Cara Nicole
Cara Nicole
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How Timeshares Keep You Poor
Your 'slice of paradise' might just cost you your fortune... || Use code “CARA” at joindeleteme.com/cara if you’re interested in getting your own detailed report and having your personal information stay private!
🎥 More about this video:
Timeshares are sold as a way to lock in your dream vacation while also securing an 'investment' -- but what's the truth? The truth is that time shares aren't just a potential headache, but they can also keep you poor. In this videos, we dive into what time shares are, the sneak sales tactics used to rope you in (from dangling free things in front of you, buttering you up, and even getting you drunk), and why buying into a time share can be such an awful financial decision.
Want more videos on money, media, society, and intentional living? Be sure to subscribe for more video essays!
🔍 Resources mentioned:
CBS News on timeshare industry: www.cbsnews.com/news/what-is-a-timeshare-cbs-news-explains/
United Consumer Financial Services: www.ucfs.net/trends-in-timeshare-elimination-how-to-get-out-of-your-timeshare/
The Daily episode about the timeshare selling scam: ua-cam.com/video/3biituRAiVg/v-deo.html
FTC warnings: consumer.ftc.gov/articles/timeshares-vacation-clubs-and-related-scams#avoid
💌 Want to support the channel? Here are a few ways!:
- One-time donation: www.buymeacoffee.com/cara.nicole
- Join my Patreon: patreon.com/caranicole
- My Etsy (budget spreadsheets!): www.etsy.com/shop/FinancialFreedomGirl?ref=profile_header
🎥 Check out some of my other videos! 🎥
- Let’s talk aesthetic restocking videos: ua-cam.com/video/5SdN_xe-tOc/v-deo.html
- Let's Talk 'Haul Culture': ua-cam.com/video/et0OS6vKijM/v-deo.htmlsi=K5ZjXx_0lqUMfhCl
- Let's talk aesthetic subcultures: ua-cam.com/video/ti4PGYISY44/v-deo.html
Time Stamps:
0:00 Let’s talk time shares
03:14 Inflexibility & Inflation
05:11 Cons & Cons
08:27 Timeshare sales techniques
13:19 Aggressive sales people
16:29 The Grift
Keywords for some sweet, sweet metadata:
Personal finance, money management, deinfluence, deinfluencing, budgeting, budget, credit card, debt, personal loans, culture, hauls, video essay, video analysis, social media, tiktok, instagram, Pinterest, materialism, overconsumption, consumerism, climate change, shopping, spending money, flex culture, vacation, viral, influencers, cara nicole
Переглядів: 47 360

Відео

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КОМЕНТАРІ

  • @CharlesMorton793
    @CharlesMorton793 25 хвилин тому

    Wow.... I am blown away by this presentation. I was an insecure 59 year old, in January 2018 when I started buying Bitcoin/crypto. Everyone though I was irrational. Most still do. I put my income and savings and watched the value drop each month but for some reason really believed in Bitcoin and alt coins/blockchain even though I don't totally understand. Finally, the crypto market started turning around and I am astonished at the value of my crypto currency portfolio today. I engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 14Bitcoin....At the heart of this evolution is Whitney Eston, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

    • @CharlesMorton793
      @CharlesMorton793 24 хвилини тому

      Whitney Eston program is widely available online..

    • @RonaldYeates
      @RonaldYeates 22 хвилини тому

      It really helped trading with Whitney Eston analysis, even with the market in a downward trend. Definitely riding the market wave is a good perspective..

    • @AntonioMaurer503
      @AntonioMaurer503 21 хвилина тому

      Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

    • @MarkPerl
      @MarkPerl 20 хвилин тому

      sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journey!

    • @blamemando428
      @blamemando428 19 хвилин тому

      I read about Whitney Eston too on the internet. that was how I connected with her. Good is got people’s back too i thought i was the only benefactor..

  • @joshuagonzalez9733
    @joshuagonzalez9733 45 хвилин тому

    Funny enough watching the video I really did just finish a sleeve of Oreos….I regre t nothing

  • @tiwatopetolzmann
    @tiwatopetolzmann Годину тому

    I really love your taste and style always so chic. My faves would be the H Q D U P S leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations.

  • @thomascool1335
    @thomascool1335 Годину тому

    my uncle traveled with $200000000 aircraft because he’s an airforce pilot (C-17 military cargo plane) and he’s not flexible at all 🤷🏻‍♂️

  • @gamagoori
    @gamagoori 2 години тому

    lol when i was at atlantic city as a child i asked my dad what the people who tried to talk to us in the casino lobby were doing. he said they were selling timeshares and to never buy one. lesson internalized thanks dad!

