35 Burst results for "Eighty Thousand Dollars"
Federal judge tells lawyers to pay in US election fraud case
"A federal judge has ordered two lawyers who filed a class action lawsuit over the twenty twenty election defeat of Donald Trump to pay the attorney's fees for the defendants the lawsuit now dismissed allege the twenty twenty presidential election was stolen from Donald Trump and that elections officials in four states Facebook and dominion voting systems were responsible a federal magistrate ruled in August attorneys Gerry D. fielder and Ernest J. Walker should pay penalties to the defendants and is now ordering they pay another one hundred eighty thousand dollars in attorney's fees U.
Why You Should Invest in Video Marketing
"Before we get into why you should invest in video marketing. I wanna i just bust some myths alana. People don't get past their preconceived notions of oh. I don't have the talent. I don't have the equipment. I don't have the expertise to shoot professional video and be a video marketer. The top tick talker in the world. Right now is a young man named copy. Lame shoots most of his videos with this phone. Half of his videos are not even his own content. he's reacting to other videos. He makes jokes. About how people over complicate things or gimmicks or devices that make no sense. And he's got ninety. Seven million fans on tick-tock. It makes something between fifty to eighty thousand dollars up host and he doesn't say a word on his videos. No script right. No fancy equipment. No huge pre-production budget. Nothing okay. he just puts out valuable content. And that's valuable to build entertaining. It's fun you found his niche and went all in but more importantly he found a growing trend which is video marketing video. Marketing is booming. Like crazy right now. All the top social media platforms are investing in video for reason whether it's instagram whether it's facebook doing facebook lives and facebook watch linked in getting into video. Of course. tick-tock is all video and it's the number one consumed type of content on people's mobile devices. People consume video more than any other content more than texts like blog posts more than audio podcasts. More than anything. And i'm here to tell you don't sit out on the sidelines. When something like. This is booming. The market a lot of money is going to get pumped into support it whether it's at dollars whether it's technology trying to make sure these videos are found like search engines whether it software to make it easy to produce this content the point here. Is that your work. Cut out for you. It's easy now to be successful video. And whatever you're comfortable with you're able to do so you don't have to be a comedian. You don't have to be a talking head meaning that you have to be on camera and be talking to your audience directly. You're gonna have video marketing working for you without you being involved in fact we've been doing this to really scale are video marketing. I can't shoot and be featured in every video that we have for our businesses so instead of you trying to be the expert just put your product in front of
"My Son Hunter" Will Be a Comedy - Because Hunter Biden Is so Ludicrous
"One thing we didn't. We didn't brian the guy. Sorry another movie called the war and all wars no. I just wanted to give him his. We definitely helped with. He is the prince. Find the writing on one thing. We did save. You know county preachy. Account be Telling people think it has to just tell the truth has to be funny because as you say it's so tragic will be funny. Oh it's just gonna be awesome The situation is ludicrous right. The situation is a joke. That drug addicted crack smoking at some of the vice president gets an eighty three eighty thousand dollars a month contract with ukrainian and gas company. He has no experience in oil and gas. By the way. I thought were also be going green now. Also as a guy who was part of one point two billion dollar chinese investment fund. This guy who who even got a gift of one hundred thousands of a chinese business eighty five thousand dollars damage breaks. It's a joke right so we have to make a joke and so and so. That's that's what we're we're gonna. It's gonna be
How Did WarnerMedia Get Its Start?
"Today i thought we'd start down the road to talk about the various companies that make up warnermedia kind of unravel it all and this is going to be a heck of a story because it includes several influential media companies that had their own distinct histories before coalescing into warnermedia includes companies that are not media companies at all like funeral homes for real now when i say complicated. I'm not kidding. Our story includes a window washing company. A parking company an online service provider company Few magazine publishers. And more there are mergers and acquisitions are spin offs. There's family betrayal and lots of other stuff. So where the heck do i get started. Why suppose. I should talk about the core components and then work to the point where they all come together and i could start pretty much anywhere because there so many different pieces to the story. But i'm going to begin with time because it's on my side. Yes it is henry. Loose and briton hadden. Had a lot in common. They both attended yale. University they both worked as reporters for the baltimore news and both of them were in their early twenties back in nineteen twenty two and they also wanted to try something. That was a new idea. Newspapers were thing obviously but loosen. Hatton had the idea for a news magazine. They decided to try and create one because no one had really done it before. And they raised more than eighty thousand dollars which was a princely sum in nineteen twenty two and they quit their jobs to found a company called time inc and a magazine called time it would publish weekly starting in march of nineteen twenty-three loose served as the business manager for the young publishing company and hadn't was editor in chief and together. They found success with this weekly magazine. Format
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
"eighty thousand dollars" Discussed on Liberty Talk FM
"You've got eighty thousand dollars worth of money where as you know last year it was worth a hundred thousand dollars in in real terms so and it tends to be a transfer between poor and rich because you know poor people have dollars in their checking account rich people have stock real estate and commodities well stock real estate and commodities float on top of inflation you know so that's those are the values that are going up when the values the value of your dollars is going down excellent point adjuster finish off the article it says in the wake of unprecedented central bank action around the code nineteen crisis it seems like the most relative narrative a bit clinic twenty twenty was as a hedge against inflation Whitmore said it appears however that its capacity for censorship resistance might be just as relevant you can follow Billy bambrough on Twitter obviously yeah I mean I would agree with him there and that is one of the Andreas Antonopoulos talks about the pillars of cryptocurrency and one of them is censorship resistance yeah and that is a very important piece of what these crypto currencies do and again you know software developers large companies hackers and governments around the world has been attacking these particularly bit coin and some of these other crypto currencies since the day they were invented of course the hackers are going to attack it I mean if you can hack a crypto and then you can take all of its value out of it relatively quickly dump it and then you know converted into something else but for the most part decline seems to be unhackable so there's there's a lot of fear about hacking these crypto currencies but if they're well done then that's pretty difficult to accomplish of the only hacks I'm aware of are like cell phone acts were people use a stupid password or getting the.
"eighty thousand dollars" Discussed on KTOK
"Share of two hundred eighty thousand dollars during lucky star casino news on rich Denison hurricane Dorian's now a category three storm with winds of one hundred fifteen miles an hour as it approaches Florida national hurricane center director can Gramm warns the storm is a slow mover a lot of rain slows not our friends floor the storm six to ten inches of rain in many areas and some places ten to fifteen points expected to hit Florida sometime Monday near Palm Beach county and could be a category four storm with winds in excess of one hundred thirty miles an hour the Pentagon is evacuating aircraft and ships based in northeast Florida ahead of Dorians arrival six squadrons of U. S. navy aircraft departed naval station Jacksonville as hurricane Dorian inch closer to the Florida coast in addition to the dozens of P. eight reconnaissance aircraft leaving the area six warships had been ordered to leave naval station Mayport located twenty miles east of Jacksonville boxes Lucas Tomlinson at the Pentagon America is listening to fox news injures summer by beefing up the blood supply with the Oklahoma blood institute Thursday August twenty ninth in Friday August thirtieth stop by any metro donor center between nine and for the Oklahoma beef council will have an all beef hot dog waiting for you you'll also get a limited edition Steven Adams beef council teacher nothing matters more than saving lives in our community and patients in area hospitals are.
