Latest / Financial Survival Network / The Underground Economy of Automatic Billing: Examining the Dark Side of Subscriptions - Paul Oster #6133

Transcript

The Underground Economy of Automatic Billing: Examining the Dark Side of Subscriptions - Paul Oster #6133 · Financial Survival Network

• 0:00
  Speaker 1: Consumers just have to be you know, they have to
• 0:02
  Speaker 1: hold themselves accountable. Yes, the FTC is constantly going after
• 0:07
  Speaker 1: some of these bigger companies, the Consumer Financial Protection Bureau,
• 0:10
  Speaker 1: but at the end of the day, we have to
• 0:12
  Speaker 1: protect ourselves. Go through your credit card statements, go through
• 0:16
  Speaker 1: your bank accounts, and if there's something that you don't recognize,
• 0:19
  Speaker 1: you and I spoke before you can call your bank.
• 0:22
  Speaker 2: You are listening to Carrie Letz's Financial Survival Network where
• 0:26
  Speaker 2: you get valuable information you just can't find anywhere else
• 0:30
  Speaker 2: to thrive in today's trying times. You need the Financial
• 0:34
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• 0:39
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• 0:43
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• 0:49
  Speaker 1: And welcome.
• 0:50
  Speaker 3: You are listening to the Financial Survival Network. I'm your host,
• 0:54
  Speaker 3: Kerry Letz and hey, are you over subscribed? How many
• 0:58
  Speaker 3: subscriptions do you pay per month? How much is it
• 1:01
  Speaker 3: costing you? Do you have any idea? If you don't,
• 1:05
  Speaker 3: or you're thinking about it or concerned to the least,
• 1:07
  Speaker 3: then you're going to want to hear from my next guest,
• 1:10
  Speaker 3: Paul Oster better Qualified dot com. Paul, great to have
• 1:13
  Speaker 3: you back on the show. So how many subscriptions do
• 1:16
  Speaker 3: you have?
• 1:18
  Speaker 1: I'm not sure the exact number, but I have done,
• 1:21
  Speaker 1: you know, some scouring myself, and I'll talk about a
• 1:26
  Speaker 1: couple of the tips later on. But when I did it,
• 1:29
  Speaker 1: I did find two or three subscriptions that I had
• 1:33
  Speaker 1: no idea. I was still paying four ninety nine a month,
• 1:37
  Speaker 1: eight ninety nine a month, and those types of things
• 1:40
  Speaker 1: add up. So I am I am guilty as charged.
• 1:42
  Speaker 1: Also guilty is charged, punt and ten right, yeah, exactly exactly,
• 1:48
  Speaker 1: all right, So what do you do? How do you
• 1:51
  Speaker 1: sure you know?
• 1:52
  Speaker 3: Do you go hire a go get another subscription to
• 1:55
  Speaker 3: figure out all your other subscriptions?
• 1:59
  Speaker 1: Well? You I, you would. I I've spoken about that also,
• 2:02
  Speaker 1: and look, we've covered subscriptions, you know, on the whole.
