2. The 700 Credit Score Mindset

Hey, what’s going on guys? Kenney Conwell here and welcome to the lesson 2, the 700 Credit Score Mindset. So this is going to be one of the most powerful modules that we cover because I’m going to be going into really the mindset principles behind what it truly takes to have a 700 credit score and then maintain a credit score. So our mentality is so, so, so important, and I’m going to break down some concepts that have changed my life from mentors that I have studied from and impart this wisdom to you. So that way this can be impactful in your life as well. Because once we change our mentality, once we change the way we think, everything around us looks differently and everything around us starts to change. So here’s what we’re going to cover. So the very first thing I’m gonna break down is the three levels of learning.

Then I’m going to go into how we process new information because I’m going to be covering a lot of new information for you to process. And I want you to be able to apply this information as you process it, and then realize where you are on that journey. So that way you can get to the expert level and be able to be successful with your credit and your finances. Then we’re going to cover shifting your mindset about money because that’s really important that we have a shifted mindset, especially if we’re coming from a place of impoverishment, obviously bad credit. And we’re looking to put ourselves in a good position. We really have to be able to start that shift, finding your why with smart goals. So this is pivotal because we have to know exactly why we’re doing what we’re doing and then have specific goals to achieve those actions.

Then I’m going to break down a really powerful concept of the compound effect. So the compound effect is happening all around us and whether you want to believe it or not. So I’m going to, I’m going to show you how you can allow the compound effect to kick in, in your life and really take this thing into high gear. So the goal guys is to go from bad credit to excellent credit. And that is what this whole academy is about. And it’s not just about the techniques because we’re going to get into the techniques is really, really, really about the mindset and the thinking behind it. So once you get the thinking down pat, no one can stop you and no one can take it away because now it’s embedded in who you are. So let’s go ahead and hop right into the first thing, which is the three levels of learning.

Now, these principles are very simple, very, very, very simple. However, they’re very, and they’re very practical, but they are very, very effective when you apply these things. And you’re going to start to realize that this not only applies to your credit and your finances. This really applies to any area of your life. So when it comes to the three levels of learning, the very first thing you have to ask yourself is who are you listening to? And you really have to be, you have to pay attention to who you’re listening to because you want to listen to people have been where you are and they are at where you want to be. I repeat, you want to listen to people who are, who have been where you are and are at where you want to be, which means they have, so for myself, I had bad credit.

I overcame bad credit. Now I have excellent credit. Now, if you go, when you listen to someone who never had bad credit, and you try to apply the principles that they tell you, there’s probably going to be a huge disconnect because they never had bad credit. And then the other side of that coin is you don’t want to go listen to somebody who has bad credit, because you’re going to continue to get more of what they have because they don’t know. So you want to listen to someone who has already demonstrated and has the results in their life. So you guys heard my story. I have a 700 plus credit score and I didn’t start there. I had to figure this out. So when it comes to the information and the principles and the concepts that I’m going to share with you, they’re going to be things that you can implement in your life immediately.

And you don’t want to listen to people who just talk about, talk about, talk about, but they don’t have the results. So there’s a lot of people who do finances, who do credit, but they don’t walk their talk. So you want to listen to people who walk their talk. And you also want to listen to people who have the ability to deliver and educate you in a way that’s going to help you. Also, when you’re listening to, or finding out who you listen to, not only do they have the results in their life, but have they helped other people get similar or better results. And the track worker that we have is we’ve helped over 24,000 people to start their journey of improving their credit, right? We’ve helped them improved their scores, millions of points and removed hundreds of thousands, I want to say 300,000- 400,000 negative items from their credit reports.

