• _sideffect@lemmy.world
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    8 months ago

    I saw a youtube video yesterday about a bank executive explaining banks in a humorous way, and the best line was

    “you don’t need to afford the item, you need to afford the interest payments OF the item”

    • hansl@lemmy.world
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      8 months ago

      He’s not wrong, but this comes off as “it’s only a banana Michael”. If he’s talking about a house, then yes. If he’s talking about groceries, that adds up quickly. Don’t just pay interests on everything.