Comment: Here is what I've been doing for the past 10 years...

(See in situ)


Here is what I've been doing for the past 10 years...

Now please keep in mind that I have a decent income and I'm very responsible financially!

Since I understand that money is worth less every year due to inflation, I concluded that any accumulated debt will also be worth less (or easier to pay off) due to inflation.

Therefore, by maintaining a high FICO score, I qualify for killer credit card deals. I pay zero percent interest and always pay the minimum monthly fee. After the promotional period ends on my credit card, I do a NO FEE balance transfer to another credit card that offers zero percent for the 1st year. Rinse and repeat for 10 years and here I am.

I have accumulated over $30K in credit card debt and I've never accumulated any interest! I always service the debt by paying the minimum monthly fee. I also have a decent amount of savings if things ever went awry. Overall I will be enjoying watching my debt devalue over the next decade : )