Masculine Identity | Building Your Credit & Money Up

Summary

In this video, Jonathan emphasizes the significance of building credit and financial stability for personal growth and independence. He shares his journey from a low credit score to improvement, highlighting the use of secured credit cards and credit builder loans. Jonathan also stresses the importance of living minimally, saving, and investing wisely, including his successful experience with stock trading and cryptocurrencies. He encourages viewers to start building credit early, work hard, and consider side hustles for financial freedom, ultimately aiming for a comfortable life as a high-value individual.

Takeaways

• 💼 The importance of building credit and managing money is emphasized as a crucial part of masculine identity and financial independence.
• 🏦 The speaker's first experience with credit was a secured credit card, which taught him the value of responsible credit usage and timely payments.
• 📉 He experienced a drop in credit score to 590 due to misuse of credit, highlighting the consequences of financial irresponsibility.
• 🔺 To rebuild credit, the speaker suggests using credit cards for small purchases and paying them off promptly to demonstrate reliability.
• 💳 Opening a secured credit card and maintaining good payment habits can lead to better credit offers and improved credit scores.
• 💲 The speaker recommends credit builder loans as a way to establish a positive credit history and regain trust with lenders.
• 🏡 Credit is essential for securing good rates on major purchases like houses and cars, with a target score of 700 or above.
• 💰 For those starting with no credit or looking to improve, the speaker advises beginning as early as possible to build a strong financial foundation.
• 📈 The video also touches on money building, advocating for a minimalist lifestyle and strategic saving to accumulate wealth.
• 🔄 The speaker shares personal success with stock trading and cryptocurrencies, suggesting it as a viable side hustle for additional income.
• 🤑 Emphasizes the value of side hustles and the importance of hard work, suggesting that increasing work hours can lead to higher earnings and financial stability.

Q & A

What is the importance of building credit according to Jonathan?

Building credit is important because it is a part of the masculine identity and financial stability. It allows for financial freedom, avoiding living paycheck to paycheck, and is necessary for securing good rates on loans for houses and cars.

How did Jonathan's first experience with credit impact his credit score?

Jonathan's first experience with credit was with a secured credit card, which he misused, causing his credit score to drop to 590. This experience opened his eyes to the importance of credit management.

What lesson did Jonathan learn from his initial credit mistakes?

Jonathan learned the importance of using credit responsibly for small purchases and paying it back on time to avoid maxing out credit cards and to build a good credit score.

What is a secured credit card and how did it help Jonathan rebuild his credit?

A secured credit card requires a security deposit and is for individuals with poor or no credit history. Jonathan used it to rebuild his credit by making small purchases and timely payments, which helped increase his credit score to 660-670.

What is a credit-builder loan and how can it help improve one's credit?

A credit-builder loan is a type of loan designed to help build or rebuild credit by making on-time payments. It helps establish a positive payment history with lenders and can lead to better credit offers.

How does Jonathan suggest using credit cards effectively?

Jonathan suggests using credit cards for small purchases of less than a hundred dollars and paying them back as soon as possible, ideally within the same week, to avoid accumulating debt and to build credit.

What role does living a minimalist lifestyle play in building financial stability according to Jonathan?

Living a minimalist lifestyle helps in building financial stability by reducing unnecessary expenses, allowing more money to be saved or invested back into oneself.

How did Jonathan make money through stock trading and what advice does he give?

Jonathan made money by investing in stocks like Dogecoin and AI companies, making significant returns. He advises studying the market, companies, and their financials before investing, and treating stock trading as a serious side hustle.

What is the significance of having a side hustle according to Jonathan?

Having a side hustle is significant because it demonstrates the ability to turn ideas into income and provides an additional stream of revenue, contributing to financial independence.

What advice does Jonathan give for those who have messed up their credit or have low money?

Jonathan advises those with poor credit or low money to start rebuilding their credit and saving money immediately, emphasizing that it's never too late to get back on track and that hard work and discipline are key.

Outlines

00:00

💼 Building Credit and Financial Stability

The speaker, Jonathan, emphasizes the importance of building credit and financial stability, which he considers integral to masculine identity. He shares his own experience with a secured credit card that initially damaged his credit score. Jonathan then discusses the significance of making on-time payments and using credit responsibly for small purchases to rebuild his credit. He suggests using credit builder loans to establish a positive relationship with lenders and mentions a company called Self, which offers credit builder loans. He also advises starting to build credit early, aiming for a score above 700 for better rates on loans and purchases. The paragraph concludes with Jonathan's encouragement for viewers to engage in the comments and share their own credit-building tips.

