Being a Mandalorian is all about honor.
When a Mandalorian declares, “This is the Way,” he’s saying something about himself and his people — telling those he encounters what to expect.
The Mandalorian is honor-bound to fulfill those expectations.
This concept is at the core of the hit Star Wars series “The Mandalorian,” and, believe it or not, it’s at the core of managing your credit, too.
Just as a Mandalorian builds a reputation by living up to the Way, you can build your credit by living up to your financial agreements.
If you want to boost your credit, there’s a lot you can learn from Din Djarin (aka the Mandalorian, or just plain Mando).
Here are some great strategies you can employ when it comes to using credit wisely.
Be as Good as Your Word
Honoring your agreements is one of the best ways to build your credit.
Just like Mando, be as good as your word.
If you sign a contract, dedicate yourself to fulfilling it with the same level of commitment Mando employs in completing his mission.
Make your payments in full and on time until the loan is paid off.
On-time payments are among the best ways of helping you establish good credit.
Persevere In Building Your Credit
Building credit is a process that takes time and consistency.
Perseverance is key, as it is with Mandalorians even from childhood.
When they encounter an orphan, known as a “foundling,” who shows what it takes to persevere, that orphan is taken in.
Din Djarin himself was such a foundling, and he may see such qualities in Grogu (aka Baby Yoda).
Din Djarin then shows perseverance, himself, in his quest to reunite Grogu with his people, the Jedi.
To build your credit, you need the same kind of commitment.
If something’s worthwhile, it probably won’t happen overnight, but well worth it in the long run.
Know Your Credit Position
A Mandalorian always finds out as much as possible about a situation before putting himself in harm’s way.
He studies all the angles, considers all the possibilities, and makes sure he’s not walking into an ambush.
You wouldn’t walk up to the register at a grocery store without knowing how much cash you had on hand, either in your wallet, your purse, or your checking account.
So why would you even consider making a big credit purchase without checking your credit report and knowing how much credit you have available?
Another easy way to build credit is to use a credit card that’s tied to a specific amount that you’ve already deposited to secure it.
With a secured credit card, you won’t be tempted to overextend yourself.
And as a bonus, you’ll have the prospect of building your credit every time you make a payment.
Have The Right Equipment
Din Djarin has a variety of equipment at his disposal, ranging from his ship, the Razor Crest, to weapons such as an Amban rifle, blasters, whipcords, and flamethrowers.
You need the right equipment, too.
That starts with your credit card(s).
You can use cards like MasterCard or Visa to purchase a vast number of products and services from a broad spectrum of businesses.
Usually, you pay a minimum portion of your balance monthly, but charge cards (American Express is the prime example) require that you pay off the full balance every month.
There are premium cards for those with exceptional credit, and “rewards” cards that give you cashback, airline miles, or other perks when you use them.
Other cards are built for balance transfers, which offer low or no interest for a period of six months, a year, or 18 months, giving you a chance to pay off your balance from a higher-interest loan.
Then there are retail cards offered by businesses such as department stores, solely for use at those establishments.
Find the right kind of card(s) for your needs.
Be Sure You’ve Got a Backup
Mando has a lot of machinery, but he doesn’t always have it all at his disposal, so he needs backups, and an ability to improvise when things get dicey.
You may find yourself in a similar dynamic someday, if you can’t use the machinery you have in place — like during a power outage or grid failure, for instance.
If the lights go out and the devices lose their charge, your productivity (and your paycheck) could come to a screeching halt.
And that’s when your credit can get jeopardized.
But being prepared with the right equipment can keep you from getting into financial hot water in a sticky situation like this.
If you’re prepared with a generator to provide backup power, you won’t need to dig into your credit to cover the expenses an extended power outage can bring.
Similarly, if you’re prepared with one or more forms of financial backup, you can avoid dinging your credit with necessary purchases made on the fly.
With a savings account established for emergencies or insurance to cover unexpected costs in a crisis, you can keep your credit intact while still making regular, on-time payments, no matter the circumstances.
Bolstering your credit can help you enhance your overall financial situation.
It can lower your interest rates and put you in a healthy position to make major purchases down the road.
As you watch “The Mandalorian,” look for cues that can help you to bolster your credit.
Din Djarin knows the meaning of honor and how to employ strategies that improve his position.
You can, too.
Keep one eye on Mando and the other on your credit, and you’ll be in a good position to accomplish your mission.
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