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Issue #35
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Sunday, January 6, 2018
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<h2 style="font-family: arial, sans-serif; font-size: 30px; font-weight: bold; line-height: 120%; margin-bottom: 6px; margin-top: 36px;">
<strong>
Why gym memberships probably aren't worth the money
</strong>
</h2>
<p style="color: #737373; font-family: arial, sans-serif; font-size: 18px; font-style: italic; line-height: 120%; margin: 0; padding-bottom: 10px;">
More than half of all gym members never actually go to the gym — yet year after year, they continue to pay for a service they don’t use.
</p>
<p style="font-family: arial, sans-serif; font-size: 13px; line-height: 120%; margin: 0; padding-bottom: 24px;">
<strong>
BY
<a style="color: #ed4d1f; text-decoration: none; text-transform: uppercase;">
Zachary Corckett
</a>
</strong>
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Shortly after the clock struck midnight on New Year’s Day of 2018, Josh Kline closed his eyes and vowed a resolution: He’d sign up for a gym. He’d go every day. He’d lose the paunch and reclaim his former glory.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Yes, he was 6 beers deep and full of carne asada. But dammit, things were
<em>
different
</em>
this year: He was going to do it!
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
A few days, and a few inspirational Instagram posts, later, the 32-year-old New Jerseyan found himself at a local big-name gym, inking a $650 annual contract. Sans the hidden fees, that worked out to a little under $50 per month — a steal, he figured, for 365 days of value.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But by early February, his commitment began to wane. “Every day” became every
<em>
other
</em>
day; every other day slipped to twice per week… once per week... zero times per week. At year’s end, his attendance tally looked something like this:
</p>
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A little too ambitious there, Josh? (Zachary Crockett / The Hustle)
</p>
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<td>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Kline’s story is familiar. “Getting more exercise” is routinely the
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
most common
</a>
New Year’s resolution — and every January, gyms bulk up their staff and prepare for an infusion of fresh blood.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
There’s just one problem with this: Joining a gym, while admirable, is generally one of the worst investments you can make.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The reasons for this are rooted in the way we make commitments for self-betterment, the core business model of the fitness industry, and even behavioral economics. But before we get into all that, let’s take a look at the bigger picture.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Drop and give me $700
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
In the United States, 60.8 million people (~1 in 5 adults) have some kind of membership to one of the country’s
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
38k
</a>
gyms and health clubs and pay an annual, monthly, or daily fee to work out. Collectively, gyms rake in
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$30B+ in revenue
</a>
on an annual basis..
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Membership fees vary widely based on your location and gym of preference, but the industry-wide average falls in at
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
<strong>
$58 per month
</strong>
</a>
<strong>
, or $696 per year
</strong>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
On top of the monthly fee, gyms often tack on an “annual fee” (paid at the start of each new membership cycle), and an “initiation fee” (a one-time dinger that can run as high as $250, due upon signing).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The main purpose of these fees is to give the gym something to reduce to make you feel like you’re getting a “special” deal. In reality, the gym’s out-of-pocket costs to sign you up ring in at a measly $3.
</p>
</td>
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<!-- END BODY TEXT -->
<tr>
<td>
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fgym%2520fees_20190106000623.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXOrq:434y1k2MubD9496iNg9aAJsM0BQ-UlZc5E_s_lQx4QA" style="height: auto; padding-top: 10px; width: 100%;"/>
<p style="color: #5f696c; font-family: arial, sans-serif; font-size: 12px; font-style: italic; line-height: 120%; margin: 0; padding-bottom: 20px; padding-top: 8px;">
Gym fees vary widely on a person-to-person basis, and by location, but average around this range. (Zachary Crockett / The Hustle)
</p>
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<td>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Generally, most of these fees are pretty fair.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
If the average gym-goer were to use a gym 7 times a week, every week, without fail, $696 per year would work out to a measly ~$1.90 per visit. Even at 4 times per week, you’d be looking at $3.36 per visit.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But here’s the thing: We don’t even come close to 7 gym visits per week. Or 4. Or even 3. What makes a gym membership a poor investment is your lack of commitment.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Staying home and eating cake counts as leg day, right?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
A
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
study
</a>
run by a pair of UC Berkeley economists found that while members
<em>
anticipate
</em>
visiting a gym 9.5 times per month, they only end up going
<strong>
4.17 times per month
</strong>
. That works out to 50 visits per year.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Assuming an average session length of 1 hour, the typical gym member is suddenly paying $14.50 per workout. This stacks up pretty poorly with other things we pay a monthly fee for.
