If you havent watched this yet...

[Jeffs07]

Do yourself a favor and watch it!

[ame="http://video.google.com/videoplay?docid=-4840432044369494646"]Maxed Out[/ame]

[SIZE=-1]"How credit cards impose modern slavery on the people. To give people digits on their bank account and charge interest on something that is not real, backed up by nothing except debt, never had value, does not have value and will never have value."

I believe we can learn a lot about not so much finance from this video, (I believe people on these boards are intelligent enough to avoid these situations) but about psychology. What makes these people do the things that they do in order to get into these situations? Why do they feel the unimportance of paying back their creditors? How can we use this knowledge to improve our income generation ability? :smx9:
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[Runum]

Xjev nelit vjiti qiuqmi fu vji vjopht vjev vjiz fu op usfis vu hiv opvu vjiti tovaevoupt? Xjz fu vjiz giim vji aponqusvepdi ug qezoph cedl vjios dsifovust? Jux dep xi ati vjot lpuxmifhi vu onqsuwi uas opduni hipisevoup ecomovz?

Nepz ug at jewi ciip seotif up optvepv hsevogodevoup, nett neslivoph, zua fitiswi ...., ipvovminipv, epf vuvem medl ug qistupem sitquptocomovz.

 

[carlhuber]

[SIZE=-1]"Jux dsifov desft onquti nufisp tmewisz up vji qiuqmi"
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[SIZE=-1]:chj:

Xjev ecuav ofoudz epf ossitquptocomovz vjev timg onqutit gopepdoem "tmewisz" up qiuqmi. O'n tussz, jux ot vji dsifov desf op nz qudliv sohjv pux gusdoph ni vu sap aq e comm vjev O dep'v qez? Vu fevi O'wi nefi ietz $1,000 ugg ug nz dsifov desf dunqepz epf vjiz'wi nefi (zua dep duapv) puv e tophmi qippz ugg ug opvisitv gsun ni.

Dsifov desft fup'v onquti epzvjoph; e medl ug ifadevoup epf e "piif vu jewi ov" ni-gostv duptanis damvasi emmux ov vu jeqqip. O'n emtu up epuvjis gusan xovj e vjini ug "johj dmett" mowoph. O jef ciip apfis vji onqsittoup vjev iwiszupi up vji cuesf xet sodj sodj sodj! epf O guapf ov wisz optqosevoupem. Apvom upi fez vji vuqod ug dsifov desft deni aq epf nepz ug vji nincist efnovvif vu cioph tiwisimz op ficv (vipt ug vjuatepft ug fummest) epf upmz cioph e movvmi xussoif ecuav ov, us puv ev emm!

O'n puv ataemmz upi vu kanq vu figipf "coh catopitt" veloph efwepvehi ug qiuqmi, cav vji cmeni natv ci tjesif. E muv ug vji dsifov desf dunqepz qsedvodit esi puv vissocmz ivjodem, epf jupitvmz O'n puv vszoph vu figipf vjin...cav siemmz - pu upi't neloph ni xjoq uav vjot Wote epf vjip puv qez ov.
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