Broke as fuck and no man's bitch is a good thing to be. 'He who possesseth little is so much the less possessed. Glory be to moderate poverty!' - Nietzsche
I show this in my financial literacy 30 class every semester when I introduce Credit. It's such a simple concept, yet so hard for many to grasp. Teach them young and hopefully they'll make great financial choices when credit becomes available to them. Thanks for the skit!
@@lostconciousness4255 there's a huge difference between having low income while buying only necessities and buying shit you don't need and somehow being surprised you can't pay the bills.
The fact that this doesn’t have more like shows exactly what’s wrong with our country… well, 1 of the things. Thank you for helping teach and raise our youth 💯
I've watched this video during our debt free journey and took it to heart, fast forward to 2022 and this years is the last year of our mortgage being paid off, our last debt. It was a well worth sacrifice.
That's great! See and you didn't even need to buy the free book. I got lucky in a way, my fiance had all our credit cards in his name and then he died. Because we weren't married I'm not responsible for any of the debt so we wound up getting like $12k worth of free stuff.
@@rosequartz4102 I'm sorry for your loss. It's nice that you can look at the good side of that debt. They probably would be glad they didn't leave you with it.
@@giantfatberg Why would they teach this in school? The education system is designed to feed itself. That means selling you on continuing schooling that may not help you, but lines their pockets. It's almost MLM at this point! :T
As an A/C contractor, I’ve seen people with brand new cars in the driveway, brand new furniture and electronics, but can’t even get a $2,000 loan to fix their A/C in the Texas summer. Sad.
Of the people I know, the type of car someone drives seems to have no relation to how much they make. This is why I have no sense about how well off someone is based on the type of car someone drives. That said, at least I know anyone driving an older non-luxury vehicle is not being an idiot with their purchases -- if they are poor, they are buying something economical, while if they are rich they are saving tons of money.
@@Skipbo000 in the south the heat can literally kill you if you dont have AC, its very reasonable to get a loan for that especially since its a big purchase, you could buya shitty used car for the same price as an AC unit
That's nothing when I worked in collections you should of seen how many entitled doctors were in debt and they would be like call me doctor as I was telling them they were past due😂
@@Warsie Yes, I remember the saying, "It takes money to make money." That is often true when looking at investing. However, I believe there are ways you can make money without spending it - for example, you could sell something you inherited. My dad's saying was always in response to something being "on sale" - in other words a markdown of the original price - in response to someone telling him how much he would save by buying x, y, z due to the "sale."
I think this sketch is more for people who use what little they have for unnecessary things like pressure cookers or new slippers when they have a pair already. Or even crazy expensive toys for their kids knowing they don't have the money to get them food for the next day. I know this is a joke but some people might actually think this sketch is telling people not to buy NECESSARY things. Food, clothes and bills should be top priority. Everything else falls in line when you save what you have and know that you have it.
@@BasedBlackGirl_ you have a clear misunderstanding of what a good crock pot pressure cooker or other useful items can do in place of an oven. If you cook at home and you don't have outstanding debts. Live within your means folks. Its easier to cover debts if you have money versus going broke and getting broker trying to get unbroke. Its also a lot easier if you don't go making decisions about importan financial matters during times when emotional response is high, so when you're tired have had a terrible accident, something of a serious tragedy are sleepy, angry feeling or otherwise compromised, pardon my rambling. Thank you kindly for coming to my ted talk, and for listening to my rambling on the internet! You get a gold star, a cookie and a unicorn 🦄, 🌟 , 🍪 🥠 🍪 Your fortune says be excellent to each other, and party on dudes, more or equally important to consider being excellent to yourself as well. #treatYoSelf2020
@@timothyfloogle clearly you misunderstood my comment. If you do not have the money, DO NOT buy a rice cooker. Find a pot that works just as well. Read your comment over. You even said if you have the money, you can buy it. Clearly this comment is about those who DON'T have it. Don't waste money on things you don't need.
I think SNL now qualifies as educational programming. I mean, you think it's a comedy skit, but honestly, it's the money advice 99% of America needs to hear.
I use this video for the financial planning advice, but it also illustrates conversations I've had over the years with idiots that seem to go in circles...
But what if the things they need to buy are basic needs, like healthcare or rent? Do you have any idea how much a hospital visit costs? How about medication for a chronic condition. Sometimes you can't just "not buy stuff", because you actually need that stuff to live.
@@pink-roses-and-scarlet-skies I understand your point. However, while there are people who, sadly, find themselves unable to buy actual necessities, the couple in the sketch talk about buying things they want, not things that they need. They ask, "What if I want something?" not "What if I need something?" A lot of people get in trouble buying things they can do without.
When I was about 20 I got into serious trouble with a credit card. Serious trouble was $120. Ever since I don't buy anything unless I can pay cash or pay the credit card off the next day.
I feel we need a version of this for people who watch shows they don't like. "I don't like the new Star Wars show. What should I do?" "Don't watch it."
Remember when stores offered to buy stuff on “layaway”? You could put a deposit on a dress, the store would keep it (no fee, no interest) for you until you came back a week later with the balance. Credit card companies made sure that option disappeared.
You can't be that naive/young. You REALLY don't understand why local stores don't accept checks and promissory notes anymore? Have you never seen all those signs in store that say "due to too many checks without funds we don't accept checks anymore"?
@@MrHerecomesjohnny Layaway didn’t involve cheques or promissory notes. Your point makes no sense. I am 50 years old and worked in an independant clothing store from 1987-1996. What’s your specialization, other than being insulting on the internet?
