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Posted by wmbjkREMOVE on May 16, 2009, 3:31 pm
 
wrote:


In my experience, people who have irrational opinions about credit
card use have had some bad experience with them, and are trying to
divert the blame for their lack of discipline away from themselves and
onto the credit industry. The fact is that using credit cards
responsibly, and paying them off every month, is no different than
receiving a month's phone service and paying that off every month.
People who can't handle one generally can't handle the other. As it
happens, I sometimes use my credit cards for online purchases for
friends whose bad credit precludes them making the transactions
directly. It's painful to see how the lack of a card limits their
options in life. Even a deadbeat can get a debit card, which works as
well as a credit card for online purchases etc., and helps establish a
good credit rating. Which is beneficial for many things, such as
entering into any sort of contractual arrangement, getting a good job,
or shopping for the lowest insurance premiums. Refusing to own a debit
card is irrational. Pretending that doing without one represents some
kind of financial wisdom is silly.


LOL  Yes, the good ol' "better to have little than to have something
you could lose" theory of economics. I've got news for you ghinius -
lots of the people who were severely affected by the recession are
still miles ahead of you. If I were giving economic advice to a young
person, it would be: Step 1. invest in the things you really need.
Step 2. Put any money left over into things that enhance your life,
and give preference to things most likely to appreciate, or least
likely to depreciate a lot. Step 3. If you still have money left over,
invest it in companies that make money and pay dividends.   Let me
know if you ever get to step 2.

Wayne




Posted by ghio on May 16, 2009, 11:10 pm
 
On May 17, 1:31am, wmbjkREM...@citlink.net wrote:

Well now, it seems that you are again speaking from your strongest
position, ignorance. When did I say that I don't have a debit card. I
still don't show up on the credit lists.

My house, property, lifestyle and all that goes with it.


My house, property, lifestyle and all that goes with it.


Ah yes, the good old "stock market as a gambling venue" approach,
buying pieces of paper with a plastic card.
Try gold, not the stock market gold as a piece of paper, the real
thing, cold hard gold, the metal.

Well we know who owns wayne.


Posted by wmbjkREMOVE on May 17, 2009, 12:53 am
 wrote:


On 5/15/09 Ghio: "Yep, it took years of avoiding credit traps and
paying cash at all times."

I suppose, Mr. Editar, that you will now say that by "cash", you meant
cash, plastic, checks etc. But the truth is that faced with the
fallacies of your irrational opinions about credit, and what that
opinion says about your personal financial discipline, you're now
forced to backtrack by implying that you have a debit card. Yet for
some reason <snorf> cannot just say that in plain English.


Who do you think you're fooling? Some people acquire and use debit
cards to establish a credit rating, or to rehabilitate a bad rating.
http://www.ehow.com/how_2264558_credit-score-using-debit-card.html .
How could that work if the debit card is some kind of anonymous,
unregistered transaction?

I take it that you don't have any interest <chuckle> in receiving cash
or other incentive paybacks from the credit industry. For example, as
a reward for charging purchases on a free card, for which I never
spent a penny in interest, a while back I received $50 to spend at
Home Depot. Only nitwits and those who can't qualify turn down such
benefits. Which are you?

I didn't think there were any subjects you could expound on with less
authority than you do with alternative energy, but I may have been
wrong about that. Still, I'm still looking forward to reading more
about your brilliant financial strategy. Let's hear it!

Wayne

Posted by ghio on May 17, 2009, 1:19 am
 On May 17, 10:53am, wmbjkREM...@citlink.net wrote:

In plain English, I don't spend money I don't have. I don't use
checks. I do have a debit card.

If you don't borrow (use credit) there is nothing to show on lists.

I'm the guy who owns everything he has outright and has no debt. I
also have no Home Depot.

Tell us about your system's design. What you run, how long it's run,
what it uses, what your system produces.

It ain't gonna happen because you can't do it.


Posted by wmbjkREMOVE on May 17, 2009, 2:18 pm
 wrote:


If only you had any credibility, eh, Mr.
Cash-at-all-times-except-for-checks-and-plastic? Even if there's
anyone willing to take you at your word, you're either the idiot who
refuses to take advantage of perfectly good free money, or the
broke-ass who can't qualify for the offers. Plus you're still the guy
who doesn't trust himself not to run up debt, and who can't get ahead
because of his pigheadedness.


So your pitiful argument is that the money wouldn't be any good to
you, eh? Wrong again. Credit card companies offer rewards in every
form imaginable, including direct payouts and vouchers good at
hundreds of stores of one's choice. No need to take my word for it,
see here for a sampling http://www.creditcards.com/cash-back.php .
Notice that a common requirement is to have excellent credit. Boo hoo
for you.

Think of it ghinius, without changing my habits in the slightest, I
received a benefit equivalent to more than the value of *all* of the
electricity you generated in 16 years. And that was just a single
reward. If I added them all up over 30+ years, do think the amount
might be, say, enough to pay for a long-needed inverter upgrade at a
nitwit "power consultant's" place? Or maybe enough to have kept up
with the cost of all the battery replacements <chuckle>, or to buy a
solar water heating system, or to grow to a tidy sum if invested.  But
you'd prefer to do without as always, right? Because rewards are
probably one of those "traps" you were talking about in your "I hate
credit cards even though I can't qualify for one and don't actually
know anything about them" rant. Or were you referring to the warranty
doubling I get whenever I buy something with a credit card? Or the
ability to have the charge reversed if there's a dispute, and keep the
money out of the merchant's hand in the meantime? Or the up to 45 days
I can keep my money invested even after I've spent it using a credit
card?

Will you ever stop blurting out wisdumb on subjects you're clueless
about?

Wayne


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