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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Hey, Everybody's Business listeners, I'm Max Schafkin and.

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Speaker 3: I'm Stacey Vannox Smith, and we.

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Speaker 2: Have a special treat for you. We hosted a live

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Speaker 2: show at the Ludlow House in Lower Manhattan a couple

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Speaker 2: days ago where we talked about the current state of

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Speaker 2: summer travel.

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Speaker 3: Yeah, it is a little bit bleak out there. Stuff

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Speaker 3: is changing all the time, people are stressed. But here

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Speaker 3: at Everybody's Business, we really did get the best of

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Speaker 3: the best to help you navigate your summer travel plans,

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Speaker 3: including Bloomberg's very own travels are actual title Nikki Eckstein.

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Speaker 2: Yeah, I've gone back and forth. I keep thinking that's

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Speaker 2: a joke, but it's not. It's not a joke and

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Speaker 2: I love it. And of course, the one and only

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Speaker 2: the super Saver himself, Brian Kelly aka the Point Sky Stacy.

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Speaker 2: He was throwing so many ideas. I was regretting not

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Speaker 2: having a notepad with me because there were so many

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Speaker 2: good ideas.

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Speaker 3: Yeah, there was. There is no lack of information, no

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Speaker 3: lack of tips, no lack of tricks. So yes, get

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Speaker 3: out your pencil and paper or your phone or whatever

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Speaker 3: you used to take notes and let's all make the

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Speaker 3: skies a little more friendly together.

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Speaker 2: Enjoy.

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Speaker 4: So, without further ado, the hosts of Bloomberg Businessweeks Everybody's Business,

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Speaker 4: Max Chafkin and Stacy vannick Smith.

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Speaker 2: Hello, Lovelow House. Nice to see you all. How's everybody doing? Stacy,

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Speaker 2: I cannot believe they let us into this place. It's

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Speaker 2: it's like, yeah.

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Speaker 3: It's nice. It's technically on the list.

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Speaker 2: It's true. We were not on the list. I am Max.

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Speaker 5: Cha.

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Speaker 3: For those who don't know, I'm Stacy Vanicksmith and this

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Speaker 3: is Everybody's Business from Bloomberg BusinessWeek.

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Speaker 2: Thank you very natural. Uh. Some of you have probably

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Speaker 2: heard of our podcast, but for those who haven't, we

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Speaker 2: have a weekly show where we try to demystify the

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Speaker 2: world of business, money, economics. We are our show, Stacy,

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Speaker 2: I like to think of it as the friend in

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Speaker 2: your group chat that knows about business stuff.

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Speaker 3: Yes, we try to like answer questions, clarify things, make connections,

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Speaker 3: business and economics. It's all around us. It impacts our

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Speaker 3: lives whether we want it to or not, especially when

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Speaker 3: it comes to things like travel.

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Speaker 2: Early May this is the time we thought, this is

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Speaker 2: when everybody is starting to think about the summer. What

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Speaker 2: are they gonna where are they gonna go, where are

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Speaker 2: they gonna fly? And how much is gonna cost? And

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Speaker 2: the reality is it's it's bad. But we've got two

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Speaker 2: great guests to talk about that. Bloomberg Travels are Nikki Xtein.

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Speaker 2: She's gonna sort of unpack this frustrating travel moment. And

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Speaker 2: then Stacy, I know you're excited about this.

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Speaker 3: Yes, we've got Brian Kelly, aka the Points Guy. I

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Speaker 3: don't think my dad has ever been as excited about

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Speaker 3: a person I've talked to ever in my life.

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Speaker 2: We texted Stacy's dad backstage with a video from Brian

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Speaker 2: and he was completely freak you know. I was like,

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Speaker 2: what do you say, TPG?

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Speaker 3: Yes? Oh yeah. He was like, you're talking to TPG

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Speaker 3: And I was like what, Yeah, longtime devotee as are

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Speaker 3: many of us?

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Speaker 2: Okay, and so we'll talk to them, we'll have some questions,

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Speaker 2: then we're gonna have a game. But before we get

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Speaker 2: to all of that, yes, first off, question, who has

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Speaker 2: a trip booked this summer?

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Speaker 3: At show of hands? Okay, now another show of hands,

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Speaker 3: how many of the people who have trips booked this summer,

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Speaker 3: are nervous those plans might change. Okay, so people are

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Speaker 3: pretty confident in this crowd. Now a last question. How

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Speaker 3: many people in the audience are happy with the price

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Speaker 3: they paid? How many of you are happy with the

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Speaker 3: price you paid for? No one is happy? Person value

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Speaker 3: That might be Brian happy with the price paid.

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Speaker 2: All right, let's get into it. Let's bring up Nikki

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Speaker 2: Nikki Eckstein. She should be joining us here she is,

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Speaker 2: She's walking up Bloomberg's travels are I actually didn't realize that, Nikki.

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Speaker 2: That is your like official title. That's what it says

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Speaker 2: on your business cards.

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Speaker 6: It does, It says, guys, Bloomberg's business cards don't actually.

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Speaker 2: Have but if it did, it would travel.

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Speaker 6: That is actually my my title, travels Ar. I always

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Speaker 6: salute When I said, I.

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Speaker 3: Don't know what you should salute a tzar, I imagine

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Speaker 3: it wasn't I like invention of a title.

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Speaker 6: Bloomberg has czars, which is kind of a funny thing.

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Speaker 6: But yes, I'm the travel czar at Bloomberg.

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Speaker 3: All right, well it seems like a good kick.

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Speaker 2: First question I want to ask you, Nikki, is like,

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Speaker 2: where are you on travel? I mean, you are the czar.

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Speaker 2: This is what you do for a living. How are

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Speaker 2: you what is your plan for this summer and sort

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Speaker 2: of how are you feeling about it?

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Speaker 6: Oh, Max, it's such a cute question. I'm having a

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Speaker 6: baby in July, completely exagerated from summer travel this year.

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Speaker 6: I am medically not cleared to fly beyond the end

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Speaker 6: of May, and I won't be back at it until September.

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Speaker 6: So this is a hilarious time for me to be

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Speaker 6: a person who's talking about summer travel. What I can

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Speaker 6: say is that I am not envious of what people

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Speaker 6: are paying for their summer travels, and actually I am

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Speaker 6: right on trend with summer travel by traveling and what

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Speaker 6: we call the shoulder seasons. So traveling in May and

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Speaker 6: September as opposed to like the peak summer months is

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Speaker 6: usually a way to save money.

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Speaker 7: But I don't know.

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Speaker 6: Europe is already completely mobbed with Americans. I have colleagues

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Speaker 6: in the Amalfi Coast right now and in the Greek Islands,

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Speaker 6: and they are packed to the gills with American travelers.

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Speaker 6: So shoulder season is a very known hack at this point,

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Speaker 6: and I am joining that movement by definition.

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Speaker 3: Also potentially joining the staycation movement.

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Speaker 7: Also joining the staycation movement.

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Speaker 3: This is true, how much like what kinds of things

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Speaker 3: have been changing travel?

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Speaker 2: Is it?

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Speaker 3: Obviously we're in we're going into month three of the

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Speaker 3: attack on Iran and oil prices being so high and

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Speaker 3: flights even starting to get canceled and jet fuel price

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Speaker 3: is going up. How much is that changing things right now?

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Speaker 6: Well, you have to remember that this is just like

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Speaker 6: the latest thing that travel businesses are contending with in

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Speaker 6: a many years long series of events that started with COVID.

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Speaker 6: If you go back to twenty nineteen, travel was at

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Speaker 6: this all time high in twenty nineteen, the numbers everywhere

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Speaker 6: were record setting, and then twenty twenty shut the entire

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Speaker 6: world down. We don't need to rehash that territory that

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Speaker 6: we all still remember too well.

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Speaker 2: But then you had the revenge travel.

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Speaker 6: Then you had revenge travel, and it was a little crazy.

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Speaker 6: But when the conflict opened up between Russian and Ukraine,

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Speaker 6: the demand for long haul travel was really impacted because

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Speaker 6: airlines had.

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Speaker 7: To take longer routes to avoid the airspace.

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Speaker 6: It's a lot of the same stuff that we've been

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Speaker 6: rehashing now at the Iran war. Although this kind of

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Speaker 6: brings it all up to a different degree. But if

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Speaker 6: you think about like the number of big catastrophic things

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Speaker 6: that have affected travel over the last few years, it's

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Speaker 6: been one after another. We've not had stable, you know,

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Speaker 6: a long stable period for a while.

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Speaker 2: I feel like when you're talking about this, you kind

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Speaker 2: of have to acknowledge the Trump of it all. So

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Speaker 2: I wrote in our notes Trump related crises, So you so,

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Speaker 2: and that kind of starts. I think with the war,

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Speaker 2: maybe it doesn't start, but probably the most important thing

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Speaker 2: you alluded to it is the war in Iran, which

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Speaker 2: has done two things as far as I can tell.

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Speaker 2: One of them is it's totally messed up traveled in

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Speaker 2: Middle East. Dubai, of course, is a major international hub.

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Speaker 2: When you have you know, bombs flying, that's going to

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Speaker 2: make things difficult. And then prices, I mean, the prices

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Speaker 2: have been out of control. I guess I haven't mentioned

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Speaker 2: those lines, the TSA lines that was another thing shutdown.

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Speaker 3: I mean, that's like a lot of the big stuff.

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Speaker 3: It Also, I think people feel like there's a lot

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Speaker 3: of shifting geopolitical things happening, so that can also complicate travel.

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Speaker 6: This is like a butt wait, there's more right because

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Speaker 6: think about Doge slashing budgets just a year ago. That

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Speaker 6: was the beginning of all of our FAA issues.

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Speaker 7: Good news for anybody.

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Speaker 6: The DHS shutdown obviously has impacted security situations throughout US

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Speaker 6: airports this year. But also don't forget the situation that

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Speaker 6: unfolded in Venezuela right over New Year's which left so

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Speaker 6: many people that I knew in my circle stranded in

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Speaker 6: different islands. They were all trying to get back after

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Speaker 6: winter break as school was restarting, you know, after the holidays,

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Speaker 6: and people got trapped. They were stranded sleeping in airports

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Speaker 6: for three, four or five nights.

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Speaker 3: Sleeping in airport. I was like, can you call it

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Speaker 3: trapped if it's a Caribbean islands?

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Speaker 6: Sounded nice on the surface, but it was pretty terrible

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Speaker 6: for a lot of people. And there were a lot

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Speaker 6: of travel expenses that people lost out on that were

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Speaker 6: not recouped by travel insurance. It's been a pretty messy

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Speaker 6: couple of months or year or year in change or

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Speaker 6: five years.

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Speaker 3: So one of the things that we talk about a

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Speaker 3: lot on the show is what they call the K

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Speaker 3: shaped economy. That is that the wealthy part of the

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Speaker 3: economy is getting wealthier and wealthier, and the less wealthy

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Speaker 3: part of the economy is like getting less and less wealthy.

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Speaker 3: Now you have explored both parts of the K in

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Speaker 3: your job, what are some of the ways that people

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Speaker 3: can I guess, for the upper part of the K

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Speaker 3: and the lower part of the K get around some

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Speaker 3: of these complications because it does seem like obstacles are

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Speaker 3: coming at you all the time. But you have looked

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Speaker 3: into some of these hacks.

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Speaker 6: Okay, so we want to do hacks, all right. Let

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Speaker 6: me just like say one thing, which is that the

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Speaker 6: K shaped economy is very real in travel, but is

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Speaker 6: also idiosyncratic in travel. There's a lot of data that

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Speaker 6: goes to show that the last expense that people cut

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Speaker 6: from their budgets now post pandemic is travel. Really yes,

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Speaker 6: so as much as there are a lot of different industries,

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Speaker 6: including retail and restaurants, et cetera, that have been really

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Speaker 6: really hit hard by the kind of radical two ends

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Speaker 6: of the K shaped economy, in travel it's a little

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Speaker 6: bit different. What we're seeing is a bifurcation of luxury

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Speaker 6: and ultra luxury, and everybody who doesn't normally pay for

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Speaker 6: luxury has to figure out how to come up to

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Speaker 6: that basic level.

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Speaker 7: That's now where things start.

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Speaker 2: So this kind of gets back to I promise you

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Speaker 2: we will talk about ways to have better travel. But

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Speaker 2: this is another area where travel has been tough because

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Speaker 2: you know, anytime I'm in an airport, now I see

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Speaker 2: these lounges, and I'm not a lounge person. I don't

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Speaker 2: know about you all, I will not darken the door

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Speaker 2: of an airport.

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Speaker 3: Lounge, like on principle unless forced.

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Speaker 2: Basically, yeah, yeah, kind of on principle. But but part

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Speaker 2: of the reason is that, like you look at the

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Speaker 2: line and you're like, wait, maybe maybe non.

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Speaker 3: Principle or just you don't want to pay to go

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Speaker 3: into the lounge.

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Speaker 2: It's all the things.

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Speaker 6: Because Max Fly Spirit, I see Max Well Spirit lines

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Speaker 6: on the lounge and I think to myself, what are

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Speaker 6: you doing?

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Speaker 2: You're waiting?

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Speaker 3: Have you been into a lounge?

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Speaker 2: But like it does seem like there's overcrowding in these lounges.

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Speaker 6: There is definitely overcrowding in the lounges. First of all,

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Speaker 6: there's a lot more lounges, but there's also a lot

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Speaker 6: more people who can get into them. You can also

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Speaker 6: pay your way into a lot of lounges, and so

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Speaker 6: things that used to be properly premium and VIP have

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Speaker 6: been diluted to the fact where like you just pay

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Speaker 6: fifty bucks.

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Speaker 7: And you're in the door.

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Speaker 6: That's no longer luxury. It's an expectation among many people

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Speaker 6: that they can just pay those fifty bucks and get

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Speaker 6: in the door, or have the right credit card in

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Speaker 6: your wallet and get in the door. And so these

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Speaker 6: are no longer exclusive spaces, and that's made them less

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Speaker 6: appealing for a lot of people.

