The Peanut Butter Pay Trap: How to Read Your Paystub & Make $1,000 Fast

Hey everybody, welcome to another episode of the Red, White, and Green Show. What a show we have for you today. US wins the gold medal. What's a peanut butter pay raise? Peanut butter payra.

Nobody knows about that. Something you didn't know about axe body spray. These are important financial topics, by the way. How to read a payub. So many people don't even know how to read the payub where they get their paycheck every single week. And we're going to talk about how to make a $1,000 fast. And no,

Southside Steve will not have to sell his body in order to make that $1,000. >> But I'm willing to a lot of people don't realize it was a thought in my 40s because I was very good at something you can't brag about, the bedroom. And I was like, is this something I should consider? Should I be a male dancer? I'm

a I'm a I'm a grower, not a shower. So, I was like, maybe not. But, it was a thought. Thank you, Ted. >> We'll get Southside Sea to dance on one of these shows. But, as always, thanks for joining us. We give financial advice here to people who love America. Steve and I love capitalism even more in the

250th year of the anniversary of this country, capitalism rules. Uh, as always, you can find all of our episodes podcast-wise anywhere on Apple Podcast, Spotify, and of course, so many people are subscribing on YouTube every single day, as you should, too. So, make sure you click that, Steve. Every week we

bring people uh sort of our first money headlines and the segments we call news you can use. >> I love it and it rhymes. My kids love it.

>> So, what would this week's show be without a shout out? >> Oh. to the gold medal winners, the men and women's US hockey. This is the first time, Steve, and I don't know. I bet you can remember this vividly as I can.

>> Are you trying to say you I'm about to say, are you trying to say you don't remember? >> I do. >> I mean, I know I'm older, but >> I was I was 11 years old, glued to the TV in 1980. Yeah.

>> Not only watching Eric Heiden win five gold medals, but watching the USA hockey team beat the Russians. >> It was awesome, dude. It was awesome. And people always think that's the gold medal. No, that got us into the gold medal round. We still had to win another game. But man, beating the Russians, I

remember it like it was yesterday. And it's almost help. Not almost. It is almost as It's hard to say not almost cuz we needed it then. Is it as electric for you now as it was then?

>> Oh. Uh, no, not at all. >> Cuz a lot of people were talking like it is, and I can't agree to that. >> I was like a Mike Guzion like crazy fan. you know, these are just kids out of college. Now, today, everybody's pros, but they're pros.

>> It's still nice to whip the whole world. I mean, we need to do that every once in a while. >> So, I give it the I was I think it was the most exciting thing for the one of, if not the most exciting thing for the Olympics. But the reason I thought it was exciting is finally somebody came

out and talked like an athlete needed to. They said, "I love my country. I won this for America, and I'm proud to be an American in the red, white, and blue roles." I'm going to always listen to a hockey guy that's missing three teeth. I just like that better. It reminds me of the Hansen Boys in the Slapshot days.

And uh it really a great movie. >> That was the best. Paul Newman. Yeah, I don't even know how old he was when he did that. But those Hansen brothers were in.

>> Do any of these guys go on a Wedies box anymore? When you think about capitalism, it used to be like when Mary Lou Rettton won and and now you think back to those days and people went on the Wedies boxes and not anymore, right?

>> No, they don't do it anymore. And I think it's because Bruce Jenner switched sexes. That's why Wedies doesn't do it anymore. >> We're like, you're not allowed to switch. If we put you on the box as a man winning the decathlon, you're not allowed to be a girl.

>> I still bet that Caitlyn Jenner could beat both of us in a hundred yard dash in high heeled shoes. Do you think so? >> I do think so. He's already said that he could beat most men at golf. So, yeah, I do think he's the athlete is still there. But no, Wedis doesn't do it anymore. We don't glorify that way. And

it's a shame Maryl Retin, man, you know, she passed away. Yeah, time moves on, but I love looking back, but these hockey guys gave us an a feel for what used to be.

>> Feels good to be patriotic. And uh I've got a great story for you this week that I kind of teased up in the beginning, folks, which is what is a peanut butter pay raise? Have you ever heard of that before, Steve?

>> That's why I laughed. I'm like, where'd you get that from? I've never heard of that. Let me tell you what, this is this is one of the demises happening in America right now because here's what a peanut butter pay raise is. It's an acrosstheboard raise that are even and spread thinly like peanut butter would

be on a sandwich. Meaning everybody basically gets the same pay raise. Think about it. Just like peanut butter. If I'm in a company, it's like gosh, I don't want to give this group an 8% raise and this group a three 3% raise.

So, we just say across the board, it's going to be a 3% raise for everybody. >> No, I hate that. If I'm crushing it, if I'm killing it and I care more than the next guy, I want chunky. I want chunky peanut butter. You know, one with the nuts, I want to be the chunk. You can be thin, but I need a chunk.

