THE NEW PHILOSOPHY ON CREDIT.
My own goal in this section on credit is to show you a winning philosophy for using your credit card. The average person uses their credit to increase their buying power. Then they buy all kinds of goods and services; some are needs, most are wants. The problem with this is that they always end up being deep in debt after they are done.
Remember, a major credit card is considered the same as cash. You can go to any bank or ATM machine and get a cash advance of hundreds and even thousands of dollars. You don't have to beg, work or even fill out any forms for this money. It's cash and it's quick.
Now, with all this in mind, what if I told you that a credit card is a great tool for raising short term investment capitol? Sounds kind of crazy, does'nt it? Well. you have got to think about it like this: I am going to be charged interest for using this money from my credit card, I might as well be multiplying the original money into more money and make a profit from it, right? The profit we are talking about here would be anything higher than the interest you would pay on the money advanced on the credit card. The kind of investing I am going to tell you about will always earn many times the amount you would pay.
We are not talking big stock market moves here, but small, little profit investments that make you money. For example, you come across an excellent deal on a car, motorcycle, boat, etc. for say $1000, and know the item is worth $3000 minimum. Most of us have passed on these deals because we did not have the extra cash at the time to buy. But, with this new philosophy in mind we have another chance to make money in our day to day lives.
There are several ways to use cash advance for investing in small profit ventures and I will go into them further in the credit income section. Mainly I want to get across the idea that credit cards should be used for investing only. Avoid using them for your standard purchases. You should now start collecting as many credit cards as you can for this purpose and these further files can help you do that and more.
