>> Ted: COMING UP NEXT ON ARIZONA HORIZON, A LOOK AT INVENTORY LEVELS, WAREHOUSING CAPACITY.

>>> FEWER STUDENTS IN THE STATE ARE ADVANCING THEIR EDUCATION AFTER HIGH SCHOOL AND WE'LL MEET THE AUTHOR OF A NEW BOOK CALLING FOR UPENDING THE RULES OF FANS FINANCES IN MONEY.

THAT'S UP NEXT ON "ARIZONA HORIZON."

>> Ted: GOOD EVENING A WELCOME TO ARIZONA HORIZON.

I'M TED SIMONS.

FORMER GUBERNATORIAL KARI LAKE WANTS A DEFAMATION LAWSUIT FILED AGAINST HER THAT LAKE CLAIMS RICHER IS TRYING TO PREVENT HER FREE SPEECH AND RICHER WANTS TO, QUOTE SILENCE HER.

HE SAYS LAKE MADE FALSE ALLEGATIONS THAT RICHER SABOTAGED MARICOPA COUNTY'S VOTE COUNT AND RICHER FACING QUOTES OF VIOLENCE AND EVEN DEATH.

>>> THIS WAS AT ATLANTA'S FULTON COUNTY COURTHOUSE.

EASTMAN FACING A RACKETEERING CHARGE AND EIGHT OTHER COUNTS AND RELEASED ON $800,000 BOND AND ACCUSED OF SUBVERTING THE WILL OF GEORGIA VOTERS BY COMING UP WITH A PLAN OF FAKE ELECTORS THAT WOULD HAVE ALLOWED THEN, MIKE PENCE TO OVERTURN IN FAVOR OF TRUMP.

ALL 19 DEFENDANTS IN THE CASE ARE EXPECTED TO TURN THEMSELVES IN BEFORE FRIDAY'S DEADLINE.

TRUMP HAS INDICATED HE WILL DO SO ON THURSDAY.

>>> TEAMSTERS VOTED IN FAVOR OF A NEW CONTRACT WITH UPS FOR PAY AND BENEFITS.

THEY VOTED OVERWHELMING TO RATIFY A FIVE-YEAR CONTRACT RETROACTIVE TO AUGUST 1st.

IT WAS JUST A WEEK BEFORE THE UNION WAS SET TO GO ON STRIKE.

IT'S A MOVE THAT WOULD HAVE SIGNIFICANTLY IMPACTED THE ECONOMY.

>>> THE LOGISTIC'S MANAGER INDEX MEASURES A VOTER OF INDICATORS INCLUDING INVENTORY LEVELS, TRANSPORTATION CONDITIONS AND WAREHOUSE CAPACITY AND IT SHOWS A DECLINE LAST MONTH WHICH CONTINUES A SLOWING TREND SINCE THE START OF THE YEAR.

HERE TO TELL US WHAT'S THAT ABOUT IS DALE ROGERS FROM W.P.

CAREY SCHOOL.

GOOD TO SEE YOU AGAIN.

>> GREAT TO BE HERE.

>> Ted: I WANT TO MAKE SURE EVERYBODY KNOWS THE LOGISTIC'S MANAGER'S INDEX.

>> WE REALLY SURVEY SUPPLY CHAIN MANAGERS ACROSS SEVERAL INDUSTRIES, BOTH UPSTREAM IN THE SUPPLY CHAIN AND DOWNSTREAM AND THEY'RE WORKING WITH OR FOR RETAILERS.

IT'S A THING WE DO EVERY MONTH.

IT'S BECOME AN IMPORTANT LEADING ECONOMIC INDICATER BECAUSE BEFORE YOU SELL SOMETHING, BEFORE IT CAN GO INTO GDP, WHICH IS LIKE ACCOUNTING AT THE END OF THE MONTH A LITTLE BIT, IT HAS TO GO IN A WAREHOUSE AND ON A TRUCK OR TRAIN OR SOMETHING AND IT GOES INTO INVENTORY.

