35 Burst results for "Car Loans"

Rittenhouse Defense Demands Mistrial Over Drone Video-Android Mishap

The Dan Bongino Show

02:19 min | 2 weeks ago

Rittenhouse Defense Demands Mistrial Over Drone Video-Android Mishap

"Matters here for our daily dose of legal analysis our good friend president Trump saw one of her former attorneys Jenna Alice Jenna Thank you for joining us for like day 72 We appreciate it Absolutely This is so important in everyone is watching this trial unfolding seeing how prosecutorial misconduct like not disclosing exculpatory evidence and not providing material evidence to the defense is a violation of due process I mean this is just one of many not just blunders but actual misconduct actions of the prosecutors I want you to explain in a second this dispute that's going on today this morning in the rittenhouse trial over this drone footage but you are correct And again I was on the investigator side You were a lawyer Prosecutor defense but if you were prosecuting someone for say a case I'd worked on a guy who was taken out rental car loans and other people's names If you have evidence indicating that subject is not in fact guilty of that crime and you don't turn it over you are finished if you're not prosecuted yourself as an agent discovery is one of the basic tenets of a fair criminal process So what they can you please explain what happened this morning with this drone video and what the disagreement is about Yeah this is absolutely insane And it's absurd So the current status of this in our good for inject by the way if people aren't following him on Twitter he's done a remarkable job just going through every single immediate highlight and giving you on Twitter kind of what's going on So he just tweeted out actually pictures of this drone video that shows what the sensory received and what the prosecution actually had And so it's much much more clear when you magnify onto Kyle rittenhouse about three times You can see a clearer picture of what the prosecution actually had of Kyle than what they provided to the defense the defense is saying well we texted it to you and they're actually blaming the defense for having androids instead of iPhone This is absurd Absolutely Wait wait wait come on stop This is not a joke right They're blaming the defense for not having the appropriate phone as deemed necessary

President Trump Jenna Alice Jenna Rittenhouse Twitter Kyle Rittenhouse Kyle
"car loans" Discussed on How to Money

How to Money

01:46 min | 3 months ago

"car loans" Discussed on How to Money

"With lauryn williams and joel until next time. Best friends out. Best friends out. What if you could get thirty dollars after joining better broker. Will you can within one finance once. You're approved deposit a thousand dollars in your account in one. Let's you easily manager finances and invest how you want for free. We'd say it's a million dollar idea but that's under telling you visit 'em one finance dot com slash money to learn more in. That's m the number one financed dot com slash. How money terms and conditions apply investing involves risk including the risk of loss and finance member. Finra sipc we are excited to tell you about an important new podcast from iheartradio and salesforce dot org called force multiplier. It's all about the exponential impact that positive relationships can have.

"car loans" Discussed on How to Money

How to Money

04:02 min | 3 months ago

"car loans" Discussed on How to Money

"What do you picture when you think of health savings account you. Oh i'm gonna put this money into that account and i'm going to save it. It's just going to sit there but that is not what we want you to do. This is a case of bad branding. Totally should be h. i. Account right Health investing count. These only seven percent of folks are actually investing the money that they put into an hsa That they have available to them. And this is according to the employee benefit research institute and that's understandable because no one talks about what a great investing vehicle. Hsa's can be. I mean we talk about it here but it's not often something you hear about. We actually did a deep dive back in episode one. Oh five so go back and check out if you're putting money into hsa and you're not investing those funds you want you to use your hsa to its full potential It really is the best stealth retirement account out there. And i've also heard some folks to say well make sure that you set aside enough in cash to be able to at least your health deductible but even so like you should have enough money in your emergency fund to cover any unforeseen health costs. Yeah in fact is to. You can count on the fact that you're probably going to go to the doctor at least once or twice during the year. So just set up another accounts within your savings buckets or however you have your budget setup but have an out of pocket. Medical costs category. That you can count on when it comes to things like deductibles or out of pocket costs. Yeah and that's really because you want to maximize the hsa you want to maximize our account because it has so many benefits that like you said that kind of go unnoticed. Or they don't get talked about. And so yeah. I if you do have an hsa and you haven't started investing inside of that. Go listen to episode five. Because it's going to be really eye-opening i think for how much power that hsa holds. It's almost like having a lamborghini. And then putting a governor on it to max it out the speed i like twenty miles an hour The hsa's are just so much more powerful than the way that they're being used by most people these days are. Let's let's keep moving map. There was a interesting article on jalal knicks website. This week about how awful car loans can be and Sadly actually this article was in slide..

benefit research institute Hsa jalal knicks
"car loans" Discussed on How to Money

How to Money

04:23 min | 3 months ago

"car loans" Discussed on How to Money

"Back we got some more stories to get you but of course we always have to get around to our ludicrous headline of the week. I i'm concerned are you. That was my hagrid voice from everybody. I thought i was gonna have to rush to the hospital. I was you like that was good. That was. We've talked about how reading harry potter to the to the kids. We're getting pretty close to the end of book three. Which so far dude. Book three is easily one of the greatest. It's so good. I got to say i know that pixar is not reaching out to us to do. Any voice overs for any of their characters. That's not gonna happen but let's get to this week's ludicrous headline and it is from the new york weak euro. You're a wizard terry. Because you can hear him saying exactly exactly. But yeah. This week's headline is is titled. Even your allergist is now investing in startups. This is a good one. Yeah this was a senator away by listener libby and yeah if you see a ludicrous. Financial headline police ended our way. We would love to check it out and maybe feature featured on an upcoming episode but yeah this one It was basically touting the fact that everyone can become an angel investor these days but we say that's actually a bad thing. I mean you should you be investing in companies with massive quote unquote potential. We would say no right. Big time angel. Investors like market entry matt. He's been one of the most successful angel investors of all time. He knows this very well. I've heard him say that to be successful angel investor. You need the best opportunities and you also need to get extremely lucky. Basically you're investing in three hundred companies hoping that three of them are lucky enough to just outperformed the competition to incredible degree in that infinitesimally. Small success ratio makes up for the other investments that fall flat on their face but yeah risky. Forms of investing seem to be the norm these days in our society but for our listeners. You should opt out of the angel investing arena. This is not something you should pursue. The fees are also really high. So there you're going to get eaten alive from that standpoint and then you're also just like hoping wishing a prayer and i guarantee you if it's available to you it is probably not one of the best angel investing possibilities out there. Assuming you're just one of these casual angel. Investors like shark tank have put angel investor within the the vernacular. Right like. it's a it's part of folks vocabulary now and they think oh well like when you're watching it on tv..

pixar harry potter libby terry new york matt
"car loans" Discussed on How to Money

How to Money

02:03 min | 3 months ago

"car loans" Discussed on How to Money

"The gap brands you know and love for apparel now has designs for the home only at walmart. The gap home collection reflects timeless. American style was super soft. Bedding lux bath. Essentials like plush towels modern dinner. Wear that lets you play with pattern or keeping sheikh for your next dinner party and pillows for days made with the planet mind gap is committed to doing good for the planet that starts at home from betting to bath. Gap home includes items made with organic cotton and recycled materials for more inspired fines for daily life shop at walmart dot com slash gap home ready for a new guy. But not sure where to start. Meet the tool that makes car shopping in financing. Easier with capital one auto navigator. You can find a car and get prequalified instantly. You'll get to real rate and monthly payment without even impacting your credit score. It's so simple. You might feel like you're taking the easy way out. That's because you are capital one. What's in your wallet. Terms and conditions apply find out more at capital one dot com slash auto navigator looking to build wealth beyond the stock market gain access to alternative investment opportunities once reserved for the ultra-wealthy with yield street build a diversified portfolio with investment such as real estate art commercial finance and other alternatives typically with low stock market correlation and targeting annual yields of up to fifteen percent yield street investment minimum. Start at one thousand dollars head to yield street dot com to join over two hundred and seventy five thousand and create your account today. Welcome to how the money i'm joel. I'm matt today. We're discussing student. Loan payment pause the worst car loans and avoiding this common. Hsa blunder..

walmart joel matt
Q&A: Should I Invest in Real Estate or Pay Off Student Loans?

Real Estate Rookie

02:28 min | 5 months ago

Q&A: Should I Invest in Real Estate or Pay Off Student Loans?

"Question comes from my instagram. Actually it was a dm. I received from. Benjamin says hey actually recent follower of real estate rookie podcast in love the content you guys produce aim just getting my feet wet learning about the real estate mental game. I know you've mentioned subscribing to the dave ramsey school of thought in some ways on the podcast. I wanted to get your thoughts on the idea of starting investing in properties while you still have a fairly substantial amount on student loan debt. My wife and i are both in the medical field and have good salaries. But i don't want to wait another five to seven years until i can pay off. Student loan debt to get involved with passive cash for rentals. Just wanted to get your thoughts on the matter. Thanks what do you think. Tony rose name or the ben been. This is a deeply kind of personal decision to make because the idea of debts and investing. It's kind of a kind of a polarizing topic. I can share with you. What my story was we. In comparison to the income that we have our w jobs. Our debt was a relatively small percentage. In comparison to the amount of money that we had saved up we could have easily paid off all of our debts with the money that we had our savings account and in stock market. We chose to focus on the high interest debt so we paid off most of our credit card debt. We decided to leave our car loans and our student loan debt because both of those relatively low interest rates where i like you know i think our car payments like three percent or something like that so for us. We made the decision that we could either pay off that debt it's only costing us three percent and interest or we could use those funds to garden bind restaurant properties do four or five ten x that so we made the decision. Say okay. we're comfortable with the small amount of debt because again in relation to our total income. It's not ruining us financially. Rats not preventing us for moving forward but we want to put this morning to work and our investments. I think if we were in a position where we didn't have a good amount of money saved up or our debt load in relation to our income was really tight right. There wasn't a lot of space there. The maybe i would put a little bit more focused on paying down that debt. So i think it'd be really personal. Decision been based on a lot of factors that. Unless you're sitting down together really getting deepens have bins personal finances might be hard to give you a solid answer.

Tony Rose Dave Ramsey Benjamin
"car loans" Discussed on Optimal Finance Daily

Optimal Finance Daily

02:36 min | 6 months ago

"car loans" Discussed on Optimal Finance Daily

"You're <Speech_Female> <Advertisement> <Silence> <Speech_Music_Female> <SpeakerChange> investing <Speech_Female> over time. <Speech_Female> The purchases <Speech_Female> occur regardless <Speech_Female> of the stock <Speech_Female> <Advertisement> prices and at regular <Speech_Female> intervals. <Speech_Female> This strategy <Speech_Female> removes much <Speech_Female> of the detailed work <Speech_Female> of attempting to <Speech_Female> time the market in <Speech_Female> order to make purchases <Speech_Female> <Advertisement> of equities at <Silence> <Advertisement> the best prices. <Speech_Female> A great example <Speech_Female> of this is <Speech_Female> your 401k. <Speech_Female> Your contributions <Speech_Female> are <Speech_Female> deducted from every <Speech_Female> paycheck and <Speech_Female> invested regardless <Speech_Female> of what the <Speech_Female> market's doing <Speech_Female> dollar cost. <Speech_Female> Averaging is a good <Speech_Female> strategy for most <Speech_Female> investors because <Speech_Female> over the long <Speech_Female> term asset <Speech_Female> prices tend <Speech_Female> to rise. <Speech_Female> But they don't consistently <Speech_Female> rise over <Speech_Female> the short term <Speech_Female> so if you're <Speech_Female> purchasing equities <Speech_Female> every month let's <Speech_Female> say if the <Speech_Female> market's up you'll <Speech_Female> be buying fewer <Speech_Female> shares if the <Speech_Female> market's down <Speech_Female> that just means you get to <Speech_Female> <Advertisement> buy more shares <Silence> <Advertisement> at a lower price. <Speech_Female> <Advertisement> I think <Speech_Female> the best part <Speech_Female> of dollar cost. Averaging <Speech_Female> is building <Speech_Female> the habit of investing <Speech_Female> <Speech_Female> regularly socking <Speech_Female> away money and <Speech_Female> leading the magic <Speech_Female> of compound interest. <Speech_Female> Do its thing is <Speech_Female> <Advertisement> simply a more <Speech_Female> <Advertisement> reliable way <Speech_Female> to build wealth than <Silence> trying to time the market. <Silence> <Speech_Female> Our next <Speech_Female> question is for <Speech_Female> miles. Who writes <Speech_Female> i have <Speech_Female> twenty four thousand <Speech_Female> dollars in savings <Speech_Female> and investments. <Speech_Female> I've got seventy five hundred <Speech_Female> in savings <Speech_Female> and sixteen thousand <Speech_Female> five hundred. <Speech_Female> Etf's <Speech_Female> <Advertisement> car loan <Speech_Female> is now down <Speech_Female> to twenty <Speech_Female> four thousand dollars. <Speech_Female> It has <Speech_Female> four years left <Speech_Female> at three point. <Speech_Female> Four nine percent interest. <Speech_Female> I <Speech_Female> pay five hundred and <Silence> fifty dollars a month for <Speech_Female> <Advertisement> it. I <Speech_Female> <Advertisement> love the idea of <Speech_Female> <Advertisement> being debt free and <Speech_Female> <Advertisement> this loan is my <Speech_Female> <Advertisement> only debt <Speech_Female> <Advertisement> but i also enjoy <Speech_Female> <Advertisement> having the cash on hand <Speech_Female> in case. I want <Speech_Female> to travel in the next few <Speech_Female> months. I've <Speech_Female> done the math. And if <Speech_Female> i were to cash out <Speech_Female> all savings and investments <Speech_Female> to pay off <Speech_Female> the loan completely <Speech_Female> it will take me <Speech_Female> seventeen months to <Speech_Female> <Advertisement> get back to twenty <Speech_Female> <Advertisement> four thousand dollars in <Speech_Music_Female> assets. <Speech_Female> My option <Speech_Female> is to pause my investing <Speech_Female> which is currently <Speech_Female> at seven hundred <Speech_Female> <Advertisement> twenty dollars a month <Speech_Female> and redirect <Speech_Female> <Advertisement> that into <Speech_Female> <Advertisement> my car loan which <Speech_Female> <Advertisement> would get rid of the loan <Speech_Female> in eighteen months <Speech_Female> either way <Speech_Female> net worth <Speech_Female> <Advertisement> would be twenty four <Speech_Female> <Advertisement> thousand dollars. <SpeakerChange> Eighteen <Speech_Female> <Advertisement> months down the road. <Silence> <Advertisement> What would you <Speech_Female> <Advertisement> do. <Speech_Female> <Advertisement> Hey miles <Speech_Female> <Advertisement> thanks for the great <Speech_Female> <Advertisement> question. And i <Speech_Female> love how motivated <Silence> you are to get out of <Speech_Female> debt. My <Speech_Female> first thought is <Speech_Female> to not sell <Speech_Female> your investments. <Speech_Female> There is a <Speech_Female> bigger opportunity <Speech_Female> cost here. <Speech_Female> Losing momentum <Speech_Female> on compound interest <Speech_Female> and selling <Speech_Female> means you'll likely <Speech_Female> incur <Speech_Female> capital gains taxes. <Speech_Female> Which would <Speech_Female> eat into the money <Speech_Female> you plan to use <Silence> to pay off the car. <Speech_Female> You also <Speech_Female> need an emergency <Speech_Female> fund or <Speech_Female> cash on hand so that <Speech_Female> you're not forced to <Speech_Female> rage investments <Speech_Female> when life throws something <Silence> <Advertisement> unexpected. Your way. <Speech_Female> <Advertisement> I <Speech_Female> don't think you need to <Speech_Music_Female> completely pause. <Speech_Female>

