this will soon be the story of all humans, lol. It's nice for us debt free people to glee over our superiority now, but we have done this collectively for some centuries and accumulated catastrophic amounts of overshoot of natural resources that stabilize all our soceital, organizational (most importatly economy), and political systems. This bill will fuck all humans in the coming decades. Whatever you made in reutns on investment is a debt to natural resources, if you are an american you're one of the WORST DEBTORS that will never pay back. (Slightly less bad hi from over here)
At least she admitted she did have gambling addiction, probably related to the depression she also mentions. She probably explains the "life happens" with the excuse of never taking a loan to gamble, just for the bills she should have been using the gambling money for.
and after life happened there was some more gambling, followed up with even more gambling and even more gambling. Interspersed with some trips to credit card company's office and then more gambling.
She used gambling as a coping mechanism. Depression can lead to bad habits (like gambling, shopping, etc) because it fills that void you're feeling. I get it.
4 years ago I was dealing with substance abuse and racked up $25k in debt from credit cards, rehabs, hospitals and car loans. It took 4 years and I am about 1/2 way done paying it all off. Getting into debt is way easier than getting out.
When I feel depressed and worthless, I watch these videos, and it makes me feel way better. Like I realize my life is great....I have no student loans, no credit card balances, no car loans, and a 799 credit score. Nope, don't drink, don't smoke, no gambling issues, just a boring guy. No wife, no kids. And wow, my life rocks.
Like damn. I have debt. I literally have maybe 2k in debt, that's it. I wouldn't be able to function with 5 or 6 figures. Even 10k would stress me out.
I just got back from the grocery store where a guy was terrorizing a cashier about being a senior citizen paying $4 for eggs. I then watched him climb into the cab of a shiny new $110,000 truck.
No different than seeing a lady in front me at the store buy her groceries on government assistance. But somehow has enough money to buy the latest new iPhone pro max 15 or 16. Takes it out to call the hotline and grips about why her ebt card keeps getting declined lol.
Ok the 45 loan girl probably needs to contact a Chapter 7 Bankruptcy attorney, and then immediately have herself barred from all casinos within a 500-mile radius. I think that'd be a great start
She stopped going to the casinos. And she works 14-16 hr days every day to get herself out of this mess. She doesn’t want to file bc she feels it’s her responsibility to pay it all off and she’s making great progress she has a high income so I’m sure that helps 👍 she’s a really hard worker.
After you sign yourself out of the casino, they let you back in, but will withhold any jackpots won. Because they can't award jackpots to any banned players.
She needs therapy, and why do they give her loans The loan companies. Goid honest working responsible can't even get and loan and they give this crazy women a loan🙄
@@babydollkincaid4584 because it’s a private company, not a bank lol. if she gives a good enough lie or excuse they’ll give away any money. and then give you large amounts of interest that force you to pay it back ASAP, which people gamble away because they think if they just win, they can pay it back. there’s a lot of good people who can’t get loans but they give out these loans for a reason. because they wanna make money off of your interest. and private companies like this aren’t trying to be picky about it. they don’t have people’s best interest in mind.
I had 36.5k debt down to 9k. Medical& student loan& personal loan. I did everthing to be debt free. Left behind 1 personal loan. Just 2025 and i will be debt free ❤
She is soooo right about bankruptcy. I have multiple family members who have filed for bankruptcy multiple times. They get it wiped out and just start over. It’s ridiculous.
I dont get bankruptcy. Can someone explain it to me please? Is it just getting free money? Like all your debts are forgiven and you dont have to pay for anything anymore?
Bk7 is total liquidation..all debts are wiped out and so is your credit score for a few… if you own a home I think you have to do chapter 13 or 11 ..these plans the court sets up a payment plan you can afford and you pay for 4/5 years that set amount…(example you owe 50,000 on 5 cards.. say they set a plan for 200 a month for 48 months or 60 and when that time frames done that’s all the creditors get , so less than half , Pennie’s on the dollar)… your credits still wrecked doing 11 or 13, so might as well, just do 7 and liquidate everything including the house then re affirm the house loan which means it’s written off , but as long as you pay each month you can keep it… I did 7 and it was a life saver,
@@berrymerry1141 Yup, she needs professional help. Gambling addiction like any addiction isn't curable, only treatable with behavioral and environmental changes.
@@jacobmiller6664 yes they should, be happy that the US gouverment at least took some debt when there was low Interest rate... Germany has a thing called the "black 0" (Schwarze Null) cause the german gouverment has literally bank konto at Deutsche Bank and it needs to be at +0,0x at the end of the year - so there is money needed for repairing infrastructure, o sorry not in the budget, there is money needed for repairing schools/education same thing... there is money needed to support companys so that they dont go bankrupt or leave germany and move their Headquarter/industrial to USA, China, India, Poland.... Of course the USA is EXTREME in debt but its still better than taking no debt at all especially when Interest rates where at what in the USA 0,5%? 1% - hella worth it
Despite having all of human knowledge at our fingertips, people still refuse to look for it. You can lead a horse to water, but you can't make it drink!
Or our brains are so dyslexic we need guidance that makes sense💁🏼♀️‼️ Old woman never financially schooled here owning a condo in Southern California, one Amex, paid every month faithfully ( and then feel the burn of broke for a month if needed,) and absorbed all the common sense rules, tried Wall Street, talk about a casino! Pulled my 401k as the ups and downs gave me palpitations 👵🏻... cuz I didn't know how. Oh well, traveled a bunch but not extensively, lived in different parts of the country, usually bought new vehicles as I'm no mechanic and I needed to get to that bill paying job. The one thing I got out of all this is mindfulness of our resources. Zak a vid on elderly women and their money troubles could be good and some help for them⁉️ It's heart wrenching and somewhat understandable when folks give money to money pit friends out of misplaced compassion. I got one at my elbow now. I 🫶🏼 her but know her well and she has done nothing educationally to further herself past high school ( and carps about doing the same job as her fellows less pay, ... hello!!), is stuck in a bad relationship ( PICK OH SO CAREFULLY GALS & GUYS‼️) and has chronic physical needs.🤦🏼♀️ She thought her pill prescribing shrink a real hero when she peeled off a Benjamin and handed it over. sigh, band aid over a gusher and that's all my friend sees is a momentary relief, no thought of invest, save, grow. I don't have spare throw-away scratch to send her way and it's just money down the drain as whatever comes her way just goes out the door. You will only find me on LinkedIn social media and here btw🙋🏼♀️
I am 56. I was a pretty successful scientist, then moved to the Caribbean at 40 and lived rent free on a $4,000 boat with no power, no running water, and no bills, for 15 years. Didn't need a car. Owned a few simple little dresses. Worked 90 hour weeks for a long time, then just about 40. I put away nearly every penny I made (believe me though, I had fun too! The time of my life in fact!) And retired at 50. Throughout that time I've traveled to over 30 countries, been through the Panama Canal, been to the Ice Hotel in Sweden, Machu Picchu and the Nazca lines in Peru, seen the Hagia Sophia in Istanbul, the Eiffel tower, the Roman Coliseum, the Killing Fields in Cambodia and have sailed around much of the world, plus so much more. You know how it was so easy? I drove beat up cars, wasted no money eating out 5 nights a week or buying expensive clothing and makeup. I still had plenty of fun. I just didn't spend frivolously and had ZERO debt. Before charging to your cc, ask yourself how important the things you are buying now will matter to you in another 10 years, and just how interesting you want your life to be. 💝
I don't think you understand how INSANE a 536% interest rate is. She isn't a million dollars in debt. At a 536% interest rate, you'd only be able to take out $14,000 in order to have payments of $6,400/month and it would take you 11 MONTHS paying a WHOPPING $51,400 in interest! There's a reason why they call these interest rates "predatory." It's because they are. If you need a loan, don't take out a payday loan. Don't even use credit cards. Take out a personal loan. The interest rate will be 10% or less vs. 30% on a credit card or 500% on a payday loan.
agree. I thought they were required to disclose the interest rate on any koan or credit card. however, I've never even thought about getting a Payday loan omg. I thought it was more like 40% which is evil, but 400-500+%???? She basically admitted to not reading her loan docs, which is insanely dumb. thank u for explaining how this could even happen and not be loans for an insane amount of $$. I was wondering how you would get approved for anything other than a mortgage for that insane mthly payment. There really should be a max interest rate that anyone should be able to charge. at this point... it's so beyond.
I get my dopamine hit from seeing my savings increase each month with me paying into it and it naturally increasing in value because of high interest and my varied investment portfolio. I also get a dopamine hit from my mortgage coming down. 👍🏼
When I had a mortgage I kept my savings at a certain amount and paid all my extra money toward the mortgage. If I had to spend extra one month, like getting a roof, I diverted the extra money to that until the account was replenished.
