35 Burst results for "Eighty Thousand Dollars"
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
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
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.
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 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
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
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
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
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
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
"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.
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
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.
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
Twitter Will Be Fun Today - The College Kids Who Hacked Into Twitter
"Today's guests. His Hip Awan CEO of Afani. Secure and private cell phone service locum his Heeb. Thank you Laura for home. You'll show. You were one of the investigators in touch with the young people who hacked twitter last week and gain control of prominent accounts, including those of Joe. Biden Obama Elon Musk and others as well as those of crypt companies like coin, base and finance, and when they had control those accounts, they were soliciting bitcoin from twitter users. How did you get in touch with the hackers? So Laura be in like. four-time itself, so then after I was so pissed off that angry that I said I need to solve this problem, and so I've entered into a form that relates how they have those accounts holiday getting pretty much all the ring of how they operate so. When you say that they had had your twitter account, nor they have my Sim Sark four times. Okay, and when you say Sim, swaps just described that in case, listeners does up. Does improper pretty much. What happened is like someone will take the form so the underground market like think about Ebay, but like I knew democracy with information. So you said your name, your information social security number your call logs your life, your life, location or anything on you. If I say hey, I need to find out for Laura Shane telephone number, and they'll give me telephone number will give me a call loss to give you. An everything comes through telephone numbers of numbers unique, and then if I say. Say Hey. I need to take the phone number 'cause I need so they will just prophet abuse him that I control, and I need to pay them few hundred dollars now. Your formula not work anymore because I had control of Sim card, so then I use that telephone number to get into a g mail, facebook and twitter, so if you go on twitter, new likely rescinded to email our number. If it's telephone number you've got. Someone's adopted very common technique deployed across US for a long time. So. The twitter hack twitter said that their employees had been socially engineered, and that's how these hackers gained control the systems. Are you saying that? Some twitter employees have their account. Sim swapped like how how does that you or Simspon tried? These people relate to the twitter Hack Greg? You wanted to ask me like how to get in touch with them so I'm trying to understand. You, that of analysis himself, so started going into the industry into this form than trying to see how they operate and to Dodd funny, so which will provide the made acadia that probably that cannot be Simpson's. That's what we did an offer that. VINCI START GETTING customers. Have you would actually getting a lot of attempts to do so? You would getting Dempsey pretty much every week that someone prior to himself or customer, trying to like hack into our system and mend the failed. I got in contact David Mayhew call, they would email method you and they will do all kinds of attacks. You know they'll try to let pen to pen tests. The everything did and obviously in one of the cases restocked immunity stopping messing around it right I know what you're up to. And after I got in touch with him to signal and author that the lake. Not I won't say that become a friend, but I told them why you're doing this. Thank you know you should not do this multiple hackers and they said okay. If you don't have anything to do pretty much, does it okay? Why don't you get a job? He said job, and then they start feeding the all information to proved at. Legit than a lot of information and how I was getting information from a lot of talk of the vote. And when it all this happened that you got in touch with him and had it happened late four five months ago. Okay They were diverging to me not just for this hot, but for other purposes to ride like a kid discount. Lot of databases beach everyday, so they wanted to see that a hey. If I'm interesting in the database, just wanted to work pretty much. is not money. It's also about ego that they wanNA prove something that they would do something so. So Mike Context for not hacking, but they'll be into the songs that they had access to. That follows A. Up I didn't want to. Excessive today were passing me. Hey, today. This is for sale to do sports on tomorrow. This person's so on the deal stood attack. I got a message that will be fun today, and when this message I thought he'd be like a distributor barks. Like scam scams, and but after why? That's all the kind. We got attacked ten. Finance Accounting Noble at depth one time. I taught that it's just a third party API like you know you have like you know where your schedule. The in everything I thought that may be compromised, and that's how they got author. Riley said No. We have everything. A screen chart I tweeted screen shot, and after that is blue. Well and so, who are these people? who were the people involved in the actual twitter hack? The difficult to identity like frankly I don't know I can speculate, but obviously because someone security and privacy I don't want to speculate but I can tell you wanting like college. Kids are maybe like someone between eight, eighty, twenty, one, twenty, two, and they are video gamers. They'd metaphor armed, and they found fascinating for them. Dislike a game like you go into video game on you killing you do stuff for them. It's like that. They, probably living in some way or radio patterns right now in basement. Who does not even know anything? and. They just do it for fun. Obviously, money's there, too, but most of fun for them is just a today. And so originally. The way you got in touch with them was they were targeting these different cell phone accounts, and what does motivation and taking over the different cell phone accounts so for account you can actually to when people take account, they can actually destroy you financially emotionally ended up recently, though by financial I can say they can get into your county bank accounts ticket by Tiptoe through that they can buy a lot of levels of securities financially they can do. obviously going to facebook in an email to, and then they donor all information from your facebook, and then they start blackmailing you that. Hey, likely when a lot you have done this like you know you have this. And you have to pay me this information out there and a lot of people would have to pay them the money because they don't pay the money. They looted operation right so and then third party. They just become Parson Mike is the word processing me. blender used to take my county new. They cannot get anything, but they wanted to talk to me. Just fun for them like people. Some people are sick. Like how did they pick you out of all the different people that they could torture also the league, if not just me like everyday hundreds of people to get them soft, though I'm just one of them on average, every second medical become victim of since up, not himself but cybercrimes so. But I had the impression that this was primarily targeting crypto currency people, but you're saying it's any bundled nor I think eighty percent of people who was himself to an entrepreneur L.! And the new in the cases of those people is it like personal vendettas that they're trying to? You can make more money by a hacking Lord cell than anything else you know. is one thing but Lloyd is like one number one target Loyd and has professionals league doctor medical doctor then. In Lord other number one targets in suffers, and what is the motivation for targeting lawyers Don. Money don't happen. How do they monetize that Yeah, so I tell you doctors, basically busy less tech, savvy and rich. It's that easy to find out any doctor information. You can find out who the best doctor in the city and you consume. Stop Him. And once you get into that account, you can transfer money between accounts who can be that people have been? Going into the count, Simpson calling the bank making via transfer, and then just checking accounts. That's pretty common. For for doctors to clinics have a lot of money. If you'RE GONNA clinic, instead he did even like five hundred hundred million dollar distorted the front because Alaska. Election for them. Okay, so let's go back to the twitter hack. They were some names that were identified of people who are involved these names. In The New York Times article that quoted you as a source one was kirk. There were some other people ll and ever so anxious. Who were these people? And how did they know each other? So they don't. Know the Best Birdie. They just hang out on rooms like chatting channels lake similar people on developed talked with you. The pirates channels. We had people a go if they WANNA have information to the document industry for finding information. If I want someone associated Gordon dissipates on one. Don't get call for these people trade information. And you asked about like a leg. Imagine your lawyer and you are fighting for my open kiss. We begin go to the website by that long since he will. They are who they're talking to the day can. Make some delays on them. That's one thing but other than that. These people are just a game as they would play like you know different video games and kick the die, who