So that’s another thing that’s very important is who are you listening to? Do they have the results? And have they helped other people get the results? And have they been where you are and at where you want to be? So that concept is not even concept this principle, I’m bestowing you with, I’m blessing you with, apply this, because this is going to take into account with not just credit. This has to do with your religion. The people you listen to spiritually. This has to do with the people you listen to physically. You don’t want to listen to a personal trainer, who’s fat. You know what I mean? Like you don’t, that doesn’t make any sense. You don’t want to listen to someone who’s single about relationship advice. That doesn’t make any sense. You want to go listen to a couple

that’s gone through the storm and has weather things and knows exactly how to go through what it means to be a couple, right? So I think you get the point here. It’s very important that you listen to people who have the results and have demonstrated in their life. Don’t lose sight of this. So number one is who are you listening to? The second thing is your teachability index. Now you have to ask yourself the question, how teachable are you? If you’re coming into this, hey man, Kenney, I know all of this stuff, man, let’s get to the nitty-gritty. You’ve already lost. You’re already closing your mindset off where information that is going to literally help you change your life. We can learn things every single day. So you want to always be teachable. Always be willing to learn. Always be willing to figure out what I can do differently. How I can increase my level of knowledge?

And then once you ask yourself and become teachable, you have to say, how willing am I? Or what’s my willingness to do things differently? Now that I’ve learned, now that I’m teachable, am I willing to do things differently? And once I decide to do things differently, am I willing to accept the change associated with doing those things differently? Because we can start to do things differently, but we don’t like to change. We’re in this comfortable place and we want to stay in that comfort zone because the change feels a little funny. So what I want you to do is say, you know what? I’m willing to accept change. I’m okay with change. Change is a constant thing and I want to be with change. And then now that you start to accept change, now you’re gonna have to start giving up some things.

Now I’m not here to say you got to quit everything and start, start being, you know, this financial prude and not being wise with your money. That’s not what I’m saying. But what I am saying is that all of your, all of your behaviors and your habits, there’s going to be some things you have to give up like you’re going to have to give up, not paying your bills on time. That’s just something you’re gonna have to give up, right? If you’re saying you want to have good credit, that’s something you can’t keep doing. You got to give that up. You know what I mean? If you’re saying you wanna have good credit, you gotta give up running up your credit cards and not paying them. Right? That’s just one of those things that you gotta do, right?

So are you willing to give that up? That behavior up to be able to have good credit? Of course! So that’s when I say what are you willing to give up? Because you’re going to have to give something up. However, when you give up that behavior, when you give up that thing, you’re now putting yourself in a position to now receive something more effective for you. Now, then the question is, is what are you willing to invest? Now, you’ve already invested the money by coming into this program. But now you have to say, am I willing to invest time and money, right? Time and money. So that way I can start to get practical application in my life. So that’s the teachability index. And furthermore, there’s two parts for you to understand. And I was alluding on it, I was alluding to it in the previous slide, but it’s really like this: so you have a willingness to learn and then you have a willingness to accept change. So you have to say, Hey, look on my willingness to learn. If I’m grading this on a scale of one to 10, one being low, 10 being high, what is your score? Are you a three? Are you a four? Are you a five? I’d assume that you’re 10 because you invested in yourself and you’re in this program. Now you have to say, okay, if I’m a 10 willingness to learn, what’s my willingness to accept change. Am I at three? Am I five?

Because you know, I’m going to do some of this stuff Kenney says, but I’m gonna still keep going down this way, because this is what I know. And I’m at a five, well, 10 times five is 50. And if we’re looking at any type of educational grading system, a 50 is failing.

So minimum you want to be at a seven or eight willingness to accept, change with the goal to get to attend because 10 times 10 is a hundred. But if I can just get you up to seven, willingness to accept change, and you say, Hey, look, I have a high willingness to learn because you invest in this program. I mean, Hey, look, I’m a C student. We can get through it. We can work it out.

But sister, brother, I want you to get up to 10. So that way we can have 10 times 10 and we can just be a straight student and then realize that you never stop being teachable. So with this teachability index, it’s really important to say, Hey, look, I have a willingness to learn, willing to accept change. I’m going to remain teachable. And I’m going to continue to do the things that are going to affect my life in a positive way. That’s the teachability index. Now, number three is a training balance scale. Now there’s two sides to a training balance scale. So any scale, there are two sides. You’ve got one side and you’ve got the other side. And typically the goal is to have the scale be even. Now on one side of the scale, when it comes to this training, when it comes to getting this information, right? One side has to do with your mind.