Me too. I'll check my savings already knowing what's in there...just so I can mentally pat myself on the back & remind myself I'm doing good.🤑(was not the case 7 years ago).💰
1) find hobbies that don’t cost anything or actually make money 2) learn to cook from basic ingredients in your fridge & pantry, so you can limit or eliminate restaurants & DoorDash.
Those times when you were a kid and your parent just whipped up a dish from like 5 leftovers that really shouldn't work together but is the best thing you've ever eaten.
@@kempolar9768 My parents had five kids…neither of them went to college; yet successfully purchased a house; fed and raised us well. We didn’t have everything, but in my opinion, I had a great childhood.
I get getting cheaper hobbies, but having a hobby because "it makes you money" is just having a second job... Why? I know the answer, we all need/want more money, but why turn shat You like into another job... Depressing.
Delivery is such a scam. I know youre paying a person to do the work and i uderstand they shoukdnt work for free. But they dont justify their value. Charging $10 to deliver $12 in food is insane to me. Just go get your food yourself or cook at home and save even more.
@@calibula95 For us, it’s putting many of the accumulated items from yrs of marriage & raising a family up for sale on online resale sites. My spouse is quite good at it & enjoys it. This time, it’s a dopamine hit when the notification comes thru that an item has sold. My DIL’s sister took up watercolor & oil artistry as a hobby & she’s turned that into a sideline, while keeping her WFH 9-5. She even does live wedding painting where she creates a painting of the couple’s first kiss. They’re beautiful.
❤ Success is not built on success. It's built on failure, It's built on frustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successfulin ife 🇺🇸
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usuall happen when you invest without proper guidance. I'm speaking from experience
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years
Ok how far is the minimum payment away from the actual amount?? Never been in debt and the US probably has a different system to here anyway. But if $6300 is the minimum to stop interest accruing more, is that like 30% of what she originally owed or is it like 5%?
Dont know if this will help anyone, but I live in a remote area. Example, the closest (and only) Walmart in this area is about 2 hours away...but Amazon delivers. So when I go onto amazon, i add everything i can think we need and i let my impulse fly. Then I wait. A few days or a week or so...and go through the list again. I have saved THOUSANDS this way because every time i revisit, the impulse is simmered and I find myself deleting most of the list to what I still feel we need. Patience is a money maker!
I do that on AliExpress in the end I buy very little if anything. My wife always tries to get me to buy stuff that I have seen but I just think why I want it then why I don't and just don't make a decision and when I do it is not available.
I had a credit score of like 415 when I was in my 20s. My situation was so bad I had my truck repossessed and no bank would give me an account. 20 someodd years later my credit score is sub 800s, I have a house, a few cars, and close to no credit card debit… And debt I do have I pay off before interest hits. We can all recover!
You know what's SO crazy? Everybody I know has had life happen to them on account of them all being alive, and not a single one of them has 44 loans out. That's insane. Every single person I know must just be really lucky to have avoided the normal life event of taking out 44 loans.
It means you're making all your payments and aren't carrying major month-to-month balances or opening up a ton of accounts. It doesn't automatically make you financially sophisticated or intelligent, but is a pretty clear sign of basic financial literacy. The kind of literacy all the people spotlighted in these videos lack. I think it more goes the other way, though: if your credit rating is bad, you're utterly broke and/or financially illiterate. Except doctors, many doctors end up wrecking their credit just getting through residency. The career prospects at the end of that make it worth it, though.
I'm never going to say don't forgive student loan debt or don't bail people out of a medical debt or mortgage crisis. But I have spent my adult life dodging these obvious traps to my disadvantage and avoiding credit since it is another trap. Honestly I just get screwed over for being responsible and not spending money i dont have. It's insane that's how it works these days. Credit scores started in 89' we can and should go back.
If I cannot pay my card off the same day, it stays where ever it is. Period. I have zero debt and stellar credit. Albeit, I live check to check, but at least I can sleep at night. 🤷🏻♂️
Smart to not have debt, because that could be the tipping point of a downward spiral since you run it so tight. Keep it up! I got debt (car and cc( but assets outweigh it)
We, my wife and I, have zero credit card debt, zero car payments and our home mortgage is paid off. We have no debt. But it wasn't always that way we had a ton of debt and a mortgage. Finally the day came when we said enough is enough. It took 5 years of hard work and living on just the bare minimum but finally the day came when we had it all paid off. Before and during our debt payoff we were living paycheck to paycheck. Now we save and invest 50% of our income. I like to say that if we can do it anyone can do it, it just takes discipline and the desire to be free of all that crap. Life is good!
Thank you for pointing out the excuse and blame of school. If there was a class, they wouldn’t have listened anyway. Tax and finance classes are painfully boring and there is no way these type of people would have acted differently if they did.
Mines about $500 working 16 hour days although some of those hours are in assets that aren't included in $500. My expenses are $300. I'm pretty miserable but I don't have any choices if I'm to stay here and staying here seems like the best choice. I just got a nasty unfair $1900 to ticket too. I tried to deferral but they screwed me.
I looked up usury laws and found that there are 5 states in the US who have no rate cap! The rest varies between 16 and 305%...just nuts!! The result of lenders lobbying relentlessly, it's extremely lucrative for them and keeps financially illiterate people in debt for decades.
Next time I see my parents I'm going to thank them for learning me stuff like "Don't spend money you don't have" and "Have an emergency fund because sometimes everything breaks in the same month".
@@SomeUserNameBlahBlahthe husband is not allowed to argue about anything in general and confront the wife about anything she does wrong. Even if she uses your credit card to buy a Gucci bag, a Rolex or lots of makeup products, you have to zip it. Even if she wants to sell her feet on OF, you can't say anything.
The problem I had while being married was, that while the money is supposed to be joint and was in a shared account, the money that I was making was being spent on things that I didn't know about or agree to. Now I'm single and in complete control of my finances and guess what, I have money in the bank on a consistent basis and that's all because I no longer have a joint bank account. Funny how that works. 😂
Just paid off $140,000 worth of personal debt, business debt and auto loans i invested all this money on my business but it had a purpose. Getting in debt makes sense if you do it for a business or to grow not to blow money.
Congratulations! Same mess for me: having to take over financial bills and repairs to my parents older home, in which I moved into after their heavenly transitions. Literally with God‘s guidance paid off 80K in six years by adapting a totally frugal lifestyle top to bottom; which I still continue to this day. Thank goodness my parents had paid off the house back in 1995, but I still watch the financial bottom line.
I had to backtrack and re-listen to that. “Vibrational money” was a new one for me. It’s fascinating how people will say anything - no matter how crazy - to justify their behavior. What an astonishingly ridiculous thing to say! 😂
I don't understand either. I did something remotely similar... I knew I needed to save money. I cut in almost everything I could. It became an obsession. I became underweight because I did not want to eat to save money. I never looked at the balances. I knew I was doing everything on a daily basis to save money. I was always surprised to see how much I saved. But I had to stop because it was so unhealthy
I found out recently that my dad filed for bankruptcy a little under 10 yrs ago bc he accrued 30k in credit card debt. Then I found out this wasn’t his first time filing for bankruptcy, he accrued a crap ton of credit card debt at least twice just to file for bankruptcy twice. Bankruptcy only really helps if you also change the ACTIONS
She makes about that much a month at whatever job she has. She's paying them off one at a time. Her content is actually pretty informative because I had never heard in depth about payday loans until I stumbled across a video on her whole tik tok page
Credit debt turns you into a serf (in all meanings of the word). You are no longer working for yourself you are working for the loan company. Paying minimum means you will never get out of debt (unless you go bankrupt).
Young people fail to comprehend that social media is most often not a reflection of real life - and that everything is just a commercial for something.
No one has a perfect credit score. The bankers wouldn't allow it. Life does indeed happen, but $6,300 minimum payment isn't a fluke; it's you building your life around spending money that you don't have.
I have actually had an 850 credit score, though typical in ranges between 835 and 845. Banks have no influence on a person's credit score. Those scores are computed by the credit reporting agencies.
My brother has an 850 credit score. He has 0 debt , like 2 cards and owns a home with a low interest rate and payment , because he paid a huge lump sum first. It's possible, but he's made better decisions than I
I've had a 850 perfect score until I started churning credit cards, it dropped to avg 820. My wife has a perfect 850 score currently, but only with one credit bureau, the others have her about 20 points lower. When I see it hit 850 I take a screenshot for fun.
That first woman needs to stop blaming the loan companies for her situation. She didn't have money to pay her bills because she spent it on gambling. The loan companies didn't force her to gamble her money away, she did that on her own.
Nah I've seen another video on her and her whole situation and the clips he showed did not do her or her mindset about the situation justice. She never blames the companies for her bad decisions, she talks about how she had a gambling addiction, and was using payday loans to pay her bills after blowing all the money she earned at the casino. She also talks about how predatory these loans are and how much of a bitch they are to pay off and her journey to paying them off. She's very honest about her issues and how she's resolved them. It was stupid of her to be in that kind of debt especially with a child involved too. She'll be alright, she makes about 6,000 a month in whatever career she has and has been "sober" and getting help from her gambling addiction.
