19 Burst results for "250 Grand"
THE EMBC NETWORK
A highlight from Private Capital Markets and Private Equity Simplified with CEO and Co-Founder of KoreChain and KoreConX Oscar Jofre
"So I want to be here where they're, you know, buying it in a dollar a share, not at a hundred. I wanted a dollar. So it's exciting. But with all the companies being created, yes, there are those who need capital, but it doesn't matter if you're a startup, you're already an operating company. It doesn't matter what stage you're in. Capital is a requirement in order to keep growing your business. Even if you're profitable, even if you're cashflow positive, in time to where you need to expand, you need access to capital. It'll make it much easier for you. You have more choices in how you structure the capital, but nevertheless, you need capital. You want to buy another company where you need capital because you can't take it from your existing cashflow, which is paying for the operations of your existing business, but you need it in order to acquire this to make you even bigger. So these are all the things. So capitalism is a constant element of the growth of your business, regardless of what size you're in. Sometimes we just don't know that we can do it. And now what I'm letting everybody know, you can, and it's not easy. I didn't say it was easy. It's not something that is a rocket. No, but if you have the right team to do it, you can. And most of it is done through technology. So therefore use the internet. We're a perfect example of that. When COVID hit us, we were a team of nine people in the company, nine. From then to where we are now, we're a team of 60. That's all because of COVID. So COVID, it depends on what business you're in. Why? Because everybody went online. When we're at home, online investing was on the rise and it has never gone down ever since. So it means that companies need to think of online. Oh, I see. So everything's on. Yes, you do the presentations online, just like I'm doing this show with you. I'm talking to millions of people online, simultaneously broadcasting my message. I'm doing a presentation to everyone on what we do and what the value proposition is and why you should believe in me and what I'm doing. So what we've done at Core Connects and Core Chain is provided in a technology infrastructure that a company can utilize in order for them to do things compliantly. So what does that word compliant mean? It means that you do it in such a way that one day you're not wearing an orange outfit, meaning you're not getting arrested. So the rules for me are black and white and orange, and orange is not a color I like. So black and white is the rules. So you follow the rules. And so we have enough of an ecosystem, meaning people who are committed for the growth to educate you, lawyers, auditors and so on that are going to provide you that guidance, how to use the regulation, how much money can you raise? What do you need to prepare for it? What documentation? We have so much education. Like if you go to our website, we have videos, we have checklists, everything. And even if you have a problem there, we'll even walk you through it. We'll get on a call with you to walk. Every single company is important, regardless of size, stage or anything. Why? Because everybody needs to know what is possible in front of you, not to think that, Oh my God, I didn't get venture capital. I'm dead. I'm done. I got to shut down. You should never have to do that. That's the whole point of the JOBS Act. It was to give you a choice in what, you know, I don't want to say the word alternatives, but it was just different choices in how you can raise capital for your company. So we provide that. We have an ecosystem of all these partners. We also took another undertaking as a company is that we knew how crooked business world is. And when I say crooked, I don't mean it in a way that everybody's like that, but I just mean it that I know what it's like being an entrepreneur. And I meet John and Hey, John, look at my company. I love your company, Oscar. I think you're great. I've got some investors that I want to introduce you to. Oh, that's fantastic. Thank you. I really appreciate it. And then next thing you know, he's got his hand out like, uh, how can I help you? And he goes, well, I'll give you the lead. How much are you going to pay me? And this has been this problem that the whole industry has had is that there's always someone standing in the middle. And so it's standing in the middle or in the way of me getting to there and I want to get there. So I pay them and you know, to get there and not, not knowing that what I just did was illegal because the only people that can be paid are a broken dealer. But nevertheless, you, whether it's a consulting fee, you pay them for introduction only to land on a dud or something that didn't even exist. And that's the problems that the industry has been played with. So we've removed all that. We're not here to promise anything, but we have no financial relationships with any of our partners. We don't take fees. We wanted you to talk to the people who know what the heck they're doing and that's all they do. So instead of you spending a year trying to figure it out, you can start and finish within weeks and raising your capital if you have everything ready. And if you don't have things ready, we have people who know how to get you ready and we'll point you to them and give them to you and they'll help you. And then, but why do we do that? Because at the end of the day, all of the people that you're working with, they're human beings, they're professionals. They need a technology in order to transact. So what does that mean? As I said right at the beginning, I said, imagine I'm here today. Hello, everyone. My name is Oscar Joffrey. I'm the co -founder and CEO of CoreChain. I am so excited to tell you today that I have a live offering on my website. And you can simply go there at corechain .io, click the invest button, put in all your details, and you can pay using your MasterCard, your Visa, American Express or your ACH account. Sign the subscription agreement and voila, within a few days, you'll be fully completed and you'll be a shareholder in my company. To do that on thousands of websites all over the place, because there are thousands of companies raising capital is what we build. And that infrastructure has broken dealers, has ID, AML tracking. It's all the things that are needed in order to keep everybody compliant. But most important, keeping it on your website with your look and feel, your brand, so you're building a relationship with the person that came to visit you, to look at your company and to say, you know what, I really like this company. I want to invest. And you click the invest button, voila, the journey begins. And the journey doesn't end from there. From there on, everything is done at the company website, meaning managing their shares, transferring them, trading them, everything is happening there. And that is technology in the background. We're one of those things you don't see. You don't need to see us, but we exist. We exist because we understand how everybody needs to move the information and how everybody needs to do it compliantly, because there's so many different pieces involved. And for a company who is raising, I don't know, $5 million from the general public or 75 or whatever month it is, they're going to have a very large base of stakeholders that they need to communicate with, keep them aware of what's going on, keep them engaged, because that's part of the key. Just like you would customers, right? You buy a CRM software to keep track of customers. Well, these are like they are your customers, but you have to manage them a little bit differently because of regulatory rules. But it's all doable. It's not impossible anymore. People go, how on earth can you manage 5 ,000 shareholders? Technology? It could be a million, it could be two. I mean, it doesn't really matter. I mean, the numbers are irrelevant, but the reality is it can be done. And that's the exciting part for companies of any size. And so when you're out there as a company, you can look at all the opportunities and see what others are doing, whether you're in manufacturing, building homes, cannabis, drinks, alcohol, technology, AI. I mean, I've done just about everything. And here is the other goodie that you're going to love. So the security regulators in the United States not only allowed the companies to raise capital from literally anybody over the age of 18 and around the world. So your market opportunity is 4 .7 billion people. 4 .7 is to incentivize you to invest more in my company. So here's an example. You come in and you make an investment and you're making an investment for 200, but you see right here, hey, if you put in $500, I'm going to give you a free ticket to the show with Hurricane. If you put in $1 ,000, I'll make sure you're in the show. If you put in $2 ,000, I'll make sure you have a dinner. So the regulars allowed us to incentivize. So the company can incentivize you with things. I've had people give away vodka, beer, I mean, knapsacks, pins, Starbucks cards. It depends on their business type or something. Exactly. Exactly. The imagination is open for, and we saw people in one car, one company we had, oh, this one's my favorite, where if you invested over $100 ,000, you would get to use the electric truck for nine months. We saw these people popping in 250 grand under American Express. Let's do it. And people go, and their credit card? Isn't that high? I go, well, if I was ready to make 250 grand, the chances are he's got that in the bank. And if he's smart enough, he just got enough points to take the family out for a Christmas holiday. And he got the use of the truck for nine months, two times over. What a whammy.