SO YOU GET AN EARLY WARNING OF WHAT'S GOING TO HAPPEN IN THE ECONOMY.

>> Ted: THE LAST MONTH, THE EARLY WARNING SHOWED WHAT -- IT SEEMS LIKE -- WE HAD YOU ON A FEW TIMES THIS YEAR AND IT'S GONE DOWN.

>> YEAH, IT WAS A RECORD LOW, THOUGH, IN JULY.

YOU EXPECT SOME OF THAT, BUT THERE'S SEVERAL THINGS GOING ON.

ONE OF THEM IS THAT DURING THE PANDEMIC, WE PULLED A LOT OF INVENTORY FORWARD BECAUSE, YOU KNOW, THE SUPPLY CHAIN WASN'T RELIABLE.

THE BELIEF IS THAT THE SUPPLY CHAIN IS RELIABLE NOW AND THAT WE'RE GOING BACK TO THE OLD WAYS, THAT JUST IN TIME VERSUS JUST IN CASE.

>> Ted: COMPARE THOSE TWO.

>> JUST IN CASE, A LOT OF EXCESS INVENTORY AND IT'S OBSOLETE BECAUSE IF YOU DON'T SELL IT, WHAT DO YOU DO WITH IT?

SO THE WAY WE'VE OPERATED THE LAST 25 YEARS, MAYBE LONGER IN SOME INDUSTRIES, IS YOU REALLY LOWER INVENTORY AS MUCH AS YOU CAN AND YOU RELY ON TRANSPORTATION TO GET IT WHERE IT'S GOING TO GO.

WHAT WE'VE SEEN THE LAST YEAR IS BLEEDING DOWN THOSE INVENTORIES THAT WERE HIGHER BECAUSE OF UNRELIABLE SUPPLY CHAINS DURING THE PANDEMIC.

>> Ted: SO IS THIS NECESSARILY A BAD THING TO SEE THIS SLUGGISH BEHAVIOR?

>> NO.

NO, IT ISN'T, BUT IT MEANS THAT PEOPLE AREN'T ORDERING AS MUCH IN THE SUPPLY CHAIN.

WHAT'S INTERESTING, THOUGH, IS THAT THE DOWNSTREAM AT RETAIL IS STILL PRETTY HEALTHY.

>> Ted: RIGHT.

>> YOU KNOW, I THINK YOU ASKED ME A COUPLE YEARS AGO, WILL WE HAVE A RECESSION?

I SAID, BOY, I KNOW EVERYBODY IS SAYING THAT, BUT I DON'T SEE IT.

IT SURE DOESN'T SEEM LIKE WE'RE HEADED INTO A RECESSION.

IT DOESN'T SEEM LIKE IT.

BECAUSE THE CONSUMER IS STILL VERY HEALTHY.

NOW UPSTREAM, BACK IN THE SUPPLY CHAIN, PEOPLE HAVE CANCELED ORDERS AND THEY'VE STOPPED AND SO THAT'S WHY THE OVERALL NUMBER IS DOWN.

>> Ted: IT SOUNDS ELASTIC, LIKE A RUBBERBAND AND IS THAT WHAT'S GOING ON?

IS THIS, BASICALLY, A BACK AND FORTH?

>> YEAH, YEAH, YOU'RE DEFINITELY SEEING THE RUBBERBAND KIND OF COMPRESSING DOWN.

>> Ted: YES.

BUT I KEEP HEARING ABOUT A FREIGHT RECESSION AND THAT THINGS ARE TOUGH.

>> EXCUSE ME.

>> Ted: TAKE A DRINK OF WATER THE FREIGHT RECESSION IN TERMS OF TRANSPORTATION, THE TOUGH TIMES IN THAT SECTOR.

FIRST OF ALL, IS IT TRUE?

AND SECONDLY, ARE WE COMING OUT OF IT?

>> WIRE NOTBY THE END OF THE YEAR.

TRANSPORTATION, WHAT HAPPENED IS THE TRANSPORTATION PRICES AND WE TALKED ABOUT THIS BEFORE SO HIGH DURING THE PANDEMIC AND SO DURING THE END OF IT THAT SO MANY PEOPLE JUMPED INTO THE FREIGHT BUSINESS.

