CAR PAYMENT AND CREDIT CARDS CRUSHING YOU? HERE'S SOME SOLUTIONS!
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- Опубликовано: 18 фев 2024
- In this video I share some thoughts on what to do if you're struggling financially to pay your car, credit card, and loan payments. Many people bought Dodge Challengers and Chargers with huge mark ups causing them to be stuck in their cars and in financial trouble. I want to help!
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People dont want to save up to buy anything. They want it now no way I would ever pay 1000 to 1200 ever month for a charger/ challenger. People get sucked in .
Some people paid 250k for a demon 170 ..
Its crazy…then after 3-4 months when the new wears off, and that shit just a piece of expensive metal in the parking lot and that note got em in distress, it’s on back of a repo truck or doing insurance fraud to get from under it.
For real! That's what's wrong with America.
Absolutely insane man, a quarter million for a race car@@IDontEvenOwnA9mm
You sound just Like me ,I agree 100% ,I bought my 2024 2SS 1LE M6 ,Cash ,I saved since 2018 for a Hefty down payment on a new scatpack originally, But things got stupid and I started looking elsewhere and fell in love with 1LE's ,but regardless of what I bought it was a toy for me and it's paid for ,people forgot how to save for something they want nowadays and many get themselves in trouble
Im not in this current situation myself but i think its great to share with others because life happens. Many ups and downs in people's life just need to deal with it head on early so you cant get to a better place quicker.
Great video , well said and good on you for taking the compassionate stance .. the hard knocks that we take along the way make us humble and grateful . Good health to you 🙏🏼
I just made the last payment on my 2019 Charger Scat Pack a couple weeks ago and the title literally showed up in the mail today. Just a massive relief, and good feeling that's done and paid for. I bought my car used for $40.5K in 2021 at a smokin' 2.8% interest rate, I can't imagine the younger kids out there that went down and have bought these cars brand new at $50-60K with even higher interest. I won't have another auto loan for a very long time, if ever.
That's awesome!! I bought my 2020 mustang for 40k and definitely not at the intrest rate as yours lol 3 years down on 700 pmt and now insurance when up to 200 a month cause of the world now not from anything I did. Still owe 22k on my car. Love my car still and enjoy driving her every time I drive but never will buy another new car again. congrats on paying yours off early.
@@alicehawkins8685 both of you guys made me rethink my decision I currently drive a paid for 2015 Honda accord sport, insurance is dirt cheap, was thinking about getting a wide body redeye think I will hold off after hearing both of your guys stories
Absolutely solid advice Brad, thanks.
The 70 20 10 rule for money has served me the best. The biggest chunk, 70%, goes towards living expenses while 20% goes towards repaying any debt, or to savings if all your debt is covered. The remaining 10% is your 'fun bucket', money set aside for the things you want after your essentials, debt and savings goals are taken care of.
Great video. Lots of good info about putting yourself in a better position.
❤❤❤❤❤❤❤❤❤ You are preaching knowledge there my friend!!! We had a financial difficulty and they put payments on back end of loan during covid. We didn't have a payment for 6 months but I still made small payments until back on our feet. It's more interest but if you put more money in payment it cuts a little off. We get scared to call but they want you to call. It cost them more to repo then get car sold and you have repo on credit.
Awesome content!! Thank you.
Good advice and useful content as always.
I pay off my credit card balance every night.
I don’t run balances at all if there is interest.
850 FICO score.
Collecting flight points for my business class trip in Bali/ Singapore.
Subsidized by those who run balances.
Me too, I'm not rich at all. I believe less than 2 percent of people have a 850 fico score. Sometimes you'll hear that once you've reached that it's hard to stay there, sure there's some pitfalls but I don't think it's that difficult. As long as you keep doing the same thing that got you there minus the debt part. To risky to do that again IMO.
Das ist Uber Wunderbar advice, OCMotivator! Thank you brother.
Mental heath is a big issue for most people right now this video definitely helps getting back on track
Good video Brad good information for the people 🇨🇦🇨🇦🇨🇦
This a great video! More people should here your advice on debt
Dropping knowledge bombs
Always giving game 💯💯💯💪💪💪💪
Good advice! So where can I find cheaper insurance rates and coverage for my Challenger?
I've loved cars since the 80s.
I used to think there was no way that others liked cars more than I do, turns out there are. I guess the main difference is I never liked anything enough that it would put me behind the financial 8-ball. You can still have really nice cars, without debt, they might not be exactly the cars you want but at least you'll own them instead of them owning you. You know what I mean?? I hope so.
2023. I missed one payment on my Citibank card and they close my card without any warning no calls no letter nothing
Been through that perpetual desperation. Came close to fallin of the edge. Now i am super conservative borrowing money.
Idk how most Americans afford these things. I make good money and dont see how i could retire if i spent like that.
Moved back in with my parents back in August..I was able to pay off 3 credit cards and working on my last card. I’ve never felt so great financially with less credit card debt. Credit score has skyrocketed will be in a great situation to get a scatpack when interest rates come down and a good deal comes around
thanks for your advice!.. i know this isnt financial advice. but im a very tight guy on money but stupid to spend the free money credit cards that i have to pay later lol.. so my question is I have 2750 credit card debt and my tax check is coming thursday. Should I say screw it and just pay off my credit card debt or.. just throw extra money each month on the credit card debt. I have 25k saved up right now it just sits smh..
I would personally pay it all off except for a couple hundred your credit score will go up and a much smaller payment and the card would be freed up for emergency or as a cushion in lean times.
Pay the 2750 and pay it off each month. That credit is costing you each month if you don't pay in full.
Then, at the very least, put your savings in a high yield savings account to get something back. That will at least get you started while you research financial planning. Plenty of trusted people with advice on you tube.
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I have a question. I want to trade in (for a cheaper car) with negative equity. Should I pay the negative to the loan or use it as a downpayment?
It likely won’t matter either way unless you sell your car first and pay it down and hopefully reduce your loss of course.
Great info. What is Sandy’s info again. Phone number.
Thank you
Do not lease a car through Ally financial, do your research and thank me later
People need to go listen to some Dave Ramsey. Never bite off more than you can chew. Pay off the debts and build some wealth with that thing known as an income. 👊
When you find yourself in a hole, stop digging
Dropping O.C.M. gems✨️💎 for the people. Keep it up brother! 🫡🍻