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Minimum Payments Are a Trap

Most people think minimum payments are safe. They’re not. In this video, I break down exactly what happens when you carry $5,000 at 20–22% interest and only pay the minimum. How much goes to interest? How much goes to principal? How long does it really take to escape? You’ll see: How credit card companies structure minimum payments Why it feels affordable but costs you thousands What happens if you add $100 or $200 extra per month How to stop “Buy Now, Pay Forever” This isn’t about shame. It’s about math. Get the Quadrants spreadsheet free but be sure to make a copy before using it: https://docs.google.com/spreadsheets/...