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What Does Confidence Have to do With Your Credit Cards?

By Deidre Shirley
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What Does Confidence Have to do With Your Credit Cards?

Well, most people today agree that the more confident you are actually could result from knowing you are making money with your credit, and not just using your credit against you. How do you make money with your credit? Well, most people get low zero to five percent interest credit cards, take out the maximum amount on them and either invest the money in flipping houses or in high-yield savings accounts.

Now I am a high-yield savings account kind of girl. Takes half an hour of research to find the bank or institution paying the highest amount for your dollar, and invest for the amount of time you have before your introductory rate on your credit card expires. As long as you don’t forget to take your money out of the investment to pay of the credit card, this option is easy and virtually risk-free.

Now I wish I was a flipping houses type of gal. The yield is higher, but so is the time and risk involved. With a new baby girl and a worrisome mind that is scared of failure, I am dreaming of flipping houses, while partially knowing that I probably never will.

Either way you invest, you can be confident that you will start to see more green and your financial confidence will be sound.


Published: Thursday 11th of September 2008 03:29:45 PM

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