When it is good to have a credit card balance.
It is good to have a credit card balance if building one allows you to make more money than not having one at all.
An example of this would be to spend $800 on parts to build a trailer that you sell for $4000.
Without a credit card balance, you wouldn't have made $3,200.
The problem is that for the most part people build credit card balances spending on themselves.
For a credit card balance to be good, you must spend on others.
Who are you spending on?
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Glen's Musings — AI, investing, and building things. Occasional. Free.
Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.