It's Just Free Money? 

W

I don’t get it. It’s a quick debt button, it’s worse than wasting your money on something useless, it’s GOING INTO DEBT OVER SOMETHING USELESS…

@@charlix3not really. It CAN be a completely alright thing IF used responsibly. I think if you were anyway going to buy something and have an option on to 0% finance it. There is upside. It is when you start buying stuff you don’t need with money you don’t have, you get problems.

​@@charlix3 do they not allow you to pay at the moment on purchase?

@@TheSmeteni asssume they do, but the idea is more that the moment you miss one payment, usually because you don't have the money to spare, you are locked into a debt spiral because of insane interest rates

Watch the time before

@@fatalgaming6244why would he, if he already watched the main point of the video?

what a useful timestamp! tysm

Bro, you can use credit cards. It's ok. Just don't go crazy with it. But I was 18 too and I knew payday loans were a fucked idea. What made you start that in the first place?

@@fedbia2003 honest truth is I grew up poor af, and all of a sudden had banks throwing "free money" at me. I knew no better at the time. The only debt I have above my head now is a mortgage and I'll just my butt off everyday to make sure that's the only debt I have :)

@@doodwasalreadytaken Good shit man, I'm glad you're doing better for sure.

Bros credit went to 0 because of bankruptcy. It's now at 250 because he refuses to use the quickest and easiest way to raise your credit score

​​@@doodwasalreadytaken same way my parents got into debt. People talk about it like it's money you didn't already have and not a loan you have to pay by the end of the month. They put extra cash back on leisure items to encourage getting fast food and streaming services when you don't have the money for them. It is possible to use a credit card responsibly but debting can be an addiction foe some

The scarf will probably last longer than these crap modern cars. I thought having tech in cars would make them better... Look up Jaguar iPace issues... damn.

It's actually pretty similar. A lot of people buy cars they can't really afford and end up blowing all their disposable income on car payments and interest.

​@@ed61730Also these days a lot of these luxury clothes are lower quality fast fashion that don't last either.

Doing better than most of us

Of course you will. You're gonna have a fuck ton of equity at some point.

@@Bidens_Diaper true once it's paid off I'll just be able to buy in full and then I'm set but till then we are locked in with the place we have.

He’s on to something

Ah yes, good ol buy now pay now

I use it for feet pics

I use it for literally everything

what the founders wanted @@kphaxx

You'd be surprised

Its there now so

I see it in the description now

@@stephen.jamison Thanks, I might have forgotten otherwise. Glad they updated it.

@@Fakemilia Thanks.

here's a reminder in case later tonight is now

Because it feels like less, it already pushes you to buy more than you otherwise would. If you do it responsibly, that's still okay. But I think that it's better to just eat the entire cost up-front. If I'm not willing to part with my money for the purchase now, I just don't buy it. Softening the blow only makes people spend more.

it gives you the freedom to leave the money in a daysavings account and getting some interest from holding more cash on hand. It's like 1-3% a year but it's still something. Alternatively, it could be put into like an ETF that tracks like the 500 top companies or whatever with like a spread risk or so

@@ayoCC If you're putting money you have actually spent in an investment, even a relatively safe one like S&P500, you're not being responsible. Those "pay later" loans have terms of weeks. There is nothing rational or predictable about the markets over such a period of time. A month or two later you may need the money, and not all of it could be there. And if you're buying and selling at that frequency, the fees will likely kill any returns as well. Only invest money you can actually afford to keep in the market for as long as it takes to make returns from it.

@@Niosus mhm makes sense, well, day savings it is then

Aedishalicious is my goat

Klarna is Swedish.

@@NotASummoner yes but they have more downloads in the US and the company themselves says US is their largest market

I don't think the problem is the frequency of pay, in other countries you get paid monthly and still almost nobody uses them, it seems more a problem of not getting livable wages

Overconfidence is an insidious killer

The market might crash and not come back within in the next ~3 years

That's why I want to invest in those cash advance companies, but I can't find any that are public

it wasn’t even a sponsored vid so i didn’t think abt it but since people are askin i put the link in the disc. go run it up g -ædish

@@AtriocClips appreciate you Didn’t know wasn’t sponsored lol my bad

Yo legit like what you're so hungry that you can't wait 3 days to buy groceries

@@jimmy13morrison if you use afterpay for groceries you’ve made poor life decisions

Go to a bank and sau that you want to start investing your money

Dont use sp500 its bad

I honestly think that its a good idea you should go for it

nevermind someone in chat asked for me

?????

Why would you need to use buy now services if you have the money?

​@@subzerosanijsToo Gigabrained

@@subzerosanijs if everything else is the same, the longer you can avoid paying for something the longer that money has time to sit in your account & accrue interest

@@subzerosanijsCredit score