🔎 Disclosure: WE DON’T SELL ANY COURSES. Money Vice is reader-supported. When you buy through our links, we may earn a commission at no extra cost to you. The ideas presented on this site are opinions and are presented for entertainment purposes only. We’re not licensed financial advisors. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
1. Use Credit Cards Strategically, Not Emotionally
You know that one friend who treats their credit card like a magic wand?
Yeah, don’t be that person.
Millionaires don’t see credit cards as free money. They see them as wealth tools.
Every swipe is strategic, not emotional, because they know every dollar either earns or costs them something.
So before you hit “Buy Now,” ask yourself: Is this helping me grow, or just filling space?
👉 Here's How You'll Do It: Use your credit card only for planned expenses and pay it off in full each month with auto-pay through your banking app.
📌 SAVE IT FOR LATER! 📌
2. Leverage Credit to Build Cash Flow Assets
Here’s the secret sauce most people never figure out. Credit is leverage.
Millionaires don’t rack up debt to buy stuff; they use credit to buy income.
That means financing a small rental, launching a side hustle, or investing in an online business that pays them back.
The poor buy liabilities; the wealthy buy cash flow.
So next time you think of using credit, ask yourself: Will this purchase make me money later?
👉 Here's How You'll Do It: Only if you already have the cash to back it up, you may consider a loan to fund a small business idea. Be sure to track potential returns to measure if it makes sense to do it.
3. Always Protect Your Credit Score Like It’s a Business Asset
You wouldn’t ignore your car’s oil change, right?
Then don’t ignore your credit score. It’s literally your financial engine.
A high score means lower interest rates, higher limits, and better cash flow opportunities.
Millionaires treat it like an asset because it determines how easily they can move money around.
A bad score? That’s like showing up to a party with no invite. Awkward and expensive.
👉 Here's How You'll Do It: Use free tools like Credit Karma to monitor your score weekly, set alerts for drops, and pay bills automatically to keep your payment history spotless.
Bonus Tip: Keep Track of Your Credit Like the Wealthy Do
You know how millionaires always seem to know exactly what’s happening with their money?
That’s because they track their credit like hawks. No guessing, no surprises, just full control.
You can do the same by checking your credit score and reports regularly to catch errors early and see where you stand before any big move, like buying a car or a house.
The cool part? You don’t need to pay for that kind of insight anymore, thanks to free tools like Credit Karma, which millions already use to stay ahead and stress-free.
Think of it as your personal credit radar. Quiet, reliable, and always working behind the scenes to protect your financial future.
👉 Here's How You'll Do It: Sign up for a free Credit Karma account today, check your score weekly, and set up alerts so you can fix any issue before it costs you money or peace of mind.
4. Use Credit Perks and Rewards Strategically
Think of rewards like mini paychecks hiding in plain sight.
Every millionaire knows how to maximize perks. Cashback, travel miles, and purchase protection aren’t just bonuses; they’re a strategy.
You can make hundreds back every year if you swipe smart.
The trick is using those perks on stuff you’d already buy anyway. Not falling for the “spend to earn” trap.
Because no one gets rich chasing points while broke.
👉 Here's How You'll Do It: Choose a high-reward card like the Chase Freedom Unlimited for everyday purchases, then redeem cash-back directly to your savings account monthly.
5. Don’t Co-Sign Loans Unless You Can Truly Pay Them
Have you ever co-signed for someone and ended up paying their tab? Ouch.
Millionaires avoid this drama like expired sushi.
They know co-signing is basically saying, “If they don’t pay, I will.”
It’s not generosity. It’s financial handcuffs.
Protect your name like it’s gold, because in the credit world, it literally is.
👉 Here's How You'll Do It: If someone asks you to co-sign, offer to help them improve their own credit instead with a secured card from their bank or a credit-builder loan.
📌 SAVE IT FOR LATER! 📌
And that’s it!
Never forget it…
🍔 A Bigger Bank Account Is Waiting For You!
😉 Dale!
