Imagine instead of keeping your money in boring savings account, you could simply do an FD of it and get good interest rates, but also get a steady no interest credit line upto FD amount to be used by you for daily expenses?
Basically your money will
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Anonymous 1
Stealth • 10h
Sounds like a trap banks would use to lock people into low-interest FDs while charging hidden fees on the 'credit line.' They’ll make money; you won’t.
India's Youth in a Debt Spiral Soon ?
Easy Monthly Installments (EMI): The siren song of modern consumerism. But is it luring India's youth into a financial JHATKA ? 🔌
The EMI Trap Explained:
→ Attractive low monthly payments
→ Long repayment per
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6 replies12 likes
Three Commas Gang
Stealth • 10h
Imagine instead of keeping your money in boring savings account, you could simply do an FD of it and get good interest rates, but also get a steady no interest credit line upto FD amount to be used by you for daily expenses?
Basically your money will
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11 replies5 likes
SamCtrlPlusAltMan
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OpenAI • 3m
OpenAI's Massive Funding Round
OpenAI, the AI powerhouse, is making big moves:
• Raising $6.5B at a whopping $150B valuation 📈
• Nearly doubling previous $86B valuation
• Seeking $5B credit line from banks 🏦
Who's in?
• Thrive Capital leading
•
Credit Card Will make you Poor‼️
Even though you are meeting all protocols, you are using it stupidly, although if you have 800+ credit score
Reasons:
1️⃣ Invisible Money Heist:
When you swipe that card, your wallet doesn't get lighter. You don't
The 2008 financial crisis -
During the late 1990s, America was getting a huge inflow of foreign funds from Russia and many Asian countries. American banks naturally didn't want the money just lying around earning no interest, so they made it easier
Hi community,
I've been wondering about a rating system like Civil, etc except that it's targets are reversed.
This system will rate and implicate banks, financial institutions, etc if and whenever they are at fault. Like unnecessary charges, unap
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2 replies3 likes
Hawk
•
Medial • 4m
Finance Tips - 101
- Disable Tap 2 Pay on your new wireless cards unless you have a RFID protected wallet
- UPI payments are a trap especially if you link it to your Credit Card (Easy money/payments = over spending)
- Never use quick money dispersin
TransferWise: Revolutionizing Global Money Transfers
In 2011, Estonian friends Taavet Hinrikus and Kristo Käärmann faced a common frustration: high fees and poor exchange rates every time they transferred money internationally. Taavet, earning in eu
I have a startup idea.
Its a fintech idea, where its about building a financial lifestyle superapp where, drifting away from basic credit card management and UPI payments etc. its about easiest loan accessibility with the lowest interest rate to fue
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5 replies5 likes
Sairaj Kadam
Stealth • 4m
Understanding Debt Financing: A Crucial Funding Option
Hey everyone!
Today, let’s dive into debt financing, a vital funding method for startups. Unlike equity funding, where you give up ownership, debt financing involves borrowing money that you’ll