35 Burst results for "One Hundred Thousand Dollars"
Who Are Ransomware Gangs Targeting?
"Which organizations are ransomware gangs looking to target. According to israeli cyber security firm kayla they primarily want firms based in the us canada. Australia and europe who on average earn more than one hundred million dollars in annual revenue and are not in the education health. Care government or nonprofit sectors. That's according to an analysis of forty five conversation threads on criminal forums. these forums are where initial access brokers claim to have hijacked into a company and are now selling that access to ransomware groups. Attackers are looking to buy specific types of access to victims so it and security administrators should pay attention to this. Highly desirable are companies. That have vulnerabilities in their microsoft remote. Desktop protocol set up which is used my employees for remote access as well as those with vulnerable virtual private networks setups using products from six palo. Alto networks vm-ware fortinet and cisco systems now in the last several months all of these products have issued patches for vulnerabilities. So you shouldn't be caught off guard for such access. Ransomware attackers are willing to pay up to one hundred thousand dollars and remember if your company earns less than a hundred million dollars a year. Don't be complacent. That's an average of the requirements of some attackers and only for messages seen during a narrow timeframe
Blue Cross Blue Shield Will No Longer Waive All COVID-19 Treatment Costs
"The early months of the pandemic people who were hospitalized for covert nineteen infections and had private insurance could be reasonably sure. They wouldn't end up with crushing medical bills analysis. By the kaiser family foundation were kf f found that in november of last year nearly ninety percent of people with insurance had their co pays co insurance or deductible costs waived if they had been hospitalized for a covert nineteen infection but the times. They are a changing last week. Blue cross blue shield of michigan announced that it will no longer cover all costs related to cova treatment. Starting october first hospitalized patients will be responsible for copays deductibles and co insurance for treatment of the virus. The insurer will still cover. All vaccination costs making them free to members including booster shots. The insurance company is the latest join a growing number of private insurers who were taking similar action now that vaccines are widespread and cova treatment so expensive. Insurers are holding patients responsible for their share of the costs again. Blue cross blue shield research found that the average cost for a hospitalized. Couvert nineteen patient could be as high as forty five thousand dollars. That quickly soared to over one hundred thousand dollars if the patient was in the icu. In a report out this month. Kf analyzed the two largest health plans in each state and washington dc which includes companies like kaiser cigna and united health. All of them had waived out of pocket costs at some point during the pandemic most have stopped doing so or will in the near future by the end of the nearly all will have ended such waivers. There are a few holdouts like humana which will continue cova coverage for its medicare advantage members. According to a report by fox business
SEC Charges Medivation's Former Deal-Making Lead With Insider Trading
"The sec brought charges against a guy who used to work at the company. Meditation which people might recall in two thousand sixteen was acquired by pfizer for. I think something like fourteen billion dollars with the sec. Alleges is not that he insider traded shares of medication or of pfizer. But rather that as soon as he got word that pfizer was going to buy motivation and before that news was public he bought shares are rather he bought options. Whatever the point is he put money on the stock of insight which is another company still exists that was perceived as being a competitor motivation. They both were developing treatments for cancer. And what the sec. Alleges that he bet correctly allegedly that incites share. Price would go up once. The world heard that pfizer was buying motivation because they would perceive that you know the value of these biotech companies is high because a company like pfizer my by them and in fact inside shares did go up and he allegedly made something on the order of one hundred thousand dollars in what the sec describes as illicit profit. Can i ask a question. David because i don't fully understand why the share prices of an unrelated company would go up. You'd think that accompany acquiring a cancer company would mean that other cancer companies in the space no longer have it acquisition partner on the table. Why why did this work. I suppose is why i'm asking. Well you know. I was kind of curious as to whether these charges would stick in part because of that. Because yeah you know. What's alleges that he made this gamble which ended up being correct but one could imagine it going completely the other way. Because as you mentioned if i were a market participant looking at insight you could totally take the other side of that coin and say well now pfizer. Buying inside is completely off the table. So it's actually kind of a little a little bit of magical thinking to think that because visor about motivation the likes of insider more valuable but in this case that was the perception although according to documents inside stock price went up by eight percent. So it's not like he had like a rain. Making investment allegedly again. He has not been
Must Americans Ignore the New CDC Eviction Moratorium?
"Meet the new. Cdc eviction moratorium same. As the old cdc eviction moratorium joseph tzavellas roy of business insider reports that the new rule carries steep criminal penalties for individual landlords. Who break the law. A potential one hundred thousand dollar fine and a year in jail if fiction doesn't result in death and up to two hundred and fifty thousand dollars in fines and a year in jail. If the victim person dies nano exactly what that means. I guess that means if you get evicted for not paying your rent you're going to collapse in a heap and die. And it'll be the landlord's fault because the cdc of course is woke. Here's the counterpoint charles. Uw cook writes. No it doesn't it because it's not in fact the law. The constitution says that the federal government makes the supreme law of the land and the judges in every state shelby bound thereby typically. This means that the courts all sorts are obliged to follow the rules that have been set or delegated by congress in this case though the courts are not obliged to follow anything because they're bound only by the supreme law of the land and because the cdc moratorium which has no constitutional or statutory basis which has been rejected by the highest court in the country is an ally among those who can safely ignore the moratorium he writes are everyone landlords collection agencies. The police state legislatures governors the media. Everyone
Is Your Photography Business Saleable or Worth Selling?
