A Scary $1 Billion Side Hustle
Summary
➡ The text discusses a prediction that mortgage interest rates will rise to 6.1% by 2024, causing average people to pay significantly higher interest rates, affecting the current housing market. Rising crimes, particularly theft from businesses, is another issue, as criminals become bolder. The topic then shifts to unfair hidden fees from businesses, including online retailers and restaurants. However, a new law compels these businesses to disclose all fees before a purchase is made. In California, tax deadlines have been extended for 30 days due to wildfires and backlog. The text then criticizes individuals such as Sam Bankman Freed, who allegedly was given Adderall during his trial, and the Goldman Sachs team for their mishandling of the Apple Savings Account.
➡ Sachs is viewed as a financial institution exclusively for the wealthy, and its indifference towards small savings accounts is clear. They are seeking to exit a particular deal which may be taken over by Apple or another entity, as indicated in a recent video update that also encourages viewers to subscribe and check their emails for further updates.
Transcript
Hey, it’s Dan. Welcome back. You’re watching I allegedly and I’ve got a good one for you today because I’ve got a billion dollar side hustle for you that is absolutely amazing. And before I get into it, please take a second. Please hit the like button, subscribe to the channel. And today we have a sponsor, patriot Gold. First things first, guys. Spirit Halloween. We’ve seen these stores and you like, who’s buying Halloween stuff? Well, this is one of the most lucrative side hustles that people have done.
And it is absolutely amazing. The fact that when I researched this, the fact that how much money these stores make is unbelievable. But let’s get into it. Let me show you this place. It’s it so what they did here was they rented the old Bed, Bath and beyond and converted it half the store into the Spirit Halloween. And this place is huge. I mean, it’s absolutely amazing. They have absolutely everything you could possibly imagine inside here.
Let’s take a look. Now, Spirit Halloween could be the most successful side hustle seasonal business ever. Think about this. This company does $1. 1 billion a year in Halloween sales. Isn’t that incredible? They’re basically opened for about 60 days. So they rent these places for about 90 days. And the way that you do this is that you have a revenue share with Spirit Halloween. So basically, you rent this space out.
For example, here, it’s the abandoned Bed, Bath and beyond in Huntington Beach, California. You get merchandise supplied by Bed, Bath and beyond and you sell it and you have a 50 50 split with them. Very profitable. What you do is you get good employees like they have here that are pitching everything, pushing everything. But think about this, this place, you could make hundreds of thousands of dollars in just a few months with a place like this.
They sell everything. They’ve got all the seasonal stuff. You’ve got things like costumes and you’ve got doormats and you’ve got pet decorations, everything. But this is really amazing that they take over these locations like this and make a tremendous amount of money. Now this got me thinking about seasonal side hustles, and let’s just stick with Halloween for a minute. Two years ago, my daughter heard about a car wash that was called a haunted car wash.
And I’m thinking, oh, let’s check this out. Well, first of all, I was so impressed. This was in Anaheim, California, and the man went out and charged $30 a car. And it was only at night, Thursday through Sunday nights. He had reservations. You had to buy the tickets in advance online, and they were $30 apiece. He was making over $10,000 a day just in the tickets that were sold.
Then they would sell out 350 cars. Then they would sell out. And he sold food, he sold drinks, he sold things like that. But basically, you would go in and you would drive your car in to a car wash that had monsters and people freaking out that would pound in your door and scare the crap out of you. And it was amazing. It was absolutely fantastic. It totally worked.
And I loved it. I loved the experience immensely. It’s gonna it oh, fuck. I’m not filming that guy. Goddamn it. What? I wasn’t filming that guy. That’s now, the thing about this is that so this guy was making money hand over fist in non working hours. So he was killing it during this time. But what else works during this time? You have people that go out, and they have haunted houses that they set up in their streets.
There’s one that was on Gershon Street in Santa Ana that they called themselves the Gershon Dungeon, and they had it nailed, where they would take donations, quote, unquote donations for this. And this was probably 1012 years ago with my daughter, and I was like, this is really cool, but I’m not waiting in line next year. How can I do this? Well, if you give us a donation up front, you can beat the line and we’ll tell you what the password is.
So we recommend about $10 a person up front. These guys would bring in thousands of dollars doing this. But again, just like the car wash, they would have the college kids, and they would go to town. They would get all decked out and get the scary outfits on the Freddy Krueger. This place in Gershon had people coming out of the ground they had built know, you walked into a trap door that they spun around and did all this stuff.
This family went to town on it year after year after year and eventually had to get insurance. Eventually, it became a business for them. But absolutely amazing. Now, when you look at things like this, why can’t you make money with a side hustle like this? My daughter did videos and went out to where she looked at every single haunted house that was out there. These people made money hand over fist right now.
