ilmscore | Prediction Details
"So many people are financing this phone on 20, 30, $40, $50 monthly payments because they cannot afford to pay $1,000 for a phone. So they think, 'Oh, I can afford this phone because I can pay $50 a month with 0% APR financing, so I'm not paying any extra money and interest, and I can afford this phone, right?' But this is a money trap."
By Minority Mindset | March 3, 2024 | Pending
From video
MASTERCLASS: The SECRET To Never Be Broke Again 00:24:47 - 00:25:06
Interpreted Prediction
Financing purchases, even with 0% APR, can be a money trap leading to overspending and debt.

Prediction Details

Topic
Financing Purchases

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