#credit-cards

#credit-cards

No matter how much you earn, there is always a feeling that there are people out there earning more and living a better life, especially for middle and upper-middle-class individuals.

The aftermath of the 2008 banking crisis led to large corporations benefiting from bank consolidations while smaller businesses faced significant losses, highlighting a major shift in the lending landscape.

Carlson pointed out that companies like DraftKings and FanDuel are profiting significantly, with forecasts indicating a record financial year, leading him to question why people are paying their gambling debts.

Joining a loyalty program for your local airline, hotel, and rental car can yield long-term rewards such as free flights, discounts, and upgrades, outweighing any minor inconveniences.

“Miles there are treated like a second currency,” he said. “You go to 7-Eleven to buy a water bottle; you earn Asia Miles.”

As small businesses are crucial to the economy, many face rising financing challenges due to inflation and interest rates, leading to increased reliance on credit cards.

As the original poster points out, the reasons to get a credit card are pretty clear in that you want to establish credit so you can do more in life.