If you have cash you don't need "good credit"

Some people make poor financial decisions out of ignorance, but when they keep doing it over and over, that’s stupidity.

I got out of debt this year after 26 years with it bringing me down. There is nothing that I want to buy for exchange of debt. Living debt free and taking a hike is better for your health and life than throwing $500-$4000 dollars on a week away from home.

I am 45 years old and have managed to make it this far without a credit card. EVER. It may be the best decision I ever made in life. 💯

@buphua6282

7 күн бұрын

There is really no harm in using credit card as long we pay all statement balance at due date. I have been using credit card for 20 years and rack up thousands in cash back reward. I’ll admit there is 3-4 times I forgot to make payment and got late penalty fee, but the cash back makes up for all that and more. I only use cc for mostly necessities like grocery, gas, occasional restaurants nothing frivolous. I do think credit card offer great advantage for people with good self-discipline. You should try and take advantage of it.

@kate489

5 күн бұрын

I’m 52 and have never had a credit card!

@cokeycookie

5 күн бұрын

I've had credit cards but, after going bankrupt 9 years ago I stopped and my husband has a Menards card and once paid off we're doing away with it.

@candythaglamcook

5 күн бұрын

How do you build credit score?

@kristinahammer2757

5 күн бұрын

@@candythaglamcook well, that's the thing. I don't.

Just a reminder that you can go camping for a weekend for about the same price as a tank of gas.

Loans for vacation are the stupidest shish I heard of.😂😂😂 also, Lboyd 20 21 % is the average apr currently, and my credit is fantastic.

Social media isn't even social, it's hypnotical. That meditation book called 30 Days Without Social Media by Harper Daniels is helpful at times.

I get what you're saying about the elders hoarding the assets but it's not just them it's the investors

I am debt free and go on vacations and outings all the time....I prioritize what's important to me financially

I haven't been on a vacation since 2019. I'm going in next week to test if these bone tumors are benign or cancer. If it's cancer, I've always wanted to skydive over Montana. I've saved enough back for a simple trip. I hope it's not, but I want to go do that before I start any treatments. It won't be fancy, but I won't be in debt.

@alexandradonna1553

7 күн бұрын

All the best

@lorettacarroll6015

5 күн бұрын

Hope they are benign. I have benign ones as well, but have had other cancer twice. It does change your perspective.

My family and friends go on vacation a lot. They use to always ask me to go but I always told them "no" because "I don't got the money". They finally stopped asking. I will go on one, one day... But it's no time soon unfortunately.

I’ve been guilty of doom spending. I have what I need and know I’ll never be able to own a house, so I’ve let go of that as a goal and would rather go on a nice trip, make great memories, and come home to my cozy little apartment.

My sister and her husband, added up what they were spending on vacations. For less than what they were blowing, they buil a pool, an outdoor kitchen for less. Now her backyard is like a resort

I'm almost 43 years old and have never even been on vacation just another broke man in this world taking care of his kids 😂

@treasurethetime2463

5 күн бұрын

a Loan for vacation is pretty scary. I remember being on vacation in my 20s and this guy in his 50s from the South was there with his family and he told me it was his first vacation. Initially I thought he was kidding, but he wasn't. He super nice to the staff and seemed to be really having a good time. Meanwhile, there were people there who you could tell were well off and they just looked bored and annoyed. They were always complaining about this or that.

@angelacava2414

5 күн бұрын

I am about to be 41 I have worked since I was about 14-15 years old and I have never taken a vacation anywhere other than family and it is only if there was a holiday or a funeral. I just either couldnt afford it or there was no reason to go anywhere.

I have many credit cards and the balance at the end of the month on all of them is $0. I just do this for reward points.

@lorettacarroll6015

5 күн бұрын

I do the same. Also, since I had my debit stolen once, I find with credit cards I can shut them down quickly and get reimbursement. Debit with my bank account is slower and higher risk. I pay mine off at least twice a month.

@MrLboydReacts

5 күн бұрын

Yup, reward point are used for the trips or excess

The last vacation i had were in Greece. 2 weeks for 1000 Euros. Breakfast and dinner. 4 stars. Beautiful time!

I’m paying for our beach vacation with 4 week Treasury Bills. 😊

Fixing up the backyard with inexpensive patio furniture. Gotta save my little coins.

I’ve traveled the world. It’s not that great. Certainly not worth debt. Flexing online is hilarious.

@bodhixxx1

7 күн бұрын

agree maybe years and years ago one could experience different cultures but with globalism it is the same garbage all over the world.

Problem with deflation in order to get there, is you need an massive employment. I've experienced the deflation in the 90s Sweden: * No food to eat. Had to eat in School double lunches in order not to starve. * Had no electricity. * Lost our home. I'm telling you, deflation is WORST that inflation. Even it gets cheaper everyone else, Sweden had an economically depression from 1992 to 2001. That is almost an decade. Some to whom had huge debt, is still to this day bankrupt. It destroyed a lot of peoples life.