>> Is that what you would say in your year-end review? He would say, "Listen, we're doing the peanut butter pay raise. It's 3%." You go, "No, baby. I want chunks. I want chunks of nuts in there in my raise." >> Chunky.

I I'm bringing it up because half the companies in the United States now, according to Pay Scale, Steve, they say we're going to do a peanut butter pay raise because we just need to make sure it's fair and even across the board. But capitalism wise, that makes no sense.

>> It makes no sense because you should be res rewarded not on effort, not on how much you show up to work. You should be rewarded on result. >> That's it.

>> Right? And this is what a lot of companies don't understand. You don't like the guy or gal. So what? Who got the results for the company? That's where people should be getting the pay raise, not who kisses the boss's ass and the person that's a lampshade person at the holiday party. That it's we're

talking about >> people that get results. Why? If I got all the results and I get a 3% pay raise, what am I going to do? >> You're going to leave. You're going to go somewhere else because you're that good of employee. I'll tell you in radio, the creepiest, weirdest people,

especially the guys, crunched because they're closers. And if you can close it, they were making the money. They had the biggest accounts. >> Is that a lot of Nick Yaffy?

>> Yes, there are some people out there that are just annoying as hell, but man, uh, they make the money. And if you're bringing your boss the money, you should be rewarded.

>> So, I just thought it was an interesting story. If you're at a company that has a peanut butter pay raise, you should be arguing and saying, "We don't want that. I want to be resultsbased. This is why sales people love commission. You're on commission. You either do it or you don't. You die. You make nothing or you

make something. And if you're successful, you should get paid to do that. Now, this is a better one. I knew Steve was going to like this story. I really did. But it's an interesting business story, too, which is why I bring these things up. So, for many, many years, there have been continued

complaints that teenagers across America have been dousing themselves in Axe body spray. And even Axe themselves is over it. >> Really? That's all that's what they sold to cuz my nephew I remember they're into the Axe body spray, the body wash, the these stuff. And I always thought if I

used it, it was almost like immature. I thought it was made for 18-year-olds. >> You've never choked around somebody that you got too close and they had too much axe body spray on. You're like, "Oh, buddy, you got to go a little bit easy on the deodorant there." >> I've never noticed too much deodorant.

I've noticed no deodorant. Where was that? >> Costco. >> I would have said Walmart. But you say Costco, I would have said Walmart. You >> a much better chance there no deodorant at Walmart than you do Costco.

>> There are people that are in cultures that don't believe in under anything like no no deodorant. They just like their smell. I heard Brad Pitt is the same way. Maybe Brad Pitt smells too. I don't.

>> He can probably get away with it though. >> Matthew McConna is another one they say doesn't use deodorant, but there are people that do not. I would rather you smell too much cologne or too much deodorant versus your body smell. Always hide that.

>> Here's what works in capitalism. Remember, we talked about this last week that the market always decides. This is what you need to learn from this program in capitalism. The market decides. You say, "Here's what I think my worth is." Nobody cares. The real answer is what does the market think your worth is,

right? Because that's how you're going to get paid. Not because your mom, your dad, your spouse, or somebody says, "You know what, baby? You're worth it. >> Yeah. Yeah.

>> Nobody cares. Okay. The market is what decides. Now, I say this and I think about it every day, but Ax's body spray in 2020, they had a 24% share of the market, Steve.

>> That's huge. >> Okay. >> I mean, they're up against everybody >> today. They're at a 16.3 share of the market. Wow.

>> Which means, and a lot of people will look at that, and here's why people don't know how to do math with percentages. It's kind of weird. People see 24 to 16, I say, "How much did you go down in share?" We went down by 8%.

Wrong. You didn't go by down by 8%. Okay. Is 24 - 816? Yes, it is. But when you look at the real percentages, it's a 40% decline. >> Well, you got to explain that one to me.

Even I'm >> 20 24 * 40% is 9.6. It's roughly 10%. So, you think about dropping that share of roughly 10%. It's actually a 40% decline, not an 8% decline. So if you want to talk to shareholders, you go, "Yeah, it's not good. We're down by 8%." If you want to talk real math, you go,

"Oh man, we're screwed. We're down 40%." And that's the way that you have to look at this. So this is why Axe basically said, "Now we're rolling out new bottles with two words, more control. You can't douse yourself in it." The way they're making the sprayers and everything else now, it's going to provide less dousing.

>> All right. Well, yeah, don't douse. But these 18-year-olds, yeah, they were dousing. And I will tell you that I won the elephant, white elephant gift, and it was Axe body spray last Christmas.

Body wash, the deodorant, and I will say, hand to God, I actually used it. I ended up using the body wash. And I got to tell you, man, it was a sweet smell and I felt like there's no way I can stink now.

