Skip to playerSkip to main content
GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

🌍 Covering the latest from the U.S. economy, stock market updates, and financial trends that matter for everyday people worldwide. Perfect for anyone looking to build wealth, understand money, and make smarter financial decisions.

πŸ’° Topics we cover:
β€’ Personal finance & budgeting
β€’ Stock market & investing
β€’ Real estate & housing market
β€’ Credit cards & saving tips
β€’ Money mindset & wealth building

πŸ‘‰ Subscribe for more daily finance videos and updates.

#finance, #money, #investing, #personalfinance, #economy, #wealth, #budgeting, #financialfreedom, #stockmarket, #moneytips, #dailymotionfinance, #stocks, #etf, #retirement, #financialplanning, #wealthbuilding, #passiveincome, #investingtips, #marketnews, #trading, #realestate, #housingmarket, #propertyinvestment, #mortgage, #homeownership, #creditcards, #loans, #debtfree, #banking, #interestrates, #inflation, #recession, #usdollar, #globaleconomy, #usnews, #crypto, #fintech, #digitalbanking, #bitcoin, #blockchain

Category

πŸ—ž
News
Transcript
00:00I took the loan out to fund my emergency fund.
00:03Where is this emergency fund today?
00:05I saw about $1,000 in savings, which, by the way, dropped from $2,500.
00:09I spent some of it.
00:11On what emergency?
00:12Learning how to do hair extensions.
00:15That's an emergency?
00:17I wouldn't say it's an emergency.
00:18What do you think an emergency fund is for?
00:20I took the money out of the emergency fund to buy a class for extensions.
00:23The interest rate on this is 28.64%.
00:26Yes.
00:29Okay, so originally it wasn't for the emergency fund.
00:31I just thought that that would be a good idea.
00:33What, 28.64%?
00:35Just to have an emergency fund going.
00:37Oh, it is great.
00:38I didn't like that.
00:38At 20, at 30%?
00:41Yeah, that's not great.
00:42But I didn't want to not have an emergency fund.
00:46I didn't want you to not have an emergency fund either.
00:48But this is debt that you are owing and you are losing more money on it than it's sitting in there.
00:54In this case, you would literally be losing money on a monthly basis in order to pay this off.
00:59That's not an emergency fund.
01:00It's just an IOU at a loss.
Be the first to comment
Add your comment

Recommended