DEBIT vs CREDIT Card users: who is RICHER?💳💰

[@nicktalksmoney]

📌Here’s my (always-updating) list of the BEST credit cards available right now: travelfreely.net/best-offers-for-nick-talks-money Debit vs Credit Card users: who is RICHER?💳💰 I was very surprised that I couldn’t find any hard data for how much more credit card users SPEND than debit card users, it appears that it’s pretty similar (though I’d assume slightly more for credit cards) because you get the same dissociative feeling of paying for something with a piece of plastic vs paying with cash. Popular studies have shown the typical cash transaction is ~80% less than the typical card transaction, though this seems to me like it’s mostly for convenience’s sake - ain’t NOBODY trying to carry around $1,000+ in cash. What I’m trying to say here, and in the video, is that using a credit card is a NO-BRAINER as long as you use it responsibly. The many benefits include, but aren’t limited to: credit score building, cash-back/travel rewards, built-in insurance, fraud protection, etc. But keeping track of all the latest & best credit card offers can feel like a full-time job, which is why… 📌I have a comprehensive list of the top credit cards available right now: travelfreely.net/best-offers-for-nick-talks-money Subscribe to learn more of what school SHOULD’VE taught you about money🧠 Appreciate you! -Nick

[@RoyalDarkrai]

If you were wondering he was using a cash app credit card in the video.

[@jojobaseballandadventures4070]

Did anyone even read all of this

[@Eventer_Hunter]

i did

[@nicktalksmoney]

@@cody2975 but wouldn’t you rather have MORE if it??🤔

[@Joshiboiy]

Why did you use "Monkeys Spining Monkeys" as the audio?

[@killingflames]

Just remember 1 slip up on the credit card and you'll pay interest way more than the cash back you got

[@RushButter]

That’s why you spend bellow your means, whether you use a credit card or debit card, or even pay with cash. Also budgeting could a lot with this. I have automatic payments setup so I ALWAYS pay the statement balance off in full every time.

[@bloxer9563]

"1 slip up"

[@wojtekpolska1013]

Imagine living in a country that rates your value as a human by assigning you credit score

[@mar25947]

Wish more people realized this, lol. Eat the rich lol 😂

[@memes4u378]

If you get a credit card you need to use it wisely in the early run to keep your credit card score up and pay your expenses on time to avoid paying intrest

[@paulkrug9807]

You know when you look at someone and you just hate them for it? That's how I feel about you.

[@hawkmandude8059]

Omg thats what i have been thinking. Such a punchable face with dumb "advice"

[@Echo-bt1dp]

🤡🤡🤡

[@crud8177]

@@Echo-bt1dp love the selfies. keep up the great work!

[@Echo-bt1dp]

@@crud8177 thanks bro

[@Echo-bt1dp]

@@crud8177 it was a joke anyways

[@foxhounds6326]

Why are your eyes almost closed and you have a smile that screams “I hate my life”

[@Agent_Coulson]

The thing you forget to mention is that most people can't afford cards with those perks.

[@gdead2]

are you dense? there are a lot of reward program credit cards with no annual fee.

[@Agent_Coulson]

@@gdead2 Are you dense? If that were true, why doesn't everyone have them? Also, the very few programs without an annual fee have shit rewards that won't affect anyone.

[@PieStudios]

@@Agent_Coulson I’m 18 with no credit history and I got approved for a $1000 Discover card with 2% cash back on gas and restaurant purchases, along with 1% back on everything else. It’s very much attainable.

[@teslagasoline5629]

​@@Agent_Coulson Im 19 with a capital one quicksilver card as my second credit card, gives 1.5% cash back on every purchase which goes into a separate fund accessible in the app. It really isn't that hard to find good cards. I'm sure when I have better credit and more history it will be a piece of cake to find a 2% or higher.

