People on Their Credit Card Debt

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LAHWF

LAHWF

Күн бұрын

Пікірлер: 1 100
@LAHWF
@LAHWF 2 жыл бұрын
FYI you need to have a hat in the shopping cart for the promo code to work otherwise it might have an error! Thanks for the support!
@xxjongjongxx
@xxjongjongxx 2 жыл бұрын
You should react to xqc’s reaction to the downward spiral vid.
@spilledsoju03
@spilledsoju03 2 жыл бұрын
What happened to your watch company what was it called?
@JesseRyan
@JesseRyan 2 жыл бұрын
@@spilledsoju03 im pretty sure it was called Keith Urban's
@youtubeshortsanycontent
@youtubeshortsanycontent 2 жыл бұрын
we wanna see some videos of you working on your free throw
@buckamoona
@buckamoona 2 жыл бұрын
that hat looks in worse shape than my credit card debt
@PInk77W1
@PInk77W1 2 жыл бұрын
My hi water mark was $27,500. Paid it off. Now $0. Cut it up. Now no debt House paid for $42k in savings
@megagunner12345
@megagunner12345 2 жыл бұрын
One tip I'd give for these videos is to try and ask questions that reveal interesting opinions. When it's something technical like this, you often find people just give yes/no/very-simple-but-reasonable answers to questions. Open-ended subjective uestions like "Is money important?" are going to result in more interesting convos than "Do you think renting or buying a house is better?", which is a fairly closed question with simple reasoning given on each side that doesn't really reveal too much about the personality/motivation of the person being asked, which is really what you are trying to get at with these interviews
@LAHWF
@LAHWF 2 жыл бұрын
No doubt! thanks for the tip
@Scintillius
@Scintillius 2 жыл бұрын
@@LAHWF No doubt.
@megagunner12345
@megagunner12345 2 жыл бұрын
@@LAHWF No probs. Just trying to help. Love the videos man!
@huhhuhhuh4069
@huhhuhhuh4069 2 жыл бұрын
@@LAHWF Look up Tim Ferris how to ask better questions for some nice tips.
@AnonymousGameWarden
@AnonymousGameWarden 2 жыл бұрын
No Joe. No.
@RaleighLink
@RaleighLink 2 жыл бұрын
I paid off all credit cards as well as my car and closed all accounts. I have been debt free for several years, paid for my college in full with money I saved, now I'm on my way to becoming a Veterinarian. Being debt free is the best thing ever I couldn't recommend it enough to others.
@hdrider2071
@hdrider2071 2 жыл бұрын
You single ? 😆
@Hennys_Mobile_Detailing
@Hennys_Mobile_Detailing 2 жыл бұрын
Why don’t you buy a multi family house now? Your credit must be good. 🤷🏽‍♂️ think about it and educate yourself on that. You’ll rent one side and live on the other side. Have a investor mentality instead of a consumer mentality 👍🏽
@NotTrustedSource
@NotTrustedSource 2 жыл бұрын
having a credit card can be a good thing u know
@Seashellsbytheseashore21
@Seashellsbytheseashore21 2 жыл бұрын
You’re gonna fuck up your score by closing the accounts. You also need credit cards for various stuff a lot of the time like hotels and renting cars. If you want to be a vet you’re gonna go in a lot of debt for vet school. Good luck
@iPlayOnSpica
@iPlayOnSpica 2 жыл бұрын
@lAcid Rainl Credit score plays big if getting a loan or mortgaging. Buying a car with cash is doable (and is the only way I've ever bought cars), but a house is nearly impossible to buy with cash for 90%+ of Americans.
@FuzioN2006
@FuzioN2006 2 жыл бұрын
With all the online purchases these days, it's great to have a credit card as a protection buffer. You REALLY do not want your checking account info being leaked, but if someone wants to steal your credit card info and take on the fraud department of a multi-billion dollar company, it's their funeral. You just report the card stolen and mark which charges are fraud and you're done with it, no stress.
@bllasae
@bllasae 2 жыл бұрын
This. And the fact that I had to deal with the fraud department of a really shitty bank when somebody took money out of my account made me sway even more towards that as well.
@Mr.Helper.
@Mr.Helper. 2 жыл бұрын
Yeah I agree , I put everything on my Amex and have a backup Mastercard….. I never ever put my debit card out there
@debbieframpton3857
@debbieframpton3857 4 ай бұрын
Simple I never buy online. I don't even order groceries that way
@UNIT294
@UNIT294 3 ай бұрын
​@Mr.Helper. is AmEx worth it?
@runningfromabear8354
@runningfromabear8354 3 ай бұрын
​@@UNIT294 depends how much you travel and if you live in a big city. Loved it for 15 years. Moved out to the country and not traveling anymore. Worthless out here. It's definitely a card for travelers and major cities.
@ejay30
@ejay30 2 жыл бұрын
I have a 800 score. And have worked myself all the way down from almost 8K in credit card debt. It’s taken a year which is insane to think about. But once I have this paid off I don’t see myself using my credit card again for awhile.
@SanjiChury
@SanjiChury 2 жыл бұрын
My debt is about 63K. No worries at all. Life is good 🙂
@2weakkickflip
@2weakkickflip 2 жыл бұрын
Alternatively, you could learn from that experience and leverage credit cards to save money. They can be hugely beneficial in that respect IF you treat them like debit cards. For me, every 6 months I get enough cash back that I can take a vacation for almost nothing. I make sure to use the highest cash back card for each category, and I buy (mostly) only what I need. But if the temptation is too much then yes, ceasing to use them is probably the way to go. And congrats on the 800 credit score!
@BuyBBStonk
@BuyBBStonk 2 жыл бұрын
I've got 5 credit cards, no annual fee, all cashback and always pay them off. Basically credit card companies pay me $1000 a year for all my spending that's within my means.
@jynx7254
@jynx7254 2 жыл бұрын
i have 3 and i have no debt. no annual fees either. cashabacks and great perks.
@gbpackersfan6
@gbpackersfan6 2 жыл бұрын
The credit card companies make money each time you use it from the retailer and you spend 80% more with a credit card vs cash. You are not beating the system
@log7029
@log7029 2 жыл бұрын
@@gbpackersfan6 80% seems like a bit of a generalization no?
