if you're using cash or a debit card you
are literally setting yourself up to
fail and not only that you're missing
out on massive advantages that this
strategy gives you so if you want to
you should be using instead of your
debit card and instead of cash then you
are gonna want to stay tuned I don't
know about you but if you're like me and
at one point in time you've had a debit
card or you've had cash stolen from you
and you've realized how impossible it is
to actually recover that stolen cash or
recover that stolen money from somebody
else using your debit card then you
probably understand what a huge
nightmare that can actually be but if
your credit card gets stolen or people
spend money on your credit card or
there's some online fraud or hacking you
will not be on the line for that your
bank will take care of it it's happened
to me multiple times and my bank
instantly resolved it sent the money
back into my account that same day right
it's not a nightmare with a credit card
is a nightmare with a debit card yes I
know that certain debit cards do offer
protection when it comes to fraud but
most don't and I know people are also
going to spam in the comments that
credit is evil right all credit cards
you know are for is just ruining
people's lives and charging you a bunch
of interest but I've used credit cards
for the past you know almost decade and
I have never paid one cent of interest
because the truth is if you use credit
cards correctly you can book hotels and
you can take flights you can literally
never have to pay for these travel
expenses ever again if you always pay
your bills on time right you can set up
auto pay you can do all these things so
you don't even have to think about it
you'll never pay a cent of interest and
you'll literally just get essentially an
interest-free loan which is you know at
the most basic sense just completely
free use of someone else's money that
you get the benefit for so the number
five reasons you start using a credit
card is improving your credit score when
you're young if you're you know 13 15 17
19 21 however old you are right now
right you probably don't realize how
important the credit score is you've
probably never tried to buy a house you
probably never try to get a car loan
right but all of these things that will
be
come important as you get older yes it
does happen I know it's hard to believe
right now that you do actually get older
and become an adult but it does happen
you're going to want to start getting
rewards credit cards or you're going to
want to buy a house or buy a car and get
all of these things the main thing that
people check like banks and people that
are going to give you those loans is
your credit score and if you're young
now the best time to start building a
credit score is right now it's a date
right so how do you actually do this you
apply for a credit card right and if you
don't have any credit history you have
to start with you know some of the lower
credit cards like the chase unlimited
freedom or if you have nice parents or a
nice uncle they can do what's called
co-signing on your credit card and if
they cosign on your credit card you can
get some of the best credit cards in the
world right because if your parents have
good credit right by co-signing they
basically take on the liability of you
not paying your bills right and then if
you're really responsible with your
spending then you can build credit
completely for free which is going to be
a huge benefit to you down the road and
it costs you nothing and it costs your
parents nothing right and you know you
and your parents have to love each other
a little bit more because they cosign
for you number four is what's called a
return protection so if you want to
return something that you bought with a
credit card and the place that you
bought it from won't actually accept
that you know item or whatever that
product was back then sometimes your
credit card company will actually pay
the difference between how much that
costed and what they actually won't take
back which is pretty cool if you ask me
because it basically means that even if
you bought something from Walmart and
they won't take it back
sometimes your credit card will still
reimburse you for that item and you can
actually keep it for free number three
is what's called the purchase protection
so sometimes if you buy particular items
or products on a credit card right let's
say for example that you bought a brand
new iPhone you know on your credit card
what's gonna happen is if somebody you
know steals that phone or you know
steals it out of your car or whatever
your credit card company will literally
reimburse you for a brand new phone via
the purchase protection this alone makes
it worth actually getting a credit card
right because how nice is it how
is it knowing that if your phone saw it
they'll reimburse you for it if it's
stolen within the first you know a few
months it's such a massive benefit that
credit cards give you and it costs you
nothing extra to take advantage of that
number two is what's called a warranty
protection so some cars like the Chase
Sapphire Preferred for example will
extend a warranty if it's less than
three years a manufacturer's warranty by
up to one year so what happens is if you
actually buy you know like a microwave
or a refrigerator or something like that
or like a washer and dryer your Chase
Sapphire Preferred will extend that
manufacturer's warranty and they'll
cover you and actually reimburse you
outside the manufacturers warranty
period number one guys without further
ado is points there are people who
literally spend their whole lives and
they make their whole living just by
doing what's called churning right so I
have over six and a half million chase
points like I will literally never pay
for another flight the rest of my life
my friends will never pay for flight my
family won't ever pay for a flight and
the reason that that's possible is
because I pay for everything in my life
on credit cards all of my ADD costs all
of my cost of you know goods for my
businesses all of my food all like
literally everything in my life I pay
for with a credit card I haven't used a
debit card in over ten years right I
haven't used cash in probably over ten
years and so how you actually do that is
you accumulate points every time you
spend a dollar on a car the best card in
the world for accumulating points is the
chase ink business preferred you get
three points per dollar on so many
different things right ad costs on
internet bills on your phone all of
these different things that you get all
of the benefits that I talked about but
you also start to accumulate you know
tens or thousands or ten
thousands or hundreds of thousands of
points with a no additional cost to you
especially if you pay your cards on time
so I know there's going to be people in
the comments that are saying Kevin
credit cards are the devil right they're
taking advantage of you
I've never paid one cent of interest in
over ten years of using credit cards and
if you use them responsibly right you
don't have to either so if you guys are
interested in using credit cards and
making money on the internet I suggest
you check out this video right here
which is how to make $30.00 per hour
literally just watching videos check out
this video right here we'll see you on
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