You are WRONG About Credit Cards, Debt & True Financial Freedom

Uh, just posted two reels on Instagram. If you don't follow me on Instagram, I highly recommend it. It'll give you an example of a life well-lived. And one of those videos was talking about not using credit cards. And then there were a number of folks who attempted to contradict me, and I think that's fine. And in fact, if they would like to come on screen, I will grant them that. All you have to do is send in your baller alert, 50 bucks or more, and I'll let you come on screen and explain to me why I'm wrong and you're right. I'd love to hear it, really. And, um, I'm all ears because it's an argument that is not sensible. And no one who has significant knowledge and or wealth would make this argument. Only a person who is in poverty would make the argument that credit cards are a good thing. After all, what is a credit card? It is a loan to you. Why do people want good credit? So that they can get more loans. Why do people need loans? Because they don't have money and they don't have the ability to put together deals and to get financing. So they rely on this bad option which involves high interest rates, which involves debt, which involves long-term debt.

So, I want to break that down, as well as a number of other concepts in financial literacy so that you guys can actually be successful and stop getting information from crackpots. And not only is it the imbecile on the internet who's living in poverty trying to tell you right from wrong, uh, from a financial perspective, it's also people who have formal titles and certifications. They might call themselves financial planners. They might call themselves, um, financial advisers. They might call themselves real estate brokers, real estate agents. A lot of these persons are, uh, in poverty and or in over their head in debt. Uh, they don't understand the monetary system. They don't understand the political system. And you have to really understand both at a high level to be effective. So, we're going to talk about all of that.

Folks, if you'd like to support this critical information, you can do so using the link below. You can cut out the Google Corporation by using PayPal or Cash App. Shout out to Showtime, right? Showing love for the big homie and all the saints. I appreciate that. And for those of you who will be coming on this men's trip 2024, I look forward to welcoming you. Even today, I'm still carrying on finalizing, uh, the last of the details. It's been a tremendous amount of work. I may never do something like this again. So, let us enjoy.

Uh, now, uh, first, let's just go ahead and take a look at the post and some of the comments, but also the nature of the persons making the comments. You often hear individuals who are, uh, brainless but think that they're educated. You see, you can be stupid and educated at the same time. You can also be stupid and uneducated. Confuse, um, diligence with intelligence. Diligence and intelligence are different. That's why you find a lot of women have degrees. They're diligent and they're competent. That doesn't necessarily mean that they're intelligent or they understand the world around them. Often they don't.

Now let's, uh, go ahead and take a look. Do confirm when you see this screen popped up and make sure that it is, uh, nice and clear. I'm going to go ahead and actually enlarge that such that we can see everything. And then we are going to make a study. As I was saying, you have those persons who, uh, think that they're intelligent though they might be educated or maybe they just learned something on, you know, a meme or they learn something watching a TikTok video. They often use terms like ad hominem, thinking that they sound intelligent when really they don't. For example, I remind you guys that it's important to consider the source of the information. Would I take advice on how to become wealthy from a homeless man? No. That wouldn't be intelligent. Is that an ad hominem attack? No. That's analyzing the speaker, analyzing the source, such that you might understand their credentials, their worthiness of giving advice, if the advice has profited them, you know, or if they're biased. That's important.

Okay, we're going to get into it. Shout out to Mr. Senpai, right? Pieces of Saints. I just started a clips channel. Would I be able to use your content? Absolutely. If it's public content, I highly recommend that you do use it. It's great, great content. Uh, and thank you, and I'm wishing you much success, really and truly. Now, may I acknowledge via PayPal? Shout to EJ supporting the work. Writes, "Peace to the saints." Carrying on.

So here we go. Let's take a look here. I'm going to play the clip first so that you guys can hear it, and then we'll make an analysis of the argument therein and also the imbeciles who are attempting to debunk something while not having any shred of financial success or knowledge. It is truly comedy. It truly, truly is.

"Don't use credit cards at all. Don't use personal credit cards at all." Which is correct. I did say that and I mean it. Every word of it. Uh, yeah. Every word of it. He said, "I've been using personal credit cards and my credit score is really, really high now." Oh. Oh, great. Are you rich now? ARE YOU RICH NOW? In this sick society, the most virtuous are those who have the highest credit scores, which means they're better at being in debt compared to the average person. Yes, the credit card company HAS SAID, "YOU'RE GOOD AT being in debt. We're willing to give you debt." Debt is not what YOU WANT, FOOL. YOU DON'T WANT DEBT. YOU WANT ASSETS and liquid cash. So don't you get on here and tell me how the CREDIT SYSTEM HAS AWARDED YOU WITH THE OPPORTUNITY TO GET IN DEBT.

>> Said don't.

>> There's a tremendous amount of very good information in that short clip. Number one, what is the clip about? The clip in essence is about not using credit cards, specifically credit cards. It was a response to a young man who was basically bragging about using credit cards and thereby having a higher credit score. And I was explaining to him quite vehemently that your goal in life is not to have a high credit score, fool. Your goal in life is to have cash liquidity, which is to say money to spend, and to have assets, which is to say you have things that you can turn into value or to turn into money. They are stores of value that will generally appreciate. That is your goal. Now, why do we get obsessed with this idea of credit? Well, that's because you've been tricked by capitalists. And I am also a capitalist. I just happen to be here on a Robin Hood mission trying to save some of you from your own stupidity and weakness or the stupidity and weakness of others who would try to get in the position of a teacher. That's one of the great things in the good book. I believe it's the book of James. It states, "Let not many of you be teachers, for teachers are held to a higher standard." And they are, and they should be. Sometimes they're not. That's why you have so many fools, weak males, speaking up on things they know nothing of. It's really a pity. And truth be told, they should be caught and beaten down in the streets. You dig? Uh, I need to hashtag standup comedy and satire so we know this is all a joke.

Now, uh, let's go ahead and get after it. And by the way, do support the work because I am here on, you know, very limited time. So, here we go. Number one, let's enlarge this. So, first it reads, "Never use credit cards. It's a trick," which it is. Do you are you foolish enough to think that the credit card company is going to give you frequent flyer miles, cash back, and all of these things if they're not going to take more money from you than they're going to give you in value? You think they're going to give you more frequent flyer miles and more cash back than they made them in profit? No, of course not. It is the same concept of having an employee that sells Big Mac sandwiches. If the employee sells a hundred Big Mac sandwiches at a cost of $2, the employee has brought in $200 topline. Would the employer pay them more than $200 per day? Of course not. You have to pay them less value than they're giving you, or else you'd go out of business. Same thing is true for a credit card company. So, they will never return to you more value than you've put in. So, you're not beating them. You're not beating the system. You're beating yourself. You're fooling yourself. Only weak, impoverished men think this way. You're taking a what appears to be a handout, but it's not even a handout. It's a trick, dummy. And these kinds of incentives and these kinds of schemes we create all the time. We create incentives. When I say we, I'm talking about business owners, businessmen, capitalists. Oh, here's a two for one deal. Is it really two for one? Here's 30% off. Buy now. These are going fast. You know, all of these are marketing slogans, most of which are not true. Get them now before they're gone. Well, you buy them and then what do you do? You look up three months later, they're selling the same product again. These are all lies, essentially. The worst thing is when you adopt the lie and start to believe in it, it will be to your peril.

