The constant barrage of financial product promotion

“Make sure you have the extra cash you need to celebrate the holiday and to get your fall projects done.”

“Complete a balance transfer or deposit online, it’s easy.”

“An opportunity like this doesn’t come along every day.”

These are just some of the phrases I read in a recent “Act Now” financial product promotional offer I got in the mail by a credit card company.

I have no problem with this company or its promotional material but consumers must be mindful these financial companies are in business for one reason – to make money off you and me as much as they can.  Keeping a running balance on your credit is a guaranteed way to waste your money.  Using calculators you can find out the enormous interest charges associated with long-term credit card debt.

I’m not against credit cards, far from it, just be mindful within the financial industry for every buyer of money there is someone willing to loan it out to you for a pricy fee.

Mark Seed is the founder and editor of My Own Advisor. As my own financial advisor, I've grown our portfolio from $100,000 to well over $500,000. Our goal is to own a $1 million investment portfolio for an early retirement. Come follow my saving and investing journey by subscribing to my site.

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