Scroll Less LIVE MORE The Game Changing Phone Plan that PAYS YOU for Your Unused Data

Andrew Yang
1 follower
Zach, it has been months and months in the making,
but today is the grand launch of...
Thank you.
Noble Mobile.
What on earth is Noble Mobile?
Some people are thinking.
What is Noble Mobile, Andrew?
Noble Mobile, so check it out.
Noble Mobile is a carrier
that gives you the best of all worlds.
So what are the problems right now
with your mobile provider?
Number one, they charge you too much.
Number two, you're paying for an all-you-can-eat buffet
when maybe you need to go on a little bit of a diet
in terms of your screen time.
And number three is they might be doing stuff
with your data that you don't love.
And so imagine if you had a new carrier, Noble Mobile,
that charges you less
and charges you based upon consumption,
so you actually have a disincentive to doom scroll,
pledges never to sell or resell your data for any purposes,
and does even more
because we partner with wholesome companies
that can improve your life
either in terms of financial health or mental health
or community and living your life.
And so what this means in real life
is that you can get unlimited wireless
for 50 bucks a month,
but you can get a rebate of up to $20
based upon the data you use or don't use during that month.
So if you're, let's say, at home a lot
or just in your home in your office,
you can be on Wi-Fi
and then not be using a whole lot of data
and then you might get a good chunk of that rebate
back at the end of the month.
And most Americans are spending right now
$80 to $90 a month on their wireless.
I was spending well over $100, so don't judge me.
But if you were spending at the average,
your wireless bill will be cut in half.
And if you do the math on that, which you know I enjoy,
you'd probably save,
the average American would save $500 to $600 a year.
And then you put an interest rate on that
and then you compound it over time
and it adds up to real money.
Simply put, it's the first phone plan
that pays you to use it less.
So let's dive in, man.
Yes.
I was unpacked.
This is a long story.
What's fun about this is that
I've obviously given any number of interviews
and done podcast interviews and been on social media.
And this has been going on behind the scenes
for months and months and months.
Because obviously it takes a minute
to launch a wireless company
that can serve millions of Americans
and save consumers billions of dollars
in needless expense for their wireless.
So the genesis of this was last year,
a lot of it for me was like,
hey, people are sad.
They're sad because they're broke.
And how can we make them less broke?
And so then...
This is right after the campaign, honestly.
After 2020, we're looking around.
We knew people were still pissed
and we had this network of comedians
and podcasters and influence.
And we're looking around for something,
other ways to make people's lives less miserable.
Yes.
And so we start with,
hey, let's just give everyone money,
which was the campaign.
And we were still chiseling away on that
through politics and policy.
But then that might take a long, long time.
And a lot of people need money now.
And so then you look around and say,
okay, saving people money
is almost as good as giving it to them.
So what do we all spend money on?
And that list goes housing, healthcare,
education, food, fuel, and then transportation.
So wireless and data might be number seven.
And again, that's about $1,000 a head
for the average American.
So if there are multiple people in your household,
it might be a couple thousand.
And so Mark Cuban did something incredible and awesome
where he started Cost Plus Drugs.
At this point now, it's been several years ago.
And what he did is he bought generic drugs in bulk
and then sold them back to the American people
at a 15% markup, which is a fine business.
Well, because people are getting gouged,
you could have a healthy business
and save people a ton of money.
Yes.
And so then looked at this and said,
okay, can you cost plus something else in American life?
And if you look at that list, housing, healthcare,
education, food, fuel, transportation,
it's hard to cost plus those things,
but could you cost plus wireless and data?
And so then the question was,
how can we procure enough data
for everyone to run their lives on their phone?
Right, how do we do this?
And so the way to do that is you find a carrier
to partner with that will actually give you access
to hundreds of millions of dollars worth of data.
And happily, we managed to do that a number of months ago.
But then having access to that network isn't all of it.
Then you have to build a product and hire a team.
And then to do that, you need to raise some money.
So then we had to...
This is what we've been doing, a lot of this.
Yeah, and shout out to Prof G himself, Scott Galloway,
who, for those of you who keep up with me,
you remember I was the number seven TED Talk of 2024
talking about our politics.
You know who number one was?
Our boy, Scott.
Scott Galloway.
And his talk was how America is screwing over
the financial future of young people.
Most people listening to this, yeah.
Yeah, yeah, certainly a lot.
And so I went to Scott and was like,
hey man, how do we unscrew people?
And then this is one way to do it.
And then Scott was like, ooh, fascinating.
And Scott became one of our earliest investors
and then started going to other potential investors
and funders, a lot of excellent people have invested,
including, as one example, David Coe is the CEO of Calm.
And so we have a number of, and they're very wholesome too.
I mean, they're genuinely about trying to make people
mentally healthier.
And so there are a lot of folks who have caught on
to the fact that our screen time addiction
is a glaring mental health issue.
And then you have this financial stressor.
And as someone who changed from Verizon to Noble myself,
it was a game changer.