@johnvirginia7238
@johnvirginia7238 2 жыл бұрын
@@gbpackersfan6 unless you go to the register and they say that you have to pay an extra percentage on top of the final price if you use a credit card versus cash then what you just said, makes no sense as long as you pay off that credit card balance every month
@johnvirginia7238
@johnvirginia7238 2 жыл бұрын
@@log7029 he might not be all there or he might not even have good credit to even be able to get a credit card
@viridianloom
@viridianloom 2 жыл бұрын
I think I avoided credit cards until I was 25. My parents were always in massive debt so I avoided using credit. It wasn't until I met my current girlfriend that she convinced me to get one for building a credit score. I just buy groceries/gas with it and pay it off every month.
@S0DAo
@S0DAo 2 жыл бұрын
But what’s the point? What rewards do you get?
@MrPVids
@MrPVids 2 жыл бұрын
@@S0DAo to increase the credit score? future mortgage, other payments etc... unless youre responding to cory lol
@S0DAo
@S0DAo 2 жыл бұрын
@@MrPVids no I’m asking because I have no idea about this stuff and live in the uk not the us so want learn if I should get out a credit card too
@SenpaiTorpidDOW
@SenpaiTorpidDOW 2 жыл бұрын
@@S0DAo Yep it works the same way in the UK. You want to build up credit score so you can borrow more money later when you need for good reasons (such as a mortgage or a business loan). You build credit score by regularly paying off your balance and never going into overdraft AND not getting too close to your borrowing limit at any time. You lose credit score if you quickly open/close different credit card accounts. If you go into overdraft or if you regularly get close to your maximum borrowing limit.
@Randomuseryouhate
@Randomuseryouhate 2 жыл бұрын
@@S0DAo rewards are an incentive to low iq people to use their card as much as they can. you can capitalize on this if you use a card in a smart way. buy things you already have cash for, and are usually reoccurring. this way you never go into debt. gas and food is a smart way. rewards are just extra and accumulate very slow. its only good if you do it the right way
@malalalalalala
@malalalalalala 2 жыл бұрын
"i got around 15 grand of credit card debt" andrew: starts laughing
@GrassyKnollLawnCare
@GrassyKnollLawnCare 2 жыл бұрын
is it bad if i have way more debt than that? LOL
@GrassyKnollLawnCare
@GrassyKnollLawnCare 2 жыл бұрын
@@rolandocruz1695 i have a way different response than these people with debt LOL. maybe im just a poor boy from a poor family?
@Ryan83728
@Ryan83728 2 жыл бұрын
@@GrassyKnollLawnCare i recommend you KZbin a video on how APR works
@CalbyNg
@CalbyNg 2 жыл бұрын
I wonder how they were just given a credit card 🤔
@GrassyKnollLawnCare
@GrassyKnollLawnCare 2 жыл бұрын
@@Ryan83728 i understand APR and interest.
@AthenaIsabella
@AthenaIsabella 2 жыл бұрын
I once racked up 15000 too, finally paid it off. If I can do it, anyone can!! ❤ wishing everyone a debt free life or at least low interest!! ✨
@smashcut2
@smashcut2 2 жыл бұрын
Thanks Athena! ❤ im 1,500 in debt and it seems insurmountable so i appreciate you
@AthenaIsabella
@AthenaIsabella 2 жыл бұрын
@@smashcut2 you’re welcome!! you got this, literally no doubt ✨
@swagkidm10
@swagkidm10 2 жыл бұрын
@@smashcut2 i just paid off 8k of debt i had, sold my truck but thankfully i got out of the payment and had enough to pay my debt💯 i feel like a new man lol
@ChrisOhMy
@ChrisOhMy 2 жыл бұрын
@@swagkidm10 It really is an incredible feeling. Congratulations
@smashcut2
@smashcut2 2 жыл бұрын
@@swagkidm10 Yesss congratulations! Thanks for the inspiration, I’m happy for you! 😁
@jonny4509torres
@jonny4509torres 2 жыл бұрын
I absolutely love credit cards. I’m 24 and have 6. Never paid a penny in fees or interest. But they certainly aren’t for everyone. Unless you plan on paying off your cards in full by the time they’re due, you should not have them. Credit cards have made traveling much more affordable and attainable to me. I’ve gotten over $2,500 in value from credit card points.
@dogchaser520
@dogchaser520 2 жыл бұрын
You can also just rack up a bunch of money and not pay them. That's the best way to go
@ouzsnfouaenxfgfgsgsuhoauvdjd
@ouzsnfouaenxfgfgsgsuhoauvdjd 2 жыл бұрын
For sure, if you’re responsible and treat it more like a debit card you’re paying off after every/every few purchases than it’s 100% worth it. I think a lot of people are just so irresponsible with it and pay so much interest that these companies can give out as many free points to the responsible card holders as they want lol
@ImVeryBrad
@ImVeryBrad 2 жыл бұрын
I use mine for free hotels. Hotels are so damn expensive now
@oldpoahh
@oldpoahh 2 жыл бұрын
you never payed a maintnence fee or annual fee?
@jonny4509torres
@jonny4509torres 2 жыл бұрын
@@oldpoahh Not yet, just got my first card with a $95 annual feel but got the first year waived. Even then I plan on keeping it. I’ll get wayy more than $95 in value from it every year.
@arvinng2531
@arvinng2531 2 жыл бұрын
Credit cards aren't all that bad as long as you're financially literate. They are a very helpful tool especially when it comes to building a credit history so you can qualify for larger types of credits like mortgages.
@timothyy7
@timothyy7 Жыл бұрын
I finished clearing out $63k in credit card debts just last month. What a blessing with all this leverage
@SupportTheLittleGuy
@SupportTheLittleGuy Жыл бұрын
Glad to see you back on the interviewing grind!
@joshua.butler
@joshua.butler 2 жыл бұрын
This is fantastic! Honestly top tier content.... too many people have credit card debt!!! Paying 20-30% interest is absolutely insane.
