35 Burst results for "Eight Thousand Dollars"

How Much Does a Wedding Actually Cost?

Money Rehab with Nicole Lapin

02:02 min | 1 year ago

How Much Does a Wedding Actually Cost?

"Experts project that twenty twenty one wedding costs will rebound what they were in two thousand nineteen if not higher so let's take a look at the twenty nineteen numbers. According to wedding wire the average cost of a wedding reception per couple was around. Twenty eight thousand dollars. Although i'd venture to say it was probably a little higher. Because according to the not here are the average costs involved with a wedding reception. Buckle up because it's a long one ten thousand five hundred dollars for a reception. Venue two thousand four hundred dollars for a photographer. Eighteen hundred dollars for a video for two thousand dollars for florist sixteen hundred dollars for a wedding dress. Three thousand seven hundred dollars for a wedding band twelve hundred dollars for a reception. Dj seventy dollars per person for catering and the average wedding in two thousand nineteen had one hundred and thirty one guests. I guess it's an odd number because of all the singles who want to go home or at least go to bed with a new plus one and that brings the total cost of food to nine thousand one hundred and seventy dollars. The rehearsal dinner costs on average eighteen. Hundred dollars five hundred ninety dollars for the invitations. One hundred dollars for the hairstylist hundred bucks for the makeup artist. Four hundred bucks for the party favors and last but certainly not least five hundred dollars for the cake that is a total of thirty five thousand nine hundred and seventy dollars to put that into perspective that the lot more than the down payment on one hundred and seventy five thousand dollar house or tuition for a year and a half at florida state university. It's a huge chunk of change. And again i would still argue that. Those estimates are probably low. I mean shout out to the bride. Who's spending one hundred ten bucks on a hairstylist. But if you're living in la you're probably spending five times that amount which brings me to an important point of course. These averages vary widely depending on factors like location. What time of year and even what day of the week it is. You're tying the

Florida State University LA
"eight thousand dollars" Discussed on The News & Why It Matters

The News & Why It Matters

04:56 min | 1 year ago

"eight thousand dollars" Discussed on The News & Why It Matters

"Chandler earlier you made a reference to the heart issue that keeps coming up in young men regarding this vaccination but i imagine now i know he consulted the cdc okay. Who is we know. Just completely did everything right during this pandemic wink. Wink youtube But he consulted the cdc that children who are terminally ill who have all of these compromises on their body. I can't imagine that taking an experimental vaccine would be something that would be a stellar decision for them. It's something that gets me really emotional that these children who have been have received the ultimate curse upon their life whether it be terminal illnesses that basically wipe out their immune system. they're already susceptible. What do you think an experimental injectable do to them. We've seen with this drug. Especially i believe the new ones they re re write your immune system. Does they rewrite your ability to fight off other diseases. It is not a good thing to be giving this dose to children who are already near the end of their very short lives. And so it honestly coney thing and the funny thing. Mr stephen davis or whatever his name was president of the make a wish foundation He said that he consulted the cdc personally about this. Meanwhile the cdc has released guidelines in the last twenty four forty eight hours that states. They are aware and understand that. This drug does indeed mess with your heart's ability to keep you alive in flames. Your heart it gives you myocarditis. I believe that's the that's the medical term for what it does. It is really bad for these young people. So imagine being so out of that so much so that you're terminally ill you have to reach to the make a wish foundation you like i wanna i wanna meet tony stark. Going amita robert downey junior. They'd say sorry kid you gotta take this job. He like okay. I'll take the jab and then you might just die before you actually get the chance because of what happens to your heart. That's just an experimental situation. That's just an idea that's simulation of what could possibly happen if they're going to force kids to do this and not just not just themselves but their parents and their brothers and sisters to your brother who's watched stuff with this all your life and has been there by your side holding your hand as you make the painful march. He has to get the job to and his life has to be put in danger. Just like yours is because of this foundation. That doesn't actually care about you. I mean chat. it's horrific horrific. This is a this is beyond a cult. So i had to jump on the phone right. There had to look. I wanted to look up. Some information on record. Davis i think is the. Ceo's name at six hundred eight thousand dollars. Six hundred eight thousand dollars was his ceo. Compensation package last year for make a wish foundation corporate charity folks just remember corporate charity the average executive income there is roughly three hundred thousand dollars. this is what you're funding. This is the thing that's going on now. make a wish foundation they they've got a good rating. If you look charities you can see where the ratings are you could see how many cents on the dollar goes to the actual charity case. They keep a pretty good rating but again corporate charity. There's a lot of places out there where you can do a lot of good for a lot of folks out there whether they have regards of what's going on. There's a lot of children out there with terminal illness those children's hospitals and dealt with kids with cancer. And you know i. It's it's heart wrenching heartbreaking and this this organization promise a wish to a kid and then this is what you're going to subject them to this is. This'll heartbreaking deal. It's funny that you said. His name is richard. Davis has stephen a minute ago. But richard He's getting paid you six hundred thousand dollars. Eight thousand six hundred and anthony. Fauci was the highest paid government official of two thousand twenty and yet. We're seeing it as emails. He knowingly lied to the american people time and time again. It's pretty obvious that these people we pay so much money whether it be through donations or taxes that go into their salary are doing the exact opposite of serving the american people. They are doing a disservice to the american people that are doing a disservice to those terminally ill terminally ill children. And honestly they're doing a great service to themselves because they're getting paid so much money to do absolutely nothing but lie all right we gotta take a break but first we want to thank our sponsor taser so I don't know if you guys have noticed. But the second amendment is under attack in a lot of different states so this message is especially for if those of you who are living in a state where they make it nearly impossible to be able to protect yourself all right you gotta check out because it is available without a permit in most states They have self production devices that are small and lightweight enough to carry with you. Put it in your purse. You put it in your glove compartment. Whatever the case may be but it is. They are powerful. All right they can incapacitate an attacker They're very easy to use. They use an electrical charge to immobilize talkers for up to thirty seconds. So you can get yourself away. Get emergency dispatch to your. Gps location more than two hundred. Thirty seven thousand lives have been saved with the taser network of devices again for those of you.

stephen davis richard youtube six hundred thousand dollars Chandler two thousand Fauci more than two hundred Davis three hundred thousand dollars amita robert downey last year Thirty seven thousand lives tony stark Eight thousand Six hundred eight thousand dol Ceo six hundred eight thousand dol first second amendment
"eight thousand dollars" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

02:12 min | 1 year ago

"eight thousand dollars" Discussed on The Dave Ramsey Show

"Or i can go either. Somebody's got do trump. Here wow good for you well. We're so we've got folks don't know we've got about nine hundred ninety. Six people aren't team right now. And of those roughly half our technology. They are Developers and systems engineers software engineers architecture folks and ruby on rails and all the different things that You folks through that. I have no idea what it is but So you're enjoying this technology team. It's it's fantastic. Cool good stuff. We're very proud of you guys. We're not gonna ask your income because we never do that with team members. That's not fair because we've got half the company standing out here to wash your debt free scream so we're not gonna put you on the spot in that way but everybody's down here is proud of you. We're proud of you honor to have you on our team sir. We appreciate you being a systems engineer with us and Appreciate you kelly Those are cool t shirts. I like them a lot so very very cool. Well done all right. It is mike boorda and his wife. Kelly he's a systems engineer here on ramsey solutions. Two hundred and forty eight thousand dollars paid off in fifty five months water journey. What a story count it down. Let's hear a debt free scream. Three two one and the crowd goes wild. I love it love it quite ago. You guys fabulous so proud of you. This is the ramsey show. Ken coleman ramsey personality is my co host. Today i am dave ramsey your host. This is the ramsey show. You've heard us talking about timeshares for years lately. I've.

Kelly Ken coleman mike boorda fifty five months kelly Six people Two hundred and forty eight th Three dave ramsey trump Today two about nine hundred ninety one ramsey company technology half
"eight thousand dollars" Discussed on The Gerry Callahan Podcast

The Gerry Callahan Podcast

06:21 min | 1 year ago

"eight thousand dollars" Discussed on The Gerry Callahan Podcast

"I this is how it works. The new york post has laptop New york post editor columnist. Miranda devine has a book coming out called the laptop from hell. I said this whenever months ago the it'll be much much better read and it'll be a better seller than hunter biden's book as much as you know the publishers and the media will try to suppress ignore maranda. Devine's book i can tell you right now. After reading this segment of this excerpt it is a much better read and it's much more accurate and true because she's getting it right from the laptop somehow. She's getting the laptop info in increments. Which is okay. Because i don't think we can handle seeing it all at once but the new york post today you can read it. I think yeah. I retweeted this story. She has an. I think is an excerpt from the book that mentions the book at the end and she has a story about one wild night in la With hunter and a hooker prostitute What is Can you get her name. She's got a like a looker. Name like i'll. I'll look for but i'll actually i think it's more than one i think he's. She spends a few days with this with hunter. At the what do you call. That hotel is the place. Belushi died and all kinds of wild stories to chaumont sorry. It's yana to yana. Yana is the lady the evening of the escort that spends a few days with hunter derived. I think he's just that sean sharma want chateau mont chateau mont. I'm sorry chateau marmot of which by the way he's been banned. He's been banned. It's like this wild place that the people like hunt like a rock and roll ba- led zeppelin destroyed the place. One time he got banned. Belushi shot up speed balls and and wrote a motorcycle down the hallway In all kinds of these stories and hunter has been hand from their. he's so he's so Insane and probably doesn't pay bill. Let me find some details on this. A what's her name again. The the yana. She's a twenty four year old russian native from emerald fantasy girls emerald to see girls get the number for you guys to she she So she she he's after all his doing blown Whatever smoking crack and drinking and everything else he did. He has to pay her and he gives her credit card. It doesn't work. She says and then he gives her another one another one It says they drank vodka. Had sex made porn. That's his biggest problem. He has by the way is videotaping and photographing everything he does. And the highlight in this story in the story in this story or in this week with. Yana is that he has a skill. Now i often. Will you know you'll like this isn't like a slow day. You're with your friends or you with some people you do know that will say. What's your most useless skill. what can you do well. It's absolutely worthless but you're you're kinda proud of it. I can spend things on my finger. I could show you like any any balls or okay. Not bad no round things. Allegheny any Flat used to be album covers in in college. It's so you're spending a finger or cushions from the couch. I can spin Frisbee it's been a frisbee. It's going to be like flat yeah. I a few other skills. But i won't get into that things from the old days from college but what what can you. You probably have lots of useless. Well i mean. I have lots of lots of great skills to but i can balance things really well but just on on flat surfaces like pennies on their edge. And that's all. I could do that to the past. The coins on the elbow is that would be the champion in my dorm of snapping coins off my elbow. That's a good one. That's a good useless skill. As i think it was Jackie gladwin fats domino. Some pool player said Had a great game was really good at pool and called it the glorious results of the misspent youth. There's lots of things that i can do. That are d. glorious results of a misspent youth But i have never tried. And i don't know if i could do this. Would hunter could do with. Hunter was very proud of with yana. The hooker he could balance m. and m.'s on his erect penis. This is in the in the book and the story. yes article in. Its in the article. It's in the book. The miranda devine book. He balanced a line of m. And on his weiner and he takes photos of it so she has these photos. This probably going to be in. The book is obviously the new york. Post doesn't show you is a big vini member with eminem on it but apparently She seen the photos the laptop from hell. The book is called hunter biden. Big tech and the dirty secrets of the president dirty secrets. The president tried to hide comes out in september and it is going to be a great read. A wild read the reason. The big headline from this story is not hunters. Such total screw up which he is but they go over all the money that he pays her. And i guess he's getting scammed because she says oh that credit code good and he can't come up all his debit cards. She said aren't working not leaving. She's not going to leave without the eight thousand dollars. He owes her so on. The morning of a hunter adds a new recipient on the cash. Transfer zely The the woman from emerald fantasy girls and janas employer transfers eight thousand dollars..