@MissJoyce88 yeah it was a little off putting. If I hadn't already seen a deep dive on her, I might have seen this differently. Thankfully, I already know about her situation.
@@zahreads her gambling “addiction” is a pathetic excuse for her poor decision making. The perpetual victim mentality keeps people in these situations because they never acknowledge that they have the power (with some effort and dedication) to change their circumstances. She got herself into the “predatory” loans which is entirely on her. Personal responsibility can only be avoided temporarily.
as a recent immigrant to the US, i find it absolutely horrifying on how financially illiterate the general populations are and boy o boy... aren't we heading for a fallout society soon.
same. the only "bad" decision I made was going to as much school as I did. 30k in student debt isn't as bad as it could be tho so I'll count my blessings. never ran up a credit card either
what a sucker to pay off his wife's $60,000 worth of debt. Just wait until she divorces him and takes half his stuff then he will realize that he has been played.
@@ryan6600 yep. women be coming up to me on the streets asking for money or help and i tell them straight up that i dont have it . I aint giving them nada.
@@MakeAmericagreatAgainEVH- idiots. Did you ever think to run a background check on him before getting married? I wouldn’t trust anyone nowadays. I would run both a criminal background check and demand a copy of their credit report be for legally tying myself to anyone.
The time to feel better is when you have 0 student loan debt and no credit card debt that you aren't going to pay off at the end of the month if not earlier.
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well
Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income
The stupid argument of “if only we were taught about finances in high school”. We all know the people who say that were not paying attention in high school classes. Also there is so much free information online to learn. That’s such a stupid excuse
My entire upkeep as a woman: - bar soap 1$ - body wash 2$ - conditioner 2$ - shampoo 2$ - lotion 2$ - deodorant 4$ - face wash 15$ - skincare (including 3 serums, a chemical peel and glycolic acid) 50$ - sunscreen 5$ - razor blades (set of 10) 3$ - sugar scrub/peeling 20$ - toothpaste 3$ - toothbrushes (set of 3) 3$ - mouth wash 4$ - feminine products 10$ - lip and hand care 5$ TOTAL: 131$ now keep in mind that a lot of those products last for ages, like the face wash probably lasts half a year, the scrub lasts roughly 3 months, same with most of the skincare. I cut my own hair and I rarely get my nails done. Some products (perfume, makeup, nail stuff) I buy maybe once a year cause I don't use them often so I didn't even mention them. As you can also see, most of the stuff isn't gender specific and some isn't totally necessary. Like my skin will survive if I don't use the expensive scrub or if I leave out most of the skincare. I'd also never expect my boyfriend to pay for that unless we live together and that's how we split the bills.
They don’t show you the interest rates because the government took away the rule that made them show you the interest rates. Call, email, write to your representatives. Local, state, federal. All of them.
Sadly the United States has created millions of people who are addicted to debt. Not directly but through inaction. The fundamentals of finance and debt are not taught in school plus allowing banks and corporations to promote their debt based products to young people who are completely naive about the dangers.
I think for some it could help to have a program in school, but I think the problem ist, that some people need to have everything they see, at the moment they see in a society that pushes luxuary above brain - they don't think a bit ahead. For most i think a course or similar wouldn't help, because they don't bother with it, until it starts to hurt.
Highly doubt that she ever had an 850 credit score! Then again, nobody should believe what a gambler says. I love how she doesn't take it seriously and laughing all the time!
@doom4067 I know someone who had 900 when they still had it up to 900. Banks do let you get to 850 you just haven't met them yet. But ya no way in hell she hit 850
The only time I splurge a little with my credit card is for Christmas presents. However, even then I know how much I can afford to spend on something and I make sure to put mone aside weekly to eventually pay off my monthly debt.
That person saying that the behavior doesn't change is right. My cousin was $80k in short term debt and declared bankruptcy. She is telling everyone she may need to do it again. 😂. I am $17k in debt right now and working on getting my life together and change behavior. It's hard. I managed to go down to $12k and then my car broke down and I had to go into debt to fix it because a new car is out of the question.
My friend helped his wife get out of massive debt twice. The third time, he ended the marriage. Of course, she tried to take everything, but luckily, he already owned his home, so she basically walked with nothing. I don't know where she's at today, but I'm sure she's in debt 😅
agreed, i question the moral character of a woman who is okay with letting her husband pay off all her debt. she won't learn from her mistakes that way
I noticed alot of this debt or loss of income can be attributed to Doordash or a Delivery service of any kind and " I want it now with the least effort possible" mindset. I had a convo with a coworker last week about how much they eat out and she spent $700 in just 2 weeks. The worst I ever heard was like $1,200. The amount of people that don't know how to cook nor want to just take a bit of time to go grab something that will save them $50 if they just drove 10 mins to the store. I'm kinda raging out because on top of it all these same people will put an entire 2 or 3 day vacation to the Bahamas on a CREDIT CARD then be surprised when next month rolls around and they can't pay for the extra $130 dollar minimum payment and now think they should get a loan to help with bills.... insanity. I'm not perfect, but the mindset scares the shit outta me.
The problem about paying somebody's debt (car loan, university tuition fees, etc) is that you don't let that other person assume/take responsibility for their lives. And you think paying their off will buy their faithfulness, loyalty and love, you are in for a big surprise. They'll simply end up using you as a human ATM.
I screwed up in debt in 2023 with 20% interest. So I took a loan out for 15k off my 401k to clean it up. There are pros and cons to this. The 15k won’t help with compounding my 401k savings. But I pay myself back with 9% interest that is paid to me as well. So I went from paying 20% to the bank to paying myself 9%. But I’m still in debt 15k. It’s no joke, but a move that makes sense. Just a reminder… I’m still in debt 15k.
I knew a guy who was kind of like a semi pro poker player. When he needed money he would go to the casino and make it. He made me want to learn how to count cards lol
My realization went like this: 1. I hate working 2. But I have to work to pay my debt 3. If I didn’t have debt I wouldn’t have to work 4. I’m a slave to my debt 5. I hate debt so I’m getting out of it as fast as possible This is obvious but I didn’t really FEEL it until I truly started to loathe having to be at work all day every day. I want to work on my terms. When I want, if I want. If I hate working somewhere, I can just quit and not fear defaulting. If you aren’t desperate for a paycheck you don’t have to put up with their bs.
My list goes like this: 1. I hate working 2. It costs money to live 3. I must work to get that money Excess debt aside, because we are charged for food, water, and shelter, we will always be slaves in a sense. The only way to free ourselves is to stop trading time for money.
1200€ is my monthly salary as a nanny. No loan, I save 500€ a month. I save first before buying stuff. I take extra jobs during saturday. Buying 1 pair of clothes and dining in my fave restaurant are my rewards. I feel depress lately cause my life is going nowhere but wow, I’m proud of myself after watching this.
I hope all of these future husbands realize that if they marry a woman who has racked up a bunch of credit card debt along with other forms of debt, it’s not gonna end if you pay it off for her. I’ve had to explain this to my son already. Also, did you not learn any financial literacy from your parents? I think that is some thing that is very common and contributes to generational financial problems.
My parents taught me zero. I had to learn on my own. My parents always spent and never saved. My own parents bought a house they couldn't afford and lost it. They went bankrupt too. I'm the the complete opposite of them. Their mistakes pushed me to be nothing like them financially or morally.
@@armandolimon7465 Same here. Both my mother and my sister are my examples of what not to do with my money. I’m fortunate enough now to have moved out and be living with my aunt. She has taught me a lot about financial literacy as well as helped me navigate smart spending habits.
10:15 - To quote a famous progressive insurance commercial “I married my dream girl, but she didn’t tell me that her credit was bad…and now I’m selling fish to tourists in t-shirts”
Generally, I agree, though I admit it has become harder for me, and I try to maintain a fairly fiscally conservative lifestyle. Food has gotten much more expensive, and I have some health things that cost a fair bit as well. If I had a 10% cut on my income, I would be a bit more worried.
In the early 2000s my wife and I ended up buying four homes in Northern California, California plus an investment property in Tennessee. we had an over 800 credit and an income of $350,000 a year. The banks were just throwing money at us so we kept using equities from home to pay for the other down payment. In 2008 when everything started crashing, we failed to liquidate on time and in 2010 ended up doing bankruptcy. Lost three of the homes and only kept our primary residence and the commercial property survived because it wasn’t worth much at the time. We got out from under $2.5 million worth of bad loans. it took another 10 years to recover our credit and now we are doing fine but we definitely learned our lesson not two spread ourselves too thin. We actually lost $1 million of our lifetimes of savings in 2010 😅
The plant craze has come and gone, it was huge due to the pandemic and slowed down last year. People were spending 1000$s on plants. It was INSANE. I fell into it as well, though the most expensive plant I bought was $150. Now I have many pricey ($50+) plants that I just want to get rid of since they’re a pain in the ass to grow.
