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I Just Gave Up $4000 Per Month to Keep My Freedom of Speech

mrmoneymustache.com

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Re: I Just Gave Up $4000 Per Month to Keep My Freedom of Speech

#4

Awesome article. Kudos for sticking to your guns, and I hope your revenues skyrocket, even though credit cards are the worst financial decision anyone could ever make. I'd rather YOU make money on their bad decisions than Chase or Citi.

Saying credit cards are bad financial decisions is like saying getting a drivers license is a bad safety decision.

Beyond the fact that you can use credit cards to your financial benefit, simply getting the card has no consequences whatsoever. (Unless you buy into the 'you must keep a balance to maintain good credit' myth.)

Re: I Just Gave Up $4000 Per Month to Keep My Freedom of Speech

#5
post #4

Awesome article. Kudos for sticking to your guns, and I hope your revenues skyrocket, even though credit cards are the worst financial decision anyone could ever make. I'd rather YOU make money on their bad decisions than Chase or Citi.

Saying credit cards are bad financial decisions is like saying getting a drivers license is a bad safety decision. Beyond the fact that you can use credit cards to your financial benefit, simply getting the card has no consequences whatsoever. (Unless you buy into the 'you must keep a balance to maintain good credit' myth.)

Your simile doesn't work. One needs a driver's license to drive. One does not need a credit card to make purchases.

And getting card actually can be a bad financial decision as too many cards can negatively affect a credit score.

Re: I Just Gave Up $4000 Per Month to Keep My Freedom of Speech

#7
post #5
post #4

Earlier quoted context omitted.

Saying credit cards are bad financial decisions is like saying getting a drivers license is a bad safety decision. Beyond the fact that you can use credit cards to your financial benefit, simply getting the card has no consequences whatsoever. (Unless you buy into the 'you must keep a balance to maintain good credit' myth.)

Your simile doesn't work. One needs a driver's license to drive. One does not need a credit card to make purchases. And getting card actually can be a bad financial decision as too many cards can negatively affect a credit score.

But not having any credit cards can also negatively affect your credit score.

Re: I Just Gave Up $4000 Per Month to Keep My Freedom of Speech

#8
post #5
post #4

Earlier quoted context omitted.

Saying credit cards are bad financial decisions is like saying getting a drivers license is a bad safety decision. Beyond the fact that you can use credit cards to your financial benefit, simply getting the card has no consequences whatsoever. (Unless you buy into the 'you must keep a balance to maintain good credit' myth.)

Your simile doesn't work. One needs a driver's license to drive. One does not need a credit card to make purchases. And getting card actually can be a bad financial decision as too many cards can negatively affect a credit score.

One needs a driver's license to drive. One does not need a driver's license to travel.

Re: I Just Gave Up $4000 Per Month to Keep My Freedom of Speech

#10
post #4

Awesome article. Kudos for sticking to your guns, and I hope your revenues skyrocket, even though credit cards are the worst financial decision anyone could ever make. I'd rather YOU make money on their bad decisions than Chase or Citi.

Saying credit cards are bad financial decisions is like saying getting a drivers license is a bad safety decision. Beyond the fact that you can use credit cards to your financial benefit, simply getting the card has no consequences whatsoever. (Unless you buy into the 'you must keep a balance to maintain good credit' myth.)

Getting a drivers license is perhaps the worst safety decision a modern human can make. The reality is that your _average_ person, if they have something, will use it. Whether that's a drivers license or a credit card is immaterial.

This, of course, contrasts with something like a condom, where, if you are going to have sex (unlike driving, or purchasing on credit) - you are going to do it, regardless of whether you have the license/plastic (no pun intended) - so you may as well do it safely.

It's very difficult (impossible?) to go into debt to a credit card company, if you don't have a credit card. Likewise the vast, vast majority of people who don't have Drivers Licenses (by choice, as opposed to having them taken away) - tend not to cause fatal accidents.

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