/biz/ - Business & Finance

>>1005615

You can buy the most common things for $134 or have done:

1. Oil change
2. Dinner & a movie
3. Netflix & chill for a year ($8 * 12 = $96)

You can think of it in bills as well: $134 equals 2 months of cell phone bill, 2 months of gas, 1 month of electric, 1 1/2 month of car insurance, 1/2 month of food, or 2 months of other.

We can even dig deeper into a simple example with flipping/reselling between websites such as eBay, Amazon, and even craigslist as well using credit cards. What I mean by this is simply using a credit card to purchase items and flipping them on one of those three sites or similar.

> buy item from china for $1.87
> credit card gives 1% off purchase
> item is now $1.8326; saved $0.0374
> resell item on eBay for $6
> profit including fees is $3.01

In the above example, you would have gained $2.97 without using credit. By using credit, you've gained $0.04, for a total of $3.01, compared to an individual not using credit.

That is what makes 'merica.