Nobody is quite as profitable as the re-financer Nobody is quite as unprofitable as the early-payer (not even the guy who went bankrupt and whose house got adverse possesed when you werent looking)

The fact you Americans have to build up your credit, is a disgrace. I never had a credit card and got a mortgage at ca. 3.5x yearly wage basically the day I was hired at age 23. 🇳🇴

I’m 20 and my mom wouldn’t let me get I credit card until I moved out. The limit was $1000 and my entire life she told me if I couldn’t buy it in cash, I can’t afford it. I paid for my car in cash, and every time I’ve had an emergency I couldn’t afford, my mom would give me a loan because she doesn’t want me using credit from a third party. I’ve never missed a payment and my credit score is 800. I only really use my credit card for gas and food and pay it back before the end of tho month. It’s important that parents drill financial knowledge into their kids, but I was obviously blessed to have parents with money. I couldn’t imagine living in this economy as a 20 year old with parents they live paycheck to paycheck.

⁠@@bigpapi6688i remember my uncle co-signed a card for me, and told me to spend about $100 a month on it my credit score was ~744 when i opened my bank account after i got my first job still not quite sure what it means, but i’ve been told it was better than what he had until a few years ago

​@@mathiastwp you can't get a mortgage if you don't have any credit!

I think it's more accurate to say "It's expensive to be stupid." Financial institutions aren't limiting access to these things to rich people--it's just that some people don't know about them. And not knowing leads to running into ways that people can nickel-and-dime you out of your money. "A fool and his money are soon parted." And a down-side to our system is that it facilitates that parting better than many other things that it does.

@@onthemerits It's not just that. Let's take something simple like buying in bulk. Though buying in bulk will save you money in the long run, you have to have a larger lump sum up front in order to do so. The poorer you are, the less likely you are to be able to get that lump sum together before you need your item, whatever it may be. In addition, with certain items, higher price means higher quality, which can in turn result in a longer period of time before the item wears out and needs to be repaired or replaced. In many cases, it's cheaper in the long run to buy a quality item that will last longer than it is to buy a several cheaper items that keep wearing out over the same time period. But to get access to high-quality items, you need to be able to afford that higher price tag up-front. As pointed out in this video, there's a minimum balance that needs to be maintained if you're going to have a bank account, and going below that costs fees. Again, it's much easier to obtain and maintain that minimum balance if you're not poor. It's also impossible to safely invest - even in low-risk investments - when you don't have a large-enough emergency fund built up. Putting $100 a month into, say, an unmanaged mutual fund is much easier when you don't need that $100 just to put food on the table, or to make sure the next time your old used car breaks down you can afford to get it repaired. And it's not like you can borrow the money, either, because you likely won't have a good credit score, as creditors won't give you loans or credit cards unless you have a certain amount of assets. Poverty isn't something people choose. Anyone who says otherwise has no idea what they're talking about.

@@AndrianTimeswift I was poor ("US poor", not 3rd-world poor) at one time in my life. I was a student, with a wife and a few kids--several mouths to feed. I didn't have a Costco card, but my wife and I were still able to leverage coupons wisely and build a food storage--in our poverty--through which we could save up food reserves as well as cash reserves. This allowed us to save a lot of money by only buying things when they were on sale. At one point, through leveraging coupons, we didn't have to restock shampoo for 3 years. It didn't take a lot of money to do that--it did take some knowledge and planning and some financial discipline. Buying low and selling high are market principles that work at all income levels--of course rich people can get more benefit out of those principles, on an absolute basis, but that doesn't mean they don't work for poor people too. Additionally, I've seen these principles work outside the US as well. I have close friends in very 3rd-world parts of the Philippines. Years ago they lived in a little bamboo/nipa hut with a large pig living under their floorboards. They had 9 kids--11 mouths to feed. Today, after many years of their children working hard in school, many of their older children are already successful and ("poor" again) raising families of their own. They, justifiably, consider themselves "poor" in relation to me--well, more accurately, they consider me "rich"--and they are correct, nearly every American is "rich" compared to them. However, they don't live their lives with a victim mentality thinking that they are defined by their poverty. Material poverty has its problems, but it's not the world's biggest problem, by a long shot. The worst problems come with inter-generational poverty--when families are perpetually stuck. And those problems are directly tied to education. I have been poor. Part of that experience sucked, obviously. But with a "future-mindset" it wasn't a crushing experience. To the contrary, it was refining and I learned quite a lot going through it. I truly wouldn't be who I am today without that struggle. You say a lot that "it's a lot easier [to do this] if you're rich" and "which is a lot harder if you're poor". Duh. Who can argue with that? But "harder" doesn't mean impossible. And people grow a lot through doing hard things. I know I did. Truthfully, having been in the underclass, I feel worse for those born with a silver spoon. They often don't face the struggle that refines their character. As a parent, I would not want my children to have no understanding of poverty and only know ease. I think wealthy parents would have an immeasurably more difficult time attempting to raise quality human beings. That's a challenge I honestly would not want to face.

