Dear Rudy: I borrowed $20,000 on a Credit Card to invest in Magic 

Quick reminder: Rudy is a high level certified Debt Wizard and this type of financial magic should not be attempted by apprentice magicians.

Forgetting magic for a second, this is general solid investing advice.

Oh, Timmy. That sounds like a tremendously bad idea!😬

I honestly enjoy when you lay out information that is of genuine use regardless of whether it is specifically targeted towards magic. Learning to properly wield credit is an important skill in todays world.

My favorite type of Rudy video. Thanks from a non-magic player

Dear Rudy, please discuss more about low-socioeconomic targetting.

But Timmy's Bent Card Emporium is too big to fail!! The Government will bail me out!

I like how if we use the word leverage instead of borrowed or "on credit" you guys sound more fancy.

Putting a midroll add right after the words 'ten minutes' classic.

I'm really learning a lot from these videos on economics. Thank you and please keep them coming!

Dear Rudy, these are my favorite types of videos, I’ve never played bought or held a magic card but I find the collections/value fascinating, and when you delve a little out of that world to explain these lessons that can apply to many other things that’s what I love the most

Thanks, Rudy. Love these insightful investing videos. Very helpful and yet somehow very entertaining as well. :)

Honestly after reading the title i had shivers down my spine.

This person went full Timmy. NEVER, go full Timmy.

Smart guy. Still I wonder why youtube recommends me these magic videos. I've never played magic, owned magic cards or even hold a single magic card in my hands.

Excellent little nugget there: you've got to enjoy it. Good advice in general. Being stressed out by something clouds your judgment, and makes you fail to see options and opportunities.

Having watched every episode of Leverage I agree it is very difficult.

Thank you for being suck a great channel and such a wealth of information for the community. I finally joined your patreon and ordered 3 boxes of Modern Horizons. Can't wait until I can order other sets and then the commander 2020 decks eventually

I always love these types of videos Rudy! Keep em coming! *giggedy*

Rudy's mustache: 1B 2W 3/3. Persist and Absorb

Love these videos ! Very informative

I always love these great life lessons! I feel like I understand the investing world a little more with each one.

Good video. Food for thought.

Amazing video. Thank you for the life lesson

Thanks for the videos!

Great video man great!!!

Never take out loans and credit cards for collectibles... the market is so wishywashy...

This video was very informative and I learned a lot from you today Ruby! Thanks 😎 all of us really appreciate you

wonderful seminar !!!!!!!

Rudy started out describing buying magic cards. In the end he described junk bonds, coporate debt, and defined benefit plans. Remember 2020 will be the year of the Timmys.

It's video's like this that do 2 things. They show that Rudy IS an average individual who's accomplished great success due to his passion and education, also showing us that we could do the same. The second thing is that they keep me coming back to see what you have to say. Keep up the great work

I am an investor, and the risks Rudy points out in this video are the main reasons I never take loans, but instead keep reinvesting my own profits as capital for new investments. It can be _very_ slow to amass a serious amount capital this way, but it is the safest route, as you never have to worry about paying any money back. Honestly, I'm fairly certain I could make a lot more by taking a loan (leveraging), but that involves a possible risk that I don't want. Also, like Rudy said, you really have to keep your eye on the prize; If you're impatient, investing is not for you.

8:50. THIS is the most important aspect people overlook when investing in Magic cards - especially sealed product. It's exactly why I got out of the booster box game.

Thank you Rudy. You’ve helped me from being a literal and figurative Timmy, to a great investor. Thanks again bro.

I remembered I did that too before 2008. Citi’s offers were the best. Some have 18 to 24 months interest free plus 3% transaction fee maxed at $100. Some you pay low interest 2.5% fixed but no fee (make sure max amount and don’t use card till paid off). Then I used the money on high interest savings account with FDIC or bought savings bonds with credit card (2003). Those were the good days. Now, I have about $1,800 student loan left at 2.5% fixed (I had $21,000 consolidated loan at 2.5% fixed since 2006). Bottom line, if you are going to leverage, find something stable return yield and liquidity. Cards can have good return but not liquidity. If you plan to flip, be aware that others are doing the same thanks to social media where they brag about everything. You miss out element of surprise.