The Bitboy Crypto Podcast
A highlight from Behind Closed Vaults (The PREDATORY Nature Of Mega Banks)
"The best time to get a great deal on a Jeep SUV is now during the Summer of Jeep event. Visit jeep .com or your local Jeep brand dealer to find the perfect Jeep SUV for you. Hurry in and make this the Summer of Jeep. Right now during the Summer of Jeep, purchasing at 10 % below MSRP on the 2023 Jeep Compass Limited 4x4 or Renegade Latitude 4x4. Not compatible with lease offers or with any other consumer incentive offers. Contact dealer for details. Residency restrictions apply. Take retail delivery by 731 -23. Jeep is a registered trademark. Doesn't it seem to you that banking is becoming progressively worse and it's really happened in the last few years? Well, it's because it has. And this is just the beginning. Do you know how they say the larger banks are too big to fail? Well, unfortunately, for small town USA, the regional banks are too small to succeed. All of the money is systematically leaving smaller regional banks. It's going to larger ones, and it's all by design. This is the beginning of a seismic shift for the future of the banking sector, and it's time to take a dive into the mega bank monopoly. Let's get it! Welcome to BitBoy Crypto! My name is Ben. In this video, we're going to zoom in on the idea that our own government is encouraging the largest banks in America to engulf the smaller banks in a coordinated effort to centralize control. Understand that in today's financial climate, being a smaller bank is like bringing a slingshot to a shootout. We all know that money is power, and if my journey in crypto and politics has taught me anything, it's that America cares about one thing, having control. If you think things got bad in the last 20 years, just think about how much more control they'll have 20 years from now. And narrowing down who gets to control all the money is a great place to start. Now, before we get down into the nitty gritty, I want to keep it real with you. It's complicated as all this is about to get. I want to start off with a very basic concept so you can see firsthand how bad the situation already is. Let's take a quick look at this chart of the largest banks in the US. Does anything about this chart seem suspicious to you? Does anything seem wrong here? Look at the drastic difference between the big four and everyone else. Now, I can prove my point with just this chart. It's no secret who the big four banks are in the United States. JP Mortgage Ace, Bank of America, Citibank and Wells Fargo. And Wells Fargo has over a trillion dollars more than US Bank who's in fifth place. These four banks are the main players in the game, and it's most likely going to stay that way because these banks are the main benefactor and the dilemma our own government created. You should know that all of these banks are defined as GSIBs, or Globally Systematically Important Banks. Basically, they're held to a higher standard because of the risk they pose to the system if they were to fail. They get special treatment to avoid another terrible ending to a nonfiction movie. Alternatively, now that things have worsened for smaller regional banks, the Biden administration wants to change small bank standards so they have similar liquidity requirements to the larger ones. This tougher standard gives the smaller banks less wiggle room. When you pair this with high inflation and higher interest, what you'll eventually get is a seismic shift in the banking world because that standard is unattainable for more banks than you would think, and they're going to reach a point where the only way out is to consolidate. This concept is just the tip of the iceberg. Now, remember that first chart? Now, look at this one. This is a chart of deposits by bank size. How in the world are the small banks going to be competitive when they're getting outperformed this badly? It's like a high school team having to play, I don't know, the Georgia Bulldogs or maybe like another college team having to play the Georgia Bulldogs. They're that good. Believe me when I tell you though, banking is Darwinism at its finest. It's survival of the fittest. So, what do large fund investors think about this from an investment standpoint? We'll just ask Bill Negrin from Oakmark. Watch this. At Oakmark, our view has been that the largest banks have a strong competitive advantage versus smaller banks, and that the natural tendency is for the number of banks to shrink and the big to get bigger. They just have advantages when it comes to regulatory requirements, meeting regulatory requirements, mobilization, fraud control. If you're 10 times as big as somebody else, those costs aren't 10 times as large. Now, I want you to ask yourself, would investors on this scale waste their time investing in smaller banks? Of course not. Why would they? He said it himself. The number of banks is going to shrink, and the mega banks will keep adding zeros. To be fair, the US has more banks than all the other G7 countries combined. So, of course, there will be some consolidation, but when and where will it end? The problem is the standards of banking are what caused all the recent bank failures, and those same standards are preventing the smaller banks from getting larger. It's a double -edged sword. And there's no incentive for the government to find a middle ground. What do you think our government would rather do? Help the little man or continue co -signing to consolidation's decentralized control? I feel like you already know that answer. Now, I'm not exaggerating when I say that these banks are light years ahead of their competitors, and they really are too big to fail. Think of the enormity of advantage the big four has over the rest of the game. It's like playing Monopoly against the banker. They always roll doubles and don't play free parking. Instead, landing on Boardwalk and paying luxury tax out the wazoo. Now, why don't you play along with us and become a member of the BitSquad? Be sure to subscribe, smash that like button and ring the bell for notifications. Also, big thanks to Stake for sponsoring this video. They're our No. 1 sponsor. Check out bitboycrypto .com slash stake. Okay, let's look at the banking failures in recent history. You know, Silvergate, First Republic, Silicon Valley. And now look at that through the lens of how small businesses were forced to shut their doors because they couldn't compete with Walmart. It's the same thing. Look at it through the lens of cell phone companies. Yeah, there are smaller ones out there, but let's be honest. The majority go with either Verizon, T -Mobile or AT &T. It's not supposed to get boiled down to three like cell phones. It's for advantageous your everyday American to have multiple banking options because it forces the banks to be competitive with each other and actually have customer service. Stifling that competition leads to higher rates and less choices for customers, not to mention it sets the standard for anti -capitalism. It will also hinder innovation because smaller banks are more likely to offer innovative products and services to stand out in the crowd. With less banks to choose from, you won't be able to take your money and go down the street, shop for a better rate on a car loan. Unethical banking practices will only get worse because where are you going to go? Who are you going to go to? Do you think the bigger banks have any sense of sportsmanship for the smaller banks? Absolutely not. They don't want competition. This is a win for them. They want to crush them. It's all greed. Back before the sell -offs, the mega banks circled over Silicon Valley and First Republic like vultures. Did you know that JP Morgan's profits in Q2 this year jumped 67 %? Why? Because they bought out First Republic Bank, and in the process, they kept as many of their customers as they could, and not to mention interest rates are higher. One bank loss is another bank's gain. According to the Wall Street Journal, the 25 biggest US banks gained $120 billion in deposits in the days after Silicon Valley Bank collapsed. All the banks below that level lost $108 billion over the same time span. Some people like Jamie Dimon will tell you the worst is over. He's wrong. It's yet to come. Think about this. If the small banks have no choice but to keep consolidating the predatory practices the banks already pull on us, well, they're just going to multiply. Think about how much control your bank already has over you today. Hidden fees, higher rates and bidding over backwards just to get a small loan is one thing. But what about the headache you have to go through just to spend your own money? A bank shouldn't be able to tell you what you can or cannot spend your hard -earned money on. But they do this every single day. Don't even get me started. I can't even go to a normal bank. I really can't. They won't take me. And I'm not alone. Ask Drew about the time his bank didn't want him to take his own money out to buy a house. Ask AJ about the time his debit card got shut off with no warning. Ask Nick about the time they shut down his bank account for no reason at all. When he asked for an explanation, they told him they didn't have to tell him why. I can go on and on and on. Those are just people I know. And I'm sure you've got a personal nightmare story of your own. But the point I'm making here is it already feels like we have very little control in the institutions that were put there to protect our money. They don't respect us as humans. And it's all about the algorithms designed to facilitate the transfer of control. Unfortunately, the smaller banks are going to be forced to continue consolidating, giving all the money, all the power, all the control to the chosen elite. Obvious side note. Of course, they hate crypto. It's the only thing that gives the power back to the people. That's why they're pushing so hard to eliminate it. It scares them. You want to know what scares me more than anything? Regardless, if it's one bank, four banks or whatever with all the control, America's debt is at $32 .6 trillion and counting. Maybe not in my lifetime, but there has to come a moment where we stop kicking the can down the road, when you stop spreading risk around and centralized control. We enter a situation where there's a single point of failure, which would make this 10 times worse if it all comes crashing down. We don't even need a debt ceiling crisis to ruin the US credit system. We're already centralizing all the risk into four players. So how did it get this way? And why did these consolidations happen? Well, I'm sure you remember the 2008 banking crisis that ended in a bailout. Since the government and the FDIC don't want to take another den of that magnitude, they raised the standards for liquidity and put harsh restrictions on what banks can or cannot invest in. Some of you would know this as the Volcker Rule, which was part of the Dodd -Frank Wall Street Reform Bill. You can thank our old friend the banking broad Elizabeth Warren for that one. This rule is why banks can no longer invest in anything that is deemed too risky. Sure, it prevents them from getting wrecked, but it also prevents them from using money to make money. And, of course, who suffers the most? The average Joe. You and me. So what are the banks doing now that they can't take risks on? To answer this, I want you to think back to the days when interest rates were much lower. Remember when money was cheap? It