05:01

💰 Maximizing Earnings and Side Hustles

In the second paragraph, Jonathan talks about the value of hard work and the concept of a 'masculine identity' tied to financial independence. He shares his experience of working two jobs and successfully investing in stocks, particularly in Dogecoin and AI companies, which led to significant financial gains. Jonathan stresses the importance of studying and understanding the market before investing, and he mentions various platforms like Cash App, Robinhood, and Weeble for trading stocks. He also touches on the idea of side hustles, using his YouTube channel as an example, and encourages viewers to find ways to turn their ideas into income. He concludes by reiterating the importance of financial discipline and the absence of get-rich-quick schemes, urging viewers to work hard and smart to improve their financial standing.

Keywords

💡Credit

Credit refers to the trust that a lender extends to a borrower, allowing them to borrow money or purchase goods and services now with the promise to pay back later. In the video, the speaker emphasizes the importance of building credit as it is crucial for financial health and accessing better rates on loans for significant purchases like houses and cars. The speaker shares personal experiences with credit, including using a secured credit card and the lessons learned from a low credit score.

💡Financial Freedom

Financial freedom is the state of having control over one's financial decisions without being constrained by a lack of funds. It is a central theme in the video, where the speaker encourages viewers to work towards being financially independent and not living paycheck to paycheck. This concept is linked to the broader idea of masculine identity and self-sufficiency, as the speaker suggests that being financially free is a part of being a high-value man.

💡Secured Credit Card

A secured credit card is a type of credit card that requires a cash deposit as collateral, which is used to secure the line of credit. In the script, the speaker mentions using a secured credit card as their first line of credit, which later led to a realization about the importance of credit management after their credit score dropped. This serves as an example of a tool that can be used to start building or rebuilding credit.

💡Credit Score

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent their creditworthiness. The speaker discusses their personal credit score journey, starting with a low score of 590 and working to improve it. The video uses the credit score as a metric to measure and discuss the progress of credit building and its impact on one's financial health.

💡Minimalist

A minimalist is someone who follows a lifestyle that intentionally consolidates the design elements of a work of art, an object, or a room to enhance clarity and reduce distractions. In the context of the video, the speaker advocates for living a minimalist lifestyle to save money, which is crucial for building financial stability and credit. This involves cutting back on non-essential expenses and focusing on the essentials.

💡Side Hustle

A side hustle is an additional job or venture outside of one's main employment, often pursued to earn extra income. The speaker highlights the importance of having a side hustle for financial growth, using personal examples such as stock trading and investing in cryptocurrencies like Dogecoin. These side hustles not only provide extra income but also contribute to financial independence and learning new skills.

💡Stock Trading

Stock trading involves the buying and selling of shares in companies listed on a stock exchange. The video discusses stock trading as a means to build wealth and as a side hustle. The speaker shares their experience of making significant returns from trading stocks and cryptocurrencies, emphasizing the need for research and understanding before investing.

💡Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. The speaker mentions investing in Dogecoin, a type of cryptocurrency, as part of their financial strategy. This highlights the emerging role of digital currencies in personal finance and wealth building.

💡Masculine Identity

Masculine identity refers to the qualities, roles, and behaviors that a society or culture associates with masculinity. In the video, the speaker connects financial responsibility and independence with a strong masculine identity, suggesting that being financially capable and self-sufficient is an important aspect of being a 'high-value man.'

💡Debt

Debt is an obligation or liability that arises from a creditor extending credit to a debtor. The speaker discusses the negative impact of debt, particularly when it comes to credit cards. They advise against maxing out credit cards and emphasize the importance of responsible credit use to avoid falling into debt.

💡Investment

An investment is an asset or item acquired with the goal of generating income or appreciation in its value. The video touches on various forms of investment, including stock trading and cryptocurrency, as ways to grow one's wealth. The speaker's personal investment experiences serve as examples of how to leverage investments for financial gain.

Highlights

Importance of building credit and financial stability for personal growth and independence.

The journey of building credit starts with understanding the value of money and time.

Using a secured credit card as a first step towards building credit.

Learning from a credit score drop and the importance of responsible credit use.

Making on-time payments to rebuild credit after a setback.

The significance of credit in securing loans for major purchases like houses and cars.

Aim for a credit score of 700 and above for better interest rates on loans.

The benefits of starting to build credit early in life.

