🚨Subscribe to our FREE Finance & Business Newsletter🚨 Financial News You Can Finally Use: http://bit.ly/M2FreeNewsletter
Hertz, the car rental company, filed for Chapter 11 bankruptcy. This is going to hurt the auto industry, the car suppliers, and the used car market because Hertz was the second largest car rental company in the United States.
Subscribe To Our Channel: http://bit.ly/M2YouTube
Recommended:
Things You NEED To Understand About The New Economy: https://www.youtube.com/watch?v=Ziya5w6BELg&list=PLKsS_EjCEmdpTPQF64uDehmbsuHkB5P-i
Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK
Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef
Hertz Goes BANKRUPT – How This Hurts Used Car Prices & Car Makers (GM, Chrysler, Ford)
0:25 – After 100 years in the industry, Hertz declared bankruptcy
1:!5 – What Hertz going into chapter 11 bankruptcy means
2:05 – Why Hertz couldn’t compete against Uber or Lyft
3:40 – How the 2020 pandemic pushed Hertz over the edge into bankruptcy
5:13 – How the Hertz business model works
5:30 – Why the auto industry will be hurt by Hertz going bankrupt
6:47 – If the auto industry it hurt, the supply chain will get hurt with auto suppliers not being able to sell their products
7:30 – How the used car market is getting hurt
9:45 – There were 45,000 Hertz owners on Robinhood who now are losing money on their investment
10:23 – How this bankruptcy will hurt banks and lenders
What Is The Minority Mindset?
We are a financial news & education company. The Minority Mindset has nothing to do with the way you look. It’s the mindset of thinking differently than the majority of people. #MIH #GetMoneySmart
Check out some of our recommended products! Please note: some of the links are from our sponsors, so if you use them, we will get compensated. There’s no additional cost to you.
———-
➤ Real Estate Investing Online
1) 🏠 Fundrise – Invest in real estate with as little as $500! See the historical returns here:
http://bit.ly/InvestFundrise
———-
➤ Best Online Savings Account
2) 🏦 CIT Bank – Get a much better interest rate on your savings account with no fees. CIT Bank is FDIC Insured and conditions apply:
http://bit.ly/CITsavings
———-
➤ Active Stock Market Investing
3) 📈 Webull – Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock
———-
➤ Passive Stock Market Investing
4) 💰 M1 Finance – Pick a few ETFs and stocks, then let M1 Finance invest your money automatically:
https://bit.ly/M1FinanceStocks
———-
➤ Loans & Refinancing
5) 💸 Credible – Get the lowest interest rates possible on your loans – see how much you can save:
Student Loan Refinance: https://bit.ly/m2RefinanceLoan
Mortgage Refinance: https://bit.ly/MortgageRefiCredible
Getting A New Mortgage: https://bit.ly/MortgagePurchaseCredible
———-
➤ Home & Life Insurance
6) 🛡 Policygenius – make sure your family is protected with life insurance & home insurance. Policygenius will find you the best deal at no cost to you:
Get a free life insurance quote: http://bit.ly/PolicyGenius
Get a free home insurance quote: https://bit.ly/m2HomeInsurance
———-
➤ Car Insurance
7) 🚗 CarInsurance.com – See how much you can save on your car insurance with a free quote:
https://bit.ly/m2carinsurance
———-
➤ Credit Cards
8) 💳 Credit cards are great if you know how to use them the right way. Here’s a breakdown of our favorite cards:
Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/
Best travel credit cards: https://theminoritymindset.com/travel-credit-card/
Best business credit cards: https://theminoritymindset.com/business-credit-card/
https://bit.ly/m2carinsurance
———-
Twitter: https://www.Twitter.com/MinorityM1ndset
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/Fkd1Ei2kNDE
Channel: https://www.youtube.com/MinorityMindset
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated – but there’s no additional cost to you.
DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
source