Dear Reader, 

Buy Now, Pay Later is everywhere.  

Klarna. Affirm. Afterpay. They make buying big purchases easy. Pay in installments. Spread costs over time.

Sounds convenient. Actually, it's dangerous.

Now Americans are using BNPL for everyday items. Groceries. 

Takeout food. Klarna partnered with DoorDash so customers can eat now, pay later.

Read that again. People are financing their dinner.

This isn't innovation. This is desperation dressed up as convenience.

BNPL started for big purchases. TVs. Laptops. Furniture. Things you might reasonably need to spread out payments on.

Now? Groceries.

When people finance food, something is broken. Not just in their budget. In the entire system.

BNPL makes it easy to buy things you can't afford. That's the business model. Get you hooked on small payments. Make you think you're managing money well.

BNPL makes it easy to buy things you can't afford. That's the business model. Get you hooked on small payments. Make you think you're managing money well.

You're not. You're accumulating debt.

Four payments of $25 seems manageable. Until you have four different purchases. Then eight. Then twelve.

Suddenly you're juggling payment schedules. Missing deadlines. Paying late fees. Destroying your credit score.

That's the trap. Easy entry. Hard exit.

Christmas season is here. BNPL companies are salivating.

Buy gifts you can't afford. Four easy payments. Spread them into January, February, March.

Sounds perfect. Actually, it's financial suicide.

People will finance toys that break in February. Clothes that don't fit. Electronics that get upgraded next year.

The presents get thrown away. The debt remains.

Worse, people stack multiple BNPL purchases. Gifts for kids. Gifts for spouse. Gifts for parents. Holiday dinner. Decorations. Travel.

Each one seems small. Four payments of $50. Four payments of $75. Four payments of $100.

Add them up. You're paying $1,000 a month for things you already consumed. For memories that already faded.

January hits. Bills come due. Income didn't magically increase. Now you're broke and stressed.

That's when people start financing groceries.

BNPL exists because people can't afford their lifestyle.

Not because prices are too high. Because income is too low. Because financial education is nonexistent.

Schools don't teach money. Parents don't teach investing. Society teaches consumption.

Buy now, worry later. Finance everything. Keep up with neighbors. Show success through stuff.

BNPL is cheap credit for a new generation. Another lifestyle subsidy that hides the real problem.

People can't afford basics. So instead of fixing that, we make it easier to go into debt.

That's not compassion. That's exploitation.

Stop financing consumption. Start buying assets.

This Christmas, give differently. Give assets that produce income. Give financial education. Give opportunities.

Instead of toys that break, buy gold coins. Instead of clothes they'll outgrow, buy silver. Instead of electronics that depreciate, buy Bitcoin.

Give your kids assets. Teach them the difference between good debt and bad debt. Good debt buys assets that generate income. Bad debt finances consumption.

BNPL for groceries is bad debt. BNPL for DoorDash is insanity. BNPL for Christmas presents is financial suicide.

If you can't afford gifts, say so. Family will understand. If they don't, they're part of the problem.

Better to skip Christmas gifts than spend January through March paying them off.

Every dollar you send to Klarna is a dollar that doesn't build wealth.

Every payment to Affirm is a payment you could have invested. Every installment to Afterpay is an opportunity lost.

Rich people don't use BNPL. They buy assets. They invest in cash flow. They build wealth.

Poor people finance consumption. Middle class finances lifestyle. Wealthy people buy assets.

Choose which category you want to be in.

This Christmas, make different choices. Skip the gifts. Save the money. Buy gold. Buy silver. Buy Bitcoin. Buy stocks. Buy real estate.

This Christmas, make different choices. Skip the gifts. Save the money. Buy gold. Buy silver. Buy Bitcoin. Buy stocks. Buy real estate.

Buy anything that puts money in your pocket instead of taking it out.

Your January self will thank you.

Buy Now, Pay Later should be called Buy Now, Regret Later.

It's a debt trap. Especially during Christmas. Especially when people are financing groceries and takeout.

The solution isn't better payment plans. It's financial education. Asset building. Wealth creation.

Stop financing consumption. Start buying assets.

That's how you build wealth. That's how you escape the trap.

That's how you win.

Robert Kiyosaki
Editor, Money Power and Profit

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