The Jon Sanchez Show

10/21-How to make money as a stay at home parent

Many parents are opting to stay at home to care for their children instead of being in the workforce. The primary reasons are financial as well as personal. But what do you do for income if you are a stay at home parent? This afternoon on the Jon Sanchez Show at 3pm, we’ll give you some great ideas on how to have the best of both worlds…be at home with your kids and make money.

Duration:: 35m
Broadcast on:: 21 Oct 2024
Audio Format:: other

At Sprouts Farmers Market, we're all about fresh, healthy, and delicious. That's why you'll find the season's best organic produce hand-picked and waiting for you in the center of our store. We bring in local farm fresh fruits and veggies bursting with flavor. Come on in to discover everyday favorites like juicy berries and crisp greens, but also unique peak season varieties like moon drop or cotton candy grapes. Visit your neighborhood Sprouts Farmers Market today where fresh produce is always in season. Doin' okay, how are you? Happy Monday. Yeah, happy Monday. Happy Monday and happy only four days ago. Thanks. Three. I'm actually not here on Friday. Oh, that's right. I saw that on the calendar. I'm traveling to see my oldest. Very good. Going to a little slow, huh? Yeah, exactly. That's how I get there, though. He's lovin' it. It's been such a happy time to talk to him. Talk to him yesterday and you can just, he sounded good, so we were pretty sure. Very good. Very good. I love it. Yeah, it's like a chair with you many times. I have a lot of memories at that school. I had a girlfriend there when I was very young, like 19 years old, and spent a lot of weekends over there and know the area well. That's good school, great school. All right, well, let me tell you what, Jason, I have lined up for you today. We're going to talk about this crazy volatile market that we experienced to start the week off, and we snapped our six-week winning streak. We did not close the record on the Dow and nowhere a record on the S&P 500. Dogg on it, but we'll tell you all the reasons why here in a moment. Then we're going to get into our topic this afternoon. This is going to be an interesting topic, and for those of you that are stay-at-home parents, and no longer can we say stay-at-home moms because there is a large majority, I shouldn't say, majority, but a large portion of stay-at-home parents that are now men. I know it doesn't come as a surprise, but for those old school, yeah, it's pretty prominent. I mean, some of the data that I saw represent that 19% of stay-at-home parents are the man these days, and we actually have some clients that do that in, so it is becoming very, very prominent. But what we're going to be discussing with you this afternoon is a situation that we run across a lot, and what prompted me, Jason, to come up with this topic is I have had discussions, and it's just weird how this happens, with two young couples over the last, I'll call it the last week, week and a half right around there, that are facing this exact situation. What we're talking about is finding a way as a stay-at-home parent, man or woman, it does not matter. Finding a way is a stay-at-home parent to generate additional income. So as you're going to learn here, momentarily, after we get the market recap and everything taken care of, it is very, and those of you that know this are going to go, "Yeah, no kidding, John." It is very, very expensive to pay for daycare these days, especially if you have an infant, but even as our stats are going to show, even a four-year-old, very expensive. And we're going to run through some numbers with you. We took a look at what our median income is here in the Reno area, according to the Bureau of Labor Statistics, ones that produce the non-farm payroll data. And what you're going to find is if you've got two kids, an infant and a four-year-old, that are going to daycare. And I'm just giving average cost. And I think, Jason, from talking to some of these young parents, I think the data, the cost of daycare that I'm going to share based upon, again, the research, is actually a little bit on the light side, I think, from what I'm hearing. It actually can be quite a bit more. But we're going to go with the stats that we dug up for you. But just to give you an idea, if you look at the median income in the state of Nevada, and you compare it to, again, sending an infant and a four-year-old to daycare, you're going to be spending approximately 48% of your net income before any other bills just on daycare. So what a lot of you are facing is, okay, I can't afford to go spend a couple thousand bucks a month on daycare. But at the same time, I can't afford just to sit home and not make any money. I've got to take care of my children, but at the same time, my other spouses may be out working or hopefully out working. I need to do something to contribute to the bottom line. So after we go through this data and kind of enlighten you on the challenges that many of you are facing these