If you think credit card issuers are in the business of giving free money, I just dont really have sympathy. It isnt your high school's fault if you fail to understand nothing is free and everything you buy must be paid for.
3:54 If you are taking out a loan, the interest rate is the first thing you have to find out!! And aren't lending institutions required to publish that by law? So a ctrl+f "interest" should have got her to the information. So the actual answer is that she was so desperate for more money (like a dope addict) that she didn't *want* to know.
10:02 is really really bad. Don't marry someone in a lot of debt. Don't try to "save" them. Once you are married, you are tied together. They can go take out credit cards and rack up debt without you knowing, and it will stick to you as well since you are married. They can rack up debt, divorce you, and you will get stuck with at least part of that debt. Financial competency needs to be a first or second date topic.
$6300 on minimum payments? Girl? How did you get that much money to borrow!? Bruh being black has its perks because they know they ain’t lending me that much 😂 keeps me out of that hole lol
I’m white and have been denied loans, even with a good amount of money saved, a expensive car paid off as collateral as well as jewelry. Banks done see color, only money.
@@simonemorgan5139He’s right banks only see your score and credit profile, by law they can’t discriminate you based of skin color, religion, or sexuality orientation. I’ve never been denied funding on anything and I’m African American
@@simonemorgan5139I’m a black man and no one cares about your color ma’am, they only care about money. How does it benefit a bank not to put u in debt just because your black, ur definitely voting for Kamala Bear 😂 sis your not a victim! Cut this racist ish y’all like to put out, 2024 man damn 🤦🏾
27 Minutes of the BEST Financial Advice & Decisions in 2024... ua-cam.com/video/DimdkvSUz2w/v-deo.html
Paid 8 gs to the ex bitch cause of that OUR debt bullshit, cards all in her name. But that was the best 8 gs I’ve ever paid.
Nice (: Good balance
You make mistakes yourself Zac, starting with the greasy hair.
Interest is not the only way they make money, they charge on the business side each transaction and probably sell your spending data to advertisers
@@deborahcurtis1385did he ask for your review on his do?
RUDE💁🏼♀️‼️
These videos are my guilty pleasure when I want to feel better about my own finances lol
I appreciate an honest explanation
Same. I owe a couple grand, makes me feel guilty....till I watch these!!!
Same 😂 also it motivates me to stay on track and not add on to my debt.
Me with $10,000 of CC debt 😂💀
Me too😒🤣
"I refuse to live within my means, so I'm going to complain to strangers on the internet."
Unbelievable.
and hilarious sometimes 🤣
this will soon be the story of all humans, lol. It's nice for us debt free people to glee over our superiority now, but we have done this collectively for some centuries and accumulated catastrophic amounts of overshoot of natural resources that stabilize all our soceital, organizational (most importatly economy), and political systems. This bill will fuck all humans in the coming decades.
Whatever you made in reutns on investment is a debt to natural resources, if you are an american you're one of the WORST DEBTORS that will never pay back. (Slightly less bad hi from over here)
@deannacrownover3 what's unbelievable is you fell for ragebait. These stories he reacts to are heavily exaggerated or outright fake for views.
@@coye9r The premise remains.
Over eighty percent of women over the age of eighteen are in debt.
Massive debt
@@coye9r Have you ever known a gambling addict? I find this story sadly believable.
"Life happens, you know? And by life, I mean a crippling gambling addiction."
No accountability.
😂😂😂
Classic
At least she admitted she did have gambling addiction, probably related to the depression she also mentions. She probably explains the "life happens" with the excuse of never taking a loan to gamble, just for the bills she should have been using the gambling money for.
Literally.
“Life happens, custody, divorce, *GAMBLING ADDICTION*”
One of these things is not like the others. Jesus that one took me out
😅
and after life happened there was some more gambling, followed up with even more gambling and even more gambling. Interspersed with some trips to credit card company's office and then more gambling.
Perhaps they were related???
The addiction led to the divorce, which led to the custody, which is when life happened. Good luck to her.
She used gambling as a coping mechanism. Depression can lead to bad habits (like gambling, shopping, etc) because it fills that void you're feeling. I get it.
4 years ago I was dealing with substance abuse and racked up $25k in debt from credit cards, rehabs, hospitals and car loans. It took 4 years and I am about 1/2 way done paying it all off. Getting into debt is way easier than getting out.
Great job- it’s not easy but it feels so much better than the way we used to live. Keep going.
When I feel depressed and worthless, I watch these videos, and it makes me feel way better. Like I realize my life is great....I have no student loans, no credit card balances, no car loans, and a 799 credit score. Nope, don't drink, don't smoke, no gambling issues, just a boring guy. No wife, no kids. And wow, my life rocks.
Definitely a morale boost here. 😂😂😂😂😂
I have a 750 credit score, female here, but I do want a husband.
Your special keep it up GOD BLESS
Like damn. I have debt. I literally have maybe 2k in debt, that's it. I wouldn't be able to function with 5 or 6 figures. Even 10k would stress me out.
Same. 💯
I just got back from the grocery store where a guy was terrorizing a cashier about being a senior citizen paying $4 for eggs. I then watched him climb into the cab of a shiny new $110,000 truck.
People "pay for what they want; beg for what they need". Insanity
No different than seeing a lady in front me at the store buy her groceries on government assistance. But somehow has enough money to buy the latest new iPhone pro max 15 or 16. Takes it out to call the hotline and grips about why her ebt card keeps getting declined lol.
Pretty much the standard across the board lately. Hard to feel bad for people when they keep touching the hot stove.
America? Sounds like Merica🤣
It's all about priorities
Ok the 45 loan girl probably needs to contact a Chapter 7 Bankruptcy attorney, and then immediately have herself barred from all casinos within a 500-mile radius. I think that'd be a great start
She stopped going to the casinos. And she works 14-16 hr days every day to get herself out of this mess. She doesn’t want to file bc she feels it’s her responsibility to pay it all off and she’s making great progress she has a high income so I’m sure that helps 👍 she’s a really hard worker.
She has payday loan loans to gamble, you aren’t getting them dismissed by contract
After you sign yourself out of the casino, they let you back in, but will withhold any jackpots won. Because they can't award jackpots to any banned players.
She needs therapy, and why do they give her loans The loan companies.
Goid honest working responsible can't even get and loan and they give this crazy women a loan🙄
@@babydollkincaid4584 because it’s a private company, not a bank lol. if she gives a good enough lie or excuse they’ll give away any money. and then give you large amounts of interest that force you to pay it back ASAP, which people gamble away because they think if they just win, they can pay it back. there’s a lot of good people who can’t get loans but they give out these loans for a reason. because they wanna make money off of your interest. and private companies like this aren’t trying to be picky about it. they don’t have people’s best interest in mind.
I had 36.5k debt down to 9k. Medical& student loan& personal loan. I did everthing to be debt free. Left behind 1 personal loan. Just 2025 and i will be debt free ❤
That’s awesome, great job!!! Hoping to be debt free in 2025 as well
Congrats!!! I’m about to have the same amount or a little more after I graduate with my nursing degree
Me too! Just 2025 and I will be debt free too!
She is soooo right about bankruptcy. I have multiple family members who have filed for bankruptcy multiple times. They get it wiped out and just start over. It’s ridiculous.
What happens after?
Yep. I know people also. In about a year they were able to get c.c. again and purchase a house.
I dont get bankruptcy. Can someone explain it to me please? Is it just getting free money? Like all your debts are forgiven and you dont have to pay for anything anymore?
No. You will lose your assets in bankruptcy. Like your house etc. But essentially yeah with credit cards it's free money, it's just wiped. @@TaeThei
Bk7 is total liquidation..all debts are wiped out and so is your credit score for a few… if you own a home I think you have to do chapter 13 or 11 ..these plans the court sets up a payment plan you can afford and you pay for 4/5 years that set amount…(example you owe 50,000 on 5 cards.. say they set a plan for 200 a month for 48 months or 60 and when that time frames done that’s all the creditors get , so less than half , Pennie’s on the dollar)… your credits still wrecked doing 11 or 13, so might as well, just do 7 and liquidate everything including the house then re affirm the house loan which means it’s written off , but as long as you pay each month you can keep it… I did 7 and it was a life saver,
"sitting in a casino thinking how am I going to pay these loans." Next level crazy.
It's fucking insane. Like is she fucking serious.
well she talked about how she had an addiction.. many addictions put you in massive debt
A lot of people are like this actually, that’s the shocking part. Which makes sense since 80% of 🤡🤡🤡🤡 regret buying a house at the top 🤣🤡
The crazy part is that if she hit the jackpot she'd blow it in that same casino.
@@berrymerry1141 Yup, she needs professional help. Gambling addiction like any addiction isn't curable, only treatable with behavioral and environmental changes.
