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And I is big business including honeymoons the registries and the rings and well the honeymoon industry believe -- -- -- estimated at 74.
Billion dollars -- today we're look at the whole picture from the companies but I'm making money off of matchmaking.
-- the man behind so many unforgettable proposals.
So what happens -- it all just doesn't work out so common traits and we begin with one of the biggest names in weddings Carly -- Is the editor in chief and co-founder of the -- dot com welcome -- so Carly.
I could have I think this is big business sitting whether you you're a guy like me you fear weddings a -- -- the -- for you that's realm of being in them or going to them.
What what about this the business in general it's still -- is.
It is still -- -- great thing about weddings is there extremely recession resistant no matter what if in that time in your life you are going to get married.
Even surveying our couples and yet and ten brides actually used to not dot com our network of sites.
And even serving -- from multiple years and there is not much decline happening in the overall spending.
And 85% between 20082009.
Really very little and -- you know.
36 billion dollars being spent on the day of services themselves.
Thirteen billion dollars being spent it on wedding -- -- this is a massive industry with a lot of different categories from cattle to retail.
If that's a lot different -- industries I think it's holding anybody -- It held up because you.
You're growing through at all as well people are out of work they can't pay their mortgage and yet we can still find the money to spend three grand wedding -- I think the reality is it's actually on the 11100 dollars in spending on the wedding guests and that is that there isn't a great -- to have at every price -- -- what we're finding is that.
This is something people in planning for for a very long time.
And they're not going to suddenly not -- their closest friends not to think just cutting back here and there.
They're cutting out you know favors are doing and doing it themselves there you know taking -- taking -- -- was down a tiny bit -- Five and 10% of all these different little areas and it's not adding up to an overall plan because -- -- going to have this event.
It is important family occasions and miles on that same with the eighty's which the -- has already extended into his well because another event it's a must buy event in people's lives that's their business is about.
Are you seeing a change in like destinations for example rather than it is.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Friends and family come from Atlanta New York -- to get there you have the wedding and say.
I don't know it they Caribbean.
I'll listen to what do I make a vacation -- and become the -- Well -- -- conflicting opinions on a destination weddings were huge in the past couple of years because people did just that you don't marry the guy next door so why not go to.
You know why not go to Hawaii or the Caribbean and -- says -- now that's hometown middle of the country.
So attacking people are very sensitive about that wedding guests right now as well they don't Monday putting additional burden on -- so.
We are finding their due choosing domestic locations more so than new definition -- locations are places like Florida.
-- and California.
By the new growing locations even places like Nantucket because they're closer to home -- -- staying in the -- in that country a little bit more -- still popular Jamaica and Hawaii are so popular on the coast but yet the cost of the national average but just floors me 218000.
And you know and that's definitely the honeymoon and it's not -- 5009 and that really the percent change between LA on nine and all the individual items.
It really -- and some even Kris.
He really isn't much what we're finding is the way people are financing is changing.
Still mom and dad are financing years ago the couples all now -- -- -- that -- expectations of weddings or change they had they're seeing these great weddings on TV.
They're going to their friends fantastically they don't follow -- expectations and they're finding the money elsewhere and all three family members are pitching and mom and your parents the -- parents and the couple themselves and their patching it together in different ways.
The -- staying engaged little bit longer.
So that they can actually have more times to save the money to have the weddings that they -- They mildly pitching -- but one thing I noticed in the notes yet common theme here.
And here's a quote yes some cities states brides are actually spending more on their weddings the -- are spending the money getting ready getting it from different sources say but that is that's still the -- -- -- -- sort of like.
With whatever makes you happy hunting whenever anything happened honey on them.
It what -- happen if the rain to change they've shifted to the couple the parents have much less control the -- or stealing there.
And that is their money at hand -- -- -- overall I think the industry change -- people want more control.
We just want to service wedding channel dot com that the world's largest wedding review engine because -- one make sure that they're spending their money right they wanna hear from every other bride.
We use that service and make sure that it get -- get value for their money.
On the same along the launch another new product recently -- different C 360 because I want control of where they're -- -- don't wanna have to it.
Speaking issues don't have it all on one -- US and simplify the process for themselves and for their gas to their sensitive.
But they wanna be efficient and they -- -- be a 100% in control they don't like a reputation that brides are -- house somehow kind of nigh eve.
And -- spend whatever anyone tells -- they're doing tons of restarts.
And making sure that they are planning very efficient me.
Speaking of research there how are they getting their information I mean you lost a magazine when the magazine industry's collapsing.
They still come to the website but now they want they want a hard copy until it's very interesting this is one of their categories of people are not only has growth.
On the Internet you know pretty much -- -- Max and 95% of people use the Internet and their weddings.
But then that -- people using actual magazines has remained absolutely consistent over the past four years -- There's still that 80% of people who rely on magazines as a part of there.
Wedding planning process so yeah -- magazines doing very well it you know targets.
A nice affluent bride who is he still has the money to spend and gives -- information she needs -- -- -- It's big pictures he can't you know -- -- can't do that on the Internet -- different sound.
-- -- -- of the fact that you have the Internet magazines television shows and television shows are blowing up yes I mean that's obviously changed things as well I -- it used to be where you relied on your sisters and your mom -- tell it what you're doing with your wedding and now you've got as much information out there isn't as you can get your hands on.