It has to do with how you think, how you feel, the why behind things. It’s your thoughts, your desires, your thinking, your dreams, attitude, goals, the way you process information, any objectives that you have, goals, your vibration, your intention, your energy, your emotions, and your motivation. All of those things have to do with your thinking, your, your energy, all that stuff matters. You can feel good and bad energy. So you want to understand that this part, when we’re thinking about the training balance scale has to do with a portion of it then, or at least that’s what most people say. And then you have the other side, which is the what, the how, and that’s the actions. That’s the movements, the techniques, the strategies, any type of plans, activities, physical actions, and a lot of people get hung up on, Hey, just show me how to do it. And that got stinking thinking, right? And the training balance scale, what you’ve been taught and what has been told to you is, Hey, look, it’s 50:50, 50 thinking, 50 action. I’m good to go. However, it is important that you learn both, but your thinking is much more important than the actions.

You’re thinking is way more important. Because if I can have correct thinking with correct mental processes with correct information, then the actions become easy, right? So now what I want you to understand as we’re going through this process is, hey, look, your thinking is way more important than your actions because you’ve been acting and your acting has gotten new to this place. Quite frankly. So if I want to put myself in a better position then I now need to make sure I change the way I think I change my perspective, the way I look at things, because now once my perspective has changed, the actions that I’m going to do are going to be a lot different because now my actions are derived from my thoughts. It’s a logical process. So when we have the correct thinking, what the right actions, your success is merely a matter of time, literally, because at this point now I’m doing actions that are powerful, that has been proven, that have been demonstrated that are going to help me become successful because I’m applying the principles that Kenney is breaking down, right?

I’m applying these principles in my life. So I want you to do this, right? I want you to realize that you’re going to change your thinking. Now, once we understand this, now it’s time to get into this other powerful thing, which is the four ways we process new information, right? These are the four ways we process new information. I go through this all the time. You’re going to go through this. You’re going to go through this in this training. And it’s really like this. So the first way is unconscious incompetence. And really at this level, this means you don’t know what you don’t know. Like a lot of people don’t know so many things when it comes to credit. Like they’re just so ignorant when it comes to credit and money. You just unconsciously incompetent. You just don’t know what you don’t know.

Then you have the second level, which is conscious incompetence, conscious incompetence. You know what you don’t know, which means, hey, look, I know, I don’t know how to get good credit. I know I don’t know how to manage money. I see other people with good credit. I see other people with managing money, but I how to do that? I’m consciously incompetent, right? It’s just like, Hey, look, when you’re going up, you’re growing up. When you were born, you didn’t even know shoes existed. You just had the little straps on your shoes. And then you, you saw big people tying the shoes and you say, look, I know I need to tie my shoes, but I don’t know how to do that. Then we transitioned to the third phase which is, which is where I want you guys to get to, which is conscious competence.

You now know what you know. Going through this training, what I’m doing for you is putting you in a position to where you can now be at the conscious competence level. I now have the information. I’m now consciously aware of how to tie my shoe right over left. You got to still think about it a little bit, but you still know how to do it. Right? Most people are in one into either. They just don’t even know it exists or they know, but they just incompetent. Right. But now what your goal is to, and you’re going to the number three, which is conscious competence, you now know, but the ultimate goal is to get you to unconscious competence, which means, you know, and it happens automatically, right? You know it, and you just do it. So I can almost guarantee when you tied your shoes today, you didn’t think about that. When you drove to work today or you drove home, you didn’t think about that. It just happened. There are things that you do that just happen and that is where you want to get to when it comes to your credit and your finances, you want to get to the unconscious competence level to where it just happens automatically. Right? I want you guys to be wealth magnets. It just happens automatically. My success happens automatically because I have done the things in my life to be able to get the behaviors, to make this happen. So how do we get to that particular level? Right?

