Young People Are Living Lavish On Credit Card Debt

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Young People / Millennials Are Living A Lavish Lifestyle On Credit Card Debt - Original Video Here: • Young people living a ... | Add me on Instagram: GPStephan
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Опубликовано:

17 апр 2023

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Комментарии : 728

@dennettmolly Год назад

She should go on financial audit with Caleb 😂

@thanksyoutubefortakingmyhandle Год назад

Oh damn let's go

@EAAAA1505 Год назад

No, she will give poor Caleb a heart attack 😅

@moyaondemand Год назад

@@EAAAA1505 right 🤣🤣🤣

@dennettmolly Год назад

@@EAAAA1505 true! But that’s why it’s so entertaining. At least he can prep himself for it 😂

@mmp495 Год назад

🙌🙌🙌🙌

@garyclark979 Год назад

My wife and I lived in an upper middle class neighborhood. Our neighbors often asked us if we were in financial trouble. Why? Our millennial children were looking for jobs (mowing grass, cleaning yards, babysitting, etc.). We never paid for any extras, so they had to work for whatever they wanted. Today my kids abhor debt and have FICO scores above 780.

@calwooten Год назад

It is funny how some people perceive frugality as a BAD thing. Several of my friends from college view it as odd that I opted to stay at home for a couple years and keep my perfectly functional but not so pretty old car after graduating and landing a good income. I'm not trying to brag or one up my friends, but I now have 0 debt and an amazing start to my financial life while they have spent tens of thousands on luxury apartment rent, financed expensive cars that I'd bet they won't pay off for a few more years, and are now beginning to worry that student loan payments are about to start back up. These financial choices really do matter and a little bit of foresight and discipline will really make your life so much more comfortable and less stressful...

@elaine6820 Год назад

This will be my approach when I have children.

@FischerFan 2 месяца назад

If I had adult children and they had just received their first credit card, I would instill lesson number one as follows: Show them the credit card and stipulate, 'THIS is NOT cash!' This represents a promise that you will pay for any purchase you make with it and within 30 days at that! I have known people who have become spend happy with these and have financially ruined their lives. Play it smart and don't fall behind in your payments and find yourself incurring unnecessary interest charges. It doesn't take long for an outstanding balance to snowball and it quickly becomes a slippery slope. If at all possible, pay for your purchases with a debit card.'.

@jeremyhamilton1992 Год назад

I never in my life thought I would hear Graham call someone an idiot lol. He didn't even feel this strongly about the $15k barista with $71 cupcakes

@meggggg Год назад

That was my favourite part of the video lolll He's ruthless in this one

@mo000on Год назад

8:19 almost feels like meme material

@mikeykpe6123 10 месяцев назад

Well, it is focused on young Australian people and not American young people. A soft blow for American's to listen to. No blokes if you noticed. I'm Australian 🙂😅

@Chaosmite Год назад

She didn’t even had $1 in the bank but was able to get a BMW with no down payment.

@EtherDotterMatterBitter Год назад

it's always cars like BMWs to look fake rich. so cringe

@wds3222 2 дня назад

@@EtherDotterMatterBitter BMW isnt even that rich looking lol Its middle class at best.

@Courtney-Alice-Gargani Год назад

My dad raised me to be frugal and spend that money that can give you asset and not just pleasure. I'm in my 20's and working on a retirement fund. My dad said saving for a retirement the earlier the better.

@TheGrahamStephanShow Год назад

🙏🏻

@BetterManufacturing Год назад

Nicely done!

@nixon.herban Год назад

@@TheGrahamStephanShowthis video was during the young millennial era before interventions in Australia have been put in place to make sure no one loses money and no one lose business. Example; I was a casual home carer a few years ago and I was trying to get a car, the financial support agent of the car dealership stated that I wasn’t qualified due to not making enough regular income.

@earthring Год назад

Your dad is right

@innocentrage1 Год назад

Until you get hit by a car at 30 and die and then it was all for not

@judeanthony0721 Год назад

I love how Graham goes from, “Maybe she has unresolved mental issues” to “WELL THATS BECAUSE SHE AN IDIOT!!!” 😂😂😂

@senkosirius9730 Год назад

Love it. These kinds of ppl completely deserve to be called out.

@isthe3rd167 Год назад

Talk about Graham being choosy. The rich girl has mental issues while the poor middle age girl is a moron.

@anonmouse15 7 дней назад

Stupidity could be interpreted as a mental issue.

