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Credit Cards: The Business of Enslaving Poor People 

Antonio Roulet
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Credit cards are often marketed as a way to help people build credit and manage their finances. However, the reality is that credit card companies often target low-income individuals and trap them in a cycle of debt. In this video, we explore the business of enslaving poor people through credit cards and how it affects our society. Join us as we discuss the impact of credit card debt on individuals and communities, and what we can do to break free from this cycle. #creditcards #poverty #debt #finance #enslavement
Are you struggling with credit card debt? Want to learn more about how credit cards work? Or maybe you're interested in investing and maximizing your credit card rewards? This video has got you covered!
Join us as we dive into the world of credit cards, banks, and personal finances. We'll explore the different types of credit cards and rewards programs offered by Visa, Amex, Mastercard, and more. We'll also discuss strategies for paying off debt and making smart investments with your money.
And if you're curious about the future of banking and finance, we've got that covered too. From cryptocurrencies to online payment platforms like PayPal, we'll examine how technology is changing the way we manage our money.
Whether you're a financial expert or just starting out on your personal finance journey, this video has something for everyone. So sit back, relax, and get ready to future proof your finances!
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, rouletmagidesbusiness@,gmail.com and we can sort it out.
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5 окт 2024

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Комментарии : 62   
@wuziwu8148
@wuziwu8148 Год назад
‘He who understands interest earns it, he who doesn’t pays it’ -Albert Einstein
@AntonioRoulet
@AntonioRoulet Год назад
well said
@SC_XOLOs
@SC_XOLOs Год назад
Can’t blame credit cards for your bad decisions. In my early 20, I had a lot of credit card debt. Now as an adult with multiple CC and over $20k Credit limits, I use CC daily and have never paid interest on any of them, while traveling the world for “free” .
@AntonioRoulet
@AntonioRoulet Год назад
Used correctly, they are a very effective tool.
@JustinAnderson9698
@JustinAnderson9698 Год назад
You’re not traveling for free. You’re spending money to get the points. And you’re spending more money with the credit card in order to get the points faster so you can travel more.
@dantemagliari1073
@dantemagliari1073 Год назад
@@JustinAnderson9698 hence the quotations my good sir
@whothou
@whothou Год назад
​@@JustinAnderson9698but if you were gonna spend that money regardless then yes it is "free" the key is for a credit card to reflect your normal spend not for the other way around.
@EsIstNichtSchlimm1
@EsIstNichtSchlimm1 11 месяцев назад
@@JustinAnderson9698 wtf hahaha
@user-bm6wu9zw9m
@user-bm6wu9zw9m Год назад
I must be doing something good. House is paid off, car is paid off, zero credit card debt, nice 401k and stock portfolio.
@CalrosACJ55
@CalrosACJ55 Год назад
Literally me with 8 credit cards open in the last year having paid 0$ in fees and went from a net worth of 230$ to 25K$ in that same year
@AntonioRoulet
@AntonioRoulet Год назад
Well done
@junboo8730
@junboo8730 Год назад
8 in a year? How you did that?
@akahee22
@akahee22 Год назад
@@junboo8730 credit stack more or less 🤷🏿‍♂️
@SpartanOfFinance
@SpartanOfFinance 4 месяца назад
A credit card is a tool. A tool that can either simplify your financial life or enslave you. Its a behavior issue. Some people look at their credit limits and think of it as the same as cash in the bank. I've seen cards with interest rates over 30%...You will be in debt forever if you carry a balance at that rate. Loan sharks are jealous.
@sladesurfer
@sladesurfer Год назад
I don't have any credit cards and im still poor
@madonnanewman7244
@madonnanewman7244 Год назад
Right, but at least you are debt-free. I get where you are coming from.
@FeenFeenn
@FeenFeenn Год назад
Need credit cards or some type of “borrowing” to live in the US
@madonnanewman7244
@madonnanewman7244 Год назад
@@FeenFeennI disagree
@Los5006
@Los5006 Год назад
same
@Julia-b9x
@Julia-b9x Год назад
@@FeenFeenn Borrowing is the worst thing someone can do. It will keep you trapped, stay debt free.
@TheContrarian09
@TheContrarian09 Год назад
Playing the credit card game is like fighting a alligator. Sure, some can, but i know for a fact i cant.
@MGeorges858
@MGeorges858 3 месяца назад
Do a search for Dave Ramsey, he has helped more than 10million people get out of debt.
@aflyingmodem
@aflyingmodem Год назад
great video format, the music that makes me feel like you're telling me something ""they don't want you to know", the investigation explained style of giving us, the viewer, the information like you had discovered a dirty little secret, the finger point to say the credit card companies and banks are the bad guys, and they are basically unstoppable because we're already in their trap, with the suttle finish "but wait there's hope" the small candle in a large unlit room, "don't buy things you can't afford, and pay it off every month". Very nice. I wouldn't be surprised if someone wrote this for you or like chat gpt came up with this.