@williamlackey123
@williamlackey123 2 жыл бұрын
My day got better at 7:58 😂 seeing you lay there and say people are more financial responsible than you are was hilarious 😂😂
@tjebbedonckers
@tjebbedonckers 2 жыл бұрын
As a Dutch person I'm kinda amazed at how American the Dutch girl sounds, and how not so Dutch her Dutch sounds :D
@psxnitro
@psxnitro 2 жыл бұрын
My absolute rule with credit cards. Never buy anything you cannot afford to pay off the same day. I treat any credit card like a debit card, and I only use credit cards that has ties to a bank I have an account in, so everything I buy gives me some cash back or rewards and I can easily monitor spending and transfer funds every time I make a purchase.
@sodiumchloride8273
@sodiumchloride8273 3 ай бұрын
Points can be worth a lot more than cash back when you redeem them right
@CaptainFalcon333
@CaptainFalcon333 2 жыл бұрын
I like how relevant this channel is after all the time that it's been made. Good job on managing it so well.
@kylebagget774
@kylebagget774 2 жыл бұрын
I finally just paid off all my credit card debt TODAY!!! feelssss so amazing I want to go and SCREAMMM of joyyy, now to finish paying of school and car loan debt 😅😅😭😭
@kingtrikk9109
@kingtrikk9109 2 жыл бұрын
I like the old man who said thanks for your time 😀
@magicalbooknerd
@magicalbooknerd Жыл бұрын
I appreciate you opening a conversation on this! I’m almost finished digging myself out of some CC debt now and it’s crazy how it can sneak up on you.
@Dipsxi
@Dipsxi 2 жыл бұрын
I’m liking this format, I thought I might share some of my video ideas/topics People on: Ghosts/paranormal Gun Control Abortion Their greatest achievement Vaccines Privacy Rights Capital Punishment Federal Livable Wage Cancel Culture Student Debt Crisis Also some convention type videos would be really cool. Something like what Joe Goes and Kassem G did way back (California on), or like what Channel 5 does now.
@LAHWF
@LAHWF 2 жыл бұрын
Ok on it!
@LordJagd
@LordJagd 2 жыл бұрын
Ghosts and the paranormal would be amazing to hear. Religious questions too, those are almost always interesting.
@Gamerboy1999PS4
@Gamerboy1999PS4 2 жыл бұрын
@@LordJagd i agree
@iamnot2529
@iamnot2529 2 жыл бұрын
Totally dig these ideas
@tbooonetwo-fitty-five7523
@tbooonetwo-fitty-five7523 2 жыл бұрын
@@LAHWF For the political stuff, be careful not too hard on one side or the other, otherwise you get hatewatchers and divide your community. To play it safe, you can always say that you're not well read on the subject and are asking for peoples' opinions to see what people think.
@jonwhitehead6383
@jonwhitehead6383 2 жыл бұрын
Hahaha that ending with you laying on the grass was hilarious 🤣. Keep the vids coming, Andrew, love 'em!❤❤
@InspireCreate43
@InspireCreate43 2 жыл бұрын
As long as you know you can make the payment every month, credit card's can be really useful and come in handy. Don't get me wrong, corporation's have a lot of issues they'll probably never work out but credit card's are something you have the free will to use or abuse.🤷‍♂️
@SinisterSaintsExcellion
@SinisterSaintsExcellion 2 жыл бұрын
Asking as an European without in depth knowledge of your system: If you have the money to pay your credit card by the end of every month, what difference does it make to do those monthly transactions with a debit, if you have that money to begin with (since you're paying it by the end of the month). So how, can they become in handy? Scams-wise, i don't know how it works in the US, but in Europe, at least in the country i live in, if you have a scam the bank will return the money, so your money is usually not at risk even when it comes out of your own account.
@ZombiepocalypsePSA
@ZombiepocalypsePSA 2 жыл бұрын
@@SinisterSaintsExcellion You could use a debit card for small charges like you mentioned - things that you already have enough money for on-hand. But when Americans go to buy a car or a house, 99% of us don't have enough money on-hand to safely buy it outright. So we have to take out a loan to borrow the money and pay it back incrementally over time. Banks that give out the loans need assurance that you will likely pay back your debt and not default on their money. A credit score shows if you have a history of paying back your debts in a timely, reliable manner. If you have a bad credit score or no credit score at all, you will have to pay a high interest rate if you ever need a loan because the bank knows it is risky to lend you their money. They may not even give you a loan to begin with.
@ZombiepocalypsePSA
@ZombiepocalypsePSA 2 жыл бұрын
Totally agree. I always laugh when I hear people brag about how they never use credit, as if they're financially/intellectually superior. Sticking to cash-only payment in the U.S. is like rolling the windows down in your car so you can save money on gas. It's an old wives' tale. Anyone with budgeting abilities can avoid abusing credit cards while also creating more room for investments. Time value of money.
@honkngoose
@honkngoose 2 жыл бұрын
@@SinisterSaintsExcellion Aside from what the other replies said, most credit cards have incentives in the form of cash back for purchases. Like, 3% on gas, 2% on food, etc. If you use your credit card for everything and pay it off every month you never pay any interest and rack up the rewards. I make a few hundred in cash back each year while building my credit score and not paying any interest so it's definitely worth it if you use them responsibly.
@SinisterSaintsExcellion
@SinisterSaintsExcellion 2 жыл бұрын
@@ZombiepocalypsePSA Well, regarding big loans, at least in the country I live in, in Europe, banks will study your ability to pay a credit by other means since credit score doesn't exist here. So we don't need credit cards in order to get loans for houses and cars.
@smr919
@smr919 2 жыл бұрын
Last girl said it well- if you know how to use them they’re great. I recently used one buying something from a random guy on Facebook, he wouldn’t use PayPal so credit card was the next best to give me some buyer protection. He did scam me, but the credit card company refunded me when I provided proof. A debit card wouldn’t have done that I don’t think.
@MRSketch09
@MRSketch09 2 жыл бұрын
Yeah your bank would have looked you in the eyes and said "Sorry bro".. I know from personal experience.