"eighty thousand dollars" Discussed on Boston Herald Radio
"Hundred eighty thousand dollars but you make a lot of that money because you play in Boston because the Red Sox have a huge brand. So he's not going to request a trade to another city to get out of that, right? The fact is that people have left New York, New jersey and governor Cuomo in New York is does not want these taxes, because they taxes are astronaut Michael any women this papers. One of the highest in the country. Zach California's fourteen percent. California's a standout. Rich and the rich population agent and sports that that may into it, right. And you're gonna go play for team in California pay fourteen percent of one out of every seven dollars. Now that you earn in state payroll tax anything, right? Gas in their cars. Yes. Gun racks, on the. Yeah. You should have moved to New Hampshire, I ten feet away. Seriously? I do my shopping in Hampshire. I believe me, I am then at that point. I didn't realize it. Up the coast past. There's a road that you can go through Portsmouth. And that goes up the coast. It's beautiful. I mean, there's some gorgeous house. I don't know what the cost of town race. It is right? Yes. It is my brother lives in Nashua. Yeah. Not as nice as portsmith. Nicely. But he's got a nice condo. He's in a very nice condo unit which was right across from Benson's animal farms, where it used to be you probably don't. You did the conversation. I used to have the answers animal farms nice there. But my parents used to live in Hampton beach, and a little condo to tattoo. Minimum at Hampton beach. So I, I do have upper crust blue elites like you. Says the guy got from the Mayflower, okay? Right. Yes, please my goodness. We were in the dominant bottom of the ship dealing with scurvy, while the first in weekly came on the Mayflower, but it was in third class. Well family was so, so. This does kinda sketchy. But it's very fun. Boardwalk stuff. I know it's tacky. I know that, that, that stuff that's experience. Yeah. Absolutely. And I heard ski. Well, yeah. In, in that pizza the pizza place. They're supposed to go to. Well, there's Tripoli, right? That's one of the best we sweep a really what is sweet pizza. Interesting wanted, wait a second. I'm out. I'm strictly a cheese guy. Well pepperoni, step now, comes creates the precious. Sep. You why nobody should be if half an inch of cleaning rainbow precious. Looks like the house there with me. That's the only thing with her in the room sap all it means is like heartburn. Heartburn. Anyways. No, you don't have burn all used to describe is your though. That's italian. We're far burn. You're giving Christian Judah. You got another hour from London to be talking about your wars that loss, last one hundred and ten years old is Asia. Again, all this tells me about your farm. Well farm, not me. Your your brother. Whatever is next to a farm or something. Oh, no Benson's animal farm, which was in Nashua. It's no longer there. But they built condos across the street, wonderful. Exactly. You know radio gets where I'm going with. That was back when he used to be able to abuse farm animal. Get out of ball machines. No little kids, elephants would be standing on one leg. And that is terrible that you guys don't get to have the circus with elephants. And you don't have to you don't get Gunther cable Williams or whatever his name wasn't all the lion? Tamers the circus used to come into town Juliana about a third of the animals would make it out. You get the hell out of there. Where was the video from twenty years ago where there was this elephant that was getting getting abused? And at some point he just like it had enough. Yeah. And he just like stampeded through in the funniest thing is someone's trying to stop them by putting a gate up like the elephant was like started going after people aren't nice animals, the smart in. They're mean their murderous animals. Yeah. Party. They represent. Is this, why the Trump keeps you as opposed to direct intelligent? Nicely smelling dog. Yeah. Why is the elephants the GOP Thomas nast to listen to cartoonist? I came up with a two popularized them. He was a he was a Republican Thomas nast. So I think he meant to be pejorative on the donkey side and felt that an elephant was wiser probably be lucky to the elephant, especially if the tusk is up with a trunk or what is it called? I think it's a Tuscan. Yeah. Okay. Well, they vote I should've gone to his animal farms figure this up. Yeah. You. I was too. Farmyard but there are people that have elephants Bill Parcells very, I'm sorry, Christian. I know he coached like twenty five years ago. But he had all these elephants. But all the tusks whatever had to be going, upward downward. He was very superstitious. He had just a tusk three of the elephants. The elephants. Like, little toys elephants. Ilise, getting the money if he wants to have a couple of elephants could have. Yeah. Whatever the case may be, you know, what Shattuck. I know. I let you in Christian knows something great news from Scott yesterday. And I wanted to make sure that we okay with him before he would speak about it. But Scott more than happy to do that. He put it out on Facebook on Twitter last night. Great news yesterday, Scott. Thank you. Get good news. Yep. It's a bit of people say that when you are. We have cancer. It's a it's a it's, it's not really shocking for me. It was very much a kind of a surreal experience and go through, but it's a roller coaster ride. It's absolutely roller coaster ride. I don't care. That's the one thing I learned from this thing, and it's, it's nice to have actually the networks of friends and people who I had talked to end didn't know at the time. Have been great because that's you have to get through the only way to do it. So and also the head both teams that had recent avid teams at mount Auburn hospital. New England medical center and Mass General hospital. And I know this is cliche at this point, but we are so lucky to live here. All totally. Yeah, that's great. Totally. Yeah. Else makes me think we should just eliminate insurance companies because I cannot decipher or sort out the bills, to save my life. And then calling to say I've been referred here and then have them say, well, the lesson you want to hear when he sort of say, I've been referred to an oncologist is well, that's out of network. Yeah. Anything? Well and then you fight. And of course, they're stuff is going to happen. Yeah. When my mother passed away back in one thousand nine hundred seven hundred last five days, she was in intensive care. The Bill was two hundred seventy five thousand dollars. Now, luckily my dad's insurance covered it. But if you didn't have insurance, you need to sell your house to cover all that two hundred and seventy five thousand dollars like Azusa look real. I mean, none of these, we got it, and it was covered by my dad's insurance, but like the aspirin, one hundred seventy five dollars each and they decided they need to give her four. Holy cow. That's quite price-gouging wherever the case may be. But, but that's great news that clean Bill of health. Funny story for a stint in the hospital for a couple of overnights. And so you get the visit from the, the learning all these things never had anything like this. And so, the, the well home person comes in, and I can tell this story because my wife is heard me say, before she seems to be fine with it. So they're, they're in the two of us are there. And she says you can you can you walk on your. Yes, I can walk my own how many stairs up to your house. So he's got a four or five is there were railing. Yes. Railings bedroom on the first floor say no the third floor. Says. Bathroom. I say, yeah. One on one on each floor in the woman, pauses. And she says that's a lot of bathrooms. My wife with Belmont, kill says, but one's a half bath. So how did you find out that you had it? So I've never never had any this is kind of the cautionary tale to I've never had anything not my family history. I took off my shirt and my wife said, what is that on your shoulder, and since it had been apparently growing, but I had been watching it every day. I, I didn't realize it getting to a point where somebody would say, what is that on your shoulder? And so I went to the dermatologist