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Breaking Down the Myth Behind Credit: How Gamification Is Keeping You Poor | Patreon Exclusive

🕑 Added 2021-12-16 22:29:13 +0000 UTC

Comments

GolfMind

This is interesting, I’ve been working on my credit which I understand but, never thought about net worth until recently about 1-2 yrs ago. But if you don’t hang around the right people and listen to the right people it’s easy to out the goal of net worth to the side. NET WORTH. NET WORTH. Appreciate the information as always

SaniBravo

Only leverage credit for investments that provide a quick roi

Jeff

I’m just wondering what’s Anton’s actual stance on credit. I get that the whole system of credit is based on gamification, which I already knew, but I’m wondering what he’s using credit for, if, at all.

Ingrid Tater

This video is eye opening. Thanks Anton🙏🏾🙏🏾🙏🏾

Dante Gober

The goal should be becoming the secured party, not the debtor because you never own anything as a debtor.

Shelly Ro (Beautiful Disaster)

This was a great video... Thanks Anton!🔥🔥🔥

Cancey Dejean

🔥🔥🔥

audrey truesdale

I can chime in a Personal Guarantee means if for any reason the business fails you are personally responsible to repay the debt where a No PG- Means if the business was to flop or go out of business then the debts fall solely on the business

Jaime Robledo

On your next conversation is it possible to talk about how to get business credit and the difference is between personal guarantee and no personal guarantee

Muttaqi Ismail

I recently paid off my school loan (almost $10K) and am now 100% debt free. However, I'm still living in rentals and was thinking about getting a mortgage. But after watching this video, it might be wiser to work on increasing my net worth instead of going back into debt again. Honestly, not really sure what to do.

Jules Marshall

I really like the outlook on credit, credit scores and the way this plays on our psychology to make us more inclined to think large amounts of borrowing is a net positive for your financial health.

michael carter

These people have never had a look at banks annual reports and there balance sheets

Shacorey Ransom

100%understand you can you please give more on this

Level Up

5 yr mortgages rock

Cassaberry

🔥🔥🔥🔥🔥

Victor Williams Jr

40 or 50 year mortgage? Sheesh. I can’t even imagine that.

Kavon Jones

There’s no capital gains tax on owner occupied properties up to 250k single and 500k married (profited funds). They may even have raised those limits. But I won’t allow that to distract from an otherwise flawless message. I believe someday we may see 40 and 50 year mortgages as common place so banks can make even more off interest and for homes to have “affordable” monthly payments. Another issue is that people don’t even stay in their homes long enough to pay off their homes. Even after 30 years and retirement age they are still in the rat race because of bad decisions.