So look at that. What other seasonal holiday could you make money on like this? And again. Halloween spirit. Halloween. That that thing’s making $1. 1 billion a year in sale. That’s insane right now that they’re making that much money. And that is money handover fist. Those store owners that I used to think, nobody’s really buying this stuff. They’re making a lot of money doing that. What else can you make money doing? What else can you make money doing? Sal Aello and Monica Powers went out and started a side hustle where they went to Chat GPT and made a program through the AI that would basically tell you if your business idea was a good idea or not, determine if your business had a chance based on all these algorithms.
They charged $39 a person. And here’s the thing about this business that’s amazing, is they bought the domain, which they had to buy from privately, and they set the website up, which they used AI to create the website. And basically, guys, they spent less than $200, $185 to be exact. They ran the thing and took in money and then sold it for $180,000. They sold $66,000 worth of startups at $39 apiece to evaluate their business.
And they would give it this extensive report on if your business was a good idea or not. How brilliant is that? How utterly brilliant is that? Now, they sold it to a couple who said, wait a second, this is great. And this is the story of people buying your business or buying your side hustle. As I talked to a friend who’s buying a business right now, everybody that buys a business thinks, oh, I like what they did, but I can do so much better.
And the people that bought this from Monica and Sal, that’s what they think, that they can do so much better. And maybe they can. But have you looked at side hustles? Have you looked at ways to make money? I am always mystified and blown away by the ingenuity of people that come up with something short, simple, and sweet that can make a lot of money. A lot of people develop quick websites, sell them and turn them for big profits.
It’s a lot of things that you can do, but what do you know about what is in your wheelhouse? Is it sports? Is it some type of hobby? What is it that you can sell? Because that’s what’s going to make you the most amount of money, the quickest? Okay, let me know what you think about this. And have you ever been to one of those spirit Halloweens? Have you ever walked into one of those places and said, oh, this place sucks, or this place is great.
I’m just blown away by how much they have. Every store is different size, but that one in Huntington Beach, it’s a nice size. People are friendly, staff’s good. They’re all over you when you walk in there. So they’re going to sell some stuff. And people were buying things when I was in the store. But let me know what you think about this. Let’s talk about our sponsor, patriot gold group.
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Get yourself into precious metals. What do you think is going to save the housing industry? Seriously, what do you think it’s going to be? You think it’s going to be low interest rates? You think it’s going to be an abundance of inventory? Are people going to start to not pay? What do you think it’s going to be? Because if you believe the hype that there’s no inventory, but you have all these houses sitting on the market longer.
The mortgage industry just had a big conference. And I always look at things like this, and their takeaways are down below, but their number one takeaway is at the end of 2024. They anticipate. Think about this number, that interest rates are going to be at 6. 1%. Hello? 6. 1% guys. That’s still sky high, guys, from where it was at, it’s basically one and a half percent from where it’s at right now.
So what that means is you and I, the average people, average credit, average down payment. Well, your husband’s self employed. You’re going to be paying seven and a half percent for a very long time. So get used to it. Get very, very used to it. Now, another thing about the housing debacle, when they talked about this, was comparing Goldman Sachs, comparing today to 2006, 2007, the run up from real estate.
Last time was when there was free money, free love. You worked at McDonald’s telling me, make $185,000 and they’ll give you the house. Don’t worry, you’ll refinance it because it’s going to go up in value. Well, no, guys, no. What you’re seeing right now is the problem with inventory. They say that there’s no inventory. But wait a second, all these builders are lying. All these builders have so much inventory, they’re asking for lower prices from their contractors.
They’re asking for deals from their suppliers to be able to offer different incentives to people to get the prices down lower than ever. That’s all they can do. That’s the only trick they have right now, because the interest rates are the interest rates. And if you think that 6% is great, and I can live with that, Dan, okay, good luck with that. Good luck with that. Bob Kudla brought up such a great point.
You don’t need to buy a house right now. Buy a house in 2026. That’s when you need to buy a house. So share your thoughts on that stuff so far. Next thing is crime. I am blown away by crime. I did the story about the cops yesterday, and people freaked out. How dare you lambast the police. It’s the bad cops, guys. I lambasted, I donate a lot of money to police and have for decades.
And I support firefighters, police officers, and the military more than most. Okay? But there’s a few bad apples out there that were worth talking about. So don’t worry. You’ll hear about that in the news. You won’t have to worry about Dan talking about it. Crime has gotten out of control. Think about this. There was a distribution center in Florida that was an alcohol distribution center. And someone, they were bold, man.
They pulled up and they broke in this place with a semi semi and stole $1. 6 million worth of booze. Wow. So you walk in, you steal $1. 6 billion, 1. 6 billion. $1. 6 million of the booze. That’s crazy, guys. That is so much money. And the problem with this is that people just don’t get how out of control that this crime thing is. And if you’ve noticed, the criminals are getting more and more brazen right now.