• 2:07
  Speaker 1: The marketing geniuses figured out that the most profitable way
• 2:12
  Speaker 1: to do business is via subscriptions. If you can get
• 2:15
  Speaker 1: people to sign up for a monthly subscription, Amazon, all
• 2:20
  Speaker 1: the major e commerce retailers offer subscriptions. They offer you savings. Right,
• 2:27
  Speaker 1: there's a discount if you use a subscription based model,
• 2:31
  Speaker 1: but that's only because in the long run they know
• 2:34
  Speaker 1: you're going to spend more and you're going to wind
• 2:36
  Speaker 1: up using the product or service longer than you would
• 2:40
  Speaker 1: have if you did it month to month. So one
• 2:42
  Speaker 1: of the easiest ways for your listeners to check to
• 2:47
  Speaker 1: see how many subscriptions they really have. Look, it's easier
• 2:53
  Speaker 1: said than done. It's certainly not complicated. It might not
• 2:56
  Speaker 1: be easy, but let's start with our bank accounts. When
• 2:59
  Speaker 1: was the last time, you know, we used to balance
• 3:02
  Speaker 1: our checkbooks. We knew to the penny by the way,
• 3:05
  Speaker 1: We used to know every penny that went out at
• 3:08
  Speaker 1: every penny that came in to those accounts. Those days
• 3:11
  Speaker 1: are long gone. With all of the other cashs, cash
• 3:16
  Speaker 1: app being one of them, venmo Zell, all these other
• 3:20
  Speaker 1: different financial institutions along with our bank accounts. Again, I'm
• 3:24
  Speaker 1: not saying it's easy, but it's not complicated. You have
• 3:27
  Speaker 1: to go into those accounts and see what you're being
• 3:30
  Speaker 1: charged for, really go through it with a fine toothcomb. Unfortunately,
• 3:36
  Speaker 1: most people skim through their statements and they're looking for
• 3:38
  Speaker 1: anything over twenty bucks fifty bucks. You know, if it
• 3:42
  Speaker 1: doesn't have three digits, maybe they don't pay attention. But
• 3:45
  Speaker 1: when you look at the average consumer is at about
• 3:48
  Speaker 1: two hundred dollars a month in subscriptions, and in recent
• 3:53
  Speaker 1: surveys that's about one hundred dollars a month more than
• 3:57
  Speaker 1: they were aware of. So they're paying at one hundred
• 4:00
  Speaker 1: bucks a month for subscriptions that they had no idea
• 4:03
  Speaker 1: they were paying. That's a lot of money. So if
• 4:06
  Speaker 1: you're an if you're an Apple person, right, if you
• 4:08
  Speaker 1: have an iPhone or you use Apple, you just go
• 4:12
  Speaker 1: to your iPhone device, you go to settings, you tap
• 4:15
  Speaker 1: Profile and then you tap subscriptions and it will go
• 4:20
  Speaker 1: through all of your subscriptions, right, and Apple the people
• 4:27
  Speaker 1: that's paying for right, exactly anything that you've set up
• 4:31
  Speaker 1: through Apple pay. Then on if you're an Android or Google,
• 4:35
  Speaker 1: you go to your Android device and you go to
• 4:38
  Speaker 1: the play store, tap on the menu icon and look
• 4:41
  Speaker 1: for subscriptions and all of the ones that are based
• 4:45
  Speaker 1: at least you know within those you know, uh environments,
• 4:50
  Speaker 1: you're going to see what you're actually paying for.
• 4:54
  Speaker 3: M that's crazy, Matt, it's really critm easy.
• 5:00
  Speaker 1: It's it is, it is And there's also I know
• 5:05
  Speaker 1: for Apple, I'm not sure about Google and Android, but
• 5:08
  Speaker 1: you can check a box for the renewer receipts that
• 5:12
  Speaker 1: you will get aworded when those subscriptions get renewed, because
• 5:16
  Speaker 1: part of the problem here is exactly that usually when
• 5:21
  Speaker 1: they offer you the subscription, it's at a discount, quote unquote,
• 5:25
  Speaker 1: the next time you pay for it, it's going to
• 5:28
  Speaker 1: be very different. So people have to be aware of
• 5:32
  Speaker 1: when those subscriptions are going to renew because that's when
• 5:37
  Speaker 1: the prices usually go up. For sure, the recurring charges,
• 5:41
  Speaker 1: free trials, auto renewals, monthly subscriptions, that's just a lot
• 5:46
  Speaker 1: of dead weight and money for consumers. And look, we
• 5:50
  Speaker 1: also have to hold ourselves accountable a little bit here
• 5:53
  Speaker 1: and culpable. We get you know, we're clickbait animals. We
• 5:57
  Speaker 1: get involved in stuff. You know, we want to know.