@@onthemerits Congratulations on your carbon fiber bootstraps. I'm sure your success story is an inspiration to us all. Meanwhile, those of us who are too busy working to spend hours hunting for coupons and who have no space to store three years worth of shampoo will just have to build our characters so that we can become as saintly as you are now. Did it ever occur to you that instead of blaming the powerless for their powerlessness, it might be a better use of your efforts to actually try to help them? Of course not. You have such a wonderful character that empathy for those less fortunate than yourself is beneath you. I'm genuinely glad that you managed to beat the odds and escape poverty, but don't think for a minute that because you and a friend of yours managed to do it that such a feat is achievable for everyone in poverty. What are the millions of homeless supposed to do? Do you realize how difficult it is to find a job when you have no permanent address? How about the disabled, whom nobody wants to hire or accommodate, and for whom obtaining the welfare they need and are due can take years of struggle? How about all the wounded veterans who have fallen into poverty? Do you think they lack the discipline or education necessary to replicate your feat? And did it not occur to you that a lack of education is often a direct result of poverty? Poverty is one of the biggest problems in the world today, in the same league as climate change, the looming energy crisis, and slavery. It is a problem created by forces well beyond the control of those who suffer from it. I know people in poverty, and for the most part, they are just ordinary people doing the best they can to get by with what they have. Their characters are not deficient. I can't say the same for the people who, through greed, malice, or indifference, choose to insult the poor instead of trying to help them.

@@onthemerits as much as I agree with many of your points, you still need to understand that the cards are stacked against the poor. It is very possible to get yourself out of poverty, but much of that depends on education and there is also an element of luck involved. This is why the current education system in the US is so lacking. It too often never teaches any practical skills and knowledge. That and the fact that the readily available public education system is being slowly gutted. The poor often stay poor generationally due to the lack of opportunities for the undereducated, and the inability to receive the knowledge and skills to break the cycle. That and the fact that there culture of ignorance breeds more ignorance. This is obviously still ignoring the fact of there being a need for a poor class of people for there to be a rich one, which is not a particularly good or bad thing, just a fact. Economic mobility is becoming more and more stifled as things continue. The people in control will always want to stay in control, so they are actively fighting against the idea of a meritocracy. The entire situation is complicated with too many factors feeding into it to easily keep track of.

Yeah, I hate when that shit happens. The good stuff will save you money in the long run; but, if you can't afford it, you end up paying even more than the good stuff would have cost, because the crap you can afford, falls apart...

GNU sir Terry Pratchett...

My great grandma had a saying that my mother repeat everytime I try to save money by buying cheap things "I'm not rich enough to buy cheap". Like Dishsoap yeah the great bottle is really cheap but the little bottle of a better mark will be far more efficient and thus will last longer.....

My great grandma had a saying that my mother repeat everytime I try to save money by buying cheap things "I'm not rich enough to buy cheap". Like Dishsoap yeah the great bottle is really cheap but the little bottle of a better mark will be far more efficient and thus will last longer..... PS: They used dollars in the English version? In French version they use piastre an old money XD

Not to mention the poor man would later have medical issues related to wearing bad shoes for ten years. And in the US, that would come with astronomical medical bills, and I HIGHLY doubt his employer would pay him to take the time off he'd need to sort that out.

