The Money Love Podcast

30: Using Credit Cards

Feb 9, 2021

Dive into the world of credit cards, where confusion reigns supreme. Discover the conflicting advice surrounding them—boost your credit or avoid at all costs? Uncover common misconceptions and learn the benefits of responsible use. There's even a mini-course to help you master credit management and turn the tables on credit card companies. Plus, hear tips on how to earn $2,900 in perks without paying interest. It's time to take control of your financial toolbox!

38:52

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Quick takeaways

Understanding the conflicting narratives about credit cards helps individuals develop a balanced approach to using them effectively or avoiding potential pitfalls.

Responsible credit card usage can yield significant benefits, such as building a high credit score and earning rewards from everyday purchases.

Deep dives

Conflicting Beliefs About Credit Cards

Many individuals grapple with mixed messages regarding credit cards, often taught to view them as both essential for building credit and hazardous financial tools. This duality creates confusion, leading people to question whether to embrace or avoid credit card usage completely. Prominent voices in personal finance, such as Dave Ramsey, advocate strongly against credit cards, which can reinforce negative perceptions and discourage responsible use. Understanding that these conflicting beliefs often stem from upbringing and societal programming is crucial in enabling individuals to form their own balanced views on credit card usage.

Understanding Credit Cards: Myths Debunked and New Strategies

39min

It’s time to talk all about CREDIT CARDS. I’m so passionate about talking about credit cards because it’s an area of money that generates a lot of confusion. On one end you’re told “open a credit card to boost your credit” while on the other hand you’re told “avoid them like the plague”! So, which is it?

This conflicting messaging and the credit card scripts that we have picked up along the way can make using credit cards overwhelming and frankly a little scary. In this episode of The Money Love Podcast I share with you some common misconceptions about credit cards, the benefits of using them, and how to determine if you should use them as a tool within your financial tool belt.

Lastly, my new course Credit Card Clarity is HERE. This is my complete A-Z guide on credit cards that teaches you my exact system for earning $2,900 in credit card perks in 2020 while paying $0 in interest. In short, my goal is to give you the tools to become the credit card companies worst nightmare. Use the link below to snag Credit Card Clarity for only $39 in the month of February 2021.

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