the guy is always on twitter making selfies, or in some corporate event somewhere. where and when does he do actual real work? how does he come up with all this stuff??
THATS the shirt you are going to wear when making a commercial?
It's been that way for a while...I love this guy.
One of the weirdest and punitive thing about U.S. credit system is, even if you are keeping your credit card payments on time, if for whatever reason your credit score drops, these credit card companies will increase the interest rate on those credit card payments, on the existing balances. This causes these people to pay more on interest which causes more financial hardship and they fall further behind which reduces the credit score even more and on and on.
Your privilege is showing.
After paying off $25,000 in unnecessary expenditures, I'd say he's right on.Your privilege is showing.
These moves always attract a lot of customers. But the biggest migration won't happen until Tmobiles coverage reaches more areas beyond populated areas. The day Tmobike has competitive coverage will be the day everyone on ATT and Verizon will ask themselves why they are paying more for less.
It's been that way for a while...
Proverbs 22:7
7 The rich rule over the poor,
and the borrower is slave to the lender
I switched to T-Mobile a little over a year ago, and have not regretted it once. It just keeps getting better!
John Legere is an awesome CEO, pushing the whole industry in the right direction for the most part.
These moves always attract a lot of customers. But the biggest migration won't happen until Tmobiles coverage reaches more areas beyond populated areas. The day Tmobike has competitive coverage will be the day everyone on ATT and Verizon will ask themselves why they are paying more for less.
Your privilege is showing.
Nice post. The important thing you've noted is that things like coverage can't be improved. You see, carriers either start with lots of coverage, or none at all, and it stays that way for the rest of time.
sure.attribute good financial advice to privilege. and blame financial hardship solely to under-privilege. noone else is to blame.
After paying off $25,000 in unnecessary expenditures, I'd say he's right on.
Amount of available credit on all of my cards: $53,000 (two accounts)
Balance on said credit cards: $0
Interest paid in the last 5 years: $0
What I'm willing to forgo to put anything on them:
A whole lot.
Incorrect. Many of these problems can be easily remedied no matter how much you earn. If you have credit card debt, for any reason, including events out of your control (which I sympathize with), you cannot afford a smartphone. It is not a necessary purchase. This is not about privileged versus non-priviliged, lucky versus unlucky people. This is about controlling desire. If you do not learn how to control your desires, you will end up in debt and the victim of credit card shenanigans like the people in the example. The fact that the rich and powerful are to blame for much of this doesn't exculpate the average person who sees no problem with financing a smartphone or a vacation he can live without. Regular people are just as greedy as the powerful people who abuse them.
i wasn't commenting on his advice, i was commenting on this repeated phrase (i guess if you say something enough times it becomes true) that "regular people" are greedy just like the wealthy. While that is certainly one way to put it, i think wanting to have things nice things outside of your basic needs (clothing, shelter, sustenance) isn't greed, and it's reasonable to just say that everyone deserves to be happy and have nice things. That doesn't make people stupid or greedy. It just means they might not have the resources or knowledge to obtain and use credit without making their financial situation more difficult. It's their fault for making poor financial decisions based on their knowledge or lack thereof about credit, yes. But calling them stupid or greedy just shows a lack of empathy or understanding.
i wasn't commenting on his advice, i was commenting on this repeated phrase (i guess if you say something enough times it becomes true) that "regular people" are greedy just like the wealthy. While that is certainly one way to put it, i think wanting to have things nice things outside of your basic needs (clothing, shelter, sustenance) isn't greed, and it's reasonable to just say that everyone deserves to be happy and have nice things. That doesn't make people stupid or greedy. It just means they might not have the resources or knowledge to obtain and use credit without making their financial situation more difficult. It's their fault for making poor financial decisions based on their knowledge or lack thereof about credit, yes. But calling them stupid or greedy just shows a lack of empathy or understanding.
I've highlighted the things that I disagree with you on.
If a person makes a lot of money, that doesn't mean they are greedy. If they demand something from someone else unearned, whether they are affluent or poor, they are.
People deserve what they are willing to pay for, whether it is cash, or the price + a 21%APR. Those that prefer the credit option are slave to the person that lends them money, and that has been documented for at least the last 3000 years in the book of Proverbs (see earlier post). Whether or not you agree with the Torah or Bible is immaterial. I am just pointing out that it is documented, and the age of the book is at least 2500-3000 years.
Lastly, pointing out that people wanting things outside basic sustenance is human nature. Working for, and earning the money by doing things that others find profitable is the least costly way to do it. Borrowing money, and as the original poster put, getting $7000 into debt is a rather greedy way of doing it, and they pay the price, literally and figuratively.