@TekylaBrown
@TekylaBrown Год назад
I believe it is just my opinion it is all about they way you behave in life and with money
@shaneO5493
@shaneO5493 6 месяцев назад
THANK GOD IM DEBT FREE LETS GOOOOOO!!!!!
@yorel1239
@yorel1239 Год назад
Kinda mad and happy that my highest credit card limit is 1,000 dollars (apple card and amex delta gold) and not like 10,000 with some people. Mad cuz I travel a lot and usually hotels are over one thousand dollars so I have to use me debit and lost the benefits of the cards but happy cuz I don’t put myself into debt.
@AntonioRoulet
@AntonioRoulet Год назад
As long as you make sure to pay it off!
@Adiscretefirm
@Adiscretefirm Год назад
You know you don't have to use your whole limit, right? It's important that you know that.
@yorel1239
@yorel1239 Год назад
@@Adiscretefirm lmao yes I know. It’s literally 1,000 dollars, I spent that a months sometimes
@yivunqp963
@yivunqp963 Год назад
If you can use debit, then you have the means to pay off the debt. Just use the credit and pay it off each month before it is due. CC is not that scary. If you worry about missing the due day, just set a reminder each month on your phone.
@itsjustaride12
@itsjustaride12 Год назад
Give this video a few weeks, it’s going to do good numbers! Very well done
@AntonioRoulet
@AntonioRoulet Год назад
Thanks! Hopefully it will!
@nicholasblohm2744
@nicholasblohm2744 Год назад
Just have to know how to use them, plain and simple. Treat like a debit. Pay off every month to avoid interest. And make sure there’s benefits I.e. cash back , rewards travel etc…
@angieharris8015
@angieharris8015 6 месяцев назад
i LOVE credit card(s) and what they do for me!!!
@Bigbruhatl
@Bigbruhatl Год назад
It's a hard lesson to comprehend but, once you forget it, they are waiting to teach it to you again...at a higher interest rate.
@mwolfgr01
@mwolfgr01 Месяц назад
I feel like this guy has a personal vendetta against American Express
@jamescasteel8990
@jamescasteel8990 Год назад
Cool video! Might wanna remove timecode burnin from stock footage around 7:53!
@AntonioRoulet
@AntonioRoulet Год назад
Its deliberately done that way! I found raw footage from us cities from the 1980's & 70's I loved the look and feel, so I went with it!
@chrisgriffin2741
@chrisgriffin2741 Год назад
Great video
@dwighttaylor5107
@dwighttaylor5107 Год назад
Fabulous content
@ccastro416
@ccastro416 Год назад
Great video !
@AntonioRoulet
@AntonioRoulet Год назад
I appreciate that Carlos!
@ronaldweasley6175
@ronaldweasley6175 Год назад
been using youtube premium for years. well worth it imo
@nehvrashscrohtumvakle2479
@nehvrashscrohtumvakle2479 Год назад
Great video man!!!
@AntonioRoulet
@AntonioRoulet Год назад
Thanks, man! I really appreciate the comments :)
@EVO.0w0
@EVO.0w0 Год назад
Need vs wants 1. don’t buy stuff on credit cards 💳 if you know you can’t pay it in cash right away. Pay off balance end of the month. Set up statement balance automatic payments to avoid paying interest 2. You are not responsible for Credit Card fraud charges. Not the same for Debit cards most cases you won’t get reimbursed. 3. Use bank’s money (credit card) to buy stuff aka risk, and earn cash back or points while your actual money should be invested elsewhere for interest.
@ElSmiley1000
@ElSmiley1000 Год назад
People make themselves poor with their choices. Tools just make it easier 😂 In all honesty thought credit cards are great if you know hot to use them and manage your money
@aaronscarpa7469
@aaronscarpa7469 Год назад
It’s not enslaving if you have a choice. It’s an insult to anybody who ever was or is today enslaved. Nobody forces anybody to take on credit card debt.
@julianmarshall2127
@julianmarshall2127 10 месяцев назад
I have 3 cards and all 3 are debit..don't plan on having any credit cards.
@harinamamrita
@harinamamrita 6 месяцев назад
The problem is more deep. They are giving you a habit of spending money on things that you don't need. For example TV or refrigerator. People lived without these. Once you get used to them, you have to spend for them. Then when money is not available, take credit. Either case, work like a donkey under some boss to keep earning for the unnecessary luxury trap. Leading a simple life is the solution
@logangilbert8388
@logangilbert8388 Год назад
So true! Love your video styles!
@AntonioRoulet
@AntonioRoulet Год назад
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