35 Burst results for "Eighty Thousand Dollars"
AP News Radio
Federal judge tells lawyers to pay in US election fraud case
"A federal judge has ordered two lawyers who filed a class action lawsuit over the twenty twenty election defeat of Donald Trump to pay the attorney's fees for the defendants the lawsuit now dismissed allege the twenty twenty presidential election was stolen from Donald Trump and that elections officials in four states Facebook and dominion voting systems were responsible a federal magistrate ruled in August attorneys Gerry D. fielder and Ernest J. Walker should pay penalties to the defendants and is now ordering they pay another one hundred eighty thousand dollars in attorney's fees U.
The $100 MBA Show
Why You Should Invest in Video Marketing
"Before we get into why you should invest in video marketing. I wanna i just bust some myths alana. People don't get past their preconceived notions of oh. I don't have the talent. I don't have the equipment. I don't have the expertise to shoot professional video and be a video marketer. The top tick talker in the world. Right now is a young man named copy. Lame shoots most of his videos with this phone. Half of his videos are not even his own content. he's reacting to other videos. He makes jokes. About how people over complicate things or gimmicks or devices that make no sense. And he's got ninety. Seven million fans on tick-tock. It makes something between fifty to eighty thousand dollars up host and he doesn't say a word on his videos. No script right. No fancy equipment. No huge pre-production budget. Nothing okay. he just puts out valuable content. And that's valuable to build entertaining. It's fun you found his niche and went all in but more importantly he found a growing trend which is video marketing video. Marketing is booming. Like crazy right now. All the top social media platforms are investing in video for reason whether it's instagram whether it's facebook doing facebook lives and facebook watch linked in getting into video. Of course. tick-tock is all video and it's the number one consumed type of content on people's mobile devices. People consume video more than any other content more than texts like blog posts more than audio podcasts. More than anything. And i'm here to tell you don't sit out on the sidelines. When something like. This is booming. The market a lot of money is going to get pumped into support it whether it's at dollars whether it's technology trying to make sure these videos are found like search engines whether it software to make it easy to produce this content the point here. Is that your work. Cut out for you. It's easy now to be successful video. And whatever you're comfortable with you're able to do so you don't have to be a comedian. You don't have to be a talking head meaning that you have to be on camera and be talking to your audience directly. You're gonna have video marketing working for you without you being involved in fact we've been doing this to really scale are video marketing. I can't shoot and be featured in every video that we have for our businesses so instead of you trying to be the expert just put your product in front of
The Eric Metaxas Show
"My Son Hunter" Will Be a Comedy - Because Hunter Biden Is so Ludicrous
"One thing we didn't. We didn't brian the guy. Sorry another movie called the war and all wars no. I just wanted to give him his. We definitely helped with. He is the prince. Find the writing on one thing. We did save. You know county preachy. Account be Telling people think it has to just tell the truth has to be funny because as you say it's so tragic will be funny. Oh it's just gonna be awesome The situation is ludicrous right. The situation is a joke. That drug addicted crack smoking at some of the vice president gets an eighty three eighty thousand dollars a month contract with ukrainian and gas company. He has no experience in oil and gas. By the way. I thought were also be going green now. Also as a guy who was part of one point two billion dollar chinese investment fund. This guy who who even got a gift of one hundred thousands of a chinese business eighty five thousand dollars damage breaks. It's a joke right so we have to make a joke and so and so. That's that's what we're we're gonna. It's gonna be
Democracy Now! Audio
"eighty thousand dollars" Discussed on Democracy Now! Audio
"What's in it for me. Buddy you stop talking about rican drug. We stopped talking about saving the patient. Will you stop talking about the science and will you please tell me what's in it for me because you're wasting my time. Those are the reds those are the doctors you wanna find and those are the doctors you wanna move in livy and breathe perhaps perhaps the best argument for medicare for all i've seen But alex gibney if you can talk about who alec burlakov is. What insists is it. You start with purdue pharma the prototype of all of this in expand to other drug companies. Well instances a company that was selling a product called substance which was a spray where you would spray fennel in small quantities underneath your tongue and it would help to alleviate pain but alec birlik offers a salesman actually was rather high up at at insists in terms of sales. And they're using the playbook that purdue kind of initiated but taking to a great extreme so that it's all about the money and it's all about trying to find either corrupt money hungry or other You know doctors who that becomes your business model to look to those people to enuma to compensate them for being speakers to promote your drug but really a when it came to insist they actually had a return on investment of flow chart. So that if you got forty thousand dollars for a insists as speaker you had to prescribe at least two times that amount or they cut you off and explain. As saying speaker quotes in other words. It's legal to pay doctors to to speak on behalf of a drug but but in this case so so in other words to go out and talk to other doctors about how great this drug is. The problem was that they weren't really speaking. I mean they were just pay the money and they would go and have dinner and maybe talked to a couple of people but it was really a quid-pro-quo it was just a bribe. We'll give you forty thousand dollars. Provided you prescribe eighty thousand dollars of insects and they would encourage them also to up the dose to titrate up because the The more you increase the dose the more money that instances making i mean it's just a you know you see in alad burlakov exactly the argument for medicare for all because you have these terrible incentives where the incentive is not to cure the patient. The incentive is to just make as much money as possible. And i. I can't recall anything in the hippocratic oath. That had anything to do with supply and demand but but by the time you get insists of riffing on the perdue formula. It's all about the money so i to go to another clip from the crime of the century. This is gary blinn talking about how he was given fifty oxycontin.
Democracy Now! Audio
"eighty thousand dollars" Discussed on Democracy Now! Audio
"What's in it for me. Buddy you stop talking about rican drug. We stopped talking about saving the patient. Will you stop talking about the science and will you please tell me what's in it for me because you're wasting my time. Those are the reds those are the doctors you wanna find and those are the doctors you wanna move in livy and breathe perhaps perhaps the best argument for medicare for all i've seen But alex gibney if you can talk about who alec burlakov is. What insists is it. You start with purdue pharma the prototype of all of this in expand to other drug companies. Well instances is a company that was selling a product called substance. Which was a spray. Where you would spray fennel in small quantities underneath your tongue and it would help to alleviate pain but alec birlik offers. A salesman actually was rather high up at at insists in terms of sales. And they're using the playbook that purdue kind of initiated but taking to a great extreme so that it's all about the money and it's all about trying to find either corrupt money hungry or other You know doctors who that becomes your business model to look to those people to enuma to compensate them for being speakers to promote your drug but really a when it came to insist they actually had a return on investment of flow chart. So that if you got forty thousand dollars for a insists as speaker you had to prescribe at least two times that amount or they cut you off and explain. As saying speaker put quotes in other words it's legal to pay doctors to to speak on behalf of a drug but but in this case so so in other words to go out and talk to other doctors about how great this drugs. The problem was that they weren't really speaking. I mean they were just pay the money and they would go and have dinner and maybe talked to a couple of people but it was really a quid-pro-quo it was just a bribe. We'll give you forty thousand dollars. Provided you prescribe eighty thousand dollars of insects and they would encourage them also to up the dose to titrate up because the The more you increase the dose the more money that instances making i mean it's just a you know you see in alad burlakov exactly the argument for medicare for all because you have these terrible incentives where the incentive is not to cure the patient. The incentive is to just make as much money as possible. And i. I can't recall anything in the hippocratic oath. That had anything to do with supply and demand but but by the time you get insists of riffing on the perdue formula. It's all about the money. So i wanna go to another clip from the crime of the century. This is gary blinn talking about how he was given fifty oxycontin.
Everything Everywhere Daily
"eighty thousand dollars" Discussed on Everything Everywhere Daily
"Athlete. You can make an astonishing amount of money just to give you an idea. The top athletes in their respective sports. Assuming they're popular sports can have net worth in the hundreds of millions of dollars if not billions of dollars. The money comes not just from their salaries or competitive winnings but also from endorsement deals determining the net worth of athletes is notoriously difficult as they are under no obligation to disclose their financial status and no one has any clue what they spend or the status of investments nonetheless using the best estimates available. There is one bona fide billionaire athlete. And that is michael jordan. He made the vast majority of his money off. Endorsement deals primarily with nike and via investments primarily his ownership of the charlotte hornets also close to billionaire. Status are tiger woods and soccer players. Cristiano ronaldo in lionel messi as well as boxer floyd mayweather those over the half billion dollar mark. Include lebron james roger federer many phil mickelson and lewis hamilton. Almost all of the names. I listed are either active or competitive in the last twenty years. Ultra rich athletes may seem like a very recent phenomenon. The first athlete to be paid a million dollars in a single season was nolan. Ryan in one thousand nine hundred. He signed a four point. Five million dollar contract for four years with no incentives that same year. Dave parker signed a five year. Five million dollar contract with incentives compare that to lionel messi who in two thousand seventeen signed a contract worth almost six hundred and seventy five million dollars for four years. The first one hundred thousand dollar athlete was a baseball player named hanne greenberg. Nineteen forty seven in one thousand nine thirty babe. Ruth had a salary of eighty thousand dollars. And the president of the united states only had a salary of seventy five thousand dollars when it was pointed out that he made more than the president. He replied quote. I know but i had a better year than hoover unquote. However if we go back far enough i mean really far we can actually find a period that also head also wealthy athletes and that of course is ancient rome. The biggest sport in ancient rome wasn't gladiatorial games. Despite the fact that they're what get the most attention movies they were popular to be sure. But the number of spectators that could sit in an amphitheatre like the coliseum was very limited and given the nature of the activity. You couldn't really do it every day. The big sport was chariot racing. Chariot racing was huge and in rome itself. The primary venue for racing was the circus maximus which could hold a quarter of a million people. You can still see where the circus maximus was located today and you can still see line.
TechStuff
How Did WarnerMedia Get Its Start?
