Is Martin Lewis Teaching The Wrong Thing about Money?

2020-10-05

Is 'The Money Saving Expert' wrong about Credit Cards? Credit cards charge insane interest rates, causing people to get into spiralling debts, making it easy to overspend and making purchases seem less real. The dangers of credit cards are well known, they encourage us to spend more by offering us points, which may increase us getting caught up in the debt spiral. In this episode Money Tipps questions Martin Lewis encouragement of credit cards and asks is it right to promote and profit from something...

Is 'The Money Saving Expert' wrong about Credit Cards?

Credit cards charge insane interest rates, causing people to get into spiralling debts, making it easy to overspend and making purchases seem less real.

The dangers of credit cards are well known, they encourage us to spend more by offering us points, which may increase us getting caught up in the debt spiral.

In this episode Money Tipps questions Martin Lewis encouragement of credit cards and asks is it right to promote and profit from something so damaging to our long term wealth?

We also discuss the FIRE (Financial Independence and Retire Early) movement and we discuss Black Lives Matter.

This is the second of two episodes where Andy Webb from 'Be Clever With Your Cash' joins us to discuss money.

Listen today

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