@thebosshouse Год назад

My mom filed bankruptcy twice and YOLO'd before YOLO was a thing. She never found a credit card she couldn't max out. Where do they think young people got the idea? People being irresponsible with debt isn't new. 🙄

@dangermouse4871 Год назад

Just think of the 80's and all the shopping that went on

@KgosiDube Год назад

Oh wow! Brilliant observation. An apple doesn't fall far from the tree.

@JennaCalifornia Год назад

“Gen Y” is referring to millennials before we were called millennials. This broadcast is around 15 years old or so. The crisis he was referring to I believe was the 2008 crash.

@brooke8888 Год назад

When I first started working after grad school I was surprised how people could afford expensive brands like it was a scene from Devil wears Prada then I found out they were in deep credit card debt and just didn’t care. 😵‍💫

@SF-fb6lv Год назад

When I was in my teens living in a pretty rich community in California, I never could understand how the other kids were able to save up enough money to not only buy their own cars, but sock enough money away for the interest to pay for their car insurance. Then I found out their parents bought the car and paid for their insurance for them. Oh.

@sabrini13 Год назад

In my senior year in high school, I learned that a friend who graduated a year before and was on his first year in college had used his financial aid on multiple shopping sprees. They weren’t used to being responsible for that type of money on their own. Don’t know how long that lasted or how they are doing now.

@angel-ij4xv 7 месяцев назад

dam that's crazy this is why i stay away from credit cards

@thehospitalguy1657 Год назад

I know two sisters. Both of them work at the hospital that I work at. One has always driven BMW's and had the nicest clothes. She has also always lived with her mom in the home she grew up in. She is an office coordinator in my department. She has a degree in English Literature and has student loans. The other sister, went to Nursing school. She paid cash for the school. She drove the same Toyota Rav4 for years and not until recently bought a new Toyota SUV. She bought a Condo not too long after becoming an RN and has since paid off the Condo. She bought a single family home and kept the Condo as a rental.

@martymcfly88mph35 Год назад

How old are these step sisters?

@kristine7304 Год назад

@martymcfly88mph35 that's funny, they must be step sisters. Either that or they learned their spending habits from people other Thabo their parents.

@chrislambert9435 Год назад

In the UK and else where, the Marxist-Socialists want to help "victims of inequality"

@JB-tz8fu Год назад

@@kristine7304 more than likely one learned from the other WHAT NOT TO DO !!!😂. The old I seen my mom be a drunk so I stay away from booze

@jordieevaans9614 Год назад

In the wise words of Caleb Hammer, “You are NOT a credit card person!”

@blueflameSM Год назад

My parents always told me to never spend money you don’t have. I do have a credit card, I only spend what I know I can pay off in full when the statement drops.

@senkosirius9730 Год назад

Same here. High schools really need to teach this.

@pelletized Год назад

i traveled overseas for a year in my early 20s and came home to 10k in debt. that scared me a lot so i made it a goal to never be in debt like that again, and so far thats held true!

@marabookstagram Год назад

I'm always shocked that some people can even get this high of a credit line.

@LOLZHAHANOTFUNNY Год назад

I'm glad you reacted to an older vid Graham, I think it's telling to show how similar these young Millennials were living vs how Gen Z is living now 15 years later. The similarities are eerie. Everything you had to say was still correct and relevant despite the time that's passed. 👍

@JoeBidenFanclub99 Год назад

Nows its 0% interest buy now pay later apps! Crazy.

@davidbrayshaw3529 Год назад

Maybe it's because of the circles that I move in, but I see gen Z being far more frugal than millennials. No, they're not perfect, I'll concede that, but I just don't see them as big spenders.

@fern5811 Год назад

@@JoeBidenFanclub99 Seriously though. There’s so many of them. I seriously don’t understand how these companies are profitable with these insane 0% APR deals. Im thinking of just accepting all of them and throwing it into a CD 😂

@lettuce1305 Год назад

If y'all think Millenials and Zoomers aka Gen Z'ers are stupid with money, the Gen X'ers started the whole hedonistic lifestyle and conspicuous spending with the Yuppies in the 80s.

@janebaker4912 Год назад

@@fern5811 they charge the merchant a fee... And late fees

@bernhardjohansen10 Год назад

As an Aussie living in America and long-time Graham fan, seeing Graham watching Aussie car crash media is pretty surreal. 😅

@josepauig783 Год назад

I think anecdotes like this - of folks spending WELL beyond their means - exist in EVERY generation.

