Credit Default -Financial Education | Motivation & Money Video🔥 - video Dailymotion

Millionary Minds

Wealth Starts Here | Powerful Money Lessons You Need! 💡🔥 #FinanceGoals  "**Success isn’t luck—it’s strategy!** 🚀💰 This video delivers **powerful financial education** paired with a **motivational speech** that will change the way you think about money, success, and financial freedom. Learn **how to manage wealth, avoid financial traps, and build a future you deserve**!  Perfect for **entrepreneurs, investors, and anyone looking to improve their financial mindset**, this video breaks down **key strategies for growth, money management, and wealth-building techniques** that can set you up for success. Whether you’re **starting from zero or leveling up**, these insights will **unlock new opportunities!**  **Highlights:**   - *"Break free from financial limitations and take control of your future!"*   - *"Mindset shifts that can change the way you build wealth!"*  👉 Don’t forget to **like**, **share**, and **subscribe** for more financial wisdom! 💡🔥" "**Success isn’t luck—it’s strategy!** 🚀💰 This video delivers **powerful financial education** paired with a **motivational speech** that will change the way you think about money, success, and financial freedom. Learn **how to manage wealth, avoid financial traps, and build a future you deserve**!  Perfect for **entrepreneurs, investors, and anyone looking to improve their financial mindset**, this video breaks down **key strategies for growth, money management, and wealth-building techniques** that can set you up for success. Whether you’re **starting from zero or leveling up**, these insights will **unlock new opportunities!**  **Highlights:**   - *"Break free from financial limitations and take control of your future!"*   - *"Mindset shifts that can change the way you build wealth!"*  👉 Don’t forget to **like**, **share**, and **subscribe** for more financial wisdom! 💡🔥"  #SuccessMindset #FinancialFreedom #SmartMoneyMoves #WealthBuilding #FinanceTips #ThinkRich #MoneyWisdom #EntrepreneurMindset #InvestmentStrategies #GrowYourMoney

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00:00Here goes. A person buys a house. I know this is a barn, but again, creative license. So the

00:07homeowner gets a mortgage from the bank and uses it to buy the house. The homeowner pays the bank

00:14dutifully every month. A little principal, a little interest, a little principal, a little interest.

00:22Now the bank might start to get a little antsy because this homeowner's credit might not be so

00:28great. She might lose her job. She might stop paying on the loan at some point, and the bank

00:33wants to make sure they get their money. So here's where an insurance company or other large financial

00:39institution might step in and say, hey there, bank. How about if we sell you this credit default swap?

00:46If Susie homeowner defaults on her mortgage, we'll guarantee to pay it off ourselves. Well,

00:53that sounds great to the bank, so they make the deal. And now when the homeowner makes her mortgage,

00:58payment each month, the bank gives a little bit of the interest to the insurance company in payment

01:05for the credit default swaps guarantee. The bank's profit is a little bit lower, but that's okay

01:11because their risk is lower too. So what could possibly go wrong here? Well, what if there were

01:20trillions of dollars in credit default swap arrangements covering all kinds of bonds and other debt?

01:26And what if just a few giant financial firms were on the hook for all that money? What if they didn't

01:34have enough capital set aside to cover themselves if the economy fell apart? And then what if the

01:41economy fell apart? Of course, that's exactly what happened in 2008. And of course, the American

01:49taxpayer stepped in with trillions in cash to keep those giant financial firms afloat.

01:56And what of our intrepid homeowner? Millions of them did lose their jobs, got foreclosed on, lost their

02:05homes, and got accused of being irresponsible for buying a big house and taking on a big loan.

02:11This is a problem that still has not been fixed.

02:15This is a problem that still has not been fixed.

Credit Default -Financial Education | Motivation & Money Video🔥

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