It's May 21, 2024, 08:57:18 AM
How many of you have caught this concept? It's in the bible; "The Borrower is Slave to the Lender".I'm never, ever, ever going to borrow money to buy something again. When I was in High School, I borrowed money from my dad to buy a car. When I was in College, I borrowed money on credit cards to just fuck off and do whatever I wanted. Years later, I ended up owing 16 thousand dollars in College Loans for a degree I don't even need to use, and 12,000 dollars in Credit Card bills, with not 1 thing to show for it. Today, I have it knocked down to the college loan and 1 credit card, and I hope to pay the credit card off in about a year. I'm never, ever borrowing money again (with the exception of a house). It's great not having any payments. I feel free. People that have 4 or 500 dollar car payments are fucking crazy. You're a slave. You don't even own the car, the bank does, you're just paying them 500 a month to ride in the fucking thing. Rent a cab, it'd be cheaper. It just shames me to see so many Americans making the mistake of borrowing money. Consumer debt is up to an alltime high, like it is each and every year; higher, higher, higher. Drop that shit and own what you have. The only way a bank makes money is on YOUR money. Make money on your own money, dont' let somebody else have it.
Very true.. Have said this before, but I never borrow money. I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay
build up credit for what? i dont need it.. i have 5k ($10k) credit on that one card... so... ? yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!if i *need* to borrow, then i will.. i dont, so i wont..?
stupid though isnt it?
Quote from: Overseer on April 13, 2004, 07:37:03 AMVery true.. Have said this before, but I never borrow money. I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay Well how are you going to build up your credit with 1 card.I have no debit card but I have 4 credit cards (2 MasterCard/1 Visa/1 Discover)Yeah I aslo pay off bills every month...lol they probably hate me cause they're not making money off me