7.Avoid using credit cards.

If you carry a credit card in your wallet, it encourages you to make impulse purchases, whether or not you have the money to do so. However, using a credit card to make transactions entails utilising cash that is not truly available. Furthermore, you will pay significantly more for your purchases due to the reality of high interest rates.

The worst investment you can make is a credit card. that whatever return I may receive from putting that money in the stock market would be outperformed by the amount of money I save on interest by not having debt. I believed I would be an expert in the stock market. Before I wasn’t. Every 30 days, I ought to have paid off my credit cards.Cuban, Mark