Curious- I know the quick explanation you gave for student loans is that you pay 9% if you’re over the threshold until it’s paid back. Is interest built into that? Is there a timeframe on the 9%? I probably sound like an ignorant American 🫣 The interest on student loans over here is so ridiculous. I’m not of the opinion that my loans should be erased, but I wish they’d overhaul how the system works starting with better educating the borrower and working on the issues around interest.
So! How it works is effectively like a tax, so for most people you pay your tax on a Pay As You Earn - so automatically deducted from your pay, your student loan is effectively an extra line of tax. Interest is included - and after 30 years it’s written off - so it’s a debt but also sort of not, more of a tax! Hope that made sense 🤣
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coffee being hotter than the sun can be crossed off of your bingo cards lads
🤣🤣🤣🤣🤣🤣
I’m taking a dump while watching this video ;P
how are u still going haha
Legendary!
Love these informative videos from yourself Ben. Saves me reading the books myself. Would be interested in more of these defo. Great vid x
Yes, me too
Ey thank you Feather!!!
THIS IS GONNA BE A BANGER
As always
Need a collab from you two 🙏
Mate 🤝🤝 hope you’ve been keeping well - love your investing videos!
This dude is an OG Asmr channel always like his content 👍
@@xmoek2935 thanks mate!
Spot on video mate, could you give us a steer please as to when we could look to expect the next livestream
Love the financial videos
Have to actually not fall asleep for this one
Classic Partridge quotes left right and centre
🤣🤣🤣
THE CURTAINS ARE BACK!!!
🔥🔥🔥
❤️
Curious- I know the quick explanation you gave for student loans is that you pay 9% if you’re over the threshold until it’s paid back. Is interest built into that? Is there a timeframe on the 9%? I probably sound like an ignorant American 🫣 The interest on student loans over here is so ridiculous. I’m not of the opinion that my loans should be erased, but I wish they’d overhaul how the system works starting with better educating the borrower and working on the issues around interest.
So! How it works is effectively like a tax, so for most people you pay your tax on a Pay As You Earn - so automatically deducted from your pay, your student loan is effectively an extra line of tax. Interest is included - and after 30 years it’s written off - so it’s a debt but also sort of not, more of a tax!
Hope that made sense 🤣
@@TheASMRGamer yes, it does! Thank you!
if you dont have at least 5% in Bitcoin, deep deep regret coming
First