2min chapter

Money Guy Show cover image

10 Truths About Winning in Life and With Money (Yes, You’re Doing it Wrong)

Money Guy Show

CHAPTER

The Dark Side of Compounding Interest

When used incorrectly, debt is not a good thing when it comes to building wealth. Average credit card balance in this country right now is $5,910. That's the average amount that's carried over month over month for credit card users. If you look at the average interest rate that people pay on credit cards right now, that's what's freaking me out.

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