HOW CREDIT CARDS CONTROL YOUR WORLD | Credit Cards Explained!
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- čas přidán 24. 07. 2024
- Hello everyone! We are proud to say that our little channel just got its first partner! 🥰If you would like to support our channel and help us create more of these videos, please check out eToro 👉 fortunly.com/youtube-promo-usa (if you are from the US) or fortunly.com/youtube-promo-gl... (if you are from anywhere else in the world). Thank you for the support! These videos are hard to make and we appreciate all the help we can get in order to produce more awesome finance content! 😎
In this video we will talk about how credit cards work, how many should you have, how to use them to your advantage, and how to build your credit score?
Basically, we will try to figure out if there is a way to make this little piece of plastic work for you and not against you?
In this credit card explainer video, we’ll breakdown and explain credit cards for beginners. Here are just some credit card basics we’ll cover:
Introduction to credit cards (0:00)
How credit cards work? (1:11)
3 ways to use credit cards? (2:07)
Why use credit cards? (3:25)
History of credit cards (5:14)
What is pain of paying? (7:47)
Conclusion (8:51)
Next, we will explain what is the main difference between credit cards vs debit cards, as well as how to build your credit and how to avoid credit card debt with the best way to pay it off.
You will learn everything you need to know about credit cards, a bit of credit card history, who invented them, and how they are connected to the Diners Club, American Express, VISA and Mastercard.
Finally, we will cover how and why we’re psychologically trained to see debt as natural and inevitable and what is the pain of paying.
In the end, the real purpose of this video is to teach you how to save money, and how to truly master and understand credit cards, and all the benefits and potential dangers they bring.
The promised gloomy statistics:
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#creditcards #debitcards #finance
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Hello everyone! We are proud to say that our little channel just got its first partner! 🥰If you would like to support our channel and help us create more of these videos, please check out eToro 👉 fortunly.com/youtube-promo-usa (if you are from the US) or fortunly.com/youtube-promo-global (if you are from anywhere else in the world). Thank you for the support! These videos are hard to make and we appreciate all the help we can get in order to produce more awesome finance content! 😎
Kiyosaki as my late husband would say have achieved an incredible feat in the stock market. He turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.......
For the average Joe, however, I think it is just best to invest and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
.............
I agree with you, it has been so much of a hassle since the pandemic. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000. The role of analyst can't be denied....
I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
....
I work with "HELENE CLAIRE JOHNSON". I understand what it's like to see your portfolio going down. I hope the performance improves.
I empathize with the challenges faced by JENNY PAMOGAS CANAYA and can relate to the frustration of witnessing a decline in your portfolio. I wish for an improvement in performance moving forward.....
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
This is amazing! Clearly a ton of work went into this. Very nice job.
Does the ‘pain of paying’ sound familiar to you? Do you think that credit cards make you spend more money? Share your thoughts with us, and let us know what other topics you’d like us to cover next?
And I can use for games
This is amazing! This channel needs more reach
Thanks, we are doing our best to create more videos and hopefully reach will come with it too! :)
The Investment Banking video was my intro to this channel and I'm super impressed. I don't understand how this channel is so small
I love this channel. Detailed financial concepts explanation but still BEAUTIFUL Visualizations. GREAT JOB. THANK YOU 😊
I'm definitely No 1 Gary... I credit back the funds debited from my CC the very next day....in full
your channel deserves a lot more subs , thanks for the info
Did you notice January written as Jaguar @ 1:40 ? Or am I reading things differently?
You noticed! Actually, one of our lead animators’ dream is to someday own a jaguar, and he REALLY wanted us to put it in the video somewhere…So we did! Not exactly what he had in mind, but the rest of us had a good laugh!
Glad you guys are paying attention, there are more easter eggs like this - keep looking! 😉
@@Fortunly - Haha. Was just taken aback a bit. Don't worry at all. I know animation can be a tough job and more importantly, your videos are very nice!
This a very well-put-together and informative video. Thank you for creating this.
Just stumbled across your channel! Amazing work you guys are doing here! Keep up the good work!
Thank you so much! We're finishing our next video, so it will be out soon. ✌🏻
I just found this channel today, and seriously guys you made great contents! Keep it up!
Thank you, Ivan!
Quality work over here. Well done.
keep up your good works! very nice presentation
This level of simplicity! Ahh soo good!
Thank you! Our new video will be online soon, and we hope you'll find it interesting as this one. 🙌🏻
This is some quality content here! It baffles me how you don't have more subscribers yet.
We're waiting for the subscribers patiently! Also, our next video will be out soon, so keep an eye on us. 👀
8:56 That animation had me dead laughing
You're a true genius
Thank you, we're always there for a good laugh! Also, our next video will be out soon, so we hope it will be equally entertaining. 🤞🏻
brilliant work!
Well done! A great channel 💪
Glad you enjoy it!
Very high quality 👍
It´s unbelievable that this channel hasn´t blown yet.
We're waiting for us to shine, too! 🤞🏻
And while you continue to pay the minimum payment on your balance the card holder increase your credit limit. Which increase spending.
I’m pretty impressed
What animation tool you are using. Please suggest
Good job.
Many many thanks!
lThe points in exchange for the labour to pay off credit.
Points I gain for rewards.
I was receiving a hundred dollar check one time for my credit card for every ten thousand points.
You don’t have debt if pay each month.
I use my interest in savings each month to pay my cards . But you could say I’m the above average people that have money .
I also get loans against my money and still make money on the interest.
Teaches me more than school
That's why we're here! 🙌🏻 Also, our next video will be out soon, so we hope you'll gain new knowledge. 🤞🏻
At 1:39 it's written jaguar instead of january
It is! Hope you like our humor. 🤞🏻
Oka
How can I pay off my credit card with the labour I do when sewing novevements .loops variables go algorythem hello world.
Gary Garrington Jr.
Jaguar
What are the best strategies to protect my investment portfolio from declining and amassing a lot of profit? I'm concerned about my $800k portfolio which was down 40% ealier this year and is still not fully recovered.......
Investors need to understand where and how to allocate funds to hedge against downturns. it's better for you to consult with an advisor to help you allocate assets in your portfolio for better yield.
True, proper asset allocation is critical. Furthermore, some folk employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns. How else is this achievable except through expert guidance? So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.........
How can one reach this advisor? please i'm in dire need of one to help me with my portfolio
Jaguar =/= January
In Fortunly team, Jaguary equals January ✓
so i was born on 16th of Jaguar 2003
Cool kids are born in Jaguary!
I rather use One credit card better Lol then 4 credit cards 😆😆😆😆😆
so many things wrong with this video i wont be clicking subscribe