september eight thousand dollars Devine Belushi Miranda devine Yana today biden russian Jackie gladwin twenty four year old yana Hunter months chaumont sean sharma one wild night New york than one One time
"eight thousand dollars" Discussed on Houston Public Media Local Newscasts

Houston Public Media Local Newscasts

02:07 min | 1 year ago

"eight thousand dollars" Discussed on Houston Public Media Local Newscasts

"Readers for loyal support. Emily chang npr news beijing busse npr news. Live from news. Eighty eight seven in. Houston i'm kyra buckley. Local officials say most cova cases in harris county are of the delta variety variant. But they don't expect the infection rate to rise as long as people keep getting vaccinated harris county judge. Lena hidalgo told houston matters. County is comfortably in the second lowest common threat level. The extent that we continue vaccinating folks we will continue moving in the right direction and those indicators are looking very very good hidalgo says so far more than fifty eight percent of county residents over age. Twelve have gotten at least one vaccine dose houston area state. Lawmakers are preparing to return to austin after governor. Greg abbott announced a special session. We'll start on july eighth government reporter. Andrew schneider tells us what we can expect on the agenda governor. Abbot was furious. The democrats blocked votes during the regular session on his priority bills tightening voting restrictions and overhauling the bail system. Any special session will likely include those measures of the top of the agenda. It'll be the first of two special sessions. The second one later this year will address. Redistricting comes as federal efforts to expand voting access was blocked by senate republicans yesterday. Metro transit is offering hiring bonuses of up to four thousand dollars for bus drivers and eight thousand dollars for mechanics to join the team news. Eighty eight seventy. Von herndon has more on how metro is trying to overcome shortage. Ridership is up for metro transit as many. Get back to work metro transit authority chief operating officer andy. Skrebowski says hiring drivers and mechanics is critical. You can't drive a bus. A mechanic we've operated. We need them. That's a requirement we can't get by without it and so on we've made the investment. Currently metro transit has more than seventeen hundred.

Andrew schneider Greg abbott Lena hidalgo Von herndon eight thousand dollars kyra buckley Skrebowski Twelve more than seventeen hundred Abbot Houston harris Emily chang first yesterday democrats july eighth harris county second one hidalgo
"eight thousand dollars" Discussed on Yo, Is This Racist?

Yo, Is This Racist?

03:18 min | 1 year ago

"eight thousand dollars" Discussed on Yo, Is This Racist?

"And i'm like bitch. I don't know if by lot of the other stuff is really interesting. I bet the audio book is good. I think i would probably want to stick to the page. Just because it's pretty dense. And i would probably have to pause and rewind at least in the beginning. Sure yeah okay. That's great advice. Okay so i wanted to say. I also fully. I don't think i've ever actually listened to an audio book like a phone. That's a whole other thing. The patty cone her autobiography from ten years ago that she. I know you don't care about broadway musicals but it is so entertaining. She is bonkers. She's bunk a wild woman yelling stories at you. Our this has this shook loose. One memory of listening to an audio book A which was this is. I'll just say but it's actually humiliating when about to find music or i liked it. I liked the book. Also but again that was teenage andrew It was matthew perry from friends reading. Douglas copeland's micro serfs choice. I think was literally the only the only audio book. I've ever listen to real. Yeah listen to a lot. It looks tracy. Do i do i listen Probably like twenty five percent of the books i read. I listened to yeah and generally for me. My rule is it has to be read by the author. If i want to listen to it and it has to be nonfiction usually memoir or something close to memoir like essays and otherwise i would prefer to read it on the page. But that's just for me. A lot of people love fiction on audio. I can't do it. I just got distracted But audiobook trevor noah audiobook grain yes. He's such a good performer And it's almost like yeah. It's great if you're interested in audiobooks are wanna try and audiobook. That is audiobook. I would start with also not only man. okay. I have another book for you. That is out on june. I i just finished today. And i think it is bomb dot com and i think it fits in some of your fi but not like fantasy vibes. It's called long division. It's by key salesman. Who wrote the book heavy. Which is one of my most favorite books gives as one of my most favorite authors He is a black man from mississippi. He is probably one of our best living writers right now if you ask me so incredible his memoirs fantastic audio and fantastic on the page. I've done both so god book long division so the background story to this book that this kiss as first book he wrote it in like two thousand thirteen or fourteen published it with an independent publisher with another book of his book of essays. He got a really shitty deal like he sold both for eight thousand dollars. I believe she then went on to write this and then he then went on to promote these books. They sold over fifty thousand copies which is a lot of copies for a book. And he then sold his memoir to a major publisher. He was so like embiid. He's talked about this but he was so embarrassed and like destroyed over what happened his first two books that he went to buy them back and he just bought them back for a lot of money.

Douglas copeland eight thousand dollars first two books today twenty five percent over fifty thousand copies fourteen first book ten years ago june trevor noah one both One memory matthew perry andrew embiid two thousand thirteen one of my most favorite dot com
"eight thousand dollars" Discussed on Against The Odds

Against The Odds

02:11 min | 1 year ago

"eight thousand dollars" Discussed on Against The Odds

"Fascinated. How people are drawn to high out the climbing and these like herculean goals of the seven summits or climbing all fourteen eight thousand meter peaks. Eight thousand nurse right Fourteen eight thousand dollars. There's a famous george mallory quote. That's why would a person wanna climb a mountain like everest. He says because there. That's the reason and do share that sentiment. What drives you for the for the big summits. Well george leigh. Mallory i mean he's selection Stud in quite a bit actually. As a matter of fact. I've been on everest trying to retrieve the camera that is lost. Kodak vest pocket camera that can perhaps his fat if found revealed if they made it to the top or not back in nineteen twenty four. That's a tra- here. That's one of the greatest adventure. Mystery out there. But i i was fascinated about george miller at an early stage. And and this quote this famous quote of him i think pinpoints the essence the the core of a perhaps the perplexity of climbing because the net some of climbing zero. Because you start from a you gain be you go back to a so. What's the point and I think that's george mallory described with even a better away when his said that. If you have to ask the question you won't understand the answer. And only when you experience it and you push through sometimes hell and experienced the hydration and fatigue and perhaps other losses of census too. When you come back. It's like you being reincarnated. It's like you have compressed too intense months amount than into all the emotions and all the emotional stages of a lifetime before we move on. I love to just like get my mind around it. I'm not a big mountaineer. Myself and our listeners may or may not be but just can we go over some of the numbers of the biggest mountains in the world. So how how. Many meters k to an everest and and some of these these Heavy hitters these titans of the world so the metrics is eight eight four eight. That's the highest peak in the world. Mount therapists aca schommer..

Eight thousand george mallory Fourteen eight thousand dollar seven summits george miller Kodak george leigh nineteen twenty four eight fourteen eight thousand meter one zero four Mallory Many meters
"eight thousand dollars" Discussed on The $100 MBA Show

The $100 MBA Show

02:23 min | 1 year ago

"eight thousand dollars" Discussed on The $100 MBA Show

"So craig writes in and asks. Hey am i spending too much. On software and subscription tools. I spend over a grand every single year on these tools. And i wanna. I say that you know eight thousand dollars. Sounds a lot when i just say eight thousand dollars but it's all relative really. It depends on how much you're earning depends on how many customers you have been on. The you know the nature of your business and how uses these tools. You're spending a grand a year but with those tools you're earning a hundred grand then. It's not a bad thing because those are basically you're running costs to run a business. You might have cost involved but most people that spend money on online business. Spend most of their money on tools and hosting and things like that again. I want to stress the relativity of this whole you know. Eight thousand dollars does sound like a lot. But our software business between hosting and development sas products and deployment tools and email marketing. We spent well over a hundred thousand dollars a month on tools and subscription services. But again it's all of our costs because we run a software company. I i want to talk about what tools really are worth spending money on and we'll talk about how to maximize tool so before you start cutting out. Let's see some of these tools. Are things that you actually should invest in number one you of say hosting a lot of people go really cheap their website hosting whether they're on a shared server or they're on some sort of dinky hosting plan spending a bit more on your website hosting and having a dedicated server is going to speed up things. It's gonna love the Website the faster have a better experience for your customers. It's the home. It's the home of your business and you need to make sure you're spending good money on a good foundation. A of people forget this. Skip this and spend really like less than ten dollars a month. That's okay when you're just getting started to have a proof of concept once you have customers rolling through the door you need to improve and upgrade your experience so spending money on that is not so bad. Most people spend like ten dollars on their website hosting because we really value experience for customers for our websites. We spent six hundred dollars a month on website hosting a virtual private server.

over eight thousand dollars ten grand a year every single year
Am I Spending Too Much on Tools and Software?

The $100 MBA Show

02:23 min | 1 year ago

Am I Spending Too Much on Tools and Software?

