1902 FBF: FICO Scores, Pre-Rented Myths, DNA, Goldman Sachs, The Fed & Recessions

Today's Flashback Friday is from episode 982, published on April 2, 2018.

Jason Hartman breaks down some important topics in today's show as he talks about one of the vital assets you have in your toolkit, and that's your credit score. With so many different companies and credit scoring models, it's key that you understand what impacts your score. You need to stay on top of it (and make sure it doesn't get TOO high because then you're not doing enough of what Jason thinks you should be doing).

Jason also looks into what kind of a job the Fed has been doing on their charter, opposition to Amazon, Google and Facebook, the myth of the Rented Home purchase, and some interesting results from his recent DNA test.

Key Takeaways:

4:14 The Fed's job of evening out inflation has been...not so great

7:53 Trump's opposition to Amazon and Jason's opposition to Google & Facebook

10:34 Some disgusting behavior from Goldman Sachs around the time of the mortgage crisis is a PRIME example of how Wall Street treats the average person

12:28 There are the big 3 credit bureaus for your FICO scores, but tons of factors that create each score, PLUS there are even more FICO scoring models out there

14:20 If your credit score is too high you might not be borrowing enough money (but don't borrow for frivolous purposes, borrow for properties)

18:22 A rundown on a few FICO scoring models

22:31 Do millennials really understand inflation?

24:09 The Rented Home Myth

30:01 Jason gave in and did a DNA test

 

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