Andrew Tobias, author of the perennial best-seller The Only
Investment Guide You�ll Ever Need, unequivocally says the best
and safest �investment� in the world is to pay off your
high-interest credit card balances. He explains that not having to
pay 20% interest on a credit card is as good as earning 20%
tax-free, risk-free � it�s phenomenal!
Yet according to Bernice Kanner, a columnist for financial media
giant Bloomberg LP and author of Are You Normal About Money,
contends that only 49% of Americans pay their credit-card bills in
full to avoid the high interest charged. While American Express
reports an incredible 43% of small-business owners use their high
interest, credit cards� revolving credit to help sustain their
operations.
Plus the card issuers are putting the squeeze on customers by
boosting late fees, which have climbed 146% since 1994, to $35. So
take action by making plans now. Put extra effort into your barter
endeavors, to free up additional cash. Then you can make the best,
safest �investment� in the world � systematically paying off your
high interest credit cards.