THAT WASN'T SUSTAINABLE AND WE'RE SET FOR A CERTAIN LEVEL OF CAPACITY.

AND SO WE JUST SAW ONE OF THE BIG PLAYERS, WAS IT LAST MONTH OR LAST MONTH, YELLOW FREIGHT, CEASED TO DO BUSINESS BECAUSE THEY WERE OPERATING ON THE BOTTOM OF THE MARKET AND THEY JUST COULDN'T FIGURE OUT HOW TO MAKE MONEY PARTICULARLY WITH FREIGHT RATES AS LOW AS THEY ARE.

>> Ted: YOU HAVE TOUGH TIMES IN THE FREIGHT INDUSTRY AND IT DOES SEEM AS THOUGH WAREHOUSING IS A RELATIVE STRENGTH HERE ALL THINGS CONSIDERED TO BE LMI.

>> ALTHOUGH, WAREHOUSE CAPACITY ISN'T GROWING THE LAST FEW YEARS.

>> Ted: IN A ROUGH TIME, THAT SEEMS LIKE IT'S, WHAT, THE NICEST GUY.

>> PROBABLY THE LEAD TIMES ARE LONGER ON WAREHOUSING THAN TRANSPORTATION.

TO GET YOUR STUFF INTO A WAREHOUSE TAKES AWHILE.

WITH TRANSPORTATION, YOU CAN CHANGE THAT NIGHTLY.

>> Ted: SO DOES THIS SHOW AND DO ALL OF THESE NUMBERS SHOW A CONTRACTING MARKET?

WHAT DO THESE NUMBERS SHOW?

I THINK WHAT WE BELIEVE IS THAT IT SHOWS A MARKET GETTING HUMBOLDT.

GETTING HEALTHY.

RECESSION, YAY OR NAY?

>> I COUP SEE IT.

DON'T SEE IT.

THE FIRST TIME YOU ASKED ME THAT THREE YEARS AGO, I DON'T SEE IT, BUT COULD BE I DON'T SEE IT.

>> Ted: LAST QUESTION AS FAR AS SUPPLY THING WITH THE LMI.

THE FIRST SIGNS TO LOOK FOR THAT THINGS ARE TURNING AROUND AND THAT YOUR YOUR INDEX WILL SHOW MORE IN THAN IT HAS?

>> IT CHANGES SO QUICKLY AND BIGGER SWINGS BUT MOVES FAST BECAUSE YOU CAN'T BUILD WAREHOUSES THAT QUICKLY.

SO WHEN WE START TO SEE CHANGES IN TRANSPORTATION, THEN WE'LL KNOW THAT THERE'S MORE FREIGHT BEING MOVED.

THE OTHER THING IMPORTANT, TED, IS THAT HERE WE ARE IN 2023 AND THE ECONOMY IS MUCH MORE -- IT HAS BEEN MAJORITY SERVICE, BUT IT'S ABOUT 80/10 AND WHERE IS THE OTHER TEN?

AND THAT'S GOVERNMENT.

BUT IT'S 80% SERVICE AND 10% PRODUCTS.

AND SO, FREIGHT MOVEMENT IS IMPORTANT, BUT NOT THE BIG PART OF THE ECONOMY.

>> Ted: DALE ROGERS, W.P.

CAREY SCHOOL, GOOD TO HAVE YOU.

>> YOU BET.

>> Ted: WHY ARE FEWER ARIZONA STUDENTS ADVANCING THEIR EDUCATION AFTER HIGH SCHOOL?

>> FEWER ARIZONA STUDENTS ARE DECIDING TO CONTINUE THEIR EDUCATION AFTER HIGH SCHOOL.

THAT'S ACCORDING TO RECENT DATA RELEASED BY FORWARD ARIZONA AND THE CENTER FOR THE FUTURE OF ARIZONA AND JOINING US NOW IS RICH NICKEL, PRESIDENT AND CEO OF "EDUCATION OF ARIZONA AND AMANDA BURKE.