• 6:02
  Speaker 1: Some of the clubs that I've seen recently, the Pickle
• 6:05
  Speaker 1: of the Month club, the Cannabox for all of our
• 6:08
  Speaker 1: cannabis loving friends. You can get all sorts of ganja
• 6:12
  Speaker 1: accessories during Cannabi.
• 6:14
  Speaker 3: I don't do that, at least I don't do that,
• 6:16
  Speaker 3: so I'm not worry about my cannabis or the month club.
• 6:20
  Speaker 1: Yeah, the adult coloring Adults Coloring monthly, where they'll send
• 6:25
  Speaker 1: you blank things that you're going to color in. I
• 6:29
  Speaker 1: mean it gets crazy, crazy crazy. Part of the problem here, also, Jerry,
• 6:34
  Speaker 1: is it they make it so simple or they disguise
• 6:38
  Speaker 1: it right. So at the end of the terms and conditions,
• 6:42
  Speaker 1: there's usually a box it says check here if you agree. Well,
• 6:45
  Speaker 1: the box right under that usually says something like check
• 6:48
  Speaker 1: this box if you'd like to subscribe to our emails
• 6:51
  Speaker 1: and information and promotions. And most people are just going
• 6:55
  Speaker 1: through checking the boxes because they think they have to
• 6:57
  Speaker 1: check all the boxes in order to complete that initial transaction.
• 7:03
  Speaker 1: Then when you go to cancel, it's not as easy
• 7:06
  Speaker 1: as just checking a box. You have to go through,
• 7:09
  Speaker 1: you know, numerous hurdles to get to the endpoint. Look
• 7:13
  Speaker 1: the FTC as we speak, by the way, they're still
• 7:17
  Speaker 1: sending Vontage customers. It's over one hundred million dollars in
• 7:21
  Speaker 1: refunds because Vonage made it almost impossible to cancel their subscription.
• 7:27
  Speaker 1: So one hundred million dollars in refunds from a company
• 7:31
  Speaker 1: that knew exactly what they were doing. Yeah, and it's
• 7:34
  Speaker 1: it's it's deceitful, it's it's fraudulent, you know, it's false advertising.
• 7:41
  Speaker 1: It's just leading the consumer. By the way, at the
• 7:44
  Speaker 1: worst time ever right now, when the consumer can't afford
• 7:47
  Speaker 1: to do anything on top of what they're already paying for.
• 7:51
  Speaker 1: Consumers just have to be you know, they have to
• 7:54
  Speaker 1: hold themselves accountable. Yes, the FTC is constantly going after
• 7:59
  Speaker 1: some of these bigger cumpanies, the Consumer Financial Protection Bureau,
• 8:02
  Speaker 1: but at the end of the day, we have to
• 8:04
  Speaker 1: protect ourselves. Go through your credit card statements, go through
• 8:08
  Speaker 1: your bank accounts, and if there's something that you don't recognize,
• 8:11
  Speaker 1: you and I spoke before, you can call your bank
• 8:14
  Speaker 1: and say I want to stop on these charges. As
• 8:17
  Speaker 1: a matter of fact, I want a dispute. Then you
• 8:19
  Speaker 1: go back and you look and you've been getting charged,
• 8:21
  Speaker 1: you know, nineteen ninety five for eight months from cannabox
• 8:26
  Speaker 1: and you're like, they don't think I ever signed up
• 8:29
  Speaker 1: any So your banks can usually help you out. Credit
• 8:33
  Speaker 1: card companies can usually help you out. But somehow you'll
• 8:36
  Speaker 1: be able to figure out where the website is and
• 8:39
  Speaker 1: how you ultimately have to cancel this subscription. All of
• 8:43
  Speaker 1: these companies that now have subscriptions, they are on by alert.
