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Ditch Your Credit Cards to Make More Money
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…