WHAT IS THAT EDUCATION ARIZONA PROGRESS METER?

>> THE PROGRESS METERS ARE DYNAMIC TOOLS THAT THE CENTER FOR FUTURE OF ARIZONA CREATED IN ORDER TO PROVIDE UPDATED DATA ON THE ISSUES THAT ARIZONANS CARE ABOUT.

THE EDUCATION PROGRESS METER IS ONE OF THOSE PROGRESS METERS AND MOST KNOWN AND WE DEVELOPED THIS IN COLLABORATION WITH EDUCATION ARIZONA.

THEY ASSESS THE OVERALL HEALTH OF THE EDUCATION SYSTEM AND STUDENT OUTCOME AND LOOKS AT A RANGE FROM EARLY CHILDHOOD, ACADEMIC ACHIEVEMENT AND THIRD-GRADE READING AND EIGHTH GREAT MATH AND EDUCATION ATTAINMENTS.

THE DATA IS REALLY IMPORTANT BECAUSE IT HELPS US FIGURE OUT WHERE DO WE NEED TO PAY TENSION ATTENTION TO ENSURE WE HAVE A STRONG QUALITY EDUCATION TO MEET OUR NEEDS.

>> Ted: THE POST-SECONDARY EDUCATION IS WHAT WE'RE TALKING ABOUT.

RICH, 47% IN 2021 AND WITH LIKE 55% IN THE TEENS AND 2014 AND IT'S GOING DOWN.

WHAT'S GOING ON HERE?

I THINK, YOU KNOW, WE SAW LIKE A DECADE OF GOOD PROGRESS AND THE REASON WE SAW THAT PROGRESS WAS PEOPLE PEOPLE UNDERSTAND THAT REGARDLESS OF THE TYPE OF EDUCATION YOU MIGHT WANT TO GET AFTER HIGH SCHOOL, WHETHER IT'S SOME TRAINING PROGRAM, WHETHER IT'S A COMMUNITY COLLEGE UNIVERSITY, THAT IS STILL THE KEY TO GOING OUT AND GETTING THAT GREAT JOB AND ESPECIALLY BEING A PART OF THIS NEW 21st 21st CENTURY ECONOMY AND, UNFORTUNATELY, YOU KNOW, 46%, 47% AND PEOPLE FOR THOSE THAT ARE THE MOST AR ARDENT SUPPORTERS OF POST-SECONDARY ATTAINMENT, AND EVEN THOUGH THEY KNOW THAT'S NOT SUSTAINABLE.

WE HAVE NEIGHBORS IN NEW MEXICO, AND WHERE WE ARE TODAY WON'T LET US GET TO WHERE WE WANT TO GO IN THE FUTURE.

>> Ted: WHY ARE WE GOING IN THE WRONG DISTRIBUTION, AMANDA?

>> I THINK WE CAN LOOK AT HOW WE'RE DOING ACROSS THE CONTINUUM AND THE MOST RECENT DATA WE REVEALED SHOWS THAT FOR THE HIGH SCHOOL STUDENTS THAT GRADUATED IN 2016, THAT SIX YEARS LATER ONLY 28% OF THAT GRADUATING CLASS HAS EARNED A TWO-YEAR DEGREE, TECHNICAL CERTIFICATE, FOUR-YEAR DEGREE.

28%.

THAT MEANS OF THE 70,000 YOUNG ARIZONANS THAT GRADUATED IN 2017, LESS THAN 70% HAVE ATTAINED A CREDENTIAL.

AND THAT IS REALLY CONCERNING BECAUSE WE KNOW TWO-THIRD OF JOBS, IF NOT MORE, REQUIRE SOME SORT OF TRAINING OR TECHNICAL SCHOOL.

OR COLLEGE DEGREE.

ON THE BRIGHT NEWS, WE DO KNOW THAT ARIZONANS UNDERSTAND THIS.

THERE IS STRONG PUBLIC WILL AND SUPPORT.

