Kathleen McDowell
speaker
5 appearances
1 recordings
1 series
first heard May 2025
last heard May 2025
Kathleen McDowell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
If the bank's offering it to you, it's not in your best interest. It just isn't. It's going to be good. for them. I can tell you 100%, the house always wins.
Spend, spend, spend is the marketing agenda. How do you get new customers? How do you get them to spend more? How do you get them to stay customers for a long period of time?
Have you? Credit cards really want people to make the minimum payment and that's where they make the bulk of their fees is through the interest rate. The bank is gonna calculate what minimum payment they're going to require you to pay each month. 2% is typical. So if you take $6,500, because that's the average balance of an American today.
Well, you know I've always been above average. So if you take $6,500 and you do the math, it would take you 10 years to pay it off and $16,000. So you'd be paying $9,000 in interest. On a $6,500 balance.
Okay? What? I guarantee you, most people would never figure out a calculation of 10 years and $15,000. It just sounds so much worse than you would expect.
Showing 1–5 of 5