Manage episode 513107949 series 2342891
Rob takes this opportunity to strongly advise against using debit cards, arguing that credit cards are superior for general spending for five key reasons.
For starters, debit card use does not build credit, making credit card use essential for improving your credit score, which is important for future borrowing like mortgages. Furthermore, credit cards offer better protection against fraud, often making the credit card company jointly liable under the Consumer Credit Act.
But listen in as Rob reveals the ultimate benefit…
BEST MOMENTS
"People don't realise that debit cards are only good for one thing."
"Number three proves actually that credit cards, if you use them well, are actually safer than debit cards."
"You want the banks to take the risk, not you to take the risk."
Exclusive community & resources:
For more EXCLUSIVE & unfiltered content to make, manage & multiply more money, join our private online education platform: Money.School → https://money.school
And if you’d like to meet 7 & 8 figure entrepreneurs, & scale to 6, 7 or 8 figures in your business or personal income, join us at our in-person Money Maker Summit Event (including EXCLUSIVE millionaire guests/masterminds sessions) → https://robmoore.live/mms
🔗 CONNECT WITH ROB
📸 Facebook: https://www.facebook.com/robmooreprogressive/?locale=en_GB
📸 Instagram: https://www.instagram.com/robmooreprogressive/
👨💻 Linkedin: https://www.linkedin.com/in/robmoore1979?originalSubdomain=uk
🌍 Website: https://robmoore.com/
🎙 A NOTE FOR THE #MONEY MAKERS:
The world of money is changing fast. Currencies are being debased, economies are unstable and your financial future is on the line. On The Money Podcast, Rob Moore, a seasoned entrepreneur and property investor dives deep into the truth about money—how to make it, manage it, invest it, and master it. If you’re ready to stop working for money and make money work for you, then this podcast is for you.
Want to start your own podcast? Get in touch - Disruptive Media. https://disruptivemedia.co.uk/
If you don’t risk anything, you risk everything.
573 episodes