In the last 14 months, my real estate business has been wiped out, leaving pennies in my biz account and credit card companies calling me several times a day.
During my business's hard times this last year, I was surviving and paying bills, but the credit card companies greatly reduced the limits on the cards while greatly increasing the interest rates -- at the very time that I needed capital to survive and weather the severe downturn, which was brought on by collusion between the card companies' banks and the federal government. When I professionally addressed each card company about the deleterious effects of their actions on my company's accounts, they each said they had no choice, even though I'd been a diligent card member with each company for anywhere from 5 to 12 years and made each tens of thousands in interest.
I moved out of my four-bedroom home and am now living in a home half the size with my daughter. Though I continue to help my franchisees with my real estate company, I have branched out into three other businesses that are still some time away from making me more money than just survival cash.
But I am determined to never use credit cards again as long as I live. I will do as my father did: buy with cash or not buy at all. I will not make a credit card company one more cent of interest as long as I live. I also will not buy a home or a car unless I can do so with cash because I do not wish to make one penny of interest money for the banks that screwed me, my business and many friends' businesses and lives. I see no way around having a bank account, unfortunately, and just stockpiling cash at home because one generally must have an account to pay bills, and it is too dangerous to keep cash at home, so I must, for the time being, allow my bank to make interest by investing my meager money in my bank account, but I will look for alternatives in the near future and have a few ideas.
I would hope that my fellow Americans would do the same and live simply by a debit card, drawing only upon cash already in an account, thereby strangling the credit-card companies and the lobbyists that suck the dicks of Congressmen.
It is a wonderful feeling to be free of the monsters. I also got rid of my health-insurance company 14 months ago and have saved $6,000 by doing so and staying fit. If Congress wishes to attempt to make me buy insurance, I will sue. I wish my fellow Americans would join me in a class action against such barbarism.
Cash or credit?
To hell with credit card companies, banks and health insurers. To hell with them all!!