Episode Transcript
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Speaker 1 (00:02):
It's that time, time, time, time, Luck and load. Michael
Vari show is on the air.
Speaker 2 (00:13):
Right to remain silent. Anything you say can and will
be used against you in a court of law. You
have the right to speak to an attorney and have
an attorney president during any questioning. If you cannot afford
an attorney, when will be provided for you.
Speaker 1 (00:27):
At the government's expense.
Speaker 2 (00:28):
Do you understand these rights as I've just recited them
to you.
Speaker 3 (00:31):
No precedents for taking a judge in this manner, and
I want to be really clear that what Judge Dougan
apparently did was what all of us should be doing,
and that is standing out for folks in our communities
who need support right now against the Trump regime more
than ever.
Speaker 2 (00:47):
I got Stride Stride for around my shoulder.
Speaker 1 (00:52):
I got James. James. It's about that time of year again.
I should I should really.
Speaker 4 (01:06):
Keep a list of these sorts of things so I
don't have to spend an hour out back dictating and
then editing because it doesn't get it perfectly right, but
it's better than trying to type it all out. It's
that time of year where college kids are graduating from college,
(01:26):
law school, whatever, they're doing, and younger folks are looking
for a summer job or an internship, and so I
usually speak to this on the air. I hadn't written
about it in quite a while, but because I had
received several emails from parents, I thought I would use
(01:49):
this occasion to give you my advice on this.
Speaker 1 (01:53):
You can take it or leave it.
Speaker 4 (01:55):
This will be posted to the it's on the Facebook
page now, and it will be sent out on the
Daily Blast, which you can subscribe to. It's free. It's
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(02:16):
is at Michael Berryshow dot com. If you sign up
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or get Michael's Daily email. Forget what it says, but
you'll get This will be included in Today if you
would like to share it with someone else.
Speaker 1 (02:30):
And it goes like this.
Speaker 4 (02:32):
It's that time of year when I get a lot
of emails asking for help for people's kids finding a
job because they're graduating, or for their kids finding a
summer experience like an internship or a job. I'm going
to offer some advice based on decades of doing this.
I dictated this message and what should have probably been
(02:53):
by Ford? Based by Ford, what and the hell.
Speaker 1 (02:57):
Did I even write?
Speaker 4 (02:58):
I dictated this message no Stone cls over and what
should have probably been by Ford based on whether someone
is in school seeking a summer experience or graduating seeking
a permanent job.
Speaker 1 (03:08):
I have no idea what I meant there.
Speaker 4 (03:10):
Oh, I know what I meant to say is some
of this advice is for kids that are not graduates,
and some of it is for people looking for a
permanent job, and so it applies differently. Okay, so some
of this won't apply depending on the situation. Please understand
that I cannot reply to every email or help every person.
When I spot cases where I can, I will. I
(03:30):
expect people who reach out and ask for help to
look at their emails for the response, and to jump
on the issue immediately. Otherwise don't ask. It shocks me
how many people will send an email asking for help
or guidance, and a week later you go, oh, I
don't realize you'd respond. You'd responded. I understand you may
not check your email very often, but what never mind?
(03:53):
Number one, your child should send the message, not you,
and I could have put in prints mama, because ninety
nine percent of the time it's mama's. I know you
love your baby, but you're going to push your baby
out there. You want your kid to go to work
or to have an experience, have your kid write the email.
You can't do that for your child, do you realize
(04:14):
how that looks. He's seventeen. If they are a minor,
have them copy you, because I don't want to communicate
with miners without their parent present. So if your kid
wants to write me an email, and it should come
from the kid, not you, have them copy you because
I'm not going to reply directly to a child unless
there is a parent copy. That should be your policy
when they communicate with any adult. Number two, whatever request
(04:37):
is being made should be in the subject line and
in the opening sentence. For example, I'm looking for a
permanent job in Houston. I'm graduating from Baylor with a
business degree next month. I can start June first, or
I'm a seventeen year old junior at Milby High School
looking for an unpaid work experience from June one to
June fifteen, and engineering preferably on the east or South
side of Houston. That is an important art that most
(05:02):
people never learn. When you are sending an email to
anyone from whom you want something, but especially a highly
busy person a CEO, for instance, don't send an email
where they have to ask you eight questions. You're the
one seeking something, not then I.
Speaker 1 (05:19):
Like any turks?
Speaker 2 (05:20):
Yep?
Speaker 1 (05:21):
Okay? When where do you need to get paid? How
old are you?
Speaker 4 (05:25):
These are things that if people would take a moment
before they hit the send button and think to themselves,
all right, I've drafted this, now let me read it.
What would I think? What questions might I have if
I was receiving this. Number three, provide every background detail
anyone would need to know in the brief opening message.
(05:49):
Anticipate the obvious questions and answer them without waiting to
be asked.
Speaker 1 (05:54):
Number four.
Speaker 4 (05:55):
If you don't need to make money, go for an
experience some there's a great time to grow. Be willing
to do interesting things. Number five add value to the company.
I've driven forklifts, hauled bricks, painted, answered phones, delivered inner
office mail, and lots more. It gave me stories to
tell for the rest of my life. Number six, don't
(06:16):
be afraid to work a hospitality job. This industry hires quickly,
sometimes on the spot. Be ready to wash dishes or
sleep floor or sweep floors. Number seven. Be early, never late,
stay beyond your shift. Turn off your damn phone. Don't
even bring it to work. Focus. Be respectful, don't gossip
(06:38):
or complain or take offense. Be clean, washed, and presentable.
Never cuss. Drop the lingo, don't add bro to every student,
to every statement, and drop like as your default space filler.
These are adults, pretend to be one. Don't go out
on nights when you have work tomorrow, I'm great. Look
for things to be done and then do them, even
(07:00):
if not assigned. Do what you're asked. Don't make excuses.
Number nine. Thank the owner for this opportunity. Constantly people
invest in people who they like. The owner who gave
you this opportunity should be an advocate on your behalf
for the rest of your career, a referral, maybe a
future employer, maybe an investor.
Speaker 1 (07:22):
Number ten.
Speaker 4 (07:23):
Act like an adult, even if you're not advocate on
your own behalf. Don't let your parents do it for you. Communicate,
ask questions, listen, make eye contact, answer questions. With sir
or madam afterward. Cosplay. If you have to pretend you're
in a movie being a professional, play the part, even
(07:44):
if that's not your natural personality.
Speaker 1 (07:46):
You'll be surprised how easy it is if you play
that character.
Speaker 4 (07:50):
Sometimes when I send my assistant Emily to negotiate something
or to handle a problem, I'm blown away how well
she does it. She explained to me years ago that
she just pretends she's me and says things that she
would not otherwise say, and she's surprised how often it
works out. I thought that was just brilliant. So now
is the time. It's late, actually, but now is the time.