"Today i thought we'd start down the road to talk about the various companies that make up warnermedia kind of unravel it all and this is going to be a heck of a story because it includes several influential media companies that had their own distinct histories before coalescing into warnermedia includes companies that are not media companies at all like funeral homes for real now when i say complicated. I'm not kidding. Our story includes a window washing company. A parking company an online service provider company Few magazine publishers. And more there are mergers and acquisitions are spin offs. There's family betrayal and lots of other stuff. So where the heck do i get started. Why suppose. I should talk about the core components and then work to the point where they all come together and i could start pretty much anywhere because there so many different pieces to the story. But i'm going to begin with time because it's on my side. Yes it is henry. Loose and briton hadden. Had a lot in common. They both attended yale. University they both worked as reporters for the baltimore news and both of them were in their early twenties back in nineteen twenty two and they also wanted to try something. That was a new idea. Newspapers were thing obviously but loosen. Hatton had the idea for a news magazine. They decided to try and create one because no one had really done it before. And they raised more than eighty thousand dollars which was a princely sum in nineteen twenty two and they quit their jobs to found a company called time inc and a magazine called time it would publish weekly starting in march of nineteen twenty-three loose served as the business manager for the young publishing company and hadn't was editor in chief and together. They found success with this weekly magazine. Format
Elliman Daily Podcast
"eighty thousand dollars" Discussed on Elliman Daily Podcast
"Is a conta- leap in is a big jump. Production is a big jump. Also in you know a lifestyle for example having even example let us go right to to next episode against see better than just talking about. I've applied his name is main on. He's in so less to you in twenty may not be fantastic even those seattle window with covid alday harassed and all the the situation so may not come to me my friends. He was doing about nine hundred eighty thousand dollars in gross commission so he was already doing docs and he's being peaceful visas over ten years in he came to me. He said coach. I wanted breakthrough. I being a million dollars mark time. Not a bad place to be. Miami was not the best place to be. He sat to come stock. I had many coaches already being those mark. I'm going to have a be gormley. Born have a breakthrough in wanted to be massive. However i wanna have also a better life on time with my family. I wanna have more time with my wife and my daughter also is it possible said is this it is possible. The right mindset strategies and the issues in place and in the tactics so we reviewed his team much. Let everybody go peter because if some people was not the right people bus we rebuild his team so i took him from nine hundred eighty thousand dollars in one year to two point three million into seattle in one year. When you even call it even without the lockdown. So how do we do that. We met we force we upgraded his mindset. Some vital downshift believe in singapore civility. That he could double his business at the women. Are those mark because many. yeah well. Let's stop right there just for a second because i want to emphasize the fact that most people's belief systems is that if he goes from nine eighty two point seven or whatever that number was you said to five. Whatever that you're gonna lose your life you're going to have less time with your family. You're going to have a you know your balanced and bought a wack so mindset is critical right. You have to believe it is possible that you can have every social. Yeah and that's what we did first of all case to have the paradigm shift. Hey i can't run this business business. I can be a millionaire in still alive. So he not only then avid points me but he gets five reunifications. He took finally toss you. This guy drives someplace. Take a break as we knew the team will rush lodging place with got the right people in the boss and He he got even a puppy. He spent time with his family. Got only bobby bought a home for new home so this year. So just got spire guys because exciting of beautiful. Friday somewhat is fired as this year his goal is to do about three million dollars so his teams reducing meanwhile he was to sell the same amount of homes vida but he wants to have more time so he already went one week in hawaii. He took forty days off already in went to the caribbean in the teams producing the teams producing because the systems in place. He's in stablization. He's i know if you know the six level business he's action so the teams walking. He's almost in mastery the team. And everything's walking even if without him doesn't excessive it makes it make sense but i'm sure a lot of agents are thinking i'd like to be honest. I sound awful five most ready so anyways is what you want. Some people just want to say okay. I'm doing a million dollars. My breakthrough is can. I do a million dollars. Each winning in days mindset so mindsets critical. I hate to just like bumps along because we can always bring you back. Let's move to strategy. Now you know what strategies or what is what how does strategy come into this conversation greencastle so they might set you know spotted on shift the ready of the mindset strategies we implemented the eighty twenty friend. They eighty twenty rule. Whether mies van edem sounds of your day doing activities that moves the needle doing that to the moosonee. It'll do that. That generates cash flow doing tvs. That makes your client's happy that produce visits because you don't have as of your company and by the way that's a great shift that we do to is going from the mindset. The broadly to the myself will so as we lamented. Strategy stating the time energy doing having conversations setting appointments and doing the presentation Presentations advise presentation in negotiation. So eighty percent of your day. My friends adelson ability. It has to be in a tv. Abuser business twenty percent arrest so what is their eighty percent new generation followup outside so lesion originally foul up i want to. I will qualify a bright there because the super boston's in the middle of them so racially follow and then going presentation of three want their knees superstition vice presidential showing homes in the slides negotiate. Eighty of your day should be doing this any release their breast. What does the rest marketing staffing. D your staff servicing the business that you already have talking to your selous listings stock into the buys who have already shop wanting to show mocking staffing recruiting training makes s. So they may have been. You're speaking to your. You're like right out of it. I'm tracking with you perfectly. Eighties lady Helping should be called the seal in business mosley strategically another thing another vital report a strategy in with texas. Our righteous now is having five lead sources. Sometimes that is ultimately responsible that you know that this is my top five source in my database. My phone michael. I need my social media. Might for surveillance once fired. Meanwhile five of them more the better who have seven is wonderful. I rather have sat on the medical side and you have a system for one of them in the happen. It happens if you quarter if if we use what. I always step one two three four five years for stephen vary detail simple so he can scale up. If it's complicated is not going to happen of execution by we know that is complexity so simple step by step of your five sources. I guess set about this second. No i think everybody is hearing you because they wait. We talk a lot about your we call it like the five dollars or whatever you call it the outright but having the the sub steps to that and then having your systems and organization a place to these things are just happening every single day every single week every single month every year. I gotta generate huge results. I think what happens. Is people shift from one colored or the other on organized a work on this. They work on that. they don't have they. Don't have that like mechanical procedure. That just drives things his consistently throughout the weeks and and so on so also. Because i think it's so important. I'm wants.
The Manic Pixie Weirdo
"eighty thousand dollars" Discussed on The Manic Pixie Weirdo
"I always in collin county. I did not have a great experience. Now i get it. You know jails not supposed to be. I'm talking about low level. The things that i saw i was just like. How is this allowed like. It's just so blatantly obvious and one of the things that happened. I've said this. Before was. When i was going to four hearing in front of a judge the judge was talking to the prosecutor. And saying you know and bay the bailiffs. They're like. I'm there my attorneys there. You know everybody's there and the judge and the prosecutor dislike having this casual off handed conversation where the judge is basically like. Oh my god. I had to sell like the corvette And so now. All we have is the mer something like that. I don't remember the exact words but it was something like that. And i just remember thinking like i should you be. Should i be here. Should i be here right now. Like listening to this. This feels like a conversation. You shouldn't be having any open. And then the judge continued and proceeded to say something along the lines of you know. I just had to pay eighty thousand dollars for my son's first semester of college. Now those do things together or awful. Okay one no public figure of any kind should be making any should be making that much money like should. There's no no no no no no no no no stop it but you're clearly very clearly this guy's on the take like very clearly second of all. It doesn't exactly inspire confidence in your abilities to like. Do your fucking job Being an impartial judge. That is when you're all very obviously grabbed his book. You're also not very smart because you decided to spend eighty thousand dollars or close to eighty thousand dollars on a child's first semester of college. That's a really bad financial decision. Like i don't know who told you. That was a good idea or wire doing it but that seems stupid. Play gets just dumb. So that's fun on like so but that's the entered and everybody knows like everybody in collin county knows that like this is this is just how it is because they have to because they want that money. also The calling county. Jail is a private jill so as the dow so is dallas county both dallas county and Collin county jail our private. Jails private housing facilities That's a episode for a different day. We'll figure that out later but anyway so like that's the energy that these police officers here arrested. Marvin.
The Shawn Harvey Morning Show Podcast
"eighty thousand dollars" Discussed on The Shawn Harvey Morning Show Podcast
"Will do right there. that's the guy. He's not tolerated sense. God bless your heart. So real man cox pause blackhawks. That's a real man towery. Whatever his girl make him do right by building. Hey eric real mid one in that chat room. Hey eric you a real man with a strong back like harvey put it number one in that chat room. Let's go. He gets shot in his means. Go ahead carry on. Johnson is here all of his. Because my that. Can i go to like a regular doctor like i said you utilize can i. Can you give me a referral to your guy because you guys remember from last year when i was running that one day. You're not you're not. You're not utilizing your your state Benefits from the state of pennsylvania. Off your that's how you smoke. Piece i smoke. Pcp raw this week are like next. Big gave no from the state of pennsylvania. This time the euro but just flared up just started and now i can't sit for a long period that locks. Thanks you locks up like damn. That is not sexy. Well listen you gotta do. You gotta take advantage of these state benefits later on today. Stimulus check because you're make eighty thousand dollars a year looking crazy in these streets. A hundred take you. There is some eighty thousand dollars wrote his. Some people said they were getting partial. Think harsh on me either. Six hundred if you get if you qualify for this hundred you get six hundred essentially like four seventy five but i think if you make over like eighty thousand dollars they give you a buck. Go ahead john. Jay does a third is here. Good morning. camille washington is independent. She's camille you may have stumbled upon a may have been didn't share about someone who know show show. This is your new girl. Just wash it and come on in you standing now. Run around here area running around getting no money out. Here we are here. Living pap there was a if you got something. My favorite nurse got seventeen degrees and candy because six. That's the that's right. That's why you listen. Lax you'll get a chance to be over at bisciste since checks for the last twelve years from the government must be another stimulus. Max which degrees two calls right. What's your degree thing. You broke your throat. What your degree. Then you and you still got to go to work. I'm what you sitting. He giants valley stand while. I don't know those. Are the names that we have here today right. Now we might. Who knows the way. It's probably not city city. The let's tony tony's filming. Yeah and tony amid sony at the bank banker. It used to be a night. The full full-time right right. And you know. He's like saint conversations. I you know i'm going. I'm going gonna do my own thing. I'm outta here deja and i said you talking to the right person that's me out of here. We in the dow get out of here. This impersonal waiting for the for. The first three years is going to be cold as hell. You going to sell food insecurity after that road. Why gets kids. My brother math three years. She gonna hold it down to pop soft. That's it get outta the show ya those often we have. Oh we truly please stay connected with us. Social media camille. This is for. You definitely want a vision. Harvey morning show featuring the wake up team business page. That's what we're broadcasting off. Facebook right now so make sure that you like and follow. We also have a group page. That's on facebook. The sean harvey morning show featuring the wake of teen group the group is so much fun so definitely invite yourself and fifty of your funniest friends. We truly appreciate it. We're also on instagram. At sean harvey morning show and we're also on radio comedy where that make sure that you guys like video throw it on your wall sheriff groups. We're part of. We truly appreciate it. Where i heart radio make sure guys donald that good. How much must've how'd this. Okay okay give me my coins plan. Check that's fine. That's fine okay go. Can you wanna say the front page news coming up changing.
UnInfluenced
"eighty thousand dollars" Discussed on UnInfluenced
"A review on longtime ago is one of my first videos on the channel. It was a fun fucking car in it. Felt faster than it was. Yeah and that's one thing you can always say about porsche. They technically are faster than they always publish anyways. But they just feel so fucking strong even when they're not. Yeah you know it's like fuck. Yeah they've nailed the driving experience down to to a t. The only thing that i was also considering too is like a you know you can get to six speed manual m four also the new ones. Yeah you know which I've seen a couple of reviews on it said that the steering is is the probably. The biggest improved aspect of that cars at the steering is was was really impressive. Which you know you can get one of those for seventy grant. yeah yeah the competition. Thanks like seventy four thousand dollars or some shit. Yeah you know a brand new twenty twenty one manual m four fucking tricked out. Respect out fairly well for less than eighty thousand dollars. You know Now the like even the gt four. Like the cheapest one. I found about one ten Gt three is gonna cost you. Two hundred our yeah. So it's like. I don't know how many for a car to just kinda fuck around in and and wanting to scratch the the manual itch and and get that almost takes eighteen three outta ma deal not for the money factors. Almost a waste factor. And like i guess it's kind of a waste of money but a waste of a carta. Just sit around but the beauty of gt three four. You're pretty much going to be solid in that car a year from now when if you get bored six months from now if you're fucked is it's just sitting here. Yeah you can sell it the bmw. You're going to lose your ass. Oh yeah w yeah the bmw. When you're like six months from now you're out man. I took to trade this mitch and they all remained thirty four man. I'll give thirty six right now. I will folk. Yeah you'll lose your ass on that and just in looking at gt fours. Like i've i've seen You know the last rendition which is twenty sixteen. Probably a dozen twenty sixteen. Gt fours a have anywhere from a few thousand to to well over ten thousand miles. That are still ninety thousand dollars. Oh yeah i like that. They've lost almost no value in five years with a few thousand miles on them so To me like in working through all of that for your buck and resale and still fun and whatever the gt four is probably the the best kind of happy medium of all of that..