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Speaker 7: Who used to use them. Right, what I'm saying the

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Speaker 7: Spirit crowd well, and that's the.

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Speaker 2: Other thing, the sort of dominance of these big carriers.

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Speaker 2: They've done very well right with getting people to pay

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Speaker 2: more money to sit in the front of the plane

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Speaker 2: and extracting more money from consumers. And the result is

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Speaker 2: they've killed my favorite airline, Nikki Spirit air Rip to

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Speaker 2: a real one. It is very sad for those of

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Speaker 2: us who appreciated the banana colored airplane.

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Speaker 6: Okay, I pulled a couple of stats because I do

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Speaker 6: think that these are stories that are really well told.

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Speaker 6: In numbers, Since January twenty twenty, the number of scheduled

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Speaker 6: business class seats on domestic US flights has gone up

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Speaker 6: by twenty seven percent.

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Speaker 3: What is scheduled business class seats?

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Speaker 6: That means that the number of available seats in the

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Speaker 6: front of the plane, okay, on routes that are flying

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Speaker 6: across the US has gone up by twenty seven percent.

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Speaker 3: Are planes are putting in more seas so they're like

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Speaker 3: luxury loading.

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Speaker 6: They're luxury loading the plane. That's exactly right. At the

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Speaker 6: same time, you know, there's a price for that. The

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Speaker 6: economy seats are coming out, right, So those premium seats

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Speaker 6: are growing three times faster than economy seats because there's

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Speaker 6: more seats overall, Like airlines are getting more planes, there's

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Speaker 6: more planes to fly, there's more seats, there's more people

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Speaker 6: in the skies. But the business class seats and the

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Speaker 6: premium seats are growing three times faster than the economy seats.

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Speaker 7: And then we've all heard like, you know, United's getting

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Speaker 7: these new planes. They're going to have all these different.

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Speaker 6: Features, basic business blah blah blah. We'll talk about that later,

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Speaker 6: I'm sure, but for every one of these new planes

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Speaker 6: are taking out sixty five economy seats and putting in

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Speaker 6: thirty premium seats.

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Speaker 7: So this just gives you a sense of what's going on.

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Speaker 7: What's really interesting is.

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Speaker 3: Part of the K it's squeezed. So the at least

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Speaker 3: flying the lower part of the K is squeezed. There

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Speaker 3: are just fewer options now Spirit's gone. Yes, sorry Max.

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Speaker 3: And this is happening also in hotel.

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Speaker 6: In hotels, it's happening too. People don't think about this way.

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Speaker 3: What does that mean? Describe this situation in a hotel version.

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Speaker 6: When hotels get renovated, they are oftentimes ripping out the

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Speaker 6: smallest rooms, knocking down walls between them, and creating bigger ones.

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Speaker 6: Because there's more demand for suites and for villas these

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Speaker 6: days than there is for basic rooms. It's not enough

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Speaker 6: to stay at the hotel anymore.

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Speaker 7: You've got to stay in a suite. You've got to

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Speaker 7: have a terrace, you've got to.

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Speaker 6: Have an ocean view, you got to be able to

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Speaker 6: brag about it all. And so hotels are actually retooling

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Speaker 6: their footprints to get rid of those entry level rooms

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Speaker 6: and put in more suites.

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Speaker 3: It feels like things are getting more and more out

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Speaker 3: of reach. If you're just a normal person, like what

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Speaker 3: if you just love to travel, but you don't have

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Speaker 3: luxury travel money.

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Speaker 6: You take fewer trips and you spend more on them,

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Speaker 6: is what most people are doing.

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Speaker 3: And now Spirit's gone, and now Spirit's gone little known.

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Speaker 2: In fact, they do have a business class in Spirit.

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Speaker 2: It's called a big seat. That's not it may be one.

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Speaker 3: Also, I appreciate that you keep talking about them in

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Speaker 3: the present tense, like there's like if you're are you

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Speaker 3: manifesting that they come back?

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Speaker 2: I am.

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Speaker 7: The wound is fresh, Nikki.

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Speaker 2: We're gonna have a whole segment at the end of

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Speaker 2: this show where we compete to give the best travel hacks.

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Speaker 2: And I know you've saved one really good one for them.

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Speaker 2: But as you are are talking to friends and family

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Speaker 2: and trying to give them suggestions of how whatever to

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Speaker 2: make the most of their travel dollar, how to deal

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Speaker 2: with some of these issues, why don't you hit us

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Speaker 2: with some of yours? You got it?

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Speaker 3: Yeah, we want acts.

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Speaker 7: Okay.

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Speaker 6: So I'm not a person who plans my travels with AI,

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Speaker 6: not yet, probably not ever. But Google Flights is a

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Speaker 6: really really good product that helps you find cheap fares,

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Speaker 6: and you can talk to it like you would talk

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Speaker 6: to chat GPT to give it parameters like help me

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Speaker 6: find a cheap flight within a three hour flight radius

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Speaker 6: of New York, or you know, whatever stipulations you want

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Speaker 6: to give it. Just for some examples of things that

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Speaker 6: I found on it today, Memorial Day flight from New

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Speaker 6: York to Nantucket. We're down fifty eight percent over there

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Speaker 6: from their average prices. Two hundred and thirty three dollars

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Speaker 6: per person to Nantucket same weekend to Hilton Head Island

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Speaker 6: was one hundred and eighty seven dollars. Like these are

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Speaker 6: super reasonable prices.

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Speaker 3: So do you what is this just like regular Google

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Speaker 3: or what is this slight flight deals Google flight deals

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Speaker 3: for Yeah? Interesting, that's what If you just talk to

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Speaker 3: it and you say, hey, I want to go to Nantucket,

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Speaker 3: that is awesome.

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Speaker 6: Find me a place where the prices are really good

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Speaker 6: for this upcoming Memorial Day weekend. Here's the hack, though,

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Speaker 6: It's not just finding the cheap flight on Google flight Deals.

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Speaker 6: It's then taking that flight that you've identified that's cheap

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Speaker 6: and booking it with.

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Speaker 7: A travel agent.

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Speaker 2: Why.

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Speaker 6: The travel agent doesn't cost you anything to use, and

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Speaker 6: it is so crucially important to have somebody that you

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Speaker 6: can call in the event of a cancelation or something

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Speaker 6: goes wrong in the middle of your your.

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Speaker 2: Talking about actual human being now like cuctual human being.

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Speaker 7: I had a flight.

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Speaker 3: I feel like I don't even know how to find

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Speaker 3: a travel agent anymore.

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Speaker 6: Oh we got to talk, Okay, I'm going to hit

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Speaker 6: up like my old job from more than a decade ago,

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Speaker 6: but Travel and Leisure, where I worked for a long

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Speaker 6: long time, runs a wonderful list of travel advisors. That's like,

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Speaker 6: depending on where you want to go, you can find

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Speaker 6: somebody that specializes in the place that you want to

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Speaker 6: go to. And that's I still as an alum of

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Speaker 6: that magazine who used to edit that product. That's still

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Speaker 6: where I find travel advisors who are not like already

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Speaker 6: in my network. I would recommend that. But yeah, I

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Speaker 6: had a flight canceled that left me stranded in Milan

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Speaker 6: pretty recently, like just a couple of weeks ago, and

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Speaker 6: I called Bloomberg's travel desk because I was traveling for work,

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Speaker 6: and they were the ones that got me rebooked on

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Speaker 6: the next flight out. Like, having that human support when

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Speaker 6: things go wrong is critical right.

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Speaker 3: Now, how much does that cost if you're not going

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Speaker 3: through work, Like, how much does it cost to hire

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Speaker 3: a travel agent.

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Speaker 7: Nothing usually, how is that possible?

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Speaker 6: You take commissions off of your hotel bookings and your

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Speaker 6: flight bookings, but it doesn't cost you a penny. They

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Speaker 6: have deals with the airline and the deals and deals

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Speaker 6: with hotels as well, and those deals will, oftentimes at

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Speaker 6: hotels anyway, get you lots of perks like free breakfast

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Speaker 6: or a room upgrade if it's available.

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Speaker 7: It would see to you nothing to a sweet.

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Speaker 2: Okay, we got to bring up Brian, but give us

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Speaker 2: and we'll bring you back Niki. But before we do,

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Speaker 2: give us one more, one more suggestion here, one more

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Speaker 2: travel hack.

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Speaker 6: I'm gonna say this might be the summer to entertain

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Speaker 6: a cruise.

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Speaker 7: We like, I.

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Speaker 2: Haven't gotten the haunt to lately, and so.

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Speaker 3: I was gonna say, I guess the prices are gonna lower.

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Speaker 6: I don't think hantavirus that one outbreak I'm hoping is

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Speaker 6: contained and I'm hoping it's not like proof of something

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Speaker 6: terrible that's gonna happen in this world.

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Speaker 7: But honestly, like, I'm not a cruiser.

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Speaker 6: It's not the way that I have chosen to travel

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Speaker 6: in the past, but it is so attractive at a

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Speaker 6: time when hotel prices in Europe are so stratospheric. I'm

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Speaker 6: talking like two thousand dollars a night is an easy

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Speaker 6: barrier to break in prime destinations. You can pull up

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Speaker 6: to those same prime destinations in a cruise ship. For

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Speaker 6: a very very luxurious ship, you might be spending six

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Speaker 6: hundred dollars a night, including all of your food, including

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Speaker 6: all of your water activities. Look at Explora, it is

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00:19:14,800 --> 00:19:17,359
Speaker 6: a very very high end new line that's doing thirty

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Speaker 6: percent off right now. Ritz Carlton Yacht Collection. It feels

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Speaker 6: like you're on a yacht. It's a thousand dollars a night,

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00:19:23,720 --> 00:19:26,640
Speaker 6: but it comes with twenty four hour room service, butlers,

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Speaker 6: terraces in every suite. Every room is a suite like

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Speaker 6: compared to what you get on land. They're good values.

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Speaker 6: I know it's one thousand dollars a night. I just

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Speaker 6: said that's a good value. That's the world we live in.

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Speaker 2: When something like this happens, like the hant virus outbreak,

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Speaker 2: what does a cruise industry do.

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Speaker 3: They cut prices?

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Speaker 2: Is that is that right? Or like how do they

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Speaker 2: get people to like go back on the ship. I

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Speaker 2: mean this came up during COVID as well.

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Speaker 6: I think one isolated incident is not going to change

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Speaker 6: it anything for the industry. The cruise industry has been

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Speaker 6: so resilient despite everything that it went through, and I

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00:20:05,840 --> 00:20:08,560
Speaker 6: don't think that they're feeling pressured by this one kind

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00:20:08,560 --> 00:20:12,760
Speaker 6: of anomaloust thing that has happened. Now, if huntavirus started

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Speaker 6: showing up on cruise ships all over the world, we'd

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Speaker 6: have a completely different story.

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Speaker 7: And I don't want to think about it.

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Speaker 2: These don't drink us. Yes, all right, we will send

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Speaker 2: you back into the audience. We'll bring up.

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Speaker 3: The Points gott Yes, absolutely.

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Speaker 2: And then but you got to stick around. Yes, seen everybody.

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Speaker 3: Hello, Hello, Hello, Brian Kelly, Welcome.

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Speaker 8: Thank you for having me.

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Speaker 3: Excellent, thank you for being here.

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Speaker 8: I'm an optimist.

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Speaker 9: I'll just tell you that I have a more upbeat

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Speaker 9: view of things, although you know, certainly there's a lot

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Speaker 9: of drama out there.

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Speaker 3: Oh I'm excited to hear this.

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Speaker 8: Yes, okay.

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Speaker 2: I feel like for people Brian who don't know you

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00:20:57,320 --> 00:21:00,520
Speaker 2: and who maybe have maybe they've seen your website, the

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00:21:00,560 --> 00:21:03,560
Speaker 2: Points guy, but give us your origin story. I mean,

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00:21:03,600 --> 00:21:06,560
Speaker 2: you are this like you're basically like a superhero of

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00:21:06,600 --> 00:21:09,520
Speaker 2: figuring out like which credit cards and which freaking flyer

439
00:21:09,520 --> 00:21:11,800
Speaker 2: and programs and making the most of it. How what

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00:21:11,960 --> 00:21:13,359
Speaker 2: is your origin story.

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00:21:13,119 --> 00:21:13,960
Speaker 8: For my story?

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00:21:14,040 --> 00:21:16,800
Speaker 9: Yeah, my story starts the year was nineteen ninety five.

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Speaker 9: I was twelve years old and my dad had a

444
00:21:20,560 --> 00:21:23,520
Speaker 9: job as a consultant traveling across the country. And I

445
00:21:23,600 --> 00:21:26,000
Speaker 9: was one of those kids in the nineties. This is yeah,

446
00:21:26,119 --> 00:21:28,399
Speaker 9: early nineties. I was on AOL Prodigy. I was a

447
00:21:28,440 --> 00:21:30,919
Speaker 9: little hacker, and my dad actually said he had hit

448
00:21:30,960 --> 00:21:33,000
Speaker 9: it to start booking his own travel, and he paid

449
00:21:33,000 --> 00:21:35,760
Speaker 9: me ten dollars per flight to book and he thought

450
00:21:35,760 --> 00:21:39,399
Speaker 9: it was very complicated, but Travelocity had just come out,

451
00:21:39,520 --> 00:21:41,040
Speaker 9: so I was able to book his flights in like

452
00:21:41,119 --> 00:21:43,040
Speaker 9: a minute and he was paying me ten dollars.

453
00:21:43,280 --> 00:21:44,760
Speaker 8: So that was like my first side hustle.

454
00:21:44,880 --> 00:21:45,760
Speaker 3: So I started jazz.