"Photographers around the i. Guess who you're talking to right now would have a business that would be turning over. We'll have a revenue of something between one hundred and five hundred thousand. I think that we can capture light. Everyone that's listening. Like one hundred thousand dollar turn of business or revenue business. Is that something that is cycle. it could be. It's less about the revenue and more about how the revenues generated so look for the business to be sellable. If you put yourself in the shoes of the acquirer you think about like where and how this business be worth me. Buying it and the answer comes down to. Will it run without the photographer. The owner you know if you're turning over one hundred thousand dollars in revenue and one hundred saw revenue comes from you selling doing the jobs the no it's not really sellable as it structured but if you've structured so that you're behind the scenes you've hired someone to shoot for example weddings and you're turning over one hundred thousand dollars revenue in. You're not doing the work or the selling. It's very much sellable asset. Even though it's just turning over one hundred thousand dollars in revenue it's really comes down to is the business dependent on you personally to either operate or grow. And that's really the essence of a cell will come if the answer to that is no then. It's definitely helped. I said if i. I have a photography business on not the photographer on not doing this aisles. But on behind the scenes you know maybe doing the marketing. But i have a system in place to do that. Marketing to bring the clients in. Is that still a syllable business. Absolutely all i absolutely. Yeah yeah again. There's three types of buyers and for the most part i think your listeners will be best served by what's called an individual investor so the three types of buyers in rare individual investors private equity groups strategic acquires private equity groups of strategic choirs generally acquire much larger businesses individual investors are effectively buying job. So what they're looking for is a business that consistently generates profits without the owner having to do the work. And if that's the scenario and they're looking to for example move into a certain country. A certain city perhaps moving to a certain industry that there are sort of enamored by again. That's the first step. The second step is can this business. Will the business continue once. I write a check to the owner. 'cause once somebody writes you a check for your business your attention get strong away
"When the olympics start will be the most talented team in tokyo. Hands down no question. Most talented team in tokyo with the roster that they have but this is like a five alarm fire right now howard. This loss to nigeria. I don't care if they win the rest of these pre olympic games which will take place through next sunday. This has to make you nervous if you're a fan of the team because not only is it this. The loss to nigeria. But you go back two years ago at the world championships where you had a us team. That was good. Didn't have probably better team now than they were back in two thousand nineteen but all nba players. They finished seventh. They've been seventh at the world championships. You have the seventh-place finish the loss of nigeria. How concerned are you howard beck about. Usa basketball. It's just an exhibition game. Chris oh no no. It's not just an exhibition game. Stop this team was thrown together over the last however many weeks they had what like three practices. I think i'll ever. Us team is thrown together. What are you talking about. There's no team. There's no no mid season practices for usa basketball. No but the nigerian team has been practicing. What i'm saying is some of the play in the nba though wants win the nba nba. A few of them play in the nba but that team has had time together more so than the team. Sorry brown coaching. that team. That i missed was that a facsimile of mike brown on the bench all season long. What what are we talking about. The warriors have been out for like two months kris k. Okay so two months. that's what matters. That's that's the number three three practices. Also they're still missing. I believe at least three guys because they're playing in the finals right now. Booker middleton chris paul get it. Yes not chris. Ball's not playing a holiday with the the what holland is your holiday. Those those guys will matter especially given that middleton and holiday are to the better perimeter defenders that that team. Usa has and if you look at the rest of team usa's roster. I don't see a ton of great defenders. There there are a few. I think those three guys by the way are going to be exhausted by the time they get to. They may well be. They may will be so. We're going to judge them. Judging when their whole judge when the games matter to strange to me like we don't judge nba teams based on the preseason but we judge team usa based on these exhibition games. That they do going into international competition. I feel like it's thirty. One point favorites. Why why is there betting line on a freaking exhibition better training but a little league baseball. Now country degenerates damn right. I didn't mean chris i'm with. Let's go monday. Nigeria money line. I just. I can't get too excited about this. If they lose the rest of the exhibitions does that mean something. Yeah that might be alarming if they're if they're still struggling to find some cohesion. That could be alarming. But i mean the talent is obviously their talent alone doesn't win on the international stage in style of game is different team ball matters. Shooting matters like yeah. There's a bunch of budget stuff that comes into play. But i i find the panic over this loss or at least the outcry to be a little bit much. So you don't take into account the seventh-place finish in two thousand nineteen. I mean that to me. It's the it's not just as game. The totality of it right. Like and i don't know howard like so in the early two thousands the world kind of caught up to the us ninety to ninety six thousand us. Gold maps then comes the two thousand two world championships in indianapolis and that's seven. The place finish was one of the worst worst outcomes in at least recent usa history. They got it together after that. They hired jerry colangelo. They bringing mike chef ski. They get their act together. Two thousand six two thousand eight then. They run off. Three consecutive years are three consecutive cycles of gold. Medals is argon. Made that like the world's caught up again that somewhere along the way and the last four or five years. The rest of the world has once again caught up usa basketball. I'm trying to understand this. I mean that's close games in those olympics cycles. No question about it. But i can't imagine the oh eight. Twelve or sixteen team losing nigeria. I can't exhibition or otherwise. I can't see it happening. No team and the and the one that followed it were built around like lebron koby. Carmelo enjoying wait. I mean that that groups at another level like as good as this group is that we're seeing right now as talented as they are after k. D. tatum's really good damian. Lillard is great. I mean come arbit- tatum. Bill lillard auto bio levin. Draymond dream ends up there in years but one has won some things. Jeremy grant jeremy grant zach living out of like. These are guys who have done anything in the nba yet. But they're all stars most they're they're also but are they to level of lebron kobe now but do you think is that what you're saying then is that what you're saying to be at the level you need to have like i'm saying the crop to win. I'm saying that if we're going to start comparing the twenty twenty one team to the twenty eight a two thousand eight two thousand twelve teams there is. There is not an equivalent right now. Lebron kobe laurent cobaine weight. And plus what we what. We called olympic. Mellow like carmelo. Didn't have the success in the nba. That some of his teammates did but carmelo in terms of talent level and certainly has resume like that group was at a whole other level. That group is a different level than jason. Tatum bam outta bios. Zach levine. Okay so not saying that you necessarily should have to have that level of time firepower to win an exhibition game against nigeria. Or anybody else. But i am saying comparing usa to itself different iterations of team usa. This one is not that one. This is not as dominant group as the ones we saw in eight and two thousand twelve. It just isn't what do you do like. What's the solution here. Like i mean i jerry. Colangelo deserves an enormous amount of credit for rebuilding that program when it was at. Its nadir mitra chefs. He comes in enormous amount of credit for what they did. But as we sit here in twenty twenty one like it's almost to me howard like the usa basketball rebuilding. The program became cool. Like lebron wanted to do it. Chris paul like dwayne wade. These guys wanted to do it and then they did it. And i think playing for usa basketball didn't become quite as cool as it was fifteen years ago. Like is that what has to happen like does not need to have like a fifth place finish in tokyo for all of a sudden the next generation of a-list stars wherever that may be in two thousand twenty four to come back into the mix and is that the only way this team can win. I mean i think we need to pay attention to the overall context like obviously one. These olympics were supposed to happen a year ago. They're delayed a year because of covid got durant out of it though like that right. It's questionable whether these the olympic should be happening at all still but along the way because of these back to back brutal seasons and everything else like team. Usa doesn't have james harden right now. Doesn't have anthony davis because of the injury doesn't have steph curry doesn't have kyrie irving doesn't have lebron kawai again. If your argument is that the second or third tier it sounds like sounds like insulting. Somehow but if you're saying that the next wave believe after those guys should still be good enough to dominate on the world stage. Maybe but if the point is that the team as best are they still. Are they still able to win. Gold fairly easily. Your probably but a bunch of them aren't on this team right now because of injuries and just the stress of the last year or two so this this is not necessarily representative of the best of the best right now. It just isn't and yes. They should still be good enough to win. Yes the world has caught up to some extent. No the the group that at nigeria's put it put out there last week. Does not leap off the page improbably. Us should've still want it. But again i exhibition game after like three practices. Let's see what happens with the rest of this. This schedule out brought mellow back. I mean he's not what he was four years ago. Eight years ago twelve years ago but the guy knows how to play international basketball. He might have sat. maybe. I guess. I didn't really. I assume that he just want to keep. He didn't kind of like four formerly re retire from the olympics. But it'd be pretty much says like i'm done like lebron kinda did to get talked into it. I feel like. I don't know if i was if i was the usa team would try really hard to get carmelo blake because his style. Whatever it is to the nba is perfect for the national basketball. He's a really good or national basketball player. On this subject damian lillard. He spoke for the first time. Since the hiring of chauncey billips. Only listen to what little had to say about his future in portland. I'm prepared to go in and do my job every year. Like hopefully we make strides over direction and could become a better team a new coach notice. That's where i am. What soured it sounds like. Lillard is at least nominally on board with going back to the blazers. But if i'm a team out there with assets. I don't listen to that response and say well it's over damian. Lillard is back on the same page with the portland trailblazers. If i'm a team with assets i hold onto those assets because it feels to me like the blazers might be one like sixteen to start from blowing that whole thing up with louis mccollum on the way out the door so get the sense now. That seems more likely than not that damian lillard at blazers training camp. He's in ablaze uniform. He starts the season with the portland trailblazers. But if it doesn't work with chauncey billips early and you get close that trade deadline. It wouldn't surprise me at all to see portland decide. Look we've got a. We've got to do something here and opened the door for damian lillard trade. What do you think. I think that nothing has changed. I think that his remarks last week because he sounded a little bit lukewarm. Or just you know you hear one of two things. Well you want to hear one thing if you're a portland trail blazers fan or if you're just looking for any indication that lillard is all in your you want to hear him say listen. I know things are rough right now. But i'm all in you know this is. This is where. I want to be you to repeat all the usual talking points that you hear from players in his position and that we've heard from bradley beal that we used to hear from james harden houston. Which is a win in phil in city fill in the blank with the city. I want to win here. I don't wanna go somewhere else. You know we're going to get this right blah blah. He didn't go down the usual list. And so i think it left open. Some interpretation but getting has changed like the disappointment was clear when the season ended. Some of the things have happened since including obviously the the the train wreck away they went about the the coaching search and lillard. Being caught in the crossfire. There at feeling heat from fans about chauncey billips being selected and so. I don't think we should expect he's going to be rah. Rah right now The trailblazers have a lot of work to do. But we also have not even hit the summer yet. Like there's the draft hasn't happened yet. Free agency hasn't happened yet. There's there's a lot of work to be done. And i think if you're damian lillard which you're probably doing is internally saying here's what i need to see happen externally saying you know what let's let's wait and see i mean you see. He can't he can't say publicly the same things that he's telling say neal o'shea right about what the the state of the roster i i would think that there are some very impassioned debates or discussions being held behind closed doors about what they need to get this thing right and if they can't get it right the he might shift is his stance about staying there long term. But that hasn't happened yet that we know of. What do you think the most interesting potential conversation is amongst players over these next four weeks like i'm kind of curious what jason tatum bradley beal talk about. Tatum and beal close friends dating back to their highschool days both went to the same high school bill with something of a mentor to jason. Tatum actually got him involved with his trainer. Drew hanlin which helped. Tatum elevate his his personal skills and they've talked about how happy they are to be playing together. Played the all star game together for the first time beal last year of his contract. Like you know we've seen these conversations yield real tangible conversation. You'd like to be a fly on the wall on for any of these guys in the next couple of weeks. Yeah i mean look we. We have a history now going back over a decade. If we're to believe that the that the heels were formed in part through team usa activities. You know which is true which is true. That's that's yielded an extra things guy. You know guys who you mentioned. Tatum and