Apparently you know a lot.

@@bongwelll Agreed.

I thought KB Morgan was a fantastically clever pun.

*My disappointment is immeasureable and my day is ruined*

Lawrence I didn’t realise that, now I’m impressed instead

@@joerionis5902 I feel your intangible neurotransmitter response. Kia kaha!

🤣

In Pandemic Self Isolation, it's fairly normal and not necesserily reason to worry if you talk to your plants or piggy bank or what not. It's when it talks back, that you'll need to call a crisis line.

2020 is the year his piggy bank started talking back.

I like your presidential election series

Completely off topic but, bruh I thought you were Mr. Beast, and I was like nooo fuckin way he watches KB lol.

Go outside! I know this pandemic is bad but stop acting like this is an actual quarantine, we have masks and can help when going for a walk

It's a weird one in so far as you can do it without putting yourself in a bad situation, but it always involves putting yourself at risk where there didn't need to be any. You can get a decent credit score by using a credit cars for your daily transactions and paying it off every month, but you pay way higher fees for a credit card AND they always give you a limit that's honestly just a bit too high to feasibly pay off all at once from your paycheck without savings. So you have to have proper self-control. Evil that that's the system, but it can be done. Just in a way where they dangle the carrot of consumer debt in front of your face literally constantly though.

@@chloedsmith This is what I did. I lived with a budget and paid off my credit card every month in full. This was the only "loan" I had, and it paid off. My credit score was really good, and my husband and I were able to buy our house with a very low interest rate. It might take longer to build up "good credit" this way (I wasn't really checking my credit score constantly), but I'm pretty sure it was always in the 700s. I got my credit card at 18 and paid it off in full every month, and we bought our house when I was 27. We still pay our credit card in full every month, and it's been 20 years. It is possible!

​@@chloedsmith The thing is that this debt that is dangled in front of you, eventually breaks off the line and then it compounds. It's not even about frugal spending, it becomes about a medical emergency or a crisis that lands you a few thousands dollars in credit debt. Now you can't pay that and thus it compounds on top of your regularly monthly/annual credit debt, right? Then there's the problem of trying to plan financially, but prices keep going up whilst wages stay the same. So now, wages are the same but prices and credit interest rise in pretty much a smooth slope. What you could afford a year ago to take on credit, maybe you can't afford that anymore and that credit debt now accrues. A good example of this is mortgage premiums. The average mortgage premium since 2019 has almost doubled. That's how they catch you with credit debt. You plan and plan but prices go up whilst your base income remains stagnant. Now, it's a different thing for the middle and upper middle class because there usually exists some form of safety net, right? You're not usually betting on credit with every last dollar. If you spend frugally, you may be alright and accumulate decent credit because you also have disposable income to buy in cash instead of credit. If you're poor and have a credit card, you're more likely to spend alot more on the credit card because you don't have cash to buy in bulk or to spend throughout the month. So you put it on the card. Poor people need credit to survive, middle and upper-middle income people have the freedom to use credit as a means to bolster their financial profile in the eyes of banks and lenders. The more money you start with, the more credit can help you. But the less you start with, the more it will hurt you.

It's not really that at all, you're making it sound intentionally malicious like they want to punish you when thats really not the case. You want to borrow a large amount of money in order to make a responsible but large purchase. Say a home. Before they let you borrow this large sum of money, the bank wants to know how good you are at borrowing money and paying it back. That's why they look to see if you have any history of borrowing money. If you have no history, then you're a complete unknown, and thats understandably kinda terrifying for the bank. So they charge you more interest. If you were genuinely irresponsible with money, you are not rewarded for that. If you're irresponsible, you spend more than you can afford and you start to accumulate debt. Lets say, credit card debt. At some point, the interest payments and minimum payment each month get too big that you can no longer pay it, and you miss a payment. Thats when you get hit with the credit score penalty. As for you living life only on your own money, that's great. That's respectable. It's nice to see that you are responsible with your own money. But would you also be as responsible if you were using somebody else's money? If you could suddenly have access to 10K in credit from your credit card, would you go off the rails and go on a shopping spree? Being responsible with your own money is not the same as being responsible with other peoples money. That's why they need to see a history of borrowing other peoples money, not just a history of spending your own money responsibly.