</p>
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<td>
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fcost%2520benefit_20190106000726.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXOrq:434y1k2MubD9496iNg9aAJsM0BQ-UlZc5E_s_lQx4QA" style="height: auto; padding-top: 10px; width: 100%;"/>
<p style="color: #5f696c; font-family: arial, sans-serif; font-size: 12px; font-style: italic; line-height: 120%; margin: 0; padding-bottom: 20px; padding-top: 8px;">
We spend 5x more on a gym membership than we do on Netflix per month — and we use it 10x less frequently! (Zachary Crockett / The Hustle)
</p>
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<td>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Why on Earth is this average so low? Well, it turns out that a vast swath of people who pay for gym use just… don’t go at all.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
A
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Statistic Brain survey
</a>
[paywall] of 5,313 American gym members found that 63% of memberships go completely unused. The granular stats are even more dismal:
</p>
<ul style="margin: 0; padding-bottom: 14px; padding-left: 24px;">
<li style="line-height: 120%; padding: 4px 0;">
82% of gym members go to the gym less than 1 time per week
</li>
<li style="line-height: 120%; padding: 4px 0;">
22% completely stop going 6 months into their membership
</li>
<li style="line-height: 120%; padding: 4px 0;">
31% say they never would’ve paid had they known how little they’d use it
</li>
</ul>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
From their data, the survey authors estimate that the average gym member “underutilizes” two-thirds of her gym dues — roughly $39 per month, or $468 per year.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And as it just so happens, our laziness and lack of commitment are the lifeblood of big-name gyms’ business model.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Gyms bank on you NOT showing up
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Each January, when our ambition is riding higher than a
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
SpongeBob wedgie
</a>
, gyms experience a 50% uptick in memberships.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
It’s what one fitness director
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
once called
</a>
“the perfect storm” — a time when “cold weather [and] a psychological awareness about achieving goals” draw out lofty ambitions. But most of these new signees, like our pal Josh Kline, eventually fall off the proverbial treadmill.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
It seems counter-intuitive, but big-name gyms
<em>
don’t
</em>
want us to work out.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
"If gyms operate at more than 5% of their membership at any given time, no one can use the gym,"
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
explains
</a>
one branding consultant. "They want [people] to sign up, but they know that after the 15th of January they won't see 95% of them again."
</p>
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<td>
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Ftreadmill%2520gif_20190106000854.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXOrq:434y1k2MubD9496iNg9aAJsM0BQ-UlZc5E_s_lQx4QA" style="height: auto; padding-top: 10px; width: 100%;"/>
<p style="color: #5f696c; font-family: arial, sans-serif; font-size: 12px; font-style: italic; line-height: 120%; margin: 0; padding-bottom: 20px; padding-top: 8px;">
A vicious cycle (YouTube, via Fox’s “The Cleveland Show”)
</p>
</td>
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<td>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The nation’s largest gym chains often sign up
<em>
20x
</em>
the number of people who can actually fit in a given location. They are well aware that most won’t show up.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
As
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Planet Money
</a>
reported, one Planet Fitness branch in NYC had a max capacity of about 300, but boasted more than
<em>
6k members
</em>
. Similarly, Gold’s Gym and Life Time Fitness often ink 5k-10k memberships per location despite having only being able to house 300-500 people at a time.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
In essence, the people who don’t show up “subsidize” membership costs for those who actually do go, allowing gyms to keep their prices down.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
So, why do we keep signing up?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
As the late economist Thomas Schelling laid out in his
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
1978 paper
</a>
<em>
, Egonomics
</em>
, we have “two selves:” The present self (who is highly motivated to work out come January 1st), and the future self (who will inevitably quit by March). These selves are
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
engaged
</a>
in a “constant conflict between immediate desire and long-term goals.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Oftentimes, the present self will trick the future self into making good decisions by enlisting a little concept known as “
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
precommitment
</a>
:” We commit to something in advance to make it harder — or impossible — for our future self to back out.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
If our goal is to save money, we might set up automatic paycheck deductions into savings. If we want to learn a new language, we might pay for classes in advance. And if we want to exercise more, we might lock ourselves into annual gym memberships.
