Easiest Way to Earn Highest Returns!

Imagine! If I offered you an investment opportunity with a?GUARANTEED?return rate of 30%, 38% or even 48%. Even if you were short of money, I suspect that you would find a way to grab this investment opportunity.

What if I told you that you could make the same amount of money by paying down your credit card debt? Now! You will find several excuses to justify why that won’t be possible right now.

A credit card as a tool is supposed to make your life easier by financing your purchases to enable you to enjoy your money just a few days before you earn it. However, we get into a trap of not paying the entire bill as our wants never decrease.

We are humans; we have an unending desire to buy more and more stuff. Be it the newer version of your smartphone, the latest tech-enabled Air Pods or a new car. We all want to enjoy life to the fullest and fulfil all our desires with bank’s money.

Banks are in the business of lending & earning a liberal return on their money. They indeed offer you an interest-free credit period of 50 days. However, they play with your mindset of not worrying about the money while making impulsive decisions. This 50 days period is not a favor done by banks; these banks also earn commissions on the products you buy using your credit cards from the merchant companies. It’s a WIN-WIN business for them.

Credit card debt carries an interest rate of upwards of 48%pa. If you cannot pay the bills on time, this is a guaranteed interest rate that you have to pay. Paying your credit card bills on time ensures you don’t pay hefty interest.

So next time you evaluate an investment option. Think about paying off your credit card debt to give yourself an unmatched guaranteed return.

Word of Wisdom

“The Money Not Spent is the Money Earned”. When you save yourself from this interest, you technically make that return on your money.