Dr. Toby PotterCEO and Founder, The Unshakable Investor · Real Estate Investor Success Coach

If You Use Your Credit Cards, You Do Not Want to Rich

Name: If You Use Your Credit Cards, You Do Not Want to Rich
Uploaded: 2025-06-03T21:55:32+00:00
Duration: 13 s
Channel: Dr. Toby Potter
Description: In this short YouTube clip, three speakers argue that using credit cards is a barrier to becoming wealthy. Speaker A repeats the line “If you use your…

3 Jun 2025 · 0 min

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In this short YouTube clip, three speakers argue that using credit cards is a barrier to becoming wealthy. Speaker A repeats the line “If you use your credit cards, you do not want to be rich,” citing Mark Cuban as an example. Speaker B expands on the idea, stating that the best investment is to pay off and destroy credit cards because the interest rates (15‑20%) represent a guaranteed return when eliminated. Speaker C reinforces the point by mentioning both Dave Ramsey and Mark Cuban, emphasizing that wealth is less about income and more about avoiding debt, and clarifies the distinction between ordinary debt (like credit cards) and leverage used for investment. The segment ends with a promotional call‑to‑action urging viewers to like, share, subscribe, and promising a program to become a millionaire within 12 months.

If you use your credit cards, you do not want to be rich. Anytime you say something about debt, people send it to me. Look at Cuban. Look at what Cuban say. And vice versa. Yeah. So cut up your credit cards. If you use a credit card, you don't want to be rich. Don't want to be rich. Yep. I like that line.
That's a good line. That's my favorite line. I tell it to people all the time. People then, they ask me, well, where's the best place to invest? I said, your best place to invest is to pay off all your credit cards and burn them because your credit card, you know what your return is, right? If you get off, you know, you're paying, 15%, 20% interest. If you pay that down, you just earned 15% or 20%.
Dave Ramsey, Mark Cuban, both of them 100% correct. It's not how much money you make. And many, many, many multimillionaires, billionaires will tell you it's not about how much money you make, how much you save. There's a big difference between debt, credit card, and lending for leverage. Understand the difference between debt and leverage. Give me a call. Like, share, subscribe. Let's get together. We're going to show you how you can become a millionaire inside 12 months. So let's do it.