@@Gaming4BoringGrownUps Walmart does it at Christmas. The reason most places don't offer it anymore is because they lack the space to store all the layaway product and because it become such a fight with people over deposits if they failed to pick their item up in time.
The US government functions in more ways than you are capable of knowing, but its ability to invest, issue, trade, leverage, inflate, print and destroy its own currency is actually quite interesting and indeed, very functional. We would not have the world's largest economy if not for the power we grant the treasury and Fed to manage it.
Except if this was a real infomercial the book would “only” cost 4 easy payments of $39.99, and even after an hour you wouldn’t learn anything about the “amazing method to get out of debt” until you bought the book.
Or it would be a one hour commercial of a guy saying: "there is one easy trick to avoid debt that credit card companies don't want you to know, and I will tell it to you right now. But first: let me tell you about me. You might not believe this, but I used to be drowning in debt, but then I learned this one easy trick. You will be amazed how simple the trick is. Anyone can do this one trick, it's so simple. I am going to tell you the trick, then you will be able to turn your life around just like I did. I used to have credit card bills literally clogging up my mailbox, and now: I don't have that particular problem.i may only have one car now, but thanks to this one trick: I will still have it next month. Also, I am having way more sex. Now, I will tell you this one trick, but I should warn you, it may ruin shopping for you forever. From now on, when you buy things, you are making a commitment to them not being repossessed. Okay. Here's the trick. The one trick. The one trick which will let you avoid debt. Now here is the one trick credit card companies and banks don't want you to know. You probably haven't heard of it before because banks and credit card companies make money when you can't pay your fees, but with this one trick, you won't have to worry about that ever again. Alright, here's the trick. Pay $200 across six months to get the 12 disc lesson on my one trick to avoid debt.
The joke is the book is free because it's common sense advice. Pretty much like Dave Ramsey's advice, "get out of debt by not spending more money and paying down what you owe." Amazing!
Yep, was expecting at least $9.95 for 'shipping & handling' as per myriadds ( sic ) of yore. So glad to be CC dept free yet gettin' a bit antsy about the market:/. 98.6% chance my FA will say 'stay the course' but did mention possible 'correction'. A la 1929 ( no, wasn't around then) but sure took a bad beating in '08..
I find interesting that this sketch was released a year before financial crisis in America, which was all about bad debts. Comedians tried to warn us, but we weren't listening((
@@onurozbek2033 To some extent - sure, but it's not only credit/mortgage organisations' fault. People went into debt they knew they could't afford - out of greed, misinformation, unrealistic desires or hopes of outplaying the market. If the terms of having a house are too good - you should stop for a minute and find out where's the catch.
@@MrFoxett those loans schemes were straight up fraud. They gave the loans to people they KNEW couldn't afford them and then immediately sold the loan to someone else.
Actually I think the American crisis is the widening wealth gap caused by the rich purchasing politicians to further rig the economy in their favor. We’re in the later stages of capitalism.
@@Dougy359 : No, Alan's right. The ultra-wealthy and the giant mega-corporations have rigged the system to ensure that they get richer still, at the expense of everyone else. Over the last several decades, wages have stagnated while corporate profits have soared. With an assist by the Supreme Court, Corporate America has been able to insulate itself from class action lawsuits and force workers and consumers to give up their right to go to court when they get ripped off. _(AT&T Mobility v. Concepcion,_ 2011) Also with help from the Supreme Court, corporations have exempted themselves from limits on campaign contributions. _(Citizens United,_ 2010) And now the Supreme Court is more conservative than ever. And how is it that every industrialized country in the world has affordable universal health insurance *_except_* the United States? Meanwhile, here in the U.S., we pay more than twice as much as the rest of the world for healthcare, both on a GDP and per capita basis, and we _still_ don't cover everybody! And medical bills are the #1 cause of personal bankruptcies. The real question is why the people aren't outraged by this. Apparently they've been bamboozled by conservative pro-business politicians who enjoy the financial support of the giant corporations who benefit from their policies.
Me too! But it was terrible advice and fucked me hard. 6 years ago a small house was 350k. Now it's 800k. If I had just bought.. now I'm priced out.. I'm an idiot and was afraid of taking a loan and now I'll never own lololol just kill me lololol
Over and Underrated comments always crack me up - they’re used by posters who don’t have anything meaningful to say. “I like Chris Parnell and not everyone in the world agrees with me, so I’ll just say he’s underrated and that’s my contribution to the conversation.”
Only problem is that most things in the us require you to go into debt. Student loans, car loans, buisnesses loans, cellphone contracts, mortgages, insurance premiums and medical bills. Everything is made deliberately expensive so you will have to go into debt at some point if you live in America. Paying back debts is also necessary for a good credit score, if you don't buy shit you will never have a good credit score to buy shit you might need in the future.
@Strongj I personally don't know anyone under the age of 35 without mortgage, car lease, credit card or cell phone plan. Those are all forms of debt. I don't know what you mean by no debt. This generation is going to continue to accrue debt faster than any previous one so that's something too.
@Strongj i consider a mortgage unnecessary debt as homes are unnecessarily expensive. People talk about property values going up like it is a good thing.
@Strongj Only if one plans to sell it for profit which I find highly offensive. Houses are for people to live in, not to get rich off and they shouldn't take until near retirement to pay for. Property values go up so does how much tax you have to pay also, which who wants to pay more tax.
