The Cleverness of "Buying On Terms"

[@evanshlom1]

since most people are financially impatient, buying on terms ruins a lot of people and causes recessions. It's fast good feelings but if you buy on terms without an expected positive return on investment or without seriously needing what you're buying, then that's being broke it's not really clever it's stupid

[@gamelandmaster3680]

Yep, paying on terms is a dangerous game. If you were to buy something on terms you are basically renting it for a temporary period of time. Since most contracts contain a clause for what happens if regular payments fail, you will almost certainly pay a steeper price than you would have wanted to. (Just adding to what you said)

[@JustATotalNerd]

That being said, these kids will be pushed to do it so at least they can understand how they're being fucked

[@7willymak]

You are a fantastic teacher and educator. Great energy and clarity. Truly well done!

[@highwaytohelles4561]

The main reason cars and homes have gotten so expensive are loans. If there weren't any loans, a Range Rover would cost you less than half. Loans give companies the possibility to extract way more money from a product. Just an example: I have it on good authority that a BMW X3 costs about 8.000 € to produce. That includes R&D!!!. But it gets sold at 45k or so. Pretty nice markup. Why is it possible? Because of loans. If there weren't any loans, BMW would have to sell that car at 20k or even less, because no one could afford one.

[@jacksonprobst]

I feel like they wouldn't sell expensive things for way cheaper they would just sell way cheaper products.

[@alexandrevieira2410]

Well without loans you'd have to work until 90yo to buy stuff

[@haoyangsun3278]

No

[@BirdsTheWurd]

I wish I had high school teachers like this dude. If we as a society started implementing this style of teaching and interaction we wouldn't even need a reform necessarily like we do now. In the U.S. anyways

[@1littlelee]

this aint high school I believe its in aussie this is uni

[@scottgreen132]

@@1littlelee this is at Cherrybrook Technology High School

[@BirdsTheWurd]

@@scottgreen132 yeah this is a solid High School teacher but would do well at a college too you can tell

[@emannurhakim807]

Great teacher

[@scribbles3507]

What type of whiteboard markers are you using? They look nice.

[@ricelemon1921]

Eddie please respond to this person they have been waiting since 2014

[@synaesthesia888]

@@ricelemon1921 is this the only comment on this video???

[@austfox2170]

I think Scribbles might be disappointed. They look like Artline Icon whiteboard markers that went out of production in 2019!

[@monke8949]

@@austfox2170 you sure know your whiteboards.

[@smolneso]

@@austfox2170 I hazard to think they've been Artline 577s all along!

[@weiniesail]

He forgot the benefit of leverage.

[@omgitsmypanda]

The bnpl before bnpl

[@josephsacco8381]

Lol did he just use Keanu reeves as an example of a wealthy spendthrift

[@6729solarwolf]

Sssshhhhh

[@SarahR2D2]

It has translate to English under your comment 🤣🤣🤣

[@kspavankrishna]

lol

[@bjornanderson3645]

Wants to buy Range Rover, don't know what it costs.

[@FlareiOS]

Classic australian

[@nayeb2222]

Shame no one said they wanna buy an AK 47

[@SP-qo1so]

One kid said tank. That works for me.

[@bjornanderson3645]

You can't afford a AK? That's sad.

[@nayeb2222]

@@SP-qo1so can't mass shoot with tank tho

[@nayeb2222]

@@bjornanderson3645 sad indeed

[@KathanThakkar]

Because they are not in USA!

[@SP-qo1so]

Kids need to learn how to close their mouths and listen. Jesus.

[@Piotr_Tokarz]

It started because of the topic, everybody was probably thinking what is expensive outloud

[@zacmac2002]

Way better that they're engaged in what they're learning, enjoying the lesson, rather than being dead quiet and bored out of their minds. Even if they are a bit loud.

[@SarahR2D2]

@@zacmac2002 It becomes disruptive if they are too loud. Some students have learning disabilities where they can't filter it out

[@dodgechance4564]

Bro that level is noise is nothing