Retire South Shore Radio
"eighty thousand dollars" Discussed on Retire South Shore Radio
"Dot com. Welcome back part. Two of our program today retire south shore radio with mark roe let the founder and president of seltzer retirement services located in hingham massachusetts and not only is mark there and here on the radio but he and his group Travel a lot to various venues and provide seminars and entertainment by that. I mean great food Tomorrow and tuesday. You're going to be at a very fine establishment. Tell us about that. Yeah we're gonna be in mira. Gaza fields right behind roach brothers You know what we did a really large seminar there right before the pandemic and i we worked with that restaurant throughout the pandemic in using gift certificates to send people we really wanted to support their a fantastic organization than the guys who run it The couple that run it are really nice. Nice couple They do a great job. They have a a a a lovely layout fabulous room but over and above that. We're just. I'm just tickled pink to get back out and talk to people in the live setting. We've gotten back to seminars in the last month or so. It's been really wonderful. You know people wanna get out when people wanted to learn this. They want to have this information. I know the world has changed. And i know there's a new norm the hate saying that. But that's the reality of it but people still want to retire still want to go and do the things that they've wanted to do. And the more and more people that you know continue to get vaccinated allows people more freedom to go and spend time with the grandkids. I know lawrence parents support fully now and they're spending easter with lawrence younger brother down in south carolina. And i think it's wonderful because without without that they would be able to be down there and you you lose sight of the big picture of why why. I'm in this business why we do what we do. It's not to try and make more return than another guy. It's to try and make sure that people get to enjoy the little things in life. That are really really important than hugging. Your grandchild might have seemed at you know kind of like a simple thing for years ago but now for a lot of our clients. That's one of the most important things that they get to do. On a daily basis and we can provide the security and safety in knowing that they're always going to be able to afford to travel and lawrence parents who are perfect example to travel carolina to rent a place. They're staying coal for a while. But i think they want their own space for a little while and to be able to have the resources to do that and not worry when. That's that's really the reason that i got into this business. That's a prime example and we had them on the program talking about their experience. Your in laws and we'll have them back. They're great people Again if you're interested in the upcoming seminars tomorrow and tuesday in marshfield give that number of call the number. I give out regularly seven eight one eight three six four two one four or visit retire south shore dot com space is obviously limited. But we might be able to squeeze a few more in under very safe conditions. So mark we were talking about something very important. That is a recent change in the law Required minimum distributions and on a broader level. You talked about having the goals in place first and then. All of the logistics can work their way through. This is such an important concept. One that i think. I'd like to follow up with you again. You know i was thinking about it. I'm forty five years old so might retirement. Goals are at some point. Have enough money that. If i decide i want to step away. I don't really envision that. Now i i love what i do but let's say i want to step away. I want to have enough resources to cover my lifestyle. That's my goal right now. My goal for From a money standpoint is is protective growth if you will. I'm an immigrant so i had that immigrant mentality. That money is really hard to make. Don't wanna to just lose it all. So i still have that balanced approach conservative with my own investments. But i know as get closer to it that mike goals and my strategy will change because it's changed for clients as well. You know as you get closer to retirement. Your goal is not. I gotta get enough money to retire. It's what do we want to do in retirement. We talked about this week after week. What's my vision for retirement. What do we see myself doing. And you don't eat the the gold evolves and becomes much more of a painted picture. I want to travel. I want the fish. I want to play golf. They want to go and hang out with my grandkids. Who might be in college at that point. I want to do all those things and yeah you need money to do that. But now your goal has shifted to that to that actually painting that picture. I want to spend time in in greece or italy and i guess i would pose the question. Well if you have enough money to do that now if you lost a bunch of money in that changed your situation and you couldn't go to greece originally. How would that make you feel you know would make you feel great so these goals change and as a result of that strategy change as a result of the strategy changing the tools that you need in order to put you in that position will also change. And that's okay. As time goes by in his life happens things change and you want the ability to be able to make those changes. Yup it's true. The life of a retiree in twenty twenty one There's so many more options if you've done a little bit of savings and most people have if you've worked card. The the bounty at the end of the road is a lot more bright than it ever was. Before i mean you've got great vehicles. You've got great. People like mark rolette to help you and guide you i mean. Don't be debbie downer about this. Be excited about retirement. Absolutely your in. Laws are a great example. I met them On the zoom screen a couple of times and they are excited about getting back into the world as we all are but they've got plenty of energy and ready to go. And i think a lot of people are in the same boat having a wonderful time what we try to do with them and with every client is. Try to make sure that that is that you get to continue to do the things that you want to. You don't have to be worried about money and let me give you one other. I guess prime reason to look at your rmt's maybe get ahead of your are mdc required distributions a not necessarily waste We have a lot of clients that will take money from their. Ira accounts even if they don't need it and we'll do what's called a roth conversion and i don't mean to sound like this is the greatest thing since sliced bread. 'cause it doesn't work for everybody. It's not appropriate for everyone but if we're taking money that's taxable in the really low tax environment paying the taxes on it now putting it into an account that's going to grow tax free forever. Obviously that sounds like a good thing but let me put the paint the picture for you. Let's say you're a couple. I said this weekend in week. Act jordan. if you're a couple that lives on eighty thousand dollars of gross income per year. Urine approximately at twelve percent federal tax bracket one of you dies. The other person needs approximately eighty thousand dollars. A year to live on. We'll never in the twenty two percents federal tax bracket so your taxes almost doubled because somebody passed away and to add insult to injury. Your social security benefits have gone down so wouldn't make sense to have a little tax free money. If that was the best strategy for you that acts like a supplemental tax free supplemental account to make sure that your lifestyle doesn't have to change because that's the last thing certainly you know i want to think of is if god forbid something happens to me. I don't want lawrence lifestyle to have to change at all And i'm sure that most listeners are thinking the same thing. Well i'm closer to standard retirement age than you are. You're just a kid. And i just look younger than you And my wife. And i. My wife is very savvy when it comes to finances an actual. Hps harvard business school graduate. And she's done quite well as well as cheap rubs it in my face all the time. But when i got married and i got married for the second time About five years ago. When i got remarried. She was adamant that we look at my Portfolio if you will and i was definitely misguided and sort of just went along to get along not realizing the impact. I had to pay a pretty stiff penalty for something that i was advised to do. Incorrectly and and seven. Since then. I learned my lesson. Communication is such an important part of what you offer and direct answers and easy to understand english All of this stuff can often fly over someone said but Talk a little bit with me again about the the tack that you and your teammates take.
PodcastDetroit.com
"eighty thousand dollars" Discussed on PodcastDetroit.com
"Not to like the creepy guy that that show like. Yeah what the he had outside the that guy yet here by holy shit all i could think of releases the letter and everyone lose because it challenges the mormon history and the origin story and the entire faith Steve christianson ends up donating the letter to the church. So now they have total control over this letter. So then the next thing that i have an i don't know low. You can correct me if i'm like skipping ahead too far but the next thing i have is just Who he's a coin. Collector and mark hoffman Would calm into his store With stuff for him and he had like it was almost like He would ask al. Alvin ross basically like what are you looking for. And then whatever he was looking for mark hodson leahey mount right exactly. Suddenly mark hoffman fines. So he tells alvin not. He found this rare collection in new york city but he needs help financing to buy and he needs one hundred. Eighty thousand dollars to buy this collection and this is called the mcclellan collection and The latter in there was from joseph. Smith's wife and that details. It was actually joseph smith brother who i found the gold plate. Glad you have that. And this would be devastating to the church because we have to remember that statues joseph's right not only that yes okay that also The mormons are so huge into genealogy like this totally throw off like who would be in charge of the church who would be who would have power. who would not have power right. I mean this would question all of that So the church outbids marksmen for these quote unquote mcclellan ladders hundred thousand. They didn't outbid hundred so he's asking for one hundred and eighty thousands to finance to buy alvin brought. He was asking alvin. Ross for this money yeah for the into a guy who owns a Mclean clock he's got a coin in town sort of you know he always finds like the old mormon script kerr the old currency that they used in that kind of stuff. He's he's we've got this whole great relationship going and he's any comes from and he says hey you know. I found this thing mclellan collection. It's gonna cost one hundred eighty grand a by. But i've already got the mormon church on the hook right to pay three hundred right. So can you front me this money right so that i can go by this and the race split it and he was. He was really generous with all he was going to split money people. Yeah no. I know. I know i'm.
Optimal Finance Daily
Silly and Misleading Retirement Calculators
"I think the main reason people seem amazed at the idea of retiring at age. Thirty forty or even fifty is the lack of real information on early retirement. In general if you type retirement calculator into a search engine these days and enter some stats about yourself. You will find some very strange assumptions. That are guiding you to think you need an absolute load of money to retire for example. I was once working through such a guide in a magazine from northern. Trust a bank that caters to the wealthy. It went something like this. Consider your goals for retirement. What life events do you need to be prepared for. The following table lists average cost children's and grandchildren's university education. A hundred thousand dollars per child children's and grandchildren's weddings twenty five thousand dollars. Assisted care facilities a hundred thousand dollars per year. Medical costs funeral arrangements. Twenty five thousand dollars trust funds for loved ones esteem and legacy planning and charitable foundations. 'wow looks like you're well into the millions before you even get to buy yourself some groceries. Another retirement calculator on cnn. Dot com has various parts to fill out dropdown boxes pre filled with hand values like retiring at age sixty five and needing seventy percent of your maximum pre retirement income constantly for the rest of your life. The drop down box with seventy percent in it did not even offer a value lower than forty percent. This percentage of income concept is one of the most anti mustache ones out there if you make two hundred thousand dollars per year just before retiring this experience. Corrupt you so much that you need a hundred and forty thousand dollars per year for the rest of your life or is it possible to maintain the same luxury standards of a person who has a merely comfortable income like forty thousand dollars per year. This goes back to the ideas of the get what you need posting. I made recently and that is why not go for maximum happiness rather than maximum consumption. I propose that maximum happiness is achieved at a spending level where you live in a comfortable space. Eat healthy foods and get to do lots of active and stimulating things with friends. That doesn't have to cost a hundred and forty thousand dollars per year or even fifty thousand dollars per year for most of us the other assumption they push on people is a very low rate of savings they assume you will less than the annual limit on 401k contributions. And don't say much about what to do if you save more than that which the high income person mentioned a few paragraphs ago could certainly do so these banks and mutual fund companies will continue to tell you that you need millions of dollars to retire because it benefits them for you to invest your money with them. Luckily it's a harmless bit of tom foolery since the saving benefits you as well but the disservice they do is in scaring people out of dreaming to save faster or to think about much shorter time horizons like tenures instead of just plain old age. Sixty five so. I'll give you a quick retirement calculator of my own adult couple with no kids or whose children are. Grown can live very comfortably on forty thousand dollars per year and retirement. My own family lives very comfortably with one child on somewhere. In the twenty seven thousand dollar range you can shoot higher or lower depending on what level of luxury water pursue twenty. Two eighty thousand dollars is a good absolute maximum sane range. But if you don't want to calculate everything out just go for forty thousand dollars and figure out how to make your savings produce that for you for a single person. It might be difficult to slice in half because you lose some benefits from sharing a house in car but you can come close to quick early retirement budgets number one in early retiree couple lives on thirty thousand dollars per year. Earning five thousand of that combined in part time luxurious post retirement careers. The remaining twenty five thousand dollars per year is generated by their savings. Six hundred and twenty five thousand dollars of total savings are required to generate this amount of passive income using the four percent rule number two an early retirees single person leaves on twenty five thousand dollars. Earning ten thousand dollars on his or her many career. Fifteen thousand dollars per year is required from savings which calls for a nest egg of about three hundred and seventy five thousand dollars. I'm working on some much more detailed and exciting sample budgets using real numbers for my own spending experiences before and after retirement
Healthcare Business Secrets
"eighty thousand dollars" Discussed on Healthcare Business Secrets
"Whatever apple tv and you watch anywhere for free and then if you love the content they invite you to pay it forward so that other people can then enjoy as well and and the business model behind it has just It's just been amazing. It's taking off like a rocket ship and so we decided to follow in their footsteps and take advantage of this new model that they had pioneered and so our television show is actually. We're following the same path. They did where we're crowdfunding it. But not like a kick starter. It's not like we're asking for people to donate money to the show. We are allowing people to come in as investors into the show so if the show is successful makes money than our investors end up making money so we launched that a couple of weeks ago. We've raised let me see what the latest is. Looks like we've raised two hundred and eighty thousand dollars as we need about another seven hundred thousand dollars need two million dollars so episode one is already in the works. And then that million dollars will fund the next three episodes Yeah after that so anyone who's interested in checking that out its tunnel. Twins dot tv cuddle to u. t. l. e. twins t. w. i n. s. dot com. And it's based on a best selling book series children's book series called the tuttle twins. It's sold over one point five million copies so anyways. That's what we're up to right now. That's amazing i'm gonna have that in show notes. Look i i'm contra time and i really appreciate you coming on the show. Thank you so much being here. This amazing value pager. Notes here for myself as well and now that i listened to say thank you so much my pleasure. Happy to be here. Thanks for having me take you. Thank you for listening to the show. If you like the episode please hit subscribe and leave us a review of really. Appreciate it as that helps us get out episodes out to more people just like you. Who want to know how to increase the revenue impact more people and businesses that work for the lifestyle. They want now. I know your time is valuable..
