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Warren Buffet’s Advice on Credit Cards
Article Published by Robert Weinberg on Sunday, March 2nd, 2008

I was watching Warren Buffet- Billionare Next Door on CNBC and he had two pieces of advice for young people.

1. Stay away from Credit Cards
2. Invest in yourself – To earn more money, through education, course, self improvement, etc.

I found that to be very powerful yet simple advice. Over the last week I helped 3 clients that combined we are saving them almost $800,000 in interest alone!

Today I recieved a book I have been wanting to read called, “Maxed Out” by James Scurklock. It is about, “how vulnerable many americans are to the predatory methods banks and credit card companies employ to separate them from the money they make and to keep them paying on the money they’re not making.” said Henry Rollins.

They have actually turned it into a movie, you can see the trailer at http://www.maxedoutmovie.com

Your Friend,

Rob Weinberg



The strategies your banks & credit card companies don't want you finding out about.
- Credit Reports: One May Not Be Enough
- 5 Financial Lessons for College Students
- FAQs on the New Credit Card Rules
- Wake up America
- Personal Financial Knowledge Has Gone up, but Americans Still Aren’t Making the Right Financial Moves
- The Saving Game
- Can You Get a Loan Today?
- P2P Lending: Lending Club as a financial tool
- Take Control Of Your Credit Cards
- Boost Your Savings…Without Hardly Trying







 
"We just sent out the last of the checks to pay off all the credit cards. It sure is a good feeling to know that we are on our way to being debt free in such a short time. We can now look forward to retirement without all the bills!" Joanne & Raymond Shaw
 

 

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Who you trust in helping you eliminate your debt is an important decision. Since 2003, Robert Weinberg has helped hundreds of homeowners achieve their financial goals by teaching them advanced strategies for melting down debt, creating wealth, and preserving credit (more)