@TheOnlyUmagon
@TheOnlyUmagon 2 жыл бұрын
Yes your bank would have refunded but you have to talk to them usually call them
@hypeboi676
@hypeboi676 2 жыл бұрын
The chick from the Netherlands was feeling Andrew 🤣🤣🤣
@christianb2937
@christianb2937 2 жыл бұрын
I thought I was the only one thinking that 💀💯
@Ski4allday
@Ski4allday 2 жыл бұрын
@@christianb2937 💀
@NLspartan117
@NLspartan117 Жыл бұрын
I just LOVE the outro. You’re so natural. No fake energetic presentation, just chilling on the grass 😆
@DemocracyManifest
@DemocracyManifest 2 жыл бұрын
I have $30,000 in credit card debt. When they call, i tell them i can't pay it back yet. Tomorrow i might buy myself a dining room set, or this Boba Fett...credit card debt, credit card debt, CREDIT CARD DEBT.
@vendingservices8900
@vendingservices8900 2 жыл бұрын
Credit card debt ❤️
@denniswilsonishere
@denniswilsonishere 2 жыл бұрын
I can't poop in strange places....
@jogwithpurpose
@jogwithpurpose 2 жыл бұрын
TRAIN ON THE WATER BOAT ON A TRACK
@lomein9751
@lomein9751 2 жыл бұрын
The first time I hit delta 8 my ass fell through my chest and Bruce lee took me to Tahiti.
@LOPM63672
@LOPM63672 2 жыл бұрын
I wouldn't call it debt. I think of it as free money .
@Emilymay93446
@Emilymay93446 2 жыл бұрын
i was hoping that the people would make me feel better about myself... they didn't. but you did! i can't relate more.. we're getting there! thanks, friend!
@jay11111111100
@jay11111111100 2 жыл бұрын
I have 19grand on one cc, feel any better?
@Emilymay93446
@Emilymay93446 2 жыл бұрын
@@jay11111111100 actually, yes xD
@jay11111111100
@jay11111111100 2 жыл бұрын
@@Emilymay93446 lol glad to help!
@Sinoops
@Sinoops 2 жыл бұрын
@@jay11111111100 Damn bro I could have bought my whole ass car on your credit card!
@swagkidm10
@swagkidm10 2 жыл бұрын
I had around 8 k in credit cards and loans but just paid them off, had to sell my truck but i killed two birds with one stone. Got rid of my truck payments and debt 💯🙏
@morgenglende-michalski369
@morgenglende-michalski369 2 жыл бұрын
One thing I learned throughout this video: people are ignorant AF about credit cards
@BenBike
@BenBike 2 жыл бұрын
I have 4 credit cards and use each one on different kinds of purchases to get those rewards. End up with a few extra hundred dollars a year by doing it so to me they're great
@JDDMCProductions
@JDDMCProductions 2 жыл бұрын
Aye Andrew, it’s funny how these things work sometimes but I think this mix of your honest and down to earth interviews plus being able to see multiple different people, different takes and different aspects almost remind me of your pranks. Being at different locations and doing interviews seems, in my opinion, a great long lasting fusion that can be maybe a new fulfilling journey in your KZbin career. Much love Andrew; never stop creating.
@AyyGin
@AyyGin 2 жыл бұрын
1. Treat your credit card like a debit card. Only charge something to your credit card if you actually have that money in your bank account. 2. Always pay off your balance in full AND on time every month. 3. Turn on auto-pay so you never miss a payment. I have 4 cards now and depending on the type of purchase, I effectively get a 2 to 5% discount on every purchase in the form of points or cash back. That said, if you can't follow the 3 requirements above then stay away from credit cards until you can. Using credit cards correctly requires discipline. Many people get in trouble with credit cards because they treat it like it's free money.
@Duran762
@Duran762 2 жыл бұрын
For 1. It depends. For credit card you have the option of doing interest free monthly payments which is completely fine. So you don’t exactly treat your debit like credit. As long as you know you can commit to a monthly plan for a couple months, years then you’re good.
@ydoccody9437
@ydoccody9437 2 жыл бұрын
your videos keep getting better, Andrew. giving knowledge from all age groups. keep it up dude. been watching since your early pranks. rooting for you to succeed because you're real
@0fficial_jvck
@0fficial_jvck 2 жыл бұрын
Facts!
@matt-be8lc
@matt-be8lc Жыл бұрын
I only got a credit card to build credit. Even then it probably encourages me to spend more than I should at times. I still pay it off every month though.
@subparinternet4014
@subparinternet4014 2 жыл бұрын
Credit cards ruined me at a young age. 30 years old, still in debt from dumb decisions @ 18 years ago.
@merrittpalmer4349
@merrittpalmer4349 2 жыл бұрын
wow, that's actually crazy. sorry to hear that. i hope you pull through!!
@bensemusx
@bensemusx 2 жыл бұрын
Debt consolidation. I really doubt bankruptcy would have hurt more than 12 years of debt you are still playing interest on.
@mhodge0890
@mhodge0890 3 ай бұрын
18 years ago? So the decision you made at 12? Who the hell would give a 12 year old a credit card
@galupproperties3098
@galupproperties3098 2 жыл бұрын
I love credit cards. Mainly for the rewards and also 0 liability offered. I recently took advantage of a citi premier signup bonus and got $800 cashback. After the annual fee it’s still a nice $700 you walk with after spending 4K. I already had preplanned spending on a new garage door and opener for my house. Money already sitting in an account. So I just got rewarded for spending I was already doing. Credit cards are a nightmare if you don’t have any personal finance skills or even basic accounting of your checkbook. You gotta be very careful with how you spend your money. Always live below your own personal means and save and invest and stay out of debt. Too many people live lives they shouldn’t be living. 😎 Goodluck to all -part of the 800 credit score club with 100k in credit across my cards.
@mikkomannemanne
@mikkomannemanne 2 жыл бұрын
Great to see the channel flourish once again. Great work, Andrew!
@rawnclark
@rawnclark 2 жыл бұрын
1,700 in debt feels like a ton at 22.
@adam2000borunda
@adam2000borunda 2 жыл бұрын
22 here and i got 8k you just gotta keep clocking in
@johnnycage435
@johnnycage435 2 жыл бұрын
You’ll be good pay pay half then pay it off
@mstoj1386
@mstoj1386 2 жыл бұрын
@@adam2000borunda what are you using it for? Food, apartment, car payment?
