When it comes to celebrating Fathers in June, there is no shortage of incredible gift concepts from bbq utensils and cigar kits, to engraved trinkets and tech devices, but there is one gift I have never heard of any child or mother giving a father that I am pretty confident dad would LOVE: the gift of having his children be financially independent. Financial literacy is vital in our communities, as our education systems have traumatically failed us in this area. Consider putting yourself in a position to be financially independent and helping others do the same.
- Look into student loan forgiveness programs to help you eliminate student debt.
- Find an additional stream of revenue that does not require acquiring a second job or a higher education.
- Ease dad’s concern for your future and protect your assets by establishing a will, trust, and a financial and medical power of attorney.
- Create a plan to set specific savings goals.
- Increase your credit score drastically by disputing derogatory items from your credit report.
- Find credit attorneys that understand and can apply pertinent knowledge of the Fair Credit Reporting Act to help remove negative items from your report.
- Start building positive credit by legally adding positive tradelines and utilizing the benefits of a secured credit card with insanely low rates.
- Enroll in Allstate’s identity protection program that gives you up to $1 Million in protection insurance.
- Sign up for a credit monitoring system that accurately reports all three bureaus on time.
- Keep all of your financials and password information in one secured place incase of an emergency.
If you are unsure of where to find the above service options, Good Credit Society has a package that includes 12 different financial services, including many of the ones above, for under $200. You can simply text “I’M READY” to 773-610-5800, or check out www.GoodCreditSociety.com for more information.