Ron Paul Liberty Report
"eighty thousand dollars" Discussed on Ron Paul Liberty Report
"Here's what you guys need to come up with. And they sat in a room and did it. And that's why the nsa didn't have high confidence in the last one. It seems like they're doing it all over again. And i guess it's because there was no downside for for brennan and clapper. Basically falsify this last report but this dr paul is the most self serving and blatantly political document that i have ever seen in fact it is chilling in. It's depressing to see the intelligence community so misused so abused and there is a legitimate certainly a legitimate need for us to have intelligence analysts and intelligence community however using this in such a self serving manner as astonishing over a few highlights and lowlights of the document but essentially I'll start out by saying this is in a nutshell shell. This assessment has discovered that putin authorized and the russian government organizations conducted influence operations to denigrate. Biden's kennedy candidacy support trump and undermined confidence in the electoral process. That's the conclusion that they made. Wow and The thing that's really interesting about this is when you dig down what it is. Basically any what it means is anyone who said anything bad about putin about biden during the campaign essentially was acting as agents of russian intelligence If you think biden his family might be corrupt if you question whether his son was really worth eighty thousand dollars a month working for that energy company when he had no experience Actually your putin proxy if you questioned the us electoral system in any way if you think there might have been shenanigans going on somewhere if you don't think it was the most pristine process in the history of voting. Then you might be an agent of putin. And what does that do that. Basically this basically is biden declaring war on his political enemies and using the us intelligence community as a tool of war against american citizens. Yes i think. He's declared who he enemies are and they're going to attack them and put them in a bad light but he also does the opposite his political friends he wanted to protect and there was this one line here. It insists it instead was carried out by proxies including ukraine linked individuals with ties to russia elegance. And they were like maybe hundred might be protected in he. He's not going to have committed a crime at all the russians bureau and they were just innocent bystander. so yes they punish their enemies but t the sad part is they do get away with it with all all this went last. Probably the first three years at trump was in office all hearings and investigations and all but And criminality nothing happened. I mean there were any charges of sorts. Maybe the minor charges but the big is You know clapper and brennan. They've as far as i'm concerned they desert it'd be invested for. How many laws did they break. But no that doesn't happen and And right now you know when it comes to hunter They they don't even talk about them really anymore and The odds of him even being seriously investigated i think are slim to none. So this is This is this is their cover and this is the this is the politicization of just about everything we do. Especially in the foreign policy now but it is a reflection. What i find amazing is in. It's really almost a tip off if the opposition you know keep shouting and screaming you. I i always say. This is the case about racism to the more somebody makes charge is the more likely they are doing the same thing..
The Mental Health and Wealth Show
"eighty thousand dollars" Discussed on The Mental Health and Wealth Show
"Like if you're in a constant state of anxiety in panic in fighter flight gets activated. Yeah of course. It's absolute trash for your mental health. But if you're able to go in and be like this is a weird fund saying lay than the stakes are low enough that it really doesn't affect me. If i don't job i love so many points that you brought up and especially this kind of like walking into a space and just seen what you can gain out of a situation i think about this a lot in business when i pitched myself to a new client or an opportunity and you know it's not quite the same because it's all on the internet and i feel like live in person has a little more weight to Still the same concept is what do you have to gain because right now. Let's say you don't have any acting gigs. You don't have any writing clients. You don't have any business. Whatever insert whatever your thing is but if you go tonight addition if you pitch yourself you do. Xyz if they don't respond or they saying no your reality is actually the same if they say yes then you have nothing but something to gain right and so it's like you do have things to gain if you put yourself out there even if you get rejected even if you don't get a response that doesn't change your current reality and that's something that has helped me whenever i get kind of scared of putting myself out there pitching myself and it's like you know what if they say no or they ignore me literally. Nothing in my life has changed but if they say yes then that will be a positive change. So i think it is important. Kind take your ego out of it and the point that you brought up like going into a space and being like i need to prove myself. And he'd approve that my degree was worth it. You know. i spent eighty thousand dollars going to school in nyu. There's so much pressure of like..
Start Here
House close to passing Biden's $1.9 trillion COVID relief plan
"After weeks of wrangling the house is expected to pass this relief. Bill and with that. It goes to president biden for his signature. So the question here is no longer about politics. That's done it's about whether the us government can actually deliver this aid quickly and reliably. Let's go to abc's karen travers at the white house. Karen i guess it's not all done. Because i want to know. How is this going to play out today. Like how quickly could this all go down. They still have to cross the finish line. The white house is not going to get pinpointed. On what specific day or hour. But they want to sign this before the end of the week and brad march fourteenth sunday. Always been this deadline. That's been circled on calendars here at the white house and up on capitol hill. It's an unofficial deadline. They didn't have to get it done by sunday but they wanted to. Because that's been some of the federal unemployment benefits were set to expire and officials said that they did not want to have any gaps in that coverage. They didn't want to have those. Millions of americans miss even one paycheck like that the additional money. They were getting Just because congress had not gotten it together. Who's i get it so the house will pass this today. Then it's a question of how quickly they can send down from one end of pennsylvania avenue to this end of pennsylvania avenue. The white house says that the president will sign it as soon as he gets it Look for a signing ceremony. The this is a big deal. Efd if you want to quote president biden from back in the obama administration this his top priority. It's his first legislative win and they're gonna do it up and in. This is going to be a very big moment for them. How much money will people get care. Because it's not just even stimulus checks at this point. Sure that's the big one though. That's what everybody's been focused on. And because when you hear that and you think what is coming directly to me. Fourteen hundred dollars for americans making up to seventy five thousand dollars a year if you get up to eighty thousand dollars for a single income filer. That number gets a little bit smaller. So then for couples you get two hundred and fifty thousand it maxes out the income cap at one hundred and sixty thousand. The white house says that yes while that was more targeted than previous rounds of covid. Relief that it's still ninety. Eight percent of the people who got it the last time so they feel okay with that and one more thing. This plant is historic taken altogether. This plan is going to make it possible to cut child poverty in half. Let me say it again. Significant is will cut child poverty in half. But then it's you know other things to it's child tax credits. It's subsidies for childcare. This is really a bill that gives a significant amount of aid to lower income americans off. Let's go. I need the help my kids need to eat. And white house officials will say. This is a very big difference from the bills that were signed during the trump administration which they said gave money but to the wrong people that it was too heavily focused on businesses and corporations and that higher wage earners were getting money and didn't need it. It would be really nice to get a little support so that i don't become homeless. Still wanna see this money go to lower income wage earners because they feel that those are the types of people that one needed but to will also use that money and spend it on something not save it for later or invested the actually get it back into the economy. I'm wondering. Karen is that last mile of getting into the person's pocket like what other challenges the biden administration will face here. We heard about like dead people getting checks out very living people getting their checks way too late that unavoidable or is that something. The biden administration has plans for. Yeah i mean we even seeing experiences on my little street here in washington of some neighbor getting the other neighbors check and not understanding how supposed to get to the other neighbor. I mean there were a lot of glitches in the system. The irs and bureau of the fiscal service are building on lessons. Learned from previous rounds. He administration says that they are working overtime to make sure that there are as few glitches as possible. The first batch of payments will go to taxpayers who provided direct deposit in their twenty nineteen or twenty twenty returns. They wanna make sure that more people are doing this through electronic payments because that'll get out faster than the checks whether or not. He walks his signature on their life former. President trump demanded. Well we're we're doing everything in our power to expedite the payments and not to lay them. Which is why the president's name will not appear on the memo line. Checks are expected to go out by the end of the month. But brad officials are not going to say a date certain but they do know that people want them. There are really eager for them so march tenth. Today the expectation is just about three weeks. They could get these out. Say you
Quick News Daily Podcast
Inside Biden’s $1.9 Trillion Stimulus Bill
"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.
