Monday Money Tips (10/20/25) · InvestCEO with Kyle Henris

Monday Money Tips (10/20/25)

Last week, we shared 4 quick tips to help boost your credit score. This week, we’re diving into a strategy that could set your children up with a credit score of 750 or higher before they even turn 18.

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Quiz Question: What part of your credit score takes the longest to build up?

Answer: Credit History

Why does this take the longest?

Because to create "history" takes time. And lots of it.

What if there was a "cheat code" to giving your kids a jumpstart to their credit history?

Fortunately it's simple, and really just requires one step. See below:

1.) Add them as an authorized user on whichever 1-3 credit cards you have had the longest (Minimum of at least 5 years old).

*Make sure the card(s) you are adding them to don’t charge an additional fee for authorized users - this is a very important point.

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By the time they are an adult they’ll likely have:

750+ credit score
Over 20 years of credit history
Access to any loan they may need

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Remember from last week, the the 3 things that carry the most weight in determining your credit score are:

Payment History: How consistently you pay your bills
Credit Utilization: What percentage of your available credit you’re using
Credit History: How long your accounts has been open

Numbers 1 & 2 are easy to improve, but number 3 takes time. By adding them as an authorized user they get to piggyback off of your credit history.

*Only consider doing this if you yourself have a great credit score, otherwise they will be piggybacking off of your bad score which could negatively impact them.

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