Self as a platform for credit builder loans to improve credit scores.

The concept of living minimally to save money and invest in oneself.

The value of having a side hustle or business to generate additional income.

Stock trading as a side hustle and the importance of research and portfolio management.

Using apps like Cash App, Robinhood, and Weeble for stock trading.

The psychological aspect of money management and the drive for financial independence.

The message that hard work and dedication are necessary for financial success.

The reality that there are no get-rich-quick schemes, only consistent effort and smart financial decisions.

Encouragement for young men to take control of their financial future and live independently.

Transcripts

what's good guys it's your boy Jonathan

J coming to another video Let's cook

boys let's cook all right the importance

of building credit and building your

money up guys understand this you're

going to hear high value man get thrown

out there in this space it's a lot of

background work it's a lot of time to

yourself time off this is something that

takes time to build up so no matter how

young you are how old you are if you've

had you know good credit you messed it

up or you've never had any credit and

you're trying to figure out what are

things I can do to build my credit I got

your back but guys a lot of this stuff

you have to implement into your life

because it is a part of the masculine

identity you should be working towards

being financially straight you know

financially free you're not worried

about you know when's the next meal

gonna come or you know living from

paycheck to paychecks this is really

going to help you when you implement

these tips get in the comment section if

you've got things to add on to this list

or things that help you get your money

up and get your credit up guys let's get

together and show fellas this is the way

to do it let's get into it credit and

why credit is so important my experience

with credit and how you can make credit

work for you all right so my first line

of credit was with a secured credit card

and I ended up tanking my credit score

it was at 590 and that was the first

time it really like opened my eyes you

know if you don't have immediate cash

you need to use your credit or if I

don't want to use my debit card and I

want to swipe my credit card for

something small that's the way to go

about it and pay it back on time

that taught me such a valuable lesson

and actually picking myself up and

getting back to 660 670 that really

showed me like yo this is okay because

at that time when I messed my credit up

I was feeling really low you know I was

feeling down about myself because you

know you had all this credit and you

messed it up so quick being

irresponsible so even when you're in the

middle of being irresponsible you know

what's up so guys don't ever play

yourself out because that's all you're

gonna do is play yourself out when you

max out credit cards you want to use

them effectively use them on small

purchases pretty much I tried to when I

got my credit back on track I tried to

not use my credit cards you know I'd

swipe it for like a hundred dollars or

less and pay it back as soon as I could

try to do it like that same week you

know what I mean try not to use it that

much and it really did help build my

credit score but these were tips that I

used to build it up coming back from

taking a major L that I created right so

I opened up a secured credit card this

one was for 500 and then after I held

that one down for a little bit credit

loan these are going to be credit

Builder loans or you know you can start

anywhere from a thousand dollars and up

to build a rapport in a relationship

again with other lenders with credit

card companies so when they see that you

make these on-time payments they will

trust you again and then you'll start

getting offers in the mail for other

credit cards and other deals and you

will just see like okay I'm back on

track because if they trust me to give

me another card or a real card after

making these steps that means that

you're good again but you have to

understand never fall off again with

your credit because credit is just as

important as money guys you're going to

need credit if you ever want to buy a

house and get good rates you're going to

need credit if you ever want to go get a

car and get the best price for like you

know it gets you in a car for the best

price you're going to need your credit

score to be up anywhere from 700 and

above you want to be aiming for if you

want good rates on things also the

younger you are you start now so that

means if you're like 18 19 20 21 you

have no experience with credit guys jump

on it as soon as possible get your

credit score up it's very important

there's another company called self it's

a credit Builder loan and after you hit

but you're really paying yourself back

so if you take out a loan for like a

thousand or above you're making these

monthly payments of I think it was the

lowest you could do is 48 or you can set

your payment 75 100 whatever you want to

do and by the time you reach a certain

amount in the account guys self will

actually give you a secured credit card

from the money that you've already paid

yourself back so if you let's say you've

paid yourself back 300 400 500 you can

take but I think the minimum is 125 so

anywhere from 125 up you can take from

um that money that you've built back

that you're basically just going to pay

yourself back and put it on to a secured

credit card guys that's going to build

your credit as well you're going to see

these tips and tricks actually you know

boosting your credit score by 20 points

10 points five points eight points at a

time it's going to keep going up when

you make on-time payments next thing I

want to talk about is money building

your money up that's why it's very

