Recently, I came across this YouTube video about this real estate investor from U.S.emphasing about the need of having at least one credit card as early as you can afford to. He starts the video by talking about his family situation since young where his family was very opposed to having debts in cluding credit cards. So his family did not have a good impression of credit cards and everything should be paid in cash. Credit cards also made his parents became bankrupt and so he was really into cash. As a real estate investor he wanted to purchase a few good properties and needed money to invest in. So he used $200 000 which he had as savings in cash. He then went to a few banks and wanted to use 25% of the $200 000 as down payment. The rest would be a loan from the ......