In my last post I talked about how the credit card companies are making some of the best interest rates of any investment, on the money that they're lending you. You're basically paying for their yachts, mansions and all the other extravagant things the bigwigs at those companies buy.

But you know, there is another side to the interest rates they're charging.

If you're already deep in debt on these high-interest credit cards, it's too late to avoid the problem. You're already helping them double their money every couple of years.

But think about this…

If you get those cards paid off as fast as humanly possible, you're basically "earning" that interest you no longer have to pay for yourself.

Instead of paying twice as much for the same purchases after 3 years of financing them, you're only paying a bit more than the original cost, and your putting the rest of that future interest back in your own pocket.

Or freeing it up to pay off other lower-interest debts.

If you're carrying a balance on any of these credit cards that are up in the 27-28% range, get them paid off as fast as you can.

You'll be the one "earning" that 27-28% once they're paid off.