Book review: I will teach you to be rich Part 2
Chapter 2 and 3: Optimize your credit cards and beat the banks Use your credit cards to give you thousands of dollars and perks and rewards instead of your credit card companies using you for money (by not paying off your card every month). I agree with that, I have been flying business on points for years. Due to my health, I would not be able to travel long haul without being able to lie flat, so I appreciate being able to take advantage of that. And spending tens of thousands of dollars just for flights goes against my spending ethos. In these chapters, he talks about the fear and anxiety around debt that the media thrives on. But there is some debt that will help you accelerate your rich life. One example is student loans, as on average give you more monetary returns over a lifetime (not to mention the personal returns, such as making friends, and being exposed to new ideas). But honestly I didn’t find this chapter that helpful since credit card debt is not a problem for me. I...