Credit cards also play an important role in our lives, providing us with some flow of small funds. So why do some people get richer and richer by using credit cards, while some people get poorer and poorer by using credit cards. This is mainly because of the differences in how they are used. Next, I will share with you my understanding. 1. Why the more you swipe, the poorer you get

First of all, let’s talk about why some people get poorer and poorer. The main reason is that this person is not using money to make money, but to buy things that cannot appreciate in value. For example, he uses money to buy a car, or uses money to buy a TV or an iPhone. Things like these begin to depreciate in value from the moment you buy them. This kind of thing will not help you make money after you buy it, it is just for entertainment and enjoyment. In this case, you can only pay back the money you earn through work, but your work will not make you more money. So consumption like this will make you poorer and poorer. 2. Why do you get richer by swiping?

Then why do some people get richer by swiping? The main thing is that he used the money wisely and used money to make money. For example, this person is running a business, and due to a short-term lack of capital flow, he needs to swipe his credit card to circulate funds and make more money. If he spends all this money just to make money, then it will make him richer and richer. Because what he does is something that can increase the value of his assets, not depreciate them. 3. Use your money wisely

It can be seen from here that the main difference between getting poorer and getting richer is where you use the money. If you use this money to make more money, it will make you richer and richer. If you use this money to purchase assets that will continue to depreciate after purchase, then you will become poorer and poorer.

After everyone has finished reading, remember to like, follow and collect.