Power
I got one of those unusual-convention-defying advice from the Rich Dad Academy.
Increase your credit limit in all your credit cards, the speaker said. Have more debt, was the unspoken advice.
The reason: having access to a huge amount of money at the time you need money (and you will need money) will open up your world to more opportunities. The unspoken caveat: use it only to further a business or for personal development (read: do not purchase duds). Again, the unspoken: pay it off before you incur interest.
If you think about it, credit cards could be great. It will give you access to money that you have 30 days to pay for. Except – it could make you overspend.
Anyway, take the advice for what it is and know the pitfalls if you do.
And here’s how to increase your credit (and get some other extras):