And this was funny because obviously I was a believer
and started Noble, but then I've been a Verizon customer
for 25 years.
And so I had literally zero experience
with switching carriers because I've been on one carrier
my entire life.
Now, most people listening to this, by the way,
I'm gonna try this out for a sec.
So the people listening to this,
there's a 90% chance that you are a Verizon, AT&T
or T-Mobile customer right now.
And I'm gonna speak just to Verizon customers for a minute
because that's what I was.
Yeah, me too.
So this is you too.
So we can talk about your experience.
For sure.
So Verizon is number one in the country in market share
and is paying a dividend of 6% or so on its stock.
And so that amount of money is around,
let's call it $11 billion a year.
So Verizon takes $11 billion from customers
that used to be me and you,
and then just gives it to their shareholders
in the form of a dividend.
And if you know anything about stocks
and finance, you know that 6% is a very healthy return.
It's nice.
Yeah, it's great.
You just buy the stock, you just get the dividend.
And so they're putting $11 billion in dividends.
They're spending another several billion in marketing.
They're probably spending another several billion
in stores and rent.
And so when you start looking at it,
if you're a Verizon customer, you're like, wait a minute,
are you spending money on anything
that makes my life better if I'm not getting your dividend,
if I'm just a customer?
Yeah.
Because you obviously need to be a shareholder.
And it'd be one thing if they were actually giving cash
to their customers.
And here's another giant kicker.
I don't know if this happened to you.
Have you gone abroad?
Yeah.
So where did you go when you were a Verizon customer?
I went to Scotland.
I've been a bunch of places on Verizon.
And they charged me, I think it was technically $10 a day,
but it was actually higher than that.
There was some added fees on that as well.
They charged me $10 a day too.
And it wasn't good.
It wasn't particularly fast.
It wasn't great.
So here's the trippy thing, guys.
I switched from Verizon to Noble.
By the way, it took me five minutes.
And I can talk about that at some length.
Most productive five minutes ever
because I went from paying $140 a month,
and that was what I was paying, to let's call it $46 a month.
So I'm probably saving almost $100 a month.
Then multiply that times $12.
I might save $1,200 for the year.
I mean, again, I was on the high end
because the average person is not paying $140.
They're not as big of a chump as I was.
But when I went abroad, they also charged me $10 a day.
And on Noble Global, if you're a Noble subscriber,
it's $5 a day.
For the same thing.
And so I have friends who went to Europe on Verizon or AT&T,
and I think AT&T is now charging $12 a day.
And by the way, I just want to point out,
Verizon and AT&T do not have any towers or coverage.
Well, that's why we can say it's the same thing
because they have the same...
Yeah, all they do is they go to a foreign carrier and be like,
hey, can our person pay you back on your network?
Yes.
And then can we pay you for the privilege?
So by the way, Noble Mobile,
nothing's stopping us from going to those self-same carriers
and being like, hey, can we do the same thing?
And so you guys wouldn't believe,
like, you know, we're charging $5,
which gives you an idea of how much we're paying.
Because $5 is a fine business.
And, you know, Verizon and AT&T are charging $10 or $12.
So I'm going to suggest the same thing.
And my friends are coming back from two weeks abroad or whatever
and getting stuck with, you know,
like a $200 or $300 bill on top of their other bills.
And that's per person.
So in some cases, I had one parent come back and be like,
yo, I had like a $500, like these crazy bills.
So there are like all of these really,
really extortionate business practices
that the wireless carriers are engaged in
because they're just like, well,
you guys don't have a choice.
And I will say that I was a chump for most of my adult life
because it's like, oh, it's like gravity.
Like I just pay Verizon too much
and that's just the way my life is.
And so changing in five minutes to Noble felt liberating.
And I will say like I frantically called and texted people
being like, hey, you know, are you receiving this?
Like, can you hear me?
Because even I psychically was like,
oh, like, you know, I needed Verizon
in order for my phone to work.
And I also want to let everyone know
that every device manufactured from 2018 on
has an eSIM on it that enables you
just to direct it to another network.
And everyone keeps your phone number
and that's from even before 2018.
So there are all these things that have kept us in place
for a long time that just don't apply anymore.
You can just tell your device to talk to another network.
I didn't even have to call Verizon to quit a 25 relationship.
Yeah, like you just went to Noble Mobile
and then they get a notification being like,
hey, this person's off your network
and on this other network.
And my stuff worked, same phone, same number, same everything.
And for those of you who are listening to this being like,
how do I know the network works?
We will give you the first two weeks on Noble for free
so you can try it and you'll find it works excellent,
like just the level you're accustomed to.
And if for some reason it doesn't work to your satisfaction,
you can switch back to your other carrier
and I guarantee you, they will cut you a sweetheart of a deal.
It's true.
Because, you know...
They're pissed to lose you in the first place.
Yeah, they're super pissed to lose you.
And so like, you can like get back on
for probably 20 to 30% less than you're currently paying.
It'd be more than us, but still.
It'd be more than us.
But there's no reason you would do that, by the way,
because like you'll see.