That’s the thing that’s scary right now. You have to protect yourself. You’ve got to protect your business. You’ve got to have cameras. You’ve got to have everything. But the people that have security guards that know how to dial a phone that are not sleeping, that’s what’s protecting people. But $1. 6 million worth of booze gets stolen from the distribution center. Share your thoughts on this stuff so far, guys, because I am absolutely blown away as far as how bad this is right now.
You guys are probably wondering why I called you here today. A couple of things that are worth talking about, and the first one is the hidden junk fees that we get when you go to a restaurant, when you buy something online and you have ridiculous shipping. I have people right now that are sending me screenshots, and what they’re doing from smaller websites is this. They’re taking, hey, we’ve got this product on sale for 40% off.
Buy it today. And then you go and you check out. And once you put your credit card in, then they say, what’s your address? And they put the shipping in. And it’s $45 to ship something that would cost a couple of bucks to ship. So they can’t do that anymore. There’s a new law from the Consumer Financial Protection Bureau that is out that says that they have to tell you everything up front and disclose all the fees in advance before you make a purchase.
So you’re going to know if the restaurant is going to charge you an $8 fee for their insurance or a percentage or anything like that. They’re supposed to let you know that or they can be fined from that. So it’ll be interesting to see who does that and who lets us know. I was going to title the video, hidden Junks Fees Belong in the Trash, but there’s so many of them.
People are sick of them. People are telling me this all the time. Now, yesterday was the final tax day, right? Or was it? Here’s the thing. California, they issued an 11th hour extension for 30 more days. If you live in the state of California, you didn’t have to file your taxes yesterday. You got a 30 day reprieve because of the wildfires and because of the backlog. Who knew? They issued it yesterday during that day.
And my accountant called me last night and said, hey, Dan, you got to talk about this because it’s crazy because we’re trying to meet all these deadlines for people, and a lot of people here in California got the extension and they don’t even know about it. So did you know about that? Do you know that you don’t have to fire until November 16? How about that? How about that? So a little communication would be better.
And that’s what people get the most upset about, because also, people, when they file in the deadline, they don’t make mistakes, but they usually do things hastily and quickly, and they didn’t have to in California. The rest of you had to know. Governor Newsom also signed a law recently about junk fees and trying to eliminate that. He thinks he’s going to be president someday, and he’s here for the common man.
You’ve got veterans sleeping on the street and they’re raising billions of dollars for homeless programs that don’t work. But hey, this guy’s, he’s for us. He’s for the common man. So share your thoughts on all this stuff. I’m going to finish this video with these last few stories, and first one I really enjoy immensely. Sam Bankman Freed is on trial at FTX, and he ran that sham business, and his lawyers say, hey, this is not fair.
This guy’s been given Adderall and it runs off each day during the trial. Do you guys take Adderall during the day to get through the day? I know I don’t take Adderall, but maybe Sammy boy can chop it up there at the defense table and he could just snort Adderall, or maybe he can mainline it too. But, Your Honor, we need to be able to have him take more Adderall during the trial, during the day.
You guys put billions of dollars in the hands of this idiot, this child, this junkie, okay? As far as I’m concerned, it’s ridiculous. Now, not everybody that takes Adderall is a junkie, but this guy I can’t focus. I’m just losing my train of thought. Wait 40 years. No, 400 years, Sam. Oh, give me more Adderall, okay? And then Goldman Sachs. Goldman Sachs is furious now that they got involved with the Apple Savings Account.
The Apple Savings Account pays like 4. 3%, 4. 8%, all these different numbers I’ve heard. But it’s a huge savings account that pays ten times what the average savings account pays. And within days of setting this savings account up, they had over a billion dollars put into it. And what Goldman Sachs employees are upset about is that this has taken their salespeople away from their core audience, where people want to talk about their savings account and they don’t want to invest in anything else.
So the greatest thing is a Goldman executive. And this is an interview from below out of the New York Post where he said that we want to get out of this effing thing and why did we ever do this? And he swore and he used bad words and it was great because there’s times that you can just see the passion of somebody that is absolutely out of gas with this.
So they hate it because Apple has this thing called Apple cash or excuse me, daily cash, where based on your purchases, people can get up to 3% of their cash back and people are more calling about, I want to know about my cash back discount than they are with the card and with investing with Goldman Sachs. Understand this. Goldman Sachs is for high flyers. Goldman Sachs is not for peasants like you and I.
It’s for the big people. And you have a savings account there and you’ve got $8,000 there. They could care less, okay? And they made that crystal clear. And they went out of this deal as quickly as possible. So it will be very interesting to see who takes this over, if anybody, and if in fact Apple will let them out of this deal. So please, like the video, please subscribe to the channel.
Also, what else if you are on the email list, one just went out, guys. So check your spam filter because a lot of people are like, oh yeah, down it’s there. Okay? So that’s where it’s at. Anyways, like to do the voices. Onward and upward, guys. I’ll see you guys very soon. Hope everybody’s well. A lot of cool stuff happening. And just a quick video for you this morning.
Okay, see you sooner. .
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