>> It's pretty funny, Steve. They're doing a whole commercial campaign called the history of overdoing it. That is great because you do smell it because these kids don't know anything.

>> That's right. Just because your company is going downhill or your career may not be where you want it to be. Every brand over time tries to reinvent itself >> just about.

>> Yes. >> And you have to do that sometimes because even your market share as an individual can go up or down. And when it's going down, you can't complain about the market. The market's deciding.

What you have to decide is how do I retool myself, reinvent myself, get new skills, get new competencies so I can make more money. >> Well, like >> that's what capitalism is about.

>> That's what axe that's a perfect example because you're right. They're like, "All right, what have we done wrong? What's up? What's the problem? Are people not liking our scent because they're overdoing it so it's too strong?" And people think even if you put a little bit on, it's going to be too strong.

They're very smart to do that. I love when you like take a step back and and and you don't give up. As we wrap this uh segment up in here, I did have a client that called me once and said, "I need to cancel my appointment today, Ted." >> And her voice sounded all raspy and

stuff like that. And I said, "Why do you need to cancel the appointment?" She goes, "Well, my I can't It's hard to explain except say that my son pinned me on the ground and he shot Axe body spray into my throat." I thought you were going to say, "Well, you know, I've been smoking too much

today. I don't feel good." No, he sprayed it in her mouth. Yeah. So, I said, "Listen, um >> Oh, wow. >> I'm just going to say for the record that's weird and and I don't know. I don't even want to know why that happened, but you should have just told

me your car broke down or something like that cuz I'm not going to be able to look at you the same." >> No, never. Yeah, you should have told. Matter of fact, I'll say to my mom, "Helen, I know you're watching. I'm not over the dial soap thing." Squirted it in my mouth for cussing. I don't know

what this woman did, but what the heck? Well, hopefully that's some news you can use in your life. I know that we've gotten so much feedback. Thank you for those that are putting comments on our channel. We love it. I even love it when I argue with you a little bit. It's kind of fun. But

>> we don't really argue. You're right and I'm usually wrong, but I don't know things, but I'm learning. >> I'm saying when the listeners or the viewers come on >> Oh, I thought you >> and we write comments. No, I don't mind arguing with them.

>> No, you don't know. >> I just I'm going to prove them why they're wrong quickly. So, I just they just if you make the comment, I'll tell you why the why why you're wrong.

>> I will I will tell you uh Ted's right. >> As of late, Steve, people have been saying we're elitist. >> Me, too. >> Yeah. Yeah. Yeah. Yeah. You got defining the elitist.

>> Hey, I'm in those clubs because of Ted. He invites me. He takes me. >> You got into the PL. You did. Dude, I've been to a private club. >> I am Brussels sprouts. I was They were burned, but they tasted great and they and I don't even know what the charge was.

>> How good was the burger? Oh god, it melted in my mouth. >> All right, listen. One listener in here uh that lives in Atlanta because I'm not flying you in. If I get a good comment on here, we'll invite you to the PL. You can come have some dinner with us.

You'll enjoy it. It'll be fun. >> You're going to love it. By the way, it's one of those places just two doors on a building. You open it up and there are people there going, "Welcome to the plant." And they called him, "Hello, Mr.

Jinkin. Who are these people?" >> All right. Well, every week we bring you a great segment here called They didn't teach you this. And I want to teach you today about the basics of reading your payub because I feel fairly confident that here's how it works for most Americans. I ask you about your income

and you got a pretty good idea what your income is. You tell me I make $100,000 a year. Great. What most people know is what goes into their direct deposit in their bank account every two weeks.

>> They know their net. Everybody knows their net. >> $677.82. >> I don't think I ever told people my gross. I guess you do when you say a yearly income, but you know what's coming in.

>> But at home, you're normally telling your spouse, they say, "Well, what do we make?" It's like, "We're getting $5,682 every two weeks. We got to live off of that.

>> You got to make everything fit." >> So, here's the huge blunder. The huge blunder for most people is that you should know what's happening in between, >> right? Because you gross some amount of money, stuff gets taken out. Do you even know what that stuff is and what it means? and then how much money comes to

you net. These are things that they didn't How could you not teach somebody in high school or college how to read a payub? It's fundamentals 101. So, we're going to put this up on the screen here just to go through a few of these things.

>> Whose faceub is this? >> I can't say. >> It's not mine, is it? >> No, it's not yours. Oh, maybe this is might be yours. No, no, it's not. It's not yours. It's just a random one I pulled off. No names, no faces, but I want to point out a few things in here

so people understand what they are. Sure. >> Now, if you look under employee taxes, right, >> everybody's got taxes that come out of their paycheck. And basically, you generally have four big taxes.

>> Well, income tax the biggest. I mean, and then you got social security. Hopefully, you'll get to use that one day. Would FICA is that? Which one? >> Well, FICA is social security.

