How is it credit card companies act like they’re doing us such a big favor in letting us become enslaved to them? I mean, of course loans can be useful so it’s nice to know if your credit is good enough to get one, but you’re basically signing up to be a slave if you don’t have the means to pay it back.
Society is so warped in that most people are used to living above their means. It’s normal to buy what you don’t have the money for. It’s like we never outgrow the childish mentality that if I want it I should get it now.
“It’s okay if my bank account says otherwise. I have this shiny plastic thing that tells me I can buy my every heart’s desire. Weeee~!”
It’s so not worth it because eventually, it will catch up to you. Then you’re wondering why you have enough money to own a flat screen television, the latest iphone, unnecessarily upscale furniture, and a sleek car, but are declaring bankruptcy because whoops, you forgot to pay your overpriced mortgage.
I don’t understand why anyone would willingly invite that sort of stress into their lives.
Of course, like I said, there’s a time and a place for credit cards such as if you’re making an investment into jump-starting a business or buying a house you know you’ll actually be able to afford the payments of. But most times people get into credit card debt for the wrong reasons. For appearances, or for their own opinion of what their quality of life should be at all times. Sometimes you gotta slum it for a while in the present to live breezily for a long time in the future my friends. This is the best piece of advice my father ever passed onto me.
Never forget that those pretty little letters of congratulations that invade your mailbox unsolicited and ask for personal information, are not declarations of a bank’s love and general admiration for you so “Ta-da! Here’s some free money!”
They are little invitations into financial slavery.
Spurn them. Hiss at them like a feral cat every time you see them if that helps you remember that NOTHING in life is free, especially not your financial future.