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The Price of Being Poor | Banking Services

756K views · Sep 27, 2020 · Education

Comments · 2.1K

  • @AndrianTimeswift · 6 years ago

    &quot;It&apos;s expensive to be poor.&quot;<br><br>Truer words were never spoken.

    2.1K

  • @Shenaldrac · 6 years ago

    I empathize with Pig, I too have to deal with people just not getting simple concepts like having a literal-slash-metaphorical battle with an evil copy of themselves. It&apos;s incredibly frustrating.

    516

  • @setlerking · 6 years ago

    The fact you didn’t call the shady banker “loaning better” disappoints me. Great video as always though!

    2.2K

  • @pramienjager2103 · 6 years ago

    The &quot;having no credit history is worse than having bad credit history.&quot; really hits home. My entire life I used cash money to buy everything, cars, motorcycles, pay for my apartments, all of my bills everything. I figured when the time came that I might need to borrow/develop credit I would be good. I managed my money well, budgeted to always spend less than I had, and everything that should be good. Nope. Turns out they want us broke, they want you owing them, you aren&apos;t profitable if you aren&apos;t in debt.

    700

  • @OscarSotoJr · 6 years ago

    Post Office Banking is one of the most under appreciated programs that the USA has dumped. I wish it would come back.

    206

  • @StevenG. · 6 years ago

    &quot;Knowing better” really out here teaching us all the things that we should have learned in school from taxes, rights, to banking. He’s really doing us a huge service by making these videos.

    2.1K

  • @iammrbeat · 6 years ago

    2020 is the year KB started talking to his piggy bank.

    2.2K

  • @korayven9255 · 5 years ago

    “The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. <br> <br>Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. <br> <br>But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that&apos;d still be keeping his feet dry in ten years&apos; time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. <br> <br>This was the Captain Samuel Vimes &apos;Boots&apos; theory of socioeconomic unfairness.” - Terry Pratchett, Men at Arms: The Play

    750

  • @JRawThaDon · 5 years ago

    “It’s expensive to be poor” that’s the truest statement I’ve heard in a minute man. Not only financially expensive but educationally, property-wise, environmentally, etc. It feels like a trap to keep the poor people poor and the rich folks rich🤷🏾‍♂️🤷🏾‍♂️ but what do I know

    324

  • @schmudej85 · 3 years ago

    Having no credit history is worse than having bad credit. I couldn’t believe it when it happened to me. I was literally being punished for having been totally responsible. After that it was no mystery to me why so many people are irresponsible with money: our system actually encourages, in fact incentivizes, bad monetary habits.

    88

  • @Starcrash6984 · 6 years ago

    It&apos;s <i>so</i> expensive to be poor. I used to be homeless, and it costed me so much that I was paying about twice what I&apos;m paying now (as an apartment renter). Much of that was for food, because being homeless requires just having a place to exist, and fast food places will let you hang out if you buy food. And if you don&apos;t have an oven to cook with, there is no cheap food available to you, even if you&apos;re not spending for time to sit down and heat up in fast food places.

    1K

  • @rozarah · 6 years ago

    &quot;Sure...I&apos;ll hold on to your money.&quot; &nbsp;Perfect delivery!

    175

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