Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
So buying not pay later loans a generation is turning
to buying out pay later for botox and concert tickets.
This is a Wall Street journal, so can you imagine
people are using buying out pay later for botox and
concert tickets paid sixteen So buying not payday loans is
the worst thing for consumers since payday loans. The BNPL
(00:24):
stats are finally coming out that has become financially destructive force,
with a twenty twenty three TransUnion report showing BNPL usage
sold forty three percent into your forty percent of users
missing at least one payment, often facing hefty late fees
and aggressive collections, and a report came mob showing indicating
that and households charging insufficient funds fee eighty five percent
(00:46):
would also charge an overdraft fund. BNPL is a dangerous
because it doesn't feel like debt. Masking the risk by
presenting payments as a twenty five dollars a week is
an illusion and it's getting bigger and bigger. Ashland Danger
Dagger twenty two years old. Use BMPs loans from a
firm a financial technology company starting at eighteen years old
(01:06):
with a thirty percent interest rate loan for eleven hundred
dollars mattress later finance and groceries, haircuts, eyelash extensions, leading
to nearly forty six hundred dollars in debt with seven
hundred and seventy one dollar a monthly payment. She said,
initially it starts off with necessities and to me it
was just twenty dollars a month. Here twenty dollars a month.
There are not one thousand dollars debt. A June report
(01:27):
that Bank of Americans to know to the searge and
such loans amongst young Americans who face a tougher employment
picture and higher prices using them for necessities. Yadira Laura
twenty eight finance a nine hundred dollars botox and filler
injections with Klarna. Think about that, okay and a Swedish
binef TikTok video before you come at me with who
(01:50):
has that kind of money? Klarna does. And you can
use shine Amazon TIMU use it for your face, Kay,
just make payments on it. That's what she's saying. You're
seeing data for a National Bier of Economic Research KLORNA
reported seventeen percent year over your increasing consumer credit losses
hitting one hundred and thirty six million dollars in the
first quarter. Tom, we've talked about BNPL before. By the way,
(02:12):
is this the lady that's talking about she used the
she used the Yeah, that's right there. Yes, Tom, your
thoughts on the story.
Speaker 2 (02:19):
So we've been talking about this for a while.
Speaker 3 (02:21):
And if you go back in history, and you can
go back about fifteen years, the auto industry wanted to
some more cars, so they started doing what's.
Speaker 2 (02:30):
Called subprime auto loans.
Speaker 3 (02:31):
Subprime was their term for the lower half of the
middle class, subprime borrowers, so there was higher risk but
higher interest rates, and the auto industry loved it because
they were able to sell more cars to say you
can get in the car with the payment, not telling
them that that fifteen hundred dollars Toyota fifteen thousand dollars
toytter Corolla was going to cost you almost twenty thousand
(02:53):
dollars by the time you're done with the fourteen percent loan.
Speaker 4 (02:58):
So that's typically how sectors of.
Speaker 3 (03:01):
The economy have used alternative financing to get to next
levels of consumers. And unfortunately, those levels of consumers are
thinking payment, they're not thinking about ultimate cost guess what
BNPL originally was not on credit reports, and on this
podcast we were screaming about it, saying people don't necessarily
(03:23):
understand what they're doing. And we saw what happened on
Black Friday, remember that, Vinnie. We were looking at those
Black Friday stats, and then what happened on Valentine's Day.
Speaker 2 (03:31):
Happy Valentine's Day.
Speaker 3 (03:32):
I'm missing a payment, missing a payment on the TV
that I bought at eighteen percent.
Speaker 4 (03:36):
Or more interest rate.
Speaker 3 (03:38):
Now within the last twelve months, we on this podcast
we cheered when BNPL had to be on your credit report?
Why is that important? The credit report is an important
mechanism so that so that consumers know what they can afford,
but they're also rated appropriately, and consumers with legeducation about
(03:58):
how these mechanisms were could be controlled on. Who can say, hey,
you don't qualify, Why don't I qualify? You have too
much debt? What do I have too much debt on?
And there could be some sort of a counseling or
a discussion or a triggering mechanism to get them to
do it. And then credit card companies start giving you
free access to your credit report.
