Not only was the ad for a home warranty company distasteful, but I also thought the suggestion of paying down “five figure” debt by eliminating eating-out and takeaways to be moderately insulting. I think the average person already understands that you can’t afford to spend half of your paycheck on dining out. How about some more realistic advice for those of us making realistic paychecks, and still attempting to pay down cc debt accrued to more real-life situations like student loans, medical debt, or loss of property due to natural disasters, etc.
I'm totally on board with sponsorships and stuff, but I was very annoyed when this 5 minute video was literally half advertisement. A 2 minute ad in a 15 minute video is not a big thing, but 2 minutes out of 5 is way too much for me personally
This video is a huge add :( Home Warranties are really predatory and the fine detail of the contract matters. You might be better off putting the $40 a month into a savings account each month and use that to handle unexpected home issues. We started doing this with all kinds of categories (home stuff, car, pets, etc) and the bonus is that should we come into a different situation where the category isn't applicable anymore we have freedom to move the money to another purpose.
Yeah- I’ve had such an absolutely horrendous experience with AHS and am actually part of a Facebook group with thousands of members attempting to sue them……
@@brixan... Everyone's gotta be contrary. I found some of things stated a more reasonable way to get out of debt but then it's followed by content three times as long encouraging people to buy a product that's predatory. Credibility becomes lost.
@@CPAJESS1980 they take sponsors so that they can pay their employees and continue making content. You should probably unsubscribe. Bye, I'll see you around the rest of the site 👋
@@brixan... Yeah, I'm aware of how this works, but calling something out as predatory has typically been something that TFD has been good at. I'm surprised to see them partner with Home Warranty as these folks are slimey!
I've had nothing but bad experiences with the advertised warranty company. Every. Single. Repair or replacement was deemed to be "not covered" and I'm not exaggerating.
I think there are reasonable home warranty companies out there. I know the one time I've had one it actually did end up paying out for a catastrophic failure of my heating system, but that's a super unlikely scenario. I really think the advice about warranties (or any form of insurance really) should be more about whether you can safely cover the cost of the worst failure that could be covered. The one I've had had a max payout of ~3000 dollars, and I feel like a lot of them are in that ballpark. So if you have enough of an emergency fund to cover a 3k cost, then you're probably better off being your own insurance company and just saving the money you would've spent on the warrantee. Same goes for health insurance and full coverage car insurance. If you know you can cover a reasonable accident repair of your car because either you or nature did something dumb, then full coverage probably isn't for you. But if you can't, you should probably have it. And since Medical bills (at least in the US) can basically bankrupt anyone that isn't a multi-millionaire, you should probably have health insurance.
I’m happy to be amongst your many subscribers. Your financial order of operations has helped me set up goals and a path to get there. I would love to try something more prolific and as such need the best ideas on diversifying and making good returns from my $250k. I hope to get best answers out here. God bless!
It's best advisable to get a Financial advisor who will offer you best strategies on making great returns and allows you self-manage your money. I've acquired over 500k working with Anna Kristine, a professional of a wealth management firm . Give this a try and get into success
Huge fan of this channel! It’s actually what got me to apply for my first credit card at 18, and I have learned quite a bit. I’m 22 now, and have 3 credit cards, with a total credit line of $6,500. My credit score is around 750. I’ve not had to do a balance transfer so far, since I do my best to always pay off my balance every month. Thanks for this video! Looking forward to the next!
It's wild to me that the advice is still to use a credit card, just strategically. Here in the Netherlands, credit cards have never been popular, because they just suck. Use a debit card and spend only money you actually have.
If paid off each month, in the US, credit cards can garnish money back, free travel and other rewards. It’s crazy NOT to use one unless you cannot pay it off in full each month.
@@FaithWolper I'd counter that it's crazy that there's all those benefits to lure you into a system where it's so easy to get into debt. It's predatory.