bill because they were already friends but guys also become friends through this experience right and then they start getting the ideas about playing together. Like oh hey. This is a lot of fun. Let's do this again in the nba. So there's i'm i'm sure some of that is is happening. It always does. Who else in that group. I mean man. If any of these guys that'd be trying to recruit bam out a bio but he's too early in his in his contract with miami to pry him loose from there And you know the heater still a pretty potent team but you know jimmy butler is up there in miles and outta bios future won't necessarily be there forever. That's the way it goes in the nba. I think tatum has the potential to be like the biggest recruiter. They're like he's about to start the first year of his max level extension. He can recruit bill. But like you can also does damian lillard like. It's great to play in boston. I love it here. Answer some questions of my have a playing on the east coast for the first time. Like i think data might be boston's best asset at this point. Yeah again some of this comes down to bradley. Beal's coming up to that point where he has the leverage to task out because of his contract lillard under contract for several more years and so he's not in that position. So what if it says. Like i need to go like. I don't foresee the blazers being no finish your contract. Just don't see it. i think right. And they would work with him on a deal to sure but directing it is harder so beal can use the leverage of his free agency to say well if you send me to team x. I'm not gonna resign there. Which then blows up that deal and he can direct himself to the team he really wants to be at lillard would have a harder time to doing that. Because he doesn't have free agency looming two to play that card. Yeah well i encourage any reporter. That's in tokyo tatum. Beal and lillard talking to each other. Just take a picture and then let the internet go wild crazy because it will unquestionably last thing for you. Howard the breaking news. This week in the coaching ranks. Is that jamal moseley is headed to orlando moseley of course last with dallas. A really well respected assistant coach there. Who was a candidate for that. Maverick job before. It went to jason kidd my immediate reaction to that higher howard beyond i think being an excellent choice for orlando is that we're gonna look at at moseley and jason kidd on parallel tracks. The next couple of years moseley. There was a strong case to be made that he should have been elevated to that head. Coaching job he'd been considered for other head coaching jobs. Before most recently in new york he had by all accounts a great relationship with luka doncic i understand bringing kit in he's got a history with dallas and as riccar lau said publicly having a player that played the game like kid and having a player that plays the game like don-shik make some sense to pair those two guys together. But there's always going to be as i watched these two situations unfold. I'm gonna wonder you know. Did the mavericks make the right choice. Leading jamaa moseley go and bringing jason kidd in and there's so many variables in this the first being at orlando's in step one or maybe even steps zero of a massive rebuild right there in the negatives right now. I think there's still maybe more fat to trim on that roster before they really bottom out. Yeah and you know you talk about trying to build around. You know markelle foltz. And and jonathan isaac jonathan isaac for so long. They're getting hurt and he's a great player but they've loved writing in a weird way john stays healthy. He's still more of a complementary store right like he's he's a potentially defensive player of the year at some point. He's not a guy who you're building an offense around though and marquel foltz okay. He he got himself back on track in orlando. He has a career now where he didn't have one but he's not a foundational building block. Come on like that's crazy so the roster doesn't have much talent jamal. Moseley's is coming into a situation. Which a lot of first time head coach is committed to which is all right. There's a lot of work to do so You're gonna have to do a lot of development. You're going to have to take a lotta lumps in the win loss column. It's gonna be rough going for the first year or two or maybe three. Let's see how they can get things going. But you know as it has been a certain other like kenny. Atkinson came to look a completely hopeless situation in brooklyn but was known as development coach in atlanta. And sure enough. Everybody who went there. Joe harris spencer. Dinwiddie jared allen versus lower. First round picks. Guys who were you know whether they were reclamation projects whether they were low picks everybody seems to get better the second they went to brooklyn and play kenny atkinson and his staff congenial. Moseley have the kind of effect in orlando can the front office. Get him to kind of guys. That will thrive in that in that kind of environment and carve out careers from cells and carbon identities. Jamal moseley has a lot going for him. And we've heard like many great things about it but we often hear great things about assistant coaches who don't end up panning out so i always. We have to caution ourselves on these things. Because i thought. Brian shaw was gonna be a great head coach and he was. Everybody loved him all the players sung as praises when he was associate head coach under frank. Vogel indiana he goes to denver probably just the wrong guy at the wrong time but he hasn't had another shot since then but that went really badly. Brett brown was really great in in some respects for the for the early years of the process and then suddenly. It seemed like they'd hit some sort of ceiling. Eager kokoschka of had been talked about for years is a great assistant. Coach didn't work out. Swells head coach in phoenix. David dale bumpy ride in memphis and then disastrous in new york. We just don't know like luke walton. Another example like there are plenty of coaches who as their when their assistance. We hear and see the best of them and then you know some of them be go on it and have great success coaches. I mean tyler has been fantastic. Mike malone has been fantastic money williams. Nick nurse dwayne casey a lotta longtime assistance. Get their shot and then you know it. It works out in a dozen. It's all contextual. It's all just the opportunity you have the thing for dallas is. They went with a guy who has experienced jason kit. That experience was not necessarily good experience. Like i think most people around the would look at what he did in milwaukee in brooklyn and say. I'm going to steer clear. Maybe you'd rather have the the unproven. Jamal moseley versus the somewhat proven jason kidd but. I don't think we'll know what the right choice was there for a while yet. Because it's it's gonna take some time before we can evaluate moseley as head coach. I maybe jason kidd learned something in two years as an assistant. I mean that happens. You know working with lebron for entire for two entire seasons working under frank vogel maybe picked up some things that'll be useful to him as a head coach. Moseley to me. The key is giving him time. Like you've got to be committed to moseley for a minimum. I think of three years and more likely five years. And then you see what you have in head coach. You mentioned gore. I mean it's worked out for phoenix. Absolutely but i do think he got hosed out there i mean he only had one year on the job and that year was without deandra aiden chris. Paul had devon booker of course but that was not a good team that he was coaching. There i gotta get moses the because you want to see what the guy can do when you put that team in a position to win a great example to me is james breglio in charlotte. I mean berea. Was one of those guys assistant coach elevated to