Best credit cards for large purchases in Singapore.

How to be ahead of the game?

Please don't believe everything bloggers tell you. Sometimes, bloggers can also be minions of wealth destruction.

A personal finance blog says if a designer bag you want arrived earlier than expected and you haven't saved enough for it, there are some credit cards with benefits which you can consider using. OMG!

It doesn't matter what they say after that because that is just so wrong in more ways than one. 

Ask why the blogger said something like that? What was that blog trying to do? The blog says "We compare, you save." I find that ironic.

I think they are comparing the wrong things lah.

I compare for you and you save some money. Why this bag cannot use? This bag $50 only. Why must get a $500 bag? What? $500 is not designer? $500 is mass market? $10,000 then designer? OMG!

OK, you might not like this but if you must save money to buy a designer bag, obviously, that bag is not for you. 

Sorry if it hurts. 

Often, the truth does.

Remember, to someone with $1,000,000 in savings, $10,000 is like $100 to someone with $10,000 in savings. 

If you only have $10,000 in savings and you spend it on a $10,000 designer bag, you have nothing left. Zilch! 

That millionaire might no longer be a millionaire after buying the same designer bag but $990,000 is still a lot more money than zero.

What? Not enough money, use credit card? Who say one? Oh, that blogger say one.

Saw the video? AK even has the weight of the MAS behind him hor. Which MAS? You say leh?

AK got slogan or not?

"AK nags, you save." 

Alamak! Who threw a shoe at me?
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Related post:
Wealth and habits.

Minions of wealth destruction.

I have warned against the evil installment plans and their minions. Don't remember? See related post at the end of this blog post.

Minions can be in your face or minions can be in disguise. One way or another, they will lead to wealth destruction.

What? Pay for a purchase using interest free installment plan offered by your credit card is not wealth destructive? Aiyoh, they will take money from you in another way lor. Don't believe me?

Reader:
AK, did you blog about how having a lot of credit cards and debit cards will insidiously suck annual fees out from you when you least expect it? Recently i have been hit with quite a number of those and some banks refused to waive the fees. And i couldn't cancel the card as i have a on-going installment payment. Hopefully can warn others reading your blog not to charge those 12 or 36 months payments anyhow to your credit cards, later you kena those banks don't want to waive your annual fees and you can't do anything about it. I'm cancelling all my credit and debit cards save the 365 credit card and two ATM cards. Thoroughly disgusted :( $192 down the drain.

AK
Oh, I never use installment plans de. That is consumption debt. I dun like. I buy, I pay one time and that's it.
I can cut and paste your experience in my blog. Can?

Reader:
sure, just hope others will learn from my mistake

See? I never bluff you.

Related post:
Evil installment schemes and minions.