Read Time: 4 min

Hey Reader,

I'm sending this from sunny Denver, Colorado!

My friends and I decided to do an impromptu weekend snowboarding trip. Unfortunately we didn't expect 2 very big things:

1. It's actually WARMER in Denver right now than in NYC
2. April is NOT a good time to go snowboarding because most of the snow is slushy and/or melted…

But regardless we made it work. Check out the "🗓️ Behind The Scenes" section for a pic.

Now that you're up to speed, let's go build some wealth.

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👀 What I'm Watching

I have bad news for anyone with credit card debt.

There's a real chance your interest rate will go up, meaning you might end up paying MORE money than before.

What's happening?

On April 8th, the Fed's March meeting minutes came out and it looks like there's no rate cut coming. A few Fed officials even brought up raising rates.

(yes, RAISING. In 2026. I had to read that twice too.)

Then on April 10th, the latest CPI data shows inflation increased to 3.3% (up from 2.4% the previous month) and unsurprisingly, almost all of it is from a 21.2% one-month spike in gas prices.

Unless the Iran war situation changes, that basically locks in no rate cuts, and makes the 'what if we raised it instead' conversation a lot less hypothetical.

Why? Well, the Fed can't cut rates without making inflation worse. So interest rate either stays where it is or goes up.

And if they raise rates, credit card companies will do the same.

The good news is there might be something you can do about it before that happens.

📝 The Breakdown

Here's how this impacts your money and wallet:

Did you ever make a credit card payment, check your balance, and wonder why it barely moved?

Let's say you owe $10,000 across a couple credit cards and you're paying $250 a month.

You think you're making a dent but at 22% interest rate (which is the current average rate for credit cards), here's how your $250 monthly payment gets split up:

• $183 goes to interest payments
• $67 goes to what you owe

Although you paid $250, your credit card balance only drops by $67.

At this rate, it'll take you almost 5 years to pay off and you end up paying $5,400 in interest on top of the $10,000 you already owed.

And that's before paying for gas at $4.16 a gallon, higher grocery prices, and airlines charging $45 to check a bag that cost $35 a few weeks ago.

The sad reality is those numbers could get even worse.

✍️ Your Next Move

Here's what you need to do today:

There's a strategy called debt consolidation, and it's worth looking into before rates go any higher.

Instead of paying 22%+ across multiple credit cards, you replace them with one personal loan at a lower fixed rate.

Why fixed? Because if the Fed raises rates, your credit card's interest rate goes up with it.

But a fixed rate personal loan WON'T go up.

You basically lock in your rate now and it stays there regardless of what the Fed does. (Fixed rate means your payment stays the same even).

Most people with decent credit scores qualify for a personal loan somewhere in the 8-12% range.

You take out the loan, pay off all the cards at once, and you've got one simple payment to focus on instead several different credit cards.

For example, if you owe $10,000, going from a 22% to an 8% rate saves you about $115 a month.

That's nearly $1,400 a year that was going to your credit card company for nothing.

So if you currently have credit card debt, it may be worth seeing what rate you qualify for.

(and no, checking your rate won't ding your credit score)

It takes about two minutes to check your options.

And you'll instantly see whether you qualify and what your rate could be.

Many people are surprised by how much their monthly payment could drop.

🗓️ Behind The Scenes

Here's a quick recap of what I was up to this past week:

• I've been having a LOT of problem with my AirPods this week. My right AirPod will randomly stop connecting and playing sound. I've tried everything from re-connecting my AirPods to cleaning the case and making sure it's 100% charged. Nothing is working. Did you ever experience this or is it just me?
• The last time I was in Colorado, I randomly stumbled into this food hall and had some WONDERFUL burnt ends. And yes, I've had burnt ends in Kansas City before. It's from this place called 'Smok' so if you're ever around Denver, 10/10 would recommend.
• Here's a pic of me going up the lift

✅ Cool Things From This Week

• Money Tip of the Week: 7 frugal habits that helped me save $100k by 24​
• ​Your streaming bill keeps going up. Here's what Americans are doing about it.​
• ​Gas prices are at a 4-year high. Here's how much more you're paying to fill up.​