@@leandervr the main thing is the credit score. You need a credit score to buy a house. You need a credit score to take out a loan from the bank to say start a business. You pay less on car insurance with a better score. Etc. A credit card is kinda the only way in America to build long term reliable credit score that opens up so many possibilities
Tempted to unsub due to pernicious shilling. Put your premiums into your emergency fund and invest in a $30 DIY manual from the hardware store. Had a policy the seller paid for; would not renew after terrible experience. In aggregate, aftermarket warranty plans of all kinds are a net drag on personal finance. If you're afraid of being unable to afford servicing it, you can't afford it in the first place.
It is really telling how common it is for people in their 20s getting into credit card debt easily because they just don't really understand how credit cards work and how it affects their credit down the line. I'm very fortunate that when I opened my first credit card, my parents told me over and over to make sure I paid off my statement each month. Not particularly a huge fan of the huge ad in the middle of the video though, it makes it seem so disingenuous.
I don't understand why people in USA in their 20s have credit cards?! I have never heard about credit card in Poland among those who don't have family (as a security). What are you spending these money on? And why are you spending more than you earn?!
It’s harder to get a car and a house without credit, the whole system is messed up. “Go into debt so you’ll have lower payments” (if your score is good in the first place)
My situation was VERY similar to this! Even now that I’m debt free and earn a comfortable salary, I continue to budget and track every dollar I spend. Once I have my savings, bills and retirement contributions out of the way, I can spend my “fun money” with no guilt because I know exactly what I have. I’ve been debt free from a couple of years now. Tackling my debt required a lot of sacrifices but was one of the best decisions I’ve ever made.
Glad to know that you're actually doing fine now than before and I hope you will keep it up living like that. One way to achieve financial freedom is to get a tight track of your spending habit.
I feel like I would not be a good member of this community if I didn’t say just how much home warranties provide false safety. Look at AHS’s twitter. They are profiting from people’s misery.
1. Learn how to use credit cards strategically. As in never. Lol! Only in an emergency. By emergency, I mean someone died and you have to get on a plane and take time off work. 2. Always budget for a back up plan or like me...find other ways to afford things without spending money you don't have. shower breaks? shower at the gym. Microwave breaks, use a kettle for hot water to warm things and/or use the microwave at work. 3. Definitely automate your bills, yes your credit card is a bill. My gas and the electric company charge me less for having an automated monthly payment. 4. Spend less than you earn. Well that's a given. Stop trying to keep up with the Joneses or whatever latest social media fad trend is occurring that involves spending money. 5. Track every dollar. If you have to stack envelopes do that. you should know where every dollar/Euro/peso/pound/Yuan/Yen/Won/Rupee/Dinar/Naira/Rand is going.
Balance Transfers. Yes!. No one wants to talk about this. You're done spending on credit cards if you have gotten to this point, but trying to fix a mistake when getting charged 25% is crazy. You can get it down to 3% (the fee) for up to 20 months.
Okay girl, I know you guys need to make your bread but this ain't it! The whole thing is such an ad and when you're talking about saving money you don't need coverage for you "pools, saunas and spa!" And it's so much longer than all the other points combined! Bad video :(
I give myself a paycheck allowance to pay for things I want to spoil myself with because I do work my butt off on the daily and manicures and hair color is my self care 😂
Sound advice. i WENT THRU A SIMILAR EXPERIENCE WHEN i USED MY pcl (CREDIT CARD TIED TO YOUR HOUSE) to survive being laid off in a recession. When I got a job it was for a significant amount more that I was making before. Well the excess went straight to the debt. And I also doubled up on mortgage payments. At the end of two years I was almost completely debt free. So, as you also suggested it put more into savings.
This video literally has "Includes paid promotion" at the beginning and you can clearly see the video is very short... and people are losing it over an ad.
Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
I am from Denver Colorado USA I connected with her and she has helped me a lot she makes $78,000 profit for me she is a FINRA agent also. She’s the best I can trust with my investment with, ever since I came across expert Mrs Christine Norine my bad turned out being good and profitable. She made success earlier than I thought
Wait a Sec. I know Mrs CHRISTINE NORINE MARTIN and I have good things to say about Mrs Christine I'm glad to talk about her on RUclips, since she started managing my $91,000 portfolio I have risen upto $330k in just few months.