@samanthamorris2744
@samanthamorris2744 2 жыл бұрын
My credit cards doesn't even let me use that much since my credit limit is at 1000. I'm at 600 bucks owed and I'm panicking trying to pay it off
@johnnycage435
@johnnycage435 2 жыл бұрын
@@samanthamorris2744 u got this
@raymondcunanan1135
@raymondcunanan1135 2 жыл бұрын
It’s all about self-discipline. If you know you are responsible enough to have it, go on and use it because it’ll give you cash back on purchases you’re gonna be making anyway. Just make sure your credit utilization rate is always below 10%. I always pay it off as soon as the balance reflect into my credit account.
@Stezworld
@Stezworld 2 жыл бұрын
I got introduce to credit cards at 16 by my aunt. She told me pay it all when the bill is due so you dont pay interest. But later in life I learned to used 10% or less of credit & pay it all off when bill is due (Of course if I go over the 10% threshold I pay it to come back down to 10% by the time the statement period is over. Been like that til today and im 37 now. Thanks Auntie for guiding me to be disciplined to properly use Credit cards.
@bensemusx
@bensemusx 2 жыл бұрын
That 10% thing is more of a myth. You will find different numbers all over the place about what credit unionization percent is good and what’s bad. 10% is a very low unionization rate. Going above 10% on a bill will not hurt your score. You are giving yourself unnecessary stress with such a low number.
@jaylakhani5568
@jaylakhani5568 2 жыл бұрын
@@bensemusx that’s not totally accurate based on how credit scores are calculated
@hermanwooster8944
@hermanwooster8944 2 жыл бұрын
@@bensemusx I've heard people claim 1%, 5%, 10%, and 33%. Seems everyone has their own internal number to stick to, but the lower you set yourself, the less likely you'll trigger the alarm bells at the credit bureau and you'll have a nice score.
@SkylerBaird
@SkylerBaird 2 жыл бұрын
I didn't know LAHWF was still producing content until today. Good to see you man.
@norena4217
@norena4217 2 жыл бұрын
Greetings from Colombia. I've been learning English with your videos.
@FranklynMalenia8670
@FranklynMalenia8670 2 жыл бұрын
dude, these interviews are great! very important topics, nice people, gentle and fresh interviewer. keep it up G
@Emo_Parker
@Emo_Parker 2 жыл бұрын
As long as you don't spend more than you have, credit cards are awesome. I've probably made over $1000 in cashback from them
@dogchaser520
@dogchaser520 2 жыл бұрын
The cash back is just to get you to use your card everywhere. They charge merchants 3%ish, so it's nothing to them to give you 1% if you use your card instead of cash. Plus they then sell your purchasing data in order for happy merchants to sell you even more crap you don't need.
@WesternRAM
@WesternRAM 2 жыл бұрын
We need a full video of “ohhhhhh big group of friends!!” Love your vids man! 🤙🏼
@ipwntheponies
@ipwntheponies 2 жыл бұрын
these are always a treat
@jordanlenius7943
@jordanlenius7943 10 ай бұрын
Bro you make people more comfortable being people, special gift bro!
@ohwhatworld5851
@ohwhatworld5851 2 жыл бұрын
I mismanaged my credit cards when I was in my 20s and my credit score was terrible. About 3 years ago I decided to rebuild my score. I pay my balance off each month and my score is now in the 'Excellent' bracket. My credit limit has been raised from the initial £200 to £3000. I'm so much better at managing my money now.
@dogchaser520
@dogchaser520 2 жыл бұрын
I recommend starting off good, getting it raised early, then taking the free money and running. Don't pay for a few years and it gets erased. Then do it all over again for teh lulz
@ohwhatworld5851
@ohwhatworld5851 2 жыл бұрын
@@dogchaser520 You would never get a mortgage if you kept doing that. In the UK, a bankruptcy stays on your file for 7 years. Of the few lenders who would actually give you a card, no lender would raise it much above the starting credit limit while you had a bankruptcy on file.
@dogchaser520
@dogchaser520 2 жыл бұрын
@@ohwhatworld5851 The law's likely to be different in the UK, of course. From a very cursory search, it looks like you have similar laws, though. The credit agencies are algorithmic in nature. I don't mean filing for bankruptcy. That's what most people think they have to do. But there really is just the mystery option of refusing to pay. Consumer protections are good enough in many places that there's very little that companies can do but call you and send you letters. And who answers their phone these days unless they know the number already? They give up pretty easily. The key is: 1) don't pay and 2) don't acknowledge the debt. (If you say that the debt is yours, legally, it resets the time until it expires.) It sounds like a magic trick but this honestly works.
@ohwhatworld5851
@ohwhatworld5851 2 жыл бұрын
@@dogchaser520 Yes the US seems to be different than the UK. The credit card company would sell the debt to a third-party debt collection agency, which would then take our possessions if we couldn't agree to a repayment plan. We would also get a CCJ (County Court Judgement) on our credit file which lasts for 6 years. That is almost as bad as bankruptcy from a creditor's view. Someone with one of those wouldn't be able to get much credit above the very low starting limit on a card. We could do what you propose and game the system once. But once we have a CCJ or bankruptcy on our file, we are fucked.
@dogchaser520
@dogchaser520 2 жыл бұрын
@@ohwhatworld5851 Sounds like they've got the trap lined a bit better than in the US. Are you sure they'd take your possessions, though? There are a lot of myths about collections that aren't true, and mostly are just spread to protect the elites and the debt-based economy.
@0j00n
@0j00n 2 жыл бұрын
i like credit cards for the pts especially hotel cards but the one thing I hate about em is the delay posting the transaction. It will show up right away on your online banking processing then it just disappears then it repost when its completely processed. When you are on vacation and making lots of purchases you can get carried away and spend more than you actually think you spent because of this.
@jazzhandsdan207
@jazzhandsdan207 2 жыл бұрын
This is one reason I LOVE my Apple Card. The software is above and beyond everything else with payments and purchases reflecting instantly!