was basically a source of the rate industry rock says they'll be extra agents, and they are in room for longtime and David. Obviously you want you want something you don't trust the new guy. The new guy who is basically the main culprit punching the entity because multiple reasons, but the main guidance, the just which had A. Reputation. If you say you want a username of Laura at Laura, Shannon inactive. You may not trust kick, so you can do this. Middle Diane Tell Them Hey, can you hold the money for because you have a good relation? Because like Ebid forums generally have a petition systems. You know so then you ve into this guy like you know every inch it He went to care. Concur depended he the credit employees but I. Don't think he was employees. And, then he gave him the concert start building. So this is just a middleman. He was just broken deals. You tell them what you want. He was just keep his car and transfer the money. The is completed that fall. And so so kirk was was saying that he was a twitter employees, but as you said, you don't think that he was, and he was essentially selling valuable twitter accounts, and if people didn't trust, Kirk, they would use ever so anxious as their middleman to get the different twitter handles that they wanted. Is that what happened? That's correct. Good Gig, only unharmed on in July of. July it was very recently. that. He actually came so obviously not trust someone admit. That soon. July seventh in the New York Times article are. Limited okay, but all right so but ever so anxious. How to longer reputation and. And that was who people are transacting with. And so then. How did BITCOIN come into this? All. On these things happen through Bitcoins, so the way it started was they were selling. This twitter handles four bitcoin and then later. How did the scam change? So I. Personally is what I personally think. That kid was in touch with the employees who was giving these accounts. For a few thousand dollars. And then. Either bribed him. Architects. Social Engineering Him. Legs because like hey can do. This is my. This is purely my speculation that you're working for so long. He warned the trust. Any may have said Hey, can you log in forbid I wanNA see how it looks like something that he made it something so the guy is pasta on. Hey, just do it, but don't do anything crazy. You Know Butt kicked. Decide Okay, man I can just go on or can also go online with I can do it I can. Can also go on like you know. All those accounts crazy. That's what I okay, but you're just speculating. You don't have any proof that or or do you know what? I don't have any proof of that I don't approve. Have critic probably do it? And Kirk? Is probably a guy called coup, which is on a farm for a long time, so he speculated that he someone that was in the industry for wide, but not. Approved that. Kicked it, but from all the action than everything it all points to cook. Irene so in a moment we're gonNA. Talk a little bit more about what happened. Exactly I, in sight, twitter and scam, but First a quick word from the sponsors who make this show possible. How much in fees are you paying? CRYPTO purchases now crypto dot com as waving the three point five percent credit card fee. When you buy crypto apart from crypto purchases, you can also get a great deal on food and grocery shopping with crypto dot. COM Get up to ten percent back when you pay with their. Visa Card no card use the crippled dot com to buy gift cards for up to twenty percent pack download the Crypto Dot com today, and enjoy these offers until the end of September. Looking to connect with thought, leaders, innovators and blockchain enthusiasts welcome to T- forum a weekly virtual series about all things tasers. Equal, feature presentations about the latest advancements that healthy ecosystem grow together. Interested in speaking at t quorom, submit your presentation ideas and the tasers community will vote on who comes to the podium next sign up and learn more about the virtual series at t quorum dot com. Back to my conversation with his Heeb Awan. So, we don't know exactly how. Kirk got into twitter's internal systems. However Once. He or she did then what'd he do or or she do with their power? So. Kirk than they went to buy I think. Start with by notes I'm coin base. And the see your finance and he made it account Egypt first of all. What did it was did with other? Account. Okay, which means when you log in, it asks you to do a second type of security, which is hopefully. If you're in the crypto space, you have used something like Hugo, authenticate or key, and you're not using text message based second factor authentication. Where they sent a code your phone because otherwise if he gets swaps than than having no. Buyer so. Removed that and then keep going good thing. They added wall a secondary second. You know Autodata so now. I'll give example like you have my username seep, so they moved to a FE, and they're also removed. Jane, Email. And then they. Did possible reset. So the new email guard, the chain deposited garden the account. and. tweeted whatever they wanted. Well, and what were they tweeting? So, they were tweeting that you know. About Co. Ed Nineteen I believe like you know because of Covid, we like helping people. I don't remember the wording. Health Has Something and they said Back. And this is video any comments in YouTube. Actually they were so good that frankly sometime I get like you know Oh my God like the able to make it like a secondary thing. That's real you know and like, but this happens pretty commonly, and and it's happening for almost two years now i. It, really is the kind of thing where people think it's real I honestly. Had created a question for you, which is who are the people who are savvy enough to own bitcoin and know how to send it, but not savvy enough to spot. What to me seems like an obvious scam. Actually went on the Internet and are tweeted out this thing same thing I said like who are those people who can have sophisticated enough to buy Bitcoin, but knowledge to. Send. Bitcoin but I think leap Dick's everything. Like I agree people think okay. Let's give it a chance. You know it's like a lottery ticket. You know people may be, but they think what if this is true and other than that. If you like an must happening there, actually flaunted, be efforts on twitter. All the time with people are donating money on twitter, but they don't ask for anything they say hey, can you give me your Alfred Egland who this every day, so he will dollars to off fifty dollars for every person everyday. You'll say. Retreat this. I'll give you this money. So this happens right now and obviously As hit audible, read like you know when viewed come in people, people forget everything that you know. We have so many Ponzi scheme like so many scattered that happened that exist today could if I come to unity Laura investment scheme, which is a pretty good you know. He hit all the MACHIDA. But it only gives you five percent. You may not listen to that. Say Hey, Lord the Child who may tennis money tomorrow. You may skip everything. Cocaine is thousand and ten dollars tomorrow. Okay I'll take the risk from doing that. Hopefully I'm sure my listeners are savvy enough to know if it sounds too good to be true. But people do that I. Think I have estimated that around like maybe I. Just in this journal given us cam like. He put a lot of tens of millions of dollars and well not last week, but no, not over time overtime. Yeah, yeah, we'll be sending money, so there are enough food. I guess yeah over I mean for last week. The hackers did net about a little over thirteen bitcoin, which was about one hundred twenty thousand dollars, although analysts said that about twenty, thousand of it seems to have come from a suspicious address that they actually think controlled by the hackers to kind of make it look like this was legit and people were actually sending money. But then also by the way they could have netted more. However, Cuevas said that it did prevent more than one thousand customers from sending about two hundred and eighty thousand dollars worth of Bitcoin to the twitter hackers so oriented, so let's talk a little bit also about just what happened in twitter which was? Twitter blog posts. Hackers a targeted. Thirty accounts for forty five of those they reset the password and sent tweets from those accounts for eight of them. They actually downloaded that counts data, and then for thirty sixty legitimate direct message inbox, including one elected official from the Netherlands, and it was who. What do you think they could do with such information? I think it's A. Black, man that I've been talking to you about what happened with sin sopping. Let's think about it if you have first all that fool Phoolan that why didn't put? It wasn't like planned. I don't believe it was just like in the move in the heat of happened. BANDAIDS slaves. They clearly guy who just got drunken pretty might do everything but I think if you have access to like anyone, social media, proper social media like I have been I've received. Messages. And I but I don't believe that I think we have forged around. Believe the electoral, so, but if you have someone should media that maybe confidential information that can be misused by Stacey when leg if you do about it on dedic messages, a you know that's not confident that even with the journalist visceral broads. You know so I. Don't know who the information was. What fast, but that's video very very concerning and I believe this may happen on facebook or other social media from his. Because to same. Attack Factor. Yeah I definitely think that this is. One of those cases where it makes you want to just use encrypted social messaging APPS. Such as like signal or something, maybe what's up? So, let's just also talk a little bit about what we said before about how the hackers were able to remove two factor authentication on these accounts. Well, actually what they did I was. They changed the email address. And then the chain Laras