How to get a loan when you are self-employed or don’t have steady income with Bald Thought’s Lee Huffman

Lee Huffman Instagram

When Lee Huffman needed to visit his mom while she was receiving treatment for cancer, his car broke down and he had to get a new one immediately. But without steady income, he could have been out of luck, if it weren't for one key thing he had going for him. 

In Lee's money story you will learn:

  • The perks, as well as the setbacks, from being self employed

  • What he decided to do when his trusty truck became not so trusty anymore while he was on his way to see his mother who was having surgery for breast cancer

  • Why he decided that a new car was better than just fixing his old truck

  • The problem he ran into with banks when trying to get a loan

  • How his great relationship with Bank of America and his great credit score helped him to get approved for a car loan

“Because I have taken really good care of my credit.. I was able to get approved for a loan with almost the lowest rate I was able to find anywhere"

In Lee’s money lesson you will learn:

  • How your credit score can be a very valuable asset and can actually create opportunities for you

“Focus on your credit score.  It can be a wonderful asset that can open a lot of doors of opportunity for you”

In Lee's everyday money tip you will learn:

  • The importance of having local currency when traveling. If you don't have the local currency, you can stop by an ATM. Some banks don't charge the fee to use another bank's ATM or simply reimburse you for it later

"Before you start earning miles in any of the different airline programs make sure that those miles are going to get you to the place you want to go to"

In My Take you will learn:

  • How you can avoid paying for water in the airport by bringing a metal water bottle with you when you travel in airports- but remember to keep them empty

  • Lee talked about how he loves using credit cards to get miles and free stuff. All good. But don’t go too crazy with that. You do you. If you don't travel much, you may want to look into a credit card that offers different kinds of rewards

Episode Links:

Lee's podcast We Travel There

Lee's free email course "7 days to your dream vacation"

Check out Lee's websites -

www.BaldThoughts.com

www.WeTravelThere.com

Follow Lee at BaldThoughts!

Follow Lee at We Travel There!

 
When Lee Huffman needed to visit his mom while she was receiving treatment for cancer, his car broke down and he had to get a new one immediately. But without steady income, he could have been out of luck, if it weren't for one key thing he had going for him. In this Financial Grownup podcast episode Lee tells us how he was able to get approved for a car loan when he needed it and shares how we can save money while traveling. #TravelTips #TravelHacks

When Lee Huffman needed to visit his mom while she was receiving treatment for cancer, his car broke down and he had to get a new one immediately. But without steady income, he could have been out of luck, if it weren't for one key thing he had going for him. In this Financial Grownup podcast episode Lee tells us how he was able to get approved for a car loan when he needed it and shares how we can save money while traveling. #TravelTips #TravelHacks