So, credit cards, what is the goal of the credit card company? It is to get you in debt to where you're paying the credit card, but you're not paying enough that you can close out the debt. The goal of the credit card company is to extend the length of time that you're going to be paying them as long as possible and to have you paying the minimum. You might think, "Oh, I got over on them. I'm paying the minimum." No, they're getting over on you because when you're paying the minimum, you're covering the interest. The principal maintains. So the overall debt grows significantly over time. They're winning. The longer it takes you to pay it off, they're going to bag more money. At the end of the day, you're going to spend more money. When you brag about creditworthiness or a high credit score, this is something that lets me know instantly you don't have any money. No. It lets me know instantly because I tell you what, would I rather a a 700, 850 credit score, a high credit score, or to have a million bucks, 2 million bucks, 3 million bucks, or a bunch of assets, bunch of cash liquidity? Give me the assets every time. It's only people who actually don't have money that are hyped up on their credit score. People who have money don't even need a credit score. Why? You want a Rolls-Royce? If that's what you really want, buy it cash. Huh? You want a Rolls-Royce? You got a bunch of cash. Even if you don't have credit, soon as you show up with a lot of cash money, all of a sudden people willing to make some deals with you. You know, you show up with a lot of cash, money talks. So, it's the people who are broke that brag about credit. They're broke and responsible. You're a good boy, which means that the bank and the credit card company get you into debt and they can rely on you to be the dummy that's going to pay them back when there's no real consequences in many cases to not pay them back. The only consequence is you can't get access to more debt, which probably would benefit you to cut you off from debt. But you want to weigh, you want to have debt, that debt opportunity in your back pocket. Why? Because the overall culture political system has broken down your families because you're a westerner. In the modern western world, your family is so broken down that when you need an extra buck, you can't ask grandma. You can't ask your parents. You can't ask your brother. You can't ask your spouse. You got to ask a stranger. And a stranger charges you interest, whereas your cousin, your aunt, your mom, your aunt, your grandma, they would have given you the money with no interest. And that's why breaking down families is a critical part of the modern society which is sick. And these capitalists benefit from you having broken families and weak relationships. Yeah. When you show up to someone's city, you fly in, and you want to leave the airport and go to wherever you need to go, you're going to call an Uber instead of calling a friend. It allows these businesses to continue making money because you have a broken family and broken relationship.

Shout out to Ill Rud. He writes, "Peace to the saints. I recently was asked by a female to send her Bitcoin through her Cash App as a birthday gift to get her lingerie. Have you encountered this before?" Hell no. They don't ask me for a damn thing. You heard me? Yeah. They don't ask me for anything. And I think nine out of nine is because they're just happy that I'm associating with them. You see, you know you're in the right position. And a woman respects you appropriately when she's happy to have your time. She's honored to be in your presence. You don't have to pay to play. They might pay to play with you. You dig? Uh, so no, I've not encountered that. Not from a chick I was dealing with. Hell no. My thoughts? It's all bad. She's a nut. She's a liar and a loser. And does a real man need, uh, lingerie? You heard me? Yeah. If you're an attractive female, hey, hey, take them clothes off. Woo. I'm impressed. We don't need any of the nonsense. You dig? We gonna keep it simple. Shout out to DJ Berserk supporting the work. I appreciate it. Yes, indeed. I appreciate you. Shout out to the real ones standing up.

Now, let, let's further dive in. Let's look at the kind of imbecile who are trying to teach you about financial literacy. Let's see how they're really living. Now, mind you, I only show you about [ __ ] probably about 15% of what I really do. I just so y'all could hate on the 15%. Imagine if I showed you what I really do out here. It's crazy. Shout out to DJ Berserk. He writes, "Pieces of sense. Had to check that bozo on your page. I'm tired of these haters. Blessings, big homie." You know, we really need to take a sword to them in real life. You dig? Anyways, here we go. So, shout out to DJ Berserk. We see him right there supporting the work. Um, shout out to the real ones who can see, uh, good information.

So, this person writes, "Personal credit card debt is a no no." I agree. Factual. The very worst interest rate you're going to get on any loan is a credit card. It has the very worst interest rate. Credit cards, personal loans. Terrible idea. Not smart in the least bit. Shout out to Nate Lou who just became a member at patreon.com/thesaint the center. We also just put up an exclusive, um, video for all of the members.

Now, carrying on, then we got, uh, someone writes, "Why are you yelling though?" I'm not even going to hate this because it helps the algorithm. People making thoughtless comments is actually quite helpful. Um, this person writes, "Wouldn't you agree?" So this is the mark of someone who is, uh, biased and is not really using the English language very well. So this, you'll often hear this kind of phraseology come from liberals or come from women. Wouldn't you agree? No, just ask your question. Just ask your question. Don't say wouldn't you agree, just ask your question. There's no need to lead in. Anyways, uh, the gentleman writes, "Wouldn't you agree that there is a such thing as good debt and bad debt?" Well, this video is about personal credit cards, which is bad debt. So that's the topic of the video. If you have other questions, you can send it in in a super chat or you can book a consultation at marquetism.com and we can talk about specifics that benefit you, not hypotheticals.

Gentleman writes, "And credit leverage correctly can get you more cash and more liquidity." Now, this is the thinking of someone who's never done anything in life, and he's probably a young man, so there's no hate. No hate, but I don't believe he's done anything in life. Let's take a look. Okay. So, okay, he has one post. He's a young man. So, what are the chances that this young man has done anything significant? They're extremely low just due to age. Seems like he's probably a nice young man, neat kid, but due to age, is there a likelihood that he should be speaking to me about financial literacy, trying to correct things that I know experience? Well, no. It's not very reasonable of an idea. It's hubris, and young people, they have hubris, especially young men. I, I know this. I remember this when I was 16. I grew out of it by the time I was 18. Looks like he might be a little, little bit late in that.

He writes, "In credit leverage correctly can get you more cash and more liquidity." How? How? Tell me how. You tell me how. I want to know how. You see, that's the part they can never finish. You know, they have theories and they have ideas, but there's no practicality. They've never done it. If he'd done it, you'd be able to see on his Instagram. There's no way in hell you're a young man with a whole bunch of money, but you don't want to show anything that you've used to acquire that you've acquired with your money. It, there's no money there. It's just ideas and theory. That's the problem. You have a bunch of theorists speaking. No, that doesn't work. How? Furthermore, understand this. When you're running a business, a business, say you take, you, you take a credit card loan, right? Uh, you take a cash advance on a credit card or you just use a credit card for business expenses. Then you want to use that money to invest in a business. Well, most businesses fail, so you're going to lose your money. Boom. You take that credit card money and you use it on Bitcoin. Well, Bitcoin and cryptocurrency highly volatile. Most of the people are losing. Boom. You're, you're out of your money again. Oh, and in both cases, then you still have to pay back the credit card debt. Or you, on the off chance, which is highly unlikely, you take your credit card money, you invest in a business, and the business is surviving. So now you have a business that's giving you some income, but the credit card is giving you 23% interest rate, 18% interest rate, that's high interest. Hell, even if they give you 15% interest rate, whatever business you're in, by the time you paid taxes and paid all these things, your profitability might not even exceed the interest rate of the credit card. You might even be running a, a business that's only making 9% on profit. You know what I'm saying? So, you're going to lose either way. Whether you invested your money in a business that failed, and most do, or you invested your money in a business that succeeded, if your, your profitability is not higher than the credit card interest rate, and in all likelihood, it's not going to exceed 23%. And if you're a young man like the guy who was talking, you're going to get a bad interest rate on that credit card. You're going to lose. So, this just doesn't make any sense. There's no practicality to this. There's no one who's been successful in business that says finance a business on credit cards. It's just completely, uh, uh, inane idea.

