Credit Cards are a stupid idea for the consumers. If you don't want to be hassled with cash, use a debit card. Otherwise don't go into perpetual debt for shit you don't need.
Last edited:
I was big into drug culture a few years ago, and the most hardcore drug users were math and engineering students. Engineering students also drink a lot.
Various studies seem to confirm my observations:
https://www.psychologytoday.com/blo.../201010/why-intelligent-people-use-more-drugs
There's no harm in identifying with a group as long as the person stays grounded in reality. It's not like every person listening to country music owns a horse. Not every person listening to rap shoots people.
This may be Aesop's fox. I can't get a credit card - so nobody should have a credit card. I can't imagine how I could ever afford a house - so buying a house is stupid. And as HamburgerBoy points out, there is no statistical difference once one corrects for economic and social factors.The really dumb people seem to have the worst understanding of how drugs work, what they do, what they don't do, etc. I've never heard a smart person claim MDMA puts holes in someone's brain, but I've heard really stupid people say that. Really stupid people also have weird fears about dying from marijuana poisoning, or having "spinal bleeding" from LSD.
It seems like really stupid people are controlled by fear. Those same stupid people will swear that credit cards are a bad idea. They also say buying a home is a stupid idea; they truly believe landlords are renting units out below cost. I'm not sure who told them this. Maybe the landlord did.
Exactly. They are the brightest but also the group with the most means to get any drugs, even expensive and rare ones, and also the most likely to feel isolated from any consequences. If one is a welfare rat trying to claw up out of the ghetto, one is probably aware that a fair chance will not usually be given and that one really bad decision can and will knock one all the way back down to the bottom. If however one is the child of a professor knocking down a quarter mil a year, one probably assumes that whatever happens, mommydaddy will make it all right.idgi, in the second graph aren't they showing that it's not statistically significant when you factor in various social variables? The rich preppy children of doctors, professors, etc are going to have better access to more exotic drugs. Additionally, a person with an IQ below 75 is bordering on mentally retarded; do you think the average person with Down's knows how to access drugs easily?
I used to believe that, but now I use credit cards almost exclusively. I've had my card information stolen several times, and I figure the bank will work harder to get back its money than to get back my money. And for cards with cash back and no annual fee, as long as they are paid in full each month there is a negative cost. I spent maybe three grand on Christmas and I'll actually make roughly $30 - $50 doing so - without any time or effort spent running down the best deals on card.Credit Cards are a stupid idea for the consumers. If you don't want to be hassled with cash, use a debit card. Otherwise don't go into perpetual debt for shit you don't need.
Credit Cards are a stupid idea for the consumers. If you don't want to be hassled with cash, use a debit card. Otherwise don't go into perpetual debt for shit you don't need.
LOL, yep.
People are too stupid to manage their own money. Ban credit cards.
Thanks Bernie.
Loss Limits The good news: federal law limits your liability for fraudulent transactions on a debit card to $50. In other words, if your card is stolen, the most youll have to pay for any phony charges is fifty bucks. The bad news: this rule only holds if you notify your bank within two days of discovering the theft. If you check your bank account regularly, this wont affect you much. But if you dont keep a close eye on your bank statement, this could really get you into trouble.
Immediate Loss If youre experiencing fraud related to your debit card, that money is going to come out of your account in real time. And if thats your primary bank account, youre going to be in big trouble. On the other hand, when fraud is committed with a credit card, you can stop the payment immediately, so you wont be left in the red.
Merchant Disputes Imagine this: youve made some purchases online, but the product never arrives. What steps can you take as a consumer? Well, if you paid with a credit card, youll have a much easier time recouping your losses, since you can stop payment. When you pay online with your debit card, that money comes directly out of your account at the time of purchase, and theres not much you can do about it.
Phantom Charges You might have heard about this problem before, but heres the lowdown. When you check into a hotel, the hotel typically takes an imprint of your credit card. This is how the hotel protects itself against non-payment by customers who use the mini bar, damage the room, or incur other charges. Your credit card is not charged until you check out. When you pay with a debit card, some hotels will overcharge you for the room at the outset, freezing a certain amount of funds on your card, so that if you acquire any charges during your stay, they will be able to hold you accountable. These are not real charges because they dont last, but they do make some of your funds untouchable for a few days. These phantom charges may cause you to overdraw your account, or be left with no money to spend, which can be a real problem when traveling. Gas stations, as well as rental car companies, withdraw phantom funds as well.
