Basically, Consumer Credit Counseling of America did a report, which is fascinating because they grade the economy from one to ten on people’s finances. Right now, it’s gone up to one of the highest levels ever at 6.6, which you can sit there and say, how does that affect me? People are just burnt out. They’re absolutely burnt out. They’re borrowing more than they’ve ever borrowed. You know, you can go to Home Depot and buy one of those barbecues I talked about in the last video and, you know, get 90 days, six months, same as cash financing, but you got to pay for it at some point.

And the problem with it is that people are spending more money than ever, and most people don’t, you know, have it. They just don’t right now, and they’re borrowing themselves to absolute oblivion right now. So these numbers are the highest that we’ve seen. You’ve got household debt at $18.8 trillion. People are borrowing more money for cars. They’re borrowing more money for home improvements. They’re borrowing more you’re going to have a problem. I have friends that have their kids graduating high school, some are going to college. I have one set of friends that both their kids are getting full ride scholarships to different schools, one for sports and one for academics.

One child has a 4.59 GPA, which I didn’t know was mathematically impossible. And she says, oh, there’s people that are higher than that, which is crazy to think about. The problem with the financial burden that everybody has is that it’s not temporary. As we go to the summer season, this is home buying season right now, guys, you better buy your house this month. If you’re going to buy a house, you better sell your house too. If you’re trying to sell your house, because if you don’t, the likelihood that you’re going to sell it, you’re going to have to wait till either the end of the year or January to unload your house right now.

That’s what they’re saying for most markets. Now there’s hot areas and every time I talk about real estate and I bring up these facts and figures, they come from someplace. 71% of all realtors haven’t sold a house in a year. Okay, what are you doing? Your hairdresser by day, realtor by night. I mean, it’s ridiculous that these people are not making money. Grocery prices are still elevated. Gas prices are unbelievable. My daughter had a business trip in San Jose and didn’t want to spend $600 for an hour flight to go to San Jose.

So she drove and she’s like that. It’s just lunacy to use one of your words on what these people are charging for a gallon of regular gas right now here in California. Now Memorial Day. This nice little bridge separating the park. Memorial Day was brought to you by credit cards. Your credit card debt, folks. Go borrow away. Come on. I use credit cards all the time, but I pay them off at the end of each month. Don’t carry a balance. It’s how I’ve done it for a very, very long time. A lot of people can’t do that.

And I try to tell people, people have written me about no buy years and my daughter and some of her friends were doing no buy years. Well, how can you travel if you have a no buy year? She did this last year. And she says, well, that’s work, dad. I’m not buying stuff from my house. I am doing business trips and things like that and having sponsored by her airline tickets and things like that with her job, but not spending anything on anything separate right now. That’s the way to do it. New credit cards right now are well over 24% interest rate.

And most people don’t want to have this conversation, you know, $1.25 trillion in credit card debt. That’s just, it’s crazy. Most people can’t handle emergencies. They just can’t, can’t handle, you know, car repairs, healthcare issues. They can’t handle anything extra. And, you know, for these people that I know that are, their kids are graduating high school and they’re going to go visit the colleges and because kids are going in different directions, they’ve got to go to different places and everybody’s dream. I don’t care what anybody says. You want your kids to go locally, but you know, my kid went on the other end of the universe to go to school and there was planning and prepping and expenses to all that stuff that not everybody can handle.

So, you know, I just think that we’re seeing the beginning of summer be very different this year. No blockbuster movies that came out, you know, financial, financial distress is destroying productivity. You’ve got to move forward. You’ve got to move forward with your job. You’ve got to move forward with your career. You’ve got to make as much money as possible. And the thing that I always tell people from helping people raise money to everything I did with the medical space, whether it was a biotech product or medical device, or it was somebody trying to get a therapeutic through.