455
00:21:45,840 --> 00:21:48,920
Speaker 9: I started booking my dad's travel, and then one day

456
00:21:48,960 --> 00:21:50,800
Speaker 9: he said, I have all these frequent flyer miles on

457
00:21:50,840 --> 00:21:54,000
Speaker 9: American and US airways. I'm one of four kids. Our

458
00:21:54,040 --> 00:21:56,080
Speaker 9: trips growing up were, you know, car rides to the

459
00:21:56,119 --> 00:21:59,159
Speaker 9: outer banks. I grew up outside of Philadelphia, but I

460
00:21:59,200 --> 00:22:01,720
Speaker 9: always wanted to try the world and I had just

461
00:22:01,760 --> 00:22:04,000
Speaker 9: read the book The firm by John Grisham, where a

462
00:22:04,000 --> 00:22:06,119
Speaker 9: lot of it takes place in the Cayman Islands. So

463
00:22:06,240 --> 00:22:08,240
Speaker 9: here I am at age twelve, and I'm like, I

464
00:22:08,280 --> 00:22:10,520
Speaker 9: don't want to go to Florida. That's basic, you know.

465
00:22:11,320 --> 00:22:13,120
Speaker 9: The little Queen and me was coming out.

466
00:22:13,040 --> 00:22:13,440
Speaker 10: You want to?

467
00:22:14,080 --> 00:22:14,440
Speaker 8: I wanted to.

468
00:22:16,200 --> 00:22:19,680
Speaker 10: I didn't want to end of shell corporations exactly. Offshore

469
00:22:19,800 --> 00:22:23,520
Speaker 10: finance is like a big kank. So I called up.

470
00:22:23,520 --> 00:22:26,320
Speaker 10: He had us ARA and American miles. I have three siblings.

471
00:22:26,440 --> 00:22:28,560
Speaker 10: I figured out how to get my dad and three

472
00:22:28,560 --> 00:22:31,879
Speaker 10: siblings NonStop Philly to Grant. Came in my mom and

473
00:22:31,920 --> 00:22:34,920
Speaker 10: I I booked using his American miles, and then I

474
00:22:34,920 --> 00:22:37,120
Speaker 10: had to figure out where to stay. Hotels and Grant

475
00:22:37,160 --> 00:22:39,880
Speaker 10: Cayman are exorbitant, and there was a new little site

476
00:22:39,880 --> 00:22:42,000
Speaker 10: called Verbo that had just launched.

477
00:22:42,119 --> 00:22:46,200
Speaker 9: So I booked us. A doctor in New Jersey had

478
00:22:46,240 --> 00:22:50,560
Speaker 9: this cute two bedroom villa on the beach. It was

479
00:22:50,600 --> 00:22:53,520
Speaker 9: like twelve hundred dollars and to this doctor, he was

480
00:22:53,600 --> 00:22:55,960
Speaker 9: just happy he was getting, you know, people.

481
00:22:55,640 --> 00:22:56,879
Speaker 8: To rent his villa.

482
00:22:57,080 --> 00:22:59,840
Speaker 9: We were on the beach in Rum Point, which if

483
00:22:59,840 --> 00:23:01,320
Speaker 9: you ever go to the Cayman Islands, you got to

484
00:23:01,359 --> 00:23:04,600
Speaker 9: go to rum Point. It is this idyllic northern little cape.

485
00:23:04,920 --> 00:23:06,840
Speaker 9: So I end up booking this whole trip. I had

486
00:23:06,840 --> 00:23:09,400
Speaker 9: a panic attack the night before because once again I'm

487
00:23:09,440 --> 00:23:13,240
Speaker 9: twelve years old planning an international trip. But I arrived

488
00:23:13,400 --> 00:23:15,520
Speaker 9: and my dad gave me the biggest hug. He was like,

489
00:23:15,560 --> 00:23:18,760
Speaker 9: this is incredible. We had the most unbelievable week our

490
00:23:18,800 --> 00:23:21,280
Speaker 9: family together. Now, mind you, my dad was traveling a

491
00:23:21,280 --> 00:23:23,919
Speaker 9: ton for business, so he wasn't home a lot. So

492
00:23:24,400 --> 00:23:27,640
Speaker 9: every year our bonding was using his points to take

493
00:23:27,680 --> 00:23:28,560
Speaker 9: our family on a trip.

494
00:23:28,600 --> 00:23:28,960
Speaker 8: So we do.

495
00:23:29,000 --> 00:23:31,280
Speaker 9: Barbados came in. So this is all in the nineties.

496
00:23:31,560 --> 00:23:33,639
Speaker 9: My dad and I were points people. We didn't I

497
00:23:33,680 --> 00:23:35,560
Speaker 9: had no idea that there was a world of people

498
00:23:35,600 --> 00:23:39,200
Speaker 9: doing this. Wasn't until I went to college University of Pittsburgh.

499
00:23:39,320 --> 00:23:42,080
Speaker 9: I become student body president. I study abroad, and then

500
00:23:42,119 --> 00:23:45,080
Speaker 9: one day my us arewa's account was gold and I

501
00:23:45,119 --> 00:23:47,119
Speaker 9: remember I was like, I have gold status and I

502
00:23:47,119 --> 00:23:49,439
Speaker 9: have no income, and I'm getting upgraded. And back in

503
00:23:49,480 --> 00:23:52,000
Speaker 9: two thousand and three, gold status was, I mean, you

504
00:23:52,040 --> 00:23:55,879
Speaker 9: get upgraded NonStop. So I Google or dogpile whatever the

505
00:23:55,880 --> 00:23:58,760
Speaker 9: search was back then, and I found flyer Talk and

506
00:23:58,800 --> 00:24:01,359
Speaker 9: Flyer Talk for those who don't know, is like Reddit

507
00:24:01,640 --> 00:24:05,400
Speaker 9: for hardcore frequent flyer. It is a community that's real.

508
00:24:05,840 --> 00:24:08,240
Speaker 9: Yeah people are your people, Yeah, there are my people.

509
00:24:08,400 --> 00:24:11,680
Speaker 9: It was like finding alien life. I was like, Wow,

510
00:24:11,680 --> 00:24:13,720
Speaker 9: there's people out there doing what I do. Like my

511
00:24:13,800 --> 00:24:16,040
Speaker 9: dad and I, we would cut like serial boxes. We'd

512
00:24:16,040 --> 00:24:19,040
Speaker 9: have our family members send in serial box tops because

513
00:24:19,080 --> 00:24:19,560
Speaker 9: you used to be.

514
00:24:19,520 --> 00:24:22,160
Speaker 8: Able to get American miles. So I dove deep into

515
00:24:22,160 --> 00:24:22,679
Speaker 8: that world.

516
00:24:23,480 --> 00:24:26,000
Speaker 9: Move to New York and O six, start working in finance,

517
00:24:26,000 --> 00:24:29,040
Speaker 9: and O seven long story short, I'm my job is

518
00:24:29,040 --> 00:24:33,120
Speaker 9: at Morgan Stanley, traveling around the US convincing computer science

519
00:24:33,359 --> 00:24:36,240
Speaker 9: grads to work at Morgan Stanley. Now you can imagine

520
00:24:36,280 --> 00:24:40,840
Speaker 9: the years oh seven, eight, the economy collapses. Not a soul,

521
00:24:41,440 --> 00:24:45,479
Speaker 9: not a computer science when Google, Microsoft, Yahoo, Bloomberg, who

522
00:24:45,560 --> 00:24:47,879
Speaker 9: I would compete against. No one wanted to work at

523
00:24:47,920 --> 00:24:51,880
Speaker 9: Morgan Stanley, which was you know, in finance. But they

524
00:24:51,920 --> 00:24:53,840
Speaker 9: told me we have to hire these tech grads, so

525
00:24:53,920 --> 00:24:55,360
Speaker 9: spend whatever you have to do.

526
00:24:55,400 --> 00:24:56,879
Speaker 8: So I had my corporate MS.

527
00:24:56,880 --> 00:24:59,840
Speaker 9: No expense limit, and I had to whine and dine

528
00:25:00,240 --> 00:25:03,800
Speaker 9: and fly every week fifty students in for interviews, all

529
00:25:03,840 --> 00:25:06,000
Speaker 9: on my corporate card, and I called up one day

530
00:25:06,040 --> 00:25:07,399
Speaker 9: and I said, can I get the points for this?

531
00:25:07,880 --> 00:25:09,600
Speaker 9: And they were like, mister Kelly, you can, but it's

532
00:25:09,640 --> 00:25:12,400
Speaker 9: ninety five dollars a year. And I'm like, wait, hold

533
00:25:12,480 --> 00:25:14,400
Speaker 9: up a second. I'm spending like one hundred thousand dollars

534
00:25:14,440 --> 00:25:16,600
Speaker 9: a month because I'm paying for all of the students'

535
00:25:16,600 --> 00:25:19,679
Speaker 9: hotels to when they came and interviewed. I'm paying for

536
00:25:19,720 --> 00:25:23,040
Speaker 9: the intern lunches, and I'm a points person. So there's

537
00:25:23,040 --> 00:25:25,119
Speaker 9: so many ways that I was taking all the interns.

538
00:25:25,119 --> 00:25:28,000
Speaker 9: We would only eat at restaurants. There's special restaurants where

539
00:25:28,000 --> 00:25:30,240
Speaker 9: you can get extra points. To this day, it's called

540
00:25:30,240 --> 00:25:33,160
Speaker 9: Rewards Network. We were only eating at this random Brazilian

541
00:25:33,160 --> 00:25:36,560
Speaker 9: Trusco area a s. The interns were like, we don't

542
00:25:36,640 --> 00:25:41,520
Speaker 9: want Brazilian food again during eight Brazilion. It's cultural anyway.

543
00:25:41,560 --> 00:25:44,320
Speaker 9: So I start banking tons and tons of miles. I'm

544
00:25:44,320 --> 00:25:46,080
Speaker 9: not making a lot of money because I'm in HR

545
00:25:46,200 --> 00:25:49,760
Speaker 9: during the crisis, but I lived this unbelievable life lying

546
00:25:49,760 --> 00:25:52,399
Speaker 9: around the world in first class. All my friends were like,

547
00:25:52,440 --> 00:25:55,080
Speaker 9: you do realize, like being twenty seven and flying, you know,

548
00:25:55,359 --> 00:25:57,919
Speaker 9: I flew with Madonna one weekend, you know, first class

549
00:25:58,000 --> 00:26:02,040
Speaker 9: to London. She was amaze. That's a story for another time.

550
00:26:02,280 --> 00:26:05,240
Speaker 9: Really yeah, I thought it was Rachel Zoe. It's it's

551
00:26:05,240 --> 00:26:08,160
Speaker 9: your way to and here's a hack. Here's a hack

552
00:26:08,160 --> 00:26:10,800
Speaker 9: that's very important. Never take your sleeping pill before the

553
00:26:10,840 --> 00:26:13,639
Speaker 9: plane takes off because we're flying to London. I take

554
00:26:13,720 --> 00:26:15,840
Speaker 9: my ambient because it's a short flight to London in

555
00:26:15,840 --> 00:26:18,840
Speaker 9: the summer, and my ambience kicking in. I'm putting my

556
00:26:18,880 --> 00:26:22,320
Speaker 9: bag in the front and I can't curse. But like

557
00:26:22,800 --> 00:26:25,000
Speaker 9: Madonna walks on the plane and is sitting in the

558
00:26:25,000 --> 00:26:27,199
Speaker 9: British Area's first class seat right in front of me.

559
00:26:27,560 --> 00:26:28,320
Speaker 8: Mind you, as a.

560
00:26:28,240 --> 00:26:30,879
Speaker 9: Gay boy in the nine years, the Immaculate Collection was

561
00:26:30,920 --> 00:26:33,080
Speaker 9: my jam and I'm just I look at my boyfriend

562
00:26:33,080 --> 00:26:33,920
Speaker 9: at the time, I'm like, am.

563
00:26:33,800 --> 00:26:37,639
Speaker 8: I hallucinating it to Madonna? And she was really cool.

564
00:26:38,160 --> 00:26:39,879
Speaker 9: In the morning. I talked to her briefly and she

565
00:26:39,920 --> 00:26:42,480
Speaker 9: called me sweetie. So that was like a life highlight.

566
00:26:42,760 --> 00:26:45,000
Speaker 9: But that's like what Points were able to get for me.

567
00:26:45,320 --> 00:26:47,879
Speaker 9: So in twenty ten I started The Points Guy. Was

568
00:26:47,920 --> 00:26:50,240
Speaker 9: not even a blog. It was a travel agency where

569
00:26:50,280 --> 00:26:52,600
Speaker 9: people would pay me fifty bucks and I would plan

570
00:26:52,680 --> 00:26:54,960
Speaker 9: them trips. So that was just my way to make

571
00:26:55,000 --> 00:26:56,560
Speaker 9: extra money because I wasn't making it.

572
00:26:56,680 --> 00:26:58,679
Speaker 3: You know, in my h art, it's like what your

573
00:26:58,760 --> 00:26:59,800
Speaker 3: dad was paying you to do.

574
00:27:00,119 --> 00:27:02,560
Speaker 9: Exactly the exactly, So I just started doing it for

575
00:27:02,600 --> 00:27:05,000
Speaker 9: other people to me figuring out how to use points

576
00:27:05,040 --> 00:27:08,240
Speaker 9: as like a crossword puzzle. Right, I got immense satisfaction

577
00:27:08,320 --> 00:27:11,639
Speaker 9: when you crack the code. Still, sixteen years later, I

578
00:27:11,760 --> 00:27:14,960
Speaker 9: still love that. I still fly almost exclusively on points.

579
00:27:16,119 --> 00:27:18,240
Speaker 9: And so, yeah, I started it. I started blogging a

580
00:27:18,280 --> 00:27:20,240
Speaker 9: couple months later in twenty ten, and then it just

581
00:27:20,280 --> 00:27:23,320
Speaker 9: sort of blew up. About six months later, a year

582
00:27:23,359 --> 00:27:25,880
Speaker 9: after my first blog post, I left Morgan Stanley to do.

