Lesson Eleven – Credit

It’s very easy to get some credit in this country. If you have a job and a decent or empty credit history you can get some credit. Which is great. Its important to be able to have some money that simply isn’t yours that you can use in emergencies. Wealthy people have awesome credit cards and awesome credit rates. Credit companies basically pay them to use their credit cards. The reason is the desire for their business vs. the competition. They have to offer great deals and offer high credit lines and incredibly low interest rates. They will profit off the wealthy person, albeit not a ton, but they’ll make some money in the end.

Most Americans get terrible rates on credit cards. Because most Americans owe on credit cards. They cant pay them off, and when they do they typically owe money again almost immediately after. Credit companies make a ton of money off the average Joe. They don’t offer great deals they offer decent deals and at best a crappy interest.

You get the absolute worst deals. You get absolutely no incentives and very high interest rates. This should deter low income people from ever using credit.  The problem being is that most low income people don’t make enough money to survive. We rely on unreliable income and even get that in small amounts. If we want to buy our kids birthday presents or take them to Chuck E Cheese or whatever we typically have to put that on credit. Really anything not food and rent goes to credit. And we can never pay it off because we’re never making more money. Either the same money or less. Credit card companies LOVE this. They make so much money in the end. We pay more interest by a huge margin than money borrowed by the ends of our lives. Its a scam. And it helps keep the rich rich and the poor poor.

Again this goes to the entire mantra of staying alive in the ghetto. You, being an American, think, “Something should be done about that.” Yea absolutely. It’s hurting a ton of people and contributes to a below par lifestyle for a ton of people. But there are no champions of the poor. Poor people don’t vote. Even if they did no presidential nominee would ever combat real issues in this country. They make up issues like gay marriage that have no real intrinsic bearing on anything and use vague words like “Hope” to not tackle this stuff.

The only way to survive the ghetto is the same way you survive the desert. You accept that you are not in control of the environment and have absolutely no bearing in “the way things should be.” You just have to stick to your goals of staying fed and hydrated and getting the hell out of there. Learn humility, learn how things work, and make critical decisions. Don’t waste a minute or a dollar trying to change things. Don’t forget why you live in the ghetto in the first place. You have no value therefor your voice and opinion has no value. Accept it, own it, move on.

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