Here’s a frightening thing. Collect your credit card statements for one month and check out how much of the minimum payment is interest. Let’s say your minimum payment is a hundred bucks. Chances are $78 dollars of the minimum payment is interest.
If your minimum payments total one thousand dollars $780 of it is interest. Can you imagine for just a moment what you could do with an extra $780 a month?
When you owe money you’ve got to pay interest to someone on the money you owe. Think long and hard about it. Paying interest to someone else stinks. Its plain and simple.
Every time you pay off one of these credit card shysters you empower yourself and free up more of your hard earned money.
Get rid of the credit cards and begin to free yourself of not only your money but also your peace of mind.
David Dassow
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