All of those, with the exception of medical bills, can be managed. Go to community college or trade school instead of an expensive university. Don’t buy a new car, save up for a used one instead. No need for a big fancy house, get something smaller with a payment that won’t leave you strapped for cash.
I use my card for almost everything, but I pay it all off every month. My APR is 29%. My cash rewards are 2%. You can see how easy it is to get into trouble! However, it's just as easy to stay out of trouble, with a little self control! :)
@@jessemoran6070 1) Moving costs money too 2) Maybe their hours at work have been cut, but they’re hoping that this will be temporary 3) You have no idea where they live 4) Maybe they’ve just lost their jobs and have gone through their savings 5) You don’t know what other expenses they have You sound like a kid
@@GadereneLegion maybe they didn't plan ahead for anything, maybe they never tried to save any money, maybe they pay for cable packages, streaming packages, lease new cars, go out to eat way too often, and generally have no self control when it comes to wants vs actual necessity. Maybe a lot of things - you also sound like a child.
I actually started to write out my situation and then I thought, that would be a waste of time to argue my personal situation with people on the internet. But if you truly believe that people who lose their assets and are forced to make tough decisions because they have financial loss are merely wasteful and foolish with their finances, I hope you can stay in that fantasy. I really do, I really hope reality never touches you.
I always save at least 40% of my income since my first job in college. It's not easy, and (almost all) my friends say I'm stupid because I never buy any gadget or cute clothes unless I really, really, really.. have to, like when my phone stolen or my shoes and bag broken.
I feel you, but I try so hard to save up to possibly 70% of my salary. My sister borrowed money from me all the time, but whenever I tried to save up some coins by searching for a cheaper place to shop or simply not buying things at all, she mocked me =_=
+Ha Ran Jung yea i too have a friend who often asks me to go eat at expensive places, i refuse most of the time which kinda annoys her. Then one time she was actually surprised at how i could have money in my bank account. wtf i was like, u can save too u know.
what is the point of having money if ur not spending or using it. money is a form energy and should never be saved or piled up. what happens to water if it sits still too long?
This is more than a little condescending coming from comedians who have plenty of disposable income to spend and don't really have to go save up to get the kinds of things most people are buying on credit. We live in an economy that is driven by personal debt. If people didn't take advantage of cheap credit the whole thing would come crashing down.
This was from 2006. The writer now writes self-help books for teenagers. His most recent one is called "How to get a job in today's economy." It recommends putting the book down, walking to the nearest fast food restaurant, and filling out an application. I bought his "How to not get knocked up" for my teenaged daughter. It's a 3 X 5 index card with one sentence: Don't have sex with a guy.
Except the entire pipeline from being working class to "investor class" is predicated on borrowing money you don't have, and then juggling revenue streams in order to pay your debts as they come due. I've always refused to borrow money. I have 20k in the bank, held the same job for 5 years, and somehow can't get a loan to buy a house that's only 60k.
Meanwhile irresponsible Jerks who impulse buy but pay thier bills on time got approved for a $299,000 housing loan that appreciate 60k It's literally all speculation
You don't NEED a $59k BMW to get to work. You don't need a $10k SUV. Plenty of cars available for $5k or less, and if you HAVE to get a loan pay it back fast. Then save up till your trade in plus savings covers the car you want.
This reminds me of a MadTv sketch about the latest dieting technique. A program called “Eat Less, Move More”. Sounds complicated, how does it work? Lol 😂
Laugh all you want, but sometimes the stuff you can't afford is the stuff you need to live, like utility bills or medicine. In other words, sometimes you don't really have a choice. Not everyone ends up with credit card debt from buying stuff they want but don't actually need.
I feel like outside of the US, this sketch doesn’t land the same way, where credit card debt is less common. Still, hilarious sketch. Martin is so good at playing a doofus.
The point here isn't to make fun of people who are homeless through no fault of their own or who have been bankrupted by medical expenses. It's to satirize useless consumer spending to keep up with all of the other idiots making frivolous consumer purchases.
I find it funny that every single person in this sketch can afford to buy a new car. Meanwhile, I can't even afford to get mine fixed, and my husband's diabetes medication keeps getting more expensive.
You didn't work hard enough, you don't deserve it, you're just not good enough. They are celebrities and they are perfect you insignificant pleb. American logic in a nutshell.
Can’t get to work if you don’t have a car, can’t make money if you’ve lost your feet, go blind, or have to spend three days a week in dialysis. Our healthcare system is supposedly the best in the world, but if you’re poor it doesn’t matter.
@@GHC3 I promise you that Canada is better, especially with regards to managing diabetes. The myth that American healthcare is superior was perpetuated by insurance companies who didn’t want the government to interfere with the industry. It’s a lie.
A huge amount of debt in the US comes from medical bills and student loans. A car is an absolute necessity in most parts of the country, so that debt is rarely frivolous. Then we have home debt, which is usually good debt to hold. It’s a cute sketch, I’m just not sure who it applies to. Then again, I exist in humble circles, so perhaps these credit card millionaires are everywhere and I just don’t know them.
The sponsors of SNL figure that by having this message on a comedy show, no one will believe it should be followed, so they will not be harmed, And, the network figures it is a Public Service Announcement (PSA) in disguise, so the network adds it to the FCC file to show the network is offering a community benefit. And the performers think they are clever in putting one over the sponsors and the producers. Win-Win-Win.
And the nation passed the $1 Trillion mark in personal credit debt this year (2023) for the first time ever. Apparently, not enough Americans have seen this sketch.