Im taking my 4 vacation this year. How I take a vacation save up the funds for it. Then I use only 1 credit card (credit union). Then just use/swipe my credit card. When I get back from my trip use the funds that I saved up for that vacation pay the entire balance off with it. people dont plan for their trip. No way In hell am I taking out a personal loan for a trip.

Lol boomer here and I'm not hoarding anything Neither am I depending on Gen Z to pay my retirement - I'm not stupid

What's a vacation?🤷

Reward points are a scam. Whenever i go on vacation and put everything on my card the points are terrible😂

Alot of America only make under 60k it's hard sometimes when everything is a fourutune

@angelacava2414

5 күн бұрын

I had to move in with my ex husband because I can no longer work and I am waiting to hear from disability, between his income and when our son starts working they will bring in right around 70K a year. My dad was able to own land with a home, 2 cars, an RV and a boat plus take us on vacation on 30K a year. I really have to blame to cost of products for half the problem that people cant get and do things anymore. There really is a major cost problem vs income these days and taxes are not helping anyone.

Doom spending is exactly what it is I think. I wonder too how many people are feeling faux rich. Still living with their parents and saving up for a house say. Then they look at their bank account that now has say 30k in it and they've been grinding for a couple years to accomulate for a few years and say hey I'm going to Cabo for 2 weeks with a friend, I've earned it. Ie their eye gets off the ball, that 30k isn't something for you to decide how to spend its 30k towards a larger number you need for something you've already decided to buy. Saving can be a grind but you can't afford to play till you got the things you need imo. Sad reality of being an adult.

Being the advocates devil in a way I can understand. There is so much stupidity going on around the world and especially here in the US that something it just tires out the mind. Meanwhile at work you can see a lot of people having do stress and do everything they desire. Especially for younger generations who see boomers with all their assets. Not because they only worked hard too. But simply because their money had much more value at the time. The quote work to live seems extremely backwards into live to work for most people. Why multi corporations usually rarely share the wealth except their CEO’s. You only live once. If you have a dream or a goal do it when your young and you can share it with loved ones before your in the hamster wheel for years and realize your played either way.

@angelacava2414

5 күн бұрын

Also take in that taxes are the highest they have ever been in America and we have a few generations doomed from the start. We are taxed on everything except the air we breathe, heaven forbid a politician sees this comment and get an idea, which really doesnt help. Most of our best paying jobs were sent over seas to make things "cheaper" for us to buy. That lead to further problems with people not having good stable work that you didnt need 80-100K debt to get. I support journeyman and apprentice programs, cause they really help if people dont mind hard work.

I put EVERYTHING on one of my 2 main cards and pay it off IMMEDIATELY all those points and cash back rewards send me on practically FREE vacations 😊

I don't know about anyone else but when I was in 7th-8th grade we had a local banker come in and explain all of this to us, proper savings, CD's, retirement prep, credit cards, interest, even taxes. This was in public school not private. Are they not teaching these things anymore? *edit* I'll be 50 next year so maybe this is something they stopped doing after I went to school. But there were several things that I don't think they do anymore like home economics, auto shop, drafting, wood working, government &economics,and work program, maybe we were prepped more for life back then it seems a shame that they would cut any of those classes.

@kyleyoung9610

8 күн бұрын

I’m 35 and they never taught us any of that I was in public school the whole time and none of that , they just told us to go to college, and I was poor so I knew I wasn’t going anywhere like that and was never told about anything

@A.K.A.BabyBuzz

8 күн бұрын

I’m 39 & never heard of suck a thing, sounds like u got lucky

@angelacava2414

5 күн бұрын

I had a similar class that taught us how the economy works and even how to balance a check book. Now I feel old LOL. I raised my kids the way I was raised. If its a want you save for it, if its a need you pay it in full at the time you get it.

This had to be covered long ago, and it's not just America!

Wait… 900k subscribers and 1.5k to 3.5K views… KZread algorithm is wildin’

@candythaglamcook

5 күн бұрын

Yes it's very wild, I stopped beating myself up about what I'm doing wrong. When I see creators with triple the subs doing just as bad.

@MrLboydReacts

5 күн бұрын

Yup, YT punishes this channel a lot of these subs came from shorts I used to make. Subs from shorts don’t watch long form content.

I'm betting it's mostly women borrowing money to go on vacation. Just like college loans, they figure someone else will pay it for them.

@angelacava2414

5 күн бұрын

You need to meet my ex-brother in law, that guy is always asking me and my ex husband to pay his bills.

It really doesn’t help that we don’t LEARN how to effectively use tools like credit cards in school We don’t learn anything about financial fundamentals

@bodhixxx1

7 күн бұрын

what is there to learn about a credit card? you can choose your credit limit you know the interest charge if you do not pay it off entirely each month. a credit card should only be used in a emergency ( if your stranded) or if you NEED things and you shop online. stop blaming school school is a joke just daycare for poor parents. the cost of living is high jobs pay crap for years now.