thinking that I've had stuff taken off me because I'm a very fair person, and they slice it off. And they walked me down to the dermatology surgeon sweet, and the dermatologists want me down, personally and said, what do you think of this? So then I had excise and a couple of days came back malignant and then it was, but then they very efficiently. Take whatever they get around in the lymph nodes and stuff and. So. That, that works. But this, you know, so, and it was just that, and then what was the treatment, the treatment was surgery to REM it, and then they buy everything they scan you. So they scan everything and you, you, learn lots of really interesting things about yourself. Associate. They said, we're gonna we're gonna get you the cat scan and the pet skin in the MRI, and we will find stuff, you know, so, so it's good to know what I've got, but this is a cautionary tale my system, that's just my sister, and I two years younger had a mole removed from her face. And she said my brother has cancer. And he said, why don't we biopsy it? And they found out that she had a malignant to how she wouldn't have had tested because was routine. So she's not going through prognosis is good. And she's going through her routine, too. So. We should all be checked out, I guess. Yeah. You manage to. Okay. So it didn't spread anywhere. It was just locally in that area just locally in that area. So I get the yesterday the clean Bill of health. That's awesome. That is great. And you managed to avoid radiation, or chemo or any of that stuff. Total game changer. Yeah. And that's the amazing thing about it is you have it. You don't feel different. Now, you know, if you have it in your colon and you start to feel bad, but I, I'm gonna look terrific on Hampton beach. You say you pitch for some this is rotator cuffs here. If it's in the general, he'll be tried to decapitate me. You see what the other guys. Well, you should get a tattoo now the blues in GPS logo, or if you're something like that. And to commemorate it nothing. Good is gonna come out. We'll get Inc together up, but the Hampton beach. It's it's hard enough to stay in shape. I'm not. I'm not. Yeah. That's great. That's great. And that's what a relief. Right. I mean because for the last several months ago and around and it's amazing because you were in every day a couple of weeks ago, and you never let on about it. It's something you do about it. I'm again the, the Italian American thing is to share all this with everyone like, you know, make a big deal out of it, and I'm like an open book with that stuff. So I give him credit for holding that stuff. And I just got my ancestry DNA back. And I can tell you, I. Wasp yet. Swedish norwegian. What's interesting is I don't know if anyone's done it. I, I know this the sharing the information stuff people, but I'm sixty five percent British Isles and twenty percent European Jewish. So somebody commented on that which if I was Ed Mason Mason, who's a journalist, he's funny guy. He said, you always knew eating corn brief on white bread was wrong. But you now you know why? I know that before my grandfather, I knew his parents who were from Poland. I think he he died years before I saw. But I knew that. Seinfeld episode, so now you can use his jokes like. Like. The lesson Elizabeth Warren of learned. I am a white man. So yeah, yeah, exactly. Yeah. Yeah I'm not interested in getting one of those. I'm just crap just looking at me physically when I look at me as I am from everywhere in the earth, where they're not meant to. I would think maybe some German some in. Yeah but you've got a hundred percent Italian. I think so the only thing is my sister used to think that my grandfather on my mother's side because he was adopted may have been polish. Very light skin light eyes, light hair and again, he was an orphan, so who knows where he was from. Not that all look alike, but I'm lighter than most of the talian, I don't have the pronounce features again because my ancestors came from Rome, mostly Italians that come here, come from Naples, south different look than people from the middle of Italy. The people from the north look, more like you, because you don't lighter hair. Yeah. So that's what happens. I would think one hundred percent of time but I could have some other stuff in. It was fun to get the test results, I probably should do it. And then they tell you who, who your DNA.
"eighty thousand dollars" Discussed on BiggerPockets
"We did. And we vested eighty thousand dollars into this company are into some policies that this, company's promoting and later, the guy that ran that was indicted in sent to prison in a head. They had falsified underwriting reports, and it was just a big mess. And we lost a massive amount of money on the I didn't understand you understood it eerie but I didn't understand in the nuts and bolts. And so if I can't understand it, and that's the ball. That was a great lesson. Right. When they say you learn from the losers right there. Those are great lesson to me in avoid those things that seem to good to be true walkaway. There's a whole lesson on the richest man in Babylon. One of my, the best piece of advice in that book is don't invest in something that you don't understand that simple. Maybe a great deal numbers. Look on paper, that people might be super. Influential if you just hold true to that. That sounds great. I hope you guys make a whole bunch of money. I don't get how this thing works. That's not my deal. In fact, I've rarely ever heard about somebody who lost money on a deal that wasn't breaking that rule, or at least one of the rules in that book. I see that all the time. There's all kinds of asset classes that are out there. Right. Then people try to get me to look at her dust in an cheer, the crypto world. I don't understand that. I do know Anderson that you won't or, or cannabis that's another one that's coming up on everybody's jumping into it. Okay. That's really that's really cool. Ben Kinney said something I really liked to we interviewed him. He said, I wouldn't I only want to do stuff that would leave the legacy. I want to be remembered for, I don't want to be remembered as a drug dealer or a pot or so. I decided to do, right. He didn't say it's a bad. You shouldn't do it. It's a bad business. Just he didn't that didn't align with how he wanted to remember. It was very simple. Not my deal, and I feel like a lot of the time knowing what to eliminate is a better tool than just knowing how to find a deal having a criteria that you can say, Nope. Nope. Nope. Makes it less of. Yeah. Say knows important thing is very important. So let's, let's get a couple specifics. Also, it's not often that we get in commercial real estate broker here on the show. So I wanna ask you, a couple of just questions about about the industry about people who want who want to get into commercial real estate. Maybe they go on some. Residential and they're like, I wanna buy something commercial. And by that shopping center, I guess the first question have all your couple of fire a couple of match you. But first of all, how do you find a good commercial broker? I mean like it's different than residential. So how do I find somebody who's actually I want to go by, for example, me, personally, like I wanna get heavily into mobile home parks over the next three years. I got I got a goal without units and three years. I gotta find the mobile home park brokers. Right. I mean, somebody who can deal with that or I want to buy shopping centre. How do I do you made the right move and to introduce you the gun little home parks, right there. Network. Number one, you your network to get introduced people. The other is because right nothing's better than than a. Not just a warm introduction, but a validation so said, this guy is it right? He's done it. I've seen it. He's valid. So using your network desk. If you don't have that, there are industry association's commercial real estate industry associations like in Dallas, North Texas commercial socio realtors. I've met some great clients. Okay. So exactly just that I met a great client, at one of those little coffee and networking events. Go to some of the little industry or local realtor associates, commercial realtor association, trade groups right there..