>> Social security. >> But I'm glad you brought it up, Steve, because your paycheck generally won't say social security. >> No, it says FICA. People don't know what FICA is. or it will say ODI, which is what this is, which called old age survivors disability insurance is

what they call it. Horrible. It generally is what Social Security is. >> That's a horrible label. >> Cuz you know, at 65, you're disabled. >> No.

>> All right. Well, I'm a few years away. Can you put ramps on this building? Oh, come on. >> But you should know that what Social Security comes out, folks, is 6.2% of every paycheck >> under the law. But when you make roughly $185,000,

you stop paying in that 6.2%. >> Why does it stop? >> Okay, that's the law. It's the way the laws are today. Not only are you putting in 6.2%, but your employer also has to put in 6.2%. And by the way, I knew that.

>> Here's the real rub. If you're self-employed, yay, you get to pay both. So, you're paying 12.4% 4% of all the money that you make into social security because you're the employee and you're the employer. Now, that tax has a finite number. Call it 185,000. The second tax is Medicare. Yeah.

>> And Medicare is the biggest expense we have at the federal government. You put away 1.45% of every check, every dollar you make, no matter how much you make, goes to Medicare.

>> Starting at the age of whatever you are, 15, 16, when you start >> whenever you start making wage income, you start paying into Medicare. If you make a million dollars, you're still paying that 1.45%.

And guess who else is paying it? Your employer. So technically, if you're self-employed, you're paying the 12.4% for social and you're paying 2.9 for Medicare. That's 15.3%.

>> Tell me there's a pot of gold at the end of this rainbow. >> Well, yeah, maybe you'll get some social security and Medicare. That's about it. No, but for people that are in business for themselves, which I think a lot of people are learning that I think the, you know, the red, white,

and green allows people to have that wish job. And if that becomes your main job, that's great. We're teaching you how you can start a business and and do it for yourself because there is no job security out there any longer. That went away a long time ago. So, but there's security in what you're talking about.

>> So, you were mentioning federal tax. The biggest thing, Steve, that people don't do is they don't change their withholdings every year. Okay? And this is what happens to >> based on how many kids you got in the house.

>> No, you not anymore really. I mean, the tax withholding tables have changed. Okay? >> And what's really important to understand in here is that getting a refund is not a gift from the government when you get it this year, right? So, it's your job to think about how much

taxes do I have to take out because there is a number that's just right. Think about it like the Goldilocks chairs, right? And the whole thing at the end of the day is that you have to figure that out. And if you live in a state like we do in Georgia where you have state taxes, you also have to

guesstimate what your state andor city taxes may be. >> Yeah. >> These are all things that employees never look at. You just assume your employer did it to you like they just did it to me. No, you did it to yourself because you don't understand how the

taxes come out. So that's the first thing I didn't teach you. And then let me give you the other couple deductions, Steve. You're going to see 401k if you put money away >> and you choose that percentage.

>> Absolutely. >> There's a there's a top a ceiling to that as well. >> Yes, it is. Yeah. I mean, this year it's 24,500.

You know, if you're over 50, >> 26. >> It's actually 32,500 if you're 50 or older. And if you're 60 to 63, you can put away almost $35,000 a year.

>> Wow. >> So, it's pretty good. But here's the whole thing. You may have things that are called HSAs, which are tied to your medical plan. FSAs, which are flexible spending accounts for other things like doctor or medical. You could have dependent care expenses, medical,

dental, vision, all things that that come out. But I want to remind people, one thing you might see is something called LTD. We're we're on the we're on the payub on the >> You may look at the at the very very top under the income, you see something called imputed LTD in I I So here here's

the whole thing. A lot of people don't even know when they sign up for benefits in October and November what the hell they signed up for. >> It looks like it's LTD insurance.

>> Yeah, it's not STD. >> No, >> it's it's LTD. >> By the way, I've only had one. >> Okay.

>> 1984. So, you might qualify for LTD, but that's long-term disability insurance. Exactly. >> You might have signed up for group life insurance or long-term disability. And sometimes you're looking at it. Let me tell you the number one you shouldn't sign up for that people do. ADD.

>> ADD. >> And that's this is not like a disease like you, you know, you can't, you know, remember one thing from >> man, I got the ADD.

>> It's called accidental death and dismemberment. In the end, folks, you you need a certain amount of life insurance. You don't need more if you become uh like an arm gets knocked off by a bus or whatever it may be. You don't need more. But people go, "Steve, it's only a dollar a pay period." Yeah,

it's $26 a year that you're never going to get back because the odds of you collecting uh are slim and none. And here's the news. Slim left town. So, you know, the answer is going to be none.

