FinFluencers Misleading People
I was goig through YouTube and stumbled on a post by a famous FinFluencer who have millions of followers. He has mentioned about Financial Products That are Bad for people, in that he has mentioned about Credit Card, Cryptos and Trading among others. I think it's completely wrong and misleading millions of people.
PC: Google.com
Let's go through one by one, why the post is wrong. It's good to have multiple Credit Cards because it can really help you. For example, I have SBI Credit Card which has given me 10% discount in Amazon Sale, I have SBI Cashback Card which gives 5% cashback everytime I buy online as well as I have Rupay Credit card whixb gives 1.5% returns for almost all the category including Education and Insurance. So it's good to have multiple Credit cards if you can manage it well.
Cryptos, people who missed the bus in crypto always suggest people to not invest. You don't even have to invest in crypto, you can earn crypto just by writing blog, playing game and even sharing your opinion. I know some people have lost good amount of money in crypto, because of their greed. But of you keep your greed aside, you can earn really good in crypto.
Trading is not bad. Over trading or not knowing when to stop is bad. I do swing trading, earning decent amount even in the bear market. When the Nifty is giving negative returns from the last 1 year, the trading has given me around 8% returns which is quite good.
So it's not about financial products been bad. It's about how you are using it. If you are not using it correctly, it will be bad only. If you are using it nicely, it is good only. I know ULIPs are bad but again it's not bad for everyone. People who don't want to invest in Stock market, for them ULIP seems to be a good option to get 6 to 7% returns.
Posted Using INLEO
Exactly, if something is not working for these finfluencers, they label that product as bad and make noise. Products are tools for earning, and how one uses them is up to that person.
Working knowledge of the product. Risk assessment and goals are the key; without these, it's better to bury the money somewhere in the jungle and mark X on it. 😂
Bus ine sabhi scheme se unki Jeb bharane wali hai aur jo log product bye karenge unhen kuchh nahin milta.
100% correct. Kuch bhi bol kar beech dena hain.
Kal hi meine ek YouTube par course ka ad dekha about investment strategy. Thoda research kiya to pata chala bhaishaab khud loss mein hain aur course beech kar ghar chala rahe hain. 🤣
Ha ha ha haa 😅😂 , yah Hui na baat aise Na jaane kitne sare log Hain Jo dusron ko aise course bech rahe hain jisse unko Koi benefit hone wala bhi nahin Hai per usse unki Jeb garm ho rahi hai to usse unhen Koi fark bhi nahin padta.
!PIZZA
Sach mein logon ne aison par consumer court mein complaint kar rakhi hain phir bhi no action, Loopholes se bach jaate hain bol dete hain eductional content hain aur kuch nahi. No guarantee promised during the sale. 🤦♂
Log ko bana rahe hain aur log ban bhi rahe hain.
Sad reality hai ye bhe yha ke. Or esa sab jagha hota hai 😅. Mujhe un logo ka soch ke dukh hota hai jo log ese chakro mai pad jate hai 😐
Waise logon ko baad mein smajh aati hain ki hua kya hain, and after that vo shut down rhate hain aache bure schemes se. Kyun ki kabhi kabhi dhoodh ka jala, chaajh, dhood, dahi sab chod deta hain. 😅
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 20.00% vote for delegating HP / holding IUC tokens.
$PIZZA slices delivered:
@bhattg(5/15) tipped @inuke
Come get MOONed!