True, but I only use the 0% for a year or year and a half and if the couch is not higher than others I'm looking at, not a bad deal.

@@deb9806 Congrats, you're overpaying by 10-15% vs. using cash. Furniture stores do not loan money for free. They inflate the prices for their cost of money. If you remember this one phrase, it will serve you well throughout your life in business, job, relationships, politics, etc. "There is NO SUCH THING as a free lunch."

@@deb98060% financing just means the interest rate was added at sticker.

@@deb9806 Most people don’t pay it off in time.

I used to have a United card. That video convinced me to never go back. I never paid a dime in interest and that card probably cost me hundreds if not thousands of dollars in the 2 years that I had it.

So, the 4,000$ worth of appliances I paid, for when I bought my brand new manufactured home last year, that clearly stated "0% INTEREST if paid in full before × date" is fake? If so, I got a good lawyer that can sue for breach of contract. I wonder if my furniture store that stated the same exact thing is fraudulent as well. If so, thanks for lmk because ima be RICH

@@PhuckKZfaq-dw7suI think you didn’t comprehend the statement… your example of appliances at $4k is inflated price that already has the would’ve been interest on it. In reality it’s more like $3k worth of appliances and and 8% interest for 3 years or so… but if pay that off early you can save on interest. Paying off a $4k loan with priced in 0% interest. Has zero savings cause you bought the interest to begin with unlike $3k worth of appliances at 8%

@gabrielgonzalez6456 "in reality" EVERYTHING is inflated. Cars, houses, groceries, etc etc. In reality, if the price for an item is × & "goes down" next year, there is something called inventory & new products. If I was to pay off the remainder on my house and save × $ from interest, "I still bought the interest" on the house that would of been 1××,××× dollars AFTER the interest? I think people live in delusion because EVERYTHING "is inflated". No matter what it is.

@@PhuckKZfaq-dw7su yes. Your $3700 appliance price is shifted to $4000 with 0% financing to make you feel like you are getting a better deal.

@Gruuvin1 IDK why ya'll think your out smarting me by saying stuff like this 🤣 EVERYTHING WE buy IS inflated. Make sure you get everything you own for FREE because it's "inflated" 😭. Even if you "pay cash" as Ramsey preaches your still buying inflated items 🤷. Must of gotten the attention from the 55+ crowd here. Grandpa still says "you can still buy a good running truck for 500$!" ☠️

I'm glad there are the few that know this, adopt this, & apply this with much success. Everything I bought for my 1st brand new mobile home was financed at 0%. Best buy & conns. I've paid them both off WELL before the terms ended. Actually saved ~1,000$ on interest alone. Also, my AMEX blue card has made me ~400$ this year alone! Plus a very low DTI & good credit. Once things go down I'm FINANCING that older porsche 911 😊

I did the same thing to quickly pay off credit card debt years back. The problem is that most won't stop using them and they end up in more debt than they were before. If disciplined, it is a great way to quickly get rid of the pain, but the bank is counting on folks using that card again. And then the payments are distributed across the debt proportionately so the 0% debt is paid down while the new purchases rack up tons of interest in the background. Promo rate cards are a bigger scam than the standard ones if we don't know how they work.

@@phillipchristensen3202 it’s not really a scam, you just have to educate yourself and know yourself. I had 0% for furniture for 18 months and paid it off earlier after shopping and knowing I couldn’t get the item cheaper. I have taken out loans on cars for a low interest because my credit rating is great and paid it off earlier and it was my choice not to pay a car in cash. That isn’t always horrible but you need to know what you can afford and what you can pay off. I pay off my cards every time I buy some thing and I get hundreds of free points, there is no one that’s going to tell me that that’s a bad thing when I’m not paying anything to the credit card yearlyor fees I understand that people have addictions, but I doubt Dave would want liquor stores closed because of alcoholics or gambling closed because some people can’t stop at a lottery ticket or fast food places closed because some people are dying from eating junk every single day . We have choices and we need to educate ourselves on what we can do to help if we have a problem. I don’t demonize something because of how someone else handles it.

He explains it better when people call and say that if they pay off the house they lose the interest deduction. What he meant to say is that if you pay $9,000 of interest, it saves you from paying $3,000 in taxes. But you still paid an extra $6,000. In this example is not quite a quarter for a dollar, that typically is the case when he talks about houses. He says that paying $10,000 in interest saves you from paying $2,500 in taxes. Basically, you pay a dollar, so you don’t pay a quarter. It only makes sense if you REALLY don’t want to give 💰to the government 😂😂

@@masoquistaeo thanks makes sense. I thought he misspoke.

"might".... And if it doesn't?

If it doesn't they'll sell it​@@sidwhiting665

You made $50 million and have time screw around making comments on Dave's YT channel? Proof, or it never happened.

@@sidwhiting665 I have plenty of time to do this.

@@sidwhiting665 I have plenty of time to do this. The majority of my income is passive, giving a lot of time to do whatever I want. You can have people run your investment properties for you. This is common practice among property investors, especially those who own multiple properties. These property management companies handle a wide range of responsibilities, including tenant screening, rent collection, maintenance and repairs, and even legal compliance. They handle all of this for me, giving me time to do whatever I want. It's interesting that you think I cant watch KZfaq and make comments because I make this money. Anything else?

​@@sidwhiting665 I have plenty of time to do this. The majority of my income is passive, giving a lot of time to do whatever I want. You can have people run your investment properties for you. This is common practice among property investors, especially those who own multiple properties. These property management companies handle a wide range of responsibilities, including tenant screening, rent collection, maintenance and repairs, and even legal compliance. They handle all of this for me, giving me time to do whatever I want. It's interesting that you think I cant watch KZfaq and make comments because I make this money. Anything else?

​@@sidwhiting665do you think people just have no free time or don't take a break from work?

Second point of sub-par quality… it’s more like overpaying for a zero percent financing. The interest is built into the price. Farming equipment is actually a lot cheaper when paid in cash. All you the other fall when the equipment is actually 20-25% cheaper once you pay cash