Thats why i refused to study macro economy, it is total insanity. And has so little to do with reality… and then i discovered quantum mechanics and now my brain still hurts.
My biggest regret is my car loan. I'm in crushing debt with a family. Its a 6 seater SUV, but it was a panic purchase because my other car's engine failed.
My last vehicle that I purchased was around $20k and my credit was low 600s. This was about 5-8 years ago. My interest rate was 7.5% then refinanced down to 5%. I traded it in for another used truck 2 years ago and my credit was 710ish. The truck price was $30k. My interest rate on the new truck is 10%. For the receipts to prove it too.
Anyone telling you that banks, wall st, etc are not ripping this country off is a liar. And anyone saying this country is not failing and we won’t see massive unrest within the next 1-5 years is foolish. Unless something changes but it won’t because the wealthy have speculated and spent so much money we can’t escape it unless we continue to print and devalue the currency or we have mass civil war until these tyrants are removed.
If you buy a car evey five years with a loan, just skip one cycle, save and start paying cash for them. Then every third car is free. I will never borrow money again.
Only problem with this is that house buyers made money loaning to buy houses. It's like you retcon that the system actually worked for 50+ years, because the world created other ways to drain cash from workers.
The fact that I have 3K+ virtual books that creates no value, since the books depend on me being a live. The world found a way to make everything else than houses something that drain wealth. My phone drain my wealth, my apps drain my wealth, my computer is worthless the day I want to buy a new one and on and on, we have killed all ways to make wealth over time, except for loaning to buy houses, but no one can afford to loan enough now.
This has been an old trick around military bases for decades. You get someone fresh out of basic and offer them the funds to buy a charger or mustang with a 40% APR.
Yep. America is a nation full of stupid consumers who don't learn. All the smart ones with motivation are rich because it's that easy if you can do basic math to build wealth.
And Credit Cards come at an even higher interest rate for things more worthless than a cars.
Thats why i refused to study macro economy, it is total insanity. And has so little to do with reality… and then i discovered quantum mechanics and now my brain still hurts.
My biggest regret is my car loan. I'm in crushing debt with a family. Its a 6 seater SUV, but it was a panic purchase because my other car's engine failed.
My last vehicle that I purchased was around $20k and my credit was low 600s. This was about 5-8 years ago. My interest rate was 7.5% then refinanced down to 5%. I traded it in for another used truck 2 years ago and my credit was 710ish. The truck price was $30k. My interest rate on the new truck is 10%. For the receipts to prove it too.
Anyone telling you that banks, wall st, etc are not ripping this country off is a liar. And anyone saying this country is not failing and we won’t see massive unrest within the next 1-5 years is foolish. Unless something changes but it won’t because the wealthy have speculated and spent so much money we can’t escape it unless we continue to print and devalue the currency or we have mass civil war until these tyrants are removed.
I f’ing love the snarkiness of your videos, rock on!!
Edward Bernays Century of Self. Sell the desire.
If you buy a car evey five years with a loan, just skip one cycle, save and start paying cash for them.
Then every third car is free.
I will never borrow money again.
I just learned about car loans from this video…can't believe they're real
Only problem with this is that house buyers made money loaning to buy houses. It's like you retcon that the system actually worked for 50+ years, because the world created other ways to drain cash from workers.
The fact that I have 3K+ virtual books that creates no value, since the books depend on me being a live. The world found a way to make everything else than houses something that drain wealth. My phone drain my wealth, my apps drain my wealth, my computer is worthless the day I want to buy a new one and on and on, we have killed all ways to make wealth over time, except for loaning to buy houses, but no one can afford to loan enough now.
Just forgetting gov't mandating crap we don't need. And it's our fault too for wanting bluetooth, leather, GPS, etc. Tech isn't free.
😮💨.. so good
But it's only 800 a month
Don’t borrow money for consumer goods. Only to invest like a mortgage or education. Credit cards are the worst.
Rich people drive moderate vehicles and pay cash.
Remember, it's cheaper to pay the fine than go without car insurance for a year.
This guy has been cracking me up
False economy
We all want a new car but shouldn't get one
These are the same idiots that caused the crash in 07'
These videos are simply the best ever! 😂
This has been an old trick around military bases for decades. You get someone fresh out of basic and offer them the funds to buy a charger or mustang with a 40% APR.
That's why I like my 20k new cars like Mitsubishi Mirage
Yep. America is a nation full of stupid consumers who don't learn. All the smart ones with motivation are rich because it's that easy if you can do basic math to build wealth.