The Credit Card Crisis Is Here: Do This Now!
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Top Comments (10)
We're fortunate enough to not have any CC debt. We pay it off every month. We live within our means without being tight wads. IF we were to ever not pay off our CC we would stop spending and only buy absolute necessities. Unfortunately, Inflation is here to stay. Tighten up folks.
For most people finance is like weight loss: the formula isn’t complicated, but the implementation hurts
Schools need to teach a class named, “How to get out of debt” clearly it is needed because people learn too late about managing their finances
Thank you for this! I have started a home school financial literacy program for my 12 year old using your videos and an online program. You have captured his attention in a way the online program has not and he actually pauses your video as he takes notes. Thank you for great content! You are magic!
This is probably going to get so much better when those age groups start being charged interest and have to resume paying on their student loans in a couple of months. Oh, wait... that was the most short-sighted, horrible plan ever.
I have never once carried over credit card debt. I pay them off at the end of every month. I make around $500 a year in cashback dollars I then use to reinvest in the stock market. People need to stop spending like they're rich when they are not.
That's why you use credit card like a debit card, only buy what you can afford and pay it off in full asap while you rack up points for free money. If you can't buy it with your debit card, don't even bother using your credit card unless you know for sure you can pay it off every month.
I like how Andrei is being open, and that he believe the economy can go either way. But just be mentally prepared. A inverted yield curve this deep and long is definitely not a good sign (and recession only happen 3-6 mths after the curve has been un-inverted)
thats odd, I am at the lowest amount of debt in my life... happy I am on the other side of this
I’m happy to say I have never been late on a credit card payment and I have never had debt.
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Top Comments (10)
We're fortunate enough to not have any CC debt. We pay it off every month. We live within our means without being tight wads. IF we were to ever not pay off our CC we would stop spending and only buy absolute necessities. Unfortunately, Inflation is here to stay. Tighten up folks.
For most people finance is like weight loss: the formula isn’t complicated, but the implementation hurts
Schools need to teach a class named, “How to get out of debt” clearly it is needed because people learn too late about managing their finances
Thank you for this! I have started a home school financial literacy program for my 12 year old using your videos and an online program. You have captured his attention in a way the online program has not and he actually pauses your video as he takes notes. Thank you for great content! You are magic!
This is probably going to get so much better when those age groups start being charged interest and have to resume paying on their student loans in a couple of months. Oh, wait... that was the most short-sighted, horrible plan ever.
I have never once carried over credit card debt. I pay them off at the end of every month. I make around $500 a year in cashback dollars I then use to reinvest in the stock market. People need to stop spending like they're rich when they are not.
That's why you use credit card like a debit card, only buy what you can afford and pay it off in full asap while you rack up points for free money. If you can't buy it with your debit card, don't even bother using your credit card unless you know for sure you can pay it off every month.
I like how Andrei is being open, and that he believe the economy can go either way. But just be mentally prepared. A inverted yield curve this deep and long is definitely not a good sign (and recession only happen 3-6 mths after the curve has been un-inverted)
thats odd, I am at the lowest amount of debt in my life... happy I am on the other side of this
I’m happy to say I have never been late on a credit card payment and I have never had debt.