calmloki said: I still feel that credit cards are a leech on the productive economy - the 3-5% drag they impose provides no food or clothing or anything else physical - it simply makes things more expensive. The fact that we can take advantge of the card offers does not mean that credit cards are good for the world.

Wow, so do you think that the online economy would have been able to prosper in the same way without being able to offer credit cards as a method of purchase? Gosh, I know Amazon.com would be as popular if after ordering I had to print out my order, write and mail a check, wait for it to clear, and then have my goods shipped.

You may as well say the same thing about electricity, flush toilets, security cameras, heating and air conditioning, electronic cash registers, and all the other things businesses use to provide their products to people. After all, anything more than a primitive lean-to with a picnic table to hold products is all that's really needed to conduct business. Anything else just makes things more expensive. Your argument doesn't fly.

mikef07 said:SUCKISSTAPLES said:we're not saying he is stupid for his choice to live a debt free life... thats his choice. We are saying his characterization that anyone who uses ANY credit cards , will lose, is foolish.

While its true the majority of people use credit irresponsibly, there is a small segment of the population that use credit cards to MAKE money, dont spend extra just bc its on credit, etc. This forum happens to be full of people like that.

If you use credit cards to make money you arfe never going to be rich. If you spent the time it took to do all of these credit cards and got a second job you could make a hell of a lot more money.

Lust, is that you?

One more time:

AoR:
10-20 hours for the entire year
$2,000-$4,000 in profit

Taking the worst numbers, that's still $100/hr. Care to name a part time job not requiring extensive education and ceritification in the field that pays that much?

scott1961 said:Title should be changed to,
I Have a I.Q of Zero…And I Love It!

My IQ test came back negative.

asdf9876 said:mikef07 said:SUCKISSTAPLES said:we're not saying he is stupid for his choice to live a debt free life... thats his choice. We are saying his characterization that anyone who uses ANY credit cards , will lose, is foolish.

While its true the majority of people use credit irresponsibly, there is a small segment of the population that use credit cards to MAKE money, dont spend extra just bc its on credit, etc. This forum happens to be full of people like that.

If you use credit cards to make money you arfe never going to be rich. If you spent the time it took to do all of these credit cards and got a second job you could make a hell of a lot more money.

Lust, is that you?

One more time:

AoR:
10-20 hours for the entire year
$2,000-$4,000 in profit

Taking the worst numbers, that's still $100/hr. Care to name a part time job not requiring extensive education and ceritification in the field that pays that much?

Ok not bad. My apologies for my ignorance. How does it work? I thought you end up making 300-400 for the year

WalStMonky said:calmloki said: I still feel that credit cards are a leech on the productive economy - the 3-5% drag they impose provides no food or clothing or anything else physical - it simply makes things more expensive. The fact that we can take advantge of the card offers does not mean that credit cards are good for the world.

Wow, so do you think that the online economy would have been able to prosper in the same way without being able to offer credit cards as a method of purchase? Gosh, I know Amazon.com would be as popular if after ordering I had to print out my order, write and mail a check, wait for it to clear, and then have my goods shipped.

You may as well say the same thing about electricity, flush toilets, security cameras, heating and air conditioning, electronic cash registers, and all the other things businesses use to provide their products to people. After all, anything more than a primitive lean-to with a picnic table to hold products is all that's really needed to conduct business. Anything else just makes things more expensive. Your argument doesn't fly.

Yup - uphill through the snow barefoot both ways - and we liked it! Regarding the online economy - while i use it i'm not convinced it is a good thing: for every outstanding customer service Zappos there are dozens of less sterling sellers. There's something to be said for holding a potential purchase in your hand rather than looking at the monitor. Probably fewer unsuitable unreturned purchases from B&M stores. While boosting UPS and USPS workload vastly we have hurt the local stores - hardware stores that don't get all your big and little hardware purchases can no longer afford to sell you a couple screws and some gasket material - they've gone out of business 'cause we price shopped from an online source who is having our order dropshipped. Result is everything becomes a blackbox - need a screw or a handle for your coffee carafe? Can't get one. Gotta buy a new $60 machine.
I kinda like lights and heat and indoor plumbing - i'm not convinced that slowing down and maybe having the chance to think about purchases is a bad thing for the buyer. But as SIS says, we're probably the responsible minority that take the advantages with not many of the negatives. Not a total Luddite - ordered a dump valve for a carpet cleaner from Dallas this morning using my PenFed card because the local janitorial supply didn't stock it.

