Not sure if u can ever get ahead or save without 'Charging'

Charging, Credit Cards are why prices on everything is inflated by 5-10 times true value

If people, citizens, all started only buying what they could pay cash for, the price of just about everything would drop by 70-80%.

Credit is why cars cost 10 times more than it cost to make them, credit, financing is why homes, houses, cost or are inflated to 10-40 times more than they're actually worth.


Most people have been brainwashed into thinking the value of a house, wooden home, is 5-20 times it's actual value simply do to 'Banks', and how banks take advantage of people wanting things 'now'.

So banks artificially inflate the price of everything simple so they can make profits in interests.

If you actually add up value of material, wood, labor, to build house, it in no way comes to $240,000 dollars.

Banks and finance charging or interests, is one of the biggest frauds perpetrated on mankind ever.

But most are to brainwashed to realize this.

Credit is important when poor, living check to check

Like large financial institutions, really the only way to elevate self to higher status is through loaned money or credit.



Or I should say good credit.

Cause later on down the road, it's good credit that will allow you to be fronted $50,000 to start a business or buy new equipment for business, or to buy realistate, land, a home, a car ect.

Unless one is a millionaire many times over, one cannot continue to pay cash for big item purchases or one will always be broke or near broke.

The richest banks, institutions in the world never risk their own capitol, they always risk other peoples money.

And I've learned as a individual, sometimes you have to do the same in order to get ahead.

Ahead as in business ventures.

I just paid off yet another credit card and oh how good it feels...

$700.00 limit...but that's just one...it adds up.

And you can request higher limit over time...

So imagine having 10 credit cards with $2-$5 thousand limit on them...

Now you have 20 to $50,000 dollars in credit available to you.

Now a fool will blow such credit on nothing...but a wise person would use such credit advance to help build business, or to obtain realistate, or a home, or something that will turn around and produce income for you.

Don't ever be reckless with your credit!

Credit is only good if it's good.

Credit should only be used when say bank or credit union won't loan you money for car or house or business or truck ect.

The good thing about credit is you don't have to ask for any ones approval.

Card is basically saying 'Here, here's a $20,000 line of credit, use it as you please, just be willing to pay it back'

If you can't pay back what you charge, than don't charge it, that's my rule.

That's why to me credit only really makes sense if used towards business or to grow business, where you know investment will give you a fiscal return large enough to pay off charges.

I mean some times the only thing that separates you from obtaining your dream is 1-5 thousand dollars.

And sometimes good credit can create that bridge.

Sometimes that good credit can get you there, get you where your family, so called friends, or even bank can't or won't.

Take care of your credit and don't abuse it...cause it's you're only life line in a very cruel world.

The title: Not sure if u can ever get ahead or save without 'Charging'

Odd thing is, in reference to title of this section above, that's exactly how the wealthy build their wealth is through a term called 'leveraging'

Leveraging is when you earn, make or grow money using other peoples money.

Leveraging is how people magnify their own 'worth', and is how many propel themselves to higher and higher wealth, the way satellites use planetary gravity to propel themselves further into space by building up speed.

It's not the satellites speed, which has no engine, rather engineers back on Earth borrow momentum from the planets gravity to propel satellite along.



This is also how people magnify their wealth, by using other peoples wealth to create more value in self than there actually is.

Banks usually provide the capitol or the loan.

Banks, which is a collection of other peoples assets, then turn around and lend other peoples those same assets (which isn't there's) to create an illusion of wealth, which begots more assets.

Sorry I'm not using proper finance terms.

But it's basically what single consumers do but at a much smaller level.

In that if a consumer is only worth $5,000.00 in hard assets, yet secures credit for $20,000.00 they have quadrupled their potential worth.

But the average consumer, unlike a wise investor, will squander that $20,000 credit line on stupid consumable goods, then simply be in debt, where as a wise investor will use that $20 gran to leverage more funds.

Example, they might take that $20,000 and put down on a house worth $100,000.

Now they go from having $5 gran to being worth $100 gran in money that's not even theirs yet.

And then can turn around and leverage that $100 gran home for even more money, either by selling it or using it as collateral to aquire more and so forth.

Ye, I know, that's a sloppy example but you get the drift.

Banks are what help propel people to the next level, their willingness to lend money.

Poor people stay poor for several reasons, but for sake of this topic these two reasons.

1. Don't know how to leverage what they do have, aren't investment minded.

2. Banks won't lend to them, considered 'high risk'.

If you have nothing to leverage with you can't get anywhere.

Banks literally determine who they're going to allow to prosper, and who's going to stay at the bottom feeding others through individual labor.

When a bank denies you a $20 thousand dollar business loan they're basically saying 'Stay poor, stay at the bottom slave and labor for rest of life'.

And at that point you should withdraw all funds from that bank if you're not worth them lending to as a member.

The more you study this stuff, the more you begin to see how wealth is built through fiscal illusion or trickery for many.

more to follow.