@stalinov91 Год назад

but it's easier now than it used to be

@mathiasdu30000 Год назад

But thanks god not in every country

@kmac4331 Год назад

Shopping can be a devastating addiction like drugs or alcohol. If people can't deal with their issues then they tend to use what ever addiction they have until it destroys who they are

@ozzierabbit587 Год назад

I never seemed to have the money I needed to buy the things I really wanted as a younger man. But after working full time for forty-some years, slowly accumulating wealth, and retiring in my 60's, I find that time is alot more valuable than material goods.

@jamesrecknor6752 Год назад

TRUE

@jakkuwolfinsomnia8058 Год назад

I’m a Millennial and I totally agree with this. I’d definitely call myself spoilt but I’m also very grateful and now trying to take full responsibility over my financial responsibilities and get myself on track to the place I want to be

@earthlyworld4698 Год назад

Me too

@evanslawrence88 Год назад

Nice Anime girl 😮

@HenkZ-po4fw Год назад

My daughter, now 16, is spending everything she earns. Which obviously isnt that much yet. I'm trying to get her to understand and to save up some. It's been a tough process, sugar addiction is real too.

@HenkZ-po4fw Год назад

@fashiondudette23 We're started this as well, with her consent, with just €20,- a month (she started earning at €60,- a month last year). Now she earns around 150-200€ a month, but doesnt want to increase the monthly deposit into her investing account, unfortunately. Ah well, at least we are giving her the options and information. Everyone needs to be able to make their mistakes. Especially at this age!

@mmp495 Год назад

I remember at 16, my first paychecks my called me out on the same thing as your daughter. 😅 I'm 51 and debt free house and all... thank you mom.😘 ❤❤❤

@InternetUser._ Год назад

I had 20k in a shoe box when I was 16. Blew it all in college but had a helluva time 😂

@blakmasta Год назад

i was 19 years in 2008 and lost my job, I don't want to go through this again it took me 14 years to climb back up at the position im in right now. It seems like 2008 is going to happen again(very soon) 😢

@mmp495 Год назад

As long as your debt free and have an ER fund you should survive it. It's ppl that don't save and plan that suffer.

@airgasmYT Год назад

Bro it’s been happening where have you been

@martymcfly88mph35 Год назад

Democrats destroyed the economy.

@Allaiya. Год назад

Hey we’ve weathered it before. 💪 Just wait til these young bucks do for the first time.

@EtherDotterMatterBitter Год назад

just have money on the side to buy the dip

@jezabeltokio Год назад

MAN THAT MADE ME LAUGH😭😭"She still lives at home, has no bills to pay, she ears 35,000 a year and happily BLOWS every cent."

@garrettshaw8161 Год назад

Your focus on the psychological issue is spot on. A lot of the people close to me have acted like the women in this video who at 9:39 stated crying, knowing she should not had been doing things this way. None were as bad as her however many are not much better and about all of them are going to need change things a lot to have a stable retirement. I am 26 and having seen this from many people, scared me into thinking about better ways to use money. One thing that has been annoying to look back on/something for me to learn from is how much both my parents would think I needed so many things, while not thinking much about helping me learn the best ways to use money.

@victors16811 Год назад

If I cannot afford it I’ll go bankrupt LOL! I don’t think she is the only living like this!

@brightlyart Год назад

I LOVED this video/your reactions! You make such a good point on how getting a reward first can mess with someone's mentality.

@zanneizzo8113 Год назад

Few kids today understand the concept of deferred gratification. Working, saving THEN spending gives one a deeper sense of accomplishment. The entitled mentality constantly has to be fed and wow factor increased as well - hence needing a hot car after spending years at a mall.

@saulgoodman2018 Год назад

She is not the typical person. Her parents are rich. And she is spending their money.

@SoUnDMaN831 Год назад

Her problem is she puts a price on her happiness. Your happiness shouldn’t be something you can redeem for credit.

@kathleenpage8148 Год назад

OMG!! I actually watch the whole show. It was terrifying how much debt they are in. 😢

@animalmini1 5 месяцев назад

You’ve made me proud exposing the down sides .. not that you needed to .. but sadly many 90s babies are like this .. im a 90s and its wild to me when my friends and family think ive cracked some code to saving spending and managing my finances.. its just not that hard .. plan your grand … and you can splurge when your travel and luxury savings says you can .. PLAN YOUR GRAND

@One-Crazy-Cat Год назад

I somehow got involved in a conversation where young people asking how soon after bankruptcy can you file again. Face palm.

@chgr4674 Год назад

I have no debt and already start panicking if my bank account balance goes below 1000€ because I am so scared of having some kind of emergency, like my bike getting stolen or my laptop breaking down.