• 8:47
  Speaker 1: If a customer calls in and says, you're making it
• 8:50
  Speaker 1: really difficult for me to cancel this service. They will
• 8:54
  Speaker 1: help you because they know they're going to get called
• 8:56
  Speaker 1: on the carpet and like v right, yeah, exactly exactly.
• 9:02
  Speaker 3: His vantage still around.
• 9:03
  Speaker 1: Oh yeah, vantage is still around. Week. I actually use
• 9:06
  Speaker 1: vontage for my for my business phone systems.
• 9:09
  Speaker 3: Oh really, okay, yep, I didn't know that. I didn't
• 9:12
  Speaker 3: know they were still here, all right, So, uh, you know,
• 9:16
  Speaker 3: this is like insane here. I had no idea it
• 9:19
  Speaker 3: was this bad.
• 9:20
  Speaker 1: But I'm looking through my own stuff and it's easy
• 9:23
  Speaker 1: enough to do. If you use Quicken.
• 9:25
  Speaker 3: You just go into it, into the account, you click spending,
• 9:28
  Speaker 3: and then you sort it by payee and see, like
• 9:33
  Speaker 3: you know, I've got like there's so many ridiculous you know,
• 9:37
  Speaker 3: some of them most of them I need, but some
• 9:39
  Speaker 3: of them are just stupid. Like I I'm paying for
• 9:42
  Speaker 3: a Skype number nine dollars and ninety nine cents a month.
• 9:47
  Speaker 3: I mean, what do I need that for? Here? Yeah?
• 9:49
  Speaker 1: His Skype still a ramp.
• 9:51
  Speaker 3: Yeah Skype, hard to believe Microsoft owns them now, believe
• 9:55
  Speaker 3: it or not. And yes, uh you know it's there's
• 10:02
  Speaker 3: still a refound.
• 10:05
  Speaker 1: There. So listen. On top of all of this, you know,
• 10:09
  Speaker 1: I think it's really important that we also touch base
• 10:11
  Speaker 1: on the current state of affairs for the average consumer.
• 10:16
  Speaker 1: You and I spoke about where can we save money,
• 10:20
  Speaker 1: because unless you're going to get a second job, which
• 10:23
  Speaker 1: you may have to to make ends meet, unless you
• 10:26
  Speaker 1: win the lottery, you get an inheritance, you have to
• 10:29
  Speaker 1: figure out where the money is going to come from
• 10:31
  Speaker 1: to try and help you get out of debt. Right.
• 10:33
  Speaker 1: Credit card debt, unfortunately now is at an all time high,
• 10:38
  Speaker 1: and the interest rates are at an all time high.
• 10:42
  Speaker 1: Those two things, you know, coupled together are the perfect
• 10:45
  Speaker 1: storm for the consumer. Because if you're paying thirty percent
• 10:51
  Speaker 1: interest daily, compounding interest, which means your your balance increases
• 10:57
  Speaker 1: every day based upon the previous day's battance. So unless
• 11:02
  Speaker 1: you're paying it down, you don't have to spend another time.
• 11:05
  Speaker 1: At the end of the billage cycle, you're going to
• 11:07
  Speaker 1: owe more than you did at the beginning of the month.
• 11:10
  Speaker 1: So where's the money going to come from? Do an
• 11:13
  Speaker 1: insurance protection audit. Most people are either over insured or
• 11:18
  Speaker 1: under insured. Most people are over insured or they're paying
• 11:22
  Speaker 1: too much. Their situations have changed, their credit has changed.
