WEBVTT
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It is time to leave your worries outside and laugh
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with us inside the treehouse. I'm Daniel Alley along with
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Trey Trindholm today Monday, March twenty fourth, two thousand and
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twenty five. Tray, I want to start today by asking
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you a very personal question. Okay, you don't have to
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tell me how much, because I'm it's that part. I
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don't need to know. I just want to know. Do
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you currently have debt?
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Not really right?
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First of all, congratulations, it's very difficult in the twenty
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first century to walk around debt free.
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Be a drunk for twenty five years, lose everything and
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then slowly rebuild.
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You learn some things right. Money management was unexpected in sobriety,
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but here you are. I have some credit card debt
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outside of that, but it's nothing that is alarming. I have,
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you know, a house payment, but that's normal debt. That
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being said, there are multitude of ways to ruin your
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credit in the twenty first century, and now we've got
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a new one. By now hey later isn't just for
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furniture stores anymore, because door dash is partnering with Klarnet
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so users can finance their next food delivery.
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Okay, hate to be the old man. What is Clarna?
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Klarna is a financial company that extends credit to people,
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especially in small increments, because, according to this new partnership announcement,
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when the option launches soon, door Dash users can use
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Klarna to pay in four interest free payments or defer
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payments and let people pick a date that aligns with
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their paycheck schedules. There are all sorts of financial institutions
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out there these days that allow you to finance things,
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even at the tiniest levels. And this is another great
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example of that. Have you ever been shopping on Amazon
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and noticed the there's sometimes a tab you can select
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to pay in four easy payments of whatever. Yeah, you're
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now going to have that option on door Dash, and
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it's going to be offered through the financial institution Klarna.
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So interest free payments meaning they charge a hefty fee
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up front to finance said, so you're already you know,
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Taco Bell is the one that comes to mind that
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I just I can't fathom having Taco Bell uber, door Dashed, whatever,
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because you are now taking you know, a two dollars
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taco and making it a four dollars taco.
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You're paying four ducks for a Taco Bell taco, which
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I love.
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One of my favorite things is just a plain, old
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crunchy Taco Bell taco.
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But at four dollars, I'm not.
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No.
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Yeah, if you went to Taco Bell and they said
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four bucks, you would say no. But if you're at
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home and in your jammy's maybe a binge watching something
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on Netflix, you might think, who, I could go for
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a four dollar taco, And that's exactly what's going to happen.
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I mean, that's one of the reasons why I have started.
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I started cooking and really developing a love for cooking
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at the ripe old age of fifty is because of.
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Where I work.
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There's not a lot of restaurants around, and so I
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was spending an absurd amount of money on getting food delivered.
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And I'm like, I can make better quality food for
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a quarter of the price at home.
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You need to stop making so much sense because that's
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not how a lot of people operate these days.
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And the fast food thing.
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Just I told my bartenders this is they're obviously younger,
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and I'm like, y'all need to look at that stuff
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like it's a luxury, and luxuries if you you need
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to be able to afford a luxury, and you need
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to be making six figures b a healthy six figures
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to have a luxury like that, because.
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It is pissing away money in the highest order.
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So when the option launches soon again, DoorDash users can
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use Klarna to pay in four interest free payments or
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defer payments and let people pick a date that aligns
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with their paycheck schedules. So it's kind of like payday
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loan and a layaway have have had a really ugly
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baby and are and are now taking over your door
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dash payments. Now, keeping in mind, this is all completely
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by choice. You don't have to do it, so this
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is ultimately your responsibility. However, I'm an adult and I
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know how people are. This is gonna get ugly, and
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it's gonna get ugly fast, because when it really comes
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down to it, you need to ask yourself to difficult
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question like trade just did do you want to pay
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four dollars for a two dollars taco bell taco? Do
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you really want to take out a loan on a
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big mac? Do you need to finance a party taco
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from Taco Bueno, which is one of my faves. There
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have been times in my life where I've been drunk
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enough to.
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Say yes, I cannot wait.
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Cannot wait for the congressional hearings we will have in
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three to four years about the predatory lending, of this
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practice of predatory lending and how it took advantage of
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drunken stone people and their lives are ruined.
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Now. They just had to have that whopper.
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It will, it will happen, It will. There'll be a
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finger wagging moment from someone testifying saying, no, I didn't,
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but yeah, that's going to be the reality for some
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people when it comes to financing their next food delivery
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thanks to door dash and Klarna.
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And it also reminded me of this trey.