So, here's what I would encourage you to do. And certainly if you throw this in the chat for us or you email us at red, white, and green, I'll look at your payub. I will personally look at your payub and tell you what's messed up. But you need to understand the line items on your payub. Nobody ever teaches you

this. You want to become smarter with your money. Pay less in taxes. Be more agile with the benefits you choose every year. Don't be the person that when you sign up for benefits, you do it like you took your term paper in college. Oh, Steve, it's the night before and they're due tomorrow. What do you do? We'll just

click everything we click last night. Do it all. >> Yeah, this is how people get hurt with their money and event. >> You waste a ton of money. I wasted a lot of money on short-term disability. And you're right, you've got to go through this. Don't expect the employer to help

you out. >> We bring you this episode of They didn't teach you this. And that is how you read a payub. And of course, it brings us to our next segment that you all have been loving, which is where we get in the green room and talk to successful entrepreneurs that we've known and how

they built businesses and how they handle capitalism much, much more. >> Yeah. They're not paid actors. These are real people that started real businesses and have failed a ton, but have figured it out and they're here to help you.

It's a pleasure to have you in the green room. I just know you as Rick. What's your full name? >> Mike Gil. >> Damn it. You you were you were you were close.

>> I see. >> I wear a good buddy of mine. >> You didn't know it was in my house. It was Michael Richard Gil. You almost got that right.

>> Michael Richard Gill. So it's Michael Gil. >> Yeah, Michael Gil. >> Michael Gil. Like Gil on a fish. >> Gill on a fish.

>> I'll remember that. Michael Gil. Now obviously you know Ted. I don't know you, but I know you're an entrepreneur. >> What is that? >> Somebody that starts a business for themselves.

>> Okay. I've done that. >> No, you've done that >> once or twice. >> First off, let's just ask you, how did you get rich? Well, first of all, I'm not rich. I know people that are rich, like Ted. But I >> Isn't it funny how people say I'm not

rich? Is there a certain income that people must think >> that that equals rich? Because we've had the most successful people in here. I have an idea of what you're making, and I'm like, that's rich. But to you, it's not. Is there an income that makes you go, "Yeah, I'm rich." Well, the best

definition of wealth that I ever heard was you have all the time you want to spend on the things you want to spend it on. Has nothing to do with dollars. Okay?

>> But in order to do that, typically you got to have some funds to back you up. >> But you get to the point where you can just do what you want when you want >> and you have all the time kind of like Ted to to pursue his dreams, right? I call that wealthy or you know, you want to call it rich because rich has a lot

of different meanings. you were I think you were talking financially. I'm certainly rich as a person. I have, you know, four beautiful children. I've got seven grandchildren. Not great grandchildren yet, but seven.

>> Are you happily married >> and happily married for 52 years? >> No side piece. >> So, no side pieces, nothing like that. So, and she'll be listening and watching at some point.

>> By the way, that is my sick humor. That is not you. Now, do you want to be Rick or you want to stay Michael? Cuz I give you a failed name, an actor name. They call me Mike. So, >> Michael Gil is here with us. And Michael, what do you presently um do? Uh you know, obviously I want to know where

it started for you, but what do you do for a living now? >> So now I'm working as a managing partner with Andy Lewis Hobson Heating and Air Conditioning, which is a business up and coming Georgia, been around for multiple years. It's been it's morphed into from several smaller companies into what it

is today. We do, you know, 10 to12 million on a regular basis in the new construction side plus residential replacement service and are in the business of actually kind of acquiring some smaller guys that are kind of exiting which leads into kind of what is >> doing. I'm wondering, you know, for

people that are considering this, like at one point you were very very successful, but you were running somebody else's heating and air conditioning business and you had to decide to make that jump that maybe I would do this on my own. Like, how did it how did you emotionally handle making

that that leap of of faith to say, "I'm going to I'm going to do this on my own and not worry about getting the uh crack cocaine paycheck anymore." And then also in saying to complement what Ted just said there because I think we've I know I've been in that position. I know Ted has you're also leaving the paycheck,

you're leaving this and there's got to be doubters and sometimes those doubters live in the same house with you which makes it more difficult. It's not an easy jump. That's a great question.

>> Yeah, you know the jump for me was kind of an easy one because I had been in the corporate world as Ted said and I had run businesses for other people came up through Sears and Robux where I cut my teeth and everything. So, >> dude, that's awesome. I loved your magazines or the books. So, you know, I

got all my toys >> catalog, right? So, they had they they were Amazon prior to Amazon >> and I love the underwear and bras. That's where I live.

>> That was your section, I'm sure. >> Well, in that catalog. But >> uh so anyway, >> sweet segue coming up through that. I never really thought I'd work anywhere else. I thought I would retire from Sears after 50 years. And there's nothing wrong with that. So many people.

>> I loved it. I was I got to Chicago. I was running national operations, you know, $500 million worth of business across the US. And then I at some point there was, you know, they had brought in a whole bunch of MBAs and really smart people, right, to kind of take this business over.