"So craig writes in and asks. Hey am i spending too much. On software and subscription tools. I spend over a grand every single year on these tools. And i wanna. I say that you know eight thousand dollars. Sounds a lot when i just say eight thousand dollars but it's all relative really. It depends on how much you're earning depends on how many customers you have been on. The you know the nature of your business and how uses these tools. You're spending a grand a year but with those tools you're earning a hundred grand then. It's not a bad thing because those are basically you're running costs to run a business. You might have cost involved but most people that spend money on online business. Spend most of their money on tools and hosting and things like that again. I want to stress the relativity of this whole you know. Eight thousand dollars does sound like a lot. But our software business between hosting and development sas products and deployment tools and email marketing. We spent well over a hundred thousand dollars a month on tools and subscription services. But again it's all of our costs because we run a software company. I i want to talk about what tools really are worth spending money on and we'll talk about how to maximize tool so before you start cutting out. Let's see some of these tools. Are things that you actually should invest in number one you of say hosting a lot of people go really cheap their website hosting whether they're on a shared server or they're on some sort of dinky hosting plan spending a bit more on your website hosting and having a dedicated server is going to speed up things. It's gonna love the Website the faster have a better experience for your customers. It's the home. It's the home of your business and you need to make sure you're spending good money on a good foundation. A of people forget this. Skip this and spend really like less than ten dollars a month. That's okay when you're just getting started to have a proof of concept once you have customers rolling through the door you need to improve and upgrade your experience so spending money on that is not so bad. Most people spend like ten dollars on their website hosting because we really value experience for customers for our websites. We spent six hundred dollars a month on website hosting a virtual private server.

Craig
"eight thousand dollars" Discussed on The Fine Homebuilding Podcast

The Fine Homebuilding Podcast

03:41 min | 1 year ago

"eight thousand dollars" Discussed on The Fine Homebuilding Podcast

"Compared to a bit apples to oranges as they gave different. Designs was in the ballpark of eight thousand dollars. Sketch up as a free extension called. Cut list all you need to do. Is mark all of your three quarter inch prefinished plywood as say read and cutlass well then produced a list of the cuts needed in that material which you can then send to your seat supplier for cutting. It can even produce diagrams of the optimal cuts on the four by panels if you want the downside compared to rta cabinets or a first full service cabinet company is a little bit more assembly time but possibly a lot more design time if you don't have extensive experience with sketch up or another design program. That's this part of the process. Took me longer than i expected though. My sketch up skills were very rusty. Since i wanted highly customized cabinets anyway. I was going to be largely stuck with this design process. Either way this could likely be farmed out to someone else for a fee. Well that was super helpful. What do you guys think. Yeah i'll tell you when. I worked at that shop. That did those retail installations in new york city. They had initially had a single Small really slow. Cnc router that we would use for only specialty things but eventually they invested in this big giant one and it would cut out like you cut thirty individual pieces out of a sheet of plywood in less than ten minutes. But how long would it take to tell the machine to do that. Work rob because i that's the thing is that there's some variables here you've got to consider like if you you gotta be comfortable with designing you gotta be comfortable with designing and a cat and a computer and computer software in order for this to be worth it for you but then again maybe did you find it difficult to learn that run It's certainly time consuming to to learn that to learn because you also know if you're working with the machinery itself you have to transfer the files from whatever. Your design software is over to a program. That's that works with your cnc machine. Tell me if i'm wrong. But i've heard him described as design programs and then tool path programs. Yeah yeah yeah and then of course i mean if you're doing this stuff yourself with your own. Cnc machine you have to learn all the little subtleties of like running the tools at the right speed and depth and it depending on the sheet goods that you're using. Sometimes they leave little tabs that need to be cleaned up depending on how it's fastens to the better the of the router. So there's you know there's a lot of variables but it took us a while to get used to the person who is designing the stuff to make it the right way for the machine to do it efficiently and without making a mess but once we did it was like oh you screwed up that piece. Just yell to the guy in the cnc machine in he'll spit out another piece in like minutes. So that's the that's the cool thing about it. Is that like if you have access to the machinery. Even if it's farmed out to somebody in your town you could just basically say hey. Can you re run that that and it it it definitely. It wasn't so much about increasing our efficiency on really simple stuff but when we did more complex things it really really dr or efficiency. I was surprised affordable. This is i mean to have someone all your pieces for in. His case was one hundred and fifty dollars. That seems like a steal. That does seem but i guess as these machines become more prevalent and more affordable the prices come down same similar to like how.

eight thousand dollars less than ten minutes three quarter inch thirty individual pieces one hundred and fifty dollars new york city first four single Small
"eight thousand dollars" Discussed on Let's Talk Wellness Now

Let's Talk Wellness Now

04:36 min | 1 year ago

"eight thousand dollars" Discussed on Let's Talk Wellness Now

"On what kind of business you have almost everything you do in life. You become a tax deduction except no tells you that exactly simple things like your cell phone if you start a business today. Your cell phone can be tax deductible part of that business because you need it. In today's day and age everybody uses it to grow their business. You have to do social media. You have to have a phone that becomes a tax deduction instead of a personal expense. That's how i changed my take home. Pay that very first year before. It made any money for my business. Yeah it's it's so funny that we don't think of and i i really think it's a service in our financial world that cpa's tasks accountants don't typically have these kinds of conversations with people and it can be the difference between like you said eight thousand dollars take home pay or eight thousand dollars to to pay alkyl sam. We're all looking for ways. Not pale ale sam more money and if we can offset things to businesses. That's the best way to do that. Exactly exactly and many of us. The first place we start to get into a business is in health and wellness business right right though this leaves in fact that's one of the first places i started it leads in to your health and wellness business if you know how to use tax deductions even your children's allowance. Can't be reorganized the tax deduction to your business if your kids are seven or up. They can do social media for you. Seven-year-old liking and and responding to friends in that kind of thing. So you can do it. You just have to be very precise in how you do. And how many times do we post pictures of our children. They make great models for our social media posts in you can pay them for being a model and added to their college funds. That way. exactly you're gonna pay them anyway. You're going to put money in their college anyway. Why not divert some of that and use it to your benefited. Stood up your detriments. Exactly that is so true. Most people don't even see that on so thrilled that you how it starts. You are going to learn how to do things. And you're gonna say. Oh my gosh. What if i did this. What if i did that. And you kind of try and figure out. How much can you make tax deductible. Nfl can't be tax deductible. You don't do it anymore. It's no fun anymore exactly. That is so true that is true so tell us a little bit leslie how you coached people out of living in that crisis mode because that's where most of them are coming to. I'm sure they're kind of crisis mode. How do you get them out of that. Crisis thought process in into this creative thought process of how important a business can be for someone. It's amazing how fast that can change and it has to come with a willing mind but the way you start is figure out where you are and where you want to be and if you can step outside of yourself for a moment and say where do i wanna.

eight thousand dollars first one today first year before seven Seven-year-old first places
"eight thousand dollars" Discussed on The Birth Ease Podcast

The Birth Ease Podcast

05:21 min | 1 year ago

"eight thousand dollars" Discussed on The Birth Ease Podcast

"So i was in my own house. I was in my own body and this person had in and just wanted to be polite to her. But i didn't know how to tell her that having her there was not the right. Fit for me So i wrote in my blog and went to the other room and like immediately had to contractions in thank god. This person was experience with you. Know how there's no telling what things are going to be like when you're in that situation may she did leave but she went to a french house. She gave them your phone number and she went to a friend's house who was closed and she just stayed there just in case. I decided that i needed her to come back. So even having that kind of support be listened to as in. I need to be myself. I need to have somebody here right literally went so far to making my birth continue. It sounds like you had a hard labor. Does just the bit bad about it was it sounds difficult. I teach hip number thing. And i do have ladies that have had pain-free burs or they'll say it wasn't that bad but there are times and i do appreciate the reality. But you're saying that sometimes and epidurals is a godsend sometimes. Labor is hard and we need to acknowledge that side of it too. Because it's part of why. I stepped away from being affiliated with either hypnotise birthing hypno- babies their institutions. Because sometimes women felt like they failed. And there's not any failing in this because no matter the experience it is hard work and it's life changing. Yeah i appreciate that. And i have got a lot to and i you know that is part of why i wish there were not such a call around chow Gets very polarized. Well it does. Yeah a tease that. I don't wanna talk politics religion for birth because opinions are so strong and so polarized at times. Yeah i mean just the idea that any parent anywhere who has birth. Someone has a sense of failure around that. That's a failing of our culture. Yeah i agree because there are only. There's a couple ways that the baby comes out of your body. We do not know what is going to happen in the moment i certainly i wanted a home birth. I wanted a water birth and ended up making my decision based on a number of factors economics. I had employee-sponsored healthcare. That made it two hundred dollars a day to be in a hospital. And i didn't have the scratch for eight thousand dollars for the local birthing center. That was something that wasn't available to me. Yeah i tell women. Insurance can determine where you give bernard and i get it. Two hundred dollars is a whole lot more accessible then..

two hundred dollars Two hundred dollars eight thousand dollars couple ways bernard french
"eight thousand dollars" Discussed on Real Estate Disruptors

Real Estate Disruptors

05:39 min | 1 year ago

"eight thousand dollars" Discussed on Real Estate Disruptors

"I'm i was more stressed dealing with that than dealing with people literally dying bleeding to death at the hospital later. Contractors were more stressful to me than that. That's how bad it was so we were talking earlier Bantering before the the show and you were mentioning that you were kind of nervous. Well no one's ever died on But you've actually have to deal with that. Yeah in the hospital and with all that stress pressure dealing with contractors as much as well. Yeah now now. It's not but but then yes absolutely was unknown. I wasn't educated for that. You kinda learning as you're going. That was different from what i was experienced. Before you read a book you go lecture you learn and then you apply it and for this was like all the same time so took some adjusting for me. You know to get used to that but then a once you figure out that no one's gonna die that the worst isn't going to happen near like okay i can i can. I can move this so then you get a handful of deals In this situation he was visionary. You're the integrator. And then what was your first higher. Leave manager okay. Answer the phone. That was a big pain point for us. So what happened was we started marketing. And we're doing our own flips. And what wholesaling was we read something about that. I'm bigger pockets. Were doing that. We're gonna flip. But then we started marketing. We started getting deals that we couldn't close or are our contractors. Were busy so what do we do now. You know what we can't let this. We can't make a promise to this homeowner and the not deliver so we had some other investor friends that we met in the area. We wholesale deal. I think our first wholesale. We made like eight thousand dollars. That was good. Let's to pursue some more of that and then so then the phone keeps ringing right and we keep marketing..

eight thousand dollars first wholesale first
"eight thousand dollars" Discussed on The Road To A Billion

The Road To A Billion

05:11 min | 1 year ago

"eight thousand dollars" Discussed on The Road To A Billion

"I found out that he was doing that. Because i caught tracked down the copywriter. Who wrote the page for him. He's like oh yeah he's doing really great and that created more curiosity and i then hired a business coach onto credit cards because i was a trainer living paycheck to paycheck. Forty eight thousand dollars a year. I put it on two separate credit cards..

two separate credit cards Forty eight thousand dollars a
"eight thousand dollars" Discussed on DV Radio

