"Compound interest is the eight wonder of the world. He who understands it, earns it... and he who doesn't...pays it"

I truly believe that compound interest is a form of modern day slavery. I cut up all my credit cards and avoid anything at all that has to deal with interest. I believe that if you are paying interest then in a way.... you are a slave. Take a look at your auto loan that accrues interest daily or that large credit card balance that you have. Some credit card statements even give you a time frame of when you will pay back the loan if you pay x amount of dollars. If you ever took the time to do the math and really broke everything down its absurd what you end up paying. Stay away from paying interest my friends... Look to be the one collecting the interest and not the one paying.