583
00:27:25,840 --> 00:27:26,400
Speaker 8: This full time.

584
00:27:26,440 --> 00:27:28,399
Speaker 9: And now we've got you know, one hundred and fifty

585
00:27:28,400 --> 00:27:30,560
Speaker 9: employees and millions and millions of readers.

586
00:27:30,600 --> 00:27:32,399
Speaker 8: So it's been quite a ride.

587
00:27:32,680 --> 00:27:35,959
Speaker 2: There have been and we at BusinessWeek have have written

588
00:27:35,960 --> 00:27:38,680
Speaker 2: about this. There are these like credit card wars, right,

589
00:27:38,720 --> 00:27:41,280
Speaker 2: so the maybe I'm getting my history wrong, but you

590
00:27:41,320 --> 00:27:43,840
Speaker 2: had the Chase Sapphire Reserve, and then there are a

591
00:27:43,880 --> 00:27:46,360
Speaker 2: bunch of other cards at Amex Platinum, and they're all

592
00:27:46,359 --> 00:27:52,440
Speaker 2: competing furiously basically to attract I think people like you

593
00:27:52,560 --> 00:27:55,359
Speaker 2: or people who are kind of points aware, maybe not,

594
00:27:55,400 --> 00:27:56,720
Speaker 2: they're not full on points.

595
00:27:56,480 --> 00:27:57,679
Speaker 3: Maxers points curious.

596
00:27:57,720 --> 00:28:03,120
Speaker 2: I'm kind of curious. How do you take advantage of

597
00:28:03,160 --> 00:28:04,280
Speaker 2: that competition?

598
00:28:04,520 --> 00:28:04,760
Speaker 10: Now?

599
00:28:04,840 --> 00:28:07,840
Speaker 2: As like a consumer is somebody you know who maybe

600
00:28:08,280 --> 00:28:10,719
Speaker 2: isn't at your level of points maxing, but would one

601
00:28:10,800 --> 00:28:11,680
Speaker 2: day like to get there.

602
00:28:11,920 --> 00:28:14,080
Speaker 9: Yeah, so I'm a hack one on one. It's just

603
00:28:14,080 --> 00:28:15,520
Speaker 9: you've got to get into the points game.

604
00:28:15,600 --> 00:28:16,560
Speaker 8: It is not over.

605
00:28:16,760 --> 00:28:20,760
Speaker 9: Don't tell yourself that though you know, I do not

606
00:28:20,840 --> 00:28:22,560
Speaker 9: lie to you. When I started in twenty ten, there

607
00:28:22,600 --> 00:28:25,600
Speaker 9: was a whole narrative points are over. People literally said

608
00:28:25,640 --> 00:28:27,120
Speaker 9: to me in twenty ten, they're not worth that, points

609
00:28:27,119 --> 00:28:30,240
Speaker 9: aren't worth anything more. Blackout date And I'm like, that's

610
00:28:30,320 --> 00:28:31,879
Speaker 9: when I went into the media and I was like,

611
00:28:31,880 --> 00:28:34,199
Speaker 9: all these bozos in the media, you just don't know

612
00:28:34,240 --> 00:28:36,679
Speaker 9: how to play the game. And the game changes, the

613
00:28:36,720 --> 00:28:40,400
Speaker 9: game will constantly change, but I assure you it is

614
00:28:40,440 --> 00:28:43,800
Speaker 9: still available for play. When so back to your point,

615
00:28:43,840 --> 00:28:46,400
Speaker 9: the banks will give you thousands of dollars for free. Now,

616
00:28:46,440 --> 00:28:49,400
Speaker 9: mind you, there are ten solid banks with each five

617
00:28:49,600 --> 00:28:52,560
Speaker 9: solid cards minimum each. There are no shortage of credit

618
00:28:52,560 --> 00:28:54,880
Speaker 9: cards out there. If you have good credit, and you

619
00:28:54,880 --> 00:28:56,760
Speaker 9: should actually thank yourself. If you don't have a lot

620
00:28:56,800 --> 00:28:58,920
Speaker 9: of credit cards right now, that's a great thing because

621
00:28:58,960 --> 00:29:01,160
Speaker 9: you can reap that thousands of dollars and.

622
00:29:01,160 --> 00:29:03,840
Speaker 3: Get it two cards credit cards do you have?

623
00:29:04,000 --> 00:29:06,560
Speaker 9: I have thirty credit cards and over eight hundred credit score.

624
00:29:06,600 --> 00:29:08,840
Speaker 9: Because what you learn is that the more credit you

625
00:29:08,920 --> 00:29:10,760
Speaker 9: have and the less you use that's your debt to

626
00:29:10,800 --> 00:29:15,200
Speaker 9: credit ratio, the higher your score goes. So by getting

627
00:29:15,200 --> 00:29:17,640
Speaker 9: more credit cards, now, mind you, you have to pay

628
00:29:17,640 --> 00:29:19,760
Speaker 9: them off in full every month. If you're paying interest

629
00:29:19,920 --> 00:29:22,000
Speaker 9: on any of these high interest cards, you're going to

630
00:29:22,080 --> 00:29:25,000
Speaker 9: lose the value of the points. But the banks are

631
00:29:25,000 --> 00:29:28,320
Speaker 9: in such competition for your business. You know today Chase

632
00:29:28,320 --> 00:29:30,520
Speaker 9: Sapphire Reserve is going to give you one hundred and

633
00:29:30,520 --> 00:29:33,680
Speaker 9: fifty thousand points for getting that card. Those one hundred

634
00:29:33,680 --> 00:29:37,080
Speaker 9: and fifty thousand points minimally are worth three thousand dollars.

635
00:29:37,240 --> 00:29:39,360
Speaker 9: You can even get much more when transferring to other

636
00:29:39,400 --> 00:29:41,880
Speaker 9: partners plus that card. You may say it's got nine

637
00:29:41,960 --> 00:29:45,720
Speaker 9: hundred dollars fee or eight hundred dollars fee, the fee

638
00:29:45,760 --> 00:29:47,320
Speaker 9: is not actually that high when you get all the

639
00:29:47,360 --> 00:29:50,680
Speaker 9: other perks that come along with it. So and Chase

640
00:29:51,040 --> 00:29:52,680
Speaker 9: even will let you get that card if you have

641
00:29:52,720 --> 00:29:55,040
Speaker 9: the Sapphire Preferred. They actually just change the rules a

642
00:29:55,080 --> 00:29:58,200
Speaker 9: couple months ago, saying we want people to have multiple cards.

643
00:29:58,200 --> 00:29:59,760
Speaker 9: So even if you had to sign up bonus on

644
00:29:59,760 --> 00:30:04,520
Speaker 9: their ninety five card, Chase openly encourages you to also

645
00:30:04,600 --> 00:30:07,280
Speaker 9: get it. They need more people to sign up so

646
00:30:07,320 --> 00:30:10,680
Speaker 9: you can get AMEX cards. Chase cards. Now, with Built

647
00:30:11,000 --> 00:30:16,080
Speaker 9: you can earn points on mortgage and rent, which is unprecedented.

648
00:30:16,080 --> 00:30:18,160
Speaker 9: When I started the Points Guy in twenty ten, earning

649
00:30:18,160 --> 00:30:20,760
Speaker 9: points with no fee for rent, I would have told

650
00:30:20,800 --> 00:30:24,080
Speaker 9: you you were crazy. You can do that today with Built,

651
00:30:24,320 --> 00:30:27,080
Speaker 9: no annual fee and no even if your credit card

652
00:30:27,120 --> 00:30:31,200
Speaker 9: charge or your landlords charges for credit cards. Built does

653
00:30:31,240 --> 00:30:33,160
Speaker 9: not process like a credit card. They get a direct

654
00:30:33,200 --> 00:30:38,000
Speaker 9: deposit or a venmo or a check. So when yes,

655
00:30:38,240 --> 00:30:41,320
Speaker 9: there is inflation when it comes to redeeming points. I

656
00:30:41,360 --> 00:30:43,800
Speaker 9: was in Berlin this weekend to fly Delta was one

657
00:30:44,000 --> 00:30:47,640
Speaker 9: million miles and Delta is pretty bad for that. So

658
00:30:47,680 --> 00:30:51,400
Speaker 9: there are certain programs don't go with the big US airlines.

659
00:30:51,480 --> 00:30:54,560
Speaker 9: Hack Number two I'll give is pay attention to foreign

660
00:30:54,600 --> 00:30:58,400
Speaker 9: frequent flyer programs. Air France has sixty thousand mile one

661
00:30:58,440 --> 00:31:01,200
Speaker 9: way business Class awards all summer along to Europe the

662
00:31:01,240 --> 00:31:04,320
Speaker 9: same exact flight on Delta's five hundred thousand points. So

663
00:31:04,440 --> 00:31:08,720
Speaker 9: it's about knowing which programs to interact with and not

664
00:31:08,840 --> 00:31:11,640
Speaker 9: just if you love Delta, great airline, but do not

665
00:31:11,760 --> 00:31:14,840
Speaker 9: get the Delta card and put all your spend on Delta. Instead,

666
00:31:14,960 --> 00:31:17,479
Speaker 9: get an Amex card which you can transfer to Delta

667
00:31:17,600 --> 00:31:20,840
Speaker 9: or thirty other partners. So get credit cards with big

668
00:31:20,840 --> 00:31:23,040
Speaker 9: sign up bonuses, but focus and put all of your

669
00:31:23,080 --> 00:31:25,360
Speaker 9: spend on the cards that allow you to transfer to

670
00:31:25,480 --> 00:31:28,520
Speaker 9: multiple partners. And you know, in twenty ten when I

671
00:31:28,520 --> 00:31:30,400
Speaker 9: started out, I had just had to have this knowledge

672
00:31:30,400 --> 00:31:32,560
Speaker 9: from years of flyer talk to figure out how.

673
00:31:32,440 --> 00:31:32,840
Speaker 8: To do it.

674
00:31:33,320 --> 00:31:36,600
Speaker 9: Now there are tools like point dot me which will

675
00:31:36,640 --> 00:31:38,800
Speaker 9: actually you can tell at what points you have you

676
00:31:38,800 --> 00:31:40,200
Speaker 9: want to go to Rome on this date, and it

677
00:31:40,200 --> 00:31:42,480
Speaker 9: will actually tell you the exact way to transfer for

678
00:31:42,520 --> 00:31:44,840
Speaker 9: the least amount of miles. It syncs up with tons

679
00:31:44,880 --> 00:31:48,520
Speaker 9: of different airlines. There's another tool, seats dot Arrow amazing.

680
00:31:48,560 --> 00:31:51,360
Speaker 9: It'll give you an entire year's worth of availability. So

681
00:31:51,360 --> 00:31:53,600
Speaker 9: if you have family in Paris and you're flexible on

682
00:31:53,640 --> 00:31:55,840
Speaker 9: what days to go, you can click one button and

683
00:31:55,920 --> 00:31:58,760
Speaker 9: have the entire year of JFK and Newark to Paris

684
00:31:59,160 --> 00:32:02,280
Speaker 9: and sort it by damium, economy, economy, and then pick

685
00:32:02,320 --> 00:32:04,920
Speaker 9: and choose where you go. You go one way air France,

686
00:32:04,920 --> 00:32:07,240
Speaker 9: where it's cheap, you find another way that's Jet Blue.

687
00:32:07,600 --> 00:32:10,440
Speaker 9: Jet Blues partners with Qatar, which is a transfer partner

688
00:32:10,440 --> 00:32:13,760
Speaker 9: of all the credit cards. It sounds complex, but once

689
00:32:13,800 --> 00:32:16,920
Speaker 9: you start doing this you save thousands of dollars. And

690
00:32:17,720 --> 00:32:19,440
Speaker 9: final tip that I really have to get out is

691
00:32:19,720 --> 00:32:22,000
Speaker 9: one of the best changes of the pandemic was that

692
00:32:22,240 --> 00:32:25,120
Speaker 9: frequent flyer programs let you cancel free of charge. So

693
00:32:25,200 --> 00:32:26,800
Speaker 9: let me explain this to you. When you book an

694
00:32:26,800 --> 00:32:30,040
Speaker 9: award ticket on most airlines, it's like booking a fully

695
00:32:30,200 --> 00:32:33,840
Speaker 9: refundable ticket. Some airlines might charge you fifty bucks to

696
00:32:33,840 --> 00:32:35,760
Speaker 9: get your miles back, but in general, all the US

697
00:32:35,840 --> 00:32:39,760
Speaker 9: programs so you can book placeholder awards. Say you got

698
00:32:39,800 --> 00:32:42,160
Speaker 9: to go to a wedding in Europe. It's two hundred

699
00:32:42,160 --> 00:32:45,120
Speaker 9: thousand United miles. Okay, you could book that, but as

700
00:32:45,160 --> 00:32:48,040
Speaker 9: the price drops, you can rebook it when it gets

701
00:32:48,080 --> 00:32:50,680
Speaker 9: lower and lower, and the airlines. A trend that you'll

702
00:32:50,680 --> 00:32:52,600
Speaker 9: see when you start booking awards is in the week

703
00:32:52,640 --> 00:32:54,920
Speaker 9: of travel. If there's open seats on the plane, they

704
00:32:55,200 --> 00:32:58,760
Speaker 9: drop to the Saber level. Coming back from Berlin this week,

705
00:32:58,800 --> 00:33:00,840
Speaker 9: when I was booking, it was two hundred miles, but

706
00:33:00,880 --> 00:33:03,280
Speaker 9: it was sixty eight thousand, which is the cheapest amount

707
00:33:03,640 --> 00:33:06,400
Speaker 9: three days before, because the airlines need to fill every seat,

708
00:33:06,440 --> 00:33:10,120
Speaker 9: and they hope that you don't keep checking, So keep

709
00:33:10,240 --> 00:33:13,120
Speaker 9: checking and reprice that award and get your miles back.

