cash / 2 posts found
Can Credit Be More Valuable Than Money?
In this video I provide 4 reasons why credit is more valuable than money. #1 You are defined by your credit score not your ability to pay the debt back. As long as you can make the payment they will allow you to have credit. # 2 Cash is used up once you spend it that is all you have. Why credit you can have access to more as long as you are able to maintain a good credit report and consequently a good score. #3 1 Million Dollars put in a bank provides you with ten thousand a year […]
Saving Money Makes No Sense
In this video I review a great article on my favorite author Robert Kiyosaki from his popular website richdad.com The article’s title is Debt Trumps savings. The article debunks one of the most sacred cows out there and that is saving money. Now don’t get me wrong saving is good for immediate expenses and you will definitely need and emergency fund. It is definitely prudent to have at least 6 months to 8 months worth of liquid cash to cover all your monthly expenses. But after that point it really makes no sense to save cash. The Magic of compounding […]