Credit Nonsense & Propose Now Pay Later!
Episode 27 of the The SatsMate Stack podcast, hosted by Paul, titled "Credit Nonsense & Propose Now Pay Later!" was published on January 7, 2024 and runs 7 minutes.
January 7, 2024 ·7m · The SatsMate Stack
Summary
Hi Everyone, We are living in very backward times financially. If you pay off a debt, your credit score will drop several hundred points. If you pay off your mortgage, student loans, house, car, or anything else once you pay this you will notice your credit score will go down. This is backward! It would be best to be incentivized/rewarded when you pay off your debt, not disincentivized. We also are seeing some messed up stuff making its way to buy now pay later, such as p...
Episode Description
Hi Everyone,
We are living in very backward times financially. If you pay off a debt, your credit score will drop several hundred points. If you pay off your mortgage, student loans, house, car, or anything else once you pay this you will notice your credit score will go down.
This is backward! It would be best to be incentivized/rewarded when you pay off your debt, not disincentivized.
We also are seeing some messed up stuff making its way to buy now pay later, such as propose now pay later, or people putting simple groceries on layaway.
As the economy tightens, you will be able to see those who don't have assets or wealth will become increasingly obvious. It is important to be in a solid financial position now more than ever.
Bitcoin at a minimum provides an avenue to own the hard asset BTC, rather than a claim on someone elses asset. What do you all think?
With Best Regards,
SatsMate
Support the Channel Here:
Bitcoin Buys: https://invite.strike.me/2MSTYG
Bitcoin Address: bc1q7mahtup2zwnshwjppc5rqxcn0ydg5k5h4j3npth6vtxjdum2c2eqvx53ck
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
What do you all think?
With Best Regards,
SatsMate
Support the Channel Here:
Bitcoin Buys: https://invite.strike.me/2MSTYG
Bitcoin Address: bc1q7mahtup2zwnshwjppc5rqxcn0ydg5k5h4j3npth6vtxjdum2c2eqvx53ck
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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