710
00:33:13,320 --> 00:33:16,480
Speaker 9: Or when air France opens up sixty k, you just

711
00:33:16,560 --> 00:33:19,400
Speaker 9: cancel your United award and get all those miles back.

712
00:33:19,720 --> 00:33:22,120
Speaker 9: So once you start having these miles that can transfer

713
00:33:22,160 --> 00:33:25,120
Speaker 9: into all different programs, you start learning to fly one

714
00:33:25,160 --> 00:33:27,840
Speaker 9: way on one airline. And this also works for when

715
00:33:27,840 --> 00:33:30,760
Speaker 9: you're stranded when the airlines cancel your flights and there's

716
00:33:30,800 --> 00:33:33,480
Speaker 9: a mile long line. I have never once waited in

717
00:33:33,520 --> 00:33:36,320
Speaker 9: those lines. The second I think that my flight's going

718
00:33:36,360 --> 00:33:39,200
Speaker 9: to get canceled, even if it's not, I immediately book using

719
00:33:39,280 --> 00:33:41,720
Speaker 9: points on two other carriers that day.

720
00:33:41,720 --> 00:33:42,800
Speaker 8: If I really have to get.

721
00:33:42,640 --> 00:33:45,640
Speaker 9: Out if my flight ends up getting canceled, which it will,

722
00:33:45,760 --> 00:33:47,200
Speaker 9: I've already booked the last.

723
00:33:47,000 --> 00:33:49,160
Speaker 8: Remaining seats before you can even wait in line to.

724
00:33:49,160 --> 00:33:51,840
Speaker 9: Get it, because if I don't need those seats, I'll

725
00:33:51,840 --> 00:33:54,479
Speaker 9: cancel before departure and get it back for free. So

726
00:33:54,600 --> 00:33:56,760
Speaker 9: being on the offense is how you win at the

727
00:33:56,760 --> 00:33:57,280
Speaker 9: points game.

728
00:33:57,400 --> 00:33:59,400
Speaker 3: I feel like I should be taking a lot of notes.

729
00:33:59,440 --> 00:34:01,080
Speaker 8: Well, I think this is recorded, so I think we'll

730
00:34:01,080 --> 00:34:01,239
Speaker 8: be here.

731
00:34:01,440 --> 00:34:04,360
Speaker 3: H No, this is good. My question is this, so

732
00:34:04,920 --> 00:34:08,879
Speaker 3: twelve year old you booking this this trip for your

733
00:34:08,920 --> 00:34:11,960
Speaker 3: family and kind of using this system that eventually you

734
00:34:12,040 --> 00:34:16,359
Speaker 3: developed into your career. Could you do that? Like what

735
00:34:16,400 --> 00:34:19,600
Speaker 3: would twelve if you were twelve right now? Could you

736
00:34:19,680 --> 00:34:22,359
Speaker 3: do the same thing? Because it sounds like I think

737
00:34:22,400 --> 00:34:24,560
Speaker 3: your brain works a little differently than mine. I feel

738
00:34:24,600 --> 00:34:26,839
Speaker 3: like you have like spreadsheets in your brain and it's

739
00:34:26,880 --> 00:34:28,719
Speaker 3: like the points go back and forth. I just feel

740
00:34:28,840 --> 00:34:32,960
Speaker 3: like quite sometimes overwhelmed by all of the like points

741
00:34:32,960 --> 00:34:35,400
Speaker 3: and moving things around and stuff like that. So is

742
00:34:35,440 --> 00:34:37,600
Speaker 3: it possible to do it if it's not like a

743
00:34:37,800 --> 00:34:38,640
Speaker 3: full time job?

744
00:34:39,000 --> 00:34:39,399
Speaker 8: It is?

745
00:34:39,719 --> 00:34:43,080
Speaker 9: And also there are there are companies that you could pay,

746
00:34:43,239 --> 00:34:45,360
Speaker 9: like that Point Me has a VIP concierge you can

747
00:34:45,400 --> 00:34:47,240
Speaker 9: pay I think it's one hundred fifty dollars a ticket,

748
00:34:47,440 --> 00:34:49,200
Speaker 9: and so you can pay other people to do it,

749
00:34:49,239 --> 00:34:50,759
Speaker 9: and paying someone one hundred and fifty to get a

750
00:34:50,760 --> 00:34:54,440
Speaker 9: business class ticket versus paying the nine thousand it costs today.

751
00:34:54,560 --> 00:34:56,799
Speaker 9: It kills me when people pay these full you know

752
00:34:56,920 --> 00:34:59,320
Speaker 9: fair and a lot of people are paying that price.

753
00:35:00,040 --> 00:35:01,840
Speaker 9: But like I said before, those tools like point me

754
00:35:01,880 --> 00:35:04,040
Speaker 9: in seats dot arrow when they're not that hard to learn.

755
00:35:04,200 --> 00:35:07,800
Speaker 9: And I'm telling you once you take that little step

756
00:35:07,840 --> 00:35:10,600
Speaker 9: to invest in these tools on how it's done, it

757
00:35:11,120 --> 00:35:14,480
Speaker 9: really is not that complex. But even if you don't

758
00:35:14,520 --> 00:35:17,560
Speaker 9: want to do the points transfer game by transferring your

759
00:35:17,640 --> 00:35:21,640
Speaker 9: Chase points to Hiatt and booking a free stay, you know,

760
00:35:21,960 --> 00:35:23,880
Speaker 9: thet all the credit card companies now will let you

761
00:35:23,880 --> 00:35:27,279
Speaker 9: book any flight at a set redemption chase. If you

762
00:35:27,360 --> 00:35:29,560
Speaker 9: have the Sapphire card, they have what's called points Boost,

763
00:35:29,680 --> 00:35:31,880
Speaker 9: so you can get up to two cents per point

764
00:35:31,880 --> 00:35:35,520
Speaker 9: when redeeming for certain flights, and it's like one cent minimum.

765
00:35:35,600 --> 00:35:37,640
Speaker 9: So even if you don't want to do the Wizardry

766
00:35:38,040 --> 00:35:40,680
Speaker 9: high level getting six cents per point, you can at

767
00:35:40,800 --> 00:35:43,120
Speaker 9: least be getting you know, one or two cents by

768
00:35:43,200 --> 00:35:54,640
Speaker 9: just buying your flights through a credit card agency.

769
00:35:54,719 --> 00:35:58,440
Speaker 2: We should bring Nikki back up here. We are gonna

770
00:35:59,080 --> 00:36:01,920
Speaker 2: have a little bit of time for questions as Nicki

771
00:36:02,000 --> 00:36:03,759
Speaker 2: makes her way back to the stage, gets set up,

772
00:36:03,960 --> 00:36:06,760
Speaker 2: start thinking what do you want to ask? Nikki? Brian

773
00:36:07,040 --> 00:36:08,680
Speaker 2: stays for me. I can't imagine what we would have

774
00:36:08,719 --> 00:36:10,560
Speaker 2: to say, but we can try. I can tell you

775
00:36:10,560 --> 00:36:13,040
Speaker 2: about the Spirit snacks or whatever.

776
00:36:13,520 --> 00:36:16,680
Speaker 3: Yes, I want to hear about the big seat.

777
00:36:16,080 --> 00:36:16,839
Speaker 8: Big front seat.

778
00:36:16,880 --> 00:36:21,839
Speaker 2: And actually, you know, I'm.

779
00:36:20,040 --> 00:36:23,120
Speaker 9: Going to stand up for Spirit Airlines several times. They

780
00:36:23,480 --> 00:36:27,080
Speaker 9: serve a purpose. You know, It's like they're on time,

781
00:36:27,200 --> 00:36:29,200
Speaker 9: they're cheap. If you know how to play the game,

782
00:36:29,320 --> 00:36:31,720
Speaker 9: and you know, don't bring luggage and stuff. It served

783
00:36:31,719 --> 00:36:34,520
Speaker 9: a purpose. I never had a bad experience with Spirit, truly.

784
00:36:34,880 --> 00:36:38,760
Speaker 2: Dittoh okay, uh, there should be a microphone floating around

785
00:36:38,840 --> 00:36:42,040
Speaker 2: okay in the back. Yeah, so if you have a question,

786
00:36:42,480 --> 00:36:44,680
Speaker 2: raise your hand and we can I see I see

787
00:36:44,680 --> 00:36:45,880
Speaker 2: a hand raise over there.

788
00:36:48,040 --> 00:36:51,719
Speaker 1: Okay. Two questions, sorry, One is is it dumb to

789
00:36:51,760 --> 00:36:53,920
Speaker 1: pay for a credit card that gives you lounge access?

790
00:36:54,600 --> 00:36:57,960
Speaker 1: And then I'm curious how the private jet economy kind

791
00:36:58,000 --> 00:36:59,799
Speaker 1: of fits into this, because we were talking about how

792
00:36:59,800 --> 00:37:03,000
Speaker 1: low has gotten moreks like everyone's flying luxury, but I

793
00:37:03,000 --> 00:37:04,960
Speaker 1: feel like I'm also seeing a lot more people flying

794
00:37:05,040 --> 00:37:08,399
Speaker 1: private and I'm like, have the luxury travelers gone even

795
00:37:08,440 --> 00:37:10,880
Speaker 1: more luxury, and so now it's like everyone's moving up.

796
00:37:10,920 --> 00:37:12,319
Speaker 1: I'm just sort of curious how that.

797
00:37:12,320 --> 00:37:14,439
Speaker 9: Plays well answered the lounge one, and maybe I don't

798
00:37:14,440 --> 00:37:16,040
Speaker 9: know if you have a perspective on the private jet

799
00:37:16,080 --> 00:37:19,239
Speaker 9: travel it is it depends how much you're going to

800
00:37:19,360 --> 00:37:22,000
Speaker 9: use that lounge access. So with most of the lounges

801
00:37:22,040 --> 00:37:27,120
Speaker 9: these days, I would put a very modest fifty dollars

802
00:37:27,200 --> 00:37:29,360
Speaker 9: value of going into that lounge. Most of the credit

803
00:37:29,360 --> 00:37:33,040
Speaker 9: card lounges you have open bar, decent food. Some like

804
00:37:33,080 --> 00:37:37,040
Speaker 9: the Chase Sapphire lounges have free facials for any member.

805
00:37:37,160 --> 00:37:39,960
Speaker 9: So the one at Laguardi is beautiful. The Capital One

806
00:37:40,000 --> 00:37:42,120
Speaker 9: lounge at JFK, by the way, I'll just say for

807
00:37:42,120 --> 00:37:44,480
Speaker 9: anyone want to get a credit card, especially New Yorkers,

808
00:37:44,520 --> 00:37:46,799
Speaker 9: the Capital one Venture ex is three hundred and ninety

809
00:37:46,840 --> 00:37:49,000
Speaker 9: five dollars. That card gives you three hundred dollars in

810
00:37:49,040 --> 00:37:51,399
Speaker 9: free travel a year, so it's a ninety five dollars

811
00:37:51,440 --> 00:37:54,080
Speaker 9: a year card. Every year, Capital one gives you ten

812
00:37:54,120 --> 00:37:57,560
Speaker 9: thousand miles just for holding the card. At the very minimum,

813
00:37:57,600 --> 00:37:59,640
Speaker 9: those ten thousand miles are worth one hundred dollars. So

814
00:37:59,640 --> 00:38:01,359
Speaker 9: if you do the math with me. The Capitol one

815
00:38:01,440 --> 00:38:04,000
Speaker 9: venture X pays you five dollars a year to get

816
00:38:04,040 --> 00:38:06,960
Speaker 9: lounge access to all of their lounges. So if there's

817
00:38:07,000 --> 00:38:10,680
Speaker 9: one entry level premium card that I can recommend unequivocally,

818
00:38:10,800 --> 00:38:12,719
Speaker 9: even if you'd ever even go to the lounge you're

819
00:38:12,760 --> 00:38:15,600
Speaker 9: making out ahead, it's Capitol one venture X. They have

820
00:38:15,680 --> 00:38:18,200
Speaker 9: a great in their lounge at JFK Terminal Force twenty

821
00:38:18,200 --> 00:38:20,160
Speaker 9: four to seven. So when I was flying to Peru

822
00:38:20,320 --> 00:38:23,080
Speaker 9: and my lat Ham flight was delayed five hours, that

823
00:38:23,160 --> 00:38:25,960
Speaker 9: lounge was open, which was like probably worth a thousand

824
00:38:25,960 --> 00:38:27,640
Speaker 9: dollars to me not having to be out with my

825
00:38:27,680 --> 00:38:30,680
Speaker 9: two children in the terminal. As far as the other

826
00:38:30,760 --> 00:38:33,600
Speaker 9: perks in these cards, you know, just how much are

827
00:38:33,640 --> 00:38:35,160
Speaker 9: you going to go into the lounge, how much you're

828
00:38:35,160 --> 00:38:36,920
Speaker 9: going to use it. They have high annual fees, but

829
00:38:36,960 --> 00:38:39,239
Speaker 9: these perks that you can get from these cards can

830
00:38:39,280 --> 00:38:43,520
Speaker 9: absolutely pay streaming. There's other memberships. You know, just sit

831
00:38:43,560 --> 00:38:46,239
Speaker 9: there and do the math, but never just take the

832
00:38:46,600 --> 00:38:48,680
Speaker 9: nine hundred dollars that the Platinum card is a year

833
00:38:48,719 --> 00:38:50,759
Speaker 9: and say, well that's just nine hundred, No, because you

834
00:38:50,760 --> 00:38:54,280
Speaker 9: can actually get very easily more than that in value

835
00:38:54,400 --> 00:38:57,800
Speaker 9: before you even take into account the lounge access. And

836
00:38:57,840 --> 00:39:01,440
Speaker 9: I'll just also add having these cards kind of what

837
00:39:01,560 --> 00:39:04,360
Speaker 9: Nikki mentioned is, especially the premium cards, you get another

838
00:39:04,440 --> 00:39:07,480
Speaker 9: level of customer service. You get protections. With the Sapphire

839
00:39:08,080 --> 00:39:11,840
Speaker 9: Reserve card, you can get ten thousand dollars in travel coverage.

