Tag Archives: Debt

Cash, Accepted Everywhere Your Discover Card Isn’t

Hey Millennials, Start Dave, Stop being Broke

America, USA–Are you sick and tired of being sick and tired? Is it too much for you to pay your student loans, your new car payment, your mortgage, and still afford your sweet vacation?

Well, then you need Dave Ramsey, and his Total Money Makeover system–and to stop living beyond your means like the rest of American society.

Dave Ramsey will give you the tools and concepts to get out of debt fast so you can start living a debt free lifestyle. A lifestyle free from being a slave to Consumerism and credit card masters.

Start reading, listening, and watching Dave Ramsey today and you will better your tomorrow. I am, and I know you can.

The Unaccountable Nature of Credit Cards and Consumerism in America

American Expressed, by TSN_

Why credit debt works– it’s not your money, it’s not your loss. These cards and card holders aren’t accountable.

If you were losing 19.24 % on your investment, you’d most likely change. Perhaps we don’t think of it like that.

The connection between your money and your credit card is non-existent because their is no symbolic transaction:

Give your money, get something. You get their product. They keep your money;

With a credit card it’s like a pacifier. Give your card, get it back. Get their product, get your card back. There is a safety.

Never lose physically, tangibly.

A deception. People can’t connect the interest lost. They don’t see it as theirs. Because it’s the cards’ rate, not theirs.

Perhaps that is why there exists an Unaccountable Nature of Credit Cards and Consumerism in America.

What’s the Networth of That Movement?

70 % of Americans Finance their Credit Card Company’s Beach House

Limit Your Payments, Live Your Best Life

Saint Paul to Give $3M to Newborns based on a Study of Less than .5% the Population of the City

Melvin’s Money, by TSN_

Saint Paul, MN–Over the next three years the city of Saint Paul will give $3 million dollars (in $50 allotments) of taxpayer money to newborns in hopes that savings accounts generate college degrees. Giving out money to make progress based on cherry-picked data, that seems legit, and Democratic.

That said, this program is noble, honorable, fantastic, and based on very limited data. CollegeBound Saint Paul, the program in question, appears to rely solely on a singular data set of 1,554 participants from a 2013 study done by the Center For Development Research at Washington University.

MPR recently highlighted CollegeBound Saint Paul in an article titled, “Welcome to the world, and here’s 50 bucks for college“. In light of the limited data and the funding involved, this program should be called TaxpayerBound Saint Paul, to emphasize where the financial gift is coming from: citizens’ pocketbooks.

To clarify, the population of St Paul is 304,442 in 2016; the number of participants in the Center for Social Development’s study was 1,554 in 2013. That means the results of this study make up less than .5% of the population of the very city where this program is being implemented.

For compassion sake, to give children a fighting chance at getting an education is an honorable goal, a very progressive idea, especially done right with much research, scientific method, and proof of positive outcomes. However, to create programs funded with taxpayer dollars on scant information is reckless and poorly thought out.

I will end with this, as with any economic idea, time will tell. The truth will show itself as the aid gives way to the unrealistic promises in expensive programs. Economic ideas that work thrive over time. Economic ideas that do not work go bust, just after the politician that created them leaves office, most likely in 18 to 20 years down the line when we have no recollection of these programs or their champions or their intent in the first place.