PDF-(BOOK)-Rich Dad\'s Guide to Becoming Rich Without Cutting Up Your Credit Cards: Turn Bad

There are financial experts who advise people to take out their credits cards and cut them up And that may be a good plan for someone who is financially irresponsible its not great advice for someone who wants to build wealth and become financially free Cutting up your credit cards wont make you rich learning to leverage and manage debt willIf a person has a solid financial education they will know that there are two kinds of debt good debt and bad debt A person who understands debt will know how to use good debt to make them richer faster And when we take control and learn to manage bad debt seeing it for what it is and understanding the toll it can take if abused we are on the road to financial freedomLearn how to make your money work hard for you instead of you working hard for money all your life Understanding debt and how to use and leverage it is an important first step. Tuesday, Jan 21. st. Class Overview. Intro to Credit. Story. Credit Card Debt. Consumer Credit. Dangerous Debt Practices. Credit Card Debt. Credit has become an essential financial tool and a convenience. http://www.youtube.com/watch?v=Y8B5XsTm35c&feature=related. Credit on Campus - . http://www.youtube.com/watch?v=5RgNBIWR8Uo&feature=relmfu. Build Credit at a Young Age - . http://www.youtube.com/watch?v=gkpqzyZMg4o&feature=related. IN 4 EASY STEPS. Oraynab Jwayyed @ www.businessinterludes.com . 1. . Pay . down. . your. . debt . . .. Tackle those looming balances by paying them off on time. Can’t pay the whole balance? Pay more than the minimum every month. Agenda. Start time: ____ . Break time: ____ (10 minutes). End time: ____.  . Please set phones to silent ring and answer outside of the room.. How I Feel About Credit and Debt. How do you feel about being in debt? Here are some sample statements. Check the one that is closest to your own attitude.. nd. at 10 am and 7 pm . Debt-free Living with a Modest Incom. e. Each person has the potential to grow their finances much like a tree. The goal is to live a debt-free life, no matter what their income level. Here are 11 things financially successful people do.. Mansfield University TRiO. . Melissa Wise. -First Citizens National Bank. Credit TOPICS. Credit. Credit Scores. Using Credit Wisely. Credit Cards. Credit Programs. According to Citibank, “There are presently 5 to 7 million Americans who are financially overextended.”. Outstanding money owed by consumers. Examples. Credit Card Debt. Student Loans. Mortgages. Why Is This Important?. Americans Love Debt. At the end of 2010, Americans had $1,117,000,000 in CREDIT CARD DEBT. Name, county, and date here. All Credit is Not Equal. Affordable Credit. vs. .. Too . Much Credit. When you use credit,. you’re spending money . before . you earn it. .. Types of . Credit:. Revolving Credit Account. 1. Vocabulary. Annual Fee. Annual Percentage Rate (APR). Credit. Debt Snow Ball. Depreciation. Tax Deduction. Journal: Define the vocabulary then explain the correlation to the following activities:. What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?. by . T. Current as of September 2014. U.S. household consumer debt profile:. Average credit card debt: . $15,607. . Average mortgage debt: . $153,500. . Average student loan debt: . $32,656. . In total, American consumers owe:. What are things you want to buy right now?. Are they wants or needs?. What is Debt?. When someone owes more money than they have.. Questions to Ask your self before spending. Can I afford it?. How will I pay for it?. Credit Card Debt Good vs. Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate: 16-17% When credit card bills are paid off within a month, no interest is paid DEBT. A . debt is an amount of borrowed money by one party from another. .. SECURED: covered by a lien on collateral. Mortgage. Car loan. UNSECURED: not covered by a lien on collateral. Personal loans.