Speaker 2 (04:16):
That's a good thing.
Speaker 3 (04:18):
Now, we're seeing here BNPL is being used for things
like boatox. BNPL average is almost six months. I looked
up this morning and they said botox in your forehead
or for wrinkles, you know, in your face is about
a three and a half month. Then the boatox wears
off and by the time you get to four and
five months, the wrinkles and things are coming back.
Speaker 4 (04:40):
So that means that.
Speaker 3 (04:41):
If you keep BNPL for an average of five and
a half six months, it's a month and a half
after the boatox has worn off, and then you your.
Speaker 2 (04:50):
Power, that's been you. You're saying, that's your spirit. You
may take a little may take a little time. Horrible.
Speaker 3 (04:55):
I gave up on a look a day over six
the botox for this reason, and they put the BNPL
on my credit report.
Speaker 2 (05:01):
I was all pissed off. So but the.
Speaker 3 (05:03):
Point here is now we are getting into teenagers and
young people in their twenties, young adults who are putting
this using b and PL because to sell you the botox.
Speaker 4 (05:15):
Guess what they're doing.
Speaker 3 (05:16):
If your credit card doesn't have enough limit and say, oh, PayPal,
well PayPal is connected to my checking account, my credit cards,
Oh ah, I can go to Klarna an Affirm, and
then Clara and Affirm talk about Clara says, one hundred
and thirty six million in your consumer credit losses B
and PL is turning out to be not a convenience
(05:38):
to turn purchasing a TV to.
Speaker 2 (05:41):
The reality of it. In the follow here's the reality
of it. You know.
Speaker 1 (05:44):
The other day, I'm driving in my car with Brooklyn
and Senna and Dylan, and Dylan says, I think they
should make secrets illegal if it kills people.
Speaker 2 (05:55):
Really?
Speaker 1 (05:56):
Yeah, okay, how many people you think that from cigarettes
versus accidents? I don't know, I said, so we looked
at the numbers whatever. The number was thirty and not
thirty five thousand people die every year from car accidents,
and then a number of people that die from cigarettes.
It was astronomical, like ten times more, I give or take.
Speaker 2 (06:12):
I think. If the number shows.
Speaker 1 (06:13):
Up, yeah, cigarettes four eighth accidents, forty thousand, I said,
forty thousand people die from car accidents every year. Should
we make a car's illegal?
Speaker 5 (06:22):
No?
Speaker 2 (06:23):
Should we make cigarettes illegal? Yes? Why? Well, because I
think we should make it illegal. Should we make alcohol illegal?
I don't think so. Why not?
Speaker 1 (06:31):
Alcohol also kills a lot of people. Why Just so
the reality of it is the following you go to
the store, you have to control yourself from not using it. Yep,
we can put the onus on the companies, but if
you can't afford to buy something, don't buy it. If
you can't afford to go buy something that's out of
your league and you're trying to impress somebody, don't do it.
(06:53):
First time about a Rolux, I was thirty five years old.
I could have afford a Rolucks at twenty six years old,
I didn't buy roluxs Ive was thirty five years old,
and I have a need to.
Speaker 2 (07:00):
I waited.
Speaker 1 (07:00):
I put the cash aside to kind of me. So
I do understand when we make these videos and the
stuff that we say about BNPL and what they're doing
in credit card companies, all this other stuff. You know
what I found. I wish I would have brought my
back by. I brought a bunch of props to show
I found a financing company in Clarksville, Kentucky called f
(07:22):
MAC f MAC. If you're still around, you guys got
me good at eighteen years old.
Speaker 2 (07:26):
What does that F stand for? Financial type? In f MAC?
What is this if it's the word I'm thinking of.
I've been an apologize. I'pen F mac Clarksville. Can you
type in F mackill.
Speaker 1 (07:35):
They've probably had a business, They're probably not even around
tapping F mac Clarksville. Just in a one ward drop
F mac Clarksville. And if you just put it in
Google should come up. Just put in Google. Let's see
what comes up. F mac Clarksville. I remember these guys.
Oh no, no, it's F mac Clarksville. So I'll find
what the name of it. I have to old contract.
