American Urges - TranceAddict Forums

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Posted by Zild on May-21-2009 10:05:

quote:
Originally posted by Sunsnail
I think zild actually meant to post this here

you're mixing up idiot with antisocial selfish psychopath there is a marked difference

Posted by Zild on May-21-2009 10:08:

quote:
Originally posted by Krypton
I got 2 credit cards and I told myself I would pay the balance every month. That lasted less than a month. I maxed both of them out and defaulted on one of them. I cut them up last year but I'm still paying the higher balance off, but I'm no where close to a $0 balance.

see this is what i'm talking about when i say idiot

i on the other hand have no credit cards i pay everything cash and dont buy anything i can't afford

Posted by Capitalizt on May-21-2009 12:30:

quote:
Originally posted by Zild
see this is what i'm talking about when i say idiot

i on the other hand have no credit cards i pay everything cash and dont buy anything i can't afford

This is my definition:

quote:
Originally posted by Krypton
I'm not financing my investments... so I can carry on this debt load. I am still in school. I'm not paying anything off until I start my career.

It's so damn simple but krypt has the typical American mindset. Risking money in the market while digging himself deeper in the hole by refusing to pay down his high interest credit card debt.

Krypt, IT DOESN'T MATTER than you didn't technically borrow money at credit card interest rates to buy stocks. The fact is YOU OWE money at 20-30%+..and every penny you refuse to pay on that debt is a guaranteed 20-30%+ annual loss. The effect is the exact same as if you were debt free then decided to buy stocks with a credit card.

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