I love these video’s....In europe we don’t use creditcards much, so I try to use excess liquidity. Since cards increase slowly in value, I buy and wait.....HODL 🙃

Great video, keep it up

I recently started watching these videos and it made me want to buy a starter box of boosters, possibly buy one for each set that comes out, I plan to leave them for 10 or so years and see how much I can get for them.. but knowing me, I'll just open them in 10 years and look at all the pretty pictures, haha

Damn I loved you for being a good boy knowing much just liking your commentaries. But you're an intelligent ass dude that has learned systems. Only recently discovered the extent of the bulk of your magic booster box collection for unboxings. You're a fucking legend in my book. With some serious entrepreneur mentality

Thank you, Rudy.

Love seeing other content creators commenting on Rudy videos.

Love videos of this nature hairy investing man. I love magic cards, but I'm in no position to invest in them. Still fun to learn how this market is evolving, and how it was before I was paying attention. I look forward to your videos this year for sure!

Duel deck Blessed vs Cursed is spiking because of gravecrawler. What a great investment. Up until last week you could still find them 20$ with shipping. Those days are gone. Glad I went all in on that & menfolk vs goblins! Packed with sure thing great cards!!!

Rudy! Sometimes when I'm home alone I like to shout your name like you do at the beginning of your videos. Because of you I bought my first box of magic I won't open. Shoving a box of modern horizons into my closet and we'll see what happens in 2-3 years. Then I went and got some tacos so it was a good night.

Interesting concept, for stocks. The credit card leverage part.

Rudy is the CNBC of MTG Finance.

Thanks Rudy I play your vids in my work van

Rudy, I'm only subscribed for these videos.

I love these talks!

We need more of these videos ...

I've been doing the second option you talked about with the money I've been talking for investments, but I keep it within my range where I can pay in full before the interest kicks in.

Very informal video Rudy, I'm trying to branch into bigger capital, but magic cards shift so fast. At least the newer ones. Most of the old sets stay pretty high and meaty.

That sounds like a crazy thing to do!

Rudy we love you man

Rudy these videos are wholesome and you're keeping these kids safe with their spends. "Real hat, not a taco hat." Poetry.

Uncle Ruby, dropping excellent advice for his fans.

At least it wasn't 20 grand worth of elderspell. F

Best video of Rudy ive watched

I remember when you told the Timmies to get credit cards...

Does Rudy really live in his parents basement?

Hey Rudy! just saying that I am one of the people who loves you since 2017. my 551 alpha collection jumped from 2200$ to 16k since then! Thank you!!

I came for the unbox videos, stayed for the sage advice by Rudy

Leverage brakes empires. One of the truest things I have ever heard. Here I am 2021 and the national debt has ballooned. Leverage brakes empires.

Ruby!

Rudy is an OG wall street bets member; plate thing on right hand shelf.

RUDY YOUR THE SHIT AND ALL THESE PEOPLE ARE SOOOO SOUR I LOVE IT. IT'S SO FUNNY TO SEE, GENUINLY A GOOD PERSON MAN THANKS FOR BEING AROUND.

I somehow subscribed to Rudy a couple of years ago after a rabbit hole on RU-vid. Despite not ever watching, owning or playing MTG, and no plan to if I'm honest. I look at it more as an obvious investment opportunity more than a great game. Forgive me if I'm wrong but isn't MTG basically a pretty long term investment? Why the hell would you take a loan for a LTI expecting to pay interest?? Rudy is spot on with time flying in my comment alone. Couple of years feels like yesterday, and your comment about putting things off and all of a sudden it's month 10-11. Even with basic tasks. Thanks for another solid video. - Mike^2

Or just don't bet what you cannot afford to lose. Start by flipping small collections and then work your way up to big boy reserved list investments. This isn't hard people, also don't be afraid to offend people offer what you can and if they get upset or you're too far apart walk away. Always be polite but know when there isn't money in it.