Then you have persons who click the like button. You have six persons who are like, "I don't know any more than you do. I'm signing up to it." And that's the problem. You can't have fools leading fools. It's so easy on the internet. You're not, I'm not about to click on anyone's profile who's disagreed with me and be like, "Damn, Brody really got it." Like, I could tell he's winning out here. That's not about to happen. I already know. I've not previewed this. I'm going through this right now with you.

So, this person writes, "And cash following assets. Stop it." Anthony Invest. Okay, so his name is Anthony Invest. He must be an investor. He must have some money. Let's see. He writes, "Yeah." So, already red flag. You need to write in proper English when you're writing. Uh, proper English lets us know you're a business person, a serious man who has reasonable education. Yeah, but this is obviously marketing meant to incite people emotionally. I presume he's talking about what I'm saying. I don't know what I'm marketing. I don't sell any anti-credit products. I sell some, uh, a course that teaches you how to build a financial base and much else, but I don't sell anything. So, I don't know what I would be marketing. And yes, emotions are actually critical. But let's see. Anthony Invest. He's a young man again. So you have a lot of young men. Okay, he's a young man just living a very simple life. There's nothing wrong with that. You know, that's how you start. And then he writes, "I buy houses." Well, a lot of people write a lot of things in their bios, don't they? But we don't really see the the outcome from that as not looking like it's, it's been beneficial. And he's a young man. There's, there's nothing wrong with that. But I just want you guys all to know when you hear people trying to contradict my advice, it's never the person that is qualified to do so. It's a lot of sophistry, a lot of people giving opinions, and generally these opinions are not good. They're actually dangerous. The reason I'm talking about this because these are dangerous opinions. These will hurt you, these foolish opinions.

Shout out to Mr. Fi, comes in by PayPal. He writes, "Thank you for once again teaching, Mr. Burton. I just moved to the US from France and I've been shocked by the credit culture here." Yes, it's really sick and sad. People want to appear to have, uh, appear to be what they are not. He writes, "I had to postpone a car rental because they didn't accept my debit cards." Right. Exactly. And the reason they don't want to accept your debit cards, let me let you guys in on another secret from the sick financial system that you are losing in and don't even understand the system. Why don't they want to accept your, your debit card? Well, maybe it has something to do with the fact that generally speaking, Americans don't have very much in savings. So, if you were to, you know, like damage their property, they'd much rather be able to pursue the credit card company because then they have a greater likelihood of being able to recover some funds. Whereas, if they had dinged your bank account, it's going to be overdrawn and the the charge is going to be rejected. So, they much rather your credit card. Huh? Yes. Because Americans are broke and these companies know it. Why are Americans broke? Because of the culture that they're in. Sometimes macroeconomic forces, but mostly just the instinct to try to appear to be things that you're not or to waste your money on foolish things like video games, coffee, alcohol, and the list goes on indefinitely. There you go.

And here we go. We got another genius here. "Credit is important. People are just uneducated as to leveraging it." Okay, it's, I'll send in 50 bucks since you understand the financial system. Send in 50 bucks and I will let you come on and I will let you teach. I will not insult you. I will let you explain everything and I'll ask you just a couple simple questions. But I want you guys all to know this. No one who has all the supreme financial knowledge, they don't have enough money to send in 50 bucks and come on screen. And one thing you should all know is if you have ever run a business, if you come on stream with an influencer, you know there's real persons watching. This is about a $10,000 value. If you come on my stream, you're getting about $10,000 worth of marketing dollar. Yes. $10,000 worth of marketing dollar. Absolutely. Easily. Easily you are. And if you are a financial guru, as you all would position yourselves to be, if you come on and you say something intelligent, I'm sure everyone's going to go want to go and follow you. I invite you all to come on. I really would be excited to hear any one of you explain what you're talking about.

Anyways, uh, gentleman writes, "Personal credit card debt is a no no." I agree. That's a fact. He writes, "Get the boss course and start bossing up." He ain't never lie. Boss University. It's one of the best investments you guys could ever make. Help you understand yourself and then you'll be able to understand the world out there. So, we already like dispelled this this bit of nonsense right here. And we see these are all young men.

Darius writes, "That issue is another scam of the system." This is completely correct. And I use the term scam. It sounds a bit colloquial, but it is in fact a scam. The credit system is a trick. I mean, just think about it. If you go and borrow $1,000, you still have to pay the $1,000, which means that at some point in your life, you will have $1,000. So, what you're really doing is it's not about borrowing money. It's not about the money. It's about the time. The reason you fools use credit cards is because you don't have patience or the ability to create deals and or you have weak relationships. That's why I always tell you all to focus in the areas of health, wealth, and relationships. Health, wealth, and relationships. Those are your areas of focus. You see, if you had good relationships, you could scrape together the money you need from your network. Huh? Familial family business network. You could get the money together. If you were wise, you would not need to borrow a thousand dollars because it's not about the money. It's about the time. Why do you say it's not about the money, Marquette? The reason I say it's not about the money is because if you borrow $1,000, which is what taking out a thou using $1,000 on a credit card is, you're borrowing, you're going to have to pay it back. So that means you theoretically have the money or you're going to have the money at some point. The reason you use the credit card is because you want it now. If you were patient, you'd say, "Okay, um, I want $1,000 to buy, fill in the blank, now, an iPhone." Well, I don't have $1,000. The new iPhone is out. And you're going to look in the mirror like a real man and say, "I cannot afford it. It's out of my budget, but I will save money, and when I can afford it, then I will buy it comfortably." So, here's the difference between a dummy who takes out uses a credit card to buy an iPhone. So, you pay for a $1,000 iPhone. Then, by the time you're done paying it off, you spent $1,800. Then someone who says, "You know what? I'm not going to get it the day it drops. I'm going wait a couple months, save up my money." You bought $1,000 iPhones and it, it only cost you $1,000. You saved $800 bucks compared to the imbecile who is impatient. Huh? Come on now. We gonna get it. We are going to get it. Hold on one second.

Now, whatever happened to that person who says, uh, that they need to know how to, you need to know how to leverage credit? Why didn't they send in their super chat to come, come on screen? Where are all these wealthy people who can tell you how to earn money? Where are they? Now, I really want to know. I do because it's not right to give people financial advice when you just don't know. You're misguiding people. It's dangerous. Sit down and shut up.