So what's happened,
and I do want to give people context on this too.
I made this purchasing decision back in the late 90s, I believe.
And at that time, the networks were competing
on which network was the best.
And so I thought, you know, I'm going to join Verizon
because they seem to have the best network where I live.
And then in the intervening 25 years or so,
what happened is that all three carriers
have invested billions of dollars in their networks
to get them all to essentially parody.
And so whatever quality distinction I was drawing 25 years ago
stopped existing.
And then I was just paying a premium for a commodity.
Yeah, you see what's going on?
So industry-wide, Americans are paying,
let's call it $170 billion or so for wireless,
and then another $130 billion or so for data
if you include companies and like broadband and the rest of it.
And so there's so much excess in there
that if you had to find a number, it's $50 billion plus.
If people listening to this switch to Noble
and we get that up to a certain number,
like my goal with this is to save American consumers
billions of dollars on your wireless
and put billions of dollars back in consumers' hands.
And one of the things that's going to happen from this
is that there's going to be pricing pressure on the carriers
because they'll be like, wait a minute,
like millions of people wake up and be like,
why am I paying Verizon 80, 90, 100, 110, 120, 130?
Like a lot of people would be like, you know,
I want it so that they actually have a hard time
maintaining that crazy dividend.
You know what I mean?
Because they're like this cash machine right now.
And I am thrilled to be able to make this case to folks
because getting money in your hands
and after you get this money back into your hands too,
in the form of Noble, like,
so you get Noble cash back in your account
if you don't use a certain amount of data,
we would then want to help you save that money
by putting a 5.5% interest rate
on any of the money you get back
that if you keep it in the account,
look, it's your money if you want,
you can take it out.
You can use it as a statement credit.
You can just like pay for your wireless.
But if you keep it there,
we'll pay you a 5.5% interest rate.
And this is one of my pitches to Galloway
is like, how are we going to help people save
is by actually rewarding them to do so,
to help them live financial principles painlessly.
You know, because right now it's painful.
It's painful to save.
We're going to make it easy to save by saving you money
and then saying, look, if you keep the money in Noble,
we'll give you the best interest rate we can.
Thank you, listeners.
Please make sure to like and subscribe.
And if you have any questions,
send them to mailbag at andrewyang.com
and we'll do our best to answer them.
Thank you.
All right.
A couple of things.
So we're first phone plan that pays you to use it less.
It's an unlimited plan.
Usually you want,
if you use less than 20 gigs a month,
most people are using 10 to 12, frankly.
So you're not, most people aren't using the quote,
unquote unlimited.
Most people aren't using anywhere near 20,
use less than 20 gigs.
We'll share the profits with you and give you cash back.
You can invest it at five and a half percent with us
and get rewarded for that stay
or take it out as cash immediately
or put it on your bill.
Yes.
We won't sell your data.
Yeah.
And essentially paying you to stop doom scrolling, essentially.
Yeah.
Reward you.
And this is like a young person said to me that
they knew they were costing themselves a smidgen of money
by spending that extra 45 minutes on TikTok or Instagram.
They'd be like, oh, what am I doing?
Naturally, when you do,
you start something, you get all your friends and family
to join and test it for you.
So I've been getting my whole family on Noble
and what my sister said to me was interesting.
She said, so you're telling me
I'm getting the same data I'm getting from Verizon
and we're powered with the T-Mobile network,
T-Mobile 5G network.
So you're telling me I'm getting the same data,
I'm paying less per month for the same data
and you're giving me cash back if I don't use it all.
She's like, that sounds great.
That sounds honestly like too good to be true.
Is this a scam?
Like, what's the hook?
And is your answer there that we're all just getting gouged?
I think that is the answer,
but I'm curious how you would answer that question.
Yeah, that is the answer.
It's just we're used to really
somewhat predatory business practices
because it's a marketplace where folks feel like
they didn't have much of a choice.
But if your sister feels like it's too good to be true,
that's music to my ears.
And the goal should be that if you try it,
and again, there's no risk to trying it,
but if you try it and it works for you
and then you tell someone else,
then we'll reward you for that.
And for those who are listeners right now,
we're treating the first 10,000 noble subscribers
as founders where there'll be special perks for you.
And if we grow to the way that I think we're going to grow,
then we're going to reward the founders for being in early.
You can see the principle we're doing here.
I mean, it's so fun.
Yeah.
Where this is like the first values-based wireless brand
and we want to inhabit it with humanity, life,
getting off your phone.
So there's a joke going around the office too.
It's like, oh, you know, not very noble of you where,
you know, if you're sitting there,
doom scrolling and everything else.
Yeah. It's about trying to get people to live their lives.
Offline, huh?
Yeah. Well, so I will say it was a couple of things.
So I, so my brother, you're younger than me.
He's like a Verizon snob.
He was like, I'm not, he's like, I'm pumped for this.
Good for you.
I'm like, stick with my Verizon thing.
And I was like, can we please just try it?
It was like second line.
Like I need, I need like feedback.
We're building, we're in beta testing
and like testing things out.
