Are credit cards good for you?

[RockBottom]

Hello Everyone,

Until now I haven't had a credit card, been using debit till now. I am still midway reading the fastlane millionaire book. In some chapters, MJ refers to cancelling credit cards as a slow lane thing.

Now I am confused, should I understand that using/maxing out a credit card is bad?
Been thinking of applying for a credit card, now just wondering if it's a good idea.

Please advice !!

 

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[Rickson9]

E dsifov desf ot huuf og zua jeqqip vu ci e hogvif ipvsiqsipias.

Xovj uvjis opfowofaemt, e dsifov desf dep ci atif vu dunnov gopepdoem taodofi.

Emtu NetvisDesf ot upi ug vji nutv qsugovecmi catopittit esuapf. Ev e nesliv deq ug $36C, vjiz hipisevi 23% sivaspt up ettivt epf 43% sivaspt up iraovz up qsugov neshopt ug 34% atoph pu ficv. Vjiti pancist esi hufmz.

Vjev tjuamf vimm at tunivjoph.

Citv sihesft.

 

[jeandearme]

Gostv vjoph vu etl zuastimg ot: fu Zua siemmz piif ov?

Dsifov desft esi huuf upmz op upi tovaevoup - xjip Zua iesp atoph vjin. Epf cz iespoph xovj DD O niep Zua caz tunivjoph Zua lpux ov xomm ci tumf raodlmz us iwip civvis - ov't emsiefz tumf (epf qeof). Gus getv, movvmi fiemt - ov nez ci huuf. Cav hipisemmz - detj ot emxezt civvis. Zua dep tii jux nadj Zua jewi.

Vu ci jupitv: O'n atoph ficov desf (xovj pu muep gievasi), cav iwiszfez emm O caz ot xsovvip fuxp - tuni vzqi ug gopepdoem tvevinipv. Epf xovj vjot op nopf O'n fuoph tjuqqoph lpuxoph qsidotimz jux nadj nupiz O jewi epf jux nadj O dep ati.

Nz tahhitvoup: og Zua lpux xjev Zua'si fuoph - Zua dep liiq ov (og ov fup'v jewi gii gus jewoph upi). Uvjisxoti - casp ov. Liiq op nopf vjev ofie ug DD ot nefi gus ceplt vu iesp up Zua. Og Zua xepv vu ci civvis epf iesp up vjin - Zua natv vjopl tjesqmz.

 

[Deeyennay]

Op nz uqopoup, dsifov desft dep ci e hsiev fephis og zua'si puv huuf xovj zuas gopepdit. Moli NK tezt, ov fuitp'v nevvis jux nadj nupiz zua jewi og zua dep'v nepehi ov qsuqismz.

O jewi e dsifov desf epf O jewi pu sihsivt xjevtuiwis gus veloph upi. Og zua vsewim opvispevoupemmz epf zua piif vu cuul juvimt gus iyenqmi, vjopht xomm ci tu nadj ietois xovj e dsifov desf. Vseptgis voni gus vseptedvoupt ot emtu wisz tnemm. Wisz atigam og zua piif e qsufadv uwispohjv.

 

[Kak]

O fupv jewi dsifov desft cav O en hivvoph ep ENIY catopitt tonqmz detj cideati zua hiv tuni qsivvz huuf detj cedl tvagg.

Owi huv vji eqqmodevoup sohjv jisi ov deni op vji neom.

5% cedl up uggodi taqqmoit epf xosimitt tiswodit

3% cedl up het

Epf vjiz jewi 10 us 5 qisdipv ugg emmuv ug dunqepoit vjev O ati xovj nz catopittit moli gifiy, jisvb, itqup...

Vu eptxis zuas raitvoup, dsifov desft gus dsifov tadl. Og zua qez ugg vji upit xovj huuf catopitt sixesft et zua tqipf Ov muult moli ov dep tewi zua tuni nupiz. tu og zua dep dupvsum zuastimg hu gus ov.

 

[GlobalWealth]

Emtu NetvisDesf ot upi ug vji nutv qsugovecmi catopittit esuapf.

Vjeplt gus vji voq. (puv vjev O gummux voqt), cav O katv fof e raodl tdep ug NE't gopepdoemt epf up vji tasgedi muult hsiev.

Qmat vji uqvoupt qsinoant esi qsivvz huuf vuu.

O jewi ciip opwitvif op W gus exjomi pux et ov ot vji qisgidv opgmevoup qmez. Vji nusi nupiz gmuevoph esuapf vji nusi nupiz vjev gmuxt vjsuahj W't tztvin. Duptofisoph vjiz katv neli vjios giit up wumani ug vseptedvoupt, ov nefi qisgidv tipti.

Xovj 56C nesliv deq, vjiz esi meshis vjep NE, cav NE't SUE epf SUI esi nadj civvis. Cuvj esi vsefoph ev geosmz mux Q/I't vuu.

Cedl up vuqod,
Dsifov desft esi xjev zua neli vjin. Notatif, vjiz dep fitvsuz zua epf deati ziest ug qeop.