"eighty thousand dollars" Discussed on 710 WOR
"Jet in Indonesia, and then gave some airlines pilots partial an inconsistent explanations. There was only after a second max accident in Ethiopia nearly five months later, according to officials that Boeing became more forthcoming with their lines about the problem and the company did not publicly disclose the software error behind the problem for another six weeks in the interim leaving the flying public at risk. Somebody should open up a criminal investigation on that situation. The United States is deploying aircraft carrier strike group in a bomber task force to the Middle East on short notice and response to clear indications that Iran and Iranian were planning an attack on US forces. In the region. They would be suicidal to do that. But who knows? Prime Minister Benjamin Netanyahu of Israel commented on reports of an AGIP shin brokered ceasefire deal in the Gaza area after two days of fighting in which fours Railly's were killed saying that Israel was readying for further confrontations with terrorist groups in the coastal enclave over the past two days. He says we have hit Hamas Islamic Jihad with great force, the tacking more than three hundred fifty targets and terrorist leaders and activists destroying infrastructure as well the campaign. He says is not over and requires patients and judgment. We are preparing to continue the spokesperson for HAMAs said in response to the prime minister statement that although the recent flare up in violence at come to an end, the wider conflict would continue. Why does this continue the Mohammed code author Howard Blum with us Howard this thing ever going to get resolved? Unfortunately, it's not the statement that the people. Responsible for most of this. Or at least the people that the Isreaeli. Authorities are blaming for these seven hundred rockets fired at southern Israel is group qualities while McCurry hot it is financed by Iran. And it says that restoring our rights. Well, it says wait let me go back a little bit more hot. Spokesman. We saw all brought team says, quote, the confrontation will not end unless we restore our rights. And here's something you have to understand restoring our rights is they Palestinian code word for the complete destruction of Israel. In other words, the Palestinians will not stop attacking Israel until all the Jews are driven into the sea. But here's a little bit more on what's been happening. The. There was a moment of strategic advantage for Islam ick jihad over the weekend. And that's why all of this rocketry started the as long as she hot is the second leading group in Gaza number one is off. Now, HAMAs was voted as the leadership of HAMAs? It was given dictatorial powers in two thousand and six and then guess what it did permanently banned any more elections. So how does this llama jihad move up in the pecking order by making headlines and by taking advantage of a strategic opening despite a world wide Islam like attempt to boycotted isolate Israel the Eurovision song? Contest will begin in Tel Aviv in a week on Tuesday may fourteenth. Now, most of us Americans have never heard of the vision song contest, but it's huge around the rest of the world is like a cross between the kademi wards the Olympics and the voice it's credited for bringing up of the Swedish super. Global attention and addition to the Eurovision song contest Israel's also on the verge of it's Memorial Day. And it seventy first independence say, so this is a time a worldwide attention and heavy tourism. In addition, there's one more Isreaeli vulnerability Benjamin Netanyahu won election three weeks ago. April ninth we discussed it way back then. But then Yahoo hasn't yet formed his new government, and it looks like he's about to be indicted for setting two hundred eighty thousand dollars gifts which leaves him in a weak position with its rockets as long as she hot is threatened to shut down all of Soviet Israel and to force southern Israel citizens to stop producing economic wonders and to hide him bomb shelters worst continued attacks would mean an end to the your vision song contest and tourism, so Israel as much as Benjamin Netanyahu likes to look if he's operating from a position of force. Israel was desperate to stop the fighting. The results has been a Therese brokered by Egypt Qatar in the United Nations less than twenty four hours ago. Oh on Sunday night because Israel had to stop the fighting almost any cost Islam as she hugged claims. This truce is a victory Islamic. She brags that quote, we have rubbed Benjamin Netanyahu's nose with third according to an official of Islamic Jihad in the new truce Israel has agreed to granny gardens the right to fish up to twelve miles off Gaza's coast, and it would prove Gaza's access to electricity and food food fuel these electric city and fuel these are not huge concessions. Now, they're not in do you think Howard that bringing the US carrier strike force into the Middle East may have something to do with us right now, the Iranians and all of their proxies are feeling very very cheeky because they're feeling that the United States will make this big show, but it won't actually attack and among those cheeky groups that are financed by Iran are HAMAs which controls Gaza and Islamic Jihad and Hezbollah and Hezbollah absolutely. So Israel has. To worry. You know, what the joys of a Clamper likes they clamp from above, and they clamp from below Israel's clamped from below by two Iranians Boorda groups a and as long as she had and it's clamped from the north by Hezbollah it's an intangible situation there surrounded the Howard keep your eyes open on that for Howard's website is his name. Howard bloom dot net on land in the seas in the sky, the devastating impact of humans on nature is laid bare and a compelling United Nations report, they say one million animal and plant species now threatened with extinction nature everywhere is declining at a speed never previously seen in our need for ever more food and energy. Are the main drivers they blame us the guy a spacecraft just to the bit of bona science with the European Space Agency mission designed to measure the positions and velocities of stars. The guy a spacecraft recently found three. Three asteroids, not previously known to astronomers stran- or don't worry. They're not coming our way. At least not yet. What else is in the skies? Let's check in with Dr sky Stephen Cates. I Stephen George, and we continue on the asteroid theme. With the recent NASA asteroid simulation? It tells us George of some really dark days if a simulated asteroid get a load of this about two hundred and sixty meters across was actually on a collision course with the earth in twenty twenty seven the simulation continues as if this asteroid was then hypothetically headed toward Denver and that's launch spacecraft to deflect, but sadly it failed and guess what happened a chunk about two hundred feet, then broke off and hit New York City. It was leveled only after it was evacuated with the explosive force of thousand Hiroshima bomb, and this was a simulation. Folks that what we report here, you betta simulation? So George once again, all we can do at the present time is learn how to deflect or evacuate some nineteen. Hundred and eighty three potentially hazardous asteroids around the book, but in astronomy world, George something really cool with the sun large sunspot that appeared on the son in mid April known as active region twenty seven thirty eight it survived the passage again. And now it's appearing on the eastern limb of the sun. This is quite unusual to times the size of the earth crackling with flares and very unusual to see in this deep period as we move into solar minima, but guess what George? Another giant sunspot is. Now appearing on the limb. Right as we speak are twenty seven forty one. And as we wrap it up, George the live sky, the listeners enjoy this data acquired meteor showers winding down as many moves on. It was a good show. But look for the crescent moon a waxing moon as we move into Tuesday night. It makes a pass through the constellation of cars. The bull near the beautiful bright red star Aldebaran the bull and the moon and Mars close on Wednesday evening. You'll see it the planet Mars, no, George two hundred and twelve million. Miles away. Meaning light takes.