ARIZONA THROUGH THE RECENT GALLOP SURVEY IDENTIFIED SEVEN SHARED VALUES AND OVER 70% OF ARIZONANS SAID THESE ISSUES ARE VITALLY IMPORTANT TO ARIZONA.

EDUCATION IS RIGHT AT THE TOP AND 84% OF ARIZONANS SAID THEY UNDERSTAND A SKILLED AND EDUCATED POPULATION IS GOOD FOR OUR ECONOMY.

SO I THINK PART OF IT IS WHERE ARE WE FOCUSING OUR ATTENTION AND WHERE IS THE SOLUTION-BUILDING AND WHERE IS THE EDUCATION FOCUSED AND THAT'S WHERE THE PROGRESS METER IS SO IMPORTANT BECAUSE IT'S THAT FRAMEWORK FOR THE FUTURE.

>> Ted: SO WHERE SHOULD IT BE FOCUSED HERE, BECAUSE, AGAIN, IF THIS IS SO IMPORTANT TO SO MANY PEOPLE AND GOING IN THE WRONG DIRECTION AND NOT WHERE IT SHOULD BE TO BEGIN WITH, THERE'S A DISCONNECT HERE AND WHAT'S HAPPENING?

>> I THINK IF WE LOOK AT SOLUTIONS WHICH IS WHAT WE SHOULD BE LOOKING AT, I THINK WE'VE SEEN A LITTLE BIT OF KIND OF WORKING IN SILOS SOMETIMES.

WE KNOW OUR WORKFORCE AND WORKFORCE DEVELOPMENT FOLKS, THEY REALLY UNDERSTAND THAT THEY NEED GOOD SKILLED LABOR AS SOON AS THEY CAN GET IT AND THE EDUCATION FOLKS HAVE BEEN TRADITIONAL, LIKE WE NEED TO GET PEOPLE, THE EDUCATION BECAUSE IT'S GOOD.

WHAT REALLY NEEDS TO HAPPEN, THESE TWO GROUPS NEED TO COME TOGETHER, TO GET OUT OF THEIR SILOS AND MAKE A PLAN TO HOW TO GET THESE 5 500,000 DEGREES THAT WE'RE SHORT TODAY.

>> Ted: IS THERE POLITICAL WILL TO DO THAT?

>> POLITICAL WILL IS ONE THING AND BUSINESS LEADERS AND EDUCATION LEADERS, THERE'S WILL AND PUBLIC WILL.

SO I'M NOT GOING TO GUESS ABOUT THE POLITICAL WILL.

THAT'S OUT OF MY WHEELHOUSE, IF YOU WILL, BUT BUSINESS LEADERS AND EDUCATION LEADERS NEED TO COME TOGETHER BECAUSE THERE'S REAL RISK OUT THERE AND WE HAVE HEADLINES RECENTLY SAYING THAT WE'RE DELAYING INVESTMENT HERE AND DEFERRING IMPLEMENTATION BECAUSE WE DON'T HAVE THE WORKFORCE.

>> Ted: NOT ONLY STRAIGHT POLITICS BUT GENERAL WILL AMONG BUSINESS LEADERS AND EDUCATION AND IS THERE A WILL TO GET TOGETHER AND DO SOMETHING OR ARE PEOPLE COMFORTABLE IN THEIR SILOSILOS.

>> WE COMPLETED THE AGENDA TO GET AT THESE ISSUES AND WE SEEMINGLY ARE TOLD THAT WE'RE DIVIDED.

OUR RESEARCH CONTINUES TO SHOW WE'RE NOT AS POLITICALLY DIVIDED AND POLARIZED AS WE MIGHT BELIEVE.

EDUCATION IS ONE OF THE ISSUES WHERE WE CAN COME TOGETHER.

SO ACROSS INDEPENDENCE, REPUBLICANS, DEMOCRATS, HUGE SUPPORT, OVER 90% SUPPORT FOR WANTING TO SEE WORK HAPPENING TO MAKE SURE WE HAVE QUALITY EDUCATORS, QUALITY TEACHERS, QUALITY SCHOOL LEADERS IN EVERY SCHOOL.