  • @DMoz13
    @DMoz13 2 години тому

    My husband and I made the mistake of buying a time share. In hindsight, the sales guy was super scammy, pushy and made us feel like we were missing out on making wonderful, memories with our kids. It was just scammy as you described it Cara. After we realized how hard it was to get a vacation location of our choice we searched for a way out. We were lucky enough to find a law firm to get us out of it. Thank goodness we got rid of it!

  • @isic71
    @isic71 2 години тому

    This also applies to tote bag culture, how it started as an eco-friendly alternative and now they are matched to outfits

  • @lim2001burger
    @lim2001burger 2 години тому

    We got married and had a small intimate wedding with about 35 guests, but with the venue (where we had the ceremony and lunch) the cake, officiant and photographer, it was still almost $10k AUD all up. I must say it was all worth it because we considered and chose based on what we wanted and NOT what other people expected, so not big wedding guest list, or long drawn out dinners etc...and we also made a point NOT to make our guests feel pressured to bring expensive gifts to compensate for the wedding expense, especially the ones that had to travel. I agree that a photographer is a must - the day went by in a flash, and you cant rely on your guests to "work" by taking photos on your wedding - they should be there to share the moment with you and help celebrate.

  • @413chelsz
    @413chelsz 3 години тому

    5 years ago I went to DR with my husband it was our first time at a resort, within an hour we got a letter inviting us to a “VIP presentation “ for one hour they took us to eat lunch which was the same food as buffet nothing special then took us around a golf cart showing us the nicest room in the resort then they took us to a 2nd floor and sat us down with some drinks and started writing down what we had to put down in order to have our vacation package (timeshare) that could be used in certain locations they then started showing us all the locations and ammenities online. They asked us to make a decision on how much $ we wanted to put down and what they could discount the 3 reps staring at us waiting to decide.I tell my husband we need a moment to go outside and think, we ended up declining and they were not nice about it and continued to insist but we left. They ended up taking 3 hours of our precious vacation time on trying to convince us to ruin our future at only 25 yrs old. Thankfully we were firm and did not end up falling for it. We instead saved our $ for a downpayment on a house

  • @kentheengineer592
    @kentheengineer592 3 години тому

    6:38?

  • @annan.3283
    @annan.3283 4 години тому

    I stayed at a hotel in Cancun and asked to not be part of the all inclusive food package to save money. One day it was pouring rain and my room phone kept ringing so I finally answered. They said if I sit through a presentation I get a free lunch, drinks and coupons for excursions. So I did and the sell was hard but I just lied and said l was broke and just couldn’t swing it while asking for a refill of the free pina colada. lol

  • @OreoFresa
    @OreoFresa 4 години тому

    I attended 2 of these but the worst was the later one. My parents took me on a vacation to the beach for my 15th. birthday (I'm a latina and the quinceañera is a very important day). We were aproached by the time share who told us about their aquatic park and how we could use it after their 90 minute presentation. My parents were happy and decided to go exactly on my birthday so I could enjoy the park. We were in a room from 9 am to 4 pm saying NO constantly and they turned more agressive each time until my dad told them he was going to call the cops they released us. It was a terrible day and my parents were apologetic to me. I was disappointed and angry (not towards them) but we made best of the remaining hours that day.

  • @emilina6559
    @emilina6559 4 години тому

    Paper bags are so useful honestly, i use them to gift food to my friends, cut them up to make shipping package, use as garbage or recycle bag, lunch bag, donation bag, etc.

  • @kentheengineer592
    @kentheengineer592 4 години тому

    My Experience With Time-Share is the Opposite Effect Not Really Bad Quite Great Auctually The Best Part is You Can Get a Bond With Fractional Ownership Within a Housing Subscription Organization That Has Portfolio Of Same Value Properties, Meaning The Value Can Be Traded For Other Fractional Ownership Houses Usually These Deals And Opportunities Are for Beginners Who Dont Want to Pay $5M to $80M for the Fixed Lifetime Cost of Home Ownership Its Also For People Who Operate Differently Resources

  • @roxycocksey
    @roxycocksey 4 години тому

    After all the tv shows, media, and parents complaining about timeshares for DECADES during our generations youth, the fact that people are STILL falling for them is nearly inexcusable unless you grew up in an extremely sheltered environment.

  • @TomikaKelly
    @TomikaKelly 4 години тому

    I didnt know people were still buying timeshares in 2024. 😂

  • @CatheLesp
    @CatheLesp 4 години тому

    Went to the Las Vegas Wynn brunch just before my timeshare speech thing, I was a very unpleasant costumer to the salesperson, sorry, but everyone knows it’s a scam even drunk me after the Wynn brunch. Got out of the 2h presentation after a little 45 minutes. I guess the guy knew right away that his time was more valuable with other people. Got my 2 nights at the hotel for 30$ because I had agreed to a 2h presentation that turned out to be a 45 minutes presentation. Great time in Vegas though.

