CNN article on future millionaire using parked 0% CC money to generate interest

[Mike33]

http://money.cnn.com/2005/02/01/pf/rp_tong/index.htm?cnn=yes

is it just me or is this gonna backfire on him someday.
pretty interesting read, though.

[tom10]

That's a pretty smart move I'd think. Speaking of CNN, my school was on it last night on something with the Halocaust and my former english teacher Mrs. Muller. I thought that was pretty cool.

[psaturn]

That sounded like a good idea ! LOL
Never thought about that...
but that will tank your credit rating since you have such a large credit and large balance and you have to make sure you do make the minimum monthly payment because if you are late or skip once, you will be hit with huge penalties and interests.

[Mike33]

[ QUOTE ]
That sounded like a good idea ! LOL
Never thought about that...
but that will tank your credit rating since you have such a large credit and large balance and you have to make sure you do make the minimum monthly payment because if you are late or skip once, you will be hit with huge penalties and interests.

[/ QUOTE ]

wont need a good credit rating if your a millionare. lol

[Mecha04]

Good Idea. I thought about doing this also but I would not be tempted to take out as much as him.