[@ezequielperez8535]

​@@teslagasoline5629 and what's the interest if you barrow money 20% a month 🤡

[@TheyAreTheEnemy]

Ye I’m gonna go do something dumb with my life just to win a bet

[@frostyflakes69]

Man I hate how unrealistic these channels are and the 10 years thing too

[@Guy_Sandler]

Some debit now offer rewards like current

[@valentinasyla2293]

I think this whole year a lot of things are going wrong. Gas is outrageous, food is high and rent is steadily going up. I think people are starting to be selective on what they spend, the economy is crazy right now! I read about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning? I would appreciate

[@danteandrea249]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks

[@dlark880gmailcom]

We know that we live in moments of uncertainty, however, these moments are also opportunities for those who know how to take advantage of opportunities. Crypto is bringing a different revolution in the world economy and optimistic investors earn consistently through it trust me

[@felipeberardi4288]

I diversify into other financial instruments too but majorly crypto. I really don't trade, I only invest with a professional assigned by a crypto company that trades for people and returns profits on weekly basis for me and you can invest your capital and get weekly Returns of investment (ROI) without any extra fees attached

[@felipeberardi4288]

The professional is Ms Jennifer Fortune 🔥

[@stayingalive646]

please how can I reach her, I want to invest?

[@TheDay1_]

I don’t care about your advice, I just like seeing your characters

[@Vanny_Loi]

yk… I’ve unconsciously been doing this ngl

[@brynnemeza]

Same bro

[@arianbehnami1050]

When you ignore risk, anything is possible

[@kierandean8220]

DANGEROUS ADVICE. Only replicate if you know what your doing

[@willoeters9681]

This only works if you can pay your payments on time

[@0GGGG]

I have no idea what they talked about yall sounded like my math teacher fo sure 😅

[@andrewz61]

You pay for the credit card rewards every time you make a purchase somewhere

[@Susgamer1]

Yo finally he got something right

[@repicrepic1461]

Which is the best overall credit card which includes good premium benefits, cash back and travel rewards for a member of the eurozone

[@samuraileg3nd278]

Ok these actually inform, not the invest half your medium income salary ones

[@tadpolejones3782]

Wow a scenario that everything went to plan and nothing went wrong , definitely not how it would play out in real life, 55% of people don't pay off there card at the end of the month.

[@126644]

I do, maybe I'm a unique case

[@noahgearhart4098]

Because they bought things they couldn’t afford. If you just use it to buy normal things that you would already buy it wouldn’t be a problem.

[@RushButter]

Don’t overspend. Easy as that. If you can’t do this, you really need to build up your discipline with money management.

[@magni45]

BEST GREENSCREEN EVER

[@nicktalksmoney]

Do you use a credit card, debit card, or cash for the majority of your spending?👀

[@nicktalksmoney]

*forgot to include the option of bartering with commemorative gold coins

[@lowgravity88]

Cash because I’m 12 but I’m getting a debit soon

[@lowgravity88]

Also love the vids

[@jeannesery9936]

You did not pin your comment so more people can see it...

[@user-38rufhoerh3id]

Currently 14, using a debit card because I don't have a reliable source of income. Credit is probably better when I have a nice source of income but when you're 14 and your income is money from gifts, a debit is probably the better go to card in my opinion.

[@ethank5951]

Everything’s well until you forget to pay your debt and fall into their trap

[@gdnoahplayz]

Mr Beast: No problem for me!

[@landon8135]

The reason why Dave says that I because most people can’t handle the credit card and get into serous debt that can ruin them for meany years

[@lucscott3631]

Yeah, nkt to mention, you generally spend more when using a card. I don’t love all the shit that Dave Ramsey says but I think some of it is good advice

[@eclipsetech8336]

Credit card is risky and very hypothetical, when you have a family of 5 you may benefit from always having money but it may be hard to pay on time, you'll do over limit damaging credit score.

[@NanoWealthGuy]

Personally I can care less about the rewards but the mortgage thing is a big deal.

[@thedemonxd9197]

That’s the venture by the way and 2% everything I think if not the better option would be the venture x.

[@I_AreGreg]

This guy when people don’t have an extra 100k for credit cards and can’t like on half of 35k a year 😢😢😢

[@inactiveeagle04]

I trust Dave Ramsey

[@kipkipskie6707]

Credit cards are good but you need to be careful

[@nicktalksmoney]

Definitely! They can be powerful in both good & bad ways depending how you use them

[@ezequielperez8535]

​@@nicktalksmoney stop giving fake money advice and trashing dave Ramsey unless you have a higher net worth.

