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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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• Stock market & investing
• Real estate & housing market
• Credit cards & saving tips
• Money mindset & wealth building

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Transcript
00:00Do not do this if you are young. I shut down a credit card that I got when I was 16 years old,
00:04and I am still trying to fix that ding on my record. As long as the card doesn't have an
00:08annual fee, most of them you could just keep. The reason for this, by the way, is because when you
00:12close down a credit card, it lowers your average age of credit. And age of credit really has a big
00:18impact on your score because the longer you've had those accounts open for, the more it's going
00:22to show that you're a responsible borrower for a very long time. So by cutting those off, it lowers
00:27your average age of credit. And as a result, your credit score may decline.
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