(08:13):
Don't let your kids lay up the entire summer. I'm
all for sleeping in, I'm all for having some time off.
Have them do something. These are great life experience opportunities.
Speaker 1 (08:26):
This is the Michael Berry Show.
Speaker 4 (08:29):
It is believed to be an illegal alien who stole
Christy Noam's purse. Surprise, pick pocketing is the least of
that person's crimes.
Speaker 1 (08:40):
I feel certain.
Speaker 4 (08:43):
MSNBC is melting down in real time over the yard
signs of White House put out because now they can't
do their shot from their usual spot. Without those signs
being out there, because they don't want people to know
that murderers and rapists and pedophile pedophiles, not the elected democrats,
(09:04):
new pedophiles or what we're letting in. They are bad,
bad people, just no way around that. I want to
go back over this list because I think it's very important.
You know, I'm not trying to make anybody keep up
(09:24):
with the Joneses, but I will tell you that I
have run in lots of different circles rich, poor, law degrees, doctors, architects, entrepreneurs,
small business owners, family business owners, past multiple generations, some
(09:47):
folks who make a lot of money and didn't go
to college, and some people who went to school forever
and don't make a lot of money, in everything in between, pastors,
you name it.
Speaker 1 (09:57):
And fortunately a lot of people don't realize that.
Speaker 4 (10:06):
There are opportunities for you and your children that are
available that nobody tells you about unless your girlfriend tells you.
You know, I'm having my son go to work here,
having my son do this this summer. You might you
(10:27):
get so busy, especially a lot of single parents. I
get it, you're busy doing what you do, but for
your kids and grandkids. The summer is a quarter of
the year. It's more than that when you take out
Christmas and holidays of the school season. I don't want
(10:48):
to use the word get ahead because it's a very
rat race term. This applies differently to different people. I'm
just going to say this, if you think strategically about
giving a child an opportunity, you're not gonna spark anything yourself.
They have to want it, and not everybody wants to
be a billionaire or accomplished or in any way, shape
(11:12):
or form. Some people want to graduate high school, get married,
have a baby, and be a wonderful mom.
Speaker 1 (11:17):
And I love that I do.
Speaker 4 (11:19):
But for those who are trying to figure out, because
I'm going to tell you we are about we are
well into a moment in American life. And this can
either depress you or motivate you.
Speaker 1 (11:36):
You choose.
Speaker 4 (11:39):
We are seeing more people added to the Forbes Billionaire
list at a faster rate than we ever have and
I'm going to tell you why that is. AI is
changing everything. Now, if your answer to that is to
be mad, that's not that's okay.
Speaker 1 (11:59):
It's not going to bode well for you.
Speaker 4 (12:02):
What's going to happen is that people who have a
company that's profiting a few million dollars because their biggest
cost is labor, they're going to be able to replace
a lot, not all, but a lot of the people
in their offices, invoice clerks, payments, receivable accounts, payable HR compliance,
(12:29):
a lot of things are going to be replaced by
clever coding. Now, for every ten jobs that's lost, it's
going to open up one or two, maybe more in
that code software. And there are going to be people
who are going to transition into coding because they're going
(12:49):
to understand that's the future. Just like there were people
who understood that electrical wire is going to need to
be pulled when construction occurs. Once they saw the electricity
thing coming and that looks like that people are going
to use that. Well, they were people who were left
out of that. The choice you're going to have to make,
and many people are self defeating. They're going to just
(13:09):
say I don't like that, I'm not going to do it,
and it's the end of the world, and that's the
world economic No, no, no, that's not that's not This
is whether we like it or not. This is what
would be called progress and you're not going to slow
it down and you're not going to stop it. So
what you're going to witness is a lot of what
(13:30):
we consider to be the middle class. The beauty of America,
particularly most white Americans and some Black Americans, is that
most people think.
Speaker 1 (13:42):
They're in the middle class.
Speaker 4 (13:44):
There are working class people who are not in the
middle class, but the good news is they believe they are.
The middle class is a very expansive thing for them.
It's good to believe you live in the American dream,
even if you're struggling, even if you have it much harder,
even if your trajectory is ten years from now, you're
losing ground every day. Inflation is taking your money. Every
(14:09):
single day you put your money, you put ten thousand
dollars in a savings account, and in ten years you're
going to have effectively far less than ten thousand dollars
at the rate you're going to get relative to inflation.
So then you've got people who are above middle class.
(14:29):
And the French and Germans have words for these, for
this sector of society, but they also believe they're middle
class because they don't want to be bourgeoisie. They don't
want to be a step above. They don't want to
be the poor rich people, right. They prefer to themselves
think of themselves in that big swell. So we think
of American society as a bell curve, and to some
(14:52):
extent that's true. And I'd have to look at the
numbers more. But let's say joint income. And this was
why women had to go back to work. Why women
went to work because they didn't want there to live
on their husband's forty thousand.
Speaker 1 (15:05):
They wanted to double their forty thousand to eighty.
Speaker 4 (15:08):
A cop and a firefighter, a secretary and a teacher,
people can get over one hundred thousand dollars. Hell, that's
practically the working part today. It is bystands, particularly if
you live in a big city, particularly if you live
in the big city where real estate crunches you in.
The real estate taxes, and nobody's talking about the real
estate taxes. Real estate taxes are the biggest issue I
(15:32):
hear about right now.
Speaker 1 (15:33):
It is horrible.
Speaker 4 (15:35):
So what's going to happen is that all of those
jobs that especially two income families or single moms were
holding in an office environment, they're going away. They are
not going to be here and it's going to happen.
It's going to give you whiplash, breakneck speed. It is
happening right now. The coding is being done right now.
(16:00):
Is that is done and as it is implemented, the
NBA's are going to come in private equity groups and
they're going to buy out more and more of these
companies and they're gonna consolidate them. It's whether it's a
roll up, there's there's a lot of different entities you
can use to do this, but you see this, the
family owned plumbing company, the family owned electrical company, the
(16:21):
family owned restaurant. For that money, they're going to replace
all of those those jobs in the office of clerical
jobs with AI overnight, and those.
Speaker 1 (16:31):
People are ill equipped to find another job. We are
about and that that goes to what your kids should
be doing this summer. Hold on, it's cleans key, it
clings key. It's done for a girl and the boy.
I like lac Aberry show.
Speaker 4 (16:51):
The world is coming at you fast, and you've got
to make decisions that are going to put yourself. You've
got to help your children make decisions that are going
to put them in a position to succeed. However, you
define succeed. I've known people to live in trailer parks,
(17:15):
drive no beat up truck.