840
00:39:11,880 --> 00:39:13,640
Speaker 9: So if you get sick or a loved one, does

841
00:39:13,760 --> 00:39:16,640
Speaker 9: you have built in coverage just by using that card

842
00:39:16,960 --> 00:39:20,120
Speaker 9: that Capitol and venture X card has coveraged. My son

843
00:39:20,280 --> 00:39:23,280
Speaker 9: messed up a twelve hundred dollars chair by using marker

844
00:39:23,320 --> 00:39:26,200
Speaker 9: on it, and vandalism is part of their purchase protection.

845
00:39:26,400 --> 00:39:29,000
Speaker 9: I got twelve even if it's your own son. Luckily

846
00:39:29,040 --> 00:39:31,279
Speaker 9: I didn't have to have a police report, but I saw.

847
00:39:31,400 --> 00:39:34,440
Speaker 9: You know, there's look through the perks on these cards.

848
00:39:34,480 --> 00:39:37,279
Speaker 9: There is purchase protection if you buy something online and

849
00:39:37,320 --> 00:39:39,000
Speaker 9: they don't let you return it. A lot of these

850
00:39:39,000 --> 00:39:42,239
Speaker 9: credit cards have return protection, which you would so you

851
00:39:42,280 --> 00:39:44,360
Speaker 9: start using a couple of these perks every year. The

852
00:39:44,400 --> 00:39:47,160
Speaker 9: lounge access they can absolutely pay and in general you

853
00:39:47,200 --> 00:39:50,480
Speaker 9: get better customer service as well. So when you're valuing

854
00:39:50,600 --> 00:39:53,040
Speaker 9: a card, there's a whole picture you need to look

855
00:39:53,080 --> 00:39:56,000
Speaker 9: at than just simply the lounge access.

856
00:39:56,880 --> 00:39:59,319
Speaker 6: Okay, so I'm like really mad actually that you asked

857
00:39:59,320 --> 00:40:01,920
Speaker 6: about private jack because I don't I don't want to

858
00:40:02,040 --> 00:40:04,959
Speaker 6: like get ahead of things here, but I have a hack.

859
00:40:05,000 --> 00:40:06,600
Speaker 2: Okay, you're irrelevant.

860
00:40:07,040 --> 00:40:08,600
Speaker 7: Yeah, but we're not playing our game yet.

861
00:40:08,680 --> 00:40:10,359
Speaker 2: Why don't you hold that thought? See if we have

862
00:40:10,400 --> 00:40:11,280
Speaker 2: one other question.

863
00:40:11,640 --> 00:40:14,600
Speaker 5: I have a question about I appreciate all the strategy,

864
00:40:15,680 --> 00:40:19,680
Speaker 5: but I am like a it's a scam first kind

865
00:40:19,719 --> 00:40:22,680
Speaker 5: of mindset. So what are actually the scams to watch

866
00:40:22,680 --> 00:40:23,000
Speaker 5: out for?

867
00:40:23,880 --> 00:40:26,319
Speaker 9: I mean, the scam is only if you get into debt.

868
00:40:26,480 --> 00:40:30,920
Speaker 9: I've never If you spend responsibly, there is no scam.

869
00:40:31,160 --> 00:40:34,080
Speaker 9: You have to, you know, maybe pay attention and make sure.

870
00:40:34,239 --> 00:40:36,279
Speaker 9: What if you get a card with perks that will

871
00:40:36,280 --> 00:40:39,560
Speaker 9: pay for your Apple TV, you must take one minute

872
00:40:39,719 --> 00:40:42,400
Speaker 9: and change your billing to that to actually get the perks.

873
00:40:42,440 --> 00:40:45,200
Speaker 9: So if you're not willing to do the bare minimum

874
00:40:45,280 --> 00:40:47,239
Speaker 9: and like read the benefits of a card and then

875
00:40:47,360 --> 00:40:51,240
Speaker 9: change like that, that to me would be the scam

876
00:40:51,280 --> 00:40:51,759
Speaker 9: of it all.

877
00:40:53,440 --> 00:40:56,759
Speaker 3: So you have what on ease feel scam adjacent? What

878
00:40:57,040 --> 00:40:58,040
Speaker 3: sometimes the fees?

879
00:40:58,480 --> 00:41:01,960
Speaker 9: So the scam would be transferring to loyalty programs that

880
00:41:02,040 --> 00:41:04,560
Speaker 9: then charge crazy fees so like you might see, British

881
00:41:04,600 --> 00:41:07,680
Speaker 9: Airways has like sixty thousand points to Europe, but now

882
00:41:08,160 --> 00:41:11,520
Speaker 9: a lot of them are raising their surcharges to crazy amounts,

883
00:41:11,760 --> 00:41:15,600
Speaker 9: especially with the increase in jet fuel. Not only airfare

884
00:41:15,719 --> 00:41:17,960
Speaker 9: the cost of buy a ticket, but the fees attached

885
00:41:17,960 --> 00:41:20,720
Speaker 9: to award tickets are going up. That can feel scammy,

886
00:41:20,880 --> 00:41:23,160
Speaker 9: especially if it's like an economy flight with nine hundred

887
00:41:23,160 --> 00:41:25,320
Speaker 9: dollars fee when you can buy it for eight hundred.

888
00:41:25,680 --> 00:41:28,120
Speaker 9: So you do have to be particular. Not all programs

889
00:41:28,120 --> 00:41:30,640
Speaker 9: are created equal, but I do stand on my tip

890
00:41:30,880 --> 00:41:34,160
Speaker 9: of transferring to the foreign frequent flyer programs. The Air France,

891
00:41:34,280 --> 00:41:37,279
Speaker 9: Air Canada Aeroplan will charge you about half of what

892
00:41:37,480 --> 00:41:41,640
Speaker 9: United often. Well, now, one other thing I'll mention because

893
00:41:41,640 --> 00:41:44,640
Speaker 9: the airlines hate that Amex and Chase and Built are

894
00:41:44,640 --> 00:41:46,839
Speaker 9: taking all the business. So the airlines are saying, well,

895
00:41:47,200 --> 00:41:49,960
Speaker 9: we're going to gatekeep our ward inventory and only give

896
00:41:49,960 --> 00:41:53,160
Speaker 9: it to our co brand card holders. So I would

897
00:41:53,239 --> 00:41:55,600
Speaker 9: never recommend spending all of your money on an airline

898
00:41:55,640 --> 00:41:58,400
Speaker 9: cob brand because you're going to earn that one airlines currency,

899
00:41:58,480 --> 00:42:01,839
Speaker 9: whereas you could be earning much more valuable currency that transfers.

900
00:42:02,200 --> 00:42:04,880
Speaker 9: But you might want to hold open an airline co

901
00:42:05,040 --> 00:42:08,040
Speaker 9: brand like with the United they have even no annual

902
00:42:08,040 --> 00:42:10,640
Speaker 9: fee versions, because that will give you access to a

903
00:42:10,640 --> 00:42:13,120
Speaker 9: whole new level of inventory. And just I would say

904
00:42:13,120 --> 00:42:15,520
Speaker 9: on the scam thing is elite status. Elite status these

905
00:42:15,560 --> 00:42:17,439
Speaker 9: days can be scammy where you have to spend twenty

906
00:42:17,520 --> 00:42:20,520
Speaker 9: thousand dollars, I call it the hamster wheel. I topped

907
00:42:20,560 --> 00:42:22,560
Speaker 9: off the hamster wheel years ago. I don't care about

908
00:42:22,560 --> 00:42:25,160
Speaker 9: elite status. I will fly the next I will fly

909
00:42:25,280 --> 00:42:25,680
Speaker 9: the best.

910
00:42:26,239 --> 00:42:29,000
Speaker 3: Well. I spent sparking on my credit cards, and I

911
00:42:29,040 --> 00:42:31,960
Speaker 3: have enough transferable points where mission by mission I choose

912
00:42:31,960 --> 00:42:33,560
Speaker 3: which points I'm going to use for which trip I

913
00:42:33,560 --> 00:42:35,279
Speaker 3: want to go on to fly the best flight, the

914
00:42:35,320 --> 00:42:36,040
Speaker 3: best route.

915
00:42:36,160 --> 00:42:38,880
Speaker 9: When you're stuck in the airline hamster wheel of only

916
00:42:38,880 --> 00:42:41,239
Speaker 9: flying Delta to get your Delta status, and then you

917
00:42:41,280 --> 00:42:43,399
Speaker 9: want to go to the Maldives and you can't fly

918
00:42:43,480 --> 00:42:45,560
Speaker 9: Emirates because all your miles are with Delta, and you

919
00:42:45,600 --> 00:42:49,200
Speaker 9: realize that you're millions of miles or two tickets instead

920
00:42:49,280 --> 00:42:51,120
Speaker 9: if you would have spent on AMEX, you could have

921
00:42:51,160 --> 00:42:54,160
Speaker 9: twenty tickets. I mean it's that stark sometimes, So when

922
00:42:54,200 --> 00:42:56,920
Speaker 9: you go all in and don't think about your strategy

923
00:42:56,920 --> 00:42:58,920
Speaker 9: and spend on the right cards that you can end

924
00:42:59,000 --> 00:43:01,479
Speaker 9: up in a situation where you're like, this wasn't really

925
00:43:01,480 --> 00:43:01,880
Speaker 9: worth it.

926
00:43:01,960 --> 00:43:03,279
Speaker 2: I mean, I have to say when I hear this,

927
00:43:03,400 --> 00:43:05,640
Speaker 2: I feel like the scam is that you have. We

928
00:43:05,680 --> 00:43:07,680
Speaker 2: have to live in a world that you have to

929
00:43:07,880 --> 00:43:10,480
Speaker 2: optimize to this level.

930
00:43:11,680 --> 00:43:14,920
Speaker 9: Your time and you know, I want everyone to understand,

931
00:43:14,960 --> 00:43:16,799
Speaker 9: this is the biggest privilege in the world. No other

932
00:43:16,840 --> 00:43:19,000
Speaker 9: countries like the United States when it comes to points

933
00:43:19,040 --> 00:43:21,520
Speaker 9: Europe does not have credit in the world. You will

934
00:43:21,560 --> 00:43:25,319
Speaker 9: never go to another points more Points friendly country. Sign

935
00:43:25,360 --> 00:43:27,239
Speaker 9: up bonuses in many parts of the world are max

936
00:43:27,320 --> 00:43:29,400
Speaker 9: thirty thousand miles and in the United States you can

937
00:43:29,400 --> 00:43:32,520
Speaker 9: get up to three hundred thousand. It is a bonanza here. Yes,

938
00:43:32,560 --> 00:43:35,240
Speaker 9: it sounds complicated, but I need you to understand having

939
00:43:35,440 --> 00:43:38,359
Speaker 9: a million options of credit cards to get is much

940
00:43:38,400 --> 00:43:39,799
Speaker 9: better than having none, right.

941
00:43:39,760 --> 00:43:42,560
Speaker 6: Because nobody is willing to spend on travel like Americans.

942
00:43:42,880 --> 00:43:43,600
Speaker 2: Oh is that right?

943
00:43:43,640 --> 00:43:44,200
Speaker 7: That is right?

944
00:43:44,400 --> 00:43:48,120
Speaker 2: So okay, so last segment here, Yeah, we are going

945
00:43:48,160 --> 00:43:50,799
Speaker 2: to have a little game. We're going to each give

946
00:43:50,840 --> 00:43:54,960
Speaker 2: you a personal travel tip. Now, I think we've all prepared.

947
00:43:55,000 --> 00:43:56,839
Speaker 2: I hope Brian, you haven't given all years away yet,

948
00:43:56,840 --> 00:43:57,080
Speaker 2: have you?

949
00:43:57,160 --> 00:43:57,319
Speaker 6: Oh?

950
00:43:57,360 --> 00:44:02,840
Speaker 2: No, okay, here now, there are three criteria that I

951
00:44:02,920 --> 00:44:04,800
Speaker 2: want the three of you and myself to think about,

952
00:44:04,840 --> 00:44:06,719
Speaker 2: and I guess the audience you will have to think

953
00:44:06,719 --> 00:44:09,040
Speaker 2: about this as well, because you are gonna be asked

954
00:44:09,080 --> 00:44:12,000
Speaker 2: to judge the criteria. We're gonna vote based on the

955
00:44:12,160 --> 00:44:13,560
Speaker 2: volume of applause.

956
00:44:14,040 --> 00:44:14,520
Speaker 8: We have a.

957
00:44:14,400 --> 00:44:17,400
Speaker 2: Decibel meter ready to go, so it's gonna be very scientific.

958
00:44:17,680 --> 00:44:19,800
Speaker 3: Yeah, Jasmine is running the decibel meets.

959
00:44:19,680 --> 00:44:23,080
Speaker 2: The criteria are as follows. So the first one is

960
00:44:23,200 --> 00:44:26,319
Speaker 2: cost savings. How much is this hack gonna hit my wallet?

961
00:44:26,320 --> 00:44:28,279
Speaker 2: How much is it gonna save me? The second one

962
00:44:28,600 --> 00:44:32,080
Speaker 2: is exclusivity. You know, what's a good hack if if

963
00:44:32,160 --> 00:44:34,759
Speaker 2: everyone's got it. And the third one, and I feel

964
00:44:34,800 --> 00:44:36,800
Speaker 2: like this is where it's gonna trip me up personally,

965
00:44:36,920 --> 00:44:41,399
Speaker 2: is consideration of fellow travelers, because if you are doing

966
00:44:41,480 --> 00:44:43,759
Speaker 2: a hack that hurts everyone else, that's that's not good

967
00:44:43,760 --> 00:44:46,359
Speaker 2: as well. So, Nikki, you started to give yours, why

968
00:44:46,360 --> 00:44:48,799
Speaker 2: don't you finish your hack for us?

