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The Clark Howard Podcast

06.13.24 A Warning For Entrepreneurs / Airport Security - New TSA Screening Tech

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 13 June 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Clark is a champion of entrepreneurship. Unfortunately, there are many multilevel marketing companies designed to make you think you’re really starting a business, when in actuality you are sinking your money into a hole. Also today - it’s officially summer travel season. What you see at airport security may surprise you. Beware MLMs: Segment 1 Ask Clark: Segment 2 Airport Security Lines: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Why Americans keep getting roped into multilevel marketing schemes What Is Long-Term Care Insurance Cost & Coverage How To Prevent, Report and Repair Identity Theft TSA PreCheck® vs. Global Entry vs. CLEAR: Which Is Best for You? Will TSA's New Self-Screening Service Save You Time At The Airport? TSA unveils first self-screening security lane at Las Vegas airport TSA unveils a prototype self-service airport checkpoint security screening system How Should I Handle Car Insurance for My Teenage Driver? What Are Index Funds? / What Is an ETF? 3 Places You Should Never Invest Your Money Best Investment Companies for Investors in 2024 Should I Invest a Lump Sum at Once or Through Dollar-Cost Averaging? Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode! Clark.com resources Episode transcripts Community.Clark.com 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

I'm so glad you've taken time out of your day to join us on the Clark Howard show.

0:09.2

You know our mission is to serve you with advice and information that empowers you so you make better

0:15.3

financial decisions in your life and today I'm going to talk about something I

0:20.5

love so much. you becoming an entrepreneur. So there are a lot of people trying

0:27.2

to give you a shortcut to being an entrepreneur that turns out to be a shortcut to disappointment and you losing money.

0:36.0

I'll tell you what you need to know what to watch out for.

0:41.0

And later, it's officially summer travel season. And that's led to

0:48.6

warnings about long security lines. The recent Memorial Day holiday weekend was a disaster in a lot of

0:56.2

airports for security wait times, but there is possible help on the horizon to deal with those forever waits. I want to talk about

1:06.2

that. So I didn't know you could be this, but I'm truly a born entrepreneur. It was always so much about who I am what I'm about

1:18.6

that I wanted to be in business for myself. And I don't know why it's like a culture that happens in some families

1:26.1

because if you look at my extended family all the way to first cousins, it was routine that we would go into business for ourselves. It's just what we did a family of

1:37.0

merchants of people who wanted to run their own thing a lot of people don't come from an environment that it's just innate in the

1:46.5

family culture that you go do your own business, that you start your own business. And my family, with my siblings, all four of us, all four of us have worked for ourselves

1:59.9

much or all of our lives lives running our own companies.

2:04.1

But what if that's not your family culture?

2:08.1

What tends to happen when you feel like you're in a rut

2:11.5

working for the man wherever you work or the woman and you're in a rut working for the man wherever you work or the woman and you're like I want to do my own thing

2:17.2

a lot of times what you turn to is the enthusiastic friend or work colleague who says I got this thing for you.

2:27.0

I mean it's so awesome.

2:29.0

What you do is you sign up with me for this and then you are going to be rich.

2:36.5

Let me show you how the up line and the down line and the sideline works and it's another pitch for a multi-level. And the whole idea of multi-level is one of those things. Hope Springs Eternal.

...

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