Haha good one. The fact is that credit is nothing more than an “I love debt” indicator. Your statement is really just a justification to youself to have rotating debt. Period....
You may pay it off every month, but facts remain. Debt is debt. What is even funnier is your pride about the 1% rebate. The reality is that people who use cash apend 30% less (on averag) than CC users, so the kickbacks are a joke. Add in the purchasing power of cash and the differenc is amazing.
I have no issue with people that want to use CC’s, however the cards are not some great “tool” that will make a person wealthy. I’ve yet to hear one wealthy person say that cc rebates were the key to building wealth. I have heard many say that a critical element in building wealth is using cash! I’ll do what wealthy people recommend....
You didn't read my original posting, or at least comprehend it.
We don't have revolving debt. Period. Since I zero all our accounts when I get paid, I rarely even have more than $50-100 show up on my credit report each month.
The reality is that people who use cash apend 30% less (on averag) than CC users, so the kickbacks are a joke.
Whether we use a credit card has no effect on how much we spend. I don't like to carry around any significant cash, and credit cards are accepted everywhere, when checks aren't.
I have no issue with people that want to use CC’s, however the cards are not some great “tool” that will make a person wealthy.
I never claimed that credit cards make someone wealthy. But, it they make it a lot easier for us to manage money. If you don't like using them, that's fine. But, I consider credit cards to be a major convenience, that costs nothing if you use them responsibly.
I’ve yet to hear one wealthy person say that cc rebates were the key to building wealth. I have heard many say that a critical element in building wealth is using cash! I’ll do what wealthy people recommend....
Now you are really stretching things. Rebates are simply a way to reduce the costs of things you would by buying anyway, just like coupons and waiting to buy things on sale. We do all of those things. By itself, it didn't make us wealthy. We did that by spending much less than we earn each month, for decades.