WE KNOW THAT SCHOOL LEADERS MATTER.

THEY CAN AFFECT THE WHOLE SYSTEM.

MUCH SUPPORT FOR ENCOURAGING MORE KIDS TO GO TO POST-SECONDARY.

WHAT WE NEED TO DO IS LOOK AT THE ISSUES AND WHAT ARE THE REASONS THAT ARE GETTING IN THE WAY AND WHY WE ARE 47% OF PEOPLE?

WHEN WE LOOK AT THE LATINO POPULATION, WHICH IS THE MAJORITY OF K-12 STUDENTS, ONLY 41% ARE ENROLLING IN POST-SECONDARY, SO WHY IS THAT AND WHERE ARE THE BARRIERS AND WHAT CAN BE DONE AT STATE AND LOCAL LEVELS?

WE NEED SOLUTIONS AT EVERY SINGLE LEVEL IN THIS SYSTEM.

>> Ted: RICH, WE'LL WRAP IT UP.

WHY IS ARIZONA NOT KNOWN AS THE ESTATE?

>> WELL, I THINK, YOU KNOW, IT'S PUT YOUR MONEY WHERE YOUR MOUTH IS SOMETIMES.

PEOPLE LIKE TO TALK ABOUT IT AND SO FAR, WE HAVE NOT HAD A PLAN IN PLACE, ESPECIALLY AT THE STATE LEVEL AND HERE IS THE GOALS WE WANT TO MEET AND WE HAVE THIS PROGRESS METER WHICH IS GREAT AND WILDLY AGREED ON AND NOT A PLAN.

UNTIL WE COME TOGETHER AND DECIDE HERE IS HOW TO APPROACH THIS AND HERE IS THE GUIDE THAT WE'LL USE TO INVEST AND THE COMMON SENSE POLICIES AND STRATEGIES THAT WE ALL KNOW THAT ARE OUT THERE AND PAY ATTENTION TO, WE'LL STRUGGLE.

BUT IT'S THERE AND IT CAN BE DONE.

>> Ted: THANK YOU BOTH AND GOOD CONVERSATION AND GOOD TO HAVE YOU BOTH HERE.

>> THANK YOU.

>> THANK YOU.

S >> Ted: NEW BOOK IMAGINES A WORLD WHERE NOVELTY AND CREATIVITY ARE CURRENCY AND CREATORS ARE IN CONTROL.

THE BOOK IS TITLED GONZO CAPTIALISM: HOW TO MAKE MONEY IN AN ECONOMY THAT HATES YOU.

AND THE AUTHOR IS CHRIS GUILLEBEAU.

GOOD TO SEE YOU HERE AND HOW TO MAKE MONEY IN AN ECONOMY THAT HATES YOU.

WHO IS BEING HATED BY THE ECONOMY?

>> INFORMATION FOR HAVING ME.

THANKS FOR HAVING ME.

I JUST LOOKING AT THE DYNAMICS OF POWER AND PERCEPTION OF MONEY AND PEOPLE FEEL IT'S RIGGED AGAINST THEM IN DIFFERENT WAYS.

>> Ted: YOU MENTIONED SOME PEOPLE THINK THE ECONOMY IS OUTDATED OR RIGGED AND HOW SO?

>> WELL, I MEAN, WE WERE TALKING WEREABOUT SOME OF THE EDUCATION PROBLEMS.

YOUNG PEOPLE COMING INTO THE WORKFORCE OR OUT OF EDUCATION AND WHAT DO I GET FOR THIS?

WILL THERE BE A WONDERFUL JOB OR MAYBE I SHOULD DO SOMETHING FOR MYSELF.

AND NOT JUST YOUNG PEOPLE BUT PEOPLE OF ALL AGES ARE THINKING HOW CAN I INVEST MORE IN MYSELF AND CREATING MORE SECURITY SO I'M NOT SO DEPENDENT ON AN EMPLOYER OR THE GOVERNMENT OR CORPORATION.

