The iPhone Debt Crisis - Should You Finance Your Cell Phone

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . 28 million Americans have stated that it is worth going into credit card debt to buy the new iPhone - here's why this is creating the new iPhone debt crisis Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: http://bit.ly/m2InvestingeBook The New iPhone Debt Crisis 0:38 - 28 million Americans are willing to go into debt to get the new iPhone | WalletHub study 1:45 - Diagramming what it looks like to finance a new iPhone 2:19 - Your cell phone is an expense, a liability. Your phone is not an investment 3:07 - Story of when the new iPhone comes out 4:05 - Average household debt in America from Federal Reserve 5:51 - What you should do instead of financing a new iPhone so you can avoid more consumer debt What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialLiteracy Twitter: @M2JaspreetSingh Personal Instagram: @M2JaspreetSingh Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/IVBFHE3sFhk Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh