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May 30, 2006
When is it OK to rack up credit card debt?
I know I preach not to use your credit cards to excess but sometimes it is a good thing to rack your credit card to it's limit.
Huh??? What is this freak talking about? Is he saying go on a spending spree and all will be well?
It sure sounds like fun to throw caution to the wind and head off and buy stuff...
OK PUT THE BREAKS ON NOW
I am not saying that you should go on a spending spree. I have just racked my credit card to it's max but I am not in a panic about this. Why? Because I have just racked the plastic to it's limit to invest in my business. I am a bit agitated about the $10,000 limit on my card and the delay in online payment processing.
OK, no spending spree on new clothes, toys, gadgets etc...then where did you spend this...what business?
I just spent a lot of money investing in words...that's right words!
How do you invest in words?
Easy, go to Google or any other search engine and you will find what is known as contextual advertiser or in simpler terms "words".
That's right, I have just bought a bunch of words. This month I purchased about $10,000 worth of words. Those words have actually produced $20,000 for me... A net profit of $10,000.
Now the answer to the question: "When is it OK to rack up credit card debt?"
It's OK to do this when you double your money spent on your credit card!
Yes, I am a bit thrilled about this. 100% return on investment in a month, hmmm...I think that is slightly better than any stock market returns.
Off to buy some more words now....
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