I took this advice to heart.
I'm still broke as f*ck, but at least now I don't owe money to anyone.
+ilvanezzo And so now you get to keep your kneecaps! :D
+ilvanezzo then you are part of the 25%
Broke as fuck and no man's bitch is a good thing to be. 'He who possesseth little is so much the less possessed. Glory be to moderate poverty!' - Nietzsche
Thats a rare satisfying oasis place to be
Thats the Best bottom line.
I show this in my financial literacy 30 class every semester when I introduce Credit. It's such a simple concept, yet so hard for many to grasp. Teach them young and hopefully they'll make great financial choices when credit becomes available to them. Thanks for the skit!
do you also tell them, "if you're poor, earn more money!"
@@lostconciousness4255Actually it’s “if your poor then get a job.” That is someone that less and less people can proses.
@@lostconciousness4255 What else should they be trying to do 🫠
@@lostconciousness4255 there's a huge difference between having low income while buying only necessities and buying shit you don't need and somehow being surprised you can't pay the bills.
The fact that this doesn’t have more like shows exactly what’s wrong with our country… well, 1 of the things. Thank you for helping teach and raise our youth 💯
I love Steve Martin’s confused and dumb expression.
He's found his special purpose.
@@rubert134😂
It looks more like he's trying really hard not to laugh or smile.
I've watched this video during our debt free journey and took it to heart, fast forward to 2022 and this years is the last year of our mortgage being paid off, our last debt. It was a well worth sacrifice.
It’s 2/3/22 and I found this clip dust now and I’m glad I have no major debt.
a mortgage is a good debt to have, get all that money back and then some.
That's great! See and you didn't even need to buy the free book. I got lucky in a way, my fiance had all our credit cards in his name and then he died. Because we weren't married I'm not responsible for any of the debt so we wound up getting like $12k worth of free stuff.
@@rosequartz4102 I'm sorry for your loss. It's nice that you can look at the good side of that debt. They probably would be glad they didn't leave you with it.
@@Martel4 I think so too. Thank you. 🙂
I love showing this to my kids because it's hilarious, practical, and completely rated G.
And they don’t teach it in school
I'd love to show this to the government.
@@giantfatbergThe fact that you say something like this speaks much of how dumb americans are.
@@giantfatberg Why would they teach this in school? The education system is designed to feed itself.
That means selling you on continuing schooling that may not help you, but lines their pockets. It's almost MLM at this point! :T
@@jamesgizassontouché
This is Dave Ramsey's favorite sketch.
I just came here to get the link after commenting "Dave Ramsey's show could be an SNL sketch on repeat"
I came here to copy and paste this video on a Dave Ramsey post on Facebook haha
This is almost as confusing as how not to get an ass-whuppin from the police. Rule #1 obey the law. rule #2 turn that S#!+ down. Rule #3 be polite.
Suzy Ormans too
It's one of the greatest.
As an A/C contractor, I’ve seen people with brand new cars in the driveway, brand new furniture and electronics, but can’t even get a $2,000 loan to fix their A/C in the Texas summer. Sad.
Of the people I know, the type of car someone drives seems to have no relation to how much they make. This is why I have no sense about how well off someone is based on the type of car someone drives. That said, at least I know anyone driving an older non-luxury vehicle is not being an idiot with their purchases -- if they are poor, they are buying something economical, while if they are rich they are saving tons of money.
who gives out loans to fix A/C?
@@Skipbo000 Any bank your in good standing with
@@Skipbo000 in the south the heat can literally kill you if you dont have AC, its very reasonable to get a loan for that especially since its a big purchase, you could buya shitty used car for the same price as an AC unit
That's nothing when I worked in collections you should of seen how many entitled doctors were in debt and they would be like call me doctor as I was telling them they were past due😂
If I keep listening to this, I just know I'll grasp it with time.
I figured it out: If I buy stuff when I have no money, then I'll have it. That's the lesson, right?
@@DunmoresMovieMania You will have it, but "it" will be debt.
I think of this skit ALL THE TIME
Chapter 3 but only one page long. Lololol.
Also, Steve Martin's confused face is hilarious.
Yes! Excellllllent actors!
This is actually an excellent piece of advice. :p
yeah but this is so obvious and many people still don't get it
But what if I have no money, and still want to buy something?
@Stan Lee The downside is living in debt :)
Its a reverse psychology, they actually want you to go on debt. Consumerism. But when you take this to heart, you wont find it funny and you win.
@Stan Lee If you never pay off your debt I don't think your credit card company is going to approve you to make more purchases
SNL, I didn't ask for this personal attack
My dad always told me, "You can't save money by spending it."
It's funny as there's that opposite saying saying you can't make money without spending it. Guess both are true in different contexts.
@@Warsie Yes, I remember the saying, "It takes money to make money." That is often true when looking at investing. However, I believe there are ways you can make money without spending it - for example, you could sell something you inherited. My dad's saying was always in response to something being "on sale" - in other words a markdown of the original price - in response to someone telling him how much he would save by buying x, y, z due to the "sale."
@@krankrocker I was going more for the "money to go to and from jobs" or something like that or money to apply for jobs.
Weird Al told me "If money can't buy happiness, I guess I'll have to rent it."
@@krankrocker It's marked up to begin with, before the imaginary sale.
"The quickest way to double your money is to fold it once and put it in your pocket."