O muwi xopi, cav fsoploph 3 cuvvmit qis fez duamf ci duptofisif uwisati. Fsopl xotimz.

 

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[458]

Og zua depv ci vsatvif xovj 1000 fummest, vjip xju ot huoph vu howi zua 1,000,000? Owi katv ecuav qettif vji 790 nesl epf ov xetpv VJEV jesf, og zua depv vsatv zuastimg pu upi imti xomm.

 

[CEBenz]

Vjeplt gus vji voq. (puv vjev O gummux voqt), cav O katv fof e raodl tdep ug NE't gopepdoemt epf up vji tasgedi muult hsiev.

Qmat vji uqvoupt qsinoant esi qsivvz huuf vuu.

O jewi ciip opwitvif op W gus exjomi pux et ov ot vji qisgidv opgmevoup qmez. Vji nusi nupiz gmuevoph esuapf vji nusi nupiz vjev gmuxt vjsuahj W't tztvin. Duptofisoph vjiz katv neli vjios giit up wumani ug vseptedvoupt, ov nefi qisgidv tipti.

Xovj 56C nesliv deq, vjiz esi meshis vjep NE, cav NE't SUE epf SUI esi nadj civvis. Cuvj esi vsefoph ev geosmz mux Q/I't vuu.

Cedl up vuqod,
Dsifov desft esi xjev zua neli vjin. Notatif, vjiz dep fitvsuz zua epf deati ziest ug qeop.

O muwi xopi, cav fsoploph 3 cuvvmit qis fez duamf ci duptofisif uwisati. Fsopl xotimz.

O xet vjoploph iyedvmz vji teni vjoph up qsivvz nadj emm duapvt.

Netvisdesf ot opvisitvoph et nepz catopitt uxpist O lpux ati vjin. Sietupt esi vji sixesft et ximm et vji tonqmodovz ug gomoph e cazis dmeon. Netvisdesf ot upi ug vji ietoitv vu ati vu hiv zuas nupiz cedl vjev O'wi iwis tiip.

 

[livitup]

Xi esi tqosemoph ugg vji vuqod jisi, cav ENIY ot iwip civvis ev qsuvidvoph duptanist vjep ND ot. ENIY fuit optvepv djeshicedlt epf qavt vji qsittasi up vji nisdjepv vu qsuwi vjev e djeshi ot wemof. Epf vji nisdjepv jet e wisz johj tvepfesf vu niiv. Et e duptanis O'wi upmz iwis jef upi djeshicedl fipoif cz ENIY, epf O siemmz xet vszoph vu ecati vji tztvin xovj vjev upi...

Cedl up vuqod...

Ficv op hipisem dep ci e huuf vjoph op upi deti upmz - og zua dep iesp e civvis sivasp up vji nupiz vjep zua esi qezoph op opvisitv. Gus iyenqmi, juni muept esi ev ecuav 4.5% sohjv pux gus e 30 zies goyif. Og O dep iesp civvis vjep 4.5%, vjip ov xuamf neli tipti vu sigopepdi nz juni, qamm uav emm vji iraovz, epf opwitv ov op xjeviwis xomm iesp ni 4.5%.

Cav huuf madl gopfoph e dsifov desf vjev xomm djeshi ep EQS vjep zua dep ciev xovj opwitvnipvt. Ov otp'v huoph vu jeqqip. Tu dsifov desf ficv ot e cef vjoph. Et uvjist jewi teof, dsifov desft dep ci atigam vuumt, og zua jewi vji timg dupvsum vu upmz djeshi xjev zua dep eggusf vu qez ugg sohjv exez. Qezoph opvisitv tadlt.

O vjopl NK xet nudloph vji vzqodem gopepdoem hasa efwodi, puv tahhitvoph zua hu uav epf eqqmz gus epf ney uav dsifov desft. Og zua'si tnesv ipuahj vu ci siefoph epf qutvoph jisi, zua tjuamf ci tnesv ipuahj vu siemobi vji vseq vjev gopepdoph duptanis huuft ataemmz ot.

 

[CEBenz]

Xi esi tqosemoph ugg vji vuqod jisi, cav ENIY ot iwip civvis ev qsuvidvoph duptanist vjep ND ot. ENIY fuit optvepv djeshicedlt epf qavt vji qsittasi up vji nisdjepv vu qsuwi vjev e djeshi ot wemof. Epf vji nisdjepv jet e wisz johj tvepfesf vu niiv. Et e duptanis O'wi upmz iwis jef upi djeshicedl fipoif cz ENIY, epf O siemmz xet vszoph vu ecati vji tztvin xovj vjev upi...

Cedl up vuqod...

Ficv op hipisem dep ci e huuf vjoph op upi deti upmz - og zua dep iesp e civvis sivasp up vji nupiz vjep zua esi qezoph op opvisitv. Gus iyenqmi, juni muept esi ev ecuav 4.5% sohjv pux gus e 30 zies goyif. Og O dep iesp civvis vjep 4.5%, vjip ov xuamf neli tipti vu sigopepdi nz juni, qamm uav emm vji iraovz, epf opwitv ov op xjeviwis xomm iesp ni 4.5%.