days, then we're going to come to you with a solution, which is what Jason and I always like to do. And that is, how can we make some money being a stay-at-home parent? How can we make some money? We've got some great ideas, don't we? Yeah, we do, and obviously the changes from the zoomification of work have made it so lots of folks can work from home. I would be willing to guess that 75% of the folks that we talk to on the other end of the line, on the service for many of the annuity companies and financial institutions that we talk to, I can hear dishes, I can hear dogs. I think a lot of people are working out for sure. And it's like you can hear the slippers as they're walking around the room. So that's the nice part too, is that you don't necessarily have to stop your career to be at home for a window of time, because it isn't forever, it feels like forever, I'm sure. But yeah, I was reading the notes that you put together at the top of the page here, and does this create a situation down the line with folks can't afford housing, they can't afford to buy a house, at least they can rent, and you can't afford to have kids anymore. Do we get ourselves in a population situation in the next 10 to 15 years because of inflation, because of the costs of all things, and it's not political, this has been going on for a while. And I think that this is a very interesting topic, not only for the reason that you brought it up, but what are some of the lateral negatives that could really be closer than we think if people can't afford to have kids, and can't afford to have more than it's not going to be 2.1 kids anymore, where the affluent are having four and five kids, you're going to see the other side where folks who can't afford it aren't going to have any. And I think that's the thing that we could certainly run into. Well, you and I did a show, I think it was a couple of years ago, where we're talking about the, remember this is, I remember it was right after COVID, where again, so many women, and I'm going to be biased here because that's what the data showed, so many women did stay at home because they could not find daycare, remember, daycare is reset down everywhere. And so many families said, okay, you know, the wife is going to stay at home, kind of go back to the olden days, where the wife stays home, she's the homemaker, the daycare, the everything, right, the toughest job in the world. And remember, we did that show on, and we had the stats, I don't remember them off the top of my head about how women fall behind on the social security side of things, right? Because if you're out of the workforce for two, three, five, however many years, those aren't years that you're contributing to social security. So I think that's why tonight's topic or this afternoon's topic is so very important because if you are in all of our, most of our ideas that we're going to share with you are self-employed related, you know, a lot of people don't know this, Jason, it's pretty basic, but a lot of people don't know, you are contributing to social security if you are filing your taxes properly, etc, as an entrepreneur. And so yes, you cannot, or you can make sure that you don't follow behind on the social security hamster wheels, I like to call it, still put money in there, still have money for your family and still take care of your children and so on and so forth. And the other thing too, folks, that Jason and I run into all the time, there's a self-worth also. I mean, think about this for a second, take a hard working, now I'm just going to pick on women, just for the heck of it. Take a, well, you know what, it doesn't matter, take a hard working man or woman and you take them out of the workforce. Let's say whether they're college educated or not, let's say most likely they were out working before they decided to have a child or children. And so you take that person who was, you know, as they feel from a self-worth standpoint, an active producing, income producing member of society and then you go, hey, guess what, you're now going to be stuck in these four walls raising that child while your spouse goes out, continues to grow as a professional and as an individual because they're in the workforce and they're dealing with people and they're using the brain. And then you, like you were saying about the slippers, I see this all the time. All of a sudden, you know, the person's health starts to deteriorate, their self-worth starts to deteriorate because they don't feel like they're contributing to society. And there's, that's all, you know, in between your two years and we'll kind of go over that a little bit. You don't have to feel that way. We know a lot and I have a lot of personal friends. We have clients that just absolutely love being able to not have to go to an office every day, but yet start one of these businesses or do one of these, these, you know, home-based businesses. And they kind of feel like, you know what, I've got the best of all worlds. I can get my kids to take care or I can get them