It’s personal responsibility, bottomline. The system was created to enslave people with debt. I go to school fulltime and work fulltime and its hell, but I owe nothing and have no debt becuase I pay right away. The credit card companies hate me ;D
College is an investment. All investments involve RISK. The risk is that you will ruin your life with student loan and credit card debt and get an education that’s worth next to nothing.
Yes esp in a country that allows schools to be run like a business. They are not required to teach you anything yet can pocket 20’000 per student! Insane.
Going to college is not worth creating debt with an unmerciful government. Sometimes, health issues and certain upcoming mental and physical disabilities will prevent a person from making enough money, if any, to barely survive on, but the government will still take their money! You can’t take bankruptcy! You’re trapped permenantly. There’s no mercy! No forgiveness of debt. Financial slavery! Don’t be fooled. A job’s not promised at the end of your education. Education doesn’t equal prosperity.
I am 55 years old…..it used to be very hard to get a credit card. When I was 25 years old I tried to get credit cards for about 2 years with no luck ….and I had been working full time for 5 years at the same company. Finally I lucked out when Amoco Oil Co. sent me an invitation for their gas card. After I used it for a year THEN it was easy to get a Visa or mastercard
A hunge majority of students aren’t supposed to be in debt. You can just live near campus. No need for a laptop/ iPod/ car/ TV/ high phone bills. etc etc…. I’ve seen a lot of liberal arts majors with the latest Mac laptops. Makes no sense.
Yep and the funny thing is according to the AICPA education cannot be valued or put on a balance sheet so it is not an asset. It is merely an expense not an asset!
I’m a freshman in college and have one credit card with only a $500 limit….THAT’S IT. I will not get any more credit cards. So far the only thing I’ve bought on my card is bus tickets to go home and Microsoft Office word, and ALL of it has been paid back. Its about self control people. You DON’T need that new Prada Bag!!!!!
You do NOT need a credit card. A debit card will allow you to do anything a credit card will EXCEPT get you into debt. If you cant pay cash you can’t afford it! And that includes cars. if you use your head you can own good quality late model used cars for life without debt.
Why not teach our kids to save and invest instead of spend and get debt?
not entirely true. are you going to save up money and buy a house with cash? No your going to take out a 30 year mortgage. Strong credit will give you low interest rates.
What I say is true. If you pay your bills on time, pay your rent on time, have NO consumer debt, and show a regular serious saving history you can save the down payment and get a mortgage for a house you CAN afford and not one you can’t afford, just to impress your friends. It can be done. It just takes a little dicipline and desire! If you do these things you will be able to find a bank that will asses you on your merits and not rely on a stupid FICO score.
February 4th, 2008 at 12:01 am
Try this program that costs $10 per month to participate as seen on YouTube “STUDENT DEBT KILLER”
August 19th, 2008 at 5:32 pm
It’s personal responsibility, bottomline. The system was created to enslave people with debt. I go to school fulltime and work fulltime and its hell, but I owe nothing and have no debt becuase I pay right away. The credit card companies hate me ;D
August 22nd, 2008 at 2:07 am
College is an investment. All investments involve RISK. The risk is that you will ruin your life with student loan and credit card debt and get an education that’s worth next to nothing.
November 26th, 2008 at 11:29 am
Yes esp in a country that allows schools to be run like a business. They are not required to teach you anything yet can pocket 20’000 per student! Insane.
December 30th, 2008 at 2:39 pm
Going to college is not worth creating debt with an unmerciful government. Sometimes, health issues and certain upcoming mental and physical disabilities will prevent a person from making enough money, if any, to barely survive on, but the government will still take their money! You can’t take bankruptcy! You’re trapped permenantly. There’s no mercy! No forgiveness of debt. Financial slavery! Don’t be fooled. A job’s not promised at the end of your education. Education doesn’t equal prosperity.
February 23rd, 2009 at 4:30 pm
A community is supposed to invest in their future. Education is an investment in the future of society.
Why in the hell are kids having to pay for their education in the first place?
Answer: economic stimulation.
April 4th, 2009 at 8:16 pm
I am 55 years old…..it used to be very hard to get a credit card. When I was 25 years old I tried to get credit cards for about 2 years with no luck ….and I had been working full time for 5 years at the same company. Finally I lucked out when Amoco Oil Co. sent me an invitation for their gas card. After I used it for a year THEN it was easy to get a Visa or mastercard
May 12th, 2009 at 12:03 pm
A hunge majority of students aren’t supposed to be in debt. You can just live near campus. No need for a laptop/ iPod/ car/ TV/ high phone bills. etc etc…. I’ve seen a lot of liberal arts majors with the latest Mac laptops. Makes no sense.
June 22nd, 2009 at 4:00 pm
The problem is that debt is now profit able and all economies (even if one day they collapse) run in cycles.
July 15th, 2009 at 12:48 pm
i warn my daughter that its college years where they start to hook you into a lifetime of debt…. i learned that the hard way…
August 2nd, 2009 at 7:07 pm
Oh man, do you have some major disappointment going to center punch your ass
September 21st, 2009 at 12:40 am
Did she say on avg. 3-7 thousand? I’m sure that’s inaccurate.
October 11th, 2009 at 1:05 pm
Yep and the funny thing is according to the AICPA education cannot be valued or put on a balance sheet so it is not an asset. It is merely an expense not an asset!
October 27th, 2009 at 11:45 am
what about going without and saving?
November 24th, 2009 at 12:08 pm
im teachin my kids to charge as much as posible and never pay anything back ha haa
January 31st, 2010 at 2:45 pm
I’m a freshman in college and have one credit card with only a $500 limit….THAT’S IT. I will not get any more credit cards. So far the only thing I’ve bought on my card is bus tickets to go home and Microsoft Office word, and ALL of it has been paid back. Its about self control people. You DON’T need that new Prada Bag!!!!!
February 26th, 2010 at 8:15 am
You do NOT need a credit card. A debit card will allow you to do anything a credit card will EXCEPT get you into debt. If you cant pay cash you can’t afford it! And that includes cars. if you use your head you can own good quality late model used cars for life without debt.
Why not teach our kids to save and invest instead of spend and get debt?
March 2nd, 2010 at 8:34 pm
not entirely true. are you going to save up money and buy a house with cash? No your going to take out a 30 year mortgage. Strong credit will give you low interest rates.
March 2nd, 2010 at 8:52 pm
What I say is true. If you pay your bills on time, pay your rent on time, have NO consumer debt, and show a regular serious saving history you can save the down payment and get a mortgage for a house you CAN afford and not one you can’t afford, just to impress your friends. It can be done. It just takes a little dicipline and desire! If you do these things you will be able to find a bank that will asses you on your merits and not rely on a stupid FICO score.
April 6th, 2010 at 3:24 pm
Interest is the invention of Satan – Thomas Edison
June 9th, 2010 at 9:41 pm
ok… or… you could just save your money and stop being a dweeb spending money you don’t have lol.