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Her parents gave her a credit card at 16 to build credit. She found $40K in debt on it 6 years later
Key takeaways
- Her parents gave her a credit card at 16 to build credit.
- But what happens when that “gift” turns into a major burden?
- Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
Her parents gave her a credit card at 16 to build credit. She found $40K in debt on it 6 years later shutterstock.com / fizkes Laura Grace Tarpley Mon, June 15, 2026 at 1:00 AM GMT+7 5 min read Making a child an authorized user on a credit card can be one of the greatest gifts parents can give. The short-term gift is that the teen or young adult uses the card to pay for essentials, such as gas or textbooks. The longer-term benefit is that the child can start building credit.
But what happens when that “gift” turns into a major burden?
Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
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