S6 E12 - This is how to get (financially) healthy

Courage to Fight Again

19:24 min | 6 months ago

S6 E12 - This is how to get (financially) healthy

"Your housing your food your transportation and then medical and absolute necessities so if you have prescriptions or you've had doctor's appointments or you absolutely have to have daycare because you don't have family or friends that can watch and you have to pay for daycare. Those are absolute necessities. Everything else is extra fluff lifestyle spending. So when you're going through and figuring everything out these four things need to be taken care of welcome to another episode of the we serve now. What podcast the show. Where i do my best to answer the questions veterans and their families are already asking so you can make your post military life your best life. My name is aaron perkins. I'm a us army combat veteran husband to a beautiful wife. Daddy to amazing kiddos. I'm the author of the resolve book and that is a step by step guide. That takes you the veteran through a process of rediscovering. Your life's purpose. After you left the military. And i gotta tell you i have so been looking forward to today's episode because my special guest is here to talk about something that matters to every single one of us is topic money. My guest today is quite boss. Marco is a twelve year navy veteran who deployed in support of operation enduring freedom. He got out got his bachelor of science. Degree started a side gig as a financial coach in two thousand sixteen while working in the nonprofit industry in didn't take marco long to realize that he was struggling with a lot of the same financial issues as the people. He was trying to help so in an attempt to fix his own struggles. Marco applied business cash flow principles to his own finances with an eighteen months. He added nearly one hundred thousand dollars to his net worth and his skills are skills that anyone can use. Marco now has his own financial consulting business. Called live like others. can't marco. it is so good to have you on the show today. Welcome to we serve now. What a thanks for having me on. It's pleasure to be here to serve all the rest of the veterans. They're listening absolutely man absolutely. Been looking forward to have you on the show. So what just take a few minutes and introduce yourself. Tell us a little bit of your back story how you got here. Well you covered a lot of it which was great but like it said so. I served twelve years of military. And when i got out i had a mountain of debt. I think it was like sixty thousand dollars in debt. When i left active duty was going to school got my bachelor business management and when moved down to florida a job. They're kinda help me pay down some more of The debt that ended up having once i got back from afghanistan. 'cause so side note. I went to afghan volunteer to to afghanistan to pay off my consumer debt and paid off the debt and then had a ton of money when i got back and did some investments that were really great but the problem was is. I didn't change my spending habits and some other habits. That i had that were really ingrained so i ended up building up that data again and was down in florida before i moved back home to ohio i ended up with like it probably about another twenty grand worth of debt when i moved back home and i was like said twenty twenty sixteen. I started looking at my personal finances. I got married in two thousand fifteen and after a year of trying to manage to all that we finally got everything into really like one pot start applying the business finance principles to my own personal finances and when i first started i was negative. Twenty five thousand dollars in my net worth so because all everything and i still wanna own twenty five thousand dollars so when i started applying some of those principles and turned it around and it was like oh my gosh in eighteen months be able to get to seventy five thousand and net worth. It was not so. I started taking some of those same principles and teaching some people. I knew some friends. And it's like okay. I really got something here but was really interesting. Is that these same principles basic math principles but these are the same things that have teaching the low income. People that for the nonprofit that i was working at so is really crazy that. There's so much parallel. The only difference is that my mistakes were spectacular because there is a larger amount of income to work with so it's it's really interesting the mindset that we don't teach so i that's what it was like. Okay there's a group of people working in the nonprofit world and the rule low income side of things. There's a whole support system around that but there's very few supports for this this middle class. The wealthy know how to do it. The low income have a ton of support. And when you're trying to make that transition to from low income or even the lower middle-class into an upper middle class even making that transition if you don't have some the fundamentals You're never gonna make it or it's gonna take forever by the time you retire like oh okay now i get. It would have been great thirty years ago. Sure so that's why i got into. That's what i got into being a coach. Cool man all right. So so the first question i have for you is it. It's a simple one. But i think it's one of those things that needs to be addressed because a lot of us find ourselves in a situation where we think that our finances are kind of like a bygone conclusion. You know i grew up in poverty. You know song going to stay in poverty. And so i don't even think about i. Just go through the motions. I you know. I get the car loan. I get credit cards. I get in debt. You know i do all these sayings in. I'm not really focused on my financial health right so when it comes to finances why should i even care. How big of a deal is it. Well i would have to say just starting out. It's actually perfect timing because this last year taught all of us. I mean how many people lost their jobs or were furloughed or laid off and maybe two never even get them back. It can come at any time. And if you're not prepared for it is what a lot of people don't realize is that when they signed their name for alone they're trading future time for something right now and it takes a special type of person to be an entrepreneur to be to be able to go out and create wealth but the majority of americans work for their money as opposed to creating their money. If that makes sense and there's nothing wrong with that. There's nothing wrong going to work and and working a nine to five job you can be in everyday millionaire working a nine to five job you can. It's entirely possible but it's just. It's really crazy that when when wrenches thrown into it that we lose traction so fast if thing was like bank rate. It's on the ads that you've been running for me so it's six hundred ten. Ten people don't budget seven ten barely budget. An eight out of ten are living paycheck to paycheck. It's it's crazy as stupid number. Eighty percent of the people in the us are living paycheck to paycheck. That's nuts. That really is so eight out of ten people living paycheck to paycheck. Just you know if if you miss a paycheck or like you just mentioned you lose your job because of whatever reason pandemic or anything else. It's a huge impact. Not just. I don't know how i'm gonna pay bills for the next couple of weeks but it can like really really set you back. I think it's a perfect setup to talk about. What you just mentioned budgeting a little bit right. A lot of people don't budget so let's say for example. I know what a budget is. You know i've heard the term of. I've seen it on the news talk about but i've never tried it for me and for my family. Can you give us an insight into that. Like where do you even get started. Well sure an you can do a search on the internet for how i do a budget and almost all of them are going to give you the first piece of bad advice that you will ever hear when it comes to budgeting track your expenses for the next month. No you don't have to track your expenses for the next month. You know why because what you do. This month is the exact same thing he did last month. Just pull your bank statements. Look at your bank statements. That will is a great snapshot of your personal financial behavior and what your lifestyle choices are and when you take a look at that then you've got you've got gotta place all of those into a it or as we'll talk a little bit here a of a wall for foundation. There are four things that you have to take care of everything else is fluff and you can create whatever whatever other buckets you wine or i mean flake from an accounting. Were coming perspective. These are lineups okay. So you've got you've got your income and your expenses and then your expenses or all of your line break it down and then it breaks down even further when you file your taxes so every category that you make is a line item but there's four that are super important. Four and a lot of the times people tried to budget everything and they say okay budget down every last dollar and even the even the dollars that you're gonna put into savings if you don't have a good foundation to take care of the basic things that you need to have. It doesn't matter what you put into savings. It doesn't matter what what you spend on clothes. It doesn't excuse me it doesn't matter what what extra expenses and entertainment things that you wanna do. You've got to have these four things. Take care of i and what's interesting about them. Is it lines up. Perfectly with maslow's hierarchy and i'll leave it at that for further on all right so talk to us a little bit more about the four walls right. You mentioned the four walls and you know unite chatted about these a little bit before we go kind of hit the record button here as we were preparing for the show but that i'd never heard that term before the four walls. Can you explain like what those four walls are shirt. A quick back story on on the four walls. Is that if you do any personal financial searching on the internet. You're probably gonna come across the name. Dave ramsey dave ramsey. Oh yes some guy of phenomenal mindset really. Is there some things. Because i'm a business guy. There's some things that i can't entirely subscribe to because for me personally. There is some good debt. Because i'm a business guy. I used other people's money to make more money for my business. So that i can go ahead and potentially hire somebody in sure. Grow the economy that right right so for me. There is some good data. But from dave ramsey's perspective. There's no debt is good so the four walls are the four basic things that you need to survive. And when i say talking about maslow's hierarchy the bottom two levels of maslow's hierarchy pyramid are psychological and safety and that deals with food shelter and essentially money and i clued transportation in that because you need transportation get to and from work sir so the four walls are actually order. I it's it's your housing your food your transportation and then i. I don't like saying catch off for this last one but medical and other absolute necessities. So if you have prescriptions or you've had doctor's appointments or you absolutely have to have daycare 'cause you don't have family or friends that can watch and you have to pay for daycare. Those are absolute necessities. Everything else is extra fluff lifestyle. Spending this is still considered lifestyle spending as well but this is your baseline lifestyle. So when you're going through and figuring everything out these four things need to be taken care of and as you're going through the math and figure out okay. I'm not bringing in enough to cover the us basic four things. you're living to lavishly. You have played into the game of catching up with the joneses. You're trying to find too many influencers and live like them and showcase to the world. What all the amount of debt that you're bringing on is essentially what you're showcasing. You're not living the good life you're actually living a really crappy life. So that's kind of the premise of the four walls. And it when. I didn't really know that term when i first started doing my own budgeting but i realize kay. I've got regular monthly expenses that i always have to pay out have to pay my mortgage. I always have to pay the insurance. I always have to put gas in my car. Food on the table and a couple of medications and and some clothes. Those are the things that always spend money on every single month. What's fantastic about that is because it is you have the ability to look back over the last twelve months and really identify what your lifestyle is just by those expenses alone. Yeah that's that's interesting and it's it's definitely a a i won't say it's that different but it's definitely different than like you said what a lot of folks are gonna find when they do that. Google search for when they do that duck go search right on the internet of. Hey how do. I do a budget you know. What are the first things. I i should consider and and using hierarchy of needs and for those who are familiar with it. This basically just a pyramid that that stacks from bottom to top the needs. Every person has basic needs like markos already talked about psychological needs and then tops off. Self-fulfilment needs achieving your full potential including creative activities. And things like that. But with the four walls i know. They're all critical right but is one more important than the other. Is that the all really really for lack of a better term foundational for your financial health. They all are foundational. But dave will argue. And i kinda back this little bit. Is that if you have a choice between spending money on your electric bill and spending money on food you buy food and you can work with the company to to keep your electricity on food. Would probably the be the highest priority. Next would be your housing so everything that's involved with your housing your mortgage your mortgage. Iran's your utilities and then transportation would be third because there are things that you can do if you're spending too much on transportation. There's things that you can do to to lower those expenses but we can get into that little bit and then obviously medical. Now it's it'd be a toss up then if you've got to take medications or you need food a well. Okay then yeah but but at the same time. If the majority americans being healthy and not needing a whole lot of medications food would be the top priority so food station and then the other necessities sure sure so that so that kind of helps me prioritize as far as you know if i do find myself in a situation like I don't know what i'm going to you know. I only have so much money this month. And i can't pay whatever this one bill. Is you know kind of helps me. Prioritize food housing transportation medical. You know and then if it's more detailed it's down to the really really fine details of a few dollars here versus a few dollars here then. I think that's something you really just sit down like. If it's if it's you by yourself you just make the best decision right an absolutely. If it's you with your family you know you sit down with your spouse and or with your partner and you you talk about it like what do we want to do this month to make ends meet well and and i would say to that the amount of people who actually don't realize where their money's going is phenomenal so he say eighty percents living paycheck to paycheck. I would say one hundred percent of that. Eighty percent have no idea whether money's going and they don't realize that they probably have enough coming in to cover these four walls and then some that the problem comes is when they make all of the additional lifestyle choices and then they're like oh. I don't have enough money for food while it's because they just bought a thousand dollar iphone. So i mean like i know that's really rudimentary example. Because most people are buying their phones on the month to month plan that they put on that they tacked onto your bill which side note really crazy. I was trying to buy a new phone for my wife. No cellphone store will let me pay full price outright for the phone. They forced me to put it onto a monthly plan. Really i is crazy not i was like. I've got nine hundred dollars. That i'm gonna pay you right now and they don't want it. They want it on the monthly plan. So what's funny is so my family. We are an android family. Okay we've always been. We've never gotten into the iphones. You know my daughter. She's a teenager now. So she's kind of leading me toward the iphone but we've always been an android family and for the past few years. I have bought all of our phones directly from samsung. I don't know if you can do that with apple or not if it has to be carrier specific and you have to do over a month to month plan but if i go to samsung dot com. I can just buy that phone outright. I couldn't yeah. I basically i swipe my card more or less you know and you type in my numbers. He and then a couple of days i get new phone on my on my doorstep and so have to remember that for my wife because she's a samsung guy. I'm an iphone. Yeah for sure and so we when we started doing that. We've been with our with our carrier for. I don't know five six seven years now and so we're not really planning on leaving and going to another carrier. But i do get the unlocked phones just in case i need to right and so and so it is really nice to just be able to swipe their credit card and be like. Hey here you go. Here's all the money up front. I don't have to worry about that That money coming out every month right so off that sidetrack for second sorry about that it was just. It was really crazy when i was trying to do that. I couldn't believe that is crazy for phone. So why things that. When when i sit down with somebody and i'm going through this. Is that a lot of people. Don't realize all of the essentially the line items within each of these categories so under housing. There's a couple of lines you've got your mortgage or your rent which includes particularly if you have a mortgage. It also

Marco Aaron Perkins Dave Ramsey Maslow Afghanistan Florida Us Army Navy Ohio United States Markos KAY
This part of the bond market has fallen into bear territory, based on 1 measure

90.3 KAZU Programming

01:29 min | 9 months ago

This part of the bond market has fallen into bear territory, based on 1 measure

"Number of the day on this Thursday. Is 1.75. Technically 1.753 that is in percent. It's the high point of the yield on the 10 year Treasury note today. And yes, we usually do give you that at a different point in the program. But we lead with it today because of what feds here. Jay Powell said yesterday that he and his colleagues aren't all that worried about inflation actually might get a little bit of it. Some spikes here and there. But it's not going to become a thing and the bond market today said Yeah, j no man. I think with the bond market is saying is, we don't quite agree that these air going to be completely transitory moves and we do see inflation components along with the growth Victoria Fernandez there, she said. Cross mark Global Investments and if the bond market is right, and the Fed is wrong, and inflation does become a thing. And Mr Palin company have to raise rates perhaps significantly. And mortgages get more expensive car loans get more expensive. All that stuff you need to borrow money to pay for. And then the idea of the Fed, maybe not being entirely control in control. Well, that's just not good. If you've lost confidence that the Federal Reserve actually has a handle on things, then you're very uncertain as to what the market is going to do and uncertainty as we know. Well. There be dragons right?

Jay Powell Victoria Fernandez Cross Mark Global Investments Treasury Mr Palin Federal Reserve
Monthly New Car Loan Payments Hit Record High Of Nearly $600

Sean Hannity

00:23 sec | 9 months ago

Monthly New Car Loan Payments Hit Record High Of Nearly $600

"Loan payments read a new record high, the experience Credit agency reports. The average for a new car is now about $600 a month and it's now over 400 for the first time for a used car. Analysts say it's both because car prices overall arising but also because more people are buying higher and vehicles. Average spending for a new car is north of 35,000. And it's about 24 grand for a used model.

Budgeting Expenses While Living on The Road with Renewable Energy Worker Clayton

BiggerPockets Money Podcast

05:42 min | 10 months ago

Budgeting Expenses While Living on The Road with Renewable Energy Worker Clayton

"Clayton. Welcome to the bigger targets. Many podcast. i'm so excited to have you today. Thanks guys. I'm really excited to be here. Appreciate all your advice. Throughout allentown cast stones awesome. Well thanks for listening. So clayton is a twenty six year old renewable energy worker living in the midwest and looking for some suggestions on financial planning in general so that he can retire early and lead his best life clinton. Why don't you walk us through your income and debts absolutely so right now. Actually our income just got cut by about forty percent girlfriend. Travels with me for work and she. Unbeknownst us lost her physician so lost forty percent of our income. I'm sitting at a salary for diem and a trailer allowance and then some rental income from a rental property that we have totalling about seven grand a month. Can you give us some background on that. So you say salary per diem and camper each just give us enough background in your job to understand why you have predicament camper allowance. Sure yes so. With the renewable energy side. We travel all over the country so ben everywhere from north dakota colorado oregon iowa and now down in texas so pretty gives me some money in basically not sleeping my own bed. Money right and then Trailer allowance. i live in a fifth wheel while on the road so kind of a unique living situation and they give me allowance for that too. Because there's obviously expenses that come with pulling a trailer and the wear and tear on the tyres and all that kind of thing so companies generous enough to give us allowances for those kind of things and yeah ok. Great eddie other sources of income besides the salary camper allowance pretty yup so we do have a rental property. that were satirized. Well we are at home so kind of one of those ideals to were living on the road but we have a home base and house hacking that home base. So that's bringing in about fifteen hundred a month for us right now and it's gonna go up hopefully the next month or two. Once we finished some slight remodels and get another room rented so it should go up to about two thousand dollars fantastic. Yeah expense side of things fixed expenses. Obviously we got the mortgage. We do have a car loan and then luckily enough again with the company. I worked for their great and they cover a lot of expenses on the road so the living allowance. The lot rent recover my lower end from camper all that kind of stuff. So it's pretty limited to mainly just jim internet's phone bills and then food things like that. So the picture informant. My head is a really strong financial position. We talked about a seven thousand dollars in income. Let's exclude the house act. We got about fifty five hundred dollars a month in income and are you kind of abbreviating that to after tax dollars. Yes yeah that's all after tax. Okay great so you got about fifty five hundred and after tax dollars plus we got income from your house hack how much is your mortgage mortgage is about twelve hundred dollars a month principal interests. I thank is around seven fifty. Our insurance is actually a little bit higher because the house situation is kind of odd. An taxes are actually relatively low about thirteen hundred a year. So awesome so even with maintenance. You're probably sitting at no more than fifteen hundred dollars. Total housing costs. What are your utilities. You think as hard to us for now just because we do live on the road and it's relatively low because we're one twice a month so i don't know maybe hundred dollars okay. So you're housing is free for all intents and purposes through the house hack. Is that right correct. Yep awesome love it. How about transportation is that also largely free because of the allowance for the camper and that type of stuff. That's another benefit as Transportation's pretty much free. I gotta company truck and again the company. I work for their so generous to let me use that personal time to you which is awesome. We do have a vehicle for my girlfriend and we do have a debt on that as well and believer sitting at eighty five hundred or so see if a balance of eighty five hundred on that in cash payment associated with it okay. What would you kind of estimate your total expenses to be housing. We've got to close zero. What would you say outside of housing. Your monthly expenses are unrelated to work man. I'd say twenty five hundred ish maybe a month and that's going to be broken out between that car payment in a gym and entertainment this types of things normal year when it's not twenty twenty. We tended to spend a little bit more than now. It's a little bit less but yeah okay great. So what i'm seeing. Here is an ability to accumulate at least fifteen hundred to two thousand dollars a month in cash flow on an ongoing basis. Is that right yes awesome and then when you look at your financial position do you feel that. The opportunities are going to be on the income side on the expense side or on the capital allocations piece in terms of managing the money. You're accumulating i say right now are sitting pretty good as far as the income. I feel pretty solid with the income side of things granted like i said we did lose some of that coming in but i believe there is work to do on our expense side of things. 'cause i don't accurately track it. Everything i do is rough estimates. So i know what my phone is monthly. I know what the car payment is monthly but the food and all that stuff who knows i mean sometimes we go out and have fun and go out to local italian restaurant or whatever it is so perfect so i think we're gonna have a phone with this because your expense the way you've just described your situation. We don't housing expense. And i see a path forward here. Where if for example if your path that over the next year to you don't have to pay for housing and you don't have to pay for vehicle at least in the short run. I mean you get to that point and you have a thousand dollars per month is what i understand per diem. Is that right. Roughly a thirty six days. So depending on when i'm work that worked when i'm at home so about thousand

Clayton Great Eddie Jim Internet Allentown Midwest North Dakota Clinton Iowa Oregon BEN Colorado Texas
"car loans" Discussed on Coffee And A Book

Coffee And A Book

04:00 min | 1 year ago

"car loans" Discussed on Coffee And A Book

"And then i said are a mixture repent you will perish. You have to repent for since where we have confession. Then he said did occa- said yet to be baptized. says Baptism and father son. Holy spirit when a child charges baptize. That's when her life begins so once. A new car puts tires on the road and the first time was the beginning of the car. When it's now baptized and put chapter six car washes fuel for salt. Which is interesting chapter. Six of john's gospel. I didn't even plan that just happened. That was gonna be my next question. Did you plan that out or no. That's god's work that too bad put the baptist concession how it says you have to confess your sins jesus said to the apostles as in fodder sons may. So i send you. What is the best rhythm who send you. Forgive their forgiven her sensory tape and when he said that he just mean that you can just go to god. Forgive your sins. No he's talking to his apostles. And what if no one came to the apostles they all came to the apostles. You know. John the baptist twenty came. They said they were confession there since and dealing activist. So it's just amazing. In james five sixteen says confess your sins to one another so. I put a little story about my friend father riley away about five years ago. He was my very dear friend. Who's a dominican. And he told me use from the south bronx new york. He told me a story runs. He said that he went to lunch with one of his jewish friends. His jewish friend was a psyche psychiatrist and has psychiatrists. Fred told him that if you go he said when i get new patients i asked them. Are you catholic. He said why. Would you a jew ask them if they're catholic. He said because they're catholic. Did i can ask them to go to confession. Because if they go to confession. I can save them for years of therapy and he said yeah. So it's good. That's why i go to confession week. A confession is good for your soul. You come out renewed like a new like a car with a new car smell so we don't put fuel in the fuel is what keeps us going. Jesus said unless you eat. The flesh in the center manager has no life know. Protestants don't believe that they believe he was talking. Symbolically thinks but i put so much in this nine pages for the year caress. It's almost impossible to not believe it. Because it goes way back to the old testament. From abraham abraham when he was taking his son up in his son said to a father who wear is the lamb whereas the sacrificial lamb and he said god will provide it interesting. God the lamb for jesus as well to to versuns- so it's i put down this window paragraph says it's not it's interesting that adam and eve our first parents were in the garden of eden. And we're told not to eat from the tree of life genesis two seventeen the eight it and the rest is history got original sin now later people who said in john jesus and john sicknesses a hard sane inches doubles down says unless you eat the freshman in some manner drinking..