• 11:27
  Speaker 1: Let's not forget insurance policies and premiums are directly tied
• 11:32
  Speaker 1: to our credit scores. They don't call them credit scores,
• 11:36
  Speaker 1: but it's an insurance score that uses the same information
• 11:40
  Speaker 1: as our credit scores. So do an insurance protection audit,
• 11:44
  Speaker 1: get some quotes on your homeowners and auto insurance and
• 11:48
  Speaker 1: try and figure that out. Health insurance costs or through
• 11:52
  Speaker 1: the roof. It's a little harder to shop around for
• 11:56
  Speaker 1: health insurance, but there are options out there. Maybe you
• 11:59
  Speaker 1: do a higher deductible, maybe you get into a health
• 12:02
  Speaker 1: you know, savings account for your higher deductible premiums. If
• 12:07
  Speaker 1: you don't go to the doctor or a lot, you
• 12:08
  Speaker 1: don't take a lot of medications, then maybe a higher
• 12:12
  Speaker 1: deductible is right for you. But you have to look
• 12:15
  Speaker 1: at all of this stuff, and you know what. It
• 12:17
  Speaker 1: takes a little time, but you and I spoke before.
• 12:21
  Speaker 1: Stop scrolling through TikTok and Facebook and watching TV. Take
• 12:26
  Speaker 1: an hour a half an hour of a couple of
• 12:30
  Speaker 1: days this week and sit down and figure out your
• 12:33
  Speaker 1: household budget. The typical household now is like a small business.
• 12:40
  Speaker 1: You could easily have one hundred transactions a week. So
• 12:44
  Speaker 1: figure out where the money is going and figure out
• 12:47
  Speaker 1: where I can save some money, take a look at
• 12:50
  Speaker 1: all of the things you're spending money on and ask
• 12:53
  Speaker 1: for a discount. When was the last time you went
• 12:56
  Speaker 1: back to your your internet provider, your cable company, you know,
• 13:00
  Speaker 1: maybe change your plans. Do you really need seven hundred
• 13:03
  Speaker 1: and nineteen channels when you only watch six of them?
• 13:06
  Speaker 1: Maybe you don't need cable at all. Use an internet
• 13:08
  Speaker 1: provider and some streaming services. Yeah, cut the court, cut
• 13:11
  Speaker 1: the court. So yeah, interesting. Interesting.
• 13:14
  Speaker 3: And the people that come to you, what percentage of
• 13:18
  Speaker 3: them are using like quick in or it's some personal
• 13:22
  Speaker 3: finance manager to track all their expenses?
• 13:25
  Speaker 1: Is it? Most people now use it? No, Unfortunately it's not.
• 13:29
  Speaker 1: And I'm a big advocate of mint dot com. It's
• 13:34
  Speaker 1: a great place for people to start that basic household
• 13:39
  Speaker 1: budget expense tool. Mint dot com, I'm a big fan.
• 13:44
  Speaker 1: But there are others out there, you know. Fortunately, there's
• 13:47
  Speaker 1: lots of different free softwares out there. I think quick
• 13:51
  Speaker 1: And you pay a couple of bucks for, but you
• 13:53
  Speaker 1: get what you pay for. It's a much better it's
• 13:55
  Speaker 1: a more robust service, and it pays for itself by
• 14:02
  Speaker 1: identifying these types of things like we just spoke about,
• 14:05
  Speaker 1: let's identify all of the payees that I'm paying every
• 14:09
  Speaker 1: single month my art earned money because at the end
• 14:12
  Speaker 1: of day, people do not pay attention, unfortunately to their
• 14:16
  Speaker 1: expenses unless it's a major ticket item. But all of
• 14:20
  Speaker 1: those onesies and twosies, you could do it. You could
• 14:23
  Speaker 1: do an analysis and find out, holy cow, I'm spending
• 14:29
  Speaker 1: two hundred and thirty dollars a month at wah wah
• 14:32
  Speaker 1: quick check these convenience stores. And my number one thing
• 14:37
  Speaker 1: message to everybody for this has been going on for
• 14:39
  Speaker 1: a decade. Stay out of convenience stores. Stay out of them.
• 14:43
  Speaker 1: There's a reason, there's a reason why they're there. You're
• 14:46
  Speaker 1: paying thirty percent premiums on every single piece of merchandise.
• 14:50
  Speaker 1: And if you go in for coffee, because the coffee's cheaper,
• 14:54
  Speaker 1: but that's the that's the front, that's the loss leader.
