Go to https://buyraycon.com/hmw to get 15% off your Raycon purchase!
Why is everything a subscription?
Subscription services are everywhere effecting personal finance the average person is now spending $273 a month on subscriptions and at the same time less than one third of them could afford a $1,000 expense without going into debt…
This only includes software services like netflix, disney plus, hulu, spotify, adobe, apple music, xbox games pass and others. it does not include other recuring expenses like gym or club memberships.
Service companies are doing this to attract venture capital investment. These investors favour subscription businesses because they provide consistent cash flows and can be scaled rapidly before being sold through a traditional IPO, a SPAC or to a private equity fund.
But these businesses are not always perfect and there are some products that just make more sense to sell through a one time direct sale.
So it’s time to Learn How Money Works to find out how everything became a subscription.
Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
For sponsorship inquiries, please contact firstname.lastname@example.org
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.