Baptism Jesus riley john abraham abraham Fred james John new york adam john jesus john sicknesses
"car loans" Discussed on Coffee And A Book

Coffee And A Book

05:27 min | 1 year ago

"car loans" Discussed on Coffee And A Book

"Those are your education your put the world season you your value. But that's kind of secular stuff the Theft furled warding off temptation. That's why i carry a scapula around my neck fabric protection where you wear what you wear. That helps people judge which wear to church because people come to church and all kinds of crazy sometimes window. Tinting how the world through your eyes of christ help others to see you. That's the window to and detailing how you help yourself and others to moga and how you help others to see that you you are a child of god and so. I have a little bit about that then. I put a little bit about for a website. It's called a car. Tronto dot com. They said art cars are like a religion and they put down that You should never touch a racer's car you don't do that. That's one of their rules. They have you shouldn't race without performance upgrades. That's one of the rules. If you never put another person's life endanger that's another role. They have and they said that. The racing industry since the engine noise is the music to their ears. Now we have music in our world to in the christian round. I mean we have christmas con. Sounds coming up. You know from land major to joy to the world all kinds of different things that we have and we have famous writers from thomas acquaintance who rotan to maragal wonderful sales and quit down good. I know a lot of people. Don't go to church i know. Atheism is growing rapidly. I also know sin is rampant. It is with fornication common for many couples today. Look at the marriages. They've gone from a mid over a million marriages in nineteen seventy two less than five hundred thousand today and so they're not. They're just living together. And so that's going against god's laws and good luck now. What else about saint saint augustine. In his mother state marco how he was a bad kit and she prayed for him for about seventeen to twenty years and all of a sudden in augusta and we now see are ever who has. It's an embrose. Met with him and taught him about god and cena gusting became a doctor of the church after that and he said one thing that is so true he said we came from you..

moga saint saint augustine thomas marco augusta cena
"car loans" Discussed on Coffee And A Book

Coffee And A Book

02:40 min | 1 year ago

"car loans" Discussed on Coffee And A Book

"And then i gave examples of cars much if you had headed for five years purchased put it to seven years how much the payment would be. How much lower would go. Switches good information and then your first payment. I put down that first. Payment is is if you soon as you drive your car off the lot. You're paying interest per day if you have a four five percent. Loan your pan. Five seven dollars a day of interest till you make your first payment so i wanted people to make their payments as quickly as possible. Have a little bit about websites. There's a whole bunch of websites. Have about your van your vehicle identification number.

"car loans" Discussed on Coffee And A Book

Coffee And A Book

05:28 min | 1 year ago

"car loans" Discussed on Coffee And A Book

"Mostly for our youth Because i am getting a book to our our youth minister tomorrow. And i'm going to ask him than to have their parents get their books for their kids because we know the statistics on catholic kids in fact all kids they leave the church they lead. Jesus they lead god. They leave everything before their age. Twenty three harder edged and so eighty percent of them leave before age. Twenty three so. I i want to get them back. I also want to get those who have left the church. There's twenty nine million catholics. Who left the church in the last ten years is twenty nine nine today and those who runs need to come back because without the eucharist without the god's laws and everything else there will end up in heaven and i mean we can't say who's going in who's not going according to scripture. Jesus said enter the narrow gate only a few. Find it so so. That's what i have. I have that scripture to a lot of scripture in their slavic talking about the people that have left I remember one of the first classes. I was taking while i was in seminary You it was very specific because they said if if you just evangelize the lapsed catholic state if care if you characterize them as denomination of their own. The second. Most populous denomination behind the catholic. Yes it's when consider that the beneath your the southern baptist convention and all these other positive. Nominations it the lapsed. Catholics outnumber all of them. So we have a lot of work to do so. That's why i came as we have so much work to do in the book if it gets into. There's a website that i called this place. I called the school at catholic university of america in washington. Dc and. i said. Hey i'd like to put my book and your thing because you know all your students they leave after they graduate and they said oh is it with. I've got the number ingram or something like that. This this book distributor ingram sparks. Yeah the ingram. They said it's i called them. And this nice lady said. I'm going to send you an email. There's three spots. Did you can go to where you can get your book out terry thing so i have questions and they said if you have any questions call us back so i have some questions. I have the thirtieth and thirty first off. So i'm going to call them on those days and i'm gonna find out which they would be the best avenue to get my book into that because i want to get into nova catholic bookstores for does they should have it. Because there's so many good catholics to go in there and if they see that book the owner says hey this is for your youth your children because kids want to know about cars..

catholic university of america ingram ingram sparks Jesus washington terry
"car loans" Discussed on Coffee And A Book

Coffee And A Book

05:24 min | 1 year ago

"car loans" Discussed on Coffee And A Book

"Said write a book and i went. Write a book. I said what about and he said well. You work at toyota customer service. So why don't you write a book about cars and related to my home. And i said heaven and he said yes concise and okay. That's a good idea. So i put a really good information about carloads very good really really good information carlos and what happens at least it is an how to few garage your interest rates and all that stuff like that and then i went into the head and part and i quit the car language in the heaven cart. So for instance. It says that you have to wash your car. You have to detail at. We do that for our cars. That's confession with us. We have to confess since. That's how you clean the insides of you. And i said you put gasoline and oil in your car and you put the eucharist in you for jesus himself inside a you and i put a lot of other things in there to the ten commandments. Because how many people know the ten commandments. And they don't and i put down what sins really to those ten commandments. I put the litany of humility in there. Because you can't get into heaven if your pride you have to have humility. And i also put all about the knights of columbus. Because i'm a night you know redo so much. You know it's amazing fact. Today we're gonna go. It went thirty. We're going to give out food boxes to hundreds and hundreds of people in our city. And so and then. I put about st paul street evangelization which is a phenomenal organization. There i mean they put on their facebook. Page how you pray the divine mercy chapel..

toyota carlos jesus columbus st paul street evangelization facebook
Why the Treasury wants its money back

Marketplace with Kai Ryssdal

02:40 min | 1 year ago

Why the Treasury wants its money back

"There are days of which this is one when we are obliged by the news to get just detached down in the weeds so we will because we have to. But we'll do it gently back in march in the cares act. Congress authorized the treasury department to let the federal reserve us about four hundred and fifty billion dollars to fund. A bunch of fed lending programs programs that would and remember back in march and april. The fear factor was pretty high in this economy. Right these programs would stabilize credit markets. And in a way thus backstop the whole economy. Well yesterday treasury secretary steven mnuchin. Told jay powell. He wants the money back. In other words those lending programs the secretary said are none the fed not known for its political loquaciousness. Said in a statement. Yesterday afternoon it would prefer the money and the emergency programs. Stay where they are. But after noon sherpao roach secretary mnuchin and told him the money's on the way so we will get to the what it all means thing with lopez and genus smile. Like in a minute but first marketplace abbreviation shore with what exactly these programs did in different ways. These programs all allowed the fed to get down and dirty in the mud of credit market so for example a couple of them allowed the fed to actually buy corporate bonds another loved the fed to buy short-term bonds from state and local governments another allowed to indirectly by up car loans and student loans they essentially stood there and said you know we'll be a buyer of these things will support these markets yousef obasi is global market strategist at stone ex. Now the reason we care that the fed could buy these securities. Is that for a while. They're in this pandemic. It was looking like nobody else would and if nobody wants to buy up for example loans. People aren't going to get as many loans and loans are what kept some businesses. Live and local governments functioning. You're talking about essentially the entire credit markets could've yearly froze if the fed didn't step in with these facilities the fed supported credit market so credit markets could support people. Chris campbell is chief strategist at duff and phelps and former assistant secretary of the treasury they allow for serbia liquidity or money available to banks or institutions to have them to be able to lend you money by all accounts. These programs worked. Edward altman is professor of finance emeritus at nyu. The treasury felt that it has succeeded so well that it's no longer necessary. Oldman sees that is. Ill advised to give them the looming threat of further shutdowns but secretary mnuchin has said businesses need grants now not loans. The four hundred and fifty. Five billion dollars in question could be re purposed into a miniature stimulus. Deal before a new president is sworn

Federal Reserve Treasury Secretary Steven Mnuc Jay Powell Mnuchin Treasury Department Yousef Obasi Stone Ex Congress Lopez Chris Campbell Edward Altman Treasury Duff Phelps Serbia NYU Oldman
"car loans" Discussed on Loanclopedia

Loanclopedia

05:42 min | 1 year ago

"car loans" Discussed on Loanclopedia

"The dotted lines. Let's take a moment and listen to this clip pedia. Three biggest mistakes people make when getting a car loan these things that can hurt you big time if you fall into this trap and so we want to make sure that we don't do that all right. Let's start this off really quickly number one. They pay way too much for the price of the car. okay. I don't know how many times i've applied for car loan for somebody and they're just in love with this card. They want it and then go into run the value of the vehicle and they're paying twenty thousand dollars for a car that's only worth fifteen thousand and there is like okay. Well yeah you know dealerships. Trying make money during a charge me more than what the cars were but they love that car so much. They're okay with it and that's just dumb to fall into that trap just because the dealership is going to try and make some money. It doesn't mean as you come off view. Okay so do not pay too much the vehicle look at what the average trade prices talk to your financial institution about the vehicle that you're looking at. They'll tell you what it's worth. Don't fall into that trap. I mean literally in the past week. Alone i helped out a member of that. Had twelve thousand dollars finance on a car that was worth four thousand dollars all right eight thousand dollars upside down. That's ridiculous okay. So number one. Don't pay too much for the vehicle number to get a good interest rate kind of similar to what we were just talking about people loving the car so much that they're willing to pay too much for it other times. They love it so much. They don't really care what the interest rate is either. And you know that's just it's gonna cost you so much money in the long run if you fail to get it a good interest rate kind of like what i was saying about the person that owed twelve thousand dollars on a car. That's worth four thousand. I can honestly say within the past two weeks. I've refinanced a twenty three percent car. Loan a seventeen point nine nine percent carl. I know remember an eighteen percent carlin and that's just within the past three weeks. Okay so get a good interest rate guys. We know based off all the other videos. How much of a difference You're interested is gonna make in the total amount of interest you pay in the long run. Okay and cars aren't cheap so get a good interest-rate he's got a bad one right now. Refinance your vehicle Talk show institution. See if you can drop the rate but guys pay attention to the rate. Do not go get a car loan at any higher than ten percent. Okay and even ten percents sucks. That is not a good interest rates. If you're any higher than that you need to do something about it known a how about we take a minute and talk about the colin process. There are five steps to help your colin process. Go easy and smoothly one is to determine what you can afford. Get out a piece of paper. And what a realistic budget tells you what you can afford. In terms of monthly payment keep ongoing coffin mind to include in sheri- maintainance and gas next is to determine the amount of down your plan to make all the value of the vehicle. You're planning to trade in the second step is to check your credit score. It is helpful to know where you stand in regards to your credit score before talking to lenders some websites offer access to free credit scores. You can also pizza. Get just call directly from credit. Beurs clip pedia lenders rely on credit reports caused when determining loan interest rates and terms the higher credit score. The better the position. You'll be into lock a lower rate. A next step is to shop around for the best loan. Terms rates and terms vary sometimes considerably between lenders contact multiple lenders to get a quote including your bank or local credit union. Your dealer may also offer financing but if you look for the best deal before heading out to shop for a car you're in a better position to negotiate and the final step is to get pre-approved known though get pre-approved for your loan means that you have set your limits before setting your foot in a dealer showroom get pre-approved doesn't mean that you have made a commitment but it does give you an idea of what you can afford. Also remember to shop for your car. Now it's time to visit your local auto dealers find exotic that you want and then let's your lender note again make model and vehicle identification number. You'd also needs to purchase the car insurance as soon as possible. Most lenders will not let you drive away without showing proof of over kind sheri- and that brings us to the end of this week's episode of the repeater for your feedback and comments remember. You can always hit us up across any of our social media. The handles that isn't facebook or instagram. At africa business radio to retire at africa vis radio. Listen to this particular episode again on our podcast channel or maybe any other episode of the local media on our podcast channel by simply visiting our website. www dot africa visas radio dot com. I am on niger. Saying until next time. Do great one.

colin africa facebook africa vis radio sheri carlin carl
"car loans" Discussed on Loanclopedia

Loanclopedia

08:08 min | 1 year ago

"car loans" Discussed on Loanclopedia

"Okay. These twenty twenty crash has hut a whole lot of industries from real-estate restaurants or you to travels but there's really one industry has quietly been bleeding out a whole lot of cash. Now let's okaz. I'm sure you almost thirty was gucci. No we're talking. Auto industries the auto industries have been sticking with the demand of buying kaz falling faster than the value of buying the brand new car on this episode of lung pedia. I'm going to be telling you all that you need to know about auto loans if your desire. Oh plan on getting a car loan then do not go anywhere cause after the break. I'll be back to let you in on all that you need to know about auto loans. I am on nausea your host asking us to stick around young clip. Pedia if you need a car but you don't have enough money to buy one outright. You are not alone. Most people don't have enough cash at hand to buy even a quality used car. How much more a brand new one now. Many of us need a vehicle to meet our day to day responsibilities. Write a column can help you get on the road. The world of car loans can be overwhelming. So it's best to start with basics understanding how a colin works is the first step in getting a good deal. What i always do on this. Show let's dig a little deeper into the foundation known. What is a car loan. for starters. A colonies a personal loan that she used to chase vehicle most ethically olinda loans the borrower that. Is you the cash. It takes the by vehicle in return. You agreed to pay back the lender amount of loan plus interest which is usually monthly payment onto the amount owned is fully paid. Many personal loans are unsecured loans. That is the loan is based on the borrower's credit worthiness not secured by some foam of collateral. Collateral is the property or assets that the lender could take back and sell. If you don't repay the loan now collins are different the are almost always secured loans and the collateral is the vehicle itself down means. If you feel to make your payment the vehicle could be repossessed and sold to pay off the loan debt. Listen to this young clip pedia car loans next to house loans are normally like one of the most expensive types of loans due to the just amount of the car plus the interest that you pay i mean most people pay tens and tens of thousands of dollars so we to make sure we're getting the best deal possible so it's divided and all right so you want to buy a car. Sounds easy enough right. Well what do i do next. What's the first set. That i take and the logical thing would be like start looking at cars right and it seems like that would make sense but at the same time i would actually pause here and say let's take a look at the money side of it before we even started looking at cars. Have you sat down and found out how much you want to spend. How much of a monthly payment you can afford. How long would you like to pay to pay this loan off. I mean to me. These are just important as finding out what car is right for you. Okay the money side of it if we don't pay attention to this stuff. Carla can quickly become a debtor's prison and 'cause you years of financial grief. I've seen this planet out of times before. And i promise you your new ride isn't nearly as cool when your credit score's stuck you realize voice at thousands of dollars in your monthly payment is killing you all right. We wanna make sure that does not happen. Okay so the first thing that i would do if i were you is find out. How much do you want to spend all right. That's the number one priority. Okay we wanna find a car that fits our budget. We don't want to be irresponsible and find a way to make. Our budget fit a car that we really really want okay. That's not the way we wanna go with this so find out how much you'd like to spend it. Here's the thing is when you find out what that number is. Don't go past it. Stick to that number. If you're looking at cars and you find something that's higher than what you wanna spend. Just forget about it okay. This car is probably not going to be your forever car. Okay and if you can't afford your dream car right now with making a financially smart move today will help you better afford that dream car for later on in life and if you don't know where to start and finding out how much to spend just stay with me. Hopefully these next few things will help figure that out. The next thing is going to be find out who's going to approve you for this loan. All right and this is really important because every bank every credit union they all have different interest rates for their loans and we know that interest rate is super important to our personal finance so we wanna make sure that our interest rate is as low as possible and guys. Don't assume that you have to get alone with whatever institution us right now. It would be in your benefit to go online. Do some research. What interest rates do the banks and credit unions offer me are who's got the best rates in town. Okay you also have the option of financing with the dealership but it actually try to stay away from that. And i'll talk about the dealerships and how i feel about them later on but i just know that you can't finance with the dealership i would also just stay away from that if you would but for now all i want you guys to do is do some research find out rates around the area and make sure you're getting the best interest rate possible and one thing that i wanna do for you guys. Real quick is actually list. What my financial institution offers for their auto loan rates and i want you guys use that as a guideline compared to what you're being offered right now and if it's similar they're thinking in a good area these are normally really really competitive rates. So if you can get something like this. I think you mean a good situation. A car. loan and most loans in general consists of four factors. That you should and must consider before. You sign on the dotted lines. These are loan costs. Interest rate down payment and terms novel loan cost. There are two basic parts of the cost of a cologne. The principal and the interest the principle is the negotiated cost of the vehicle itself the entrust refers to the cost accumulated over the life of the loan based on the principal amount and the stated interest. Rate your loan cosmic also include fees. Some of these fees like taxes on title cost are non-negotiable some fees delivery hajjis on origination. Fees are negotiable. Then we have. The interest rate and interest rate is the basic rich have to the borrower for the money loan young clip. Pedia your car loan michaud to rates your percentage rate which is the ap are and your interest rate. The npr includes fees associated with the loan. When your loan shopping make sure to compare apr to apr and interest rate to interest rates. So you're comparing apples to apples. Known next up is down payment. The payment is an upfront payment. You make at the time of the porch of the vehicle. You can also use a trade in vehicle as down payment. Your down. payment is usually expressed in terms of percentage of the total prize. The larger your down payment is the less you need to borrow. And then finally terms and conditions these are all of the other items makeup cologne including the long term normally stated in a number of months all yes insurance and registration requirements loan payoff and resell terms maintains requirements condition regarding theft auto accidents on conditions of loan defaults repossession. There may be other conditions as well. It is important to read them over heavily and have a clear understanding of what they mean before. Signing on.

