Being well off has its benefits

jayem said:

Sure, most all businesses charge every customer, cash or credit, the same. But that price might be inflated slightly to cover the transaction fees paid to the card company.

In today's economy, pretty much everyone needs a credit card. At least to establish a credit score. But never run a balance. Credit card interest is ruinous.

Click to expand...

I never carry a balance. I'm called a "deadbeat" by the cc companies.

I pay much less for things on credit than I did when I was poor. That's one benefit of the otherwise burdensome position of being a member of the ruling class.

Wine tasting? Big deal . Being meek gets you a whole lot more than a stinking wine tasting.

OldWiseGuy said:

I never carry a balance. I'm called a "deadbeat" by the cc companies.

Click to expand...

Same here. Another smart move is to know the closing date of your billing cycle. You want to make purchases--especially larger ones--immediately after that date. Each billing period is usually 28 days. And then you have a 22-23 day grace period to pay the account before you'll be charged interest. Buying items right after the closing date--and then paying it off in full on the due date gives you essentially a 50 day interest-free loan. Not too shabby.

Tanj said:

So last year the wife and I bought an Audi A3. We paid in cash, because I had the cash available and financing is for chumps.

Click to expand...

Did you finally get to see the special cruise control that allows Audi drivers to travel 5 cm from the bumper of the car in front?

Chesterton said:

It's sometimes unfair that the rules require I address the post and not the poster...but the disgusting post speaks for itself anyway.

Click to expand...

Maybe I took it the wrong way, but I saw it as an attempt to show how being well off gives you perks that poor people can't access, and that help you be even better off.

For example high end credit cards give you free travel insurance, compensate you for airline delays, give additional warranty on purchased items, discounts at hotels etc. Essentially if you have one you can spend less to take the exact same holiday as someone who doesn't earn enough to get that card.

If you have a good income you can access money short-term for less interest, and you'll never need a high interest payday loan. Banks will give you better home loan rates. for the exact same house if you're better off. etc. etc.

Trogdor the Burninator said:

Maybe I took it the wrong way, but I saw it as an attempt to show how being well off gives you perks that poor people can't access, and that help you be even better off.

For example high end credit cards give you free travel insurance, compensate you for airline delays, give additional warranty on purchased items, discounts at hotels etc. Essentially if you have one you can spend less to take the exact same holiday as someone who doesn't earn enough to get that card.

If you have a good income you can access money short-term for less interest, and you'll never need a high interest payday loan. Banks will give you better home loan rates. for the exact same house if you're better off. etc. etc.

Click to expand...

Well yeah, but all that goes without saying. We all know that. Life is unfair. I honestly saw no point in the OP other than the OP wanted to brag that he's well off, and rub it in the faces of those who are not so well off.

Chesterton said:

Well yeah, but all that goes without saying. We all know that. Life is unfair. I honestly saw no point in the OP other than the OP wanted to brag that he's well off, and rub it in the faces of those who are not so well off.

Click to expand...

Why let it bother you?

I have never owned a drivers liscence, so I don,t give two hoots who owns what.

Robban said:

Why let it bother you?

I have never owned a drivers liscence, so I don,t give rwo hoots who owns what.

Click to expand...

In any case surely your chevy and a six pack are worth more to you than ten Audis.

Robban said:

In any case surely your chevy and a six pack are worth more to you than ten Audis.

Click to expand...

Throw in a guitar and a horse and you've got a country & western song right there!

Trogdor the Burninator said:

Throw in a guitar and a horse and you've got a country & western song right there!

Click to expand...

Haha, good one.