@Flip_Goat
@Flip_Goat 2 жыл бұрын
Bro, I wouldn’t be mad if you sat down with a financial advisor for an hour and did like a podcast, it’s basically free learning where you can ask all the questions about getting your finances in order
@chrisE815
@chrisE815 2 жыл бұрын
Sounds like he needs a coach. Maybe monthly videos with some one getting him on track. Most of us know what to do, just struggle with executing the task
@travelnurseadventures3225
@travelnurseadventures3225 2 жыл бұрын
Good questions and really nice people to ask-some channels have the rudest people, all your people were really nice, humble
@marcusarelius
@marcusarelius 2 жыл бұрын
This was great! I use credit cards for everyday purchases to get points. I generally get about $50-$100 in cash back per month just because I use my credit card. I pay it off every month so I do not pay interest. I will gladly take the $600-$1200 in cash back rewards I get annually.
@CapFlipGaming
@CapFlipGaming 2 жыл бұрын
I have 2, one of them just pays for Netflix and is on auto pay. The other I pay everything with, then just pay it off each month. My credit score is 830. I highly recommend doing just that.
@wastedblues2
@wastedblues2 2 жыл бұрын
I got dinged paying off the whole balance every month, so now I just pay more than the monthly statement so that I don't accrue interest. Just have to make sure I use them every month.
@ericksandoval985
@ericksandoval985 2 жыл бұрын
Dude nice to see you back, first recommended video from you
@heyjustj
@heyjustj 2 жыл бұрын
I grew up without using a credit card until I was about 24. Always paid cash for everything and stupidly assumed that meant I had PERFECT credit. Turns out it meant I had ZERO credit so trying to get an apartment I had to pay a bunch extra up front. Since then I have used my credit card for EVERYTHING and pay it off immediately. Then I finally decided to finance a car with a loan instead of cash sale like I usually did. Glad I did because come time to buy a house (which I couldn’t afford without a mortgage) I was able to have much better credit and get way better rates. So while it can be a trap at some point if you want to buy a large ticket item like a house you really need to have built up some credit. Just don’t go blow it all and pay interest. Really the credit card companies don’t like people like me because they don’t make much money off of me. Once you get into consumer debt… boy it can be hard to come out of. I also happen to work in the fintech world specifically with lending. The way regulations are going credit card companies are going to not be able to offer such good incentives as they do now and you’re going to see a lot of new models for credit cards and other types of credit come out. It’s going to get very interesting really soon. Especially with people needing to finance things during economic downturn.
@joeydirt420
@joeydirt420 2 жыл бұрын
I thought this was incredibly obvious since I was 16. I’m shocked at how many people don’t know how credit or credit cards work like wtf?
@Bennysol
@Bennysol 2 жыл бұрын
I'm 31. I own a 2,200 square foot house on 2 acres of land and I own 3 vehicles and ive never had a credit card. I've also never had a girlfriend for more than 3 months who are also money pits
@joeydirt420
@joeydirt420 2 жыл бұрын
@@Bennysol well you either have a really good job, great at investing, or got an inheritance. Girlfriends arent that expensive. If you want a house and a huge some of money doesnt just fall on you like this knobhead then build credit.
@Bennysol
@Bennysol 2 жыл бұрын
@@joeydirt420 i come from a lower middle class family. Just grinded at work from 18-28 when I bought the place. Only credit to build were from my auto loans. And it didn't need to be built as I never let it fall to begin with. Also the last gift I got from my parents was when I was 12. Every thing I ever got was from hours worked from 3 different jobs. Lyft, making pizzas, and construction work. I also don't spend $300 a month on coffee like most people do
@joeydirt420
@joeydirt420 2 жыл бұрын
@@Bennysol bro your talking to the wrong guy haha. Im 30, Ive been working since i was 14. I dont waste money on any bullshit like coffee, gaterade, smokes. I save it all. I have a house, 2 cars, couple motorcycles, and $60,000 home theatre. But if i said my house and tacoma weren’t being financed at the moment would be a lie. Noway could i have saved another 700,000$ by now to have my house paid off cash. Credit starts at nothing, you need to build it. Noway id have a house if i didnt start building it at 18. That said i do live in vancouver one of the most expensive cities to live in. If i was in some small town in america i guess it could be like you said. Where you live at lol?
@mediastreamview9528
@mediastreamview9528 2 жыл бұрын
Got one back in college via student referral. The key is to ask for a small credit line ( Under $10k ) just to keep yourself in check while building up your credit history. The first thing I purchased was a computer to do my college papers. If you use a credit card responsibly it can greatly improve your life. Greatest investment you can make is in your education. You don't have to go to college to acquire an education, you can obtain it via volunteer work along with years of trial & error doing what you love.
@hermanwooster8944
@hermanwooster8944 2 жыл бұрын
Small credit limit helps you stay responsible, but afterwards seek a large credit limit because this helps you keep your utilization low and builds up your score.
@sosafromscarface6732
@sosafromscarface6732 2 жыл бұрын
Good for these do-gooders that haven’t racked up debt. May they continue to be debt free while facing rising inflation.
@user-hs2wu2br47q
@user-hs2wu2br47q 2 жыл бұрын
Haven’t watched this channel in YEARS. Good content.
@penguinshoes6256
@penguinshoes6256 2 жыл бұрын
Credit is good for buying hard assets with the money you don't you currently have. Unfortunately, what happens most of the time with credit cards is that the people only buy liabilities with credit and not assets. Handling credit cards the proper way (imho) takes education, a little bit of experience, and error to make credit cards make sense for you!
@tonberryking7836
@tonberryking7836 2 жыл бұрын
Are there any downsides to using a credit card for basic needs and paying it off every month? No fee or anything? Because it sounds like an easy way to build credit
@krombopulosmichael8314
@krombopulosmichael8314 2 жыл бұрын
There's no downside as long as you keep up with payments. This is how I improved my credit over the years. I would just use it to buy gas or groceries then pay it off.
@maximus3511
@maximus3511 2 жыл бұрын
Credit cards are the best - why? If you swipe your card at the wrong place or you lose your card, your money can’t be stolen. I was just in Dominican on vacation - $5k taken after i bought a water at the airport. Quick call and it goes away. If that’s a debit card, you’re SOL.
