The last two years have brought big changes in the career market. Jobs that disappeared because of the pandemic impact and new jobs created because of the pandemic. There have always been trends in the career and job market and the past two years have created lots of new trends.
While credit has always been a big part of building toward financial freedom and success, the skyrocketing student loan debt problem has had an even bigger impact on credit during these stressful two years. Combine that with the crazy real estate market and credit has boomed as a major player. So how early can you begin building credit and is it really tied to my career. The answers are, now and yes!
It is not unusual for a hiring agent to check your credit status to determine your viability as a good fit for their company. Habits tell a lot about an individual, and credit status speaks volumes about character, how you manage time and money, your risk factor.
I frequently get asked when is it time to begin thinking seriously about careers, but I don’t think I have ever been asked, “When should my student begin thinking about credit?” Well the trend is developing and the answer is “Now.” Interestingly, over the last few years I’ve had the privilege of working with an incredibly dynamic financial educator, Hillary Seiler of Financial Footwork. Check out this video about students and establishing credit. Powerful!
Get ahead of the trend, or at least get on board. Start those financial talks with your kids, parents, friends. Build your credit. It impacts everything including your career!