What exactly are you buying with the interest you pay?

Lesson 7
Critical thinking is authentic.
Everyone thinks; it is our nature to do so. But much of our thinking, left to itself, is biased, distorted, partial, uninformed, or downright prejudiced. If we want to think well, we must understand at least the rudiments of thought, the most basic structures out of which all thinking is made. We must learn how to take thinking apart.
All Thinking Is Defined by the Eight Elements That Make It Up. Eight basic structures are present in all thinking: Whenever we think, we think for a purpose within a point of view based on assumptions leading to implications and consequences. We use concepts, ideas and theories to interpret data, facts, and experiences in order to answer questions, solve problems, and resolve issues.
Thinking, then:
generates purposes
raises questions
uses information
utilizes concepts
makes inferences
makes assumptions
generates implications
embodies a point of view
Dive further into the Elements of Critical thinking via this video:
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Together with your critical thinking skills, use each of the elements of critical thinking to apply to the thought of credit card debt. Using the elements, answer this: What exactly are you buying with the interest you pay?
Present your answers in a one to two page paper. Paper must be in APA format, double spaced, 12 point, Times New Roman; and cite and reference all source

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