Tag Archives: Millennials

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.

My Problem with Budgeting: Making a #Christmas List

Why Student Loan Debt Will Never Be Cancelled

85% of Cars Purchased in Q1 of 2019 were Financed

Student Loan Forgiveness is STUPID!!!

Share track: Student Loan Forgiveness is Stupid

Share track: Credit Cards Are Taking Your Millions

Success with TS – Leasing a Vehicle is NOT for this Millennial Dad

Millennial Money: Turning in Our Leased Subaru Early Saves Us at Least $5,000 a Year

ST PAUL, MN–Yesterday, we saved our family $5,000 a year. We took our leased Impreza Sport in early and will now drive a minivan we bought with cash, per Dave Ramsey’s influence in The Total Money Makeover.

Our situation–saving us nearly $500 a month–is not average, nor is it normal by any means: 1/3 of all new cars are leased per average on 2018 consumer reports; nearly half of American adults rely on auto loans to pay for their vehicles: NOT OWNED.

We own our minivan outright, that’s unusual in a world where living on credit is standard. And by owning with no payments we save, BIG TIME. Also, by owning, within our means, we get out of debt sooner.

No more $343.17 a month to Chase for the Subaru we NEVER owned. No more $135 a month for insurance, high-end comprehensive, required by the lease agreement. On the minivan our first payment was the last!

We stopped paying for Subaru and Chase’s beach house, we are going to buy our own eventually, and sooner now.

I share our story because you too can do anything with a plan, action and a goal. Time to buy with cash, stop living beyond our means on credit. Patience and persistence to long-term success, good luck.

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Happy Reading,
TS_

Deactivate Your Social Media and Reactivate Your Life

EVERYWHERE, USA–Even with endless connection through social media, Generation Z and Millennials report feeling lonely. This is a clear sign that there is a need to deactivate societal social media account, and that social media is anything but social.

In the time a person can scroll a page endlessly they could have read book on self-help. They could have met a friend for a walk. A person could have started a side gig and paid down on crushing credit card or student loan debt. A person could have learnt a skill and realized they were happier with less constant interaction.

Social media can be a useful for staying in touch with old friends (so too can handwritten letters and phone calls). However, social media is not a friend, not even close. It is time to take your real life back by deactivating your social media and reactivating your life. Upgrade your life today.