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TOPIC: Business And Finance

TITLE: Credit Card Wealth Secrets And Ideas

Article:

Credit Card Wealth Secrets And Ideas by: Steve Gillman

'Credit card wealth secrets,' the ad read. I assumed it was yet another over-hyped unworkable scheme. It probably was, but it made me remember the times in my life when I have used credit cards to make money.

As Robert Kyosaki says, there's 'good debt' and 'bad debt. Borrowing for consumer items is bad-debt. You limit your future options, and you get less in life. It seems like more, because you get it now, but with interest, and the tendency to pay more when buying on credit, you'll never be able to buy as much as those who pay cash.

Credit card wealth secrets have to revolve around the idea of 'good debt.' This is any borrowing that increases your income, or produces capital gains. So how do you get your credit cards to start doing that for you?

Credit Card Wealth Creation

A good friend once borrowed $'6

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