Cosigning is just a nice way to help out friends or family that don’t have great credit, right? Wrong. Rondi starts out the new year with this essential Wealth Rule that allows you to help those you love get back on their feet while still protecting your credit score.

 

He covers:

How cosigning for someone with no credit is a terrible idea -- not only for your own credit score, but for the person who you’re signing for The importance of learning and teaching financial responsibility The advantages of staying broke and hungry vs. comfortable and lazy

 

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