Cash Vs Credit - Which Is Better?
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- Опубликовано: 3 окт 2024
- Credit Cards or Cash, which one is better to use?
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What is better to use, credit cards or cash? It's a commonly asked question. In today's video I want to explain a little bit about what goes into making a credit score, and how which one is ultimately better to use, cash or credit cards?
My parents discovered credit cards. Imagine coming from a country where the concept of credit cards, didn’t exist, you could only buy, what you had in physical cash. If you didn’t have it, you couldn’t buy it. Then coming to the US and realizing, there’s these little plastic cards that make you be able to buy anything through financing.
So if you’re in credit card debt, student loan debt, or any other kind of debt, let’s get some stats out of the way because I don’t want you to feel bad.
The total consumer debt in the United States stands at nearly $14 trillion dollars. 1.5 trillion is coming from student loans, which is a household average of $46,822. Car loans, 1.3 trillion dollars or a household average of $27,804. Home loans….. 9.44 TRILLION dollars or $189,586.
And credit cards….according to Experian which is one of the credit bureaus that make up your credit score (whenever people ask how to increase your credit score) they are 1 of 3. The average credit card debt is at $6,194. That’s actually not bad, that’s manageable, but it continues to climb at a rate of 3% per year. The average FICO credit score is 703 which is pretty good, and the driving force behind the increase are millennials. So if you fall anywhere in that debt range, just remember to breathe, it’s going to be alright.
Before filming this video, I found an article by discover credit card, that said “Cash or Credit: Why Credit Cards win” which I thought was hilarious , a credit card company claiming that credit cards are better than cash.
Dave Ramsey, a big finance guy in this space says burn all credit cards and get rid of them. Graham Stephan, another respected finance RUclipsr says, use them. So which is it? To understand the answer to this question, let’s cover some pros and cons that you may not have thought about before because they each have their strengths and weaknesses.
Pros of Credit Cards:
-Here is the uncomfortable truth, no matter how much you may hate credit cards: here in the United States, it's tough to live without a credit card. You literally NEED a credit card to pay for things like hotels, and rental cars. Credit cards can be accepted everywhere but cash is not.
If your cash gets stolen, you’re completely out of luck, there’s no getting it back. With credit cards, if you lose it, all you have to do is call and cancel, some credit cards allow you to freeze the credit through the app directly without even needing to call.
Credit cards help build your credit history. This is something only installment loans, and credit cards can do. Unfortunately utility and phone bills generally do not build your credit like a lot of people think they do, but they can hurt your credit if you don’t pay them on time.
Credit cards can also pay off your loans by consolidating your credit card debt into one interest free credit card, so if you have a ton of credit card debt, consider transferring it to a lower interest rate card so that it can buy you some time - usually limited time and IF you have a good credit score.
The BEST perk that credit cards provide over cash is the consumer protection and rewards like cash back.
-The downside to credit cards is pretty obvious. the annual percentage rates on these “unsecure loans”, or APR as they call it, is a HUGE 16.97%. The stock market ON AVERAGE, returns about 10%. So if you’re not paying your cards off every month, you’re giving those companies MORE money than you would make if you had money invested in the stock market.
Pro of Cash:
Cash is a great tool for exercising self control, and budgeting in the most effective way possible.
*Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Cash or credit, what's your preference? 🤔
Debit, it's cash in the form of a card. No need to carry stacks of bills around.
Credit, I'm very frugal person who like to have control of my spending, and using credit will not only help me build credit, but also I don't need to worry about getting cash all the time.
I just did a livestream on this last night. From a Dave Ramsey perspective "cash is king" because it helps keep people out of debt. On the other hand, if you are disciplined and pay off the credit card every month, then by all means get a good rewards card and rack up those points. Just don't be like most doofuses... A huge number of people risk all this debt for a good points card, but then never actually utilize the points!
Definately Credit Cards Loads of rewards and perks plus is a free money if you pay on time!
