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New Lesson - CardsWhen you’re prepared,
You own the game
When you don’t,
You suck
(thread)
How Credit Cards Ruin Your Life
First off,
I am not saying
Don’t get a credit card.
A credit score
is the #1 way
To move up in economic status
You need one.
BUT
If you buy the whole bar drinks
You’re a dumbass
And you deserved it
...anyway, moving on
I am not saying
Don’t get a credit card.
A credit score
is the #1 way
To move up in economic status
You need one.
BUT
If you buy the whole bar drinks
You’re a dumbass
And you deserved it
...anyway, moving on
There are 3 main ways that you can get burned:
-Overspending
-Debt
-Interest
-Overspending
-Debt
-Interest
1) Overspending
You spend more paying with a credit card
Than paying in cash.
Read that again.
I know you didn’t read it again
So I’m gonna put it here again
You.
Spend.
More.
Paying.
With.
A.
Credit.
Card.
Than.
Paying.
In.
Cash.
You spend more paying with a credit card
Than paying in cash.
Read that again.
I know you didn’t read it again
So I’m gonna put it here again
You.
Spend.
More.
Paying.
With.
A.
Credit.
Card.
Than.
Paying.
In.
Cash.
2) Debt
When you borrow money
You create debt.
More you borrow = More you owe
Bro...
Do I really need to explain this further?
When you borrow money
You create debt.
More you borrow = More you owe
Bro...
Do I really need to explain this further?
3) Interest
Once Debt has bent you over
And given it to you
You will be paying
Anywhere from 17-26% on
All of your debt
Every. Month.
AND
...they will not say thank you after
Once Debt has bent you over
And given it to you
You will be paying
Anywhere from 17-26% on
All of your debt
Every. Month.
AND
...they will not say thank you after
So, what can you do?
Pay in cash!!
Use a debit card!!
Designate your credit card
Only
For certain small items
THAT’S IT.
Nothing else.
No
You don’t need any more damn shoes
Flip them instead
And make a profit
Pay in cash!!
Use a debit card!!
Designate your credit card
Only
For certain small items
THAT’S IT.
Nothing else.
No
You don’t need any more damn shoes
Flip them instead
And make a profit
Smart money
Makes big money
Don’t be a dumbass
You’re welcome
Makes big money
Don’t be a dumbass
You’re welcome
