Comments by "Babu" (@Babu-kr3cr) on "FURTHER PROOF! EVERYONE IS GOING BROKE!" video.

  1. Sometimes it is better to lose it and start over than waste money on junk you can probably get again at yard sales and thrift stores. People cling to possessions like it is a part of their identity. Surviving has to come first.
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  2. One scary thing is banks that normally have good balance transfer offers like Bank of America or Discover aren't offering them now. If you have a lot of money at 0% for a promotional period, when that period runs out, you have few options where to put it. If you open a new 0% interest card, chances are the opening balance is going to be very low. If you get stuck at one of these high interest rates like 35% which is loan sharking, then you are going to be losing money hand over fist. It is like treading water in the middle of the sea. You have to be a penny saved is a penny earned type person and really pay attention to how you are spending. I think people still go out and spend when there is nothing to save for that they can ever afford, or they are retired and have money to burn. You can't really judge by other people because maybe they saved up all month for that special occasion to go out for an ice cream or a burger. There are ways to shop smart and still get a lot of the things you want.
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