Speaker 1 (17:18):
That they're making notes.
Speaker 4 (17:19):
On, mind you, because they've bought it on a used lot,
have no health insurance, and they find happiness. If that
is success for you, so be it. I know people
who are extraordinarily wealthy and they're not happy. I don't
(17:40):
know where success lies for you. I am going to
tell you what I believe is happening, and it's happening fast,
and that is that the world is changing faster, much
faster than it ever did. And we are we are
about to witness many of you've already seen it. The
(18:04):
speed with which technology is transformative in our lives has
gone from a generation or more. You think Big Blue
and IBM back in the day, the big master of computer.
That was the writing on the wall. But you could
start and end your career before technology replaced you if you.
Speaker 1 (18:25):
Did it right. That is no longer going to be
the case.
Speaker 4 (18:30):
And so what we're going to witness is the people
in control of capital, say private equity.
Speaker 1 (18:38):
Buying these h back companies.
Speaker 4 (18:42):
Listener sent me an email Chris sits rights from the
Wall Street Journal. Private equity investors have purchased nearly eight
hundred HVAC plumbing and electrical companies since twenty twenty two alone.
That's three years according to data from Pitchbook eight one
hundred h fact plumbing electrical companies. Now, what that means
(19:06):
a lot of mom and pop's just got rich. Nobody
thinks about that. When I was on city Council, there
was a state rep who was trying to get paid
by Bob Perry if Perry Holmes and did did get paid. Actually,
and what he said. He went from saying we need
Starbucks in the hood. We don't have no Starbucks in
(19:27):
the hood. We don't have grocery stores in the hood,
we don't have nothing nice in the hood.
Speaker 1 (19:32):
Because he's been his whole life racism, racism. You see
these people.
Speaker 4 (19:37):
I mean, if Pete Hegseath steps down as Secretary of Defense,
I'm not suggesting you should. There are real legitimate rumblings
in the Department of Defense. I think Trump is losing patience.
But whatever happens there, that be that as many. If
(19:58):
he does, the room candidate to replace him is Wesley Hunt.
And my understanding is that's who the president wants, which
wouldn't surprise me. Wesley's a West Point Guy's a helicopter pilot.
He's a very likable guy. He's a he's a striking uh.
He has a striking profile as a smart conservative black
(20:21):
man from Houston elected in a white district.
Speaker 1 (20:25):
You know this ain't Lloyd Austin. How about that?
Speaker 4 (20:29):
Anyway, when this particular state rep a Democrat, there are
always Democrats who do this was criticizing Bob Perry for
coming into the hood. He was saying that they're gentrifying
the hood. So let's get this straight. You want the
(20:49):
poor black neighborhood of Third Ward to have nice things
that poor people can't afford. You want the poor black
neighborhood of the third Ward and beyond to have nice
things and lower crime and all of these things.
Speaker 1 (21:09):
But you don't want anybody.
Speaker 4 (21:11):
Moving in that can afford to eat at those places
and drink at those places and buy groceries there.
Speaker 1 (21:18):
Because I have news for you. The little old lady,
the little old.
Speaker 4 (21:22):
Lady, poor black lady that's raising her her kids, that
raised her kids. Now she's raising her grandkids and her
great grandkids, and she's just trying to stay alive long.
Speaker 1 (21:29):
Enough to get them out of high school.
Speaker 4 (21:30):
She can't afford to eat at the grocery store or
buy groceries at the stores. You want the high end,
a cheap what's the high end, agib called, there's a
term for it. They got a fancy term for like
there's there's pantry, which is a small one, and they
got a cheap what central market. They want these things
to come into the hood. Nobody there will shop there.
(21:53):
If you look at the uh Paul Jacob of Jacob's Barbecue,
he says, photos of the people who come in to
to eat there, ninety five percent of them are white.
All the people that came because we talked about it,
Will Michael, all your listeners are white. Not true, Absolutely
not true. That story got out, That story was out
(22:17):
on KPRC, That story was out in outlets that don't
listen to the show. If you look at who is
stepping up to help him, well that might be a
money question.
Speaker 1 (22:28):
I don't know.
Speaker 4 (22:30):
But here's the point I was trying to make is
they didn't want Bob Perry or Perry Holmes to come
in and buy off these old homes and build town
homes that white gays and dinks, the double income no
kids would move into. They didn't want that. But what
nobody talked about was Rose of Mae Jones and Venita
(22:56):
Smith had houses that they were able to sell at
a premium.
Speaker 1 (23:03):
Nobody wanted to buy that house. Nobody could buy that house.
Speaker 4 (23:06):
So they had a little shotgun shack and they got
paid more than it would have been worth otherwise. And
you know what that did to the people on either
side of them. It raised their values. If you're able
to hold out and be the last one left. Bob
Perry didn't want to build ten townhomes in a row
and number five in the middle be a shack looking
(23:30):
like the front porch of Boys and Hood. So you're
gonna you're the holdout. You're gonna get top dollar. Nobody
talked about the wealth transfer that occurred from that company
to these mostly little old lady black owners that bought
(23:50):
these houses years ago and put down one hundred dollars
on it that they could barely put down on a
thirty year mortgage till they paid it off and raised
more generations. Now they're getting a nice chunk of change
that'll take care of them for their retirement. Now we
talked about that well transfer. See, people don't think in
terms of wealth transfer. People don't think in terms of
(24:12):
who was helped. All they see is we got a
nice black neighborhood with just a bunch of black people
walking around here shooting each other, and you're gonna take
it away from us.
Speaker 1 (24:20):
Where we gonna go to shoot each other.
Speaker 4 (24:22):
Well, there's a lot of people that wanted out of there,
and a lot of people want a top dollar for
their house and they can find another place to live
somewhere else, and this neighborhood will change.
Speaker 1 (24:32):
Right.
Speaker 4 (24:33):
Well, there's a lot of mom and pops in one
generation that are gonna have money. Now if that wealth
transfer from private equity to these mom and pop shops,
If all that occasions is people get a nice place
on Lake Austin or a nice place on Lake Travis
(24:53):
or Hershey Bay and a nice house in the country
and they buy their they give their kids a down
payment on the house because they'll give the kids a
grand kid, and they set up an education trust fun.
If that's all that happens with that well transfer, that's
going to be a net loss to society. And we'll
tell you because that's a one time, opportunity for people
(25:15):
to change, to create generational wealth and not just get
a new boat.
Speaker 1 (25:24):
Get closing time. When you're listening to the Michael Berry.
