Hello wineappers, my name is Jesse Meakum and this is podcast number 493 for wineapp where

we teach you four rules to help you stop if you paycheck to paycheck.

Get out of debt and save more money.

Today, let me get out my soapbox.

Let me set it up.

It's a tall one today.

I'm going to need a ladder to get up there.

But this came across at Wineapp, we have this personal finance Slack channel.

And it's where we discuss personal finance because how could we not?

So we, you know, we just put up little things every once in a while and sometimes it's

questions like, hey, what do you all think about this or that?

Sometimes it's lamenting and we were lamenting an ad for an opportunity where when you're

purchasing something for $12, you can just break it up into six easy monthly payments.

And if you're looking for the late and great Mitch Hedberg, he has a killer, just killer

a little bit about installment plans anyway, Google it, it's worth googling.

So this idea, these businesses that are rolling out where they can kind of integrate in with

different shopping cart providers and they can say, hey, look, hey, look, seller, we will

get you more money by using this program or we will increase your conversion rate because

the person doesn't have to overcome the fact that they need to buy this thing for $50.

They just need to come up with a way of spending $5 today.

And then 10 more payments or 11 payments or whatever.

The interest rate on these things can be absolutely crazy.

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