Episode 12 - Credit Cards: From Liability to Asset
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Episode 12 - Credit Cards: From Liability to Asset
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Are your credit cards working FOR you or AGAINST you? In this value-packed episode of the Simple Dollar Podcast, financial experts Mike Donovan and Alex Rivera reveal how to transform credit cards from dangerous debt traps into powerful wealth-building tools.
With Americans carrying over ONE TRILLION dollars in credit card debt at interest rates exceeding 19 percent, understanding the correct approach to credit has never been more important. Mike and Alex break down exactly why credit cards become financial liabilities, the crucial turning point in managing them properly, and specific strategies to leverage them as assets in your financial portfolio.
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