DV Radio

04:40 min | 1 year ago

"eight thousand dollars" Discussed on DV Radio

"People and saying hi to everybody but it's just like that one location like my office is it was issue like everywhere else. He's the friendliest dog in the world. He's a big baby. I put him in office. You want to you know what i mean. It's like he's toys and blanket. Probably food water fetches domain a weird place to get for a dog to be attached to because you only there for a certain amount of time in the day you know home anti but again again. It's it's an experience outside of what i have because skier doesn't guard period. He just doesn't accept maybe his truck but even then he lets people come up to the truck. I don't know i don't know it. Just was never wanna his his drives so this company they still operating under the guise of training service dogs for veterans Yeah but they primarily operated under training service dogs for money which ironically my girlfriend actually acquired to them because she has a service dog as well and They were going to charter something around. Like eight thousand dollars just to start the training while now and she couldn't bring her dog either yellow. Yeah yeah. I've she told me that after you know we i'd mentioned what who i was going through in my experience isn't that great and then we brought that other dog into laos and fun interesting interesting now. I appreciate your intentionally not naming the company we look. I'll call out the big companies like you know canes for words i'll call those bastards out but The smaller companies. We're not under trying to destroy people what we want to do. What we do these interviews and we talked about this. Is i want the veteran. When they approach a company or a nonprofit organization about training service stock to be as educated about the subject as possible and be able to ask pointed questions. That's that's the intent of.

eight thousand dollars one location
"eight thousand dollars" Discussed on MAKE SPACE — A Home Design Show by Never Skip Brunch

MAKE SPACE — A Home Design Show by Never Skip Brunch

05:37 min | 1 year ago

"eight thousand dollars" Discussed on MAKE SPACE — A Home Design Show by Never Skip Brunch

"In senior or pressure treated. But i like her. It's more natural and getting you don't even have to finish it. You can let it over at the end of it. But it's a great material to work with so so we do some tables we do. These really cool armchairs out of you know four by four. We do a lot texture. We do so fun like decorating with rope. So not not like macaroni not knots. But just like the texture and the heel of rope and covering his with and wrapping things in. We do a headboard out of rope and different planters. Because it's summer out of rope whole table. Top with different gauges of rope it. Just you know we tried to not have it be totally like everything else table. Top as roma's little touches of rope in lots of the glass and linen to go with it. Yeah so you know if you have just an hour and a couple of yards of twine like you can do this or you. Can you can cause really nice. Rope is kind of expensive. You can reggie that and do more of a wrapped table out. We we do some hardware out of rope. That's really on something so loved loved the rope story Yeah yeah it was. It was really fun. We all said somebody. Who did they did at tile. We wanted them to just go to. We didn't want like designer tile sources rate running one of them to be tile sources that reveal that everyone some home center but of course like wayfair overstock where you can find cool stuff unfortunately so much tile that see on. Instagram is very special. You know it's like order discontinued all over the place. I'm always finding high cash or the lead time on. It is three months because place that makes it in brazil rate. Y'all got to get it through customs and you don't want your kitchen is gonna be like eight thousand dollars easily. Make one into focus on cool tile. that's available to everyone.

brazil three months Instagram eight thousand dollars wayfair an hour four a couple of yards
"eight thousand dollars" Discussed on Erratic Dispatches

Erratic Dispatches

04:19 min | 1 year ago

"eight thousand dollars" Discussed on Erratic Dispatches

"That sort of ambient. Improvisation are experimental of tonic. Music is something that still something that i really enjoy doing and then the other part is like i do wanna put on some shows especially of of the songs that are going to be on my upcoming album in regards to your electric music to use like different types of like censored us like oscillators and mokes and stuff like that. Yeah so. I'm kind of a a weird out. Liar in electronic music in that a lot of electronic producers. Really love their analog sense. And they're like i mean i have played with and on analog sense and they're really cool they get some really interesting sounds and having the physical knobs that you can touch or the physical keys that you can much really does change something about it but for me. I'm broke musician. We're all kind of broke musicians. And so it's like the. I don't know if i can shell out eight thousand dollars for like a sin and so and and then the other part is that like it. It just keeps going like. Oh there's this sense and then you can attach this thing. There's what's called Your iraq's they you know all connect to each other and all these cables and sequencers and oscillators and noise generators delays effects. All that sorta stuff. I do all of that inside the box and so i have a lot of plug ins that i enjoy using that. I know how to use and while it's not the same sort of physical nature of touching a knob and really feeling the the filter opening up or something. I know how to do that myself. Through software and so i actually just really enjoy working out of the box because as pretty much most producers are kind of a control freak and so it's like a bike in adjust. Where exactly. I want it to be or how much to open up or how many times a delay is going to tap or something having that complete control over it is..

eight thousand dollars iraq each
"eight thousand dollars" Discussed on The Canine Paradigm

The Canine Paradigm

05:24 min | 1 year ago

"eight thousand dollars" Discussed on The Canine Paradigm

"When they're in that frame with making a choice to be aggressive to to take a position or to do something active. Rachel spied against another dog. Oh bob fucking correct them I'll be in a state. Where else i know. You can't do that. You never going to do that on my watch. But there's a lot of people who don't actually know the difference between the two of them and that's where it comes up to the intelligence of the person doing the concert with them at the time to be able to analyze that and saying this is the frame of mind way doggies. This is the course of action that we now need to take. Yeah i agree when you hit a case behavioral case where it is real whether it's progression if we're going to say that or dominance sort of aggression it's so easy like high that doesn't have the outcome think. Yeah and and it's just a behavior when you can just go like oh can treat that as a behavior about with aggression that stems from fee uncertainty anxiety. Any of those kinds of things in my experience that into the hall of laugh of the dog and all the trees get louder so lucky for doggies possessive. And he'll fought another dog that tries to take stick. It usually ends there right. So he's like he can be around that dog weed out the stick right like and it's it's easy right or that roddey lacked. That would have been you know if you have the right contacts you go. Oh we sell him. We're gonna we're gonna make eight thousand dollars today. And he's going to be a yard dog in papua new guinea. And he's gonna he's going to have a wonderful laugh getting a now. The fuck out of anyone that david jumps offense like it's going to be right right and so those kind of aggression. These is in my opinion. Really easy to avoid if you wanna use punishment really easy to punish away but also really easy to sort of shopping..

Rachel two eight thousand dollars papua guinea today david
"eight thousand dollars" Discussed on ACG - The Best Gaming Podcast

ACG - The Best Gaming Podcast

03:53 min | 1 year ago

"eight thousand dollars" Discussed on ACG - The Best Gaming Podcast

"Dude. I love speed runs but like to watch the devs react to them is just awesome and especially when they're like yeah they see like something we should keep it for the community and when they like when they understand the cause some understand where it's like. Oh we didn't see that cut scene and stuff but then usually another deb would come and correct them and be like yo. He probably played this game to completion so times. Yeah every little bit of the game you know. What else do we got. Johnny shout out from fuji. Says i wanna thank for the episode of jean de exactly what. I was interested in enjoyed that. Talk a lot especially appreciated. The you explained that the flow of solo games. so cheers. thank. You ma'am i m feedback on that. Yeah and then. Mr drago says there was that rumor. That microsoft was buying. sega imagined. That was a done deal. Do you think it would be possible to see microsoft saying to creative assembly. Now you can make a total war. Halo skyrocket rim fallout doom etc. Are you on board with that. Poor hilo already did one right up halo wars one and two hours through decent. Actually i mean is there any. Ip though that you would want to see a crossover from microsoft. I'm trying to think. With master chief stands pedal is popular and doing well. Because sega's doing their own thing. Well i don't know if they the idea of having them merge. Ip's makes sense. Total wars awesome. Like and they just announced some dlc for the dynasty warriors. Total were game. Is there anything. I don't really. I mean i wouldn't wanna see anything i don't. I didn't kayla worse near as much as a lot of people. So that doesn't interest me gears. Wouldn't interest me years with no because yeah because locust will the locus part. That's funny enough. That's what i was thinking. The locus parts. Fine right but then won a ton of gears and we already have gears tactics so gear magazines. Let's why total war war hammer for example works. Because i mean yeah it's more hammer. You have massive armies on right win by the way if anybody doesn't realize that sega was making total war and it was awesome. I loved it. I even like the one. No one likes which is like empire which no one likes that one but it's like more incomes. I love it when they announced total war war hammer. I don't think people realize how long waiting that had been for games workshop because it makes sense there is no other. I am in the world by the way and i would watch made heaven. It is when you look at it and you're like oh holy shit. This is what this is. What fans for both of probably been waiting for because red said there's like eight thousand fucking races already nar eight thousand dollars if you wanna play and right and when you go like war hammer and it's a video game in. I just remember when that got announced people like are. You fucking kidding me. It's like what we have been waiting for forever. It's was yeah. That was a that was a really good team. I don't see. How microsoft could the examples here is like total war halo halo. I mostly think of must achieve one and maim against a whole army is what you're playing shooters. It's wouldn't work in a total war. Busy sunday commander that's commands tons of human armies going purple. Says he'd like to see

war hammer microsoft eight thousand dollars jean de two hours Johnny drago eight thousand fucking races both tons of human armies total war war hammer one Halo hilo war gears halo wars ton red
P.E. Teacher Becomes Full-Time Sports Gear Reseller

