Hellow guys, Welcome to my website, and you are watching Compound Interest Trap of Credit Cards and Loans | Money Instructor. and this vIdeo is uploaded by Money Instructor at 2023-10-17T14:15:28-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Compound Interest Trap of Credit Cards and Loans | Money Instructor |
| Video Uploader | Video From Money Instructor |
| Upload Date | This Video Uploaded At 17-10-2023 17:15:28 |
| Video Discription | Learn the pitfalls of compound interest and how it can silently ensnare you in a web of mounting debts if not navigated wisely. A lesson on the dark side of compound interest in financial planning. This tutorial delves into why seasoned investors herald compound interest as a key to growing wealth, illustrating how reinvested interest can lead to exponential financial growth. However, the video also warns of the pitfalls of compound interest when it comes to credit cards and loans. You'll discover how daily interest charges by credit card companies mean you're often paying interest on top of interest, turning compound interest from an ally to an adversary. The video stresses the importance of understanding terms like Annual Percentage Yield (APY) and compounding frequency, offering insights into how loans with compound interest can quickly escalate your debt. Also Watch: https://youtu.be/sbKCFBg9ubY https://youtu.be/JUzNZhhvXuE Saving Money Playlist: https://www.youtube.com/playlist?list=PL8ILVzj8ksWadcTYQSP2rI-rxQzUUQZuJ For practical tips, advice, and information on Saving Money: ➡️https://content.moneyinstructor.com/category/saving-money For teaching banking & interest lessons and lesson plans: ➡️https://www.moneyinstructor.com/banking.asp SUBSCRIBE TO OUR YOUTUBE CHANNEL: 🔔https://www.youtube.com/c/moneyinstructor?sub_confirmation=1 Visit us at MoneyInstructor.com ➡️https://www.moneyinstructor.com/ WEBSITE: https://www.moneyinstructor.com X - TWITTER: https://twitter.com/moneyinstructor FACEBOOK: https://www.facebook.com/MoneyInstructor Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life. ------------------------------------------------------------------------------ #money #banking #interest #economy #economics #personalfinance #financialliteracy #financialeducation #moneyinstructor Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing. |
| Category | Education |
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