Being a Target.. For Debt Part One The major
Post# of 1584
Posted On: 11/23/2016 5:52:57 AM
Being a Target.. For Debt
Part One
The majority of us have at least one credit card.
Among this group, the majority also have more debt than they like to admit.
Have you ever been at the grocery store and the cashier asks, "How are you doing?" You spontaneously respond with, "I'm great, thanks".
You really want to say, "I just spent $150 on food for my family, I don't have $150 for food for my family, so I charged it to my credit card; I'm in debt up to my ears.. STOP ASKING HOW IM DOING!"
Life can be very complicated indeed. So whats the point of this post?
I suppose you can say it is a spin-off of the previous post. I love using the grocery store as an example because it is a microcosm of the world.
The building is like Earth.
The different departments are like the many countries.
Management is like governments.
The individual workers make up the population.
It really is quite fascinating to think about. If you ever have a spare 5 minutes, sit down at a bench in your grocery store and carefully watch how it operates. On the surface, everyone appears to be smiling. Everyone appears to be happy. Management appears to calmly assist their employees. It's nothing more than a utopia of bliss, order, and comradery.
But these aren't the things you should be looking at. Hidden amongst the blissful joy, if you look hard enough and clear your mind of what you 'think you are seeing', you'll see what I'm talking about.
Maybe it's a cashier letting out a sigh because he is tired and wants to go home.
Maybe it's a customer rummaging through her wallet, trying to find a credit card with some credit left on it.
Maybe it's a couple walking past you, and you overhear them stressing over the cost of food.
You may even catch a glimpse of the ultimate truth; a cashier asking how a customer is doing, the customer replies with, "I'm great!". But not a second later, the customer's smile instantly disappears, followed by a roll of the eyes, and their body gesture indicates everything is not actually 'great'.
Of course, it could simply be a person having a bad day. Debit isn't always the issue.
Ever notice ads always have smiling people pushing products? It is designed this way in order to make us believe that we will be happy if we buy products.
Ever notice your credit card statement? Many say, "YOU HAVE $4,521 TO SPEND!"
Hu, no. We do NOT have $4,521 to spend. The credit card company is actually saying, "You have NOT spent $4,521 yet. Do it NOW!" You see, credit card companies don't make money until you spend. They could care less about your debt problem.
Ever hear those commercials touting, "Cant get qualified for a car? We guarantee qualification today!"
..of course they will guarantee you qualification. They know, even before you walk through the door, that you wont be able to keep up with the payments. But they don't care because the second the loan becomes yours.. its YOUR problem; not theirs.
Of course, it is not healthy to become suspicious of everything. But the point I'm trying to make is, it may be helpful to question the motives of companies, businesses, and credit cards. Why do you keep getting credit card offers in the mail? Why do you keep getting balance transfer offers? Why does everything for sale now come with a, "NO INTEREST IF PAID OFF IN ONE YEAR"?
There's a good one. Years ago, credit card companies didn't require a minimum payment. Now that they do, they came up with the NO INTEREST IF PAID OFF IN ONE YEAR scam. Congratulations to those who actually pay It off, but the credit card companies know many people wont be able to pay it off and tack on huge interest charges once the one year period ends.
I suppose what I'm trying to get at here is that if we think businesses are our friends, and if we think credit card companies are there to help us, we will be in for a rude awakening. We are targets for debt.
But the great thing is, we don't have to fall for it. Just because we get credit card offers in the mail doesn't mean we have to apply. Just because a TV commercial offers the latest gadget, phone, car, etc.. doesn't mean we have to buy it.
Part Two coming soon...
Not investment advice. Like I just said, this is not, was not, and NEVER will be investment advice.
Part One
The majority of us have at least one credit card.
Among this group, the majority also have more debt than they like to admit.
Have you ever been at the grocery store and the cashier asks, "How are you doing?" You spontaneously respond with, "I'm great, thanks".
You really want to say, "I just spent $150 on food for my family, I don't have $150 for food for my family, so I charged it to my credit card; I'm in debt up to my ears.. STOP ASKING HOW IM DOING!"
Life can be very complicated indeed. So whats the point of this post?
I suppose you can say it is a spin-off of the previous post. I love using the grocery store as an example because it is a microcosm of the world.
The building is like Earth.
The different departments are like the many countries.
Management is like governments.
The individual workers make up the population.
It really is quite fascinating to think about. If you ever have a spare 5 minutes, sit down at a bench in your grocery store and carefully watch how it operates. On the surface, everyone appears to be smiling. Everyone appears to be happy. Management appears to calmly assist their employees. It's nothing more than a utopia of bliss, order, and comradery.
But these aren't the things you should be looking at. Hidden amongst the blissful joy, if you look hard enough and clear your mind of what you 'think you are seeing', you'll see what I'm talking about.
Maybe it's a cashier letting out a sigh because he is tired and wants to go home.
Maybe it's a customer rummaging through her wallet, trying to find a credit card with some credit left on it.
Maybe it's a couple walking past you, and you overhear them stressing over the cost of food.
You may even catch a glimpse of the ultimate truth; a cashier asking how a customer is doing, the customer replies with, "I'm great!". But not a second later, the customer's smile instantly disappears, followed by a roll of the eyes, and their body gesture indicates everything is not actually 'great'.
Of course, it could simply be a person having a bad day. Debit isn't always the issue.
Ever notice ads always have smiling people pushing products? It is designed this way in order to make us believe that we will be happy if we buy products.
Ever notice your credit card statement? Many say, "YOU HAVE $4,521 TO SPEND!"
Hu, no. We do NOT have $4,521 to spend. The credit card company is actually saying, "You have NOT spent $4,521 yet. Do it NOW!" You see, credit card companies don't make money until you spend. They could care less about your debt problem.
Ever hear those commercials touting, "Cant get qualified for a car? We guarantee qualification today!"
..of course they will guarantee you qualification. They know, even before you walk through the door, that you wont be able to keep up with the payments. But they don't care because the second the loan becomes yours.. its YOUR problem; not theirs.
Of course, it is not healthy to become suspicious of everything. But the point I'm trying to make is, it may be helpful to question the motives of companies, businesses, and credit cards. Why do you keep getting credit card offers in the mail? Why do you keep getting balance transfer offers? Why does everything for sale now come with a, "NO INTEREST IF PAID OFF IN ONE YEAR"?
There's a good one. Years ago, credit card companies didn't require a minimum payment. Now that they do, they came up with the NO INTEREST IF PAID OFF IN ONE YEAR scam. Congratulations to those who actually pay It off, but the credit card companies know many people wont be able to pay it off and tack on huge interest charges once the one year period ends.
I suppose what I'm trying to get at here is that if we think businesses are our friends, and if we think credit card companies are there to help us, we will be in for a rude awakening. We are targets for debt.
But the great thing is, we don't have to fall for it. Just because we get credit card offers in the mail doesn't mean we have to apply. Just because a TV commercial offers the latest gadget, phone, car, etc.. doesn't mean we have to buy it.
Part Two coming soon...
Not investment advice. Like I just said, this is not, was not, and NEVER will be investment advice.
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My posts are NOT investment advice. I am not paid to post.
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It is NOT my responsibility to inform you of my own personal investment decisions.
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I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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