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And we’re alive and we are alive at, to say we were alive when you were in, you got a notification. They do. Okay. All right. So this is the first time that I’ve ever gone. Live very, very weird for me, very new as a new experience, but I wanted to do a Live Show today to try it out, to see what’s going on, you know, whether or not people would join, you know, just again, just to try it out. So this is The JTH Show today. We are going to talk about real quickly debt collectors going over or for you on social media. And Elon Musk says MBAs there are Too Many MBAs in corporate America among other things, but first roll the intro.
0 (1m 1s):
All right. This is weird. I usually have time to like, scratch my nose and like, get ready for you guys while that intro is happening, but it’s not so whatever, it’s a Live Show it’s not meant to be anything fancy. It is what it is laid back. It’s fine. Let’s, let’s start with the first story and a, and see what happens. So, and the first story we have today, we have a, it’s something that I found very interesting because I’m in the world. As you guys, some of you guys know up to that marketing, what does that mean? Well, I even offered campaigns, right? Which is what I do for living campaigns. In which an example, people will call you and harass you for your money. Of course, if you live in, in the United States and you have debt, and when they do that, a lot of the times they use somewhat unorthodox, you know, tactics, right?
0 (1m 51s):
To try to get you to pay that debt things like, Hey, we know where you live. We’re going to send the cop’s. You only have 10 days before we sent this to court and blah, blah, blah, blah. I mean, I’ve heard them all. Why? Because quite frankly, I’ve been in debt before. And like many of the American’s, you know, we have heard these tactics, you know, that they try to use to intimidate you into paying things right now, a lot of times they come through and actually Sue you many times. They don’t. But here’s the thing, right? What I found today, interesting is that now there will be new laws allowing these debt collectors to go after you using social media. So what does that mean? What does that mean? Is that now if you have Facebook or Instagram and again, any of their social media, they very well could use a social media to just reach out to you.
0 (2m 36s):
So now your next friend requests can be like your local, you know? So the debt collector person, right? You might be thinking of someone, nice. Some girl reach out to you. You’re like, Ooh, is this, you know, something? You know, some girl, which out to me from requests wrong, it’s a Suzie from the debt collector agency saying, Hey, you owe us $10,000, $2,000 or whatever it is. And here’s the thing, jokes aside. I find this to be somewhat dangerous, or it could be in my opinion, because again, that collectors, as I show you here real quick, let me see if this works, this should work. They use tactics again, to exploit people into thinking you owe debt.
0 (3m 19s):
Sometimes at it sold that, that now has patched that past, that statute of limitations. And you know, after about seven years, do you only really have to pay a back? A lot of people know this is that once you pay a debt back or you confirm, once they call you and harass you, they tell you things like, Hey, you know, you owe this day and a, you have to pay it back. Now in this article here that I’ve found, it says title deco doctors will be able to look for you on social media platforms next year here, you know, there are a little bit of the article here is the year of 2020 has seen historic job losses and economic downturn, leaving millions of people and debt.
0 (4m 3s):
Very true for some that means dealing with calls from debt collectors starting late next year, debt collectors will allow, will be allowed to contact consumers. Yeah. Email, okay. Text messages and even social media. So what does that mean before? Right. Certain laws allow for people to be contacted over strictly over phone calls. And you were able to, you know, send those calls to, you know, unknown numbers or whatever, you know, block numbers you were able to get around them, right? Not that you should. I understand Thompson. You have to, I’ve been there right now with them.
0 (4m 44s):
Not only text messages, email and social media. What do you do you think some of these individuals, and by the way, if you’re one of them, you’re welcome to chime in on the comments below will do. Now that they’re incentivize and allowed to reach out through other means. Yeah. So if you didn’t know this, of course, a lot of the people, again, I work in the BPO industry graph campaigns, right by debt. You actually buy debt from major Creditors right? Like capital one, or even retail stores at best buy it. And you pay you to literally pennies on the dollar. So what happens? You buy a Too 1000, $2,000 debt, and then you’re really pay maybe one to five to 10% of it.
0 (5m 28s):
But you try to recover as much as you can. In desperate, you turn a profit, you essentially train these column Bulldogs, right. To go after people and harass them as much as you can. Now, there are certain limitations that those quote, unquote Bulldogs have so many calls. You know, there’s, there’s so many, so many things that you can ask from you that Herrera a lot of the times they get very aggressive and they go, so after an example, you buy a means of your employer. So they will call your employer and say, Hey, we’re looking for, for Don DOE trying to embarrass him. Right. We’re calling him because there’s a depth that’s been known. So to proceed, why are you? Do you feel that, Oh man, you know that you all have a, the main char or somebody in the often saying, Hey, by the way, a capital one call you, you know, John.