Now we're live, but he tested it.
And I'm, you know, a couple of days later,
I'm like, hey, how's it going?
Like, what do you think?
He's like, honestly, the service here is way better
on Noble than it is on Verizon.
I'm pretty sure I'm switching my whole family.
And that, I've heard that dozens of times
from our early members.
One of our investors on the West coast,
it turns out that they moved into a new house
and it was in a dead zone on,
I forget if it was Roster AT&T.
And so they switched to Noble and showed me the phone.
They just had Noble on it.
They were like, oh, this, and I was like, oh my gosh.
And this is a person who frankly,
like the money's not a motivator.
Yeah. Yeah.
So let me ask you.
So the big thing, and I had this too,
and I think you had, you had this, you're like,
I've been in a relationship, if you will,
with Verizon for 20 years, whatever it is.
What was it like switching?
Like how easy was that?
Like, you know, like, you know,
you talk about feeling free,
feeling like you went through a breakup
and in a good way,
like you're in a toxic relationship,
like, and I can talk about it too,
but I'm curious, like when you switched,
like how easy was it?
So I know, I think this is really important for people
and we're going to have more videos
trying to break this down for folks.
So here's what you imagine you'd have to do
is that you imagine you'd have to go to a Verizon store,
call Verizon and be like, hey, I'm switching to this.
SIM card, like a physical SIM card, like switching.
Turns out none of that's true.
Like what happens in real life
is if you go to noblemobile.com,
there is video in a process
where it's really a setting on your phone.
This is the thing that most people don't realize.
And so when you get to the eSIM setting on your phone,
you then direct it to the Noble Mobile Network.
And then there's a prompt.
It's like, hey, do you want to switch
from your current network?
Do you want to notify your current network?
And then I was like, yes and yes.
And then it said, are you sure?
And then I hesitated and then said yes.
But then all of a sudden you saw the bars.
It was quite magical.
The bars on the phone disappeared Verizon.
And then they reappeared in this new Noble form.
And so there was no visit to a store, no even call.
By the way, when I called Verizon,
it was really unpleasant.
Yeah, it's awful.
Yeah, and I joke about my relationship with Verizon,
that it was abusive or predatory or whatnot.
And I think it was on a monetary level
because objectively I was doing some math.
I was like, oh my gosh.
So much over the years.
But it's not like I hated Verizon.
It was just like, eh.
And breaking free of an eh relationship
was actually an excellent feeling
because it made me think like, oh, wow.
If I can do that, what else can I do?
You're freed up, yeah.
Yeah, I felt lighter.
I felt scrappier.
I felt like all this stuff.
By the way, that shocked me
because I didn't think it was going to be
like an actual emotional experience.
This podcast is sponsored by Helix Sleep.
I have been a proud, happy Helix Sleep customer
for years now because my mattress just keeps on giving.
I've always been someone who thought,
you know what?
You should invest in a proper mattress
because you're on your back or your belly or your side
for eight hours a night.
So I ordered an Ultra Dawn firm mattress
and it has been a game changer.
I've had it for, gosh, now years.
And I'm telling you, total transformation.
Go to helixsleep.com slash yang for 25% off site wide.
That's helixsleep.com slash yang for 25% off site wide.
Make sure you enter our show name after checkout
so they know we sent you.
Helixsleep.com slash yang.
Well, I'll add is like it is so much easier
to switch your phone plan than people make you realize.
And that's part of the gig.
There's a couple of things that are bullshit
in this industry.
One, they're gouging you.
You're overpaying.
It's like insurance.
You're overpaying for the data hogs
when the reality is you're not using that much.
You don't need to be paying that much.
Two is there's a ---- ton of hidden fees.
That's the other thing.
It's like, oh, I get you at $85 a month
but you're paying like another $20 a month
in BS fees, which we do not have.
Like pay 50 a month, pay tax based on your state.
That's it.
Like a Netflix subscription month to month.
Get out if you don't like it, et cetera.
By the way, I just want to say too,
like everyone has seen all these ads
with like various prices on plans and discount plans.
And then when you get into the nuts and bolts of it,
like there are a lot of fees on top of it.
And so a lot of it's all hazy.
Yeah, like the pricing is very opaque in this industry.
It's one reason why we wanted to like lead
and be like, look, 50 bucks unlimited.
You don't have to pay state tax on it,
which, you know, I mean is unavoidable
because it varied by state.
It varies by state.
We try to eat it and it's difficult.
But yeah, but there are all of these fees
that we just ate.
Yes, we eat a ---- ton of fees, which is fine.
We bake it into our price,
which shows you how much you're getting gouged, frankly.
But what these other companies have done
is that they'll like advertise these very low prices.
And then when you actually pay,
it's like, you know, 8, 10, 11 dollars
more than whatever the advertiser was.
And they're like, oh, there's all this stuff in there.
Yep, it's nonsense.
Now, the other thing is they make it so opaque to switch.
And it's very simple to switch.
One, you can keep your freaking number.
So what you do is you go to noble mobile.com.
