In response to my previous video, Unboxing The $10 Million Dollar Invite-Only Credit Card: The JP Morgan Reserve, here is exactly why getting a credit card can be a responsible choice…enjoy! Add me on Snapchat/Instagram: GPStephan
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
Get $50 off for a LIMITED TIME with code ThankYou50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c
Here is where people miss the point…having a credit card is NOT about debt, and using a credit card doesn’t mean you can’t afford something. When it comes to credit cards, there’s absolutely a RIGHT way to use them, and a WRONG way to use them…
The right way to use a credit card is to have the money available in your checking account, use the credit card to purchase the item, and then pay off the entire bill in full because you have the money available. This gives you a few perks:
1. First, you can do it for security. In the event someone takes your credit card and makes a purchase on it, most of the time credit card companies will reverse it, no questions asked.
2. Second, you have purchase protection. With the Amex Platinum, if any of my items are lost or taken within the first 90 days of purchase, I’m covered up to $10,000 PER OCCURRENCE. It also means that I get an EXTENDED WARRANTY.
3. Third, you have Credit Card membership perks…which would simply be too long to list here.
“Why would you need a credit card if you have that much money”
Answer: To get those sweet, sweet points. Check out this Billionaire who bought a $170,000,000 painting with Amex…not because he couldn’t afford it, obviously, but because he wanted the points.
This isn’t about going and spending money you don’t have, for points you don’t need…it’s about learning how credit works, and then USING this to your advantage. For me, I spend $0 in interest. NOTHING. On every single credit card I’ve ever had, I put every single purchase on the card and then PAY IT OFF IN FULL before it’s due…if you pay it back on time, in full, you pay no money to interest, and the credit card companies don’t get a dollar.
Credit is like playing with fire, you could either use the fire as a tool to keep you warm and cook your food, or you can burn yourself with it. Most people don’t have the financial literacy to use credit cards responsibly, and THOSE people, unfortunately, are the ones that make credit cards profitable for the rest of us. Credit card companies WOULD NOT be throwing us insane perks like if it wasn’t profitable…however, I want to change that. And the only way to change that is by showing people how to use credit cards responsibly and change the mindset away from “credit cards are evil,” to “credit cards are amazing WHEN USED RESPONSIBLY AND PAID OFF IN FULL WITH MONEY I HAVE IN MY BANK ACCOUNT RIGHT NOW INSTEAD OF PAYING IN CASH.” It’s really as simple as that.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
Get $50 off for a LIMITED TIME with code ThankYou50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c
Here is where people miss the point…having a credit card is NOT about debt, and using a credit card doesn’t mean you can’t afford something. When it comes to credit cards, there’s absolutely a RIGHT way to use them, and a WRONG way to use them…
The right way to use a credit card is to have the money available in your checking account, use the credit card to purchase the item, and then pay off the entire bill in full because you have the money available. This gives you a few perks:
1. First, you can do it for security. In the event someone takes your credit card and makes a purchase on it, most of the time credit card companies will reverse it, no questions asked.
2. Second, you have purchase protection. With the Amex Platinum, if any of my items are lost or taken within the first 90 days of purchase, I’m covered up to $10,000 PER OCCURRENCE. It also means that I get an EXTENDED WARRANTY.
3. Third, you have Credit Card membership perks…which would simply be too long to list here.
“Why would you need a credit card if you have that much money”
Answer: To get those sweet, sweet points. Check out this Billionaire who bought a $170,000,000 painting with Amex…not because he couldn’t afford it, obviously, but because he wanted the points.
This isn’t about going and spending money you don’t have, for points you don’t need…it’s about learning how credit works, and then USING this to your advantage. For me, I spend $0 in interest. NOTHING. On every single credit card I’ve ever had, I put every single purchase on the card and then PAY IT OFF IN FULL before it’s due…if you pay it back on time, in full, you pay no money to interest, and the credit card companies don’t get a dollar.
