When you borrow, compound interest is working against you. Credit cards can be 10% to 25% interest! Once you borrow at those high rates, the credit card company says you only have to make a minimum interest payment, because they don’t want you to pay the money back. Why? The magic of compound interest is working for them, and against you.
Give your financial life a chance. Do what you have to do to get out of credit card debt as quickly as possible and don’t go back.
Maxed Out
takes viewers on a journey inside the American style of debt. The film shows how the modern financial industry really works and tells us why the poor are getting poorer while the rich keep getting richer. Hilarious, shocking and incisive.
https://www.amazon.com/Maxed-Out-James-D-Scurlock/dp/B001F4YOR0
Amen Larry! I teach Financial Fitness at our community college and it feels great to help people OWN their lives. Having credit card debt means you wake up every morning in a negative situation financially! The program comes in a green box in English- Spanish and French and can be shipped anywhere! Being the boss of your finances, relieves stress and allows for other areas in your life to grow…