04.28.22 Entrepreneur Thrives Offering More For Less / Warning: Credit Card Spending UP!
The Clark Howard Podcast
Clark Howard
4.6 • 5.2K Ratings
🗓️ 28 April 2022
⏱️ 25 minutes
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| 0:00.0 | There's gift I've ever received has to be a bike when I was younger, a pedal bike. |
| 0:07.0 | It was a sort of slick little road bike and I remember it was all like it was so it was all wrapped up |
| 0:12.7 | but it was so obvious what it was obviously because nothing shaped like a bike and I had a little ribbon on it |
| 0:16.4 | and I was so excited. For that was a life changer and I'm still sort of big on cycling around my area now |
| 0:21.6 | so for that one change me a little. |
| 0:23.8 | Joy in every sip with red cups now back at Starbucks. |
| 0:35.2 | It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve you and empower you |
| 0:41.2 | to make better financial decisions in your life. |
| 0:44.6 | I'm going to begin today's show with a story of an entrepreneur who is bucking the system. |
| 0:52.0 | It's going to be fun but what's not fun is your fellow Americans are saying charge it way too often right now. |
| 1:03.4 | I'm worried about the amount of volume individuals are putting in charges on their credit cards. |
| 1:10.4 | You've had an Arizona iced tea. Arizona iced tea is a brand that's very familiar to me because it's always been a bargain |
| 1:25.4 | if you're out and about and you're getting a refreshing cold beverage. |
| 1:30.4 | It's a can that is much larger than the typical can. |
| 1:35.4 | I thought it was 24 ounces but it's 23 ounce can and there was a wonderful well-researched story |
| 1:45.4 | in the Los Angeles Times recently about how they have chosen not to raise the price even though their costs |
| 1:55.4 | for everything involved and making that tea, canning it, distributing it, |
| 2:02.4 | all their costs have gone up but they've kept the price 99 cents and that's always been their business model |
| 2:12.4 | was to offer a better deal than other people and when they started what they did was it was all about offering you more for less. |
| 2:23.4 | So Snapple which has been kind of legendary in the ready to drink tea market used to be a buck |
| 2:33.4 | was the same 99 cents as Arizona iced tea but they gave you 16 ounces Arizona iced tea gave you 23 again I always thought it was 24 ounces |
| 2:44.4 | and now that Snapple typically is a buck 80 and Coca-Cola and Pepsi are both in this business and Coke's equivalent brand is 2 bucks |
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