You buy the plan.
And then you get showed.
Do you want a new number?
Do you want to keep your new number?
If you're bringing, most of us want to keep your old number.
Most of us are going to port.
It's called porting your number in.
Most of us are going to keep our number.
And then we make it super freaking easy because it is.
Basically, you need your account number from Verizon
and what's called a port out pin,
which is very easy to generate.
You just have to do it on your Verizon account or your AT&T.
And it is easy to find.
They just don't advertise it.
And you enter those in.
You wait 30 seconds.
You get a QR code.
You scan the QR code.
Your iPhone or your Android phone will go through a little like
settings process to activate your phone.
It takes about 30 seconds after that.
It takes you, Andrew said five minutes.
And that's because I love you, but you're sometimes a,
you're Gen X, you know what I mean?
Like if you're a millennial Gen Z, you get this two seconds.
And what we do is we have like videos on there
to show you how you go find it on Verizon.
How you find it on AT&T.
It's very, very simple.
If you're a Gen X or like me,
feel free just to give us a call and have someone walk you through it too.
Because like, that's, I mean, that would have been my move.
We got all the things.
We got the chat bot.
We have a people on chat.
We try to be very human.
But anyway, we're trying to be the good guys of mobile.
Because there aren't good people of mobile.
Let me ask this, Andrew.
You've been doing a lot.
And I've been doing it with you.
But you've been doing a lot more on talking about
and doing things to get people off their phone.
And like, let's call it the brain rot and mental health.
Because I think we've felt it.
Especially on the campaigns, dude, when we were like 24-7 on your phone.
And when you were like really active on Twitter,
like I felt our brain, like our tempers get shorter,
our attention spans get worse, et cetera, et cetera.
Thoughts on that aspect of this?
Because I think that's the real movement here is like,
we really want people to like,
there's a certain level of noble life where people are like,
like my shirt says, look up,
like trying to look up, touch grass,
like get out in the real world and get off your phone a little bit
and have financial incentive to do it.
There you go.
Yeah, we will have some pretty cool merch.
Andrew's wearing our no cap for you Gen Zers,
which is actually kind of cool.
For those of you who are not Gen Z,
no cap means no lying, no lie.
I guess I think I did that right.
Well, we should, similar to those of you who follow us at present,
we had, I thought we had pretty good merch.
I think we'll have some pretty cool merch here too.
Brain rot is real.
I'm friends with a guy named Jonathan Haidt,
who wrote The Anxious Generation.
And watching him make this case has been extraordinarily
invigorating and uplifting.
And he's focused on minors, which is inarguable
because it's like, Hey, by the way,
if you get, if you say to high school kids,
like, Hey, no smartphones in a school,
they'll scream bloody murder.
And then after approximately 24 hours of no one
having their phone, they feel great.
Yeah.
You know, a lot of it's just a social norm where like,
if other people are on your phone, you didn't have a phone,
then that'd be, but if no one's on it,
then you're like, cool.
And this is true at our offline parties too.
You go, we're doing these parties, no phone parties.
They're great.
Yes.
And the next one is on September 18th in New York city.
And this episode will be out right before then.
So there's still time for you to have perks for noble members.
RSVP at offlineparty.com.
Honestly, we're not sure.
Or access to like the VIP area or something.
If you can like flash that you're already a noble sub.
Yeah.
But offlineparty.com.
And by the way, I'm old enough to remember going to parties
and no one had a phone because phones didn't exist.
Yeah.
I was in college.
I was in the nineties.
I didn't have parties.
I wasn't invited in high school,
but we'd just show up and there'd be like,
do we all just be looking at each other?
Because, you know, there's nothing else to look at.
And, and the, the offline parties are like that
because it was just a social norm where, you know,
people aren't on their phones.
And so you just have started a conversation
and people meet each other.
So then the next one's on the 18th,
but we're going to take them around the country
and have some fun though.
Andrew Yang going around the country,
getting people smacking phones out of their hands.
Hopefully you've seen our,
we got a new ad that came out today.
I make a cameo.
Ethan Dunn makes a cameo.
Some of our team members make cameo.
It's, it's pretty good.
You know, I think the, the phrase that jumps to mind
for me, Zach is like everything in moderation.
And, and are you actually interacting
with your phone in moderation?
If you are, you're probably better than me
and 90% of us, you know what I mean?
For sure.
And so if we create an incentive for you
to have a better relationship with your phone,
then maybe you will, or certainly you will
to a higher degree because you will feel
like my young friend, it's like,
I don't want to cost myself money, right.
You know, consuming this, this nonsense.
And you know, and then you get money
at the end of the month and you're like,
oh snap, that was good.
And you start playing games with yourself
and be like, oh, maybe I can do better.
Yeah.
You can see, we got an app, you get a little dashboard.
You can track your data.
You track, that's the other thing.
A lot of these, like Verizon doesn't let you track
your data very easily.
You know, like it's tougher.
And so for us, it's pretty easy.
Well, you know, their incentive structure too.