• 14:57
  Speaker 1: They want to bring in by offering a dollar cup
• 15:00
  Speaker 1: of coffee. But then while you're there, oh, let me
• 15:02
  Speaker 1: get a pack of dumb Oh let me get this
• 15:05
  Speaker 1: now it's it's somewhat painless, but you're paying a thirty
• 15:08
  Speaker 1: percent premium on every single item. Stay out of convenience
• 15:13
  Speaker 1: stores and you will thank me later. But do that
• 15:16
  Speaker 1: spend analysis too. Like you just if you don't want
• 15:18
  Speaker 1: to use the software, break out the pad and pen. Okay,
• 15:22
  Speaker 1: go through your bills, go through your statements, write it
• 15:25
  Speaker 1: all down if you want to write it, write it
• 15:27
  Speaker 1: and then figure out what can I what can I
• 15:30
  Speaker 1: get rid of? And it literally adds up. Like you said,
• 15:33
  Speaker 1: you know, one hundred dollars a month is a tho.
• 15:37
  Speaker 1: It's over one thousand dollars a year. WHU to at
• 15:39
  Speaker 1: the you know on December thirty first, if I started
• 15:42
  Speaker 1: handing out checks for one thousand dollars, people will get excited.
• 15:45
  Speaker 1: Well you can literally, you can hear it yourself a chat. Yeah,
• 15:49
  Speaker 1: it's so easy to do.
• 15:50
  Speaker 3: Hey, I've been using quick and literally for twenty five years,
• 15:54
  Speaker 3: but I haven't really used the budgeting thing, and not
• 15:57
  Speaker 3: a big budgeting person. But you know, I'm aware of
• 16:01
  Speaker 3: every dollar I spend because I update my transactions daily,
• 16:06
  Speaker 3: so I know where my money's going. But still it
• 16:09
  Speaker 3: could still get away from me.
• 16:11
  Speaker 1: Right absolutely, you know it could happen to the best
• 16:14
  Speaker 1: of us. So, especially if you're struggling, especially if you're
• 16:20
  Speaker 1: trying to make ends meet, especially if you have one
• 16:24
  Speaker 1: dollar in credit card debt. You have to. It's just
• 16:28
  Speaker 1: it's imperative that you figure out how you're going to
• 16:32
  Speaker 1: start to pay down that debt. Now, the good news
• 16:34
  Speaker 1: is just like it accelerates when you're you know, increasing
• 16:38
  Speaker 1: your balance, is the debt elimination process accelerates itself. So
• 16:45
  Speaker 1: as you start to pay down the debt, you're paying
• 16:48
  Speaker 1: down more and more of that principal ballance every dollar,
• 16:51
  Speaker 1: every single week, every single day, every single month. So
• 16:55
  Speaker 1: just start the process. But that also means that you're
• 16:59
  Speaker 1: not putting any additional charges on credit cards. You have
• 17:03
  Speaker 1: to be able to live off the income that you're making.
• 17:08
  Speaker 1: We do not want to put another dollar on a
• 17:10
  Speaker 1: credit card right now. It is the worst thing you
• 17:12
  Speaker 1: can do.
• 17:12
  Speaker 3: It sounds so simple and principle, doesn't that, But in reality,
• 17:17
  Speaker 3: you know, it's hard. But it requires some discipline, right,
• 17:21
  Speaker 3: It requires time and discipline.
• 17:23
  Speaker 1: It requires time and discipline. But again, people spend more
• 17:26
  Speaker 1: time planning vacations, People spend more time on social media,
• 17:30
  Speaker 1: people spend more time, you know, wasting time. Then sit
• 17:34
  Speaker 1: down and this is how you do. So we can
• 17:37
  Speaker 1: go on and on and on for days, but if
• 17:40
  Speaker 1: I were you, I would block time in a certain day.