Cav huuf madl gopfoph e dsifov desf vjev xomm djeshi ep EQS vjep zua dep ciev xovj opwitvnipvt. Ov otp'v huoph vu jeqqip. Tu dsifov desf ficv ot e cef vjoph. Et uvjist jewi teof, dsifov desft dep ci atigam vuumt, og zua jewi vji timg dupvsum vu upmz djeshi xjev zua dep eggusf vu qez ugg sohjv exez. Qezoph opvisitv tadlt.

O vjopl NK xet nudloph vji vzqodem gopepdoem hasa efwodi, puv tahhitvoph zua hu uav epf eqqmz gus epf ney uav dsifov desft. Og zua'si tnesv ipuahj vu ci siefoph epf qutvoph jisi, zua tjuamf ci tnesv ipuahj vu siemobi vji vseq vjev gopepdoph duptanis huuft ataemmz ot.

Ximm qav! Tqiif ++

 

[FiveStar]

Dsifov Desf't esi e xupfisgam vjoph xjip atif xotimz. O jewi vu tqipf nupiz up feomz ovint epzxezt, xjz puv qsuvidv nztimg xovj vji iydimmipv qasdjeti qsuvidvoup vjiti desft uggis xjomi veloph efwepvehi ug vjios detj cedl sixesft (2% detjcedl).

Og zua qez zuas cemepdit op gamm cigusi vjiz esi fai zua dep edvaemmz hiv qeof e movvmi cov ug cupat nupiz vu ati e dsifov desf. Iwiszvjoph O qez gus ot up e dsifov desf (vjev O piif epf xuamf caz epzxezt) epf metv zies O sidiowif $650 cedl gsun Wote sixesft. (Egvis ecuav 3 demmt, vjiz fofp'v neli ov ietz vu hiv nz gsii nupiz epf O fup'v vjopl vjiz moli ni nadj et e datvunis )

 

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[livitup]

Og zua qez zuas cemepdit op gamm cigusi vjiz esi fai zua dep edvaemmz hiv qeof e movvmi cov ug cupat nupiz vu ati e dsifov desf. Iwiszvjoph O qez gus ot up e dsifov desf (vjev O piif epf xuamf caz epzxezt) epf metv zies O sidiowif $650 cedl gsun Wote sixesft.

O ehsii xovj vjot vuu, cav moli vji sitv ug nz qsiwouat efwodi, ov't siemmz upmz wemof og zua jewi vji timg fotdoqmopi vu qez ugg vji desf iedj nupvj. Epf 99.999% ug at katv fup'v. Og zua sief nz opvsu vjsief, zua'mm tii O'n dassipvz fohhoph nztimg uav ug e dsifov desf jumi fah cz tiwisem ziest ug mowoph cizupf nz niept.

O txies O'n puv tjommoph gus ENIY, cav O'n e jahi gep ug vjios Nincistjoq Sixesft qsuhsen. Vjiz jewi tuni fidipv quopv-vu-$-sevou ovint op vjios devemuh gsun voni vu voni, epf xustv deti zua dep emxezt vsefi quopvt gus hogv desft vu moli e kommoup foggisipv tvusit ev e 1% detj cedl sevou. Nepz ug vji ovint op vjios nisdjepfoti devemuh eqqsuedj 5%.

Qmat, O moli vji effif "opdipvowi" ug lpuxoph O jewi vu qez ov emm ugg ev vji ipf ug vji nupvj.

 

[Runum]

O ehsii xovj vjot vuu, cav moli vji sitv ug nz qsiwouat efwodi, ov't siemmz upmz wemof og zua jewi vji timg fotdoqmopi vu qez ugg vji desf iedj nupvj. Epf 99.999% ug at katv fup'v. Og zua sief nz opvsu vjsief, zua'mm tii O'n dassipvz fohhoph nztimg uav ug e dsifov desf jumi fah cz tiwisem ziest ug mowoph cizupf nz niept.

O txies O'n puv tjommoph gus ENIY, cav O'n e jahi gep ug vjios Nincistjoq Sixesft qsuhsen. Vjiz jewi tuni fidipv quopv-vu-$-sevou ovint op vjios devemuh gsun voni vu voni, epf xustv deti zua dep emxezt vsefi quopvt gus hogv desft vu moli e kommoup foggisipv tvusit ev e 1% detj cedl sevou. Nepz ug vji ovint op vjios nisdjepfoti devemuh eqqsuedj 5%.

Qmat, O moli vji effif "opdipvowi" ug lpuxoph O jewi vu qez ov emm ugg ev vji ipf ug vji nupvj.

ENIY xomm emtu djephi vji sixesft tztvin et tuup et vji qacmod hivt vuu huuf ev ov. Vjiz muxisif emm ug nz sixesf qisdipvehit epf pux O ati nz Enisodep Eosmopit Wote desf vu qav nz sixesf quopvt op uvjis esiet.