I don’t care what the Lama says

21 May 2024 · 1 min

Watch on YouTube

1:01

In this brief YouTube monologue, personal‑finance creator Jerry Taylor urges young adults to obtain and use a credit card for virtually all purchases, arguing that cash is no longer the optimal payment method. He dismisses criticism from well‑known financial advisors (Dave Ramsey, Suze Orman), religious figures, teachers, and even the Dalai Lama, emphasizing that responsible use—paying the balance in full each month—avoids debt while providing fraud protection, rewards, spending tracking, and rapid credit‑building. He explains how good credit can unlock housing, mortgage, cell‑phone, and employment opportunities. Taylor concludes with a practical recommendation to research the best card, use it wisely, and follow his link to subscribe to his newsletter.

Chapters

All you young adults out there, I don't care what Dave Ramsey says. I don't care what Suze says. I don't care what your teacher, your preacher, your mama, or the Dalai Lama says. You need to get a credit card. And just about everything you buy should be on your credit card. Cash is no longer king. Now I can hear all the naysayers out there now. Are you telling us to go into debt? No, this is not about debt. You pay that thing off every month. Bottom line is they're safer than carrying cash around. They've got all kinds of fraud protection. You spend money the way you normally do and you get rewarded for it. They help you track your spending. And if you use them responsibly, it's the easiest and fastest way to build credit. And good credit opens a lot of doors, helps you find an apartment, helps you get a mortgage, a cell phone, and maybe even a job. Take some time and research which would be the best credit card for you. And then use it wisely. Click on my picture, go to my link, and sign up for my newsletter.