And -- -- it is is that one of the reasons led the industry is still resilient is marketers out there are -- leave the company has been doing so allows marketers out there.
They need to be where the money is spending who else is buying a diamond ring right now who else is taking a trip to Hawaii who else is buying a home buying a car.
This is really the category and so.
And people are also looking at other areas are -- thing for them -- any event business in the corporate business has dried up they're shifting -- spending of their dollars and actually protected us as a company.
Against the overall kind of issues related to people's personal credit as as we have on this we have to run but had it.
Second wedding industry helped at all people ability to three and umpteen million it is certainly -- -- had -- flow because otherwise only 2.3 million couples get -- in this country has been the same for ten years is not there's very little that's gonna change that.
Besides you know things second reading -- -- -- street actually helps the winning and you -- again it all about it.
The wedding industry has adequate those -- I had yet to bring this up that you are put together chart -- it you know let's hear about the greatest spending seed beat a way to -- nine degrees the -- Was in the rehearsal dinner.
Again people going to -- sonic or you know white castle for the last night he has a total waste of.
They're going super casual that management has been -- I -- guests want that anyway and -- and that's you know a lot of the -- I think people wanting to more comfortable and comforting them -- get up.
Rehearsed what about him now can't do that we -- eating and drink more basic -- by the party collapsed.
Thanks for having me.
Coming -- editor in chief and co-founder of the not that -- -- take a step back.
Before you get married you got to meet somebody and anybody who's been out there -- my reasons.
Knows it's not it's -- It -- Saturday and it.
It dealt -- -- no picnic that -- In fact -- -- -- has turned into a money making opportunity for companies that claim they have the secret formula line X gets behind one of the more innovative approaches.
Combating the CEO and founder of an eight minute dating I love this -- Chris laughed but hits was -- -- -- favorite -- I love that you know anybody I think it would both like I have an eye on.
I'm just not a very young girls need to date in things that tell us salad -- this is this is speed dating.
Exactly outrage today dot com and that we have a great -- that one on nine.
And so basically -- where where did you go to our web site to register -- event in your area.
And we always -- an equal number of men women so at a minimum there's going to be a man and a women.
Grow our larger that there might be demanded that -- women.
In either case you're happy pre design dates each of them for eight minutes and after the event everybody goes back our web site.
-- and it entered the names of the people who they elect the again whether or a second date.
Or friendship or hurt business.
And any time you people -- each other -- in the same category crews and match.
And that's one of the things that -- our beds so appealing to people is that it is low pressure a lot on -- social evening and 90% of the time people -- be at least one person doesn't like the again.
Yeah and you have these -- bars right so people can get Yunel.
Good lick it up before they -- this right.
Well -- tell you that's a great idea.
We do definitely have cat art that the events.
The people can relax and and socialize.
Probably -- your not going to result QB -- that reviews.
About let's -- -- but the one thing -- like about it this specially a living here -- -- -- dating is unbelievably expensive I mean.
You go out to dinner eagle out to a show.
You better not go out -- to show -- you really like this person is we're talking -- hundreds of dollars here.
The cost is it's very cost effective and you could you keep going back multiple I think you really don't have to come out of pocket a whole lot.
Exactly -- -- and -- being.
In New York it's 3995.
That's less than five dollars per day not in other markets -- 35 dollars.
And we -- you got to have better value than dating industry.
And I should note that.
If people are watching make it enter fox and the coupon code -- get an eight ballot is that right though that there's no I don't Fox Business.
What exactly box business we created a coupon British show carried on it I think.
I think that so yeah -- dollar golf event you sign up or.
We've never had a coupon were honored I can tell us where are you you -- -- and -- not just in New York.
No we have the events that take place in cities all across the country rehab.
Yeah we're good independent contractors then run our events we call -- -- event organizers.
And we have a good.
I'm not gonna website -- that.
They and how.
All the tools and support they need to set -- provoking holy spirit -- their local markets.
And obviously we provide feedback and you know servicing -- them.
Tom you're coming up on ten years in the speed dating business.
Mean that you were the first ones onto the scene how much has it changed how much of the competition really picked up -- what you gotta do to states that they have.
Well -- -- -- -- -- when we started we were pretty innovative we were one of the first ones out there doing this on the Internet really done expanding nationally.
For a short period of time back in about 2003 you are probably two or 300.
Speed dating website throughout the Internet.
Almost all of them had disappeared though we -- continue to sustain our business.
And it you know one of the things that I think they are our best hope you have people is that it's just.
A normal comfortable social evening.
And it and it -- they're great value as well.
One of the things that we're seeing in terms.
Is speed dating online using video cameras.
The nice thing to do but.
There's certainly it chemistry that you get quite fitting in person -- somebody -- how you want a long conversation brightness.
You know an eight minutes we be.
They gave minutes of the great about time to figure out if you really do want to see somebody again.
-- about it nano second you get up and decide you don't want to see somebody again.
But -- eight minutes.
You know you have enough -- you decide you're going to talk with one another and we encourage people that it did it feel like -- -- -- -- -- good flowing conversation.
I'll get that happened well that -- again.
-- -- look success they have you had.