969
00:44:48,800 --> 00:44:52,240
Speaker 6: All right? Well, so let's let's do like a little

970
00:44:52,280 --> 00:44:56,120
Speaker 6: like guess first before I, like, you know, show my hand.

971
00:44:57,320 --> 00:44:59,960
Speaker 6: The question was about private jet travel and whether that's good,

972
00:45:00,719 --> 00:45:01,400
Speaker 6: you know, more.

973
00:45:01,239 --> 00:45:03,000
Speaker 7: Popular, or is it just a perception.

974
00:45:03,239 --> 00:45:05,759
Speaker 6: I mean, yes, people would love to instagram themselves on

975
00:45:05,760 --> 00:45:08,360
Speaker 6: a private jet. It is such a flex but it

976
00:45:08,440 --> 00:45:12,319
Speaker 6: is growing and it is also becoming more affordable to

977
00:45:12,440 --> 00:45:13,640
Speaker 6: at least some of us.

978
00:45:13,760 --> 00:45:16,400
Speaker 7: So I asked my colleagues.

979
00:45:15,960 --> 00:45:20,200
Speaker 6: This morning how much they think it costs to get

980
00:45:20,200 --> 00:45:22,920
Speaker 6: a seat on a private jet flying from the New

981
00:45:23,000 --> 00:45:27,880
Speaker 6: York area to the Miami area. The guesses in my

982
00:45:28,320 --> 00:45:30,759
Speaker 6: row Bloomberg has is like a very open concept office,

983
00:45:30,760 --> 00:45:33,319
Speaker 6: and everybody raised their hands like trying to guess. The

984
00:45:33,400 --> 00:45:39,040
Speaker 6: guesses ranged from eight thousand dollars to fifteen thousand dollars.

985
00:45:39,360 --> 00:45:41,040
Speaker 6: I was like, okay, we're talking about a one way

986
00:45:41,080 --> 00:45:43,560
Speaker 6: seat New York to Miami. They're like, yeah, that's probably

987
00:45:43,560 --> 00:45:44,800
Speaker 6: what it costs, right.

988
00:45:45,440 --> 00:45:48,640
Speaker 2: Well, yeah, you work for pursuits like these are people

989
00:45:48,680 --> 00:45:52,160
Speaker 2: with a free level of fluency and in luxury, Like.

990
00:45:52,160 --> 00:45:55,000
Speaker 7: This is we pedal in luxury in our row. That's

991
00:45:55,040 --> 00:45:57,480
Speaker 7: our job. That's watch guy. There's a watch guy.

992
00:45:57,560 --> 00:46:01,000
Speaker 6: He was the one that guessed fifteen in further upward

993
00:46:02,440 --> 00:46:04,839
Speaker 6: and then I said, okay, well, how about what if

994
00:46:04,880 --> 00:46:08,360
Speaker 6: you knew that the same flight New York to Miami,

995
00:46:08,760 --> 00:46:11,760
Speaker 6: if you booked it in the first class. I'm putting

996
00:46:11,800 --> 00:46:15,279
Speaker 6: air quotes around first class even jets tub no, no

997
00:46:15,560 --> 00:46:18,879
Speaker 6: on United. On United first class, which is a joke

998
00:46:18,960 --> 00:46:22,440
Speaker 6: on domestic flights, as many of us have learned, It's like, it's.

999
00:46:22,320 --> 00:46:23,399
Speaker 2: No better than the big seat.

1000
00:46:23,440 --> 00:46:24,280
Speaker 7: It's the big seat.

1001
00:46:24,840 --> 00:46:28,560
Speaker 6: Okay, a flight in quote unquote first class on United

1002
00:46:28,680 --> 00:46:33,279
Speaker 6: one Way five hundred and fifty dollars. Okay, So how

1003
00:46:33,640 --> 00:46:36,280
Speaker 6: close do we think the private jet seat is to United?

1004
00:46:36,280 --> 00:46:38,759
Speaker 7: And my colleagues answer are fifteen cares.

1005
00:46:38,800 --> 00:46:41,040
Speaker 2: You said Miami area, and like, I feel like that's

1006
00:46:41,080 --> 00:46:43,759
Speaker 2: a trick. We're not talking about Tampa or anything like that.

1007
00:46:43,800 --> 00:46:45,320
Speaker 2: This is actual Miami.

1008
00:46:45,360 --> 00:46:45,760
Speaker 8: Miami.

1009
00:46:45,760 --> 00:46:48,240
Speaker 7: Private jets don't land in commercial.

1010
00:46:47,800 --> 00:46:50,000
Speaker 2: Era, but it's from like three hundred miles away.

1011
00:46:50,080 --> 00:46:52,920
Speaker 6: I'm specifically looking at a flight that lands in Opa Waca,

1012
00:46:52,960 --> 00:46:56,480
Speaker 6: which is like the main private jet hub in Miami.

1013
00:46:56,520 --> 00:46:56,880
Speaker 2: Proper.

1014
00:46:57,520 --> 00:47:00,960
Speaker 6: Okay, So again, we think that private jet seat is

1015
00:47:01,000 --> 00:47:03,640
Speaker 6: going to be somewhere between eight and fifteen thousand dollars.

1016
00:47:03,920 --> 00:47:06,440
Speaker 6: United one Way five hundred and fifty dollars.

1017
00:47:06,800 --> 00:47:07,359
Speaker 7: Guess what.

1018
00:47:08,080 --> 00:47:10,840
Speaker 6: You can book a private jets seat for six hundred

1019
00:47:10,880 --> 00:47:13,560
Speaker 6: and twenty five dollars.

1020
00:47:12,960 --> 00:47:15,840
Speaker 3: Really js js X.

1021
00:47:16,840 --> 00:47:17,440
Speaker 7: This is something that.

1022
00:47:19,000 --> 00:47:26,520
Speaker 9: Ran I would say the more accurate, like that's like

1023
00:47:26,560 --> 00:47:29,080
Speaker 9: a regional jet basically that flies out of private airport,

1024
00:47:29,160 --> 00:47:30,920
Speaker 9: so it is much more easy. But you're getting like

1025
00:47:31,520 --> 00:47:34,560
Speaker 9: regional jet type seat. But there are like the exojets

1026
00:47:34,560 --> 00:47:37,040
Speaker 9: of the world that are real private jets, and it's

1027
00:47:37,040 --> 00:47:39,400
Speaker 9: like twenty five hundred you can get seats for sometimes

1028
00:47:39,440 --> 00:47:40,680
Speaker 9: like twenty I would say twenty five.

1029
00:47:41,000 --> 00:47:42,000
Speaker 7: Ran on my parade.

1030
00:47:42,040 --> 00:47:46,719
Speaker 8: Brian, Yeah, well you're technically I'm not saying.

1031
00:47:46,239 --> 00:47:47,279
Speaker 6: So hang on.

1032
00:47:47,400 --> 00:47:48,800
Speaker 7: Let's like let's get the full.

1033
00:47:48,600 --> 00:47:50,840
Speaker 6: Extent of this experience though, because it's not just the

1034
00:47:50,840 --> 00:47:52,360
Speaker 6: seat that you got on the plane, which is like

1035
00:47:52,360 --> 00:47:55,799
Speaker 6: a private jet light experience on board, but still you know,

1036
00:47:56,080 --> 00:47:58,120
Speaker 6: like a business class seat going from New York to Miami,

1037
00:47:58,200 --> 00:48:02,400
Speaker 6: but you're flying out of either like Teeterborough or Westchester airports,

1038
00:48:02,440 --> 00:48:04,640
Speaker 6: which are these little private jet hubs.

1039
00:48:04,840 --> 00:48:07,000
Speaker 7: You basically drive right up to the hangar.

1040
00:48:07,400 --> 00:48:10,440
Speaker 6: The TSA experience is you walk through a scanner on

1041
00:48:10,480 --> 00:48:11,839
Speaker 6: your way up the aircraft door.

1042
00:48:12,520 --> 00:48:18,520
Speaker 7: That's it. Pets, you can bring your dog and then

1043
00:48:18,640 --> 00:48:19,120
Speaker 7: for all.

1044
00:48:19,000 --> 00:48:21,200
Speaker 6: The din quads out there, do you guys know the

1045
00:48:21,200 --> 00:48:24,320
Speaker 6: word no double income.

1046
00:48:25,920 --> 00:48:26,600
Speaker 3: With a dog.

1047
00:48:29,760 --> 00:48:32,720
Speaker 2: Now, audience, keep in mind that back and forth, because

1048
00:48:32,719 --> 00:48:35,680
Speaker 2: I do think that complicated Nikki's tip. But but keep

1049
00:48:35,680 --> 00:48:37,520
Speaker 2: that in mind. I think Stacey, you and I should

1050
00:48:37,560 --> 00:48:40,160
Speaker 2: go next because our tips are better. And then we'll

1051
00:48:40,200 --> 00:48:40,879
Speaker 2: say Brian for.

1052
00:48:40,840 --> 00:48:41,399
Speaker 8: The last one.

1053
00:48:41,719 --> 00:48:43,000
Speaker 3: My tip is very basic.

1054
00:48:43,040 --> 00:48:43,799
Speaker 8: I don't know it.

1055
00:48:44,000 --> 00:48:46,640
Speaker 3: I just white embarrassed to bring this up. But this

1056
00:48:46,840 --> 00:48:49,359
Speaker 3: is my true travel hack. It's the only thing I got.

1057
00:48:49,480 --> 00:48:51,200
Speaker 3: I'm yes, I so.

1058
00:48:53,520 --> 00:48:54,160
Speaker 2: Just spit it out.

1059
00:48:55,200 --> 00:49:03,239
Speaker 3: My travel hack is packing cues because I can, I

1060
00:49:03,280 --> 00:49:05,800
Speaker 3: can re old the judgment, but hear me out. So

1061
00:49:06,640 --> 00:49:09,000
Speaker 3: I am a big believer in never checking a bag.

1062
00:49:09,200 --> 00:49:12,839
Speaker 3: I think it keeps you loose when things change. You

1063
00:49:12,920 --> 00:49:15,120
Speaker 3: never have to like you have you can run across

1064
00:49:15,160 --> 00:49:18,640
Speaker 3: the airport, you can change flights, you can carry everything everywhere.

1065
00:49:18,680 --> 00:49:22,040
Speaker 3: But I've even gone I've never even when I travel

1066
00:49:22,080 --> 00:49:23,719
Speaker 3: for a long period of time. I went on a

1067
00:49:23,760 --> 00:49:26,439
Speaker 3: like three week trip, and I just took a little time,

1068
00:49:26,600 --> 00:49:29,840
Speaker 3: like the smallest little roller bag and a shoulder bag,

1069
00:49:30,320 --> 00:49:32,960
Speaker 3: and then you can like wash your clothes in the

1070
00:49:33,040 --> 00:49:34,480
Speaker 3: hotel and.

1071
00:49:34,719 --> 00:49:38,000
Speaker 2: Use what specifically do the cubes do. That's the thing

1072
00:49:38,000 --> 00:49:39,200
Speaker 2: that I've never really understood.

1073
00:49:39,200 --> 00:49:42,360
Speaker 3: They're actually pretty good. So you can basically just they

1074
00:49:42,400 --> 00:49:45,920
Speaker 3: decrease the volume, thresh your clothes into these little bricks,

1075
00:49:46,640 --> 00:49:49,880
Speaker 3: and it does keep it organized. So I am just

1076
00:49:49,920 --> 00:49:52,439
Speaker 3: a big believer in like staying flexible in that way,

1077
00:49:52,480 --> 00:49:55,760
Speaker 3: and then you can kind of change your plans and

1078
00:49:55,760 --> 00:49:58,600
Speaker 3: and everything is with you all the time like a turtle.

1079
00:50:02,160 --> 00:50:04,680
Speaker 2: Okay, I actually think that's a really good tip. Sta

1080
00:50:04,719 --> 00:50:05,480
Speaker 2: I'm just gonna.

1081
00:50:07,680 --> 00:50:08,080
Speaker 7: Terrible.

1082
00:50:08,719 --> 00:50:11,319
Speaker 2: It is very dorky though, is that. I know, I

1083
00:50:11,400 --> 00:50:14,560
Speaker 2: know it is, but my tip, and I feel like

1084
00:50:14,600 --> 00:50:16,839
Speaker 2: I'm gonna get some judgment for this, But I have

1085
00:50:16,880 --> 00:50:21,120
Speaker 2: three children, and it is incredibly nikky. You have a

1086
00:50:21,120 --> 00:50:23,680
Speaker 2: couple of kids, you have to, okay, so you know

1087
00:50:23,840 --> 00:50:26,760
Speaker 2: it's really you know, it's kind of annoying. You book travel,

1088
00:50:26,840 --> 00:50:29,560
Speaker 2: it's it adds up or whatever. And now with the

1089
00:50:29,760 --> 00:50:34,640
Speaker 2: changes to how tickets are priced, every airline basically charges

1090
00:50:34,680 --> 00:50:37,520
Speaker 2: you to to like select a seat, which as a

1091
00:50:37,640 --> 00:50:41,200
Speaker 2: parent is hectic and you you you don't want your

1092
00:50:41,400 --> 00:50:43,279
Speaker 2: like three year old to be in the front of

1093
00:50:43,280 --> 00:50:44,800
Speaker 2: the plane while you're in the back of the plane.

1094
00:50:45,000 --> 00:50:47,160
Speaker 2: That would be very upsetting. And my hack is to

1095
00:50:47,280 --> 00:50:50,480
Speaker 2: never pay that fee because I look at it. First

1096
00:50:50,480 --> 00:50:52,400
Speaker 2: of all, there is a there is a rule that

1097
00:50:52,440 --> 00:50:56,120
Speaker 2: the airlines have to try to see you together. And

1098
00:50:56,160 --> 00:50:58,920
Speaker 2: I also feel like if they don't seat me with

1099
00:50:59,000 --> 00:50:59,879
Speaker 2: the children.