Oh, actually bid on a there was A. There was an email. There was a blog post by somebody who had the at six twitter account, and they said they believed that the hackers change the address, but that when that happened, it did not send a notification to the original email address, but not I don't know if this person was surmising, you know six hundred interest in history, those belong to a hacker. Their the community of Hackers Gobi Twenty six hundred. That's like a court for hackers right. Not a quarterback, just like community for hackers and you were the hacker who ended up homeless anywhere. They will do attack into I think he would to. And he went into multiple you as homeless, but he was a hacker. And oxygen community belong to sixty name. Is this secretly off? I believe his name. And, but yes, but I think the first drift was removed and then. moved. To the letter. Control of it now thought it was the reverse, but either way. In Like for any of us who are in the crypto space who have been? Keeping up with our security and using things like Google. or UB and avoiding. Text message based to a or or any kind of to a based on our phone number. What? Can we take away from this like? Is there any advice that you have for Crypto? People on how they can protect themselves if the services that we use have loopholes like this. Let's not that'll be biased in obviously you know. Will. Finding here, but that's what we do, right. We work, but a lot. Actually I am surprised at how many a compromise them security argue out stocking some customer yesterday and they do You know an extra seat is probably the most I can tell you I know. We are making like a faces, but at same part exit. She's most prominent used offer manager for probably ninety ninety nine percent of the word. What would you recommend instead? Use a password manager, anything manager pretty much everything in the top five six. It stood, you know. Don't cheat on family plan. out on like those like a caveman. This company go with a better company. Even if you don't go the final leg, that's fine at least hell better company like Dourthouse I'm plan because no fan mace. You make you very vulnerable to now you're putting your own life on risk, but everyone who is in the time is. You know and the third party. Don't give out your telephone. Number molasses everywhere. You know like. Don't go to like you. Know have different email address if you want to. And you let you. At Google. Authentic get off your. There's something at one time I have statistics, said ninety five percent of people who are like major changes. Do not have to a fait. Sms I'm talking more to a and I think ninety nine percent of those are what you estimates to say. The people who've been additives Everyday I have started I deal with at least two or three people who get up everyday and came and we had some of the to affair, and I can get into that lot of people into the spark that they were not believe enough not to change it. please. Don't please don't be those people, but I can tell you like I've spent people and I said do this. Man How much time did it like five minutes six league. Logistics you Donald and APP, you know. have to familiar face. You know if you are very cautious, taken for a number, but I can tell you that Khomeini would make this mistake. Ordering will end and it you know, and in the end I did lose industry learn. That's was part. There was still use the same SMS to a fait. The dating did not happen to them. Again happened again. Because if it happens to once, you become more, you know your motorcycle getting out again. If they have found something and something, they just do for fun, and and you know what I because obviously I'm. Biased in a way that the. Customer. Time I've been a victim four times a feed Logar they can. What would you do? Please please please setup. SMS elected more music episodes into gear and please get family plan these I. Know You're saving their ten twenty dollars per months, but in the end you know if you call it a, it's like insurance. You can live without insurance to. But like you know. The one day you need insurance when you need it.
Report: Pujols paying Angels' Dominican staffers
"So no baseball season yet but altruism from angels veteran Albert Pujols who twenty eleven signed a ten year two hundred forty million dollar contract with the angels the LA times reports that holes is picking up the tab for lost salaries of angels employees in his native Dominican Republic those who were furloughed by the team holes covering a hundred eighty thousand dollars worth of five months a full pay for these team
MLB players union rejects league's latest offer
"On a return to work which will likely lead to litigation and the sports returned to a labour rift the union's action could lead to a season of about fifty games the players association could respond by filing a grievance that would be heard by an arbiter we're joined by ESPN MLB insider Jeff pastor Jeff as expected the players reject the latest offer from the owners the Players Association again asking the league to set a schedule rather than countering what does that mandated season look like what hello at this point because while Major League Baseball suggested that it will be in forty eight games that might do fifty games there's also the possibility that you could file a grievance against the Major League Baseball Players Association for negotiating in bad faith and breaching the mark agreement that has been part of this really part of the whole deal here and that would really blow things up so MLB's next move may be the most consequential of all but one of the players did today was was fourth pulling hand and and really show if there are going to begin this year we're going to get a sense of what they look like yeah you have that litigation as a by product of these negotiations so this is the last resort of a possible season and they'd also have to negotiate safety protocols which have to be agreed upon as well that said what's the earliest we can possibly see baseball played in a regular season boy it's tough to say at this point because I listen I'm not leaving out the idea that a negotiated settlement can come out of this you know the the PA today said I would feel like negotiations are over which is funny because honestly they never really started in the first place it was just to survive like talking over one another so I I still think there is the possibility of a sixty something games even if all the parties recognised just how stupid and self defeating this entire thing is and get together and get to see them on the board but otherwise if it's a forty eight fifty game season you know we're we're talking players not going to spring training for another month we're talking games not starting until after the NBA is scheduled to start at sometime in August and ending toward the end of September and then the you know just a regular playoff being played because the only way to have an expanded postseason like MLB and the players were both hoping for is that an agreement between the fact that in the absence of that we're just going to go back to the same one game wildcard out five game division series LPS World Series all right Jeff humor me for a second here our group is is known both sides know that in this scenario there is money that's going to be lost it's already known on both sides so why not anywhere in the range of sixty five to seventy five games full pro rated salaries and extra playoff teams like sixteen that's been bandied about so owners pay the players a hundred percent proration they get back some money with the extra post season games why couldn't that be some level of a compromise I think that's what the players were hoping for honestly and I think the players have gotten the sense that I think it is the the right sense that owner simply are not willing to do that they're not willing to guarantee the players one hundred percent of their full pro rated salary with the possibility of the post even being canceled on account of corona virus outbreak or or something else that that really could you know could derail the postseason there there is deep fear among the owners of the possibility of that eight hundred million plus dollars that they would get it from television rights in October just vanishing and in that money being important in their eyes to go and pay players yeah they they they are saying that their local television deals during the shortened season are going to be worth about nine hundred eighty thousand dollars per game they're also saying that players are going to get paid about one point six seven million dollars for games now the number about player salaries not in dispute the number about local television absolutely is in dispute it's something that frankly the value has been at the center yes the idea that clubs are going to lose as much money as they say they are and that's part of the reason why the players have been pushing it strongly if they have for their full pro rated salary they feel like they've lost a lot of money already to the games that haven't been place sure and they want to be paid for the ones that are going to be
Truth vs Hollywood