It's like, you know, you use a lot
and then, you know, like don't pay attention.
Like, and this is one thing that we built it
the way we did is like, look, if you want
to not ever think about how much data you consume,
totally fine.
Great.
Yeah.
Just like, just pay for 50 bucks for unlimited.
And then you'll just like, maybe be pleasantly surprised
by your bill every once in a while.
Yep.
But in your mind mentally, and this, by the way,
is like, you know, like, like an approach,
I think most people have, or many people have
is just like, I am mentally paying 50 bucks a month.
Which is less than I was currently paying.
And then every once in a while, you'll get a happy surprise.
If I have a good month, great.
And like, sometimes I want to stream a game on the road
and I might go over my data and it's fine.
I know what I'm paying.
This podcast is sponsored by ExpressVPN.
How did you choose which internet service provider to use?
The sad thing is most of us didn't have much of a choice
because ISPs operate a lot like monopolies
in the regions that they serve.
They then use this monopoly position
to take advantage of customers.
And yes, they even sell your data,
your activities to advertisers and big tech companies.
And you don't see a dime.
That's why I protect my internet surfing
and devices with ExpressVPN.
When you use ExpressVPN, it's like a magic portal
to a perfectly safe and anonymous internet.
And don't take my word for it.
This is the number one VPN service, according to CNET.
It's used by major companies all over the world.
So stop handing over your personal data
to ISPs and other tech companies
to then mine your activity and sell off your information.
Protect yourself with a VPN I trust to keep my privacy online.
Visit expressvpn.com slash yang.
That's E-X-P-R-E-S-S VPN.com slash yang
to get three extra months free.
Go to expressvpn.com slash yang right now to learn more.
Though I will say one massive kicker for a noble
is that if you do tell a friend,
then there'll be a real incentive for you and your friend.
And so then you can get a very happy surprise.
I mean, I had one person say it's like,
I'm just not gonna be paying for noble anymore.
And this person, oh, I'm sorry, for mobile.
And the person is a hairstylist.
So I can imagine very easily.
So, you know, so that's something very positive.
But, you know, if you do wanna look at the reward wheel
and like play games yourself, you can.
I got a couple of questions.
So one, we were looking at this and we're looking at-
It's also called the data dividend, I just wanna say.
Shout out to folks who've been with us
since the original data dividend.
We had looked at, so, you know, one of the,
like when you sign up for some of these bigger carriers,
they'll throw in like the kitchen sink with you
because they're so desperate to gouge you.
Oh, no, this is one thing you talked about
with the devices that I wanted to outline.
You're talking about the device.
So, okay, so check it out.
I use an iPhone 14 Pro,
which I bought at this point a number of years ago.
And I have not felt this pressing need to upgrade
because as far as I can tell,
the successive iPhones have been very similar to my device.
And this is a relatively recent development
because there was a period when the upgrades
were very, very real and important.
And you're like, oh, snap.
Yeah, I had to get that better camera.
But if you out there have not felt
some need to upgrade your device,
you are in the mainstream in the majority
because the upgrade cycle has lengthened
for the average American consumer
from approximately once every year and a half to two years
to now it's stretched out to like three to four years
and getting longer all the time.
Because what we figured out is that
just like the networks have essentially converged
into like high quality and you're overpaying for commodity,
like the devices have also started to converge
in terms of their attributes and abilities.
So what has happened historically,
and this has been true for me,
is that I would periodically upgrade my device.
And then I would be so smart
and upgrade on a contract with Verizon
and then have the cost of my new device
amortized over a couple of years.
And I'd be like, ooh, this is so smart.
But really, the reason why the carriers can do that
is because they're overcharging you by such an amount
that keeping you locked up for these two years
is like, ha, ha, ha, we're gonna, you know.
Think about this for a second.
Because a new iPhone from Apple
might retail for like over $1,000, let's say.
And the carrier's margins are so fat
that they're like, we will give you for free
this $1,000 plus device
just for being our customer for another couple of years.
And I guarantee you when you reflect on this for a second,
Apple is not giving Verizon that phone for free.
You know what I mean?
Like their margins are so thick, fat,
that they can actually eat the cost of a $1,000 device
and just be like, all you have to do
is be our customer for another couple of years.
So when you think you're being smart,
and I'm not accusing anyone of anything
because I'm totally describing my own behavior.
I did this too, yeah, we were dumb.
I'd just be like, hey, but one thing I've noticed
is that I have not done it in years.
Because you haven't upgraded your phone.
Yeah, because I haven't.
And by the way, everyone listening to this
is like nodding their head because it's like,
I used to feel like I needed to upgrade, but now I don't.
So this is so timely what we're doing.
We're getting to folks right now
when a lot of trends are culminating in the same direction.
And so when we're looking at this,
Verizon's gonna throw the kitchen sink at you
because they can.
And what are they throwing at you now?
It's like a free Hulu or free Paramount Plus
or free Apple TV Plus for six months.
And so when we're looking at this,
it's like, well, all right,
that's sort of not what we're trying to do.