Overdraft Charges A common misconception is that if you run out of funds, the bank wont let the transaction go through, and your card will get rejected. This is not always the case! A debit card usually wont get rejected like a credit card will. Say you have $5 in your account, and youre buying a $10 meal. You could end up getting charged $40 for that meal, when you get slammed by overdraft fees.
Um.... right. And what happens when a thief empties your bank account? Why risk your own money like that? I have had several credit card disputes and based on that experience, I would never use a debit card. Debit cards are great unless something bad happens..... then you are just plain fucked. Good luck with that.
http://www.quickenloans.com/blog/avoid-debit-card
Credit Cards are a stupid idea for the consumers. If you don't want to be hassled with cash, use a debit card. Otherwise don't go into perpetual debt for shit you don't need.
Why would I use an insured credit card and risk paying 2% interest if I forget to pay the bill within 20 days when I could just carry around $5,000 in cash? Credit cards are dangerous! You should always carry at least $1,000 in cash.Reading comprehension? I was making your point exactly. Morons use debit cards.
I'm not even sure how this is possible. If you can afford $1,000 per month for rent, you can probably afford $800 per month for a loan. My mortgage is about $350/month. Here's a list of Spokane apartments:This may be Aesop's fox. I can't get a credit card - so nobody should have a credit card. I can't imagine how I could ever afford ahouseproperty - so buying a house is stupid. And as HamburgerBoy points out, there is no statistical difference once one corrects for economic and social factors.
Credit Cards are a stupid idea for the consumers. If you don't want to be hassled with cash, use a debit card. Otherwise don't go into perpetual debt for shit you don't need.
Reading comprehension? I was making your point exactly. Morons use debit cards.
You fail at sarcasm detection.
Ironically, you and I could not do this with credit cards if not for stupid people buying things they don't need with money they don't have to impress people they don't like.If used properly they work very well. We only have one. I never spend more than $100 a month, and pay it off every month. Usually it's just a tank of gas as it usually lasts about 3 weeks. Using less than 10% of the available funds and paying it off is great for the credit.
The problem is when people have several and owe thousands on each, then yes I agree they suck. But that is what credit cards co's want you to do, not use it like I do.
Lots of people pay much less in rent, either through government subsidies, living in hell holes, or having multiple roommates. But for a person working full time, usually "I could never afford a house" really means either "I am heavily in consumer debt", and/or " my credit sucks ass", and/or "I could never save up a down payment."Why would I use an insured credit card and risk paying 2% interest if I forget to pay the bill within 20 days when I could just carry around $5,000 in cash? Credit cards are dangerous! You should always carry at least $1,000 in cash.
I'm not even sure how this is possible. If you can afford $1,000 per month for rent, you can probably afford $800 per month for a loan. My mortgage is about $350/month. Here's a list of Spokane apartments:
http://www.apartmentguide.com/apartments/Washington/Spokane/
Try to find one that even comes close to $350. The closest I can see is a studio, 170 square feet, for $375. In contrast, my place is something like 900 square feet, 2 bed rooms, top floor, and has underground parking.
lol He got me too.Damn!!! Jesus is my face red.
I almost envy people who have horrible credit. With the exception of people who have medical issues, the people with horrible credit are in that situation because they have a carefree life. I pay everything on time because I'm actually concerned about things like credit scores and interest expenses. It would probably feel nice to not care about things like that. Every day would have zero stress, completely ignoring all of life's responsibilities. Never worry about saving money for anything. Just enjoy every day, spend every penny, and then have that "I didn't save anything!" freak out at age 60.l" my credit sucks ass", and/or "I could never save up a down payment."
Just go for it, I say.I almost envy people who have horrible credit. With the exception of people who have medical issues, the people with horrible credit are in that situation because they have a carefree life. I pay everything on time because I'm actually concerned about things like credit scores and interest expenses. It would probably feel nice to not care about things like that. Every day would have zero stress, completely ignoring all of life's responsibilities. Never worry about saving money for anything. Just enjoy every day, spend every penny, and then have that "I didn't save anything!" freak out at age 60.
Those people also have interesting sex lives. Who needs birth control? Just go nuts. Worry about consequences tomorrow.