Most people seem to think investing their money is the key to making money in the decades to come. Not necessarily so. Most stocks, mutual funds , real estate and other types of investing and business never make a dime, or lose money. Your best bet is just to sock that money away in a basic bank account, and make sure you pay off all your bills.
If you do have a credit card make sure when you get the bill to pay it off as soon as you get the bill. The interest rates are just horrendous. Mine is a Visa card and the interest rate is 22.90. Hell, a mob loan shark charges smaller interest, except the principal is never paid down.
By the way, I no longer use a credit card. I have great credit. I'm not bullshitting you.
In my last post I talked about how to save cash by buying food in bulk. Believe me it's worth it. If you are able to get coupons for food and can save more money, by all means do just that. You may think that you're being a cheapskate, but you'll be the one with more cash in your pocket, and that's an investment that's better than any stock or mutual fund in my books.
Mark
If you do have a credit card make sure when you get the bill to pay it off as soon as you get the bill. The interest rates are just horrendous. Mine is a Visa card and the interest rate is 22.90. Hell, a mob loan shark charges smaller interest, except the principal is never paid down.
By the way, I no longer use a credit card. I have great credit. I'm not bullshitting you.
In my last post I talked about how to save cash by buying food in bulk. Believe me it's worth it. If you are able to get coupons for food and can save more money, by all means do just that. You may think that you're being a cheapskate, but you'll be the one with more cash in your pocket, and that's an investment that's better than any stock or mutual fund in my books.
Mark
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