Shout out to Richard. He writes, "Saint, if you pay the balance in full, you will pay zero interest." That's correct. "Can't credit help you obtain assets like real estate?" Brody, listen to me. For example, I'm working on real estate deals around the world. I am not a citizen of South Africa. I have no credit in South Africa as a result. When I go to South Africa, I can pay all the money and get the house in cash. I could do that or I could get a loan. In South Africa, they call it a bond for some reason. They call it a bond. They don't call it a mortgage. It's give you a bond. And so, if I want a loan, a mortgage in South Africa, I have to put up a certain amount of cash. They'll take a look at my income, you know, my earnings from various, you know, sources of passive income, direct earnings from working a job, things like that. And then they'll give me a loan, not based on credit, based on demonstrated income over time, based on bank balance, and based on the amount of cash I can show up with. So, first trick you've already fallen for, saying, if you pay the balance in full, then you pay zero interest. Well, if you got the full goddamn amount of money, why are you using a credit card? Use patience. Don't use a credit card. Use patience. And remember this. Do I make a penny telling you not to use a credit card? Use your brain here. Do I make a penny telling you not to use a credit card? No. I'm a man who has experience and I've seen the earth spin enough times to know that how this scam works. I'm telling you to help you. So, you'd be wise maybe not to argue with me and wonder why is this man trying to help me out?

Marquet has a good credit score and Marquet has money. Marquet has a good score. Credit score and money. Yeah. Yeah. I got this. I got this. We call these bands. Got a ton of these all over the world. Yeah. Got safes in various countries. Green cash money. Various colors. Uh, I don't need credit, but I also do have credit. I still don't use it. My credit's better than all of yours. Everyone watching, my credit's better than yours, and I still don't use it. It's just not necessary. Huh? Because I don't want to pay $1,800 for something that is $1,000. There's some instances in which I would use credit, but if I use credit, it's for me to have certain types of leverage. You guys are mostly not on that level. You're young men or your people establishing a financial base. I'm giving you the best answer. It makes me no money to tell you not to use a credit card. I'm here to help you, dummy. I'm not calling you a dummy. I'm just, you know, people who are there entrenched in their foolish beliefs.

He writes, "Can't credit help you obtain assets like real estate?" I just explained to you, you don't need credit to get real estate. Furthermore, real estate, unlike say a car, a car is a liability. Real estate is an asset. There's an underlying asset which means a bank is more willing to take a risk and give you a mortgage to get a house because if they take the house back for you from you, generally the house is going to have more value than when you bought it, generally. Uh, the bank is not so overleveraged to give you a house. So people are talking about, oh, I need credit to get a house. Nah, you, you can pretty much get a house. There's a lot of programs to get a house easy. The only difference is the interest rate on the mortgage. That's the only difference. If you're wise and you're following my advice over time, you're going to be earning better. You're going to get yourself to a stronger position. You'll be able to pay off the mortgage cash. Interest rate won't matter. Or you'll be able to refinance and get a better interest rate as you mature and stabilize. Thank you for that question.

Shout out to Edmond. Writes, "Peace of saints." Okay, I think I read that one for you. Fantastic. Now, really, everyone who, all these geniuses, where are they now? This happens every single time. You have people who have so much to say, but as soon as you say, "Okay, here's the floor. Come explain your genius financial ideas that have not benefited you at all because you're still in poverty."

Anyways, let's go through this real quick. Uh, this person writes, "Message lost due to antics. He doing too much and trying too hard." This person has bad English. So, this is a dumb black right here. There's many dumb blacks. The worst thing about being dumb is people don't know that they're dumb. That's a condition of being low IQ. You don't know that you're low IQ. And we have an infinite number of haters who follow me, um, just to hate. It's kind of weird, actually. Do, do any of us look at this guy and think he's doing well financially? Hell no. We could tell that Brody is suffering. It's very clear. It's clear as day.

>> Said, "Don't use."

>> And this is the era we're in with just massive levels of jealousy and mental illness. It's a shame one has to deal with so much jealousy.

Gentleman writes, "It's a scam, but credit can be used to create assets if you do it correctly." Again, wrong. Wrong. The mind that needs a credit card is not the same mind that knows how to create assets. Wrong. He writes, "He's right. If your mindset is always using a credit card, you'll never get yourself out of a hole." That's a fact. Don't dig a hole deep enough that you can't get out of. Correct. And the funny thing is people have too much faith in themselves. You have a lot of people who have never been high performers, yet they think they're going to outperform what has been typical for humankind with regards to credit cards. Human beings typically get into credit card debt. So, you got average people overestimating themselves, thinking that they're better than the average person when really they're not. They think, "Oh, I'm going to pay my payments on on time in full every time." Okay? And then one unexpected thing happens. You get into a car accident. You have a medical bill. Now, you're coming up short that month. And now all of a sudden, you're like, "Oh, well, I'll just pay the minimum on the credit card." Well, now next month, the minimum is a lot higher than it was the previous month, and it's compounding against you. Come on now. Like, don't overestimate yourselves. That's the worst thing you can do. I always tell folks in business, do not overestimate success.

Gentleman writes, "Say what you want, but with an 800 credit score, I don't need to be rich." Wow. Wow. This is n-word hard R thinking. Hard R. Yeah, this is hard R thinking. And I'll tell you why. Because the hard R is the one who is lazy. They don't want to do the hard work. They're the one who is dishonest and deceitful, lying to themself. They're going to eventually lie to others, but lying to themselves first. "I don't need to be rich. I got good credit." What are you dumb? If I was a bank, I would much rather you have good credit than a good bank balance. Why? I can benefit minimally from you having $2 million in the bank. Minimally, I can benefit. But if you were to take out $2 million in credit, I'm guaranteed to benefit and I've locked in my earnings as a bank. Come on now. This is this is small brain thinking. Small brain.

He writes, "That's a vain pursuit and that's why those type people are never satisfied." Oh, this is a poor person. This is a poor person. Basically suggesting that, you know, people who want to get rich are dumb. Let's get a high credit score. Funny. He writes, "But an 800 credit score will award you almost anything you need in life." Oh, you poor thing. You see, that's the brain dead nature of the Westerner. First off, you guys already have everything you need. You got everything you need. Yeah. People who are using credit cards generally are not using them to get things they need like food, water, shelter. They're not using it to get things they need. They're using it to get things that they want. That's how bad it is. It's really sad. Like, come on. Do you need a view like that? Nah. No, you don't. But those are the things you can buy when you have some cash liquidity. When you have a little bit of wealth, you can afford to buy that. And I tell you what, it's nice. It's nice to have, uh, an 800 credit score. Nah, it's not going to get you very far. I promise you. Because the things that you can buy with an 800 credit score are going to eventually have you losing out. I'll tell you why. For example, whether you got good credit or bad credit, what do we mean when we speak of an 800 credit score? When we speak of a high credit score, what are we talking about? We're talking about the ability to get things that are more expensive. That's what we're talking about. The ability to acquire liabilities, assets, products, services that have a higher cost to them. Whether it's a bigger house, more expensive house, more expensive car, whatever the case may be. That's why people want a higher credit score. Well, what happens when you buy these more expensive things? Well, then you have more bills. And generally, we don't want more bills, now do we?

