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Why I Refuse To Use A Debit Card

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Manage episode 505344173 series 3555618
Content provided by minoritymindset. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by minoritymindset or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

"I don't own a debit card. I try to use my credit card to make every purchase possible unless I have to pay a credit card processing fee."

Jaspreet reveals why he hasn't touched a debit card in years and how this one financial habit has saved him thousands while earning him free travel, cash back, and premium perks. But before you rush to get a credit card, he breaks down the two non-negotiable rules that separate smart users from people who get destroyed by debt.

What You'll Learn:

  • The four types of benefits credit cards give you that debit cards never will
  • Why using a debit card is like taking on all the risk with none of the rewards
  • How Jaspreet lost $3,500 using a debit card and why it would never happen with credit
  • The two strict laws he follows to avoid credit card debt (break these and you're toast)
  • Why credit card companies get rich off 25-30% interest while keeping you broke
  • How to use credit card cash back as an investment bonus instead of lowering your balance
  • Why your credit score might be a scam designed to keep you spending

Jaspreet exposes the truth about debit cards being a wealth killer and credit cards being a powerful tool when used correctly. He also shares his personal horror stories of stolen cash and debit card fraud that changed how he thinks about payment methods forever.

Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

Below are my recommended tools!

Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast).

----------

➤ Invest In Stocks Passively

1) M1 Finance - Buy stocks & ETFs automatically:

https://theminoritymindset.com/m1

----------

➤ Life Insurance

2) Policygenius - Get a free life insurance quote:

https://theminoritymindset.com/policygenius

----------

➤ Real Estate Investing Online

3) Fundrise - Invest in real estate with as little as $10!

https://theminoritymindset.com/fundrise

----------

  continue reading

102 episodes

Artwork
iconShare
 
Manage episode 505344173 series 3555618
Content provided by minoritymindset. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by minoritymindset or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

"I don't own a debit card. I try to use my credit card to make every purchase possible unless I have to pay a credit card processing fee."

Jaspreet reveals why he hasn't touched a debit card in years and how this one financial habit has saved him thousands while earning him free travel, cash back, and premium perks. But before you rush to get a credit card, he breaks down the two non-negotiable rules that separate smart users from people who get destroyed by debt.

What You'll Learn:

  • The four types of benefits credit cards give you that debit cards never will
  • Why using a debit card is like taking on all the risk with none of the rewards
  • How Jaspreet lost $3,500 using a debit card and why it would never happen with credit
  • The two strict laws he follows to avoid credit card debt (break these and you're toast)
  • Why credit card companies get rich off 25-30% interest while keeping you broke
  • How to use credit card cash back as an investment bonus instead of lowering your balance
  • Why your credit score might be a scam designed to keep you spending

Jaspreet exposes the truth about debit cards being a wealth killer and credit cards being a powerful tool when used correctly. He also shares his personal horror stories of stolen cash and debit card fraud that changed how he thinks about payment methods forever.

Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

Below are my recommended tools!

Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast).

----------

➤ Invest In Stocks Passively

1) M1 Finance - Buy stocks & ETFs automatically:

https://theminoritymindset.com/m1

----------

➤ Life Insurance

2) Policygenius - Get a free life insurance quote:

https://theminoritymindset.com/policygenius

----------

➤ Real Estate Investing Online

3) Fundrise - Invest in real estate with as little as $10!

https://theminoritymindset.com/fundrise

----------

  continue reading

102 episodes

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