Growing up in a developing nation gave me the discipline on using credit cards. People in poor countries don’t trust credit cards. I remember getting my first credit card only after I had a good job. But since my parents brought me up with a mindset of living a “debtless” life, up to this day I’m very uncomfortable leaving balances on my credit card. And that’s how I’ve always lived my life here in the U.S. I always pay my credit card balance in full. I don’t charge anything I can’t afford. My only debt is my mortgage since I paid off my car way back.
Unfortunately, most Americans have a different mindset. Most young people are conditioned to use credit cards even before they have jobs. Even children are trained at an early age to buy stuff and accumulate toys, while most adults are trapped in the debt rabbit hole. Combine the hysterical mass credit conditioning, greedy lenders, less government oversight and regulation, the housing bubble and we’ve got ourselves a subprime mortgage crisis which is now pulling everyone of us into a black hole of economic uncertainty.