Always the protein part of food was the problem. Non perishable no cook carbs are easy. When I was homeless, despite working full time, protein was precious.

bread and bottles of water (few litres)

Even outside of such extreme as being homeless, it's still expensive. Once I got enough cash to get mortgage, I could pay less to bank than landlord previously AND I'll do it only for 30 years instead of forever. I live in Poland but I'm sure other places are similar.

@@sleeexs "Bread and bottles of water" (chimes in the clueless guy). Being homeless means being on your feet around the clock, which means you need calories. It also means that you likely don't have any storage except perhaps a backpack (if you even have room for something like a loaf of bread). Why don't you simply trust people who know better than you because they've actually had to live it?

@@Gnidel True. Renting necessarily costs more than owning a home, otherwise it wouldn't be profitable to rent to others. And renting never brings ownership.

Granted it's been a few years since I graduated high school but the concept of money and doing taxes was taught in economics... so it's taught but whether people pay attention is a different story

@@snbks4ever how fortunate, economics are not even a subject generally taught, it is not the US so I can not tell about there, but here they just teach that to those who take tourism and hotelery only, for some reason.

Me: "Hey teach, can we learn how to do our taxes or to properly set budgets?" Teacher: "No can do, we're learning the quadratic formula today"

@stockart whiteman Maybe different states do things differently, I mean for all I know even my state has changed too which wouldn't surprise me. I do wish I had things like this back then because trying to learn about this stuff at 9 in the morning was never the easiest and agreed there really is no standardization

@Average Joesson You would think so, but its not so simple Most Americans don't have a budget at all, they just buy what they need living paycheck to paycheck wondering why they can't save anything

Jarvi : it works exactly the same in Canada and probably in most of the so called "developed countries".

As someone who's from the US, so do I

My best friend is Danish and she was horrified when I mentioned getting a loan on a car I could otherwise afford to build credit.

​​@@ironeleven I'm sorry but she was right. An auto loan is probably the worst possible way to "build credit". Purchasing a depreciating asset that you can afford without credit, at a 10-15%(if not more) interest rate is honestly insane. Whatever credit you built is completely lost in not only interest, but the depreciation of the car. Like financial advisors are usually against financing a car at all, especially if you can afford to purchase without financing. I seriously hope you bought the car outright..

In Australia, we have credit scores but they don't affect how much interest you pay, just whether you get the loan approved. That said, of your credit is bad enough that you can't get a regular loan, you will end up having to go somewhere that charges more. Also, there's no need to "build credit" here because you credit report only covers "negative" events like missed payments. No credit is exactly the same as perfect credit.

You don't educate your slaves. That is why they don't teach finance in public schools.

1:41 made me chuckle, really added to the video. More skits!

The answer lies in the very phrase "get ahread". You need someone behind you for you to be ahead and it is in your best interest to keep the ones behind you for you to be comfortably ahead

overdraft fees

nah, just ask friends to watch the first 10 minutes, just that. giggity giggity (they'll be sold for the rest of the movie)

@@upublic are you Australian?

Because trigonometry is more important, apparently.

Because that's how education works in US. Politicians and big corps want to keep people stupid so that they can keep their scam game running forever.

To be fair, I've had a lot more use for algebra as an adult than I've had for knowledge of how banking worked.

I had to get a bachelor's degree in accounting to learn this. BS, I know

It is not the job of the education system to teach you how to do every single thing.

I liked Yang, I just didn't think UBI was going to work without stiff implementation of rent controls. You cannot play nice with those policies, and frankly I dunno if he could handle the right wing right now.

@@DuoXCity i think he could have done alright. Afterall, he wouldn't have to face them himself all the time. He could get an ideological supporter who's a bit tougher to deal with them.

@@DuoXCity i think he's one of the better candidates to handle the right wing because he's happy to talk about business, finance and economics. even shaprio seemed to have some respect for him in this regard.

