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EPISODE · Nov 23, 2020 · 13 MIN

Why Black Friday Is A Scam!

from Invest with Wesley · host Wesley Caruso

Black Friday is the single most marketed day to consumers throughout the year, and not that marketing or advertising is bad, because it is essential for business. What makes black Friday so bad is that the doorbusters and other deals marketed to you are done so with a strategy in mind to manipulate you in to spending even more money then you originally thought! To counter this people have learned to go in for the deal that actually makes sense and then leave to avoid falling pray to the traps of old outdated shelf items that no one wants anyway! In this video i really hope you pay attention to the third and final scam, this is the only scam that you do to yourself! Under no circumstances are you to use debt to pay for random items you find on black Friday! Yes it may mean not as many gifts or stocking stuffers for the holidays however falling into the debt trap of high intertest credit cards can ruin more holiday seasons than just one! But if your thinking to yourself that you want to save a few bucks on an item you intend to purchase no matter what, then by all means, shop for that item on black Friday and save yourself that much more money to invest! What I Use for Investing: https://ndcdyn.interactivebrokers.com/en/home.php https://act.webull.com/pm/AfSdHcj7oapv/71l/inviteUs/ https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php https://www.franklintempleton.com/financial-professionals/tools-and-resources/tools/hypothetical What I Use for Budgeting: https://www.personalcapital.com/ https://www.truebill.com/ http://refer.amex.us/WESLECF6jM?xl=cp15 If you want help setting up a portfolio service, a budget, or just want recommendations on what to do in a certain situation; feel free to comment or message me using one of the links bellow! @InvestwithWesley (FB) @InvestwithWesley (IG)

Episode metadata supplied by the publisher feed · Published Nov 23, 2020

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Why Black Friday Is A Scam!

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