@ChuckRusty
@ChuckRusty 2 жыл бұрын
Credit cards are just another thing to keep track of, that's the main reason I don't have one. I prefer to live life as simply as I can when it comes to that stuff.
@kebas239
@kebas239 3 ай бұрын
Credit cards are OK if you only charge what you're normally going to spend and you pay it in full each month. Problem is that most people don't use them in this way and spend money they don't have. Interest rates on credit cards are astronomically high and once you start accumulating debt, it becomes very difficult to get out (which is what the CC companies WANT to happen, as that is how they make money).
@continuereading3714
@continuereading3714 2 жыл бұрын
Ive worked as a cashier for years and every older person advised me heavily not to get a credit card lmao i'm like scared to get one now
@PointlessCamel
@PointlessCamel 2 жыл бұрын
Lol, it's fine if you stay on top of it
@lexichanel1
@lexichanel1 2 жыл бұрын
Credit cards aren’t the problem irresponsible spending is. Never purchase something on your credit card that you can’t immediately pay off and you’ll be fine.
@chanhnguyen81
@chanhnguyen81 2 жыл бұрын
Nah I have 3 credit card myself and doing just fine. People can’t control their impulsive buying and blame it on credit card company. Even if you have debt with credit card it’s not that bad as long make extra payments every month. Trust me - you can get ahead further if you use it wisely
@continuereading3714
@continuereading3714 2 жыл бұрын
Thanks for the advice you all changing my view on it!
@colematthews7535
@colematthews7535 2 жыл бұрын
I’m a student living on $2000/mo. I have three specific credit cards. Just under $20k in spending power. No debt. One for groceries, one for gas, and one for everything else. On average I make about $35/month in cash just by buying what I would otherwise on the card and paying it off every month. Plus it’s building my credit. When you go to buy a house or car you’ll be paying way more if you have no credit history, if you can get the loan at all. If you’re broke and have discipline it’s an easy way to make some cash. Pays for a tank of gas every month you know.
@marconavarro1837
@marconavarro1837 2 жыл бұрын
You’re coming back up dude. Keep at it
@AthenaIsabella
@AthenaIsabella 2 жыл бұрын
I remember when I worked at JCPenney we would have to sign people up with terrible interest. Don’t do it!!!!!! I would let people steal to try and balance out my karma; Credit Karma.
@DinkAndDrive
@DinkAndDrive 2 жыл бұрын
Yeah I worked at a clothing store and they would just constantly push you to sign these people up for cards and I felt so bad I wouldn't even push it because I knew it was going to mess people up.
@AthenaIsabella
@AthenaIsabella 2 жыл бұрын
@@DinkAndDrive I love that you didn’t push them! I would and regret it severely :/
@DinkAndDrive
@DinkAndDrive 2 жыл бұрын
@@AthenaIsabella Yeah don't feel bad honestly at the end of day its their responsibility to know what their signing up for and I'm not a saint I definitely am guilty of signing people up
@SarcasticaleeXP
@SarcasticaleeXP 2 жыл бұрын
I hate it too! I try to do it as less as possible, especially doing that to older people sucks cause most of them don't even know how to use their card.
@JRush374
@JRush374 2 жыл бұрын
If you're paying interest on a credit card you're using it wrong
@pureforged
@pureforged 2 жыл бұрын
This is a cool format
@benjaminwolf9801
@benjaminwolf9801 2 жыл бұрын
I credit card hustle, but the problem most people have is they overspend. Credit cards reward you for being financially responsible
@sgonged
@sgonged 2 жыл бұрын
OOohh just be rich. I get it.
@benjaminwolf9801
@benjaminwolf9801 2 жыл бұрын
@@sgonged not really, instead of using a debit card use a credit card that provides rewards for different categories and be responsible. It isn't that hard.
@WorldOnAString
@WorldOnAString 3 ай бұрын
Where is he finding all these magical unicorns with no credit card? 🦄 💳
@jpknowledge8852
@jpknowledge8852 2 жыл бұрын
If you learn how to use credit cards reasonably, they are incredibly beneficial. I travel the world for very little in luxury all thanks to my points. Learned the game, now I play it to the fullest 💯
@dogchaser520
@dogchaser520 2 жыл бұрын
The game is rigged and the only people who benefit are good slaves and masters. Good slave!
@jpknowledge8852
@jpknowledge8852 2 жыл бұрын
@@dogchaser520 I would agree that the game is rigged, but I would disagree that only "good slaves benifit". I've learned the rules of the game and now I am using them to my advantage. At some point they may/will change the rules and I will have to learn how to become dominant at the next game.
@dogchaser520
@dogchaser520 2 жыл бұрын
@@jpknowledge8852 I understand the mindset. But I prefer not to participate as much as possible, personally. Playing their game well is still playing their game. I reject what they stand for: exploiting people and the world for profit, with no regard for anything else. Nah, I'm not on board with that. It's not right. If you're dominant in that game, you're saying, "Yeah, actually, this is OK." I understand that in order to do well, you have to submit to the rules, but I'd rather be a good person.
@xnobox
@xnobox Жыл бұрын
Just came from sunnyv2 video about you. I can relate, I have made some fuckups and it seems I just keep on doing them. Its nice to see thou you have not given up. All the best to you
@farawayskies
@farawayskies 2 жыл бұрын
Lol Andrew you're always so relatable. Love the endings where you keep it real. I wish you interviewed me, would have loved to be the star of this interview for being the person with the most toxic credit card relationship. Everyone in this video way too responsible. That 21 year old talking about buying a house soon, lol what?
@squeso33
@squeso33 2 жыл бұрын
Honestly, I feel like it definitely has to do with where they live
@PrecursorYang
@PrecursorYang 2 жыл бұрын
I have 14 credit cards as a 28 year old. Some of them are business credit cards. So far I netted over $6k in cash back rewards in my lifetime. As of today, my fico score from experian is 790. Started almost 7 years ago.
@JakeSpradlin2
@JakeSpradlin2 2 жыл бұрын
I wonder how the average response would have been different if you were in a lower income area
@Blakely901
@Blakely901 2 жыл бұрын
It’s a public park in midtown nashville that attracts all demographics
@thedavephan
@thedavephan 2 жыл бұрын
I use a credit card that has 2% cash back on every purchase. I pay off the credit card at the end of every week to be sure I never pay interest.