"Welcome to truth versus Hollywood I'm David, Chen and A. Truth versus Hollywood is look at films that are based on a true story, but we don't just talk about the film. We also talk about that true story. On this podcast will touch on what really happened. How that differs from the film and why and we're not just talking, heads will hear about the true story through interviews from experts, witnesses and people who were involved in it. It's both the real facts and the real facts are l. fix. What do you think that Joanna I loved it today Ridge? Today! We're talking about Martin. Scorsese's classic film Goodfellas Goodfellas is based on the book Wiseguy. Nicholas Pathology which, in turn is based on life of Mobster Henry Hill Hill was actually alive when the film came out and was very pleased with his film based on him, and as we'll talk about later, it definitely had an effect on his life. Pathology worked with Scorsese to write the screenplay and the film was. was a complete. It nominated for six Academy Awards and won one Joe Pesci for supporting actor. It's considered one of the best gangster movies of all times. If I put it on their list of one hundred years, one hundred movies and the Library of Congress decided that it was culturally important and added it to its preservation archives all right well. Let's get to the movie itself. It stars Ray Liotta. Hill Robert Deniro as Jimmy, the Gent Conway, who's based on Jimmy the Gent? Burke Joe Pesci as Tommy devito based on Tommy desimone Paul Sorvino Paul cicero based on Paul Vario and Lorraine Bracco as Henry's wife Karen Hill. Many real life figures at this movie was based off of an apparently Henry Hill ended up getting paid five hundred eighty thousand dollars because of the use of historian, this movie, which is a lot of money to pay to a mobster who has done very horrible things you know in watching this movie again. John Robinson one of the things that. I kind of realized you know or reflected on is the fact that we've been lost you decades seen so many movies about bad men, doing bad things, and that this movie kind of one of the prototypical examples of how they can be glorified an elevated in this. Movie makes that lifestyle look really glamorous while at the same time depicting some of the negative consequence lifestyle, but at the same time it does rubbed me the wrong way that like the people who are involved often are rewarded. We also saw this Martin. Scorsese's Will Wall Street as well. Similar dynamic, there so I'm kind of curious like as you're reflecting on your overall experience of watching the movie, and now that we know little bit more about what happened with the real life characters, and we're GONNA. Talk about it during the courses podcast like. How did it strike you that? This is based off of Real Person I. Think Scar says he couldn't have picked a better release. Go subject to to glum onto here than Henry Hill because though he is gangster and he's fully involved in this gangster life, he is a the likability of this character, which is really what's Cortesi was going for I've seen interviews. We talked about the nineteen thirty two scarface, which was the first time he ever saw. Gangsters depicted as really likable. When you Henry Hill. And he does terrible things, but he's a gangster who is a little squeamish. We see this the film and it's corroborated by true story of his life. He was violent crimes, but he wasn't a a mass murderer and You know the the charisma of him. I think is really important. He wasn't one of the most vicious people in this story. And so I think you're making good point that like. If you're GONNA choose an entry way into this world. Henry Hill is probably the ideal candidate in this case so. Well, the film opens with three men driving in a car, having a seemingly normal evening. It's then revealed that there is a captive in the trunk and than shortly after him, we mmediately get Henry's voiceover with the iconic line as far back as I can remember I always wanted to be a gangster. It's one of the most. Openings and Awesome History Joanna Robinson after nearly three decades. How effective did you find this opening? Well, it's funny. I did not see I was eight years old when fellows came out, or maybe nine so I did not see it in theaters and I didn't see it until later in life and but by then it already seats into the culture because it was so iconic. You know there's. Maniacs good feathers, pigeon parody, and like all sorts of stuff, so I'm going to wear of the beats of it, even though the first exposure to goodfellas was. Is what you're saying. Thousand percent absolutely. But you know so by the time I had seen it. I had also seen so many things that had imitated it, and this is true of like so many of our great films like by the time you get around to watching it. Maybe you seen a bunch of people. Knock it off and so you're like well. How groundbreaking? Is this
"eighty thousand dollars" Discussed on Here & Now
"Eighty thousand dollars in college scholarship. Money is on the line for the top steer wrestlers barrel racers pull vendors in bull riders. So what are we got here and this is eminem. He's my main goat harsh my rodeo horse. He's gotten he's got the farthest I won. The State Championship on him. Pay Address newson traveled to Wyoming with her mom into horses from Bozeman Montana behind us and announcers watching over roping session and then this is Felix. He's my younger horse. He I train him on the goats <hes> <hes> he is kind of a backup this weekend a buddy horror so the my good horse when travel alone they like to be with another horse. Yes anti brought him just in case something happened to my good horse in the habit backup. I wouldn't have tomorrow. Did I hear your mom say when your horses legs with swelling up a little bit my horses leg he kicked panel as well swollen a little worried about it but he came out of it so he'll be counter percent so he's ready to go for the competition Yep. He's what can pretty excited. It looks pretty calm. Does eminem no like when it's go time like when it's time to compete yeah. He knows he's pretty laid back but when the lights go down in the radio starts he gets pretty jacked up eminem gets jacked up for goat tying. That's Rasmussen's main event and what is that exactly so there's a goat on the end of a rope and he'll he'll be staked out at the end of the arena and <hes> what we do we ride in on our horses and we actually dismount our horses as they're running and we run into the goat <hes> we catch him on the end of the rope and ties three likes together with a string called pig string judge is purely by time yes just by time promoted by the time and you pretty good I yeah I am you had to get off the horse well. It's running mm-hmm. Yes in what's that like how do you do that without getting hurt. Lots of conditioning your body and working out lifting weights just making sure your body's strong enough to handle that anything go any speed but the faster you go more likely you're GonNa win so if you can get your body to where it can handle those higher speed and getting off in. You're going to be better off. How is your horse going isn't it full sprint and let's head towards saga full sprint I with him down until I get off so he's at full speed? Donald slow down at all and how did you get into something like that. My Dad works for the professional bowriders. He's entertainer so he's like the clowns the clown yes sir now. That's like the iconic Rodeo character right yeah you just Kinda grew up steeped in all of this Rodeo mean into you. Rodeo is more than just a sport to me. It's a lifestyle and it's really made better person. <hes> I've been able to experience things that other kids my age will never be able to mom Katie. Rasmussen asmussen explains why it's unlike any other sport any other sport you go to practice you're done after they practice this sport. They gotta take care of the horses in the morning and they had to take care of the horses in the afternoon. It's it's there's no off season because I gotta take care of the horses. It's quite <hes> physical and mental challenge. It looks like kind of a financial investment as well. This is does not look like a cheap sport. You've traveled with these animals is a lot of infrastructure in place here trailers gear equipment <hes> how much of a I don't want to see a burden but how much of the financial investment is it to make sure that your daughter can do this. It's it is quite a financial burden fruit for some more than others for me. It helps my business because I train raise train and sell Rodeo. The horses so it does help both girls have attained full ride scholarships to a major university <hes> although we joke with the money we've invested we could probably sent him to Harvard three times so it is a huge financial investment but it it teaches them a great deal <hes> and it's definitely rhythm Rasmussen's full ride Rodeo scholarship is it Montana State University where she'll start classes in the fall and if her family made an investment estimate.
"eighty thousand dollars" Discussed on The Bone 102.5
"Ways to twenty eight thousand dollars just for the from the raffle. Correct. And just dollar increment five dollar increments. Yeah. He takes care of the taxes. Also, if you don't want the corvette, you can go to his lot, and he'll give to whatever the cash is. You can trade for two cars when you're a gentleman one. And he he actually got three cars for his daughters at twin girls in high school a girl in college. And we worked it out to where he could he get small cars free to them this year, a an an eye. Doctor Kulik, really really neat guy. Really nice guy in plant city one. And it's only happened really wants before we had a. I'm gonna have to have you not allow rich people to win. That donate so much money. So it's kind of karma. I think but he didn't take the corvette CO six he selected a regular corvette Stingray. And because we cover tax title tag fees. We take that full amount of zero six eighty thousand dollars, and we subtract what the breaker corvette was we gave him a check for twenty four thousand dollars. He won't to vet. So he had enough money to cover the taxes the IRS next year right because you don't pay vet. So it worked. Yeah. Yeah. Yeah. This is the thing. And this is why it's not fair. Steve if he wanted to corvette, corvette he that need to ramble. We never know. The idea is the two hundred twenty eight thousand three I need I need. Bins ticket bins next week and one is all of the poor people. All four people saw wrapping the Ritz. All right. We always have usually Mike good make it this year. But might Cal comes out to the Florida strawberry festival where we draw the winner out of this great big hopper. And we pull one of the kids up this ten year old girl names. Zoey. And she comes up. She's this tall skinny little ten year old girl..