TIME's Top Stories
A Look Inside The COVID-19 relief bill Passed By Senate
"The senate passed a one point nine trillion dollar covid nineteen relief. Bill here's what senate by elena abramson the senate on saturday afternoon narrowly passed a one point nine trillion dollar cove nineteen relief package a key milestone for president joe biden to ink his first legislative priority into law the avalanche of federal dollars which clock in at approximately nine percent of the country's gross domestic product includes fourteen hundred dollar checks for middle and lower income. Americans extend unemployment insurance through much of the summer and provides seventy billion dollars to increase vaccine distribution and coronavirus testing. The bill was passed entirely along party. Lines with all senate. Democrats supporting it and all republicans opposing. This nation has suffered too much for much. Too long biden said in remarks from the white house on saturday. Everything in this package is designed to relieve the suffering and to meet the most urgent needs of the nation and put us in a better position to prevail starting with beating this virus and vaccinating the country. The house which already passed version of the bill on february. twenty seventh is slated to vote on the amended. Text on tuesday before sending it to biden's desk so he can sign it into law. Here is a look at six major components of the bill direct payments for millions of americans under the senate plan individuals making up to seventy five thousand dollars in couples. Making up to one hundred. Fifty thousand dollars per year are eligible to receive a fourteen hundred dollar check individuals. Earning between seventy five thousand and eighty thousand dollars and couples. Earning between one hundred fifty thousand dollars. One hundred sixty thousand dollars will receive some of that money but not the full amount. The eligibility thresholds are a change from the house's initial version which kept the threshold at one hundred thousand dollars for individuals and two hundred thousand dollars for couples senate. Democrats lowered the eligibility for the stimulus checks to get all democrats onboard after resistance from some moderates in their party. The decision means that an estimated seventeen million americans who received a check under former president. Donald trump won't get one under biden. According to a study from a nonpartisan institute on taxation and economic policy biden said on saturday that the government will begin sending the checks to eligible americans. This month extended unemployment insurance current federal unemployment benefits. Which a lot an additional three hundred dollars per week on top of state benefits are set to expire on march fourteenth. The senate bill extends the program through september sixth at three hundred dollars per week for households. Earning under one hundred fifty thousand dollars. The first ten thousand two hundred dollars of the unemployment benefits are non taxable to prevent surprise billing at the end of the year. These were also changes from the house version of the bill which provided four hundred dollars per week through all twenty ninth. The reduction in unemployment insurance in the senate version was implemented to ensure moderate senator. Joe manchin a democrat from west. Virginia would not break with his party. According to a democratic aide expanded tax credits for families. The bill raises the child tax credit for most families in the coming year by one thousand dollars to three thousand dollars per child. It's even more for families with young children. Many can receive credit of three thousand six hundred dollars for each child under age six. All of these credits are fully refundable and some researchers say these measures could potentially help cut child poverty and half funding for state and local governments and public schools. The bill delivers a three hundred fifty billion dollar cash infusion to state and local governments and one hundred thirty billion dollars to elementary middle and high schools to help them reopen safely. Local budgets have faced steep declines in revenue as businesses remain shuttered during the pandemic last september. The brookings institute estimated that state and local revenues would decline by one hundred fifty five billion dollars in twenty twenty one hundred sixty seven billion dollars in twenty twenty one and one hundred forty five billion dollars in twenty twenty two. The money for schools is designed to help them improve their ventilation systems. Hire more janitors and reduced class sizes to conform with social distancing protocols. Democrats argued that this money was necessary to save public sector jobs and enable teachers and students to return to classrooms without risking their health. Republicans said that the funding already allocated through. Last year's relief bills was sufficient and that sending more money the state and local governments was superfluous relief for restaurants. The bill includes traditional fifty billion dollars in assistance for small businesses including more than seven billion dollars for the troubled payment protection program and a break from previous relief packages. This bill provides twenty eight point. Six billion dollars in grant relief specifically for restaurants which have been particularly decimated by the pandemic
The Indicator from Planet Money
The Biden Relief Bill: Who Gets What
"Okay. Who is getting. What in the biden. Bill perio first up is what most adults in. The country are going to get a one time payment of up to fourteen hundred dollars. This is the single biggest part of the bill. And here's where the bill stands. Now if you made less than seventy five thousand dollars either last year or the year before you will get the full amount fourteen hundred bucks beyond that if you made between five thousand and eighty thousand dollars you get a smaller amount and if you made more than eighty thousand dollars you will not get one of these checks for married couples who file their taxes together. The cutoff for getting a check is a combined. Income of one hundred and sixty thousand dollars in these checks are both the biggest and the most universal part of the bill. The exact amount of money that your household will get does depend on a few things in addition to your income. Like whether you have kids or other dependents but even so roughly eighty to ninety percent of all households in the us are gonna get checks for some amount of money and the hope is that people will spend that money to help boost the economy so next step people who are getting money in the stimulus bill. The unemployed four hundred dollars per week on top of what they would normally get from their state in unemployment benefits when there isn't a pandemic and that extra four hundred dollars. A week will last until nearly the end of august and there's a lot of people still claiming unemployment benefits each week almost nine times as many people as a year ago right before the pandemic started. That's more than nineteen million people claiming those benefits right now and a big part of the reason why there are so many is the government has expanded the range of people who can qualify for these benefits during the pandemic and the reason unemployment benefits matter for the overall economy. Is that the allow people to continue spending money while they are between jobs paying their rent buying groceries buying school supplies for their kids yet without the extra four hundred dollars. Unemployment benefits would only replace less than half of a workers lost income on average but with the extra four hundred dollars from the stimulus bill. These benefits will be replacing more than eighty five percent of the lost income for the average unemployed worker up state and local governments. What they're going to get from the bill so tax revenues for a lot of state and local governments have just deride pandemic and some of them have been forced to cut back on services that they typically provide like garbage collection law enforcement mental health and addiction treatment services and a bunch of others state and local governments have also had to lay off one point three million workers especially a lot of workers in public schools teachers administrators janitors. It's one of the hardest hit sectors of the labor market so this bill provides three hundred and fifty billion dollars for state and local governments. And actually that might end up more money than state and local governments lost during the pandemic three hundred and fifty billion dollars is above the range of estimates for how much money state and local governments will have lost through next year. But it's also true that some states and local governments are in worse shape than others and so one of the big debates in the senate is over just how to allocate this money between different states and cities. And we're gonna pass here for a second because if we stop right here just right now out of the cost of those three things that we have discussed the checks that go out to almost everybody. Stimulus checks the bigger unemployment insurance benefits and the money that goes to state and local governments. That is the biggest part of the bill. Roughly half of it around a trillion dollars is going to go to those three things combined yet and there's all kinds of interesting and important stuff and the rest of the bill to so. Here's a few more that we definitely think are worth mentioning. Starting with what parents are gonna get. Yes so parents are going to get an extra fourteen hundred dollars for each of their children and this includes adult children who parents list as their dependence. Yeah so if you are. A family of four people say to spouses and two kids. The total amount. You're gonna get in those one time. Checks is up to fifty six hundred dollars. But that's not all. The bill also increases the size of the child tax credit for one year. So parents will now be able to offset their tax bills by thirty six hundred dollars for each kid under the age of six the really young ones and by three thousand dollars for other kids who are not yet adults bottom line take that same family of four and let's say both parents make less than seventy five thousand dollars each year and let's say their two kids are very young. They're toddlers that family could get a total of nearly thirteen thousand dollars in checks and tax credits because of this bill. Okay and now. Let's look at what schools are going to get kindergarten to twelfth grade. Schools are gonna get roughly one hundred and thirty billion dollars but maybe what's most interesting is what that money is intended for. Yes so this money is not for textbooks. It is for things that make it easier for schools to reopen and operate during the pandemic. So things like improving ventilation buying more personal protective equipment and even changing the shape of a classroom so that social distancing between students is easier next up. The bill includes tens of billions of dollars for loans and grants to businesses and the industry. That's going to get the single biggest amount in grants. So that's money that does not have to be paid back is bars and restaurants yup bars and restaurants. They can prove they lost money. Last year will be eligible for up to ten million dollars each in grants and the bill has set aside a total of twenty five billion dollars for eateries and watering holes and restaurants. And though that is the most any industry is getting in this bill. Some perspective is important here last year. Bars and restaurants lost about a hundred and forty five billion dollars sales from the year before. It's a twenty percent decline and there are still nearly two and a half million fewer jobs in bars and restaurants than before the pandemic and this year knock on wood will not be as bad because people are getting vaccinated. Covid cases are coming down and more of the country is reopening still. That is a huge hole to dig out of
Podcast RadioViajera
"eighty thousand dollars" Discussed on Podcast RadioViajera
"Molina hope. Work curious alliston idea. The bunny of this thing heater. I don't nothing cpap say hi lives. He didn't best. I she taught in alaska middle into the inside gokul on wyndham. It's with you feel your pocketbook among danielle 'cause they won the you'll see us calendar tomato or one hundred one hundred gua seeing That's through stanzel. call hindu. Do technical escape stop. What's not me though. Mierlo pay me my okay instead amino me. It'll it'll it'll get me you didn't really at least yes special. Phobias wasn't block malaysia. Was i get is atlanta. Coming again up we the funeral for it's not and this. What giving guns opera area a Six letters of the latin air speed pocono pocono s elliott shoot. Almost quite as they for his thoughts as i see it. Look kinda under snuffy. The phobia million more obscene or care for the strategic. I don't either females gum legal mighty. 'cause i don't watch on as normal happy. We can make the money that he said you're going to hidden look ethical dilemmas mossy on this guy. Remorse guy was in. Were the upper. Stand on vr. Yet against god faith in via or he'll only greta yana. Eso with no bus. The different manner bit open the door and finance sipadan phobia established eighty thousand dollars. Nazism alot bertodano escalating most stomach. Look when the rally that not the him no in deli. that is summer. school alarm. goes mr watterson e icon chromosomal on this study. Ammos alex telea fic- alex team. Yeah excuse me Alex incapacity it and the landau. Yeah eight without upper banners are by donald. Jack in become more suleimani follows this is. It's not going lie about economic lanyo. The turn on emotional. Spanish does each no wonder it can be into the normal. Your little intimidating. Thomas turtles donald jewish. No you're looking at your toes helena. They had mentors from us. Okay that's they didn't they can somewhat perfect or they move. Post your room your stove by. He'd course most herat. Thomas by pro needs get no sending pushed on the market collapse. You got ta number because if you didn't get to dealers said it gave me a hotel hundred eighteen to. I wanted to play it up or get get somebody. That is not a michigan again. I don't know strenuous take. It doesn't even they see him. Intakes get go. They must kiss gwinnett. County echo moscow. Message with positi. Yes in theo seventh three but i mean reluctant by muscular muscular. Yes i'm not gonna fin- finish off. We are today lose person story. I'm under elaborate salary cap era as i feel about how curiosity mental pushy limit. They throw to berea get a common. We restaurent we scar posse. Limiter sheffield phobia. Nothing any interest in at number two on the shoulder. Snapple anti musyoki muslim Stubby a secret stop news in this on west grand would ask ask if the oughta expire on my. There's a c. motivational records. That might that might be bad. Braggart almost and philosopher formulated katina getting unsexy summary and does saline cinema knowledge. John makita doe complimentary. You'd have to complement focusing on me. Look around ninety low compromise. Stop noise for policy levi. Welcome you got a local. Bros for gal not kid us about a minute and a similar allegations. Lugosi's could support cake one though two postcards in internet opponents middle upon his mere the in insecure that get but if they simply middle is not guilty momentum mass we still move for fellow. Unable to theol- goan genucel colon. Novellas trespasser la novella. Eat al feeney is neither lost by but kissing ruth is amira's by users the with golden girl photo phobia all who could now whip component of your.
Business School
"eighty thousand dollars" Discussed on Business School
"So i think i wanna wanna in fact the a couple of things that you put the A lot of people have when you're listening to. They're like wow. That's i wish i could do that. And you literally did did it with no resources and injured the one thing that you said which really caught. My attention was a I talked about this indication. Where like i didn't have the money i wouldn't actually pitch this friends and family and raise that. How can you can you remember. Do you remember that time. How did you pitch that like was it. Was it a you so you you actually had to figure out how you get some equity then you had to go figure out and actually get the debt on it like a talk us through that just exactly. I think the most important thing was you know my very first acquisition Nobody i had no lender and had no deal right. So i kinda was over three i spent. I spent six months looking for deal. Always tell people. The first thing has been a lot of time translation. The market find the opportunity. And then second. When i found it i went to bank in the bank. Turned me down even know a great great job they said. Hey were read lang santana. We had so many foreclosures lending there. And i thought. Wow i i deal excited in the bank. Turn me down. So i ended up like putting a little pitch together. In my friend's older brother loaned us the money as a private lender gave us. You know the fifty sixty grand and then it came down to will have a low. Now where do i find the equity I got five or six. Credit cards took cash advances in credit cards and that was back with interest rates for like eighteen. Nineteen twenty percents. Yeah so i did i. Cash advances on my credit cards. And i got four or five together. Got the money. There saying use cratered financing. I found a private lender and put the deal gather using like unconventional means to get done. That's i mean that's insane because a lot of a lot of people are saying. Hey i want to get into real estate right now. I know that people talk to me almost every day saying hey i how do i go by this. Four hundred thousand dollar even if it's a four plex or wherever it. How do i go by this and i. I'm i have this job at pacific life. Where i have this job. Petco i make eighty thousand dollars a year. I really wanna do that. But i can't create the by thing what you just said was..