Yang: "In other countries, you can get a lot done at the Post Office aside from mail. We should follow suit here in the U.S.-it would reduce costs for consumers, make Post Offices more vital, and provide financial services in rural areas." Bernie: "We must ensure all Americans have access to basic financial services and end the exploitative practices of these modern day loan sharks. We will utilize the 31,000 post offices across the country to provide basic banking services. This isn’t radical, or even unusual. More than 1.5 billion people across the world have access to some form of banking at their local post offices. In fact, we used to do it here. From 1911 to 1967, you could bank at your local post office in the United States. In the middle of the 20th century, our postal banks serviced 4 million customers." Wither would've been better than Biden :X

Justin Barnes why does UBI need rent control? Rent controls only cause average rental prices to increase faster than they would otherwise (look at SF and NYC, rent control artificially decreased supply of affordable housing, driving *up* average rents) but even if rent control could be implemented in a way that keeps the available pool of housing big enough to match demand, why would UBI play a role?

Time value of money is one of the hardest concepts for people to grasp if they don't understand finances in general.

@@TheRealMeatwad So...there isn't a single investment option banks offer that beats inflation So savings accounts are all worthless

When did he leave? I just assumed it takes a significant time to research these videos. He also might have another employer/job as well as a personal life.

Yes, he does. I think he has a channel in Nebula? He posts his old video in YT.

He does monthly uploads

@@marcusjackson5837lol do you fuckin think they're getting literal billions from inflation

Boomers got theirs, then scrubbed worker and impoverished protections and services when they didn't need it anymore, and started caring more about their investment portfolio.

From everything I've heard about from KB and other sources, the USPS was profitable pretty much until the government stepped in and fucked around with it. I don't understand how boomers or anyone could conceivably vote to damage it, especially since some boomers would have grown up with USPS banking services. I think the main issue wasn't people voting against their best interests, but rather elected officials doing some shady back-handed deals with banks and postal companies like FedEx and UPS.

@@lego501stTrigger I believe the usps was fucked with was because they had been putting their retirement on to the federal gov. and the reason that it was changed was because the feds just wanted them to deal with it, plus pay the feds back. That's why the debt is so high. Take that with a grain of salt though I only read a couple of articles

@@andrewputnam2717 the usps was fucked with because they are a successful government program/department/whatever that has a high approval rating with the vast majority of the population. and when your parties dogma states that "government is always bad" your only solution is to kill the parts of government that are well liked. that's really all there is to it.

What's really crazy is living in the UK, seeing these failures happen in the USA, then hearing people here suggesting we do the same. I don't pay for my bank account. I'd like it to stay that way.

Why was this a day ago

@@awesomelegobatman hmmmmmmmmm

YOU AND YOUR LIES WILL NOT PERVADE ME YOU LIAR

@Ragnar thank you

@@awesomelegobatman Patreon early access probably,something like that

I'm happy to not live in the US. Since I was 13 i have had full control of my bank account. No fees until i turned 20, i have right to buy mutual funds for no extra fee, and it includes a stock portfolio for no extra fee. Only costs I have ever spent is small maintenance fee for having a debit card, but that wasn't until I turned 20, even though I had it earlier. No hidden fees, access to debit card, savings account, mutual funds, stock portfolio. No different how much you have in the account, you can literally have 0 dollars in your account and 0 income, I had that as a teenager, they will not close it or put a higher price for it. You don't get extra rewards for being a big spender. This is all standard for all bank accounts, regardless of bank. To me all of this information is worthless, all I can do is sit and wonder how it I legal.

The economy is a joke and a lie. We don't live in a meritocracy.

alberta govt treasury branch also operates as a retail depositor. in the usa there is the bank of north dakota - govt owned/operated and gawd help the politician that proposes "reforms" to it: said parasite will be out of a job even if it means doing a "recall" and turfing him. it's been done decades ago and the bloodsuckers in our leg and governor's office know enough to avoid it altogether. ps canada has much tighter rules on your banks than in the usa. here it's a free for all anyway they can get away with...

When Clinton signed off on the repeal, that's when we found out there's no difference between Democrats and Republicans. Take a guess what current Presidential candidate voted for that?

@@ernststravoblofeld ugh so tired of corporate politicians.

