Outstanding Credit Card debt has reached almost $1 Trillion!
Welcome to the 6th video in a series based on Gene Natali’s award winning personal finance book, The Missing Semester. This 13 video playlist, breaks the book into a bite size piece followed by a single action step for you to apply after reading each chapter.
The Missing Semester Chapter 5: Credit Cards
HERE'S WHAT YOU NEED TO KNOW:
Pay your credit card in full every month. 1/2 of Americans do this and use their credit card as a tool. The 1/2 that do not pay off their credit card average $6,000 in outstanding debt at a 19.2% interest rate.
YOUR ACTION STEP:
Pay off your credit card bill EVERY month!
TIMESTAMPS
0:00 The good the bad and the ugly of credit cards
0:12 Half of Americans do this
0:36 The average outstanding credit card balance
0:41 The average interest rate on credit card debt
0:49 Compound interest
1:07 Pay off your credit card every month
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DOWNLOAD the Troutwood App:
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More from Troutwood:
FINULATOR: Enter the forest of finance and practice adulating before you become one . . . https://www.troutwood.com/finulator
BUY SELL HOLD: An investment game based on real historical stock market data.
https://www.troutwood.com/stock-market-game
TIME PORTAL: Simulate an investment in the stock market.
https://www.troutwood.com/stock-market-simulator
FINMOJI: Find your financial personality type!
https://www.troutwood.com/finmoji
TROUTWOOD MAP: An interactive stock market map.
https://www.troutwood.com/map-of-the-stock-market
BLOG: Your financial questions answered.
https://blog.troutwood.com/
PODCAST: Watching Trees Grow (because what if money worked the same way . . .)
https://www.troutwood.com/finance-podcast
READ THE MISSING SEMESTER SERIES:
The Missing Semester: https://a.co/d/6G0n9YX
The Missing Second Semester: https://a.co/d/f9dxWzM
BIOGRAPHY:
Gene Natali is Co-founder and CEO of Troutwood, a financial technology company founded out of the Carnegie Mellon University Swartz Center. He is a Chartered Financial Analyst, board member of CFA Society Pittsburgh, Executive in Residence at the Black School of Business|Penn State Behrend and a part-time lecturer at the University of Pittsburgh, where he has taught Personal Finance since 2015.
He is an award-winning author (The Missing Semester), has spoken in over 1000 unique high school and college classrooms, and regularly keynotes investment and education conferences across the country. Gene holds an MBA with a concentration in finance from Carnegie Mellon University and a bachelor's degree with a concentration in economics from Allegheny College.
DISCLAIMER:
The information presented on or through this video is made available solely for general information purposes. We do not warrant the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the video, or by anyone who may be informed of any of its contents.
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