Speaker 4 (25:27):
Show, I'm not trying to depress you with my vision
of what's going to happen. But by the same token,
I think a lot of people need to wake up
and realize what's happening. The writing is on the wall
these mom and pop shops, which is where you most
(25:49):
want to work. You want to work where the owner's there.
You know, you watch his kids grow up, Your kids
come to the office and knock around. Maybe once a month,
his wife hosts a backyard barbecue.
Speaker 1 (26:03):
And everybody goes over. And this is a family place.
This is a nice place to work. This is it
that is.
Speaker 4 (26:09):
Going away because the private equity firms don't do that.
They may rent out a bowling alley for some highly
contrived what is the term they use, the corporate term
that we're all bonding?
Speaker 1 (26:25):
What is that? There's there's a term for that.
Speaker 4 (26:28):
And they announced this thir What Yeah, this Thursday at six,
everybody gather, We're going to do team building. But I
think you're going to see You're going to see the
diminution of the individual and their importance in the operation
(26:48):
of a business. Going forward, you're going to have fewer employees.
You will be able to do more with fewer employees,
labor being typically the largest costs. The other thing is
going to happen. And I don't think people I don't
know why people would need to know. This doesn't affect
most people. I think office buildings, I think we're going
(27:12):
to have fewer people. Then we're gonna have a they
we have a lower need for office space in ten
years than we do today, despite that we'll have more people.
In fact, I think we'll have considerably lower that's already
occurring vacancy in office space. I'm not looking at a number.
(27:36):
I'm going by by reports I get from people in
the industry. But vacancy in office space I suspect is
higher right now than it's been since the oil bust
of the late seventies early eighties. I suspect that's true.
And a lot of offices came on line since then,
so especially your lower grade, deferred maintenance ugly office buildings,
(27:59):
they're suffering right now. A lot of that transition to
warehouse uh light industrial light industrial just means a distribution center.
And it's not just Amazon. People think it's just Amazon.
It's so much more than that. Ghost kitchens, you know,
you name it. A lot of these things, a lot
of a lot of distributors. Can't tell you how many
(28:21):
how many people I know that have somewhere between a
single unit at a self storage to an entire warehouse,
and they receive products and they manage their relationships and
then they distribute products.
Speaker 1 (28:35):
So what are you to do?
Speaker 4 (28:37):
It means that you're not going to have a job
as a clerk in ten years unless you stay with
the company you're at and for whatever reason, it the
the technology is going to hit different people harder and faster.
But it's going to happen overnight. It's going to happen overnight,
Like I guess, best example I can think of immediately
(28:59):
is the Me Too movement, Titans of comedy, movie politics,
who couldn't be touched. All of a sudden boom, they
were done, they were finished, that didn't exist anymore. That
movement happened overnight. And what's going to happen is that companies,
(29:21):
investors are going to grow way richer because it's scalable
now So the greatest inability to grow and prosper for
equity right now is the limitation on human beings in
(29:42):
every industry. You ask, as I do every day a
restaurant owner, what's your biggest challenge?
Speaker 1 (29:48):
People?
Speaker 4 (29:48):
They can't get people, I can't get them. I know
people that own franchises. God help you, God help you.
If you saw what's coming through the door to go
to work there, I mean, you're lucky. If they only
have a couple felonies, if they can write their name,
if they don't smell like a sewer plant.
Speaker 1 (30:10):
Sewage or sewer sewage.
Speaker 4 (30:14):
Yeah, if they can speak English with basic proficiency and
they were born here. These are the kind of realities
we're seeing. And what you're going to see us plunged
into is a third world type standard where you've got
the really rich and they're really poor, and then you're
going to have a lot of displaced people in the
(30:35):
middle displaced in the way that manufacturing jobs were lost
for several generations. You're going to have people lose their
jobs that couldn't imagine losing their jobs, and they're not
going to be replaced by a human being. It's a
dirty little secret and there's no reason for you to.
Speaker 1 (30:52):
Get mad at it. It's reality. It's like arguing with gravity.
Speaker 4 (30:56):
When private equity buys a company, they do not that
company because they think it's really nice, and they want
to tell people they own that company and we're going
to keep things exactly the way they are. Some people
will say they are they bought that company to make money,
and by the way, you can't tell me you'd like
to make more money and then be mad at other
people trying to make more money. Everybody's trying to make
(31:17):
more money. Private equity figured out how to go in
and find undervalued businesses.
Speaker 1 (31:27):
That give that business.
Speaker 4 (31:29):
A premium over what they believe their business was worth,
and still ring out multiples of that.
Speaker 1 (31:35):
Because what you start doing is you come in and
you go.
Speaker 4 (31:38):
Oh, they don't have good inventory control, they have a
lot of waste, they have too many people. They're going
to find ways to cut before they ever look to grow.
The first thing you do is cut. It's much easier
to cut expenses than it is to grow revenues. Every
business owner will tell you that the fastest easiest thing
(32:00):
you could do is cut expenses. Growing revenues. That's hard,
but you could walk into any business, any business in America,
and cut, depending on the business, ten percent and not
feel a difference, and put ten percent to the bottom line,
and more businesses would would survive if they did make
more cuts, if they were more lean, if they judiciously
(32:26):
guarded every penny. So what is this is transition from
advice for your kids to advice to you. So let
me just say this with regard to advice to you,
if your skill is you're a nice person, and you're
under the age of fifty, I would learn some hard skills.
(32:46):
I would learn at least basic proficiency in computer programming,
because one way or another, that's going to be a
great need. And I would start, well, that's a bigger
conversation for another day. Let me talk about your kids.
Speaker 1 (33:06):
This summer.
Speaker 4 (33:08):
While your kids are doing what they always do, sitting
home playing video games, and you're at work, and you
haven't given thought to and you just call and make
sure they're not getting in trouble, they are missing out
on opportunities to meet people, to interact. I hate the
word network, but that's the word. They are missing out.
Stick them at a company answering the phone, Stick them
at a company hauling stuff. I worked one summer for
(33:31):
Homemade my No Time Homan, my buddy Craig McCay's dad.
He was a brick MASONY had a masonry company and
we hauled bricks and so at the end of every
day I was so exhausted but so proud he paid
me in cash every day.
Speaker 1 (33:48):
It's a life experience.
Speaker 4 (33:50):
You know, somebody has a business, and don't get caught
up in whether a kid.
Speaker 1 (33:54):
Makes money during the summer.
Speaker 4 (33:55):
Nobody wants to pay your kid money because they're not
adding enough value to make it make sense.
Speaker 1 (33:58):
That's a donation if they do that charity.
Speaker 4 (34:01):
Don't let your kids sleep in, stick them in a
in a corporate environment, in a business environment to start
making friends.
It's that time, time, time, time, Luck and load. Michael
Vari show is on the air.
