The fact is times where easier decades ago, despite all this new high tech stuff to make things work better and faster the downfalls has surpassed them to far to keep things at least balanced. The main reason is our financial system and the bank influence on society. My generation was raised to use credit everyday and that having credit is a social status. We where taught that owning a house is a major achievement and that car payments are normal. But before my time around the 60’s and 70’s people where not caught up in these banking strong-arms nearly as bad and where much happier for it. It was o.k. to buy a junky car and it was o.k. to wear older clothes. And using credit was never smart unless you where really desperate. But thanks to good marketing playing on our desperation to be better then that next person, we all will sell our soul for a nicer car or fancy clothes and bling. But the fact is all this fancy stuff is just bait for the banking industries puppet show.

Why is it such a scam why not just use credit and live better?

Look at it this way; for every dollar in principle paid back to credit card companies they average over $2 in interest. That means the average person is paying back $2 for every $1 they borrow. You are on average paying double for every dollar you put on credit even if you think you will pay it off.

Not to mention most credit card companies make most of their money on late and overage fees.

So in total, credit card companies are making over $4 for every $1 they lend on average. That means the average American is paying for times over what a product is when they buy it and some cases are paying much much more. I just got a new free bank account three months ago and I have paid well over $100 in overage fees because I mixed up my saving and personal account when making payments. Stupid yes, but the reality is they are betting you do this and the reality is most people will make these mistakes. banks use to be o.k. if you go a little over especially if it’s a mistake. The banks now would never have such personal service and the reality is that it doesn’t effect them if you go over a little they are punishing you for breaking the rules not to help subsidize their needs for accounts that go over.

Also keep in mind the credit reporting companies. Even if reported by error the credit reporting companies will not remove most things off because simply they are ran by the banks, every business needs credit to compete now-a-days because another company will use credit and so on and so on. The banks know they will make more money if people have a threat to desperately keep their credit good.

The solution is simple only use your debit or bank card. Throw out the credit card and stop worrying about building your credit up. You do not need it and you definably do need the wealthy lifestyle that causes more stress and self centered egotism.

The dream of buying a house is gone, your much better off renting and your even more better off if you can live in a APT community. That will help stop urban sprawl and it’s a ton better for the environment, traffic, and lowering your stress.

But can you break the allure of fake wealth?

Interesting enough, poor people have less stress and are in better relationships, sex, and best of all they can focus on their family and relationships rather then their bills and career they have worked so hard for just to pay off their credit debt.

David used the classic Threaten To Cancel method to save big time on his cable bill, $238.92 per year. Better yet, he did it in the face of Comcast trying to raise his bill. Granted, it was by less than a dollar. But why pay more if you don’t have to? Here’s how he did it.

He told the CSR that he was not happy with service anymore and found it overpriced. The rep tried to get him to to a lower bandwith for a lower price. Dave said no, I just want to cancel. Comcast came back with $33/month for 6 months.

“I said that was a good price,” writes David, “but that I still wanted to cancel…unless he gave me that price for 12 months. He agreed, and now I am paying almost half of the full monthly rate, without having to add more services I don’t need (ie home phone and cable TV), or downgrading It seems like Comcast is very willing to keep the customers they already have, so take advantage of that and get yourself a lower rate.”