Nice video very engaging from the beginning to the end, recommended a professional broker for you guys sometime ago, can I get people who invested with him. Comments below.
American home shield really is awesome. Where I am it's a hundred dollars and they cover the rest. So, whereas a hot water tank could be thousands you'd only shell out that $100
I always love the videos, but this one feels completely like an ad.
ad between 1:39 till 2:57
a bit long
Such a short video that's largely an ad.
My thoughts exactly
Call a spade a spade. This is so sponsored this is predatory. Usually TDF is great but this was just…
That’s a long ad
Not only was the ad for a home warranty company distasteful, but I also thought the suggestion of paying down “five figure” debt by eliminating eating-out and takeaways to be moderately insulting. I think the average person already understands that you can’t afford to spend half of your paycheck on dining out. How about some more realistic advice for those of us making realistic paychecks, and still attempting to pay down cc debt accrued to more real-life situations like student loans, medical debt, or loss of property due to natural disasters, etc.
I'm totally on board with sponsorships and stuff, but I was very annoyed when this 5 minute video was literally half advertisement. A 2 minute ad in a 15 minute video is not a big thing, but 2 minutes out of 5 is way too much for me personally
This video is a huge add :( Home Warranties are really predatory and the fine detail of the contract matters. You might be better off putting the $40 a month into a savings account each month and use that to handle unexpected home issues. We started doing this with all kinds of categories (home stuff, car, pets, etc) and the bonus is that should we come into a different situation where the category isn't applicable anymore we have freedom to move the money to another purpose.
Yeah- I’ve had such an absolutely horrendous experience with AHS and am actually part of a Facebook group with thousands of members attempting to sue them……
4/5 things in the video aren't about home warranties, but the entire video is an ad? How does that... Nvm
@@brixan... Everyone's gotta be contrary. I found some of things stated a more reasonable way to get out of debt but then it's followed by content three times as long encouraging people to buy a product that's predatory. Credibility becomes lost.
@@CPAJESS1980 they take sponsors so that they can pay their employees and continue making content. You should probably unsubscribe. Bye, I'll see you around the rest of the site 👋
@@brixan... Yeah, I'm aware of how this works, but calling something out as predatory has typically been something that TFD has been good at. I'm surprised to see them partner with Home Warranty as these folks are slimey!
Please don’t use that home warranty. I used them and their claim process is horrible. Read the reviews on them
Should be marked as SPONSORED.
I've had nothing but bad experiences with the advertised warranty company. Every. Single. Repair or replacement was deemed to be "not covered" and I'm not exaggerating.
Same here. It’s not only you
I think there are reasonable home warranty companies out there. I know the one time I've had one it actually did end up paying out for a catastrophic failure of my heating system, but that's a super unlikely scenario. I really think the advice about warranties (or any form of insurance really) should be more about whether you can safely cover the cost of the worst failure that could be covered. The one I've had had a max payout of ~3000 dollars, and I feel like a lot of them are in that ballpark. So if you have enough of an emergency fund to cover a 3k cost, then you're probably better off being your own insurance company and just saving the money you would've spent on the warrantee. Same goes for health insurance and full coverage car insurance. If you know you can cover a reasonable accident repair of your car because either you or nature did something dumb, then full coverage probably isn't for you. But if you can't, you should probably have it. And since Medical bills (at least in the US) can basically bankrupt anyone that isn't a multi-millionaire, you should probably have health insurance.
I’m happy to be amongst your many subscribers. Your financial order of operations has helped me set up goals and a path to get there. I would love to try something more prolific and as such need the best ideas on diversifying and making good returns from my $250k. I hope to get best answers out here. God bless!
It's best advisable to get a Financial advisor who will offer you best strategies on making great returns and allows you self-manage your money. I've acquired over 500k working with Anna Kristine, a professional of a wealth management firm . Give this a try and get into success
You can look her up on the internet, where you can get necessary info about her and reach out to her. Do the check using her full name below
ANNA KRISTINE SERVICES
@@c.k2778 thanks for sharing this with me, I'm really grateful. I will surely reach out to the financial advisor
You can thank me later, I'm only rendering help to you in need of it.