Now, here's a funny thing about credit and the credit system. You see, banks, they, they do kind of care about your credit. But do you guys remember when we had the housing crisis that the first one that I was alive for that I could remember as an adult? I think it was circa 2009, you know, Fanny May, all these kinds of names, right? When there was subprime lending, which is to say banks were giving out loans to people who were not qualified. Shocker. So basically, whether you had good credit or bad credit, it didn't really matter. You could still get the loan. Huh? Yes. And then people failed in terms of being able to pay back their loan. Now, if you have good credit, that suggests that you're a responsible person, a good boy, and you'll pay back your loan. But circumstances occur. So, you use your good credit and then you get hold of something that's expensive. And then once you're not able to pay the payments, then you are going to have bad credit, which is fine, but then you're going to suffer because you're going to pay more money on the back end. But here's another thing. Let's say you're a really good boy and you have had a stable existence and all the circumstances hold consistent. Well, here's another problem. Say you buy a Rolls-Royce on credit, right? Uh, you get a quarter of a million dollar car. I've had a couple. You get a Rolls-Royce on credit. Quarter of a million dollar car. Now you've locked yourself into having a bill for seven years minimum. So you got seven years worth of a bill. Seven years you're paying $45,000 minimum for the car, plus another $1,500 a month for the insurance. You paying damn near $6,000 a month minimum for this, uh, for this car for seven years. You're locked into having a bill. That's your reward for having high credit. Your reward is a bill that lasts a long time. Now, if you were wealthy because you followed what I would teach you, then you don't get locked into having a bill for seven years if you don't want it. At any point you could decide, you know what, I owe another hundred thousand. Call up your bank. Hey, wire them the money. I'm done with this. Boom. It's all done. It's all done. You're free. In other words, you're free. When you're indebted, you are not free. Uh, when you're indebted, you are obligated. Huh? Come on. Don't be a fool. This is idiocy. This kind of thing. This kind of thinking is sheer idiocy. But what you notice, the most important thing to notice about this kind of thinking is that this is weak man or weak male thinking. This is hopeless person. Don't ever listen to someone like that.

Gentleman writes, "The truth no one wants to hear." Exactly. Because it's so easy if you're a poor person. You want things you don't deserve. You want $1,000, but you can't earn $1,000. So, you go to the credit card company. You can't earn a thousand, but you want a thousand and you want it now, so you go to the credit card company. Instead of saying, "This is not for me." Hey, I tell you one of the wisest things the homie ever told me. Hood, dude. I remember we're at Universal Studios Citywalk in Hollywood. I'll never forget it. Super bad red bone. I ran up on her, kicked the game at her, and it was a no-go. And I was shocked. You heard me? Cuz you heard me. One shot, one kill most of the time. You know, the game was pristine. And the homie said, he said, "Bro, everything ain't for everybody." Which is to say like some things just don't line up and it's okay. So if you are a person that you know you might want a Bugatti but you can't afford a Bugatti, that's fine. Drive your Toyota and be happy and be debt-free, uh, and be free in fact. But you don't realize sometimes people are driving a Bugatti, they're more enslaved than you are. They have to keep working. This is the trick. When you are in debt, you have to keep working. If you don't use debt, you don't have to keep working because you don't have to pay bills. It's not a requirement for your life and your lifestyle. Come on now. That's the problem with people.

Shout out to Heels in supporting the work. Came in with a baller alert. You dig? Okay. He must be feeling this. Yeah. And also shout out to DJ Berserk, just became a member at patreon.com/thesaint. May we welcome him warmly to this thing of ours. Let's go back through this because I really want you all to understand. And the worst thing about it is you have people who are broke giving advice. No, sit down and shut up. That's what you need to do.

Um, Miguel writes, "Okay, Marquette, this one is dead real. I like seeing the side of you with fin practical financial advice for the average person." Exactly. Exactly. Simple. And listen, I'm not giving you advice for my situation. A lot of times you got people who are well off. They don't know how to get beyond their own situation. And they'll, uh, you know, someone will say, "Hey, you know, I got a problem with this or this happened to me." And they'll be like, "Well, then just get rich." I'm not telling you that. That's silly. Most people will never be rich. Here's a funny fact. Most people don't want to be rich. I'm telling you what's meaningful for the average person. I could take out a small petty credit card for, you know, a $10,000 credit limit, $50,000 credit limit. That [ __ ] is petty to me. You hear me? That [ __ ] is petty. I'll never, I'll never not be able to pay the bill. Yeah, I could use that and build up credit history, but it's not necessary. It's just stupid. It's a waste of time. I'm giving you guys advice to benefit you. I could manage a credit card. Marquette, why do you say that? Aren't you a human being just like us? Yeah, that's true. Except that I've run multiple corporations that had employees around the world. So, I'm really good at financial matters because I've had to manage corporations and foreign nations and deal with their tax code and deal with it's different over here. But all the same, my advice to you is don't use credit cards. I'm sure I could use one competently, but I'm not going to play with fire. Huh? I'm not going to play with fire. I'm giving advice that everyday people can use, okay? Because that's what's important to me. Taking care of everyday good people who deserve to have a good life and a good lifestyle. I just don't want you to hurt yourself because the truth is, and it says this in the Quran. It says that most of the things you suffer will be of your own making. Meaning you did it to yourself. Trying to help you not hurt yourself.

Shout out to Mark G. Oh dang. You got life in prison. That's kind of crazy. Yo, that's wild. Sounds a bit excessive. Unless he bodied somebody. Might need to look into that. Shout out to, uh, Jawan. He writes, "Peace of Saints. Just became a member on Patreon. May we welcome him warmly." Appreciate you. Shout out to King. He writes, "Peace of Saints. First time super chatting. Been watching your content since 2019. This man took his time. Really glad to be part of this movement. Really appreciate all of the game." Thank you very much. And shout out to the real ones who stand up and pay what they owe. You dig? And we have a lot, like the challenge today is that we have a lot of males but not enough men. That's a challenge. And you see, people

Talk about being arrogant and being humble. You see, we don't know when to apply that.

If people are talking about money and you ain't got none, sit down and shut up. That's a good time to be humble. You know, if like, for example, if we're talking about boxing, I love boxing. I'm going to talk about boxing any chance I get. But if if the homie Bud Crawford come in here, I'm about to sit down and shut up because that's his area of expertise and he's far above what I've done in that sport, I'mma sit down and shut up. Okay? I'm not gonna speak up. Even if I disagree, I'mma shut up. You hear me? I'mma listen. That's the problem is that we're so feminine that we feel the need to talk all the time. Shut up sometimes.

The only reason I'm doing this video is to dispel the idiocy. Huh? Here we go. Okay, so this person writes, "This is not all the way true because how will you buy a car if you don't go into some sort of debt?" See, this is stupid. This is totally stupid. Okay, I'mma read that stupidity one more time. "This is not all the way true because how will you buy a car if you don't go into some sort of debt?" Okay, boom. So, let's explain how stupid that is. Number one, the video was the video about car loans. No, the video was about credit cards. That's number one, videos about credit cards. That's number one. Then number two, um, let's say Marquet Devon Burton has no credit whatsoever. If I show up to a car dealership with this, if I show up with this, can I get a car? [ __ ] yeah. Hell yeah, I could get a car. Drive off the lot with it straight away. So what are you talking about? You're telling lies. That's the problem. Broke people tell [ __ ] lies to make themselves feel better. They don't acknowledge the truth, which is I'm broke. It's not a credit issue. It's not a a an issue of like debt being a good thing. It's an issue of you not having money and you not being real about the fact that you want things that are not for you.