to school. And at the same time, I can sit down and I can focus. I don't have to commute. I don't have to go spend, you know, an hour at lunch and $30 at lunch. I get to sit home, be really effective, make money. And I just feel like a complete person. So it really just boils down to, again, a matter of personal preference, what you like. But what we found is, or find is a lot of people just don't know what to do. They feel stuck when they're, when they're at home taking care of children. So that's why we wanted to create this topic is how to make money when you are a stay-at-home parent. And again, folks, it is no longer a woman's world staying at home. Like I said, a lot of men and it's growing, growing, growing are able to do this. And they do it for choice. Sometimes when a spouse makes a lot of money and the other spouse, you know, did not make as much. So they look at it from that financial standpoint. But the bottom line is, daycare costs are not going anywhere. They're not going down. They're only going to be going up. And I think you're going to find today's topic really, really enlightening for those of you that are in this situation, which I think there's a lot of you. All right, my friend, let's get to, let's get going on the market recap. We've got a couple minutes here. Well, recap wise, interest rates are starting to freak people out. And I like that. That's a good way to put it. You've got a move. I was just sitting with some clients a few minutes ago, and we were looking at the chart of the 10 year, basically the day that the Fed cut was the low. And you've seen rates increase about 65, 68 basis points now off of the lows. And people are asking, what the heck does this mean? You can really paint it with a couple different shades. I think you can, we talked about on Friday that the Trump trade is being priced into the market to a large extent, depending on which pundit you want to listen to. Remember, the market tells no lies. You know, the Trump win could potentially be more negative as far as the debt situation is concerned domestically. I think you've got the fact that on the flip side, if you wanted to be rose colored glasses, you could say too, that if a Trump trade is may hurt the debt, but could benefit the economy in terms of productivity, etc. That could potentially be inflationary. I think people have sort of concerned that side. You've had gold and silver in some of these areas that have been ripping. I keep saying look, the dollar is going up too, so you need to pick a side. Gold is not going to go up and the dollar is not going to go up together. And the dollar has been moving up because interest rates are moving up. Remember gold, silver, they like real rates when they come down and they're not doing that right now. So keep a close eye on things. But a short story, it is, it feels like NVIDIA just keeps continuing to climb this wall of worry. That trade to me seems frighteningly crowded right now, almost mechanical to the way that it keeps going up every single day. But, you know, that it's the winners kind of continue to win. Microsoft did well, Apple did well. We had some earnings that the healthcare sector can't get out of its own way, sign it down again off of a week reports and with the takeover of Humana, that was sort of a negative. But I'm keeping an eye on rates. I think we've got another, looks like about, we broke out of resistance. We probably got another five to seven basis points before we hit the 200 day on the 10 year bond to the upside. But it feels very, very oversold on bond prices over whatever up is on rates over bought. But, you know, the market certainly was paying attention to it today, as the Dow was down about 80 bibs. Absolutely, great job. All right, we'll hit some of those movers when we come back. Let's start over to Kristin Snow in the right now traffic center. Kristin, happy Monday. How you doing? Welcome back to the John Sanchez show on his talk, 780 KOH with Jason Gaunt. All right, before we get to the market in our topic, which again is going to be how to make money as a stay at home parent. My mixed reminder is to go see my friends over at S&W attractor. They have got such a great inventory right now, small coyotes, to the big ones, everything in between and all the implements, their expertise putting the package together so that you have something that will last you for years upon years and take away some of that back breaking work you need to do on your property. They're located at 4880 East Nye Lane in Carson City online at snw attractor.com and their phone numbers 882 1225. That's 882 1225. All right, it was a wild ride today on the Dow Jones Industrial Library. It's got a little bit of buying going into the close, but not much. We finished down 344 on the Dow, a 0.80 loss to 42,931. Now as I geeked out a small gain of 50 points, 0.27% S&P down 11, just a fractional loss there. On the big mover side, Jason mentioned a video boy, what a day to buck a week tape up $5.71, 4.1% gain to 143.71 Microsoft 62 cent increased for 