"Shopping, Overspending To Blame For Consumers Credit Card Debt..." Passes $1.3 Trillion In America
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- Опубликовано: 5 дек 2023
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#antondaniels #debt #creditcards #money 
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I said it once and I will say it again, middle class America is going broke trying not to look broke.
Well said
If you want to get ahead, do the exact opposite of what everyone else is doing!
ohh.. Good one
THIS!!!!
Without undisciplined spenders, the economy wouldn’t move.
This is actually true
The western modern economy wouldn't.... But when america was on the gold standard.... the economy was rock solid.
I am pretty sure a large portion of those people have no intention of paying those debts off
I disagree. I think that they INTEND and THINK thst they can pay off the balance or at least the minimum ..They may be sorely mistaken.
It's the sand castle that no one is addressing.
everyone wants that luxury lifestyle
Then they plan on staying in detroit
this is why i stay away from credit cards
My advice: Pay that 💩 off!!!
Live within your means. Don't be lured into the trap of consumerism!
AMEN!
Lots of Beyoncé and Taylor Swift tickets were purchased with credit cards. Money that could have been used for months worth of groceries. But people will cry that they can’t afford groceries.
Live below your means. Way below......
Say that loud 🗣️ for the congregation at back of the church ⛪🙏🙏🙏🙏.
@@AlongebabyAbsolutely consider what living below your means really is all about..More like living on 1/2 of your income!!
It's going to get worse after the holidays.
Can't see how folks are still falling for the Xmas scam going out and buying all these material items going further into debt, it's only going to get worse in 2024.
Navy Federal is for former and active duty retired members, veterans and DoD members. Everybody is not allowed to join
If you know someone who was in the military they can get you an account with Navy Federal as a family member.
Navy Federal will allow immediate family of Military personnel and veterans to open accounts such as children and grandchildren. They have a system that will identify connections to family members of Military personnel
@@jamelspencer4448So basically they are enablers, allowing people to buy themselves a lifestyle they simply can't afford.
They’re still joining. I don’t even like Navy Federal anymore. Navy Federal have their own system.
i have an account with them too. I wouldn't if my mother wasn't prior service
The reason why the banks still want you to have a card is because of the transaction fees. If you spend a million dollars a year they’re still making 20k off of you.
Most of the profit these companies make profit off of the transaction fees more than getting people into debt. The people in debt go into default and don’t pay it off at all often.
Not if you pay it off before interest hits
They still make money on transaction fees every time you you use the card....that has nothing to do with interest
They also get bonuses and commissions. Every time you sign on the dotted line, you make someone rich💸💵💲💰🤑.
this is why i stay away from credit cards
it's also true for debit cards, which is why they are quickly moving us in that direction instead of cash tranactions.@@angel-ij4xv
Haven't had a credit card since 2005. Have a 19 year old Subaru that has 100,000 more miles left to go and enough in the mattress to cover a year of bills just in case. Live good and eat good and sleep good...
What happens if your mattress burns up in a fire?
@@eugeneosborn9551good question but I doubt that will happen ppl live for years that way they just don't talk I'm surprised he actually state that
@@kurtbrown5560 I think he was just using the mattress as an expression for saving your money. I actually know a few people who keep fireproof safes and lock-boxes hidden in their homes.
Same here.
I bet you black folk look at you like you're a weirdo lol
Im in so much debt after my divorce I had to start a go fund-me.
lived off my credit cards for a year now they’re maxed out, my credit dropped from 700 to 500 in two months,I also have a judgment from my last Apartment leaving my daughter and I homeless. Living with family at tines in my car.
I started my RUclips channel to change My life now monetized I’m learning how to do everything on my own, Im praying that RUclips will be my way out and change my life.
🙏🏽🙏🏽🙏🏽
Dave Ramsey sir, changed my family tree. And RUclips will not save you sir, only YOU can save you. Only you can change your life.
Yeah..
You might want to just get a job and stop living in delusion.
Youuus are a hurtin something mean.
What about a conventional job while you build your RUclips channel?
Pay debt first always
In fairness, Navy Federal is fair for service members and their dependents. I’ve been with them for over 20 years and didn’t have many problems with them at all. Only thing is, if you start missing payments or default on a loan, they will take their money straight from your account, no ifs, ands, or buts🤣
0% balance transfers are fine if you are disciplined to pay off debt and not continue to add to it. Problem is many lack discipline!
I had a really bad financial year that caused credit card debt to skyrocket but after paying 6 credit cards off with 0% interest. I am back to living below my means having paid off for a funeral and temporary insurance and tax increases.
The American consumer It’s unstoppable it’s like the increíble hulk
Word lol. It's like a baby trying to hold back a Big ass Hungry Lion when there's fresh meat in front of it.
Credit cards are like the New crack. Pick up the rock, and keep up with the Jones's 😂😂😂.
Always pay balance in full with 2% cash back. Have the bank pay you. Don’t pay interest.