If you don't have [ __ ] money, then go to the the used car lot and say, "Okay, how can I get a car that's about 7,000 cash, low mileage, it's a Toyota, so it's reliable, and my uncle Earl can change the oil for me at low cost? I'mma ride this piece of [ __ ] Toyota because that's the level that I'm at. And listen, I'm comfortable doing that because I could pay with this money I saved up from working at CVS. I don't have a car note on it. I got low cost insurance. And hell, I'm riding. I don't need to be Instagram ready. I don't need to floss on these hoes. And guess what? When you riding that beat down Toyota, any broad that deal with you, she dealing with you cuz she wants to deal with you. She ain't dealing with you cuz she riding. You know how many times I had a hoe get in one of my cars, broad is in there taking all these goddamn Instagram stories? I'm like, "Yo, shorty, what the hell are you doing? This ain't your car." Yeah, cut knock it off. I don't want people like, "Nah, knock it off." Yeah, you don't know why the hell these broads in the car. They think it's a damn movie set or something. So, yeah, live within your means, not within the means you see with of other people on television and other people on Instagram. Hell. Yeah, man. I live according to my means. I even live below my means. My goal is not what I can buy. My goal is what I can give. Come on now. But people want to do too much damn flossing and lying. So we just prove this lie wrong straight off rip very easily.

He writes and how to get a decent interest rate. You don't need a decent interest rate if you got 6,000 in cash. And anybody can do that by having a decent savings rate. You I have a a a episode on financial literacy, personal finance. I think you get it at theassin.com. That's thasn.com. Talks about personal finance and saving money, for example. Um, so that dispels that idiocy right there. Then he writes, "You need to build your credit." No, you don't. Um, if you are financially responsible, your credit will inevitably be good. He writes, "But the concept is true. Don't live above your means. You took all that goddamn time to say all that nonsense." Okay. Okay.

Then this person writes, "Cash. People in other countries do it all the time. Damn. Called him a broke boy. That was not that was not very nice. But that's precisely what I just said. He's dispelling the lies that this young man has put forward. Which is to say, bro, think before you speak, especially if you're going to try to go against something that was said by an experienced man. Gentleman writes, "Is debt in the form of student loans a valid form of debt, or would it be just as foolish as credit cards?" Hell no. It's not just as foolish. Um, it's bad in as much as it's debt. Generally, I don't want debt. However, of the forms of debt you could get, student loans generally have favorable interest rates, especially if you can get a subsidized loan backed by the government. I'd highly recommend it. And furthermore, education, if you get a good education at the right place, is going to pay you back. It's very much so worth it. And if you do get debt, my goal is not to have a good credit score. My goal is to not pay it back. Yeah, you heard it right. Goddamn it. If I get debt, my goal is to not pay it back. I want it uh absolved in some way and I'm trying to figure out how. Carrying on.

Now, uh here we go. This person writes, "False. Stick to what you know. Addressing female BS and he has three imbeciles that are just like him." Well, he is probably one of them. He probably clicked a like on his his own uh comment. Now, let's see who we're talking about. So, this is the guy who knows more than I do about financial literacy, right? So, we see him standing in front of a helicopter in his profile photo. Here's the difference. When you saw me, I was getting out of a helicopter that was moving. This helicopter is on display. You can see a number of people in the background. So, it's clearly on display. He has not been transported in this. Furthermore, looking at all the images, do we see him doing any boss stuff? Do we see him living an expensive lifestyle? Do we see him winning? No. These are all random images of landscapes. And here he is. Does this guy look like he's successful in life? I'd say hell no. First off, he has a bad hair transplant. You could tell a hair transplant because the hair be sticking straight up in the front. He has terrible, ugly glasses. He's wearing a simple t-shirt, which you shouldn't wear a basic t-shirt unless you're cut because that makes it look good. He's wearing a knee brace under some random ass cargo pants. Brody is not winning. And then he has uh two comments here. Oh, actually just one comment. That's really embarrassing. So, just one comment. Nobody knows him. Nobody likes him. Not even his family said anything. Furthermore, he references Komuna 13, uh, which is in Colombia. My initials are tagged in that neighborhood. Here's a true story. If you ever go there, MDB, you will see my initials tagged on the wall there. Why? Because I took care of people in that community. That's a true story. If you ever go to Colombia, you will see my initials tagged there. When you see that MDB, that's the big homie. Because I took care of people there. real cash money, you dig? It's different. We're not the same loser. Anyways, this is how these people live who have so much to say. Look at this. Done nothing. He's nobody. Broke. Broke. We do not see him living at a high level. Bunch of random photos. No family. He's lonely. No family, no women, no money, no nothing. He's living very basic. Very basic. So, is this someone that anyone wants to be? No. Is this someone that has money? Clearly not. Clearly not. Highlights. Let's see what the highlights are of this guy's life. Okay, that's it. All right. Fantastic. So, that's not someone you want to be.

>> And I don't say that to be mean or unpleasant. I just say that as a point of fact. It's like take advice from the people who are living in the way that you want to live. Some things you can't fake. You know, we can people can play games all day, but my lifestyle you cannot fake. You cannot. The things I do, they're clearly expensive. You just can't pretend. You can't fake it. Anyways, carrying on. Uh, let me uh catch up on a couple of these super chats. Appreciate those of you who are supporting the work. Shout out to Zenaria. Always been supporting Loyal for a long time. Shout out to Virtuous supporting the work as well. Also acknowledge Steam Roland. Good to see you. Been a little while. Shout out to the real ones. Shout out via PayPal. Muhammad writes, "Uh, we'll start using this from now on. Showtime on YouTube." I'm telling you, man. Hey, get rid. Listen, when you check into marital issues, credit card debt, always a huge one. I promise you. Credit card debt, marital issues, financial issues, credit card debt. Uh, by the way, shout out to the ballers. Joshua writes, "Paying what I owe. Thank you for everything you do. I appreciate you." Shout out to Joshua. You heard me. Yeah. It's funny how the people have all this damn advice on finances and using credit cards ain't got no [ __ ] money. Shocker. Shocker. But we going to carry on. I want you guys to learn. Let me teach. Let me teach.

Here we go. So, we we we saw that this guy's broke. He's like 80 years old and still broke, which is fine. Just don't talk about money. This gentleman writes, "Liquid cash in itself is debt." So that was stupid. That that literally made no [ __ ] sense at all. Liquid cash is what I was just holding in my hand. Them green guys. That's liquid cash. So what the hell are you talking about? You don't even understand basic financial terms. This person writes cash is debt. Debt backed by the full faith of the American government. Oh, so here we got a person who thinks they're deep. Oh [ __ ] Here we go. They literally print money not based on anything. We know this. We're aware. Uh, it's called fiat currency. Okay, tell us something new. Okay, let's see where he's going with this. Use your credit wisely. Okay, we got a guy who likes credit. Shocker. How do you think all the big Fortune 500 companies pay their employee? Oh god, what the [ __ ] is this guy talking about? I'm not even getting into it, man. That was crazy. That was cra he's getting too deep. Just Jesus Christ.