And the best way to quadruple your money is to invest it. Stocks Index, collectibles like comic books, sport cards, etc. Buy Low and sell High.
It's sad how many people need to hear this
My financial literacy teacher once told me, "The best time to get a loan is never."
Boy: But what if I need to buy a house
Man: Then save up son.
No joke I agree with you and can not stand people who do not save up for things.
2023: Don't buy food neither
Omg i rmr this sketch when it originally aired. I was watching with my deadbeat ex. I was laughing, he wasn't. Changed my life lol.
It’s in the book and it’s only 1 page long lmbo 😂
I love this. I can watch it over and over. Credit card debt is no joke
Yeah I would choose falling into a tiger trap in the middle of a jungle over the credit card trap any day.
Americans without health insurance: guess I’ll die
+
I think this sketch is more for people who use what little they have for unnecessary things like pressure cookers or new slippers when they have a pair already. Or even crazy expensive toys for their kids knowing they don't have the money to get them food for the next day. I know this is a joke but some people might actually think this sketch is telling people not to buy NECESSARY things. Food, clothes and bills should be top priority. Everything else falls in line when you save what you have and know that you have it.
@@BasedBlackGirl_ you have a clear misunderstanding of what a good crock pot pressure cooker or other useful items can do in place of an oven. If you cook at home and you don't have outstanding debts. Live within your means folks. Its easier to cover debts if you have money versus going broke and getting broker trying to get unbroke. Its also a lot easier if you don't go making decisions about importan financial matters during times when emotional response is high, so when you're tired have had a terrible accident, something of a serious tragedy are sleepy, angry feeling or otherwise compromised, pardon my rambling. Thank you kindly for coming to my ted talk, and for listening to my rambling on the internet! You get a gold star, a cookie and a unicorn 🦄, 🌟 , 🍪 🥠 🍪
Your fortune says be excellent to each other, and party on dudes, more or equally important to consider being excellent to yourself as well. #treatYoSelf2020
@@timothyfloogle clearly you misunderstood my comment. If you do not have the money, DO NOT buy a rice cooker. Find a pot that works just as well. Read your comment over. You even said if you have the money, you can buy it. Clearly this comment is about those who DON'T have it. Don't waste money on things you don't need.
Medical debt is the #1 cause of debt
This should be a real printed pamphlet
It was a free booklet made/distributed during the 1920s by a U.S. banker and called, "The Richest Man in Babylon".
I think SNL now qualifies as educational programming. I mean, you think it's a comedy skit, but honestly, it's the money advice 99% of America needs to hear.
Lies again? Dallas Bull S**t
I use this video for the financial planning advice, but it also illustrates conversations I've had over the years with idiots that seem to go in circles...
But what if the things they need to buy are basic needs, like healthcare or rent? Do you have any idea how much a hospital visit costs? How about medication for a chronic condition. Sometimes you can't just "not buy stuff", because you actually need that stuff to live.
@@pink-roses-and-scarlet-skies healthcare in civilized countries is free. So yeah...
@@pink-roses-and-scarlet-skies I understand your point. However, while there are people who, sadly, find themselves unable to buy actual necessities, the couple in the sketch talk about buying things they want, not things that they need. They ask, "What if I want something?" not "What if I need something?" A lot of people get in trouble buying things they can do without.
When I was about 20 I got into serious trouble with a credit card. Serious trouble was $120. Ever since I don't buy anything unless I can pay cash or pay the credit card off the next day.
I feel we need a version of this for people who watch shows they don't like.
"I don't like the new Star Wars show. What should I do?"
"Don't watch it."
And that is happening.
Remember when stores offered to buy stuff on “layaway”? You could put a deposit on a dress, the store would keep it (no fee, no interest) for you until you came back a week later with the balance. Credit card companies made sure that option disappeared.
You can't be that naive/young. You REALLY don't understand why local stores don't accept checks and promissory notes anymore? Have you never seen all those signs in store that say "due to too many checks without funds we don't accept checks anymore"?
@@MrHerecomesjohnny Layaway didn’t involve cheques or promissory notes. Your point makes no sense. I am 50 years old and worked in an independant clothing store from 1987-1996. What’s your specialization, other than being insulting on the internet?
@@GrisouIII labor law. And it's easy to figure out why stores take less credit these days
@@MrHerecomesjohnny Wal-Mart still does layaway some months of the year
@@Gaming4BoringGrownUps Walmart does it at Christmas. The reason most places don't offer it anymore is because they lack the space to store all the layaway product and because it become such a fight with people over deposits if they failed to pick their item up in time.
Most people probably got better financial advice from this 2 and a 1/2 minute video than they get in all their lifetimes
U.S. government: “I don’t understand...”
Gold
Governments are not business
Households are not business
You’re being lied to
The US government functions in more ways than you are capable of knowing, but its ability to invest, issue, trade, leverage, inflate, print and destroy its own currency is actually quite interesting and indeed, very functional. We would not have the world's largest economy if not for the power we grant the treasury and Fed to manage it.
@@cameronwilliamloomis almost like it is a government
Governments govern
@@rayhill5767 Who said they are? The point of not spending more than you hav e still applies.
Except if this was a real infomercial the book would “only” cost 4 easy payments of $39.99, and even after an hour you wouldn’t learn anything about the “amazing method to get out of debt” until you bought the book.