@NateBest Год назад

Best line of the video, “There could be something wrong with her…like…with her brain”. Rofl😂😂😂😂 16:01

@Courtney-Alice-Gargani Год назад

A lot of people who get in such massive debt usually cannot get themselves out and end up filing bankruptcies.

@bhh8005 Год назад

But she openly admitted to plan for bankruptcy, while she continue to borrow more money, so filing for bankruptcy will not work. Actually that would be seen as fraud.

@MegaIndecisive Год назад

How do people get approved for credit cards like that when I can't get preapproval for a mortgage for a $400K home with $150K to put down?

@TheSoulCrisis Год назад

God damn that housing market oof!

@sammartin590 Год назад

This segment is from way back in 2008. Would be very interesting to do a “where are they now?”

@96ej Год назад

I need a " where are they now " on all of these people

@MK-ow1qe Год назад

The first one probably has found a sugar daddy and living the same lifestyle now.

@96ej Год назад

@@MK-ow1qe it pays to look good

@admintuning Год назад

That pay it off later logic is cool as long as you do it before the statement closes. 🙂

@charlolel Год назад

I'm soon to be 21 and about to purchase my first Duplex thanks to your videos Graham!

@KgosiDube Год назад

Congratulations and good luck!

@drayaabraham6320 Год назад

I know her parents felt like crap after viewing this. Whether they’re supplying her or not, as a parent I’d be sick if my child was this out of touch with reality.

@michaelh370 Год назад

Was in 30k CC debt in the early 90's. Paid off my card and tore it up, haven't had one in 20 years now.

@emi1y Год назад

Original video is from 2008… Would love to see an update of where these two are now

@coldcheesebot Год назад

I watched this just the other day! My mind was absolutely blown. Love your videos as always Graham!

@Brokeasweat Год назад

“Today she is unleashing a new credit card” 😂😂😂 Like the world isnt ready for her to wack it on the card

@alittlepieceofearth Год назад

Didn't they say that princess earned thirty something a year? If she is spending $1500 a week on credit cards, that is $6000/mo. Mathematically, there is no way she can pay that off. She insists that it's nobody's business what she spends since it is her money and her bill. She is right, she is legally an adult and can do as she likes. But pretty quickly she will run out of credit. I wonder what she will do when she can no longer buy happiness.

@ciscoshibler3214 Год назад

Dang... imagine if we all thought like that first girl..... our kids would all be Left with nothing. Great content Graham! Love your reaction videos

@IRdatank Год назад

Even worse, they will live that way too.

@Dodgerific Год назад

"Everyone is Just an Idiot" -Graham Stephan

@kevinquinn7645 Год назад

Student loan debt is different in Australia. Higher education is financed by the government and you pay it back via your taxes but you don't have to make payments until your income reaches a certain level. It just keeps being adjusted by the rate of inflation each year until its paid off.

@martymcfly88mph35 Год назад

That's stupid and Australia should feel bad

@alextogo8367 Год назад

That's just as worst in the US.

@intellectualgladiata Год назад

It's never been much of an issue but in the last decade the price of degrees has skyrocketed and the number of people doing useless or oversubscribed courses has dramatically increased. Couple this with an economy that hasn't grown and is transitioning into second tier status and student loan debt will most certainly become a big a huge issue going forward.

@hs-j6241 Год назад

Lovely video again Graham! Happy you were able to do a video about my own country, Australia! Maybe we can do a success story next?

@AaronHuffmanPerson 10 месяцев назад

"well, that's because these an idiot" I had a spit take on this one

@74_pelicans Год назад

Most Australian news channels have the comments off, not just for this video 😊

@TheGrahamStephanShow Год назад

Good to know!

@GingerNinja2332 Год назад

Important context I think Graham may have missed: this episode was originally aired in 2008, it was just uploaded to RU-vid recently. So when they say "Generation Y hasn't seen hard economic times" they're talking in the specific historical context in which the episode was produced, not about millennials living in our present/their future. It would be interesting to see where these people are today though.

@dtt1805 Год назад

Thank you! I'm not sure how folks aren't realizing this video is almost 20 years old (the fashion alone should give that away).

@quanttumflare7659 Год назад

Cutting up the cards is just a visual representation of cutting the bad spending habits out of your life. It helps put it into perspective. I dont put anything on credit card if I can't pay it back right away. Except for the interest free credit card which I still have the cash to pay it of right away if I need to but I don't have a balance on that card rn either. I was terrible with money and would spend everything I had but I still didn't go into debt.

