The History of Credit - How Debt Became A Way Of Life

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[iaindennis]

It took me 20 years to work it out, but at last I am debt free and there is money in the bank - life is just less stressful and you realise that stuff does not make you happy

[jackchorn]

I've dropped out. After going through difficult time(same sob story as millions) I had enough of the stress.
I sold everything and striped it down to bare minimum. I live in a very small home that I own 200 sq ft, and do not have any more debt.
I figure that because my monthly expenses are so low that I only need to work about 10-15 hours a week.
I may not have all the bells and whistles but for me it was the right move. My stress level is way way down and my quality of life way up.
But for those of you who don't value free time I guess you could still work 60 hours a week and throw all that money in a sock.

[TheRamseyShow]

Thanks for watching! Don't forget to push that subscribe button to get the latest highlights from the show.

[Daniel_Grgic]

No debt here. I can’t believe the average person has that much debt. That’s crazy!

[dendychandra]

Maybe people say i'm old mind, but i enjoyed life without debt. I like cash payment for everything. Example, if i wanna buy a car, i better saving and hard work to earn more cash. I think it's better than i must pay the intrest. But if i really2 need money for urgent situation, i prefer sell or pawning valuables. Anyone have same mind as me? Or am i too traditional think? lol

[Chinunit]

This communication from a debt collector is an attempt to collect a debt, and any information obtained will be used for this purpose

[Bmayo]

Awesome job people at FPU!! You all have had an impact on my life since reading Financial Peace, while

[nguyenlong]

Very good and funny videos bring a great sense of entertainment!

[Smileyyy]

This is what wars are for. It's so that they can fight to see who gets the money. War is unnecessary and selfish.

[nightvidcole]

You left out the history of student loans!

[FabledNarrative]

"Would bubbles within an economy be removed if DEBT was removed?"

Food for thought. :P

[almay]

Aren't todays pay day lenders kind of similar to loan sharks?

[Bmayo]

in the 1990's. Dang, it's hard to post a comment from you cell phone without accidentally hitting "go / post". Would love for this to be 1 comment not 3:/

[nortonclemente]

Hahahahaha Credit cards is Show offs.Damn Plastics Cut those and have only one stupid plastic that it.

[lutanggirl]

If people and nations paid off their debts there would be no money in circulation.

[RusskiCommieBot]

Debt is good. If people and nations paid off their debts there would be no money in circulation. Cryptocurrency will replace the dollar at some point as it can't be borrowed into existence. The new monetary system will not allow previous generations to borrow against their children's and grandchildren's future.