>> And I was in this role and they were like, "Well, what's your background?" And I go, "Well, I'm a contractor by trade. I, you know, I'm a general contractor, roofing, air conditioning contractor, state of Florida." They go, "Where'd you go to school?" I said, "Well, I went to Mississippi University

for a year." I said they didn't ask me to come back. So I I kind of had to I kind of had to kind of do something else. So I got into the trades and that's what I did. And they were like, "Oh, you don't have an MBA?" And I was like, "No, I don't have an NBA." And I was like kind of see the writing on the

wall. So >> sure, >> took another job, came back, got that's what moved me to Atlanta, worked for a guy that I really didn't get along with, part of the Home Depot group, starting their window and siding division.

Another big company, right? Right. >> Jump from one to another. That just didn't work for me because he wanted me to work Sundays and Saturdays. cuz I had four kids. It wasn't happening. So I said, "You know what? A buddy of mine from Sears called. I bounced back to the Linux side. Another big company, right?"

I run that out for, you know, another nine years. And I remember all the Linux commercials. Y'all dominated marketing. Everybody, it was a It was a name you knew.

>> I just kept bouncing from one big company to another. Did well. Got the paycheck like you said. Um and then at the end of the day, I was like, my wife, I had I was traveling all the time. My wife was needing back surgery. I needed to be home more. And I said, "Look, why don't I just start my own business?"

>> Yeah. >> I've been doing this for 25, 30 years. I know how to do it. I'm a licensed contractor. >> I said, you know, I'll take the money we've saved >> and we're just going to dump it in and go. And I guess the transition there,

Ted, uh, a lot of people that ran businesses successfully, but you're not getting paid. I think it's even easier for them to jump and do something on their own.

>> There's no doubt. Uh there's a local guy here who has a company called Bagel Boys >> and he started for two years at Einstein Bagels. So a lot of times it's good to be an apprentice somewhere. Yeah.

>> Or in a corporate world, it makes the transition much easier because you're in a similar business that you know, it's just now on your dime, not somebody else's dime.

>> And radio guys have become podcasters. Although this is the show, you are on the red, white, and green show. And you're actually in the red, white, and green room.

>> Perfect. >> Where we talk backstage with guys that have made it. So to me, you are a rock star. Anybody that put it out there did it in what you're doing now. And you're acquiring other smaller businesses that are ready to hang it up. And you're getting more vehicles, more trucks, and

you obviously know what you're doing. >> What do you think in all your your business experience? What do you love most about capitalism here in America? Just being able to do what you want. If you're good at it, you can get the money. Somebody will either help you or loan you the money to actually do it.

And if you know how to do it and you got and you surround yourself with good people, you've got an opportunity to grow your business. You can do whatever you want with that.

>> That is a great closeup. I will also leave you with this from the green room on the red, white, and green show. Michael Gil, look into his eyes. His eyes are the exact same shade as his shirt. That doesn't happen on many shows.

>> I knew I was doing an interview today, so that's why I wore this shirt. >> You look damn good. >> Well, I appreciate it, guys. We want to talk to you about how to get the green and get into uh money hacks to make yourself money. And Steve, we know that affordability

>> is a big issue for people across America. And it's real. There are a lot of people struggling just to make rent, just to pay groceries. And so what we want to talk about today is that are the hacks on how to make $1,000 fast. That's good because you got credit card debt, you got to pay a student loan, you're

behind on your auto loan, you got kids bills, uh, or medical bills or whatever it may be. You got to figure out how to come up with money. And so, we want to talk about some ways to do that. And I'm going to bucket this in three things.

There are other ways to do it, Steve. But number one is sell your stuff. Number two is to rent your stuff. >> And three is just to do stuff. >> Most people don't want to do. Yes, >> they would probably want to sell. They think they have something of value or they've got something that you could

rent out. When you say rent, it could be everything from a room to your home or a bicycle or what? >> Well, let's talk about that. One of the big platforms that got very successful over the last 5 years was called Fat Llama.

>> Now, you could still type in Fat Llama if you Google, but that isn't a great name for a website. >> It is good. Fatlama. >> What's your website called? Fatlama.

>> I don't know if I've ever seen that. But it doesn't. You say, "What the hell does Fat Llama do?" Now, they they sold out now. So, it's got a new name that we're going to show to you called Hi Gio. Um, but basically, this is probably the most popular peer-to-peer rental platforms.

