CREDIT CARDS: Debt Disaster or the SECRET Key to Getting RICH?

Americans are drowning in credit card debt —but it doesn't have to be a disaster for you. In this video, I'm going to show you exactly how to use credit cards as an amazing tool in your financial toolbox to save you money both today and in the long term.

Hi, I'm Luke Turner, co-founder of Moment Private Wealth. I help athletes and entrepreneurs make smarter decisions with their money. Today, we dive deep into everything you need to know about credit cards and how you should be utilizing them.


I’ll explain the original intention of a credit card—which I want you to reframe as a deferred payment card —and give you the simple, essential tools I use in my own life to avoid the "boat sinkers" that trap so many consumers in debt.



The #1 way people get into credit card trouble is by not knowing how much money they are making versus how much money they are spending. I'll share the exact app I use to track my spending and protect myself from that trap.


Finally, I'll explain how to choose the right credit card to get the maximum benefit , focusing on your spending habits (travel, groceries, dining) to determine what works best for your situation. Remember: don't chase points if you can't handle the spending!



If you found this video helpful, please subscribe to the channel for more personal finance content!

🔗 Resources & Links:
Credit Card Hacking Resource: [I have a description to one of my favorite resources as it relates to credit card hacking in the link below the video. You can read all about the different credit cards and options] https://www.nerdwallet.com/

Spending Tracker App: [I would highly recommend Monarch Money. I use it in my own personal life.] (Link to Monarch Money: https://monarch.com)

#CreditCardDebt #PersonalFinance #CreditCardHacks #MoneyManagement #FinancialFreedom #LukeTurner #MomentPrivateWealth #creditscore

⏱️ Chapters:
0:00 - The Credit Card Debt Crisis & My Goal

0:49 - What We're Covering Today (3 Key Points)

1:21 - What is a Credit Card? (The Original Intent)

2:06 - Credit Card vs. Deferred Payment Card

2:44 - How to Avoid the Credit Card Debt Trap

3:55 - The App I Use to Track My Spending (Monarch Money)

4:46 - Choosing the Right Credit Card for Maximum Benefit (Points Hacking)

5:35 - How to Determine Your Best Card (Spending Habits)

5:56 - My Personal Favorite Credit Card (Chase Reserve)

6:18 - Final Ask: Subscribe for More Personal Finance Content