360 | A Primer for Success
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Credit Cards Can Be Your Best Financial Tool or Weapon of Mass Destruction, Right?
Cusefi: Credit cards can be your best financial tool, or a weapon of mass destruction. At 15, 20, 25 % annual interest rate on most credit cards, you're going to be in a compounding interest death spiral,. And it's very, very hard to get out once you start. Most people can get close to a free vacation every single year, maybe one or two vacations, depending on how much they spend.
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