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Annual percentage rate U.S. Federal Trade Commission – Credit, Debit, and Charge Cards
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This is where having good credit comes in handy, as it can get you a lower APR.

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And, in some cases, credit cards might seem like great deals until you read the fine print and disclosures U.S. Federal Trade Commission – Credit, Debit, and Charge Cards
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Remember credit card companies are businesses, they are there to make money, not give you free money.

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You can use a credit card to buy things and pay for them over time. But remember, buying with credit is a loan — you have to pay the money back U.S. Federal Trade Commission – Credit, Debit, and Charge Cards
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A credit card basically allows you to take out loans that you are expected to pay back within a short period of time. However, it can be a very expensive way of borrowing money.

It is certainly not free money, and usually the longer it takes you to pay the money back, the more it will cost you.

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The APR is a measure of the cost of credit, expressed as a yearly interest rate. It must be disclosed before your account can be activated, and it must appear on your account statements. The card issuer also must disclose the “periodic rate” — the rate applied to your outstanding balance to figure the finance charge for each billing period U.S. Federal Trade Commission – Credit, Debit, and Charge Cards
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The cost of your credit as an annual rate. However, APR is a theoretical figure and it is important to remember that interest rates are COMPOUNDED. That means:

If you owe $100 at the end of Jan at a 24% APR with a MONTHLY finance charge, you will NOT owe $115 at the end of the year. Instead, you will owe

24% / 12 months = 2% (monthly rate)

$100 * 2% = $102 (owed at the end of the month)

Then the NEXT month you will owe 2% ON TOP of the $102, or $104.04

Basically, the amount you owe at the end of the year will actually be more than $115.

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When applying for credit cards, it’s important to shop around U.S. Federal Trade Commission – Credit, Debit, and Charge Cards
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This is a great list of credit cards.

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My Drawing Number Two looked like this Antoine de Saint-Exupéry – The Little Prince - Chapter 1
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It looked like this Antoine de Saint-Exupéry – The Little Prince - Chapter 1
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Here is a copy of the drawing Antoine de Saint-Exupéry – The Little Prince - Chapter 1
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Fear creates its own self-fulfilling dynamic—as people give in to it, they lose energy and momentum. Their lack of confidence translates into inaction that lowers confidence levels even further, on and on Robert Greene (Ft. 50 Cent) – The 50th Law Introduction
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The notion that a project might fail is at the core of everything worth doing. Confidence (and success) comes from confronting that fear rather than letting it paralyze you into inaction.

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People can be full of book knowledge and crammed with information but have no real sense of what’s going on around them. It is in fact a function of character and fearlessness Robert Greene (Ft. Ryan Holiday) – Chapter 1: See Things For What They Are - Intense Realism
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“Be intolerant of ignorance but understanding of illiteracy. That some people, unable to go to school, [are] more educated and more intelligent than college professors.”

-Maya Angelou

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