The Wealth Principles

Author: Danso Solutions Inc.

With so much financial literacy information privy to us in today's world, often times is can be difficult for us to fully comprehend what it all means. Introducing, The Wealth Principles Podcast, where break down all facets of financial literacy information and business acumen in today's world. In addition, we provide guest speakers including entrepreneurs from various industries and backgrounds discussing how they got their start and how to potentially enter the industry they've started their careers and businesses in. The Wealth Principles podcast provides growth, investing and savings tips for a lifetime of welath building. Subscribe today to be instantly connected with our business community and learn how to build generational wealth from now and centuries to come.
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Episode 70: Credit Card Debt Explained
Episode 70
Tuesday, 25 April, 2023

American household debt hit a record $16.9 trillion at the end of 2022, up $2.75 trillion since 2019, according to the Federal Reserve. If you had to write that check it would read $16,960,000,000,000. Americans owe $986 billion on credit cards, surpassing the pre-pandemic high of $927 billion. An even more interesting fact is many Americans are unaware that their credit card usage actually makes more money for the same banks that their signing up with to purchase these cards. In today's episode host of The Wealth Principles explains of the significance having credit card debt plays on being able to own a home, paying extra bills and for some debt exceeding their lifespan amongst other things. This episode is focused on the importance of paying off credit cards debt and being able to live your life stress and debt free. You can stream today's episode on Spotify Apple PodcastYouTubeTo become a host on The Wealth Principles email: Charlesdanso12@gmail.com Thank you for tuning in to today's episode.