@@syntheticteapot They are a logical step on the capitalism path.

Depends on the account. There are some savings accounts with higher interest rates that you aren't allowed to withdraw from at all for x period of time.

@@tgrules565 That sounds like a CD, not a savings account.

I think the limit was removed with the COVID-19 stimulus bill but I’m not sure if it’s permanent.

Justin Adams yeah it wasn’t a part of the stimulus bill, just a statement from the Fed saying it doesn’t exist anymore.

Yeah, it depends on the account, at my bank, if you do more than two withdrawals in a month, they close you savings and put it all into your checking.

He actually made a video about ferrets a while ago

My guess, ideology. The end of postal banking 1968 coincides with the rise of neo-liberalism in western democracies.

@@SemiDoge Sorry, but no. Neo-liberalism had nothing to do with it. Quite the opposite, actually. Postal banking ended in the US because not enough people were using it. Postal banking was created before there was the FDIC to insure deposits so your money was guaranteed by the full US Gov. The peak of postal savings was 1947. From there on it was a steady decline until it just didn't make sense any longer. With the financial and moral failure of 'Big Banking' these days and the ensuing banking deserts, it does make sense to bring it back even if it isn't profitable. Because that was government is for; to provide service to its citizens. ALL of its citizens, not just the wealthy ones.

Sounds like Get Lucky by Daftpunk

Noone ever owns a home unlesx you're rich enough to pay it off & have enough cash set aside for propertytaxes foryour life's remainder

Well, not to be 'that guy' ... you own the home. The seller got paid. You have a large debt to the bank. People do go to a store, use a credit card, money they don't possess goes to the store owner, and you have a debt to a bank. Everyone consists them your groceries.

You pay for it in full, you're just paying back a loan every month

@@pmcgee003 You have a large debt to the bank, why? And if you fail to pay, who gets the home? The owner, which is the bank.

......So wait are you saying we own the grocery stores now? HEY, FAM WE HALF OWN OF WALMART!!! HORSES FOR EVERYONE!!!

Is that not money? I mean at least the asset's value is based on something. *coughs in $$$*

I guess you are confused about what he means by "Money". Think of it this way, debt is an asset that a bank owns because it is an asset it has value so thus banks create value. Money however is just a way to express value in numerical terms.

That's how you create money. You don't drive a car, you drive a four wheeled vehicle.

I agree. If i give one dollar to a bank, for accounting purposes the bank has 1 dollar in assets and 1 dollar's worth of debt (who it ows the depositor). If they lend that one dollar out, they would have 0 dollars in asset and 1 dollars worth of loan asset. So at the end of the day, the bank created financial instruments, not money. If I create a toy worth 10 dollars, I didnt create 10 dollars, just a toy thats worth 10 dollars. Same as banks, they created a loan worth 10 dollar. If they actually created money, there wouldn't be bank runs. That said, the video was pretty good!

@@Threewisejavi Dont the banks in the US need to keep 10% of deposits as reserves? In any way the money comes from the fact that, if they lend another customer the remaining 90%, the balance on the first account will be 1$ but the bank will create another 90 cents on the second account. Now there are 2 accounts with 1,90$ total that can be spent by the customers. But it gets even better: If the loan of 90 cents is used to pay for something and lands in another account, the banks can take the 90 cents and use it as the basis for a 3rd loan of 81 cents. A deposit can increase the money supply by up to 10x. But since banks are only required to keep ~10% of their deposits as reserves they´ll only be able to pay 10% of their customers balance in case of a bank run.

AAAAAAAAAAAAAAAAAA

Please upload stream here later, for those who don't use twitch

I was just rewatching the Oil video when you uploaded lol, you just temporarily cured my depression

Knowing Better needs to do a video about ecosia they are a search engine that plants trees with their profits

You might be an average person, but amazing video quality.

Dude, Uncool

Who punished him severely

Wrong channel but i see you are a man of culture

The most ambitious crossover event in history....

Stop appearing everywhere

Patreon is based in the US, they don't care about the rest of the world. duh

Ko-Fi is better than Patreon anyway. Most of the creators I support use Ko-Fi rather than Patreon.