Exactly and so that's one of the great things although we do because there's no surprise on that second day you've already met in person.
-- -- online dating in reverse because.
We're obligated to have you just exchange pictures then.
You know set up higher expectations than you have that aren't meeting.
The chemistry just not there.
In our case.
You meet in person -- -- established that you're attracted to one another you're good talking with one another -- 90% of the time.
People really want person when they -- -- that second date they're going to have a nice time.
And if you go to our website right now you know all hated to -- cult success story we've got long long list of people who have met got married agreement dating.
Outstanding Tom thank you very much the coupon code is Fox Business.
Go to the website eight minute dating put it and you get eight dollars off an event a medal here in the locally cost 39 out of five anyways so it's a big savings and -- great -- -- -- -- -- the giants.
Thanks fire and this that there aren't built 90% of the people find somebody you know have pretty and does for me all right top -- -- CEO and founder of eight minute dating when we come back.
So up you've met someone.
Next it's time to -- the rotten.
We -- to the CEO of the largest online retailer of diamonds in engagement rings next.
On the back -- -- eleven match this -- it will and it started in 1999 Blue Nile was a -- selling fine jewelry and diamonds over the -- that was crazy.
In a decade since it has grown into the largest retailer in the space.
-- -- isn't -- in -- box of president and director of mount online jewelry and she joins us from Seattle.
Fans so great to have you this story I don't bonnet for the last ten years it it amazes me.
That people are buying diamonds off the web basically site and -- how do you do it.
It's very particular providing such a great value to our consumers we -- for sale on our website over 65000.
High quality independently certified diamonds.
That are customers can choose from they can become completely educated about the product and we're selling these diamonds because of our online model.
For twenty to forty or even 50% less than the price you pay into a store.
And you can then select from over several hundred settings -- settings on our site.
Our Jewelers will then customize the ring for you.
And -- delivered -- -- FedEx within one to three business days of having placed orders I think consumers.
Love this way of shopping not only for the breadth of selection.
But for the education and of course for the value they're getting.
The highest quality diamond.
-- so much less and I think it's really just become the Smart way of shopping for this product and you have consumers who feel that they're not knowledgeable enough about the product and they don't feel comfortable going into a store and so it's really become.
The way for more and more people to shop as online adoption has taken place.
Trust me we and I had to tell you it is that we know nothing about the products we have no life and it's one of the most nerve racking.
Purchases of our lives and I I for one I don't believe in the you have the fiance of the bride to be come along and help pick out the ring I think that the mail -- pick it out 100% in surprise.
This guy is getting -- what you -- that's fine but maybe that's where you come in to help them out this he'd make it so if she doesn't Hayden.
The ring right Andy what a what have you seen it -- its -- it isn't just the highest quality diamond and the biggest diamond I can Floyd is it.
Right it's really our customers tend to be -- -- as you're saying and they really are getting hints from their significant others throughout the process so they know coming in if she would like -- round diamond or different shaped diamond.
They know if she'd like the classics solitary sending.
Or would -- like something more vintage looking perhaps with -- -- diamonds around.
Solitaire stone so they really have ideas of what she's -- in and then they're trying to maximize around their budgets I think what happens.
For the recipient since that -- is receiving a ring maybe it's one and have cares instead of the territory it's.
Higher quality diamond and our goal is to be aspiration to the recipient and I think what we see -- that are customers.
Really blown away by the product we have the wow factor when their opening the box and that's what article is for all of our customs.
Has been demand change that mean I you know.
Moons ago when I got -- it was all about who had the biggest.
Now added diet right it was just like I dedicate my arm around -- debate and that if you feel like that are you know are women just it could it's -- -- can't Wear that every -- can't work with that.
What do you seeing as part purchases go.
Well we didn't see.
That this solitaire diamond in the round -- in particular is.
What's really desired but I think there -- so many options today and what we find -- as consumers look for value.
They are able to buy a higher quality in a larger diamonds and that's still very much in favor.
We've also seen increase in sales of diamond eternity bands which is a beautiful diamond ring with diamonds all the way around.
And some couples are choosing that for their engagement ring as opposed to a solitaire diamond.
But I think we really see that people fall in love it and get married and they want to signified their relationship with.
A diamond and that's where we come in and I think especially in the past couple of years and economic downturn we've seen the people are turning to.
Things that are classic that will last and of great value so that's definitely.
A trend we've seen with our customer.
Diane you've been with Blue Nile since 1999.
Had to get through the dotcom bubble what advice would you -- a what did you learn from that experience to get you through this recession.
Well as you said in the beginning I think many people in the industry and in the media thought that we were crazy who would ever buy a diamond on line.
And I think what we've found is that consumers love the -- of shopping in our focus really is on the customer and we believe if we start there.
And serve our customers while everything won't take care of itself and I think having an online model.
Allows us to be profitable we've been profitable throughout.
The past couple of years for example where -- to a stores in America have closed because it's a tough model and Louise started we believed we had a great economic model.
That was great for our shareholders but it's because it's of proposition that's very attracted to the consumer and I think.
You know that we'll continue to grow as you see in these times.
Online shopping really accelerating its growth as compared to offline and I think that -- continuing to think about couples who will get engaged in the future.
They're so comfortable with technology and comfortable shopping online.
