Credit builds wealth
| || |
No, credit keeps you broke
Debit cards are just like using cash
Debit cards are linked to the real money that is in the bank. So in theory it is just like cash. What makes a debit card different than cash is the logo on the card. Pull out a piece of paper currency right now. Do you have a $1, $5, $10, $20, $50 or maybe a $100 bill on you right now?
I'll show you my $100 bill that I will pay my rent with. Do you see the symbol of a credit card company anywhere? No. Debit cards are a lending tool and transaction fees are attached. Does cash have a transaction fee? No. Cash can lower the sale price, just ask about a discount at a furniture store to test my statement.