There are many ways to use a credit card, probably as many ways as there are people using credit cards. And, just as there are no two people created equal, there are no two equal ways to use a card. We can’t really talk about each of those in detail so I just created this super-clever 7-level classification in the progressive mastery of credit card usage.
I ordered the seven levels by their increasing level of mastery, but not in the order people would go through them. Obviously, everyone will start at the “average” level (the third level in my arbitrary system). In a way, everyone has a shot at using credit cards in a clever way. From there, one would either go down to one of the first two levels (the “bad” ones) or up to one of the top four levels (the “good” ones).
So here are the seven levels:
Continue reading “The seven mastery levels of credit card usage”
I read his blog from beginning to end once and then just his Stock Series a second time. And then when I read the book I didn’t get much new (it was my third time reading the material after all) but the book is better organized (obviously) and is a bit more succinct (Collins tends to be a bit verbose in his blog), so if you read a few of his posts and they “click” then you may want to try and read the book. Also, having the book makes it easier to share with friends that could benefit from the knowledge (kind of part of my idea when I bought it).