"eighty thousand dollars" Discussed on NewsRadio KFBK
"Your host Keith Springer and well, an important show as always a very important show. But this one in particular, if you're close to retirement, or of course, already retired. Because today, we're studying the six things, you don't know about retirement, but need to now, let's face it. Some things are common sense. But a lot is not. And you've got to make sure, you know, the stuff if you want to succeed in retirement, so many of these things gen oh, yeah, they overlook a most people just don't even think about some of these things because again, we never had these classes on retirement growing up. And that's why we have you here on the weekends Keith to help teach us the things we don't understand about retirement. But I was saying there before the break, you know, a lot of people done the right thing. You've been saving all these years for retirement, then you get close and you're thinking, okay. What next? So starting number one day on our list here is actually how to calculate your withdrawal rate in retirement. I know I've heard different rules about this over the years. But what do you think how do you calculate that for someone in it does change? That's a great question. How do you calculate withdrawal rates and a lot of this? I looked up different surveys. And I looked at surveys with hundreds and thousands of people and the stuff that the fewest people I recognize not only in my meetings with people. But for instance, only thirty eight percent of people knew how to calculate withdrawal rates. Typically, you wanna look at about four percent. Now, if you heard about sixty sixty five years old, some people say three point six because interest rates so much lower some say four point two or four point four the use a four percent distribution rate meeting one hundred thousand dollar count. And you're gonna take four percent that's four thousand dollars a year. Hopefully, you get a lot more than. Just sitting on say two million dollars in retirement on top of security, maybe small pension that's eighty thousand dollars a year and that will last without dipping into the principal for the rest of your life. The complicated part comes from tax strategies, which need to be applied to this which can change that number and that's very individual specific as well. As your age if you're sixty or sixty five you don't want to take much more than four percent. Because this money's gonna last year thirty thirty five years, and and for those people who think they're not gonna make it into their nineties. Guess again, most likely you are medical advances are going to go through the roof in the next five or ten years. Let's face it. You're not smoking three packs of cigarettes a day like your great granddaddy, did you not eating two pounds of bacon? Like he did much better shape. And so I met with someone yesterday their mid seventy seventy six years old. Well, of course, they can go higher than four percent. And I asked him once I worked out the tax strategies built into the distribution rate. It came out to five point eight percent. So again. It could be a larger amount if you're older, and if you have a limited time as far as life expectancy you now if you expect to be hundred twenty that's going to change things and we'd like to use age one hundred and I think that's important because too many things are going to change in the next ten twenty years. And so you think that four percent role still works today. Even though, you know, we talk about inflation all the time Keith how do you build the portfolios that keep up with that inflation and still allow you to take out that four percent every year, that's tactical management. We talk a lot about that on the show. And that's the let me let me mentioned the three different types of money management applies here this tactical money-management their strategic money management, and then this passive money management. We don't do passive. I don't believe anybody should pay anybody for a passive portfolio. But that's what most people are paying for the majority of financial planners brokers advisors have people in what's called, the passive portfolio. They don't tell them it's passed. They think it's an actively managed portfolio, but it's in a passive type. Of account. And for instance, you have a bunch of open ended regular mutual fund that's a passive account because it cannot they're not traded and not liquid in order to be tactical or strategic which is what we do. Those are the two types of money management. We do very active very hands on for instance. You know, if Korea launches a missile over Japan, we can sell stocks on Tuesday and buy some gold to protect just in case and on Wednesday things settle down and on Thursday. We could sell the golden by the stocks back again, there are no fees on transactions dach- tactical management. That's the kind of money manager you want to have. Yeah. Unfortunately, most people don't have that. So you're a question about building the portfolio in order to achieve those objectives. That's how you do it. You can't be buying hold. Or what do we call that by? And hope hope is not a strategy. Not a strategy that in my head already. Not for the other one that should be. Well, that's what lessons are important today. Yeah. Exactly. Because you have to learn these things, especially when you're entering retirement and number two on our list here today of the things that people don't know, but needs no here is the accurate way to estimate your life expectancy. But Keith, I don't know my expiration dates where do you start that conversation? No, let me look it up. I'll give you a you want the time or just just today. Your expiration date is no. And and basically, it's all life expectancy. And it depends on where you live in the country. It depends on what you what your blood type is. And things like that. Typically, for instance, today, I look this up a woman turning sixty five can expect to live until she's eighty six. That's according to social security data. Okay. A man rich in the same age will live into the age of eighty four. I don't know why he does younger. Yeah. Yeah. I gotta go. Now, we why you out of the way sorry. Now less than fifty percent of the people believe they would live that long. Now, that's just social security data my experiences. I if you're fairly if you're comfortable or fairly well off your eating better food. You're exercising more. You have less stress. You're going to live five or ten years long than that. Therefore, one hundred is not out of the question. Don, knock it down the lasting, and I tell clients this when I say, hey, we're we're going to one hundred you can't die before one hundred know, of course, they laugh, and then they say, well, most likely just me to ninety. I said I'm not gonna do that. Unless you insist because I don't want you to come in on your ninety first birthday and bang my door in and go you bomb amount of money. And I still have a lot of life left to live. Yeah. So yeah. So figure out at age one hundred and that's what the average person has. But most people sixty percent of people do not believe that they're gonna last as long as what social security says, and the majority of people listening to this show, we're going to live a lot longer than that. Yeah. I love that you give people some buffer room there because we do want to live longer. We wanna live more actively to that's an important piece. But another important piece of putting together, the income puzzle is social security, and we're gonna spend a lot of time on number three here today Keith because this is an important piece of you work with people on, but when should you take social security, what's the guidelines there? You know, they they want you to be confused. You know, how many options there are for the average sixty two euro couple I go back to the Google here. And the first results that pops up is one thousand three hundred seventy nine one thousand three hundred seventy nine different options. That's just not now. Of course, there's lots of strategies and less than one third of the people understood that now in various I want to stress this. Okay. Because it depends on when you take it. How long do you think you're gonna live? But when you need it as well now, a third of the people less than a third believed that if you wait and defer social security an additional two years rather than increasing contributions by three percent for the five years prior to retirement. Okay. You're better off delaying social security for those two years in general the longer you wait the higher monthly benefits going to be. Can you believe only fifty five percent of the people knew that waiting until eight seventy to take benefits gives you more money. Wow. Crazy. And if you lived age ninety so, but it depends on where you live. Now. There's a lot to this. And I want to get don't read sort of what investor PD I thought was really on top of it as far as social security, but let's cover a little bit on on individuals specifics. Okay. If. If you're sixty two and you need money social security grows at about four and a half percent. And it goes up a little bit each year but about four and a half percent from sixty two to sixty six and then sixty seven to seventy eight now percent if you need money at sixty two or sixty three or sixty four turn on social security because it's only gonna earn four or five maybe six percent, depending on when and your investment portfolio should be getting much higher than that. Let's say nine ten eleven percent. However, if you're getting close to sixty six or sixty seven, and then you start needing money, then defer your social security because then they're going to pay you eight percent guaranteed. I say, hey, I'm gonna make it ten percent on your portfolio. But I would take eight percent guaranteed over ten percent possible or probable, right? So very important. So you got to know when to defer one to look back a lot of it has to do now with the amount of payments now, it's about a fifteen to seventeen year break, even meaning if you turn it on if you think you're going to not live long if you have some chronic disease. Turn it on young because you'll it takes about fifteen to seventeen years to get more money. If you're going to live long, and you have longevity in your family, then sometimes you're better off waiting, but the majority of social security, there's two reasons one is what is the government going to do with it. And I liked the fact that if you turn it on they're less likely to mess with it true. And number two is Wendy need it. If you want to retire at sixty sixty one or sixty two and you need a little bit of extra income. Do you take from your portfolio or do you take from social security? I believe you take it from social security because it doesn't pay you as much as your portfolio or make. But it all goes back to the to the overall planning Jim that retirement master plan. And that reminds me Keith we are making a special offer for ten of our listeners.
