The big banks are out to get you. It truly is a conspiracy of epic proportions. The whole goal of the bankers is to loan you money. As much money as they can so all you are able to do is pay the barest of minimum payments monthly.
The reason the big bankers want the bare minimum payment is because they make all (or nearly all) interest every month leaving the principle intact.
The reason it’s a conspiracy is because they’re all conspiring against you! All the credit card companies want is your money. Anyway and anytime they can get it. They’ll offer you more credit cards, they’ll offer you higher credit limits, they’ll tell you how you deserve it all.
Until you change your attitude about credit they’ll have you. Until you decide to get real mad about your situation they’ve got you. Until you decide to live like no one else is willing to live you’ll never get what you really want.
Debt free living allows you to be generous. Debt free living allows you to have more. Debt free living is just what the banks don’t want you to do. The banks all want the same thing, to keep you in bondage to them owing money.
David Dassow
Thursday, June 5, 2008
Sunday, June 1, 2008
780 bucks goes to interest
Here’s a frightening thing. Collect your credit card statements for one month and check out how much of the minimum payment is interest. Let’s say your minimum payment is a hundred bucks. Chances are $78 dollars of the minimum payment is interest.
If your minimum payments total one thousand dollars $780 of it is interest. Can you imagine for just a moment what you could do with an extra $780 a month?
When you owe money you’ve got to pay interest to someone on the money you owe. Think long and hard about it. Paying interest to someone else stinks. Its plain and simple.
Every time you pay off one of these credit card shysters you empower yourself and free up more of your hard earned money.
Get rid of the credit cards and begin to free yourself of not only your money but also your peace of mind.
David Dassow
If your minimum payments total one thousand dollars $780 of it is interest. Can you imagine for just a moment what you could do with an extra $780 a month?
When you owe money you’ve got to pay interest to someone on the money you owe. Think long and hard about it. Paying interest to someone else stinks. Its plain and simple.
Every time you pay off one of these credit card shysters you empower yourself and free up more of your hard earned money.
Get rid of the credit cards and begin to free yourself of not only your money but also your peace of mind.
David Dassow
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