You got a nice camera at home that you haven't used in a year, rent it out. You got tools like people, you went into a house, you bought everything at Home Depot or Lowe's or Ace or whatever it is, and you're like, I got all this dam said that I got all this damn stuff in my garage. Yeah. Well, let's think about

how to get mobile and make some money with the stuff that's in your garage. You bought one of those nice ladders. Three people that live near you don't have one of those. So, they don't want to spend $400 to get one of those high-end ladders. So, you rent it out for 25 bucks. You make some of your

money back. >> Does that make it weird? Because aren't you supposed to just lend stuff to your neighbors? >> No, it doesn't make it weird. Uh, it doesn't make it weird. I mean, maybe your very next door neighbor, I could get it where he's like, "Really? You

want to sell? You want to rent me your Yeah. And I can't borrow it. Yeah. Cuz you're going to be the guy when your tree that's on our property line goes down, you're going to say, "Half is mine and half is yours." Even though the tree was really on your property line.

>> 100%. I've seen You're going to be that guy. >> I've seen those arguments. >> I had that neighbor Jerry. >> Oh, Jerry.

>> Yeah. What an a-hole. >> You really He really was. I mean, like I mean, honestly, he seemed like the nicest guy in the world until his tree went down in my yard. He goes, "It's half yours." You know?

>> No, Jerry. It was in your yard. It fell. I was like, I'm not gonna fight you. You want 500 bucks to knock a tree stump out? Great. Let's do it. But my point is, um, this this world today in AI and the internet, you you got to get smart.

If you have something in your house you haven't used in a year. Okay. In a year. >> You're that way about clothing, too. >> I'm that way about everything now because like what are you going to do with it?

>> Mhm. >> Oh, well, uh, we got all this china, you know, that we got at our wedding. Well, big deal. You used it twice in the last 17 years. What are you going to do with it? Sell it. You actually lost money.

You had thousands of dollars of stuff sitting in your cupboards at home. And when you made a conscious choice to do is to lose money. You could have sold that for like five grand and had that money. And they're like, "Well, hey Ted, um, you don't seem very sentimental around this stuff." Yeah, I'm not. Uh, I

I'm not because I like money. >> I like money and capitalism. Okay, I get it. You don't want to sell your kids' trophy when they were like, you know, the MVP of the league when they're 10 years old. What are you going to do with that down the road?

>> Yeah, I don't know. You can't get rid of it. My mom, I don't know about your mom, she gave me back all my stuff that was in the attic when I moved out. Got it. >> And what are you going to do with it?

>> I don't know. There's a shrine for me downstairs in the basement. >> That's not making any money. >> No, you're right. I could make money. >> What if he gave tours of the basement for like $7?

Come to Southside Steve Shrine. Yes. >> Seven bucks. We'll give you a shot of Yeah. Come on. >> Your margin's like $5 and you got a business.

>> You get a shot of my bourbon. You get to view all my signed memorabilia and then maybe I'll sell you something. But I do think people hold on to things past their value and you need to separate yourself from it.

>> So, and this other rental thing here, by the way, because I knew you'd love this website. I knew that there was no joke that couldn't come from this, but it's called rentmytool.com.

part of my business currently. Right now, I'm Manscaped and then I'm a dancer. A dancer. Do you think you could rent your tool? >> I don't know. I think there was a moment in time you would have wanted me on your videos. I don't know. Um, right now it's my wife. She owns it. It's on the shelf

just like all the tools Ted's talking about. Not currently being used, but that's fine. But no, tell me rent your tool is about tools hardware. >> It is. I'm just saying that drills to uh jet skis and all kinds of stuff. All those things that you could use. Also, Turo is a big one now. Turo, a lot of

people have heard of that, which is renting your car. You know, a lot of times people have three cars are like, you know, we really use that car that often. Well, that's kind of stupid. You got an asset that's depreciating that you're not making any money. I'm talking common sense to you here. You have

something sitting there that could be making money. Instead, you're paying more money from it. What? That doesn't make any sense. No, I can tell you my wife had a 4x4 that she had in high school and college. It became ours and it was that third car and I used it when I would drive places where I thought I

might get door dinged, right? You know, like I would go to events in it, but man, it's set there 75% of the time, >> right? So, you got all kinds of things now. Uh, one of the ones I didn't put on here, but we'll list it up on the website somewhere here is called Swimply, and you can actually rent your

pool out. I mean, I'm just saying like this is >> Is your wife aware you're prepared to do all these things? Some people will look at some of this as creepy, like I'm not having like 10 dirty people come swimming my pool, you know? I'm not going to let that happen. But I'm just

My point to you is when when you're an entrepreneur or in life when your back is against the wall. >> So you're you're experiencing a tough time.

>> Yeah. You're not white flagging it. I'm trying to show you the ideas. This is what capitalist look. All all people that are capitalists that have done well, almost all of them have either gone broke, been close to broke, or gone bankrupt.

>> That's a fact. >> And that includes that includes people like Trump. M okay. It includes people like Milton Hershey. He went bankrupt twice before he came up with Hershey's.

You know, you just have to realize the path to get there is not through glory. It's it's to get there by basically doing all the things that other people don't want to do.

