1
00:00:00,240 --> 00:00:04,280
Well, we're seeing people spend equal
as much. Now, Remember people have

2
00:00:04,400 --> 00:00:07,559
less disposable income than they did last
year, So on average, the average

3
00:00:07,559 --> 00:00:12,039
family has five to seven thousand dollars
less as a family to spend than they

4
00:00:12,039 --> 00:00:16,320
did last year. So here's where
That's why we're seeing credit card debt go

5
00:00:16,440 --> 00:00:21,960
up, and that's why buy now, pay later is going to be a

6
00:00:22,039 --> 00:00:28,079
strong trend for this holiday season.
You're listening to Carrie Lutz's Financial Survival Network

7
00:00:28,239 --> 00:00:33,240
where you get valuable information. You
just can't find anywhere else to thrive in

8
00:00:33,240 --> 00:00:38,679
today's trying times. You need the
Financial Survival Network now more than ever.

9
00:00:39,280 --> 00:00:45,000
Go to Financial Survivalnetwork dot com and
get your free newsletter and gift. Financial

10
00:00:45,119 --> 00:00:54,200
Survival Network now more than ever,
and welcome. You are listening to the

11
00:00:54,399 --> 00:00:58,880
Financial Survival Network. I'm your host, Carrie Lutz. Well, it's a

12
00:00:58,920 --> 00:01:03,799
tough Christmas season in looks like the
country is heading into a potential recession,

13
00:01:03,880 --> 00:01:07,200
could be a deep one. Got
a lot of problems out there in the

14
00:01:07,280 --> 00:01:11,920
horizon. What are we going to
do? Uh? Well, the buy

15
00:01:12,079 --> 00:01:17,959
now, the buy now, pay
later plan is back in vogue. Everybody

16
00:01:18,000 --> 00:01:22,120
seems to be offering it. Carl
Gould is with us Now, Carl,

17
00:01:22,159 --> 00:01:23,480
it's great to have you back on
the show. He you've got a question

18
00:01:23,519 --> 00:01:30,159
for Carl and myself. Kl at
Kerrie LEDs dot com is the email address,

19
00:01:30,760 --> 00:01:38,159
and Carl, you are president business
management firm Seven Stage Advisors. So

20
00:01:38,200 --> 00:01:42,920
buy now, pay now for some
people, it's buy now, payever,

21
00:01:42,079 --> 00:01:47,280
right, it could be Look,
it's you know, with all that's going

22
00:01:47,319 --> 00:01:49,280
on right now, companies have to
get more creative as to how to bring

23
00:01:49,319 --> 00:01:55,120
in a customer. It's the most
expensive thing that they do when it comes

24
00:01:55,200 --> 00:01:59,599
to fulfilling. You know, their
services and products to their customers is getting

25
00:01:59,599 --> 00:02:02,840
them in the first place. And
so and it's eight times more expensive to

26
00:02:04,040 --> 00:02:07,439
get a new customer than keep an
existing one. So they've got to get

27
00:02:07,439 --> 00:02:09,479
creative. So they say, all
right, well you come and buy now,

28
00:02:09,599 --> 00:02:14,560
pay later. It's almost like an
in house finance program. And it's

29
00:02:14,960 --> 00:02:19,599
a way to attract more customers and
get more foot traffic into their locations.

30
00:02:20,000 --> 00:02:23,479
Well, you know they've got this
zero percent financing. They've got you know,

31
00:02:23,599 --> 00:02:30,560
make no payments until January twenty twenty
five, like at furniture stores.

32
00:02:31,919 --> 00:02:37,439
You know, is this going to
make any difference? The people take advantage

33
00:02:37,479 --> 00:02:39,719
of it. Oh, it will, it will because we you know,

34
00:02:39,759 --> 00:02:45,520
we very much appreciate the impulse buy. We will. We will spend money

35
00:02:45,560 --> 00:02:49,520
on things that we that we see
or if we run out of budget,

36
00:02:50,120 --> 00:02:52,919
but there's still something really important to
us that we want to get, especially

37
00:02:53,000 --> 00:02:57,639
during the holiday season, We're going
to make that purchase. So it's genestly

38
00:02:57,680 --> 00:03:00,080
people put more on their credit cards. This is another form of that.