• 17:45
  Speaker 1: If it's Sunday afternoon. If it's Sunday morning, maybe you
• 17:49
  Speaker 1: get up an hour earlier. One day, you spend you know,
• 17:52
  Speaker 1: seven instead of watching sports or something seven o'clock on
• 17:56
  Speaker 1: a Wednesday night. However you want to do it, you
• 17:59
  Speaker 1: block the time, and then you hold yourself accountable. This
• 18:03
  Speaker 1: is the time. I'm going to go through all my bills.
• 18:05
  Speaker 1: I'm going to create a budget. I'm going to do
• 18:07
  Speaker 1: a spend analysis, and I'm going to figure out how
• 18:10
  Speaker 1: to get out of debt. Because if you don't do
• 18:12
  Speaker 1: it that way, before you know it, people live in
• 18:15
  Speaker 1: a crisis mode every thirty days. Yeah, and they live
• 18:20
  Speaker 1: in a crisis mode every thirty days. You know. Oh,
• 18:23
  Speaker 1: it's the end of the month and I have to
• 18:26
  Speaker 1: kids are going back to school. I have to get
• 18:28
  Speaker 1: Johnny or Mary. I got to get the kids book bags.
• 18:31
  Speaker 1: I got to do that. So what happened They put
• 18:33
  Speaker 1: it on a credit card because they didn't plan So
• 18:35
  Speaker 1: at the end of the month, if you need groceries,
• 18:38
  Speaker 1: they put it on a credit card because they didn't
• 18:39
  Speaker 1: plan it. At the end of the month, they need
• 18:41
  Speaker 1: a tank of gas. So you have to sit down
• 18:44
  Speaker 1: and do this because it only gets worse. It just
• 18:49
  Speaker 1: continues to pile up. It's a very very slippery slope.
• 18:53
  Speaker 1: Debt is, you know, and it's painful at the end
• 18:56
  Speaker 1: of the day. Unfortunately, in this country, people commit suicide
• 19:00
  Speaker 1: because they're in debt. And I don't want to say
• 19:04
  Speaker 1: they don't they you know, they didn't have to be
• 19:06
  Speaker 1: in debt. They There's a great book out there called
• 19:08
  Speaker 1: You're Broke Because You Want to Be and I love
• 19:11
  Speaker 1: it because it really puts the onus back on the
• 19:14
  Speaker 1: consumer of the individual, and it says, hey, you're broke
• 19:17
  Speaker 1: because you want to be, and these are the reasons
• 19:19
  Speaker 1: why you're broke. One of the top reasons in that
• 19:22
  Speaker 1: book convenience stores and overpaying for things because your credit
• 19:27
  Speaker 1: score is not as high as it should be or
• 19:29
  Speaker 1: could be. You know your credit score is going to
• 19:32
  Speaker 1: cost or save you money every single day, so do
• 19:36
  Speaker 1: whatever you can. So start to focus on your credit.
• 19:40
  Speaker 1: Figure out why your scores are so low. A lot
• 19:42
  Speaker 1: of times the scores are low because the credit card
• 19:45
  Speaker 1: balances are so high, but you can work on that.
• 19:48
  Speaker 1: A lot of times the scores are so low because
• 19:50
  Speaker 1: you don't have enough open active accounts, so there are
• 19:54
  Speaker 1: there are credit builder accounts. Just like you spoke about
• 19:58
  Speaker 1: quicking and mint and all of these things, there are
• 20:00
  Speaker 1: credit builder accounts out there. Like there's a company called
• 20:04
  Speaker 1: self and they will give you a credit builder loan.
• 20:07
  Speaker 1: Then I am telling you that the end of twelve
• 20:10
  Speaker 1: twenty four months, it has a tremendous impact on your
• 20:14
  Speaker 1: overall credit score. So if you need to open up
• 20:17
  Speaker 1: secured cards, open up secured cards, and look, you can
• 20:21
  Speaker 1: raise your hand and say I need help, right, I'm
• 20:25
  Speaker 1: going to swallow my pride here, and I need help.