Andrei Jikh I need help with the spread sheet from your Patreon page my stocks aren’t loading when I put them in and I put the new code from Jan 11 into the spreadsheet and still nothing
Maxing out your credit cards and missing every payment😏👌🏻
And with that money start a company and sell it 5 years later for $50B.
AUDI RSQ8 My man
Just cancel your credit card it cancels the debt 🙄
Investing With Chris 😂😂😂😂😂
Lorenzo Rivas that’s too funny
Cash, so the IRS can't tax me!! Jk jk, on another note, you inspired me to start my own RUclips channel. I was wondering if you could give any advice to a newbie like me on how to get myself out there?
I cant remember the last time I paid for anything with cash. I just got my annual statement from capital one on my rewards from 2019.... I paid 0% in interest but literally made $954 in rewards. I'm just a normal guy and can really say the credit card hack works!
I wonder if ANYONE uses cash at all? It's such a rare breed these days
@@AndreiJikh I really liked the story of your dad! Lol the accent cracked me up! Cheers from Austin Texas!
Literally?
@@Defy_Convention Yeah. My wife is also on the account so she has her own card. We use our card for everything and pay it off immediately.
smart
I've been through both experiences (paid everything cash OR credit), also read Dave's book and watched Graham's videos, my opinion is I prefer to pay things in cash because I spend way less. When I was using my CC for everything I would swipe swipe swipe and just worry about paying later. I never missed a payment however, nor payed a cent in credit card interest. But I realized that I could save/invest so much more money when I paid things in cash, as I was always checking my bank balances and could only spend what was left of my paycheck after I put money aside in my savings (paid myself). I still use my CC for small purchases or if I travel abroad because I feel it is safer to use CC than debit when traveling. I hope this info helped anyone who's thinking of changing their spending habits.
Your parents raised a very smart son!
They tried...idk if they succeeded though haha
@@AndreiJikh they did amazing.
Such great talents
Excellent video, and great point about using debt as leverage during low interest rate environments to boost returns.
the fed boost
Credit cards are definitely misunderstood as a result of comments from people such as Dave Ramsey. I talk on this a lot on my channel such as how I make money from them.
Credit cards are the most heavily marketed product in history, spending billions of dollars annually on marketing to sucker people into using their product. Great for you if you're able to avoid getting "bitten by snakes" in the short term, as Dave Ramsey puts it. But advertising your "success" with them to others is downright misleading because whatever method you use wouldn't work as a whole, as the credit card companies would then be out of business.
@@homer_thompson5090 Only if everyone did it.
@@branpod Yes, that is fair!
I have 15 credit cards but I make sure they're all paid off every week.
but... I completely disagree that they're needed. A debit card can do anything a credit card can. Credit cards are like cars - they're fun and useful and valuable if you're educated and experienced - but deadly if you're not.
It is always interesting when you share about your family and Russia in your videos. I love Cirque du Soleil. It must have been very cool to have a dad that was a performer. It is great that you are helping them get out of debt as well.
Very similar life track! came here as an immigrant after escaping civil war in Liberia (West Africa) - Saw my parents lose everything and create horrible spending habits that were passed down to me and my siblings. In my late twenties and built-up a successful business and learned everything I could about credit, finances, saving, budgeting, and investing. I LOVE your channel as it resonates with me in every way! I would love to share some of my experiences and how I learned to budget and save with you and your audience one day!
I transferred one of my credit card balances to a margin loan, so some of my dividends are now paying my credit card off (the rest are re-investing) and I still have the card open in case of an emergency, plus the money that I'm now saving by not having that credit card payment anymore can go towards another debt (okay, I agree with Dave on ONE thing, the snowball method). I use the velocity banking method as well (with cash back rewards) so ALL of my monthly bills and expenses go on a card and then I pay a little extra to knock the card back to zero over time. Unfortunately, I think this new credit scoring system may hurt me because my card is yo-yoing so often, not sure if it's really taken effect yet, I haven't seen any major changes so far. In any case, I agree with you, credit cards are way better than cash. Oh, one other thing I should note, using the velocity banking, I actually pay very little in interest, and sometimes don't pay any interest...it's kind of weird. LOL
If you are looking for an effective credit repair services you should reach out FicoPatchUp•Com as they help many clients get several item deleted off from credit report including medical items.