We're trying to get people off of screen time.
But what can we offer?
And we've gone to a lot of partners
to I think start getting to this point,
which I think you and I have talked to.
We want the perks that come with Noble
to eventually hopefully pay for itself
where you're feeling like you're getting $50 of value
from other lanes as well.
One of the partners that I'm super excited about
is GetYourGuide.
So when I took my family on vacation,
we used GetYourGuide.
And it's nice and it's not inexpensive.
Yeah, it's not nothing.
It's not nothing, but it was worth it.
It's about the same price,
maybe a little more than your Airbnb experiences type of thing.
Or like a tour group type thing.
It's built into travel.
And so GetYourGuide is providing a discount
to Noble subscribers
where if you use GetYourGuide,
it might be the equivalent of getting your mobile
for free for a month.
And from our perspective, that's a win.
And by the way, we're passing the entire benefit
along to our subscribers.
So one of the superpowers that Noble will have
is that we can go to aligned companies and say,
hey, we have this community
in the form of a subscriber base
and they're trying to live healthy, vibrant lives.
Do you want to help them do that?
And then we'll just pass the entire benefit along.
And so from their perspective, it's like,
okay, this is a positive,
aligned customer acquisition channel.
And then from our perspective,
we're just gonna go around and make it
so that you feel great about being a Noble subscriber
because you're like,
oh, if all I need to do is use GetYourGuide once
and then it takes care,
it's like a pay for type thing,
it might be something you would have done anyway,
like I obviously did.
Calm.
So we're doing the Calm app,
the partnership with Back Market as well,
because we want people to stop buying their phone
through a big carrier.
And honestly, more to come.
Yeah, it's gonna keep going.
We're having conversations with a lot of other wholesome brands.
It could be someone listening to this also is like,
hey, that's up our alley.
So the verticals are financial health,
mental health and well-being,
and then community.
And so community can include concerts,
it can include travel, obviously.
And there's so many fun things we can do with Noble.
And one of our dreams,
for those of you who've been hardcore,
either human-centered economy,
Samarity,
but I have a dream.
I have a dream that you could take a picture of yourself
on a hike with a few friends and then...
Be verified.
Yeah, and then everyone would get a few bucks,
a Noble Cash or whatever.
You could do things just around positive wholesome behaviors
and create a totally different type of values-aligned ecosystem.
I'm not much of a cook.
I enjoy getting my meals.
It takes a lot of consideration
and I don't like to think very much.
There are a number of things I don't like to do.
And when you get a factor meal,
you know it's going to be tasty, healthy.
Factor's chef-crafted, dietitian-approved meals
are ready to eat.
Just heat them up in a few minutes
and you will be eating fresh, healthy food in no time.
My favorite is the horseradish encrusted chicken.
And I have to say,
you can tell the meals are healthy
even as they taste great.
You know that sweet spot?
That's what these meals hit.
Get started at factormeals.com
slash yang50off
and use code yang50off
to get 50% off,
plus free shipping on your first box.
That's code yang50off
at factormeals.com
slash yang50off
for 50% off,
plus free shipping.
factormeals.com
slash yang50off
All right.
So we've been gassing this up a little bit,
which is great
because I'm very excited about it.
And all the questions you're like,
can I bring my own phone?
Yes.
Can I bring my family on?
Yes.
Can I work on my device?
Yes.
Is it hard to switch?
No.
Can I do a physical SIM card?
Like all the things you need
in a phone plan,
we've done.
Generally speaking,
let's ---- on it for a little bit.
There have been other celebrities
recently launching phone plans.
Trump in particular,
the smartless guys did.
Our thesis in this industry
and in terms of how we raise money,
we think there's gonna be
a lot more of them.
How is this not an Andrew Yang
celebrity cash grab?
Like tell me more about,
you know,
why this isn't,
you know,
if I'm about to be a skeptic,
like Andrew's trying to like
get a subscriber to pay for some ----.
Like what, you know,
put me in my place.
The main thing I would suggest is like,
look, nine out of 10 Americans
are paying significantly more
for their wireless
than what we are charging
and describing.
And if someone finds carrier
that they're happy with,
that is charging them,
what I think is close to true value.
Yeah.
Great.
Yeah.
Agreed.
You know what I mean?
Now I happen to think that
we're gonna do the best job
because I know what our numbers are.
And I know what our values are.
So we can be like,
look, like we're gonna treat you well.
We're not gonna sell your data
to the extent that
we realize these benefits.
Yeah.
We're gonna share them,
particularly with like our first
founder set of customers.
Like I know all these things.
Right.
So I'm very,
you know,
I feel great about it.
But if someone finds something else
that works for you,
that is not extortionate,
it's not sticking to you,
like, you know,
that not taking advantage
of in various ways,
more power to you.
And there are different ways
to crack this nut.
But I know that
we're gonna do right by our customers.
And I know that 90% of Americans
are paying too much right now.
And we should be getting off our phone.
Like there's a there's a why of like,
yeah, we should be have a more
what it is like.