was easy to go to the bank and get a loan if you wanted to go buy a house. Why do you think so many people under 30 don't own homes now? Because they can't. That flexibility is gone. Anyway, back when interest rates were low and money was cheap, there was a lot of extra liquidity moving around the banking system. Because of that, you would see a lot of big investors and venture capitalist money moving into riskier startups and starting new businesses, and, of course, they'll get the money to do that from easier to get banking loans. When the conditions were like this, you would see a lot of uninsured deposits at the bank. Remember, since the banks can't take risk, they had to take safer long -term investments with their money. For the most part, they went heavy into government bonds and mortgage -backed securities, the kind of investments that are long -term and low risk. This move they were forced into making is part of what took them down. When the banks bought those safer securities, they essentially made a bet that the interest rates wouldn't go higher. And unfortunately, we all know what happened last year. Of course, myself, himself, Jerome Powell and the gang spent the entirety of 2022 hiking interest rates to fight against inflation. They spent the entire year creating more problems to combat a problem they created. It was a perfect storm in the worst way for your everyday American. Between higher rates and a tight money supply, people had no choice but to withdraw money out of the banks. And when banks start to see money flying out by the boatload, they get to a point where they have to sell those safer securities they bought with their excess money. The problem was because the rates were higher, the bonds they were forced to sell were sold at a loss. Because Trump rolled back some of the Dodd -Frank rules, some banks didn't have to report unrealized losses. But when unrealized losses become real losses, it became a much different story between taking those losses, bad management and making terrible risk assessments. That's when the dominoes started to fall. That's when banks like First Republic and Silicon Valley had no choice but to sell stocks and borrow large quantities of money from other banks. This caused their investor and customer base to lose confidence and try to pull their money out as fast as possible, especially those uninsured deposits who have more than 250 grand because the rest is uninsured. This right here is a main reason why so many people are siding with the big four banks because even if the FDIC insurance rate of 250K is the same for small and large banks, it would take catastrophic circumstances for large banks to fail, not to mention the government wouldn't let it happen anyways. People know that big banks won't fail, and they're not about to put their life savings into a circumstance where they can only get a quarter million back if the bottom falls out. And trust me, the interest rates, well, they're not quite done hiking yet. This cycle will repeat itself as many times as it has to. By now, you're thinking, is there some sort of plan? What are the regulators going to do? Watch this. This clip here really sums it all up. The regionals are problematic because they keep losing their deposits and have to keep reducing their balance sheet. So for the regionals, I don't think earnings have bottomed. And I wouldn't even think about buying them until I thought that they had. You know, you could traffic a little bit in the larger banks, but the problem is that Michael Barr, who's vice chair of financial services, just said that he's going to raise capital requirements for the large banks by 20%, which would take our ways down by 100 to 200 basis points. There's an irony in this, by the way. All the problems that happened in the banks were in the mid cap banks. The large banks, because of all the regulatory changes, were fine. So what do the regulators do? They go fight the last war and they're raising capital requirements of the large banks. Why? I mean, there's absolutely no reason for it, but that's what they're doing. Do the regulators do anything at all to help out the smaller banks? Of course not. In fact, they intend to raise capital requirements by 20 % for the larger banks, a surefire way to ensure the failure of everyone that's beneath them. It's as if they want to consolidate the power. Imagine that. The man from the previous clip, well, that's Steve Eisman. He's famous on Wall Street. If you've ever seen the movie The Big Short, his character was played by Steve Carell. And, yes, he really did answer his phone in that meeting. Prime losses will stop at 5%. Zero. Excuse me. I have to take this. He must be from Bank of America. All jokes aside here, what he just said in that clip is directly in line with the narrative of the regional banks failing and the larger banks taking over. I agree with him on that. Of all people, this guy knows dumpster fire when he sees one. I agree with him. The smaller banks have no choice but to keep reducing their balance sheets, and that's why they haven't hit their bottom. My opinion differs from him though when he says that there's absolutely no reason for the regulator's large bank reaction to the problems with the smaller banks. I have to disagree. The reason is right in front of our faces. The regulators are raising capital requirements for the larger banks to encourage them to keep getting bigger, and that consequently makes it that much harder for smaller banks to grow. On the flip side, the Treasury Secretary herself, Janet Fellen Yellen, aka the Tweety Bird Monster, will tell you that they're not encouraging this type of activity. Another classic example of watch what they do, not what they say. Now, this clip is my favorite. Check it out. So what is your plan to keep large depositors from moving their funds out of community banks into the big banks? We have seen the mergers of banks over the past decade. I'm concerned you're about to accelerate that by encouraging anyone who has a large deposit in a community bank to say, we're not going to make you whole. But if you go to one of our preferred banks, we will make you whole at that point. That's certainly not something that we're encouraging. That is happening right now. That is happening because depositors are concerned about the bank failures that have happened and whether or not other banks could also fail. No, it's happening because you're fully insured no matter what the amount is. If you're in a big bank, you're not fully insured if you're in a community bank. Well, in all my years of watching Janet no tell and yell and lie to Americans about how she's protecting them, I've never once seen her stumble and fumble over words like she did in this clip. The best part is 30 seconds after getting put in the political equivalent of a stone -cold stunner, she says that her judgment is that the banking system is safe and sound and depositors should have confidence. Hysterical. Then when asked why some banks get special treatment and why others don't, she said that she didn't know and it's up for the FDIC to decide. The links people like Janet yell and go to protect depositors all while simultaneously hurting depositors is astounding. Reminds me of Gary Gensler. And in that lies a part of the problem. Getting a straight answer from a politician is like asking your mom for $5 and she tells you to ask your dad and he tells you to ask your mom and you never get the $5. Lack of accountability in our government has a lot to do with the fact that it's so easy for a three -letter agency to point the finger at another three -letter agency to pass the buck. With this, they all maintain a level of plausible deniability and get to go home and tell their families they're making a difference. What a joke. It's a joke. But wait, this is our money. This is our freedom. It's not a joke. And what's anybody going to do about it? Look, it's as simple as this. Politicians and regulators need to wake up and get it through their heads that small town America needs smaller banks. Where are we supposed to go to get loans of the banks that used to support small businesses? Have their hands tied. And Jamie Dimon has the key. We need that competition for competitive rates, and we need small banks to keep innovating to earn their market share. At this point, with the way things are going for the regional banks to survive, they'll be forced to tighten lending standards, make fewer loans, slowing down the economy for everybody. And now, with Biden's knee -jerk push to heighten capital requirements on small banks, politicians cannot sit there with a straight face and say they're not encouraging the consolidations. I'm also not saying this great consolidation will happen overnight, take years, maybe even decades, let the right people get elected and care enough to prevent it. Don't get me wrong. I'm not saying small banks shouldn't have regulations. Of course they do. Just the right kinds of regulations that involve common sense. Banks should be transparent. They should take stress tests. They still need enough wiggle room to be competitive as well as profitable. Sad part is it would take nothing short of a miracle for the public's faith to be restored in smaller banks. Obviously, everyone wants their money to be safe, so don't blame anyone personally for jumping ship to a bigger bank if they have to or if you're allowed to. But when this happens in droves and the government is backing it, you have to play the tape out and see how slippery this slope really is. So, at this point, other than voting in the polls and with our wallets, there's only so much we can do to hold on to the little bit of control we have left. And we have to make the most of it that we can. First of all, you have to be aware that the landscape is changing. With that, you need to do your part and self -educate yourself and become self -reliant. I don't say it lightly. And if you made it this far in this video, you obviously care about your financial future, but you need to keep going. If you're someone who's struggling or even someone who's just trying to level up, you need to plan out every minute of your day so you can make time to be studying at least three to four hours a day minimum. If you're someone that's got a lot of moving parts, there's no shame in hiring a financial advisor or someone that can help you be more active with your wealth management. Understand that at the end of the day, the big banks don't care about you or your self -interest. It's only about the bottom line for them. So that's why you need to learn as much as you can and take the time to figure out what works for you. With that, don't make the mistakes, the same mistakes the banks are making. Don't put all your eggs in one basket and expose yourself to the risk of having a single point of failure. You cannot stress how important it is for you to diversify. Split everything up so if one vertical fails, you're still well above water. Consider buying gold, buying stocks, holding cash, buying digital assets like Bitcoin, or even ammunition. If diplomacy fails, water and ammunition will become currency. It's clear I've been hanging out with Drew too much, but, hey, he's right. He's also kind of scary, but I like him. He's a good guy. At the end of the day, your financial future is up to you. So I wish you the best on your journey and your never -ending pursuit of financial education. That's all I got. Be blessed. BitBoy out.