“Adults devise a plan and follow it. Children do what feels good.” - Dave Ramsey
❤
Is that what Brian Boytano do?
such wise words, considering indistrual society has brought us to extinction
"Smart people contact Timeshare Exit Team for advice." Dave Ramsey
Dave Ramsey quote how original by the way how did Dave Ramsey start his financial life? rhetorical question by the way
"Country is in debt, so why does it matter if I am" 😂 😂
That line left me speechless.
Because you are not the guv.....
The government shouldn't be doing it either
slave debt, some beard dude somewhere might be swimming in your money and tears
@@jacobmiller6664 yes they should, be happy that the US gouverment at least took some debt when there was low Interest rate...
Germany has a thing called the "black 0" (Schwarze Null) cause the german gouverment has literally bank konto at Deutsche Bank and it needs to be at +0,0x at the end of the year - so there is money needed for repairing infrastructure, o sorry not in the budget, there is money needed for repairing schools/education same thing...
there is money needed to support companys so that they dont go bankrupt or leave germany and move their Headquarter/industrial to USA, China, India, Poland....
Of course the USA is EXTREME in debt but its still better than taking no debt at all especially when Interest rates where at what in the USA 0,5%? 1% - hella worth it
“ I wasn’t taught this in high school” can no longer be used as an excuse for stuff like this. We have the bulk of human knowledge at our fingertips.
Despite having all of human knowledge at our fingertips, people still refuse to look for it. You can lead a horse to water, but you can't make it drink!
Or our brains are so dyslexic we need guidance that makes sense💁🏼♀️‼️
Old woman never financially schooled here owning a condo in Southern California, one Amex, paid every month faithfully ( and then feel the burn of broke for a month if needed,) and absorbed all the common sense rules, tried Wall Street, talk about a casino! Pulled my 401k as the ups and downs gave me palpitations 👵🏻... cuz I didn't know how.
Oh well, traveled a bunch but not extensively, lived in different parts of the country, usually bought new vehicles as I'm no mechanic and I needed to get to that bill paying job.
The one thing I got out of all this is mindfulness of our resources. Zak a vid on elderly women and their money troubles could be good and some help for them⁉️ It's heart wrenching and somewhat understandable when folks give money to money pit friends out of misplaced compassion. I got one at my elbow now. I 🫶🏼 her but know her well and she has done nothing educationally to further herself past high school ( and carps about doing the same job as her fellows less pay, ... hello!!), is stuck in a bad relationship ( PICK OH SO CAREFULLY GALS & GUYS‼️) and has chronic physical needs.🤦🏼♀️ She thought her pill prescribing shrink a real hero when she peeled off a Benjamin and handed it over. sigh, band aid over a gusher and that's all my friend sees is a momentary relief, no thought of invest, save, grow. I don't have spare throw-away scratch to send her way and it's just money down the drain as whatever comes her way just goes out the door.
You will only find me on LinkedIn social media and here btw🙋🏼♀️
I am 56. I was a pretty successful scientist, then moved to the Caribbean at 40 and lived rent free on a $4,000 boat with no power, no running water, and no bills, for 15 years. Didn't need a car. Owned a few simple little dresses. Worked 90 hour weeks for a long time, then just about 40. I put away nearly every penny I made (believe me though, I had fun too! The time of my life in fact!) And retired at 50. Throughout that time I've traveled to over 30 countries, been through the Panama Canal, been to the Ice Hotel in Sweden, Machu Picchu and the Nazca lines in Peru, seen the Hagia Sophia in Istanbul, the Eiffel tower, the Roman Coliseum, the Killing Fields in Cambodia and have sailed around much of the world, plus so much more. You know how it was so easy? I drove beat up cars, wasted no money eating out 5 nights a week or buying expensive clothing and makeup. I still had plenty of fun. I just didn't spend frivolously and had ZERO debt.
Before charging to your cc, ask yourself how important the things you are buying now will matter to you in another 10 years, and just how interesting you want your life to be. 💝
I better drive BMW 7 series with Italian leather and eat expensive steaks than traveling. Traveling is not fun at all.
Hello, I've always wanted to retire and live on a sailboat. Where did you find the sailboat for $4k?
@@MyDyerMakerthat stayed afloat 🛶
@rachelgreen1368 travelling is not fun? 😂 imagine dying and not enjoying the world
What did you eat with no power and not eating out? How did you bathe? Please tell me. This is so fascinating and I'm intrigued
I don't think you understand how INSANE a 536% interest rate is. She isn't a million dollars in debt. At a 536% interest rate, you'd only be able to take out $14,000 in order to have payments of $6,400/month and it would take you 11 MONTHS paying a WHOPPING $51,400 in interest! There's a reason why they call these interest rates "predatory." It's because they are. If you need a loan, don't take out a payday loan. Don't even use credit cards. Take out a personal loan. The interest rate will be 10% or less vs. 30% on a credit card or 500% on a payday loan.
Most can’t get a bank loan and don’t have a 700 credit score
@@Collusion10 Yeah, if they could get personal loans at decent interest they wouldn't be walking into a payday loan place.
Lol. You're not even considering the yearly compounding rate.
agree. I thought they were required to disclose the interest rate on any koan or credit card. however, I've never even thought about getting a Payday loan omg. I thought it was more like 40% which is evil, but 400-500+%???? She basically admitted to not reading her loan docs, which is insanely dumb.
thank u for explaining how this could even happen and not be loans for an insane amount of $$. I was wondering how you would get approved for anything other than a mortgage for that insane mthly payment.
There really should be a max interest rate that anyone should be able to charge. at this point... it's so beyond.
I don’t think her story is true or accurate. She may be in debt but, it ain’t that much. It’s most likely click-bait.
I get my dopamine hit from seeing my savings increase each month with me paying into it and it naturally increasing in value because of high interest and my varied investment portfolio. I also get a dopamine hit from my mortgage coming down. 👍🏼
When I had a mortgage I kept my savings at a certain amount and paid all my extra money toward the mortgage. If I had to spend extra one month, like getting a roof, I diverted the extra money to that until the account was replenished.
I finally opened a couple cds this year. I felt so awesome that Ive been doing as much as I can to get more money to go towards more investments.
Same here. I always pay and extra $300-$500 a month on my mortgage.
I pay 400$ dollars a day towards my credit card debts 👍😅
Me too. I'll check my savings already knowing what's in there...just so I can mentally pat myself on the back & remind myself I'm doing good.🤑(was not the case 7 years ago).💰
1) find hobbies that don’t cost anything or actually make money
2) learn to cook from basic ingredients in your fridge & pantry, so you can limit or eliminate restaurants & DoorDash.
Those times when you were a kid and your parent just whipped up a dish from like 5 leftovers that really shouldn't work together but is the best thing you've ever eaten.
@@kempolar9768 My parents had five kids…neither of them went to college; yet successfully purchased a house; fed and raised us well. We didn’t have everything, but in my opinion, I had a great childhood.
I get getting cheaper hobbies, but having a hobby because "it makes you money" is just having a second job... Why?
I know the answer, we all need/want more money, but why turn shat You like into another job... Depressing.
Delivery is such a scam. I know youre paying a person to do the work and i uderstand they shoukdnt work for free. But they dont justify their value. Charging $10 to deliver $12 in food is insane to me. Just go get your food yourself or cook at home and save even more.
@@calibula95 For us, it’s putting many of the accumulated items from yrs of marriage & raising a family up for sale on online resale sites. My spouse is quite good at it & enjoys it. This time, it’s a dopamine hit when the notification comes thru that an item has sold. My DIL’s sister took up watercolor & oil artistry as a hobby & she’s turned that into a sideline, while keeping her WFH 9-5. She even does live wedding painting where she creates a painting of the couple’s first kiss. They’re beautiful.
❤ Success is not built on success. It's built on failure, It's built on frustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successfulin ife 🇺🇸
congrats $795k? how did you do this please i am new to crypto and stock investing can you guide me on how to do this?
Alice Louis is a very legitimate and competent woman, her method works like magic, I continue to win with her new strategies.
A good friend of mine also does business with her in Canada. She is a good woman! Her good works already speak for herself.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usuall happen when you invest without proper guidance. I'm speaking from experience
Started with $5,000 and Withdrew profits
$89,000.
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years
pls how can I reach this expert, I need someone to help me manage my portfolio
Her name is “Jessica Lee Horst” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
I’m surprised she is laughing at 6300. A month..I’d be throwing up 😮
6300 minimum payments 😭 how does she sleep at night?
Ok how far is the minimum payment away from the actual amount?? Never been in debt and the US probably has a different system to here anyway.
But if $6300 is the minimum to stop interest accruing more, is that like 30% of what she originally owed or is it like 5%?
@@kempolar9768minimum payment is usually 10% of what is actually due
I think she’s cope laughing, but yea 6300 a month is about triple a mortgage payment where I’m from
That's hysteria. She's laughing but it's hysterical laughter. It's that or.... Sliding is possible.