head coaching position in charlotte. Not great first couple of years there but when he was given players and chance to win he did pretty well. I mean up until lamelo ball went out the horns were really good team and i think they will be a good team. Going forward in part because of the borrego is a pretty good coach. I want to see this magic team. Invest heavily in jamal. The you're the guy developed these guys and we'll keep you around no matter what the won loss record says until you get a chance to win then you judge like brett brown six or seven days since brett brown left but i can see the for letting go of brett brown. I mean they had a talented team and to a degree the underachieved. But you've got to let the coach get a roster on that level before you really make any decisions about whether they can coach. Yeah well and that's the thing about. This is what set up says apart. I think the good organizations from the bad ones is that you you decide when you choose a guy. Especially if he's a longtime assistant not a guy with head coaching experience. And you've said we believe in this guy. This is somebody who's got a great trekker record as an assistant. We're going to first opportunity. It's your obligation to when you say investment. Yeah it's time investment. It's a give them all the tools to succeed. Give him the time to succeed. You've decided you believe in him. So stand behind that have the conviction to stand behind that and take some bumps along the way you know maybe maybe memphis and or the knicks should have stuck with david physed longer. You know we had heard nothing but great things about fiscal coming out of miami. Initially we may yet you know. Find out that he. He can be great head coach in the right situation. Maybe those worth rights situations. He might be one of those guys though. I love physios and assist one of those guys. Though the just the temperament is always important. Like the government like memphis yet. Some battles with market assault didn't work out your plus new york. You just might be one of those guys that doesn't have the right temperament to be is based on what we've seen a memphis in new york might be better suited for these ranks but if he succeeds in l. a. I think he'll get another chance right. Maybe i think the point being though that if you as an organization have identified a guy instead he we believe in him then. Okay then believe in him. Stick with them and make sure you've given them enough tools to succeed Is it a pulling the plug at the first sign of of struggle and that's what happens in the nba. too often. is that seems panic. You know the fans turn. There's some minor flare up. Oh the coach and player got into it. Whatever it may good teams that can happen on as well. And it's it's just. It's the way franchises. React so you have to know whether or not the guy is is is right and then stick with them. And so yeah. Let's jomo's should get a nice long here. She got a ton of latitude in orlando given where they are as an organization given the state of that roster. Yeah i agree. Howard enjoy milwaukee looking forward to hearing the conversation with the lazarus on friday. You can check podcast. Right here on the crossover feet again. Make sure you listen to howard's interview. Spencer dinwiddie from last week. It was really really strong. Enjoy -joy the mid west our. We'll talk when you're back on the northeast always a pleasure. My friend the newest player in the pre nba basketball landscape is overtime. Elite elite will begin playing sometime in the fall. And we'll be headlined by some of the top now. Former high school players in the country players would be paid minimum one hundred thousand dollars with some making north of that and have access to high level facilities training as well as educational programs to help. Get a better grasp on that. I'm joined by brandon williams the head of basketball operations for overtime. Elite and kevin ollie the former. Nba guard uconn. Coach was the head coach and director of player development bread. And i want to start here with you. Just kind of give me the ten thousand foot view overtime elite. What are the objectives. What what what was behind the formation of this league. I think any of us. Chris who've been around for a long time i've actually seen Sort of the downside of young players who entered into professional ranks to this point. It's been the nba Who are not ready. And so what does that mean you know not not ready to form and be stars or is it just not ready to be great teammates or is it not ready to be good partners. is sort of all that you know the idea that the work day is much longer than they know. And that there's more responsibility to be in a professional athlete The responsibilities to families and communities we just have to do a better job preparing them and here was an opportunity to be part of a program that wanted to address all that. It's not just about being a good player. It's like we wanna address the whole athlete. Hope so on. Three levels were hitting basketball. Easiest thing understand. I think businesses in our world is education And then there's brand you know. These young people now are moving at a speed that we aren't as older folks and they want to build things An earlier age particularly off the court so building a brand is important something that can last well beyond their tread on tire so we're hitting it in basketball business brand. That's that's that's really thirty thousand foot view. Kevin what attracted you to this job. Just like his dad is the whole person being able coach them from a mind body and soul Experience and understanding the mindfulness athlete I've seen it from a pro level. Got up tune into play thirteen years with twelve different teams so i understand like the different trials and tribulations you go through with a player not saying that these players are gonna go through that but is getting them more prepared if they do come into some certain situations where it's not typically going the right way. How can they manage that situation. So what they do today can echo into tomorrow and having the ability to kana paint on a black blank. Canvas is what a really attracted to me to to this you know. Ot league program we can take the player really shape the curriculum you not with teaching them about subjects. But we're really teaching them about themselves as well from media training From mental health issues. All the different things that come involved because we all know chris is stress. You know from success is a lot of pressures is a lot of people pulling at you. It's a lot of people won't certain things. But how do you deal with that from a player's standpoint where you can play when you get on the basketball court and half clear and not be caught up in the distractions of off the court issues. Um as desks desks were really kind of vocal. Spirit to give back in it and how these kids you know. Have these players be available at the moment of truth to make the right decisions and that was very important to me. Kevin as you mentioned you played in the nba brand. You played in the nba. As well i wanna ask both of you guys and kevin. I'll start with you like if this was available to you as sixteen. seventeen year. Old looking back. Would you have founded attractive with a definitely founded attractive You know i kind of thought the box anyway. I was from chris. Shaw from from from south central and i chose connecticut. So you places that. I didn't even know nothing about growing up. You always thought out the box and never wanted to go down a path that everybody was going down So i was always curious. And i think that's how my mom especially my mom. My dad raised me. So i definitely been curious of this situation. No no speaking now without you know took it. I'm not sure. But i think it really gave me another option to look at it and this is what we're trying to do