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Increasingly, editing means going to lunch. It means editing with a credit card, not with a pencil.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.
We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.
When you're 23, 24 years old and somebody's given you a credit card and jets and limos and you don't have to pay the bill when it comes in - that's a pretty nice deal.
The credit card business is a success story and that's where Citigroup has put most of its efforts so far. Now Citigroup wants to extend the cooperation and success to more areas.
I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance.
I have actually been very fortunate to be able to make films on my own credit card without having huge funders behind me dictating how the story should be told.
I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score.
Good for Warren Buffett that he can afford to do that! Some people, sometimes, need to finance a purchase or rent a car, and a credit card becomes a necessity.