Never Ending Subscriptions
Talking Real Money - Investing Talk
Don McDonald
4.5 • 810 Ratings
🗓️ 30 March 2023
⏱️ 22 minutes
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| 0:00.0 | Reality Radio for a really great future. We're talking real money. These days, it seems like everything. Everything is sold as a subscription. |
| 0:19.9 | Everybody's got a subscription model. I mean, I remember back in the days |
| 0:23.9 | when you used to buy software. No, not anymore. You rent software. I pay Adobe a ridiculous. |
| 0:30.6 | I don't pay it, but Appella pays Adobe a ridiculous amount of money every month for the recording |
| 0:35.7 | software I use and all that stuff. As a matter of fact, |
| 0:38.5 | even car manufacturers are getting into this where they're renting you the cars you drive. |
| 0:44.9 | You just pay them monthly for the car and you can switch it out whenever you want and it's just a rental |
| 0:50.4 | and it sounds so cool. I mean, I get all my Apple stuff on a subscription model and they |
| 0:55.6 | bundle it all together. You watch streaming television. You don't rent movies anymore. Well, |
| 1:01.9 | you rent them, but you rent them on a monthly basis. It's a regular, regular thing. The only |
| 1:06.7 | problem is, often you get one of these subscriptions or you start a free trial and you think I'm |
| 1:14.6 | going to cancel at the end of the free trial and you discover, well, you either forget, |
| 1:21.1 | which is your fault, but I understand why, or you discover that canceling ain't so easy, Tom. |
| 1:31.4 | No, it's not. |
| 1:32.2 | I mean, the negative option marketing, I believe is what they call this, right? |
| 1:35.8 | Where you had to get in and say, no, I don't want that. |
| 1:39.7 | I don't want to continue. |
| 1:41.1 | There's also a mention here in this article by Michelle Singletary about |
| 1:44.2 | face cream fraud, which I'm sure you faced many times. Oh, there's so much, yeah, but there's so |
| 1:49.4 | much of that on television and radio where it's like, get your free bottle today for only |
| 1:55.2 | shipping and handling. And we'll send you a new bottle every month. And then they don't tell you |
| 2:00.6 | how much it is. |
... |
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