Speaker 2 (00:13):
Right to remain silent. Anything you say can and will
be used against you in a court of law. You
have the right to speak to an attorney and have
an attorney president during any questioning. If you cannot afford
an attorney, when will be provided for you.
Speaker 1 (00:27):
At the government's expense.
Speaker 2 (00:28):
Do you understand these rights as I've just recited them
to you.
Speaker 3 (00:31):
No precedents for taking a judge in this manner, and
I want to be really clear that what Judge Dougan
apparently did was what all of us should be doing,
and that is standing out for folks in our communities
who need support right now against the Trump regime more
than ever.
Speaker 2 (00:47):
I got Stride Stride for around my shoulder.
Speaker 1 (00:52):
I got James. James. It's about that time of year again.
I should I should really.
Speaker 4 (01:06):
Keep a list of these sorts of things so I
don't have to spend an hour out back dictating and
then editing because it doesn't get it perfectly right, but
it's better than trying to type it all out. It's
that time of year where college kids are graduating from college,
(01:26):
law school, whatever, they're doing, and younger folks are looking
for a summer job or an internship, and so I
usually speak to this on the air. I hadn't written
about it in quite a while, but because I had
received several emails from parents, I thought I would use
(01:49):
this occasion to give you my advice on this.
Speaker 1 (01:53):
You can take it or leave it.
Speaker 4 (01:55):
This will be posted to the it's on the Facebook
page now, and it will be sent out on the
Daily Blast, which you can subscribe to. It's free. It's
six days a week, Monday through Saturday. We never sell
or share your email address. You can buy our merch
there and you can send me an email directly. That
(02:16):
is at Michael Berryshow dot com. If you sign up
for it'll say sign up for the Daily e Blast
or get Michael's Daily email. Forget what it says, but
you'll get This will be included in Today if you
would like to share it with someone else.
Speaker 1 (02:30):
And it goes like this.
Speaker 4 (02:32):
It's that time of year when I get a lot
of emails asking for help for people's kids finding a
job because they're graduating, or for their kids finding a
summer experience like an internship or a job. I'm going
to offer some advice based on decades of doing this.
I dictated this message and what should have probably been
(02:53):
by Ford? Based by Ford, what and the hell.
Speaker 1 (02:57):
Did I even write?
Speaker 4 (02:58):
I dictated this message no Stone cls over and what
should have probably been by Ford based on whether someone
is in school seeking a summer experience or graduating seeking
a permanent job.
Speaker 1 (03:08):
I have no idea what I meant there.
Speaker 4 (03:10):
Oh, I know what I meant to say is some
of this advice is for kids that are not graduates,
and some of it is for people looking for a
permanent job, and so it applies differently. Okay, so some
of this won't apply depending on the situation. Please understand
that I cannot reply to every email or help every person.
When I spot cases where I can, I will. I
(03:30):
expect people who reach out and ask for help to
look at their emails for the response, and to jump
on the issue immediately. Otherwise don't ask. It shocks me
how many people will send an email asking for help
or guidance, and a week later you go, oh, I
don't realize you'd respond. You'd responded. I understand you may
not check your email very often, but what never mind?
(03:53):
Number one, your child should send the message, not you,
and I could have put in prints mama, because ninety
nine percent of the time it's mama's. I know you
love your baby, but you're going to push your baby
out there. You want your kid to go to work
or to have an experience, have your kid write the email.
You can't do that for your child, do you realize
(04:14):
how that looks. He's seventeen. If they are a minor,
have them copy you, because I don't want to communicate
with miners without their parent present. So if your kid
wants to write me an email, and it should come
from the kid, not you, have them copy you because
I'm not going to reply directly to a child unless
there is a parent copy. That should be your policy
when they communicate with any adult. Number two, whatever request
(04:37):
is being made should be in the subject line and
in the opening sentence. For example, I'm looking for a
permanent job in Houston. I'm graduating from Baylor with a
business degree next month. I can start June first, or
I'm a seventeen year old junior at Milby High School
looking for an unpaid work experience from June one to
June fifteen, and engineering preferably on the east or South
side of Houston. That is an important art that most
(05:02):
people never learn. When you are sending an email to
anyone from whom you want something, but especially a highly
busy person a CEO, for instance, don't send an email
where they have to ask you eight questions. You're the
one seeking something, not then I.
Speaker 1 (05:19):
Like any turks?
Speaker 2 (05:20):
Yep?
Speaker 1 (05:21):
Okay? When where do you need to get paid? How
old are you?
Speaker 4 (05:25):
These are things that if people would take a moment
before they hit the send button and think to themselves,
all right, I've drafted this, now let me read it.
What would I think? What questions might I have if
I was receiving this. Number three, provide every background detail
anyone would need to know in the brief opening message.
(05:49):
Anticipate the obvious questions and answer them without waiting to
be asked.
Speaker 1 (05:54):
Number four.
Speaker 4 (05:55):
If you don't need to make money, go for an
experience some there's a great time to grow. Be willing
to do interesting things. Number five add value to the company.
I've driven forklifts, hauled bricks, painted, answered phones, delivered inner
office mail, and lots more. It gave me stories to
tell for the rest of my life. Number six, don't
(06:16):
be afraid to work a hospitality job. This industry hires quickly,
sometimes on the spot. Be ready to wash dishes or
sleep floor or sweep floors. Number seven. Be early, never late,
stay beyond your shift. Turn off your damn phone. Don't
even bring it to work. Focus. Be respectful, don't gossip
(06:38):
or complain or take offense. Be clean, washed, and presentable.
Never cuss. Drop the lingo, don't add bro to every student,
to every statement, and drop like as your default space filler.
These are adults, pretend to be one. Don't go out
on nights when you have work tomorrow, I'm great. Look
for things to be done and then do them, even
(07:00):
if not assigned. Do what you're asked. Don't make excuses.
Number nine. Thank the owner for this opportunity. Constantly people
invest in people who they like. The owner who gave
you this opportunity should be an advocate on your behalf
for the rest of your career, a referral, maybe a
future employer, maybe an investor.
Speaker 1 (07:22):
Number ten.
Speaker 4 (07:23):
Act like an adult, even if you're not advocate on
your own behalf. Don't let your parents do it for you. Communicate,
ask questions, listen, make eye contact, answer questions. With sir
or madam afterward. Cosplay. If you have to pretend you're
in a movie being a professional, play the part, even
(07:44):
if that's not your natural personality.
Speaker 1 (07:46):
You'll be surprised how easy it is if you play
that character.