Facts !
This guy always finds a way to brag about himself 😂.
As he should
Yeah, being broke and humbled is so much better. Wah.
@@mrbrown919mb not so. There are RUclipsrs worth more than ten times Anton. But they don’t brag about it. He’s kinda flashy, but I notice guys that came from nothing do it a lot. Warren Buffet drives a Volvo
@@handleyobusinessbeing rich and humble is the best.
Easy solution: Stop watching, and Keep scrolling elsewhere. 🫤
I don't have a credit card or a car note, If I can't afford it I don't need it. Had to purchase a new stove last week mine went kaput I paid cash so I have not eaten any meat for over 2 weeks and will not for a few months.
I use my credit card all the time and pay it off every month. We never pay interest. I wish they would say how much is being paid off monthly so we have an accurate number of what is being rolled over. I guess the 1 trillion sounds better.
Replace the word resilient with delusional. We are playing catch up with the time lost during the pandemic mentally and too burnt out to frugal.
You can reserve a rental car or a hotel with a debit card. But they take out so much money and hold it in are very slow to put it back on your debit account..Besides WHY would you want them to have access to your bank?
Funny 1 trillion in credit card debt is a bad thing. But on the other side of that coin is the USA is around 30 trillion in debt. We are screwed if we keep going on like this.
Big dog I have been following you all day long for the last week, while management my trucking company, fam you go hard
How's the trucking field going for ya?
Apparently you ain’t doing no work lol and why not plug yo business you liar lol
Anton speaketh wisdom. Balance transfers are "same neck, different vampire".
Between the tech layoffs and the layoffs that happen during the lockdown in 2020; a lot of people didn't have emergency funds and savings. So they paid bills using credit cards. However, a lot of those same people didn't stop unnecessary spending. And that unnecessary spending was spent on credit cards too.
Broke January-November and all of a sudden everyone rich spending for Chrimuh.😂
💯💯💸💸💸
Especially government workers.... what a great gig. Be the worst employee ever known to man..... and still receive guaranteed healthcare, guaranteed holiday pay, guaranteed vacation pay, guaranteed pension.... And virtually impossible to be fired?
Someone close to me fell for the Navy Fed Card. I really believed they played on her age and scammed her.
Because CURE DOES NOT CREATE CUSTOMERS. TREATMENT CREATE CUSTOMERS. With cures, no income... no income, you become homeless.. FREE KNOWLEDGE! that goes to ALL BUSINESSSES INCLUDING THE MEDICAL HEALTH INDUSTRY!
The holidays ain't over just yet. Ppl gotta be fresh to debt up to their eyeballs lol
You know black folk, why I don't believe in buying material things during the Xmas holiday and they look at me funny but still working while I retired at 40.
Please understand that domestic debt, stop funding foreign wars lower taxes that debt would be gone in fast
Navy Federal does have better interest rates for military families and good on Navy Federal for reducing credit limits and other stuff.
This is f**ked up!🤦🏾♂️🤦🏾♂️🤦🏾♂️
Working on this right now great advice.
Trust me, i listen with my mind when you are speaking, keep it going
More of this.... please and thank you
Navy is a really good credit union
This man is spitting facts. I know it’s gonna go over a lot of everyone’s head.
Creditors know folks ain't got the money but......🤔
5 years no credit card and I travel all the time. I rent cars and hotels all on my debit card
12/7/23...NO DEBIT CARDS b/c they're tied into/connected to your bank account.....
DANGER WILL ROBINSON!!!! ALERT! 🤖
Zero protection with debit cards.
Very understandable thou if you don’t have them if you don’t trust yourself with them.
Their is noway I can do that. If I did my bank account would be empty with a headache of bogus charges
Wonder who to blame for this??
People who are financially irresponsible spenders.
Loving this channel!
Thanks!
This has been going on for the past 40 years or so, the only difference now is, it's relatively easy to get credit.
Great episode broski! Thanks for keeping it real while being comedic and entertaining
I purchased a house with my navy Federal. Paid thr navy Federal card off 20months later. Now I have large credit and passive income. So I guess depends.
how is it even possible to save/invest when in debt (negative value)? makes zero sense. get into a zero/positive value first. then profit is actually profit. other than that it's all money going to debts that increases with inflation and interest.
Anton preaching! All facts! I detect a subtle pivot in his message as of late and I’m liking it👌🏾
Sometimes being a Deadbeat is good. Deadbeat- Person who pays the credit card balance every month to avoid interest. Discipline.
Buy what you can afford!!
Be responsible with your finances!!
As a Finnish and as part of the finnish culture, the first thing we do is always paying our debts. Here what they wrote in our history books:
"Finland’s reputation as a reliable debtor was established in 1933, when Finland paid the food loan it had obtained from the United States in 1919, in full and on time. Finland was the United States’ only debtor country that continued to pay its war-related debt until the end".
