Loans 101 (Loan Basics 1/3)

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Loans 101 (Loan Basics 1/3)

Рет қаралды 223,532

MoneyCoach

Күн бұрын

Пікірлер: 46

@incognito5109 5 жыл бұрын

Dang bruh good thing I saw this video before getting a $15,000 loan for a car lol .this got confusing really fast.

@danieljackson4171 Жыл бұрын

Loans always takes more money from you in the end.. Loans are beneficial only to the one who gives only to haunt your finances.. Double Trouble!!

@zzzanon 5 жыл бұрын

APR includes the interest AND any fees. I never knew this. Thank you for making this video!

@earlibee Жыл бұрын

whats the meaning of APR?

@alanburt3675 10 ай бұрын

@@earlibee annual percentage rate

@grigoriyefimovichrasputin7897 4 жыл бұрын

16 and this video helps a ton

@kenm2595 4 жыл бұрын

peter ur a grown man

@dejesusrussell 4 жыл бұрын

I'm in grad school now and I feel like this should be part of our required high school education, or if it already was, that it should have been taught more effectively.

@07ikkin 4 жыл бұрын

Thank you! I should have paid cash for my (used car ) but took my parents advice and financed it to build credit. Now I'm confused and trying to avoid as much interest as possible. This was helpful but I still have questions. I subscribed

@godessofyouguess 2 жыл бұрын

Ur parents were right if u didnt have any credit or shitty credit but if u Pay that car off in full hella fast that will bump ur score hella !! Good luck !! :)

@dianawatson188 2 жыл бұрын

Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.

@Iucebowel 2 жыл бұрын

That's clever yo, APRs can screw people big time if we just looked at interest rates alone

@perseveranceoverpower 3 жыл бұрын

This shit ain’t taught in school

@samimahmed8457 4 жыл бұрын

Thankyou for giving that question about loan

@samimahmed8457 4 жыл бұрын

Please give more questions about loan

@ANDREW.24 Жыл бұрын

Thank you for this information it helps me a lot

@mackendietoussaint5135 10 ай бұрын

Amazing

@notgabriel8624 2 жыл бұрын

So for a person trying to build some credit how would I go about this? Do shorter term loans come with less interest?

@ObviouslyDan 2 жыл бұрын

Less interest in a sense that you’re paying for a shorter amount of time.

@declanwaylon6263 2 жыл бұрын

Thank you a lot for this video.

@dannyt2892 Жыл бұрын

Talk about the banks and how fractural reserves work.meaning the banks lend money they dont have .they obligate the borrower to pay back a loan that the banks never had the money for in the frist place.that's fraud..

@marcaldovino264 3 жыл бұрын

My Friend keeps telling me to pay a loan with a loan, I'm pretty sure it's impossible but I don't know if it is

@deebestest100 3 жыл бұрын

Consolidating. You can probably get a lower interest rate on the second loan.

@SakibAli-yr7kw Ай бұрын

Why did you stop uploading videoes?

@fredherring876 2 жыл бұрын

Interesting video 😄

@jeffreysegarra9304 4 жыл бұрын

Really helped👏

@richardtorres312 Жыл бұрын

What editing software do KZfaqrs use to do this drawing thing? I feel like I’ve seen this same format on many KZfaq channels

@moneycoachio Жыл бұрын

We use VideoScribe! www.videoscribe.co/en/

@hoodguie1221 Жыл бұрын

Can you please do one on retirement

@moneycoachio 10 ай бұрын

We did! Retirement 101: kzfaq.info/get/bejne/rdiJpa9n0LKcg4E.html

@mr.kimchoi3547 3 жыл бұрын

Subtitles covers the video ☹️

@suefletcher2637 3 жыл бұрын

Hello how do I find a real trader , I have been scammed so many times

@nauticalnovice9244 2 жыл бұрын

A car is not an asset!!

@wuttiffleaf7651 Жыл бұрын

anything can be an asset

@nauticalnovice9244 Жыл бұрын

@@wuttiffleaf7651 a car can be if someone rents it out

@reforming9395 4 жыл бұрын

sauce me some answers class

@toryloans5075 3 жыл бұрын

@aneesulhanif4275 2 жыл бұрын

Hi sir Anees Pakistan

@pooooopppyyyyfarttt 4 жыл бұрын

i'm 13 and i'm scared 😃

@user-kr1vw5yf4s 3 жыл бұрын

U need to be 18 anyway

@nauticalnovice9244 2 жыл бұрын

Why? You're not gonna be using loans in at least 4 years? So...

@danieljackson4171 Жыл бұрын

It's very challenging to save money and use what you have saved.. But it works best. Never take loans they make your financial situations double trouble 😱😏 they take from you all you've got in the end.