(07:56):
I bought a Mitsubishi Eclipse in nineteen ninety seven.
Speaker 2 (08:00):
It's a great car. Actually, do you know what my
interest rate was on the car? Time? At least twenty
year nineteen ninety seven, double digit even double digits.
Speaker 4 (08:09):
I will say, fourteen to sixteen.
Speaker 2 (08:10):
Thirty one percent. Unbelievable.
Speaker 1 (08:12):
I'm gonna show it unbelievable more night thirty one percent.
Speaker 4 (08:17):
It's a credit card cut rapping at twenty eight seventy.
Speaker 1 (08:20):
Five when I show it. Wow, if I have the
back MATEO, do we have my not? Did I bring
my backpack with us here? Did you see me carrying
a backpack?
Speaker 4 (08:28):
I don't know.
Speaker 1 (08:29):
I just I think I just brought my iPad if
I had it, which it was a red Mitsubishi Eclipse nineteen.
It was a nineteen ninety Mitsubishi Eclipse. It was a
used one. I couldn't afford Brandon one app so I
was that's the one right there. Look at that sick
Greek car turbo man, it's got so many stories and
funny it got beautiful. That car is red clips thirty
(08:49):
one percent. So let me ask you, is it f
MAX fault no? Or is it pbd's fault. It's pbd's fault.
A part of it you're going to go to.
Speaker 4 (08:58):
I just want PbD to be given all the information when.
Speaker 2 (09:01):
I'm fully with you. I am fully with you, then.
Speaker 4 (09:04):
Then you know what, be smart, be dumb, read it,
don't read it.
Speaker 2 (09:07):
It's on the case. It's on you.
Speaker 1 (09:08):
So what I'm trying to say is the word that
you talk about with the kids as what restrain, restrain restrain.
Adam thoughts on this before we move on to the
next time.
Speaker 5 (09:20):
Most people are sleepwalking with their finances while daydreaming of
their dream life. I see it all the time. Buy now,
pay later is just a symptom of a larger problem,
which is that people are just obsessed with stuff. People
are obsessed with things, and then people end up becoming
obsessed with debt. It starts with student loans six percent.
(09:43):
All right, that's fifty grand, okay, boom. Then you get
credit cards that's twenty five percent. You want to go
get a nice Mitchell Beaty Eclipse, You're paying thirty one
percent before you know it. Then you get buy now,
pay later, that's another thirty percent. Then you end up
doing payday loans three hundred percent, cash advances three hundred percent.
Do you ever wonder why the average household in America?
(10:04):
Do you know what the average household debt.
Speaker 2 (10:06):
In America is? One hundred grand?
Speaker 5 (10:08):
Every single person in America is minus one hundred thousand
dollars if you do the math.
Speaker 2 (10:13):
Why is this?
Speaker 5 (10:14):
Because we all go to school, we take the same
useless classes algebra, biology, chemistry, no money classes. Gender Vinnie
did his gender studies is looking great, No money classes.
So we sleep walk throughout life and we wonder why
am I not rich? Everyone's rich out there? Why am
I not rich? The average person? This is one My
whole thing is the average person will be broke the
(10:37):
broke person will stay poor. Rich people will continue to
get rich. Why it's not because they try harder, It's
because they're better. That's an element is can they just
understand money better?
Speaker 2 (10:49):
So, my pat, you asked, is it on the bank
the car?
Speaker 1 (10:53):
Is it on you?
Speaker 2 (10:54):
It's on you.
Speaker 5 (10:54):
It's why it's called personal finance. Okay, why are some
kids raised better than others Because it's on the parent
to teach the kids.
Speaker 2 (11:02):
It's on you to get better with your money. Yeah,
I'm with it. I'm with it.
Speaker 1 (11:07):
I think no matter who you are, whatever you're doing,
you know, use that money for books, conferences, events, was
online courses. That's going to teach you how to code.
And by the way, whether it's you, there's plenty of
places to go to learn how to code. My son
is taking a online course right now. Coding Summer is here,
(11:28):
Future looks Bright gear. We have the matching shirts with
the hats gang so Rob if you can go to
it where people can see it, no, you just had
to go. If you go back one where it shows
the homepage right there, so the match in if you
can shop the collection, the hats, the shirts, the colors
matching with each other. This is the shirt that Vinnie wears,
the black Future looks bright shirt right there with the
(11:50):
sliper every time I see it because that's elevated.
