Zevists getting credit cards and mortgages…
I thought people here more than anyone would be more educated on the usury economy. Apparently not. Enjoy making banks profit I guess.
This is another program those who control the wealth have instilled in the minds of people. That interest is Usury. When you borrow money you shouldn't/couldn't have, then the creditor (he who takes the risk to give you the money to spend on bags or whatever - for impulses or for anything in real life) they want a certain % back on what they risked so the bimbo could get a Gucci Bag or a Helicopter she could not initially purchase.
Eventually as this is beyond their means and they cannot pay it, the interest rises and this interest forms a situation where if you manage it correctly, good, you got what you needed when you needed, or bad if you don't pay.
As the Eilotil ones constantly want things and they overload their cards, then they play the other card; "Blame the banking institution for it" to blame all their mistakes for "Usury". Usury it's when the % required is skyrocketed. However, none of this exists if one is financially intelligent.
Difference between USURY and actually getting Loans or Credit Cards, is the difference between the percent and it's viability to be paid back. Banks inform clearly on this. They say for example, 3% per month. Usury involves that you say 10 or 20% per month [typical in loan sharks]. People of course borrow from both carelessly and they don't manage these things [they knew the terms if they read] and "YOLO" themselves in financial disaster. The card to play after this is "Evil banks" and "Evil Usury".
As a Zevist one should not penaltize any of these things, they must read the terms and be pragmatic on what they are doing.
I am saving money. The credit card i use it only for online products that can only be buyed with credit cards or non-cash. I have an obsession to buy stufs, it's a weakness of mine...
If you have a credit card and a severe buying habit, ie, you buy and you don't keep track of nothing mindlessly, the Credit card can become a weapon that is against you. In controlled measurement and intelligent use, Credit cards can be used to help you in your financial evolution. But learn to manage it. If you use Credit cards and you just buy mindlessly and without regard of how you will pay, it can be highly detrimental. Be mindful.
Loans and credit cards can be amazing tools, PROVIDED they are used intelligently and you can manage the debts. You can get things that you would not be otherwise able to get, but the term is that you must gradually repay this. This is a financial tool that you can use, but if it USES YOU, then you are setting yourself for trouble.
All these things can be used and should be used *IF* one is financially literate and self constrained enough to manage it all. There are advanced techniques to use these and to manage these. Make your thorough research and don't hate on the aspect itself. Hate only if you cannot manage it and/or ignorance.
As for loan sharks and actual usury, avoid it at all costs, because many of these people are literally mafia that can take your house etc. These tools should only be used in absolute emergencies and when all other sources are exhausted; and even then they can be highly destructive and dangerous. The practice of being loan-sharks is common on the Yehuborim same as promoting financial illiteracy to the people in order to take all their wealth and pool it under their control. NEVER borrow massive amounts for frivolous or greed oriented needs. These can be destructive.
If you borrow for ASSETS that can PAY OF LOANS BY THEMSELVES, then this is debatably a good decision, but READ THE TERMS AND PLAN ACCORDINGLY. If you borrow for frivolous expenses that will generate nothing for you in the longterm [clothes, cars and things like this] you are stacking FINANCIAL LIABILITIES; ie, you get a loan for something that will NOT generate anything for you. This can be financially deadly and it's a recipe for finding yourself in a financial hole. Avoid.
Be mindful.