The Shawn Harvey Morning Show Podcast
"eighty thousand dollars" Discussed on The Shawn Harvey Morning Show Podcast
"Rose right like with addiction. We both suffer from even to this day but barbeque alone. Is he really addicted to gambling in a bad way or is he working gambling because he refused the lawyers and everything and had a all money full lawyers. That doesn't sound like somebody to me. That's addicted shan and they can't get the money I could see he lost job. You can get the money up and have to go into leshan. Said he had all these programs phones. He's in area right now where he probably just up but there are times where you won't be up and you're going to be down. People do the average person cannot make profession from gambling. In fact there are some pro. Hana rural they said. In fact there are some pros that makes six or seven figures annually with the game however the vast majority of pros these days earned between forty thousand and one hundred thousand dollars per year. Plan is mostly what poker occur so you play poker you making between thirty and one hundred thousand dollars a year. Okay all right well. I'm just seeing job. He was making like seventy five thousand dollars years. So when i got the benefits to go with it. Bobby if you make this say you may home road. We're just doing it out safe. You playing poker and you making eighty you set between thirty. Let's let's go. Let's say seventy thousand dollars seventy thousand dollars. You can have your own benefits and your own retirement plan at eighty thousand dollars. You create that yourself. People says you people would say they wrote railroad. You're not gonna believe this. You can be individual and make your own money and have your own retirement plan. You can actually do on your own with the companies that can do that for you. Yeah we can actually start a business. Make money with your business.
The Money Advantage Podcast
"eighty thousand dollars" Discussed on The Money Advantage Podcast
"Seventy five thousand. It goes from twelve percent to twenty two percent so you're paying ten percent additional taxes on that income. That is a big a big jump. Also literally. I think i think is really helpful when we understand as you're talking about the whole picture because if you just think today my one objective is to store as much money in this account as possible because deferring tax which means the mount that i put in my contributions in to the tax deferred plan each year that comes off of my taxable income so it lowers my taxable income this year potentially bumping me down into a lower tax bracket. Maybe maybe not. I know you're going to talk about this in a second but if we just think about today only the only thing our own life we don't step back and look at the big picture we can miss the implications it can be happening for the people who will be receiving the distributions if we don't live as long as we're planning to or if we end up using up our other assets and using our retirement plan as our legacy so i think it's really helpful to step into two shoes one the shoes of you as you're putting away the money today and to the shoes of you. If you are receiving money from somebody else who was tax deferred absolutely. I actually have a client that has two daughters who are doctors. They one of them's married to doctor. And another one is married to a very successful person. They are paying the max in taxes of thirty seven percent in an additional about eight percents state taxes so now in retirement this particular client has about two point four million dollars in tax deferred but they only live. They only live on eighty thousand dollars a year. They're very frugal which i find a lot of times. In a baby boomer generation that is true so we started talking about tax strategies. Now should we maybe actually have him take out more to pay his lower tax rate even though he does the need the money so that key span at a lower tax rate so that he can pass it on what's left in a more favourable taxes joycean whether it'd be a brokerage account whether it be a in our case we're looking at a tax Specially designed insurance policy solar will grow tax free. or whether..
The Hustle & Flowchart Podcast
Greg Elfrink - How To Create And Sell Your Own Media Empire
"So when you're when you're seeing someone 'biocyte. I'm kind of curious because he's probably pointed to the seller. Sometimes it's a more of an advance or sorry. The buyer felt like an fbi site because they see the opportunity. Someone did all the hard work of creating the website finding the products. Maybe figuring out what's working what's selling what's not like. What are some things that you're seeing sellers do with a website that on empire flippers. Like are there certain things that they're looking for. Is it like that. where they're like. Oh they did all the work for me. I'm gonna pay for that because they can saved me years of work in heartache to figure all this out like can you know prep yourself for that in a way as a seller. Yeah you're asking. What can i do to help. A buyer seed at their web site. Is that shortcut. Yeah that in the motivations of a buyer yes so they can kind of sync up in the right spot and you know get the valuation yet. This is a very good question. Because i i always Both buyers and sellers so if you ask a seller like why are you selling your business like almost one hundred percent. The fans like i want money vic big vol but that's usually not the real answer right there. That's the superficial answer. Then you dig deeper. They're like oh. I want to do other projects and like okay. Let's dig deeper. You peeling back the onion a bit. eventually filed like. Well i want to focus on other projects. Take less than my time. Because i'm moving to this new house and selling this Business allows me to make this down baby in the house for my new family. And now you're getting to the emotional reason right. So whenever a talk to buyers and sellers say dig deep find out who the buyer seller is copywriting. One we all do like everyone listening to this podcast of the market price familiar with copywriting right but for some reason when you go to buy or sell busy like take the copywriting Just like throw it in the trash like. I don't need that anymore. Businesses success but like the buyer seller. Is your customer right like that is your customer. You need to think about their own motivation. So when it comes through selling thinking about a buyer we recommend Or at least i recommend the seller jagger our buyer persona content. So there's about six of them and they all very different motivations for example a newbie norm. If you've you know you're seller dealing with someone who is a newbie norm. Someone's brand new to the space like that doesn't necessarily mean they don't have business document or money they're just new to online business acquisition. They're probably going not have as much confidence. And so you're going to have to hold their hand a little bit more and that's okay For the seller. Payoff like yes. You might have to hold their hand a little bit more but when you give them a quality business you might have. Effectively changed their entire trajectory of their life in a positive way. Because like maybe knows just starting out and that's always going to be the biggest pool buyers talking to because there's always more people coming in right versus say like a investor yvonne who that would be more of your brand aggregate or someone who's raised millions of dollars to acquire businesses. Obviously their motivations going to be a lot different. And if you're a seller like say you're a amazon. Fda entrepreneurs does example works really well with And you have a one product business. So one hundred percent revenue comes from a single ecommerce product on amazon. Most buyers don't like that look at that and they're like darris seems soup. Exactly right like whoa. Because it's a two hundred thousand dollars of single skew like But an investor ivan. Not risky at all to them. They don't care. They'll buy one product businesses all day long because they raise millions of dollars. A your five hundred thousand dollar eight hundred thousand dollar. Even three million dollar one product business one hundred k. to them as long as it meets their other strict criteria cousin to them is not as risky. Because of all acquisitions are doing right. So this is these are important things to know as a seller going into who am i dealing with For things you can do before you ever sell is ask yourself like would i buy this business like just be honest with yourself would i like. Does this seem like a good deal. Why why does it seem like good deal. You start interrogating yourself. And if you're really honest with yourself There will probably be some answers. The actually seems like not a good deal away. Now i know. How do i fix it. Like how do i make this a good deal for myself right so you always like sellers are obsessed with evaluation for obvious reasons. There's a second. Part of selling a business called attractiveness so some sellers they'll be like Like say you're running this huge media site this You know michigan. Thirty thousand dollars a month affiliates. I and you have this bad ass team writers. Va's as all this all these systems and processes set up in the first thing the so as things like andrei increase my valuation by firing. My old team get rid of that expense. That's valuation boost right. But then the buyer cousin sees all the work that has to be done to maintain this business. He sees you working seventy hours a week. He's just going to discount. You're like hey. I'm going to eat iot. I'm going to hire a team. So i need this for a lower price because the net profit is going to be lower right so you almost get like no benefit for doing that. I always tell sellers like yes valuations imporant that think about. How can i make this business attractive as well. Now right now would you. Would you recommend people go and start a site from scratchers now. A good time to go. Try to find like a site that needs a little bit of love by the site. Flip it and make your multiple. Like what sort of path are you kind of recommending people. Go down if they want to get into this world. Yes so if you're just starting out. I probably wouldn't recommend buying I think it's good to get your feet wet with building. That is a long game. So you don't you don't need to build something until it's profitable. You should be building something to where you're comfortable with the system. So that's the important thing i always like. If you wanna go fast always recommend buying something and if you have some skills. I think it's really good to buy something. That doesn't look great on the outside or even on the inside right like you want to buy other people's problems it's very similar to real estate investing right like if you if i buy a house. That only has like cosmetic issues and smells terrible. No one wants to go in it right. I basically get the smell of discount by the south thirty thousand dollars. I painted to cover smell or whatever and now it's worse as sixty eighty thousand dollars. I just built all this equity for very little right so you. When you're buying it online business you want to look at it in the same way especially once you have skills now if your brand new buying online business. I probably wouldn't recommend buying too many problems because he probably don't have solve them if you're brand new to buy dot go like get this amazing deal because there's a site with us google penalty that's been banned from all its affiliate programs. Like you know you don't want to hunt for like the deal. You're almost always going to be better off buying a high quality business for fair value. Like that's always going to be better at least until you get some skills then you can look at doing this like discount. I call it by business. A discount right. You're looking for these problem of businesses problems like But that's what i recommend. So you wanna go fast. Buying is one hundred percent way faster than building because you already have all the data and you can do all this. Low hanging fruit stuff like cro on page optimization new content taking advantage of the high domain rating on the website. Right all of. You can't do your first starting out site ray like if you put The split testing software. Vw show up on your your ten page affiliates. I was one visitor. Burma like you're not going to change. You know you don't have a lot to work with yet. so
Wealth Is In The Details Podcast
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
The Financial Guys
"eighty thousand dollars" Discussed on The Financial Guys
"Yeah so the rich will get richer. Because xm out john kerry by the way he recall correctly they propose putting windmills in the puget sound. Now john kerry has a mansion overlooking the puget sound. And so of course. It's like oh we can't have those would be unfair. I we ought to have those windmills where they have a bigger economic impact buffalo water for triumph working. We put windmill we. Should we locate those a distrust neighborhoods. That'll help them out of all those jobs. That were created this boat. That dirtbags phone is out of boston. So he could avoid the tax. Yeah unbelievable he's got a private jet. But who does this. Hurt folks seventy jerry union job. Higher fuel prices hurts millions of people that are struggling to make their utility payments right. Now how about this one. How about this. I'm gonna. I'm gonna go around here a little bit. Stop construction of border wall. Well let's see who's that going to hurt. Let's see thousands of people are coming in looking for your job. Let's see are they going to take john kerry's job. The biden crime family. Will they take one of their jobs. We'll probably not well. They take job at the clinton foundation. I highly doubt let replaced. jeff bezos. I highly doubt there'll be employed at the clinton foundation. I bet they're going to take your job if you're a lower income or middle income. Yeah right yeah. Middle class work at heart. the factor. Whatever you own a pool company and you're cleaning pools. Do you think one of them might be able to compete with you. Oh i think they. May i think sure. What if you're looking to get into the factory as you pointed out. Well you know maybe not. I don't think so now. We've got a whole new labor pool that's willing to work. Sorry about that. is that help. Help all low as it help. Lower prices labor. Yeah why do you think people like mark zuckerberg and some of these tech folks want to expand the H one at one. H one was that h. What was that like swine flu now. The hp one let's let's see what's what's the immigration like eight be one whatever whatever they want to expand the the immigration of bringing more cost labor right. They want they want pay a program or eighty thousand dollars a year. They wanna pay the guy from india while the twenty thousand dollars very labor now by the way. That's going to work on nancy. Pelosi's twenty thousand dollar refrigerator very labor. That's going to maintain proper right so nancy by the way in the pelosi family. And all you need to do by the way look at california californian..
