Thanks to my credit card I can spend thousands of dollars when my bank account is literally at $0… it seems to be the most useful tool of the generation yet banks are against it. Do they think letting their savings account roll up makes them cool or something?
>take out thousands in credit card debt with means to pay it back
>what could go wrong
You should debtmaxx bro. Start taking out personal loans and buying cars for zero percent down. Once they stop letting you do that start getting payday loans from every place in town that you can.
I don’t need a car but I don’t want to take out any personal loans as interest on them is like 12%
>Open a new credit card every month, max it out buying gold online
>Take out a personal loan every month, use the money to buy even more gold
>Stop paying mortgage/car payment, just buy more gold
>Only pay the bare minimum bills so keep your utilities on
>Keep doing this until you can't get anymore cards/loans, and you can't afford to eat
>Declare bankruptcy, refuse to pay anything back
>Sell gold for cash
>Wait 7 years for credit to clear
>Repeat
This is not financial advice
It’s not good advice because it’s retarded. Do you think no one’s going to notice all the gold you’ve bought before you declare bankruptcy and ask “well why the fuck aren’t you using that to pay your bills?” If you’re really going to play these retarded games to try and get free money do it the sam Hyde way and just hire a credit repair company so you can keep taking out debt indefinitely
Hey you retards, it was a joke, just like the person I was replying to was (hopefully) doing.
how do you keep the bankruptcy trustee from confiscating your gold and selling it off to pay your creditors?
the fuck are you talking about
Credit cards are the most insanely profitable products banks offer
Banks love it when people are in debt because then they have to keep paying interest and paying and paying and paying and paying and
They’re literally zero percent internet dude, banks are loaning me money for nothing
>he thinks zero apr for the first six months means he doesn’t ever have to pay interest
lol, lmao even
It’s zero internet for one month dingus. Just pay it off at the end when the paycheck comes in and then go on a spending spree
It’s not free money then you retard you’re just deferring payment of what you already would have paid until a month down the line. This is useful if you want to build your credit score but is otherwise pointless.
You’re a retard and don’t understand working capital or the time value of money
>zero percent internet
amazing
Because they think owing money is by default bad and boomers especially used credit mostly for nothing but to buy stupid shit like cruises and cars. There is absolutely nothing wrong with using someone else's money now that you cam pay off later. Money is ALWAYS going to be worth less later.
Michael Saylor level IQ
Credit cards are great when you are not a dumb zoomer and can use them correctly. Always pay the full due every month. Enjoy the cashbacks and other bonuses like flight miles. Free stuff basically.
They still remember the glory days where nobody had to do that to get by. The days when a credit card was in the arsenal of only the professional business man not everyone from the florist to the baker to the doctor. But when wages stagnate for literal decades and those same boomers or gen x or whoever keep perpetuating exactly what the haves want for the have nots then changes have to be made for the average person to get by. We swear by this capitalism thing even as obviously self destructing as it is, and now everyone borrows just like the gambling capitalists despite still just being regular old working class folk. Plus it’s obvious that interest and even slight mismanagement will start to snowball and plenty of them either have experienced or knew someone who had to go bankrupt due to out of control debt. We’ve had many crises too related to debt and bubbles that the boomers who still hold onto much of the share of wealth today wish to avoid by dealing only in truly liquid assets.
I can’t tell if you’re trolling. Wages are higher now than they’ve ever been