Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Purpose of having good credit when you are well-off?
there are several reasons you might want good credit even if you could afford to pay for all your expenses in cash. having pointed out all the above reasons to have good credit, it is probably worth noting that many people with good credit choose to not borrow simply because they are more comfortable with the risks of not borrowing (e.g. inflation risk), than they are with the risks of borrowing (e.g. investment volatility).