Comments on: links for 2007-01-08 http://www.getrichslowly.org/blog/2007/01/08/links-for-2007-01-08/ personal finance that makes cents Sun, 07 Sep 2008 16:10:26 +0000 http://wordpress.org/?v=2.5.1 By: Joe http://www.getrichslowly.org/blog/2007/01/08/links-for-2007-01-08/#comment-41136 Joe Mon, 08 Jan 2007 16:53:33 +0000 http://www.getrichslowly.org/blog/2007/01/08/links-for-2007-01-08/#comment-41136 I liked the piece about whether or not a person "needs" a 80k credit limit. For most people, the answer is probably not. However, some people that have an entrepreneuerial bent to them can benefit by holding a few high credit line cards, in the event they decide to strike out on their own. Again, this isn't an "everybody" type of situation, but I have seen it as a positive in a few cases. Otherwise, just use the card for purchases you know you're going to pay off right away and get rich slowly! I liked the piece about whether or not a person “needs” a 80k credit limit.

For most people, the answer is probably not. However, some people that have an entrepreneuerial bent to them can benefit by holding a few high credit line cards, in the event they decide to strike out on their own. Again, this isn’t an “everybody” type of situation, but I have seen it as a positive in a few cases.

Otherwise, just use the card for purchases you know you’re going to pay off right away and get rich slowly!

]]>