@@dorislowe1289 I was in bad spot and needed a quick boost to my score. My score went up 170 points. More than what they said. I get to keep my home! I'd recommend FicoPatchUp•Com to anyone.
"Breakfast or second breakfast" haha I love it!!
I think many you tubers not naming names have made many people misunderstand credit cards as long as you responsibly look after them you get great points and bonuses that make you a lot on your monthly payment
You should make a video about investing or paying off loans first and different situations that are involved!!
You gotta be discipline about spending your money. If you have that discipline, and don't buy things in temptation or don't blow money away, credit card will help you build credit over and over. You'll also have better chance of not losing as much if someone were to rob you.
If you have habit of spending left and right, having cash will allow you to control how much you need to spend. That's basically it. Cash will control how much you are allow to spend. You have to be careful with where your money is going with whatever amount of cash you have in your wallet because once those cash are gone, you're basically out of money until you get more cash.
This doesn't mean you should always go to ATM or bank to pull money out all the time. You should take out X amount of cash per day to CONTROL your spending.
I never carry cash around because I hardly spend anything that I don't find useful or need. I am very very frugal person like a famous RUclipsr who always want you to smash his like button ;)
So which is better? The way I see it, if you are discipline person with spending, credit card. If you have habit of spending money, then cash.
Great topic discussion as always Andrei. Great way to start the weekend!
Dislike, unsub. You suck!
Lets drink some 20cent iced coffee ;)
I too am a Graham Stephan man
I usually pay cash for everything. I see alot of people get into credit card debt and never get out of it.
The trick is to not use it for anything you couldn't pay for anyway, and if you always pay it back in full you get the benefits of a credit card without having to pay any interest or fees.
Great video :) I think the answer of which is better depends on the person. If you are great at managing your money, then you will get benefits from using credit cards. If you are not great at managing your money, then its generally safer to just use cash.
Even though you talk really fast, I am using this video as an Introduction to my 7th Grade math class Cash or Credit. Thanks.
Me too
I use credit cards but very carefully. Especially for cash back or points.
If someone has trouble managing his money that person shouldn’t have a credit card, unfortunately they are so easy to get and to accumulate!
I'm a big fan of Dave Ramsey and he was the one that literally smacked me in the face with personal finance. But times have changed and generations have shifted such that Dave Ramsey's advice isn't always applicable. I believe responsible credit card usage is better than cash. It makes sense mathematically. If you're going to buy what you already buy, you might as well get that cash back bonus.
I prefer cash to save and invest. I invest in Vanguard, and today I made account with T212 and bought 2 stocks. 😊
Gotta maximize those rewards points!
Yeap!
As long as you are responsible and pay it off everytime, I go credit! I do realize its not for everyone, but I think using credit is super beneficial when used correctly!
Reloadable prepaid visa & mastercards is a great alternative to credit cards
I prefer credit cards!! I just love seeing my cash back rewards haha! Great video, Andrei!!
cash if you save sales tax, otherwise CREDIT CARD for the cash back, and if you feel like you cant limit or control your spending when using credit cards, then learn to control spending, the problem is not with credit cards
You’re content just keeps getting better and better man!
Does it? Thank you!! That makes me feel like it's worth it :)
Andrei Jikh absolutely! You’re helping so many people
I agree!!