"eighty thousand dollars" Discussed on KLBJ 590AM
"At investing a small amount of money and making it grow. This is a great avenue to do that. And what's really nice about our program to you? You actually received the software now with other groups, you don't receive anything you get to view things. And usually that software's way more complicated in you've got to go to technical school just to swallow. What you're even looking at let alone all the multiple different types of trades that they have we've got one trade. We've got one trade you're gonna learn about an hour. And it's based on what the market does every single day of the year that it's open and it's called a one-two-three turnaround. And it's it's really simple anybody can do this. So if you're looking to be productive from home, if you're looking to start a business or by a business forget that you're to want to check this out. You know, we have a young lady in our group. This is a great example, she's from Seattle, and she was looking to start your own business. She was. Actually going to buy a dry cleaning business, and she had never been in the dry cleaning business, but somebody told her it was a great price. And I think it was about eighty thousand dollars to get started. And she considered doing that. But she instead went into business for herself with our group and for a fraction of the price for well under ten thousand dollars. She was able to get started with us total out of pocket, and she's now in the group and productive making money after her training period and the training period is short. It's about two weeks. You don't need to go to technical school. You don't need to get a certificate. It's an easy follow along program where you can learn everything we do in a short period of time and be able to go live comfortably. And that's the great thing in a we prepare you. So before you go live with your first trade you've gone through that training, period. Yeah. And like you said we both do this. And last week. I did better. I did better last week in one day that I did in my previous business in an entire. Week. I used to work forty to fifty hours a week running my business, and now I can do better in one good day than I did an entire week..
"eighty thousand dollars" Discussed on The Dave Ramsey Show
"Wait be patient. The storm will pass. The spring will come. Never heard that quote from him. I thought it hurt all the Robert shoot or quotes, but that's a good one. Ten Ken Coleman. Ramsey personality joins us this hour. You can hear his show on Sirius XM I am. We are on one thirty two's. I right. No one twenty one twenty one and one. Eleven Esser yeah, Warrington he won in one eleven and so and of course the podcast is rapidly exploding as well. And the Ken Coleman show is all about figuring out what it is you're here to do and how about get about the business of doing it and Ken is really good at leading you in that process. Jody's weather in New York City. Hi, Jody. Welcome to the Dave Ramsey show. Thank you for taking my call. Really appreciate it. Okay. So I've been in the same industry for quite some time like twenty years, and I've always had an interest in aviation world. That's not what I meant out. But I currently. Your phone broke up an interest in what aviation pilots. Okay. Gotcha. Okay. So I'm on a debt and I saved up my fun. I have two children, three and five. And I'm just wondering if I would be selfish to go through all the training into becoming a pilot. Because I feel like it's a calling for me, but I'm not positive, and I'm just wondering if I should step into that world or if I should just continue doing what I'm doing and saving Ben retire. I mean, that's pretty much where I'm at right now and I don't know. I don't know what to do. I'm just kinda stuck. What would be wrong with becoming a pilot. Well, I've research coastal eighty thousand dollars that. And what do you, what do you now. I make fifty five policy Michael more than that. So you show if you spent eighty and you made twice as much as you make now that be a good return on investment. So that's not problem. What's what's the rest of the problem. I guess away from the family. That's real. That's real. But let's look at that. Do you have you done the research? What is that going to based on the cost and you're gonna do it cash. So that's another issue you're going to do this cash. So it's gonna take a little bit while high, but are you willing to do what it takes to be in the air and fly? I think I have to put my foot forward at least attempted and try and see where goes, I mean, get your pilot license alone is grants. If I felt like it was there for me, I would probably say yeah worth. It was unequivocally. Yes, I don't think it's probably I think your heart is so clear. Everybody on the air can hear it. Here's what I'm telling you. You don't need to fill any guilt. Here's why you've done the Dave Ramsey plan. You're doing the plan. You're going to continue to work in that job. That's making you fifty five thousand. You're going to cash low as you go. And because this is going to take maybe five, seven years I'm making that up. Whatever it is you're going to do as you go. And that means you're not gonna sacrifice that much time away from the kids. Number one number two, you're not going to starve because you're going to stay in that day job while you're pursuing the dream job. And by the time you get ready to be gone. Somebody Apolo the kids are going to be a lot older and the kids are going to see that mom set our mind to something and pursued it the right way and is happy and fulfilled what a tremendous life lesson. In example, you're going to be. I don't see why you should have any guilt at all. In fact, I think you should be fired up about it and take one. Step today, we might even guilt you if you didn't. Exactly. Thank you. I really appreciate it. Thanks for the call. Now reality is where she going to be a corporate pilot today. She might big on a lot. That's that's a little kids, of course. And that might not be lifestyle fits, but this is a process for it's not. It's not a snapshot. These are not instantaneous. That's just push button and decide your pilot. This is gonna take, but let's let's play this out. Real quick folks. You heard this if it takes her day five, seven years to be between the eighty thousand cash flow plus the classes and all the training that requires to become a pilot..
"eighty thousand dollars" Discussed on Before the Millions
"Years is a hundred and eighty thousand dollars. Would you sell that note make thirty five thousand or whatever? You know what I mean? That's that big on how moment I see many fixers flippers come to that big moment. I see many wholesalers comes through. That's quite honestly why I teach all of my clients to utilize all of these tools in their tool belt. Don't label yourself as a wholesaler, don't label yourself. A on flipper. You have to also be able to play the long term game. So what you should do is you should look around and depending on your situation and what's currently going on some properties that you're going to add into your portfolio. That's gonna make you two to five hundred dollars a month. There are some properties that you're gonna wanna wholesaler that you're gonna wanna fix and flip, but do not be a fixer and flipper do not be a wholesaler. That alone is not going to be how you're going to be able to build wealth when it's just like when you first. I mean, even rental investing when you think about the fact that can make two dollars a month on this. Okay, that's not really gonna put a big dent into my expenses or I can make twenty grand by flipping this or or wholesaling this the case may be that sounds good. I mean, that's that's how a lot of people thinking, you know, a lot of people on that listened to show. I mean, these are long term buying hold investors. These people wants credit cash runs to leave their day. Jobs, people want to subsidize their income and the best way to do that. The best way to get a return on your money is kind of what you're leading to. Now what you experienced when you realize that you're like, wait, wait a minute. I told you I have to get hit in the head with a baseball bat with a constant. They close. I didn't have a choice. I said, what am I going to do? What am I going to do? The whole world's coming to an end? I'm not going to be able to sell any more notes. It's a disaster for seven days. I walked around in a cold sweat in a sheer panic and then one day I just looked in the mirror and said, okay, well time to quit being afraid to figure out what you're gonna do. My sat down with a couple of smart people's, what the hell am I do now they said, used to buy a house, create a note, and then sell. The note make your money says night is going to buy a house in create a note. You can eliminate one step from what you have to do. It's going to get easier and you're going to be fine. Then I said, how am I going to be fine? He says, well, what are you got fifty houses in inventory and said, yeah, he says how much your average down payment. I said, I don't know five thousand dollars. He said, okay, go go to work on them. You get five thousand dollars on each one. That's twenty five thousand dollars cash in your pocket. And then how much does your average profit? I said, I don't know about five hundred cash flow. Usually between what I o and what they own me. They said, okay, well, that's twenty five thousand a month. I mean, you can't live off that. What's the problem? And then it'd be. Another fifty. That'll be fifty thousand a month and get one hundred and fifty notes that'll be seventy five thousand dollars a month coming in. You know, I have over three hundred notes brother. You know, I don't need to sell a note any more in my average down payment now is ten and twelve thousand dollars. So what I teach now is just how to live off the down payments and never have to touch the cash flow. Just watch it. Keep going up and up and up and up until you really don't have to work..
