The MONEY Expert: The Simple Plan That Made Me A MILLIONAIRE (ANYONE Can Do THIS!) | George Kamel
The School of Greatness
The Perverse Impact of Credit Card Rewards
Credit card cashbacks mainly benefit the wealthy and educated at the expense of the poor and uneducated, according to a Federal Reserve study. While some may argue that they are not harming anyone by enjoying these rewards, the study reveals that the poorest and least educated individuals end up footing the bill for others' flights and cashbacks. This inequitable system prompts a critical question about the morality of participating in it. The primary source of financial stress for most people is the fear of the unknown, particularly amidst economic uncertainty and external noise. Finding peace in personal finances involves focusing solely on what can be controlled and ignoring external distractions.
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