One Love

These days I’m a little befuddled with money. My work however, requires me to have a basic understanding. There is every reason to use common sense and logic when working with the concept of money. It’s useful to investigate and learn from people who do know.

I have 3 credit cards and 1 debit card. 2 credit cards, I do not use. I keep only for the purpose of emergency business funding and am happy to pay the annual fees on them for this service.

The credit card that I do use, has my money in it and not the banks. This means that the bank pays me interest. In fact I get the highest interest on the money that I have in my credit card. So high that nobody believes me and very few people know about. I think it is a big secret that very few have discovered. Would you like to hear about it?

Ok, I can tell you, but it may not apply to other countries. This works in South Africa. I hope a banker does not read this and change the policy because I’m spilling the beans.

I get paid interest on a sliding scale on my credit card. I have put in enough money into the card to get paid the maximum interest on that sliding scale, which is 6.5% per month. I’ll repeat that. I get paid by the bank 6.5% a MONTH on money that I have “saved” in their credit card.

Even though that interest is taxed, it’s still one of the highest interest rates one can get from money stored in banks.

Here are a few other benefits I experience from this practice…
- my swipe transactions are free
- I earn voyager miles on spending my own money (I’m sure this is a mistake on their sides, so lets keep this between us)
- a credit card is so simple to carry around
- I can use my card anywhere in the world
- I can pay for things on the internet

Overall I think it is a very good service the bank is providing me. It’s almost like *they* are paying *me* to give them a chance to provide me with *their service*.

I’m sharing this little secret because I think it is a way for us to beat the banks. Credit is good only if it is not used. So instead of using the banks money, I suggest putting your own money into your credit cards, earning interest on it and being debt free.

Now there is a sinister side to this story. By using the above method I am in essence supporting the credit industry because the bank takes my money and lends it to people who borrow money and charge them an interest rate that is BLOODY MURDER. I redeem myself today, by sharing this secret with the whole world So if everybody would save their money in their credit cards, use that money and not the banks, we will soon own the banks.

I think money is a flowing thing. It must move else it becomes stale and serves no purpose other than to create fear of losing it.

One Love

My maximum credit limit on any card is $5000. Yours is $17,000. Life is not fair.

It could be a sign that the Universe approves your allowing of more financial abundance in your life.