Disappointly long ad!
Do better!
Don’t agree with the home warranty advice. It’s better off to put away some money on a monthly basis for home maintenance.
I'm usually a big fan of this channel, but the advertisement was half of the video. And the video didn't have much content to begin with.
Huge fan of this channel! It’s actually what got me to apply for my first credit card at 18, and I have learned quite a bit. I’m 22 now, and have 3 credit cards, with a total credit line of $6,500. My credit score is around 750. I’ve not had to do a balance transfer so far, since I do my best to always pay off my balance every month. Thanks for this video! Looking forward to the next!
2:35 ..i just stopped it & said, omg this is just an add.. has anybody else picked this is just an add? ..top comment "huge add :(" 😂
It's wild to me that the advice is still to use a credit card, just strategically. Here in the Netherlands, credit cards have never been popular, because they just suck. Use a debit card and spend only money you actually have.
In America you literally need credit history unfortunately
If paid off each month, in the US, credit cards can garnish money back, free travel and other rewards. It’s crazy NOT to use one unless you cannot pay it off in full each month.
@@FaithWolper I'd counter that it's crazy that there's all those benefits to lure you into a system where it's so easy to get into debt. It's predatory.
@@cfloster Can you elaborate on that? Because I can't see how never having had any debt isn't better than being able to show you pay of your debts.
@@leandervr the main thing is the credit score. You need a credit score to buy a house. You need a credit score to take out a loan from the bank to say start a business. You pay less on car insurance with a better score. Etc. A credit card is kinda the only way in America to build long term reliable credit score that opens up so many possibilities
I don’t know many 20 year olds buying homes so this home shield ad isn’t really helpful.
Tempted to unsub due to pernicious shilling. Put your premiums into your emergency fund and invest in a $30 DIY manual from the hardware store. Had a policy the seller paid for; would not renew after terrible experience. In aggregate, aftermarket warranty plans of all kinds are a net drag on personal finance. If you're afraid of being unable to afford servicing it, you can't afford it in the first place.
It is really telling how common it is for people in their 20s getting into credit card debt easily because they just don't really understand how credit cards work and how it affects their credit down the line. I'm very fortunate that when I opened my first credit card, my parents told me over and over to make sure I paid off my statement each month.
Not particularly a huge fan of the huge ad in the middle of the video though, it makes it seem so disingenuous.
This video just felt like an ad :/
That AHS and similar programs are kind of dodgy. You should do a little more due diligence before you take sponsors.
I love this channel, but I don't think you should have a 1-minute-long ad in a 5 minute video :/
I’ve had a horrible experience with the home Warrenty companies over the years
Someone told me to check out this channel, and my first view is a home warranty ad. Bye
I only really care for the videos with chelsea. The animated videosbare usually garbage.
I don't understand why people in USA in their 20s have credit cards?! I have never heard about credit card in Poland among those who don't have family (as a security). What are you spending these money on? And why are you spending more than you earn?!
It’s harder to get a car and a house without credit, the whole system is messed up. “Go into debt so you’ll have lower payments” (if your score is good in the first place)
They need it for medical bills mostly
Going to be consumer debt free this month....whoop whoop.
My situation was VERY similar to this! Even now that I’m debt free and earn a comfortable salary, I continue to budget and track every dollar I spend. Once I have my savings, bills and retirement contributions out of the way, I can spend my “fun money” with no guilt because I know exactly what I have. I’ve been debt free from a couple of years now. Tackling my debt required a lot of sacrifices but was one of the best decisions I’ve ever made.
Glad to know that you're actually doing fine now than before and I hope you will keep it up living like that. One way to achieve financial freedom is to get a tight track of your spending habit.
Great channel but could we please get rid of the flash animation and the whole cartoon rubber doll look of everything?
This is beyond childish.