@gregsteed870 Год назад

I agree with the statement that it will mess up peoples mentally, the whole working for something will get skewed.

@ojonasar Год назад

16:16 - the lack of understanding the repercussions of an actions reminds me of an incident a few years ago - type “orn jonasar durdle door” into a search engine. A lack of fear can have lethal consequences.

@tigerbear3038 Год назад

- That's an old video - 60 Minutes Australia always has their comments turned off

@chickurken Год назад

This originally aired in 2008. At the time millennials were in their early 20's and the GFC hadn't fully hit them yet. Now we're older and much more cynical

@TheIronChainMaster Год назад

The part where he says giving people money discourages them from working harder perhaps the same can be said about some people on welfare and EXPECT that check every single month

@wotanmituns33 Год назад

Using credit lines is like partnering with Powell. The more credit you use and pay on time, the more they give you. It's all a fugayzi ;)

@WholeHeartily Год назад

I bought a tv from Goodwill that had a 50%off sticker on it, so I ended up paying almost $40 for a 50in flat screen smart tv that I use a roku stick on lol.

@caioronnau5226 Год назад

This video from 60 minutes is from the 2000's. The card machines, the fashion, the tech. This is not from recent years

@mechy2k2000 Год назад

Since this video came out in 2008. I wonder if 60 minutes AU would do a revisit with these people? Also love how this is the same thing different day. People are still going through personal fiance issues 15 years later and most likely always will. Does Graham know this video is from 2008?

@davidbrayshaw3529 Год назад

They have. It was an episode on homelessness.

@GodHandFemto Год назад

It doesn't seem like he read the description, because at the start he mentioned 2008 as a financial crisis that Gen Y experienced.

@mkhavok7370 Год назад

Graham saying the i-word sounded so foreign. 😂😂😂. Especially back in the old videos when he use to curse more. Even something innocent like idiot felt so aggressive yet hilarious describing her habit. Lol

@TheSoulCrisis Год назад

LMFAO when he said "everyone in this video is an idiot" I was dying. 🤣

@cubiczirconiabeard5366 Год назад

Those poor people don't realize that getting a material possession gives you a dopamine hit that wears off.

@biscaynesupercars Год назад

Graham please do more videos like this because your reactions were hilarious lol

@cynthial3504 Год назад

Even if your parents don’t reach you good money habits (mine never did) I never blamed anyone else for my decisions. At least in todays world you can learn about anything if you want to through google and RU-vid and other sources. Blaming parents or schools or banks just makes that individual feel better and avoid taking responsibility. Especially bc there’s plenty of people who can use cards responsibly and many learned by trial and error

@A_Schimizzi Год назад

Best line ever..."could be something wrong with her...like her brain"

@huishengong1143 11 месяцев назад

Caleb angrily taking note of their names.. 😂😂😂

@DrawnInk1 19 дней назад

Had watched this 60 minutes some time ago, great to re watch. Would love to know how those girls now think and are doing now.

@gregski806 Год назад

I love how happy they are to state their debts........

@alwaysfallingshort Год назад

The lady down the street had huge credit card debt when I was growing up in the 90s. This is a hit piece.

@ThisIsMego Год назад

There's always going to be irresponsible people. When I was a teen my parents at some point gave me a fairly generous allowance but I had to buy EVERYTHING with it (outside living necessities). New clothes? Check your allowance. Bus ticket to school? Either that or if you want to save, bike to school. Taught me to live on a budget and respect the money I have. Hell, I'm at the point where making any big purchases is a decision I think over at least thrice, regardless of whether or not I could easily afford it out of the money I have. I'd rather save up in anticipation of a purchase than to finance it and be saddled with the debt for a while.

@thanksyoutubefortakingmyhandle Год назад

Yeah I get debt when it's needed for your life. But if it's random mall spending or online shopping, and you can't afford it, something's not right hah

@MoonPhantom Год назад

It's kind of funny, only last week as I visited my parents, my dad started to lament how we didn't have much money when I grew up, and what we got as a family wasn't special. And I was just like... Are you kidding me dad? I am SO glad I didn't grow up lavishly, I now appreciate everything I have and I have never been a dime in debt. Not even once. I think about what I want to buy and appreciate what I got.... Also though we didn't go on fancy vacations when I was a kid, we went out camping and visited museums and did A LOT of family things together. I actually feel like we are closer as a family than many of those rich people where it's all about just having the most expensive travel to Cancun or whatever and then just do each their thing. So.... I am REALLY happy about my modest but real childhood and aim to continue living a modest life.