They almost don't differentiate online vs off -- shopping so I believe that's great for our future.
Fannie ten seconds to you by the diamonds back -- -- but it doesn't work out.
We have a thirty day return policy no questions asked in about 2% of -- I don't work out because it was a decline proposal but we're here mom -- the customer.
On and it.
Thank you -- great stuff banks and think environments dynamite Chief Executive Officer president and director of Blue Nile online jewelry by the way she is a thirteen year old son right now guys is so lucky because he -- He's at the worry about that decision when it comes time to buy the ring and he's that like in the family thing that's pressure he had come up with a good playing -- isn't.
Look at two sisters also they'll help them.
All right still ahead we talk to the guy behind the -- popping the question.
This is -- -- will be that.
I welcome back we're talking about love and -- this our next guest says.
It is the one thing the man gets to do in the wedding so why not make the proposal unforgettable.
-- -- pony is the founder and CEO of ultimate.
It USA weddings and -- polls and he joins us right now.
-- -- much like.
The decision on the ring that we were just talking about us.
Scott is a lot of there's a lot of pressure on the guy for making a proposal right because you know -- No all of her friends the first thing she's had to do -- get on -- -- and talk -- all that his daughter about the proposal -- her experience with -- experience great.
It's great I guy.
I'm penny you you don't wanna do it now you just can't just let -- that it would anyways but I.
I mean I'm in the business of love and clearly -- and love is selling.
Weddings are I'm a wedding planner with -- two -- weddings a year in New York City and not have this Wall Street broker called me up one day.
It's not unlikely that a guy will call on book -- wedding season.
I like about the wedding great come by because we'll have a -- yet and we have a master.
I'm gonna go home with a bottle of champagne I was like anybody enough.
So we got him to do a walk in the park he comes across the picnic blanket -- on the ground we had -- he's down on one mean the -- I I am doing this -- you set the expectation for the marriage so high that it's inevitably gonna fall he's gonna get divorced he's gonna come back got down no way what I'm saying yeah.
And what I'm not saying is he used to be I bought your house will you marry me now it's a really love you -- is here's what I wanna sentencing Tyson you're not buying that Clinton -- -- you've got to keep a very low profile on the -- the idea behind you know throughout the shot clock -- -- -- -- I think it's -- -- -- -- -- -- the last -- -- the last thing -- the the groom wants to groom to -- that is for his bride to be to find out that I had nothing to do -- I just hired some guy that he can -- all lands and then -- -- if anything in the -- -- -- -- to -- not quite where we are working well I'm like mom would need to be creative and what he's thinking how.
Side the restaurant no more waiter with the ring.
-- old and museum proposals.
Swanky hotel suite proposals helicopter proposals.
I mean -- so -- museum proposal how cool with that you're walking through an exhibition suddenly he reaches into a case he pulls out the rings she thinks he's stealing if he gets down on one knee.
I love you know.
Now what -- what they'll do -- here's the thing to look at these some type a Neanderthal.
-- and he's easy around.
No I'm kidding Bryant.
Bubble and yet he would never do debt in LA subway proposal now all of a sudden he's -- -- -- it sort of seems kind of fish -- and -- -- -- -- -- -- -- Fifty proposals this -- guys economy going I have no money helped me it's not.
And I'm going on living your life coach yeah now -- Yeah don't -- anybody it's a thousand dollars to I communicators one packets at 101000 dollars that's a lot but.
Basically you're in the 900000 dollar range and you -- get a memorable week you're trying to tell the guys you'll never be in the -- if you get the whole story you won't.
There is no sleeping on the couch she's always gonna go remember when he walked me through the park in the morning there was the easy but with pictures of our past all.
Click to that.
Yeah come on and then -- vote.
Kids are screaming and she -- just what I wanna see you next time I'm back -- we see rings on your fingers a better attitude you tour like hysterical.
Hi is split Tracy did -- you know the market it's like all the countries he's been through it but you know with a look at what was your propose -- memorable well.
After three cocktails with a left hook us -- slam ball.
But not you know doing this in 1990 sorry that this is doing lesson depending on the -- but since the market crashed.
Our weddings so I actually perform the way things as well so I'm hearing with these guys casual casual -- on what happens so relaxed is like it's all about the proposal it is he.
-- applied to the one with the Weinstein staring at the ceiling that the trees.
Even -- enough credit.
Oh I loved I loved my brides I think that and what they want is all I have and I have a coordinator Mike -- who -- -- You know I write this because we asked questions we love about it.
Why New York what's what's you know cut to ten years we we our house is being foreclosed do you still love me.
We really bring in every aspect of where we are right now in the world look at this -- there's.
No money its all paper so let's be real here yeah birds -- emerged -- -- -- game across the it's filling -- Yes well it doesn't mean -- well yeah one.
And you know what -- tell you I have one walker you -- -- quickly of one Wall Street -- total Wheeler dealer like I just need to cut a deal -- to have this cheap seat New York limousine -- -- The white -- the girlfriends like just get the car he's negotiating a -- -- those -- you know don't think.
Open the door it's lined with rose petals champagne flowing she gets in it's it's a little blue box in the quarter when the -- to god for that you want to marry.
