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The Clark Howard Podcast

05.04.21 A timeshare scammer spills trade secrets / HELP WANTED with job training, not hand outs.

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Business, Investing

4.65.2K Ratings

🗓️ 4 May 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

Want to sell your timeshare? An former inside scammer reveals how they find you and get inside your wallet - No sale. / Survey says: Most Americans want government-backed job training over handouts. Lifelong training is essential to a dynamic economy wrought by ever changing technology. Ask Clark topics include: Home | Costco Travel / Digital Receipts | Paperless Receipts | CVS / Debit vs. credit | Pros, cons and $ protections / What Is a Flexible Spending Account? / 529 Plans: The Best Places to Invest Your Education Savings - Clark Howard \\ Want more money advice? Sign up for Clark’s free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is my pleasure to welcome you to the Clark Howard Show, our mission to serve and empower

0:11.6

you so you make better financial decisions in your life.

0:15.8

Today's episode, I'm going to start out with what I consider to be a dirty word in the

0:21.1

travel industry.

0:22.5

Time shares.

0:23.5

What I share with you with an insider has said is really happening to those trying to

0:29.5

get rid of their burden of a timeshare they don't want.

0:34.4

Also do you think your fellow American just wants handouts that they want to just sit

0:39.8

on their rear ends and not work?

0:42.2

A new survey says, hmm, have more faith in your fellow Americans.

0:48.6

So somebody you should not have faith in is somebody who says, hey, that timeshare

0:54.5

you got?

0:55.5

I'm going to help you get rid of it.

0:58.5

Well, there is a story in Kipplinger magazine where they had an insider who worked ripping

1:09.8

people off who were stuck with timeshairs they didn't want.

1:15.4

And this story is so disturbing.

1:19.5

It's beyond belief.

1:20.5

First of all, you have a condo building, let's say, let's just call it a condo building.

1:27.7

And a developer selling out that condo building and has 100 units in it.

1:33.0

They have to sell 100 properties, one real estate closing each.

1:38.8

Let's say that condo building becomes a timeshare instead.

1:44.3

How many times do they have to sell each unit?

...

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