It's a more thoughtful relationship
with how often I'm on this thing.
You know, it's like we're gonna reduce
Americans costs in this industry
by billions of dollars.
That billion is gonna go right back
into the pockets of American families.
And and then we're gonna put pressure
on the industry to improve
their practices,
which I think is gonna realize
an additional X billion.
Yeah, and there's so much
meat on this bone.
It is insane.
Yes.
Like when you start looking around,
because again, 90% of us
are paying too much for something
that we use every day.
I joke in some ways.
It's like it's like oxygen.
But everyone and everyone
has to breathe.
But you're just paying for
these expensive tanks.
I agree with you.
So in the US,
10% of the market ish has,
let's call it the mint cricket boost.
It's called the mobile
virtual network operator.
That's 10% in Europe.
It's like 30 to 40%
and growing.
Objectively, Americans
are just spending too much.
We're just going.
Yeah.
So like I think one of those,
like if people join our network,
love it and then realize,
you know, I'm actually
I'm only using this thing,
like two, three gigs a month.
Like I can do like a gig
pay per gig plan somewhere else.
Great.
Right.
And maybe we start offering
that over time.
But like that to me,
that's a win,
like getting this industry better.
The other thing I my push,
my initial thought was like,
isn't someone on boost
or mint or noble in this case?
Aren't you like a second class citizen
to regular T-Mobile customers?
And I'd send this video.
We were testing it out.
I was at a Luke Combs concert.
So we've been working
this for a bit.
This is last summer.
So Luke Combs concert,
trying out this network
and I'm downloading a movie
on the Amazon Prime app.
And it's like,
I just got a screen recording,
just like full speed,
download it in front of 60,000,
70,000 people ever
because the floor,
they got the floor to work.
And like so massively crowded stadium,
downloading movie on data.
The second thing is we're like,
well, what happens
when like everybody's
trying to hit the same tower, etc.
I've had Verizon
when you're trying to exit
that stadium at MetLife,
for example, no one has service.
So you're paying 120 bucks a month
for the quote unquote premium
to get on the network faster.
When the reality is if Verizon
or T-Mobile's network is busy,
it's shitty service for everybody.
That's where you're getting,
you're paying for this premium
that doesn't actually exist anymore.
And that's, I think,
to me, the biggest unlock.
It's the same ----.
And with us, there's a whole bunch
of other value prop and perks.
All right.
So you've been listening to us
spout off on Noble Mobile.
What we'd ask you to do
is just go to noblemobile.com
and check it out.
See if it might be a fit for you.
If not, totally cool.
But we've worked hard
on trying to make something
that's going to be an upgrade
for 90% of consumers.
It's been an upgrade for me.
And me and my family at this point.
Yeah.
And we are super pumped
to get this out to folks.
And this is going to be
the apple of our eye
for the foreseeable
because there are billions of dollars
to be given back
to the American people.
Like it's a little bit of
like, you know,
the Robin Hood of data.
It's like, you know,
we somehow got this data
and we can give it to you
at a rate that is going to save
the vast majority of folks money.
So do check out noblemobile.com.
Switch if it works for you.
Again, there's a risk-free trial.
Check out the ads.
Share them if you like them.
If you sign up for Noble Mobile
and share with other people,
then there are all sorts of perks.
There are big perks
for the first 10,000 founding members.
Yes.
We're going to build
a very, very dynamic, impactful
values-based wireless brand
that changes this market.
Because this market,
reason why we got excited,
Scott got excited,
and Mastery got excited
is that you're looking at,
like, broadly speaking,
let's call it, you know,
$200 billion consumer marketplace
that is way behind the times
in terms of values, identity,
treatment of its customers.
Like think about your own experience
in this industry
is that you've just been dealing
with these legacy utilities
that are megacorps
and are just like,
you're going to deal with whatever
we're going to ask you to deal with
because you don't have a choice.
And it's well overdue
for an evolution
in the same way
that every other industry has evolved.
I mean, you look at,
for example, cable companies,
like everyone turned
on the cable company
because, like, why am I paying
for these channels I don't watch?
Why are you paying for all this data
you don't actually need or use
or consume or want to use?
And so if we get you closer
to your true value
and then do that
for millions of Americans,
we are going to change
this $200 billion industry
for the better.
And that's what
we've been working on.
And we'd love for you to join us.
We're going to treat you right.
Check it out at NobleMobile.com.
And here's I'll say,
which is probably the best part
for listeners of this,
is that we're going to go
around the country and,
quote unquote,
launch it in different cities
with Andrew being there in person.
So hopefully I'll be there, too.
So come meet in person.
You can try it out, too.
It'll be fun, man.
Yeah.
Noble members get some perks.
It'll be great.
Offline parties coming to Boston.
We're going to be in Buffalo.
We are in Buffalo,
Buffalo, Boston.
Key demos.
Yeah, we're just, you know,
we're going to be
nobilizing people
all over the place.
And we'd love for you to join us.
Yeah.
NobleMobile.com.
Love you all.
Try it out.