"eighty thousand dollars" Discussed on News 96.5 WDBO
"Us Katrina scales. Florida is expanding medical marijuana auctions available to patients, but there is also another form of medicine made from hemp that is making headlines. CBD products are going mainstream now available in major retailers and small boutique shops. Dr Neil leaders chiropractor in Lake Mary now selling CBD products to treat a variety of symptoms, helping people which sleeping insomnia anxiety. I've had a lot of young move. Anyway. That are taking one or more anxiety and depressions, and she feels is helping them more than the medication is Dr Wieder says he now has more than twelve hundred customers who purchase CBD products from his Lake Mary office. They're all moody. News ninety six point five WDBO health officials here in Florida urging all residents and visitors to get a measles vaccination there. Now more than six hundred cases all across the country. And a measles case was recently reported in Florida for the first time last month. That's in south Florida. Several cases were discovered in the state in two thousand eighteen local leader in the LGBT community says he hopes the supreme court will eventually clarify that the Civil Rights Act applies to everyone. I always want to say that people are born LGBT. George Wallace is executive director of the center Orlando, he says sexual orientation and gender identity should be added to the part of the Civil Rights Act dealing with workplace discrimination right now when only says it can't happen based on sex protects all citizens, including LGBT, which Lopo tells. The centre gets about one hundred calls a month and probably sixty percent deal with discrimination, medical housing and workplace. Those are probably the top three supreme court won't take up the discrimination cases until their next session. At the earliest that begins in October. Gene Wexler, News ninety six point five. WDBO Orange County. Fire rescue chief auto Dros this stepping down. He's resigned as may thirty first. But the reasons for leaving the position he's held since two thousand twelve not clear tonight today, Mary Jerry mayor Jerry Demings thanked Dros for service names, James FitzGerald, as the next chief county is holding its first male in only election determined to fate of the half cent local option sales tax deadline to register to vote is tonight election supervisor Lisa Lewis told me the ballot will come with pay postage that must be returned by may twenty-first and a no mail. Ballot. Election was about seventy to eighty thousand dollars. If approved the tax would generate forty five million dollars each year.
"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 Biz Talk Radio
"Ask about that. John Q. Okay. So James, I dunno where James e mailing from. But he's got a question. Here says I two hundred thousand dollars in my 4._0._1._K. And eight hundred thousand in my IRA. Eight hundred thousand I'm sorry. Eighty wait. How many zeros? Sorry, eighty thousand in my IRA. Sorry. Should I reduce my 4._0._1._K? In order to afford the taxes on a Roth conversion. He wants to know about reducing his contribution. Okay. The reason I knew that that came on my phone. I know what it was. I only saw it and I was scribbling down. And I couldn't read what I wrote. It was supposed to look like I was taking it off your phone just well after this electron them to my cell phone, if they happened during the course, I know I saw that. And I started trying to sixty. Okay. And you're gonna do it again, if you weren't fooling around during the break, if you're in the studio working like me, we have fruit we had I know that's the problem. No, I got it James has got eighty thousand bucks in his IRA. He wants to know if he should reduce the amount of money that he's putting into his 4._0._1._K each month pay for the taxes undoing Roth conversions James, probably not. I mean, you've got a nice nest egg if you will two hundred and eighty thousand dollars two hundred and eighty thousand dollars, even if you're fifteen years or twenty years away from retirement is not going to translate into a really high income unless you're not telling me, everything about your financial life. Other words got pension is going to pay me a quarter of a million bucks a year or something like that. I would really be reluctant to be doing Roth conversions at the expense of my 4._0._1._K. Let me do it a different way for you. Okay. Let's max out the 4._0._1._K take every. Penny. You can put in and max out the 4._0._1._K that'll give you a nice tax benefit, probably a quarter of whatever you let's say you put twenty thousand bucks in making that number up twenty thousand bucks. What's a quarter of twenty thousand bucks five grand? Oh, you just saved five thousand dollars in taxes. So that would give you the ability to do some Roth conversion using uncle SAM's tax dollars to pay for the conversion. It's money. You would have paid in tax. Anyway, if you want funding the 4._0._1._K, so that's the way I would do it just like, John when we talk about funding, a Roth IRA taking tax savings to fund it. Well, you can take the tax savings to pay for conversion to. Oh, sure. We we see that where you put the money into the 4._0._1._K, you're saving X number of dollars in taxes. Oh that same number. I put it inside of a inside of a Roth IRA sometimes even funding that 4._0._1._K gets you below the income limits. So that you can. Yeah. Well, that's true. That is true. So I think my my simple answer is, Nah, I don't I don't like the strategy of reducing your 4._0._1._K. I do like the strategy of increasing if he can and taking your tax savings, and then if it makes sense to do a Roth conversion fine. But you know, what it might make more sense to not do the conversion, but rather John said from the Roth just funded Roth IRA getting money tax free. Who cares? If that eighty thousand grows that three hundred thousand dollars later on people worry so much about post retirement taxation, and it's a mistake because most of us are not going to be in a higher bracket when we retire some well, but most will not. Yeah. It's it's a good idea to at least have an eye on taxes in retirement, but let's not get so focused that we'll think about this for just a second. You have a twenty four thousand dollar free ride at retirement. It's twenty six. Six when you're over sixty over sixty five right for husband that goes up every single year at some rate of inflation. Right. So if you're twenty years away from retirement your standard deductions, probably going to be thirty some odd thousand dollars. Now, if tax rates on the lower end don't change that much, and they probably won't. I don't know anybody that wants to tax lower income people higher. I know a lot of people don't want to take that tippy top of the ten million plus attacks, those people most of us don't have to worry about that. Let them fight that out in congress. So the lower side of the income scale ain't gonna be paying much higher taxes. Furthermore, when you do retire, you don't pay tax on one hundred percent of your souls security, the most on any five percent of your social security. If you have capital assets are cash in the Bank. You don't pay tax on that? If you've got rots. Don't pay tax on that. If you do pay tax on the other one, it's it's certainly less than ordinary income. So it's hard for me to imagine that the average American with two hundred eighty thousand bucks tash the way for retirement. Is gonna need to worry about doing a Roth conversion now and paying taxes when they're in probably a higher bracket now than they will likely be in retirement sorry about the diatribe. You got less than a minute. I don't really have time for Allie. I do this all the time. I heard you. I heard you discussing dating and second Hera recommend a prenuptial agreement. I. I need to go on. And I don't like them at all on first marriages on second marriages. I don't particularly like them. But I would say yes, like keep one thing in mind, as we mentioned, we mentioned all the time a pre NUP doesn't necessarily work with 4._0._1._K plans federal law will usually you will need a persona for that. And that could be a very very chilly evening at Ollie's house for the husband in particular that very well could be I was real time here, I was up by minute getting used to the role of a minute by minute. I don't forgive me. Okay. No, that's fine. Working on my old clock. That's okay. That's okay. Clean. It. Many times. Yes. And that's what's going to happen to allies future husband to why aren't thing to discuss. But sometimes you have to even I you both come into the marriage with assets, the answer is absolutely. You've got to have that discussion. I don't like it for first marriages because I think it gets the marriage off on the wrong foot. Call me old fashioned. But you can also call me married for forty six years. Yeah. Yeah. But I would suggest even some people with a ton of money if somebody who does. Money, but how many people in there? Oh, not me unless you're an athlete..
