Search Results: overdraft

Poor is eternal, and broke is temporary. I’ve been absolutely broke plenty of times in my life. I’m the last to judge someone down on their luck. However, I don’t understand how people are poor throughout their entirety of their lives.

You can setup your bills to completely pay for themselves out of your checking when your paycheck is directly deposited in your checking account. Investing has never been easier to get into. Collect 8% from the market every year, and put in a monthly contribution towards that every month. Compound the interest and watch it grow. Avoid overdraft fees and utilize credit cards towards your benefit and collect cash back rewards. Could list off a number of other really simple things.

I literally check my bank statements and bills about once every six months. My money coming in is automatically setup to go into different buckets that benefit me, and I don’t do any work at all. No phone calls. No stress about making payments. No forgetting. It’s easy. Living in 2020 is great.

I don’t understand how the poor stay poor for their entire lives with all of the options we have. It has to be a choice to stay ignorant after a certain point. Agree or disagree?