Kevin O'Leary: Paying off credit cards is key to saving money

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1 hour ago

Kevin O'Leary: Paying off credit cards is key to saving money — Paying debt saves against high interest

Kevin O'Leary warns that failing to pay off credit card balances each month is a fast way to waste money due to interest rates of 21–23 percent.

He adds that these high charges surpass the returns many investors can make, which is why investing in credit card companies is attractive. O'Leary emphasizes that the most effective way to save money is by avoiding carrying a credit card balance.

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O'Leary has previously advocated for passive investment, noting that stock market index investing can deliver consistent long-term returns. He has also warned that higher taxes on wealthy individuals can prompt investors to relocate assets. His recent comments add to his ongoing focus on strategies aimed at preserving and growing capital.

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