Biggest worries that -- I'm all -- I will say this -- about that that the sports thing -- you have good ideas back to the sport -- sports thing I used to work in hockey so -- -- lose every game of a happy I'm proposal not be in not 83 yens is never a playoffs that team of eighteen games every single game.
People would propose a hockey all kind of so hostile crowd a hockey crowd at a 51 game in the third period when it also -- Somebody proposes that they love Matthew Barnaby compared to this guy they wanted to get after that guy for proposing a hockey game is about beating people up -- about sports about guys you know.
So I propose a basketball event in this they -- from the sticks and -- things in a Pennsylvania might be better now anything that they can hit you with with president.
You make your -- I think I gotta tell you guys.
It hands down it is everyone's merging -- -- getting married.
What -- -- good reasons good his custody and I don't want to hang out you know.
-- -- honey -- when your -- so many -- you walk in the room I'll be able to tell you it's gonna work not that I -- economic pain.
Thanks for having me thanks to come.
Obviously -- -- -- of alternate USA ladies and the polls I certainly know sporting events just note -- -- for you to edit it.
Even if sanity back to reality when you marry someone that this is right -- my speed you marry that debt and that credit score and their financial history to.
Donald -- president consumer education at credit -- -- joins us now from Atlanta.
-- -- talked about this 4000 times.
My big thing is don't combing the last that I know that's it -- -- romantic thing to say but what do people need to know about.
They're partners credit score their credit score and becoming one.
Well I guess this is 4001 man I'm mad at I don't know exactly what he -- that.
-- it's easier to end a marriage than it is to end a relationship with your creditor so absolutely when you get married like your credit reports don't magically -- They're still maintained at the individual Social Security number level however when you applied jointly for mortgages auto loans credit cards anything that they both of you sign on the dotted line.
Bigger both equally liable for the payment and you're both equally at risk for any sort of credit damages at the payments don't get made.
I eat through and nasty divorce.
Person to tell what are you recommending I mean are you recommending not only for you not by you recommending keeping separate accounts about the marriage just -- taste of -- happens.
Makes things a lot easier less expensive.
What this is -- this is not an atypical -- 50% of the people in this country who get married also get.
It I am absolutely -- that you maintain complete credit independence even after you get married I recognize that that's not romantic it's not old fashioned and that's not old school but what in 2010.
This is how you have to manage credit understated -- half the people watching are going to get divorced.
And it doesn't matter what the court says just because the judge says that you -- this that you pay that.
The Lander is not a party to that agreement and so they don't care what the courts as base still maintain.
That both parties are equally liable for the debt and -- one party doesn't make the payments even though they are supposed to you.
Then both parties are gonna suffer -- Lives but John and it's one thing to say if Jessica's a lot of getting married later let's try to keep as much -- we can we've had -- -- the night together you probably buy a house.
You know you start to put money -- for the kids in college all of a sudden you're inevitably coming milling what do you do from there.
Yeah I -- a lot I recognize that this -- not come fully re realistic for everybody across the board and and many cases you need two incomes to qualify for a -- especially for mortgages so you're gonna have to -- Applied jointly.
For the mortgage but at the very least now you recognize.
That if you applied jointly then both of you are not only on the hook for the wallet but.
Both of your credit reports and scores and -- are going to be a fast.
When pricing -- that -- so if you marry somebody with poor credit and you have good credit.
Recognize it when you applied jointly you're not gonna get as good of a -- as you would have got if you would -- on your loan because the bad credit is going to circle and hold down.
Your overall -- -- it's gonna cost you more to finance the home -- car credit card whatever it made me.
John obviously the time to bring up this subject is not right when you've hired gene -- you know our last guest.
And you're -- is -- -- Ted -- flower petals on the floor of the limousine and need to laugh at you how do you approach this so that it's set at two in a tactful way.
Look that the time to bring that's not that does not want the planes flying over the meadowlands with that Monica will you marry me sign behind.
But -- at -- time debris that's not.
As well in advance of any sort of -- -- yes obligation or commitment to -- out there.
We've had this discussion many times it's not romantic to the -- credit credits -- over a glass of champagne but it's very very practical.
And and a significant percentage of the people who get divorced in this country get divorced because of money -- it's not just infidelity.
It's money issues and when you marry into a great -- -- debt and you didn't know what upfront it if there's a ton of stress on the marriage.
Because then -- that follows both of you around -- you can get out from underneath that.
Eleven pages at the meadowlands by the -- still I think well and older people old.
Senior citizens close student virgin of dying people lakers tonight we get it.
But -- these young people -- you know Cinderella.
Prince charming is gonna sweep me off my feet basically she has no -- is still -- -- parents need rally that not -- either could be spent on the ring.
So the way they see it is this is a great time to start a life together -- kind of advice you have for them.
Plot that that's a very very good point and when you're early on your credit life cycle and I -- -- you have one foot in the right spot lacking I'm older than you -- and wait -- when you're starting that credit life cycle to -- error.
That's fine but at least you have a I had the opportunity to establish a dig out of -- -- why one of the most difficult things to do is to rebuild credit.
After you've gone through some sort of a bat like a divorce or -- bankruptcy.
If you recognize that there's only you only have one opportunity to build properly.
That's great -- that together built properly maintain joint accounts if you'd like to but understand.