@eliasdsdf
@eliasdsdf 2 жыл бұрын
5:13 these types of moments are exactly what I'm here for
@sselway100
@sselway100 2 жыл бұрын
She was definitely attracted to Andrew.
@SMIZZART
@SMIZZART 2 жыл бұрын
So nice to have you back! But yes, In debt in Australia too :)
@blexaarron
@blexaarron 2 жыл бұрын
Dave Ramsey has entered the chat…
@evanserickson
@evanserickson 2 жыл бұрын
The biggest problem is that with a credit card you spend up to 10% more than cash. I don’t know what it is for a debit card but 10% is a lot more than any rewards
@stephanarizona9094
@stephanarizona9094 2 жыл бұрын
I am upper middle class, until this year no credit card debt and thanks to inflation I have been racking up the debt, trying hard to get it paid down but so many unexpected expenses and the cost of everything has risen so much.
@PatrickHolmesHollywood
@PatrickHolmesHollywood 2 жыл бұрын
All pay off your balances ! I gotta try this kind of interview you inspire me!
@nobewayo
@nobewayo 2 жыл бұрын
As a north-european, the American credit culture is so weird to me..
@Brandon-tz5pn
@Brandon-tz5pn 2 жыл бұрын
Are there no credit cards there ?
@nobewayo
@nobewayo 2 жыл бұрын
​@@Brandon-tz5pn There is. But there's no weird credit score you have to build up. You get a credit card if you have the means to pay for the debt you might get. When buying a house no-one looks at your "credit score".. They just look at how much you earn, and as long as you provide 10-20% of the cost of the house, and the bank find that you are probably able to pay the rest off (looking at how much you earn with your current job) you'll be allowed to buy a house.​ The American way is to build up debt trough your whole life, and hopefully pay it off, so you can make more debt. Such a weird concept to me.
@LordJagd
@LordJagd 2 жыл бұрын
The credit/debt system is disastrous, all Americans should be taught to never partake in it.
@lextor4712
@lextor4712 2 жыл бұрын
@@nobewayo Well said.
@JoshForet
@JoshForet 2 жыл бұрын
Dude this was awesome! Please do more of these!
@EricSmyth4Christ
@EricSmyth4Christ 2 жыл бұрын
Just so you know, you will never get the credit card companies back They pay the reward points from transaction fees that they take from the vendor you shop at There is a %2.5 transaction fee for McDonalds for example. To cover this, McDonalds just raises their prices %2.5
@JRush374
@JRush374 2 жыл бұрын
You usually pay those prices whether you use card or cash
@EricSmyth4Christ
@EricSmyth4Christ 2 жыл бұрын
@@JRush374 Yeah of course
@EricSmyth4Christ
@EricSmyth4Christ 2 жыл бұрын
@@JRush374 I was just saying you are getting the rewards from McDonalds, not the credit card company
@bren.r
@bren.r 2 жыл бұрын
Nothing wrong with credit cards. People just don’t know how to use the properly. I’ve paid a whopping $0 in interest since my first one and my credit score is well over 800.
@avi614614
@avi614614 2 жыл бұрын
In 2009 i racked up 40k in cc debt until i said no more im going to screw them i maxed out all my cards to 100k and never paid it, they got judgements but thats it nothing they couldnt do anything its unsecured debt. fast forward to now i have back my 750 score im thinking on doing it all over again just to screw them
@chaddy2409
@chaddy2409 2 жыл бұрын
You savage
@bigbloopboy8892
@bigbloopboy8892 2 жыл бұрын
damn can you take me on the private jet?
@video99couk
@video99couk 3 ай бұрын
Here in the UK, you can set up your credit card for full automatic payment every month. I did that when I first got a credit card, as a result of which I've never paid any interest on it. I don't even know what the interest rate is, because it doesn't apply. Perhaps that's possible in USA too, it makes the credit card into a useful asset and not a source of worry.
@StevieStormmm
@StevieStormmm 2 жыл бұрын
Ask people about black holes next please, thanks
@AthenaIsabella
@AthenaIsabella 2 жыл бұрын
This ^^^^
@LoopsRonin
@LoopsRonin 2 жыл бұрын
Keep it coming brother!
@kevinfager.
@kevinfager. 2 жыл бұрын
I paid mine off biweekly for many years and then the pandemic hit me hard, as a bartender. Just now slowly working my way back but I had to do it out of necessity.
@dogchaser520
@dogchaser520 2 жыл бұрын
Don't pay and it will disappear after a fairly small amount of time. If you have a small debt you may as well pay, but if you're looking at thousands and being unable to pay it off until years pass anyhow, just let it go to collections. Rebuild credit after it's off of your credit report
@robertwalker5521
@robertwalker5521 3 ай бұрын
A credit card is merely another form of "BUY NOW, PAY LATER".
@ToadyEN
@ToadyEN 2 жыл бұрын
What’s Megan’s @
@crzzymnn911
@crzzymnn911 2 жыл бұрын
I'm 32. Had one credit card when I was 18. Racked up the limit, got fucked by interest, said never again.
@WhiteLavender425
@WhiteLavender425 2 жыл бұрын
That girls first language was def English but she learned dutch as a result of living in Netherlands. No one except actors have such great American girl accents lol
@spencerosei2616
@spencerosei2616 2 жыл бұрын
Ive used credit cards to improve my credit score, you cant really go wrong if you pay on time and charge it for small things like grocery shopping.
@omichaelnato5388
@omichaelnato5388 2 жыл бұрын
You the man, always liked your channel
@matsmiersen9486
@matsmiersen9486 2 жыл бұрын
Hey man great to see you are still doing stuff
@alexhurt7919
@alexhurt7919 2 жыл бұрын
Love to see my boy out here. Pretty solid content recently. Nice and simple yet still entertaining. Also just fyi you don't have to pay your taxes when you file. If you don't pay a few months after you file the IRS will send you financing options with very low interest rates. So don't pay your taxes on a credit card.
@WookieLove1
@WookieLove1 2 жыл бұрын
My man wraps up laying down. Right on
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