1878 Apple up $1.48 to 3648 among the influential winners there. Jason also mentioned about the healthcare stocks. This is one of the tough areas of the day. Signalled down $15.77 about a 4.7% loss. This came about after Bloomberg reported that there in talks to take over Humana, which on the day lost a two and a half percent or $6.57 to $2.60.57. And then maybe some good news, Jason on Boeing. This came kind of as a surprise, but it looks like the Union Machinist Union, which of course has been on strike for quite some time. Now it looks like they've come to a quote tentative temporary agreement. I guess you can call it. They're going to vote Wednesday night to get back to work. But boy, boy, moved on that news at $4.82, 3.1% of 159.82 and UPS down $4.60, 3.4% loss to 131.33. Let's go over the sector side. I think this very indicative of how broad base the weakness was today. What 10 out of the 11 sectors were down today? I mean, IT was the only one that was up. Yeah, that's real estate lagging healthcare staples, right? Interest rates. That's what's hurting all of those areas. The fact that the 10-year keeps rising, it's got some people perplexed as to, hey, I wanted to refi, I heard the Fed was cutting rates, and guess what? It's gone nothing but the other way. And I think that that's not to be surprising, that the market tends to overshoot and the market had priced in what darn near two and a half percent of cuts initially. And it's backtracked a bit, but I still think that rates are lower over the next year. It's just maybe you've overshot a bit, and we need to get more data, right? As we get into obviously post-election, that will cause a bit of change, I would imagine, regardless of the outcome. But the policies and the concerns of debt continuing to lift despite either of their economic projections and economic plans, I think it's part of the reason that it's a safe trade, right? It's a Drucker Miller run last week, Stanley Drucker Miller runs a family office, incredible investor, but made comments that his biggest bet right now is this, to basically negative on US treasuries, to the tune of about 20% of his portfolio, just for the reasons that, right, that not something you want to hear. But it makes all the sense it seems a fairly safe bet, given that nobody has any plans to fix the debt. They just want to, you know, continue to spend, so. I wonder if anybody ever will. I wonder if anybody will. Fix the debt? Yeah. I really, really expect in the next five to eight years we start hearing about a flat tax. I really do. Yeah. I know that there's the pushback around folks who are on the lower end of the economic spectrum, technically feeling the pain more than someone on the other side, but I would expect that people who pay 15% at making 10 grand a year, knowing that people who make, you know, a billion dollars a year paying 150 million, you know, it clearly would change a lot of the way that people, you know, start businesses and so on and so forth. But, you know, something needs to change. Clearly, whatever we're doing now doesn't work. So, trying to figure out another plan to fix Social Security, to fix some of the entitlement spending. As you get some radical, and I don't mean that in a negative sense, but some radical, you know, new person running for, you know, presidency, it'd have to be, I guess, that would just come in and, yeah, again, radically change the way things are done. But no, no one I think would take that risk, right? They just wouldn't get the votes. I'm not getting elected. Yeah, I'm not getting elected. If I say I'm going to cut Social Security in my care and defense spending and you're not going to have a job, you know, so you have to table it somehow with something creative and it would probably be along the lines of a more centrist candidate, right, that is able to truly navigate both sides. But unfortunately, that's that pendulum instead of moving towards the middle is just moving towards the extremes every time and so. But we're not a political show, John. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, not at all. Hey, before we go to break, I don't want to bring this up. Since you're talking about interest rates, just look to mortgage news daily. 14 basis point increase on the 30 year fixed mortgage right now, 6.82%, 6.82%. It's not going to take long. I mean, a couple more days like this, we're back above 7%, man, 7. Remember we peaked out at 8% in August or excuse me, October or no, what month was it? Yeah, it was October of last year. We hit 8%. And then it looks like I think we touched, yeah, 6.35 right around there. And that occurred on September 30th of this year. So look how far we've risen to your point, you know, 50 plus basis points just, just, you know, in a couple months, it really is just just wild, just absolutely wild. All right, now when we come back, we're going to move into our topic today. How to make money as a stay-at-home parent. We're going to start off with some statistics as to how much money the average person here in