  • @RachelAnnPotter
    @RachelAnnPotter 4 години тому

    I got two "five days four nights" vacations with free hotel rooms for sitting in thise timeshare meetings. Those SOBs are incredibly persuasive. They didn't offer us a third vacation after we said no twice 😅

  • @ChristinaPykles
    @ChristinaPykles 5 годин тому

    People are insane.

  • @PAULIVenezuela
    @PAULIVenezuela 5 годин тому

    About 20 years ago my dad decided it would be fun to take my brother and I, on a long weekend, to timeshare presentations... we went to 4 or 5 of them, if they took more than 30 mins my dad said "Are you hungry?" and my younger brother started to be annoying saying that he wanted to eat KFC so we could go, from the 2 presentations that were short we got 2 vouchers for a "free night" at the resorts, we used them on that same trip, the next morning if they started to pressure my dad he said "yeah, I need to check with my wife, she is in (name of a near town) with her sister, we will be back in the afternoom" or something like that. After a while, my parents ended up paying for the cheapest plan in one of the smallest resort in the area with a points system that did not limit the week we could go, we just had to consume the points and book with enough time in advance in high season, it was close to 3 famous beaches in the area, so we went twice a year (once in high season and once in low season), we spent the day on the beaches/parks/restaurants outside the resort and came back almost only to sleep, I think they hated us for that XD. It was nice while it lasted, when the cost of maintenance started to get too much my dad just got into a phone call war with them until they canceled our contract, I think we even got blacklisted for 5 years or something hahahaha We still went to those beaches on vacation after canceling, but we started renting directly from local house/apartment owners we met on beach outings. And yes, my dad was the kind of guy who was a bit fishy with his plans, but had a good heart, he used to say that you owed respect to the little guys, not corporations and that there is no shame in saying "no thank you, I don't want the opportunity of a lifetime" because almost everytime it was a scam.

  • @cassamoroll
    @cassamoroll 5 годин тому

    i have a hydroflask and i love it!!! i got it a lil after the trend died down and i use it still to this day lol

  • @spokenwordpoetries
    @spokenwordpoetries 5 годин тому

    If you’re on vacation and someone asks you to go into a meeting or info session, say NO and walk away. Don’t give them any info. Vacation is your time, not theirs.

  • @Althecor
    @Althecor 6 годин тому

    I was born in '93 and i feel like all i grew up hearing was about how timeshares were scams lmao. Crazy to think not everyone has that knowledge

  • @spokenwordpoetries
    @spokenwordpoetries 6 годин тому

    I’m an American expat (living abroad) and I love to travel. A timeshare is a horrible idea because you’re locking in a destination and a rate instead of being able to go wherever you want and take advantage of deals. You lose all freedom and exploration. My best travel money saving tips are to travel in the off season, buy tickets on a Weds evening, try to avoid flying on weekends (mid week flights), and be flexible on dates and destinations (shop the price of flights and hotels and choose from there.) Also, focus on what YOU like and block out any social pressure (think Ron Swanson’s trip to Europe on Parks and Rec. He hated the cliche first part and loved the customized second part.)

  • @anitas_tinkershop
    @anitas_tinkershop 6 годин тому

    loved the video!

  • @Randilynn66
    @Randilynn66 6 годин тому

    I've been to about ten timeship presentations and never purchased anything. I'm very firm in my NO.

  • @usrower75
    @usrower75 6 годин тому

    SATC was like a television version of a 90s Cosmo magazine. Quite interesting, but not very helpful in the real world.

  • @newbatgirl
    @newbatgirl 6 годин тому

    I recycled some older ornaments into a personalized wreath for my home office. Now I use it every year and it’s even more special because I made it myself.

  • @CallMeLani
    @CallMeLani 6 годин тому

    Yup, nail on the head. I went to one in Vegas where they said they'd pay me $50. I was firm from the start that I wouldn't buy. They tried everything to get me to buy. After 3rd round, they handed me a $50 bill and I left. Now I rent timeshare points for vacations. It's a lot cheaper and I don't own the timeshare at all! Best of both worlds

  • @tigerslilly
    @tigerslilly 6 годин тому

    My friend bought one in New Hampshire and she regrets it

  • @jsully7426
    @jsully7426 7 годин тому

    Lol went to listen. Got my free gift and told them all to f off.

  • @emilyau8023
    @emilyau8023 7 годин тому

    I kind of felt really sad when my favorite history teacher told me he got divorced, lost the capability to see his kids, got diagnosed with bipolar disorder, and got a timeshare...

