I’m so sorry that it took me so long to introduce you all to the newest lady in my life….but….her name is….Platinum….she is quite a ride. She comes from the family of Nissan Maxima 3.5 SE. She was born in 2004 and has a lot of horsepower, but most importantly…she is fully loaded! I bought her a day before Thanksgiving last month.

Although it was about time I got an upgrade from my college ride (‘96′ Nissan Sentra with over 250K miles….meter stopped counting…lol), this was not my reason for buying my new ride. Although I should reward myself because I’ve done a great job in increasing my investment capital from $500 to over $10K this year, that was not my reason for making this major purchase.  By now you’re thinking, so Chiko why did you make the purchase? I am glad you asked (lol), but I am getting ready to tell you.

Well…a little while ago I talked about the reality of my credit score and my discouragement of this reality.  After I got over the fact that I could not change my credit score by thinking it was unfair how the credit bureau goes about scoring individuals…I decided to set a plan of action.  I started to look for a way to establish some kind of credit. I ended up boiling it down to two options, either get a credit card and use it or finance a purchase. Since I hate don’t like credit cards and the concept of it, I decided to make a large purchase that would help me build credit.

Moving forward! This purchase will help me to build my credit as I pay down the loan over the next year or so. As my credit score rises and credit history is being established, I will continue to save money for a future investment property (condo or a multifamily property).

In case you are still wondering….Yes, the ride is SWEET!

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