cologne principal colin theft collins Carla npr
3 Dire Reasons to Simplify Your Life

Optimal Living Daily

05:03 min | 1 year ago

3 Dire Reasons to Simplify Your Life

"Three dire reasons to simplify your life by Corny carver. Of. Be. More DOT COM. There are so many benefits of living a simpler life but even when we know what they are, the usually has to be a good reason and immediate need to change while life is humming along it feels easier to do what you've been doing unless he recognize something is clearly broken. I can say from personal experience that sometimes things have to get really broken before you notice when you are overwhelmed with stress and crazy of the day to day the most important thing seemed to slip through your fingers. Fixing was necessary and even urgent seem impossible when you are busy trying to hold everything else together. Three dia reasons to simplify your life. Number one, you are broke. When as Dave Ramsey, Leisa say there is more month at the end of the money and you're struggling to make ends meet. It feels impossible to get to the other side after struggling with debts and living beyond my means for four years. I finally decided to crawl out the credit got shopped store accounts closed and our family cut most unnecessary expenses until it was all paid off, we pay the student loans, car loans, credit card debt, and finally a first a second mortgage when we sold our home last year. I thought it would be a tremendous sacrifice to pull back and put any extra money towards debt pros. Actually a great relief. He gave me time to see that I could be just as happy happier even without buying a new pair of shoes or trying to lift my spirits at the mall. How Star Simplifying Your Finances Get honest. Simplify your finances by making a list of all the money that is going out and coming in. Hostess Simplicity Summit read an implement the total money makeover works. The easiest way to stay stock in debts and stress from money worries is to stop talking about it. Ignoring your money mess is complicated and it affects your health happiness in relationships talk about it with your family or tell the world your finances may be a mess but that doesn't mean you deserve a suffer or feel guilty instead of working so hard to make ends meet were on having fewer ends. Number two, you are sick. Nothing complicated life more than poor health and everything is hard to deal with when you don't feel well, life becomes a big complicated vicious circle. If you don't put your health I, if you aren't used to putting yourself first, this will be a big step by the people you love and take care of deserve the best healthiest version of you. How to start simplifying your health. Get honest make a list of what you eat and drink for a week track your exercise. How do you Medicaid prescription drugs over the counter over the bar from the refrigerator write it down make an appointment for a physical with the doctor you trust bringing your lists if you don't like your doctor get a new one. Eat Food that lifts you up more than the food that drags you down, make your health a priority, and become your own healthy living advocate. Fight for good healthcare in time to take care of yourself. Number three you tired. If all you want to do at the end of the day is fallen bed that makes getting up and doing all over again the next day less than appealing and certainly doesn't contribute to health happiness or overall quality of life. When you're tired you are uninspired and unmotivated everything is harder to get through. Out of simplifying, get your energy back. Get honest identify why you are tired trying to do it all. Are you working too much unhappy with your work or relationships unhealthy. What is dragging you down? At for help, you can't do it all and even your valiant attempts is exhausting. Say No back off, take a NAP reclaim your energy. None of these issues are remedied overnight none of them are easy to fix. Some of them can even make simplicity feel complicated for a while even with all of that, you will feel relief and gratitude after the very first tiny step the rewards you claim when you simplify your life will be worth every credit card you pay off every box of clutter you donate each dinner out vacation in new thing from the mall that you resist it'll be worth every raised eyebrow that comes your way. When you say no to things you cannot afford or when you try a new healthier way eat. I've experienced broke sick and tired, and I'm happy to report that there is a better way when you put a stop to overspending constantly comparing excessive business, proving yourself in your in your body and exhausting your mind, you can find energy save more feel better and be more with less. You don't have to change everything all at once and I don't recommend it instead choose one thing and let them lament on from that change fuel confidence and inspire the next step. Simplicity doesn't promise a perfect life, but it does help you define what happiness means in your life how much you really need to achieve that happiness and what you need to eliminate to maintain it.

Corny Carver Leisa Dave Ramsey
"car loans" Discussed on KFI AM 640

KFI AM 640

01:36 min | 1 year ago

"car loans" Discussed on KFI AM 640

"Brian Vance, Did you know that the average American has 97 points They can add to their credit score, and they have no idea how to get them. Score. Master is the new credit science and super boost your credit score. Forget raising you score by a few points. That's week. The average ta If I score Master user raises their credit score by 61 points in 20 days or less. 61 points. Say your credit score was the high five hundreds to mid six hundreds when you bought a new car. Well, if you'd gone to score master first and raise your credit score, just the average 61 points that our listeners get. You could have saved $9000 on your car loan. Nine grand. And if you had gone to score master before applying for your home loan and raised your credit score again, Just an average 61 points that are listening. We're getting you could have saved yourself almost 100 grand over the life of your loan score. Master puts you in control of your finances, not the bank enroll in minutes and see how many plus points score Master can add to your credit score visit score master dot com slashed him. Score. Master dot com slash him. Few know Kamala Harris is radical record with her attacks on gun rights and religious freedom, her backing of socialist programs, abortion and the Cancel culture. Newsmax TV's new primetime Show with Grant Stench Field exposes Kamala Harris Tune into stints Field at 8 P.m. Eastern. Tonight, Find Newsmax TV on major cable systems or get Newsmax free on Raku, YouTube Zoo Mope Ludo, Apple TV Chromecast, Amazon fire, smart TVs and more. You can even download the free Newsmax TV. From your phone and start watching now hiring his challenging. Just.

"car loans" Discussed on KLBJ 590AM

KLBJ 590AM

07:25 min | 1 year ago

"car loans" Discussed on KLBJ 590AM

"Loans, car loans and the United Heritage Charity Foundation, one of the leading charity foundations in all of Boston, also by covert and bass drop closed today, but open tomorrow. They've got to 2020 ones arriving, so rocks and chance you're making unbelievable deals on the 2020 Tahoes and suburban Ben. I understand we got a little change in the leaderboard in Harding Bark. Yeah, there's a four way tie now between Cameron chant Brooks kept Hao Tung Li and Daniel Berger. Correct. Wow. Yeah. Yeah, And I think there's about 30 players all within one or two strokes this lead, so it should make for a pretty fun Sunday tomorrow, but here in some strange news on the Twitter sphere A lot of work coming down that the hairs of possibility that hold on to your hats There's a strong attraction that Penn State, Ohio State, Michigan and Nebraska could join the Big 12 for this upcoming season that I won't believe it till I see it there. But if that is the case Hold my lord. Well, I think that would happen if the Big 10 1 announced we're not playing football, I think then Ohio State, Penn State, Nebraska and Mission would say no, We're going to play football this fall. That would be amazing. I would the Big 12 want Ohio State to join their confidence? What when it covered so it doesn't play defense. Ohio State would put up 80 points against Tzu's and the Baylor's and the Texas Tex and probably the Texas Longhorns. Let me just say how from from old guy standpoint, how exciting would it be for just one year? Oh, yeah, just one year to have those teams to play in a conference. That's that before that would be 14. Track that B 14 members. Wow will be fun, but I want to go to an over Michigan for a game. But they're no fans would be great to be great football. It wouldn't It would make a honestly a conference of death. It would be pretty comparable compatible to the S E. C. But it would be better than the if you add Ohio State, Michigan, Pennsylvania State, Nebraska. Oh, my goodness. How exciting would that be? You know, from a guy who I love Nebraska and the Big 12. But Nebraska left the Big 12. You know why they left the Big 12? Because they couldn't call the shots anymore. Yeah, Texas was calling the shots in the Big 12. They got mad, and they left the big 12. But how great would it be for you? Oklahoma fans. To see Oklahoma and Nebraska revisited because then people forget about that rivalry. I still contend I know Texas Oklahoma is a giant rivalry, but during the day The Oklahoma Nebraska was unbelievable rivalry and to have Texas play Ohio State again as we have to play Michigan again that we have to play Pennsylvania State again that we have in Nebraska. Wow. And I know I wonder what's happening in the Big 12 office. If there are truly are Call's being made to Bob Bosley saying, Hey, let's think about this. Again. I mean, that is to me. It sounds so far fetched that I would be and I won't believe it till I see it. It would be unbelievable to see that mega conference it would be a mega conference. It scares me. Also to think what what could happen with Ohio State join the Big 12 because they are the powerhouse. They are the favorite to win the national championship. I'd be stunned if they didn't win it this year if there's football, but I pray for I was state and Baylor, Ohio State for US and Baylor's better. Ohio. Iowa State's better I would I would. I would feel sorry. I'm sorry for Texas Tech and the Kansas Jayhawks are playing those guys in football, But it's only conjecture. It's only speculation but how funny on the phone line's always open. You know, for one year in this time of Cove it I would say I would give up going to the football Games T to say I'm staying home and I could possibly watch Texas play Michigan or Texas play Penn State. Our Texas play Ohio State that way, What a wonderful time. Everybody's so worried about traveling and they want to stay close to home that be a hell of a commute. For Texas, or even never, you know anybody in the big, tall to be traveling upto Pennsylvania or vice versa. So I don't know if If I was called the shots for now, I would you know, I think they should make it all regional football right now. I think they should play in state. Only so everybody in taxes makes it conference. The SEC. Obviously, you know you probably good for the most part. Keep it how it is, but I think it should all be regional. I think right now, with everything so different, so strange and so messed up. It's not gonna be a normal season. I think you need to. Really, you know, freestyle here and have regional football to think the thing that would come into play or those TV contracts with with with the conferences. You're exactly right. Lucas. How great would it be to have if if we had a national leader in the world of comics football to say for one year? Texas A and M will be make it the old type of Southwest Conference. It would be. It would be the University of Houston. It would be Texas A and M It would be Texas. It would be Baylor s M U and TCU and Texas Tech. It's a regional competition. I want to throw in animal feed want, um, you might want to throw in Alice Shoe. It's Theo. Bus trip. One bus trip, one day much trip deal. But I think that's a marvelous idea. But I don't think it did right now. It's it's not going to go smoothly. It's not gonna go according to plan. That is why I like we said a 1,000,000 times that there needs to be a one voice a leader to make these calls because he could. I think if they wanted to the right now could say, all right. New confidence this year for this year only hear the conferences. You know you can't drive. I know it's gonna be different, but this is how we're going to do it. It's the safest way to do it because we want bus rides instead of planes and and say, we want to give you the same, say if am says Okay, actors you're playing with the Longhorns and TCU and S M U and University of Houston. You're going to get your same share from the S E c. But you're going to play a different conference. For goodness sakes, weren't a pandemic way aren't a pandemic. I truly I know. I hate to be negative here. But I will be surprised if we get football. I think this is all you know, Smoke and mirrors. I don't think we're going to see football. I don't see it. Probably. Really. I really don't think we will. I don't see how You can have these college kids social distancing and sticking to themselves for five months. It's different than the NFL where you can have the they're paying these guys. To be safe and not go around people. But when you have these college kids, they have to 10 classes. Who knows where that kid that Sig next them in geometry. Where's he been? You never know. And it just I don't see how They can keep these college could safe, well, college kids going to college kids, But on the classes, they could take all their classes online. They could go from wherever they're living being an apartment being The dorm. You could go To the football complex in Goa in this massive study halls. They haven't checked it. All it takes is one. I know. All it takes is one. So some notes from yesterday's Tom Hermann's first practice the guy that you told me about a couple years ago be John Robinson. Tom Harmon said. He's 18 going on 24 mentally and physically. I can't wait to see him play. I will not be surprised if in two or three years he will be in New York for the Heisman finalist. I.

football Ohio State Texas Nebraska Michigan Texas Tech Pennsylvania State Baylor Oklahoma Penn State University of Houston Twitter Harding Bark Ohio Texas Longhorns TCU Boston Tom Harmon United Heritage Charity Founda
What will out-of-work Americans do without that extra $600 per week?

Marketplace with Kai Ryssdal

04:05 min | 1 year ago

What will out-of-work Americans do without that extra $600 per week?

"We begin this week at the end of July in a year. Ain't none of us. GonNa Forget by pointing out the enduring reality of vis economy, thirty two and a half million Americans aren't working. They are trying to get by on expanded federal unemployment benefits expanded in who can get him gig workers, the self-employed people who can't go to work because school is closed, or because somebody in their household is sick. They all get them. Those benefits are also expanded in how much people can get the extra six hundred dollars a week? You've been hearing so much about here and elsewhere. You've also been hearing. I'm sure that the last of those checks go out in like a week. Unless Congress and the White House decide to do something. Marketplace's Mitchell Hartman gets is going. Back, in March Austin, Texas was gearing up for the annual south by southwest. Festival and everyone theater folks waiters, bartenders car share drivers was about to be working round the clock for a whole month, and making a significant chunk of their annual pay, then covid nineteen hit, the city announced that was going to be shut down. It just pulled the plug out from under every day Stephen Pruitt's lighting, designer and videography. videography he had gigs setup for south by southwest, and then he was going to China with Texas, tap dance troupe, instead myself and everyone else just lost every job that we've had before the pandemic. He'd been out of luck. Freelance workers aren't typically eligible for jobless benefits. But Washington made them eligible and added six hundred dollars. A week to everybody's on employment checks. It's been the difference between you know my rant. Versus, not if Washington doesn't extend the six hundred dollar week, pandemic payments come August pruitt will be getting a Texas sized unemployment check of two hundred a week. Like at that point. I'm probably still paying my rent, but I may have to talk to my bank about Can I defer my car loan? Okay? I can still survive, but now I'm going to be figuring out how to prioritize which bills to. To pay all over the country, people in states with comparatively low jobless benefits like taxes will face a fifty to seventy five percent. Pay Cut at a time when getting a new job isn't necessarily easy or safe. Says Andrew Staedtler at the century. Foundation, and that means people worried about losing their housing having to move in with relatives. You're not really be able to get by on unemployment benefits. Staedtler says. The federal supplement will suck twenty five billion dollars a week out of the economy. Money people spend right away on essentials. Rent food transportation. The money is also keeping some small businesses alive like an assemblies bakery in Kansas City. where she is cooked server and businessmen. When the state shutdown she got on pandemic on employment. It's gone towards shop expenses I. Mean I still have to pay rent? Even when I'm close and utilities, and all that I haven't had any revenue really when the state re opened, she was no longer eligible for unemployment, so she reopened fully masked takeout only and then Monday I woke up with flu symptoms and went to the doctor I'm presumptive positives shows quarantining now and her shop. Shop is closed if she doesn't start getting unemployment payments soon. She's not sure she'll be able to reopen. I'm Mitchell Hartman for marketplace exactly how much spending power that extra six hundred bucks gets. It varies a whole lot of course depending on where you are colleagues at the APM. Research labs of in Saint Paul of built an interactive map that will give you some sense of it. You can check that out at marketplace dot ord. Should say here by the way that there are talks said on an economic package tomorrow up on Capitol Hill. The GOP wants to hold it to a trillion. Democrats in the House already passed a at three and a half trillion. Those obviously are the starting

Texas Andrew Staedtler Mitchell Hartman Stephen Pruitt Washington Austin White House GOP Congress Saint Paul FLU APM China Kansas City.
From Glassblower to Software Developer using Free Coding Resources with Michael Pimentel

Learn to Code with Me

46:03 min | 1 year ago

From Glassblower to Software Developer using Free Coding Resources with Michael Pimentel