VUX World
"250 grand" Discussed on VUX World
"Oh, definitely. I absolutely agree. I think what's really interesting is that most of the time, technology on its own, one piece of technology on its own isn't the thing that makes the actual difference. It's when you couple that with other technologies. Like high-speed internet on its own wasn't the thing that made the difference. It was the fact that you had devices that you had in your palm of your hand and social media sites or web infrastructure, cloud-based infrastructure coupled with the internet. Then all of a sudden you can watch videos on HD on your phone. It's not necessarily the internet on its own that's the issue or the driving factor. It's the fact that now you've got mobile connectivity and you've also got GPS and satellite coordination joined together so now you get the Ubers and the Halos of the world. So it's when you can take those technologies and bring them all together and then you get something special. So large language models are just a singular technology. So what happens when you start doing things like that, connecting them, giving them the ability to build applications, connecting them to certain data sources, adding other technologies around them that then turn it into something far more powerful than it would be on its own. I was just back in 2000. I remember doing a startup and doing a cloud-based startup in 2000 and the hosting costs for the application came were 250 grand a year. So to do a startup and just pay the hosting costs was 250 grand. Now given you can spin up Amazon instances really cheaply now, that opens up a whole range of new startups that can think about what they might be able to do in the evening and that will give people access to their first, second and third failure and fail cheaply and then get on to the next thing. So I think it does fall into that category. It's also, as you said, things are happening so frequently and the fact that ChatGPT has managed to get this on everyone's radar. Alexa was trying, people started building skills, there was no money in it, it stopped being exciting so people drifted away, whereas now this is well and truly going through that hype cycle and there's lots of people that are involved in building applications and experiment with this kind of stuff. A lot of people are involved in the research to try and prove out new ways and new methodologies around getting more performance in certain areas around these models. So it is because there's so many people interested in it, there's so many people able to do so much stuff. So it's very much exploratory. This is where the whole exponential curve comes because everyone's building stuff and everyone's experimenting and trying stuff. It's just like, it's mad. It's really crazy how fast things are moving and how many people are involved in trying to get things off the ground. I was just, again, as I said, I'll never tell you a short story, Cain. I was sitting, I was giving, I was an invited speaker to a class of American students, college students, and I was doing my talk and we're just talking at the end of it about what they wanted to do and what their backgrounds were, et cetera. And two of the students there asked them what they were doing and they said, oh, we're drama students. I went, brilliant. And they went, well, what do we do in this world where an AI writes the script and an AI does that? I said, no, just think about it. And just today, if you were thinking about how you interact with this chat GBT, you have to assume a persona, you have to set up a dialogue, you have to give them a situation. And actually, if you have improv skills, if you're the kind of person who's used to improv, you have a very flexible approach to how this conversation might be run, how I might set it up, how I might kind of, you know what, I won't ask if this is a straightforward, what would an average customer ask for in a bakery? Like, I'll set up a scene, you know, set the scene, it's a bakery, now write a script about whatever, whatever, and I get some interesting insights about how people interact because I've had a very flexible approach to it. So I think we might call this like some sort of affordances, like we don't really understand the affordances of the language models yet, like we kind of think about it as prompting, but then it's also acting, it's also staging, it's also scene setting, it's also kind of play, and you might be able to get different insights from, say, write this scenario from the point of view of a biologist and then write the scenario from the point of view of an economist, now have the biologist and the economist argue about whose approach is correct, now do something else, now do something else. And so these are not kind of skills that you would have 12, you know, six months ago going, these are going to be useful skills for your middle to senior management job here of doing scenario development for your industry. And I did put in to ChatGPT, I said, you know, let's write a paper on what's important for conversational AI and let's do a paper on it. And I know the area pretty well. You know what, it was pretty accurate. Like, it was pretty accurate. Like, if you weren't an expert in that area, that would be good enough. It would be good enough.
Bloomberg Radio New York
"250 grand" Discussed on Bloomberg Radio New York
"Good One of the things I remember seeing just in the last day or two, Allison's Ken Jacobs, the CEO of lazard saying, one of the big problems is that the banks have is a couple of years ago, they had to raise pay for their lowest people, like significantly. You know, you used to pay these associates a 150 grand, and I got to pay him 225, 250 grand, then that means you have to raise the pay for vice presidents and directors. So the compensation levels went up significantly during 2021, 2022. And you can't bring that back down, can you? All right, that's correct. I mean, you can, but employees don't like to think that they're pay can actually go backwards. We had 2022 was, I mean, an outstanding year. We were at record levels for M and a and IPOs like middle of the year. And there were these there were these increases for junior employees. There were increases sort of up the line. I think that some of the more creative things that people did like Goldman Sachs at the time did compensation plans that were more tied to the stock performance. And so making those sort of like a one time sweetener avoids, you having to cut someone's pay and or eliminate job. Thank you for the wisdom Allison Williams with us here is Wall Street launches into the summer. With our news in New York City is John Tucker. Oh, hi, Tom and Paul, House
The Final Furlong Podcast
"250 grand" Discussed on The Final Furlong Podcast
"English driver in that as well? One of those four stars article one of the three stereotypes that he won? But whatever it was, it came off and he didn't face spit to his boss, but he did resign. And retired. He won over 250 grand and just went, that's it. That's enough. I'm done now. Cheerio, bye bye. Alan is his name. I don't want to give you a second name away because it might be a bit too much, but he kind of stand for it. Yeah, I think you might have bought a little island somewhere or something like that, but just magic. Absolutely magic, delighted for him. And he'd been telling me about it the whole way through. Did I put a scent on it? I backed George Washington quite hard, but it didn't follow in on the other stuff. Amazing. Absolutely amazing. You love to see it. And with some bloke, one of the big betting companies in the UK, one 400 grand from the lucky 31 the other day? Magic. Nice. Small stakes. Yeah, I won't be spitting on anybody's face in the back office this week. I can guarantee. Well, perhaps if Aaron McCarthy was to royal you up again, if you get beaten in a photo finish and you send out another WhatsApp saying, oh, that's a done with that might but no, you're too much of a class act for that. And indeed, we all are. Right, that's it. Boys enjoy punches down. It is going to be the Willy Mullins show. It is William Mullins bingo in full flight, but I'm still looking forward to it. It's a terrific way to bid farewell to the jump season. And then we're focused on the flat, but then so we can be here to break down a bunch of them with us. And indeed, the jump season in total next week and then we're all about the classics. Just briefly learns any thoughts on Frankie Victoria doing the flying dismount just a little bit too early on chaldean the other day, Perry. And yeah, I'm not as big as fan, as I've made clear before on the program. And I thought it was very poor. I thought it was, look, I've only seen it once or twice, and I
The Trish Regan Show
"250 grand" Discussed on The Trish Regan Show
"Joe Biden just did like this huge one 80 on climate. I mean, excuse me, is this the same guy that sat there in the debate and said, absolutely no drilling, no drilling. We're never going to drill on federal lands. And now, what do you know? He's got his willow project up there in Alaska, $8 billion with ConocoPhillips. I mean, look, I'm all for it because I think you need as much energy as you can possibly get it. It was kind of foolish to wind up in the situation that we're in in Ukraine without having a backstop of U.S. energy, but this is not going to go over well with the base in his party. Now is it Dave? Well, it's so interesting because nobody really knows what Joe Biden believes anymore, right? Like, so when he said the no drilling thing during the debates. It's like, okay, I get it. You're playing to the base on that one. And you'll probably moderate when you're president. Now that sort of seems like what he's doing in this case. But who knows what he really thinks when it comes to climate change? Does he honestly think anything related to any of this or is this that the inmates in essence are running the asylum? And every now and again, it gets so crazy with the progressives that we're going to have to completely destroy the economy and the name of AOC's Green New Deal and whatever else they're trying to push on us and the ESG stuff and all the diversity and equity stuff. Every now and again, it gets so wildly out of control that whoever is pulling Biden's strings, whether it's doctor Jill Biden or whoever it is over there, whether it's Barack Obama or who knows, they somehow get him to moderate just a tiny bit at moments. And that's what this one strikes me as. So of course we can not completely abandon American energy. We should have never been doing it in the first place. I completely agree with you. I mean, we should be drilling more and more. We should be really the planet's number one exporter of this stuff. And instead, we are constantly just kneecapping ourselves. And, you know, unfortunately, that's just consistent
Bloomberg Radio New York
"250 grand" Discussed on Bloomberg Radio New York