Unfortunately most Americans don't believe in this concept. They want what they want and if they can't afford it they will charge and claim bankruptcy or just not pay.
I'm glad to say I am not contributing to this debt nor car debt. Christmas is not a problem, nor is any emergency. God is good. Study the Word and what it says about debt. Not all those with eyes see nor those with ears hear.
Am in your group, the bag. Chaser, and the patreon as well
Haven’t watched in a while, but I’m back. Buddy be spitting man
Dang! People are spending like the government does.
Not a financial advisor: but INVEST and pay off student loan debt 🥃
Landlords are not making a killing because they are stuck with tenants that they cannot evict. Or property damage expenses that they cannot afford. Especially if rent control is 3% and labor/materials/increased HOA, insurance & taxes are as much as 600%. higher. like in Florida..even if only doubled expenses the math doesn't = landlord "wealth".
A slave to the lender. 😢
Not a viable way of living long term.
Anton you bringing good content keep it up brother
Pause I thought ppl need a family member or that person had to be in or is in the military. To even open up a navy federal credit account. I have one thanks to my pops. But why would you scam them? They have been great to me.
Knows he brags too much, continues to brag 😂
Aside for babies and children what on earth is people wanting especially teenagers since all they want are iPhones and games that can be downloaded after payment.😒
My good man, you are a gem 💎 speaking from my heart
Car-Mart is one of the largest 2nd chance dealership companies, but failed miserably on earnings 2 days ago... The reason? Sub prime loan customer defaults.
I have no credit cards & havent most of my adult life. My late husband & I briefly had a couple cards but cut them up & am glad we did. Would they come in handy sometimes, living on a fixed income? Yes, however, I do like I always have, save up if I want something, although that was easier under Trump & extremely difficult with everything so much higher!
You can buy a can of newcar smell and use it on your old car.
I contributed 0 dollars to the us credit debt
I do not feel compelled to pay for my children's college education..Fortunately there are many states where college is free. In Minnesota if your family earns less than $80,000 tuition at a state college is free. Highschool gradusres of Chico California go to college free..At least 7 ststes are free if you maintained a B average in highschool.There's a book to graduate from college using scholarships ..
Anton bro, learn the art of Stealth Wealth. You share too much detail on what you're doing with your money. Not everyone watching is your friend.
There's a financial system that is prosperous. And there's a financial system that disastrous for most (credit) because we're not raised how it works. And because of that most most Americans are in financial slavery. Once enslaved you go deeper and deeper into debt. We rob Peter to pay Paul. The said part of this is we past this to our offspring. Buy the time our children reach 21 to 25 there in financial trouble. And because the parents didn't teach the offspring discipline with credit. A whole generation is doomed. And the vicious cycle continues 😢
Run the play!
I hate credit cards with a passion. I still use them but pay them off with a quickness.
As for me and my house, we will pay the credit card off in full, each month.
keep spending the kids are stupid, laughing.
A aton i have a question I remember in the past you stated that we should max out our retirement SAVINGS I just want a little bit more clarity since I know you know what you’re talking about. I have a TSP the new rate 2023 is going to be 23,000 so should I put 16,000 in my TSP as a traditional deferred and put $7000 into a Roth IRA to equal 23,000. I just wanna make sure if this strategy makes sense. I’ve been working for many years not utilizing my retirement fund in the correct way. I know better now and I wanna do better so I’m asking someone that I know that no better, thank you
Oh well.....
Anton cant get a Navy Federal account LOL
And sorry they offer some of the BEST rates out there. I love them.
Fort worth Texas bro
Cabela's has a nice Taxidermy museum, it's free. Lions, and deer and bobcats. Also cool historic guns on consignment.
It's not about you. But everything every video seems to be about him. Never seen something like this before.
Cause you payin full each month
Jewels as usual
But CDs, save, budget and live a moderate lifestyle. Don't believe the hype. The cash back cards that black celebrities are promoting will lead to poverty and disappointment. The cashback doesn't really help when you only make minimum payments on high interest (20-29%) unsecured debt. If you can't pay cash, you probably don't need it. I'll take the CD at 5% to 5.4%, with the FDIC insurance.
People need to live below there means.stuff don't buy happy ness..
😊
Find jobs that pay you every week. Running the play is why so many here! HIM500 etc etc and others
Once I pay this car off I’m not gonna back without cash
I'm noting going to make it about me, but I will infer it. Can't make this shit up. It is comedy
Join the military. Great educational benefits.
Anton speak 🗣️ money move but fail to do his own homework 📚 why having a NFCU account was good for most people I rock 🪨 with you but go do your damn homework @anton 😅
So sad. So happy God made me gay.. can't imagine the struggles of raising children. I think there are a lot of others who didn't want to have children either and just did it because of naggy society. Good luck y'all.
God didn’t make you gay 😂
When it comes to planning for the future of the majority of people incompetent with everything.
???
When I’m older I know my kids will be there if I need help.
Thanks!