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Ditch Your Credit Cards to Make More Money

Nour Boustani
5 min readAug 20, 2022

Today is a dull day for me; let’s play a little game and have some fun, shall we?

I call this game the greedy bankers and the desperate consumers. To play, I’m going to tell you a set of numbers, and you guess the winner from the loser, ready?

  • The credit card industry in the united states for 2022 is $165.2 Bn.
  • The average American credit card debt is $5,221.
  • 15% of Americans have been in credit card debt for 15 years.
  • The average interest rate of credit card debt is 20% of compounded interest.

Can you guess who the winner and loser are in the game? I believe your middle school math is good enough to figure it out.

Okay, enough playing; let’s get back to being serious and boring.

Credit cards are one of the biggest reasons why most people go broke, not “ONLY IN AMERICA” but in the entire freaking world. I confess that I have a hate, love relationship with credit cards.

On the one hand, I desire them so much like wanting a wild woman laying over the edge of a curvy swimming pool but never going to bed with her because I know she will empty my wallet.

Most banks are institutions run by a group of bitches that leverage human emotions to make easy…

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Nour Boustani
Nour Boustani

Written by Nour Boustani

Hit the sweet spot or leave it be.

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