Credit is like playing with fire, you could either use the fire as a tool to keep you warm and cook your food, or you can burn yourself with it. Most people don’t have the financial literacy to use credit cards responsibly, and THOSE people, unfortunately, are the ones that make credit cards profitable for the rest of us. Credit card companies WOULD NOT be throwing us insane perks like if it wasn’t profitable…however, I want to change that. And the only way to change that is by showing people how to use credit cards responsibly and change the mindset away from “credit cards are evil,” to “credit cards are amazing WHEN USED RESPONSIBLY AND PAID OFF IN FULL WITH MONEY I HAVE IN MY BANK ACCOUNT RIGHT NOW INSTEAD OF PAYING IN CASH.” It’s really as simple as that.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
I appreciate the grammar lecture too, people need to know the difference.
Hahaha! Hilarious, all those imbeciles!
Pathetic you have to make a video on credit cards to idiots why have no idea about finances. You are extremely knowledgeable and your content has been very helpful. Hatters will hate. Most people trolling you have 500 credit score.
All the people who hate are just so uninformed
Growing up in a house of people who didn't live within their means and seemed to be incapable of using credit cards responsibly left on me a terrible impression of credit and I can imagine some of peoples hate might just be coming from a similar situation. You're information actually has spurred me to get a card.
I stopped using credit cards had excellent rating etv but companies made errors so bye bye credit I don't need it!
Credit cards 🙃 one way to get broke and another way to get rich kinda momentarily
I want meatball pizza
Too high garbage fees
I can knot spell too
I personally love credit cards, but I do not advocate for their use.
Credit Cards are fairly powerful in the right hands, and exceptionally dangerous in the wrong hands. And unfortunately, you have no reliable way of knowing which set of hands you're actually dealing with when you pitch credit cards to another person.
It is therefore morally unacceptable in my book to pull others into the world of cards, but perfectly fine to discuss them and guide others who have ventured into this world of their own accord.
On the other hand, I'm no Dave Ramsey. It's one thing to say you can't trust yourself to use a card, but to equate card use with debt – and assume responsible users like us are somehow in debt we don't know about – is insulting and foolish.
Poor people should not get cc. I use cc for certain things only.
I love this channel man!
Hey , Graham Shirt is really look good on you than your daily wear t-shirt. Your video are so knowledge , can you be my MENTOR.
Graham,that video was awesome.Put the idiots in their place. I love credit cards. My FICO is 834,but what do I know! 😁
Love when haters hate keep it up
Credit cards are a fantastic financial tool for people who don't need a credit card.
my all thanks goes to Therealdarkfullz on telegram he changed my life after being duped on this platform so many times he got my cards delivered to me with great balanced
I 100% agree that borrowing money is always bad, but the exception is the case of having a credit card. I think it is definitely worth having it you can pay it off. You get the perks and own the bank when you do.
It’s I too can’t spell well.*
I love you man, this is actually just a comment for the algorithm
Honestly I think that people just hate on use for knowing how to use personal finance skills. Its not that hard, but some people would rather just hate. Keep doing you.
Yeah Graham these views are extremely interesting and fun to watch if I could recommend for a video I would recommend you making an office tour.
Thanks Sandra for connecting me to Cardsteve on telegram I got my too just off recent it cool legit no he’s great💯
the ending with the sad song 😂😂 good video bro
I like your videos, keep teaching us. 😁
Such a great video. People need more financial education!
I died when you said “I’m a hater cream”😂😂
Deeply happy I come across this trustworthy vendor is has been a second time of getting cc from him @PottMike on telegram much love have for you
I like this grammar nazi Graham.
@DanielDumps on telegram he hooked me with some dumps and pin, with a nice rate and now am gonna get another one cos he was so good to and reliable man
Thanks fir referring me to @Jackdumps on telegram His the realest vendor have ever hit up and does as he say I’m so happy right now with the cc I bought from him works perfectly
So I can come across this honesty and trustworthy vendor @Jackdumps on telegram this is my second time of getting Cc from him so glad to know him💯💯💯
Dave Ramsey voice "do you know what stagnant water develops on the surface? Scum, and thats exactly what the financial opinions of broke people are!"
@Jackdumps on telegram is a real vendor I can’t believe my eyes that man too real Goat on this he on telegram He sell credit with high balance
Damn I shoulda commented that I was high lol
Thank you for escaping me from Dave Ramsey’s way of thinking. I LOVE it when he says not one millionaire uses them for points, miles, etc. I recently got my first credit card a few months ago. I spend it like a debit card and pay off my balance almost immediately once I spend. So far my credit score is at like a 670 after 3 or 4 months. Thanks you for teaching me to be responsible with it.❤️