A Quote by A. J. McLean

I had this question asked to me recently when I was buying food for my wife and brother in law and I would like to ask it to other people: Why is it that most celebrities pay with cash as opposed to credit card? Is it so that they are not recognized right away and want to be more unassuming?
If you're in poverty and all you have is a debit card or a prepaid card or you pay in cash, it does not report to a credit bureau. If it doesn't report to a credit bureau, it cannot create a credit score for yourself.
I carry cash around with me all the time as I like buying dancers I'm working with snacks and drinks, but I also use my Amex card and a Coutts Visa card, which I always pay off in full every month. I hate the idea of being in debt.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
We can think about how we reduce the pain in paying. So, for example, credit cards are wonderful mechanisms to reduce the pain of paying. If you go to a restaurant and you are paying cash, you would feel much worse than if you were paying with credit card. Why? You know the price, there's no surprise, but if you're paying cash, you feel a bit more guilt.
If you have loans, the first thing you want to do is say, "Okay, look I have a credit card, if I really need to borrow, I have this emergency money that I can get, but for now there is no reason for me to keep cash at zero percent interest rate and at the same time, pay all of this money out. So, I think people need to figure out quickly how to pay loans and how much cash they should really keep.
If you have a choice between buying something and paying down your credit card, pay down your credit card.
I had a question asked of me the other day, and this is asked of me a lot, surprisingly. 'Is there anything you want that you can't have?' And I said, 'Of course! What kind of question is this? Of course there is.' There's any number of things that I would like to have that I either can't afford or it doesn't make sense to buy. You know, I'd love to have world peace.
If you ask me can you explain the success of Facebook or Twitter, its very simple. People want to have the right to speak, people want the right to say what they feel. They don't want to wait for the question to be asked, they want to say before asking the question, they want to say everything that they feel.
Someone stole my wallet last week. The guy called me up and he was mad at me. He was like 'you gotta get your finances together. You got no cash, your credit cards are maxed out. You don't even have minutes on your calling card. I had to use my card to call you.'
If you pay your credit card off every month, get a rewards card. One that gives you airline miles or that will give you 1 percent cash back at least on every purchase.
There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.
Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.
We cannot put Connecticut's future on the credit card. The state has had a problem putting costs on Connecticut's credit card that it simply can't afford to pay.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.
There are a lot of examples where people aren't getting the right information. We could do a lot more with credit card bills so people properly understand that if you pay off the minimum it could take you 41 years to pay off is that right.
You stick a credit card in a machine, and you pay $3 or whatever it is to get cash - your own money.
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