As usual, such a fun and informative video! I would choose using credit cards over cash at any day! It's convenient and it has rewards, but of course pay the balance on time to really maximize the value of your credit card! 😃
Erika Kullberg: Lawyer's Finance Tips The very few times I have used cash in the last few years was for those small merchants that charge an extra fee to the customer for paying with credit, and some gas stations that offer a cash discount. Thankfully most gas stations in my area charge the same price with cash or credit.
Gold is best
Keeps up with inflation..internationally accepted and looks pretty
I was one of those who were using credit cards to spend money I didn't have to impress people I didn't know. Now thanks to people like you, my life has changed a lot and I see things in a very different way!! Keep creating amazing content!!
Can we see more videos of you buying a dividend stock for Money Monday videos? great video btw, and showing us the story of your parents
I said that a while back. Threat was on of the first videos I saw on this channel.
If you have the discipline to always pay your card off monthly, or more frequently - credit is always the way to go. I pay mine off every 1-2 weeks, avoid interest charges while gaining benefits of using the card like cash back
I think the Russian accent makes me feel the need to listen and do as I'm told. Probably just me.
I brought a cc from *Cardermanager2* on telegram best vendor I know and very trustworthy. He sell cc,fullz,Bank,Drops,and Dumps
Thank you for this awesome video!
I also come from a family of immigrants. The exact same story my parents never understood the concept of credit and made poor financial decisions. I started off in a similar path because it’s stuff that it’s not talked about. But my goal is to help my parents improve there financial circumstances.
That is awesome that you are going to assist your parents with getting out of debt. Good video!
I’ve never seen anyone do it better
AHAHA the ones to hundreds trick at the end, was the most important thing I learned in the whole video
Cash if you can't control yourself. Credit card if you can.
Sometimes you have to cut a finger to save your hand. So many times between two items an expensive one and a cheap one , choosing the expensive one may save you tons of money in the future so it's better to have a credit card.
Cant watch the video yet, but I just want to shoot an appreciation post to Andrei for putting such hard work in for our financial education entertainment!
I see the benefits of Credit cards but an individual who doesn't control spending and manage finance properly all the positives can turn in to negatives. Rewards are only good if the statement balance is paid back every month. Average credit card users focus on the rewards and think they got deals, but actually they wont be able to pay the statement balance and then the interest rate is higher than the rewards. I would say credit cards are better only if you have the cash in bank to pay the amount spend in full immediately before the due date, otherwise stay with cash
I’ve been using credit cards for two years, only use debit to withdraw cash when i needed to. Never pay interest and earn a lot of cashback and points
I've been waiting TTTOOOOO LONG FOR YOUR VIDEO. Another great video man
That was some really cool imagery of your parents, and you know what, you’re a different kind of performer! It definitely runs in the family!
I use only credit cards. Use one every week (Chase, Capital One, Chase Rapid Rewards, Ame Exp.). I treat them like they're debit cards. I don't spend what I don't have, unless it's at 0% interest, then I'll utilize them for a big expense that is necessary. Plus, you get reward points and offers.
I did the transfer thing and paid off 7,000 debt in one year. The interest they charge was taking over half my payment and that's crazy. Now I only use my credit card when I have the money in the bank already and I usually pay it off the same day I charge it. I like credit cards for the cash back but use cash at the gas station because they do charge less per gallon when using cash.
You can tell a lot of effort went into this video!
Credit cards 💳 anyday. I’m 24 now and believe it or not, i only got my first credit card last July. I absolutely regret not having done it earlier as i missed out on sooo many free flights and other things. Use it wisely, buy only what you were already were gonna buy and pay off everything by the end of month. Use it wisely and it can bring many benefits!
Sultan’s Financial Journey Noted! I’m turning 20 soon and looking my first card. How did you decide which one to settle on? Anything specific I should look for/use to compare?
Alex Saysithi i live in the UK and we dont have the many options there are in the US. So here i got the basic american express, no yearly fees, decent rewards, and good referral bonuses. Better than any other card available here. So you have to look at all those aspects, see what the best card is for you and your expenses. Because you should only spend on your credit card what you were already gonna spend and pay it off every month. So see what best benefits/rewards you can get while keeping that in mind!