Speaker 4 (07:50):
Sometimes when I send my assistant Emily to negotiate something
or to handle a problem, I'm blown away how well
she does it. She explained to me years ago that
she just pretends she's me and says things that she
would not otherwise say, and she's surprised how often it
works out. I thought that was just brilliant. So now
is the time. It's late, actually, but now is the time.
(08:13):
Don't let your kids lay up the entire summer. I'm
all for sleeping in, I'm all for having some time off.
Have them do something. These are great life experience opportunities.
Speaker 1 (08:26):
This is the Michael Berry Show.
Speaker 4 (08:29):
It is believed to be an illegal alien who stole
Christy Noam's purse. Surprise, pick pocketing is the least of
that person's crimes.
Speaker 1 (08:40):
I feel certain.
Speaker 4 (08:43):
MSNBC is melting down in real time over the yard
signs of White House put out because now they can't
do their shot from their usual spot. Without those signs
being out there, because they don't want people to know
that murderers and rapists and pedophile pedophiles, not the elected democrats,
(09:04):
new pedophiles or what we're letting in. They are bad,
bad people, just no way around that. I want to
go back over this list because I think it's very important.
You know, I'm not trying to make anybody keep up
(09:24):
with the Joneses, but I will tell you that I
have run in lots of different circles rich, poor, law degrees, doctors, architects, entrepreneurs,
small business owners, family business owners, past multiple generations, some
(09:47):
folks who make a lot of money and didn't go
to college, and some people who went to school forever
and don't make a lot of money, in everything in between, pastors,
you name it.
Speaker 1 (09:57):
And fortunately a lot of people don't realize that.
Speaker 4 (10:06):
There are opportunities for you and your children that are
available that nobody tells you about unless your girlfriend tells you.
You know, I'm having my son go to work here,
having my son do this this summer. You might you
(10:27):
get so busy, especially a lot of single parents. I
get it, you're busy doing what you do, but for
your kids and grandkids. The summer is a quarter of
the year. It's more than that when you take out
Christmas and holidays of the school season. I don't want
(10:48):
to use the word get ahead because it's a very
rat race term. This applies differently to different people. I'm
just going to say this, if you think strategically about
giving a child an opportunity, you're not gonna spark anything yourself.
They have to want it, and not everybody wants to
be a billionaire or accomplished or in any way, shape
(11:12):
or form. Some people want to graduate high school, get married,
have a baby, and be a wonderful mom.
Speaker 1 (11:17):
And I love that I do.
Speaker 4 (11:19):
But for those who are trying to figure out, because
I'm going to tell you we are about we are
well into a moment in American life. And this can
either depress you or motivate you.
Speaker 1 (11:36):
You choose.
Speaker 4 (11:39):
We are seeing more people added to the Forbes Billionaire
list at a faster rate than we ever have and
I'm going to tell you why that is. AI is
changing everything. Now, if your answer to that is to
be mad, that's not that's okay.
Speaker 1 (11:59):
It's not going to bode well for you.
Speaker 4 (12:02):
What's going to happen is that people who have a
company that's profiting a few million dollars because their biggest
cost is labor, they're going to be able to replace
a lot, not all, but a lot of the people
in their offices, invoice clerks, payments, receivable accounts, payable HR compliance,
(12:29):
a lot of things are going to be replaced by
clever coding. Now, for every ten jobs that's lost, it's
going to open up one or two, maybe more in
that code software. And there are going to be people
who are going to transition into coding because they're going
(12:49):
to understand that's the future. Just like there were people
who understood that electrical wire is going to need to
be pulled when construction occurs. Once they saw the electricity
thing coming and that looks like that people are going
to use that. Well, they were people who were left
out of that. The choice you're going to have to make,
and many people are self defeating. They're going to just
(13:09):
say I don't like that, I'm not going to do it,
and it's the end of the world, and that's the
world economic No, no, no, that's not that's not This
is whether we like it or not. This is what
would be called progress and you're not going to slow
it down and you're not going to stop it. So
what you're going to witness is a lot of what
(13:30):
we consider to be the middle class. The beauty of America,
particularly most white Americans and some Black Americans, is that
most people think.
Speaker 1 (13:42):
They're in the middle class.
Speaker 4 (13:44):
There are working class people who are not in the
middle class, but the good news is they believe they are.
The middle class is a very expansive thing for them.
It's good to believe you live in the American dream,
even if you're struggling, even if you have it much harder,
even if your trajectory is ten years from now, you're
losing ground every day. Inflation is taking your money. Every
(14:09):
single day you put your money, you put ten thousand
dollars in a savings account, and in ten years you're
going to have effectively far less than ten thousand dollars
at the rate you're going to get relative to inflation.
So then you've got people who are above middle class.
(14:29):
And the French and Germans have words for these, for
this sector of society, but they also believe they're middle
class because they don't want to be bourgeoisie. They don't
want to be a step above. They don't want to
be the poor rich people, right. They prefer to themselves
think of themselves in that big swell. So we think
of American society as a bell curve, and to some
(14:52):
extent that's true. And I'd have to look at the
numbers more. But let's say joint income. And this was
why women had to go back to work. Why women
went to work because they didn't want there to live
on their husband's forty thousand.
Speaker 1 (15:05):
They wanted to double their forty thousand to eighty.
Speaker 4 (15:08):
A cop and a firefighter, a secretary and a teacher,
people can get over one hundred thousand dollars. Hell, that's
practically the working part today. It is bystands, particularly if
you live in a big city, particularly if you live
in the big city where real estate crunches you in.
The real estate taxes, and nobody's talking about the real
estate taxes. Real estate taxes are the biggest issue I
(15:32):
hear about right now.
Speaker 1 (15:33):
It is horrible.
Speaker 4 (15:35):
So what's going to happen is that all of those
jobs that especially two income families or single moms were
holding in an office environment, they're going away. They are
not going to be here and it's going to happen.
It's going to give you whiplash, breakneck speed. It is
happening right now. The coding is being done right now.
(16:00):
Is that is done and as it is implemented, the
NBA's are going to come in private equity groups and
they're going to buy out more and more of these
companies and they're gonna consolidate them. It's whether it's a
roll up, there's there's a lot of different entities you
can use to do this, but you see this, the
family owned plumbing company, the family owned electrical company, the
(16:21):
family owned restaurant. For that money, they're going to replace
all of those those jobs in the office of clerical
jobs with AI overnight, and those.
Speaker 1 (16:31):
People are ill equipped to find another job. We are
about and that that goes to what your kids should
be doing this summer. Hold on, it's cleans key, it
clings key. It's done for a girl and the boy.
I like lac Aberry show.
Speaker 4 (16:51):
The world is coming at you fast, and you've got
to make decisions that are going to put yourself. You've
got to help your children make decisions that are going
to put them in a position to succeed. However, you
define succeed. I've known people to live in trailer parks,
(17:15):
drive no beat up truck.