</p>
</td>
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<td>
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fprecommitment_20190106000942.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXOrq:434y1k2MubD9496iNg9aAJsM0BQ-UlZc5E_s_lQx4QA" style="height: auto; padding-top: 10px; width: 100%;"/>
<p style="color: #5f696c; font-family: arial, sans-serif; font-size: 12px; font-style: italic; line-height: 120%; margin: 0; padding-bottom: 20px; padding-top: 8px;">
And if your goal is to get drunk, you pre-game (Zachary Crockett / The Hustle)
</p>
</td>
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<td>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
As the blog
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Refocuser
</a>
writes, by precommitting, you must “always assume your future self is lazy… you’re practically dragging your future self kicking and screaming toward the ‘right thing’ by taking away his or her alternative options.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Thing is, this just doesn’t work — and it ends up costing most people money in the long-term.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Okay, so how do I work out for cheaper?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
You shouldn’t blame any of this on gyms: They promote fitness and well-being, and, in general, are priced pretty reasonably considering mechanical upkeep, equipment costs, and employee overhead.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Still, it’s hard to justify the cost when the odds of regular attendance are stacked so unfavorably against you.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
One alternative is to simply build your own home gym.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Department of Health and Human Services
</a>
recommends 150 minutes of moderate aerobic activity (or 75 minutes of “vigorous” aerobic activity), in addition to at least 2 sessions of major muscle group strength training, per week. This is easily achievable without a gym membership.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
While the equipment you choose to buy depends on a number of factors, including what types of exercises you want to do, and the space you’re working with, it’s possible to build a relatively space-efficient, full-body setup for the same cost as one year at a gym.
</p>
</td>
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<td>
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fcost%2520of%2520home%2520gym_20190106001022.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXOrq:434y1k2MubD9496iNg9aAJsM0BQ-UlZc5E_s_lQx4QA" style="height: auto; padding-top: 10px; width: 100%;"/>
<p style="color: #5f696c; font-family: arial, sans-serif; font-size: 12px; font-style: italic; line-height: 120%; margin: 0; padding-bottom: 20px; padding-top: 8px;">
Also highly recommended (and free!): Wrestling bears (Zachary Crockett / The Hustle)
</p>
</td>
</tr>
<!-- START BODY TEXT -->
<tr>
<td>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Let’s say you pay the average monthly gym fee of $58 ($696 per year). A home gym, at ~$625, will pay itself off in a little under 11 months; after that, you’re saving $58 per month in perpetuity.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Over the course of, say, 5 years, that amounts to $3,480 in savings — enough to hire a drill sergeant to berate you into working out every day. Problem solved!
</p>
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
And now, a word from our Chief of Staff
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
I had braces for four years in junior high. Unsurprisingly, it was awful. When I finally got them off, the last thing I wanted to do was wear my retainers.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But you know what happens when you don’t wear said retainers? Yup… your teeth
<em>
crookify
</em>
(it’s a word, trust me).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
So after I got engaged, I knew I wanted to look back at my wedding photos without my teeth taking center stage. That’s where
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Smile Direct Club
</a>
came in.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Simple process + better smile = great wedding photos
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
They shipped equipment to make molds of my teeth, I sent it back, and in no time they had created a
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
customized 4-month plan
</a>
for me, complete with 3D renderings of what my mouth would look like.
<em>
Yowza
</em>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
It was so much easier than the experience I went through when I had braces. The aligners came in a box that made it easy to keep them organized and protected -- plus, they were comfortable and totally invisible.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
I’m so happy with the process, the result, and (most importantly) my wedding pics. The best part? That same
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
at-home impression kit
</a>
I got is $79, but you can get 50% off when you use code
<strong>
HUSTLE19
</strong>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Get started with a
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
smile assessment
</a>
. You won’t regret it.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
- Kera, Operator of Smiles
</em>
</p>
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<td style="padding-bottom: 60px;">
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Weekend Recap
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Miss an email this week? Here’s a rundown of our top headlines from the past 7 days:
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
1. WORDPLAY OF THE WEEK:
</strong>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
More like ‘copy-WRONG’
</strong>
</a>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Starting this week, some of the world’s most famous literary works will lose copyright protection, meaning
<em>
The Great Gatsby
</em>
<em>
and Zombies
</em>
could soon be coming to a theatre near you.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
2. OUR FAVORITE:
</strong>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
The USDA lifts its ban on Hawaiian avocados after 26 years
</strong>
</a>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Foodies, get out your hula skirts because avocado toast just got a lot more tropical. After 26 years, the USDA
<em>
Hass
</em>
finally lifted its ban on Hawaii’s ‘Sharwil’ avocados, bringing in new competition for US avo juggernauts like California and Florida.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
3. ‘TODAY I LEARNED’:
</strong>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
How much our founder paid himself when he started the Hustle
</strong>
</a>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Prepare to get demystified… but, like, in a good way.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
4. OLD DOG, NEW TRICKS:
</strong>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
GE, Neutrogena, and Forbes turn to cutting-edge tech to get ahead
</strong>
</a>
</h4>
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5. TECH TROUBLES:
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Apple’s rotten iPhone sales are stinking up the whole economy
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As consumers continue to sour on the iPhone, Apple’s market cap continues to plummet, and it’s doing anything but wonders for the economy.
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5 years, 11 months ago - news@thehustle.co
Gym memberships are a bad investment
This edition of The Hustle was brought to you by Smile Direct Club... smiles delivered to your do...