Let’s get this straight right here and now. Credit cards do not help in creating financial independence, and you say, “It lets me buy things when I want to.” Isn’t that financial freedom? Think again.
Things have not changed on creating financial independence, it goes back centuries and generations; your grandparents did it, and so did your great-great-great grandparents. So if you are looking for the formula on how to become financially independent, here it is:
- If you earn $10
- Spend less than $10 (the less you spend, the more wealth you create). That’s how it is; it is that simple.
- Example: if you earn $10, spend $9 or better yet spend only $8