not saying that the ncaa is wrong overtime. Leaders wrong or right. It's not about that. It's about if you really care about the student. Athletes you give them as much options as possible. And i think this gives the lee student athlete. Another option and i think you know it's a very Great option for them to have and if they choose overtime league we're going to give our whole heart to make sure they're developed on and off the basketball court chris i- jumping after coach It would have been interesting. Chris but i certainly would not have been a candidate i would. Let's just get that right. What what things that's important. We sit down going through just grassroots community and we spent months just talking to people educating about. You know what we're about who we are. Each of us has a reputation in some other space. Not here The this program isn't for everybody is not the right fit for everybody. We are cherry picking and a lot of ways. These are players that feel like they are destined for professional basketball. There are a lot of sixteen year olds. That don't know that yet and their parents aren't convinced that yet in people that support them. Don't don't feel that confidence yet. They may be another year away or two years away but this is not. This is not the right path for everyone. Twenty four athletes roughly twelve per class. We're looking at juniors and seniors and the truth is at this age. What was really funny about scouting them is everybody's skinny and like a lanky and underdeveloped and still has like a mountain of upside to you know to to get through before you can really see who they're going to be but you know if you have a young player like brand williams who's just dreaming of being an nba player but does not much certainty. That's even realistic We gotta be very careful about this approach In taking because there there are risks but for those that that have already established in this deke. They've established a day of separated from their class. You know jaylen. Lewis has an example the most recent example. He's he's he's elevated in separate. The draft isn't tomorrow though so there's still a lot of work to do but he's already in front running physician and it gives everyone low confidence that this is the kind of investment and the kind of pet that would make a ton of sense for players like that. Let me follow up on that brandon. Because you're you're entering. What suddenly become a fairly crowded space in terms of leagues like this. You know the g. league ignite is one season in but they've had a measure of success. We've seen jalen green probably a top pick. Jonathan kamenga top five or six. Then you have the ncw with this. Recent ruling allowing top players to make money off their name image and likeness. How does how does the elite separate itself from that group. Why think i is. We start a little bit sooner so the g. league zone a great job with what we call it a year the prep year that year. That a recent graduates would be going to college and they've already been hacking the system you know going to italy or china So so there's a market for those players and we want an alternative to college for for for us though. Our players are seeking an alternative to high school so we are a school but we think about the resources that were bringing to the table first of which being an nba like environment You know start coach. Ali coach lehto in a robust set of staff. I mean scouting staff a high performance staff administrative team. Our goal was to simulate an nba organization for for young athletes at sixteen seventeen eighteen. Th there there is no other environment. Like that. And i think the big way that we separate with high school athletes Is that both domestically and internationally. We're able to put twenty four of them together in a building. So what we're selling is the best competition for these guys starts at home. I mean every day in line coaches don't minister drills administer competition aspects of practice and getting ready for games but when you look to the right and left and i noticed as a player. There's no weak link. I mean everywhere you look. There's somebody that's doing what you're doing and possibly doing more. Because they they are not just dreamed about the into the league or to the high level. They're on their way there That's where we've been able to. I think create a little separation from others that have tried or looked at something. Like this kevin. How do you approach this job. Do you do it in a similar mindset and you had at uconn where you have young players you also you know yukon. You had to keep them academically eligible you to follow that pretty closely. I mean is there is it a similar mindset or do you take a different tact. I think you just let it be you know. Similar is not. It's just whatever comes you say yes to it and you cultivate hope from it I never coached high school players. They was always you know graduated from high school. And now they're freshman's This situation is a little different in in was recruiting for two to three years. This situation is a little different. But you know from me. Chris i love the unknown about it. And that's the space i live in. Not just wanna make sure that. I have the space incorporate something in these players that they can just think about it can build from a have a foundation so when they make the transition they have every tool in the toolbox to say okay. Oh that's a problem Assess it let me be able to correct it. Let me obsessed. Let me be aware of it and i think that's the difference between you know coaching a high school kid in in the college. Kid i mean you get able to mold them a little bit better and then you have to understand where they at. Now you know back then. I didn't have social media. We didn't have social media now. These kids these players are building their brand a little bit earlier and now you just meet them where they are. And i can't wait to get them up on campus get them up until atlanta just continue to build a great relationship. Welcome spend time with the one on one in. This situation is going to provide us to do a lot more skill development that i didn't have a really good opportunity and it had not one say good opportunity. I didn't have the best opportunity. Because there's so many things we own a row recruiting You own a row fundraising these different things. Brandon's taken care of in. Dan porter is taken care of. I can just really coach the player and work on his skill development on and off the basketball court. So it's really given me my own lane. So i can really perform my job. Mama job is really breaking down and relationships it starts. Relationship is start with trust. Stars will hold is spending time with the the young student athletes on and off the basketball court and pushed them to greatness and the competition is not on. our side of competition is with him. You know can you beat your previous best bestself. Can you be better than today you know. Can you be better tomorrow than you were date. And that's what i'm coaching. And that's what i love to do. And i think we're going to have some great young man as open as biden has going to be vulnerable going to try to reach for the sky. In the sky is going to be ob- you is not going to be limits. I can't wait to get up to atlanta. We've been having some many camps. Chris has been wonderful to get back on the court with the guys. And i'm looking forward to the next mini camp and dan looking forward to getting them up to atlanta. So we really can go to work. You know when. I was was talking to brian. shaw a couple of months ago. Kevin about how he was coaching. The ignite you know it was a lot of pro stop. He was trying to bring to that team. Are you taking that same. Approach you trying to coach them like their nba players or something different. No it's nothing different is just. I'm building pro. Habits in every