Credit Cards Take Control

Credit Cards Take Control of them now before they take control of you.
Unfortunately in school in the past and even at present financial education is not very high in the teachers priority list why is that? We may ask ourselves.
Would it be anything to do with the fact that the teachers who teach are trained to be employees they are like robots that work for the government.
They do the same thing every day for maybe up to 40 years of their lives and then retire expecting the government to give them a good pension like their parents taught them.
The best thing about it is these are the people who control our childrens education.
It is wonderful for our children to learn to read write spell and communicate.
But when they leave school they are like robots looking for a 9-5 job like their teachers.
What is a Mortgage how do Credit Cards work these are things children know nothing about after wasting 10 years of their life being taught Algebra,How to draw a coke can,and doing a sport they don't like in their Physical education Class.
Even though I grew up and was sent to a school where these principles where taught, I have tried to get rid of these limiting crazy ideas.
I don't want to be a part of this herd because I don't want to be financially slaughtered listening to financial advisors giving advice about how to invest when all they have is a job with a commission based salary.
So that when they sell you a pension or a mutual fund they get a £1000 Commission Before they pay tax this works great for them in a booming economy but what about right now.
In a recession how safe is their job or company I reckon some of the herd are getting slaughtered right now as you read this.
Credit Cards are a great tool for making money but only if you know what you are doing the herd uses them to buy holidays designer clothes and new cars which drop 3k as soon as they leave the showroom.
I wonder is this something to do with the financial education they received in school?
If you want to be financially free and wealthy you should learn to make your money be an employee not you.
Remember rich successful people have alot of employees whether it be people working to make them money or money working they do not exchange their time for money.
You have only so many hours in the week in which you can work so there is a limit on your earnings as an employee.
You can have as many properties or investments in which your money is working for you as you can buy or borrow the money to buy just make sure they cashflow cover the expenses and leave at least a 30% cash on cash profit 5% returns in the bank are for financial dummies the earnings potentials are limitless.
Not to mention employees are the most highly taxed individuals which ensures they also lose another 25 to 40% of their income to the government.
Before they get to invest or spend it.
So if an employee tells you to cut up your credit cards and play it safe remember what they do for a living and ask yourself do I want to be like this person if not do the opposite.
Go and buy some silver on your 0% credit card after 9 months balance transfer it onto another card and watch your money grow.
Just remember to always look to see what the top entrepeneurs are doing and see if you can get any ideas from them don't follow the losers follow the winners.

By Sotiris Bassakaropoulos