• 20:28
  Speaker 1: So that's where a company like my company, better Qualified
• 20:32
  Speaker 1: comes in. If you choose to hire us, it's like
• 20:35
  Speaker 1: hiring a personal trainer. Right. We do it all day,
• 20:38
  Speaker 1: every day. We've trained thousands of people, right, So we've
• 20:42
  Speaker 1: helped thousands of people, and we've been doing it for
• 20:44
  Speaker 1: twenty years. So no one's going to judge you because
• 20:48
  Speaker 1: this is your first rodeo and you're trying to figure
• 20:51
  Speaker 1: this out, and you might raise your hand and say,
• 20:53
  Speaker 1: you know what, I need help and at least allow us.
• 20:57
  Speaker 1: Here's the best thing about the company and the program
• 21:01
  Speaker 1: that we've built. The credit consultation and analysis is free
• 21:06
  Speaker 1: at the end of that phone call. You're going to
• 21:08
  Speaker 1: know exactly what to do and what not to do.
• 21:11
  Speaker 1: It's like going to the personal train of the first time.
• 21:14
  Speaker 1: They're going to give you the roadmap. Now, if you
• 21:17
  Speaker 1: need help staying on that, staying on the path and
• 21:20
  Speaker 1: staying on the road, then hire somebody to help you
• 21:24
  Speaker 1: do it. Yeah. Our program there's yeah, and here's the
• 21:29
  Speaker 1: beauty again part of I love what I do right
• 21:32
  Speaker 1: twenty years later. Our program pays for itself. It's not
• 21:36
  Speaker 1: a question of if it's going to pay for itself.
• 21:39
  Speaker 1: It's a question of when and if you If you
• 21:41
  Speaker 1: apply for a mortgage and we get your scores up
• 21:44
  Speaker 1: from a six hundred to over a seven hundred, it'll
• 21:48
  Speaker 1: pay for itself within a couple of months. If you're
• 21:51
  Speaker 1: buying a car again, Insurance premials, security deposits. If you
• 21:58
  Speaker 1: go to get your gas turned on, you go to
• 22:01
  Speaker 1: get this and you don't have excellent credit, they're going
• 22:04
  Speaker 1: to ask you for a security deposit or now you're
• 22:06
  Speaker 1: going to get it back. But I'd rather have that
• 22:08
  Speaker 1: money in my account than sitting in somebody else's account
• 22:11
  Speaker 1: burning them interest. Yeah.
• 22:12
  Speaker 3: I couldn't agree with you more. Hey, all of this
• 22:15
  Speaker 3: is common sense. But as they say, common sense is
• 22:18
  Speaker 3: the least common commodity in the universe. So you better
• 22:22
  Speaker 3: get started now, don't hesitate to better qualified dot com.
• 22:27
  Speaker 3: The link is in the show notes this interview on
• 22:29
  Speaker 3: Financial Survival Network dot com. And there's no easier path
• 22:33
  Speaker 3: to financial survival than controlling your spending and raising your
• 22:37
  Speaker 3: credit score. And I've got any questions comments for myself
• 22:41
  Speaker 3: or Paul The email addresses kl at Carrie LUTs dot com.
• 22:44
  Speaker 3: When you're over at Financial Survival Network dot com, sign
• 22:48
  Speaker 3: up for your free newsletter, Paul, Oh is a pleasure.
• 22:50
  Speaker 1: I'll talk to you again real soon.
• 22:52
  Speaker 2: Thanks Jerry, thanks for listening to carry Lets's Financial Survival
• 22:56
  Speaker 2: Network your solution to today's trying time. For the latest,
• 23:01
  Speaker 2: go to Financial Survivalnetwork dot com. Financial Survival Network now
• 23:07
  Speaker 2: more than ever,