Yielding Wealth: Only Buy Things You Can Afford

This whole subprime lending mess has brought to light some very real problems with our society. This whole idea of “buy now, pay later” has really caught up to us. So, even though it is possible to use credit cards to your good, it is important ONLY to buy what you already have money for. Too often we see credit cards as “extra” or “free” money. It is important to remember that yielding wealth is about getting more money–not throwing it away on interest payments to credit card companies.

This YouTube video of an SNL skit totally killed me. And it makes the point.