Side Hustle School

05:36 min | 1 year ago

P.E. Teacher Becomes Full-Time Sports Gear Reseller

"Today in our latest feature will hear from a teacher who buys and resells sports gear. I love to look at stories of simple reselling. Because as i said simple. These are very simple projects. That are important to highlight. Because it's something that most people can do if you're out there and you're like totally new to the whole world. This is a great thing to jump into. I think The guy we're going to hear from. Today matt his total startup cost with something like one hundred dollars actually makes his first profit by selling his own stuff like his own. Jerseys kind of reminds me how. I was selling my own items from around my apartment more than twenty years ago when i got into this kind of thing and eventually for him. He ends up going all in with. This action retires from teaching to focus on his re-selling dig his businesses. Going really. well he's doing up to eight thousand dollars a month or so. He's managed this all throughout the pandemic of course so he's got some good lessons about time management etc. Now we. I heard from matt nearly two years ago in the original story Let's now hear directly from him. And i'll come back at the end. Perhaps share a story or two from my own re-selling years little quick trip down memory lane along with some advice for you. If you'd like to get into this to no matter how much you sell ship station makes it super easy to manage ship your orders from all your sales channels faster cheaper and more efficiently. They have been helping many of our listeners. For four years now ship station you'll spend a lot less time on shipping a lot more time growing your business in no matter where you sell amazon oetzi. You're on website. They can funnel all your orders into one simple interface service from a great company. That as i said i know has helped a lot of our listeners. You can ship more or less time with the offer code hustle. Get your sixty day free trial. That is two months free of no hassle stress free shipping. All you gotta do is go to ship. Station dot com. Click the microphone at the top and type in hustle that is ship station com offer code hustle. Make shit happen. My name's matthew myers. We are located in indianapolis indiana on the north side of town. My side hustle from seven. Twenty seven was kevin's lockouts instill as epa clubhouse side. Hustle is a resale sports in store. So i essentially. I had goodwill's stores scrap sales markets and then essentially resell gently used sports fan gear. And it's pretty much anything ranging from palace pros From both ear to cycling ear to winter jackets could be anything from maki North face to to the old nineteen ninety a starter jacket. Everybody has the chicago bulls one that we all grew up more so i always try to find the brand. The brand names let everyone tries to buy but off discount and then obviously compared to larger with nike and medicine and things like that. So essentially i just i go to stores deal mainly for stores buy low sell high and try to offer big products to people and it seems to save to be working where people are always gonna be wearing that either to a game and obviously you really go into games right out. During a pandemic people like wearing that stuff going on their favorite team. I started this back in two thousand seventeen of between teaching jobs. I left my previous school for a new teaching opportunity. But i was also unemployed needed cash so i kinda just sold things on the side that i wasn't using it like an old jersey so i sold an old chicago cubs jersey for seventy bucks tonight. Said well you know. Maybe maybe something to this. So i'm going to sell an i. I probably had thirty forty jerseys. I want i sold them. Georgia this cycle a mortgage. And i was like okay. Well they sold pretty quick. You know maybe maybe this is something. I can actually take off and run with and actually create business but you know between north korea and mainly will be clothes. I've been able to manage to make profit enough where i can officially retired from teaching. And make this slimane hustle. I before i left. I needed to see the numbers on my end of a meghan. You know five six thousand a month okay. You know sales growth sales. So i knew that i was it. Was it was a good enough jump to to try to make this full-time gig. And i'm lucky to last year's at it has even with my biggest challenge right now is that now. It's time time time though is going to be a challenge. I think i think a lot of people will tell you that My my i love working at night. And i'm kind of like a night out precise so i'll let you everything done late at night. Then as morning hits you know it's hard to get up at seven eight o'clock and try to figure out you know. Hey i need to get all this stuff done before. I don't know four and get my orders out so just trying to be more productive trying to be better on my time. Let's old spent my biggest challenge and going into this year. I wanted to really make make that my project per se of like you know what it's time to get up. It's time to be productive. It's time to get to the stores. The fun part about all this is that you can go on thrift and you can go and find all the stuff. The hard part is get it all up getting listed getting measured and then getting shipped out with someone. That's that's always the nasa art so just trying to balance both has been tough but again realizing that this is my full time job like there is no teaching job anymore. They're in snow. Kindergarteners coming in for p. Like just to be completely focused on everything. I think so far it's only been seven days of twenty-three one pasha thank you so much matt really appreciate that update So glad to know what's going so well you've been able to make it your full-time gig check out. Matt's shop it's kevin's clubhouse dot

Matthew Myers Matt Maki North Chicago Bulls Indianapolis Amazon EPA Indiana Kevin Palace Chicago Cubs Nike Meghan North Korea Georgia Nasa Pasha
Giving to Create a Legacy

Wealth Is In The Details Podcast

07:03 min | 1 year ago

Giving to Create a Legacy

"When we talk about legacy planning. We're talking about you. Typically for our clients that are independent. they're financially independent. Maybe reach the financial transcendent stage. They're talking about giving the talking about making significant gifts to family or to charity. And that's what i mean by legacy doing something to provide for others. that goes well beyond beyond our lifetime. Okay so if i am making a gift some to someone My child or in my case You know i've got a couple of grandkids. Now and i wanna give a gift to grandchild. Is that taxable to the person receiving the gift in other words. Am i going to be setting my grandchild up to have to pay taxes and not necessarily know just like if you give them a birthday present their taxed on that that gift and if you're giving them significant let's they're not necessarily taxed on that on that gift so that's a simple answer. Okay all right. Well i i know that if uncle sam head his way he might wanna show up at birthday parties and start taxing gasoline difficulty. Just just saying the attitude. He's got right now anyway. What about the person making the gift. I is there any ramifications for me if i'm if i'm gonna give a large gift like that that that's where this guy gets a little complex so possibly if the gift is large enough and i and i just want to briefly give some some basic tax concepts and some rules around that not to more people but tax planning is part of financial so we need to talk about it. The basics earned income meaning wages taxable as regular income and so his income from investments like dividends and interest. I think most of our listeners know that. And if you sell an asset that you've owned for longer than twelve months for for a gain you you've realized a long term capital gain and that gain is taxed at capital gains rates which can be lower than tax rates on on regular income. That's just the basics for larger estates and here. I'm talking about very large estates currently in excess of a million. I'm sorry eleven million. Five hundred and eighty thousand dollars for an individual and twenty three million one hundred and sixty thousand for a married couple for states in gifts in excess of that amount of the federal government is going to taxed tax the giver at forty percent well for large estates. The tax could be very significant in here. I think this is really a transfer tax not necessarily tax only a death because you're making very very large gifts that exceeds those limits. Eleven eleven million five hundred and twenty three million one hundred sixty thousand. Those are also taxed to the to the person giving not to the receiver of those assets and then another. There's another level of tax at least in seventeen states plus the district of columbia. They're going to also levy a transfer tax estate tax for example in massachusetts we haven't attacked exemption of a million dollars per person and thereafter estates are taxed at point eight percent all the way up to point all the way up to sixteen percent. Taxes can be part of the conversation and and the and the planning so back to gifting. The federal tax law says an individual can gift fifteen thousand dollars to an individual per year. You can give to your grandchild. Fifteen thousand dollars in your wife can give to your grandchild thousand dollars oak. We call this. The annual exclusion anything in excess of fifteen thousand dollars is counted against your federal lifetime. Exemption which is it which we just described that eleven million five hundred and eight thousand dollars and that so it's counted against your lifetime exemption and attacks form that discloses that gift is required if it's if it's a gift of fifteen thousand dollars or less there's no tax form if there's a gift in excess of fifteen thousand dollars per person per year calendar year then there's a form that needs to be sent to the irs. That doesn't necessarily attacks do you. And your wife give gift your daughter. Thirty thousand dollars in a calendar year. No tax forms required. But if you give her forty thousand dollars you'll need to file a gift tax form disclosing a ten thousand dollar taxable gift. Now your lifetime. Exemption is reduced by ten thousand dollars. There's no tax do over. But now you've your lifetime transfer exemption amount is is a little bit less okay a little bit more detail than you might want but it's an important nation. Yeah that's perfect. Because i think that's a huge in planning for people that can afford it. Peter i'll be honest. I'm not in this category yet right. i'm not gonna. i'm not worried about going over that thirty thousand dollars a year gift. My children or my grandchildren but there are a lot of people out there that are right and they need to know this information. They need to know that can give them an annual basis. They just need to subtracted from the total mountain and play by the rules. Because you know you don't want to get yourself in trouble for sure. I think it's important. I also just from a tax law perspective. We don't we don't know what tax laws will be in the future cert. There's certainly not static in there definitely subject to change so under under the current law the lifetime exemption amount is scheduled to reduce back to the two thousand and seventeen exemption of five million dollars per person. And that's adjusted for inflation and that starts in twenty twenty six so under current law that that lifetime exemption amount goes is reduced from almost twelve million dollars down to almost six million dollars with y when you consider inflation. What happens to those people that have already. You don't reach that that mark. Maybe they've given away eleven million and then it goes back to five million per person are they are the grandfathered in i'm using air quotes there. The grandfather dinners. They're going to be any issue with that. Oh you ask a great question. And the the irs. They have determined that. There's not going to be a clawback. So yes they can make the gift now. It will always be exempt said. It's good so again. There's there's much needed information for those people that are in this situation. There's a time limit right. I mean there's there's kind of a ticking clock on on getting those gifts to somebody before it sunsets back to a much lesser amount. So the great information

SAM Federal Government Massachusetts Columbia IRS Peter
Should I Pay Off Debt Before Selling Stocks?

Ramsey Call of the Day

07:05 min | 2 years ago

Should I Pay Off Debt Before Selling Stocks?

"So i'm twenty five due to a very fortunate situation i kinda got doubly lucky here and got some money from my parents and my grandfather and also got really lucky investing in some things. I didn't completely understand what that money like. You often say The tricky part about that now is the ninety. Five percent of my net worth is in stocks. And i only make fifty grand a year Getting ready to buy a house at my fiance. i'm just concerned about the capital. Gains tax hit to create a downtown for the house. Some thinking i've made my fair share of dumb decisions but this money being young obviously Got a big chevy tahoe. That you know. I don't think i necessarily deserve. But i just happened to like something and do i sell it number. One deduct free and create positive equity to maybe absorb that tax. It or keep the truck just because i enjoy it is the truck paid for twenty thousand muslim but Yeah i i'm either way. I'm not taking the car anymore. So i'm thinking bill situations neither reading it off and you're twenty five years old. You make fifty thousand twenty eight thousand dollar truck and you have how much in this investment account. Six hundred and fifty thousand dollars. Wow wow yeah you've got you've been blessed beyond measure he s and how much how much of that is gain that is over a year old Probably about seventy percent of it okay. So that'll be taxed at fifteen percent and it's in single stocks and from the way you're describing this it sounds like it's fairly high risk situation in my right Some of it is the i decided you know. I got scared of it pretty early. So i moved sixty percent of the into management. I would say the other. Forty percent is individual stocks around consumer data collection and medical diagnostic collection. Yeah yeah uber. High risk cutting edge small-cap technologies and. Yeah you're pretty much. Playing russian roulette with those things are the roulette wheel anyway So The way i answer questions. We answered questions on this show is what would we do if we woke up in your shoes. Yeah man first off. Thank goodness you're where you are. Congratulations that's wonderful. The danger is that it worked that you may try to do it again. That's that's the dangerous part. It's like the guy that drops one quarter into a slot machine wins and he spends the rest of his vacation but all his money in the slot machine. Try and do it again. because you're not going to do it again. I d i. I do not have investments of those types because They scare me and And my real estate portfolio alone is worth hundreds of millions. So i can speak with Emotional authority in this situation. How it feels. When i was your age i was a millionaire and lost everything. And i don't want you to fall into that. What i would do is i would Move anything that is not in a managed account in mutual funds. Into that. And i would pay off the truck tomorrow if you're going to keep it Normally we say do not own things that are more than half your annual income. This is barely but you also have six hundred and fifty thousand freaking dollars laying over here so. I think you can afford a driver's truck if you want to write And then Believe it or not. I'm going to suggest you do not buy a home with your fiance right now. On number one. You don't buy homes with people you're not married to After you're married. I would rent something even if it's something nice for six months get to know each other. It takes about a year of being married to know how close to your mother in law by. Yeah yeah in other. After a year of marriage you will make different housing decision than you would make today together. We've been running here for about two years. We've been married. yeah correct after. You've been married a while. You will make a different decision. You would make as shacked up john say's It's a different thing. Just is true and so i would take my time. And you've been the. There's a tortoise and the hare you've been the hair and you're ahead in the race and i'm going to switch sides and become the tortoise and i'm just gonna slow your butt down on the investing and on the house i'm really happy where you're where you are and you're obviously a very sharp guy. Yeah i mean you're obviously very bright so you may not do anything we say to you called and asked us which the danger of that is. We're gonna tell you. Tell you the truth and i think he will dave. I think he's he's a little nervous a little scared. He wants to make the right decisions. She wants house. Yeah and. Here's the thing. Dave i was going to say instead of for you know. Save like you said spent the first six months we year when she will get married and then with him walking away after he pays the capital gains. I pay cash. I'll pay cash for the house. That's why i was gonna say did i. And i'm saying it's like a two three hundred thousand four hundred. I don't care i've hundred. I don't care now you're good really. Everything's paid for everything. The money's gone. Yeah of it your all your taxes. Well i mean by the time you guys not the. It's back. investment accounts. Guess yes your taxes at fifteen percent on seventy percent of six fifty is just. That's not gonna cripple. The situation is And yes i would pay the capital gains in order to get this in the right setting and it doesn't sound like that much of it's gonna be subject to capital gains because sound like you've already done that when you moved from these higher higher risk things into the manage stuff you probably took your capital gain chen you liquidated investments to move them. That's my guess anyway I don't know exactly how you did that. But that's that's what it sounds like. You did to me so anyway. I'm gonna pay what capital gains. You got to pay for making the move and get it all undermanaged and i would sit there something for a little for a year after marriage six months after you're married then i would buy with cash and pay off the car today and i wanna say to america listening. You are processing at work for him. Let me go try that. No do not do it. I mean i think the numbers. They've update numbers right around. Seventy eight percent of the people who play in his field. Do not make a dime. They actually lose money and so Yes you hear. It worked over here But it does not mean more than likely if you had a buddy that will hit a lottery. Ticket doesn't mean that smart by lottery tickets. It's just you know that's the bottom line. And so and brandis are gavin smart enough to wise enough to be a little bit afraid in this situation. But congratulations that you're there. I'm so happy that you're twenty five years old and six hundred fifty thousand dollars. That's just so cool. That's so neat. And thanks for calling in asking the question.

