Tag Archives: Credit Card Debt

Real Fake Lives: Only 47% of Millennials are Living within Their Means, Social Media a HUGE Factor in Modern Debt Acceptance

I find the hardest thing about being a Millennial in 2018 is realizing that you have to stop living the lie of overspending that our culture promotes to us, that most of my contemporaries are probably assisted into debt and prove it daily, apathetically through social media posts. And this my friends, is a marketing tactic to sell you that it is OK to live on credit and not be accountable for your spending.

Debt is “good” they tell you… sure, think about that debt payment you’ll have to pay for the next umpteen years.  Not so good then.  NO.  But my credit score?  If you don’t have cash don’t buy, any wise financial guru would tell you that.

Those out there spending money to take pictures of their food, those who pretend they have fun with friends they only drink with, those out there buying shit they don’t need, those buying (or worse!) leasing new vehicles, those out there promoting products and platforms for free while they wallow in future debt, oh god, there is not down vote button for this stupidity.  Someone out there is making dollars off of them, sad.

You have to truly realize where you are. Oh, I am a human with flaws?  Oh, I am just carbon like everyone else?  SO why try to act like you aren’t?  You can not afford to put another bar tab on your credit card. You cannot afford to pay gas with a credit line. You cannot go on that vacation and make all your followers jealous.  How will you eat next Tuesday? I had to eat a bean sandwich once: just beans between bread. I am down there.  Are you bean sandwich read?!  If not, keep doing you.

It’s time to realize what a person has to do.  A person has to live free by making themselves free.  Debt is not freedom, debt is a prison.  Each day you work to pay off our debts, you are in chains.  Get out of debt now!  Or just stop reading right here and go scroll social media for hours and forget about it.  It’s all good! 😉

Or: We have to make sacrifices. Get off your phone. I think I can’t live the fake lifestyles that I see anymore. I think I must stop taking in this bullshit. I think I have to become the frugal master.  I think I have to get angry about my debt in order to change my future.  One where I will be debt free and at the beach.  Everyone wants to change things for the better for everyone else but forgets they have to change themselves for the better first.  Don’t stop being philanthropic, but if you don’t have something to give you can’t give.  Think about it.

So, trailing off, I get somewhat acutely disturbed about others unawares debt, the lives they promote that are so costly they couldn’t possibly know. But I don’t care. I realize if most are OK on a sinking ship–which is going very down fast, more lifeboats and options for me. (I am under the philosophy: I better me, I better you.)

Now think, my first sentence was very hard to take, but if you made a penny for every Tweet or Facebook post or Insta scroll, damn, you’d be loaded, and halfway through paying off that credit card or that new phone or that student debt. Now, it’s a bit easier to understand, I hope.  That is why Facebook is rich and you aren’t. Head in outer space floating for likes and affirmation of importance.  You intelligent piece of carbon. Do you have a status update for that?

I washed my car yesterday in 40 degree Minnesota cold and then I ate some Ramen Noodles, it cost me nothing and saved me a lot more

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Even notice how a boat with a few holes in it sinks over time and it becomes more worrisome the farther you are from land? I do. Now place this image of a boat sinking on your financial situation. You lose a dollar here, ten over there, $2.50 on that one thing; the boat is your bank account. That boat is sinking slowly and you are out to see, sharks, such as creditors, banks, and lenders are following in the murky deep. We almost sank again, but this time I told my wife instead of paying for a car wash I would do it myself. Watch.

Yesterday day came and went with a car wash in the 40 degree Fahrenheit warm of St Paul, Minnesota. I think people looked at me as though I were crazy, carrying buckets from my basement to splash and lather a car I cannot afford on a side street. Yeah, I feel pretty dumb leasing it, though the lease is up in less than 20 months and we will be on to something new. The whole time I polished this machine I thought of how stupid it made me feel, to live beyond my means. People watched that spectacle, another Subaru driver waved, my neighbor sold a beater and asked me how my day was. Great! Beautiful day!

And that is why I eat Maruchan ramen noodles and rice. (With a price tag of under $5 for a number of meals I can consider myself winning.) SO, imagine now your boat sinking, money floating away, those sharks behind, empty fridge at home, wife wondering what is going to happen, and then $10 is about to go away for a car wash that leaves you wanting better. Yeah, and that car is parked in the garage losing value, begging for insurance to be paid–the expensive kind. I can get a bit cold and wet outside on such a nice day, save us money, buy us time. My debt snowball is about to be rolling, debt avalanche.

After all this, I learned something. If you can’t get creative and do it yourself, it ain’t worth doing. And if your food restrictions do not work with your frugality or goals towards financial fitness, you may need to think about your goals. Because, how I see it, you can either be gluten free or debt free, I know the gluten is asking me to buy their beach house on credit, but that’s just my opinion.  That beach house is where those debt institutions are watching your boat sink slowly from afar, thinking about monetizing your financial death on YouTube (which is another story), so they can earn more.

97% of American Millennials can be completely debt free in less than 8 years by doing one simple thing, here’s how…

Have you ever woken up and thought that you could actually be debt free, I mean, like, really debt free in your lifetime? No student loan payments, no car payments, no mortgage, no credit card payments… It probably feels like the “fuck-you money” kind of awesome, going from indebted-and-paying-constantly to just existing to peacefully nothing, to actual freedom. That is something. That is real. And how you get there is you set goals and get away from the news and social media. I am working towards getting there, mildly broke now but slowly and surely getting better.  You see, I am horrible at math but because reading a few books about personal finance and factoring with logic, I know I can be out of credit card debt, student loan debt, and all other consumer debt in 5 to 8 years if I just get focused and do. And you can too if you set goals and work hard and stay persistent in your endeavors. You can do anything you set your mind to. Imagine, taking the same amount of time you spend every day updating your social media or working with a movement for someone else’s goals and dreams or investing your time into reading ADvantageous to advertisers news, and putting it towards YOUR GOALS and YOUR DREAMS. You can do it with hard work and time, 98% of the time, guaranteed. Stop being distracted and focus on bettering your situation and in 8 years see how far you have come, 98% of Americans will have changed, hopefully, for the better.

The “Shame” of Credit Card Debt; NPR: Crushed Under Credit Card Debt: A Tale Of Survival

Crushed Under Credit Card Debt: A Tale Of Survival