After university graduation, the biggest mistake we ever made was to get more one credit card. Yes. We started having 10 credit cards at one time. It was not difficult as each back will offer more than one credit card. As some of you know, some credit cards give you some promotions on petrol stations, some on retail shops, some on food outlets and their rewards points are different. So, we thought, the more credit cards we have, the more we can save.
For example, if we go to eat dinner at a certain restaurant, when the bill comes, we will ask, "Do you give any special discount for any credit card?" In many cases, they did.
So, that is how the credit cards debts journey started. Instead of saving more, we started spending more, and it went beyond what we could pay off. That's the danger of credit cards. We did not have the discipline of paying what we spent within one month. The credit cards interest started to accumulate. It came to a point, as I have mentioned in my book "Uncensored Truth About Money", that our debts reached the amount of $100, 000. That's a lot of money.
In 2003, we got saved by God's grace and got married. About 7 years we were so blinded and had no idea how the Kingdom of God worked in relation to money. Getting in debts is one thing. Getting out of debts is another thing. So, what happened?
A man of God prophesied over us that we are to invest in properties. Notice it is in plural. At that time, our income was not very big. I was having a position in sales and marketing and Olivia, my wife was a new lawyer.
Regardless of our situation, we believed the prophecy and within a period of seven years we invested in 10 properties and all transactions we profitable. Actually, just one property transaction wiped away our credit cards debts. Thank God for the man of God.
My name is Faiket and I am an Albanian living in Asia for more than 25 years. I am happily married to Olivia and we are blessed with two lovely kids, Odelia and Feivel.