39
00:03:00,159 --> 00:03:04,919
So yeah, you'll you'll see an
uptick in purchases as a result. Just

40
00:03:04,919 --> 00:03:07,280
need to be careful. Mm hmmm. Hey, well, one nice thing

41
00:03:07,360 --> 00:03:12,319
is when you do the buy buy
now, pay later plan doesn't go on

42
00:03:12,360 --> 00:03:15,919
your credit report, does it generally, right? So that is one of

43
00:03:15,919 --> 00:03:20,560
those nice things. Now, yeah, you want to check the fine print

44
00:03:20,840 --> 00:03:25,400
to make sure that it doesn't because
a larger store that already has its own

45
00:03:25,479 --> 00:03:31,439
credit department, like a home depot
like L's, like a Macy's. In

46
00:03:31,560 --> 00:03:35,360
the fine print, it could say
that if you miss a payment, it

47
00:03:35,400 --> 00:03:38,439
goes on your credit report. So
you do want to be careful about that

48
00:03:38,560 --> 00:03:40,719
because if you're going to buy one
hundred dollars item and you do buy now,

49
00:03:40,719 --> 00:03:44,360
pay later, you think you're going
to spend one hundred dollars. But

50
00:03:44,479 --> 00:03:47,520
maybe there's an admin fee to get
onto the program, maybe there's interest,

51
00:03:47,919 --> 00:03:53,520
maybe there's a convenience fee. Maybe
there's a penalty if you don't pay on

52
00:03:53,639 --> 00:03:57,960
time. These are the sorts of
things that you want to make sure are

53
00:03:58,000 --> 00:04:01,120
not part of the program, or
you least know about them before you get

54
00:04:01,159 --> 00:04:06,479
into them, right, So,
I guess some people will take advantage of

55
00:04:06,520 --> 00:04:11,759
it. Huh. What other innovative
ways to bring customers into the stores of

56
00:04:11,840 --> 00:04:15,040
the websites are you seeing now?
Well, they're doing a lot of bundling.

57
00:04:15,959 --> 00:04:18,399
You know, when times are tough, it's hard to just charge a

58
00:04:18,519 --> 00:04:21,680
retail price for something. So what
they might do is they might put a

59
00:04:21,680 --> 00:04:26,160
bundle together. Instead of buying that
T shirt in that hat, they'll put

60
00:04:26,160 --> 00:04:29,160
the two together, They'll put a
they'll put a band around it, and

61
00:04:29,199 --> 00:04:32,480
they'll and they'll say, hey,
two for twenty instead of buying them separately

62
00:04:32,480 --> 00:04:38,279
it would be thirty. They're also
using clearance racks. If you noticed,

63
00:04:38,600 --> 00:04:46,519
did you notice Black Friday started right
after Halloween? It didn't start on after

64
00:04:46,560 --> 00:04:50,519
the damn Thanksgiving. It started then
it went all the way through the weekend.

65
00:04:50,639 --> 00:04:54,839
It's still going on. Yeah,
Black friend is a month long now,

66
00:04:55,360 --> 00:04:58,560
yeah, exactly, Friday is a
state of mind. I think it.

67
00:04:58,959 --> 00:05:01,240
Well, you're right, because it's
no longer a day. So even

68
00:05:01,319 --> 00:05:06,319
Black Friday even starts on Thanksgiving in
some places. So people are you know,

69
00:05:08,959 --> 00:05:12,600
companies are using a lot of promotions, they're using a lot of discounts,

70
00:05:12,600 --> 00:05:16,319
They're using a lot of very clever
tactics to make it appealing. So

71
00:05:16,399 --> 00:05:21,399
you think you're getting a good deal
and you and you patronize their particular store.

