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RE: KISS: Keep It Simple, Stupid (Financial Security for Dummies)

in #money7 years ago

Great article and points. For the fourth section - In the US the credit card annual interest rates is something like 20% for a lot of people meaning if someone carries the balance, they have to triple the average stock market returns to break even!!!! I am only use credit cards for crypto because I get a little squeamish about linking up with bank account to a website.

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Yes, I'm nervous about doing that too, and I don't like having my bank accounts linked to anything. It is a bit of another topic entirely, but I do not keep any more cash in the bank than necessary to pay monthly bills. The rest is converted into something that works for me.