Nicole Lapin

So no, this is not a credit card companies are evil problem solved thing.

This is a if you change the price of credit, you change the whole equation, namely who gets it.

So instead of a white horse that's just a Trojan horse, here's what you can do to help yourself if you are carrying high interest rate debt.

Don't wait around for a political promise to maybe turn into action.

Because while you're waiting, that interest is compounding every single day.

I have personally been there.

I've had credit card debt with sky-high interest rates.

And when I finally got out of it, it changed my life completely.

and my mission.

It is why I do this show because compound interest is no joke.

It can work against you in the case of debt and it can work in your favor in the case of investing.

I would much rather see you on the wealth building side of the compound interest equation.

So if you're in high interest debt today, let's make a plan.

First,

Start with your APR.

Know exactly what you're paying.

You can't fix what you can't see.

So step one is simple, but it's really powerful.

Pull up your most recent credit card statements and check the APR annual percentage rate on each card.

You'll often find it in the fine print on page two or three of your statement.