Speaker 1 (17:18):
That they're making notes.
Speaker 4 (17:19):
On, mind you, because they've bought it on a used lot,
have no health insurance, and they find happiness. If that
is success for you, so be it. I know people
who are extraordinarily wealthy and they're not happy. I don't
(17:40):
know where success lies for you. I am going to
tell you what I believe is happening, and it's happening fast,
and that is that the world is changing faster, much
faster than it ever did. And we are we are
about to witness many of you've already seen it. The
(18:04):
speed with which technology is transformative in our lives has
gone from a generation or more. You think Big Blue
and IBM back in the day, the big master of computer.
That was the writing on the wall. But you could
start and end your career before technology replaced you if you.
Speaker 1 (18:25):
Did it right. That is no longer going to be
the case.
Speaker 4 (18:30):
And so what we're going to witness is the people
in control of capital, say private equity.
Speaker 1 (18:38):
Buying these h back companies.
Speaker 4 (18:42):
Listener sent me an email Chris sits rights from the
Wall Street Journal. Private equity investors have purchased nearly eight
hundred HVAC plumbing and electrical companies since twenty twenty two alone.
That's three years according to data from Pitchbook eight one
hundred h fact plumbing electrical companies. Now, what that means
(19:06):
a lot of mom and pop's just got rich. Nobody
thinks about that. When I was on city Council, there
was a state rep who was trying to get paid
by Bob Perry if Perry Holmes and did did get paid. Actually,
and what he said. He went from saying we need
Starbucks in the hood. We don't have no Starbucks in
(19:27):
the hood. We don't have grocery stores in the hood,
we don't have nothing nice in the hood.
Speaker 1 (19:32):
Because he's been his whole life racism, racism. You see
these people.
Speaker 4 (19:37):
I mean, if Pete Hegseath steps down as Secretary of Defense,
I'm not suggesting you should. There are real legitimate rumblings
in the Department of Defense. I think Trump is losing patience.
But whatever happens there, that be that as many. If
(19:58):
he does, the room candidate to replace him is Wesley Hunt.
And my understanding is that's who the president wants, which
wouldn't surprise me. Wesley's a West Point Guy's a helicopter pilot.
He's a very likable guy. He's a he's a striking uh.
He has a striking profile as a smart conservative black
(20:21):
man from Houston elected in a white district.
Speaker 1 (20:25):
You know this ain't Lloyd Austin. How about that?
Speaker 4 (20:29):
Anyway, when this particular state rep a Democrat, there are
always Democrats who do this was criticizing Bob Perry for
coming into the hood. He was saying that they're gentrifying
the hood. So let's get this straight. You want the
(20:49):
poor black neighborhood of Third Ward to have nice things
that poor people can't afford. You want the poor black
neighborhood of the third Ward and beyond to have nice
things and lower crime and all of these things.
Speaker 1 (21:09):
But you don't want anybody.
Speaker 4 (21:11):
Moving in that can afford to eat at those places
and drink at those places and buy groceries there.
Speaker 1 (21:18):
Because I have news for you. The little old lady,
the little old.
Speaker 4 (21:22):
Lady, poor black lady that's raising her her kids, that
raised her kids. Now she's raising her grandkids and her
great grandkids, and she's just trying to stay alive long.
Speaker 1 (21:29):
Enough to get them out of high school.
Speaker 4 (21:30):
She can't afford to eat at the grocery store or
buy groceries at the stores. You want the high end,
a cheap what's the high end, agib called, there's a
term for it. They got a fancy term for like
there's there's pantry, which is a small one, and they
got a cheap what central market. They want these things
to come into the hood. Nobody there will shop there.
(21:53):
If you look at the uh Paul Jacob of Jacob's Barbecue,
he says, photos of the people who come in to
to eat there, ninety five percent of them are white.
All the people that came because we talked about it,
Will Michael, all your listeners are white. Not true, Absolutely
not true. That story got out, That story was out
(22:17):
on KPRC, That story was out in outlets that don't
listen to the show. If you look at who is
stepping up to help him, well that might be a
money question.
Speaker 1 (22:28):
I don't know.
Speaker 4 (22:30):
But here's the point I was trying to make is
they didn't want Bob Perry or Perry Holmes to come
in and buy off these old homes and build town
homes that white gays and dinks, the double income no
kids would move into. They didn't want that. But what
nobody talked about was Rose of Mae Jones and Venita
(22:56):
Smith had houses that they were able to sell at
a premium.
Speaker 1 (23:03):
Nobody wanted to buy that house. Nobody could buy that house.
Speaker 4 (23:06):
So they had a little shotgun shack and they got
paid more than it would have been worth otherwise. And
you know what that did to the people on either
side of them. It raised their values. If you're able
to hold out and be the last one left. Bob
Perry didn't want to build ten townhomes in a row
and number five in the middle be a shack looking
(23:30):
like the front porch of Boys and Hood. So you're
gonna you're the holdout. You're gonna get top dollar. Nobody
talked about the wealth transfer that occurred from that company
to these mostly little old lady black owners that bought
(23:50):
these houses years ago and put down one hundred dollars
on it that they could barely put down on a
thirty year mortgage till they paid it off and raised
more generations. Now they're getting a nice chunk of change
that'll take care of them for their retirement. Now we
talked about that well transfer. See, people don't think in
terms of wealth transfer. People don't think in terms of
(24:12):
who was helped. All they see is we got a
nice black neighborhood with just a bunch of black people
walking around here shooting each other, and you're gonna take
it away from us.
Speaker 1 (24:20):
Where we gonna go to shoot each other.
Speaker 4 (24:22):
Well, there's a lot of people that wanted out of there,
and a lot of people want a top dollar for
their house and they can find another place to live
somewhere else, and this neighborhood will change.
Speaker 1 (24:32):
Right.
Speaker 4 (24:33):
Well, there's a lot of mom and pops in one
generation that are gonna have money. Now if that wealth
transfer from private equity to these mom and pop shops,
If all that occasions is people get a nice place
on Lake Austin or a nice place on Lake Travis
(24:53):
or Hershey Bay and a nice house in the country
and they buy their they give their kids a down
payment on the house because they'll give the kids a
grand kid, and they set up an education trust fun.
If that's all that happens with that well transfer, that's
going to be a net loss to society. And we'll
tell you because that's a one time, opportunity for people
(25:15):
to change, to create generational wealth and not just get
a new boat.
Speaker 1 (25:24):
Get closing time. When you're listening to the Michael Berry.