0 (6m 11s):
And you’re like, why, what? John does a lot of jobs. It’s not Me no, they say your last name. They said to you, what is this? And you say, you all as much. Yeah, it gets nasty. So when it’s going to happen, now, now those Bulldogs are going to have means of, of saying, you know what? I’m going to just look them up real quick on Facebook. Now, Facebook, by the way, is looking into this right? In the same article, they go on to say that social media platforms are looking into exactly what going to happen. What do you know that the consumer financial regulations are going to be behind allowing set of companies to reach out through your social media. So even Twitter and Facebook, they’re still, we don’t know what to do with this new, you know what this new law, which will go into effect in 2021.
0 (6m 57s):
And again, until they figure out their shit, you don’t know if your next friend requests will be your friendly neighborhood, you know, DEC collector, liking your posts, putting it on you, every single one of your posts, like, Hey, great picture of you and your dog. I remember you kind of owe us $3,000. Yeah. You know what it’s like, but like, like your picture, like the picture, but yours money, you just, you never know. Right. So I don’t think there’s going to be cut and dry. I actually think this is something that you definitely had, you know, something happened with the bureaucrats right up in Capitol Hill, wherever it is that you live, where you have people, right.
0 (7m 40s):
That we’re, we’re, we’re petitioning for this to happen to me, but to push forward. And it did. And now again, it it’s, it’s going to be allowed. So watch your text messages, watch your friend request and, and, and definitely watch your emails. Cause that’s another thing that you’ve never seen before, you know, getting spam. Bye Creditors. And trust me, trust. Torres just trust me on this one. Many campaigns. I have know many people in the BPL industry. They’ll say the line is kind of gray and many of them will push it all the way to the black side. Like as much as I can when it comes to like what you can’t and can I do, I’ve seen him with stuff in solar, right?
0 (8m 22s):
And when people sell you solar, I’ve seen it with things. When people sell you just standard Legion, I’ve seen it all. And them being allowed to do this is just another tool that they are going to push. Right? So regulation says, Hey, maybe not saying, and friend requests, Bobby Live, but I didn’t technically the company who owns another company is sending different requests or, Hey, don’t harass them more than five times on social media. They’ll do the five times been there, you know? So just watch out for it. All right. Let’s move on to the next story. Some of you will accuse me of somehow being, you know, infatuated with the Elon Musk I’m not, I just found that find a guy interesting.
0 (9m 3s):
And over the last couple of weeks, increasingly more, that’s what, I’m not sick. I know I’m not being a Sampan what I’m just saying. That guy knows how to play the Media. He reminds me of Donald Trump. Sometimes. I wonder if 20, 25 Elon Musk for president watch some crazy shit. So now he is at least in my news, right? In my Show here because he was in the news again. Why check this article out? Elon Musk on the problem with corporate America. He says Too Many MBAs now here. I hope to nobody’s surprise. I’m going to agree with the guy, right? Not because you know, I’m a guy that doesn’t have an MBA necessarily.
0 (9m 45s):
I don’t, but he makes a good point. He makes actually many good points here in this article. So a little bit about the article here says Tesla and SpaceX founder Elon Musk says the biggest problem with corporate America today is that too many businesses, school graduates are running the show. He says. And the statement, I think that there might be Too Many MBAs running companies must say not Musk sit on Tuesday. Very good point there. Right? Listen, as you can, guy that has gone up the ladder and I’ve worked my way up the ladder as a guide that decided to work pretty much right. At a high school, right? In, in a nine to five, and then worked in, in a company for many years, almost 12 years, right?
0 (10m 31s):
In industry, I worked my way up all the way up to a Too pretty much a district manager, right. Even though we had the official title is general manager later on in life. I worked my way up again and through negotiations, you know, I got myself into a of, I will tell you this as a guy that has been down that road, I have seen the adjacent road, that road been of people that go to school, get their, you know, their bachelor’s or even associates. But definitely many of them getting their masters coming over to the place. Where are you? We used to work sitting in interviews, right?
