People often ask others, “Why are YOU in Debt?” — and the credit card companies and banks hope you never realize it and stay BROKE. From viral Tiktok stories of $70K “it takes money to make money” disasters to Disney trips and $170 lash appointments, this video breaks down the overspending habits, budgeting, mindset traps, and high-interest pitfalls keeping people in debt. If you’ve ever swiped a card to “fill a void” or justify a big purchase, this is your wake-up call — if you struggle with saving money and personal finance.
Chapters:
00:00 How People Fall Into Credit Card Debt
00:14 $16K Debt After Leaving Marriage
01:56 Relying on One Income Risks
02:30 Negotiating Credit Card Interest Rates
03:20 Wedding Debt vs. Worth It
04:41 Camper Purchase Regret
05:00 Disney Trip Gets 1/10 Rating
06:01 Closet Full of Clothes & Shopping Traps
07:09 The “Cart Check” Shopping Hack
10:08 Traveling Without Credit Cards
10:50 $70K Debt From Network Marketing
12:28 Entrepreneur Overspending Cycle
13:08 $20K Credit Card Debt From Bad Habits
14:41 Shopping Temptations Dangers
16:30 Eating Out & Delivery Debt
19:39 Learning Finance on TikTok
22:24 What Your Algorithm Says About You
22:57 The Cost of Your Attention
23:15 $170 Lash Extensions Every 2 Weeks
24:38 Holiday Overspending Traps
25:53 Emergency Fund Importance
26:51 Emotional Spending & Filling Voids
27:41 Amazon Addiction & Instant Gratification
28:00 $500K Debt From College, Mortgages & Cards
29:13 Losing Hope & AI Fears
29:44 Renting vs. Selling to Manage Mortgages
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????????????????????????What is the DUMBEST or BIGGEST reason YOU ever got in Debt? ????
Elsa from who?! ????
Was unemployed for a few months, unemployment funds weren’t covering the bills to stay afloat, so I had to do Uber and use my credit card.
Yeah I made a decision if it’s not clothing that I’m absolutely in love with then I’m not getting it gotta be more then just cute
Im in CC debt because I'm an emotional spender and a little bit of keeping up with the Joneses. ????
I accumulated credit card debt through a combination of spending on non-essential items and necessities. However, I regret none of it and plan to pay off all of it.
I too have heard that negotiating phone calls with credit card companies will work. learned that from “I Will Teach You To Be Rich” by Ramit Sethi. Bro gives you a script to follow when with the cc company ????????
5:13 I am a disney adult but my butt is broke so I ain’t never been to one of the parks. I just watch my movies play dreamlight valley and collect the enamel pins online ????
University Housing + Car Loan + Mortgage + Dental Bills/Hospital Bills ????
Secret Protocol of Riches helped me stop wasting time on unproductive activities, establish clear objectives, and concentrate on actions that directly contribute to the advancement of my business. Unfortunately, this book is still underrated.
21:58 Omg but please stop promoting AI ????
Cooking: so many things you can literally mix and throw in the oven/air fryer- one pan meals or just salt and pepper a chicken and fry ????. Breakfast- you could fry eggs, put together granola bowls, etc. an easy, impactful win by just starting with these small changes
"network marketing" oh no lmao ????????????????
18:20 something about this delivery was so honest but hilarious to me lol