I am a firm believer that high schools should be required to attend a financial literacy course before they can graduate.
I meant to say high schoolers not high schools, sorry.
I took a class like on personal finance in high school. It helped me a lot.
Personal Finance is where I learned the difference between a credit card and debit card. Prior to, I used the two terms interchangeably.
I was already financially smart but yeah thanks for saying that.
even if they did, nobody would listen or pay attention
Dont know if this will help anyone, but I live in a remote area. Example, the closest (and only) Walmart in this area is about 2 hours away...but Amazon delivers.
So when I go onto amazon, i add everything i can think we need and i let my impulse fly.
Then I wait. A few days or a week or so...and go through the list again. I have saved THOUSANDS this way because every time i revisit, the impulse is simmered and I find myself deleting most of the list to what I still feel we need. Patience is a money maker!
I do that on AliExpress in the end I buy very little if anything. My wife always tries to get me to buy stuff that I have seen but I just think why I want it then why I don't and just don't make a decision and when I do it is not available.
Same.
I do that too, delete or save for later most of it.
Great advice! That works perfectly tbh
I put stuff in my cart now and just leave it for awhile.
I had a credit score of like 415 when I was in my 20s. My situation was so bad I had my truck repossessed and no bank would give me an account.
20 someodd years later my credit score is sub 800s, I have a house, a few cars, and close to no credit card debit… And debt I do have I pay off before interest hits.
We can all recover!
You know what's SO crazy? Everybody I know has had life happen to them on account of them all being alive, and not a single one of them has 44 loans out. That's insane. Every single person I know must just be really lucky to have avoided the normal life event of taking out 44 loans.
“the country is in debt, so why does it matter if i am?” is a banger in theory but if you think it works that way right now, you’re insane
The country’s debt is so high I can’t imagine the number.
Totally that makes this a banger theory, and that mindset is a bad way to live.
Having an 850 credit score doesn’t mean you’re financially literate. It means you’re a good consumer.
Zero chance she has an 850. It’s taken me over a decade to get into the 820s. Her parents must have opened a credit card in her name when she was 2 🙄
It means you're making all your payments and aren't carrying major month-to-month balances or opening up a ton of accounts. It doesn't automatically make you financially sophisticated or intelligent, but is a pretty clear sign of basic financial literacy. The kind of literacy all the people spotlighted in these videos lack.
I think it more goes the other way, though: if your credit rating is bad, you're utterly broke and/or financially illiterate.
Except doctors, many doctors end up wrecking their credit just getting through residency. The career prospects at the end of that make it worth it, though.
I'm never going to say don't forgive student loan debt or don't bail people out of a medical debt or mortgage crisis. But I have spent my adult life dodging these obvious traps to my disadvantage and avoiding credit since it is another trap. Honestly I just get screwed over for being responsible and not spending money i dont have. It's insane that's how it works these days. Credit scores started in 89' we can and should go back.
No! it means you're a responsible adult and you're not a woke democrat/ liberal. That can pay your bills on time....
Exactly! When I stopped using my credit card, my credit score went down 17 points just last month!
If I cannot pay my card off the same day, it stays where ever it is. Period. I have zero debt and stellar credit. Albeit, I live check to check, but at least I can sleep at night. 🤷🏻♂️
Smart to not have debt, because that could be the tipping point of a downward spiral since you run it so tight. Keep it up! I got debt (car and cc( but assets outweigh it)
You really should have at least %1 utilization reported tho
@@rorycolgan Thank you. It just has to be this way.
Next step... Emergency fund. You have a good start
@@laundrygoddess4 You are absolutely correct, and I started that a year ago. I moved from SoCal to Vegas, which is far cheaper.
We, my wife and I, have zero credit card debt, zero car payments and our home mortgage is paid off. We have no debt. But it wasn't always that way we had a ton of debt and a mortgage. Finally the day came when we said enough is enough. It took 5 years of hard work and living on just the bare minimum but finally the day came when we had it all paid off. Before and during our debt payoff we were living paycheck to paycheck. Now we save and invest 50% of our income. I like to say that if we can do it anyone can do it, it just takes discipline and the desire to be free of all that crap. Life is good!
Thank you for pointing out the excuse and blame of school. If there was a class, they wouldn’t have listened anyway. Tax and finance classes are painfully boring and there is no way these type of people would have acted differently if they did.
"Some people are so poor all they have is money."
“The richest person in the world is not the one who has the most but the one who needs the least.”
Yeah they need it the least because they have a shit ton of it already 😂😂😂 I get what you’re saying though.
@@weeohreviews6657 lottery winners are the prime example of being rich yet stupid spenders.
Less is More..
I am always amazed at how people can pay $4-5k/month for an apartment. My net monthly income is like $3k. We live in different worlds I guess.
Same here @Chris349
Here in Boston Ma the average rent is around $3,400
What about people that have multiple kids, how do they afford that? They cost as much as these people in debt
Mines about $500 working 16 hour days although some of those hours are in assets that aren't included in $500. My expenses are $300. I'm pretty miserable but I don't have any choices if I'm to stay here and staying here seems like the best choice. I just got a nasty unfair $1900 to ticket too. I tried to deferral but they screwed me.
Rich get richer no problem get a better job.
I looked up usury laws and found that there are 5 states in the US who have no rate cap! The rest varies between 16 and 305%...just nuts!! The result of lenders lobbying relentlessly, it's extremely lucrative for them and keeps financially illiterate people in debt for decades.
thank you for answering this. i really was wondering after a few mins of this vid oh my god
Not just illiterate but vulnerable, at a weak point, everyone has moments and laws should protect you from being taken advantage of in those moments
Next time I see my parents I'm going to thank them for learning me stuff like "Don't spend money you don't have" and "Have an emergency fund because sometimes everything breaks in the same month".
I remember reading something along the lines of “some people don’t have any hobbies, so their hobby becomes consumerism.”
When you are married, it’s OUR debt, not the wife’s or husband’s. #1 cause of marriage issues is money fights…
Wives are allowed to argue about the lack of money, but husbands aren't allowed to argue about the lack of sex.
@@SomeUserNameBlahBlahthe husband is not allowed to argue about anything in general and confront the wife about anything she does wrong.
Even if she uses your credit card to buy a Gucci bag, a Rolex or lots of makeup products, you have to zip it.
Even if she wants to sell her feet on OF, you can't say anything.
@@SomeUserNameBlahBlah money and sex are not equivalent, you are acting like men do not withhold sex
The problem I had while being married was, that while the money is supposed to be joint and was in a shared account, the money that I was making was being spent on things that I didn't know about or agree to. Now I'm single and in complete control of my finances and guess what, I have money in the bank on a consistent basis and that's all because I no longer have a joint bank account. Funny how that works. 😂
@@SomeUserNameBlahBlahI agree. If you want my money then I better be getting something in return on a regular basis.
Just paid off $140,000 worth of personal debt, business debt and auto loans i invested all this money on my business but it had a purpose. Getting in debt makes sense if you do it for a business or to grow not to blow money.
what kind of business do you have ?
Congratulations! Same mess for me: having to take over financial bills and repairs to my parents older home, in which I moved into after their heavenly transitions. Literally with God‘s guidance paid off 80K in six years by adapting a totally frugal lifestyle top to bottom; which I still continue to this day. Thank goodness my parents had paid off the house back in 1995, but I still watch the financial bottom line.
The vibrational energy of money... This is how you know she's got no idea what is going on anywhere at any given moment. Raise your kids better.
I had to backtrack and re-listen to that. “Vibrational money” was a new one for me. It’s fascinating how people will say anything - no matter how crazy - to justify their behavior. What an astonishingly ridiculous thing to say! 😂
I don't understand either. I did something remotely similar... I knew I needed to save money. I cut in almost everything I could. It became an obsession. I became underweight because I did not want to eat to save money. I never looked at the balances. I knew I was doing everything on a daily basis to save money. I was always surprised to see how much I saved. But I had to stop because it was so unhealthy
I found out recently that my dad filed for bankruptcy a little under 10 yrs ago bc he accrued 30k in credit card debt. Then I found out this wasn’t his first time filing for bankruptcy, he accrued a crap ton of credit card debt at least twice just to file for bankruptcy twice. Bankruptcy only really helps if you also change the ACTIONS
"Normalize men paying for women's lifestyles"
How about no 😊
1st lady: Perfect example of a gambling addict. That’s terrible & if she chose the road back, that's a tough road of hope!
Also First Lady: Classic Bipolar I Disorder. She needs therapy and someone else to manage her finances until she gets herself straightened out.
She’s working hard and doing great. Making progress!
@@whitneywillie4471 That’s good to hear! Hoping for the best for her! :)
Thank god for my $935 ONE cc balance that I just hit ‘pay in full’ on…do not spend what you can’t pay back in 30 days people.
$6300 girl do not look like she is starving.