"And we're back in today's episode. I speak with Michael, Pimentel. Michael Story is fascinating worked in the glassblowing industry specifically for film sets for nine years before he started teaching himself how to Code. And what makes him even more? Interesting is the fact that he doesn't have a college degree. Anti never went to a coding bootcamp. He is entirely self-taught. and. That is exactly what we're GONNA be talking about today. How he taught himself to code. WOW, working fulltime. How guys first job in tack and how he got more roles in the tech industry as time went on. If you tips for staying motivated while learning how to Code. This episode is for you enjoy. Hey. Michael. Thank you so much for coming on the show today. It will on six February I'm real excited to talk with you. You have like interesting. Self taught experience in. That's what I would like to dive into I. Could you share with us how you got started in software engineering? Absolutely so kind of Story kind of goes back to a few years ago when I was working for a company that made life for the film industry now working there as a manufacturer glassblowing really interesting work. Kind of working in a manufacturing type of shop warehouse, loud, working on a lay, that spun in a really hot environment I was there for a really long time and things just. Kinda didn't progress in terms of career. Wise and financially it was just really typical I live in California and California being one of the most expensive place live. It just wasn't sustainable. married and I have a child and that it just wasn't something that I could maintain so it kind of motivated me to start thinking I need to. Probably either go back to school or another another route career choice so i. can you know build to support and have a career that can provide general finance, support and everything like that, so it kind of led me to back to. My interest in computers and everything like that, so I started to do some online, searching and everything like that and it. Brought me to software development coding, you know some booming career choice that is really big right now and everything like that was like okay. Maybe I should go back to school for that, but at the time it really wasn't the best option I went acted. As a couple of glasses time, that's what I could afford at my community college, and then just got really difficult to maintain a full-time job and take one or two classes, and it got really expensive, because my wife was what was going to school in college and everything like that, so it was really difficult for us to support both less going especially you know. Not really knowing what I wanted to do. So I I did a lot of searching and I came across recode camp and recode camp. You know like when you get on their landing page. It's like learning one to code for free and always people learn this way and I was like wait three. This isn't make sense. This will usually scams off there. Start off Rian. Then you have to pay something and everything like that and you know to my surprise actually was free, and then so I started I jumped right in, and just started to go to the curriculum, and it sparked my interest and I was like. Wow, this is really cool. It's it kind of. Goes about in a way that. Gets you interested really quickly? You know with hd Mounsey assassin how you can get feedback on the webpage really quickly. Let's kind of how it started because I. Just I just couldn't go. That route was a canoe into school because it was just really expensive and I already had like a car loan, I couldn't get like student loan. It was just wasn't really practical. It's like cave. Do put myself some really extreme debt that I don't know if it's GonNa lead to something. That's GONNA pay in the end so I had to find another option and looked like learning to code on my own free resources when that resource beginning with recode camp was was the route I took. Awesome so I, want to backtrack a little bit to your. Your work before you got into coding, so you you okay? You said he was a manufacturing role. I haven't made notes that you were a glass blower which anti note that is for movies today shows. Definitely. What is it glasses? Sure okay, so a glass blower, typically like of someone like Google glass large usually someone that takes some raw material which consists of the materials, t make glass essentially depending on what what the? The. End Product is going to be different types of glass. Of course so basically you take them in you hit Heaton furnace, or with a really hot torture claim so that it becomes like in this malleable state, and then you shape it essentially so what I did there? We work on a leave, and we basically built like the light bulb globe. It's spun on a lathe and then you would really. Really hot with a hydrogen oxygen burners, two thousand degrees, and then you shape it based on certain dimensions so basically they would take that, and then we'd have a filament type that would basically you know, have some kind of chemical reaction than light up base off whatever the the fixture needed you know for the filming, so the specific light that they made there was an Hmo which is like a chemical. Name that I really don't know all the details into it, but it basically replicates the color of the sun so like if you see like on film sets, use those lights that kind of are the background that make everything look real, daytime and night-time filming. Those are the lights that we made when I worked there we're one of the few American companies still made them like with our hands, still as opposed to a machine meaning making them in a in a warehouse somewhere. But in a sense, essentially, that's what it was. We were just making them with a glassblowing. That's what I did while working there while I think nine or ten years. We Really, oh my goodness. Wow so start I'm surprised. It was that long because for people. Listening to this show were actually speaking through video so I can see you so I'm like. Wow doesn't look like he can hold a John. Young so young to have a job for that long. Then start another career. Okay? Wow, that awful. How did you get into that? Because that feels very niche, you're essentially making bulldogs. That camera crews in production crews are using on the sets of TV shows I mean. We were chatting before we recorded you live in California. I know like the entertainment industry is. In the movie industry in all of that is obviously very prominent out there is that kind of how that happened or It's interesting so actually the reason why I got into it is because my dad worked in that industry or like thirty years, and I had come out of working at John Juice and I was their. First job actually was working as a team member workup to insistent manager, and then eventually needed to make more money, because I got married at a really young so I. My dad ended up helping me getting the job there and you know I just ended up staying there for a really long time, but it's really how I got into. It was as my dad was in that industry longtime. He had connections and everything like that. Dot It. Did you go to a trade school or anything for glassblowing? No I actually just learned on the job. And still to this day is one of the most difficult things that I've ever done. Physically I for almost anything that can compare it to I think. Programming is its own challenge, but is like the hardest physical. Thing I've ever had to learn because it was like. If you don't do it right the first time, then you ruin it. So there's no going back and fixing it once. You kind of ruin it because the glass that we would work with you'd have to mix it with metals, and then once it's kind of melted to a certain point, you can't go back in extract those materials out of the glass, so it's Kinda ruined. If you don't do it, right is probably there really nerve, wracking or when I did that job. Yeah Wow, it also sounds like it could be dangerous if you're working as really like high temperatures. Absolutely I got burned really bad third degree burns I have degree burns like all my arm from it, but yeah, it was. It's definitely. Was I'm just curious. Did that have any role in your decision to look for a new job like I? Know you mentioned like the financial side, but were there other things, too? Yeah absolutely a that part being okay, so the big part, actually a aside from like the financial reasons that it just didn't pay that much. It was the work environments. It is in the Central Valley of California which in the summertime gets you know triple digits consistently and the warehouse that it is done is basically like a garage. It doesn't have an air condition. It doesn't have any of those things so the environment itself was. was just really really taxing. There's been a couple of times when I had gotten heat exhaustion, I got sent home because of it because like say it's one hundred, three, hundred ten, even outside inside that shop where you'd be working is a hundred twenty one hundred thirty degrees, and it was just unbearable is the if you've our to look back on some old twitter posts? I probably have pictures of like a thermometer in the area. And it's just like maxed out because it was just so hot, but yeah, that's that's probably WANNA be. A motivating factors to wanting to look for another job. It got to point where I was like. I need to get out of here. No matter what this job is just killing me physically, and you know a lot of other reasons you can imagine in an environment like that the people that you tend to work around kind of like really. Not The best work environment because you know on a lot of stress and you know tend not to get along very well when they're under a lot of stress is mentally and just everything that came along with that job, so it just became kind of like a hostile work environment as well so it was like a lot of. Factors that Kinda came into me like I have to get out of here you to find something else you know. Yeah well I mean that definitely makes sense. There's a few other people or one that is coming to mind that. We had on the show in a previous season. Whose name is Josh Camp? And he was a hope I. Stay this right a horse I think it's a horse fairer fairer, hope, number news right, but he would change the hooves on horses, which could also be really dangerous. Obviously, a horse kicks you and I believe it was an injury that ultimately led him to. You know look for other work in in what will link to that in the show notes for people listening now 'cause it. Was You know a few years back when we had on the show and any other episode, I believe it could have had a few where there was someone with a moron. Sick physically dangerous or physically labor job, and that's kind of what led them to to make a pretty big pivot because I can like working for you as a glass blower in those in that environment, physical Super Super Hot. It's totally different from working as a software engineer. And when you started coding, you mentioned using Free Co camp in other free resources. Were you still working fulltime as the glass blower and you are learning outside of that? Yes I was so I would I had a fulltime job there, and because of the heat I would work really really early hours I try to go in his earliest possible as three in the morning. Get off at noon or whatever it was Leonard Twelve so that time that I would get off of course I'd already so exhausted. Matt jobs so I have to go home and sleep a little bit and then. The thing with those interesting with that is. It was hard for me to be going having a fulltime job like that. Maybe some people can relate to that. You know like a maybe just a fulltime job in general is exhausting, but this job probably pushed it because of the environment itself the hostility behind it. That kind of gave me more motivation to be like you know what I'm really tired right now. And I'm not really motivated to to learn coding complete, foreign and difficult, but when I get off work the way I did time, so you know wanting to leave that place so bad that it was just that extra boost motivation for me to learn and study and just do everything I needed to do to succeed in it on just because it was just so bad. I got desperate. Really desperate I just remember that I tend to forget that, but then when I do remember I'm like wow, it helps me to be like really grateful. You know to where I am now, and it was really hard working fulltime job in learning, because I did learn while working there probably about a year and a half, maybe almost two years I was learning. And There was there were times when I would make huge progresses, but then. At the same time thinking like is this really possible? How do people get a job doing? It's like yeah. I can build a website, but there's more to it you like. Is this all I need to get a job type thing you know But Yeah! It was it was hard and I. Don't want to say like Oh yeah. It's super easy because it. Wasn't especially having to work fulltime job in it's all I could just you know. Take days off now and everything like that. I had to work. But yeah. It was difficult. So you were. Doing ice, you said for like one and a half two years where you were doing boom things at the same time. appleaday mentioned this earlier, but you. Free Co camp. Did you use any other resources or you mentioned Community College? Were you taking classes there? Yeah so additional to recode camp so the there's a lot of other things that I did that helped me so free code camp opened up at the time. I haven't camp while, but at the time had lake. Away that you would join and beat up and it was through facebook. It was like face, looking need groups or something, and it was like find a recode camp. Meet up because I. Guess they had like an umbrella. Recode camp meet ups that you can join, and you would basically type in your city in order find the nearest one that was that was organized and everything like that, so I found one in my city and it was you know a few people apartment that would meet up in so I joined that group and I reached out on their. Pre Cochem does a really good job with trying to connect people, so it's like hey, introduce yourself in post on there, so that people can no, no your journey Cetera so i. did that and I ended up meeting up with the organizers of that? Meet Up. We met at starbucks talked about you know everything on learning this and that where you and Rico camped up thing so eventually, I got more involved in that met more people that were learning as well and then now it. Kinda led to Terry member Oh the Mita. Dot Com meet up. There was also the recode. KEMP MEDIA DOT COM for our area that was attached to that facebook group. And, he was like yeah. I just started this. Meet up group, so we can kind of be more broad for people that don't have facebook. We can just Kinda grow up there and he was like you WanNa, help me with that because you know. He was maintaining full job as well, and he needed someone to Kinda. Fill in that gap where he couldn't. You know sounds like yeah. Sure I could definitely help with that, so I helped him. kind of on the organization's portion of that. meet up and like. Hey, let's try to meet. Kind of swap the weeks you know will be on a Saturday one week and then. I'll take the next every type of thing we'd be out of starbucks. And then someone posted on the meet up of feed. Like hey does a hack upon coming up, you guys should come reach out and you know I think it was free, and it was in our area, so I went to the hacker thon and myself in a couple of other people that were in that group, and then we ended up a or ended meeting a few other people at that meet up. That were real professional programmers. At the thoughts I introduced myself to them and everything like that met some really really nice. And probably the most helpful in kind person was actually the the organizer of that Agathon. When. I met him and everything like that. He gave me his contact information in and said Hey, we should get together sometime. I'm Cha and he was a professional programmer, running his own business and everything like that, so eventually I stayed in contact with him, and I met up with him, and I told him my journey and what I'm trying to do, super supportive of us all about helping people in my situation, you know like make connections, and even even help them with an internship and everything like that, and that's Kinda weird kicked off actually where it went from me trying to learn to me, actually making connections in potentially those connections leading to jobs. That was huge. Actually so this person that ran out. Pakistan also ran his on meet up. and His name was a little bit more. Mature he had a organized large meet ups and organised like a speakers where he would teach people how to get started with a new technology and all that stuff you know, so. This percent met up with them, and they're willing to like. Hey, you WANNA work on a project with. Wow real project like that's what I need to experience with a project, so I met with him or opt in some of the people that worked with him, and he ended up working with a lot of other guys that or just people in general men and women that were like kind of doing their own thing that a little bit more advanced as As programmers they're building girl websites starting their own software business in lake, a consulting and everything like that. That's where kind of took off. Is that connection? You know I to a upon met some people, and then it led to more people that we're kind of in the same boat as me, and if they are more advanced, they're willing to help me. By struggled with something and everything like that. It was really a douse like typical in me being successful. Yeah that is a great story and Other interviews I've been doing this season. We invite the guests on, and we think they have a really interesting transformation. Story is kind of like who I've been really Trying to get on the show this season and every single person that I've interviewed so far and there's been you know. Handful have all. Had this like really awesome Lake County. Component to their story and men like Kinda. Showing how supportive the tech community is in in various ways, and it sounds like you found that you know through this. Through connections through other connections with more experienced people in the field that helped catapult you forward in the they were able to help support you in various ways and maybe help if you're stuck as you said, build your first project and I think that's really cool I. Think it's really good for beginners to hear that because I know when I first started out in probably you, too. I would imagine it can be really intimidating and feel like very overwhelming, and you can feel really alone, and it's like it's almost. I haven't experienced like trying to break into other industries, but in a lot of ways I feel like even though texts seemed really intense in really hard I mean it is, but there's just such kind and helpful people like a friend, totally random side story, but she's not intact. She was trying to break into. The entertainment like film like Moodley TV shows. and. She had to work at an unpaid internship for like a year in really like claw her way up. She actually does really awesome. producing on really awesome documentaries now but. It was like really hard, very competitive very very. Very like you know and I feel like the tech community is so different from that like it's. People are Super Helpful yeah definitely. I've heard that as well. I'm not sure if it's if it's like the demand in this industry that were like trying to get into maybe people, maybe a logical gotten to it, and they kind of see you know all the hard work that. It takes. I, guess that they want to help other people as well or like coming from something like my background and everything like that. They kind of want to help people as well, but yeah, I noticed that as well as a lot of really helpful people, even before I started going through the ups and everything I joined twitter, and that's when I found like just like a free code cannot co Newbie A. PODCAST are their Hashtag in general dislike just to get help and everything like that, and when I when I reached out that way, just random people that were professionals judgment like hey. I think I'll struggling with. Like centering Adib or CSS, something something kind of silly. You know I needed help with it and some random person was like. Hey, Gimme, your hub Repo albeit with that was like. Wow, some random person that realize but more Santander worked at Microsoft or something like that and are willing to help I didn't even know this person but yeah, definitely noticed that about the industry's is a lot of willing people to help you regardless. Of Your background and everything like that. Yeah another guest I. Literally just had on the podcast said that she had so many breakthroughs. A CAITLIN for people listening to the show and in episode Caitlin. She was talking about how she had so many breakthroughs on twitter asking for help in people that she didn't even know. Offering to help her in various capacities, I feel like twitter is such a good. Well, it's funny. Because social media like every platform kind of has its own. Little like corner or whatever it could be really good for certain things and I feel like asking for help. Like in that way. Twitter is awesome because people will jump in people. It's almost like a forum, but it's not, but people are very like. Communicate unlike you know instagram or something, which is mostly about the photos and it's. It's not the same kind of. Environment just different. Anyway, it's it's interesting. Yeah so switching gears a tiny bit I would like to hear about how the new ended up getting your first full-time real position. Yeah absolutely. So it was when our meet up grew so when I met this person a friend. His name is nate a probably. Give him recognition there because east been so huge in my in my career as a friend and generally slow parental today we kind of joined are meet ups and we grew into this big. Meet Up. And it was like three hundred people. We grew to over three hundred people, and then we. He had connections with someone that was really involved in trying to grow the tech scene in the Central Valley of California. Washable, probably think though in California. It's like tech everywhere. Tech is huge, but that's really isolated towards like Silicon Valley Bay area, and when you go to the outskirts where I live, it's like farms and orchards in just really like farmland in. The outskirts of all the techie over the hill and there's all the big central. Silicon Valley everything like that, but out here it's it's completely different. There's still a lot of factories out here and everything like that, so tech isn't the big thing out here, so he was trying to person. He tried to basically bring tech out this way like hey companies. There's a talent out here as well so he was a part of that big that this big movement. That's still going on today so anyways. We ended up getting a space with his help, and he supported he. He got funding for it and we moved our meet up there. And, we were able to go reach out to the computer. Science professors ask some of the community colleges. They are able to come out. We reached out to people that talk computer science in the high schools I reach people on facebook I went out trying to like introduce myself to all these people, so we can grow all his these groups that are people better in software or coating to hey, come to this, Mita because we can all grow with the tech in the valley, so we had this large event whereas kicking off are merging of our beat ups, and we had I think. Over one hundred fifty people like almost two hundred people from professors in computer science to high school teachers in computer science to people, learning and everything like that so I went up there and I was speaking in front of it, and I was basically motivating other people that were in my position like hey. You guys? Should really you know? I was trying to leaning towards free code camp like if you guys want to learn to cope because those people that were like thinking about it, you know not really that much into it, so I kind of wanted to focus on those people because that's where they had the experience of coming from so was like. Hey, you know it's not that hard to get into it. There's some really really great resources that are free. That doesn't cost anything you know. MEET UPS like this a lot of great connections here and people willing to help you. If you're struggling every twenty five solves talking. They're all that and at that. Meet up was a few other. That worked at companies nearby when Consulting Agency the the banks have some of their software people out in the Central Valley as well and a couple of of the people that were there were friends with my friend, nate, a one that have basically helped me out and everything that always connections. He introduced me to one of guys there and he said Hey his company's hiring. I want you. I want to introduce you to Michael and this is after all is kind of getting already getting. Getting experience with building some projects and everything and my friend was like. Yeah, he knows what he's doing now. He he's employable. He's definitely has experience with building front, and back and software and everything so introduced me to a friend of his name of Josh and he worked for a company that basically did consulting for like probations, law enforcement software. They did software for E N NJ Gallo, a lot of big companies, so they're really established there around for like twenty years so I met with him. And then he was like where we're actually looking for someone. More junior developer is like Amir number. We eventually had coffee. Just Kinda. Talk and everything like that and we just hit it off. We kind of our personalities. Kind of you know He. We liked hanging out and everything like that, so that kind of started like a friendship, you know. We talked for about a year and. And you'd help you with stuff like that and I was like. Hey, and he's like our company is kind of in the middle of Lake, you know hiring, but they kinda. Put a freeze on that everything like that, so after about a year when I. When I met him, he finally called me up one day, and the funny story is that I was getting to a point. In in learning how to Code and currently working where I was almost ready to give up, because it felt like I was putting effort and then. I wasn't getting any any reward from like. If I was applying everywhere and I wouldn't get any kind of response to resume. I reached out to people to help with resume all these things. Did I did a lot? Maybe not everything that could have just because I didn't know, but I felt like I was getting any hits on my resume or If I. DID GET A call. It was like you know I didn't know how to do some kind of algorithm that I didn't learn or memorize or whatever it was, so I was getting really discouraged, almost going to be like. Maybe I do need to go to school at unity at degree. Maybe I need to just join a boot camp or or joint something that is going to make me be more appealing to employers so I was looking. and. Just kind of getting really discouraged at that time. But the funny thing is that I got a call for my friend Josh and he goes. Hey, we have this contract coming up. We need to hire a developer and I've been talking to my boss about you and we'd like to bring you on. He's like. Of course we'll interview you and everything like that and he's like. Are you interested in? He's like. Like I'm almost one hundred percent, sure they've we bring you on because you know like I know you and I know your work, and I can help you and everything like that and I was like. Are you kidding me? And when he told me that I was thrilled, I was actually really scared. Same time this is reality is like real software coding. In, part of me was going to say no like I do this. This is too much like the difference between working on side projects that you know like whatever no one's really going to care about versus working on software that people use so I. I got really scared. I even once. My wife and I was like I. Don't know if I can do this like I'm GonNa. Quit my job and I go do this and then I fail. I can't go back to that job. I can't do that, you know. This is a big decision. You know I've been here for nine years or whatever it was. So ultimately, my my wife convinced me and was like you need to do this. People don't get good things unless they take some kind of risk. Regardless, you should try you know. So I call it my friend. I told him I concerns and Josh was like you know you're just trying to scare yourself out of. It Dude so just take it from me. I'm going to be there to help you, so don't worry us to take this. Just, take it you know and I was like. Okay, let's set up the interview and everything like that and goes all right, so set the interview and. They hired me. And that was basically it I started there with no professional experience. It was all because of someone was willing to help me know again back to that. You know this industry is always really helpful people that are willing to take a chance on you and help me help you and everything, and and and of course there's a lot of challenges you know working in in actually writing real software and everything like that, but in the long run it really helped me in was just huge into getting my job, and then after that first job. Of course, my resume after that just everyone always cared to look at it. You know I I didn't have nearly as. Much difficulty looking for next role after that I think it's like once you get your first job regardless of its junior level, or whatever in in this industry it kind of goes downhill OCTA that you actually get considered. You know you'll get your resume looked at. You'll get that first interview and everything like that. Yeah Wow, so. How long did you work there at the first job? And then what what kind? You don't have to get like super detailed, but like what kind of work redoing essentially. There year, so I started off working on a back end actually of in node framework, or on the no runtime. Basically, the contract was migrating some. It's funny because I went from like barely learning it in writing mostly front end to writing some back in code and the PRI, the contract was basically taking some old enterprise services that were written in Java and then rewriting them on no gs lambda, so that that was what I was doing for like the first four months and after that contract and they moved on to another. Another project and it was more full stack. It was job script. It was using angular on the front end no on the back end and some sequel server, but I got the rightful stack of front end back in using Java javascript note and everything like that. It was really fun. 'cause I got to work on two different big projects there and I learned so much. That's where my whole stack experience kind of took off I got I got to learn so much and the people that I worked with worse huge. It was just I can't even express how thankful I am to people that I work with there and I still am friends with them. That helped me explained things a broke things down. And having been able to understand these other languages. Yeah Wow and I know you recently got a laid off due to cove in nineteen. was that from this same employer or was this another job you had gotten after leaving that company? Another story so I was there at that company for about a year, and then towards the end my wife and I found out. We're GONNA. Have Child and so I needed to. That company was great for it was actually a bump in salary than I currently made up. My Company the light, Bulb Company, but it's I still needed to. I needed to progress I needed to move on and grow my career, and financially so I started to look I started. You know I even asked my boss at the time. I was like Hey I have a child, the ways or any chance that I can move up or anything like that, and you give me feedback, and it was like yeah, definitely, in whatever amount of time so I took that and say okay, that's CREPE. should start looking in see by even get my resume considered now that experience so I started to look, and then I got hired at a start up in the bay area and Silicon Valley. And I was there for almost a year way so i. don't want I. Don't want to interrupt you, but was at working remotely or you move there. I actually had hybrid role, so I would go into the office like an hour and a half commute two days a week. And then worked from home the other days, but yeah, it was a there. I got a taste of the whole silicon valley. Feel of how software companies ran, and my skills went up even higher because of that environment, but yeah, so I was there for about a year and It was a startup that wasn't able to get another round of funding, so actually we all. They started laying people off. fortunately they didn't lay the soccer team like right away, but since we found that out, we started to look all the engineers that worked at that company, or like Oh they're not getting. Funding is a good chance. They're gonNA lay people off, so we all started looking and I got hired at the Credit Union and I. was there for about a year? or about a year exactly actually, and due to the pandemic and everything like that they started to kind of restructure, reorganize everything and effected a lot of teams, including my own team and We're a part of that layoffs will. But yeah, it was. It was kind of something that I. Could. Imagine obviously has affected a lot of people everywhere, and it feels like it's just one of those times. That no-one can have planned for, but yeah. I've been a part of that have been affected by that as well. Yes, so justice like for myself in the listeners, so you basically had three different jobs like intech at this point in each for about a year. Give or take, so you essentially now have like three years of like fulltime software engineering experience. And the most recent position that you've got furloughed related offer a Is that a credit union? And what were you doing there so? It's interesting. 'cause you've such like different experience like from like like a consulting firm to a tech startup to credit union like I imagined that the experiences at each one were quite different like the environment of in the way people work in south. Absolutely so. Go working at a credit union, it's a pretty large credit union and the way things are done there as opposed to the other companies that I worked at. Worse it significantly different so look the startup that I worked at. They were pretty large. Start up there actually around for ten years they had employed over three hundred people. The engineering team was fifty engineers people and. They operated like they were a big tech company and everything like that, so but at the same time I had the experience of being able to shift. To project same time like there's times when I was working on a mobile APP and one for one sprint I'd be working on a whole two weeks on a mobile APP, and then I'd be pivoted to work on their web APP, clients. Front end code, and then after that I'd be working on some hardware code completely different working on a proprietary algorithm that needs to be converted in red on a mobile APP. It was different stuff all the time, and it was really exciting, but also really nerve wracking because of the context, switching a lot and learning new languages at the same time. So that was I learned a lot by lot of the fast paced stuff at that start up, and then when I got to the Credit Union. There was a little bit more relaxed because those only one product that I worked on essentially. Korb, inking APP and there I had a team of eight engineers that were dedicated for this core banking APP. I got brought on as a senior engineer there, and then that that role kind of pivoted towards a lead developer. I was on that project for about four months. And then my a boss. Promoted to the lead developer of that team so essentially there was a lot different roles because for one it was one project, and it was a mobile APP. I had experience with mobile APP at the other company, but not to this extent, it was just a huge mobile APP. And the primary, the primary objective being handling with people's money was probably a significant factor to the change of of like a importance of the application that part probably. At a lot to the stress when I worked knowing that you're working on something that deals with people's money and five hundred thousand active members so that was a big learning experience. And I do. I learned a lot of new stuff learned new languages learned how to do a lot of things that you wouldn't typically do web development, but yeah, it was a lot of differences in structure, probably a lot of different departments that you have to work with before you can get approval in changing something like maybe typically and. Change some piece of code that would maybe look slightly different, because it just makes more sense while at the Credit Union. It wasn't that simple. You had to get a lot of approvals and a lot of test. Writing to make sure lingers securer in a rented to different avenues. You know which was different. Yeah, that yeah makes dealing with financial information. You know sensitive data, and all that would be quite different. I imagined so now that your you by the time episode airs, you could already be in a new job, but. Being active in your job search now. What kind of company aiming to work out? What do you want to stay in like? The financial industry are trying to go back to a startup or maybe a consulting firm that you get to work all these different projects. Yeah, what were you? What did you like the most I guess? Let's see. Probably a ideally would wouldn't stay in the financial industry just because. All the little differences in how delayed development can be due to all those hoops. You have to jump through, but probably most fun I had was. Working in consulting agency. Because working so many different things. Different projects everything like that, but a lot of them had their own pros and cons. You know in terms of like. What I would prefer probably something that is more established due to. More stability just because of everything. That's going on right now. I've heard a lot of people have lost their jobs regardless of the industry even in software I would probably prefer stability. If I could choose regardless of the industry but Yeah. It's probably it's probably more geared towards that. You know what I can find that it is more stable and everything like that. I do have a few other avenues in alert. You know companies that I'm going through right now so I am confident that something will end soon. That's probably the good part is that they're still a high demand for software engineers and everything like that, so there's a lot of good a good places that are hiring right now and everything like that. But. They do specific Yeah Yeah Gotcha so I'm. Kind of jumping around here, but I really wanted to ask this question, and it goes back to your glassblowing experience. I was wondering if there was anything from that or your position before a Jumba juice that you. Were able to transfer or in some way to you in your job, your new job as a software developer. Probably the thing that. I don't know if it helped me, but there's a few different things probably so working probably in an environment that required me to have a lot of perseverance, probably aided to my benefit, and in general and just work ethic. It helps me To be able to deal with probably stresses and deadlines Challenges in my current role because I dealt with that a lot on any. Of can can relate to that. Is You know working in a place like that or just any kind of work that requires them to give a little bit extra is required, just laken. Succeed or do well their job. It probably just helps helped with those areas in work ethic to work hard enduro ally and everything like that but also know what I want going forward, and what I don't want in a career or or next role. Also of a big part of that. Working at that company helped me in was. Probably having difficult conversations with my employer I had a lot of those at that company and it prepared me to be able to deal with those difficult situations. A lot better at all night, other roles a and what I mean, my difficult situations, probably dealing with difficult people another one being having a conversation with your superiors about compensation You know asking for what you feel like. You deserve and everything like that I've had a lot of those, and they didn't go so well at that company that I feel really confident and know how to approach those types of people or Whenever those conversations need to happen, you know. It can be difficult for a lot of people, but I think have so much experience with it that it's. It's kind of more fluid and how to do in the right way. It's aided a lot in that in in my career going forward. Yeah that makes sense and like. I, I can only imagine like the stressors you deal with being in an environment with the glassblowing like Super Hot. You said you were sent home from heat exhaustion, the stress like literally the physical danger bringing yourself. It's like working from home as a software engineer or star office in Silicon. Valley is like the stress level would be so much less like the. They compare Cinderella the stressors you're dealing with compared to maybe like the ones at the other place. Yeah, like whole other scar accord whole other thing, right? We are like running at time and there's one last question I want to ask before we wrap this out and it's just if you could share any like final advice to people listening right now. Who are just starting out? Maybe they were where you were like. You know four or five years ago. Whenever whenever you got your start. What advice would you give them? All. Let's see so I. Think for one perseverence when things feel like it's difficult, it may be difficult at first, but the more and more you do it in the more and more you practice. You'll eventually understand it some complicated things that I. That I could not have imagined when I first started of doing I'm able to thoroughly explain. They seem like almost simple. Now I think the more and more you do it. The the more natural feel, and it'll be really simple. Just just keep on doing it and things easier. also in your journey and learning. It's really important to try to reach out to people to make connections go to meet UPS ask questions. Because those are going to be the areas where where you're gonNA find a connection that can help you find that career and ultimately successful in in this career field. But those are probably the two biggest ones is. Now I know it's hard at first, but it gets easier, and it gets fun on the challenges they start to face. Get really exciting, and it's really rewarding. Ultimately you know all hard work will pay off as long as you just keep to it. And it will pay off so yeah, awesome, great advice in a great way to end this interview. Thank you so much again for coming on. Where can people find you online? Yeah absolutely. Probably a mitre twitter, a twitter handle is mit p. j are eight eight. Or my website is just a my name, my first name Michael or implemental. Dial my personal, Mitchell my last name.