"Slash stem. And here's what's making news in science, technology, engineering, and math. A major new United Nations report being released later today is expected to provide a reminder that time is running out. If humanity wants to avoid passing a dangerous global warming threshold, the report by hundreds of the world's top scientists is the capstone on a series that summarizes the research on global warming compiled since the Paris climate accord was agreed in 2015. It was approved by countries at the end of a weeklong meeting of the United Nations intergovernmental panel on climate change. While millions of fish have washed up dead in southeastern Australia and a die off that authorities and scientists say is caused by depleted oxygen levels in the river, after recent floods in hot weather. The department of primary industries said the fish deaths were likely caused by low oxygen levels as floods recede, a situation made worse by fish needing more oxygen because of the warmer weather. And Volkswagen is planning an even cheaper electric vehicle VW brand chief Thomas schaefer told a German magazine, there could be a model selling for less than 22,000 as early as 2026. Last week, VW unveiled an EV that will sell for less than 27,000 when it reaches showrooms in 2025. And as the Bloomberg stem report, Nathan. It sounds like the opposite of sticker shock. Thank you, Karen. We're coming up to 6 52 on Wall Street. It's time now to check what's going on in D.C.. Some of the top stories in our nation's capital have tangential relationship to what's going on in the financial sector. Congress is preparing to take action on the banking crisis. Democrat Elizabeth Warren sits on the Senate banking committee until CBS face the nation, the cap on FDIC insured deposits should be higher than 250 grand. Is it 2 million? Is it 5 million? Is it 10 million? Small businesses need to be able to count on getting their money to make payroll to pay the utility bills. And senator Warren is taking aim at the chairman of the Federal Reserve on NBC's meet the press. Jerome Powell just took a flame thrower to the regulations. Weakened the weakened and weakened them, we can dozens of the regulations. Fellow Democrat Chris van hollen also sits on the banking committee and he's sounding cautious about wider FDIC coverage. We're not going to bail out any banks. There will be a question going forward as to how we deal with deposits over 250,000 as we're being covered here. But what the mechanism would be if we do it that at all is something very much up to debate. Senator van Holland was on Fox News Sunday. Also making news. Former president Donald Trump claiming the Manhattan DA plans to arrest him tomorrow over alleged hush payments to stormy Daniels, former vice president Mike Pence reacted on ABC's this week. Indicting a former president of the United States. And at a time when there's a crime wave in New York City that the fact that the Manhattan DA thinks that
The Officer Tatum Show
"250 grand" Discussed on The Officer Tatum Show
"Tomorrow hold a phone. I'll be back after the break. COVID tech's relief dot org got a small retail business almost $80,000. COVID tech's relief dot org got a manufacturing business nearly 250 grand and COVID tax relief dot org just got a large distribution business almost 900 grand. If you run a business, a church or a nonprofit and pay your employees through all or part of the pandemic, you could qualify for up to $26,000 per employee through the government's cares act. But beware of clickbait or pay upfront companies who
MMA Roasted
"250 grand" Discussed on MMA Roasted
"Over here living next to the ocean, you know? Yeah, well, I mean, it's just fucked up. You're a teacher and you got to worry about that. Your teacher who literally is like fighting is like I want to fight for money. It's like the teaching. That's crazy. That's insane. I mean, what, but you got to have at least a 100,000 saves up, right? We're heading to the we want to get at least two to two 50 saved up because like a house in the central valley is like 250 grand you can get a really nice house. And then over here, just a normal not even that nice of a house is like 700,000, so. Yeah. Yeah. Well, you got to put a 100,000 now, not only a 100,000, but you know, you got to put 10% down. So 75 down. Yeah, I wanted to give it up to make it affordable on a nurse and a teacher's salary. I needed to be like less than that, you know? All right. Well, listen, people. This is unlike the press now. 2022 is over. Bro, I'm like, no, I'm kidding. Cody, I'm, what is this? Where can I watch it? The fights on Friday, January 28th, to watch it. I believe the eagle FC is partnered with a platform company. It's free to watch. You just have to download the app. I believe it's called FL FLX cast. I don't know, go to E UFC's social media and they have it on there. But yeah, it's free to watch. It's Friday night, so. And there's some good fights on it. It looks like some interesting ones if nothing else. Yeah, I'm excited. You gotta get a girls lot to fight in this organization. Or no. I think they got girls fighting in Russia for eagle FC, so I would imagine. I know people have wondered about that. But no ring Hurd girls, other no ring cargo, I don't keep thinking I ran car girls. I don't know, yeah. So what are they gonna have instead? They're gonna have like I can make a hundred jokes right now. It's gonna be as bula and like other little little people walking around. Oh God. I hope I get to beat that kid. Katie's like, he's like 50. He's not a kid. Like 12. He's like 19. He's not holding on. You're a pretty good 20 year old. The whole thing is kind of, I don't know. And he was 12 to define. I'm not even. And he was like 6 or three. The whole thing is disturbing to me. Ring car girls. I mean, there's a lot of things I can say without want to piss off the Islamic community. Anyway, listen people, thank you guys so much for being on the podcast. Billy you're the best. You are going for ya. I want to write that movie. Take care, guys. Do it..
WJR 760
"250 grand" Discussed on WJR 760
"News editorial page editor and my boss for My Monday column, which I didn't have today for a variety of reasons. Maybe I'll get into a little later, but Nolan Finley is here. All round. Nice guy. And I said nice things about you, Nolan Even before I started writing for the Detroit News. Well, thank you, Paul. Appreciate it. We missed you today and it it it's because of problems that start off with You can drain a bottle of beam on Saturday night, and as long as you're sober when you walk into work on Monday morning, it's nobody's business. That's right. But not so with marijuana, which stays in the system and shows up in your hair and your urine and everywhere else Long after you had your Little marijuana to come down with or relax with or whatever you do, recreationally. And therein lies part of the problem, I guess, huh? Well, yeah, it's hypocritical, and it's not fair. We've got to finally accept the fact that this is a legal product and that people who use it on their own time. Uh, and can the ways they choose to use it should not be treated differently than people who use alcohol, recreational e. I mean you and I both have recreational drinks. It doesn't mean that when we come to work were impaired, and I think the same can be said. For many people who use marijuana on there on the weekend or on their own time or an off hours. Uh, they should not be banned from the workplace. They should not be excluded from the job market. Well right now The job market is so tough. Um, I'm thinking that that employers as long as somebody doesn't come to work high or drunk. That they have a better chance of getting a job. People in the in the I need people to work for me market are not looking for excuses not to be able to hire them. Well, except that we've got half the employers little over half the employers still required drug test And if you require a drug test and a drug test comes back positive, you almost locked into excluding that cat that candidate and I agree with you. It's tight market. We shouldn't be shrinking labor pool. We shouldn't be shrinking it by, uh, not taking a good look at Returning citizens, people who are getting out of prison or who have felony records and have restored their lives. We should be giving those people a chance we should be looking at, uh, other requirements. I mean, Uh huh. Does every job have to have a degree diploma or whatever do is, he's the goal should be getting people to work, filling these positions and restarting the economy. You know all the years you've been a boss. Nolan Finley, Detroit news editorial page editor Over the years you must have seen people who have come into work who maybe came into work after drinking. Maybe we're still a little drunk from the The hours before or whatever. It's it seems to me. It's pretty obvious when somebody is under the influence of booze or alcohol. Is it the same with somebody under the influence of marijuana? Have you ever seen somebody that you've said to yourself? Jeez, I think that guy's or that gals high coming into work. Of course, but it's been rare and you know, um, I can remember as a young reporter the first some put time somebody got fired for being drunk on the job. We all looked at you at each other and said, You can get fired for that there. But for the grace of God go, I It's a different It's a different era it now but It's true that in the since you just brought that up, it is so true that in the old days, reporters were almost It almost seemed like a requirement to be hard drinking hard smoking reporters. That's long gone. It is. I remember stories about the old uh, Detroit Times and an editor there and have a former editor there told me once. No, he'd walk in the door and there was a grassy area in front of the building, and he'd stop and and shake his reporters pick up his reporters, Uh, from amongst the winos who were laying out on the grass to tell one from the other. Oh, those were the days Nolan. Those were the days you should have seen the Atlantic Ocean, then Paul. Hey, you do quote a good friend and a great community leader. Cindy Passkey, Chief Executive of Strategic Staffing Solutions Co chair. Of our mayor Mike Duggan's Workforce Tasks force. She seems to have a pretty good handle on this. Her opinion. Yeah. I mean, she makes a good point is, uh, if there is safety and security concerns for a position, Absolutely, Uh, you know, drug test if you need to screen for alcohol, whatever you need, uh, to make sure you're not compromising safety. But for most other jobs that don't involve safety or are putting other people at risk. Let that go, You know, let's get over the fact that Uh, you know, whatever, Lingering objections we have to marijuana and put people to work. She says that we trust workers who use alcohol recreationally not to do so on the job. We should also trust marijuana users not to get high at work. So I mean, it doesn't amount to punishing someone for engaging in a legal activity outside of the workplace on his or her own time. So It will be an interesting thought. It's taking us longer than one might have imagined to get used to this whole idea of legal marijuana. There are a lot of sidebar ramifications that make it very Very strange, Actually, Nolan Yeah, it is. I mean, we we we, As I wrote a couple of weeks ago. We keep, um, trying to bury this proposal. The voters of Michigan Past to legalize recreational Mary marijuana. We keep trying to bury it under a blanket of regulation and licensing means and everything else. I think we should You know that we've made it legal. We should treat it just like we treat alcohol. That was the name of the proposals Treat marijuana regulate marijuana as if it were alcohol. We don't do that. And we should you know all these little specialty stores that you have to go to to buy. Part and whatever itself sell it at the CBS put it on the or it, sell it at the Costco at the liquor store the party store, put it on the shelf and trust the people who have been selling. Alcohol, which is also controlled, regulated substance. Trust them to get it right. I think they're trying to set up this quasi Legal, um set up where you know you. You still got people growing it in their backyards and being able to distribute it, Get rid of all that and treat it like a legal Product the same way you do alcohol. All right Before we run out of time here, Nolan, If you were given the chance to go up in the next Virgin galactic flight, like Richard Branson just did over the weekend, would you do it? Oh, in a heartbeat, Paul. I said yesterday to somebody if I knew I were, um uh I were on my way out. Had a terminal disease. I would I would take my last 250 grand and buy a ticket. Uh, On on, uh, one of those, Uh, brilliant, But you're not. For God's sakes. Tell me you're not suffering a terminal illness. Who knows, Paul, I hope that no, but I'd certainly go. Okay, I would not. And if I had 250,000, I don't even care if I did have a terminal disease. There's.