  • @pincopallino8176
    @pincopallino8176 7 годин тому

    Sorry, that's not true. Only because we don't know the brands those millionaires wear, it doesn't mean they wear cheap clothes. I found a store lately, you get a jacket for 2k bucks, so I wouldn't say that's cheap. I didn't know any of the mentioned designers. Even those black turtleneck shirts Steven Jobs was wearing costed him most likely several hundred bucks.

  • @geministar6167
    @geministar6167 7 годин тому

    I literally can’t finish one bottle of foundation before it expires

  • @willbaumiller9018
    @willbaumiller9018 8 годин тому

    Just because it’s an investment doesn’t mean it’s a good investment

  • @xhaziie
    @xhaziie 8 годин тому

    In Bali, they take you on a bus to somewhere hours away from your hotel, to a non tourist area. I also hear if you say no, they sometimes leave you there stranded.

  • @andromeday8508
    @andromeday8508 8 годин тому

    such a great video! in defense of liquid death though their purpose was also to make it fun to not drink at parties and to be good for the environment! I like that they are trying to change norms by doing silly internet things lol

  • @WoolandFlax
    @WoolandFlax 8 годин тому

    I cannot related to any of this #gottapaythatmortgage and #feedthosekids

  • @fruity4820
    @fruity4820 8 годин тому

    The whole bit about the different one-use water bottles was a bit of a culture shock for me. I never find myself thinking which compeny i am going to over-pay for something that is avilable for free if only i had access to a water cooler, i just grabe whichever brand is avilable in the convenience store i am at (i dont remeber even seeing multiple water brands in the same store too often, they must have some exclusivity brand deals) and i dont personaly know anyone who care either

  • @Icarus47249fd
    @Icarus47249fd 8 годин тому

    Why are people obsessing over a bottle...

  • @lovepeacebliss
    @lovepeacebliss 9 годин тому

    Why must every single person interject media clips into their videos? why??

  • @ladycrystalr-u.s.a
    @ladycrystalr-u.s.a 9 годин тому

    I absolutely do not drink alcohol, ever. Thank God.

  • @captainshamsham
    @captainshamsham 10 годин тому

    My boyfriend and I almost got had in Vegas. They get you with promises of free drinks and show tickets. Thankfully my boyfriend figured it out and we were able to get out before the presentation started without much hassle. Glad I didn’t insist we sit through it for the free stuff which I almost did!

  • @jeffmonson1
    @jeffmonson1 10 годин тому

    Back in 96 or so in San Diego I signed up for an entry to win a new VW bug (one where they rolled the car into the middle of the mall). I was called to come back to the mall on a certain date/time to get a scratch-off ticket that may win the car or a few other prizes. Turned out to be a timeshare presentation (yes, very scammy) that I had to sit through in order to get my scratcher. I sat through it, told the closer that I'm a broke E5 in the Navy and couldn't afford it, so I got out fairly easily. In the end, I scratched my ticket and won a Sony DVD player...and this was back when DVD players were brand new to the market and hundreds of dollars. That DVD player still works to this day. That was also the day I learned that free car giveaways in malls were just a way for these timeshare criminals to get leads.

  • @eddythefool
    @eddythefool 10 годин тому

    I'll be honest, i got a $3k car over ten years ago and only spent roughly $500 in maintenance over eight years of owning it, but that's old civics for you.

  • @v-tiful
    @v-tiful 10 годин тому

    so basically a supposedly illegal but very legal scam, wow this the second elegant scam ive heard after mlm

  • @braedyt
    @braedyt 11 годин тому

    Timeshares, like socialism, look great on the surface but when it comes to reality 😅 not so much haha

  • @animerage1862
    @animerage1862 11 годин тому

    Do people just...have $30,000 laying around to put towards something that reeks scam?! Like I barely have the $200 needed to buy the plane ticket to visit family once a year, what kind of life y'all living?! XD Also the people in the tiktoks are saying that they are stuck at the presentations for hours, are the doors locked or something? It wouldn't take long for me to just say "I'm on vacation and have somewhere to be, bye." Maybe I don't know how persuasive these sales people are but just seems weird to me is all.

    • @tigerslilly
      @tigerslilly 6 годин тому

      Older people are targets. Retirement fund

    • @animerage1862
      @animerage1862 6 годин тому

      @@tigerslilly fair

  • @saritamoorebansa4485
    @saritamoorebansa4485 11 годин тому

    I attend a timeshare with my ex in 2001. It was very aggressive. I kept saying why would I buy a timeshare when I don’t own a house. ( I just wanted the free Minnesota zoo tickets that were offered) 😂😂. I am so glad I stood my ground. It would have been financial suicide if we had gotten a timeshare!!!!