>> Ted: SOUNDS LIKE ENTREPRENEURS A FOLKS ARE AND FOLKS ARE MOVING IN DIFFERENT LANES?

>> YES, THE SCALE IS DIFFERENT.

THAT'S SOMETHING I WANTED TO UNDERSTAND IN THE RESEARCH OF THIS BOOK.

I'VE WORKED FOR MYSELF IN DIFFERENT WAYS AND FELT LIKE DURING THE PANDEMIC ECONOMY, SO TO SPEAK, A LOT OF THINGS CHANGED.

PEOPLE JUST STARTED QUESTIONING THINGS AND A MOVEMENT OF THE GREAT RESIGNATION AND MOVEMENT OF QUIET QUITTING AND PEOPLE JUST QUESTIONING EXISTING POWER STRUCTURES AND FIGURING OUT WHAT TO DO.

>> Ted: YOU PROFILED DECENTRALIZING AND PROFILED CHARACTERS AND INTERESTING FOLKS.

A TEENAGER, 400,000 BUCK, 400,000 BUCKS, HELPING TO FIND A NAME FOR THEIR KID?

>> YES,.

SHE SET UP A WEBSITE AND HER GOAL WAS TO PAY FOR UNIVERSITY AND DID MORE THAN THAT.

>> Ted: YOU TALK ABOUT PREDICTION MARKETS AND LOCAL ELECTIONS AND TOP CULTURE ONLY THINGS YOU DON'T THINK OF AS GAMBLING AND THAT'S OUT THERE FOR THE TAKING.

>> YES.

YOU KNOW, EVERYBODY KNOWS ABOUT THE STOCK MARKET AND SPORTS.

YOU CAN NOW BET ON THE OUTCOMES OF ANYTHING.

YOU CAN BET ON A RAPPER AND HOW MANY STREAMS HIS ALBUM WILL GET.

I TRIED TO PARTICIPATE IN THIS BECAUSE I LIKE TO EXPERIMENT AND NOT JUST RESEARCH, BUT I'M COMPULSIVE.

SO I PLACE BETS ON HOW MANY PEOPLE WILL GO THROUGH THE TSA AIRPORT SECURITY LANE AND OUTCOME OF BRITNEY SPEARS CONSERVATORSHIP CASE.

THERE'S A NUMBER OF PEOPLE EARNS 50,000 OR MORE ON THE SIDE DOING THIS.

>> Ted: IS THAT LEGAL?

>> IT IS LEGAL.

IT'S QUASI-LEGAL.

IT'S IN FLUX AND ONE CALLED PREDICTIT.ORG AND THEY'RE GOING THROUGH LEGAL ACTION, BUT IT'S LEGAL AND POLY MARKET AND ONE CALLED CALL SHEET.

IT'S IN FLUX.

IN ANOTHER YEAR OR TWO, I'M SURE IT WILL BE LEGAL TO BET ON PRETTY MUCH ANYTHING AND THAT'S IS SOMETHING THAT'S COMING.

>> Ted: THESE ENTREPRENEURS ARE SAYING 9 CLUB 9:00 TO 5:00 FOR THE BASICS OR GET INTO THIS AND SWIM FAST.

>> THEY'RE NOT ALWAYS ENTREPRENEURS BUT PEOPLE, JUST PEOPLE WHO MAYBE DIDN'T HAVE A BUSINESS BEFORE.

MAYBE THEY WERE IN THE JOB BUT THEY THOUGHT, HOW CAN I MAXIMIZE MY TALENT.

>> Ted: AND SOME OF THESE PEOPLE, YOU WRITE, THEY CAN BE REMOTE WORKERS WHO WORK TWO OR MORE FULL-TIME JOBS AT THE SAME TIME BECAUSE IT'S JUST YOU AND YOUR COMPUTER.

>> THIS IS A HOME MOVEMENT CALLED "OVEREMPLOYED" AND PEOPLE ARE POSTING TIPS AS HOW YOU CAN WORK MULTIPLE FULL-TIME JOBS WITHOUT EITHER EMPLOYER KNOWING ABOUT IT.