I just want to tell you that the person who posted those post is indeed a man, however, he mentions "we" alot so I am not sure who that would be refering to. Unless it is his fiance. Also he is a college student. So tell how much knowledge and authority he has to be giving out such advice.

RushnRockt said:calmloki said:
Yup - uphill through the snow barefoot both ways - and we liked it! Regarding the online economy - while i use it i'm not convinced it is a good thing: for every outstanding customer service Zappos there are dozens of less sterling sellers. There's something to be said for holding a potential purchase in your hand rather than looking at the monitor. Probably fewer unsuitable unreturned purchases from B&M stores. While boosting UPS and USPS workload vastly we have hurt the local stores - hardware stores that don't get all your big and little hardware purchases can no longer afford to sell you a couple screws and some gasket material - they've gone out of business 'cause we price shopped from an online source who is having our order dropshipped. Result is everything becomes a blackbox - need a screw or a handle for your coffee carafe? Can't get one. Gotta buy a new $60 machine.
I kinda like lights and heat and indoor plumbing - i'm not convinced that slowing down and maybe having the chance to think about purchases is a bad thing for the buyer. But as SIS says, we're probably the responsible minority that take the advantages with not many of the negatives. Not a total Luddite - ordered a dump valve for a carpet cleaner from Dallas this morning using my PenFed card because the local janitorial supply didn't stock it.

Your Home Depot doesn't sell screws? You conveniently ignored the fact that all these online stores LOWERED the price on many goods. And the reason you avoided that fact is that it goes against your claim that credit cards increase prices. I don't think there is a point in arguing your understanding of economics if you are just going to pick and choose the "negative" aspects without acknowledging the overwhelming positive factors. I do recommend you read up more about economics and finance though, it might help you understand the issues as one whole picture.

Ok, I'm a dummy - thanks for the recommendation that i improve my knowledge. Kinda think it's sad you think Home Depot is a local hardware store. You really think i haven't acnowledged the positive aspects of credit cards? I thought i was pretty explicit about how i used them. And i think it is you who is missing the whole picture - but that's ok - really not attacking you Rushn - dunno why you're coming off like i whizzed in your wheaties.

wow, how scary, people actually think like that. I've got so many credit cards, and I've made so much money from my credit cards, not only from rewards, but for profits from buying things I don't otherwise have cash to pay for and then selling for profit.

I just have one thing to say:

Money makes money—if you don't have the money to make money, borrow the money to make money..

mikef07 said:lazybummm said:wow, how scary, people actually think like that. I've got so many credit cards, and I've made so much money from my credit cards, not only from rewards, but for profits from buying things I don't otherwise have cash to pay for and then selling for profit.

I just have one thing to say:

Money makes money—if you don't have the money to make money, borrow the money to make money..
And while you were taking the time to make peanuts with your credit cards I was working on how to get into the Urology field so that I could take my $135-$150K pay and get it to $195K first year, $225K second year, and $275K third year working 15-20 hours a week.

what does that have anything to do with this thread? keep living your american dream!

mikef07 said:SUCKISSTAPLES said:we're not saying he is stupid for his choice to live a debt free life... thats his choice. We are saying his characterization that anyone who uses ANY credit cards , will lose, is foolish.

While its true the majority of people use credit irresponsibly, there is a small segment of the population that use credit cards to MAKE money, dont spend extra just bc its on credit, etc. This forum happens to be full of people like that.

If you use credit cards to make money you arfe never going to be rich. If you spent the time it took to do all of these credit cards and got a second job you could make a hell of a lot more money.You've got to be kidding, time-wise. I've made close to $2k in the past year or so just in CC rewards and bonus money and have spent MAYBE 30 minutes total filling out apps online and activating cards over the phone. AoR's are a different story, but bonuses are dirt-simple easy money.