72
00:05:21,959 --> 00:05:26,920
Amazon is giving free delivery. There's
a lot of different hooks to get

73
00:05:26,920 --> 00:05:30,680
somebody to start buying. Hey,
so it looked like there were less riots

74
00:05:30,879 --> 00:05:35,199
this Black Friday too, Maybe spreading
it out as a good thing, you

75
00:05:35,240 --> 00:05:38,720
know, it could be, you
could be. It's hard. It's hard

76
00:05:38,720 --> 00:05:42,839
to know if that's the case.
But what we have definitely seen is retailers

77
00:05:42,879 --> 00:05:47,560
are upping their security and more importantly, their security presence. So someone's less

78
00:05:47,639 --> 00:05:53,319
likely to, you know, to
grab and run if they see security right

79
00:05:53,399 --> 00:05:57,639
at the door. You know,
the stores that were getting hit, you

80
00:05:57,680 --> 00:06:00,000
know, look, no one deserves
to be robbed, but the store is

81
00:06:00,040 --> 00:06:02,199
that we're getting hit. Were the
ones that not only were vulnerable, but

82
00:06:02,279 --> 00:06:06,639
they looked vulnerable. They looked as
though they didn't have a security presence,

83
00:06:06,959 --> 00:06:12,279
and so that emboldens somebody who's going
to try to snatch stuff from your store.

84
00:06:12,519 --> 00:06:15,879
Yeah, well you know they would
like be fighting each other off for

85
00:06:16,000 --> 00:06:21,000
toaster ovens and stuff. Then remember
that guy in Long Island got trampled to

86
00:06:21,120 --> 00:06:27,600
death, like takes to go and
it's just was out of control. So

87
00:06:28,000 --> 00:06:30,720
if you could spread it out and
keep them away from the stores, maybe

88
00:06:30,720 --> 00:06:34,560
that's not such a bad thing,
right right, Well, look, the

89
00:06:34,600 --> 00:06:40,600
retail is going to continue to be
under pressure. It's it's changing. The

90
00:06:40,680 --> 00:06:46,360
retail world has changed since the Amazon
effect really accelerated during the pandemic, so

91
00:06:46,399 --> 00:06:51,879
that really did change things. Retail
still has its place and people still do

92
00:06:53,079 --> 00:06:57,240
like to come out and look and
touch things and consult this with the sales

93
00:06:57,279 --> 00:07:00,160
reps so they make sure that they're
buying the right thing. There's still a

94
00:07:00,199 --> 00:07:03,279
place for that and there always will
be. But the retail shops have to

95
00:07:03,319 --> 00:07:08,319
create a compelling experience in order for
people to come back. Okay, so

96
00:07:08,480 --> 00:07:11,519
an interesting item that popped up here, I just want to run it by

97
00:07:11,560 --> 00:07:18,399
you. In Europe, Amazon was
hit by multiple strikes because they're not it's

98
00:07:18,439 --> 00:07:25,399
mainly working conditions. You know,
they do some things over there that might

99
00:07:25,439 --> 00:07:30,279
be acceptable here but are not acceptable
in Europe, and they're kind of like,

100
00:07:30,920 --> 00:07:38,120
I mean, look, two thousand
workers struck across six Amazon fulfillment centers

101
00:07:38,759 --> 00:07:43,480
in Germany. You know, what
are they doing wrong here? KORL.

102
00:07:43,600 --> 00:07:46,800
Well, you do need to know
your audience, and you do need to

103
00:07:46,839 --> 00:07:50,879
know what is acceptable, you know, labor practices in each of these states

104
00:07:50,959 --> 00:07:58,240
now in these countries. Now,
you know, Amazon is a very is

105
00:07:58,279 --> 00:08:03,360
a company that has a lot of
accountability in its workplace, and not everybody

106
00:08:03,480 --> 00:08:07,319
likes that. And you know,
they are very data driven and they're very

107
00:08:07,319 --> 00:08:11,000
accountability driven, and you know,
you're you're going to have that issue.

