You wait for it to go to collections, they call you up, okay? They say, what's gonna happen is collections is gonna call, they're gonna say "we need you to pay us $70...", or let's be realistic, "you need to pay us $350 a month, okay?"

What you do is this. This is Nick's technique, I can't take credit for this, although I put my own interesting twist on it. You say: "ah jeez dude, $350? Ah!"

Now these people are used to hearing sob stories all day, so you don't have to feel ashamed for hitting them with a sob story, real or fake, they hear this all day.

What you do is you go: "Ah dude! I just hit my CAAAA, I'm on these PILLS bro, I can't do $350!"

Make a story. Tell them a story! This is one of my tactics now. The longer you keep someone listening to your ♥♥♥♥♥♥♥ story, the better it's gonna be for you.

"That applies in all areas of life"

"Everywhere, everywhere!"

You want something done? Tell a ♥♥♥♥♥♥♥ STORY! You want your teacher to bump your grade up one, up five per cent, tell em a ♥♥♥♥♥♥' twenty minute story. ♥♥♥♥ EM!

And that's the way you gotta think about it, as you're telling the story, you know I'm trying to tell someone a story, I'm trying to come up with a twenty minute story, what do I want to do, do I want to entertain them? Do I want to have a poignant message at the end of it?

No, if someone is standing between me and money, or success, or you know whatever, a bureaucrat in a roadblock position, when I'm telling them the story I'm thinking "♥♥♥♥. You. You're gonna sit here, with me, for twenty-five ♥♥♥♥♥♥' minutes, and you're gonna listen to my SAD STORY."

Okay, so you get this person on the phone, you go: "ah, dude, ah". USE THAT VOICE! They hear that voice all day. They can't tell that you're making this up. "Ah dude, I hurt my leg bro, I LOST MY SHOE! I was out on the street, and I hurt my leg dude, I was in the hospital for days with my leg, and they got me on these pills, I can't afford anything, I can't pay $350!"

The longer you tell the story, you don't even really have to tell a long story but it's gonna be, it will benefit you in the end.

Then the debt collector, they're gonna go: "okay sir, well so you can't pay $350 a month...". (Interrupted by light turning off, resolves situation)

So you tell them a story, okay, and make it painful, you're trying to waste this person's time deliberately, and um, at the end of it, they're gonna say "oh, I understand sir, so you can't do $350 a month, what can you do? How much can you do?"

This is Nick's tactic, this changed my life.

You go like this, you go: "ah jeez, I dunno, uh, three dollas???"

They'll ♥♥♥♥♥♥' let you pay $3 a month, I still owe thousands of dollars. When I first learnt about Bitcoin, I did the crazy move that everybody in my life told me I was crazy, told me I was gonna regret it etc. I took out thousands of dollars of credit card debt to buy Bitcoin. Like $12,000 of debt. Okay? And I still owe that just cuz I haven't paid it off cuz I don't care, cuz I'm paying like $11 a month to owe somebody like $12,000.

And interest keeps going up right?

No, because they're gonna call you in like five years and be like "okay will you settle for half? Can you pay it now for half?"

And then what you do is you go: "ah, I could pay like forty per cent of it right now cash but I only got cash cuz I GOT MONEY FOR THE PILLS! I don't know... I haven't had money in days! I only have four, I got four thousand... What do I owe you? SIX-TEEN-THOUSAND?! Ah dude! I got four thousand now but the only way I can pay it is if I pay off all the debt but that's only cuz I got the pills, that money's gonna be gone tomorrow!"

You make the collections agency think that you have money one time and that it's gonna be gone tomorrow and that this is the only time they will be able to recoup any amount of the debt, they will settle for half of what you owe, like minimum.

But that's not the main point, the main point is that if somebody owed me $20,000, I would be pissed off, I would be borderline having a heart attack all the time, I'd be thinking about it all the time, I would want to kill this person okay? And I'm not gonna do that in exchange for $11 a month. And that's the value you're getting, you're getting a lump sum, or whatever it is, you're getting that big figure for $7 a month.

That's the tip. You tell them a story, they ask you what you can do, and instead of firing back with: "uh I don't know $100 a month?"

No, you're doing $8 a month. That's it right there.