Warren Buffett suggests avoiding credit cards.

If I borrowed money at 18 or 20 percent, I’d be broke…. So if I had one piece of advice for young people generally it would be to just avoid credit cards.”

Read the whole article from CNBC.com.

I think it is more wise to follow the advice of the world’s richest man than it is to follow the advice of our in-debt friends and family or Visa and Mastercard commercials.

By Eden, Thu 3 Jul 2008, Comments Categories: Credit Cards