The 3:59
Robinhood is the controversial trading app behind Reddit's GameStop surge
"So at this point everyone knows about the massive run-up of game stop stock. Although at this point it's it's a bit on a decline this morning. We'll see where it actually goes but let's talk about the training app. That really has been a play a central role in this. And that's robin hood. keep briefly. Describe what robin hood is sure. So robin hood is its own. Investing app is launched Won't watch twenty fifteen and it was designed to be for to get investing for the people it's to democratize investing where there's no fees and it's been a hit with millennials that makes primarily of its Accusers are millennials. Who want to either. Learn how to invest. A word tried different than try to put their money in different stocks. It's it's become very big. Especially has we all become aware of with the sub. Reddit wall street bets right before this all hit of the last week or two or three quarter note. That robin hood had become extremely popular over really the last year during the coronavirus lockdown right with the law people at home i'll folks with disposable income younger folks and not much also do investing and trading through robin hood had been a avenue new trend. So i'm curious. How robin hood works differently than some of these other services. Because we've got e-trade td ameritrade a number of these brokerage firms that also allow for trades. How does robinhood sets off apart. What one of the big reasons why would sits at apart as well as being a big reason why it's popular with wall street. Bits is that it allows for all these extra options when it comes to trading sucks it allows you to do put all these terms that are essentially bet hence the reason why wall street bets likes it so much because you could go wit put in a couple of hundred bucks and you could actually take some money out on margin and that means you borrow the money so say can make these bets on stocks and a lot of other apps. Don't do that. There's a acorns and s-o-f-i and there's all these other investing apps that do allied to buy shares and a do it for free like robin hood but need they don't let you do all these different fats. Different options that you can actually make really big money very quickly. And that's why with wall street beds. It's become such a big deal there because that's kind of they created this environment where you say. Hey i'm going to spend. I just got a i just got my student loans and i'm gonna put it all on apple and they just cheer you on. Just say yeah do it and try to make a lot of money. Our try to lose a lot of money. They tell you on that you lose money. So that's why they robinhood because you can't really do these kind of bits and a at these other apps or even like your bank your baked me let you do different kinds of investing. But it doesn't you all the very intense and very risky but also big returns bets like Robinhood does return a really big losses. There's a reason. Why a number of these investment mechanisms think things like investing in puts and stock options. Though those are there's a huge potential for losses with this kind of investing a traditionally. This been really been reserved for more traditional dusters. That's part of the reason why it's courted. Some controversy right like this is a company that even before all the game stop. Hoopla has been accompanying that has caused some controversy and some criticism for the way that it's gamified the investment process. Yes especially last year. there was a bug that happened last year over a it was kind of a between last year before where people were able to deposit two thousand dollars and they were able to borrow essentially infinite amount of money from robin hood. So you were having these young guys in their early twenties. Maybe like the late teens. Who were all of a sudden pudding in these Short says these other options for stocks and within seconds they were down fifty thousand dollars eighty thousand dollars and they all kind of cheered for that though. So it's it that became a. That's when robin hood really got a lot of people's Because all of a sudden these kids were losing out on big money and they were. You know there were some people that I believe there was at least one who took their life Because of it it is. It's a risk that you're putting in the hands of people that can't even drink yet and they're being cheered on by other people that are saying. Hey if you do this you could make a lot of money. Quick and things get on head
Entrepreneur on FIRE
How Cody Sperber Completely Screwed Everything Up & Still Got Rich
"And on that about is just this topic about how you completely screwed up. Not just something but everything and you still got rich and this is a fascinating topic. Is i know having spoken to now. You know well over twenty five hundred entrepreneurs on this show and speaking entrepreneur fire nation a lot that a lot of people who have never quote unquote and made it or gotten rich. They seem to think there's just like this one chance they get if they don't hit out of the ballpark and just hit a grand slam on that one. I try they're doomed forever. They're living under a bridge. They're eating out of some trash. Can this on fire like they just have literally that's the perception but the reality is the you know and that i know and that all the past guests that i've had on tried to share and get across the my audiences. Listen you can literally screw up everything for years and years and years one thing right just one thing and you can become filthy stinking rich so break this down for us. Cody how can you screw everything up and still win at this game of life. Just think about your own personal john. I can only imagine you've interviewed so many people when you first were starting out. You had this vision of what you wanted to do. But as you started taking steps to actually you know put in the work and make it happen for yourself. How many new things constantly just unfolded in frail. I mean literally. Ignorance is absolute bliss when it comes to something like this. Because if i had known what was going to be involved with the growing this media empire like i probably would have been too scared to start but i know so. You're right. I just had to start and i found a bunch of things along the way and just had to keep knocking them out. If you don't have or passion for whatever it is you're doing you're not gonna make it through the fires so i mean that's a core thing they gotta have and if you don't have it right now you're working a dead end job and you're one of those people that says oh man i want to go to work today or it's the weekend i can't wait for the weekend do so i could take off and chill and barbecue and stuff. You're in the wrong profession and you need to do whatever it takes to find. What your purpose in light is. Because i never feel like. I'm going to work i. I'm so obsessed with what i do. It's all i think about all the time. And i love it. I actually get irritated when things get into way of me. Living my life's purpose so so. So that's that's kind of the practice of it. But you know it's not about one big win it stacking little wins along the way and it's about developing your core skills and capabilities as you're on your journey. I you know. I can envision trying to start. I don't have a podcast but harrington starting a podcast realize. Oh my god. I got to know how to get listeners. I gotta learn how to do graphic design. I gotta learn how to talk properly and be concise and there's so many other skills sales skills business skills that go into being able to do what you do. I can only imagine how many little steps older printing so for me. I've always been the underdog. I've always been person that When i when i was a kid i had extreme hyperactivity disorder with the called it. I was on ritalin. My dad was really. He's he's my hero. He's an amazing human beings. He used to walk into my room and tell me hey. Don't listen all the teachers doctors and everybody. Don't listen to your mom. You shouldn't be taken this crap. And he would switch out. My ritalin with a multivitamin so awesome intel my mom. Oh yeah. I gave it to him because he always told me. That's your superpower kid like don't ever forget that like that's to be the thing that's going to take your life in in so i was always if i was into something. I was obsessed with it. Otherwise i totally neglected it. That's why did poorly in school. And i'm sure a lot of people listening this probably relate to some of this You know i was always passed over pushed around. I was bullied. I was sidelined. I was the underdog. And i didn't understand it as a kid but as you grow up i got used to being with my back against the law. I got used to being in a pressure situation. Where i was always trying to perform and it has an adult manure. It's the greatest thing ever. Were you like that. On on any level john absolutely i mean for me. I was just that person who's always struggling to truly envision. Like what is that passion that i have in life and i didn't find it in my teens. I didn't find it in my twenties. It was literally all the way to my early thirties before i was like. Oh okay. I don't have to do this job that i know i'm gonna hate the next forty years so it absolutely took time. So that's why. When i talked to people that are fifteen. Twenty thirty fifty and they're like you know what like i still don't feel like i found my thing. I'm like hey sometimes it just takes longer and sometimes we're not all born as entrepreneurs but we grow and develop into entrepreneurs because that was me for sure i wasn't selling baseball cards at twelve years old. I wasn't running around like you know selling newspaper. I wasn't doing anything. Entrepreneurial at all until i was thirty two years of age so it came to me later in life not late in life but later in life. And i really do love cody. How you talked about stacking little winds in for me to game changing books that i read back in two thousand twelve and i was getting my entrepreneur. Journey going is the slight edge by jeff olson. In the compound effect by darren heart because those books talk about just that stacking these little wins and when you stack these little wins over time they give you the slight edge. It was turned into a massive edge. They compounds and they give you this compound effect into massive massive winds so fire nation when you look back over a month and you're like i really accomplish anything big this month hay. What are the little things that you did like. What are the little things you're stacking. That are over six months twelve months twenty four months going to cause massive massive win so i want to kind of move into cody. A little bit about why. This game is rigged. I mean you know. I know that you screwed everything up in your life at least once in your still winning and you're still it would be financially successful but you were able to identify because of that. This game is rigged so talk to us. About what exactly that phrase means and of course how we is fire nation can beat that ragged game. I got into real estate about sixteen years ago and as as an investor down create a real estate investor. And so. I had very little resources. So i was looking around trying to figure out you know how to make money in in what i was going to do with my life. I was just coming out of the navy. And i was like okay. I got to figure something out at at a certain point. I wanted to be a history teacher. And i went and talked to the history professors down at san diego state university and i said how much you guys make and they started laughing and they said we gotta have two jobs just to survive and so i was looking around for something and that's when i discovered no money down real estate. Investing in was because a friend flipped a house and made eighty thousand dollars in a couple months before that we were party in he had nothing to his name and now he's driving a brand new mercedes in at all this money and i was like how did you do that. He's like i did this. This process called wholesaling. Right flipped a house. And i made this money. I didn't have to have a real estate license. I didn't have to have deep pockets. Didn't have any previous experience. Somebody showed me how to do it. And i i did it. And that was for like one of the first times where i realized. What don't i know about making money. What don't i understand what wasn't taught to me in school. And unfortunately a lot of people grow up. They don't have financial intelligence. We're not taught how to be great at making money. Not really making money. We're taught to get a job you know and that whole spiel where you're conditioned from your teachers your parents in your church and school get good grades and get a good job and you work away up the corporate ladder and so once i discovered that there's this whole world of creative real estate out there i just went down the rabbit hole and when i say the game is rigged. There's a million potholes and hurdles in your way but financial intelligence takes energy in after. I'm horrible at math. I loved to make money and the two don't aren't required to go together and I look at this damien. go all right. Needs to be more education out there taught especially if we go upstream in and work with young kids which is a lot of charity. Work and stuff that i do Works with underprivileged kids onto. It's because i. I gotta get them. Young got to change their language patterns their relationship with money needs to change. They have to understand that letter running a big corporate businesses. They don't want you to break free and go and start your own business and be their competitors they want you to follow the rules and sit in see and it's kinda that old school mentality where they just want you to follow the rules and for me second. I started asking better questions. why why. Why do these things happened. Why don't why aren't they teaching. These things and i started going down. The rabbit holes started finding some good mentors in my life. Everything starting to ship and what you'll find is once you start down that path. It's impossible not
The Young Turks
Kelly Loeffler's Atlanta mansion 'Descante' mysteriously dropped in value by millions of dollars, giving her a tax cut of roughly $88,000
"Republican senator kelly law flers multimillion dollar home rapidly depreciated in value resulting in a much lower property tax bill. Now no one can explain why especially at a time when all of her neighbors property values went up She and her husband had pumped money into remodeling this extravagant mansion. And usually when you do that the property value goes up. But i'll give you the details and you decide for yourselves. If something shady is going on leffler in her husband. Jeffrey sprecher bought a fifteen thousand square foot atlanta mansion known as discount for ten point five million dollars in two thousand nine the value of the estate as praise by fulton county government officials for the purpose of calculating annual property tax stews. Remain the same for the next seven years but then something weird happen in two thousand sixteen. The praise value suddenly plunged to four point. One five million sixty percent decline. So how does that translate to lower property tax while property taxes of course are calculated based on the value of the home and if the value of the home goes up your property tax bill goes up and if it goes down of course your property tax bill goes down now. Originally they were paying two hundred thousand dollars annually to the city and county governments in property taxes. That in two thousand sixteen after their home's value dropped. They paid ninety thousand dollars since then. The appraised value of their home has risen to roughly five million. But they're still paying about eighty thousand dollars less a year than they did when they first bought their home
The Ken Coleman Show
"Should I Sacrifice On Pay To Work In My Dream Career?"
