People don’t realize that If you carry a balance on a credit card the interest you pay obviously is for the entire purchase but it also includes the sales tax. So essentially you are paying interest on a tax !!! That’s insane.
Yeah, that's why having credit card debt is so dumb. You're paying interest on the purchase, and tax, and on the interest from the past months. It's never ending. Those balances go up very quickly when you don't pay those cards down.
I am so grateful that I had my credits cards because I had almost $1,000 light bill that cover that amount. Got one paid off and working the one. but now my hot water heater is broken. I am on SS I never got any free money from the gov. during the past 3 years. I thank GOD I have stayed with my head above water. When you have a limit income you have to pay your bills first and what is left, I get grocery's and my meds. I always get by and do without things that are not important. Thank you for reading this and GOD bless you and your family.
Remember the days before credit cards took over. If you didn't have the cash to buy a big ticket item like home appliances or furniture then you setup a "installment payment" plan directly with the store. You bypassed putting things on a credit card or getting a loan from a bank. Also department stores back then had layaway plans. I remember my parents buying things this way back in the late 50's and through out the 60's. Consumer credit cards started taking over in the 70's and that's when things started going to hell with the economy.
Got a job, got a credit card, lost my job, debt collectors calling all day and night for their little 700 dollars 😂. It’s actually funny now but it was not back then
@@StonerMan-z5k Explain how they will get in trouble for not paying their credit cards? Educate all of us since you seem to be the authority on credit card debt.
1:54 I'm below average. I stay home as much as I can. It cost $ risk your safety and health getting hit by cars germed by world travelers. When it cools down I'll move around but I'll plan my moves long in advance.
I sorely abused credit cards in my lat teens and early 20s. For the past decade, as a 50-year-old man now, I can confidently say that credit cards are good only if you have some money to begin with. Now I make money off my credit cards, and carry nine of them to max out returns from various expenses. I just started really getting into tracking things this year, but up until now it's just been great to pay a portion of our cards back with cash back. Unless it's life or death, I will never carry a balance on a credit card!
I remember back when I was a kid my mom was just responsible for me. My clothes, shoes, and school supplies. Nowadays, the schools are expecting the parents to pay everything that they should be taking care of. It's ridiculous.
Well shoot I better start using more cc’s then I will just join the club then I’m hoping the same I’ll call Joe every month when I cc is due since he likes to hand out money
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich😊
Where do you see news about schools closing down because of funding or lack of teachers? I haven’t heard of that. I’m a teacher in California and we’re doing fine in terms of funding. Demand for teachers in my city is high but no school closures. I know of one school closure in my hometown but it’s due to decreasing student enrollment
Bankruptcy is there for a reason, when the rich do it it’s cool, but when the middle class or poor do it it’s not upholding your agreement. It should be the last resort yes, but if you literally are paying for credit cards before essential bills, and with no savings it’s time to file.
Well, if the government (tax payers) have to pay off student loans for people that got useless degrees and can't pay those loans back, then why not pay off the credit cards for people that didn’t go to college? At least if the government is going to waste money, at least make it somewhat even.......
It’s the fault of the deadbeats who just use credit cards to buy things they don’t need. Credit card companies should just cut off the credit for anyone who misses payments on their accounts. Having a credit card is a privilege, not a right.
Im literally was on my last credit card. February, I was $10,000 in the hole all 5 cards maxed out. I realized i .make way too much money to be living like this. Im so happy, I pulled my head out of my ass.
Let’s just step out of the debt world and enter a free world. Leave that old heavy world for the “They’s” to figure out. They made it and they can have it.
The credit card companies need to learn how to work with people so they can pay What they owe only if it’s 50.00 a month. Instead they are just tacking on extra fees
That is the whole point. These banks don't want you to pay off the credit cards. Interest and fees are what makes the banks stay in business. They don't care about working with you. They want you to stay in debt. That's why it's your job to get out of it so that you can free up some money every month.
people use credicards to maintain the living standards they got used to , but are in the current situation unrealistic...so the backclash will come..the new homeless in the make....