1100
00:50:59,640 --> 00:51:02,520
Speaker 3: Using social pressure to make people leave there, that is.

1101
00:51:02,440 --> 00:51:06,080
Speaker 2: Their problem, not my problem. That's that, like it's a

1102
00:51:06,160 --> 00:51:07,000
Speaker 2: much better flight.

1103
00:51:07,400 --> 00:51:09,640
Speaker 3: So you just like you just like find the person

1104
00:51:09,760 --> 00:51:11,440
Speaker 3: sitting next to your three year old.

1105
00:51:11,480 --> 00:51:14,040
Speaker 2: It's never come up. I've never paid for I've never

1106
00:51:14,120 --> 00:51:17,840
Speaker 2: paid to select a seat, and no bad has ever before.

1107
00:51:17,880 --> 00:51:20,760
Speaker 2: So people have always been the airline does it. They

1108
00:51:20,840 --> 00:51:23,359
Speaker 2: may behind the scenes, maybe they juggle. I don't know, Brian,

1109
00:51:23,400 --> 00:51:24,040
Speaker 2: how does it work?

1110
00:51:24,360 --> 00:51:27,000
Speaker 9: You know, it depends that the algorithm will try to

1111
00:51:27,040 --> 00:51:30,759
Speaker 9: put you together. Okay, so but yeah, sometimes they can

1112
00:51:30,840 --> 00:51:33,040
Speaker 9: get dicey. I'm glad you haven't had an issue.

1113
00:51:33,080 --> 00:51:33,400
Speaker 8: I do know.

1114
00:51:33,480 --> 00:51:34,759
Speaker 9: I mean I see it all the time that it

1115
00:51:34,800 --> 00:51:36,600
Speaker 9: does come up, and then it's you.

1116
00:51:36,480 --> 00:51:41,880
Speaker 7: Know, issues of strangers.

1117
00:51:42,520 --> 00:51:43,919
Speaker 2: Okay, Brian, your hack?

1118
00:51:44,080 --> 00:51:46,680
Speaker 9: So my hack is that you know, airlines and hotels

1119
00:51:46,680 --> 00:51:50,040
Speaker 9: are using AI to screw us all basically, and that's

1120
00:51:50,080 --> 00:51:52,200
Speaker 9: not going to change. So as consumers, we need to

1121
00:51:52,280 --> 00:51:55,760
Speaker 9: use AI to fight back. So when it comes to booking, flights.

1122
00:51:55,800 --> 00:51:57,520
Speaker 3: Do you mean like pricing, dynamic pricing.

1123
00:51:57,600 --> 00:52:00,399
Speaker 8: Dynamic pricing, Yeah, so what you can do use AI.

1124
00:52:00,600 --> 00:52:03,320
Speaker 9: So there's a tool called with Autopilot, so whenever you

1125
00:52:03,400 --> 00:52:07,680
Speaker 9: book a flight, it'll track and automatically keep checking constantly,

1126
00:52:07,719 --> 00:52:10,480
Speaker 9: and if the flight price drops, they automatically rebook it

1127
00:52:10,520 --> 00:52:11,760
Speaker 9: and give you a voucher.

1128
00:52:11,840 --> 00:52:12,399
Speaker 8: You have to do.

1129
00:52:12,400 --> 00:52:15,680
Speaker 9: Nothing, So I think tools like that. There's also Google

1130
00:52:15,760 --> 00:52:19,200
Speaker 9: Flights are Google Hotels. Now, once you book a flight

1131
00:52:19,280 --> 00:52:22,040
Speaker 9: or a hotel on Google Hotels, you can track it.

1132
00:52:22,200 --> 00:52:24,839
Speaker 9: So if that hotel drops in price and you booked

1133
00:52:24,840 --> 00:52:28,879
Speaker 9: a refundable fare or night rate, you can automatically you'll

1134
00:52:28,880 --> 00:52:30,960
Speaker 9: get a ping alert and just go in, take two

1135
00:52:31,000 --> 00:52:33,680
Speaker 9: seconds rebook it at the lower rate. There's also auto

1136
00:52:33,800 --> 00:52:36,400
Speaker 9: slash which does that for rental cars. Rental cars can

1137
00:52:36,480 --> 00:52:39,560
Speaker 9: drop dramatically. So my point to all of you is,

1138
00:52:39,640 --> 00:52:42,399
Speaker 9: whenever you book, stop assuming that that's the best price

1139
00:52:42,400 --> 00:52:45,480
Speaker 9: you're ever going to get, because let technology continuously check

1140
00:52:45,480 --> 00:52:47,879
Speaker 9: and then rebook and put money back in your pocket that.

1141
00:52:47,880 --> 00:52:49,640
Speaker 8: You can then use on the things you actually love.

1142
00:52:49,719 --> 00:52:52,440
Speaker 6: I'll add one to your list, which is air Help

1143
00:52:52,480 --> 00:52:55,160
Speaker 6: has an app now and if you're flying to Europe,

1144
00:52:55,200 --> 00:52:58,960
Speaker 6: the consumer protections for flight disruptions and cancelations and are

1145
00:52:58,960 --> 00:53:01,640
Speaker 6: really strong. So if you're worried that, like all of

1146
00:53:01,640 --> 00:53:04,200
Speaker 6: the chaos with fuel prices in our European airline is

1147
00:53:04,200 --> 00:53:05,640
Speaker 6: going to run out of fuel, is my flight going

1148
00:53:05,680 --> 00:53:06,440
Speaker 6: to get canceled?

1149
00:53:06,719 --> 00:53:09,480
Speaker 7: If you so much, just track your flight with air Help.

1150
00:53:10,480 --> 00:53:13,920
Speaker 6: Should anything happen to that flight that would qualify you

1151
00:53:14,160 --> 00:53:18,040
Speaker 6: for consumer protections, air Help would automatically put through the

1152
00:53:18,080 --> 00:53:21,040
Speaker 6: claim and get you paid for it. And the only

1153
00:53:21,080 --> 00:53:23,719
Speaker 6: thing that you pay is like a thirty percent commission

1154
00:53:23,800 --> 00:53:26,040
Speaker 6: on the actual payout that's delivered to you.

1155
00:53:26,080 --> 00:53:28,680
Speaker 2: At the end of all that, you are sort of

1156
00:53:28,719 --> 00:53:32,000
Speaker 2: favoring a regime with fewer credit card choices. Though when

1157
00:53:32,000 --> 00:53:35,120
Speaker 2: you do that, because the European didn't, I mean, didn't

1158
00:53:35,120 --> 00:53:37,880
Speaker 2: you hear that these consumer productions the.

1159
00:53:37,880 --> 00:53:42,600
Speaker 7: Point I will say, no, Brian has a point. Brian

1160
00:53:42,640 --> 00:53:43,759
Speaker 7: has a lot of points that.

1161
00:53:45,480 --> 00:53:48,640
Speaker 6: I'm just gonna say, all right, but I will say

1162
00:53:48,680 --> 00:53:50,120
Speaker 6: that this is one of the silver linings of all

1163
00:53:50,120 --> 00:53:53,040
Speaker 6: the travelcasts that's happening right now is that Europe has

1164
00:53:53,160 --> 00:53:55,759
Speaker 6: always been the only region to have consumer protections like

1165
00:53:55,800 --> 00:53:58,320
Speaker 6: it does, and all of the like mayhem that was

1166
00:53:58,360 --> 00:54:01,560
Speaker 6: caused when the Middle East airspace was closed, is encouraging

1167
00:54:01,640 --> 00:54:04,120
Speaker 6: other regions around the world to say, this is a

1168
00:54:04,200 --> 00:54:07,160
Speaker 6: reputational backlash if we don't have consumer protections, and we

1169
00:54:07,280 --> 00:54:09,760
Speaker 6: really got to get on it. And now those programs

1170
00:54:09,760 --> 00:54:12,440
Speaker 6: are being put in place in more places, and hopefully

1171
00:54:12,440 --> 00:54:16,719
Speaker 6: that will lead to an environment where, even if geopolitical

1172
00:54:16,800 --> 00:54:20,120
Speaker 6: chaos persists, we don't get screwed as often.

1173
00:54:21,320 --> 00:54:23,279
Speaker 2: All right, I think it's time to vote with our

1174
00:54:23,520 --> 00:54:27,319
Speaker 2: applause the app Okay, all right, Jasmine is the applause meter?

1175
00:54:27,440 --> 00:54:27,760
Speaker 8: Ready?

1176
00:54:28,280 --> 00:54:32,240
Speaker 3: Okay, got a thumbs up Nikki's travel hack of taking

1177
00:54:32,280 --> 00:54:35,880
Speaker 3: a private jet. And what are the criteria we need

1178
00:54:35,920 --> 00:54:37,680
Speaker 3: to go? Okay, one more time.

1179
00:54:37,640 --> 00:54:40,960
Speaker 2: One more thing, one more time. Criteria, cost savings, exclusivity,

1180
00:54:41,080 --> 00:54:42,680
Speaker 2: consideration of fellow travelers.

1181
00:54:43,000 --> 00:54:45,640
Speaker 3: Okay, so private jet.

1182
00:54:46,320 --> 00:54:46,759
Speaker 6: I love that.

1183
00:54:47,000 --> 00:54:57,239
Speaker 3: Get it's pretty good. Back, Well, that's like a pitty noise.

1184
00:54:57,320 --> 00:54:59,720
Speaker 3: I'll take it.

1185
00:55:00,040 --> 00:55:03,920
Speaker 2: Letting your children loose on the airplane, letting your children's

1186
00:55:03,920 --> 00:55:06,319
Speaker 2: move next to strangers.

1187
00:55:06,320 --> 00:55:13,200
Speaker 3: And guilty strangers into movies. And finally AI for good

1188
00:55:13,480 --> 00:55:17,919
Speaker 3: a fighting robots, Yeah, fighting robots and robots.

1189
00:55:22,880 --> 00:55:23,719
Speaker 2: All right, let's do.

1190
00:55:25,280 --> 00:55:35,760
Speaker 4: The final Okay, wow, packing cubes.

1191
00:55:40,040 --> 00:55:56,200
Speaker 2: I love that Bryan's tip robots is the wind, Stacey wins.

1192
00:55:56,239 --> 00:55:58,840
Speaker 3: I am floored and and very grateful.

1193
00:55:59,760 --> 00:56:02,600
Speaker 8: Is there brand brand? Is there a brand of cubes

1194
00:56:02,640 --> 00:56:03,120
Speaker 8: that you love?

1195
00:56:03,920 --> 00:56:07,440
Speaker 3: The Amazon one? Pretty good there?

1196
00:56:07,520 --> 00:56:10,239
Speaker 6: Yeah, thank you for bringing our conversation back to earth.

1197
00:56:10,320 --> 00:56:11,959
Speaker 6: That was a really important moment.

1198
00:56:11,960 --> 00:56:14,640
Speaker 3: That it's the cheapest of the hacks for sure.

1199
00:56:14,840 --> 00:56:19,719
Speaker 2: Yes, Brian Nikki, thank you for being here. Thank you

1200
00:56:19,719 --> 00:56:22,200
Speaker 2: to the Ludlow House, thank you to on AirFest. Really

1201
00:56:22,239 --> 00:56:22,840
Speaker 2: appreciate it.

1202
00:56:22,880 --> 00:56:23,319
Speaker 8: Thank you all.

1203
00:56:23,440 --> 00:56:25,839
Speaker 3: Yes, thank you, and travel safe.

1204
00:56:27,840 --> 00:56:30,279
Speaker 2: And we'll put some of Brian's tips in then show

1205
00:56:30,320 --> 00:56:32,120
Speaker 2: notes or something right because I feel I saw some

1206
00:56:32,120 --> 00:56:32,839
Speaker 2: people taking notes.

1207
00:56:32,880 --> 00:56:33,520
Speaker 3: Oh my gosh.

1208
00:56:33,600 --> 00:56:34,200
Speaker 2: Yes, I know.

1209
00:56:34,520 --> 00:56:36,480
Speaker 3: There's a couple of credit cards I need to get.

1210
00:56:36,520 --> 00:56:38,520
Speaker 3: I don't even have close to thirty.

1211
00:56:38,640 --> 00:56:39,200
Speaker 8: It's a good thing.

1212
00:56:39,239 --> 00:56:41,520
Speaker 9: There's this website called the pointskuy dot com.

1213
00:56:42,400 --> 00:56:49,960
Speaker 3: I've heard good things about it. The show is produced

1214
00:56:49,960 --> 00:56:53,480
Speaker 3: by Jasmine JT. Green, Stacy Wong, and Miles J. Hersenhorn.

1215
00:56:53,600 --> 00:56:57,240
Speaker 3: Magnus Hendrickson is our supervising producer. Sam Rogan handles engineering,

1216
00:56:57,320 --> 00:57:01,440
Speaker 3: and Dave Purcell factchecks. Special thanks to Muscus, Julia Rubin

1217
00:57:01,520 --> 00:57:03,759
Speaker 3: and Maria Ling and a very big thank you to

1218
00:57:03,760 --> 00:57:06,080
Speaker 3: Scott Newman and the rest of the on air fest team,

1219
00:57:06,160 --> 00:57:08,840
Speaker 3: along with ludlow House for putting this together. If you

1220
00:57:08,880 --> 00:57:10,719
Speaker 3: have a minute, please rate and review the show. It

1221
00:57:10,760 --> 00:57:12,320
Speaker 3: means a lot to us. And if you have a

1222
00:57:12,320 --> 00:57:14,640
Speaker 3: story that should be our business, please send us an email.

1223
00:57:14,719 --> 00:57:18,520
Speaker 3: Everybody's at Bloomberg dot net. That's everybody's with an us

1224
00:57:18,560 --> 00:57:21,160
Speaker 3: at Bloomberg dot net. Thank you for listening. We'll see

1225
00:57:21,160 --> 00:57:21,680
Speaker 3: you next week.