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03:36 min | 1 year ago

Google Toughens Anti-Discrimination Rules for Advertisers

"These days where you live in word can be dramatically affected by the ads you see online. That's also true when it comes to whether you can get a loan or a credit card. That's because advertisers love to use targeted ads to reach their ideal customers in this way, a Burger Company, for instance can avoid wasting its add by showing cheeseburger images to a vegetarian fair enough. But when it comes to housing, for instance, landlords in housing developers can use algorithms to choose not to show ads to people based on their race, parental status and more, the American Civil Liberties Union calls it web lining a digital version of the term redlining. That's a widespread practice that denied homeownership to black people on the Internet, if you're not shown an ad for housing employment or that low interest car loan, you don't know what you're missing for. Instance, if a company serves up ads for high paying jobs, only the men and not to women, women lose those employment. In this way, targeted ads can cause serious harm. That's the conclusion. Google drew last week on Thursday. The company announced that it's cracking down on potential discrimination by toughening up. It's targeted ad rules. Specifically, the search giant will no longer allow advertisers in these three groups to target users based on their gender age, parental status, marital status or Zip Code in addition, it won't let advertisers exclude ads from being shown to people based on these demographics according to Ad Week. Google claims its announcement. Announcement was not a direct response to ongoing racial justice protests. Rather the company says it's been working on the policy changes with the US Department of Housing and urban development or Hud since last year Google has prohibited advertisers from targeting or excluding people based on their race, ethnicity, religion and sexual orientation. For years, the new rules simply add to those existing requirements Google said, but companies rarely make these kinds of sweeping policy changes without something else going on, and here's what it is. Last March Hud charged facebook with housing discrimination based on the way it had allowed advertisers to target facebook users at the time Hud Secretary Ben Carson said, using a computer to limit a person's housing. Choices can be just as discriminatory as slamming a door and someone space according to The Washington Post. The department, let it be known that it was stepping up scrutiny on Google and twitter for the same thing, but if Google facebook and other online at platforms already prohibited targeted advertising by race, ethnicity, religion and other identity categories. How could that be? For one thing zip codes can be used as proxies for race. The Post reported which is why Google forbidding the use of ZIP codes in ads for housing employment and credit is such a big deal. Last March facebook agreed to overhaul its policies according to Ad Week. The changes Google announced last week or similar to those facebook undertook. It'll take some months to fix its algorithms to reflect the new rules. The company says it will definitely make the updates by the end of the year to what extent updates to personalized ads will actually be reflected in people's lives, which houses they may now consider buying or which apartments they'll rent which jobs they'll be shown online well those real changes. Maybe, be hard to see. But online rules, both reflect the culture and shape, and so the hope is that by cracking down on discrimination, online or offline lives will improve.

Google Burger Company Facebook Us Department Of Housing American Civil Liberties Union HUD The Washington Post Ben Carson Secretary Twitter
New York Times writer says running op-ed puts black staff in danger

Glenn Beck

02:30 min | 1 year ago

New York Times writer says running op-ed puts black staff in danger

"New York times writer Kyle Buchanan tweeted running this op ed puts blacks at The New York Times staff in danger while actually used in afterward to but I can't pronounce it because it seems pretty intellectual when he uses it so what is the article we told you about it yesterday was it the article can my children be friends with white people no that was not racist or Mary Poppins and the nannies shameful flirting with black face which blasts fictional characters about blackface but it you know don't have a single word about Justin Trudeau's public blackface fetish it doesn't say in the Aug could be I shouldn't have to tell you this is racist a guide on discerning racist micro aggressions or social distancing is a privilege in which the author blames white people for the fact that covert nineteen is disproportionately fatal to blacks or the New York times op ed and the Oscar goes to white people or this one from the editorial board itself why does the U. S. military celebrate white supremacy which actually tries to argue that the military celebrates white supremacy or this one about British should prejudicial car loans new cars old racism wow this one racism is real and trump helps show it or maybe this one guns and racism about white supremacy in the gun lobby or this one Confederate flags and institutional racism with a new creative definition of racism let me quote Furthermore institutional racism doesn't require the enlisting of individual racists the machine does the discriminating it provides a remove a space between the unpleasant the unpleasantness of racial discrimination and indeed hatred and the ultimate undeniable and for some desirable outcome of structural oppression wow so which one was so dangerous and so Risi that they couldn't print that they had to apologize for get rid of one of their

Kyle Buchanan Mary Poppins Justin Trudeau New York Times Oscar Editorial Board Risi Writer
China Superchargers

Tesla Daily: Tesla News & Analysis

05:28 min | 1 year ago

China Superchargers

"We're here. Today would just have a few quick things to go through pretty quiet day for Tesla overall as Elon. Musk has decided to leave twitter for a little bit. Not necessarily bringing news to a screeching halt, but definitely having an impact. We talked late last week about Tesla, potentially seeking out some land for a possible factory or something else in the UK. Well today there have been some rumors floating around on twitter. That musk may have flown to London today. Wednesday June third I'm sure I could probably fact check that but I'm personally not really big into the whole flight tracking concept so I'll leave it at that just passing. Passing along some of the rumors on twitter for what it's worth did originate from an account that has blocked me I'm not sure if it is someone using the blacklist or something else, but take that for what it's worth x today we have electric reporting on some pretty major superchargers expansion plans for China. They say quote at their Shanghai office last week. The automaker announced its plan to deploy four thousand superchargers in the country in twenty twenty, alone and quote, and while I'm not sure where they got this information electric says that there are about twenty five hundred superchargers stalls currently in China supercharge dot. Info is where I like. Like to get my tracking information for superchargers, and they have the whole of Asia Pacific right now at just over four hundred super charging stations, and of course, each station has multiple stats. The for a super charger location worldwide is about nine superchargers per station I think over time that number would grow so if we assume ten charges per station with the support of four hundred new chargers, we could be looking at four hundred new locations in China or something in that ballpark. The super charger location build out in China historically has been pretty linear so I. Think with gigafactory Shanghai now ramping up. We're going to see that change, too. Too much more of an exponential type of growth, and I wouldn't be surprised to see the super charger numbers in Asia Pacific Exceed Europe within the next twelve months of course, hopefully, gigafactory Berlin means see similar exponential type of infrastructure build out in Europe as well, but China market is larger. Even Volkswagen sells more vehicles in Asia Pacific than in Europe, so at some point, those are likely to flip next. Today is an interesting news Ford dealerships specifically independent Cardio ships in the United States so non franchised dealerships CNBC has learned and confirmed with Wells Fargo Bank that Wells Fargo last month and I sent out to hundreds of independent dealerships. Them know that they were dropping them as customers, and they would no longer accept car loans coming in from those dealerships, a wells Fargo spokeswoman told CNBC that the bank had quote an obligation to review our business practices in light of the economic uncertainty presented by Covid, nineteen and have led the majority of our independent dealer. Customers know that we will suspend accepting applications from them and quote so the timeline, and how temporary the situation is a little bit unclear, but this may add in some cases a little bit more pressure to some of those dealerships now. How big of a deal is this really probably not? Not all that big. The Independent dealerships can likely find financing elsewhere, and as it relates to Tesla. This is about independent dealerships, so this is more of the used car environment versus new vehicles, and I think regardless of Tesla's disruption for new vehicle sales, and a little bit for US vehicles as well. I think dealerships for used vehicles are probably going to be around for quite a long time. Next is a quick update on space, X. if any of you have launched fever from the launch over this weekend, you'll have another opportunity to get your fix tonight if you're in the US on Wednesday June third. Third? At six twenty five PM Pacific Time Nine, twenty, five pm. Eastern time. This is another exciting mission for SPACEX. Because this is related to Starlink, this is the eighth launch of Starling satellites for operation so operational satellites four, hundred, twenty, one through four, hundred and eighty. June should be a big month for Starlink launches with three expected launches scheduled for the month about the crew dragon mission. There was a pretty interesting quote that was shared on the TMC forums by Astronaut Doug. Hurley was quote the thing that really stood out to both of us, and we mentioned it as soon as we talked is that? That, we didn't even feel the docking. It was just so smooth, and then we were docked and the shuttle. You felt a bit of a jolt. That really really surprised me and quote so obviously. The autonomous technology that spacex is using for docking at the International Space Station has a lot different than the autonomous technology that Tesla is using on earth, but nevertheless uninteresting and nice quote to read Leslie today I just want to give a few thoughts off the top of my head on the Nikola interview yesterday. Obviously some mixed reactions from that interview, but I appreciate those of you. That came to it with. With an open mind that interviews, not my time. That's Trevor's time to give us his take on the company. Then we can take that information and we can assess it for ourselves for me. It's about getting good information out. There were lucky. I think to have platforms to speak directly with CEO's of these companies and assess based on the things that they say rather than having everything be shrouded in mystery. So that's the whole goal I really appreciate Trevor taking the time to do that and answering my questions, it's not exactly the easiest environment to come into you, and it's not every see yo that is. Is Willing to do that so I really appreciate that in terms of Nikola as a business. I wish them all the best. My personal preference is Tesla an investment. I'm a really big fan of the vertical integration. That Tesla has I think that allows tesla to learn a lot and it rate very rapidly as you said in the past pace of innovation is the most important thing I believe that vertical integration helps with. That doesn't mean another model can't work. Nikola does the advantage of not having that legacy business waiting them down. That could allow them some room to operate so I. Think they'll be interesting. Interesting to follow, but personally not the investment for me, and that's okay again. This is all about open-mindedness, due diligence and sharing