"I am coming to you. Live from ramsey solutions. Studios in nashville. And you or joining a conversation about who you are what you were created to do where you want to do that and how you can get there. It is a different kind of talk radio talking purpose and your purposes and actually about you. It's about others. You were created to fill a unique role in and through your work. That means you are needed your tremendously valuable and it means you must do it. You must do that thing. You must perform that role because somebody out there need you to show up day in and day out week in and week out year in and year out and be the best version of you. We're talking about working like no one else. Combining that personal mission with that professional vision. Taking your mondays back. You shouldn't be miserable driving in on monday. Life is too short live for the weekend. Sadly workers all around the world. Try to make it to friday quitting top and it's been the next twenty four forty eight hours trying to drown their sorrows sometimes literally from the week ahead and sunday night. The tension returns the misery returns on the way into the office on monday morning. Folks if that's not what you want you're in the right place. Eight four four seven four seven two five seven seven to call in show at your show. You're one phone. Call away from clarity. You have the answers. It's my job to pull them out of you. Let's go eight four four seven four seven two five seven seven. The website is ken. Coleman dot com. Follow me on instagram at. Ken coleman to be equipped encouraged and even entertained from time to time. We started off in jacksonville florida. Michelle joins us there michelle. You're on the ken. Coleman show how are you. I'm living the dream. Shell what's going on. I said i'm good. It's a pleasure to be speaking with you today. my question. I'll start off you know. I'm in the lamar. I'm wondering if i should sacrifice and take a lower paying salaries in which is a significant pay cut to pursue a position in a different field. The work well. I need to know more before. I answer that one. What is the field of work and then take me further not just into the field because that the it implies that you're gonna beginning entry level here which would be the reason. Hey cut but take me to the dream. Take me to the mountain. Top in that field. So what's the field and then what would be the dream job So i wanna get into human resources. I actually don't know what my dream job would be within the human resources umbrella. I'm not sure if it would be benefits payroll maybe just a generalist position or employee relations. i'm kind of in the field now but not not so much. Kind of that core I'm in talent acquisition. So we're kind of alongside day. We partner with them a lot and become the company i work for. It's a great company. But i've been kind of just stuck on that talent acquisition side. There hasn't been many opportunities for me to jump human resources or even to learn Other than kind of that surface. So i you know took it upon myself to explore other opportunities outside of the company to really see you know what is out there for human resources. How can i get started I've been in my line of work for about eight years so with that. I've got promotions. I've thought raises. And at this point. My my compensation You know a little bit higher. What's your station about. Eighty thousand right now while. Okay so i think. I i gotta tell you michelle. I think. There's a disconnect somewhere here. I don't know how someone is sharp as you who has moved up the ladder in talent acquisition. Now making eighty thousand dollars a year. Can't catch a opportunity to move. I even want to say laterally in your own company. And i'm not doubting you. I'm just saying there's a disconnect. How is it that you are succeeding and growing in company and and not and not one opportunity to move over into the hr side of things has ever developed. How is that possible. Since being with the company i i've seen you know opportunities for between only just a couple you know would pop up here in there. Maybe once a year once every six months and either we're looking for more qualified people so that means searching externally for someone that already has those credential or or kind of competitive internally. We have a big. Hr team so everyone trying to shift on over okay but you will. Have you made the right relationship connections within your company with the hr decision makers given that you're working with them in your certainly in the same building I have to a certain extent. I haven't you know bluntly tell them that you know i want to be in a pause. I'm not saying that's the. That's the single silver bullet revelation of this phone call. But that's a big one right there. The wing you said it actually is beautiful. You said it really. Well you've just haven't bluntly told him. I want to be over here. Don't you think that's a challenge. That's a problem. I guess. I am. Because i haven't said that i'm kind of afraid of their reaction or or what they would say or if they interpreted. What's the worst that could happen. Let's let's go to your. I love this exercise. This is the monster under the bed. That our kids tell us dan. I'm telling you there is a monster. There's a dragon is going to eat me as soon as you close the door.
AP News Radio
Guitars played, partly made by Eddie Van Halen go to auction
"Two guitars that the late Eddie Van Halen played and helped design are going up for auction starting December fifth emerges our letter with the latest Julien's auctions as it had planned to auction the two Eddie Van Halen guitarist before he died on October sixth the guitars for sale or a two thousand four EVH Arbil arts series electric guitar and a customized one Van Halen built with his guitar tech Matt brook both have been healing signature stripe paint job and each is expected to sell for as much as eighty thousand dollars the option also includes a fender Stratocaster that Kurt Cobain smashed under bond is nineteen ninety four tour and Michael Jackson's crystal glove one on the Jacksons nineteen eighty four victory tour
Marketing School
How To Scale Your Offer With Ravi Abuvala
"Everyone today we've got another special episode of Marketing School. At this time, it is with Ravi. Bhalla I think I got that right scaling with systems he's chief scaling officer. We're GonNa let him explain what that means in a second, but she's comes affirm that helps other companies scaled to multiple seven fighters using virtual assistant automation systems and I love nursing out on this type of stuff you know whether it's marketing whether it is you WanNa talk about mergers and acquisitions there always are systems that you have to follow and really great. To Have Ravi on the show. How's it going man? I'm Doin' excellent Eric. Thank you so much for having me on longtime listener actually just in the last guests that you had on us to swift. So that's actually how i. kind of had stumbled across through guys in the first place and everyone that's listening. You got so lending ears, I. Hope I gave you got some value today for sure it's going to be dig out as. Many nuggets as I can for everyone. So let's talk about it. I mean scaling what systems, what is your definition of it and maybe some practical kind of case studies examples yeah it'd be happy. So we essentially take businesses usually higher ticket service space businesses, and usually in the business sector. So online advertising, we've done real estate investing real estate residential search engine optimization. We've gone across the board, but essentially, what we do is we help. Them scale by setting in systems automations and the coolest part about it as we have a training center in the Philippines and we place fully trained virtual assistance inside of our clients companies at about three dollars an hour. So we essentially teaching them what they need to do or grow and scale sales, funnels automations add we can nerd out on that, and then we actually give them a virtual assistant that's going to do that work for them. Got So maybe I mean stories are always a good way to explain kind of what you do. So is a case that you can speak to his for example, I work with this type of company and we did this specifically and these are the results that they saw. A glove too. So there's a few different ones but I just was on a podcast little earlier on a day and gentleman was creating podcast essentially PR company where he gets other people on podcasts and explaining to him about a client of mine. Adam he is an incredible company mogul insider and he came to us he didn't really have know what he was doing. He said how what kind of run up your company but I don't know what I'm GonNa do and I look I've been on these PODCASTS, their incredible I've been monetize. An quite a bit just from the value on giving people reaching out to us as are the biggest issues in the marketplace is in this industry is you give people on podcast, but the other issue is that you're not figuring out teach people how to monetize that podcast like how do you actually make money from you just saying, Hey, I have a great product or service doesn't really do anything and so what we pretty much did is crap in a back end off for him so that he was actually teaching his clients, how to. Generate sales from the PODCASTS that they're getting on how to generate leads and sales from, and so we essentially helped him construct that and he came in literally dollars in the bank. When he started this product with us, we taught him Dave, the virtual system created a sales funnel forum, great video sales letter first thirty days he did about forty thousand dollars in monthly recurring revenue, and then within six weeks, he had about eighty thousand dollars monthly recurring revenue, and that's literally before he had even finished paying us off he was already at. Sixty thousand dollars a month recurring revenue from zero and it was because we were able to number. One system is the back end offer so that it was something that was the product market fit and just pour gasoline on the fire by having instagram outrage linked in outreach email advertising that kind of stuff. So just to clarify, did you take him from zero to eighty k. a month or so to sixty km length or both? So zero to sixty K. and then he actually joined my higher. Here's like look this works like with your. Higher level, and then we took him to eighty K. and we did that literally just by working a little bit closer with them and adding in I think organics are great way to start a you guys obviously deal talk about Seo Inorganic and we do that really really heavy. But at some point, obviously throwing in the paid ads aspect of it can really light a few on the fire and that's essentially where we did after we have a product market fit? We know the Messaging Works and We know that sales funnel converts then we're actually GONNA turn on pay traffic and that's how you Agassi take off. Got Just so I, understand this are you basically helping people craft their offer and then you're helping them scale it and then you had a va just to say, Hey, you go. We're going to take the training wheels off go a great question. So actually most of the time people already coming to us with an offer a product market fit? So he already had the idea that he. Wanted, and usually we don't work with or like I want make my first dollar online because that's a whole different person. That's like, Hey, I already have testimonies I have case studies. I just can't get enough deals. I can't get enough appointments on the phone whatever it is really great. Most of the time that has to do with you just not having enough attention and so day one that client works with us they sign up with us and work with us. We pretty much crafter messaging regret. What channel did you need going on and then we give it to the virtual assistant who does that outreach for them and so it's not unusual for client of ours who averages wanted to appointments a week before they come to us come in and within twenty four hours, they have about eight to ten appointments on the calendar for their service.
Unhappy Hour with Matt Bellassai
Baa-a-a-a-a! Pesky goats block Trump motorcade en route to New Jersey golf resort
"Talk about the worst news of the Week I. A small herd of goats is responsible for blocking the presidential motorcade last weekend and Don go. Go Young Donald I was trying to travel to his golfers or in New Jersey obviously because we're in the middle of a pandemics where else would the president be but a golf resort? And our our good friends the goats would had the good sense to get in the way disruption protest goats. Did. We have any doubt that are abolitionist goats that we feature regularly on this podcast would be on the right side of history. I did it. I knew. Yeah. Fred started as the Harriet Tubman of goats, and now he's becoming the Malcolm X. of votes. He's saying protests violent protests necessary. I'm just GONNA foment. Insurrection via goat. We love a political goat lava political goat I mean maybe especially because these goats technically work for Donald according to a White House pool report, there was a brief poss- during drive onto the property to make way for a herd of goats that live on trump's property. He gets a tax break a property tax break known as farmland tax break worth nearly eighty thousand dollars a year on his golf resort because it's supposedly doubles as a goat ranch. According to the Wall Street? Journal. Yeah. So I, guess there's like a a loophole for landowners. Who if you say that you're like property is technically like an agricultural project then you get fucking tax break. So you know what this makes me WANNA do. Primal, SCREAM That's fucking primal. Scream I mean within I haven't like truly truly gone off on this pod. It makes me so mad when people call Batman a businessman, he played a businessman on TV he. Hey businessman that's. It's insane. It's like Meryl Streep was not editor in chief of Vogue magazine. Okay. She should be but she's not. But yeah. Apparently, the trump national golf club in bedminster maintains one hundred thirteen acres of hay farming and eight goats, eight goats, and you get eighty thousand dollars a year. It's ridiculous. It's not enough. Goat's remember when that person last time by bought like five goats and it was not one hundred dollars was not that much. So apparently that's all we need. We can go in together on five coats and get. Nearly. One hundred thousand dollar tax break. Let's do it I'm