Speaker 2 (11:54):
Right it's six.
Speaker 1 (11:56):
So if you go up a little bit, I don't
know if that one's an elevator or not, go a
little bit higher up. But the the other way, Rob
if you ca oh, those are the ones that are elevated.
These are so sick. Look at that matching. So summertime,
go sports your future. Yesterday we're walking on Vegas. Guys
got Value Tament shirt on Value him and had sound.
Speaker 2 (12:11):
It's awesome.
Speaker 1 (12:11):
Now we're seeing it all over the place and I'm
getting a bunch of pictures being sent my way. So
go to et meerch dot com place your order and
number two. We are officially We were at Gaylord last
week Orlando, at the conference where the All Conference will
be held and at the hotel where the All Conference
will be held. We are officially thirty five days away
(12:33):
from nearly twelve thousand people coming together at the of
All Conference at the Gaylord. The hotel looks amazing. The
number of networking opportunities absolutely insane. Whether you're an AI,
real estate, private equity. You're trying to raise money, you're
trying to deploy money to some people. Great place to come.
If you haven't yet bought your tickets, the top two
tier tickets are about to sell out. Of course, you
(12:55):
can get your general tickets, but the best tickets are
typically the executive and the sealed founder foyd to sit
closely on network with others. There's gonna be a lot
of big announcements that will be making. Tony Robbins will
be there, Martha Stewart will be there, David Falk will
be there, and a couple other surprises that will only
be revealing while you're there. If you haven't yet registered,
go to the Vaultconference dot com. Once again to the
(13:16):
Vault Conference dot com. I believe the prices are increasing
this Friday, so get your tickets before the price is
increased by the end of this week, and get your
hotels's way as well at the Gaylord because everybody will
be there. If you enjoy this video, you want to
watch more videos like this, click here, and if you
want to watch the entire podcast, click here.
So buying not pay later loans a generation is turning
to buying out pay later for botox and concert tickets.
This is a Wall Street journal, so can you imagine
people are using buying out pay later for botox and
concert tickets paid sixteen So buying not payday loans is
the worst thing for consumers since payday loans. The BNPL
(00:24):
stats are finally coming out that has become financially destructive force,
with a twenty twenty three TransUnion report showing BNPL usage
sold forty three percent into your forty percent of users
missing at least one payment, often facing hefty late fees
and aggressive collections, and a report came mob showing indicating
that and households charging insufficient funds fee eighty five percent
(00:46):
would also charge an overdraft fund. BNPL is a dangerous
because it doesn't feel like debt. Masking the risk by
presenting payments as a twenty five dollars a week is
an illusion and it's getting bigger and bigger. Ashland Danger
Dagger twenty two years old. Use BMPs loans from a
firm a financial technology company starting at eighteen years old
(01:06):
with a thirty percent interest rate loan for eleven hundred
dollars mattress later finance and groceries, haircuts, eyelash extensions, leading
to nearly forty six hundred dollars in debt with seven
hundred and seventy one dollar a monthly payment. She said,
initially it starts off with necessities and to me it
was just twenty dollars a month. Here twenty dollars a month.
There are not one thousand dollars debt. A June report
(01:27):
that Bank of Americans to know to the searge and
such loans amongst young Americans who face a tougher employment
picture and higher prices using them for necessities. Yadira Laura
twenty eight finance a nine hundred dollars botox and filler
injections with Klarna. Think about that, okay and a Swedish
binef TikTok video before you come at me with who
(01:50):
has that kind of money? Klarna does. And you can
use shine Amazon TIMU use it for your face, Kay,
just make payments on it. That's what she's saying. You're
seeing data for a National Bier of Economic Research KLORNA
reported seventeen percent year over your increasing consumer credit losses
hitting one hundred and thirty six million dollars in the
first quarter. Tom, we've talked about BNPL before. By the way,
(02:12):
is this the lady that's talking about she used the
she used the Yeah, that's right there. Yes, Tom, your
thoughts on the story.
