Your hamster mind wrecked your credit

One trend I find in some manosphere blogs is the constant repetition of the “Don’t use credit cards” mantra. Although it is intended to be a helpful element to the proposed “unplug from the matrix/ financial freedom/ don’t be a slave”  re-frame many try to inculcate into their new red pill philosophy, I believe adopting this thought denies a simple truth to a deeper problem.

You cannot control your impulse. You cannot manage your money soundly. You are acting delusional.

Yeah, we’ve all heard the arguments before. “The interest they charge is robbery/ The credit card companies take advantage of wittle o me/ It makes me buy stuff I don’t need and then I spend years paying it off/ It’s just a way of The Man keeping the working class on the tit.”

That is the biggest irrational thought process one can maintain. It’s your own hamster mind fucking with your wallet. You aren’t willing to accept the truth; you are an impulsive emotional child of a man.

The truth is money lending has been around for thousands of years. It has enabled countless explorers to head out and discover new lands and new commerce. It enabled the colonies of the U.S. to fight British rule and establish sovereign soil. It has enabled herders and merchants the opportunity to borrow in order to expand their little herds and market stands. It allows the opportunity for serious sound business plans to be put into motion with the rewards of the implementation of these sound plans to be fruitful to the lender and the borrower. Airplanes, railroads, highways, skyscrapers, parks, waterfronts, roads, homes and a myriad of other benefits to society have come about because of credit. The biggest and greatest companies around the world wouldn’t have existed if it weren’t for credit borrowing.

Except you bought $300 designer jeans, over priced drinks at some mixology bar, a vacation package with the girlfriend ( whom you seriously entertained the idea of pushing her over the railing on that last cruise because she bitched the whole time), the expensive dinners to impress some 22 year old yoga twat, the 60K european sedan, that shitty living room/bedroom set from Ashley furniture, the shopping spree at H&M, the 1k watch GQ said was a ‘must have’, the $250 worth of premium booze for your loser friends who only brought chips, ready made guacamole and shitty cocaine to your  Super Bowl ‘party’ (and you lost your $200 3 way parlay) the newest version of the smart phone that you only use to text, check FB status every 5 minutes and play words with friends, the rims on your new 5k used Nissan, the 10K for your ‘band’ to tour Europe, and that Vegas trip where you gambled your money away within the first three hours of hitting the casino. You co-signed for a car loan for some slit you were dating who eventually drops out of cosmetology school. You bought jet skis for the lake you go to 3 times a year.

You thought you could buy real estate and flip the house making a ‘tidy’ profit. You never read the fine print of your re-fi home loan. You never thought of the cost of ownership, upkeep, repairs, taxes, sudden catastrophes, water line breaks, leaky roofs, abatement laws. You never did due diligence on the broker. You believed someone else or the media when it seemed it was raining money in the housing markets. You thought you could get by and live large with minimal effort and minimal thinking.

You suck at managing money.

That’s why you filed bankruptcy and discharged 35k in debt. You missed payments. You paid only the minimum each month. Your credit score sucks. You can’t even get a $500 line of credit. That’s why you stress out whether your rent check will bounce or you put it off til the 5th of every month. That’s why you lost your house. That’s why you’re paying 3k a month on a house you should have been paying $800 a month.

While you were screwing around at work and just cruising along, you weren’t paying attention to the market. You didn’t make sure you offered high value at your job, exemplifying leadership qualities and the desire to create capital for the company based on the labor put in. You were comfortable. You thought you were going to have your parents life. You weren’t watching trends. You were watching TMZ.

You suck at managing money. Your parents probably never discussed proper money discipline. Hell, they probably didn’t even practice it themselves.

So when the low cycle came, (as it always does) you BK’d. And now you shout “Fuck credit cards!” at the top of your lungs.

“Fuck mortgage lenders!”

“Fuck the banks!”

It’s the same as blaming your car for getting a speeding ticket.

You suck at managing money. Your impulsive. You don’t reason out the consequences of your actions.

Here’s another truth. Not having a credit card and relying on your debit card won’t help you fix what’s broken. If you can’t manage a credit card, how the fuck do you think you can manage your ATM card?

I’ve been there. I’ve BK’d. I spent money on the cards like I had extra cash laying around. I always was thinking ‘I’ll catch up on the balance.’ ‘ Next couple of months. I’ll make x amount of dollars and pay it down.

You never do.

I know this because I’ve done it. I still am an impulsive person. I maxed out a card a couple years ago and it got closed after I missed 3 payments ( because at the time I had enough for my living expenses and no more AND I thought I could catch up on it with future sales from my startup).

Nope. It don’t work that way.

I don’t blame credit cards. I blame myself. I blame my ego/ hampster mind. There is a proper way to manage credit that benefits you so that you can get that a car that doesn’t break down all the time; so you can buy that small property or house to live in for the next 10 years; so you can get a small business loan for a start up.

Credit will not go away. And unfortunately, if you can’t show proper financial understanding and control, you may not even be able to open a bank account in the future OR you will be attached to higher interest charges across the board in most financial transactions in the future.

I continue to use my credit cards. I have a decent FICO (could be better and in time it will) I have no late payments in close to two years. But more importantly, I am better at really discerning whether using it is necessary or not. I pay on time or before, pay them down as quickly as possible and make sure my balance doesn’t exceed 30%  of my limit.

There are good experts out there like Ramit Sethi and Suze Orman who have vital strategies in managing money and credit.

Put the blame where it belongs. Own up.

And then change your pattern.

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