The Trust Tax. Yes, sometimes there are hidden, ugly variables in that, too.
It’s very difficult to trust people who work for different companies, such as those exploitative companies that tell you, “hey! You can stay at our beautiful condominium for cheap tonight with no extra costs!”
If you guys didn’t hear the story about 1.5 years ago, here’s a snippet of it.
A friend and I walked into this touristy place on a cold Sedona morning and this guy gave us an offer that we couldn’t refuse. However, I scratched the back part of my mind and knew there was always condition. He stood right before our eyes and told us that we can stay at this beautiful condominium for half the price and take a 20$ helicopter ride, only if we visit a timeshare the next day.
If you guys aren’t aware of timeshares, they have an abominable name and I’m still unaware of what they are…but let’s just say an extortionate scheme played by individuals to get you to pay less, but in hidden print, you’re paying 300% more.
We looked at the contract and my friend asked me, “be real, this is all we have to pay? We won’t be forced to buy anything?” We were at this place trying to get directions to gorgeous hiking places and we almost had our lives turned right upside down. He said all we needed was a credit card to hold $200. It would later be released.
When this conversation was going, two ladies next to us went up in arms and became defensive about their situation: “NO! We don’t want that. We’ll leave now. We want only this and that’s enough. If not, we’re leaving.” These women were beyond aggressive; meanwhile, I tapped my friend on the leg and gestured to that situation and wrote on my phone (under the table), “this guy is trying to f*** us.”
Sure enough, the payment for the credit card never went through because my friend only had $200 on the card, the guy had three hidden fees totaling out to about $800 dollars.
Lesson learned. The measurable economics of trust could be unbelievably deceiving. This man, who apparently has a family, would push a narrative to argue with people everyday? Just a sad life. But just like Thailand, places similar to what I’ve just talked about do exist.
And with this story, let’s get into the summary of taxes and dividends. View the PDF and following me on this crazy journey in the podcast.