Mark Cuban’s 16% guaranteed return strategy beats picking stocks and it is not hard to do according to Mark Cuban, “Shark Tank” star, billionaire entrepreneur.
What then is Mark Cuban’s 16% guaranteed return strategy?
“Just pay off your debts”, explains Mark Cuban.
“Just pay off your debts”
MARK CUBAN
The world’s largest consumers jollied on easy credit are doing the exact opposite to Mark Cuban’s 16% guaranteed return strategy of reducing their debts
US household debt increased by approximately 5% in 2018. Credit card balances carried from month to month reached $420.22 billion in late 2018, according to NerdWallet’s annual analysis of US household debt.
The typical US household has an estimated credit card debt of 6,929 USD in revolving balances, or balances carried from one month to the next, according to analysts.
Mark Cuban’s 16% guaranteed return strategy of living debt free is out of lock-step for a society so hooked on debt to satisfy their consumption needs
The mind control matrix has brain washed the herd into believing that self-worth is about materialism, the car you drive, where you live, the holidays you take.
Moreover, social media which has become an extension of the mind control matrix is now taking “keeping up with the Joneses” to a new level, it has become a national obsession.
“Credit card balances carried from month to month reached $420.22 billion in late 2018, according to NerdWallet’s annual analysis of US household debt”
People are going into debt to make sure they too can display online to friends, family and the world that they are living a celebrity lifestyle. Fake money is fuelling a fake lifestyle.
About 1 in 11 (9%) Americans who have credit card debt say they don’t think they will ever be completely free of credit card debt, according to a NerdWallet survey conducted by The Harris Poll
But credit (debt money) comes at a huge cost. For example, credit card debt typically attracts higher interest rates which compound the debt thereby making it a challeng to pay off.
“Credit card debt is the stain on millions of Americans’ finances that doesn’t scrub off easily, if ever” – Kimberley Palmer (NerdWallet)
Mark Cuban’s 16% guaranteed return strategy of paying down debt may be unrealistic for many
“Credit card debt is the stain on millions of Americans’ finances that doesn’t scrub off easily, if ever” says NerdWallet credit card expert Kimberly Palmer. “High-interest rates combined with expenses that continue to outweigh income mean that some households are unable to fully rid themselves of debt and, in fact, continue to take on more.”
Mark Cuban’s 16% guaranteed return strategy would mean a society unplugged from the matrix, living a Spartan minimalist lifestyle with maybe even harsh austerity. How many people would be equipped with the mindset to adapt to those conditions?
Debt free living within one’s means would be the suicide of modern society as we know it.
Is Mark Cuban’s 16% guaranteed return strategy yet another billionaire which is out of touch with today’s reality?
“The reason for that is whatever interest you have — it might be a student loan with a 7% interest rate — if you pay off that loan, you’re making 7%,” Cuban said.
But let’s be realistic the route to a well-paying job is still higher education so student loans are $1.44 trillion. To get to work you’ll need transport, auto loans are $1.27 trillion and to put a roof over your head mortgages loans are $9.14 trillion. I still have not included credit card debts.
Without an inheritance head start Mark Cuban’s 16% guaranteed return strategy for young households opting to live a modern lifestyle debt free could be unrealistic.