Nevada is spending just on daycare. And we'll talk about that. And then how valuable, excuse me, valuable, tried to say, how valuable you are from a monetary standpoint when you stay at home and you're a parent. You're worth a lot of money. Let's just put it that way. And then we're going to get into our solutions of how we can make some money staying at home as a parent, taking care of our kids, but at the same time, put a little bit of money in the family checking account. We'll cover all that when we return. Let's turn it over to Greg Neff. He's got news traffic on weather. Hey, Greg. Welcome back to the John Sanchez Show on Newstalk 780K always. What Jason got. And myself, he has a quick reminder. If you missed any of our shows, don't forget, you can pick up our podcasts. We have hundreds of them available. It's your favorite podcast distributor, iTunes, Spotify, you name it. We're out there. Help yourself. We finished down 344 on the Dow, gained 50 on the NASDAQ and has 10, excuse me, 11 point loss, excuse me, I'm rounding it up, 11 point decline on the S&P 500. Time to get into our topic. How to make money as a stay-at-home parent. So bear with me. I'm going to go through some stats because I want everybody to have an understanding of how much it costs nowadays to raise a child. What you're worth by staying home to take care of your child. And then most importantly, we're going to get into some areas of opportunities, how you can make some money to contribute to the family bank account when it's all said and done. So let's start off with some statistics, Jason. According to the BLS, which those of you not familiar, that's the Bureau of Labor Statistics, the same government organization that puts out the non-farm payroll numbers that Jason and I cover every Friday. So according to the BLS, the median wage in Reno, as of May of last year, is $29.80 an hour. Now I did the math for you. That works out to about $61,980 a year. So let's just round it up $62,000. But watch the math here or listen to the math. So if you're making the median wage of $29.80 an hour, let's say you work 40 hours with, I don't know about you, Jason, but I'm hearing this a lot from people also. They're not getting 40 hours anymore. They're getting that 37, 38 or I think it's 36 to 37, then the employer does not have to pay benefits. So just another topic there. Okay, so $29.80 an hour times 40 hours. That's $1,192 gross income per week. Okay, let's just back out a very realistic 20% taxes. So that's about $238. So now you're netting $954 a week, or about $3,816 a month. Now let's get into our stats. Okay, this is according to the child wear of America, that Nevada is among the 10 most expensive states for childcare in the entire country. Let me repeat that. It says of 2022, we are among the top 10 most expensive states for childcare. The average cost of a center based infant care in Nevada is $12,444 per year. So that's about 1,037 a month for a baby per month. The average cost for care of a four year old is $9,705 per year. It's about $808 a month. And on top of that, there are very, very long wait lists trying to get a child, especially infants, into any type of daycare. So let's go back to our math. Like I said, you're netting about $3,816 a month. Well, if you have an infant and you have a four year old or a toddler, we'll call it. Watch the math here. The average infant daycare, like I said, is 1,037 a month. Therefore, an infant represents 27% of your net pay. If you have an infant and a four year old or a toddler, it would cost $1,845 a month, which is 48% of your net income. So think about that for just a second, folks. You're making a decent living, right? Almost $62,000 a year, but yet you're losing almost 50% of your money just a daycare, not to mention rent, mortgage payments, whatever you have, and the rest of everything it takes to live anymore. This is why, as Jason and I go through each and every week and day and so on and so forth, people just don't have a lot of extra money. So what do we do? Well, we got to find some licensed daycare. First of all, in 2021, only 37% of Nevada's population lived in an area with enough licensed child care providers to meet the demand. That's according to the Center for American Progress. So there's no daycare, very few of it, especially if you're in a rural area. So again, what do we do? How do we provide for the family? So now we go on to, first of all, before we start giving you solutions and talking about how valuable are you if you are a stay-at-home parent. Now, I always say, Jason always says, and all of you know it, especially those of you that, you know, have had the great fortune that you get to go out and work and, you know, your spouse stays at home. You know, that is the hardest job in the world. But there's actually a monetary value to this. So stay-at-home parents of two children in the United States, do roughly 200 hours of cleaning, shopping, cooking, child care, and other tasks each month. That's according to the Biki Biotech Institute's