108
00:08:11,000 --> 00:08:15,600
I don't know that they're doing anything
wrong, but how you institute things like

109
00:08:15,680 --> 00:08:18,879
that sometimes is the difference. And
they just need to make sure that they're

110
00:08:18,879 --> 00:08:24,680
communicating the expectations properly and you know, and enforcing what they say and not

111
00:08:24,839 --> 00:08:28,480
enforcing what they don't say. Yeah, yeah, well they're still popular though,

112
00:08:30,319 --> 00:08:33,759
sure, sure, amazing amazing company. You know, I wonder what

113
00:08:33,840 --> 00:08:39,039
modern life would be like without them
sometimes, you know, Yeah, I

114
00:08:39,240 --> 00:08:43,519
just do it sometimes just because I'm
lazy, I don't want to go to

115
00:08:43,559 --> 00:08:45,879
the store. It's not so much
I don't want to go to the store,

116
00:08:45,919 --> 00:08:50,440
but I know that a certain product
I'm looking for I have difficulty finding

117
00:08:50,679 --> 00:08:54,840
at the local supermarket. That's the
point right there, Kerry. Amazon has

118
00:08:54,879 --> 00:08:58,080
engendered trust that if they say they
have it, they have it, and

119
00:08:58,240 --> 00:09:01,480
you can't always rely on your local
store or to have what they have historically

120
00:09:01,720 --> 00:09:05,720
had on the shelves. And Amazon
makes it super easy to find out.

121
00:09:05,799 --> 00:09:07,480
You go right on the site,
you do a search, they have it,

122
00:09:07,519 --> 00:09:09,559
they don't have it. They tell
you when you're going to get it,

123
00:09:09,639 --> 00:09:13,559
and they just manage your expectations,
I think, as much as anything

124
00:09:13,559 --> 00:09:16,120
else, that's what they're good at. You know, if I told you

125
00:09:16,200 --> 00:09:18,799
something that you really wanted was going
to come in three days instead of two,

126
00:09:18,840 --> 00:09:22,320
I don't think you would care,
but you would want to just you

127
00:09:22,440 --> 00:09:24,200
just want to know is it there
or not? Right? Am I buying

128
00:09:24,240 --> 00:09:26,879
the thing that I'm am I getting
the thing that I think that I'm buying.

129
00:09:28,200 --> 00:09:31,639
So if I were, if I
need a gift and last year they

130
00:09:31,639 --> 00:09:35,080
had it at that store, but
I'm not really sure, and Amazon,

131
00:09:35,120 --> 00:09:37,759
I know, has it. You
know, do I want to invest an

132
00:09:37,759 --> 00:09:41,039
hour of my life to go find
out when I could do it at the

133
00:09:41,039 --> 00:09:43,879
click of a button and if the
prices are reasonably close, Amazon's going to

134
00:09:43,960 --> 00:09:48,919
win. Yeah, so true.
I mean, hey, something like Terryoki

135
00:09:48,080 --> 00:09:52,600
sauce. I can never find it
where I think it should be in the

136
00:09:52,639 --> 00:09:56,240
supermarket. So I just gave up
and I said, you know, I'll

137
00:09:56,320 --> 00:09:58,480
just order it from Amazon. They'll
have it to me in two days,

138
00:10:00,279 --> 00:10:03,440
need it right this minute. And
that's what I've taken it doing with a

139
00:10:03,480 --> 00:10:07,320
whole host of items that I just
trun't be bothered going out to the to

140
00:10:07,399 --> 00:10:11,200
the local stores for it. You
know, if I buy it from Amazon

141
00:10:11,320 --> 00:10:16,000
or I buy it from the cvs, who cares, right right, Yeah,

142
00:10:16,120 --> 00:10:20,919
exactly exactly. And that's and that's
where you know, Amazon has always

143
00:10:20,919 --> 00:10:24,000
wanted to be a customer centric person
company, and they wanted to be one

144
00:10:24,039 --> 00:10:28,240
of the most customer centric businesses on
the planet. And that's they've placed their

