Loans 101 (Loan Basics 1/3)

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  • Опубліковано 14 жов 2024

КОМЕНТАРІ • 46

  • @zzzanon
    @zzzanon 5 років тому +36

    APR includes the interest AND any fees. I never knew this. Thank you for making this video!

    • @earlibee
      @earlibee Рік тому +2

      whats the meaning of APR?

    • @alanburt3675
      @alanburt3675 Рік тому

      @@earlibee annual percentage rate

  • @07ikkin
    @07ikkin 4 роки тому +21

    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

    • @godessofyouguess
      @godessofyouguess 2 роки тому +3

      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 !! :)

  • @incognito5109
    @incognito5109 6 років тому +64

    Dang bruh good thing I saw this video before getting a $15,000 loan for a car lol .this got confusing really fast.

    • @danieljackson4171
      @danieljackson4171 2 роки тому +4

      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!!

  • @dianawatson188
    @dianawatson188 3 роки тому +10

    Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.

  • @grigoriyefimovichrasputin7897
    @grigoriyefimovichrasputin7897 4 роки тому +22

    16 and this video helps a ton

    • @kenm2595
      @kenm2595 4 роки тому

      peter ur a grown man

    • @dejesusrussell
      @dejesusrussell 4 роки тому +3

      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.

  • @notgabriel8624
    @notgabriel8624 2 роки тому +3

    So for a person trying to build some credit how would I go about this? Do shorter term loans come with less interest?

    • @ObviouslyDan
      @ObviouslyDan 2 роки тому +1

      Less interest in a sense that you’re paying for a shorter amount of time.

  • @Iucebowel
    @Iucebowel 2 роки тому +3

    That's clever yo, APRs can screw people big time if we just looked at interest rates alone

  • @ANDREW.24
    @ANDREW.24 Рік тому

    Thank you for this information it helps me a lot

  • @marcaldovino264
    @marcaldovino264 3 роки тому +13

    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

    • @deebestest100
      @deebestest100 3 роки тому +2

      Consolidating. You can probably get a lower interest rate on the second loan.

  • @mackendietoussaint5135
    @mackendietoussaint5135 11 місяців тому +1

    Amazing

  • @samimahmed8457
    @samimahmed8457 4 роки тому +1

    Thankyou for giving that question about loan

    • @samimahmed8457
      @samimahmed8457 4 роки тому +1

      Please give more questions about loan

  • @declanwaylon6263
    @declanwaylon6263 2 роки тому

    Thank you a lot for this video.

  • @richardtorres312
    @richardtorres312 Рік тому

    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

    • @moneycoachio
      @moneycoachio  Рік тому +2

      We use VideoScribe! www.videoscribe.co/en/

  • @hoodguie1221
    @hoodguie1221 Рік тому

    Can you please do one on retirement

    • @moneycoachio
      @moneycoachio  Рік тому

      We did! Retirement 101: ua-cam.com/video/wrYrL6kL8SM/v-deo.html

  • @fredherring876
    @fredherring876 2 роки тому

    Interesting video 😄

  • @dannyt2892
    @dannyt2892 Рік тому +2

    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..

  • @SakibAli-yr7kw
    @SakibAli-yr7kw 3 місяці тому

    Why did you stop uploading videoes?

  • @jeffreysegarra9304
    @jeffreysegarra9304 4 роки тому

    Really helped👏

  • @suefletcher2637
    @suefletcher2637 3 роки тому +1

    Hello how do I find a real trader , I have been scammed so many times

  • @perseveranceoverpower
    @perseveranceoverpower 3 роки тому +16

    This shit ain’t taught in school

  • @mr.kimchoi
    @mr.kimchoi 3 роки тому

    Subtitles covers the video ☹️

  • @nauticalnovice9244
    @nauticalnovice9244 2 роки тому +2

    A car is not an asset!!

  • @danieljackson4171
    @danieljackson4171 2 роки тому +1

    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.

  • @reforming9395
    @reforming9395 4 роки тому +1

    sauce me some answers class

  • @aneesulhanif4275
    @aneesulhanif4275 2 роки тому

    Hi sir
    Anees Pakistan

  • @toryloans5075
    @toryloans5075 4 роки тому

    Yo

  • @ToyLand-h5p
    @ToyLand-h5p 5 місяців тому

    Hahahaga 0.4%? $10k car? -2024

  • @pooooopppyyyyfarttt
    @pooooopppyyyyfarttt 4 роки тому +2

    i'm 13 and i'm scared 😃

  • @andrewrussell4481
    @andrewrussell4481 2 роки тому +1

    Dang bruh good thing I saw this video before getting a $15,000 loan for a car lol .this got confusing really fast.