Biz Talk Radio
"250 grand" Discussed on Biz Talk Radio
"International Man of Mystery premiered, Mike Myers said he used to flirt with his wife. By using an exaggerated British accent, and it always made her laugh. And that's where the Austin Powers character came from. Fun fact, Daniel Craig complained that Austin Powers would ruin the James Bond film franchise because people would no longer be able to take James Bond seriously. A piece in Forbes magazine speculates that Congress has eventually going to come after our retirement accounts to raise more money for all those big spending programs, Brian, I'd like to get your thoughts on a few of them. Changes they might be considering. Yeah. Does it involve one million, you know? Yeah, it's talking about stealing your $1 million. No, so they have they? They plan and it's just crazy. What's coming out the amount of Changes. Um We're trying to keep up with it. But at the same time, nothing's been nailed down yet, so it's kind of hearsay, right? But what they're saying is the tax increases proposed if I would raise only a fraction the revenue they want. So what they want to do is do secure act to point out. We talked about secure act for required minimum distributions might be imposed on original owners of Roth IRAs and 41 case, In other words, one of the advantage to Iraq Is that you can just defer it right? So it's 72. If you don't need to spend it can keep on deferring the tax and I'm not different. Deferring the distribution, right? You just let it grow. Right? So are you saying that a Roth IRA is exempt from the rmd? Right? Completely right? And what they're saying here is that they may want to force you to take distributions now. It wouldn't be taxable to you. Is what this proposal saying, But you have to take it out and re invested in something else. Right? Okay. And so you Now, if you re invested in your taxable account, capital gains are taxed. Dividends are tax. Right. And so that's what they want. And then you know, you do that on a large scale you get, you know trillions of dollars going into more taxable accounts. So the backdoor Roth irate, maybe eliminating what that is. Let's say you and your wife work and you've got a 41 K and you're making over. Let's say $250,000. It's actually over 200. But let's just say you're making 250 grand and you can't put in a Roth when you he was called phase out. Uh, you make too much money when it's about over 200. So you have the ability to put in after tax IRA. Anybody can do that, because it's just wrong, and a lot of advantage gets tax going in, and then when you take it out later, it gets taxed again. That's a terrible idea, right? Um, but here's the thing. So what they do is say if you if you put it in a backdoor error, so that's it's just flying. Really. It's not in the iris code, right, but you put it in and I'm sure there's a much more technical term for him. Really? Just an after tax Ira. And then what we do is leave it in money market and converted right away. Okay, so then you you get a, um into the Roth that way, But you can't. There's rules. Pro rata rules. You can't have $100,000 An I R a And convert this little 7000 piece of it. It's very confusing, but you've got to be careful about what other accounts you have. So that's where consolidation is very important. Somebody comes in and like, yeah, I want to do with this back door. Roth in the U. S seven different accounts all over the place. We need to. We need to clean this stuff, right? That's one thing. Then there's something called. They don't really call this, but it's a after tax contribution of up to 24 37,001 K. So that's in addition to your regular pretax contributions, so these can be rolled over to our Roth. We call this kind of like a mega Roth Because you can put it in after tax. We have people that work at a P and they're putting up to 37,000 into this After tax account. They get on the phone with us, and they transferred over. To their their raw firing that they have outside that we manage and that money is just dumping in. And the rule. They're also able to put into the Roth 41 K 26,000. So you add that up your goodness gracious people are putting on so in the The advantage to this is that they're putting more than normally is a lot, but Congress wants to eliminate the stretch. Yeah, so because that's Getting away with not paying taxes well, but you pay the tax going in. In all fairness, you paid the tax going in. What? What we're trying to do is, you know, play that hedge of Let's Let's try to figure out ways that we can pay less now. Roth IRAs. And and forward gives all these rules is confusing. Yeah, Who is it? So the idea is, how can we figure out ways to save now and get tax free growth while in hs A is a great way to do that, But they aren't talking about eliminating that so all the rules that they're trying to do is not in your favor. I mean everything. Big day There's there's rules, and then there's rules. And there's more rules, right? Um and so the maximum contribution seductions and referrals can be reduced so that higher income taxpayers could basically received Less of a benefit. They you know they want the Middle America to be able to find the 41 k or Roth or whatever. Maybe, but they don't want someone that has has Lot of income to have that advantage to that to that benefit, But guess who is the one that's going to save it in as a hand culture, So it's kind of funny that they're restricting that when that's only going to help the economy because when you buy into the stock market inside your four, Okay, what are you doing? Find shares in a company and they will take that capital and invest and grow..
Biz Talk Radio
"250 grand" Discussed on Biz Talk Radio
"James Bond seriously a piece and Forbes magazine speculates that Congress is eventually going to come after our retirement accounts to raise more money for all those big spending programs, Brian I'd like to get your thoughts on a few of the changes they might be considering. Yeah, calmness doesn't involve one million. Oh, yeah, it's talking about stealing your $1 million. No. So they have they plan. It's just crazy. What's coming out the amount of changes We're trying to keep up with it. But at the same time, nothing's been nailed down yet, So it's kind of hearsay, right? But what they're saying is the tax increases proposal far would raise only a fraction the revenue they want. So what they want to do. Is Do secure Act two point? No. We talked about secure act for required minimum distributions might be imposed on original owners of Roth IRAs and 401 case. In other words, one of the advantage to a Roth Is that you can just defer it right? So it's 72. If you don't need to spend it can keep on differ in the tax and I'm not different. Deferring the distribution, right? You just let it grow. Right? So are you saying that a Roth IRA is exempt from the rmd? Right? Completely right? And what they're saying here is that they may want to force you to take distributions now. It wouldn't be taxable to you. Is what this proposal saying, But you have to take it out and re invested in something else. Right? Okay. And so you Now, if you re invested in your taxable account, capital gains are taxed. Dividends are tax. Right. And so that's what they want. And that's on. You know, you do that on a large scale you get, you know trillions of dollars going into more taxable accounts. So the backdoor Roth IRA may be eliminated. What that is. Let's say you and your wife work and you've got a 41 K and you're making over. Let's say $250,000. It's actually over 200. But let's just say you're making 250 grand And you can't put in a Roth When you you was called phase out. You make too much money when it's about over 200. So you have the ability to put in after tax IRA. Anybody can do that, because it's just rolling. A lot of advantage gets tax going in, and then when you take it out later, it gets taxed again. That's a terrible idea, right? Um, but here's the thing. So what they do is say if you if you put it in a backdoor error, so that's what this is flying. Really. It's not in the iris code, right, but you put it in and I'm sure there's a much more technical term for it. It's really just an after tax IRA. And then what we do is leave it in money market and converted right away. Okay, so then you you get a Um into the Roth that way, But you can't. There's rules pro rata rules. You can't have $100,000 an I r a and convert this little 7000 piece of it. It's very confusing. But you've got to be careful about what other accounts you have. So that's where consolidation is very important. Somebody comes in and like, Yeah, I want to do one of those backdoor Roth in the U. S seven different accounts all over the place. We need to. We need to clean this stuff, right? That's one thing. Then there's something called. They don't really call this, but it's a after tax contribution of up to 24 37,001 K. So that's in addition to your regular pretax contributions, so these can be rolled over to our Roth. We call this kind of like a mega Roth Because you can put it in after tax. We have people that work at a A P and they're putting up to 37,000 into this After tax account. They get on the phone with us, and they transferred over. To their their Roth IRA that they have outside that we manage and that money is just dumping in. And the rule. They're also able to put into the Roth 41 K 26,000. So you add that up your goodness gracious people are putting on so the the advantage to this is that they're putting more than normally is a lot, But Congress wants to eliminate this track. Yeah, so because that's Getting away with not paying taxes well, but you pay the tax going in. In all fairness, you paid the tax going in. What? What we're trying to do is, you know, play that hedge of Let's Let's try to figure out ways that we can pay less now. Roth IRAs. Uh and and four wickets. All these rules is confusing. Yeah, Is it so the idea is How can we figure out ways to save now and get tax free growth while an H s a is a great way to do that? But they aren't document eliminating that so all the rules that they're trying to do is not in your favor. I mean everything. Big day There's there's rules, and then there's rules. And there's more rules, right? Um and so the maximum contribution deductions and referrals can be reduced so the higher income taxpayers could basically received Less of a benefit. They you know they want the middle America, uh, to be able to find the 41 k or Roth or whatever. Maybe, but they don't want someone that has has Lot of income to have that advantage to that to that benefit, But guess who is the one that's going to save it in the line has a hand culture. So it's kind of funny that they're restricting that when that's.
