For those who don’t know paying for big expenses in cash is bad if your trying to build your credit or just show that you can be responsible with money buying things outright in cash isn’t a flex when you know how to work your money right
Really depends on ur sitch if you’re really rich it works cause you can take the extra millions you would’ve spent and invest in other stuff with it. If you’re broke you don’t have the extra millions to keep and reinvest so it doesn’t do much but put you on a payment plan and help credit but I’ve found personally a 700 credit score gets u basically the same rates as a 800 which again doesn’t even matter too much unless u have money/investments.
Well let’s say Mr beast budget is 10mil a month. And buying the building plus rénovation cost 10 mil. Is it wise to spend your whole Budget on buying but then you have no budget to make videos or just 500k a month so you can still spend 9.5 mill on videos? Cash flow management is business number priority to keep the business running.
Same goes for buying anything expensive. You could pay like 500k and louse all the money. Or pay 50K with a 5% rate a month and invest the 450k with return of 10% or higher.
“You payed in cash?”
“What? No, I’m not crazy…
Pennies”
😵💫
Cash is king or should I say smart capital allocating is kin.
first 100th likeee
NO WAY HE REPLIED
Crazy?, he just gives away islands and thousands of dollars. Completely not crazy.
That’s what I was thinking 😂
@Graham Stephan oh my God, you responded, I have been watching you since Covid. You’re the reason I even bought stocks in the first place.
He makes it back instantly + profit
@Padlock Steve I know, ultimate business model
@EastonSchnall also btw the island was like 800k each but this studio is guaranteed to cost more than 10 million so it makes sense to finance it haha
Could be interesting to see those credit lines :0
God damn unlimited lmfao
Did my comment get deleted? I was the first or second like
How does that benefit you enough to care ?
For those who don’t know paying for big expenses in cash is bad if your trying to build your credit or just show that you can be responsible with money buying things outright in cash isn’t a flex when you know how to work your money right
Avoiding debt isn’t exactly a flex
Really depends on ur sitch if you’re really rich it works cause you can take the extra millions you would’ve spent and invest in other stuff with it. If you’re broke you don’t have the extra millions to keep and reinvest so it doesn’t do much but put you on a payment plan and help credit but I’ve found personally a 700 credit score gets u basically the same rates as a 800 which again doesn’t even matter too much unless u have money/investments.
@Reygito a lot of rich people are a the time in debt it’s just they create more wealth than it cost at the end.
Mr beast is a genius at this YouTube formula and how to generate money
Can someone explain why its apparently more smart to finance than buy it cash?
Well let’s say Mr beast budget is 10mil a month. And buying the building plus rénovation cost 10 mil. Is it wise to spend your whole Budget on buying but then you have no budget to make videos or just 500k a month so you can still spend 9.5 mill on videos? Cash flow management is business number priority to keep the business running.
Same goes for buying anything expensive. You could pay like 500k and louse all the money. Or pay 50K with a 5% rate a month and invest the 450k with return of 10% or higher.
if the interest is low enough you could technically make more money by investing the cash and doing payments instead
Love that you still reply to a lot of comments that’s awesome! Great collab!
What does financing it ? I’m not American
Getting a loan to buy it and paying off the loan over a period of time instead of using up your own funds immediately