The Red Money

Archives for January 2023

Is 760 a Perfect Credit Score? (What is Perfect and Does it Matter?)

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What is considered a perfect credit score? Does a 760 FICO score qualify as “perfect” credit? The technical answer is that, no, it does not. 850 is the highest credit score you can achieve and 800-850 is considered “excellent credit”.

That being said, 760 will likely provide you all of the same benefits as an 800+ credit score. In other words, you’ll still get approved for all of the same credit lines, and even likely get all of the same rates with a 760-780 FICO score.

That is where we need to be aiming. [Read more…]

How Much to Start Your Own Business in 2023

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How much does it cost to start your own business as we enter 2023? Clearly this will depend on what business you’re starting, so let’s look into what the costs are for different business models. We’ll go through this tier by tier to see what could be possible to help get out of the rat race.

To be fair, you can start a business for less than $100 but more time will be required as opposed to capital. I don’t think it’s any surprise that the more money you have up front the easier it is to get going.

Some people have very little up front to get started and that’s why we will look at various business models within different tiers. This means that literally anybody can have their own business up and running depending on where they fall. [Read more…]