@PerfectHandProductions
For the first time in my life, I'll be 100% debt free in the next three weeks. Never falling into that trap again.
@tatianastarcic
America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.
@TheAlicelagoon
My house is too small and quite cold in the winter, but I love that I can afford it.
@kitsiewr
Because EVERYTHING costs so damn much more !!! Insurance, taxes, utilities, groceries just skyrocket. 🤬🤬🤬
@Lady.Luck.
Im so glad i listened to dave Ramsey and got out of debt and didn't rely on credit cards
@jerryandre3270
I sometimes look at youtube videos from the 1950's and 1960's. America was more simple, nobody took more debt than they could afford. People lived within their means. Immigration was controlled. Schools were safe. People went to church. Family was important..... We lost our way
@CalebMartin2U
Our economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
@annturk326
My sister called me last night sounding upset. She has racked up $50,000 in credit debt over the past 3 years!!!😢 Terrible situation. Both she and her husband work full time. Ridiculous….and very sad.
@Vincent-j8u
It's sad how difficult things have become in the present generation. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
@SylviaBrown-k3l
My first job $5.00 hr. Retired $9.75. essential worker. Raised a family, purchased a brick home in 1984. High credit score, saving. As a baby boomer know the difference between wants and needs. That takes sacrifice. Keeping up with the Jones is not an option.
@therealdallas4lyfe
The last foster family I lived with as a kid taught me about living within my means. As a foster kid you typically learn more things you have to unlearn than things that prove to be useful life long lessons. That one lesson I have to admit changed the trajectory of my life. As a result, I am a homeowner in no debt beyond my mortgage...AS A FOSTER KID. If I can do it anyone can. Love this channel. Thank you!
@InvisibleWarrior279
Smartest thing you can do in life is avoiding unsecured debt. That is a game you will never win. You are better off broke than saddled with 25% interest.
@angelagrant9163
Only $200 to pay off. My credit score is 780. No mortgage, no car payment, ❤
@fburky
Whats interesting is that because we pay our only credit card off every month, i cant remember the last time we got a credit card offer in the mail. Used to get several a week. Guess theyve realized they wont make any money off of us.
@b-art6098
As someone who has overcome significant debt, including credit card debt, here is my advice: drop ALL vices and prioritize your health first. Being well nourished ( no junk food ), fit, and mentally resilient will help you overcome challenges more than anything else. You'll need all the energy, focus, and mental clarity to pull yourself out of the black hole of debt. Even other people respond better to you when you're fit and healthy and that creates some opportunities that would not be there otherwise. Yes, it may seem shallow, but that's the reality.
@wespotter6985
Using your car as collateral is a good way to lose the car.
@Tamara_W
Everything is so expensive that many are subsidizing using credit cards for groceries, medical, gas, or utility bills.
@rashadthewealthcoach
My wife and I are “deadbeat” borrowers. The credit card companies hate us because we churn them all and pay zero interest.
@taylork24ce
Here in South Florida it's like a fantasy world we have very wealthy people and then we have those that are up to their eyeballs in debt trying to look like they're wealthy
@MichaelBordenaro