Nice vid. Thanks for sharing.

Judge Cilley, although speaking “ad lib”, was closer to speaking the real truth about the devil’s work than the filmed participants (and you readers) are inclined to believe, or acknowledge. Think about it. Brilliantly done and scarily thought-provoking….to those who have ears to hear.

yo homes check out ma vids fo a laugh

why on earth do you need a credit score at ALL if you intend to pay for everything with CASH (or DEBIT card)…INCLUDING your mortgage. You don’t need everything RIGHT NOW and that includes your house. Save cash for an emergency fund then PAY cash for everything else. “The Total Money Makeover” By Dave Ramsey explains it all

Brillian Pam. Good luck with the book.
Cheers
SuhaNZ

As a European who knows from experience (just paid off my card in monthly instalments) I can tell you you are mistaken about the system being all that different.
I take full responsibility from my spending, but it is true that it is all too easy to be lured into spending, every time the balance on my credit card got higher the company gave me more spending room without asking me if I wanted it first. That seems like encouraging people to make unwise decisions with their money to me.

That was awesome. We finished Financial Freedom w/Jim Sammons a few months ago and the lighthearted touch was nice. Just remember-20% discount on all items when you pay w/ cash. =)

Well, here in Europe your credit card debt is automaticaly drawn in from a bank account at the end of each month, which is probably a better system.
However if people get into troube because they do not pay back their debt, it is their own fault. You can not blame credit card companies because they give people the possibility (= not compulsory) to borrow money.

Little cheesy, lol.. BUT - a very, very valid point.

that’s great, I’m glad that I don’t have that monkey. I use my card (singular) for the points and always pay it off. But I’ve seen the problems these things can cause.

Dave Ramsey would be proud.

Unfortunately, you’ve bought into the multi-billion dollar PR and Marketing campaigns that the credit industry pushes. Fact is that most people don’t pay off monthly. Fact is that the average person has $8,000 in credit card balances. Fact: you pretty much only need a FICO score in order to borrow more money. The people in this video have committed to no longer carry debt. Debt is not a “tool,” it is a monkey on your back. The sooner you realize it, the sooner you’ll be free.

I think this video is is ridicules. I get it that credit cards can be abused very easily. Having and using a credit card is not the worst thing in the world, if you pay off the balance at the end of every month. The worst thing you can do is pay the minimum balance. If you have credit cards every month. They can really help to increase your credit rating. Which will save you money on your insurance and if you take a mortgage you will be eligible for lower interest rates.

Point well made with great humor!

funny in the begining but then adfter 2 minutes or so it just got stupid

that was brilliant. Y’all must have really enjoyed doing that. I love Pam Young!

Annie, you must be a Firefly fan!

That was amazing.

The music made it hi-larious! Congrats Robert on your retirement.