Billionaire Mark Cuban reveals why paying off 22% credit card debt beats stock market investing
Key Points
- Paying off credit card debt is the best investment you can m...
Mark Cuban just dropped a financial truth bomb that has credit card companies probably spitting out their morning coffee: paying off your plastic debt is literally the best investment you'll make this year. The Shark Tank mogul told Dave Ramsey that if you're carrying credit card balances, "you don't want to be rich" - and the math behind his statement is more brutal than a margin call.
The 22% Reality Check That Hurts
Let's break down Cuban's logic with some cold, hard numbers. If you're sitting on $1,000 in credit card debt at 22.25% APR (which is basically the financial equivalent of ...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.