02.23.23 Retail Mind Games / “Annuity” Is A Cuss Word

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 23 February 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Retailers are using more and more psychological tactics to get you to buy. Know the tricks of the trade to not get played - and avoid impulsive spending. Also, why Clark considers “annuity” profanity, but he’d rather have to say it, than to see you pay it. They’re being sold like crazy, disguised by fancy names. Know them when you see them - and the 2 annuity type exceptions. Retail Mind Tricks: Segment 1 Ask Clark: Segment 2 Annuity Warning!: Segment 3 Ask Clark: Segment 4 Mentioned on the show How shopping sites are using psychology to trick you into spending more — and 3 ways to avoid them How To Plan a Trip: Clark's Best Travel Tips To Save Money Clark.com: How To Buy Term Life Insurance in 7 Easy Steps Inside Wall Street's gloom-and-doom racket What Is an Annuity, and Why Does Clark Think They Stink? Immediate Payout Annuity: What Is It and Do You Need It? Longevity Insurance: What Is It and Do You Need It? Why You Need To Know Your Company 401(k) Fees How Much Should Your 401(k) Account Cost You All-In? Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Monso Business Banking. It just works. So you can too. Join businesses like Target
0:05.7	to Wishing by opening a Monso Business account.
0:07.7	What I love about Monso Business account is how easy everything is. It can be filtered,
0:12.8	it can be tagged. We thought we'd have to manage our business around our banks, but that's
0:17.3	not the case with Monso.
0:18.4	My name is Shun. I am the Founder of Target Trition.
0:21.6	Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director
0:26.6	of a limited company, UK Businesses Only, terms and conditions apply.
0:35.2	I'm so glad to be able to welcome you here to the Car Coward Show. Our mission is to
0:39.7	serve you and empower you so you make better financial decisions in your life. Up first
0:46.4	today, I want to help you avoid some of the tactics that get you to spend more money,
0:54.2	shopping and the impulse to shop is strong any way for us, but retailers have become so
1:02.7	adept at getting us to spend with them. I'm going to tell you how to reign that in.
1:09.6	And we're going to, there's a family show, but I'm going to cuss right now. I'm going
1:17.6	to say the word annuity. Anuities are selling like crazy right now. And I'm going to tell
1:26.1	you later why that's happening and what you need to be careful and aware of before you
1:33.5	get sucked in by that annuity salesperson. So it's being getting sucked in spending money.
1:42.4	There's retailing having such a rough ride. I mean, it's, let's make no bones about it.
1:47.6	It's tough being a retailer today. And so they are using more and more psychological
1:56.3	tactics to get you to buy. If you're worried you spend too much money on impulse stuff,
2:03.9	I want you to know that your phone is the enemy of your wallet when it comes to retail.
2:11.2	Okay, how often do you see something that says, for special prices, give us your cell phone
	...

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