situation is going to be different. Chris this is going to be some guys. Come in you know. Say for instance like a. John montero will we got him and he you know is a little bit more advanced than some other players because he's been a pro- already and then it's going to be another situation where we gotta talented guy might not be able to get quick but these opportunities we can go at our own pace we can sit down and talk to them but we're really teaching and building pro habits and those habits is going to translate over to them being great pros when that opportunity come invest in the nba are the euro league so every day you know we are building like a practice plan like more of a college practice plan nba practice bandwidth doing drills. That i got from my numerous stops in the nba. You know we're doing sets in the nba. Then we gotta understand that sixteen years old as well you know and maybe sometimes you gotta you know kinda doubt it down a little bit. But i'm gonna let com. I'm going to let that go. i'm not going to focus on one of it. I'm not gonna say oh. We're doing this process. Each and every day every day is different. And that's what i love about the unknown. And i'm gonna treat it like that and we just gonna continue to bill because i think we got great mas and organization that really want to coach the whole person. And that's what i'm really excited about. You decided to upgrade your outdoor deck. So you ordered the essentials. Power washer said a patio chairs and a shiny new grill. And you use your bank of america. Customized cash rewards credit card choosing to earn three percent cashback online shopping and up to five point. Two five percent preferred rewards member which you put toward your most essential deck addition a bird feeder of yours at bank of america dot com slash more rewarding copyright two thousand twenty one bank of america corporation support for this podcast comes from invent together according to studies less than thirteen percent of all inventors who hold a us patent are women black and hispanic college graduates patent at half the rate of their white counterparts. But we can fix that by increasing participation innovation and patenting by underrepresented groups. It would quadruple. The number of american inventors and increase annual gdp by almost one trillion dollars. Invent together is a coalition of organizations companies. Universities and concerned citizens committed to ensuring that everyone has the opportunity to invent and patent because the more diverse. The american patent system gets the stronger and more successful. our nation will become. What can you do to help. Divers inventors patent and unleash economic opportunity. Find out at invent together dot org learn more and take action today brandon not to continue to compare this team to the ignite but when i talked to sharieff abderrahim about that i mean. I had asked him about the sustainability of that team. Given how much. Money was being poured in to pay some of the players. And he bobbed and weaved floyd mayweather trying to answer that question. Because it's it's hard to commit to it without say a television contract more sponsorships and things like that when you can you speak to kind of the sustainability of this because we've seen startups with an influx of cash. Get get in big the first year. But then peter out. I mean what needs to happen. Four overtime elite to become a long term successful program while has got to answers. I think you know a concept. I mean we're we're selling on the ability to develop young players and have a more more pro ready right. So this is. This is the path we are offering basketball development. Call it professional Business development And we are also like leveraging. What is an incredible media platform that again. The things that we like to call a distinguishing factors. That's a huge one. So not to bob and weave one. We gotta be good ass. You know that. That's how have long deputy spurs the spurs. They were good for really long time. And so we've got the that there were good at this note. No pressure on kale right The the the second piece though is you know and this comes from my my time in the nba. It just wasn't that long ago where it out of chicago. Pre-draft combine interview. If i said. I wanna build my brand. Everybody in the room was like smirking and like you know what. What are we talking about like. It's about basketball basketball basketball And you know if you are young team developing and not winning a lot of games truth is you can't sell just basketball because your basketball isn't great you got to sell personalities and stories in that there's something that people can invest in in fall in love with other than like the final score like otherwise. The sixers had no chance right any any development team yet to buy into a story and for us. I think we have a chance to create stories but we get a chance to show those stories because we have a platform. So it's it doesn't take much. I mean i'm not a social media guru. But when i got recruited for this job haven't been around the block a little bit certainly from an nba perspective. I heard a couple of things. I really got my attention. One was fifty million followers That's eyeballs and we all know that that Business follows the eyeballs in whatever in whatever respect. The other was which is unfair. Because i think that number changes month over month but it started at one point four and not set maybe one point eight or one point nine billion with a b. billion views of content a month that overtime in some ways has found a way to the heart. The mind of young people It is being communicated and solid as you know the generation z. sort media and content engine We are doing an amazing thing here which is developing young talent in a pure way that we want to make sure that they are prepared. Top to bottom to do well on the court to do well and communities to do well in business but then there's this other thing which is they want to be known like. No player wants to play in an empty building. Everybody wants to play where it matters. They wanna play. When nick can rock and like the building and just like recognizing their talent. We're just artists. And one thing that is kind of showcase. By one event that that overtime overtime the media company producing s called. You see it on youtube to. Is that over. Hundred million people watched that. I mean that that's not an insignificant number that players that are going to play overtime. Lee will have the opportunity to be known The the opportunity of bring brick big brands to the table and support this platform If not already indicated by the kinds of investors that that have shown interest but the brands that are coming to the table our sustainability is going to be showing value delivering value to not just the athletes but to overtime visibility. I would imagine great for them but can you monetize it. Can you make it so this league is in the black or does it need to be in the black every year. Well my the good news is as a basketball man. No different than a different than the is Get a budget. My job is to be fishing and and spend wisely. I i'm not. I'm not asked to sell tickets or generate revenue that's for a tremendous And in successful a business operations Our job is to make sure that what we are delivering is high is a high level product That you see the growth and development of our young players. What's there recruited. We gotta make them better. They need to be able to perform and probably the best testament of our success is going to be our nba. Gm voting with this pick right but with a coach saying like they did a nice job. This guy was. Well coached testament to takeo and the rest of the coaching staff. That if we're doing that will prove successful. Because guess what the next crop of recruits when we're in the gym like we're not chasing them. There's sort