And like I said, for you that's great. You're the exception.

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Feb 11, 2016
10:30:22am

Cougarrrs Walk-on

And like I said, for you that's great. You're the exception.

The rule is that the average American has 15k in credit card debt. They were lured in by your mindset and now they have a mountain of debt.

For every one person like you there are dozens of others who got caught in the trap, because that's what the trap is made for, to ensnare people.

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Cougarrrs

Bio page: Cougarrrs
Joined: Sep 29, 2014
Last login: Oct 25, 2016
Total posts: 6,307 (16 FO)

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Messages

Author

Time

Can we put an end to the myth that credit cards are evil and we should never use

2/10/16 2:59pm

I actually buy dave's argument you do freely spend more just swiping a card

RdF3

2/10/16 3:01pm

Yep, I understand that viewpoint, but if you're a grown adult you need to learn

2/10/16 3:04pm

"if you're a grown adult you need to learn some self control and basic

Cougarfan777

2/10/16 3:36pm

That's a fair point, but only to a certain extent.

2/10/16 3:45pm

Too many people get too many cards to fast. Inevetably there comes a time

Cougarfan777

2/10/16 4:01pm

Well that's your problem right there...nobody is saying it's a good idea

2/10/16 4:45pm

I think we agree. Where I am being cautious is that all people's brains do not

Cougarfan777

2/10/16 5:10pm

Carrying a balance doesnt help your credit score at all. I track it weekly on

2/10/16 11:28pm

my brain has made the switch. I'm not a caveman

Mayor of Cougartown

2/10/16 3:19pm

Dave Ramsey is a moron.

RichieRich

2/10/16 3:04pm

Pretty sure he's evangelical

Moab Rising

2/10/16 3:06pm

think of how much money he's made on this.

TN_Coug

2/10/16 3:07pm

RE: Dave Ramsey is a moron.

Bullrider

2/10/16 3:14pm

I don't take advantage of stupid people.

RichieRich

2/10/16 3:31pm

and now we have venmo

ds7

2/10/16 3:04pm

wut?

mulletYno

2/10/16 3:05pm

I love venmo. Now there are no excuses for people not paying you back.

Duke Silver

2/10/16 3:11pm

I don't have the app.

Cougarrrs

2/10/16 5:17pm

You could also say the same thing about Apple pay, Samsung Pay, etc.

2/10/16 3:12pm

doubt it, unless they offer cash back and miles etc.

Mayor of Cougartown

2/10/16 3:20pm

Isn't this just paypal by a different name?

Cougarrrs

2/10/16 3:46pm

I don't think they're evil, but like any other tool, in the wrong hands or used

Wedgetail

2/10/16 3:07pm

It's a principle that some people absolutely need to live by.

sheriffcreg

2/10/16 3:09pm

Really good point...an improved credit score is another huge benefit.

2/10/16 3:16pm

What were his other rules to live by?

Gente_Boa

2/10/16 3:32pm

It's not free money. It's a gamble on the creditors part, hoping you'll miss

Cougarrrs

2/10/16 3:39pm

It is free money if you do it correctly. There is no gamble.

Jeremy

2/10/16 3:49pm

Right. I've been doing it for 10 years

Westsider

2/10/16 3:53pm

You're the exception. As soon as people start being as responsible as you, there

Cougarrrs

2/10/16 4:05pm

Nah, the evil is greed and wanting what you can't afford.

Westsider

2/10/16 4:14pm

I somewhat agree, however the way that they are extended is quite evil.

Cougarrrs

2/10/16 4:41pm

Let me lay this out simply...

2/10/16 5:43pm

Let me rebut every single point, absolutely...

Cougarrrs

2/10/16 5:58pm

Likewise, I'll respond..

2/10/16 6:56pm

That's great that you are the exception but as I said before, the rule applies

Cougarrrs

2/10/16 9:05pm

This isn't exactly true. Credit card companies receive a fee every time you use

RdF3

2/10/16 4:08pm

^^This. Rewards $$ is just getting back a part of that fee

Westsider

2/10/16 4:11pm

those fees cover all sorts of things (insurance, systems maintenance, etc.)

Cougarrrs

2/10/16 4:44pm

sshhhhhhh why do you think those rewards exist? Keep quiet!

Jeremy

2/10/16 3:47pm

All Ramsey is saying is that CC's are an expensive way to fund a lifestyle that

vandersar

2/10/16 3:51pm

Yeah, that's exactly the wrong way to use a credit card.

Wadds

2/10/16 4:01pm

If someone is uncontrollably racking up debt on multiple credit cards,

2/10/16 4:38pm

dave ramsey treats credit cards like mormons treat beer....

idacoug

2/10/16 3:59pm

credit cards aren't evil, money isn't evil, but the love of money is the root of much of the evil in the world

Rooney

2/10/16 4:16pm

No we can't, because its not a myth. Props on those free airline miles, though.

WhyKnot

2/10/16 4:26pm

Cool, I will sit here collecting hundreds/thousands of dollars of cashback

2/10/16 4:48pm

Which card(s) do you have?

Cougarrrs

2/10/16 5:09pm

I guarantee if Machiavelli stopped using his credit cards and only used cash

WhyKnot

2/10/16 5:03pm

How can you guarantee this? You're making assumptions.

Westsider

2/10/16 5:11pm

I will glady wager a hefty sum if Mach takes me up and proves me wrong.

WhyKnot

2/10/16 6:53pm

How much? What evidence do you need? I can easily disprove your stupid challenge

2/10/16 7:05pm

I knew you were all talk.

2/10/16 11:21pm

You're absolutely wrong.

2/10/16 5:32pm

Which card(s) do you have?

Cougarrrs

2/10/16 5:42pm

I use the Chase Freedom card, which is 1% cash back on all purchases and 5%

2/10/16 6:59pm

Chase freedom is 5% on up to 1500 which max's the payout at $75.

Cougarrrs

2/10/16 9:27pm

It's extremely simple:

2/10/16 11:17pm

And like I said, for you that's great. You're the exception.

Cougarrrs

2/11/16 10:30am

Ok, but stop acting like it is a huge job to manage this stuff

Westsider

2/11/16 10:39am

It is huge. I pay about a dozen bills per month. You're saying pay these weekly

Cougarrrs

2/11/16 1:11pm

I don't see the need to pay the card off weekly

Westsider

2/11/16 1:21pm

He's the one who suggested that it was the appropriate course of action.

Cougarrrs

2/11/16 5:47pm

Pay off your CC's however often you want, as long as it's at LEAST once a month

2/12/16 9:19am

I knew you were all talk.

WhyKnot

2/10/16 6:52pm

You've offered nothing valuable to this conversation and your "challenge"

2/10/16 7:01pm

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