Comments on: Recognizing the Credit Card Trap; Ensnare Yourself Out of Debt http://www.brokeass-student.com/recognizing-the-credit-card-trap-ensnare-yourself-out-of-debt/ ... where my idea of splurging is feeding my cat Fancy Feast. As a full-time student with a limited income stream, follow my journey in obtaining financial awareness and prosperity Fri, 03 Sep 2010 18:48:14 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Renegade Division http://www.brokeass-student.com/recognizing-the-credit-card-trap-ensnare-yourself-out-of-debt/comment-page-1/#comment-46477 Renegade Division Sat, 12 Jul 2008 07:24:30 +0000 http://www.brokeass-student.com/?p=10#comment-46477 Oh man I just love your blog, I used to live like a King back in India, spent like hell(my dad is rich in India), never understood the meaning of savings, could not save even when I tried to. But now, after getting a grip on Austrian economics, something has embedded in me, Saving is the key for prosperity. You can get an amazing idea, have someone to invest in it, and become millionaire, but to greatly increase chances of any prospects of becoming a really rich man, you must learn how to save. Keynesian economics teaches us that spending is the key for prosperity. It is Keynesian economics following which Feds think that if people will have more to spend they will be out of recession. So not true man! So not true! Anyways I buy my t-shirts from here: http://www.brandnewtees.com/index.html Brandless t-shirts of same quality as branded ones, except with no label on them. The label usually is your attitude. Anyways I then opened by Inkscape(the vector drawing program), draw some nice labels under the brand Renegade, and went to http://www.clothinglabels4u.com and ordered them(min order 150 cloth labels, so it comes around 2$ a label, and stitched them on my t-shirts and hoodies. Now I walk around with attitude wearing a brand and t-shirt, nobody can find merely by Googling the brandname online. As I write this thing I am getting a nasty idea in my head, throw up a $7 domain name, host on Oocommerce or opencart or zencart(any of the free e-commerce software) host it on your dreamhost account(there is a lot of space), and put the pictures of t-shits with the label and have the website of your own brandname, with really high priced t-shirts(like $70 or something), if someone orders them, send them the t-shirts you made(now its worth all the effort), if not then you didn't really lose anything, you just became classy with all the behind the curtains frugality. Oh man I just love your blog, I used to live like a King back in India, spent like hell(my dad is rich in India), never understood the meaning of savings, could not save even when I tried to.

But now, after getting a grip on Austrian economics, something has embedded in me, Saving is the key for prosperity.

You can get an amazing idea, have someone to invest in it, and become millionaire, but to greatly increase chances of any prospects of becoming a really rich man, you must learn how to save.

Keynesian economics teaches us that spending is the key for prosperity. It is Keynesian economics following which Feds think that if people will have more to spend they will be out of recession.

So not true man! So not true!

Anyways I buy my t-shirts from here:
http://www.brandnewtees.com/index.html

Brandless t-shirts of same quality as branded ones, except with no label on them. The label usually is your attitude.

Anyways I then opened by Inkscape(the vector drawing program), draw some nice labels under the brand Renegade, and went to
http://www.clothinglabels4u.com
and ordered them(min order 150 cloth labels, so it comes around 2$ a label, and stitched them on my t-shirts and hoodies.

Now I walk around with attitude wearing a brand and t-shirt, nobody can find merely by Googling the brandname online.

As I write this thing I am getting a nasty idea in my head, throw up a $7 domain name, host on Oocommerce or opencart or zencart(any of the free e-commerce software) host it on your dreamhost account(there is a lot of space), and put the pictures of t-shits with the label and have the website of your own brandname, with really high priced t-shirts(like $70 or something), if someone orders them, send them the t-shirts you made(now its worth all the effort), if not then you didn’t really lose anything, you just became classy with all the behind the curtains frugality.

]]> By: Alexander Kharlamov http://www.brokeass-student.com/recognizing-the-credit-card-trap-ensnare-yourself-out-of-debt/comment-page-1/#comment-18 Alexander Kharlamov Fri, 08 Dec 2006 07:35:33 +0000 http://www.brokeass-student.com/?p=10#comment-18 You make some very good points in this post. I think it's actually too good, and that's a problem, because it may scare some kids away from using credit cards for the rest of their lives :-) Here's the thing. If you know that you're disciplined about spending, or think that you can learn to be disciplined, credit cards can be a great tool. In USA, everything is built around having great credit, and most of us can't pay for big things like house and car with cash. Eventually, you're going to be in debt. And if you're disciplined, that's nothing to be afraid of (admittedly, that's a BIG if.) To get a good rate on the loan, you need to have good credit history. And how do you build good credit history? By using credit cards :-) Anyway, great post, keep on bloggin' You make some very good points in this post. I think it’s actually too good, and that’s a problem, because it may scare some kids away from using credit cards for the rest of their lives :-)

Here’s the thing. If you know that you’re disciplined about spending, or think that you can learn to be disciplined, credit cards can be a great tool. In USA, everything is built around having great credit, and most of us can’t pay for big things like house and car with cash. Eventually, you’re going to be in debt. And if you’re disciplined, that’s nothing to be afraid of (admittedly, that’s a BIG if.)

To get a good rate on the loan, you need to have good credit history. And how do you build good credit history? By using credit cards :-)

Anyway, great post, keep on bloggin’

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