@kristinab1078 Год назад

Comments are almost always blocked on Australian news, TV programs, documentaries, etc. I especially noticed this during Covid. Apparently, they discourage open discussion or opinions.

@UsurpersAndAssassins Год назад

Australia and New Zealand both have the same problem. 40 years of property bubble and government borrowing to subsidize the irresponsible and lazy, that twisted the populations understanding of money. It made them even lazier and downright arrogant. My heavily indebted 27 year old co-worker here in NZ, told me she would pay ANYTHING to go to a Taylor swift concert, so I asked her what she would do if tickets were a thousand dollars? Without irony or sarcasm, she said would happily borrow more money and pay it because it was a "life experience". I was stunned. No wonder her debts add up to three times her yearly income.

@ryanfeenan6280 Год назад

Aye this just made me be ashamed to be a gen z in Australia but my parents have tought me with fantastic money values Also I would love to get in contact as I’m looking into the states because of your podcast with jack talking to Pace Morby so thank you

@matty5492 5 месяцев назад

That first girl just grates me. Such a stupid attitude to think “I guess I’ll just go bankrupt.”

@jjpp1993 Год назад

"everyone is just an idiot" Graham, 2023

@gidgetgetscrafty Год назад

I clicked on that video last week, and it looked like it was from 2007, so it didn't seem relevant to today.

@burgerjointgame Год назад

The 60 Minutes Australia video is from 2008 - the are talking about the '08 crisis - that channel always re-uploads old videos. A dead giveaway is the old "HD-Ready" TV and stereo with cassette desk at 8:16.

@ejsgarage Год назад

Hi Graham, I used to watch your videos when your channel was still small. I am glad that you are now famous and popular my friend! :)

@AviSpira Год назад

Still very enjoyable to watch but honestly how old is this episode of 60 minutes? lol

@Ipreachchrist Год назад

Another great reacting video, Thank you Graham!

@HandmadeDawling Год назад

I wasn’t taught about money and needed to start paying rent as soon as I graduated high school. It didn’t matter if I was ‘home’. So I moved out. $450.00 by the beach in CA in 1985 was expensive. I only moved back home when I had an accident and couldn’t work. As soon as I was able I moved out and now I’m married and work for myself. I live way under my means and only own a car (Kia) and 1/2 a house in Las Vegas. Life is good. 🌻

@NorVack Год назад

Damn… how could they sleep at night with all that debt 😱

@chris24hdez Год назад

It's all about feeling the immediate reward and being in denial about feeling the pinch coming later. Stealing from your future self.

@gabrielrocha8571 Год назад

Feels good to be debt free .. thanx

@jamesdominko9172 Год назад

Doesn't change the message but contextually i think its important. It looks like this clip is from around 2008 or so and is just a recent upload!

@lucasb409 Год назад

This is not a millennial or Y-generation problem. My own mother who is a baby boomer could never have self-control with a credit card. She always maxed them out. It was due to her egotistical belief that she could always pay it off 'somehow'. Even though she could not hold a job. I had saved her from her debts. Never again though. She racked it up again to go on vacation. Guess the reason? Oh, it's due to the stress of it all... So many people just cant be accountable.

@juanzepeda8690 Год назад

Wow I thought I was financially irresponsible. Glad I’m learning and that I’m not in such a situation

@Alfredosolotravels Год назад

I see you hit a million finally 🥳 congratulations

@jonsmith9728 Год назад

It would be funny to see Ramseys reaction to this… btw i think this was Grahams most out spoken vid haha

@douglasanderson7260 Год назад

I feel like cutting up the credit card, is kind of in the same vein as writing down habits you want to do. It is just symbolic, and just as writing ones habits in a journal does not force you to do the thing that you want to do, but it reinforces the commitment to the path. Because if the person called the cc and asked for new cards the cc company would have them out in that day's mail. Especially for the heavy users who are paying tons of interest. But people who use credit cards like they are doing is the reason that credit cards can charge so much in interest. They are the ones who cause significant risk.

@janelleg597 Год назад

Cutting up credit cards is a good start. It creates a barrier

@sl0w_racer Год назад

What else is she supposed to do? she can't close the account unless she can clear the cards

@TheSoulCrisis Год назад

@@janelleg597 xD

@Allaiya. Год назад

Yep. I lived at home til I was 28. My parents couldnt afford my college but they could do that. Used that time to pay off my student loans and save for a house down payment