Funny thing is you can't really buy a home in this Union because we technically own all the homes. What's funny is in the whole world and in this Union you cannot buy land it can only be given taken or created. Buying land from the government you don't own it they have no right to own it. You're basically buying it from yourself. That you already paid for in taxes so technically all the homes that nobody's living in that are already built go claim it. Or l build your own

@rex-jr2lz

8 күн бұрын

are you 12 becuase i feel like you have no idea how the world actually functions

@dakotah4866

8 күн бұрын

@@rex-jr2lz what pain like double or triple for a house you've already paid for in taxes. And then paying illegal property tax and mortgage on property you already already paid for. I know exactly how the real world works. In this Union the government doesn't own anything of land except for their own private property and businesses. But when you are voted in the office no matter what it is you're there to safeguard the land and protect it. Because the land belongs to the people and countries in unions that are supposed to be republics.

@angelacava2414

5 күн бұрын

I have tried to explain this to so many young people and they dont get it. You are right. Most of the land in America can be taken if you dont pay your taxes, so you are basically renting the land from the government even if you own your home free and clear. Skip your taxes and you will find out really quit how little you actually own.

@dakotah4866

5 күн бұрын

@@angelacava2414 funny thing is taxes don't exist in this unit and they didn't exist until 1913 before then we were running off of tariffs there was no land tax because the land belonged to the people you just took a piece of it for yourself and your home and that was it. every town was created under a charter in the Constitution created the laws for the government.

@angelacava2414

5 күн бұрын

@@dakotah4866 I know its sad how things have changed. I grew up in a town that had been established I believe in 1829 and I have always loved history. There still are a few plots of land that arent taxed in a few states but they are usually handed down through the generations. How people over the last century let things get this way is beyond me.

It doesn't matter because they are going to get bailout anyways.

The amount of common sense advice the advertisements enticing us to rhese vacations (not to mention ones we work with going on these vacations) isn't enough to sway people. That leads to people getting themselves into serious trouble, and we are the ones who get the blame and pay the price. There are others responsible for this as well, but they get off scott free and continue making a killing.

I be damn my kids or my wanting to go on a vacation take me into debt i tell people all da time i could have ben had a nuce car but i wouldn't have became a home owner or Happily Married 🙄🧠🤦🏽💯

I have 3 over 3 million dollars - live humble

@angelacava2414

5 күн бұрын

I lived near a trailer park years ago and one of the tenants was a millionaire and very few people knew it. He chose that life so he wouldnt leave any debt for his kids. Most people dont know that when you die any debt you have isnt gone with you, your family has to figure it out if you havent.

I am one that will only use cash for anything and everything, I hate having extra bills. I raised my kids to be the same way. I have never gotten a car/truck from a dealership, I only buy used and I pay in full. For me its just not worth having an extra monthly bill that isnt really needed.

😑 going into debt for vacation? Wow....

Gotta then Facebook likes up

This is old news. Social media has destroyed people’s decision making. People be posting these luxuries vacations knowing damn well they can’t afford them. Anything for likes and views these days. The same people posting these vacations will be crying victim if they not already.

YOUR SHOW IS GREAT; NEXT STEP; INVITING PEOPLE; A TOPIC AND 1,2, OR 3 PEOPLE; ITS; GENDER GREEN; THICK IS BEST PLUS SREAIGHT; GAY BUT NO LESBOS AT THE BEGINING; THEY CAN RUIN YOUR FUN BIG TIME! I GREW UP IN THE BRONX BUT LIVE IN GERMANY B. HILLS.

Idk If you have cash(debit) there's no need to use credit. I feel guilty everytime I swipe my credit card, which is not usual.

Ignorance, is bliss 😊

Going in debt for social media while complaining about school debt and not being able to afford a house? Sounds kind of crazy

I have no money

Lol the video the stock images are a lot of either single or pairs of women. I guess lesbians get way more vacations then the rest of us ;)

I’ll go in dept for gold.

Correction: GEN Z is going into Debt for social media.

June 29,2024 For Me To Feel Safe To Go On Vacation and Not Have Anything Stolen From Me I'd Want To Carry/Store Everything I'd Buy To What I Own Like My Drivable Storm Bunker Tiny Home A Off-Grid 99 Person Enclosed Liveaboard Lifeboat Fully Enclosed Inside Of A Big U-Haul Truck All Inside Of A Portable Item/Storage Bracelet That Way I Won't Need A House-Sitter As I'll Just Take It With Me Everywhere I Go At The End Of Day Thank You Very Much + I See and Love YA KZread Lots and Lots and Lots and Lots and Lots and Lots

@BM-hb2mr

9 күн бұрын

What in the absolutely WHAT!!???.

@tylermcdermott999

9 күн бұрын

@@BM-hb2mrhe’s either high or not running on all cylinders 😂

What about when you’re traveling to visit family that you haven’t seen in a few years I think with everything going on in the world right now. It is worth hassle.❣️

@Newarkguy38

8 күн бұрын

The borrower is slave to the lender. Not a friend, slave. Stop doing what you feel is good and do what is logical.

@A.K.A.BabyBuzz

8 күн бұрын

@@Newarkguy38 Well it could be the last time I see my Dad & that is priceless to me!

@sambeezy007

6 күн бұрын

​@@A.K.A.BabyBuzz it could be your last but don't go into debt over it then take a long time to see him again. You'll feel better going paying cash for going many more times