You are educational, entertaining, and genuine. Please keep doing you and producing great content.
Thank you! I’ll keep trying my best
The problem with credit cards is that people with little self control will spend money they don't have and even people that do have the money to pay off their credit cards monthly still spend more on credit then if it was cash in hand.. you feel it hurt the pocket more. I've been using credit cards paying balance monthly and earning points however I have switched to cash/debit and man i find it hard to buy something that I really don't need. It's like that stepping out of the store taking a deep breath and realizing I don't need it and walk away. Spending less month to month and saving even more. Debit cards provide the same protections as credit cards in all sales.
You are my favourite finance RUclipsr. Your success on RUclips has inspired me to create my own channel and I’ve just uploaded my second finance video
Ollie Bassett hey nice channel. I like your video on your dividend portfolio
Thank you 👍
Personally use credit cards but make sure to pay off balance on time
Definitely never carry a balance :)
The last time I bought a car with cash the dealer was pissed because they wanted that loan interest.
CreatureSuitSelfie that’s why you try not to tell them you paying cash and you work out a deal with them thinking you’re financing until you about to sign and then pay cash lol
CreatureSuitSelfie hahahaha
That doesnt make sense. The interest on the loan goes to the financing company, not the dealer. Now, they may be a buy here pay here, or may even get a kickback from the bank, but not the interest themselves. I could be wrong, but every car I borrowed money for was from a bank, I bought a brand new Chevy, it was financed through GMAC, which later became Ally bank after yheb2008 bail out. Still la bank though. Just bought a car from toyota 1.5 years ago, it went through Westlake financial, and I refinanced with USAA. Point of the story, always went through a bank.
@@keithmuset6510 not sure how to explain it but before signing the paperwork we asked if we could get a better deal if we paid cash in full and the dealer went off about loan rates and making more money through a loan. Maybe his commission was partially based on the loan or something. It was a Ford dealership if that helps, don't they have their own loan service?
Keith Muset Dealer financing is a thing.
Why is he pretending debit or checks don't exist? I have never used a credit card and own a home.
I need a few things from the grocery
I do things alone now mostly.
She turned to me that’s when she said it
looked me dead in the face asked “Cash or credit?” and I....
Jizzed in my pants!
I’ve been waiting so long for this video
I'm a really disciplined spender, but I like the way money is harder to spend with cash. I only get myself minimal cash at a time though I obviously online is a different story. I do not yet have a credit card, but I will get one for limited use
Very honorable for you to help your parents with the talents and gifts God has afforded you. Keep up the good work brother!
I already knew what you were going to say, thanks for recommending Graham. I came here to support my man! You just helped me make it all click in my head. Ive always wanted to invest my money but was so unsure. Im just a little upset I didnt invest sooner. Anyway thanks a lot and ill be looking forward to your next vid! ✌
Thank you for being open about your family and their journey. You didn't have to show us photos of your parents, but in doing so, I feel like I know you better personally, and in that, more open to your advice, so thank you.
Could you do a dividend portfolio update, seeing all your dividend income motivates me haha?
Andrei, this is really quite simple. Don't consider a credit card as a "credit card" - why would you knowingly borrow at 16%? Consider them as CHARGE cards. i.e. make sure you pay the entire balance off every month. If you are unable to pay the balance off, you shouldn't buy the item.
My preference is CREDIT! You get an interest free loan if you pay it off on time, plus cash back, rewards, travel points, etc. Not good for people who can't be disciplined though. Very interesting story on your dad!!
You definitely Deserve More than what you have achieved Mr. Andrei.