Who’s going to pay for this? How long of a runway do you have? I had one guy, a family member recently. Hey, you know what? We’ve got good news. We’ve got enough money. We didn’t sell anything else to last four months. Four months. That’s horrible. There’s nothing. 120 days comes really, really quick, guys. Comes really, really quick. And everybody doesn’t want to admit that. You know, I love all this talk about, hey, I’d like to get a job. And I’ll cover this later, too, where I have, you know, remote work. How about this? 51 to over 70% of remote workers have a second gig, a second job.

How about that? How would you like to be the employer that hires these people? 85% of those people that were surveyed said that they work on your time, your company’s time. They do their second job. How about that? Hey, let’s talk about our sponsor, Native Path. So many of us right now are taking an Omega 3 oil. And our Omega 3s are basically 50% effective as compared to Native Path. Native Path is actual natural krill oil from the Antarctic. And it does so much more for us. If you wake up and you’ve got your bones cracking, joint pain, your shoulders hurting, you should try this.

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And so many of you have ordered this and no one’s complained about it. It’s been fantastic. Check it out today. Take advantage of the discounts. But I’ve taken it. I love it. It’s made a huge difference with me. Check it out today. Now, as we have an aging population, we are seeing more and more retirees have this one problem. Massive credit card debt. Not in a good spot. And that’s their biggest grief. Leave the stories below because they’re fabulous. You add them all up and this is what you come up with. And that is the anxiety of debt is a killer.

I’ve been there. I have been to where you wake up and it’s what you think about. You work all day, keep the fires out, and then you go to bed. And that’s that. Now, when you get ahead, you get a successful business and things turn around, it’s fantastic. If you know that things are going to be bad right now, this is a perfect time to make a tremendous amount of money. Do I recommend that you go out and get a side job while you’re working remotely for somebody? Absolutely not. They’re going to fire you because the tolerance and the patience of people, if they think that you lost a sale, lost a job, didn’t deal with a customer, or somebody else had to deal with something that Dan was supposed to deal with.

Bye. See you in Vegas. Have a nice day. You’re fired. You’re going to see this more and more and more. Student loan debt. Two and a half million people defaulted on their student loan debts in the last quarter. But it gets bad because the student loan debt, we were talking about this with my friends last night, people should put pen to paper on what they’re going to make. If you’re going to finance something, wouldn’t it be good to finance that? You know, I love people that go out and buy $135,000 truck.

What are you going to do with that? No, it’s so cool, Dan. Okay. So you’re not going to work. You’re not going to build anything. You’re not going to load it with anything. That’s just going to drive it. How many of you drive $135,000 Denali? I mean, come on, guys. It’s lunacy. If you have a single late payment default, now that they’re reporting this on your credit, you can lose, think about this, 100 points in your credit score. Try borrowing money for anything at that point. We live in such a time right now that it’s very, very difficult.

And I always tell people, get yourself a safety net. Go out and have money put aside. Have an emergency fund. I don’t care how in debt you are. You’ve got to have money for a rainy day because it’s coming. It always comes. That’s how life works. I mean, I’ve had people that, you know, the terrible threes, celebrity deaths, and bills, okay, is what it should be. Because the shenanigans of this stuff comes in waves right now, and you need to be ready for it. And yes, I’m telling you to negotiate with your creditors, make phone calls, explain.

You may make some minimum payments for a while, but if you had a few thousand dollars, set aside, you’d be way ahead of a lot of other people in this world. A man sold his car. It’s a terrible story. The story is below. He sells his car to a guy, and the guy didn’t transfer the title. Didn’t do the release of liability. And guess what? The guy got into a hit and run accident. So the DMV and the police are looking for the owner of the car, which is the guy that sold the car.

Terrible, terrible, terrible. I told you about toll roads in the past. I had an employee who was a flake, and the guy sold a weapon, and the weapon was used in a crime, and they showed up looking for him. And thank God he had a bill of sale, and thank God he could say that he sold it to XYZ, and they looked for that guy. Lucky, lucky, lucky, lucky, lucky, lucky, lucky. I say he was lucky, but he was. The point is that when you sell anything, it’s a simple form of the DMV.