Dave John Chen America Brandis Gavin
The Road To Bankruptcy

The Indicator from Planet Money

06:22 min | 2 years ago

The Road To Bankruptcy

"After closing her spot in march. Daniela stromberg went looking for help anywhere she could find it. She applied for one of the ppp loans from the government and she was approved but those loans helped businesses cover payroll and yellow. Didn't just have payroll to worry about ci also had to pay rent around twenty eight thousand dollars a month. I'm day spa. i'm utterly vulnerable. So how would i then pay the full rent. Daniela turned to the one person who could really help her solve her rent. Problem her landlord. She needed to things from him. I need an exit strategy. I wanted to be able to give him three months. No this should this not be working. I needed reduced rent based on my ability to do business so the reduced rent was tied into my reduced revenues. The negotiation with her landlord was not easy. Daniela says they went back and forth for months. Then in july danielle caught a break governor. Andrew cuomo announced that new york city would enter phase three of reopening which meant that personal care services nail salons tattoo parlors and spas could reopen. Our phones. Were ringing from the day. The city said go It was amazing. Then yellow was thrilled. She was finally able to bring back some of her staff and she got to work. On new safety. Protocols daily temperature checks goggles masks and face shields she invested in a new air filtration system and uv sanitizing lights domi- was open for business. We were the neighborhood spa and we had been there for eighteen years. We have real relationships with our clients and most of my team had been with me more than fifteen years so people were happy. We were open again. Demise was completely booked to try to accommodate as many customers as possible. Danielle and her staff started coming early staying late but the numbers just weren't adding up. Danielle could only open to of her seven treatment rooms because of social distancing and she could only offer her low dollar services guess like massages so a one hour massage cost around one hundred and fifty bucks not bad for daniele but also that wasn't anywhere close to as profitable as a facial official might bring in three hundred fifty dollars for that same. Our only problem was facials. Were still prohibited by the state. So even after reopening daniels revenues were down seventy percent from the previous year and then in september danielle received a final offer from her landlord. It was two months of half-off rent. And if she wanted an additional month at fifty percent off she would have to sign five. More years onto her lease daniele was stunned. She was dealing with so much uncertainty. She had no idea where things would be in two months. She felt like there was no way she could sign this lease. What is two months. Mean what what's the relevance of that. What did he think was happening in two months. Like that's just magic thinking like it meant nothing. This was spit. daniele was at the end her rope. She told her landlord she would be out by the end of the month and then she called each of her thirty four employees. I said i am. This is really hard. I'm very sorry. I feel a win and i didn't wanna let anybody down but i lost my fight with the landlord and we're ending services on the fifteenth daniela's spa is one of more than one hundred thousand small businesses estimated to have closed this year when a business closes. It's still on the hook for the money. It owes some business owners like daniela file for bankruptcy as a way to deal with their outstanding debts. Kate waldoch is an economist who specializes in corporate bankruptcy. She says when a business closes it sets off a chain of reactions. That ripples through the economy. I the business owner stops paying their landlord. The landlord is making any money. And chances are in since we're still in the middle of the pandemic. It's really bad right now. They probably can't lease that. Space to a new tenant probably sitting empty and so all of a sudden the landlord can't make mortgage payments so the bank and then the bank is in trouble. Says kate because it was counting on money coming in from the small business and from the landlord and when businesses in landlords that means that that's money that the bank was expecting to make that it's not making so the value of the bank goes down and the cash that it was hoping to take in and then relent to another business or another landlord or another homeowner. Can't relent that money. Kate says the result is that there's less credit to help. Businesses grow in the future. She worries all of these. Recent bankruptcies will result in a serious recession. The likes of which we haven't yet begun to see when the virus is finally under control and businesses can start reopening again get says it will take a lot of cash to jump start the economy and she's worried that the banks just will not have that cash to lend or even if they do that they'll be skittish about lending it of course the government may step in here and flood the economy with stimulus. Kate says that could help. In fact right now. Congress is debating just how much support to give small businesses in. Its next relief plan but for daniela. Stromberg it's just too late. All i needed was read relief. That's it so. I mean this never had to happen. That's it. i never had to happen.

Daniela Stromberg Daniela Daniele Danielle Andrew Cuomo CI Kate Waldoch New York City Daniels Government Kate Stromberg Congress
Lori Loughlin's daughter Olivia Jade on college admissions scandal: 'I was not fully aware of what was going on'

Mojo In The Morning

00:56 sec | 2 years ago

Lori Loughlin's daughter Olivia Jade on college admissions scandal: 'I was not fully aware of what was going on'

"We had the means to do something and we completely took it and ran with it. She wanted to explain because she doesn't know why. Celebrities are pissed at her. Yeah the whole thing is like do you understand why with you. I'd love to hear it from you. 'cause she doesn't know what yeah. I am kind of interested to watch this one. I know i'll recap it for you tomorrow morning. You cardi b. is responding to the haters who were calling her out on twitter over the weekend. It all started on sunday when cardi asked her followers. Spend eight thousand dollars on this purse. That she's been wanting well. People were very quick to respond to hurt the course with money pointing out that in a time when lots of people are struggling. Eighty eight thousand dollars on a purse was just ridiculous so cardi then tweeted a screenshot from an article published earlier. This year which highlighted her million dollar donation to corona virus relief efforts she replied in all

Cardi Twitter Corona
Grow and Scale to Unlimited Processing with KhaazRa MaaRanu

Entrepreneur on FIRE

05:00 min | 2 years ago

Grow and Scale to Unlimited Processing with KhaazRa MaaRanu

"Cadre say was up to fire nation and sure something interesting about yourself that most people don't know fire nation. Hello. How're you doing? So glad to be here John One interesting thing about me is that I'm really. Fun Guy I just love doing things by Tanis -ly travel at the drop of a dime I'll do anything and everything at least one time fire nation where Zesbaugh. Naty like you can't blame Cova forever. You still have to be spontaneous from time to time and I think that that is something that caused red definitely has in spades there'll be communicating over the past few weeks I feel like you're just always traveling cadre. Used to travel a lot more before this whole pandemic thing. So that bug is absolutely there unlike you I loved tropical vibes. Places A Beautiful Landscapes Yeah, absolutely. I love her brother and I also personally love your arch Merill Journey, but I want to share with fire nation now. So talk to us about Your Arch Moreau journey to get you to where you are today. Sure. Many years ago with been around for maybe twelve to thirteen years. Now Time Flies John and I started as a door to door sales. Read Right I was working at an Elementary School in Orlando Florida and working my tail off to get into like twenty eight, thousand dollars a year a two weeks vacation hoping seven thirty to three thirty at whatever time off of work and I wanted to do something they gave me more time. Gives me more time and I work hard is up. Can I do something that doesn't can't my income but I, really just wanted to have more time. I'm like you after I just WanNa sit at the beach I. Just WanNa look out the window I just want to play basketball or actually I wanted to do with my children by how can I do that and so I went online inbound a position In a one, hundred percent commission sales opportunity. before and to California wasn't successful at all initially. Because he was trying to do with the corporate way with you know the sales pitch in the book and. Corporate approach in just got turned down. At. Every business that I went to drop it right now. So you know what? Let me just Relate to people from Detroit Michigan School of hard knocks in the thing I I know how to do is connect with people. You know winner talk we're not to talk sometimes and I did that in super. Just to speed it up really quick I. had a triple my income that year a quadruple did the next year. But then I realized that what I was doing wasn't what I thought. I was doing meaning that I was selling the product that I didn't even understand myself rice. Even though I had dropped the sales pitch book, still have the spirit of that particular company in the industry itself, and that is the spirit of confusion. So you know I was selling merchant programs where the be rates were. There'd be tough with at least not by Terminal Benign, bucks you Lisa for three hundred bucks. This is especially for brick and mortar businesses. You can lease terminal could cost ninety nine dollars you can. Literally Lisa the terminal but three to sometimes a thousand dollars per month for forty eight months in into the least they do not own the machine and it was just you know even the in the way we would pitch them. It was just a real messy thing once I realized what I was doing because I had never read the contract I had never really met the contract myself. I was just starting the program. And once I realized I had to move decision it was totally against particular companies I guess goes to really client on what's really happening behind the scenes by the time decline realize what going on it was too late they were locked into. A four, five year contract with all kinds of these anti get out of it was it will require legal entanglement right with them as you have to hire attorneys go through this other stuff in its contract. So it's Kinda hard to get out of it. So. I had to make a decision to leave that company, lead all the money that had all the recurring incumbent had to. It's up deleted lead cable right and so I did that I went to work with another company and in six months I had. Replaced the incumbent Henry the other company, man those bags were not. They were robbing me and I was by taking advantage of announced robbing Murchison's basically right or Robin clients. So. Same thing had been there all of a sudden. They create money out of thin air when I say thin air veneer. So as an example, there's something called Pi compliance that every business needs to happen in particular Brigham mortar businesses by you don't necessarily. Do but something healthy you it helps protect

John One Lisa Your Arch Moreau Zesbaugh Cova Elementary School Basketball Henry Orlando Florida Detroit Michigan School Brigham Murchison Robin California
Model S Price Cut, X Range Increase(?)