You've got it to avoid credit card debt and a one party misses the payments that related to the other party should be the one who's responsible for -- -- into the market -- paying online -- writing that check because they may be more responsible.
Giles higher president of consumer education for credit dot com joining us from Atlanta thank you John thanks dad.
Thought the quieter I don't wanna read a tweet from must entail DNC book's rights we stopped worked everything out advance the blue totally off the engagement tape a leap of faith.
And I hit my I email I pleaded act asking people how they -- And someone jokingly wrote get -- but -- here.
Think that they'll look if you -- back here at Atlanta.
I come -- out what happens when an happily ever after after it isn't so happy in what if -- -- -- has put up big for us.
We come back -- that he can't think that I know it's not good nowadays.
-- -- Well but half the couples who walked -- on the I'll well.
Sorry but the marriage end in divorce.
Now -- both sides to clean up the mess unfortunately is an issue joining us now to talk about how -- can protect yourself is Vicky Ziegler divorce attorney in Seattle.
Divorce dating dot com.
Vicki you must BBC.
You have yes and it -- really.
Sand phenomenon this epidemic of the -- -- really -- and you mentioned 50% of the people get divorced for the first time.
Actually it's -- the second and higher than ferret.
So what can we view kind of -- these statistics and help people in an economy like this you know what I wish I had all the answers but.
Some of the things that people can really do right now.
Is get expert advice consult everyone can pay for an hour of an expert advice so what do my talking about a divorce attorney.
Financial planner a real estate expert those of the things that are really touching home right now and making people think about whether or not they're ready to actually get divorced.
You know our our last -- Giles -- are talking about things you should do before.
You legally become.
-- to -- -- -- -- opposite -- anything else it should be done to and say look if for some reason this ends up not working out.
Doing these things will make it that much easier and more painless I am a huge.
Proponent of talking about things before people get married -- -- wrote a book hopefully it's coming out in the next few weeks -- -- the premarital survival guide.
And what does that mean people need to talk about all of the issues be open and honest about your deaths.
Your income your what you want in the next one year five years ten years do you want children where you want to live.
And those questions that you know what people don't have answered I think couples need to work together to talk about those things.
Before they actually get married if they do get married and we've talked about this before and they don't have a prenuptial agreement you can still do something about it.
You can enter into a post nuptial agreement and that's really the same concept it just happens after married.
Not before was that was a -- -- -- post I don't know what that is okay well it's this kind of exploding phenomenon people Tiger Woods yet that millions.
Millionaires and billionaires used to entering the post nuptial agreement agreement and nobody knew about it because it's something that you -- yet he was separate counsel and you putting you -- for rainy day if you need it.
What's happening now is people are saying we're married with a knack for ten years we don't have a pre nuptial agreement before we got married we never entered into it.
We're not sure we want to get divorced.
If we do get -- let's resolve all of the open issues now -- in the event of divorce when you have a huge litigation -- all of these extra costs -- it's a really Smart thing to think about.
If you -- on the cusp of getting divorced that you really not sure you have real estate issues are not sure what the issues are with respect to custody are gonna happen and if you don't have a job.
Because of the unemployment rate -- the whole thing is so mature -- you know this whole notion of talking before hand right yes and.
When a previous guest said what would you do in the event we foreclose on our house well assailant he would hit -- and a new mom reality hits and I'm like it's -- -- -- -- bump.
A -- so what happens then.
And other experts that really can deal with these issues we have mediators and arbitrators and we have real estate experts -- you couples can go to and say listen.
You're finances any event in a week foreclose on this property because we can't afford it because you can't -- mortgage we don't have as as much income coming in.
This is our -- what do you suggest and not an unbiased third party people can do that in the course is relatively cheap.
Also people need to talk about things such as maybe.
If we lose our -- do we have a savings that we have a nest -- and if we don't how are we gonna do that in the future and how can keep the -- down and pay them off.
People need expert sometimes you just can't resolve it one on one because we don't have that.
Formal background so to speak.
To kind of answer those questions.
Few months ago the city that shares in the brought up the subject of people not to forcing now because the -- their economic situation so bad.
-- can't afford it might be out of a job and let it is that's still happening right now yet it's a hitter Chris it's a strange start.
And -- my business people don't know what to do yeah we're busier than ever but we can't solve problems we can't get people -- on the fast track anymore courts are overloaded.
People can't afford to pay those big retainer -- unfortunately we have to charge people are consulting -- -- representing themselves.
But what's happening it's across the country we're basically seeing a decline in the filings of complaints for divorce.
But an uptick in post judgment application -- -- people are divorced they can't afford to pay what they once agreed to.
They want to change of perhaps move to get a better job or another job.
And people are fighting more and more and nobody has the answer -- -- specially real estate it's one of those.
Phenomenons that nobody knows what to do with the market gonna get better should you sell your house now and sell it for last.
We don't have the -- experts don't have the answers to what kind of questioning what people should -- while -- married and it's a scary scary time and I wish we had better answers but we have to come up with creative solutions to getting better -- -- to chris' point last and you and it was terrible.
-- worry about domestic violence particularly -- get and they hate each other.
If -- getting better.
I think people are taking the plunge in the sense of they're saying listen we can't stay together -- or I'm happy it's not good for the check until we're gonna go get divorced -- not necessarily -- file a complaint.