Or it would be a one hour commercial of a guy saying: "there is one easy trick to avoid debt that credit card companies don't want you to know, and I will tell it to you right now. But first: let me tell you about me. You might not believe this, but I used to be drowning in debt, but then I learned this one easy trick. You will be amazed how simple the trick is. Anyone can do this one trick, it's so simple. I am going to tell you the trick, then you will be able to turn your life around just like I did. I used to have credit card bills literally clogging up my mailbox, and now: I don't have that particular problem.i may only have one car now, but thanks to this one trick: I will still have it next month. Also, I am having way more sex. Now, I will tell you this one trick, but I should warn you, it may ruin shopping for you forever. From now on, when you buy things, you are making a commitment to them not being repossessed. Okay. Here's the trick. The one trick. The one trick which will let you avoid debt. Now here is the one trick credit card companies and banks don't want you to know. You probably haven't heard of it before because banks and credit card companies make money when you can't pay your fees, but with this one trick, you won't have to worry about that ever again. Alright, here's the trick.
Pay $200 across six months to get the 12 disc lesson on my one trick to avoid debt.
The joke is the book is free because it's common sense advice. Pretty much like Dave Ramsey's advice, "get out of debt by not spending more money and paying down what you owe." Amazing!
@@tyrant-den884 -- You conned us into listening to your speech about one easy trick by talking about one easy trick.
Yep, was expecting at least $9.95 for 'shipping & handling' as per myriadds ( sic ) of yore.
So glad to be CC dept free yet gettin' a bit antsy about the market:/. 98.6% chance my FA will say 'stay the course' but did mention possible 'correction'.
A la 1929 ( no, wasn't around then) but sure took a bad beating in '08..
I was waiting for: "only 49.99 for shipping and handling!"
Dave Ramsey wrote this sketch
This is now on my “Important Things” playlist
As ridiculous as Steve’s answers were, I know people like that! They just don’t get it!
I find interesting that this sketch was released a year before financial crisis in America, which was all about bad debts. Comedians tried to warn us, but we weren't listening((
two and a half year actually
You think Americans JUST started getting into debt??
The financial crisis being because of bad debt was just Wall Street using poor Americans as scapegoat..
@@onurozbek2033 To some extent - sure, but it's not only credit/mortgage organisations' fault. People went into debt they knew they could't afford - out of greed, misinformation, unrealistic desires or hopes of outplaying the market. If the terms of having a house are too good - you should stop for a minute and find out where's the catch.
@@MrFoxett those loans schemes were straight up fraud. They gave the loans to people they KNEW couldn't afford them and then immediately sold the loan to someone else.
American crisis in one sketch
Actually I think the American crisis is the widening wealth gap caused by the rich purchasing politicians to further rig the economy in their favor. We’re in the later stages of capitalism.
@@alanhamilton3789 found the filthy commie
@@Dougy359 : No, Alan's right. The ultra-wealthy and the giant mega-corporations have rigged the system to ensure that they get richer still, at the expense of everyone else.
Over the last several decades, wages have stagnated while corporate profits have soared. With an assist by the Supreme Court, Corporate America has been able to insulate itself from class action lawsuits and force workers and consumers to give up their right to go to court when they get ripped off. _(AT&T Mobility v. Concepcion,_ 2011)
Also with help from the Supreme Court, corporations have exempted themselves from limits on campaign contributions. _(Citizens United,_ 2010)
And now the Supreme Court is more conservative than ever.
And how is it that every industrialized country in the world has affordable universal health insurance *_except_* the United States? Meanwhile, here in the U.S., we pay more than twice as much as the rest of the world for healthcare, both on a GDP and per capita basis, and we _still_ don't cover everybody! And medical bills are the #1 cause of personal bankruptcies.
The real question is why the people aren't outraged by this. Apparently they've been bamboozled by conservative pro-business politicians who enjoy the financial support of the giant corporations who benefit from their policies.
At least, Domestic economy in one sketch. I mean... Why to buy stuff you can't afford and don't need?
@@Milesco anybody who has every used the phrase “late stage capitalism” casually is a filthy commie and a moron. Fact.
It's only one page long! 😂😂😂😂😂
Still, there's sooo many people can't memorize it!!!
This has always stuck with me, believe me, it really works!
Me too! But it was terrible advice and fucked me hard. 6 years ago a small house was 350k. Now it's 800k. If I had just bought.. now I'm priced out.. I'm an idiot and was afraid of taking a loan and now I'll never own lololol just kill me lololol
The voices and faces are perfect
This reminds me of the single sentence weight loss book I once wrote. "Stop eating so much."
But it's true. I lost a lot of weight from not eating as much and that's a fact.
Even better start exercising
Mad TV has one Eat Less, Move More.
This advice actually goes well with the "Don't Buy Stuff" advice. If you don't eat as much you don't spend as much on food!
One of my all time favorite sketches. Parnell is so underrated
I always said he is SO underrated
Over and Underrated comments always crack me up - they’re used by posters who don’t have anything meaningful to say.
“I like Chris Parnell and not everyone in the world agrees with me, so I’ll just say he’s underrated and that’s my contribution to the conversation.”
I thought that the free book was gonna have a $12.95 shipping charge lol
i expected to say "credit cards accepted"
Free book ? You mean free book "subscription" ??
This is still funny in 2023
I remember when this 1st came out and was on SNL and it's still funny and relevant today 😁
After reading some of these comments, I am grateful that I have a sense of humor.
