WHAT IS ONE BAD FINANCIAL DECISION THAT

@justmoneyish

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SoundTikTok sound · Night Trouble

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+76.5K views over 33.0d · ~2.3K/day · 4 observations

Promoted product

Cadillac CTS

Why it worked

The video works because it taps into a common regret and provides a relatable cautionary tale about the long-term financial consequences of financing depreciating assets like cars at a young age. The direct, conversational style and clear explanation of the financial impact make it easily digestible and shareable.

Summary

The interviewee shares that financing a car when young was a bad financial decision. He financed a 2016 Cadillac CTS, which, despite being fast and affordable, led to high monthly payments and insurance costs, draining his bank account. He eventually sold the car but still owes money on the loan.

Structure

1Question about a bad financial decision
2Answer: Financing a car when young
3Specific car: 2016 Cadillac CTS
4Explanation of financial burden (payments, insurance)
5

Original caption

Young man regrets financing a car at a young age because he says it’s not worth it #publicinterview #streetinterview #life #car #cadillac

More from @justmoneyish

Product placement

Cadillac CTS: acts - the interviewee financed this car when he was young, and it led to financial difficulties. Removing it would change the story. Jeep Cherokee: acts - the interviewee currently drives this car, and it is presented as a more reliable and less financially burdensome option than the Cadillac. Removing it would change the current situation described.

On-screen text

WHAT IS ONE BAD FINANCIAL DECISION THAT LIFE DUDE FINANCE A YOU'RE YOUNG IT'S A BAD MOVE IT IF WHAT KIND DID YOU GET GOT A 2016 CADILLAC CTS WHY'D COOL CAR IT'S FAST IT WAS AFFORDABLE TOO THE SAME I WOULDN'T FINANCE A CAR UNDER ANY CIRCUMSTANCE PAYMENT LOOKING UM I PAYMENT BAD IT MAYBE 2 50 A MONTH BUT INSURANCE ON TOP IS 50 AND LIKE FIVE SIX YEARS UP AND YOUR BANK ACCOUNT THAT'S NOT IT'S LIKE $500 A MONTH YEAH BUT WHEN YOU'RE YOU DON'T OUT OF AND YOU'RE GONNA HAVE TO HAPPEN TO YOU NO MY POPS STARTED CHARGING SO IT'S COULDN'T REALLY CAR ANYMORE WHAT AM I GONNA GOT IT LIKE THAT SO YOU CAN PAY YEAH EXACTLY AND IT'S I GOT ENOUGH FOR FOR RENT OTHER SO TO THIS DAY NO NO I GOT RID AND I'M STILL ON CAUSE OF THAT CAR YEAH I SOLD I LOST ON THE SO NOW I STILL BACK DON'T EVEN OWN PAY THE LOAN BACK DAMN THAT'S CRAZY GOT YOU MORE THOUGH THAT'S TRUE I DON'T DOWNGRADED THE GOTTA PAY SO DAMN KIND OF CAR DO I GOT A 2000 JEEP CHEROKEE SO IT'S CAR IT'S RELIABLE WANTED THOUGH HAY I HONESTLY KNOWN BACK NOT FINANCE WHEN I WAS YOUNG I WOULD HAVE STUCK YEAH JUST USE TO GET LIT SO THAT'S WOULD HAVE DONE THAT'S THAT'S A BAD KIND OF GETTING LIT NO GOOD INVESTMENT TO GET OH YEAH COME ON YOU MAKE YOUNG WORRY ABOUT THE FINANCES ALL THE CRAZY I DID WHAT ARE WE IT'S LIKE YOU'RE SPENDING HUNDREDS OF BUCKS A MONTH IT'S NOT WORTH IT YEAH YEAH

Transcript

What is one bad financial decision that life dude? Finance a you're young. It's a bad move. It? What kind? Did you get? Got a 2016 Cadillac CTS. Why'd you get that one? Cool car. It's fast. It was affordable too. The same. I wouldn't finance a car under any circumstance. Payment looking? Um, I payment bad. It maybe 250 a month, but insurance on top is 50 and like five, six years, up and your bank account. That's not. It's like $500 a month. Yeah, but when you're, you don't out of and you're gonna have to happen to you. No, no, but my pops started charging rent. So it's couldn't really car anymore. What am I gonna do? Got it like that. So you can pay? Yeah, exactly. And it's I got enough for rent. Other so. To this day? No. No, I got rid and I'm still on cause of that car. Yeah. I sold it. I lost on the. So now I still back. Don't even own pay the loan back. Damn, that's crazy. Got you more though. That's true. I don't downgraded the. Gotta pay. So damn. Kind of car do. I got a 2000 Jeep Cherokee. So it's car, it's reliable. Wanted though? Hey, I honestly known back not finance when I was young. I would have stuck. Yeah. Just use to get lit. So that's would have done. That's that's a bad kind of. Getting lit? No. Good investment. To get? Oh yeah. Come on, you make young worry about the finances. All the crazy I did. What are we? It's like you're spending hundreds of bucks a month. It's not worth it. Yeah, yeah.