WBSM 1420
"250 grand" Discussed on WBSM 1420
"That man. He had a bad man watch for himself and his girlfriend. So this guy he was a prosecution witness, Charles Celebi 39. He worked at his family's Fall River store for years, and he arranged for a city hall meeting in 2018 about his plan to open a retail marijuana shop next door. And, uh, Korea told Salvi this. The mayor told the Celebi that he would supply a letter allowing him to open the store. 250 grand. Wow. Holy Batman. And raid That's the hastily excused herself. This is the aide who went along and that's the thing. Why did why did the mayor always taken age with him? As a witness? I mean, he's violating all the rules of shakedown. Do you want to get you want to have what? You wanted to be one on one my word against yours. Leaving the two men alone to negotiate. So he they settled for $125,000 is a bribe. As Korea. The mayor left the building and raid that's the female aid turned to him and said, your family now Family. And so then he pulls up the collector. He the mayor pulls up outside the store in the city issued SUV to collect the first installment of the bribe. And he had taken 70 guy had $75,000 cash. Most of it in $100 bills from the family business is safe, wrapped in stacks of $10,000 in place that inside a metal box. This is such a wacky story because Jay's all Korea when he was a city councilor at the age of 19, or whatever. He accused the ven mayor of taking him down to the docks at midnight and pulling it gonna, Yeah. And so he was saying was like something out of the Godfather. But now he's you know, in the family. Now I know understate regulation. The host city, which befall River could require a marijuana business to pay as much as $50,000 annual. That's in tribute, I guess or things or whatever. But Korea agreed to $25,000 In exchange, the mayor said he wanted the bride from so silly be increased from 125,000 to 150,000. So in other words, instead of the city, getting 50,000 The city would get 25. The mayor would get 20 another 25. He extorted altogether. He's 29, a Democrat. He stole $600,000 from the marijuana vendors. So then another guy who was trying to get a marijuana license. He was the very disturbed when they when he took the $175,000 bribe to open the business next to him. So this guy His name is Chris Harkins. He arranged to meet the mayor's aide and raid for lunch because Korea told him that she'd lobbied for the other store. During the lunch. Harkins that's the other owner, said the female aide told him she wasn't responsible for approving the other dispensary in the Korea quote has been meeting with a lot of shady people. You think Harkins, the witness said the female aide told him you want to hear something even more bleeped up. He's taking half of my salary. Wow, this guy if he's taken 50% of the salary, and he's and he's carrying this woman around with him as a witness, you think she's a little better that she's given up half her salary for this guy. Usually you only charge like 10% 20% pops. Hunter. Biden only had to pay 10%, didn't he? That's what he said on the laptop. All right. 844 542 42. I'm gonna be spent a lot of time on the cape this summer and the driving around Grace and I will be doing remote sites and we'll be hanging out on the on the weekends at the Cape. I'll be going to the some of the local Hotels with nice pools and just hanging out and enjoying myself at reading. And you know what I'm gonna be taken with me is my wake on wireless ear buds. I'm gonna be enjoying it. Wherever I go. I won't be bothering anyone else. Nobody else in the car will be bothering me with their music or their true crime podcast or whatever else they're listening.
KFI AM 640
"250 grand" Discussed on KFI AM 640
"I don't know how they get the money. Maybe it's an IOU. But the California Republican Party gave 125 grand The recall against Newsome before there's a late to the party. Finally, is that their first infusion? I don't know. First, I remember seeing If way, know that the National Republican Party gave I think it was 250 grand. Mike when the Republican Party gave half that amount, Mike Huckabee Through in 25,000. He did yes. Yeah, I heard a couple of the e think Gingrich gave something to Newt Gingrich. Maybe. Like, uh, yeah. If you get money he was expressing support for you might have given money. Not sure. A lot of good you're expressing support can write it right? Right. But it looks like the recall has got over $3 million, which is a significant amount of money, and they had real good success, though. And getting online and mail ins through their direct mail campaign. They mailed a lot of petitions out to people. Right. They sent it to Republican House holds a lot of mixed households, they said, and they got a surprising number back. Mm. Lot of the time that Mailer stuff doesn't work, but this collect That's clicking every day because frustration out over the school's everything unless you're some silly partisan hack. Everybody's unhappy with what he's doing. Everybody is everybody. There's like 12 different reasons now. Be disgusted with what's going on. Like the schools. You see the parents out there. I'm going through puberty, the schools or another one. I mean, every parent must be livid. Right now. They're teaching all effect. There was a map today. In one of the stories which showed that the states where the schools Are open. The least is the West Coast. Eyes. All these weirdos crosses section 10 and Oregon. Yeah, but there's a lot of states where people have had school running since September, October. How do you think your kid is gonna fare against all these other kids who've been able to go to school the last six months? What do you think That's going to be like in college? Imagine your senior graduating this year trying to get Noah College. What they're gonna be up against. Soon school is is for for losers. That's that's what's going to sink him Also, you know, finally assume school is for losers. Assume school's for losers like yours, user. I couldn't imagine I I have absolutely no patience for presume. I don't know how people do that. I just I just can't sit there. I don't know Big people at the zoo meetings. It's ridiculous. Well, if I've imagined before the pandemic, there wasn't much going on anyway. No idea. I've never even heard sit there on the table and have their meeting. I know. I know. I just couldn't be part of that world. I'm telling you This thing ever goes down. I'm opening a vegetable san, you guys? No, really, Because that's the only kind of work I could do. I could sell vegetables selling vegetables, Kale, broccoli food. Yeah, right. Well, it's easier in selling me. Yeah. I mean, you don't know anything about vegetables shot himself. You put him in a basket and say, you know, here they are. 99 cents. You have to live by them. People have questions. Like how long the last on the shelf. You could be my assistant manager. How much you gonna pay me? Depends on how many vegetables we sell. Ok, Alright. Alright if you're good If you're a good salesperson than making a person you don't want to go in a zoo meeting here, do you? Not really. No. So you'd want to work in a vegetable stand too. That's true. Yeah, Johnny can.
600 WREC
"250 grand" Discussed on 600 WREC
"And and you've developed these these? These are highly skilled jobs. Hard jobs, too. And they're very skilled specifics, not like said, Well, I'm gonna take my pipe my my pipe building skills and I'm just going to turn it into. Well, how can I build solar panels and I'm gonna get paid the same amount of money. It's not how it works. We've interviewed people on this program that we're working on the Keystone XL pipeline. Is there dessert? Skilled professionals, hard labor, Tough weather conditions and, you know, got us to the point the first time in 75 years where Energy Independent. That's good for our national security. Why? Because inexpensive energy guess what? All that means that we don't have to rely on Middle Eastern countries, some of whom hate our guts. For the life, blood of our economy and the world's economy. We didn't have to rely. You know, our Western European allies could now count on us for energy and not be reliant on the hostile regime of the hostile actor Putin and Russia. Chinese are loving it because they're not stupid. They figured out that's gonna that's gonna crater the the American economy. We're talking about guys jobs with, you know, six figure jobs. Making six figures. Anyway. We had one guy on made 250 grand a year. How cool is that? Amazing..