report. Shows that labor would cost between $4,000 to $5,200 per month to outsource and a handful of American cities. So $5,000 a month, especially if you're in some of the bigger cities. Outstanding cost, right? An average parent of two children spends 19.9 hours of cleaning per month, 23.7 hours cooking, 16.8 hours transporting children, and 22.9 hours planning, scheduling, arranging activities, or doing other household administrative tasks that study found. Researchers then found how much it would cost per hour to outsource these tasks in each city and found the value of a stay-at-home workload to be $1 million. That's how much it would cost, on average, $1 million to outsource the work of a stay-at-home parent for two over the two children over the course of 20 years that it takes to raise a child in six American cities. San Francisco, New York, Washington, L.A., Houston, and Chicago, according to the study. Yeah, it's scary, isn't it? Just absolutely scary. So the dad is there, folks. It costs a lot for daycare. Again, we're talking almost $2,000 a month for two kids, one a toddler. Your time is worth between $4,000 to $5,000 if you stay in at home. Obviously, you lost that when you got out of the workforce to take care of your children now. You've got a lot of things going against you. So how do you do it? Either you've got to decide to stay at home, and then you want to contribute to the family household, or you've got to figure out some way to stay at home and, again, to make some money to contribute to the family coffers. So, Jason, let's start hustling through our list. Yeah. Folks, this really requires, before Jason and I go through this, let your imagination wonder, as you always hear me mentioned and Jason mentioned, when we start talking about home-based businesses, we have never, ever, ever been in a better time to create home-based businesses, whether you're doing a business or you're jumping on somebody else's coattails, to make money at home, then we are right now. Thanks to, like Jason said earlier, Zoom and so many other great technologies that we have, right? So anytime you think, "Oh my God, I can't do it," you're wrong. Open your mind and get out of your comfort zone, because there are so many great ways that you can make money. Start with number one. Even before number one, I think of when a prep is to say, "Check with the existing company that you're work for, too," and ask if your job can be remote, right? That's something too, especially given all those things John mentioned. If your company's not built, or you can't work from home, odds are your company pricing is going to be around very long, right? They need to figure out processes that allow for folks to just as seamlessly work from home, and I'm sure lots of them figured it out during COVID. But before we get into any of these ideas, try that one first just to see. Because like you said, you take a step back, you're also missing out on years where you're not seeing your wage growth just as a function of getting better and more specialized in your job. But number one that is on this list here is talking about selling or reselling items, right? Lots of folks who have used e-commerce, Facebook, eBay, Craigslist, Etsy, all those sorts of items. Again, it takes an entrepreneurial spirit, but there's probably certain needs out there that you may be able to through your specialized, maybe you're into guys from thinking of specialized car stuff where you're able to aggregate different parts and things that are needed for certain autos that may be tougher for people to find. I mean, that's just a simple, simple idea, but there's lots of folks that do that. They go out and buy and sell and sit there in the middle and collect a spread, and if you can do that all day long, you can make a lot of money doing it. It's crazy how much people make off of the eBay. Let me share with you a real quick personal story before we go to break. I want to buy something. This happened over the weekend. I didn't get a chance to even tell you yet. I wanted a mountain bike. I want to get out and start riding more. This happens every time I want to buy something, and I don't like to buy anything new if I don't have to. I can never find what I want. I typically go to Craigslist. That's my go-to place, but my wife has this unique capability to scour Facebook marketplace in Craigslist and so on and find things that I could sit there and search Jason on my kidney for weeks, and she can find it like in an hour, and it happens again this weekend. I found a used mountain bike that looks like it's brand new that I went to a bike store and priced it, knew it was about $4,500. I got it for $600. I mean, we're talking full suspension and everything. She found it on Facebook marketplace. I couldn't find that. Here's an idea, the reason I'm telling you this story. There's a service out there, folks, for busy people that you could say, "I'm a great person on the internet like my wife is of finding things," and you go to them and you go, "Go find me a mountain