Credit Reality Check!!!
Get out of the fog
Here's a giant reality check question:
If every ounce of credit now available to you, in the form of cards or home equity or whatever, if all of it dried up, what would your life be like?
The fact that that's hard to imagine is a sign of how deeply entrenched credit-dependency has become.
Studies by behavioral economists show that credit divorces you from the "ouch" of spending actual money -- and thus it not only changes how much you spend (people typically spend more when they use plastic), it also creates fuzzy thinking around your finances.
One study showed that shoppers who paid with plastic didn't remember what they'd spent, whereas those who used cash did. (If you've ever been to a mall, this isn't news.)
Credit creates a fog. Cash will snap you out of it.
--
In todays economy we all need cash..
position yourself to earn $1000 a day from home
http://www.abundantkash.com
Here's a giant reality check question:
If every ounce of credit now available to you, in the form of cards or home equity or whatever, if all of it dried up, what would your life be like?
The fact that that's hard to imagine is a sign of how deeply entrenched credit-dependency has become.
Studies by behavioral economists show that credit divorces you from the "ouch" of spending actual money -- and thus it not only changes how much you spend (people typically spend more when they use plastic), it also creates fuzzy thinking around your finances.
One study showed that shoppers who paid with plastic didn't remember what they'd spent, whereas those who used cash did. (If you've ever been to a mall, this isn't news.)
Credit creates a fog. Cash will snap you out of it.
--
In todays economy we all need cash..
position yourself to earn $1000 a day from home
http://www.abundantkash.com
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