Tesla Daily: Tesla News & Analysis

05:37 min | 2 years ago

Model S Price Cut, X Range Increase(?)

"Everybody Rob our here, and today we were talking about a price cut on Tesla's model s an update on the full self-driving rewrite an SNP credit rating upgrade some news out of China India that a couple of other topics as well. We'll start off with the price cut tesla today the US lowered the base price for both the long range and the performance version of the Model S. by three thousand dollars meaning the starting prices dropped from about seventy five, thousand dollars before to about seventy two thousand dollars now and Tesla has similar. We cut the price in China for the mile s by about three percent I don't believe. It has been updated in Europe but all the pricing those markets are different. So let me know otherwise if it has changed in your market this is the second Prescott on the Model S. This year following a five thousand dollar price cut on the vehicle back in May, which also applied to the Model X. at that time. Interestingly, this update is only for the model s not the Model X. That means the base price spread on both the long range and performance versions of these vehicles is now eight thousand dollars I don't think this is terribly surprising given. The fact that we are now in Q. Four and Tesla does still. Have a shot at hitting five, hundred, thousand vehicle deliveries this year but it's GonNa take every single vehicle to do that I, think and on the s next combined unfortunately, tussle doesn't break those out individually anymore. But on those two vehicles combined they have been producing and delivering under the capacity Tesla in their queue update letter said that they had a current installed annual capacity out of Fremont for s and x combined and ninety thousand per year. That's twenty, two, thousand, five, hundred per quarter but tesla hasn't delivered more than twenty thousand as next combined since the end of twenty eighteen excluding the first two quarters this year due to. Production Shutdowns Tesla's at that point in time has averaged production of around sixteen thousand s annex per quarter. So they certainly seemed to have some additional capacity and that should be the case for batteries as well because these used the eighteen sixties from Panasonic, in Japan, which have previously accommodated s an extra rates around twenty, five, thousand per quarter in Q. Three, tesla produced around seventeen thousand ax in our previous conversations about potential Q. Four production. I just held that study at seventeen thousand I. Now think that will actually increase this quarter q four is naturally a stronger quarter for automotive demand tussle now, early in the quarter stacks this price. Got On top of it, and we also had the Plan Model S. announced at battery. Day? Which I think could have removed some doubts for some buyers that may have been waiting for battery day in anticipation of potentially other updates to tussles lineup. So I think you for should be pretty solid for model s and not to be outdone entirely by the model as we may actually have a range update for the Model X. DMZ member cold weather e. v. last night posted an update that they had just taken delivery of a twenty twenty one then model x. and they were surprised to see that on the monroney sticker which. Is that sticker in the vehicle comes with all new vehicles and has things like efficiencies migrating, and one of those things is EPA rating this person will surprised to see that the EPA rating for Model X. was three, hundred, seventy, one miles that is higher than the previous rating of three hundred, fifty, one miles of range, which is what tussle still lists on their design studio. So we'll have to wait and see if we hear this from more people obviously this just as one source at this point in time, and this user also does say quote I haven't charged to one hundred percent but when extrapolate my current state of charge? percent two miles, it should give three hundred and fifty one miles at one, hundred percent and quote. So maybe it is still three hundred, fifty, one miles or maybe the software just hasn't been updated for this new version yet I think the latter is more likely but again, we'll wait and see this would be five point seven percent increase to range, which I think brings to mind a couple of things. We earlier this year had a similar increase in range to the Model S., which took it from around three hundred eighty at remember the exact rating up to four hundred miles per charge. But when that happened the Model X.. Actually, stayed constant. So this could be the X. catching up with those s updates previously, or we do also know that Panasonic has been working to improve energy density in Nevada by about five percent five plus percent. So maybe they made more changes to the eighteen six fifty's that supply the model x. from Japan, and then maybe those new cells would be adding this five percent plus range. If that were the case we would expect to see this also happened in the Model S. probably. So anybody that is taking new deliveries of either the or the X. Please take a look at what your monroney sticker says and let us know. Next up, we have an update on Tesla autopilot rewrite Alon on twitter yesterday said Quote Limited Fasd Beta, releasing on Tuesday next week as promised. This will at first be limited to a small number of people who are expert and careful drivers and quote we last had an update on this about a month ago when John said quote releasing private Beta in two to four weeks public. Beta. Centers opt in four to six weeks after that. Then all US Tesla owners mid-december above schedules contingent upon not encountering major unexpected setbacks and quote. So this new tweet, it's a little bit less clear on which step or in if it is that I private. Beta. That he on his talking about here or if it's that limited public Beta for early access owners but to me, it does sound like that first. Step of being a private Beta. So that will come out next week one week from today on October twentieth. Apparently, if that's the case, it's about a week and a half out from that previous timeline but I think everybody can be pretty happy with that. If we extrapolate from that same timeline before using these new dates, we'd be four to six weeks out from early access, which would put a day range for. That from November seventeenth to December first depending on how wide this initial releases that early access program update that might be the first time that we actually start to see youtube videos and things of the sort pop up for the new rewrite though it is possible that we may see some of that as early as next week.

Tesla United States Panasonic Japan Europe China EPA ROB Youtube Fremont China India Prescott Monroney Twitter Alon John Nevada
How I Used the Principles of Minimalism to Make $8,000 by Emma Scheib

Optimal Finance Daily

04:47 min | 2 years ago

How I Used the Principles of Minimalism to Make $8,000 by Emma Scheib

"How I use the principles of minimalism to make eight thousand dollars by Scheib of simple slow lovely dot com. If you told me a few years ago that minimalism or simple living would lead to generating money. I would have laughed away of living helping generate income sounds too good to be true. and. Right now, you're probably wondering how I'm going to spin this and if it's actually as good as it sounds right. Well from one skeptic to another I, invite you to open your mind to new possibilities. Let go of preconceived ideas about how making money should look which for most people looks like being employed and let your imagination lead you because I believe that when you let go of clutter both physical and emotional and embrace freedom, there were many opportunities for your finances to benefit. So here we go. Let's break it down. Making money was a byproduct. I never set out to use the concepts of minimalism to make money. My pathway to simple living was forged through many years of living in the land of busy and overwhelmed. I chose to slow down and simplify, and one of the consequences was an opportunity to make money. It didn't happen overnight. I spent a couple of years emptying my home of the things that I didn't need anymore drawer by drawer box box. That's the only way I got there. There were many times that I wished the process would go faster, but it just didn't work that way and going slower allowed me to apply and environmental mindfulness to the process. As ID cluttered and simplified I gained freedom. When I got to a certain level of empty a few shelves here and there a barebones closets I began to dream of things I'd previously deemed impossible. For instance, a family sabbatical overseas seemed a little bit more doable less to pack less to store less work to prepare for. Okay. Okay. Enough Preamble I'll cut to the chase for you now. Making the money. So. How exactly did we make eight thousand dollars as a byproduct of choosing to live more minimally. We were able to rent our beautiful home over the summer. We live in a beautiful part of New Zealand with the best, beach in the world only seven minutes drive from our home. It's a sought after location for New Zealanders and many foreign tourists to we'd heard of other people renting their houses out as holiday homes and knew that it could be a profitable venture but laden down with four too many possessions. I never seriously considered this as an option for. Making money the preparation to get the house ready would have been absolutely enormous and completely unattainable when I left my fulltime job to set about restoring sanity and balance to our house. We knew that renting our house out would be a great option to help replace a bit of my income, and by the time we decided to go ahead and advertise I had a couple of years of decluttering under my belt. There was still work to be done, but it wasn't overwhelming and having an external goal to hold me accountable helped to push through some of the harder decisions about what state or got donated I'll be honest with you though we do not look like minimalists are home does not have that scandi minimalist look. We still have stuff. We still have excess stuff. In fact, I'm often embarrassed if anyone sees her garage, but it's one hundred percent better than it was three years ago. So. Now, let's talk about how minimalism might help you make some money. How could minimalism help you create extra income? Sell items. I sold a few things but donated most I was already pretty time poor. So I decided on the more efficient way to purge items. But if you have some extra time, consider at least selling your bigger ticket items but also you might hold a garage sale or list your things on a local facebook garage sale page the excess items you no longer want could translate into hundreds of dollars if you want them to. Buy less. Put yourself on spending ban and save the money you might have spent. You might be surprised how much you spend each month on non subsidies? Yes. I'm talking takeaway coffee makeup homewares, etc. Check out the year of less by Kate Flanders for more inspiration. Do what we did. I highly recommend considering renting out your home for a period. It won't be for everyone, but you may not know until you try. But also if you aren't quite there yet you could consider using the extra time you have by not having as much to clean organize and maintain to earn a little extra money on the side. Perhaps you have a creative pursuit that you might be able to earn some money from free up your time, and this could become a profitable reality. I get that many people do this they rent their whole house or part of it without identifying as minimalist or a slow living advocate. But I'm giving this way of living full credit for being able to take this opportunity. I'm so thankful that I'm on this journey to simplify and slow down it's not always easy but there are always hidden gems along the way.

