Posted on 10/14/2014 7:50:13 AM PDT by Academiadotorg
we didn’t but weren’t there some credit cards before then, like Diner’s Club?
“Taken with a grain of salt, because Credit is always BAD, not only does it allow you to buy something you cannot afford, it pulls forward demand for goods and services. WHich means you must keep expanding credit to keep the ball rolling.
Learn to Live within your means, if you do not have the FULL amount necessary to pay for the product, DONT BUY IT.”
Welcome to the 21st century, man from BCE. Credit allows you to even out your payments on items that you had to pay for all at once in the (ancient) past. Without credit, only rich people and old people would have cars. A young college grad just starting out would not be able to hold a job that he couldn’t walk to. And credit saves lives, too. You get to have a needed medical operation when you need it and worry about paying for it later. Just because some people abuse credit doesn’t mean the rest of us should suffer.
Same here never use one it’s funny when people buy some thing on sale with a credit card they think they made a deal.
I think credit cards are loan sharks. That is why you should keep a 0 balance.
Congratulations on your monetary success in life, you should be proud.
I am not as financially successful as you but I have done well using my strategies taken advantage of credit opportunities, and will continue to do so. As example, I had the cash to buy my last car but chose not to do so since I was offered a 5 yr loan at 0%. Should I have paid cash or did I do the smart thing to use their money interest-free while using the cash to pay down the house mortgage more quickly?
Buy a car that is a few years old and it is like a big discount.
Cars now will run 200,000 miles and still be reliable.
Credit cards can be a great way to grow a new business. Many a small business person got going with credit card debt.
I did both, I did the Major Debt game 20 years ago but after a while you literally become a prisoner of debt, where any hiccup in your income screws you big time, it just isn’t worth it in the long run, the security of having No Payments makes your earnings taste better while growing faster and giving peace of mind. It allows one to live to work instead of working to live.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.