That's probably because she's obese 😂😂
For real. She has more than just a gambling addiction
she needs a reality check. But people are walking into target and walking out with armloads.
She makes about that much a month at whatever job she has. She's paying them off one at a time. Her content is actually pretty informative because I had never heard in depth about payday loans until I stumbled across a video on her whole tik tok page
Because she ate it 🤔🙄😳😳🫣🚫
Credit debt turns you into a serf (in all meanings of the word). You are no longer working for yourself you are working for the loan company. Paying minimum means you will never get out of debt (unless you go bankrupt).
Young people fail to comprehend that social media is most often not a reflection of real life - and that everything is just a commercial for something.
No one has a perfect credit score. The bankers wouldn't allow it.
Life does indeed happen, but $6,300 minimum payment isn't a fluke; it's you building your life around spending money that you don't have.
my 36 yr old son has 849 credit score, he sent me a screen shot of it.
No it exists I assure you. I know someone that does. But they're worth 250m so .. not something most people will ever experience.
I have actually had an 850 credit score, though typical in ranges between 835 and 845. Banks have no influence on a person's credit score. Those scores are computed by the credit reporting agencies.
My brother has an 850 credit score. He has 0 debt , like 2 cards and owns a home with a low interest rate and payment , because he paid a huge lump sum first. It's possible, but he's made better decisions than I
I've had a 850 perfect score until I started churning credit cards, it dropped to avg 820. My wife has a perfect 850 score currently, but only with one credit bureau, the others have her about 20 points lower. When I see it hit 850 I take a screenshot for fun.
That first woman needs to stop blaming the loan companies for her situation.
She didn't have money to pay her bills because she spent it on gambling.
The loan companies didn't force her to gamble her money away, she did that on her own.
@@MirandaSinistra She needs to get over herself and then she'll be able to fix her situation.
her problem is that she gambled with borrowed money.
Nah I've seen another video on her and her whole situation and the clips he showed did not do her or her mindset about the situation justice. She never blames the companies for her bad decisions, she talks about how she had a gambling addiction, and was using payday loans to pay her bills after blowing all the money she earned at the casino. She also talks about how predatory these loans are and how much of a bitch they are to pay off and her journey to paying them off. She's very honest about her issues and how she's resolved them. It was stupid of her to be in that kind of debt especially with a child involved too. She'll be alright, she makes about 6,000 a month in whatever career she has and has been "sober" and getting help from her gambling addiction.
@MissJoyce88 yeah it was a little off putting. If I hadn't already seen a deep dive on her, I might have seen this differently. Thankfully, I already know about her situation.
@@zahreads her gambling “addiction” is a pathetic excuse for her poor decision making. The perpetual victim mentality keeps people in these situations because they never acknowledge that they have the power (with some effort and dedication) to change their circumstances. She got herself into the “predatory” loans which is entirely on her. Personal responsibility can only be avoided temporarily.
"My life sucks! I'm going to make it worse by spending my entire savings!"
I started at $30k plus in credit card debit and I’m down to $13k and I can’t wait to pay that off!
Heck yeah! That's amazing dedication, it's hard to pay off large amounts. Takes a lot of guts!!
as a recent immigrant to the US, i find it absolutely horrifying on how financially illiterate the general populations are and boy o boy... aren't we heading for a fallout society soon.
I’m always grateful that my mom taught me to make smart financial decisions early on because I’m at a loss for words watching these videos.
same. the only "bad" decision I made was going to as much school as I did. 30k in student debt isn't as bad as it could be tho so I'll count my blessings. never ran up a credit card either
what a sucker to pay off his wife's $60,000 worth of debt. Just wait until she divorces him and takes half his stuff then he will realize that he has been played.
Simps…
@@ryan6600 yep. women be coming up to me on the streets asking for money or help and i tell them straight up that i dont have it . I aint giving them nada.
Women do the same. I had to pay my husbands debt he lied about. What would we be called?!?
@@MakeAmericagreatAgainEVH- idiots. Did you ever think to run a background check on him before getting married? I wouldn’t trust anyone nowadays. I would run both a criminal background check and demand a copy of their credit report be for legally tying myself to anyone.
I owe 27k in student loans and 2500 in credit card.... after watching this i feel better😮
Are you working towards paying that off?
The time to feel better is when you have 0 student loan debt and no credit card debt that you aren't going to pay off at the end of the month if not earlier.
Zac u are wise beyond your years ,I am 64 and have your attitude .I hope your channel grows!
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well
Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income
These credit debt videos are entertaining because i got 0 debt.
Amen. Got me and my wife out of debt after a decade of mistakes. Never going back.
Same here my friend and it's a great feeling to be free!
0 debt, live on $900 a month! Favorite meal Steak and eggs, and I eat that often, like most of the time!😊
This is not a flex….
@@darickfoxo7986 it's a flex not to have any bad debt.
The stupid argument of “if only we were taught about finances in high school”. We all know the people who say that were not paying attention in high school classes. Also there is so much free information online to learn. That’s such a stupid excuse
Do you need a class to teach you spend less than you earn and you will be OK?
My entire upkeep as a woman:
- bar soap 1$
- body wash 2$
- conditioner 2$
- shampoo 2$
- lotion 2$
- deodorant 4$
- face wash 15$
- skincare (including 3 serums, a chemical peel and glycolic acid) 50$
- sunscreen 5$
- razor blades (set of 10) 3$
- sugar scrub/peeling 20$
- toothpaste 3$
- toothbrushes (set of 3) 3$
- mouth wash 4$
- feminine products 10$
- lip and hand care 5$
TOTAL: 131$
now keep in mind that a lot of those products last for ages, like the face wash probably lasts half a year, the scrub lasts roughly 3 months, same with most of the skincare. I cut my own hair and I rarely get my nails done. Some products (perfume, makeup, nail stuff) I buy maybe once a year cause I don't use them often so I didn't even mention them. As you can also see, most of the stuff isn't gender specific and some isn't totally necessary. Like my skin will survive if I don't use the expensive scrub or if I leave out most of the skincare. I'd also never expect my boyfriend to pay for that unless we live together and that's how we split the bills.
Are you single?
@@nomansland6376 no
Switch to a menstrual cup and you’ll save more $ as a woman
@@vioig1449 no, I neither need to save money nor do I want to
@@vioig1449no, it's not healthy not allowing airflow will cause infection. Always use pads
They don’t show you the interest rates because the government took away the rule that made them show you the interest rates.
Call, email, write to your representatives. Local, state, federal. All of them.
Sadly the United States has created millions of people who are addicted to debt. Not directly but through inaction. The fundamentals of finance and debt are not taught in school plus allowing banks and corporations to promote their debt based products to young people who are completely naive about the dangers.
I think for some it could help to have a program in school, but I think the problem ist, that some people need to have everything they see, at the moment they see in a society that pushes luxuary above brain - they don't think a bit ahead. For most i think a course or similar wouldn't help, because they don't bother with it, until it starts to hurt.
No discipline
I think there are more people saving money then posting about debt on tiktok lol
Highly doubt that she ever had an 850 credit score! Then again, nobody should believe what a gambler says. I love how she doesn't take it seriously and laughing all the time!
No one has an 850 credit score, and I mean no one. The bankers would never allow it.
@doom4067
I know someone who had 900 when they still had it up to 900. Banks do let you get to 850 you just haven't met them yet. But ya no way in hell she hit 850
@racksattack-ml7sz no way I was in low 800s never miss a bill. Dumb not word 4 her😅
@@doom4067My credit score is 840. It‘s possible, but difficult.
Nervous laughter is a thing. She takes it very seriously. Works long hours every day to pay it off but he didn’t post any of those clips of course.
And people wonder why marriage is dying...
My mortgage payment is $406 a month....
Is that good or bad?
Thats extremly good
@@mfanto1 people usually pay thousands a month for a mortgage
Damn! That’s very good.
It’s easy to fall into the debt trap, but it’s extremely hard to get out.
People living above their means is the problem.
She didn't take out loans to pay bills. She took out loans to gamble, and then she rationalized it.
Money is fungible.
Don't get the dopamine hit when buying items online, I just get stressed lol
You got your brain trained well
The only time I splurge a little with my credit card is for Christmas presents. However, even then I know how much I can afford to spend on something and I make sure to put mone aside weekly to eventually pay off my monthly debt.
That person saying that the behavior doesn't change is right. My cousin was $80k in short term debt and declared bankruptcy. She is telling everyone she may need to do it again. 😂. I am $17k in debt right now and working on getting my life together and change behavior. It's hard. I managed to go down to $12k and then my car broke down and I had to go into debt to fix it because a new car is out of the question.