important to live like a minimalist

you're going to understand like okay my

bills have to get paid and then

whatever's after that I actually sit

down write in my notes or in my

calculator on my phone and I put

together a plan to save understand this

and when you don't go out you have more

money to save or actually you have more

money to then invest back into yourself

you have more money to eat healthier

just little simple tips and tricks like

that that people don't understand like

how could I ever get money for this you

have to cut back somewhere you have to

make a compromise I worked two jobs a

lot guys if you're working 40 hours a

week and you're not in the career field

that you want to be in that makes you

pretty good money there is nothing wrong

with working to jobs you can never think

you're above stuff like that because if

you're not putting in the work 60 hour

weeks 70 hour weeks come on like really

think about it you want to save your

money but you want to do the bare

minimum to save money it just doesn't

work like that guys and that's a part of

the masculine identity knowing that you

know everything rides on your back

everything like if you don't keep going

everything will fall because this is for

you I got really good at stock trading

uh oh Dogecoin you know I made a lot of

money off of Dogecoin uh I probably

invested 500 in Dogecoin I think I made

like five thousand dollars back I

invested 500 like 250 at one time 250 at

another time and my returns from that

were like five thousand dollars crypto

and stock trading it's a certain you

have to have a certain portfolio that

you can leave there to make money but

when I say make money I mean doing it as

a side hustle you can be a stock Trader

guys but it's going to be a lot of

studying you're going to be watching

other channels on YouTube to see what's

about a hit what's about to be big

you're going to put your bid in

basically you're gonna buy some stocks

and you're gonna buy a good amount of

stocks like a good number of stocks I'm

not talking about oh I bought one two

three shares no you're gonna buy 20 30

anywhere to 100 shares of something

always study the company how long the

company's been out you know uh how much

money is into the company how many

shares are available is it being talked

about you have to know the company that

you're investing your money in guys I

made a lot of my money from AI

um companies that are kind of like

Facebook but in other countries just

building up I was just seeing hundreds

of dollars go up and I'm like you know

what let me do a little bit more

research yeah let me pull my money out

and then have what I gained you know

stock trading is a side hustle it's

actually a full-time job for people who

take stock trading very very very very

serious very serious trust and believe I

know there's a lot of doubters no no

guys if you study and you really get

good with your intuition I'm telling you

something about it stock trading is the

way to go no you can use cash app for

stock trading you can use Robinhood for

stock trading you can use Weeble for

stock trading there's a lot of different

you know options there's a lot of

different apps you're gonna understand

like okay so if I needed money real

quick all I have to do is use my brain

and I can make it in just about anyway

that's what stock trading is going to

teach you you're going to feel like yo I

can make money like just for my

knowledge yes that's going to be one of

the first signs that you're going to see

like holy [ __ ] I can actually get money

in other places having a side Hustle

having a side hustle is very important

or having a side business is very

important it shows that you can make

your thoughts come to life

imagine that you woke up with zero money

in your pocket

zero money in your pocket but all you

had was an idea and you actually turned

it into a way to make money YouTube

channel this is a whole side business

this is a whole side business do I do it

for the money no I do it really for the

message that I send to God it just so

happens that this makes money it's the

same thing with the stock trading you

know you put an idea out there in the

world and you really go hard at it guys

it becomes a side hustle I don't care

what you want to do it's like when you

see a kid on the side of the road

selling lemonade for like 99 cents a

glass you know stuff like that makes me

proud because that's the exact same

thing that I'm doing now just in a

different form money isn't everything

but these are things that you need to

have to live in this world it is what it

is see things of this world like money

a lot of other stuff is more important

than that but this is just what it takes

for you to live a comfortable Life as a

young man as a grown man as a complete

man high value man it's never too late

to come back as a man so you might have

messed up your credit you can get right

back on track trust and believe if your

money is low right now you're working

less than 40 hours 40 hours a week why

aren't you saying money no no no no news

flash you're not working hard enough 55

hour weeks instead of 40 hour weeks to

get more money that's just what you got

to do if you have to stop going out with

your friends

and stop following behind people having

fun going clubbing and all this stuff

guys you're going to save your money you

know there's no get rich quick scheme

these were tips and tricks that I use to

get back on track when I messed up my

credit and guys I'm telling you right

now life is a lot better so if you want

to build your credit up or if you've

never had credit before start right now

this is going to be a part of

Independent Living so if you're a young

man still living with your parents or

you have a roommate this stuff is very

important it's your boy Johnson J get

with you boys in the next video like

comment subscribe let's go boys let's go