IS IT TIME TO CUT UP YOUR CREDIT CARD?
IS IT TIME TO CUT UP YOUR CREDIT CARD?
The problem of credit card debt that many cardholders face lies more in the use or abuse, misuse, of their credit card. This can be traced directly to their lack of financial control and financial education of these card users. So when today's financial expert tells you to ‘get out of debt', ‘cut up your credit card', ‘put your credit card in the freezer', scoff at this advice, because the financially intelligent individuals love the power that their credit card afford them. REMEMBER: BAD FINANCIAL EDUCATION IS THE CAUSE OF POOR FINANCIAL MANAGEMENT - Robert Kiyosaki.
So is debt always bad? Certainly not. It's interesting to note, however, that bad debt decreases your net income but at the same time good debt brings you profit. In other words, good debt makes you rich while bad debt makes you poor. Robert Kiyosaki in his book, the ABC's of getting out of debt, stated, "debt and credit are powerful financial tools that have allowed many in the world to enjoy the highest standard of living in history".
If you want to live a more enriched life; a life by design, then a very important life's lesson to learn is how to minimize your stock of bad debt and responsibly use your good debt advantageously. Always aim to be like the financially intelligent who are using debt to enriched themselves, not like the financial uneducated or irresponsible who are using debt to destroy their lives.
IS IT TIME TO CUT UP YOUR CREDIT CARD - To learn more about this author, visit richard mcgregor's Website.
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Many people still believe that the way to get out of debt is to avoid credit. In fact, some advised that credit cards are debt traps to millions of consumers today, who are enticed by the ease of access to their own personal piggy-bank called American Express, Master Card or Visa.
The problem of credit card debt that many cardholders face lies more in the use or abuse, misuse, of their credit card. This can be traced directly to their lack of financial control and financial education of these card users. So when today's financial expert tells you to ‘get out of debt', ‘cut up your credit card', ‘put your credit card in the freezer', scoff at this advice, because the financially intelligent individuals love the power that their credit card afford them. REMEMBER: BAD FINANCIAL EDUCATION IS THE CAUSE OF POOR FINANCIAL MANAGEMENT - Robert Kiyosaki.
So is debt always bad? Certainly not. It's interesting to note, however, that bad debt decreases your net income but at the same time good debt brings you profit. In other words, good debt makes you rich while bad debt makes you poor. Robert Kiyosaki in his book, the ABC's of getting out of debt, stated, "debt and credit are powerful financial tools that have allowed many in the world to enjoy the highest standard of living in history".
If you want to live a more enriched life; a life by design, then a very important life's lesson to learn is how to minimize your stock of bad debt and responsibly use your good debt advantageously. Always aim to be like the financially intelligent who are using debt to enriched themselves, not like the financial uneducated or irresponsible who are using debt to destroy their lives.
IS IT TIME TO CUT UP YOUR CREDIT CARD - To learn more about this author, visit richard mcgregor's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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