The Debt Trap
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@cdltpx what a great way of viewing things. " Its not having what you like, Its liking what you have." Thanks for sharing that dude.
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Stop excessive use of credit cards.
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One of the many "debt traps" in this predatory capitalist system is someone having to borrow money to go to college. Because he/she simply can't afford it w/ their incomes alone. The most expensive colleges doesn't necessarily mean they're the best. Money= Debt & Economic Slavery. Banks simply create money out of thin air in the form of credit cards & other loans. Another form of debt trap is having to borrow more money from the bank in order to purchase a house. Etc.
1 year ago 3
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Many people have become indentured servants because companies purposely don't pay people enough to actually support a family. In too many cases they make it to where both parents have to work just to make ends meet. This is the root of the problem as far as I am concerned....
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@machinationation Amen I just paid off my home we live within our means. We have new cars not cause it is sheik but we know what we have they have been maintained properly by me. We have toys like boat got that 2nd hand Y pay retail. Have a camper trailer too but it is 40 years old it is water tight still we only paid $2k for this. It's not having what you like life is more about liking what you have. If I get a job somewhere else I can take the camper set up and earn money. But we are ok here.
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@phredhead I agree, but I think that just as these individuals need to take responsibility for their actions, so too do the companies enticing them. They know how many people are being swindled, yet they continue to engage in immoral business practices. It takes two to tango, as they say - and anyone who profits by preying on fools needs to be punished, or at least taught to be moral, decent human beings.
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"the borrower is a slave to the lender", Were all slaves then to God, since he leant us our bodies. The bible is gay
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CASH IS KING!
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Oh yeah? What do they do?
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credit cards a bad mmmm k...
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Just turn off the T.V. , cook your own simple meals and practice financial discipline. Exercise is free , try that. Don't buy a car unless you can afford it. Simple. Math doesn't lie. Greed always has a terrible return.
machinationation 3 years ago 46
"Why did you give my son a credit card?" Why did your son accept it? That`s the problem. Obama said "people are losing their homes through no fault of their own". Huh? Whose "fault " is it? We`ve got to accept responsibilty for our actions.
phredhead 3 years ago 28