KFI AM 640
"250 grand" Discussed on KFI AM 640
"See, they've expanded as we just mentioned last hour this afternoon. They're going to allow people with underlying medical conditions. Ages 16 to 64. Get the vaccine beginning March 15th, so that's just going to add to the lines that's going to add to the crush to get appointments. Here's the Los Angeles Times, which is not interested in finding out the discrepancy. They claim that California has been given 7.8 million. Vaccines. 7.8 million. And as I told you, we've only used 5.5 million. So how does Dodger Stadium end up with zero? And how does Garcetti and Newsome stand flat footed sucking on their thumbs soon? Oh, you want us to do there are coming in. Have you checked the mail every day? They're just not there. It's crap. Those vaccines have gone two counties that don't have the demand we have. It was allocated poorly. He should know that and he should get him redistributed. We've got the worst case load in in the state. And our biggest vaccination. Center. Dodger Stadium has zero. To two miles from Dodger Stadium. Some of the biggest hot spots in the country. This is garbage. This is not and everybody lets him get away with that. Astonishing. I'm onto my crazy in the L a times. This is their website. They're telling us that 7.8 million And they don't have any stories on explaining why. Over two million vaccines aren't in people's arms with Garcetti standing round goes over It's just this garbage whatnot. Yes, Video. We have that appointments. I don't know how early you could make an appointment, but I guess maybe those they're set up for coming appointments. White into him set up for today. No, I meant other other counties. Only. Oh, I don't know is only l. A city's delaying. Nobody knows me. The county Web. The county vaccination sites are still open today. It's just the L. A city site, so and by the way, if you haven't gotten through yet Yeah, You got a lot more competition coming because now they're opening it up to people ages. 16 to 64 who have major medical conditions. March 15th cancer, chronic kidney disease, chronic pulmonary disease That's one problems. Immune system. Pregnancy, sickle cell heart conditions, heart failure, coronary artery disease. Severe obesity type two diabetes. So congratulations, all of you who ate and smoke too much. You're gonna get a prize for all your bad living on the recall front, too quick news items. The Republican National Committee is going to give $250,000 towards the recall Newsome effort. They will launch a digital and texting program encouraging people to sign the petition. So I wherever the money comes from, That's good news. 250 grand. Oh, yeah, that's excellent. Yes, Phase $3 in something a signature Roughly 3 53 73 70 That'll help get some Signatures and not that anybody was asking. But since we're expecting a recall, they were expecting to have a ballot vote. People went back to 2000 and three the last time this happened. Gray Davis, of course, was recalled. But what was important is that there was a an enticing name on the ballot. Replaced Gray Davis and that was Schwarzenegger. So people were fishing around for a comparable name for this year, said the recall happened and I don't know how this happened. But the name that came up was Caitlyn Jenner. And her people said she will not run. Caitlin is not running for governor has never considered running for governor and his very happy doing the work promoting LGBT rights who started that rumor? But I think Bruce Jenner was kind of Republican wasn't anyone? Yes, he was. He was, in fact, he was on our show promoting Schwarzenegger when he ran. Oh, yeah, back when he was Bruce, and he was one of the dads that our preschool He used to talk about. You know, he was. He was pretty a very solid conservative Republican. That must just not crazy. Like somebody was fishing around thinking. Well, who can They get that? Make a splash like Schwarzenegger did Right. Well, what about Caitlyn? Caitlyn Jenner of you? Well, we don't really have a lot of high profile Republican people in the steak. Well, that's see. That's an indictment that all these Republican before owns, Don't think any any. There are any candidates. They're they're going to put together a powerful, charismatic campaign to get people's attention and can actually get Democrats and independents to flip and vote for a Republican. Right? I mean, they, you know, they think that there's nobody really strong even though Kevin Faulk during John Cox have announced that they're running already announced, But they're probably not too stirring up a lot of interest among those groups. You just mentioned Kratz and declined to states independent because, you know, right instead of looking to see if people have the right policies and the right ideas And if their experience shows that they're capable in some way, and I'm not. We're not endorsing anybody. But instead of doing that, they want to go Who's famous work then, didn't it? Yes, Yes. You have 100 people on the ballot yet, right? You jump in there and be fun. Uh, Dog. No, it's hard. All right way. Got a first round of the boy slide and we do have hacked through the Dumpsters. Svetlana and the crew are here to throw a hack in the Dumpster Forest today and Wu Gonna have to show some strength and really cold that lid down because this person is, let's just say loud now. It's spoken. Yes, this is a noisy hacking a dumpster today. John and Ken show. Okay, if I Deborah Marquez State health officials have updated the.
KSFO-AM
"250 grand" Discussed on KSFO-AM
"Our to Sean Hannity Show 809 41, Shawn, You wanna be a part of this six Carrabba Gansa. So, with all of the climate madness mandates predicated on a conspiracy theory. A belief the climate truther zao out there telling us the world is going to end in 12 years. We're now let it we are now wiping out Some of the best union highest paying Career jobs in the country. You just stop for a second. Just take this in and absorb it. If you're one of the if you're if you're somebody who works In the energy sector. And and you've developed these these? These are highly skilled jobs. Hard jobs, too. And they're very skilled specifics, not like said, Well, I'm gonna take my pipe my my pipe building skills and I'm just going to turn it into. Well, how can I build solar panels and I'm gonna get paid the same amount of money. It's not how it works. We've interviewed people on this program that we're working on the Keystone XL pipeline. Is that these air skilled professionals, hard labor, tough weather conditions and, you know, got us to the point the first time in 75 years where Energy Independent. Well, that's good for our national security. Why? Because inexpensive energy guess what? All that means that we don't have to rely on Middle Eastern countries, some of whom hate our guts. For the life, blood of our economy and the world's economy. We didn't have to rely. You know, our Western European allies could now count on us for energy and not be reliant on the hostile regime of the hostile actor Putin and Russia. Chinese are loving. It sent up stupid. They figured out that's gonna that's gonna crater the the American economy. We're talking about guys jobs with, you know, six figure jobs. Making six figures. Anyway. We had one guy on made 250 grand a year. How cool is that? Amazing. You have other guys making 100 grand a trade with training truck driver's training you And to make 80 started 80 grand a year and all the overtime you can ever want or need. Transforming people's lives, just stroke of a pen gun. Leonardo to crappy. Oh, I was just reminded that I did not think of that. Okay, and people like Leonardo to crappy. Oh and Scarlett, Jo Hanson And all attribution And prays to those responsible, which makes me laugh. But you think that there but you gotta close the Dakota pipeline. Then you gotta shut down and more which Biden is doing. There's no legislation involved in this. This is just stroke of the pen stuff. And now it's bad for national security. It's bad for the economy. Now you think of it, bring it down on the personal level. Those people that don't have jobs. What is it? Okay. How are they feeling today? I bet that I'm feeling good. They were counting on these jobs counting on this career path that they had chosen as difficult as it is working hard every day. Most people don't work eight hours a day that that's that's a thing of the past. My parents taught me that they laughed at the idea. Eight hours a day. Mother. Prison guard 16 hours shifts regularly. Exhausted. Father waiting tables on the weekend. Didn't grow up with a silver spoon in my mouth. That's why I became fiercely financially independent. At a young age I was a little incorrigible. You know, my parents couldn't stop me when I was in high school coming home at four in the morning. I was working all night. Father would come in while I'm dead asleep and still have my money or more. He wasn't stealing it. He was putting in a bank account saving it for me. You didn't take it. Any 1 809 41. Shawn is our number. Now there are people that are battling back. Theater knee general for the Great State of West Virginia. Is now standing strong against this federal overreach. All these 56 now I think we're up to executive orders. Because it's destroying America's working class. Initially teamed up with six other attorneys general to address Biden's reckless abandon. You know, totally bypassing the Constitution and coequal branches of government, something he himself said. I'm not a dictator. I'll play for you. This Joe Biden is what he said about executive orders. I got to get the votes.
WCBM 680 AM
"250 grand" Discussed on WCBM 680 AM
"Mandates predicated on a conspiracy theory. A belief the climate truther zao out there telling us the world is going to end in 12 years. We're now let it we are now wiping out Some of the best union highest paying Career jobs in the country. You just stop for a second. Just take this in and absorb it. If you're one of the if you're if you're somebody who works And the energy sector. And and you've developed these these? These are highly skilled jobs. Hard jobs, too. And they're very skilled specifics. Not like so well. I'm gonna take my pipe my my pipe building skills and I'm just going to turn it into. Well, how can I build solar panels and I'm gonna get paid the same amount of money. It's not how it works. We've interviewed people on this program that we're working on the Keystone XL pipeline. Is that these air skilled professionals, hard labor, tough weather conditions and, you know, got us to the point the first time in 75 years where Energy Independent. That's good for our national security. Why? Because inexpensive energy guess what? All that means that we don't have to rely on Middle Eastern countries, some of whom hate our guts. For the life blood of our economy in the world's economy. We didn't have to rely. You know, our Western European allies could now count on us for energy and not be reliant on the hostile regime of the hostile actor Putin and Russia. Chinese are loving it because they're not stupid. They figured out that's gonna that's gonna crater the the American economy. We're talking about guys jobs with, you know, six figure jobs. Making six figures anywhere. We had one guy on made 250 grand a year. How cool is that? Amazing..
Biz Talk Radio
"250 grand" Discussed on Biz Talk Radio
"Usually he makes over 250 grand a year, right, But he's had a huge loss because he had all the expenses right. Still had the office staff expenses, everything but no income because nobody's traveling right? And an international, you know, firmed the ideas. You now you're sitting here with the loss he goes. We need to take advantage of this now. Well, I don't want to pay a text, but you may not, And it turns out that he didn't Right. It's like 100 80 grand and you're barely paying anything to convert it. You've got a deduction at 30%, the one client. I showed the effective radios paying like 10.1. Not 10% 100.1 was the effective tax rate. He was comfort. I'm like you kind of stole money from the government Does Paying attention. We're doing tax planning. So we did a whole tax return and said, Hey, your income. Is this so security that and we estimate all and say this is how much you can cover. It's not an exact science because we don't know exactly what's gonna happen. The next you know the end of the year, but the idea is, we're shifting it over. And showing the tax free growth even at a 7% or 10% of what you know if they're aggressive, you know or conservative, But the idea is that all that growth is yours. And you're taking advantage of the opportunity just like Oh, I should've on Amazon or Apple when it was $5 a share, right? You know, it's it's missing out on those opportunities where people make huge mistakes. Do you feel like that? Most people miss out on those opportunities Because I do. I mean, there's only a certain amount of people that work with you and maybe other financial advisors. I don't know. But my point is, I know you and we talk every week on this show. I feel like most people don't realize and don't take advantage. They missed those opportunities that you're discussing. They missed him because it's their fault. They just because they don't know. They don't know what I mean. We've had that. It's incredibly smart. People come in here and there. Like I said, we had a business owner the other day. I said, So. Have you heard of these three business tax strategies? No, I said you have C p A o. I've had multiple CPS over the years he had commercial real estate business. No. Here. Here's the low hanging fruit..