I used to be 2000$ in debt and thought I had it bad back then, watching these makes me feel like a financial genius
My friend helped his wife get out of massive debt twice. The third time, he ended the marriage. Of course, she tried to take everything, but luckily, he already owned his home, so she basically walked with nothing. I don't know where she's at today, but I'm sure she's in debt 😅
Unfortunate
As a man and a future husband I refuse to enable bad behavior, especially impulsive spending I work hard for my money.
agreed, i question the moral character of a woman who is okay with letting her husband pay off all her debt. she won't learn from her mistakes that way
I noticed alot of this debt or loss of income can be attributed to Doordash or a Delivery service of any kind and " I want it now with the least effort possible" mindset.
I had a convo with a coworker last week about how much they eat out and she spent $700 in just 2 weeks. The worst I ever heard was like $1,200. The amount of people that don't know how to cook nor want to just take a bit of time to go grab something that will save them $50 if they just drove 10 mins to the store.
I'm kinda raging out because on top of it all these same people will put an entire 2 or 3 day vacation to the Bahamas on a CREDIT CARD then be surprised when next month rolls around and they can't pay for the extra $130 dollar minimum payment and now think they should get a loan to help with bills.... insanity. I'm not perfect, but the mindset scares the shit outta me.
Yeah, it's scary how many folks out there are so dumb with their money. 😂
The problem about paying somebody's debt (car loan, university tuition fees, etc) is that you don't let that other person assume/take responsibility for their lives. And you think paying their off will buy their faithfulness, loyalty and love, you are in for a big surprise. They'll simply end up using you as a human ATM.
I screwed up in debt in 2023 with 20% interest. So I took a loan out for 15k off my 401k to clean it up. There are pros and cons to this. The 15k won’t help with compounding my 401k savings. But I pay myself back with 9% interest that is paid to me as well. So I went from paying 20% to the bank to paying myself 9%. But I’m still in debt 15k. It’s no joke, but a move that makes sense. Just a reminder… I’m still in debt 15k.
If you're sitting in a casino thinking about how to pay your bills, you're doing life wrong.
I knew a guy who was kind of like a semi pro poker player. When he needed money he would go to the casino and make it. He made me want to learn how to count cards lol
@@nordette Poker playing and card counting are 2 vastly different things.
@albundy7794 I know, I know I just read your comment and it jogged my memory of him. Haven't thought of him in years...
My realization went like this:
1. I hate working
2. But I have to work to pay my debt
3. If I didn’t have debt I wouldn’t have to work
4. I’m a slave to my debt
5. I hate debt so I’m getting out of it as fast as possible
This is obvious but I didn’t really FEEL it until I truly started to loathe having to be at work all day every day. I want to work on my terms. When I want, if I want. If I hate working somewhere, I can just quit and not fear defaulting. If you aren’t desperate for a paycheck you don’t have to put up with their bs.
My list goes like this:
1. I hate working
2. It costs money to live
3. I must work to get that money
Excess debt aside, because we are charged for food, water, and shelter, we will always be slaves in a sense. The only way to free ourselves is to stop trading time for money.
I don't think you're gonna run out of this content any time soon, boss
1200€ is my monthly salary as a nanny. No loan, I save 500€ a month. I save first before buying stuff. I take extra jobs during saturday. Buying 1 pair of clothes and dining in my fave restaurant are my rewards. I feel depress lately cause my life is going nowhere but wow, I’m proud of myself after watching this.
These videos have inspired me to tackle my own debt, which comparatively to these examples is quite small
I hope all of these future husbands realize that if they marry a woman who has racked up a bunch of credit card debt along with other forms of debt, it’s not gonna end if you pay it off for her. I’ve had to explain this to my son already.
Also, did you not learn any financial literacy from your parents? I think that is some thing that is very common and contributes to generational financial problems.
Depends depends
My parents taught me zero. I had to learn on my own. My parents always spent and never saved. My own parents bought a house they couldn't afford and lost it. They went bankrupt too. I'm the the complete opposite of them. Their mistakes pushed me to be nothing like them financially or morally.
@@armandolimon7465 Same here. Both my mother and my sister are my examples of what not to do with my money. I’m fortunate enough now to have moved out and be living with my aunt. She has taught me a lot about financial literacy as well as helped me navigate smart spending habits.
@@armandolimon7465 good job on breaking out of the cycle!
You are right, I cant believe how entitled and backwards its possible to get. Some 'prince on a horse' is supposed to make it all right smh
I don't pity any of these people
Addicts are the human zoo
I pity the fool, personally.
The second clip started of so well then she said 50/50 half save half spend and I can’t agree with that, it still fuels addiction
The most in credit cards I ever owed was around $6,000. And I quickly paid that off. I couldn’t stand owing that kind of money. 😮
10:15 - To quote a famous progressive insurance commercial “I married my dream girl, but she didn’t tell me that her credit was bad…and now I’m selling fish to tourists in t-shirts”
I don't mind paying for my woman, this is only based that my girl doesn't have the spending habits of a child
You’re a MONSTER 👺!!!
I’ll never understand why people spend money they don’t have
That’s kind of massively lacking in understanding of fellow man
@@M_SC So, do you understand why people spend money they don't have?
@@M_SC welllll nobody I know does that so yeah maybe I do lack understanding of a certain section of fellow man lol
Because in the end they are not the ones passing it off, we are... they will tax it out, or do you really think banks are going to take a loss?
Spend less than you earn.
Why so many people don't understand that five words?
The excuses you'd hear for not doing that could fill a book
Generally, I agree, though I admit it has become harder for me, and I try to maintain a fairly fiscally conservative lifestyle. Food has gotten much more expensive, and I have some health things that cost a fair bit as well.
If I had a 10% cut on my income, I would be a bit more worried.
@@AtrusOranis I'm sorry for you. I hope you can cut all stupid spending and controll your money habbits. Best of luck for you. 👍
I’ve been in bad debt before. But gosh I cannot imagine how you get in this woman’s situation. 1:37
In the early 2000s my wife and I ended up buying four homes in Northern California, California plus an investment property in Tennessee. we had an over 800 credit and an income of $350,000 a year. The banks were just throwing money at us so we kept using equities from home to pay for the other down payment. In 2008 when everything started crashing, we failed to liquidate on time and in 2010 ended up doing bankruptcy. Lost three of the homes and only kept our primary residence and the commercial property survived because it wasn’t worth much at the time. We got out from under $2.5 million worth of bad loans. it took another 10 years to recover our credit and now we are doing fine but we definitely learned our lesson not two spread ourselves too thin. We actually lost $1 million of our lifetimes of savings in 2010 😅
As the saying goes, if you owe 1000$ thats your problem, if you owe 1 million $, that’s the banks problem
The plant craze has come and gone, it was huge due to the pandemic and slowed down last year. People were spending 1000$s on plants. It was INSANE. I fell into it as well, though the most expensive plant I bought was $150. Now I have many pricey ($50+) plants that I just want to get rid of since they’re a pain in the ass to grow.
I must have missed that, never spent money on plants 😂
If you think credit card issuers are in the business of giving free money, I just dont really have sympathy. It isnt your high school's fault if you fail to understand nothing is free and everything you buy must be paid for.
3:54 If you are taking out a loan, the interest rate is the first thing you have to find out!! And aren't lending institutions required to publish that by law? So a ctrl+f "interest" should have got her to the information. So the actual answer is that she was so desperate for more money (like a dope addict) that she didn't *want* to know.
10:02 is really really bad. Don't marry someone in a lot of debt. Don't try to "save" them. Once you are married, you are tied together. They can go take out credit cards and rack up debt without you knowing, and it will stick to you as well since you are married. They can rack up debt, divorce you, and you will get stuck with at least part of that debt. Financial competency needs to be a first or second date topic.
$5,660/mo for rent in NYC?! I pay less than half of that monthly to own a house about an hour away from NYC… that’s absurd.
$6300 on minimum payments? Girl? How did you get that much money to borrow!? Bruh being black has its perks because they know they ain’t lending me that much 😂 keeps me out of that hole lol
I’m white and they’d never let me borrow that much
I’m white and have been denied loans, even with a good amount of money saved, a expensive car paid off as collateral as well as jewelry. Banks done see color, only money.
@@ChangYu-wi4ez ok, Buddy. Spoken just like a white guy 🤣🤣🤣🤣
Because clearly you know about the black lives experience 🤣🤣🤣
@@simonemorgan5139He’s right banks only see your score and credit profile, by law they can’t discriminate you based of skin color, religion, or sexuality orientation. I’ve never been denied funding on anything and I’m African American
@@simonemorgan5139I’m a black man and no one cares about your color ma’am, they only care about money. How does it benefit a bank not to put u in debt just because your black, ur definitely voting for Kamala Bear 😂 sis your not a victim! Cut this racist ish y’all like to put out, 2024 man damn 🤦🏾
1:55 Gambling addiction? Could have lead with that. That one right there explains it all.
Not an “addiction”. Just an excuse for poor decision making.
0:53 that is unreal, it's criminal that credit card companies can issue cards without even assessing a person's current situation
My high water mark for cc was $27k.
It took me years to pay down. I finally did it and it was so worth it. Now I have no debt at all. Life is so good.