445: Are Credit Cards Weapons of Mass Financial Destruction by Sam of Financial Samurai

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 10 November 2017

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam of Financial Samurai shares his opinion on credit cards and using them the right way. Episode 445: Are Credit Cards Weapons of Mass Financial Destruction by Sam of Financial Samurai (The Right Way to Use Credit Cards). Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/are-credit-cards-weapons-of-mass-financial-destruction Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.
0:08.0	Like sneaking some chili into the gravy for some extra oint, or building a playlist that will even get your
0:14.8	none up on the table or just cracking open an ice cold Pepsi Max.
0:20.1	Christmas. Better with Pepsi Max.
0:25.0	The new Samsung Galaxy Z-Flipive and Chromebook are better together.
0:33.6	Take hands-free selfies which automatically sync to your Chromebook,
0:37.0	ready to edit, and access recent Chrome tabs across both devices.
0:41.0	The new Galaxy Z Flip-5 and Chromebook, better together.
0:45.0	Available on Sky Mobile.
0:46.8	Bluetooth and internet connection required.
0:48.8	You must be signed into the same Google account on both your phone and Chromebook.
0:54.2	This is Optimal Finance Daily episode 445, our credit cards weapons of mass financial destruction
1:01.1	by Sam of Financial Samurai.com.
1:04.0	And hi again everybody, I'm Dan, your host and narrator here on the show.
1:07.4	Happy Friday to all of you.
1:09.4	For now, let's hear from Sam as we optimize your life.
1:14.0	Are credit cards weapons of mass financial destruction
1:20.0	by Sam of Financial Samurai.com
1:24.0	The answer depends on if your name is Saddam Hussein,
1:27.0	although proponents would say no proof was ever found.
1:30.0	You hear so many stories of consumers up to their eyeballs in credit card debt, and I'm just wondering why.
1:36.0	Credit card debt is the most expensive debt out there, second only to usurious rates of loan sharks.
	...

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