It’s funny because it’s actually this simple. 😂
Reminds me of the Mad TV sketch Eat Less Move More
Only problem is that most things in the us require you to go into debt. Student loans, car loans, buisnesses loans, cellphone contracts, mortgages, insurance premiums and medical bills. Everything is made deliberately expensive so you will have to go into debt at some point if you live in America. Paying back debts is also necessary for a good credit score, if you don't buy shit you will never have a good credit score to buy shit you might need in the future.
@Strongj I personally don't know anyone under the age of 35 without mortgage, car lease, credit card or cell phone plan. Those are all forms of debt. I don't know what you mean by no debt. This generation is going to continue to accrue debt faster than any previous one so that's something too.
@Strongj but you see my point that some debt is necessary in this economic system.
@Strongj i consider a mortgage unnecessary debt as homes are unnecessarily expensive. People talk about property values going up like it is a good thing.
@Strongj Only if one plans to sell it for profit which I find highly offensive. Houses are for people to live in, not to get rich off and they shouldn't take until near retirement to pay for. Property values go up so does how much tax you have to pay also, which who wants to pay more tax.
All of those, with the exception of medical bills, can be managed. Go to community college or trade school instead of an expensive university. Don’t buy a new car, save up for a used one instead. No need for a big fancy house, get something smaller with a payment that won’t leave you strapped for cash.
This sketch saved me. It's so simple. I love it.
As someone who credit cards a lot, I can confirm that staying out of debt is pretty much this simple
I use my card for almost everything, but I pay it all off every month. My APR is 29%. My cash rewards are 2%.
You can see how easy it is to get into trouble! However, it's just as easy to stay out of trouble, with a little self control! :)
That is so confusing. I wonder why my Federal Government doesn't know about that book?
It's ridiculous that this simple stuff is still beyond many, maaany people.
For people like me.
They're too busy showing off. Or trying to
So a bunch of rich people who will never see poverty (at least again) in their lives telling Americans what to do with their finances
Steve Martin is just too good lol. He was my favorite from the Three Amigos.
...but...but what if I really, really, REEEEEEEEEALLY want it...but have a negative checking balance?
Reallllly want it?!? It's a need is when u buy with cash. Wants can wait..just save up buy it with cash
Simple. Tee hee
I'd like to see the corollary diet book....
"If it isn't a meal time, don't eat"
This will never get old
Being good with money is 90% behavior and 10% knowledge. You can't build wealth unless you spend less than you make.
Man what great advice, now I've gotta convince my family they don't need shelter.
Or you could live somewhere you can afford
@@jessemoran6070 1) Moving costs money too 2) Maybe their hours at work have been cut, but they’re hoping that this will be temporary 3) You have no idea where they live 4) Maybe they’ve just lost their jobs and have gone through their savings 5) You don’t know what other expenses they have
You sound like a kid
@@GadereneLegion maybe they didn't plan ahead for anything, maybe they never tried to save any money, maybe they pay for cable packages, streaming packages, lease new cars, go out to eat way too often, and generally have no self control when it comes to wants vs actual necessity. Maybe a lot of things - you also sound like a child.
I actually started to write out my situation and then I thought, that would be a waste of time to argue my personal situation with people on the internet. But if you truly believe that people who lose their assets and are forced to make tough decisions because they have financial loss are merely wasteful and foolish with their finances, I hope you can stay in that fantasy. I really do, I really hope reality never touches you.
Or you could get a job and learn a skill. Maybe there should have been a little less breeding and a little more planning.
Sending to my wife right now :)
Send it to her on Christmas.
Enjoy the sofa...lol
This is like half the people I’ve known my entire life
Most societal problems throughout the world would be solved by this...including divorce, war, etc.
Then came Temu 😂🤔😆 shop like a billionaire 😆
"The rich rules over the poor, and the borrower is servant to the lender." Proverbs 22:7
Dave Ramsey would love this straight forward idiot proof advice
I always save at least 40% of my income since my first job in college. It's not easy, and (almost all) my friends say I'm stupid because I never buy any gadget or cute clothes unless I really, really, really.. have to, like when my phone stolen or my shoes and bag broken.
+Martina Chan it's really weird how some people really don't understand the concept of saving money
I feel you, but I try so hard to save up to possibly 70% of my salary.
My sister borrowed money from me all the time, but whenever I tried to save up some coins by searching for a cheaper place to shop or simply not buying things at all, she mocked me =_=
+Ha Ran Jung yea i too have a friend who often asks me to go eat at expensive places, i refuse most of the time which kinda annoys her. Then one time she was actually surprised at how i could have money in my bank account. wtf i was like, u can save too u know.
what is the point of having money if ur not spending or using it. money is a form energy and should never be saved or piled up. what happens to water if it sits still too long?
@Haamish Mcgarry I'm gonna assume that you're being sarcastic :'D
I see Steve Martin........automatic thumbs up.
Instructions were unclear. Filing for bankruptcy
This is just to complicated to follow! I'm going to starbucks!
Make sure to get an extra shot of espresso and charge it to your 30% credit card.
Then blame boomers when you can't buy a house
The financially-stable liberal when their low-income neighbors talk about struggling to afford groceries:
This is like when Bob Newhart did a skit as a psychologist then would just say to whatever folks had problems with. “stop it”
He should do a sketch where he plays a debt counselor dealing with a completely clueless person with financial problems.
Wait! So you mean to tell me that the American Dream is just a Dream!? womp womp 😂😭🤷🏻♀️
This is more than a little condescending coming from comedians who have plenty of disposable income to spend and don't really have to go save up to get the kinds of things most people are buying on credit. We live in an economy that is driven by personal debt. If people didn't take advantage of cheap credit the whole thing would come crashing down.