We only have cash/debit card. Unfortunately since me and my partner only have casual jobs right now (my partner is starting a full time apprenticeship in a few weeks) we have never been able to get approved for a credit card! So many times where we’ve been stuck money wise and having to get by on barely any money, we really could’ve used a credit card. We sometimes go through work booms and quiet periods. The quiet periods are extremely stressful without credit 😅
Andrei your videos have been helping me out so much! Keep up the great work man, I always look forward to Monday’s and Friday’s lol
Slight tweak, it's not the same to car companies believe it or not you actually get better deals financing a car with a dealership because they have a deal with the banks that they have you finance through.
I use my credit card all the time too. I have $1500 in reward points at the moment that I need to spend soon as they will expire. Cash only for emergencies.
before i watch this, Last video was really informative & good.
How common are Debit cards in the USA? Here in The Netherlands everyone has a debit card. Also in Europe there are no reward programs and credit score so thats probably the reason that nobody uses them.
your not a failure my man your more successful in your own way :)
Aaron Crowder's channel has quality content similar to him!
It's always cheaper to pay for gas with cash at the pump than it is with credit, usually 10 cents difference, that's the only one I can think of
Whats up Andrei! I really enjoy your style of content for wealth building and overall life advice. its always entertaining. im pretty much implementing all of the money saving tips you give. im also just starting out on RUclips and hope to reach your level eventually! keep up the good work
On asian restaurant they give discount when you pay physical cash because they can avoid paying tax if they dont report it and not record it 😂
Great video! I personally use cash over credit cards.
Andrei,
My fiancé and I are huge fans of your videos. We love how entertaining and informative you are AND THIS VIDEO IS A GREAT EXAMPLE OF THAT! Please keep them coming!
Credit cards can be very detrimental if used unwisely, but this video should guide people in the right direction when using them.
6:45 actually buying a car with cash actually hurts your prices when buying a car. Dealerships make most of their income from financing the car. Without the interest rate on the loan, they don't make much money. The real life hack is when buying a car with cash, keep that a secret from the dealership as long as possible.
When car shopping you make them think that you’re financing. Have them run that final number based on you financing then that is when you agree to price and tell them you will just pay cash. That’s how you will get a better deal. The other thing is that paying with “cash” doesn’t necessarily mean that you carry a stack of hundreds. Use a debit card and not a credit card. You are coming from a responsible place with your money. The majority of people that need this video don’t need to use credit because they will get into trouble. Also, cash back cards only work when you don’t carry a balance and pay a bunch of interest. You have to remember who you’re talking to out here.
Great video as always Andrei! I personally use credit cards for all of my purchases go get travel points and I just have a direct debit which pays it off automatically every single month. Just over 60,000 points now :D
The one thing you have to also remember when saying that Dave Ramsey says to burn your credit cards is his audience. The majority of people that call into his show, the ones he tells to burn their credit cards, not take out loans, etc are not the type of people that responsibly use credit cards or credit in general. His calls are mainly people in terribly dire financial crisis. Crisis caused by taking home loans they can't afford, financing un-affordable lifestyles with credit cards, and other really horrible financial habits. In those scenarios, it makes sense to for him to suggest burning their credit cards, even though credit cards, when used responsibly, can be hugely beneficial... simply because those people have shown an inability to use them responsibly.
The exact opposite can largely be said for Graham's advice to USE credit cards. His audience mainly isn't people in bad financial positions. Most of his audience are people who use credit responsibly, can restrain themselves (for the most part) from living a lifestyle they can't afford, and in many cases are in pretty good shape financially.
It all comes down to what type of person you are. If you are the "I must have all the shiny stuff, regardless of whether I can afford them" kind of person, then stick to cash but if you are the opposite and can resist those temptations, then credit cards are definitely better. The only exception to this is, of course, hologram Poke'mon Cards... because everyone needs those even if they have to finance them. :-P
Alecium Thank you Captain Obvious!
Andrei, as someone that used to finance telephone systems I can assure you, stores WANT you to finance with them. Every time you sign a car lease the dealership gets a percentage. A fairly large percentage. Plus, they can ADD points, up to 7% in most cases. So if they sell you a 20K car worst case the get an extra $200 up to $1,700.
