Quinton Lopez’s Reviews > Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress > Status Update
Quinton Lopez
is on page 69 of 304
Credit card companies generate hundreds of billions in profit annually through various streams like interest (most profitable), consumer fees, and interchange fees. Interest alone redistributes $15 billion each year from the poorer to richer. Nearly half 49% of people can’t pay off their monthly balance. Living without a credit card possible, and it can lead to thrive.
— Nov 14, 2024 12:33PM
1 like · Like flag
Quinton’s Previous Updates
Quinton Lopez
is on page 140 of 304
Real estate prices rise with inflation, making homeownership a hedge against it. Mortgages are long-term, secured debts, but the wrong type or too much debt can cost peace, retirement, and freedom. Rule: a 15-year fixed-rate mortgage with payments ≤25% of take-home pay. Get in position: save more, increase income, adjust budget, and explore affordable areas. Average millionaires pay off homes in 10.2 years.
— Nov 18, 2024 11:03AM
Quinton Lopez
is on page 42 of 304
FICO scores reflect your debt management, not income or assets. Maintaining a high score means continually using and repaying debt.
True financial success is about savings, not credit scores. While low scores can hurt, having no score isn’t harmful.
— Nov 14, 2024 10:38AM
True financial success is about savings, not credit scores. While low scores can hurt, having no score isn’t harmful.