[@MrHell0]

@@ezequielperez8535it isnt fake money advice also higher net worth doesnt mean that person is more knowledgeable about finance

[@ezequielperez8535]

@@MrHell0 yes it is any person who has studied a bit if psychology will know exactly what's wrong

[@MrHell0]

@@ezequielperez8535 then tell me whats exactly wrong

[@Tucker_Carper]

WHATS UP EARLY GANG

[@DAMitAlI]

Yeah I’ll get a new Croft card as soon as the US has a balanced budget and the debt is diminishing.

[@Lixunur]

If you are that good im financial decisions why aren't you a millionaire?

[@certifiedbasicbee]

Investing is haram Credit card is haram Advice from tiktoker is haram

[@caelwynne6549]

How am I early

[@nicktalksmoney]

Bc you’re a 👑- appreciate you Cael!

[@BraveImmortal101]

😂😂 fucking hell mb I should pay my loans

[@kyloluma]

ignore the fact that if you get fired you are absolutely screwed

[@ghostofqueenelizabethii]

You couldn’t not blur it?

[@Japhox45]

To all my Canadian. Get a black Mastercard. 69$ annual and comes with unlimited road side assistance and tow. Cheapest AAA you'll find!

[@NexusRealm822]

Since I’m muslim i cannot use credit card because of interest

[@JrTpermwithtwochihuahua]

Well, you should get credit and debit because you can’t use a debit to pay for the money that you’re borrowing for the bank and you can use the money that you got back to Pay the bank

[@omarmurtadha4105]

How does he talk and smile like that

[@Abdul_The_One]

bro whos betting for 5 years, when i bet that shit dont last a day

[@donovanulrich348]

Its important to balance the credit and debit Even poor boys can afford a debit card and 2 credit cards. Use debit on bills and food, credit on luxury items and business expenses (gas) And only use 1 card to charge against and the other takes the balance before the end of the month. So your statement reads 0 so 0 interest

[@Ravenlen]

I would like to pay with my American Express card worker: sorry sir it declined

[@shabanbajraktari9617]

He finnaly didn't advertised his channel

[@nicktalksmoney]

I gotta make a living out here fam🥵

[@scottb9997]

Australian credit cards be like You can have high interest or high annual fees No reward system

[@Shark9637]

Then debit card it is

[@bunnity2767]

“oOoOoOoH fReE tRaVeL”

[@RushButter]

It really is. You gotta put some time into it but it really is super nice.

[@qBeYcarpet]

Idc who is right but all the financial advice short channels these days are obnoxious compared to dave ramsey

[@dorienpericles1606]

hey im early too

[@tmajiick]

Tax where I live is 9.25%, 2% won't even put a dent in the tax. Then after they tax that what's actually left?

[@RushButter]

You’re not thinking of this in the right way. It’s more so that you’re leaving money on the table if you don’t use a credit card that at least earns you 2% back on every purchase. This is of course assuming you pay off your card on time and in full.

[@mrtnmothball]

Get both, debit is a good all round option and credit is better for expensive purchases that could be declined after purchase such as plane or concert tickets

[@God28892]

Bro just get both

[@jumper9108]

The cult of Ramsey

[@PhanthomKnight9]

Debit is if you can not be responsible with money or just don't see the point of it because possibly you would be going into major debt. Credit card is for the people who are very responsible with money. Credit cards are a thad bit more practical but you could just have a day were you just start using it and then go into massive debt.

[@matthewgarcia2119]

Uhh...Where is their finacials? It went from "I bet ill be richer than you" to "look at the beifits and money i saved." We dont know how much each of them make? We dont even know thier net worth. Its all about risk vs. Reward. More risk=more money, less risk=less money. Risk=how likely you are to go bankrupt with negative life events.

[@mrcringe25]

I wanna see th8s guy open his eyes

[@RedditMysticismVideos]

Are you Gordon's brother ?

[@yitraboom]

Lemme guess, you also invested 99% of every paycheck

[@hellothere3693]

Dont get a credit card if you cant afford it

[@rctt851]

Give me your credit card information😅😂😂

[@man010706]

I will pay by cash

[@LatterDay-Soldier]

I have bing subbed for a month and I can already see wear this is going.

