It’s not everyday you hear Seth preaching about money. His latest personal finance advice should be carved behind all the credit cards issued to fresh applicants who are using the plastics for the first time.

If I could only share one piece of personal finance advice to grads or to just about anyone, it would be this:

Only borrow money to pay for things that increase in value.

Read the full article at Seth’s blog.

Noticed that he emphasized on the urgency of clearing off your credit card debt. The amount of interest you are being charged daily on the plastics is simply ridiculous. And when the new policy where the 20-day interest free period kicks in, there’ll be even more reasons to start shopping with “current money”.

• The Dip
• A Crisis of Solvency and Liquidity (Part 2)
• Credit Card Termination Form
• ALPDS: Credit Card and Debt Counselling
• Badminton Muscles
• Who Benefits from Credit Cards?
• Living with Designers
• What's Your Worldview on Money?