We need to send this to the government.
This is the radical and useful advice for the contemporary consumer.
This was from 2006. The writer now writes self-help books for teenagers. His most recent one is called "How to get a job in today's economy." It recommends putting the book down, walking to the nearest fast food restaurant, and filling out an application. I bought his "How to not get knocked up" for my teenaged daughter. It's a 3 X 5 index card with one sentence: Don't have sex with a guy.
RUclips suggested this ON Black Friday.....well played RUclips. I hope I'm not the only one.
I bought "Stop buying stuff" magazine!
Except the entire pipeline from being working class to "investor class" is predicated on borrowing money you don't have, and then juggling revenue streams in order to pay your debts as they come due. I've always refused to borrow money. I have 20k in the bank, held the same job for 5 years, and somehow can't get a loan to buy a house that's only 60k.
Meanwhile irresponsible Jerks who impulse buy but pay thier bills on time got approved for a $299,000 housing loan that appreciate 60k
It's literally all speculation
So, your credit sucks, then?
You can have/use a card for small things and get cash back. That'll help. Don't carry the balance.
The crowd is like hesitant to laugh. 😂😂😂😂😂
Who else is here b/c Peter Schiff mentioned it on his podcast?
Jordans, iPhones, luxury purses
What if I need to buy something that gets me to the place where I earn money to pay for it but still can’t afford to get it??
That's when you commit a crime to pay for it and become a morally ambiguous supervillain.
Were you not listening? If you don't have the money, don't buy it!
Consider a loan
You don't NEED a $59k BMW to get to work. You don't need a $10k SUV. Plenty of cars available for $5k or less, and if you HAVE to get a loan pay it back fast. Then save up till your trade in plus savings covers the car you want.
Take public transportation?
We need this now more than ever!
This reminds me of a MadTv sketch about the latest dieting technique. A program called “Eat Less, Move More”. Sounds complicated, how does it work? Lol 😂
1:13 the people I work with every time I explain something
The music is ingrained into my soul
Laugh all you want, but sometimes the stuff you can't afford is the stuff you need to live, like utility bills or medicine. In other words, sometimes you don't really have a choice. Not everyone ends up with credit card debt from buying stuff they want but don't actually need.
How about you work more than 5 hours a week at mcdonalds?
i should listen to this
Wait wait wait
But what if I'll have money tomorrow, should I buy stuff today?
wait
YES. Why wait for tomorrow when you can have it all now!!
NO
I feel like outside of the US, this sketch doesn’t land the same way, where credit card debt is less common. Still, hilarious sketch. Martin is so good at playing a doofus.
The point here isn't to make fun of people who are homeless through no fault of their own or who have been bankrupted by medical expenses. It's to satirize useless consumer spending to keep up with all of the other idiots making frivolous consumer purchases.
Yeah duh did you have to explain the joke 🙄
@@rustyshackleford6035 Because some people here didn't get the joke apparently, and were rage posting.
It's usually drugs. So, stay off drugs and you won't be homeless. Probably
Here is a skit you can show in school.
I find it funny that every single person in this sketch can afford to buy a new car. Meanwhile, I can't even afford to get mine fixed, and my husband's diabetes medication keeps getting more expensive.
No healthcare in your country? I pay 10 Euro for Insulin 10 x 300 Units
You didn't work hard enough, you don't deserve it, you're just not good enough. They are celebrities and they are perfect you insignificant pleb.
American logic in a nutshell.
Can’t get to work if you don’t have a car, can’t make money if you’ve lost your feet, go blind, or have to spend three days a week in dialysis. Our healthcare system is supposedly the best in the world, but if you’re poor it doesn’t matter.
There's always Canada, but the situation will be hell in a different way
@@GHC3 I promise you that Canada is better, especially with regards to managing diabetes. The myth that American healthcare is superior was perpetuated by insurance companies who didn’t want the government to interfere with the industry. It’s a lie.
It had me in tears. LOL It's such a simple concept, but for some, it's impossible to implement.
2006 - "Don't buy stuff you cannot afford." - Hilarious and True
2008 - "Don't buy stuff you cannot afford." - Oops
2016 - "Don't buy stuff you cannot afford." - Literally Hitler.
2020 - "Don't buy stuff you cannot afford." - Just print more money, stupid.
2035 - "Don't buy stuff you cannot afford." - What is stuff?
2021: Communism and Marxism sounds great, More handouts please
😥
A huge amount of debt in the US comes from medical bills and student loans. A car is an absolute necessity in most parts of the country, so that debt is rarely frivolous. Then we have home debt, which is usually good debt to hold.
It’s a cute sketch, I’m just not sure who it applies to. Then again, I exist in humble circles, so perhaps these credit card millionaires are everywhere and I just don’t know them.
The sponsors of SNL figure that by having this message on a comedy show, no one will believe it should be followed, so they will not be harmed, And, the network figures it is a Public Service Announcement (PSA) in disguise, so the network adds it to the FCC file to show the network is offering a community benefit. And the performers think they are clever in putting one over the sponsors and the producers. Win-Win-Win.
And the nation passed the $1 Trillion mark in personal credit debt this year (2023) for the first time ever. Apparently, not enough Americans have seen this sketch.
Doesn’t really apply to medical bankruptcy though, does it?
Such practical advices, they change everything 😂😂
I know a few people who should watch this.
Few?
Ok Robby, I get the hint. Sheesh