Here we go. Okay. Accounts private globe trotting. May Allah keep my heart. Okay. Bless this brother. Bless this brother. I don't know what the hell he >> says don't use credit cards. >> I mean the the weird thing is he mentions Allah subhana wa ta'ala. If you are a Muslim, you do not believe in credit. If you are a Muslim, you do not believe in or use credit as a port as a uh result of your religion itself. The dean itself tells you not to use uh interest. It's called reeba usery. Huh. and he's over here talking about use your credit wisely. Carrying on. What do we have here? Said a lot of people won't agree with this. You'll have a lot of people mad with this one. Correct. It looks like you didn't proofread that comment. Then this person is a complete psychopath. This one is hilarious. This guy's a complete psychopath. This dude comments on everything. He writes, "Not everyone is trying to be rich." What? Who said they were? That was strange. This guy's a legit scammer. Don't listen to any of his advice. Now, here's the funny thing. This guy's a psychopath, right? This guy has been following me forever. You see how it says follow back? This is one of my followers, ladies and gentlemen. These are the kind of people that we're dealing with. And then look at this. All these random photos. Oh, and he has fingernail polish. He's a skittle guzzler. And the people who really get mad at me are skittleglers. >> Those are the ones. They're homosexuals. Shocker. Shocker. Boy is a psychopath.

Gentleman writes, "Credit cards are a scam." That is correct. This person writes, "I use them and pay off the balances every month." Well, if you're going to pay off the balance every month, why even use it? I get two to three percent back on probably 50 to 60,000 a year in purchases, blah blah blah blah blah. Is it worth the risk? I don't think so. Uh, let's see if he's balling, you know, based on that two to three percent back. Is he balling? Okay. He has a profile photo that has no face. He has a a name that has no name. Okay. He says, "Since you were you're here, check out my deals. I have divevestment wigs." That's funny. He has a sense of humor, but he's not living in the way of a standup man in my opinion. >> Where's your photo? Where's your name? Man needs to stand on his name. So, is that two to three percent worth the risk? Nah, probably not. It doesn't look like he's become wealthy. Shout out to a dream. He writes, "Lol, what a idiot." Okay, now here's the irony. Let me teach. This is how stupid people are. He writes, "What a idiot." Well, that's ironic. You're calling someone dumb while revealing that you're dumb. Really, you should write, "What an idiot." What an idiot. So, we have someone who's too stupid to even properly insult someone. Good lord. He writes, "You're so your." Is that the right your is it you are so confidently wrong? Okay. Huh. I think that might be you are curious. Anyways, he writes, "Credit cards are a tool." Yeah. Tool of who? The poor, the idiotic. You videos. Oh god. You mean your videos? This guy's too stupid. This guy writes you videos. These are the kind of people. It's never intelligent, successful people who have an issue. It's always the dummies. And here's the the other psychopath who follows me um but also hates me and uh paints his fingernails. Weirdos. Weirdos. And again, we got the haters. They follow me. And you'll notice something consistent about them. They never have a profile photo. They don't have their name up. They don't have their photo up. All weirdos. Does this guy look successful? Not at all. Not in the least bit. Weirdos. said, "Don't use."

>> This is the the world that we're in. And I hope you guys take this all as a warning. If you become wealthy and successful, you got people who can't get enough of you because you're good at what you do. So, they follow you on Instagram, they stalk you, but they're jealous. So, at the same time, they hate you. It it's it's damn near spooky. It's like they can't control themselves. Just real mental illness. This person writes, "Hey, tell that to so and so. I think I'll listen to a Jew about money. I mean, liquid cash seems cool, but you end up getting taxed and nickeled and dimed into debt anyways." Then what happens if you have ish credit? Now you're in That doesn't make any s Where do they get these people? Lord Jesus. Lord Jesus. Oh man. Geez. You know what? Ju if you guys like I know some of you guys might be watching this like Dan Marquet just like restricted me is because there's certain comments I just don't want to see. It's like it just doesn't help. >> But you if you like what I'm saying just if you don't know what to say rather than saying something stupid just put a damn thumbs up. Just just type in a thumbs up or type in yeah good video. You know type in some stuff like that. Hey I enjoyed this. Hey I'm going to share this instead of typing something stupid. Okay, just my my polite request. Anyways, my polite request, but we're going to go through see if we can learn anything from these people. Uh, this individual writes, "People in third world countries have nothing called credit, which turns out to be a good thing. They save their money and they purchase point blank." Exactly. This is 100% correct. And I know this from vast amounts of travel and also doing business in developing countries and giving microloans in developing countries and finding that people often return. Yes. Because they're responsible. They have good reasonable business plans and realistic expectations for returns. They're not trying to become Bitcoin millionaires. Um so yes, this is a very sensible comment, quite intelligent and insightful. Furthermore, this is precisely why immigrants come here, even the poor ones, they come here and they outperform Americans because they don't get into the credit trap and they also don't get into the trap of being unrealistic. Huh. Carrying on, he writes, "I'll bury my credit card once it's paid off. Never again." Exactly. This is clearly someone who has been suffering under credit card debt. And it's not because they're a dumb person. It's not because they're particularly irresponsible. because it's designed for you to lose. Yeah, you might go in the casino and win sometimes, but eventually your ass is going to take some major L's. That's the way that's what it's designed for, for you to take some big L's, and you eventually will. Doesn't matter who you are. That's the way it's set up. Point blank. Period.

Okay, cool. Um, may I acknowledge uh via Cash App. Shout out to Jose. I also acknowledge via PayPal. Shout out to Joshua. He says, "For the people not paying what they owe, came in with a baller alert again." It's like that. It's like that. You dig? When you got it, you got it. You heard me. Shout out to the the people who are broke but got financial advice. Okay. Uh Sheree comes in. I don't know if he sent a super chat or a cash app, but I I'll read this anyways because I trust I trust the gentleman. He writes, "Peace to the saints. Um, this is currently making me sad saying with the amount of idiots that are breathing on this earth, you dropping knowledge for free and it's a shame. I currently work at a very well-known bank as a relationship banker. Now, shout out. A lot of people don't even know what relationship banking is. You hear me? Because they bread ain't right. You dig? Shout out to the real ones who really got it. He writes, "And then I worked uh at a former well-known bank in America as well. I sit with a lot of clients each day and deal with 120 transactions just doing busy work. I cannot tell you Marquette that I literally read the disclosures and form agreement about credit cards, CDs, etc. And people don't even read or understand it, but they agree to it and sign away and still come back asking a lot of questions about their credit cards. It's horrible. Now, now mind you, this is coming from someone in the banking industry. Uh, and a relationship banker, that's a respectable position. He writes, "Now, tell me how much sense this how much sense this makes." They literally have an offer, which I just sold today to a client for a credit card, saying, "If you apply for this credit card and spend $1,000, within 90 days, you'll get $200 cash back." And the and the and these idiots think they are beating the bank. The bank is winning. You can't make this stuff up, Saint. There. There you go. Now, listen to me. Are you guys dumb enough to think that the bank is going to give you a credit card, let you spend $1,000, and give you $200 back if they're not going to make way more than that off of you? Come on now. Come on now. You can't be that dumb. You got to be smarter than that, boy. Y'all getting robbed blind. Shout out to heaven.com. It's good to see you. Saints, I'll give you some time to send in your comments, questions if you have um you got any comments or question about business, uh economics, uh entrepreneurship, anything like that. And mind you, I want you all to take note again that none of the the geniuses who had all that financial advice, none of them have showed up because these are generally the dumb people. These are the idiots on the planet Earth. These are the ones who have no money. They have no money because they're dumb. And what's worse is they're not humble enough to say, you know what, I'm looking around at how I'm living and I'm broke. Maybe I should look at how he's living and say, "Okay, maybe he has some good advice and I might benefit from that." No. The problem is we want to call women delusional. These dudes are delusional, too. They're broke giving financial advice. I mean, this is the era that we live in. It's truly concerning. But hey, they gonna stay like that.

