The following is a paid review for MyCreditStrategy.com. This is my first paid review and I am not sure how many more I am going to be doing in the future. That said, this is more of an experiment than anything else.

Many people assume that becoming wealthy and taking out lines of credit are on opposite sides of the spectrum. I was also under the impression that credit cards were ultimately only harmful to one’s financial affairs. That being said, My Credit Strategy.com shows you how to use zero-interest credit cards to make a decent amount of extra income.

What is The Credit Strategy?

Here’s how it works: many banks offer zero-interest credit cards as an incentive for you to use their lines of credit. Because you do not have to pay interest on these cards for the first year, if you take out the full line of credit and invest it in a 5-6% checking or savings account, you can actually earn money on these cards. The site’s owner, Josh, shows you exactly how to do this including which cards to apply for and which banks to use.

There is even a method called App-O-Rama to apply for multiple cards at once from the same issuer and combine the lines of credit to make even more money. Some people have taken out well over $200,000 on zero-interest credit cards and are earning $40,000 or more a year

Be Careful With Credit

Most credit cards do have very strict stipulations as far as maintaining that zero-interest credit. Of course, you must make the minimum monthly payments on time and never go over the credit limit. Otherwise they will take away the zero-interest and jack up your rate to 15% or more.

The Web Site

Obviously, the site makes money by offering a large selection of affiliate offers for zero-interest credit cards. There is also a blog which contains some useful articles, including the breakdown of the illusive credit score formula and how to protect yourself from identity theft.

The site and blog look to be very new and would definitely benefit from more articles about personal finance. MyCreditStrategy.com also just opened a forum called the Smart Money Discussion Board . Although the forum is virtually empty, if you are going to build an affiliate site, it is a good idea to add as much useful content as possible. A blog and forum are steps in the right direction if they can be updated enough.

Overall, MyCreditStrategy.com is a nice looking site with some useful information and an interesting premise.

As I said, the only thing it is missing is more blog content and a busier forum, but for being a very new site, it looks like it is off to a great start.

Everyday there are new lottery winners. And everyday, there are lottery winners who file for bankruptcy. How can people be so financially careless, especially after they win so much money? Is it that initial exhilaration that leads them to believe they are invincible? What if you won the lottery, let’s say $87 million. What would you do?

Winning such a large sum of money should not be be viewed as a free pass for life. It is a huge responsbility and one that needs to be taken very seriously. Financial intelligence is a subject I wish they taught in grade school as it is one thing that usually provides for more pain and frustration then most people ever anticipate.

This is the story of one man who made a committment to not be like all of the other lottery winners who go bankrupt after a few years. This is one of the most interesting stories I have read all year and a must-read for anyone who hopes to make it big someday.

A brief excerpt:

One man, by the name of Brad Duke, a manager for five Gold’s Gym franchises in Idaho, pocketed a lump sum of $85 million after winning a $220 million Powerball jackpot in 2005. He spent the first month of his new life assembling a team of financial advisors. His goal: to use his winnings to become a billionaire. Here’s what Duke has done with his money so far.

After you finish reading this article, tell me how you would spend $87 million if you were to win it in one lump sum. Kind of makes you think twice about splurging it all on useless toys…

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