I just feel the need to thank you. Coming from Italy, I was in the same situation as your parents... Not being familiar with the system at all! And I am still learning 🙈 but I am luckily debt free and intend to stay this way!! And maybe start making some more money by investing, let's see if I have the courage!
You should have a get together of your fans in Vegas
Advice and magic trick! Dude amazing channel.
The only time I can think of using cash that can be good for a deal , is if you are buying a house in full with cash , a lot of people owner/seller prefer that
Please do a video explaining ETFs, the positives, negatives, what they are, who offers them etc. thanks in advance.
Wow, just about to make a video about why people need credit cards. People STILL fight me on this!
Yea people are still terrified of credit cards 🙃
Yeapp
Andrei Jikh yes, for cause.
Regardless Of rewards people typically spend less using cash.
Ironic that you post this today. I am releasing a video on credit cards vs debit cards today! It’s a clear choice to me! And now... to watch, learn, and be entertained!
Interesting, I've never had a Credit C. Have always managed myself with Debit.
ED yeah credit is way better if you are disciplined with it
@@allentube3284
If I were to get a credit card and use it to buy things. Can I pay it off on the same day I used it and still get the points? 🤔
I agree that a comparison between Debit and Credit Cards is more fair than comparing literal cash with Credit cards.
ED yes, you could. In fact for most transactions, (other than a CASH advance, you can make use of the credit card funds without incurring an interest charge for 30 days, or until the next payment cycle. A cash advance generally begins to incur an interest charge from the moment you take it. Often with an additional fee in excess, or on top of the immediate accrued interest.
The only time you should use cash is if it is cheaper than credit cards like vending machines (the ones I have used charges 20 cents extra) or you can't handle credit cards
What an engaging beginning. Just subbed. Loving your videos andrei!
Dave Ramsey is throwing roundhouse kicks in the air right now after watching this video.
Tried to buy a truck the other day with cash. Now, I fully understand time value of money but I want a Zero debt lifestyle. The dealership and salesman wouldn’t even go forward with the sale. Its US backed fiat currency... In God we trust 100% earned income. The sticker price said 48k I offered the full 48k in cash and they refused... now why is that...?
Awww loooooooooooooveeeeee the parent's story
I am so glad to have found your channel i have been binge watching .lol. I have tried to listen to other people but either they want u to buy something or i dont understand what they mean. Thank you for your honesty, transparency, your humor, and how you explain things . i have learned more from you than years of watching others videos. I want to invest but i get so frustrated listening to others explain because i dont know the verbage .. I appreciate you. I am a single mom and wanted to invest for my kids future but fear making the wrong decision because i know nothing about investing even researching still makes my head spin but watching your videos gave me an idea of what i could look into and i really do appreciate you for it.. You have alot of knowledge and i appreciate you sharing that with us.Thank u so much. ♥ sorry about long comment
Thank you so much Tiana! That means a lot! I know it’s confusing but people try to make it more complicated than it actually is so they can sell you a solution to it. The truth is, no one knows what’s going to happen, the best thing to do is find a strategy that works best for you mentally speaking, and stick with it by being consistent
Signed up last week on your Webull link...500 bucks, they gave me a stock that didn't even meet the 12 buck threshold. No matter, I love your work and appreciate all the great content.
Credit cards. How else are a billion people earn free flights?
By running for bird points.
By breaking the world record on flappy bird
Andrei, your dad's background as an acrobat explains your initial forays into the showbiz industry and your talent for entertainment. Thanks for the video, I have liked it.
The paradox of all the rewards the CC companies are offering you is that they can offer these rewards because other people are carrying a balance each month. And if everyone was responsible with their cards to game the system so to speak, the CC companies would stop offering the rewards because there's no debt to pay for the cash back or the travel. The reason why you can have all the rewards necessitates people carry a balance, hence the paradox.