VS. DON’T GET A CREDIT CARD, IT’LL RUIN YOUR FINANCIAL LIFE
The economy is not about the past, or even the present, but exploiting something that does not exist: the future. The stock market exists to exploit the future. Some will say the stock exchange is about the allocation of money; it moves funds from here (a place where they are doing nothing) to there (a place that can make good use of them). If you believe this, then you may as well believe in Santa Claus. Stock markets keep track of the profits of today for the purpose of convincing people (usually, rich people) there will be bigger profits tomorrow.