Tesla China Twitter United States Asia Pacific Musk Nikola Wells Fargo Bank Trevor Spacex Europe Elon UK Shanghai Volkswagen TMC Gigafactory Shanghai London Starlink
How The Fed Fights Coronavirus

The Indicator from Planet Money

06:48 min | 1 year ago

How The Fed Fights Coronavirus

"The Federal Reserve the Fed Country Central Bank has been insanely busy trying to support the economy in the past month. But might not know that because the Fed hasn't really been in the headlines. The Way Congress has been so tan show. We're going to fill in the details. What the Fed has been up to here? We go so during normal times if the economy is growing too fast and there's too much inflation meaning prices are rising too fast. The Fed can raise interest rates to slow the economy down a bit and if the economy is really weak like right now the Fed can lower interest rates and give the economy a boost but the FED has already lowered interest rates to almost zero. So that means it. The Fed really just cannot do any more to help the economy right. It's ammunition. Yeah there's no more ammunition and I am certain. Stacey that Fed Chair Jerome Powell would agree with me when it comes to this lending. We're not going to run out of ammunition that doesn't happen okay never mind. That doesn't happen like bullets forever. That was that was chair Powell about a month ago on. Cbs Today Show and what he meant. Was that no matter how bad the economy suffers as it deals with krona virus the Fed can always increase. How much money. It is lending to the economy to support it. That money cannot be given away. It has to be in the form of lending but there is no limit on how much lending the. Fed can provide an in the time since that interview with chair pops only a month ago but since then the economy has been collapsing and the Fed has responded by setting up nine new lending programs these facilities to get money to different parts of the economy in partnership with the US Treasury Department and this has been a much bigger much faster response from the Fed then during the financial crisis of two thousand eight. It happened fast that happened in volume and it happened in partnership with the Treasury. It was pretty smooth much smoother than the last go around. This is torres a reporter at Bloomberg News who recently analyzed all this extraordinary new activity from the Fed and Craig's. You can think of the Fed's actions all of these lending programs as falling into three different buckets. Three buckets the reflect the three roles that the Fed is now playing in the economy. And I up. The Fed is now acting as the economy's lender of last resort this all that is actually familiar to central banks in crisis so simple way to understand lender of last resort is to imagine. You know there's like one bank in a small town. The bank has loaned money to businesses in the town but the economy is going bad so those companies might not be able to pay back that bank. Well the people in town here about it so they all rush at the same time to take their money out of the bank runs on the bank. Yeah but the bank does not have all their money precisely because it loaned some of that money out to the businesses which we're GONNA pay back later on in the future. The money's in your house in your house and yours so the panic gets worse because everyone wants to get their money out of the bank before it runs out until Craig says the central bank the Federal Reserve would show up. And just say. I'm going to loan loan loan to this bank as much money as they need until the panic stops nowadays things are obviously more complicated but this basic role of the. Fed as lender of last resort is pretty much the same. It's just that you know this little town bank has partly been replaced by different kinds of markets if for example instead of depositing your cash in the bank you can buy a short term. I owe you from a bank or from another kind of financial company where the company basically says. Hey let us borrow your money and we'll pay you back in a month and we'll pay you back with a little more interesting. You would have gotten from just bank deposit well about a month ago. Companies started having trouble selling these people did not want to buy them probably because they were worried that as the economy was tanking these companies would struggle to pay them back now. This is a problem because some companies rely on selling those I o us to pay for their daily operations including to pay people salaries. Yep So what the Fed did was it. Set up a facility to buy these. I owe us directly from the companies. These Iowa used by the way are just called commercial paper and this lending program from the Fed is a facility. Craig says that is providing emergency cash when there's something wrong with a market that won't give these companies short-term finance and once people saw that the Fed was actively buying this commercial paper these I owe us from companies. They stopped being nervous about buying it themselves. So companies were again able to sell their US and pay everybody salaries. Yeah I mean this is important. Also because some of these financial companies that sell the I. R. Themselves Providing Credit to people to get mortgages and car loans and these companies can continue doing that now. The Fed has at other similar facilities as lender of last resort and in all of them. The Fed is making sure that financial institutions can borrow in the short term so that they can lend money out to the economy in the long term with the Fed has done is to restore confidence in these markets. Yeah this partly explains by the way. Why the Fed is not in the headlines as much when it is doing its job. Successfully markets calmed down which just doesn't attract as much attention but it means that the Fed is doing its job yet. No news is good news right. Yeah that is one role. The Fed is playing lender of last resort. The second role Craig gives it a similar name investor of last resort but Craig says there are big actually really radical differences in these roles so in investor of last resort. There are two programs they are set up to buy longer term debt sold by big corporations and the fate is not restricting itself to just supporting the debt of the safest companies. It's also supporting the debt of some risky companies. Like ones that sell junk bonds for a guy who's been covering this institution for going on two decades. I have never seen anything like this. As investor of last resort the Fed is going beyond supporting short term lending markets to avoid panics. It is directly financing the longer term. Borrowing of corporations and this is pretty controversial. Partly because a lot of companies borrowed a ton of money in recent years and so the Fed might be kind of inadvertently signalling to these companies. That they can just keep borrowing money into the future like Willy Nilly because if the chips are down the Fed will help them out. If the economy goes bad they really have changed perceptions about risk mainly an told the markets that in moments of excessive economic

Federal Reserve Craig Country Central Bank Jerome Powell Congress Treasury United States Us Treasury Department CBS Willy Nilly Stacey Iowa Torres Reporter Bloomberg News
Nearly 1 in 4 millennials report having $100,000 or more in savings

Chris Hogan's Retire Inspired

05:35 min | 1 year ago

Nearly 1 in 4 millennials report having $100,000 or more in savings

"Is an article from Fox. Business and it is entitled one. Fourth of millennials have a hundred K. And the bank. A fourth of millennials have one hundred K. The bank now. Let's calm down here a little bit and realize it's a fourth okay. And so I'M NOT SAYING. All millennials But a fourth and buy in bank. What they're talking about is it saving for retirement Which is invested is the technical phrase that we would go with. But I like this. And it's got some interesting stats. The numbers are based on the Bank of America's twenty twenty better money habits millennial report and just so. We're clear because I if you're like me act can get confused when people start throwing out millennial Jax Gen Y. element of P. And all the rest of them. I mean there's it's confusing but get this according to this article a millennial can actually fall between ages. Twenty four and forty one. Oh that's probably surprising. Some of you. Yeah so a millennial A lot of times people think. Oh these are all very very young people And don't get me wrong. Forty one his young That's like spring chicken type young but for the sake of this study. That's what it is. So all that to say millennials are not necessarily so young anymore. The report found that millennials will beginning to save for retirement at age twenty four which is a good thing that means the message is getting out there. People are understanding they. GotTa get their own Cape. We're not waiting on the government to try to save the day We're doing stuff and I liked that. That means the message is moving. But get this. If millennials started saving at age twenty four which is around the time people get their first big boy big girl job. That's a good thing but Gen xers started saving it age thirty and get this baby boomers on average started saving eight thirty three so I like this trend. I like the fact that things are trending younger and people are making things happen but again. A quarter of millennials have about one hundred thousand save for retirement And I liked it. They're saving earlier than most other generations. I liked that. They are thinking ahead and they're thinking about their future And and and maybe they've heard me talk about and the trend out there that's been in the news. At Social Security is supposed to be insolvent by twenty thirty four twenty thirty five and so this is a situation where people are going to have to make sure that they're putting aside money for themselves to prepare for the future but it's not all good news. Millennials still have some money troubles according to this article. The survey showed that not including home loans. One in six millennials. Oh fifty thousand or more in debt. Oh okay that's not including home loan so you can go with me here in track where this would be. This is probably student loan. Debt this car loans and credit cards about seventy five percent. This one this one's stuck me about seventy. Five percent of millennials aren't confident about their money situation. Wow now that's hi. We're talking about almost eight out of ten aren't confident that means. They're not really understanding what it is that they're doing or or were there going. The trajectory that they're on millennials are though willing to sacrifice a staggering. Ninety percent of millennials said they will make a sacrifice in order to achieve their goals which is an excellent thing because it is necessary. You can't achieve a goal without being willing to make some sacrifices along the way these sacrifices could range from according to the survey Eating out less or not going on vacations or even being willing to work. That's good. Well here's my thing no matter of your age or your stage. I want you to be confident about your financial future. More importantly I want you to be rock solid in your plan. What's the processor working? Now if you're plugged into me and two things that we do here at Ramsey solutions you know that all begins with the baby steps a clear path for you to understand exactly what steps to take when to take it and how to get there. That's a game changer. It's a recipe for success. And I think when you have a plan and you have clear focus you can begin to have confidence. You can begin to move in the direction and you can know that. Hey this is the path that's GonNa lead me to where I wanna be and that's a positive thing so again. This article so interesting read From Fox business and the title of the articles afford the millennials have one hundred K. And the bank as always we'll put a link to this in the show notes That are watching on YouTube You can just click the link below. It's GonNa get you right over there. Take a read. I think it's really important for us to kind of continue to read. But more importantly let's share this information Share it with ranch. Talk about this. I think money is a thing that we all have to deal with and how effective we are with it really determines our results so I want us to begin to have these conversations and by all means do me a favor if you've got some young people in your life whether you go to church with them there in your neighborhood begin to talk with them about money. I'm amazed a lot of people. Assume that young people learn about it at home? And that's not the case. That's why we have a lot of young people walking around on college campuses signing up and doing things because they didn't know any better or they thought it was a grown-up thing to do. So let's share this information and I think you can help young people to prevent making some of the mistakes that maybe we all made in the past.

Bank Of America FOX Cape Youtube Ramsey Solutions
Nicole Lapin's Super Woman Approach to Personal Finance

Talking Points

08:34 min | 1 year ago

Nicole Lapin's Super Woman Approach to Personal Finance

"We have one of my awesome friends in an all around Rockstar. She's the author of a number of bestselling books including Bostitch and rich coal lap. And thank you so much for joining us today. Thank you Brian. I feel like you should do the male versions of these books. What do you think would they be called points bitch which would be great or rich dude rich but I get so much cooler? Like rich bitch is fun but I feel like it would be kind of like people. Look down on me right. Nobody could ever looked out on. You know I think you know you and I don't even other side hustle or another project but if we did. I think you could do that. Let's talk about you. I mean you have been the youngest anchor on CNN and so you went from knowing nothing about finance growing up. You are first generation. American money was not a topic in your household and now look at you with these bestselling books. How did how did you go from zero to one hundred? Oh my gosh I would have said like bonds had to do with bond girl growing up. I knew nothing. I mean. We don't learn in school. It's bananas like if you and I are in charge with world I think we say instead of or in addition to the Thiam Theorem are all this nonsense dissecting a frog you need to learn how to budget how to do taxes how to do a business plan what the heck a credit score is all that stuff and today. I don't have kids but I mean I know my friends. Kids are studying mandarin and traveling. I have to think today in. Today's curriculums are teaching. This are they not. They're not and I think that personal finance. It's such a disservice even like what am I doing? Going to speak at business schools. Even my friends who had gone to business schools. They asked me like the most basic personal finance questions. One of them said I have money because I have checks. I'm like Oh my God. I'm so scared for society right now and I'm the least likely person she knew any of this stuff but I realized that money is just the language like anything else. We just don't have over a stone for that language growing up and I got a job when I was eighteen because I grew up in a super broken home needed to start working really early on my father died of an overdose when I was eleven and I just started in school when I was fifteen on the air at small markets and I needed just a J. O. B. leg. I didn't have the luxury of doing what I love like a lot of entrepreneurial experts like. I just had to figure out how to love what I did because I needed to make money and I was offered a job on the floor of the Chicago Merck. At the time I wanted a job in like big market Milwaukee from the small broadcasting. No I went to northwestern and they asked me if I knew anything about business news and I just said absolutely I love business news and I totally lied and totally faked it till I made it and I knew nothing about it and I was thrown on the floor of the exchanges in Chicago and I just went to the school of hard knocks and just learned it. It sounded like Chinese because it really is a language like once you can the language of money. I actually rewrote financial dictionaries in the back of my books in real English like short not the opposite of tall. It's the opposite of long means. Something's going in the pooper league. It's not serious. Equity is a fancy word for stock like a know. It sounds really right but once you learn it and once you know at this complicated so you're known for your twelve step guides someone listening right now who's their houses and so much in order like bring us through like where do you start? All of my books are twelve. Step plans because the first step is admitting you have a problem and we'll have problems when I started working in business news. I felt like total impostor because I got myself in debt I got myself in five thousand dollars of credit card debt. And as like an immigrant's daughter I was still trying to keep cash under my seeing. Because that's what we did but at the same time. Like I was accumulating interest and he didn't know how compounding interest worked all of that stuff so I just got myself out of it the hard way and I broke it down into steps. And that's what really helped me. So five thousand dollars was twenty five hundred dollars a year and then I wrote it down by the month. A broken down by the day was seven dollars a day and to that felt more manageable than like an overwhelming five thousand dollars and so I think generally when we were talking about finances. When you're talking about business it feels so overwhelming unless you break it down into twelve stabs and within those steps like break it down into actionable steps that you can take so when you say that because in college I got my first credit card was the University of Pittsburgh Elia Card. I think they gave me an umbrella. Or A T. shirt as my sign up bonus time Clean Crowley God book to Spring Break to Ireland. I was making no money so clearly. Like a five hundred dollar balance was all of a sudden a thousand. After after college. When I moved to New York City I like it was quicksand. I couldn't pay rent. I mean then I had a bill from college A rise in bill that was sent to collections and they were going to garnish my wages. Like I was hot mess so it is kind of funny. Now when I'm like you know advising people on credit cards but I do think that actually going through the hell of debt and knowing the negative sides I think makes us better people to say look you have to be a credit card debt and I think that's what I always tried to make clear would like points. Yes credit cards can provide amazing value. But if you're not paying the interest and getting totally underwater with interest I always say that debt is the only four letter word. I don't like I mean bad debt. Right that's right. I know there's like good. Debt and bad debt. Avocados is good fat. So other advice like that you give to people who are just trying to get it together getting that debt monkey off your back is one of the chapters or one of the steps in rich bitch and I talk about how you should also prioritise to pulverize. So I think a lot of folks think that all data is created equal. And so when you see bill and you have one hundred bucks and you got a magical bill for a hundred bucks. You're like alcohol. Just got rid of that because feels really Cathartic. I'm done with this bill. The not the best thing to do. Because you should start with your credit card debt. I than if you have a car. Loan of course tackle that you don't WanNa panted appreciating asset And then if you have a mortgage and then finally our student which is considered good debt. Because they can take away your car they can take away. Your House. They can't take away your brain So I know you just got back from volume of course is the travel podcast. We'RE GONNA start talking travel. But how do you budget for travel like is it a line item is it a non-negotiable especially millennials and Jesse? Everything's about experience like how should be people thinking about budgeting for travel and trips so I think of a budget as a spending plan in the same way as you would think of a sustainable Eating plan as something that you can take two instead of like a crash diet so allowing yourself the equivalent of Hershey's kiss so you don't end up in the middle of the night and all she on a Bagel hunk of chocolate cake because you're so hungry and deprived we've all been there and so when people say cut out your morning law like I just want to Bash my head against the wall because it's such a nice nice bankrupted by their Makotot's like let me liew. I work really hard. I want some avocado toast and a Soy. Latte or whatever milk law but I think if you break it down into I love letter. Ration- The threes so essentials and game an extras Su. Seventy percent of your overall spending plan. Go to the essential so your food or transportation and your housing everything you need to live on every single day then fifteen percent should go to the end game so the future Brian. Your investments retirement all of that and then fifteen percents should go to the extras. Like you have to allow yourself for extras whether it's travel whether it's the law tae whether it's the many petty whether it's like avocado toast for everybody. Whatever does it for you like. Allow yourself fun. Otherwise we're going to bench later on because people will say to me in the beginning the early in the morning doing so great and then four months later about the Gucci Prada by the. Hello captain obvious. Just got a lot every day. You keep yourself motivated. Have that small indulgence. Binge later on. So that's what I do with travel and then I also like name my sub savings

