'If You Use Your Credit Cards, You Do Not Want to be Rich. - Mark Cuban

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"If You Use Your Credit Cards, You Do Not Want to be Rich. - Mark Cuban

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This advice is for people that don't pay off their card each month.

brother
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If you carry a balance you don't want to be rich

Fixed

jcrowley
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My oldest credit card is 10 years old. I have never paid a single penny on interest. I have flown a couple times for free on points. Just this year I finally got a credit card with annual fee of $100, but I took the opportunity and got 6000 points ($600). That basically pays the annual fee for 6 years. Use credit cards, but use it wisely. Don’t spend money you don’t have

Zizzarazzo
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Using a credit card doesn’t put you in debt, using a credit card poorly puts you in debt 👍🏻👍🏻

josiahbaumgartner
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I always use a credit card.
Pay in full every month.
NEVER pay interest.
I got back over $400 from Costco.

MaxCruise
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Literally just pay off the card before interest kicks in

ddennis
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It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

ChristopherAbelman
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Roshan-hbwg
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I knew a man who used his credit cards for ALL of his companies bills, he paid them all off every month.
As a result, Jeff used his accrued air mileage to fly from fargo to Miami 5 to 6 times a year, and NEVER paid a single penny in interest.
It's all how you use your money.

reedsilvesan
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I'm debt free with 7 credit Cards all with 0% balances. This is sound advice for people with no self control. I don't use debt to get leverage but having a nice credit score in my back pocket is a good feeling to me.

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MaheshSharma-jnjl
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If you can't control yourself, this is sound advice, otherwise maintain a zero balance.

timothydillon
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I am 70 years old and use my credit card for all my transactions and never paid a penny interest in my life so far! You can do it just don't by stupid which is hard to do.

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durgachapagain
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I use my cc for everything and pay off the balance at the end of the month. I pay no interest but get 1.5%-5% cash back.

Julian
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Well, I buy $50k+ a month for my store using AMEX and get 720k travel miles and hotel miles annually. I just pay bill monthly and hold nothing over

dutch-boy
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vasavakrishn-vhbw
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This is good advice for most people with no self control with money. Me personally, I use my credit cards for just about everything and get that cash back, then pay my cards off so I don't get charged interest. I also have my cards on autopay just in case shit happens. I save anywhere from 2-10% on just about everything I buy, sometimes more by doing that. It adds up.

MistaWordz