Could You Live off Credit Card Rewards Points? This man is. (VIDEO)
Could you live off the rewards points and frequent-flier miles you’ve racked up on your credit card over the years? This man is. He’s a former executive from Southern California who’s become homeless since the bottom fell out of the economy in 2008.
He’s so far managed to keep his food bill to around $5 per [...]
Avoid These 5 Credit Card Rookie Mistakes!
Rookie mistakes can affect anyone from major athletes to novice investors, even presidents. There’s a reason experience is so important in many facets of life; we learn from our mistakes.
Some would argue that making mistakes is important expressly for the purpose of learning so that we can become better people, but I’ve often thought that [...]
How The Credit CARD Act Of 2009 Might Be A Bad Deal.
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 has received much favorable press since it was enacted, and rightfully so in many cases.
There have been cases where unethical credit card companies have attempted to skirt the new regulations, but here’s another why in which the new regulations may negatively impact credit card [...]
Frightening U.S. Credit Card Debt Graphic!
Here’s an absolutely frightening graphic showing the growth of credit card debt in the U.S. from 1970 to today (and beyond).
The graphic is courtesy of Man vs. Debt.
I think it really hammers home two points:
How much the American consumer has become dependent on credit cards over the past 40 years.
That the increase in the amount [...]
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