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Investing vs Paying Credit Card Debt

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Uploaded by on Feb 8, 2008

If you carry a balance on one or more credit cards, you're not alone: according to the Federal Reserve, nearly half of American families do. And nearly half of American families also have some sort of bank savings accounts. If you have savings, should you use that money to pay off your credit cards?

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  • Congress is bought and paid for by the banking lobby. They have just given BILLIONS of taxpayer dollars away to these big banks under the pretense that they should be kept solvent so they can LEND YOU MONEY. What sense does it make to GIVE them taxpayer money so that they can turn right around and LEND it back to you at INTEREST? Think about it.

    TAKE BACK YOUR MONEY AMERICA

    watch?v=SG0gcw6cqto

    .

  • Hard concept for some to follow

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  • ty

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  • this is a basic principle that not many people are aware of.. you will be surprised by how many people continue to roll over their credit card debts whilst having a positive balance in their savings acct . an acct that pays at most 3% a year!

  • or...you could just not borrow at all and not pay any interest, since you STILL have to pay TAXES!

  • @musicgeek3

    hell yeah, i tore up my cards after that insane movie, pretty damn scary!

  • either way ur failed. if u wanna win, balance both

  • Actually credit is not "real money" Its just monopoly money and you dont have to pay into the corrupt banking system of american enslavement,, most mainstream ppl just know about settlement but that a HUGE scam so i figured ide share this info about this amazing company who helped me get rid of my debt within a year and protected my assets(home,bank) from any liens or levy..their cost is dirt cheap..check them out debtcrisissolutions(dot)com or call the person directly who helped me 347-492-4014

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