Money Mondays: Climbing Out of Credit Card Debt
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- Опубликовано: 11 сен 2024
- Monique is drowning in credit card debt, so financial expert Lynn Richardson is here to help her sort out her finances.
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*Embarrassed about credit condition.
*Goes on national TV so the lady can expose all your credit debt and spending habits. 😭
Wow, that debt is financial cancer.
A wise man once said to me: "Don't want the debt? Don't create it."
The slave master needs a way to control the slaves, i.e. Credit System.
@@justlistenfornow credit is for people who are to scared or stupid to steal
I love this women! 👍
And this is why you don't play with credit cards (snakes)
You know it's a "TRAP" when they give college students credit cards when they haven't graduated yet and don't have a job to pay their debts.
Over spending is bad but wages just don't keep up with the cost of living. That's the real problem.
The economic system needs your productivity. Don’t worry about debt. Our whole monetary system is debt based. Manage your credit score. Many cards have Autopay, use it.
Mel Berry equally stress for the rest of your life naw fam
Naturally Beautiful why would you stress about money/debt? It’s imaginary
Mel Berry you must be living in a alternate universe because stressed about money and debt and if you’re rich that’s a little different I’m guessing you’re rich
Naturally Beautiful I’m a grad student lol
Mel Berry well I am undergrad finish up and going to grad school and I don’t understand why you not stressed about money that is place to worry about money ... you still didnt answer my question but I will take it as you are balling and money isn’t a concern... but for must yes it is ... back to this money talk this lady is spending beyond her means ....
Gotta do this too, over 10 G's in debt. I only have 2 C.Cs... I believe the judgements will extremely drop your credit score cause it's one on mine that was supposed to be removed 2 yrs ago & my credit score is lower than its ever been in my entire life of having any credit... 😫😫😫😫😫😫
Last thing she needs is a home loan
She could get a home loan for a triplex and rent out the other 2 apartments thus helping her get extra income to pay off her debts
Kurt Gaudreau I’m assuming your a multi millionaire. I’m 37 with a 70k net worth and would never do something so risky. Don’t believe me I’ll send you a screenshot of my TD and wells account with my personal info blocked out. She’s playing with fire. Furthermore how was she going to get the down payment for a house?
@@sidharthchand8072 not a multi millionaire yet but I will get there, if by net worth you mean money sitting in a savings account you better start investing it because I doubt your savings acount's interest rate is keeping up with the rate of inflation. Banks are giving out mortgages with as low as 5% down now depending on where you live it can actually be very easy to save up that much if you get yourself on a strict budget and actually follow it. I got a 110000$ house for 0$ down then put 20000$ of renovations into it that brought up the value to 180000$ then I pulled 30000$ equity out of my house (cash out Refinance) to buy an investment property that nets 1200$ a month when the units are rented out. Now I can't forget to mention that this property has just as much equity as the house I live in. I can just simply pull out some equity to buy another good investment property and I will. You don't get financial freedom without taking any risks.
Kurt Gaudreau enjoy the juggling act
@@sidharthchand8072 I've got a successful mentor helping me out, I'd rather enjoy passive income over income from wage slavery anyday!
Loving these money Mondays!! Great job Steve keep it up!
I have watched two videos with Lynn Richardson and have gained a wealth of information about money management. She is a godsend. It's just sad that videos with dumb stuff get millions of views, while these videos get very little viewing. #seekwisdom #financialfitness #lifemuscles
Steve, that's why I do not rely on credit. Because it's not a game. I save. I spend what I have. I got the bank to mortgage my house based on our income/savings. It's just ridiculous trying to "play the game."
Banks get very nasty when you try settle debts.
Smart Advise 😁
lynn richardson would endorse rent a center if they paid her enough. great engaging advice tell that black chick to buy a house while she's in 100k+ in debt. she (lynn) is a true genius.
But that's not what she said at all
Shanteria M She said she should raise her credit score to buy a house that’s so stupid you should have an emergency fund 20% down and be debt-free
Here is the point stop spending money period if you in debt why ppl dumb... don’t decrease the student loans stop it... and maybe get other job period... this lady wrong on this point
Everybody can't get a deferment though. They said she makes good money so she may not qualify.
J Hunter true her ass just can’t seem to stop always spending
Interest doesn't stop growing if you put the loan on hold
Under circumstances they have loan forgiveness
Secure credit cards help with building your credit
But couldn't she cancel the store credit cards? Once paid off?
Canceling credit cards affects your credit score negativily. The more credit available to you the better, just have to make sure you don't carry a balance over to the next month. Pay your statement in full. Only cancel if the card has a yearly fee and you don't use it enough to justify the fee.
Kurt Gaudreau credit has not been a blessing for her
I'd advise her to relocate in a cheaper appartment she is paying too much for an appartment and also decrease her groceries spending!!
Oh wow. She has dug herself a huge hole! She can climb back if she "debt snow ball" it.
Dont she wish she had a time machine!! Go back and not get that dress
Hmm
Hello, your credit determines how much trust you are worth, it help to separate the good customers from the bad ones,and it also helps identify high risk customers.in my 30s I was quite careless, I never paid back early , I often used way more than my available credit, these things take years to go away. This ruined my credit. It was very low. A Freind Evans informed me about what Hackerlewise on instagram did for him. Word can’t express how I feel right now, the team of Hackerlewise on IG literally deleted negative items and increase my score to 835 I am truly grateful. Hackerlewise on instagram you can even message him on whatsapp +1 (928) 374-4892
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