I feel like I would not be a good member of this community if I didn’t say just how much home warranties provide false safety. Look at AHS’s twitter. They are profiting from people’s misery.
1. Learn how to use credit cards strategically. As in never. Lol! Only in an emergency. By emergency, I mean someone died and you have to get on a plane and take time off work.
2. Always budget for a back up plan or like me...find other ways to afford things without spending money you don't have. shower breaks? shower at the gym. Microwave breaks, use a kettle for hot water to warm things and/or use the microwave at work.
3. Definitely automate your bills, yes your credit card is a bill. My gas and the electric company charge me less for having an automated monthly payment.
4. Spend less than you earn. Well that's a given. Stop trying to keep up with the Joneses or whatever latest social media fad trend is occurring that involves spending money.
5. Track every dollar. If you have to stack envelopes do that. you should know where every dollar/Euro/peso/pound/Yuan/Yen/Won/Rupee/Dinar/Naira/Rand is going.
Balance Transfers. Yes!. No one wants to talk about this.
You're done spending on credit cards if you have gotten to this point, but trying to fix a mistake when getting charged 25% is crazy. You can get it down to 3% (the fee) for up to 20 months.
So many bots in these comments it’s so annoying!
That fulfilling feeling when you're already doing all these 5 "goldern rules" before you watch the video. 😌
i didn't understand anything from this video. I watched it few times and there is literally nothing helpful
Okay girl, I know you guys need to make your bread but this ain't it! The whole thing is such an ad and when you're talking about saving money you don't need coverage for you "pools, saunas and spa!" And it's so much longer than all the other points combined! Bad video :(
Like these videos but miss the blog posts!
I give myself a paycheck allowance to pay for things I want to spoil myself with because I do work my butt off on the daily and manicures and hair color is my self care 😂
YAY More content to understand financial stability in this cazy world. THANK YOU
Eh this is predatory. All money isn’t good money
Sound advice. i WENT THRU A SIMILAR EXPERIENCE WHEN i USED MY pcl (CREDIT CARD TIED TO YOUR HOUSE) to survive being laid off in a recession. When I got a job it was for a significant amount more that I was making before. Well the excess went straight to the debt. And I also doubled up on mortgage payments. At the end of two years I was almost completely debt free. So, as you also suggested it put more into savings.
I think I am going to unsubscribe after this video. Looks like you have lost credibility as an objective person. Shame. I liked your content.
I just want to say I’m here before you reach a million
Thanks so much for your effort from Yemen.By the way your WhatsApp doesn't work.
Sorry, this is insurance shilling and mediocre to bad advice... use credit cards strategically? Seriously?
This video literally has "Includes paid promotion" at the beginning and you can clearly see the video is very short... and people are losing it over an ad.
Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
Obviously, I've earned roughly about $520,000 trading under Mrs Christine Norine Martin her strategies is second to none and highly profitable.
I've been hearing a lot about investments with Mrs Christine Norine Martin and how good she is
She has really made a good name for herself. please how can I contact expert Christine Norine Martin?
I am from Denver Colorado USA I connected with her and she has helped me a lot she makes $78,000 profit for me she is a FINRA agent also. She’s the best I can trust with my investment with, ever since I came across expert Mrs Christine Norine my bad turned out being good and profitable. She made success earlier than I thought
Wait a Sec. I know Mrs CHRISTINE NORINE MARTIN and I have good things to say about Mrs Christine I'm glad to talk about her on RUclips, since she started managing my $91,000 portfolio I have risen upto $330k in just few months.
Nice video very engaging from the beginning to the end,
recommended a professional broker for you guys sometime
ago, can I get people who invested with him.
Comments below.
I thought as much, he's a guru in crypto trading
His success stories are everywhere, No doubts his trading
service is very good, I invested and made $9,130 in two
weeks, his analvsis are awesome.
He's available on WhatsApp…
Do well to let him know I referred you to him so he will know
you came for business.
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Thank you everybody
American home shield really is awesome. Where I am it's a hundred dollars and they cover the rest. So, whereas a hot water tank could be thousands you'd only shell out that $100
First ✌️😘