[@FDKuzkoBG]

how to go broke tutorial

[@worldofoutlaw1353]

I don’t think you’re loan will be 12 million dollars

[@jochemvandenhoven8307]

Why does he have Chinese eyes?

[@yousefkhouryduckman]

credit cards have to be used wisely tho

[@RushButter]

Which really isn’t hard to do. Don’t spend more than you got is a simple thing to follow.

[@minecraftdweeb2753]

Soo not halal mode credit cards are haram

[@kirtzy_]

Is he always squinting?

[@PsychoSZN123]

Muslims be like: guess im broke

[@connorjames1383]

But do you understand when you have student loans you can’t always pay the due on the card

[@RushButter]

I had student debt and payed my card at the same time, you just have to budget your money and not overspend. It’s easy not to overspend when you can clearly see where your money goes.

[@TheAazah]

If you want a credit card you want to stay broke - Mark Cuban Who is worth over 4 billion dollers. This guy isn't that rich.. I will trust the advice of millionaire's to billionair's Not some guy on tiktok.

[@teslagasoline5629]

Yeah, so he only said that because of credit cards interest rates, which can be entirely avoided if you're just smart with your money. His advice was to take out personal loans, which on average have less interest. But personal loans don't give you rewards like cash back on purchases.

[@RushButter]

There’s plenty of actual licensed financial advisors on KZbin who will say the complete opposite is true. Also read up on The Millionaire Next Door, it also very much disproves that credit cards are for poor people. And this is coming from a book that has actual research and statistics.

[@Ryo_909]

What is the difference between credit and debit cards?

[@TheAazah]

Debit card you using your own money.. a credit card is using somebody else's.. do not follow this guy advice.

[@Ryo_909]

@@TheAazah ok

[@justinsmith4354]

@@Ryo_909 Wrong. Yes, using a credit card is using someone else's money but basically what it is you borrow money and if you don't pay within a certain amount of time the amount you owe will grow. But if you use the credit card as a debit card you will only be paying back the amount you spend as long as your paying back on time. And the more you use it the higher credit score you get which is good. And some cards come with rewards.

[@samueleveleigh2767]

Wow, i thought youtube didnt like false information on their platform these days. Good for you fighting the man...

[@nicktalksmoney]

Wym?🤔

[@nlsluckyegg8771]

2-5% on a starter card...?

[@RushButter]

Discover it credit card and Freedom flex do this and they’re started cards. I got my discover it when I was 19 and my freedom flex when I was 22. These cards earn you point on rotating categories, and if you spend within those categories you get 5% back. The freedom flex goes even further giving you 3% back on dining and drug stores.

[@yonowaaru]

This made me cringe uncomfortably

[@Chicagogripripper]

Try this challenge while black

[@RushButter]

I can’t speak personally on being black but I am Hispanic and it makes no difference. It’s more so that us in minorities aren’t taught much or at all about financial literacy. I taught myself everything I know and I’m only 23. There’s so much resources on KZbin to help you with this. Take some of that advice with a grain of salt but overall I’ve had good experience from the advice I’ve gotten. I recommend reading the millionaire next door and also watching the money guys show, they’re super good places to start.

[@Chicagogripripper]

@@RushButter thanks but I'm 14

[@albertobrito7889]

these are llies dont follow them ive followed dave ramsey since i hit bankrupt with my credit card and im know a multimillionare

[@Thatguywhogivestheonlydislike]

What's wrong with his face

[@domameno]

🤡

[@GB-sr9kv]

yeah well when the time comes and you can’t pay off something with your AmErIcAn ExPrEsS PlAtInuM cArd then you’ll see how sticking to debit and just doing stuff your way that fits you, you’ll see how debit card users don’t need help and there are no bad things either and you can just spend money how you want to

[@jakecortez4795]

Except you won’t be able to get a mortgage with a debit card

[@gentinisbytyqi6618]

these videos make me cringe so much

[@angelolagrutta4679]

5% my ass lmao

[@bumbahumba]

The wafflehouse has found its new host

[@Fisterkoo]

the waffle house has found its new host

[@inthedayvlogs4497]

I used to play gta san andreas with 0 1 9 8 7 6 and others that i dont remember