Speaker 2 (02:19):
So we've been talking about this for a while.
Speaker 3 (02:21):
And if you go back in history, and you can
go back about fifteen years, the auto industry wanted to
some more cars, so they started doing what's.
Speaker 2 (02:30):
Called subprime auto loans.
Speaker 3 (02:31):
Subprime was their term for the lower half of the
middle class, subprime borrowers, so there was higher risk but
higher interest rates, and the auto industry loved it because
they were able to sell more cars to say you
can get in the car with the payment, not telling
them that that fifteen hundred dollars Toyota fifteen thousand dollars
toytter Corolla was going to cost you almost twenty thousand
(02:53):
dollars by the time you're done with the fourteen percent loan.
Speaker 4 (02:58):
So that's typically how sectors of.
Speaker 3 (03:01):
The economy have used alternative financing to get to next
levels of consumers. And unfortunately, those levels of consumers are
thinking payment, they're not thinking about ultimate cost guess what
BNPL originally was not on credit reports, and on this
podcast we were screaming about it, saying people don't necessarily
(03:23):
understand what they're doing. And we saw what happened on
Black Friday, remember that, Vinnie. We were looking at those
Black Friday stats, and then what happened on Valentine's Day.
Speaker 2 (03:31):
Happy Valentine's Day.
Speaker 3 (03:32):
I'm missing a payment, missing a payment on the TV
that I bought at eighteen percent.
Speaker 4 (03:36):
Or more interest rate.
Speaker 3 (03:38):
Now within the last twelve months, we on this podcast
we cheered when BNPL had to be on your credit report?
Why is that important? The credit report is an important
mechanism so that so that consumers know what they can afford,
but they're also rated appropriately, and consumers with legeducation about
(03:58):
how these mechanisms were could be controlled on. Who can say, hey,
you don't qualify, Why don't I qualify? You have too
much debt? What do I have too much debt on?
And there could be some sort of a counseling or
a discussion or a triggering mechanism to get them to
do it. And then credit card companies start giving you
free access to your credit report.
Speaker 2 (04:16):
That's a good thing.
Speaker 3 (04:18):
Now, we're seeing here BNPL is being used for things
like boatox. BNPL average is almost six months. I looked
up this morning and they said botox in your forehead
or for wrinkles, you know, in your face is about
a three and a half month. Then the boatox wears
off and by the time you get to four and
five months, the wrinkles and things are coming back.
Speaker 4 (04:40):
So that means that.
Speaker 3 (04:41):
If you keep BNPL for an average of five and
a half six months, it's a month and a half
after the boatox has worn off, and then you your.
Speaker 2 (04:50):
Power, that's been you. You're saying, that's your spirit. You
may take a little may take a little time. Horrible.
Speaker 3 (04:55):
I gave up on a look a day over six
the botox for this reason, and they put the BNPL
on my credit report.
Speaker 2 (05:01):
I was all pissed off. So but the.
Speaker 3 (05:03):
Point here is now we are getting into teenagers and
young people in their twenties, young adults who are putting
this using b and PL because to sell you the botox.
Speaker 4 (05:15):
Guess what they're doing.
Speaker 3 (05:16):
If your credit card doesn't have enough limit and say, oh, PayPal,
well PayPal is connected to my checking account, my credit cards,
Oh ah, I can go to Klarna an Affirm, and
then Clara and Affirm talk about Clara says, one hundred
and thirty six million in your consumer credit losses B
and PL is turning out to be not a convenience
(05:38):
to turn purchasing a TV to.
Speaker 2 (05:41):
The reality of it. In the follow here's the reality
of it. You know.
Speaker 1 (05:44):
The other day, I'm driving in my car with Brooklyn
and Senna and Dylan, and Dylan says, I think they
should make secrets illegal if it kills people.
Speaker 2 (05:55):
Really?
Speaker 1 (05:56):
Yeah, okay, how many people you think that from cigarettes
versus accidents? I don't know, I said, so we looked
at the numbers whatever. The number was thirty and not
thirty five thousand people die every year from car accidents,
and then a number of people that die from cigarettes.
