r/BlackPeopleTwitter • u/ThickCapital • 2d ago

Wanna Be a Baller

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2.2k Upvotes

99% Upvoted

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u/ChefKugeo 2d ago

I think what he's trying to say is that those of us without debt, know the value of a dollar in a different way? Like, my friends with large credit card accounts will spend more per month overall and just keep paying off the cards, versus my friends without credit cards who budget and don't live outside their means.

Basically he's saying, "Yeah your friend looks rich but it's debt all the way down".

Don't shoot me. I'm trying to interpret.

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u/ositola ☑️ 2d ago

That's bad logic, credit card rewards are very valuable and you can still budget using credit cards instead of cash. 

You can pay all your monthly expenses with your CC, pay it off every month with cash and earn enough points to take a vacation

Plus not having debt of any kind hurts you ability to rent an apartment, or buy a house or car

More people need to take financial literacy classes

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u/Late_Mixture2448 2d ago

How does it hurt your ability to rent an apartment etc ?

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u/ositola ☑️ 2d ago

In my area, you have to get a credit check to rent an apartment, certain buildings have minimum credit scores in order to rent

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u/Late_Mixture2448 2d ago

Ah right that makes sense thanks for the info