One of the worst advice I’ve got in my life was, “CASH IS KING”. Well, I am here to tell you that is completely wrong, “CREDIT IS KING”.
Why?
Well, think of it this way. If you have $10,000 and you spend it all cash, that’s $10,000 you can spend.
Let’s say instead you use that whole $10,000 on your credit card and spend the whole $10,000. A lot of credit card companies will offer you 1-5% cashback on any purchases that you make with their credit card.
Now let’s say you get 5% back, (which I have on one of my c
