THE 22 YEAR OLD WITH $30 MILLION IN CREDIT - IMPAULSIVE EP. 141 | Summary and Q&A

743.2K views
December 6, 2019
by
IMPAULSIVE
YouTube video player
THE 22 YEAR OLD WITH $30 MILLION IN CREDIT - IMPAULSIVE EP. 141

TL;DR

Steven, aka @credit on Instagram, shares his journey of amassing over $30 million in credit and using it to create a lavish lifestyle. He also aims to change the education system and teach others about credit and personal finance.

Install to Summarize YouTube Videos and Get Transcripts

Questions & Answers

Q: How did Steven learn about credit and acquire his vast amount of credit cards?

Steven learned about credit through trial and error and extensive research. He used techniques like manufactured spending and credit card rewards to build his credit and acquire a large number of credit cards.

Q: Is Steven's lifestyle just a "weird flex" or does he have a purpose behind it?

While Steven enjoys the glamorous lifestyle, he uses it as a platform to educate others about credit and personal finance. He aims to change the education system and raise awareness about the importance of financial literacy.

Q: Can everyone achieve the same level of success with credit that Steven has?

Steven believes that the credit game is constantly changing and evolving. While credit can be a powerful tool, it requires knowledge, strategy, and responsible financial management. Not everyone may have the same opportunities or resources to attain the same level of credit success.

Q: What are some of the risks and potential consequences of using credit to such an extent?

One potential risk is the market correcting itself due to an influx of people acquiring a large amount of credit. This could lead to changes in lending practices and could impact credit availability. Additionally, irresponsible use of credit can lead to debt and financial difficulties if not managed properly.

Summary & Key Takeaways

  • Steven has 240 credit cards with a total credit limit of $30 million, which he uses to invest and build wealth.

  • He emphasizes the importance of financial education and believes that schools should teach more practical life skills such as credit management, taxes, and personal finance.

  • Steven has developed online courses to teach others about credit and offers tips on how to acquire credit cards and maximize credit card benefits.

  • He believes that with the right knowledge and strategy, anyone can achieve financial success and use credit to their advantage.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from IMPAULSIVE 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: