Poor people don't understand how credit works. Let me explain.
Credit is debt.
Rich people borrow money to buy things that make them more money.
Poor people use credit to buy things that lose money over time or even cost the money.
If a thing you're buying doesn't put more money in your pocket, never buy it on credit.
Here's something poor people do not realize. Okay? Debt is modern day slavery. Someone else is entitled to the fruits of your labor until that debt is repaid. The moment you get in debt you're enslaving yourself until you buy back your freedom with interest.
That's why they send you the credit card for free in a mail. It's why they allow you to pay it in installments.
The sooner they get you and the longer payout period the more money you'll make them.
That's why they made student debt a thing.
If you don't have enough money to buy it cash you cannot afford it.
You need act your wage. Okay?
As harsh as it may sound just because you can afford the monthly payment doesn't mean you can afford the item.
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