Gonna try to mediate the case are consult with attorneys and try to do it on our own so if that's what if that's what we call getting better.
Need heat but it's still out -- pretty scary time for people that are unhappy and feel stock.
But I always hated them listen you come through divorce attorney get the advice you suck as much information as possible from van.
Then you go to those other experts your financial planners and try to figure out what kind of -- you can have from one couple becoming an independent couple so to speak.
By this -- way out there but if you have high profile divorce is a high profile separations like Tiger Woods like some of these others.
-- that have an impact on your business at all BP do you did you think people are close to taking the plunge and they see and they say -- you go go home to do the same thing tomorrow.
I don't know how -- get picky on the -- right ahead on.
You're typing paper starts investigating and yet tech in South London and records to see if somebody's -- that -- there.
Then more ammunition in Iowa but I think people feel sorry for people in the media that are getting divorced and something that's been cheated on like.
And you and -- I don't think necessary -- like she's divorced and I cat yeah.
But -- be interesting in June it's the highest rate of marriages weddings a car in terms of the highest rate in June some interest in insisted that he at the end of the month.
If that's the same as it has been in the past because I think people are.
Not so sure if they're gonna get -- if they can't afford to get married.
And I think getting divorce is even worse in terms of the economic so I don't think it -- jumping on the bandwagon I think they're in their perhaps wishing.
Secretly maybe I can get divorced soon but I hate being.
They're -- plane and -- people -- -- I know somebody like that I kind of -- -- look at the problem is and I know we have to go -- You don't split things 5050 yes blob 30% off the top pretty much around the board for all the stuff you have to -- and then -- split and it's not and I don't -- you're not above the -- the -- -- And where's the money come from that.
Some young people that are that are going to that right now there thank you so much angry and see you again making I think he's a good divorce attorney and CEO of of course www.
The voice dating dot com when we come back what do you do with the extra stuff.
Your life what you realize your wife left the -- I think according to -- -- -- lots of things -- -- next.
Welcome back we got some -- the best part.
Dare I say the only good part Knoll of the wedding make it.
-- artist and author of cakewalk market -- here with us now and I I was just explaining that I am a closet.
-- because I watch every food show out there but I actually do.
Practice in the kitchen on that often tell us though first how you get into -- because these cakes are like the artwork.
Thank you well.
I I -- to baking.
For a completely practical reasons and -- the job.
-- -- -- my food came from a very artistic family of food lovers and musicians.
Found out and bakery.
That was about twenty years ago.
And here I am today you.
Made that transition you're an artist and -- that you don't want I think what we're I put my heart that put it on.
-- -- Subway cars or a wedding cake in the wedding Kate seemed to be the best option yeah I mean for me was -- -- and desks and walls you know not subway -- let's -- out of the illegal yeah.
About that and then yeah and it was just a great way to make a living as a young artists in new York and that was a designer and -- that have been very good you know steady hand.
Good eye for design and and he -- -- it eliminating it it exploded on the senior.
LA times clergy to Johnny Versace and peeking -- Oprah Cedric magnificent Daniel balloon because you can't Matheny had -- it.
How does one do -- in this business -- -- -- it seems like everybody -- -- You know Pillsbury -- up there's a 1000001000 people there right now -- -- how do you do it well I consider myself more as a designer and -- -- -- baker.
And I would say the way you do it is by practicing.
A lot of practice you really have to master technique it's very point to for so many cake makers have and -- judge.
On until we kick off until -- -- right now so we -- you know lots of cake -- coming from all over the place from every little town and some of them have -- And some of them just they didn't -- Clinton to take you take a few techniques master them.
And you apply that experience everything you do you can be could pick a greater.
Your practice that is is in the decorations side and he isn't more on the way to -- looks.
-- -- -- like damn that's a good taste in case any of Betty -- I mean you know that's an excellent that.
Where it's more of the flavor of the Kate the food as opposed to the aren't you more on the -- side whereas look McCain is going to be -- -- -- -- -- taking notes that's what that the closely.
That's a great question and the truth is it's both ways because you know -- making.
A delicious cake -- -- -- is not rocket science.
There are so many wonderful kick it to be you just have to get the right recipe understand the sense of ratio that come filling to have much cakes from Mike -- our -- solutions.
As they are beautiful it's very important to me but I don't think that should be used -- -- I think he's got to figure out what you working with the belief that.
So -- now we can't -- the business -- -- you name -- kicks I love this I love this broke in patent leather.
What could be better I haven't broken pat haven't they went do you get how to people come to you for wedding -- -- -- Special order how do you do it and -- the business still booming.
Being a wedding cake maker it's a little bit like.
You know we've -- And it could say it's a little dark that's a little bit like being in the funeral business if you know I mean.
-- wanted to get married and I want to having birthdays and everyone's having celebrations and I think the way to.
That the wave of people come to be mostly important now and -- -- you know on.
And -- season TVs and provide them but a lot through the food and design industry have been around for a long time -- You develop relationships and with nice now it is at is having done this all of these -- people really.
You do -- the come -- the sense of what they do and they trust me in that kind of -- saint Margaret you know.
Do your thing and that in polls and half you know it it -- inspires me and make them work some more.
