What began for many as a way to pay for concert tickets and vacations is becoming an ordinary tool that Gen Z and millennial shoppers use for food, contact lenses and trash bags.
He’s not wrong, but this comes off as “it’s only a banana Michael”. If he’s talking about a house, then yes. If he’s talking about groceries, that adds up quickly. Don’t just pay interests on everything.
I saw a youtube video yesterday about a bank executive explaining banks in a humorous way, and the best line was
“you don’t need to afford the item, you need to afford the interest payments OF the item”
He’s not wrong, but this comes off as “it’s only a banana Michael”. If he’s talking about a house, then yes. If he’s talking about groceries, that adds up quickly. Don’t just pay interests on everything.