"eighty thousand dollars" Discussed on KTAR 92.3FM
"And the IRS sends you back a refund check wrote some money, but the refund check says you get the refund check is for nine hundred eighty thousand dollars. All right now patriots for a second. Whatever job you have. Let's assume you're not multimillionaire for a second. And we get a we get a refund check from the IRS for nine hundred eighty thousand dollars. What would you do? After you sit there and look at it for an hour or so that's what I would do just keep looking at it. So you have a checking your hand made out to you for nine hundred eighty thousand dollars. You didn't do anything wrong. You didn't lie on your on your tax return? You didn't do anything wrong. You did what you're supposed to do. The government screwed up and send you a check for nine hundred eighty thousand dollars you call the IRS immediately. I think I might do that the IRS this isn't like lottery money. This is like the US government. I don't mind not mess around. Do you? Call the IRS immediately. Do you just hold onto the check? And see if they come for it deposited in your account, the spend it all immediately. What do you do? Well, let me tell you what this guy did down in Florida. He made about eighteen thousand dollars filed a tax return, and they sent him a check for nine hundred eighty thousand dollars. Somehow it got sent to the system that he made a million dollars. So they said I'm a refund for nine hundred eighty thousand dollars, and he kept it and he put the money into a money market account. He deposited the nine hundred eighty thousand dollar check. Into money market account, and he bought himself Alexis, would you buy Alexis would it would that be Ferrari money? Is there a point where you say? Well, let's if I'm gonna go let's go in style. He buys himself Alexis does very well. And he claimed to the Bank people when they said Where'd you get this from he claimed that the money was inherited from his deceased father. Now, I don't know how that happened since it's an IRS checked, but he said it was from his deceased father. So the IRS figured it out eventually and they came down. He took custody of the car, and they recovered about nine hundred thousand dollars. Now, you gotta give the guy credit. He didn't go and blow all the money. He didn't blow the nine eight. He bought himself, a nice car and really kept pretty much all of it. So the IRS government came in found the nine hundred.
"eighty thousand dollars" Discussed on KSFO-AM
"Job in an Aaron har- with us. Hey, guys. How are ya? Welcome welcome. Where do you guys live? We live in Nashville. Oh, we're neighbors. Very cool. Welcome and all the way to Brentwood to do your debt free scream all the way to Brentwood, seventeen minutes. So how much have you paid off we paid off eighty thousand dollars? Good for you. And how long did this take twenty two months? Okay. Good and your range of income during that time range of income went from forty five to one ten. Whoa. What happened? Quite a bit. Yes. One of you got a job that didn't have a job or that would be okay. Is too right? What do you do for a living? I'm a marriage and family therapist and a youth. Pastor cool, and I work at Franklin energy Bank. Good for you. Okay. Very cool. So where are you youth? Pastor I'm out in Las CASAs, Tennessee. Okay. Very cool. Well, welcome welcome. Welcome good. So what kind of debt was the eighty thousand dollars? Unfortunately, it was my student loans. Ooh, became our student. So when did you get married three years ago or just every verb two thousand fifteen so a year into your marriage? Your looked up said we got to get serious about this. What happened tell me the story? Yes. Yes, baby. So we were wanting to have kids, but I realized that with that debt that it was going to hold us back. And so we went to one of you guys live events, and after that figured out that, hey, we gotta get out of debt in order to accomplish the goals that we have. Yeah. Okay. So let's get this debt cleaned up because when baby comes we don't want the baby and money stress. Right. Good. Very cool go worthy goal worthy goal. So what is the secret to getting out of debt? You did it in twenty two months. Yes. I think the biggest for us was sticking with the everydollar budget and an extension to that having a monthly. Like, but it meeting budget committee meeting. Yeah. And then just staying completely like focused on that. And being a team in it too. When it's written down. And we're in agreement. Isn't it amazing? How much power there's the simple idea. Yes. Yes. Because it actually works as a marriage and family, therapists, you see families pulling in six directions all the time. We could just get them to pull in one direction. Then everything changes. Powers unleashed in that. Yes. And what it does. He kinda says there's something bigger than me. And it's we and so I'm going to give up a little of me, it kind of messes with the selfishness spectrum doesn't it? Yes. Yes. That's powerful guys. Very very cool. So what when you did the every dollar budget the first time, what was the feeling? Yeah. So the pastor. Yeah. Yeah. So almost every budget meeting that we had each mind turned into at least a conflict if not a fight. Yeah. I know I never got better. Well, it sorta did it got better. They got shorter. Yeah. As we got better at budgeting. Therefore, it got easier and shorter. But yeah, we definitely had some conflicts around the the budget meetings. But as you were saying being laser focused Ambien on the same page helped us start see as accomplishing those goals. A hunch we so encouraging and just kept us fighting. Yeah. Literally, literally harass wanted it so much. So we were trying to one up each other on it. That's cool. I like that. That's fun. So what was the biggest fight about? Oh, the worst one. Do you? Remember? Usually revolved around do it differently. We budget differently. Yeah. We'll probably so she more did the spreadsheet thing. And that just kind of goes over my head, but I was more of the everydollar app. So a lotta times I felt like things were too complicated. All on spreadsheets. She wanted to drill down and have a little sad thing over here addition to every dollar super nerd, yes. Garen? He's like, no keep it. Simple. Keep it. Simple because I can't go complicated. And I didn't think it was complicated. You don't understand? That's fabulous. Good for you, guys. Very well done who are your biggest cheerleaders outside yourselves. Well, probably my brother in law and sister air kids, accompanied us in the journey and have gone to the live events through the process, and we did FPU part of it. We're still working on it. But through the online courses. Oh, good. Yeah. So they have been a big support, and our parents huge. Yeah. Very cool. Good to have people in your corner, especially family that actually believes you can win family tells you can't win. It's hard. Yes. Yeah. That's good. For you guys. We're proud of you. Thanks well done. How's it feel? Feel so good so surreal. It's amazing wins wins. Baby going to be here. May I may. That's so wonderful. You guys are on fire. Your incredible. What a great young couple very well done very well done. I think you can tackle anything and you're on your way to being everyday millionaires. And a copy of Chris Hogan's book to that effect signed by him and thanking us because we think that's the next chapter in your story that you'll be outrageously generous and be able to do all kinds of things with that money. That's very very cool. Yeah. So well done very well done. All right Jonathan and Erin from Nashville eighty thousand dollars paid off in twenty two months making forty five up to one ten count it down. Let's hear a debt free scream three two one..