Interesting talent and.
-- you've been around -- see scenes.
The evolution -- that used to be.
The corner baker.
Made my grandmother's birthday cake in and his son made my mother -- in -- family quarterback.
Now it you're you're rock stars -- TV shows you got all kinds of things.
So it hasn't changed -- home.
It's unbelievable and then -- and then it was -- It was about marketing and while they finally release it on the lots yes because.
We'll -- things happen.
So I like that idea.
I don't know what it is I just think that.
I think that people's -- as far as television shows and food -- -- people like to see people making things in something positive being creative.
A way to make a living people started their homes and then they become known in -- town and it yeah eight and it didn't -- you have to learn that though you -- to say I'm going to be.
Picnic or theft and not really and that really know the -- I -- we've got -- less expensive cake not.
It was like herding many many many thousands of dollars would that -- could help.
I feel I believe you answered like fifteen.
You come that you spend money -- you expect when.
You know one of the greatest things I ever did was I smashed.
Full on new -- in the my brother's face one time old school yeah old school and I don't have a anonymity don't have -- eight.
It was -- we -- -- -- -- -- say about that over here that -- -- -- -- salvage my he has so much sugar artist that's going to be his last night doing author of course of the book cakewalk and -- intent on -- and things.
At a -- that's got that -- not that will speak at cakewalk our next guest Kevin Cotter.
Actually has a blog now all about different at least to use.
Your ex wife's wedding dress.
-- -- it's it's becoming a cakewalk for and you're fighting literally hundreds of ways Kevin joins us right now on the phone.
Can we -- -- some video of huge jump roping using at least part.
Of -- ex wife's wedding dress how did this idea all come about.
Well it came about.
One night when I was having dinner with my family and I just mentioned to them that I was.
In predicted that I had my ex -- wedding -- that -- left behind when she moved out and I didn't I waited a while I don't know why but I didn't tell anybody that for awhile and I asked them.
What is the bit I'm supposed to do it that what do you guys think that should do it that and a couple creative suggestions were made and it just kind of my sister in law that -- thought we could come up with -- hundred -- business.
And we we just we just started kind of brainstorming and have a little bit of fun with that -- and I got the idea that it had potential to be -- book.
What did you ex wife think of this.
Well she's not excited about it.
See if you come out about it a week ago and she got beat the humor in it I'm -- being.
While the threat and what I've done what the -- has provided in therapy for me I think what I've done with it now by starting the blog and it is in the hopes that.
Of having a public -- get.
He interest in it and maybe develop book.
I think that that it has brought up a lot of -- there and so did help me now and not help in there and honestly.
I'm not feeling great about that aspect of it I hope that in and hopefully not too -- on you can -- what it is which is really just.
Something that supposed to be light and billions of them and unless.
The blog is my ex wife's wedding dress dot com 101 uses -- address that we -- -- jumping rope.
Among the 101 uses I noticed that you have.
The sports event banner pasta strainer pinata which is awesome and C hammer pants which is even -- -- and at the out of my -- and -- at the other.
The plug for the oil leak in the gulf now some of these you haven't tried yet they're just concepts right.
That's right yeah we we.
I'm what I started a blog I had about that if you -- sixty that I knew I wanted to use and then.
-- I think one of the reasons that the blog has the as.
I kept people's interest is that.
A throughout their that I wanna get 200 want something a lot of creative ideas and a lot of people who want to admit that they're used is then I think come up with something little ultimately bit in the.
Still what number -- you up to now.
Well I hope that nineteen on the blog.
I put up camera lens cleaner.
One night and I have about fifty more -- fifty -- -- about it people that have already been.
Photograph and so I'm I'm gonna have to work that you now that we have a lot of good ideas that readers that admitted that it doesn't take off the field to.
It sort of -- is now halftime we'll is that we work it you -- -- -- -- -- -- I don't think -- get a run -- -- good material yeah.
Does the -- you know it attracted dirty I don't think I'll be I'll be built during anymore copier -- but you know -- can make it.
Within a -- that.
Bill -- pretty good shape I think it'll hold up for a lot of other applications.
How do you make money off of this because it I think it's interesting it's funny do you some good video -- site jumping -- with -- amusing.
Especially if you're angry at your wife for you you you you're getting -- you've gotten divorced.
But how do you plan on par -- -- in the -- if you were gonna wanna shell out money for.
Well I honestly I don't know I have had a and -- some people contact me who were interested in representing.
-- in in an effort to get a book published.
Possibly more than one book to be a book that my what my original thought what is -- photos and captions under one uses dramatic -- lane yet and maybe a book.
About the block so you know I don't I don't really know it in the really early stages I'm honestly I'm I'm fine by -- -- in my opinion and apply.
Kevin what -- -- -- hit 50% that's a perfect gift to give someone as they sign those papers and diverts away -- That was my -- that's exactly what I was thinking when I when I got started and I.
I -- I -- online had a little bit of research to see if there was anything else out there like it and I I couldn't really find anything that's like I had -- Evan thanks so much and good luck at that.
We're getting got a founder of the block my ex wife's wedding dress I would just sold on eBay but that's me don't forget you get to streaming live every day at noon eastern on foxbusiness.com.
And the weekend.
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