You send it in, take it to AAA. They’ll send it in for you. That’s what I do every time I sell a vehicle. I do that. I have a friend that flips cars and is really good at it. He shows up with a RAV4 for lunch last week. I’m like, hey, you really like this one? No, that’s what’s funny. This is a new one. I sold the other one, and this is a new one. I made $4,000 on the old one by fixing this and doing this with the transmission and fixing the leaky center up, and blah, blah, blah, blah, blah.

But always tells me how he takes the paperwork down to AAA and releases the liability. So the guy could drive it off the end of the pier, and he won’t have to worry about it. It’s beautiful and something that a lot of people, oh, you know, I’m going to get around to that later. Okay, good luck with that. So that guy sold his car on Facebook. Good old Floyd money Mayweather. Remember that guy, the boxer, who every time you saw him, he was flashing cash and flashes gold and jewels and stuff like that, and sort of shutting his mouth and fighting and buying some type of solid investment.

Good old Floyd now is suing this financial advisor for $175 million, saying that he was completely ripped off and fleeced and had nothing to do with the fact that the guy would lease planes and buy planes and buy jewelry and buy gold and stuff like that. Nah, you know, just gold, jewelry, gold, everything. Where does it go? Imagine $175 million. Mr. Wonderful, Kevin O’Leary talks about if you could get $5 million in three bills, you will never have to work again. You’ll just won’t have an ounce of stress. The stress of jobs, you know, household debt reaches $18.8 trillion.

I talked about that one. But the financial stress of employees affects your job. You know, for those of you that are in leadership with your companies, you can tell Marjus is not herself lately. What’s going on with Ken? She’s getting divorced. Oh, yeah, that guy was a flake. They’re in debt and they’re getting sued. You know, yeah, you think she’s going to do well at work? No. I love stuff like this. Best Buy is boosting attendance. And thank you, Broker Aaron, for sending me this one because they’re demanding that their employees come four days a week.

I want a gig where I work four days a week. No, come on, guys. It’s ridiculous. And I have a neighbor who travels for work to his corporate office in another state. And I’m in the dedication, but he shows up. You understand? He’s there. And flies in, flies out, comes back home. Why? Why does he do that? Why does the boss do that? But you can’t. It’s ridiculous. Show up and do that. So the remote half workers is crazy. Please don’t forget the private channel that we have. I allegedly live. I love doing that content because it’s all the uncensored stuff that’s crazy.

And it’s great. And you go to I allegedly dot TV is where you sign up for that. Don’t forget the video sharing platform. New videos dot com. It’s growing slowly but surely, and I’m enjoying that as well. Final, final thing. I mean, which I just don’t know if this is going to work or not. Amazon says that they’re going to have 30 minute delivery and they’re trying this in three or four cities, Texas. They’ve got Philadelphia, Dallas, Fort Worth, Seattle, and Atlanta. They’re going to try this program where they’re going to do remote delivery in 30 minutes.

There you go. 30 minutes. Yeah, I need some pasta sauce. Get it here. Stat. Rouse. You know, come on, guys. I mean, is this necessary? Is this going to work? Or is this just the competitiveness of us sitting around and not wanting to go out and work right now for a job? You know, I understand that people live in the middle of nowhere. I really do. My niece and her husband lived in Colorado. He was an air traffic controller before he got stationed someplace else. And it was 40 minutes to grocery store.

40, 40. Nice new house. I’m like, this sounds like hell, guys. And sure enough, my sister-in-law, the Italian that cooks, said it was just awful. You forget one thing and it would be a three-hour tour. So share your thoughts and all the stuff. My email address is hello at iallegedly.com. Have a plan to get yourself out of debt. Have a plan that I’m telling you, think about what these experts are saying. What they’re saying to all of us is that this is not temporary. This is going to get worse before it gets better.

Be ready for that. Onward and upward, guys. I will see you very soon. [tr:trw].

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