145
00:10:28,240 --> 00:10:31,559
focus there. And it's it's clear
that they have. You know, Target

146
00:10:31,559 --> 00:10:35,519
has done a really good job and
Walmart, for that matter, where the

147
00:10:35,639 --> 00:10:41,000
same day pick up and curbside pickup. Again, that's been a very very

148
00:10:41,000 --> 00:10:46,320
customer centric move. Target and Walmart
are doing actually have the advantage over Amazon

149
00:10:46,879 --> 00:10:52,279
because they have stores in your local
market, whereas Amazon does it. So

150
00:10:52,399 --> 00:10:56,799
Target and Walmart actually have an advantage
there over Amazon. And that's something that's

151
00:10:56,879 --> 00:11:01,519
very valuable to people. They say, I need to so on my way

152
00:11:01,519 --> 00:11:03,799
home from work, I'm happy to
just stop by and pick it up if

153
00:11:03,840 --> 00:11:07,519
you could just have it ready and
we can do a curbside delivery. That

154
00:11:07,600 --> 00:11:13,200
has proven to be a tremendous value
added service for customers, and they really

155
00:11:13,240 --> 00:11:18,399
like it is curbside delivery. I
had them delivery a package to me Walmart

156
00:11:18,559 --> 00:11:22,240
in like it was like in less
than a day, like two hours after

157
00:11:22,320 --> 00:11:26,120
I it was dropped off at my
door. It was amazing, you know,

158
00:11:26,200 --> 00:11:31,360
and Mazon had never done that before. So I think I got to

159
00:11:31,399 --> 00:11:37,279
look more closely at Walmart, you
know, right right, well, the

160
00:11:37,399 --> 00:11:39,759
convenience now you can look on the
website, you can look on the app,

161
00:11:41,039 --> 00:11:45,399
you could see if they have it, and you know, they're all

162
00:11:45,519 --> 00:11:48,720
three of these companies were talking about. Their logistics are so sophisticated that if

163
00:11:48,759 --> 00:11:52,120
they say they've got it, you
could trust that they have it and they'll

164
00:11:52,120 --> 00:11:56,480
get it to you. Yeah,
it's pretty it's pretty cool. Definitely pretty

165
00:11:56,519 --> 00:12:01,720
amazing. So what other trends we're
seeing here for Chris miss in terms of

166
00:12:01,759 --> 00:12:05,919
what people are buying, how much
they're spending, anything that's raising alarms with

167
00:12:05,960 --> 00:12:11,120
you. Well, we're seeing people
spend equal as much. Now, remember,

168
00:12:11,360 --> 00:12:13,600
people have less disposable income than they
did last year. So on average,

169
00:12:13,600 --> 00:12:18,799
the average family has five to seven
thousand dollars less as a family to

170
00:12:18,919 --> 00:12:22,159
spend than they did last year.
So here's where that's why we're seeing credit

171
00:12:22,200 --> 00:12:26,600
card debt go up, and that's
why buy now, pay later is going

172
00:12:26,679 --> 00:12:33,200
to be a strong trend for this
holiday season. You know, it's funny

173
00:12:33,240 --> 00:12:37,480
because when we were kids growing up, buy now, pay later, that

174
00:12:37,679 --> 00:12:41,440
was like, you know a lot
of people did it. It was like

175
00:12:41,519 --> 00:12:46,200
the Christmas Club, right, yep, that's right, Yeah, no doubt

176
00:12:46,279 --> 00:12:52,039
these so people they're reviving some of
these older products and services, but just

177
00:12:52,120 --> 00:12:56,200
under a new knee. So every
old is new again, right, exactly.