>> Yeah. You got to put pride aside. If your back's against the wall or you're in a tough time or you just want to make some extra money, I think these are great ideas. I think there are people right now that will sell some stuff because for whatever you got, somebody wants to buy it. So, we'll list the sell

your stuff on here and how to make $1,000 fast. Websites like Merkari, Poshmark, Bonanza. Steve knows this, but I have the rule of 12. It basically means after one year, if you haven't worn it in your closet, sell it >> or give it away. You could certainly give it away and get a tax deduction.

Uh, you can give it to your kids and get them off your back. Uh, or you can certainly sell it. And you sell it, you might get, you know, uh, half the price than it would be for retail or whatever maybe. But but listen, it's just a way to raise money.

>> Yeah. Clothing I think is 25%, 30%. I've seen my uh wife and her sister sell stuff. >> Very very good stuff. The last stuff I would say in the doing stuff, the biggest thing that people don't want to do is dirty jobs.

>> And Mike Gro became famous for this. But if you think about it, I saw a very, very ingenious two kids last Christmas. And they left little flyers at our door and they said, "30 bucks, we'll take away your Christmas tree." And and I thought to myself, ain't no way I want to get this Christmas tree back on the

roof of my car and figure out like the appropriate environmental place to drop the tree. >> And garbage men won't take it. >> They won't take it. So these kids came around. I gladly gave them 30 bucks cash. I'm sure they didn't report it to the government. No. And they took the

Christmas tree away. All I'm telling you is that people need help with hauling junk, moving stuff, all kinds of things like this. And if you're willing to do a little bit of of dirty work here, garage cleanouts or or helping that kind of stuff, you can pick up 50, 30, 70 bucks an hour because people just don't want

to do it. >> And that's it. Look how many hours in the day. What can you do to make some extra cash? >> Now, nobody does this anymore, Steve.

But I'm telling you, not just for your kids, but for yourself. When I was a kid, I made a crapload of money raking people's lawns. >> O, that was brutal. I knew kids that did that. That's >> Does anybody even own a rake anymore?

>> No. My I do. I do. My kids, I've introduced it to them. I went rake and they're like, "What does it do?" I'm like, "I'll show you." >> I was going to tell people, by the way, that blowing leaves is really stupid. Uh I don't enjoy anybody that has a blower at all. They're not conscious of anybody

around them. >> They blow at the weirdest times. >> At the weirdest times, >> early, late, whatever is convenient for them. They may even see that you have a house guest in your party >> and they're still blowing. They're still going to blow.

>> And where do you blow the leaves? >> To the back of your yard. And then they blow back when the wind blows back. I mean, that doesn't makes no sense. When you blow the leaves, they don't go away.

Yeah. >> They just go somewhere else. >> I always thought the guys blowing my yard that I hired would just like haul them off. And then I went for a walk in my woods that are this deep in leaves.

>> They've been spraying them back there. They don't do anything. >> You rake them, bag them, take them away. I bet you can make a crapload of money during the fall.

>> If you remove them, now you're talking money. I just want to remind people you can do a lot of jobs today going on websites like Fiverr or other places like that if you have a skill from voicing over uh commercials uh you know >> how are you doing what's your product >> all ways to be able to make money listen

this is capitalism 101 don't get down your back's against the wall sell stuff rent stuff do stuff >> yes >> that's how you get the green in this week's uh money hacks >> rent sell works I love this stuff. I want to wrap this up with a little red,

white, and scene and what to watch for in the uh uh upcoming week. I'm going to tell you that the Supreme Court, Trump, and the world of tariffs with all your money, just pay attention to that. We don't know where this is all going to end up. Next week on They didn't teach you this. People want to know, should I

buy a car right now or should I lease a car? And what's the best way to do that? I get that question all the time. >> And isn't it different for different people? So, you got to find out what they do, how much they drive, cuz leasing, I've done that twice in my life, and it worked out for me both

times. >> Yeah. I think people really don't understand the math or the decision points on how to do it. We're going to talk to you about that. And then we're going to bring you a pretty cool money hack that you have never seen before.

It'll be a first time right here. I won't even tell you what it's going to be on the red, white, and green. Uh, but we have so many people subscribing to the channel. Absolutely. Go to the YouTube channel, subscribe to Red, White, and Green. Or you can go to our website redhand green.com. For those of

you that want to get a jump start on your money finances, go to exitwealth.ai, not.com.ai. You can get all the money answers there, including reading your tax returns, your homeowners insurance policies, all right there, powered with our very own AI

financial coaches. I think you're going to love that. Thanks as always for joining us. Uh, subscribe, check us out in our podcast. We're going to bring you great money information, giving financial advice for people who love America and love the idea of capitalism.

Thanks for watching. >> Yeah, come on.