#1 You are defined by your credit score not your ability to pay the debt back. As long as you can make the payment they will allow you to have credit.

# 2 Cash is used up once you spend it that’s all you have. Why credit you can have access to more as long as you are able to maintain a good credit report and consequently a good score.

#3 One million dollars put in a bank provides you with ten thousand a year based on the yield provided. For the first time ever you can’t live off the interest of a million dollars. In addition you will be taxed on the interest.

#4 You are punished to save money, where as you are rewarded to take on debt.

Credit makes the world go around.