It was astronomical, like ten times more, I give or take.
Speaker 2 (06:12):
I think. If the number shows.
Speaker 1 (06:13):
Up, yeah, cigarettes four eighth accidents, forty thousand, I said,
forty thousand people die from car accidents every year. Should
we make a car's illegal?
Speaker 5 (06:22):
No?
Speaker 2 (06:23):
Should we make cigarettes illegal? Yes? Why? Well, because I
think we should make it illegal. Should we make alcohol illegal?
I don't think so. Why not?
Speaker 1 (06:31):
Alcohol also kills a lot of people. Why Just so
the reality of it is the following you go to
the store, you have to control yourself from not using it. Yep,
we can put the onus on the companies, but if
you can't afford to buy something, don't buy it. If
you can't afford to go buy something that's out of
your league and you're trying to impress somebody, don't do it.
(06:53):
First time about a Rolux, I was thirty five years old.
I could have afford a Rolucks at twenty six years old,
I didn't buy roluxs Ive was thirty five years old,
and I have a need to.
Speaker 2 (07:00):
I waited.
Speaker 1 (07:00):
I put the cash aside to kind of me. So
I do understand when we make these videos and the
stuff that we say about BNPL and what they're doing
in credit card companies, all this other stuff. You know
what I found. I wish I would have brought my
back by. I brought a bunch of props to show
I found a financing company in Clarksville, Kentucky called f
(07:22):
MAC f MAC. If you're still around, you guys got
me good at eighteen years old.
Speaker 2 (07:26):
What does that F stand for? Financial type? In f MAC?
What is this if it's the word I'm thinking of.
I've been an apologize. I'pen F mac Clarksville. Can you
type in F mackill.
Speaker 1 (07:35):
They've probably had a business, They're probably not even around
tapping F mac Clarksville. Just in a one ward drop
F mac Clarksville. And if you just put it in
Google should come up. Just put in Google. Let's see
what comes up. F mac Clarksville. I remember these guys.
Oh no, no, it's F mac Clarksville. So I'll find
what the name of it. I have to old contract.
(07:56):
I bought a Mitsubishi Eclipse in nineteen ninety seven.
Speaker 2 (08:00):
It's a great car. Actually, do you know what my
interest rate was on the car? Time? At least twenty
year nineteen ninety seven, double digit even double digits.
Speaker 4 (08:09):
I will say, fourteen to sixteen.
Speaker 2 (08:10):
Thirty one percent. Unbelievable.
Speaker 1 (08:12):
I'm gonna show it unbelievable more night thirty one percent.
Speaker 4 (08:17):
It's a credit card cut rapping at twenty eight seventy.
Speaker 1 (08:20):
Five when I show it. Wow, if I have the
back MATEO, do we have my not? Did I bring
my backpack with us here? Did you see me carrying
a backpack?
Speaker 4 (08:28):
I don't know.
Speaker 1 (08:29):
I just I think I just brought my iPad if
I had it, which it was a red Mitsubishi Eclipse nineteen.
It was a nineteen ninety Mitsubishi Eclipse. It was a
used one. I couldn't afford Brandon one app so I
was that's the one right there. Look at that sick
Greek car turbo man, it's got so many stories and
funny it got beautiful. That car is red clips thirty
(08:49):
one percent. So let me ask you, is it f
MAX fault no? Or is it pbd's fault. It's pbd's fault.
A part of it you're going to go to.
Speaker 4 (08:58):
I just want PbD to be given all the information when.
Speaker 2 (09:01):
I'm fully with you. I am fully with you, then.
Speaker 4 (09:04):
Then you know what, be smart, be dumb, read it,
don't read it.
Speaker 2 (09:07):
It's on the case. It's on you.
Speaker 1 (09:08):
So what I'm trying to say is the word that
you talk about with the kids as what restrain, restrain restrain.
Adam thoughts on this before we move on to the
next time.
Speaker 5 (09:20):
Most people are sleepwalking with their finances while daydreaming of
their dream life. I see it all the time. Buy now,
pay later is just a symptom of a larger problem,
which is that people are just obsessed with stuff. People
are obsessed with things, and then people end up becoming
obsessed with debt. It starts with student loans six percent.