How do we get to the unconscious competence level? Well, once we get to the conscious competence level and we know how to do it, we have to do it over and over again. We just have to, repetition, right? So we just have to keep doing it over and over again. So what’s going to happen when we keep doing over and over again? We’re going to start creating new habits. And these things in our brains called neural pathways, and we’re going to override the old neural pathways i.e. old habits with new habits, right? And then we’re going to be able to use those habits to channel our mind and our body to now act in a different way. So that’s why I say, Hey, look, if we can just get the thinking correctly, the doing will follow. So once we’ve got the correct thinking now, and then we’re following the correct actions, those things become who we are. And then the other thing is you want to observe someone else. So like a mentor.

Like myself, like you guys are going to observe everything I break down. You’re going to observe everybody in the Facebook group. You’re going to observe people who are successful. Like you want to learn from, you know, you want to learn from someone who is doing the things

right. And that can prove, like I was saying, prove the results in their life. And then you want to associate with people who have what you want. So this is how you get to the unconscious competence level. So let’s talk about the compound effect. So this compound effect is really, really important because what I just broke down about the unconscious competence level, in perfectly with the compound effect

You’re probably wondering, what is Kenney talking about compound? Is he talking about compound interest? Compound effect? What do you, what do you mean? Well, I’m glad you asked. The compound effect is very, very, it’s a principle. Almost like the law of gravity, but it’s happening whether you want to accept it or not. So this is how success is created in any person’s life. Now, when it comes to the compound effect, like what I’ve discovered, life doesn’t give you what you want. The life reward you with what you deserve, right? Essentially as the old adage says, you reap what you sow. So just because I have a desire to have good credit doesn’t necessarily mean I deserve good credit because I may have done things that don’t warrant me having good credit. Right? So what we have to realize is that life is going to give us every single thing that we deserve good or bad. So we have to read things that are going to help us be successful, and then realize that our daily choices are pivotal. And a lot of people often think, you know, these small, meaningless choices daily, or going to, uh, I’m not going to make a good choice. I’ll skip out on the workout. I’ll skip. You know, telling my significant other that I love him. I won’t, I won’t do that extra call. I wouldn’t take out the trash today. I’ll have time

to be petty. All of those little things add up and you’re either going to wind up somewhere frustrated or happy because of all those small little choices, right? So we have to make sure that our daily choices line up with who we say we want to be. And then everyone is self-made but only successful people boast about it. Now that’s a tough pill to swallow. So I’m not trying to say that, Hey, look, you’re a bad person or you’re unsuccessful. But what I am saying is that if you want to be in a different position, which you obviously do, because you’re going through my course with me and I’m helping you with this, then you have to now understand that if I want to be successful, it’s self-made. It’s self-made and I am 100% responsible. Then it goes back to what I was talking about earlier about that unconscious competence. You’re unconscious competent.

So habits, right? You choose your habits consciously or unconsciously, and then your habits create your life situation. So remember, you are where you are right now, based off your habits. That’s point blank period. So if that means I’m in control of, if I’m not consciously determining my habits, then that means I need to change those things. And again, the goal is to become unconsciously competent with all things that will make us successful. That’s where we want to be. And then consistency, right? So it’s harder to get started than it is to keep going. So what I’ve realized, even like going to the gym, man, the hardest part to get into the gym, I mean, going to the gym is going to the gym. That’s the hardest part about it. But once you get into the gym, you know, you start to get on a treadmill and you warm up a little bit, you start doing some weights, next thing you know, it’s been an hour and you know, it’s time to go home.

So it’s just getting started. But once you get started, that momentum is established and it’s going to help you continue to remain committed. So do that small thing. Right? And a lot of people don’t really realize the power of consistency. I never really realized it. And I looked up like, I showed you guys in lesson one, how literally I went from a negative bank account to a seven figure company. And it did not happen in one year. It didn’t happen in two years. It didn’t happen in five years. It happened in like, well yeah, it happened about five, six years. Actually it was seven. Yeah. Six years, seven years. So I moved to Atlanta in 2013 and officially crossed over a million dollars in 2019. So yes, six years. It didn’t happen overnight. Right. So my question for you is, is that, which would you choose?