Brian Bostitch CNN University Of Pittsburgh Elia Chicago Milwaukee Thiam Theorem Pooper League Chicago Merck New York City Ireland Hershey Jesse
Powell: Semiannual Monetary Policy Report to the Congress

Marketplace with Kai Ryssdal

02:17 min | 1 year ago

Powell: Semiannual Monetary Policy Report to the Congress

"Jay Powell went up to Capitol Hill today. The Fed chair here did his twice yearly congressional briefing lawmakers technically in case you're curious called the monetary policy report the T. l.. Dr Goes like this economy is basically fine. Yeah he's bit word. About Corona virus. Trade has settled somewhat buddies keeping an eye on it. Interest rates aren't going anywhere but then at one point in his report Powell. Well he wrote this and this is a quote levels of business debt continued to be elevated with the riskiest firms accounting for most most of the increase in debt in recent years. Now the reason. That's a worry. Well 'cause when not if but when things go economically south that debt it is going to be harder to pay back and that is not a good thing marketplace's Mitchell Hartman gets us going. Interest rates are low right now by historic standards. It doesn't cost Salaam to borrow money. Chris Zeffirelli at independent advisor. Alliance says it's true for a family buying a house you have a higher credit score and you're unable able to lower mortgage rates are lower car loans whereas if you were considered more of a risky borrower you'd have to pay higher interest rates. The same thing is true for corporations. And it's it's the high risk corporate bonds that are on the rise. This isn't the Amazon Google Nike facebooks of the world with plenty of cash on hand. Zeffirelli says it's companies that are very capital intensive in terms of having property plant equipment so industrial companies energy companies especially those exposed to risks six lake drilling for oil or buying land. Some pension and mutual funds are looking to hire risk bonds because returns aren't high enough on safer. INVESTMENTS INVESTMENTS SAYS University of Portland Finance Professor Bryan Adams. They need to earn five six seven percent to be able to do that. They gotta find riskier debt. Now now this rise in low grade corporate debt could be dangerous if companies start to see sales fall and cash flow decline says Mark Zandi at Moody's John Olympics. Do they pay on their debt. Start to pull back on their hiring vestment that were exacerbate the economic downturn similar to how risky mortgage debt contributed attributed to the financial crisis a decade ago. I'm Mitchell Hartman for

Mitchell Hartman Jay Powell Chris Zeffirelli FED Salaam Mark Zandi Bryan Adams University Of Portland John Olympics Advisor Nike
Elizabeth Warren confronted by angry dad over student loan forgiveness plan

Bruce St. James and Pamela Hughes

07:43 min | 2 years ago

Elizabeth Warren confronted by angry dad over student loan forgiveness plan

"Senator Elizabeth Warren was spending time in Iowa were recently in Grimes Iowa I've been to crimes I say we're all familiar with but you actually are I'm sorry you can hit a golf ball cost crimes so she's in nine of the handshake line think I think the console free market actually do right uhhuh and a guy is always a guy comes up and confronts her yeah and we want to play you the the confrontation because I think that this guy represents so many people listening right now I know represents me the audio is really distorted and it's kind of hard to make out it's because some so whoever was recording it wasn't standing there were they were talking in there's a pop up in the room so when I go play for you because not to be able to make out what they're saying anyway so I in today's episode we're going to have Bruce Saint James play the role love angry dad and hi Pamela Hughes will play the role of Pocahontas I'm sorry off site off site all right so you see real lines are yes I see rifles okay you you pick up okay is there the selfie line I agree college dad steps up to senator Warren Allen says this Gober's my daughter is in school I saved all my money just to pay student loans can I have my money back of course not so you're going to pay for people who didn't save any money and those of us to do the right thing get screwed my body had fun bought a car went on vacation I saved by money he made more money than I did I worked a double shift working to get extra money yeah you're laughing at me no I'm not I am but I do appreciate your time that was the exchange that's how it went down how did I do and seeing that we're gonna get you know it but the joker but how many P. pull how many people can can put themselves in that situation whether they've paid for their daughter's college tuition or are saving for right now like my husband I are or pay for it themselves like I did and my husband did we took out loans knowing what that meant and that we had to pay them back and so we did and that was one of the happiest days of my life when I was able to send in that final payment on my my college tuition his college tuition ridiculous now yeah absolutely it is but the V. the way to fix that is not by going three college for all because that's in essence what senator Elizabeth Warren wants to do her student debt plan would cap debt relief I fifty grand and it applies only to families making less than two hundred and fifty thousand dollars a year and she thinks that she could do this without even congressional approval this is scaring she wants to do this her first day in office and says you're super scary to me here here's the reality of this that it comes across to some people my guess is again people without large student debt is unfair yeah as well I have large student and this is still on fire because actually paid mine well okay so play along with me here what about mortgages what about car loans what about credit card debt like you why are the decisions you made to take out loans to incur debt for what ever reason somehow god going to be forgiven by the government what other people who didn't go down that path our they just missed out soccer but but on the yeah that's what you kind of feel like I'm gonna buy an RV on the flip side though you know mortgages and well what other did you use car loans and credit cards this call be wiped out bankruptcy student loans canine but it is super rare that they ever all are because you're gaining knowledge you're not gaining something tangible as in like something that they can we can we know we can't resell them in your so I think that there's a bit of a different argument there but one of the reasons why or several of the reasons why I'm against free college for all I'm a firm believer in having skin in the game if you earn something if you work for something you are more likely to to work hard at it if you're just given it they don't feel like you appreciate it as much the other thing I don't I don't know you I think there's something to be said for that he the people who took a summer job the people would save their money to go to college I I feel like they're a hell of a lot more invested in the outcome what do you think about it this way you turn sixteen and you've been saving money baby sitting or taking tickets at the movie theater or whatever it may be and I you're a you you managed by hoop Dee right and and you're so proud of this ride because you worked so hard to get it verses the kid down the street that mom and dad just gave them a car now I think you both have different pride and there are and that's kind of how I see this but when you're talking about like free college for all we're gonna have a student loan defaults are going to increase you're going to have completion rates decrease because this I don't you out you have a I was at a issue if the class gets really hard or if you haven't done the work groups what what do you do what you can withdraw at a certain point but when you go to take that test again have to pay for it right so what's the big right so now let's kind of go free college for all who cares take it again thank you again times take it again and then like let's not also forget how how are a lot of colleges paid for like where to get a lot of their funding from a issue you have a and a U. federal federal got a guaranteed loans from the federal government they also get a lot of it from the state yeah and Arizona has cut those funds routinely but that comes from our property taxes right so you are going to have your property taxes go up in order to help pay especially since the student loans are going to default because there might be some people going to college it really shouldn't be there I'm I'm but I'm really for some of you screaming on the radio and I enjoy that part but I I do want to acknowledge something there are people out there with horrendous amounts of student loan debt yeah okay arm and part of it is driven by part of it is driven by the fact that colleges and universities have jacked the price of an education after the root for and the reason they've done that is this becomes a chicken and egg argument because they know you'll pay it yeah and when they know you'll pay up they raise the price and when they raise the price you pay it I've always said the only thing that's going to change it is when people stop attending because AS you and you have a will lower the price when there's three people sitting in the classroom and until that point if you're willing to pay anything then yeah guess what the cost is how much you got yeah I just think that what you're also doing is setting a very dangerous precedent people are seeing this right now this conversation about free college tuition for both but I think there was there at that non not like you know what I'll take out the loans because you know what four five six years from now the government's going to forget

Senator Elizabeth Warren Iowa Golf
"car loans" Discussed on KOMO

KOMO

01:57 min | 3 years ago

"car loans" Discussed on KOMO

"FM ninety seven seven keeping an eye on these stories with Taylor van Cise at the editor's desk. I'm Tom hutler. Now that a US jury has convicted Joaquin El Chapo Guzman of drug trafficking. He's expected to be sentenced to life in prison has a notorious drug kingpin with an unparalleled record of jailbreaks. Experts say his likely destination is the federal government's supermax prison in Colorado. President Trump says he and his aides we'll be looking for land mines when they review the final text of a border security agreement to deal with keep the government open, but provide just a fraction of the money. He's been demanding for his border wall asked by reporters, whether he planned to back to deal Trump said today, he would be taking a very serious, look, but declined to tip his hand on whether or not he would sign it. It's eleven forty six. Now, do you have a car loan? Have you ever missed a payment new information for the Federal Reserve shows that seven million Americans are at least three months behind other car payments? What does that tell us about the economy as a whole? For that. We're joined on the KOMO news line by Washington Post economics correspondent Heather law. Hello, heather. Hi, how out of the ordinary is a seven million number that seems pretty staggering. It is it's a record number and it's particularly red flag because we have such low in unemployment rate now and wages are rising. And so in this kind of astronomy, you would expect that most people would be able to pay their bills, and the fact that seven million people are basically on the verge or getting in the process of getting their car. Repossessed is a little bit of a head scratcher. Yeah. I mean, we're not talking about a missed payment by a couple of days, we're talking about three months of accumulated, miss payments. And that indicates obviously a shortage of cash by the person who has the car loan. How does this compare to the numbers during the great recession? Yeah. That's a really good question. It's actually over a million more people, then we're in this situation in the wake of the great recession unemployment peaked in twenty ten and in two thousand ten there were five point eight million Americans who. Who are in the situation. Now, there has been huge growth in car sales and an auto.

President Trump Joaquin El Chapo Guzman editor Taylor van Cise Federal Reserve Tom hutler KOMO Colorado Washington Post Heather law jailbreaks three months
"car loans" Discussed on 860AM The Answer

860AM The Answer

07:51 min | 3 years ago

"car loans" Discussed on 860AM The Answer

"Applied for a utility or a cellphone of times, they're checking your scores and you'll see who's palling and sometimes you'll find somebody that shouldn't have pulled your credit, and that's good to know as well. I don't know if that got in the wrong hands. So monitoring your credit is certainly important because I could see that some card that I thought was at a zero balance maybe is at a fifty thousand dollar balance, and that would be a little frightening. Finding that out sooner rather than later is important because then you can call you credit card company and get that rectified, of course. But you know monitoring there's lots of important things to look out for. But where do you go to monitor it a lot of people? Go to the credit karma is of the world. I'm not gonna speak bad about them. I actually think they're a decent service. You know, you can you can go to these places. You can look at not only your report, but you can get your score where the annual credit report, you're not gonna get your score youth pay extra for that. Of course. So you can see your score, and that's really helpful. Because obviously scores are important to the higher the score. The better your credit score, of course, races higher better lowered not as good. It's usually you're somewhere and depends on what kind of report you're being is being poor. But somewhere around the three hundred the low end similar around eight hundreds is the high end. And so, obviously, if you're in the eight hundred year looking like, an a plus students in the seven hundred seats, and yeah, you're gonna get the best that you possibly can when they're looking at credit alone with mortgages and Car Loans and whatnot. And then obviously seven hundred stats a decent score. You know, obviously, the higher the better and then six hundred and that's about average these days. Okay. So it used to be, you know, if you're above about six eighty out, you know, you're probably a really now pushed up a little bit higher requirements. So being in the mid seven hundreds is still what we call a paper. You know, what kind of a student but higher score the better. And so, you know, when you pull these these credit scores from the credit karma is of the world and your credit card statement, we call them fake. Oh scores and not FICO scores. Okay. So well, so it's a score. So you can see it. And it follows the same pattern as a bike. Oh score. And then even sometimes they'll say it's FICO score. But just be aware. And I don't know why probably because they just want to make this very complicated, but every different type of debt. So for instance, a mortgage has it's awful that when we pull our report it goes off of the mortgage model the way that they do the algorithm and the assess the scores are going to be different than if you walked into a car dealership and got your credit pulled. They're they're going to have. A car dealer? Really there's a score for scar loans mortgages or credit, and they're all going to be a little bit different. And they all have slightly different score ranges to a car score range. I think goes up maybe even to the nine hundreds so be aware of that as well. So the credit karma as they have a slightly different model as well. And you know, I this is my own thought, but they are in the business of selling you adds to the higher the score. The better a lot of times, it seems as though when somebody comes into our office and says, oh, I just checked my credit karma. It's a blank usually mentally deduct about twenty points because it's usually a little bit lower. And again, a mortgage is the biggest and most expensive thing. So they're going to be the most stringent when they pull your credit, of course. Okay. So it's kind of like a scale that's purposely off it makes you look like you lost. Yeah. House get this contorted MIR's. But it is a good tool in the way that I always describe this to clients is certainly use credit karma because you can you can monitor your what's going on mean. I mean or the ones that are like capital on I got a card their free score a couple of different. I think it'll make cards have have that ability where you of see it for free, right? Yeah. There's credit karma. There's credit sesame. I think I think mint if you use that has their own I think a lot of the personal budget as well. Most big credit card companies are now putting that out as added benefit again. We're we're you listen to wealth, greater radio their financial or taco drew Frampton from to mortgage. So so then what else should we know about the FICO scores. Yeah. The fake ones. Yeah. Not the super accurate one ones that at least they're giving you some there's still place for fake. Oh score. I thought it that way at least telling you generally your history or so, right? I guess they would show something if something spiked they'll show your inquiries. Yeah. If there was some nasty thing that hit. Yeah. If you missed a payment didn't realize you had the thing that always happens is like saying earlier, you put a credit card in the drawer, you never use it and the annual fee to and then you forget. One thing. I always talk with credit cards. Always have always always always just set up that minimum payment automatically auto. Yeah. Because if you do the auto minimum payment, you're on vacation, you forgot to turn it on or something. I mean. Yeah, you'll pay interest. But who cares? At least you're getting dinged on your credit, your fees, the cost of that. It's to be a lot higher. Yeah. So that's one of the things you want to make sure at least have that that minimum part done that way. At least you're never going to have a late payment. Yeah. Protect yourself. Yeah. Yeah. There's late payments. It could be a ten dollar Macy's card, and if you're late on that it's going to count as if it was a hundred thousand dollar credit card late on it does not matter if it was a dollar or one hundred thousand one hundred million if you're late you're late. That's all they care about. Right. So having just a simple auto pay. Yeah. The other things I know we've said before we've covered this had a longer tenure. So don't cancel some of those cards where they've got you know, if you're using it a whole bunch, but you have to use much is that right? You still want to have that tenure on there? Yeah. The longer your your average counter open the better. So if you have a longer history that means that you've been better longer. And that's better than the guy who is recently got his so don't just that's why you have some in a drawer. You're saying it's because somebody should cancel a couple of too many. That's an issue. But also if you had done a bunch of stuff, and then you hadn't used it for say six months, if you decided to close it out it goes away. Yeah. So that's why you want to have that. So any other big things that we should know about credit? Just one thing that I would say is if you are using your credit card statement for your credit score is that's great think of it almost like a theme and not necessarily the actual truth. So if you watch your trend, and let's say you were you're working on your credit in the high sixes, and you see increase than any place, you go it's going to be increasing as well. Whether you're getting a car credit poll or more these crediple you'll see that trend is well, it just may not be number for number. Right. So so they don't trust the number one hundred percent, but good indicator. It gives you a rough ballpark, and so just be paying attention that also I was warned people watch Africa. Yes. I am working with somebody right now. The cosign for their daughter's college stuff. Yeah. She wants to pay it back. But she didn't finish doesn't have a good job. Right. And the reality is. Yeah. It's your your obligated, and especially student on you can bankruptcy out of those or anything like that. So. Yeah. So that's one where you could also have your credit dropped down. And you didn't technically do anything. You thought you were being nice, and yeah, it her she's pretty bad. So so somebody wants to get find out how they qualify for a mortgage or should they refinance? Or should they get rid of that home equity line? That's variable rate in lump it in with their fix. What's what's the best way for them to get all you give us a call? Our.

Macy Frampton MIR Africa hundred thousand dollar fifty thousand dollar one hundred percent eight hundred year six months ten dollar
"car loans" Discussed on KSFO-AM

KSFO-AM

03:04 min | 3 years ago

"car loans" Discussed on KSFO-AM

"Sorry. We have one car loan zero interest twenty four grant my question. How do we minimize or reduce the impact on our taxes? What would be the best strategy moving forward? I'm thinking too. So one home pay off the other rollover my four fifty seven and my wife's to a Roth IRA to minimize taxes. Long-term? Thank you. Sincerely, gill. Is a great question. Okay. Our? Let's see. All right. So you probably don't have any other IRA accounts, which is good. So what you could do is after you retired. I wouldn't necessarily do that today because I think you're going to drop down in your tax bracket. Let's think about this year, you'll have your thirty seven thousand forty seven fifty five fifty I might do this. When I retire when she retires. We'll see. So what you could do is when your income is lower when you're both retired. And it's not going to be zero because you're going to have this period of time. I think where you're still making a lot of money. But I think you're in the twenty four percent tax bracket when that happens. And then you could convert some portion of your retirement accounts. And what you wanna do is you want to convert that into a Roth a little bit at a time keeping within your tax bracket of twenty four percent. Remember that twenty four percent goes up to about three hundred fifteen thousand a little more for this year two thousand nineteen. But if you do that. Now, you're going to pay the tax with the money. You have in cash, and you will have a Roth IRA and no required. Minimum. Distributions which is big in terms of selling the home. I wouldn't sell the home and pay off the mortgage. Actually, I might sell the home, and maybe I would use those those dollars to kind of keep your liquidity up. You didn't mention exactly how much the rate is on your of interest. But I'm not so I wouldn't be necessarily so fast to pay off the mortgage. If you're real number one goal is to minimize your tax hit. Then that is about converting your I your your retirement money into Roth retirement money and to do. So you're going to need some cash on hand. So maybe you'll be able to do it because it looks as you said you have plenty of money. But I think that you should be very careful about doing this. It takes a little bit of maneuvering. You may wanna talk to a tax planner or an accountant or a financial planner the easiest way to think about it is look at your income. See one it drops down pull up those income tax brackets for twenty nineteen and twenty twenty you can look at them, and you can ballpark how much money you can convert without blowing up into another tax bracket. I think that that's where you wanna go. Again, don't be so fast to pay that mortgage. It may not be worth it for you. All right. Okay..

accountant twenty four percent