Mark Cuban: 'If you use a credit card, you don't want to be rich'

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Self-made billionaire Mark Cuban has advice for those looking to build wealth: Don't use credit cards. via CNBCMakeIt

 

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MakeIt You just have to use a credit card properly and that's very simple: Never carry a balance past your due date. Do that and you can reap the benefits of a credit card without paying any interest.

MakeIt Who cares bout Cuban? Not I, said the blind man, as he picked up his hammer and SAW.

MakeIt Finally he's stated something useful

MakeIt It's easy to put the cards down when you're making enough money to save pay your bills and put money in the bank like the good old days

MakeIt Credit cards are fine if you pay them off during the grave period. My CC actually pays me about $1000 yr for free in cash back.

MakeIt I get 6k a year in free rewards throuh my business and haven't paid a penny in interest. Why would I ever use cash?

MakeIt Sorry. You got to have a little money/plastic to make more money

MakeIt I agree

MakeIt I totally agree. While you need a good credit rating, you do not need credit cards. You need 1 card and you need to pay it off monthly - no exceptions.

MakeIt How does he pay online?

MakeIt The last Cuban billionaire I remember was Fidel Castro. And he was a mass murderer.

MakeIt Why he doesn’t want 4% cash back on gas

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