Credit Cards can be helpful, Out of college I got a Credit card from a local bank with a 4% Interest rate, but managed to pay it off every month. It allowed me to slowly build Credit over the next 2 years and since it was my only line of Credit, when making larger purchases on things or signing up for better cards - My credit was awesome from paying it off each month! However people beware of credit cards however, I've had some friends in debt only able to pay the interest each month. Be smart with your purchases and be able to pay it off as soon as you can and they can be valuable tools! Then you can buy lots of magic cards!

Loved when Rudy was trying to say LulaRoe.

This was an AWESOME Video! Thanks! :D

I'm going to watch this video everyday until its drilled in this just makes SENSE

these videos are why I still follow creepy rudy to this day. I bought 1 pack of magic cards 3 years ago. I still come back every video for these and love the box openings. I know the big name Mythics, rares etc. of much of the latest magic cards but don't own a single one. Rudy is the best. He cares.

Lmao the Wall Street bets guy is the thumbnail

Rudy, you're a good dude

Good advice Rudy! The person asking for advice... might need to do a bit more studying before doing any more alternative investments and using leverage.

When I was young and exceedingly foolish, I would completely overlook the reality of interest on my credit cards. You don't just have to pay your balance, you have to pay your balance plus however much interest accumulates.

Ouch that seriously hurts.

I have like 5 credit cards and never heard of boucing, might look into it cause raising my credit limit is fun to me.

Mmmmm, that final fantasy tactics strategy guide

Holy smokes!!! It's 2019 "Ricky from trailer park boys" Rudy!! Please open your next video with "smokes let's go"

I've got 7,500 units of this food item that expires feb 2020. My cost was $1.09 each. I'm selling 2 for 13.49 on Amazon, after fees I get 7.19 for the 2. I need to drop my price so they sell faster before they expire. My target wholesale price to local stores is $2 each, they will turn around and sell for 4$. I got someone who would buy 5,000 units for $1.25 each which I would do just to get out of the market and be done. I think that person wants to sell all $1.75 each and they already have a buyer. But all the variations have their risks and rewards.

great math there at 5:40... is that RudyMath?

Another great financial advice video.... I loved it even if I heavily leverage FX 😀

I swear down magic card value depends entirely on investors! Once there’s a shred of uncertainty and big investors offload people are screwed!

Just balance transfer to another 0% card and pay the 3% - it's better than the 15%-22% he would be paying. Some cards even have 0 fee balance transfers.

In Brazil this Credit Card interest would be almost 400% a year. lol.

Hey Rudy, do you think you can make an in-depth video going over the 2017 black swan event? That sounds really cool and I like the way you present this type of information. Unless you already have a video about it.

Are you going to buy out the rest of his collection and share it with us :3

WallStreetBets represent lmfao

I see you Rudy, the /r/wallstreetbets icon in the thumbnail.

You tell em Rudy

AMAZING!!! NO FIRST TOOLBOXES!!! WHOA!

I did that stuff with Pokémon back in the day I had it bad with that card collection

Masterpiece,thank you

One option if you have $20,000 in CC debt is to open a new CC that has 0% purchase APR and use it for your normal stuff like food and then use the cash you are not using to pay off the $20,000 that way you don’t have to pay the balance transfer fee of 3%. This is totally interest and fee free money.

One year is just too short term for any magic investment. It is a crazy risk to have any plan where you have to make a profit and get out in under a year.

Around 4 min - humans observe/feel/sense things logarithmically, i.e. the larger something is the greater a change would need to be for you to feel it ($100 to $200 feels like a lot, but $15000 to $15100 isn't etc.) that is why time "flies" as an adult.

diablo ii video when rudy? What was your favorite class?

Lularo was a weird beast. At least for me. The secondary market was where all the money was. I feel sorry for everyone who signed up to sell for them. They would get so much stock but id come in, pay a little more for the choice bits and get a crazy amount of return.