The only way credit card debt will be forgiven is when the world comes to an end Or the economy collapses Credit cards are NOT free money Period! I have a 10K credit limit but I only use 3% I spend on essentials with intentions to payback It takes discipline We live in a world spend now Worry later I dont respect people that feel entitled to a bailout but do nothing to change their situation I was raised You borrow payback Thank you for keeping us informed to these important topics
If they would passed the ctc I would be debt free and have plenty to buy food and clothed for my 5 kids 3 have non verbal autisim and draw ssi we are poor and the food priced insane is bad really bad😢
If you carry a balance on your credit card you are a financial idiot, the public school system has failed you. Me? I buy clean low-mileage cars in cash, carry no balance on credit cards, and use other people's money (mortgage) for profit. I am a "retired" millionaire who lives below my means out of habit and understands inflation.
He's definitely a Republican a puppet you won't see nothing on abortion gun laws mass shootings poll numbers right now cuz Harris is winning all his sources he reported on is based on Republicans views are you going to get out of this guy is conspiracy theory bad news Banks store that sell food cuz he got to eat
Like your channel but it baffles me that the stock market doesn’t care about what’s really going on in this country. I understand it to a degree but it makes trading/investing more difficult. The best traders I know don’t allow themselves to watch the news or channels like this because it creates a bias and emotion in their decisions. We are being lied to everyday on the largest financial news channels everyday.
Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣
The government has shown the people that credit is life and now credit and debit is destroyed our way of life
this is why i stay away from credit cards
even if we wanted to pay it back we cant inflation has killed our wallets .were broke and that was the goal of the central banks want it
People don’t realize that If you carry a balance on a credit card the interest you pay obviously is for the entire purchase but it also includes the sales tax. So essentially you are paying interest on a tax !!! That’s insane.
Yeah, that's why having credit card debt is so dumb. You're paying interest on the purchase, and tax, and on the interest from the past months. It's never ending. Those balances go up very quickly when you don't pay those cards down.
I can't pay my debts back because I lost my job. Now I'm struggling to find another good paying job.
I couldn't find a job for 7 months, I had to go live in Mexico for 4 months. Thankfully my mom still has her childhood home but that was rough times.
@@overk1llz then don't come back
I am so grateful that I had my credits cards because I had almost $1,000 light bill that cover that amount. Got one paid off and working the one. but now my hot water heater is broken. I am on SS I never got any free money from the gov. during the past 3 years. I thank GOD I have stayed with my head above water. When you have a limit income you have to pay your bills first and what is left, I get grocery's and my meds. I always get by and do without things that are not important. Thank you for reading this and GOD bless you and your family.
God bless you
1000 dollar electric bill !!! What ?? I would be watching my power usage and more closely ! I couldn't imagine that high of a bill .
@@user-de2cs5px1b my power bill is $92:per month
@@sherrylepinski6176my house electric bill is 1300 every month. Because weather is too hot.
Remember the days before credit cards took over. If you didn't have the cash to buy a big ticket item like home appliances or furniture then you setup a "installment payment" plan directly with the store. You bypassed putting things on a credit card or getting a loan from a bank. Also department stores back then had layaway plans. I remember my parents buying things this way back in the late 50's and through out the 60's. Consumer credit cards started taking over in the 70's and that's when things started going to hell with the economy.
That's how my husband and I bought our bed. We made monthly payments for 8 months. :)
I have not had a credit card in over 15 years. Everything is cash or debit.
Got a Best Buy card. Maxed it out. Paid dearly in interest. Got mad. Paid it off and cancelled it. Never again.
Got a job, got a credit card, lost my job, debt collectors calling all day and night for their little 700 dollars 😂. It’s actually funny now but it was not back then
@@Aaron2372 it's no one's fault but your own
@@UA-camcensoredmyusername you sure wanted that little $700
@@StonerMan-z5k I had my parents pay it off no big deal 😆. They kicked me when I was down and I learned from it
@@UA-camcensoredmyusername Grow up
I am happy I never had a credit card in my life and I am 63
People can't buy food ✔️are they going to pay the credit cards ❓😮
Nope they will not pay and get in trouble
Those people will have to learn how to grow,fish or hunt for food
@@m9078jk3 and you can teach them how to lie and cheat to get everything free
@@StonerMan-z5k No they won't. Your information is misinformation.
@@StonerMan-z5k Explain how they will get in trouble for not paying their credit cards? Educate all of us since you seem to be the authority on credit card debt.
If my kids were still in school, I'd walk the supplies in, and if I saw anything related to social movements, I would return the supplies for refund.