IT RAISES QUESTIONS FROM ETHICS TO LOGISTICS.

THESE ARE HIGH PAID PROFESSIONALS.

>> Ted: YOU WRITE YOU'RE UPENDING THE RULES OF FINANCE OR IS IT JUST BASICALLY TAKING BIGGER RISKS?

>> THAT'S A GREAT QUESTION.

I'M TRYING TO PROVIDE ALTERNATIVES AND OFFER SUGGESTIONS AND ONE MAY BE TAKING DIFFERENT RISKS AND NOT BIGGER BUT ASYMMETRICAL WHERE THE UPSIDE -- LIKE IF SOMETHING GOES WELL, IT'S SO MUCH MORE THAN THE DOWNSIDE.

SO NOT EVERYTHING WILL WORK OUT, ESPECIALLY IN THE WORLD OF SIDE HUSTLING.

IF IT DOESN'T WORK OUT, THAT'S OK.

I LEARNED SOMETHING AND IF IT TAKES OFF, THAT'S BE OK.

BUT ALSO, IT'S GOOD TO LOOK AT PERSONAL FINANCE AND WHAT HASN'T CHANGED IN 50 YEARS?

IT'S BEEN UPDATED STYLISTICALLY AND WE HAVEN'T SAID, OK, WHAT ARE THE DIFFERENT WAYS TO LIVE AND THAT'S WHAT I THINK YOUNG PEOPLE ARE THINKING ABOUT NOW.

>> Ted: YOU HAVE YOUR ASYMMETRICAL RISK AND INSTABILITY AND WHERE THE TWANE MEETS?

>> BEGIN STREAMING ON A SOCIAL PLATFORM.

IT DOESN'T MEAN YOU'LL MAKE $400,000 NAMING CHINESE BABIES.

WHAT IF THAT DOESN'T HAPPEN?

YOU TRY SOMETHING ELSE.

IT'S CONSERVATIVE IN SOME WAYS.

>> Ted: IF YOU HAVE A MORTGAGE, ONE OF THOSE THINGS HAS TO PAN OUT.

>> THESE ARE THINGS YOU'RE EXPERIMENTING WITH.

>> Ted: IF A GUY HAS TWO FULL-TIME JOBS.

>> THAT GUY IS MAKING $300,000 A YEAR.

>> Ted: THAT'S TRUE.

DOES ALL OF THIS HAPPEN WITHOUT COVID?

>> GREAT QUESTION.

SOME OF IT HAPPENS AND SOME OF IT HAS BEEN HAPPENING.

I'VE BEEN WORKING FOR MYSELF FOR 25 YEARS AND WHEN I STARTED, OBVIOUSLY, ALL OF THE PEOPLE WERE DOING THINGS ONLINE AND I DIDN'T KNOW A LOT OF THEM AND NOW IT'S MAINSTREAM AND EVERYBODY HAS TEN SOCIAL ACCOUNTS AND COVID ABSOLUTELY ACCELERATED THINGS FOR SURE.

>> Ted: ADVICE FOR SOMEONE THAT IS THINKING, HEY, THIS COULD BE FOR ME?

WHAT IS YOUR BEST ADVICE?

>> TAKE FIVE MINUTES AND WRITE DOWN ALL OF THE THINGS YOU KNOW ABOUT, ANYTHING YOU LEARNED, ANYTHING YOU DO FOR YOUR JOB OR CAREER AND ALSO COULD BE A VIDEO GAME THAT YOU'RE GOOD AT.

IT COULD BE SOMETHING YOU KNOW HOW TO FIX OR REPAIR AND SOMETHING YOUR FRIENDS ASK YOU FOR ADVICE ON.

THE THINGS THAT YOU'RE ASKED ABOUT, THAT COULD BE YOUR NEXT SIDE HUSTLE.

>> Ted: AND THAT IS IT FOR NOW.

THANK YOU SO MUCH FOR JOINING US AND YOU HAVE A GREAT EVENING!