Right? Which would you choose? Would you choose a penny that doubled every day for 31 days or $5 million cash right now? Now choose wisely. You know what let’s just say this. Let’s just say you choose a penny and your best friend choose the $5 million cash. And you’re just like, man, why man, penny doubled every day, man, what the heck was I thinking, man, your friend is in The Bahamas. They chilling. They bought them a Lambo. You know, they went to I think I said The Bahamas. They live in it. They live with it up and you’re just like, man, I got a dag on penny. Right? I got a dag on penny, but let’s look at this. Let’s break this down. Right. So, you know, let’s see how this happens. So on day five, you have 16 cents and your friend has 5 million bucks.

Again, like they are killing you over. You’re kicking yourself, man. I got, I got 16 cents. And the day 10 your 16 cents has grown from 16 cents to $5 and 12 cents. But your other friend, I mean your friend, Hey, like, man, I got $5 million. I’m chilling. Like bought me this, bought me that. And I bought my momma a house. I had the knowledge of stuff. Day 20. Okay. Day 20 I’m at $5,200. And your friend is at $5 million still probably, probably I probably spent like 2 million. So they’re at $3 million at this point. But then on day 30. Day 30. That penny doubling every day goes from just one penny to $5.3 million. And this because of compounding interest, I mean it’s because of compounding right? That small daily decision, a lot of people will lose sight of this.

And then on day 31 it’s $10 million, $10.7 million on day 31, you actually have $10.7 million. And your friend only has 5 million minus whatever they spent, which could be like three, 3 million. And the point I’m making here is the power of consistency. And you’re like wondering like how does, how does it go from 52 to 5 million in a matter of 10 days? Because at 52 turns into 10,000, 10,000 turns into 20, 20, 40. And it just keeps compounding, right? Because it’s doubling on itself. And that’s, that’s the power of small daily decisions. So those small meaningless good decisions will amount to massive results over time. It’s, it’s not the subtle things, right? So you never saw an elephant that bit you. Elephants don’t bite. They don’t bite. We think it’s the big things. We think that that $5 million is going to be the thing. But no, no, no little things bite like mosquitoes.

It’s like those decisions you don’t think make a difference. Those little things at the cookout, that little things bite. But we have to realize that those decisions, they all matter, they all add up. The other thing to realize is that tracking is your new best friend. If you want to change something in your life, you need to track it daily. Right? You cannot improve what you don’t measure. I’ve been saying this for years. So again, going back to this whole compound effect thing. Realize that, Hey look, my small daily decisions that I’m making have excellent credit to have good finances to have good savings. Saving. I don’t want you to do a whole massive thing. Right? And don’t get me wrong. I’m going to give you, I’m going to show you how to get significant results in a very short period of time.

But I don’t want you to just get those results and not embrace the principles that it’s going to take to maintain that. Consistency is the power of this. Start small and stick with it, right? Start small and stick with it and then be patient, right? So you won’t gain 50 pounds today. If you get a piece of cake, right? Nor will you have excellent credit in one day, which means if our decisions compounded on top of each other, gave us the negative or positive result immediately, then you know, that’d be, we probably wouldn’t eat bad things. And we probably do only good things. However, the way our reality works, our universe works is, Hey, look, let me at least how it is on planet earth. That is, Hey, look, if I just make that daily decision of eating chocolate cake over the course of 20 years or 30 years, again, I’m not trying to call anybody out.

Then you can see how you can gain weight. But then if I say, look, I’m going to make that good choice of sending out my dispute letters, build a new credit, doing all of these things that help me build credit, then I’m going to have excellent credit. Eventually it’s inevitable, right? It is inevitable. So this is the powerful thing to understand with building the compound effect into your life. So let’s talk about shifting your mindset about money. Now, the question I have for you is what is important about money in good credit to you? Have you ever sat there and thought about that? Like, what is it about good credit that’s important to me? And the other question is, do you think negatively or positively about money and credit, right? Access to credit is awesome. However, being in debt and being financially responsible is bad.

