Thank you! I should have paid cash for my (used car ) but took my parents advice and financed it to build credit. Now I'm confused and trying to avoid as much interest as possible. This was helpful but I still have questions. I subscribed
Ur parents were right if u didnt have any credit or shitty credit but if u Pay that car off in full hella fast that will bump ur score hella !! Good luck !! :)
I'm in grad school now and I feel like this should be part of our required high school education, or if it already was, that it should have been taught more effectively.
Talk about the banks and how fractural reserves work.meaning the banks lend money they dont have .they obligate the borrower to pay back a loan that the banks never had the money for in the frist place.that's fraud..
It's very challenging to save money and use what you have saved.. But it works best. Never take loans they make your financial situations double trouble 😱😏 they take from you all you've got in the end.
APR includes the interest AND any fees. I never knew this. Thank you for making this video!
whats the meaning of APR?
@@earlibee annual percentage rate
Thank you!
I should have paid cash for my (used car ) but took my parents advice and financed it to build credit. Now I'm confused and trying to avoid as much interest as possible. This was helpful but I still have questions. I subscribed
Ur parents were right if u didnt have any credit or shitty credit but if u Pay that car off in full hella fast that will bump ur score hella !! Good luck !! :)
Dang bruh good thing I saw this video before getting a $15,000 loan for a car lol .this got confusing really fast.
Loans always takes more money from you in the end.. Loans are beneficial only to the one who gives only to haunt your finances.. Double Trouble!!
Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.
16 and this video helps a ton
peter ur a grown man
I'm in grad school now and I feel like this should be part of our required high school education, or if it already was, that it should have been taught more effectively.
So for a person trying to build some credit how would I go about this? Do shorter term loans come with less interest?
Less interest in a sense that you’re paying for a shorter amount of time.
That's clever yo, APRs can screw people big time if we just looked at interest rates alone
Thank you for this information it helps me a lot
My Friend keeps telling me to pay a loan with a loan, I'm pretty sure it's impossible but I don't know if it is
Consolidating. You can probably get a lower interest rate on the second loan.
Amazing
Thankyou for giving that question about loan
Please give more questions about loan
Thank you a lot for this video.
What editing software do UA-camrs use to do this drawing thing? I feel like I’ve seen this same format on many UA-cam channels
We use VideoScribe! www.videoscribe.co/en/
Can you please do one on retirement
We did! Retirement 101: ua-cam.com/video/wrYrL6kL8SM/v-deo.html
Interesting video 😄
Talk about the banks and how fractural reserves work.meaning the banks lend money they dont have .they obligate the borrower to pay back a loan that the banks never had the money for in the frist place.that's fraud..
Why did you stop uploading videoes?
Really helped👏
Hello how do I find a real trader , I have been scammed so many times
This shit ain’t taught in school
Subtitles covers the video ☹️
A car is not an asset!!
anything can be an asset
@@wuttiffleaf7651 a car can be if someone rents it out
It's very challenging to save money and use what you have saved..
But it works best.
Never take loans they make your financial situations double trouble 😱😏 they take from you all you've got in the end.
sauce me some answers class
Hi sir
Anees Pakistan
Yo
Hahahaga 0.4%? $10k car? -2024
i'm 13 and i'm scared 😃
U need to be 18 anyway
Why? You're not gonna be using loans in at least 4 years? So...
Dang bruh good thing I saw this video before getting a $15,000 loan for a car lol .this got confusing really fast.