(09:43):
All right, that's fifty grand, okay, boom. Then you get
credit cards that's twenty five percent. You want to go
get a nice Mitchell Beaty Eclipse, You're paying thirty one
percent before you know it. Then you get buy now,
pay later, that's another thirty percent. Then you end up
doing payday loans three hundred percent, cash advances three hundred percent.
Do you ever wonder why the average household in America?
(10:04):
Do you know what the average household debt.
Speaker 2 (10:06):
In America is? One hundred grand?
Speaker 5 (10:08):
Every single person in America is minus one hundred thousand
dollars if you do the math.
Speaker 2 (10:13):
Why is this?
Speaker 5 (10:14):
Because we all go to school, we take the same
useless classes algebra, biology, chemistry, no money classes. Gender Vinnie
did his gender studies is looking great, No money classes.
So we sleep walk throughout life and we wonder why
am I not rich? Everyone's rich out there? Why am
I not rich? The average person? This is one My
whole thing is the average person will be broke the
(10:37):
broke person will stay poor. Rich people will continue to
get rich. Why it's not because they try harder, It's
because they're better. That's an element is can they just
understand money better?
Speaker 2 (10:49):
So, my pat, you asked, is it on the bank
the car?
Speaker 1 (10:53):
Is it on you?
Speaker 2 (10:54):
It's on you.
Speaker 5 (10:54):
It's why it's called personal finance. Okay, why are some
kids raised better than others Because it's on the parent
to teach the kids.
Speaker 2 (11:02):
It's on you to get better with your money. Yeah,
I'm with it. I'm with it.
Speaker 1 (11:07):
I think no matter who you are, whatever you're doing,
you know, use that money for books, conferences, events, was
online courses. That's going to teach you how to code.
And by the way, whether it's you, there's plenty of
places to go to learn how to code. My son
is taking a online course right now. Coding Summer is here,
(11:28):
Future looks Bright gear. We have the matching shirts with
the hats gang so Rob if you can go to
it where people can see it, no, you just had
to go. If you go back one where it shows
the homepage right there, so the match in if you
can shop the collection, the hats, the shirts, the colors
matching with each other. This is the shirt that Vinnie wears,
the black Future looks bright shirt right there with the
(11:50):
sliper every time I see it because that's elevated.
Speaker 2 (11:54):
Right it's six.
Speaker 1 (11:56):
So if you go up a little bit, I don't
know if that one's an elevator or not, go a
little bit higher up. But the the other way, Rob
if you ca oh, those are the ones that are elevated.
These are so sick. Look at that matching. So summertime,
go sports your future. Yesterday we're walking on Vegas. Guys
got Value Tament shirt on Value him and had sound.
Speaker 2 (12:11):
It's awesome.
Speaker 1 (12:11):
Now we're seeing it all over the place and I'm
getting a bunch of pictures being sent my way. So
go to et meerch dot com place your order and
number two. We are officially We were at Gaylord last
week Orlando, at the conference where the All Conference will
be held and at the hotel where the All Conference
will be held. We are officially thirty five days away
(12:33):
from nearly twelve thousand people coming together at the of
All Conference at the Gaylord. The hotel looks amazing. The
number of networking opportunities absolutely insane. Whether you're an AI,
real estate, private equity. You're trying to raise money, you're
trying to deploy money to some people. Great place to come.
If you haven't yet bought your tickets, the top two
tier tickets are about to sell out. Of course, you
(12:55):
can get your general tickets, but the best tickets are
typically the executive and the sealed founder foyd to sit
closely on network with others. There's gonna be a lot
of big announcements that will be making. Tony Robbins will
be there, Martha Stewart will be there, David Falk will
be there, and a couple other surprises that will only
be revealing while you're there. If you haven't yet registered,
go to the Vaultconference dot com. Once again to the
(13:16):
Vault Conference dot com. I believe the prices are increasing
this Friday, so get your tickets before the price is
increased by the end of this week, and get your
hotels's way as well at the Gaylord because everybody will
be there. If you enjoy this video, you want to
watch more videos like this, click here, and if you
want to watch the entire podcast, click here.
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