I might recommend asking Reddit's personalfinance community. It's got an amazing wiki for describing the most common next steps to make, from if you should pay the rent vs the gas to how much you should be investing in a 401k. If it's not in the wiki or you don't understand the wiki, the people there can answer just about anything else, up until the answer becomes 'hire a tax attorney'.

@@tylerpeterson4726 Awesome! Thank you for this info. I'm checking that out.

Be sure to subscribe and stick around. His content is among the best, if not the best.

Well.....if you use Google, and their products...they have been collecting and using the data they've obtained on you to help you.....track you......build a profile On you.... AND to send advertising your way. I highly recommend watching The Social Dilemma on Netflix ;) Ps-----There are alternatives to Google searches and products that don't track you.... Duckduckgo Firefox Use another email program other than Gmail, etc.....like protonmail.

@@Infoseek777 I'm shaking on a corner after watching The Social Dilemma and The Great Hack (both on Netflix). Thing is if you think about it there's not a really way out. It's either being part of it or giving up on everything to be caveman/cavewoman harvesting your own food (not even sure that's a possibility in the world we live in now).

we are all in United state man nothing can give you money if you don't work you got that

Bicton trading is all over the world now man

@Brian Thorp8 you are asleep dude

It is very profitable, I made a good profit of $23000 USD with a capital of 4,725 USD on my last trade and I have made over 750000 USD trading bitcoin

I have always have interest in Bitcoin but keep getting discouraged by my wife. I really want to invest please I need assistance, any recommendation?

They're about the same in our country (gonna guess your name isnt random gibberish and is polish) they're just scaled to value of our currency which has comparable buying power in our country as dollar has in the us. Meaning u can get same thing for 20$ as you can for 20pln (plus minus some change ofc)

I'm Chilean and truly shocked about that fees. The two biggest banks here (state-owned BancoEstado and Banco de Chile) have zero maintenance fee debit accounts with some fees from things like withdrawals (but in the order of fractions of a dollar per operation) and no requirements of having always money in the account, with the two main requisites as a) Having a national ID number and b) Being 18 years or older. There is at least one bank with a requirements for a zero maintenance fee debit account (Banco Ripley) but most people can accomplish those, and some others with some fees always under 4 USD a month (or in the credit union Coopeuch, which isn't really a fee but a participation quota); and some new neo-banks (Tenpo, Mach, Superdigital, and others) with few requirements and mostly at zero maintenance fee. And with that ongoing pandemic that was important, because the government distributed payments almost entirely electronically, so it could avoid overloading banks with people.

Don’t believe everything you hear. There are many free checking accounts. I’ve never paid a dime for any account. I’m definitely not rich.

@@blueoval250 literally me watching the video. Who pays these fees anyway? I've never had these fees, minimum monthly deposits or amounts, or any of these other fees. I've never had a student or vet account and Ive never had these fees waived. If you just shop around at more local banks rather than the big BofAs and Chases it's pretty easy to find accounts without ridiculous fees.

@@Cman5687 not to mention BOA will repose your house even if you don’t owe them money, then they’ll fight you in court and when you win they’ll refuse to pay. True story.

You've probably got a student one then, or just a damn good credit union.

Yes, at my credit union is the same. I'm not a student, but it is a university credit union.

No fees for a bank account, “checking account” in the UK. You put money in you take money out for free. The only fees banks can charge are to do with credit or withdrawing money outside the UK, though most still have a fee free limit

I have to keep 25 in my account, but yes, Great Basin FCU. Amazing company, even if I move I'll likely keep them.

Almost like credit unions are clearly better than for profit banks...

Wow! There were rumors you were in a bunker somewhere. Good to know my favorite monster/dictator/despicable person isn't hiding!!

Moon Jae In may disagree

I think you mean "All men..."

Let me say, oh mighty chairman, that I want to like your comment, but the number is too nice right now.

Slava!

There are pros and cons to everything and every place. I don’t think the ATM thing would be a deal breaker for me though. I still love America even with all its flaws.

Eduardo Gutierrez not a deal breaker, no, but poor customer service at least

That is hilarious!