"eighty thousand dollars" Discussed on WINT 1330 AM
"And then they have pumping truck and calm and drive along the streets and pump the water out of the low spots and washed away. So, you know, Porsche had cleaned and waxed. You know, our fleet of ten or fifteen skittle color Panera and within twenty five feet of leaving the safety the hotel. They're all muddy, and it was kind of funny. But the roads are great. And we took the car out to the Bahrain f one circuit which is another beautiful untouched sterile play than we were able to throw this things around, you know, they way over four thousand pounds. You know, they're not like cars like a nine eleven, but they've got the power, and they've got the all wheel drive, and they've got the four wheel steering and the torque veteran, and it's amazing with a combination of good, engineering, power and technology. How fast you can talk to one of the things around the track. How much are those things? I mean, they start like seventy five ish or so. Other not inexpensive. I don't like the word used for cheap. But say, they're not inexpensive. You're talking base price. Probably eighty thousand dollars six hundred the previous generation six hundred was a naturally aspirated. I believe it was a three point six six cylinder of and now they've gone with a single turbo. So the entry level Panama's. Now, finally one that I would recommend because it's got the low end torque everyone expects when they spend eighty big ones. Yeah. Eighty or eighty plus. Yeah. Yeah. I mean, you're not getting out of the door for less than six figures. Generally. Right, right. I think that they've finally got it to where it's looking at the thing.
"eighty thousand dollars" Discussed on 106.1 FM WTKK
"Eighty thousand dollars on the home. We started we had a rooms painted when we moved in. We started noticing some large from some dealers when said. We had an engineer come out. Come back alley and we bought the had engineer. Check the foundation. He said, everything was okay. It's about a ten year old home. Miss engineer that came out. This last November. He's estimating that there's between forty to eighty thousand dollars of foundational repair home requires and I'm just kind of baffled as to what to do at this point the home of the top of our price range. And I don't have four hundred eighty thousand dollars to sink into a home that we just bought a year and a half ago. Okay. So which of these guys is wrong because a foundation did not cave in in fourteen months since you've owned this house. Yeah. So the the one that came out. She believes in and there's some pieces to this. But he believes that the original engineer that came out some things and that the prior homeowners may have. Covered up some cracks. But he can say for sure there wasn't any reports that were done on actual home at the time. Decides engineer just telling our realtor that everything was okay. Functioning as a home inspector. Separate home inspection as well. I'm home inspection engineer. Sweet thought we did our thing we needed to to make sure we were, you know. There's one of two things going on. And I don't know which it is. And you're going to have to get to the bottom of it and figure it out. Okay. One is the new engineer is right. And you completely got screwed in which case. The other engineer the realtor and the homeowner about to get sued. Okay. Because they covered this up. If it's so dramatic that there's eighty thousand dollars worth of foundation repair, fourteen months after you own it unless it just was over the top of a dad blamed sinkhole. That's somebody. He had something like a lot of people had something with their incompetence or just straight out hit it, okay? Which makes them liable in your state, and so you'd need to seek an attorney's advice if that's the case or the second possibility is that the new engineer is a drama Queen. And is playing this up to be a whole lot bigger mess than it really is. And and so what we need is a third opinion for sure. On what is really going on here because I'll tell you man, I own a bunch of real estate. I've owned two thousand properties in my life. I have seen some bad foundations lots of them. And it's like termite damage. You know, most of the time there's personally in drama around it in excess of what it really takes to fix it. And people people just there's something about it that they just go bananas. And I mean, I would be shocked if you really have eighty thousand dollars worth of problems that you wouldn't have visually seen that yourself walking through the house before you bought it. Part of the trick in. I do have some things in the newer engineer. The neighborhood they were in. Unfortunately,.
"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 The Dave Ramsey Show
"We started we had a few rooms painted when we moved in. We started noticing some large cracks and some doors that went shed we had an engineer come out come back out. And we bought the home engineer. Check the foundation. He said, everything was okay. It's about a ten year old home. This engineer that came out. It was this last November. He's estimating that there's between forty to eighty thousand dollars of foundational repair that the home requires and I'm just kind of baffled as to what to do at. This point. The home was near the top of our price range, and I certainly don't have forty eight thousand dollars to sink into home that we just bought a year and a half ago. Okay. So which of these guys is wrong because a foundation did not cave in in fourteen months since you've owned this house. Yeah. So the the one that came out he believes in and there's some pieces to this. But he believes that the original engineer that came out miss some things and that the prior homeowners may have covered up some cracks. But he couldn't say for sure there wasn't any reports that were done I'm on actual home at the time. Besides our engineer just telling realtor that everything was okay. So he's functioning as a home inspector. Yeah. That separate home inspection as well. I'm home inspection engineer. Sweet thought we did everything we needed to to make sure we were you know, in in good shape because it was one of two things going on. And I don't know which it is. And you're going to have to get to the bottom of it and figure it out. Okay. One is the new engineer is right. And you completely got screwed in which case the other engineer the realtor and the homeowner about to get sued. Okay. Because they covered this up. If it's so dramatic that there's eighty thousand dollars worth of foundation repair, fourteen months after you own it unless it just was over the top of dad blame sinkhole. That's somebody hit something like a lot of people hit something with their incompetence or just straight out hit it, okay? Which makes them liable in your state, and so you'd need to seek an attorney's advice if that's the case or the second possibility is that the new engineer is a drama Queen. And is playing this up to be a whole lot bigger mess than it really is. And and so what we need is third opinion for sure on what is really going on here because I'll tell you own a bunch of real estate. I've owned two thousand properties in my life. I have seen some bad foundations lots of them. And it's like termite damage, you know, most of the time there's personally drama around it in excess of what it really takes to fix it. And people just there's something about it that they just go bananas and. I mean, I would be shocked if you really have eighty thousand dollars worth of problems that you wouldn't have visually seen that yourself walking through the house before you bought it. Not part of the trick. In in the way. I do have some faith in the newer engineer. The the neighborhood that were unfortunately, there's a number of homes experiencing issues part of the trick with ours. Was we thought these are newer home that are having issues we stars being ten year old home, and that we had an engineer thought. Okay. If it's gonna move. It's it's been it's moving. Okay. Real. Well, what you need. Then is you need a third opinion. And you need any need to get some legal counsel talk to an attorney because if you've got a thing that's been hidden from you, then seller disclosure laws are going to get them. This is the Dave Ramsey show..