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Do you remember Wimpy from Popeye who would say I'll
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gladly pay you Tuesday for a hamburger today. Turns out
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he was ahead of his time. But here's something else
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to consider. You open up door dash because you're hungry
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and you don't want to go anywhere. You want the
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food to be delivered to you. And then there's Clara
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popping up saying would you like to finance this for
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for easy payments? Now, imagine you get declined for a
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happy meal. Yeah, that's kinda sting. It's kinda sting hard.
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And it's also asked none about this is and this
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is something that has really really gotten me to my
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core about this story. They're gonna let us finance some
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spicy nugs, but the state of Texas doesn't trust us
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enough with casinos or weed, and we can't even buy
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booze before noon on Sunday. But finance fast food again,
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and this won't stop.
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This is just the beginning that it's going to finance
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your fast food. This is going to be a way
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for them to finance your grocery shopping.
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Like it is again. There will be predators.
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There will be congressional hearings about this at some point
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in the next four years.
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And the irony is going to be is most of
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the people with Congress asking the questions and doing the
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investigating are also going to be the same ones who
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have financially benefited from the lobbying of predatory practices on
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behalf of the financial institutions. The world goes round and
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round and round again, the tail the dog chasing its
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own tail, wagging the dog, whatever metaphor you want to finance.
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Oh, that'll be fun, though, to see the list of
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stupid stuff people financed.
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I know it is. It is going to give me
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some ideas on what to order next. That sounds good.
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You're in the Treehouse.
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Visit us online at treehouseonair dot com.
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happen back inside the Treehouse Now. I'm Daniel Malley along
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with Trey Trenholm. On Monday, March twenty fourth, twenty we
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were just talking about how door dash is partnering with
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Klarna so you can finance your next fast food delivery.
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And Trey, you said, it's already extending into other areas
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of life that we have not expected.
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Yeah.
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So when I signed up and to move into this
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new place, they handed me this prochure on the service
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that you can Now They're like, well, if you don't
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want to pay your rent all at once, you can
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use these people and.
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Pay it off like every week or every two weeks whatever.
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I'm like, so you're you're putting people in places and
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letting them finance their rent, Like, what could go wrong?
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Oh, Jesus, this is another great, ugly cycle of financial
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ruin that his is happening. You've got people that can't
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afford to buy a home because they can't save enough
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money for a down payment because their rent is so expensive,
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and the rent is so expensive that now you've got
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financial institutions offering to finance your rent, but you can't
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qualify to buy a house. See the problem in all that?
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Oh? Absolutely?
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And and it's something, There is something with it. And
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I'm hate being the old man and picking on younger generations.
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But.
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Because I say this, we would have been just as
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bad had it been available when we were in our twenties.
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But they do not think twice the cost of getting
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stuff delivered is built in.
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They don't. They don't see it as really look at it.
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Oh, you're paying an extra twenty to thirty percent on
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that order for delivery, right.
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It's just built in.
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And I'm like, you need to you'll need to sit
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down and look at your receipts and look at how
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much money you're pissing away. Yeah, but then again, they're
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also it's just they're lazy, most of them.
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Sorry, gen Z.
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Just now. The thing is to keep in mind is
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that Trey, you're not just saying they're lazy because of
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things you've seen in the news or on TV or whatever.
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You're saying that because as a bar manager, you work
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with gen Z every single.
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Day, every day, so you've seen it. Yeah. I mean
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I if you.
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I look at what they have the potential to make
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every day, and if I were in my twenties, if
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I could go back in time and restructure and do
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things and I had the ability to make five six
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hundred dollars a night, I'd be working five six days
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a week or like just and it is a fascinating
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thing we've done. We've talked stories about it about you know,
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where we were a generation of live to work.
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They are a generation of work to.
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Live, and they're they're they're somewhat short sighted as far
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as you know, what's needed twenty years from now. So
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it's just it's a totally different mentality.
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The good news is not everything has to be financed.
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There are some very great things that you can still
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get for free. One of those things is this show
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and inside this show that is free. There's entertainment there
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that is also free that we share with you, and
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I'm going to do that with you now. So if
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you're financing your next burrito, I'm at least going to
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give you a free bee here, okay, because we all
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need to smile and happiness should remain to be free.
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I don't care if people are saying, oh, that makes
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you a socialist or a communist, Well, you know what, fine,
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Some things need to be free, like this that we
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posted on our Instagram just the other day.
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Banana chicken, banana chicken, bana bana banana.
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Chicken, chick.
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Chicken chicken.
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I don't know what it is, but seeing that chicken
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do the little head bob when it's uh at the
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DJ mixing table just makes me smile.
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It makes me smile. It also makes me want some
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spicy nugs.
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And it's not as good as DJ Cat, but it's