178
00:12:56,279 --> 00:13:01,120
It's not vegan, it's plant based. You know, you're not on

179
00:13:01,200 --> 00:13:03,519
a diet. You have a meal
playing, right, you're not. It's

180
00:13:03,559 --> 00:13:07,120
not in house financing. It's buy
now, pay later, right, all

181
00:13:07,200 --> 00:13:11,279
right, But it all amounts to
the same thing as the same idea,

182
00:13:11,320 --> 00:13:13,559
you're going to buy more than you
can afford, right in some cases,

183
00:13:13,720 --> 00:13:16,919
yes, in some cases, Look, if you managed the if you manage

184
00:13:16,919 --> 00:13:22,120
the program properly, you'll be fine. But you just want to be aware

185
00:13:22,840 --> 00:13:26,879
of what the fine print is for
one of these programs so you're not caught

186
00:13:26,919 --> 00:13:31,639
off guard, right, Yes,
OHI it's the devil is in the details,

187
00:13:31,720 --> 00:13:35,320
right, Yeah, sure is it? Sure is you you know,

188
00:13:35,399 --> 00:13:41,000
because you're If you manage the program
right and you set up your payments and

189
00:13:41,159 --> 00:13:45,159
make sure you're not getting hit with
fees and interest, then this program could

190
00:13:45,159 --> 00:13:48,320
work really well. But if you're
playing if you're using the program to play

191
00:13:48,399 --> 00:13:50,960
catch up. You know, some
people either are getting a bonus at the

192
00:13:52,000 --> 00:13:54,360
end of the year or they know
they're getting a tax refund, and they

193
00:13:54,360 --> 00:13:56,279
say, you know what, I'm
going to pay this off when I get

194
00:13:56,320 --> 00:13:58,559
my bonus or I get my tax
refund, and they've already planned that out,

195
00:13:58,679 --> 00:14:01,519
so I'll take advantage of the buy
now, pay later, And that's

196
00:14:01,519 --> 00:14:05,519
cool. That works fine. But
if you're saying I have no idea,

197
00:14:05,559 --> 00:14:07,960
how I want to pay this and
I really want to get this gift,

198
00:14:07,320 --> 00:14:11,039
and your payment schedule extends, that's
when it's going to be a little bit

199
00:14:11,039 --> 00:14:16,879
more painful. I just find it
fascinating that, you know, the creativity,

200
00:14:18,279 --> 00:14:22,759
the brain power that goes into these
companies to get you to buy more,

201
00:14:24,320 --> 00:14:26,960
and it's it's all scientific, you
know. It's like things that they

202
00:14:28,000 --> 00:14:30,919
do in the casino to get you
to gamble, like getting rid of the

203
00:14:30,919 --> 00:14:35,879
clock correct, all those things are
all geared at how do you make people

204
00:14:37,600 --> 00:14:41,679
spend more money than they plan to
write? Yeah, it's true. Look,

205
00:14:41,720 --> 00:14:45,039
it's the hardest thing to do in
business. Marketing and sales is the

206
00:14:45,159 --> 00:14:48,240
hardest thing to do in business,
and so that's why so much time and

207
00:14:48,279 --> 00:14:52,519
effort and energy is placed on it. Because it's expensive, it's hard,

208
00:14:52,639 --> 00:14:58,279
it's ever changing, it's ever evolving, and you need to stay. If

209
00:14:58,279 --> 00:15:03,799
you miss a you know, consumer
purchasing trend, it could be catastrophic for

210
00:15:03,840 --> 00:15:07,279
your business. I mean, these
companies make up to forty percent of their

211
00:15:07,320 --> 00:15:11,960
revenue in the holiday season. They
can't afford to have this miss right forty

212
00:15:13,000 --> 00:15:18,440
percent. How did they become so
dependent on one season? Really, literally

213
00:15:18,720 --> 00:15:22,639
let's call it two months, but
really it's like forty five days. Isn't

214
00:15:22,679 --> 00:15:28,080
that a mistake? Well? I
think it's just you just have three major

215
00:15:28,200 --> 00:15:33,120
holidays within sixty days of each other. You have Halloween, which does billions

216
00:15:33,200 --> 00:15:39,159
and billions in circles, believe,
Yeah, Thanksgiving and Christmas. If you

217
00:15:39,240 --> 00:15:43,200
think about it, it's within just
under sixty days. Those three holidays.

