| So, you have the same idea as me? Leverage the strong U.S. dollar to give you a huge return by 'investing' it somewhere where the per capita income is very low?
MM, I believe more than just poor get stuck on credit card debt. My parents' combined income when I was in high school (1980s) was at least $80,000 per year. Yet, they had no money and a huge load of CC debt because it was simply too easy to buy things they really couldn't afford by charging it. Somehow the ability to use a piece of plastic takes away the real feeling that money is being spent.
I don't have a single CC and I really don't plan to. That way when I spend money I see the physical money being spent and it makes me very thrifty (only thing I really ever pay by check for is my rent or things that require large payments such as computer purchases). |