How many opinions have you heard on why credit cards are bad? They are designed to get you into debt. They take forever to pay off. You shouldn’t spend money you do not have. Interest is expensive. They are a trap!
While these accusations are not necessarily false, they do not have to be true either. If you pay off your credit card by it’s due balance a credit card can provide many benefits for you.
If you know how to make a credit card work for you, what could that create for your financial reality? Gary Douglas, the founder of Access Consciousness encourages people to ask: how can I use this to my advantage?
Credit cards are a magnificent tool if you use them to your advantage. They do not have to be used unconsciously and get you into a lot of debt. They can be used to create you more money if you learn how.
I like to travel a lot and so I look for credit cards that earn me frequent flier points for my favourite airlines. You can also find credits that give you perks for all kinds of things. What if every dollar you spent gave you a discount on your groceries or a discount on an online shopping site? There is a huge variety of benefits for credit cards.
They also can be used to build up a good credit rating if you ever desire to get a loan. Not only are you more likely to be approved, you often can pay less if you have a good rating. Also, you sometimes can get alone with up to 55 days interest free if you know how to go about it. Again, a loan is something that you can use to your advantage if you use it well.
What if credit cards were not evil and what if it were not true that you are even spending money you did not have?
If you would like to learn more tips and tricks on how to use financial tools to your advantage, join me on my tele class Work The System this month!
People are often under the misconception that wealth is just money – cold hard cash.
Actually, wealth in itself is a lot more than that. Wealth is made up of not only cash, but items of intrinsic value.
These are items you could sell if you wished and would generate a good sum of money.
These might be antiques – that table your great aunt Jemima left you could be worth $$$.
It is art, sculpture, collectible china, antique furniture, stamp collections, medal collections and even old children’s story books.
It is also precious metals, ie gold, platinum and silver, precious stones- diamonds, sapphires, rubies and emeralds.
You will see that you may already be wealthier than you first thought. The more obvious forms of wealth are stock and shares, real estate and fixed interest investments.
What is it that you have in your life that is valuable to others? Do you have hidden wealth in your home already that you have not acknowledged?
How wealthy are you really? Add up your valuables and find your number!