Nicole Lapin

We have to be honest about this trade off.

A cap might reduce interest for some borrowers, but it can also reduce access for many others.

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.