With a net worth of 4.1 billion dollars, you bet Mark Cuban definitely knows what he’s talking about when it comes to money. Besides, he’s known as the co-founder of Broadcast.com and as the owner of NBA’s Dallas Mavericks.
So for those who want to become wealthy in life, he does have some advice – and it might be something that may be a bit hard to take for some people.
In a post on his How To Get Rich weblog, Cuban wrote:
“Cut up your credit cards. If you use a credit card, you don’t want to be rich.
“The first step to getting rich requires discipline.”
Of course, many of us are guilty of using credit cards because they seem to be a convenient way of spending without carrying cash. But sometimes that’s exactly where problem lies: swiping a card is too easy and before we know it, we’ve already gone beyond our budget because of that. In short, we’re burning money we do not even have yet.
Cuban, according to him, was a credit card user back in the days. However, he eventually came to realize how it was actually leading him to financial dangers.
As he said:
“Credit cards are the worst investment that you can make. That the money I save on interest by not having debt is better than any return I could possibly get by investing that money in the stock market.
“I thought I would be a stock market genius. Until I wasn’t. I should have paid off my cards every 30 days.”
So now the self-made billionaire wants others to learn from his experience. If people choose to keep using credit cards, he says, they should do so responsibly and with great caution.
“Get the credit card because it’s great to help you build your credit score early. You don’t have to use a credit card a lot to build your credit score — you just have to pay your credit card bills on time and pay those cards off in full every month,” he emphasized.
So yes: know your limits, avoid unnecessary debt and be sure to pay your bills without delay.
This Company Is Allowing New Parents To Bring Their Babies To Work
“We want to practice what we preach, and normalize a reality where having children and advancing your career are not mutually exclusive.”
New parents know the struggle that comes with leaving the baby for the first time just so they can go back to work. It's a bit sad but it's really necessary and so in most cases a relative, or a nanny has to stay behind to watch over the child while the father, the mother, or both of them reports to the office.
One company, however, is changing that - much to the delight of their employees. Starting January 8 of this year, the Girl Scouts of Greater Iowa officially began allowing their workers to bring their babies in the workplace every day - at least for the first 6 months.
Japanese Couple With Combined Age Of 208 Set Record As Oldest Living Married Couple
They have been married for almost a century!
Keeping a lasting relationship can be difficult for some people. However, one Japanese couple has proven that love can last for almost a century. The centenarians have been together for more than 80 years and with the combined age of 208, they have set the world record for the oldest living married couple.
Masao Matsumoto and Miyako Sonoda were married on October 20, 1937, and have lived a truly interesting life together. Masao was born on July 9, 1910, which makes him 108 years old. His wife was born on November 24, 1917, and has just turned 100. Their combined age of 208 has allowed them to claim the Guinness World Record for the Oldest Living Married Couple, Aggregate Age.
The couple almost didn't get married when they started dating.
Seven-Year-Old Boy Dubbed The ‘Fastest Kid In The World’
Is he the next Usain Bolt?
Several months ago, LeBron James posted a clip of Rudolph “Blaze” Ingram Jr. playing football and it quickly went viral. Now, the seven-year-old breaks a USA Track and Field record over the weekend.
The young boy took the internet by storm yet again after a video was posted online oh him completing a 100-meter sprint in 13.48 seconds. Blaze is often being compared to Usain Bolt, a Jamaican sprinter who is currently holding the title of 9.58 seconds.