When it comes to credit cards—there’s an important topic to consider: the minimum payment trap. Millions of Americans think they’re doing just fine as long as they make the minimum payment each month. But, believe me, if that’s all you’re paying you’ve already [...]
I speak fondly and gratefully about what Tom Brokaw called “The Greatest Generation.” These were the young people of the early forties who gave up their own youthful dreams and fought a world war. Their efforts are the basic reason German and Japanese [...]
Having spoken to thousands of debt-ridden Americans, I’m convinced that credit cards are one of the most misused financial products in the country. I see more pain, sin, marital problems and mental illness due to credit card problems than any other single source. [...]