Debt vs Savings

[Buster]

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I have and will continue to be invested in V and MC for for the long term

They might get arb'd at some point

[vengie]

Tli5?

[killramos]

There is always a cheaper fish

[Buster]

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Tli5?

Credit card companies charge enormous fees to facilitate transactions. But technology is probably capable of facilitating transactions for pennies on their dollar.

[Misterman]

Old news is old. No surprise that people who were already living paycheck to paycheck, started financing their life expenses on credit cards when groceries and gas went up 100%.

[zechs]

The majority of auto loans are at subprime rates. I think the average in Canada was something like 5.99 or 6.99.

This stat was from even when 0% financing was a thing.

[Disoblige]

Financial literacy is one of the first things my kid will be fully competent in as they grow up. There will no zero excuse.

God some people are stupid.

[Buster]

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Financial literacy is one of the first things my kid will be fully competent in as they grow up. There will no zero excuse.

what about english tho?

[Disoblige]

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what about english tho?

hahaha.

[max_boost]

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I blame all the Canadians who racked up $tensofthousands in student loans to graduate with a sociology or liberal arts degree only to find they aren't employable aside from being barista at Starbucks. Ironically these are the same people voting for Trudeau who is making their lives worse.

Make better choices Canada.

If they cute their sugar daddies will take care of them but the rest of them, good luck.

[Xtrema]

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Credit card companies charge enormous fees to facilitate transactions. But technology is probably capable of facilitating transactions for pennies on their dollar.

Or a government funded expansion

aka Union Pay/Alipay

That's why a lot of Chinese businesses and tourist focused business rather transact with these 2 for lower cost.

[SJW]

Does this mean there will be a lot of Can Am Commanders on the cheap in the spring? I think I need one.

[Xtrema]

Also they have been there before, this isn't something new.

And consider $1 in 2008 is worth $1.33 today, the graph should be 33% higher.

Bernanke just got a Noble prize for QE. Who's going to get one out of this recession?

[tonytiger55]

On a side note. If anyone has credit card debit and is worried. If the credit card is with a bank, go to the bank (this can be done at the teller) and ask to switch the card to a low interest credit card.
Most instiutions have one. Flipping it over is free and just requires a signature. The card will have a small annual fee like $30 or something. But when you factor in the interest rate and savings, its nothing.

[SJW]

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On a side note. If anyone has credit card debit and is worried. If the credit card is with a bank, go to the bank (this can be done at the teller) and ask to switch the card to a low interest credit card.
Most instiutions have one. Flipping it over is free and just requires a signature. The card will have a small annual fee like $30 or something. But when you factor in the interest rate and savings, its nothing.

As soon as they offer Halal mortgages im converting to Islam.

[tonytiger55]

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As soon as they offer Halal mortgages im converting to Islam.

https://eqraz.com/our-halal-mortgage/

They offer Halal mortgages in Canada.

[suntan]

I was thinking opening a halal mortgage business might be viable.

[taemo]

which has better rates, halal mortgage or kosher mortgage?

[JRSC00LUDE]

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which has better rates, halal mortgage or kosher mortgage?

I feel like there's a Kanye West joke in here.

Also WTF is a Halal mortgage?

[killramos]

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I feel like there's a Kanye West joke in here.

Also WTF is a Halal mortgage?

Sky daddy says interest is haram.

So some “sharia lawyers” found a workaround.