Shout out to uh Lion Empire Legal Writes. What are your thoughts on buying crypto? Crypto is not an asset. Um it is traded in the same way that paper assets are traded being that there's no underlying asset. It's harder to predict. Really, the only good time to buy it is if you have insider information on an ICO or there's a crash in the market and then you can buy the gold standard Bitcoin or those that are, you know, reasonably back like Ethereum, XRP, things like that. But aside from a crash, it doesn't really seem like something I'd want to dabble into. Um, and also another thing I want you guys to know about the financial system and the the stock market and all this stuff, this stuff is all a scam. But the question is like do you know how to you know play within within the rules or do you know how to properly bend the rules? Uh for example, one thing I did want to acknowledge recently um because I love when people send me stock. I used to do videos on buying stock um a gentleman that recently sent me uh some Palo Alto networks and he sent over a hundred bucks. I always love when people send a square amount because it's easier to see the percentage of growth. So, a gentleman, I think it was Hustino, and someone correct me if I'm wrong, but I believe it was Hustino sent over 100 bucks in PaloAlto Networks and I've done many videos on how to buy stock in the past and um he sent it some time ago and then I took a look at it and I was like, "Oh, wow. It's up 16%." Boom. Sell. Boom. Locked in 16% of growth within just a couple weeks. That's great. And that was a good buy on his part. Much respect. I love to see that. And what I really like is when a guy sends me some stock like that one, of course, I appreciate getting the stock, but I also know that he's making good good choices in his buy. I know his portfolio is probably looking good. Now, there's another gentleman sent me some Snapchat. And Snapchat, he sent 100 bucks in Snapchat. Snapchat right now, the amount he sent me is at 100 bucks 46 cents. So, it's not really seeing any movement. It's been a little while. The good news is it hasn't tanked, but it hasn't really grown either. Um, we'll see what happens with it. I'd be curious as to why he bought it when he bought it. Um, but you know, these are fun things in the stock market. It is essentially a scam. Um, but you know, you can get on the correct side of it every now and then. The reason I say that it's a scam is because you have persons who work within the corporations, which is to say they know what's going to happen. They know which buys and sells are going to be most profitable, and supposedly they're not going to do any insider training. Spare me. Then you have the United States government, congressmen, senators, etc. uh presidents and they're going to make policy that's going to impact the stock market. Supposedly, they're not doing any insider training uh trading. Spare me. It's nonsense. It's all ridiculous. The only people who are uh suffering are you and I, everyday people. We're the people who don't have insider information. We don't work high up in, you know, Fortune 500 corporations. We don't work in government. We don't have advanced knowledge such that we can profit. And so as a result, we're trying our best to make decisions that are not going to be profitable no matter how thoughtful they were. We don't have high frequency trading algorithms. We don't have a huge technology stack and we don't have privileged information. So when we say it's a scam, what I mean by saying the stock market is a scam, it largely operates to take money out of the pockets of those who are lowerass and middle class and and concentrated into the pockets of those who are in the top 5%. That's what it operates to do. And sometimes some of the middle class people don't even realize they're being stolen from because the money is being stolen out of their retirement from their retirement fund, their 401k, their IRA. And so the money goes quietly, you see, and they're not aware of it. And it's going back into the government pockets. It's really quite a comedy. And then if you understand macroeconomics, you look at uh countries like Qur uh and other countries in the Middle East, you look at UAE, and these countries, they have an investment fund for the country. Even uh Malaysia had one. It it suffered due to fraud, government fraud. But they they will invest in stock. They'll invest in countries. They'll invest in real estate. All kinds of things to benefit the country. Does America have an investment fund? Hm. We should check into that. But Qur has a huge one and various other places have a huge one. And they're making money for the country, which is to say for the citizens. Why don't we have one? And if we did, who would it benefit? Yeah. Lots of questions going on. Huh. Yeah. Exactly. Exactly. So, there's a there's a lot to know and understand in this world. And I just find it laughable that people who have scarcely moved out of their mother's basement um try to like act as though they have more financial knowledge than someone who's opened up a corporation with offices around the world, done business in various financial markets, you know, in five different languages across six time zones. It's like, what are we talking about here? Like, sit down and shut up and play your video game. like stop it. It's just it's almost offensive, right? It's like I wouldn't go up to Jordan like, "Yo, Jordan, let me show you this new crossover." It's like, "Bro, that's out. I'm not going to go up to Allan Iverson like you think you're the answer. I'm the response." Like, nah, bro. It's out. That's that's ridiculous. So, it's like sit on your goddamn uh mom's couch, play Call of Duty, and shut the [ __ ] up. But don't speak up on things you don't know about because you're going to misguide people who really are hungry for good knowledge and they want to profit from it. Okay? So, so keep your mouth closed. Uh, this is something your father should have told you.

Shout out to Matthew. He writes, "Peace of the Saints. I've made these mistakes and have a lot of debt." In reference to your Matrix video, should I not pay them off? I'd rather just put that money into my product. Thank you. So, number one, it I don't know specifically what your situation is. Maybe we probably should have talked about this in a consultation, but if you have high interest credit card debt, uh, and you anticipate that you want to use your credit score for something, maybe buying a house, uh, which you probably should buy a house, I would consolidate that debt under the lowest interest rate and start to chop it down as fast as possible, the credit card debt. Uh, so that's number one. And if you're not able to consolidate for some reason, I would figure out which credit card has the highest interest rate and I would pay off the highest interest rate credit cards first. There are certain kinds of debt you can hide from like student loans you can hide from. You can pause the payments. You can report that your income has uh decreased. You can report that you had health bills. All kinds of ways to pause that uh those payments. You can even get it paid off. And truth be told, student loan debt is that kind of debt that might be forgiven by the government. Your credit card debt will never be forgiven by the government. So, if I had to pick which one to pay, I'd probably pay off the credit card debt, leave the student loan debt because you might get a liberal president in that removes all the the um student loan debt, you know. So, these are different things to think about when you say you'd rather put the money into your product. Well, first you have to make sure that your product constitutes a proper money machine in business. And once it is reliable and you say, "Okay, if I put $1 into my business, it'll turn into $1.30 every time." Well, if that's the case, well, [ __ ] put the money into the business. It's a money machine and it's predictable. If you're still developing the business, then no, it's not something uh that's going to be as beneficial to you. Move slowly, but first get out of that credit card debt because it is crippling. And you know depending on your income level, you know, credit can be an asset to you uh when you want to start getting a a home. You see, now remember this is the difference. I'm talking to him because he might have bad credit and he might have significant debt. But if you're in a situation where you have no credit and you have no debt, you don't need to establish credit. That's a trick and that's foolishness. You're in a situation where you don't use any credit cards and never have, you're in a good position. I'm talking to someone who has credit card debt, um, who has bad credit. You know, there's different moves you need to make when that's your starting position. Thank you for that question and wishing you much success. And exactly, you you heard from the gentleman there like that just lets you know like this stuff is real. You know, it does. And this is a smart young man I was just referencing. Uh, this stuff is real and they will catch you in that trap eventually. And credit cards will never make you wealthy. Credit cards will never be leveraged to start a business. This is all nonsense. This is hearsay. Saints, it's been a pleasure time to fellowship with you all. Until next time, peace of the saints.