Scheib New Zealand Facebook Kate Flanders
How to Not Have a Lost Decade

Money For the Rest of Us

04:13 min | 2 years ago

How to Not Have a Lost Decade

"Welcome money for the rest of this is a personal finance show on money how it works how to invest it and live without worrying about it. We host David Stein today's episode three, fourteen it's titled Don't have a lost decade. Recently, got an email from a new plus member. He says he's treating the material on the website like an online college course but he had a question he wrote that he's approaching a crossroad in his life and he would like to prepare himself for that crossroad. He works at one of the Best Public Gardens in us as a horticulturalist he's been there three years makes forty three thousand dollars per year has four weeks of vacation full healthcare and Hsa they have a four zero three. B. Defined contribution plan where he gets a six percent match his boss enjoy working with him and he enjoys his job. This member also has his own business, a lifestyle business providing premium horticulture services for high end properties. He started in two thousand nineteen gross four thousand dollars and anticipate grossing twelve thousand dollars this year he has no debt. The only thing he owns he says, that is worth. Any money is an old pickup truck that's worth about three thousand. Is roughly eighteen thousand, five hundred dollars in his defined contribution plan and using the online tools on money for the rest of US plus. That, he's on track to retire in his early sixties. y'All says about two thousand dollars in a savings account pays two percent and about fifteen hundred dollars in a wealth front Robo Advisor. Account. He's living on about eighteen to twenty thousand dollars a year. After contributing to is defined contribution plan and health savings account, he brings home about twenty, eight, thousand dollars but that doesn't include is overtime bonuses or the work in his business. After taxes and contribution he estimates that he's bringing home about thirty, five, thousand dollars with everything, which means potentially he could save fifteen to seventeen thousand dollars per year and certainly ten thousand dollars per year. He writes for the first time in my life I'm not living paycheck to paycheck am planning for the future. The business I own. Now as a hobby passion, I turned profitable. It has been a great space for me to learn and have done a lot of just that but it ultimately is a glorified landscaping business. What they really want to own is a retail nursery that one day will become an event, an education centre as well. I turned thirty two months. I thought at this point I would go beyond an entry level position. I thought I would own my own house and maybe own a business full-time. Those goals seem so far away. The question I want to pose to you is, how do I get from where I am today to owning a five to ten acre property that can use to develop into my next lifestyle business as soon as possible Had An additional investment question that address in a few minutes. I he's not in an entry level position. He is a master, her cultures he's studied it. He learned a lot of those skills working at an organic farm and Tasmania. Got, his university degree. He was admitted to a professional horticulture program at the Public Garden where he works, he is very, very skilled in all aspects of landscape design and gardening. and. There are a lot of people that would be very envious that he has his amazing job working in horticulture and one where he can listen to a lot of podcast which he does. In order to answer question I want to compare to couples I know I've known for about a decade. This particular members approaching thirty. He's looking out over the next decade. What has to happen so that he doesn't have a lost decade and can reach goals I'm positive he can reach his goals.

David Stein United States HSA Public Garden Advisor GOT Tasmania
CDC directs halt to renter evictions to prevent virus spread

AP News Radio

00:45 sec | 2 years ago

CDC directs halt to renter evictions to prevent virus spread

"Hi Mike Rossi a reporting the trump administration moves to stop evictions of writers dealing with corona virus hardships the centers for disease control and prevention acting to prevent the spread of covert nineteen has issued a directive halting evictions of certain renters through the end of the year to be covered through the executive order renters must meet four criteria couples must have income of one hundred ninety eight thousand dollars or less and the threshold for single filers is ninety nine thousand dollars renters must demonstrate they sought government assistance to make rental payments they must declare they are unable to pay rent because of Kobe in nineteen hardships and they must affirmatively declare they are likely to become homeless evicted disputes between renters and landlords would still be resolved by local courts Mike Rossio Washington

Mike Rossi Kobe Executive Mike Rossio Washington
July Mailbag with Jason Moser

Motley Fool Answers

44:21 min | 2 years ago

July Mailbag with Jason Moser

"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I

IRA Jason Moser Google Chris Hill Brian Feroldi Canada Starbucks Warren Warren Buffett Twitter Toronto Alison United States Muny Bond Brazil Alex
Talking Politics From the Island Colony of Puerto Rico

Latino Rebels Radio

04:12 min | 2 years ago

Talking Politics From the Island Colony of Puerto Rico

"Are the biggest word of the biggest shit? Show political stories that have happened in the last week because I can't take it anymore, so this has been. The most! Difficult. For your terming in our lives, I'm sure we've. We've gone from triumph to tragedy. Afrim scandal those canned also right now it seems. Every week we have a meal either. Investigation, or or sweetheart, deal or stupid mistake that the completely unexplainable, except for massive massive incompetence, and the though this we're talking about State route. On statement who was visited by agents early morning Wednesday. Apparently. She's she's She's got underway I like we don't hear. She's basically it seems she gives out contracts to employees onto. Thinks a card i. mean that's what the MOGO practicing. And the thing is that. It's kind of business as usual. No Right Jonathan Subtlety Impo. That happens all the time. This is what why are we surprised? It's touch our ED right. She is a controversial. Controversial how do we say? How would you describe that traveled near Jonathan while you talk about this? It's like this is suburban severed the. Laser island that it seems on the couple months. She says being liked be within his herself. to some issues, but as she kind of we bought the mice skier, actually the the more Broder's, if bosses that they hey care because of the excuse evangelical. She's anti gay show. She's like she quotes God right she she has. And then what I love about it. GWEN! where she she then tweeted out like all these curse words. Like. How Serious Jonathan? How serious is what are? What are people saying about the FBI? Bud. She slept our house in the in the. so the s that is seems that they are behind some things that they think are related to the mayor of combine your that is a small, little city across the bay in San Juan are. That is a superstar rising star on on the BNB but for some reason these investigation on the other of the information that is out. From there Friday is he's that from some recent. His spouse the floors. First Lady First. Lady I liked this. This is so this, is so he? Can Politics continue ask? For some reason west. Giving a concert I'm unemployed position on agency bus. Down for on the stockade with. In it so. We don't really know why. We were paying like eight thousand dollars right monthly for these person to give service on other Ranjha government, because these that is it the same thing The counter was given out on a on AMC that public operation, but for some reason they vendor rule and she went on to the legislators. Murray very I don't know that. Happens all the time so pass. This is the part where I wanNA. Know. Like poly. Bureaucracy. God level like. It's a game. It's game of your own like it's been going on

Jonathan Subtlety Impo Broder Mogo FBI San Juan AMC Murray Ranjha The Counter
Miss Jessie's Haircare Co-Founder Miko Branch

Breaking Beauty Podcast

02:54 min | 2 years ago

Miss Jessie's Haircare Co-Founder Miko Branch

"You mentioned your sister. T T, so you guys decided to open a salon in one, thousand, nine, hundred ninety seven. Is that right? And how did that come about? She came right agent. She was a field producer eyewitness news in New York City. She left her job and she decided to be become an agent for creative artists, so she had one in the house, and that was me I was a hairstyle, and she didn't have much luck with her other creative artists, but ironically she had. A lot of luck. When she started representing me and she landed a job for me at Ashley Stewart, and I worked for one week, and with one week's worth worst I made eight thousand dollars. And Yeah so with the money that we've gotten from that. Ad Campaign, Tiki in ice splitter I I might have gotten a little bit more Tiki, but we were still in the minds of being sisters, and then that's when Tiki said you make. Let's get out the house and take this money opener salon and it was the scariest thing because I was really comfortable doing year in the house, but I always let my sister lead within the sister relationship. NTT was right again, so we opened up our first to chair salon in the form section of Brooklyn, and that was the beginning of our of our career in beauty. Beauty Business. What was the VIBE on your block? In Brooklyn back then it must have been so different rookies in business. T deny. Make some bad this decision than we didn't. We didn't get a chance to stay downtown very long. I think we stay downtown, maybe a total of three years and then We got kicked out of our salon. We made some bad decisions. And Luckily we bought a Brownstone in the BECKFORD stivers effects of Brooklyn, and we had to refuge there and bring our business there. That was part of open that was really really at time, not thought of or was not known as duty capital. Or we asked our customers to come and take the a train and get off at knowstone avenue You have to understand getting off at notions. Move back in nineteen, ninety nine. It was a bunch of music blasting a resilient people a lot of street vendors. It was just taller than five in. Downtown Brooklyn. Many people actually didn't want to come, so we lost a lot of customers, so Tiki and I just kind of took it back to thinking box, and luckily it was vast pine with my son, because I was a single parent. At the time I realized that I could no longer wear. My hair styled straight. had to embrace the curls, and that's when the conversation started between us and our handful of clients that were left that were willing to come to get the here done in the hood, which was known of. Goodstein. DOOR DIVE

Brooklyn Beauty Business Tiki NTT Ashley Stewart Field Producer New York City
Domestic travel incentives could be coming to the US

Bruce St. James and Pamela Hughes

01:13 min | 2 years ago

Domestic travel incentives could be coming to the US

"Work yeah it should've mixology we introduce the what it's called the American trip back to incentivize domestic travel giving individuals a four thousand dollar tax credit to take a vacation that has to be at least fifty miles away from your home now couples joint filers would get eight thousand dollars plus an extra five hundred Bucks for kids so you know if you're a family of four that's nine thousand dollars to take a vacation XLE is also hoping this would boost the tourism industry that was ravaged by the pandemic and all we have here is on a congressman Andy Biggs noted fiscal conservative on this morning to ask what he thinks about this as well as the apparent likelihood of a second stimulus package president UP was talking about yesterday if you think too much in taxes we were stimulating the economy by either giving a credit or a refund may be willing to use lower taxes overall and allow everybody to enjoy a lower tax rate more money in your pocket that way big says each person can decide how they want to spend that money instead of having a designated by the feds so it's it's the tax credit you for the vacation you wouldn't be getting a check to take a vacation it's one of those where you would get the money kind of like asco right right you get five hundred dollars and you get it back so that's how it

Andy Biggs President Trump Asco Congressman
Self-Quarantine Violator Gets Four Months In Jail

BBC World Service

00:40 sec | 2 years ago

Self-Quarantine Violator Gets Four Months In Jail

"A court in South Korea has sentenced a twenty seven year old man to four months in prison for repeatedly breaking carreteras quarantine rules is the first conviction of its kind in the country Laura Baker reports the man who's only been identified by his last name Ken was asked to self isolated home for two weeks after coming into contact with covert nineteen patients he was caught leaving his house just two days before his fourteen day quarantine was due to end he was taken to a residential center but was once again caught trying to leave the maximum penalty is one you can present what a fine of around eight thousand dollars the court sentenced him to four months in jail

South Korea KEN Laura Baker
IRS sets deadline for relief payment by direct deposit

AP News Radio

00:43 sec | 2 years ago

IRS sets deadline for relief payment by direct deposit

"Hi Mike Rossi a reporting the deadline is coming up for submitting banking information to recieve an economic impact payment by direct deposit if you're eligible and haven't received an economic impact payment from the IRS yet and wanted to be directly deposited to your bank account the clock is ticking the IRS and treasury department say noon Wednesday is the deadline to enter banking information on the IRS website the IRS says used to get my payment tool on its website to provide direct deposit information otherwise you'll have to wait for a check any US citizen with a valid social security number who makes under ninety nine thousand dollars or married couples who file jointly and earn less than one hundred ninety eight thousand dollars we'll get a payment Mike Rossi up Washington

Mike Rossi IRS Washington Treasury Department United States