Speaker 4 (25:27):
Show, I'm not trying to depress you with my vision
of what's going to happen. But by the same token,
I think a lot of people need to wake up
and realize what's happening. The writing is on the wall
these mom and pop shops, which is where you most
(25:49):
want to work. You want to work where the owner's there.
You know, you watch his kids grow up, Your kids
come to the office and knock around. Maybe once a month,
his wife hosts a backyard barbecue.
Speaker 1 (26:03):
And everybody goes over. And this is a family place.
This is a nice place to work. This is it
that is.
Speaker 4 (26:09):
Going away because the private equity firms don't do that.
They may rent out a bowling alley for some highly
contrived what is the term they use, the corporate term
that we're all bonding?
Speaker 1 (26:25):
What is that? There's there's a term for that.
Speaker 4 (26:28):
And they announced this thir What Yeah, this Thursday at six,
everybody gather, We're going to do team building. But I
think you're going to see You're going to see the
diminution of the individual and their importance in the operation
(26:48):
of a business. Going forward, you're going to have fewer employees.
You will be able to do more with fewer employees,
labor being typically the largest costs. The other thing is
going to happen. And I don't think people I don't
know why people would need to know. This doesn't affect
most people. I think office buildings, I think we're going
(27:12):
to have fewer people. Then we're gonna have a they
we have a lower need for office space in ten
years than we do today, despite that we'll have more people.
In fact, I think we'll have considerably lower that's already
occurring vacancy in office space. I'm not looking at a number.
(27:36):
I'm going by by reports I get from people in
the industry. But vacancy in office space I suspect is
higher right now than it's been since the oil bust
of the late seventies early eighties. I suspect that's true.
And a lot of offices came on line since then,
so especially your lower grade, deferred maintenance ugly office buildings,
(27:59):
they're suffering right now. A lot of that transition to
warehouse uh light industrial light industrial just means a distribution center.
And it's not just Amazon. People think it's just Amazon.
It's so much more than that. Ghost kitchens, you know,
you name it. A lot of these things, a lot
of a lot of distributors. Can't tell you how many
(28:21):
how many people I know that have somewhere between a
single unit at a self storage to an entire warehouse,
and they receive products and they manage their relationships and
then they distribute products.
Speaker 1 (28:35):
So what are you to do?
Speaker 4 (28:37):
It means that you're not going to have a job
as a clerk in ten years unless you stay with
the company you're at and for whatever reason, it the
the technology is going to hit different people harder and faster.
But it's going to happen overnight. It's going to happen overnight,
Like I guess, best example I can think of immediately
(28:59):
is the Me Too movement, Titans of comedy, movie politics,
who couldn't be touched. All of a sudden boom, they
were done, they were finished, that didn't exist anymore. That
movement happened overnight. And what's going to happen is that companies,
(29:21):
investors are going to grow way richer because it's scalable
now So the greatest inability to grow and prosper for
equity right now is the limitation on human beings in
(29:42):
every industry. You ask, as I do every day a
restaurant owner, what's your biggest challenge?
Speaker 1 (29:48):
People?
Speaker 4 (29:48):
They can't get people, I can't get them. I know
people that own franchises. God help you, God help you.
If you saw what's coming through the door to go
to work there, I mean, you're lucky. If they only
have a couple felonies, if they can write their name,
if they don't smell like a sewer plant.
Speaker 1 (30:10):
Sewage or sewer sewage.
Speaker 4 (30:14):
Yeah, if they can speak English with basic proficiency and
they were born here. These are the kind of realities
we're seeing. And what you're going to see us plunged
into is a third world type standard where you've got
the really rich and they're really poor, and then you're
going to have a lot of displaced people in the
(30:35):
middle displaced in the way that manufacturing jobs were lost
for several generations. You're going to have people lose their
jobs that couldn't imagine losing their jobs, and they're not
going to be replaced by a human being. It's a
dirty little secret and there's no reason for you to.
Speaker 1 (30:52):
Get mad at it. It's reality. It's like arguing with gravity.
Speaker 4 (30:56):
When private equity buys a company, they do not that
company because they think it's really nice, and they want
to tell people they own that company and we're going
to keep things exactly the way they are. Some people
will say they are they bought that company to make money,
and by the way, you can't tell me you'd like
to make more money and then be mad at other
people trying to make more money. Everybody's trying to make
(31:17):
more money. Private equity figured out how to go in
and find undervalued businesses.
Speaker 1 (31:27):
That give that business.
Speaker 4 (31:29):
A premium over what they believe their business was worth,
and still ring out multiples of that.
Speaker 1 (31:35):
Because what you start doing is you come in and
you go.
Speaker 4 (31:38):
Oh, they don't have good inventory control, they have a
lot of waste, they have too many people. They're going
to find ways to cut before they ever look to grow.
The first thing you do is cut. It's much easier
to cut expenses than it is to grow revenues. Every
business owner will tell you that the fastest easiest thing
(32:00):
you could do is cut expenses. Growing revenues. That's hard,
but you could walk into any business, any business in America,
and cut, depending on the business, ten percent and not
feel a difference, and put ten percent to the bottom line,
and more businesses would would survive if they did make
more cuts, if they were more lean, if they judiciously
(32:26):
guarded every penny. So what is this is transition from
advice for your kids to advice to you. So let
me just say this with regard to advice to you,
if your skill is you're a nice person, and you're
under the age of fifty, I would learn some hard skills.
(32:46):
I would learn at least basic proficiency in computer programming,
because one way or another, that's going to be a
great need. And I would start, well, that's a bigger
conversation for another day. Let me talk about your kids.
Speaker 1 (33:06):
This summer.
Speaker 4 (33:08):
While your kids are doing what they always do, sitting
home playing video games, and you're at work, and you
haven't given thought to and you just call and make
sure they're not getting in trouble, they are missing out
on opportunities to meet people, to interact. I hate the
word network, but that's the word. They are missing out.
Stick them at a company answering the phone, Stick them
at a company hauling stuff. I worked one summer for
(33:31):
Homemade my No Time Homan, my buddy Craig McCay's dad.
He was a brick MASONY had a masonry company and
we hauled bricks and so at the end of every
day I was so exhausted but so proud he paid
me in cash every day.
Speaker 1 (33:48):
It's a life experience.
Speaker 4 (33:50):
You know, somebody has a business, and don't get caught
up in whether a kid.
Speaker 1 (33:54):
Makes money during the summer.
Speaker 4 (33:55):
Nobody wants to pay your kid money because they're not
adding enough value to make it make sense.
Speaker 1 (33:58):
That's a donation if they do that charity.
Speaker 4 (34:01):
Don't let your kids sleep in, stick them in a
in a corporate environment, in a business environment to start
making friends.
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