218
00:15:43,399 --> 00:15:46,879
They are the biggest consumer holidays.
There are other big ones Mother's Day and

219
00:15:48,039 --> 00:15:52,000
Easter and New Year's right, but
nothing compares to those three. Those are

220
00:15:52,000 --> 00:15:54,799
the big three. They're within sixty
days of each other, and we have

221
00:15:54,919 --> 00:16:02,360
built our social, family and business
calendars are on those those three holidays.

222
00:16:02,679 --> 00:16:07,039
So it's not a tremendous surprise that
they have become as big as they habit.

223
00:16:07,879 --> 00:16:11,879
But you know, like I always, you know, would like to

224
00:16:11,919 --> 00:16:17,440
buy things off season, like Christmas
decorations, buy this sure the day after

225
00:16:17,600 --> 00:16:22,440
Christmas? Right, and you know, breeding cards, things like that,

226
00:16:22,960 --> 00:16:26,679
things you can buy. So with
a little strategic planning, a consumer really

227
00:16:26,879 --> 00:16:33,159
can save way more than they would
save on Black Friday or any other designated

228
00:16:33,240 --> 00:16:37,200
sales holiday just by buying off season. Yep, that's right, and that's

229
00:16:37,240 --> 00:16:44,960
why Boxing Day internationally or December twenty
sixth is so important because these retailers have

230
00:16:45,120 --> 00:16:48,879
now you know, have looked at
what didn't sell and they realized that it

231
00:16:48,919 --> 00:16:53,039
is better for them to deeply discount
it and get it off their shelves rather

232
00:16:53,120 --> 00:16:57,559
than carry it into the new year
where the trend might not be as as

233
00:16:57,799 --> 00:17:02,080
strong, or people might not want
it or might go out of style.

234
00:17:02,519 --> 00:17:04,960
So it's better for them to sell
it right there on the spot then have

235
00:17:06,079 --> 00:17:10,039
the carrying costs of it sitting on
their shelves. Right. So that's why,

236
00:17:10,480 --> 00:17:15,680
that's why December twenty sixth through say
January fifteenth is so it's such a

237
00:17:15,680 --> 00:17:19,720
good time because this is when these
companies have to clear, literally clear their

238
00:17:19,720 --> 00:17:25,759
shelves. So buy your Santa suits
on the December twenty sixth. It's right,

239
00:17:26,079 --> 00:17:29,599
it's coming. God, it might
have a little black marks on it

240
00:17:29,680 --> 00:17:33,119
from the going down the chimney,
but you'll still get a much better deal,

241
00:17:33,240 --> 00:17:37,400
right, much better deal. So, hey, Carl, tell us

242
00:17:37,440 --> 00:17:41,039
where we find you, how we
connect with you on the web, and

243
00:17:41,519 --> 00:17:45,160
what you can do for us.
So for anyone that wants to reach me,

244
00:17:45,279 --> 00:17:51,359
you can find me at Carlgould dot
com or Carl three sixties CURL three

245
00:17:51,519 --> 00:17:53,759
six zero dot com. All right, and the link is in the show

246
00:17:53,799 --> 00:18:00,400
notes and yeah, Carl, appreciate
as always you coming on. We'll talk

247
00:18:00,440 --> 00:18:03,599
to you again real soon. Happy
holidays. Don't get caught up on too

248
00:18:03,640 --> 00:18:07,519
many buy now, pay later programs. That's that we're watching. To be

249
00:18:07,680 --> 00:18:11,920
solvent for the coming year. Absolutely, you got it. Talk to you

250
00:18:11,000 --> 00:18:17,000
soon, Happy holidays. Thanks for
listening to carry Lenz's Financial Survival Network,

251
00:18:17,160 --> 00:18:22,160
your solution to today's trying times.
For the latest, go to Financial Survivalnetwork

252
00:18:22,240 --> 00:18:26,680
dot com. Financial Survival Network now
more than ever,