Prev play stop Next mute max volume 00:00 00:00 repeat Update Required To play the media you will need to either update your browser to a recent version or update your Flash plugin. She’s 22 with a $55k Car Loan… and Blames Capitalism VIP Financial Education Kho Tổng Hợp 20,508 9 tháng trước Xem video Facebook Tweet XEM MÔ TẢ She's 22, in over $100,000 of debt (including $55,000 for her car loan), doesn't know or care what the interest rate means, and blames capitalism for her moronic choices... In today's video, Matthew Pillmore, president of VIP Financial Education, reacts to some shocking auto loan stories. From the woman who blames the system for her stupid choices, to the a 30% APR on an AUTO LOAN, to the guy who finally discovered it's not cool to spend a lot of money just to look cool...we dig into some of the wildest debt stories we've found on Tik Tok. These are real people going through real issues. What is the best course of action for each scenario? Matthew details his perspective on each one. Can these folks get out of their massive credit card debt? Timestamps: 0:00 - 55k Car Loan is Society's Fault 4:13 - 30% Interest Rate on Her Car Loan 8:42 - Bought Dream Car & REGRETS IT Videos to watch after this one: How To Budget Your Money Like A Millionaire! ► https://www.youtube.com/watch?v=cjaq4gzD2K4 HELOCS Can Make You Rich! (Why I Love Home Equity Lines of Credit) ► https://www.youtube.com/watch?v=NxKzaLEQCpQ How To Get Unstuck Financially & Live A More Abundant Life ► https://www.youtube.com/watch?v=wTqQJLkjqfA&list=PLN2grBK2mxu5sqVh4AUTX6bmTjJJCTrHf&pp=gAQB Get one-on-one coaching with Matthew Pillmore: ► http://www.FreeCoachingCalendar.com Get your FREE Cash Flow Cruncher budgeting spreadsheet here: ► http://www.cashflowcruncher.com It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel! Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you! ► http://www.investmentanalysisworksheet.com Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/vipfinancialed Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds. Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe!! Make sure to check out our social channels for more insight and industry news! 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