Billionaire entrepreneur Mark Cuban is back again with another important advice. Cuban has once again raised alarm on the dangers of credit card debt. Cuban believes that credit card debt is the biggest obstacle in the way building wealth. Speaking during the Dave Ramsey Show, in 2014, Cuban said that the ‘best investment’ anyone can made is paying off credit cards and then destroying them. Cuban who started from modest beginnings to reach his billionaire status, told Ramsey that credit cards are ‘financial quicksand’. “People ask me where’s the best place to invest,” Cuban said. “The best place to invest is to pay off all your credit cards and burn them. If you’re paying 15% or 20% in interest, if you pay that down, you just earned 15% or 20%. If you use your credit cards, you don’t
Billionaire Mark Cuban warns credit cards block the path to wealth; says ‘Plastic is the enemy of prosperity’

79