Why should we pay our debt when the government can't pay theirs
@@AmericanGlassInc because you will go to jail and they won't
@@StonerMan-z5k
Yup 😂😂
@@StonerMan-z5k There's no debtor's prison any longer.
@@StonerMan-z5k Not true man. Not true at all.
@@jurassicporkchop4162 When I want your stupid opinion I'll rattle your chain
Two of my cards just got raised to 34.7 and I pay every month on time . Total crime syndicate
Pay a bit more if you can afford it & use .
Oh I do but it's just so comical how these banks are just pillaging so many as they continue to get bailed out
If the interest rates were reasonable, the customers and the Credit Card Companies would benefit. Interest rates are way too high. Ridiculous greed.
1:54 I'm below average. I stay home as much as I can. It cost $ risk your safety and health getting hit by cars germed by world travelers. When it cools down I'll move around but I'll plan my moves long in advance.
I sorely abused credit cards in my lat teens and early 20s. For the past decade, as a 50-year-old man now, I can confidently say that credit cards are good only if you have some money to begin with. Now I make money off my credit cards, and carry nine of them to max out returns from various expenses. I just started really getting into tracking things this year, but up until now it's just been great to pay a portion of our cards back with cash back. Unless it's life or death, I will never carry a balance on a credit card!
I sent a credit card into battle.
It kept yelling... charge.!
I personally never owned or used one.
Age.67 veteran 1Cav.
I remember back when I was a kid my mom was just responsible for me. My clothes, shoes, and school supplies. Nowadays, the schools are expecting the parents to pay everything that they should be taking care of. It's ridiculous.
Bankers are historically known for forgiving debt from borrowers who are struggling. This will end badly and not for the big bankers...
In the consumer banking sector the profit banks makes comes mainly from credit card interest. It’s a lucrative business
5:24 APR I've no clue because I pay it off every month no matter what.
Well shoot I better start using more cc’s then I will just join the club then I’m hoping the same I’ll call Joe every month when I cc is due since he likes to hand out money
So true. These dems are dumb enough to think that Joe will bail them out. LOL
🗣️📣 FOLKS!! It doesn't matter if you're a Republican or a Democrat. What matters, is if you're an American, you'd vote for Trump...🎉
PREACH
@@winniethepoohandeeyore2I'm just keepin' it real...
@@Ruggins62 Yep, this election is soooooo very important
You two make a cute couple
@@StonerMan-z5k So do you and a wolverine
Bring your own toilet paper lol.
The government has a credit card with no credit limit
Credit card companies are predatory, so im cool with a predatory borrower.
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich😊
Sound good, How do you do that?I'm interested, how do I go about getting started?
Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.
It's Andrea Megan doing she's changed my life. A BROKER- like her is what you need
Her top notch guidance and expertise on digital market changed the game for me.
She's a licensed broker here in the state 🇺🇲 and finance advisor
It's free money if u don't need a house or car due to owing it then get a card rack it wait seven yrs and do it again so it's a win win for some
Credit is like Insurance scam middle man wat do u need credit for Adam if u own ur car and house credit score means nothing
Borrowing in any way can lead to more money being owed.
I just pay off My last CC off thanks for your video
So is not the inflation??
👺 The moral of the video is StonerMan won't pay for his shit 😡
Your jealous lies about me Free Entertainment
Anybody know where I can get a credit card with a Trillion dollar limit - asking for a friend.
It couldnt be gov spending no,its us ppl...AGAIN
What happens when war breaks out with the credit card debt?
Statute of limitations?
Where do you see news about schools closing down because of funding or lack of teachers? I haven’t heard of that. I’m a teacher in California and we’re doing fine in terms of funding. Demand for teachers in my city is high but no school closures. I know of one school closure in my hometown but it’s due to decreasing student enrollment
"The greatest wealth is to live CONTENT with little" - Plato -
I honesty laugh when the MSM tells us the economy is doing great when CC balances and unemployment keep rising.
First stock market,then real estate,then credit markets, then food will go...in that order....
Bankruptcy is there for a reason, when the rich do it it’s cool, but when the middle class or poor do it it’s not upholding your agreement. It should be the last resort yes, but if you literally are paying for credit cards before essential bills, and with no savings it’s time to file.
