-
▼
-
▼
Let’s break down the pros and cons of the tool we love to hate: the credit card.Is there any advantage to using one? How many millionaires regularly pay with credit cards? Is there a SAFE way to use credit? We’re answering all of this, plus sharing our personal experience with credit card usage. Whether you’re a credit-card-aholic or a financial mutant, this episode will help you assess and maximize your current relationship with debt, spending, and credit.
Interested in learning more about how to use credit cards responsibly and maximize benefits? Check out our credit card hub.
In this episode, you’ll learn:
- Credit card basics – how to use them the right way
- Where credit cards came from
- When NOT to use a credit card
- What to look for in a good credit card
- What’s inside Brian and Bo’s wallet
Research and resources from this episode:
- Department Store Charge Cards (The Department Store Museum)
- Cash vs Credit Card Spending Statistics (2021) (Fundera)
- New Report: How Credit Card Debt Impacts the Average American (Clever)
- Credit Card Debt in 2020: Balances Drop for the First Time in Eight Years (Experian)
- The Man Who Turned Credit-Card Points Into an Empire (New York Times)
- Does Using a Credit Card Make You Spend More Money? (Nerd Wallet)
- Largest collection of valid credit cards (Guinness World Records)
- Here’s a guy who has 1,497 credit cards (USA Today)
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
The 3 Biggest Financial Traps You Need To Avoid
When it comes to building wealth, Americans are often their own worst enemy. On average, residents in the US have more disposable income than any...
Articles
When Should You Refinance Your Mortgage?
More than 1 in 5 Americans have a mortgage rate over 6%, which is greater than the share of the country with a rate under...
Articles
How To Prepare for Student Loan Payments Increasing
About 43 million Americans have federal student loans, and many borrowers face financial difficulties due to their loans. Student loan debt has significantly impacted the...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
The Millionaire Playbook Just Got an Upgrade
The updated Millionaire Mission paperback is finally here! See what's new, plus watch our live answers on job changes, student loans, car payments, retiring early,...
Episodes
When Is It Finally Okay To Enjoy Your Money?
Did two CPAs in the messy middle make the right call by swapping accounting for an electrician apprenticeship? In this inspiring new episode, see how...
Episodes
We Had 5 Minutes To Help These Strangers With Money
Can you build a financial plan in five minutes? In this powerful episode, we give five strangers quick financial plans for student loans, credit card...