0 (11m 14s):
Oh yeah, man. We just had to graduation last week, you know, two weeks ago, this month, whatever. And they, you know, based on the industry standard I, and what I have studied of course, and got my degree on, I should be X amount of dollars. Now, before I tell you the number you understand, you said that these individuals just came from being frat boys. Many of them just came from, you know, getting their diploma, not having an ounce of experience, but here they want to go all the way to the top. That happens in the military. By the way. Now, when I was reading this article, I, you know, went down that rabbit hole and I’m like, Oh, interesting. When you’re in, by the way, many of you guys that didn’t know this side, know if you go into the military with a degree, you get to jump a lot of ranks, right?
0 (11m 58s):
Sometimes going all the way to officer, okay. It’s very similar in the corporate world. Many of you guys working right now and 90 fives, you know, seeing people come and go and high ranking positions, you might not know that it’s actually because a lot of them not only know connections, but have these MBAs. And the reason I liked the article is because here’s a guy, right? That owns one of the biggest companies in the United States, at least, right? Our you believe the world. And he is a guy that says that there are too many of these are graduates with MBAs coming in knocking and demanding a chair at the table. And it’s very true. Now, do I think that some of these individuals don’t deserve a position Reno at that, at that level?
0 (12m 42s):
No. I’ve met many people with degrees that are pretty damn smart and they know what the hell they’re talking about. And they deserve that in more, but I’ve also known some of them that are complete morons, excuse me. And quite frankly, they, they don’t know how to do high school level business analytics. So quick story. When I was working with a company, there was an individual who had graduated, had a master’s in business, right. And this person didn’t know we gave her, we gave her so many opportunities to run so many different reports.
0 (13m 30s):
And again, she couldn’t get past running simple sum and couple of functions on a spreadsheet when she had a Ganny master’s in business administration or something along those lines. And she was just one example. So a lot of the times, again, what happens in, if anything, it’s a lesson for many of you, if you do, or are you are working towards some kind of degree, you better walk the walk and talk the talk it’s big. And don’t take you from this guy. If you were only hearing it for me. And you’re like, you, you don’t even have one. I don’t care what you say. You’re even know how to do it.
0 (14m 10s):
Live Show your hanger from your hearing. You’re from Elon Musk, you know, again, that guy has done pretty well for himself. Some might say, and he’s saying it and why? Because he’s pro he’s probably has seen it, right. He probably has seen that. There, there, there, there are many of these people when MBAs, here’s a quick thing that I want to show you guys real quick that I forgot. Let me see if I can bring it up real quick. There it is. Check this out. So here towards the bottom, right? He, or it’s a middle of the middle. He says this MBA ization of America is in great. Musk said especially when it comes to product innovation, that right there was key for me key.
0 (14m 57s):
Because again, going back to the example, I was talking about a lot of these individuals, they had these fancy degrees. We were bringing together in a meeting. And then when we started, we were will start talking, how do we innovate at the time? So in services that we were providing, it was always myself and this other individual who happens to be a good friend of mine. That we’re all, it felt like we were always coming up with good ideas, right? We’re always leading the pack now that we have the highest titles. I sure. I guess at the time you can say we did, but why would that stop anybody from again, pushing innovation and you guys are the ones with all the fancy degrees.
0 (15m 37s):
So to conclude, am I going to say, going to school was bad now I’m not going to try to get all crazy romantic. And, and I I’ve seen some so-called influencers out there, know it, you know, to saying this. And at the end of the day, if going to school makes you feel good. If having one of those diplomas makes you feel happy, do you, what do you write? But this message is for you, all of the rest of you, that don’t people like me, that don’t have a fancy diploma, not even an associates. And you feel like you only and can only stay maybe manager, supervisor and below again, don’t take it from me taking from a guy like Elon Musk right here at which he is, he is saying.
0 (16m 19s):
And if you go on and read that article, he says on there, right? That more corporations out there Show really opened up positions to people with experience drive, not just a fancy title. In fact, if I’m not mistaken, I think the current president administration was also trying to do something similar Googling, right? Where again, they’re pushing, trying to push people that sometimes have 20 years of experience doing something 10 years of experience. But they feel either a suppress because of their own, you know, I don’t know, inability or her, or, or maybe some level of, of being scared to go forward.
0 (17m 6s):
Right. Or their bosses are keeping them down because they just don’t have the experience. Right. So it’s just something for you guys to think about. And yeah, that’s, that’s pretty much it. I does wanting to do a Live Show today and maybe one day you guys will catch me with a few more of these. Are we going to go back and forth to some questions? You know, you feel like you want to just kill 20 minutes of your life. Let’s kill him. But yeah, that’s it for today. Hope you guys have a great rest of your day and until, until next time, see ya. Oh, wait. That’s what, you know how to do this anymore. I can just, I can just shut you guys down like this. Bye.