Thanks for sharing 😊
Commercial real estate defaults will be worse
i do not have no credit card
I only have one Credit Card balance is under $700:00 always pay more than minimum due every month. Will be debt Free in A few months 🎉🎉🎉😂😂😂
Well, if the government (tax payers) have to pay off student loans for people that got useless degrees and can't pay those loans back, then why not pay off the credit cards for people that didn’t go to college? At least if the government is going to waste money, at least make it somewhat even.......
Paid mine off I’m not living like our government
I'm 71 on ss and still have to work to pay my way .. but no credit cards . If I can't pay for it now . I won't be able to pay for it later
It’s the fault of the deadbeats who just use credit cards to buy things they don’t need. Credit card companies should just cut off the credit for anyone who misses payments on their accounts. Having a credit card is a privilege, not a right.
Im literally was on my last credit card. February, I was $10,000 in the hole all 5 cards maxed out. I realized i .make way too much money to be living like this. Im so happy, I pulled my head out of my ass.
Duh
the government will bail them out
Let’s just step out of the debt world and enter a free world. Leave that old heavy world for the “They’s” to figure out. They made it and they can have it.
The credit card companies need to learn how to work with people so they can pay What they owe only if it’s 50.00 a month. Instead they are just tacking on extra fees
That is the whole point. These banks don't want you to pay off the credit cards. Interest and fees are what makes the banks stay in business. They don't care about working with you. They want you to stay in debt. That's why it's your job to get out of it so that you can free up some money every month.
you keep saying stuff that never happens
Are you living rent and grocery free or do you live under a rock ?
It is happening. People are literally up to their eyeballs in debt, and they have stopped paying their bills.
Ive been to that outletmal in Marysville
people use credicards to maintain the living standards they got used to , but are in the current situation unrealistic...so
the backclash will come..the new homeless in the make....
Change “The American People” with “US Government” then rewatch
The only way credit card debt will be forgiven is when the world comes to an end Or the economy collapses Credit cards are NOT free money Period! I have a 10K credit limit but I only use 3% I spend on essentials with intentions to payback It takes discipline
We live in a world spend now Worry later I dont respect people that feel entitled to a bailout but do nothing to change their situation I was raised You borrow payback Thank you for keeping us informed to these important topics
I don't use credit cards. I never did and never will use credit cards. 😮
5 cards here 1k debt per card I'm only behind on one
If they would passed the ctc I would be debt free and have plenty to buy food and clothed for my 5 kids 3 have non verbal autisim and draw ssi we are poor and the food priced insane is bad really bad😢
If you carry a balance on your credit card you are a financial idiot, the public school system has failed you. Me? I buy clean low-mileage cars in cash, carry no balance on credit cards, and use other people's money (mortgage) for profit. I am a "retired" millionaire who lives below my means out of habit and understands inflation.
I'm so glad I don't have any credit cards ............
doom and gloom, yeah yeah yeah we know
When you are reporting is what is important to you. Who are you, a Republicans or a Democrats
Everyone silly ass
He's definitely a Republican a puppet you won't see nothing on abortion gun laws mass shootings poll numbers right now cuz Harris is winning all his sources he reported on is based on Republicans views are you going to get out of this guy is conspiracy theory bad news Banks store that sell food cuz he got to eat
@@curtisteague3521Keep it in your pants and you don't worry about abortion
Sign up for the credit card as soon as you get the credit card cut it up and get the discount!!
You mabye. Weren't you shopping there.
im sure this r gen z x mill rich parents
Like your channel but it baffles me that the stock market doesn’t care about what’s really going on in this country. I understand it to a degree but it makes trading/investing more difficult. The best traders I know don’t allow themselves to watch the news or channels like this because it creates a bias and emotion in their decisions. We are being lied to everyday on the largest financial news channels everyday.
Im from iowa and nobody agrees with your videos...what state are you reporting from? Everyone seems alright here in midwest...
No worries. The government will forgive the debt 😂
Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
Bring it lol 🎉😂❤
Take your hands away from your face. I unsubscribed. Too much drama. Everyday!!
Dunkin Dollars will replace all cash, globally
Thanks for the continuous update! I am super excited about how my stock investment is going so far, making over $32k weekly is an amazing gain.
Sound good, How do you do that?I'm interested, how do I go about getting started?
Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣
I LEAVE WIN THE BILLS COME //I NEVER PAY CREDIT CARDS AS A DEMORAT WHAT DO I CARE??? I'M SCUMB FOR A REASON
TRUE