Credit Card People

People always ask me:

“Should I use a credit card?”

And for most people, I would say NO. 

DEFINITELY NOT. 

STAY AWAY. 

DEATH.

However, it’s not a matter of whether or not you should use it…

But whether you’re the type of person who can use it.

Here’s what I mean:

If you watch any of my Financial Audits, you might hear me call someone either a “credit card person” or “not a credit card person” when I go through their credit card statements.

You see, a credit card person lives within their means and uses a credit card like a debit card…

They don’t overspend, they’re responsible with their monies, and pay off their card before the end of the billing cycle. 

That way, they can build their credit and get points on what they buy without the downside of using a credit card – paying interest. 

(Winner, winner, chicken dinner (as in not being a dumb a*s)) 

LOTS OF PEOPLE don’t fall under this category. 

Instead, most fall under “not a credit card person”.

This type of person either:

  • Lives like a credit card person but doesn’t pay off their card in time/always leaves a balance on the card or…
  • Lives above their means, overspends, and doesn’t pay the card off in time

Now, this happens to the best of us – even me. 

Back in high school and college, I never looked at how much I was spending on my credit card. That McDees got me HARD. As you can guess, I ended up overspending and having to pay off the debt. 

In other words:

I was f**ked. 

But here’s what I did to become a credit card person: 

I only made purchases with my debit card. 

That way, I could only spend the monies I was making. This is what I recommend for anyone trying to avoid interest payments and manage their money right.

“But Caleb, you’re like, one of the smartest people I’ve ever met with their finances. What debit card do you use?” (No one actually says this, but I like to pretend they do.)

You can search and find cards that are right for you. 

Some help build your credit. 

Others offer cash bonuses when you sign up.

Just find one that works for you and make sure you only spend what you make.

I can’t stress enough how important that is – even though it seems so simple. 

Just do that and you’ll be ahead of many, many people. 

Taquitos,

Caleb Hammer

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