bike. Go find me a used toaster, a used car, whatever it is." There's people that have this knack to do that. Again, with technology nowadays, how much is that service worth? Like Jason said, they make a little spread, give them 5% or whatever it is. That's just one of millions of ideas you can do to create income selling or reselling items. I'm all over that one. That's cool. Yeah, exactly. All right, let's wrap it up with Kristin Stone, the right now at Traffic Center. Welcome back to the John Sanchez Show on News Talk 780K, which Jason and I have been talking about how to make money as a stay-at-home parent. Jason, take on 0.3 and 4. Yeah, well, I mean, I think these probably could go together, too. Number three is starting a blog of some kind, something where you have a specialty that maybe through work or prior life experience is something that you can look to create with something with followers and you can advertise on blogs. Same thing as if you have a skill set that you think is leverageable into others. You can do online courses. Udemy's one, teachable pay creators will build all kinds of online courses that people will pay for. I know it sounds like a stretch, but lots of people do have specialties from their job that probably folks would pay for that experience. And then from there, you can do all sorts of things. But these are all media venues that really weren't there. And now with the change of technology, blogs, online courses, et cetera, are all something that people are doing more and more. People are amazed how, obviously, how easy it is to write a blog. Number one, if you have something you're passionate about. But what I see, Jason, and it's a little bit tougher for my generation than probably even yours, but we need to go maybe to our kids' generation, is how many thousands of followings a person can get over what would normally be kind of a non-exciting topic, like life on a ranch or what it's like to live in a city, and people just get thousands of followers. And remember, folks, I call it the Apple ecosystem, right? Why is Apple so successful? Because they get you in the ecosystem, right? You buy an iPhone, they say, you know, you're buying an iPad, and then a MacBook Pro and on and on and on before you know it, you've got multiple products. It's the same thing when it comes to the internet. If you can get a following, it doesn't matter whether it's a blog and online course or the point I'm going to mention, a YouTube channel, as long as you can get enough people to follow you, you can make money on it, right? And that's, again, like the Apple ecosystem, I like to call it. So the YouTube channel, this is something Jason and I are just beginning to work on because this really folks is the future. You know, you hear me talk about when I remind you about our podcast. Well, stats are now showing more podcasts are listened to on YouTube than Spotify, and I don't know if it's more than iTunes, but I think it's really, really close. This YouTube is the wave of the future. I don't care what you say, it is the wave of the future. So you can create your own YouTube channel. Now, you may think, well, who in the world wants to follow me? Well, again, depends upon what you have. But the great thing about YouTube is you can make a lot of money if you have followers, right? So you can make money on advertisements. You can make a percentage of subscription fees from the YouTube premium member views. If you have 10,000 subscribers, you now can get what's called a merchandise shelf or you can start selling products. You can get paid membership if you have at least 30,000 subscribers or super chat, which allows users to pay to display their messages during live streams. The list goes on and on and on. Once again, don't think that your life is not exciting enough to garner a large audience with YouTube. And again, once you have a following, people will buy pretty much anything you want from them, right? Or buy from you. And so think about that again. What does it cost? I don't know, Jason, you know, what does it cost to set up YouTube channel? I mean, YouTube's nothing. Yeah, it's just a matter of getting followers. Yeah, exactly. Yeah, exactly. And nowadays, of course, with social media, I mean, I am a rookie when it comes to the stuff. And Jason's much better. And then our marketing director Bailey, she has all that stuff down pat. But it is exciting time, folks. And so again, to summarize, if you are a parent staying at home, you feel like you're out of the workforce, you don't feel like you're contributing. Well, remember, you got the hardest job in the world worth at least $5,000 a month. If you want to make some money, take a look at all these ideas that we have for you. There's a lot of great opportunities that are there. That's a lot of fun, Jay. Thank you so much, everybody. We'll do it again tomorrow on the John Sanchez Show. God bless and have a great evening. This program was sponsored by Sanchez Wealth Management. 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