So I really want you guys to say, Hey, look, I need to start shifting. If I’m thinking about credit as bad, no credit is good. It’s just a tool, right? It’s just a tool. A hammer could be used to pulling a nail or a hammer can be used to hurt somebody. Right? So how are we using that tool? Right? I’ve said this multiple times, I’m going to continue to say it. Your credit score is a three-digit number that reflects your financial behavior. So in order to maintain excellent credit, we must change our behaviors. So again, there it is, again, that the behaviors, right, our behavior like this, this stuff is once we get the right thinking in place, and we get the right information in place, now we can insert that into our life and make it habitual, right?

And money, like I was saying is merely a tool it’s merely a tool. It’s just a tool. So when it’s used correctly, can solve problems when it’s abused, it causes major problems. So we have to understand that, Hey, look, if I’m using this tool effectively, it’s going to help me be successful. And then thinking that one round of letters or one round of challenges, or one little thing is going to remove all your negative items and make everything go away. Isn’t enough. Like you have to understand that, Hey, look, I’m going to be on this place to shift the way I think about things. And then once I have that shifted perspective, like I’ve already broken down, that’s going to really open up doors. Now, why are you doing this? So I have a sheet here. I want you guys to kind of go through and just take about, take a couple of minutes.

I’ve got, I’ve got the questions here, but I want you to fill this out because it’s going to help you really define your why. So I’ll cover a couple of the questions, but I want you to go look at the sheet, download it and really get crystal clear on this. Because once you’re clear on this, when your motivation stops, notice, I said, and when your motivation stops, you’re going to still keep going. So you know, what will happen when you achieve or obtain excellent credit. Right? I want you to write that down. You know, what does your life look like with excellent credit? And then jot down what it looks like. Literally, what does your life feel like with excellent credit? What does your life look like with excellent credit? I think I already asked that question. So just disregard that question. Who are you with?

That’s a really good one. Who are you with and who was being impacted because you now have excellent credit? And what are you doing now that you have excellent credit? And then who are you being now that you have excellent credit? So answer these questions. And then the last thing I want you to do once you’ve defined your why, is I want you to define three goals that you desire to achieve in the next 6 to 18 months. And I want you to make your goals S.M.A.R.T. And when I say S.M.A.R.T, specific, measurable, attainable, realistic, and time bound. So there’s a S.M.A.R.T goals worksheet. Once we’ve clearly identified our why. Now we can say, Hey, look, these are the reasons why I want to achieve what I want to do. Now. These are the specific, tangible things I want to achieve. It could be starting a new business.

It could be purchasing a real estate property. It could be refinancing your home. It could be purchasing a new home. It could be purchasing a new car. It could be purchasing a fleet of cars for your business, whatever it is. I want you to write it down and make it specific, right? So what is the goal specifically? I want to purchase a 2020, which I wouldn’t recommend you do. Let me stop. I’m going to purchase a 2020 CL63 Turbo. I want to purchase my first real estate property worth $200,000 as an investment property. Measurable, right? Measurable. How am I going to measure this? I want to do this in the next 18 months. I want to do this in the next 12 months. Attainable. Saying that I want to do it tomorrow. May not be attainable, but saying you want to do it in the next six to 18 months could be attainable.

And when I say attainable also attainable, realistic kind of go hand in hand because number one, it is attainable. If you have good credit, but is it realistic for you to say, Hey, look, I’m going to go realistically, get a $500,000 house in two weeks. If I’m starting from scratch. So you have to make sure you’re realistic, but also make sure it’s time bound in terms of putting a timeframe in terms of when you went to achieve it and be willing to adjust up or down your timeframe, because you could achieve the goal a lot sooner, or you could achieve it a lot longer, but it’s okay. But when we start looking at measuring things, what are you going to do on a daily basis to ensure that you achieve this goal? Right? So get this filled out. It’s going to be very, very pivotal printed out once you got it done and keep it with you as you’re going through this program.

So here’s a recap of what we covered. So we broke down the four ways in which we process new information. How the levels of learning, the compound effect, shifting your mindset and then finding your why with S.M.A.R.T goals. Okay. So I want to leave you guys with this and I want you to take action. “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Aristotle said that. And I want all of you guys to be unconsciously successful and have all the things that you desire when it comes to your credit and finances. I will see you in the next module.