"eighty thousand dollars" Discussed on Self Made Man
"Use for eighty thousand dollars per month and recurring cash flow. Now, there's a second part of the story that we're going to dive into as well, which is how I found Chris. And that was a few months ago while randomly surfing YouTube, he'd been producing phenomenal stream video content that is growing his channel by twenty to thirty thousand subscribers per month now, and I wanted to figure out what in the world he was doing. So it's safe to say that this is going to be one of the most valuable episodes we've had here on self made man. Chris is a phenomenal speaker, a great presenter, and he is filled with incredibly valuable knowledge. So buckle up and please help me welcome. Chris, krone, Chris, krone, welcome to a self made man. It is a pleasure to have you on the show brother. Thanks, Mike, really excited about it. Absolutely. So I found you probably a month or two ago just on YouTube and got hooked on your videos. And I think one of the best teachers that I've come across in a long time. In the kind of entrepreneurial slash business, wealth education space. And I think I've probably watched at least twenty or thirty your videos in like the next two or three days. And so I've gotten to know a lot about you and your work, and I'm super excited to have you on the show because I've got a ton of questions for you. Awesome. Michael, listen, I really appreciate it and I love the name your podcast self made. I mean, ultimately, we're all here to figure out how to become our own self made women self made man and figure out how to take life, you know, bull by the horns and make it happen because certainly no one else gonna do that for us. Absolutely. And you've got a fantastic story as to how you financial independence really early in life than you're in your early twenties using real estate, and we have not had a guest on the show yet. That's really used that avenue to build a fortune. So I was hoping that you could walk us through your story because there's a lot of young entrepreneurs who are listening to this. You don't have a ton of money maybe thought about real estate, but they just don't know how. How to go about it and you've clearly crack the code when it comes to that world. Awesome. Yeah. Mike, I'm unhappy to, you know, I it's interesting because by the time I was young man just starting college..
"eighty thousand dollars" Discussed on Money Radio 1200AM
"Eighty thousand dollars is now hemaz even if that name sounds familiar it's because it's rainy and the isn't iranian american who had also given two hundred fifty thousand dollars to al gore i mean he was the main money man transferring money from the iranian moolah to democrat politicians in the united states john kerry who went into michigan and told a group of moslem say they must be closed door meeting that he was totally opposed to israel being allowed to have a defensive wall against terrorism this is the john kerry we all know and love the john kerry who grew up in a swiss boarding school where they spoke nothing but french to this day with his wife the billionaires teresa heinz the heinz ketchup fortune it is said when they were having dinner alone they don't even speak to each other in english speak french that's what how america the president he would have been john kerry is so is so changed his name to carry from cohen so here he is against israel and he has a jewish heritage i've not really looked that much into that yeah i mean investigative pieces for david horowitz you know a front page magazine all of his medals forbid nam and throw them in the in the potomac no he didn't he threw metals over a wall be they weren't his medals how could they do that right earn some metals but of course he was the son of an influential figure minor american diplomats and he was heavily protected for the most part when he was in vietnam in any event the metals he threw over the fence he had gone to upon shop and bought so that he has could display it that he was throwing a metals away but he never actually throw away his own battles okay i mean i mean he's a typical hypocritical democrat to the power by the way every day we are now treated to the likes of mika brzezinski on i started to say trader joe it would be spelled a.
"eighty thousand dollars" Discussed on WGIR-AM
"Eighty thousand dollars now craig point christopher caitlyn's the keyword ville emails bills bruce at wcbmcom to two hundred two hundred you'll get a this text comet confirming entry plus iheartradio one info might reasonably standard conclude data and message that facebook rates apply thinks president bills trump to two hundred is a two danger hundred to the community us now increasing clouds today high forty nine cloudy tonight becoming partly cloudy with a low of thirty two i'm mike patrick here's a look at the stories we're following all day kindergarten is coming to merrimack voters in yesterday's municipal elections approved the new eight hundred eighty thousand dollar initiative some of the funding will come from the state which is using revenue from the recently legalized keno lottery games to support cities with all day kindergarten of that eight hundred eighty thousand all about seventy thousand will go toward paying teacher salaries waster ever high school in durham morning the unexpected loss of a student after a violent crash on interstate ninety five officials say jonathan fairchild a junior at the school was driving a mini van monday afternoon when it crashed into the foundation of a bridge overpass the impact reduce the van into a pile of metal leading police to conclude fairchild was likely speeding at the time of the crash or river school officials sent a notice to parents monday nights offering grief counseling services to anyone who needs it the mount washington cog railway will reopen in time for the spring and summer season this year floods damaged a bridge along the railway last october closing services early but local officials say all repair work is now finished the train will start for weekend ryan's to the summit of mount washington starting april twenty first and start daily runs may fifth or news any time visit us online.
"eighty thousand dollars" Discussed on WGIR-AM
"To nobody's we're looking for the annuities that will offer us increasing income and there are very very few of them with over probably five hundred different fixed index what he's out there between the seventy life insurance companies that offer them dr less than a handful that offer any option for increasing income and that's the way we're leaning typically you know that's just one income stream out of many that you have that will offer that increasing income and the reason that it's so important to have that please recognize that inflation is real we talked about the fact that your parents bought out you know their first home for fifteen thousand fifty thousand and we're buying houses for two hundred and fifty thousand seven hundred dollars yeah it's a different world right now so inflation is real and i use a three percent cost of living default for inflation when i'm doing my planning with my clients and that means that whatever you need to maintain your lifestyle today say you need eighty thousand dollars to maintain your lifestyle i mean that's everything that's vacations as bubble gum you name it everything if you need eighty thousand dollars today at a three percent cost of living increase you will need a hundred and sixty thousand dollars or double in twenty two years twenty two years and if you retire at sixty five can you possibly live twenty two years and you know the answer to that you certainly can eighty seven is not a stretch these days ninety seven is doable so be careful with that our number one goal is making clients financially set for retirement and would like to extend an opportunity to your right now tell you plan and be sure that you're well prepared now we offer complimentary financial review the annual calls in the next fifteen minutes and has at least two hundred thousand dollars saved.
"eighty thousand dollars" Discussed on WiLD 94.9
"Of over eighty thousand dollars local news station decided to cover corey's journey and one viewer in particular was extremely touched by it he wanted to do whatever he could help corey get his own set of these really cool bionic legs the viewers name was chris smith he runs in orthopedics clinic before the new segment had even finished airing he called into the new station he told them he'd put up the money to buy figure out a way to make it work and corey received his these brand new legs thursday whilst while he still has a little more training to do on him to become fully proficient he is walking on his own he said there's absolutely no words to describe how thankful he is for this incredible stranger and he's looking forward to being able to walk his daughter down the aisle and oh yes beautiful graham one final one for myself jv we did not get to this yesterday and celebrities spin have to talk about it really quick last week marked exactly one year since french montana went to uganda and he filmed unforgettable with swaley which i absolutely love the video he was touched by the region he was also inspired to help out the community after seeing the healthcare hardships he immediately offered up one hundred thousand dollars any wanted this to go towards helping pregnant women when he gets back home he talks to the weekend the weekend puts up one hundred thousand dollars he talks diddy did he puts up another two hundred thousand dollars all of that money led to the recent opening of the soobee hope health center this center is able to serve three hundred thousand people in need i saw the uganda hospital the french montana has been working with online yesterday it's absolutely amazing and yet another reason i just excuse me i love french montana what's the pot i'm just shock i mean what else he actually brought a good story someone doing something nice inspiring does have one negative my god this is why i can't stand jeff bezos he could care half the world so if diddy and the weekend and french by a few hundred thousand dollars can handle three hundred thousand people imagine of jess jeff bezos by the way don't hit me on twitter and talk about his recent twenty mil or the only other time he gave the.
