Use Credit Cards for Liability Protection, Not to Buy Things U Can't Afford #CreditCards Episode 220

Having "money smarts" is the way to get out of the pay check to pay check lifestyle. We are at an all-time high in household credit card debit in the U.S. Understanding the use and purpose of a credit card can vastly improve your financial future. The do's and don'ts with credit cards sounds easy when your parents are telling you. But, it's a different story when your in possession of one without supervision. In today's video we explain how we use credit cards and the fundamental reasons why we use them in that way. Forming fundamental habits around your understanding will create wealth. The Passive Money Plan - covers all things financial from recession proof ways we managed our debt burdens, ways we brought in passive income, business ownership, the entrepreneur lifestyle, all while providing successful tips on things that have worked for us over our life span. We also provide real stories of how we grew up including the struggles we've had to endure to obtain financial success, such as surviving the financial crisis while leaving the military. While also providing the pit falls that lead to changing our mindset in the subject of finances. Welcome and we hope that you all enjoy! Disclaimer: This is not financial advice; this is financial education through our journey on how we interact with money. WE ARE NOT FINANCIAL ADVISORS; in fact, it is illegal for us to provide any financial advice to you under U.S. law. Our mission is simply to provide you with educational tools to help you understand financial literacy; thereby enabling you to make better decisions with your money. If you need financial advice, look to hire a CPA or anyone credited legally to give financial advice. //Creative Commons Attribution Licence video (Reuse allowed)