"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 Movin 92.5
"God would never do something like that? Okay. I don't believe they did. Give us something. I wasn't going to take it. I tried to say, no. But you know, he he made me promise. And you know, I've never had eighty thousand dollars before. I couldn't turn down. Wait a minute. You are telling me that you didn't marry me for eighty thousand dollars. I'm worth eighty thousand dollars to you. I mean, no, no, it's not it's wasn't about that. It's your dad convinced me, he talked me into it. He said, it was the right thing to do, you know? So I I figured, you know, maybe he he's right. So I took the money. It's the right thing to do leave. His daughter literally minutes before you're supposed to get married it exchange for eighty thousand dollars. Look, it was a tough choice tough decision to make. But you know, what was I supposed to do? The grand taking grant. I tried to I tried to say, no. But you know, he just talked me into it. And then next thing I knew I was already gone. I was already driving down the street, man. I couldn't take it back. I don't know who's worse for you. Claire your dad or him? I can't like this is too much. Oh my God. I I I can't believe what I'm hearing right now. Look, I I don't know. What else can say other than I'm sorry. All right. I'm sorry. You don't to be honest with you. He did me a huge favor by not marrying an whole like you just you eighty thousand dollar price tag on my head. How dare you to be fair? He's the one who came up with eighty thousand dollars. So, you know, I just I just said yesterday, but you know, the price tag. Just stupider you if you're marrying into this rich fail, you could have had way more money with her dad, finally kicked the bucket that eighty thousand dollars, you're such an idiot. You know, he probably wouldn't have left me. Anything guy? Didn't like me. Grand out of the logic years. Tear of my dad was completely right about you. You are so money hungry that any chance you get. You would grab the money out of anybody pocket. You're nobody would want you in the family. Anyway, if they knew the person that you really are. So I can't wait to tell everybody. I love you and everything but eighty thousand dollars eighty thousand dollars. I love you. I love you like forty grand love you not eighty grand. Oh, clear. You wanted closure. Honestly. I mean, it's really hard to wrap my head around. But I'm I'm glad that I know the truth because after you're eighty thousand dollars, you're gonna wind up alone. And I'll never be alone because I'm amazing European. Yeah. How long how long you live on a eighty grand? I rather not talk about how much money I have. This is already embarrassing enough. I mean, you deserve more than this to be honest for what you put I think I'm done with this in general. So I, you know, I'm sorry. But I just I I can't talk about this more. Oh my God. Damn right. Claire guy your answer anything to your dad? I honestly, I don't even think I want to are you are you upset with your dad at all part of me is. But another part of me says he saved me from the biggest mistake of my life. No. You have to do your wedding day. Your dad has horrible time. He could have picked like auto any of the other days between engagement and wedding to make this happen. You know, I agree with you. He has really bad timing. But in the end, it all kind of oddly worked out, you're done. Have hated your extirpate eighty grand? I knew he hated him. But I I didn't realize it was that much as the guy a check. Yeah. All right. Well, that's a lot of hatred Clara. I'm glad you at least got your answer. And we're able to find out what happened and you have to keep us updated on what happened. To let us know what your dad says if you talk to them. I definitely will. And I just wanna say you guys really helped me through a tough time. So thank you for that. I do have a favor to ask you sure, I wanna get like a new car. Can we pretend to be getting married? Like, sixty grand a new car.
"eighty thousand dollars" Discussed on Order of Man: Protect | Provide | Preside
"Debts. Smallest the biggest make minimum payments on everything all the debts while you attack the smallest one with every dollar that you have which is what I had done personally in my life and I can attest to the fact that it works. So that is fantastic. How much did you pay off? I paid off roughly seventy five eighty thousand dollars doing that fantastic. See what that does again for the people that are listening for you to have done that that meant it wasn't an accident. Was it not know very intentional absolutely intentional. And so, you know, that's that process. And so using the debt snowball to attack debt, then once you do that you give yourself a raise because your money's going to stay with unit right to visa and American Express and all the other people. And then if I can add in there is to be intentional about that money. Let's say you saved for example, I should say freed up two thousand dollars a month of payments is now you don't go out and buy the four Wheeler and get right back into debt, but you're intentional about. Now. What do I do with this money? Do I increase my? My standard of living. Do I invest and save more money, but you're intentional about the savings as well? You're absolutely right. And that that's what I mean that you're happening to your money your four Hartford, you know, I know people that are driving two hours one way out in LA annot people that are sitting in all kinds of traffic in Chicago to catch the train. I mean, I've met these people all around the country hard working people. Well, if you work hard for your money, let's make your money work hard for you. That's the least it should do. Absolutely. Let's get onto number three being goal oriented. Well, goal-oriented means that you set your sights. These people didn't become millionaires accident. They knew what they were striving for. They knew what they were striving toward. And I think it's really important that when we set goals one of the things I talk about especially, you know, this time of year in januar- you've got a new year and an opportunity for new, and that means I want you to set goals, but I want you to set goals, but also be mindful in setting the goal be sure to list out what you're willing to sacrifice. Get there. That's really really important for myself. I set a goal I'm down close to around forty pounds. Now that wasn't an accident. I had to do some push aways and to push away from the kitchen table, right for sure and be intentional with that. And so setting a goal and then monitoring yourself to keep you on track. I think is really really important, and as we do this, and we practice those habits of having goals things that we're striving for it helps us to stay on track. It helps us to keep our eye on the destination that we we don't get distracted. What are some of the goals that you had seen maybe maybe a reoccurring trend or goal in some of these millionaires that you researched and interviewed. Well, I mean all of them were striving, you know, one of their big goals, obviously was to work toward getting to millionaire status. But I gotta tell you one of the things that they had in common was attacking and paying off the house. It was amazing two thirds of the ten thousand people that we talked to have a paid. Off mortgage. That's interesting because I actually I wouldn't have thought that number would be so high considering the low interest rate on a home the deductability and the right offs that come with having a servicing the debt on the home. That's that's a really interesting thought I hadn't considered that. Right. And here's the reality of that. And as far as the whole interest in keeping the mortgage for the tax write off shore. That's another one of those that I think people grab onto because it just sounds good. And it means that I'm not gonna let this mortgage sit here and hang out as opposed to attack it, right? It's a you only get to deduct that if you fully itemize your taxes, and so the reality is I tell people this Ryan, I give people a PHD and economics with this interest that you pay as a penalty interests that you earn as a reward..