"eighty thousand dollars" Discussed on Clark Howard Show
"Yeah i mean the good thing is that it's all federal federal student loan so it's not private and it's the only debt that i have i have zero other debt i make about eighty thousand dollars a year my fiancee also has quite a bit she has a hundred and eighty thousand dollars and she makes about ninety thousand dollars a year and i guess my question to you is that i was advised by you know account in financial advisers considering the amount of debt that i have i should just make the minimum payments for twenty years and then get the ten ninety nine c you know and discharge the remaining balance because they basically told me that if i go pay as much as i can for ten years on the ten payment plan in ten years you know i could have purchased a house put money in my retirement accounts and be okay essentially and just maintain a you know balancesheet pours centrally what do you think well i mean this is a mixed bag because your income in your fiance's income or either of you in professions where over the years over these twenty years or you either both of you going to see a steady rise in income or will you be in this general vicinity that'll just maybe inflation adjust with raises for promotions and stuff like that over twenty year period her cap is probably about one twenty to one fifty and then i would say my cap is unlimited she's a physician assistant and i'm an attorney so you could end up eventually having a very lucrative practice in earn quite a bit more money and pa.
"eighty thousand dollars" Discussed on WJNT 1180 AM
"Eighty thousand dollars in the state in your early forty's then you then increase your retirement accounts uh to say to require of and a half or thirteen and instead of ten percent in europe parties uh then you will have uh uh a whole lot more word and see exactly what it is but so so if you out to uh to do that you need to start disciplining your sale young young people you need to discipline yourself so that you will be able to uh no uh what to do to make of the kind of uh have the kind of money you need in a in europe in your retirement now of course not everyone is prepared for retirement in the '60s then you've got the social security siege in figure in there with it uh so but a conservative see wells fargo did a story did a survey in 2015 said america's sixty an older have about fifty sixty and older will have about fifty thousand stashed away while people fifty nine fifty two fifty five fifty nine three times as much uh so what we've got is a vast under savings or ric orao uh you got that situation that uh is being prevalent in benpres forever especially women particularly because women being divorced or in not spinning as much time in the workforce as men have and in some cases i hate to admit it but in some cases being underpaid um they have a worse problem than men do think of women divorced in our widowed or whatever so.
"eighty thousand dollars" Discussed on WTVN
"Run into those same laws with her daughter and are sexists which has been dealing with teacher shortages of its own came calling recruiters from south of the red river set up tables job perished in some of oklahoma's larger communities offering better pay and benefits and potential stability despite being named oklahoma's teacher of the year she had took the deal leaving behind colleagues like theresa banks easily eighty thousand dollars out of pocket and every year to make it happen for my kids that third grade teacher and toll so recently drew had turned sent headlines by standing on a corner with a sign reading teacher need school supplies anything helps now activists are demanding that oil companies be required to pay off higher percentage of their profits back into state coffers to help fund education if we need go she a five percent compromise our state is still bank two now the oklahoma city school board is interviewing law firms with an eye toward filing suit against state lawmakers school trusty mark man says the legislature it needs to look beyond oil income they can raise revenue they can make our children a priority and fight and education properly there's another factor adding to the sense of urgency to diversify the three hundred million yearold supply of petroleum beat the neat the oklahoma countryside bay run out in a relatively short four hundred years for the state's two thousand sixteen schoolteacher of the year sean shehan the schoolteacher wife and their young daughter the bhidia futures more certain i still get to do the job that i love the job that i was highly awarded for but the differences now i'm paid a.
"eighty thousand dollars" Discussed on KFI AM 640
"Thousand eight hundred block of copper hill driving valenciano exactly where that is my my wife and i were gonna move out there before yet our daughter and i know exactly where that is copper hills where we are gonna live that's crazy guy correct me off little by little dejected say welsh saw honda during an eighty thousand dollars want how much money soul hundred an eighty thousand dollars hungary and what a hundred an eighty thousand dollars hundred and thousand dollars a hundred and eighty thousand dollars lau that is unbelievable a hundred and eighty thousand dollars oh my god that's a huge amount of money one hundred eighty thousand dollar my lord elderly don't advocated dough from two elderly female customers oh my god ste kick this guy in the as it was initially pulled other accounting one large withdrawal each and it was pulled out in caches checks and they want to remind sons and daughters to be critical of who is defending your elderly parents have to teach especially older who many of them grew up in a narrow of trusting people leave your door on law jail trust yeah my grandmother my grandparents to live in sugar and falls outside of cleveland they never lock their doors at night nine villas regard air day i mean the dow you don't leave your house in less you have the alarm on the doors are all checked the lights are on the you'll the gates closed its law talk to everything but she is to leave in the summer and i thought oh sort of odd six kids the house an whoever but they used to leave the door open and just a screen door to allow the air com to come in they didn't have airconditioning in cleveland and cleveland gets a little tight in the summer it can get up to ninety hunter degrees and humidity is nice it's rana about ninety seven percent and so you just sit there and sweat all night long but they used to leave the door open and just the screen door was between the the potential burglars or robbers in us trust law enforcement trust your christian priests trust your your neighbors and unfortunately a lot of our of people that we trust in the past have become suspects what would like people.
"eighty thousand dollars" Discussed on Money For the Rest of Us
"They make eighty thousand dollars in terms of their salary and there's in their saving eighteen percent of fourteen thousand four hundred dollars a year and so that's what i loaded in the vanguard and fidelity and so van since fidelity's asking how much am i going to spanned in retirement and you you had the option was from the include security are excluded i excluded it because i wanted to just to kind of look at the actual calculation based on the retirement portfolio and again because they just ask not the dollar malbo what kind of spender are you they just assumed i was going to spend fifty five hundred dollars a month and so my my percent span of the portfolio was very high and so the probability of that the portfolio lasting throughout a thirty or retirement was very very low but there that's that's another key assumption then so how much will you be spending in retirement annually and then we need to know again know how the portfolio will be invested and for this again they're trying to figure out what the return will be now most other retirement spanning calculators use a simulation analysis called a monte carlo analysis so they're using historical returns in historical volatilities and they'll do two hundred fifty simulations a vanguard i'll do five thousand the simulations and so what they're doing is they're looking at a an assumption is or terms of eight there what letting the portfolio run and the single here's your return pattern over the thirty years here's what you're spending does the portfolio run out of money and it'll come up with an average and they can come up with a range and so it's very much a a simulated monte carlo type simulation and so it's hard to compare from one.
"eighty thousand dollars" Discussed on KPNW 1120AM Newsradio
"Hundred eighty thousand dollars to the jewelry the core the owner denied that he was hurt and then truth an investigation what confirmed to investigators said in particular item in fact so who would to this person who happened to happen get the hotel only eventually the woman who at the hotel at the pierre will kelly wanted to coopt that uh he was converted to so the guys get get all this stuff out of these boxes jewels stacks of cash an amazing amount of cash they stop in at a louis vuitton bags at least it they hit it into the limo they're about to leave to cops come up they they send them down the hall way and lock the place up and they take off they go to there were their getaway cars are parked and again some bad luck happens it was a it was a really really cold and one of the second getaway car get stock the battery was frozen so they had to come thought it would be a getaway car and why we're doing this uh an aid he of the the robbed the robbery which pulling the third getaway caught nosetonose with the caught it wasn't starting hold the illegal uturn and aqap happen to be driving and stop them and of course the the the wanted to know what they were doing and just created quite a moment akg but bobby upper two what is finding a silver tongue was able to uh the com the policemen and explained that they had a situation where they had to attend breakfast at columbia university that they were get this breakfast meeting and but unfortunately wanted it caused wasn't starting and somehow he convinced the policemen.