For the CFI, is it the initial balance of the loan divided by your monthly payment or is it the total of the principal and interest for the life of the loan? In other words if you have a $3000 a month payment for an original $600,000 loan would that be the CFI or is it the monthly payment divided by the total cost of the loan of 30 years which could be over 1.5 million?
While we have different fields of thought around debt, you shouldn't go around telling people that just because they have equity or a positive net worth means they don't have debt. Debt is what you owe, regardless of how much you have or what it's worth.
Oh I’m happy YT suggested this video!!! Great info
After just 2 min of watching I had to subscribe.
Masterful!
There is a finite amount of money, its gold and silver. Printing money is comunisim and causes boom bust cycles.
Bro ur on it
Subscribed on the Richest Man of Babylon reference.🏅Love everything, refreshing to seem someone not promoting scarcity.
Scarcity brings value aswell.
Where have u been all my life
For the CFI, is it the initial balance of the loan divided by your monthly payment or is it the total of the principal and interest for the life of the loan? In other words if you have a $3000 a month payment for an original $600,000 loan would that be the CFI or is it the monthly payment divided by the total cost of the loan of 30 years which could be over 1.5 million?
Current principal divided by monthly payment. Do not include the escrow
Don't most car loan banks want a VIN before funding?
Dollar is IOU'S
🔥🔥🔥🔥🔥👍🏿
While we have different fields of thought around debt, you shouldn't go around telling people that just because they have equity or a positive net worth means they don't have debt. Debt is what you owe, regardless of how much you have or what it's worth.
Agree and some folks feel strongly about what we owe
Agree
A car 🚗 should be paid off In 2 years or less. That's efficient car loan.
If the banks loan money that didnt exist then I should be able to pay it back with money that doesnt exist.
Fiat money means fiat debt.
Tomato, Tomatoe.
Debt is slavery. Net worth is the only wealth. People living off debt are selves to their lenders
Cash flow is superior to net worth. Our relationships enhance our net worth. How do you convert bet worth to cash? That is key.
@0:13
That BS example does not apply in the real world, where would you find a deal that great
Yup lol.