of meeting us at at minimum half way. We need to keep bringing high level taliban and developing talent to prove successful and i have a tremendous set of partners across academics and across content media. That will will do their part to elevate our business. Can you expecting to tap into some of your. nba relationships. I mean as you mentioned thirteen teams in twelve seasons. You've made a lot of friends over the years. We're going to see like san preston sitting in the crowd for your practices as a whole so sam and so many gyms that i know you know Kevin durant and all these guys are destinies in overtime. Just having them be around. We had our first minicamp. Ray allen showed up and not only showed up. He brought his son to work out with guys. Just it was just amazing. does just see how the branches that we can continue to pull up on and they continue to pull on us and be a partnership in. This thing is going to be great. Are you expecting to have kind of drop ins. Durant's involved with the league. You expecting these guys. Just be around. Which i would imagine would be both a resource for you but also an attractive quality to this league definitely. Definitely we going to build a place where it's going to be hopefully a development premier development destination for everybody and you know hopefully katie can come out and work out with guys and russell westbrook and james harden and all these guys that we know and i know i had opportunity to be evolved. Then it's kinda beat a veteran guys We want them to be around. Because it's not. Just me sean. It's also watching tape like these are the different drills and look how k. d. and look how chris paul is using the pick and rolls and now they're showing up that's a that's a big big bang for us with us growing these young talented student athletes To get them inspired to the next level and they're doing a great job done only gonna do. I coached him. Chris a coach me on a day to day basis. I'm open to that and we just really want to have a love affair with guys and and the end of the day chris. We want appease the basketball guys. We wanna play the right way. We want to share a basketball. We wanna run. We wanna have fun. We want how to join the game but it can't just be me me me. It has to be weak. And i'm wanting to teach guys how to be involved in any system they get drafted about. They can be a part of a productive system and be a productive partner in in the community as well no matter what city they when they arrive to the nba brandon. Before let you go. What schedule gonna look like i mean is this team playing. Just walk me through kind of what these kids are getting into. And what kind of schedule you gonna be able to put together so schedule that that is really interesting for everybody. And i wanna try to illuminate. But i've got to be careful we are still contracting with some teams But for the audience the think about it in buckets. We're gonna play independent prep schools. That's going to be a significant part of our schedule. We are a high school so we are looking to schedule. Some of the top independence that you would typically no to have a national schedule can travel that have the ability to be mobile. We're scheduling home and away with with With those folks and it looks like net set as an example It looks like you know. Folks that are playing for a national title Arizona florida california. So it'll be a widespread travel schedule for us. We're also looking at European competition so think about junior euroleague as an example. Some of the best clubs the Insects as an example Where we can get a collection of sixteen to nineteen year old elite talent to compete against us. And then as i mentioned earlier on the show we really feel like the best competition is gonna come internally and that's where our league play Comes into effect so we are looking at our group of twenty four as three teams of eight. There will be standings you'll be able to track will compete against each other. That'll be a significant part of our schedule as well. We don't want to overstep our guys one of the things. We really wanna correct leading science. Guide us here. is is minimized the wear and tear. Nobody's while still developing and preparing for a professional level place so a schedule of maybe thirty five. To forty games is our target. We started september Training camp will will begin Play by mid august. We'll be done by by Late march is how we see our schedule shaping up i'm looking forward to it brennan kevin. It's a really interesting concept and hope you guys have a lot of success with an. I'll certainly be watching a lot of. Nba people will be watching but brandon. Stay out of a set of massachusetts. Kevin has like some basketball. Ptsd from all those bc. Matchups i'm sure would probably were so tough. I don't remember kevin. It's not real like talk about it. But lita past. We'd be six thousand. That's not very nice. That's hovering kevin brand. Thanks for joining me. I appreciate it all right. Thank you chris. Thanks so much.
"Like the government like memphis yet. Some battles with market assault didn't work out your plus new york. You just might be one of those guys that doesn't have the right temperament to be is based on what we've seen a memphis in new york might be better suited for these ranks but if he succeeds in l. a. I think he'll get another chance right. Maybe i think the point being though that if you as an organization have identified a guy instead he we believe in him then. Okay then believe in him. Stick with them and make sure you've given them enough tools to succeed Is it a pulling the plug at the first sign of of struggle and that's what happens in the nba. too often. is that seems panic. You know the fans turn. There's some minor flare up. Oh the coach and player got into it. Whatever it may good teams that can happen on as well. And it's it's just. It's the way franchises. React so you have to know whether or not the guy is is is right and then stick with them. And so yeah. Let's jomo's should get a nice long here. She got a ton of latitude in orlando given where they are as an organization given the state of that roster. Yeah i agree. Howard enjoy milwaukee looking forward to hearing the conversation with the lazarus on friday. You can check podcast. Right here on the crossover feet again. Make sure you listen to howard's interview. Spencer dinwiddie from last week. It was really really strong. Enjoy -joy the mid west our. We'll talk when you're back on the northeast always a pleasure. My friend the newest player in the pre nba basketball landscape is overtime. Elite elite will begin playing sometime in the fall. And we'll be headlined by some of the top now. Former high school players in the country players would be paid minimum one hundred thousand dollars with some making north of that and have access to high level facilities training as well as educational programs to help. Get a better grasp on that. I'm joined by brandon williams the head of basketball operations for overtime. Elite and kevin ollie the former. Nba guard uconn. Coach was the head coach and director of player development bread. And i want to start here with you. Just kind of give me the ten thousand foot view overtime elite. What are the objectives. What what what was behind the formation of this league. I think any of us. Chris who've been around for a long time i've actually seen Sort of the downside of young players who entered into professional ranks to this point. It's been the nba Who are not ready. And so what does that mean you know not not ready to form and be stars or is it just not ready to be great teammates or is it not ready to be good partners. is sort of all that you know the idea that the work day is much longer than they know. And that there's more responsibility to be in a professional athlete The responsibilities to families and communities we just have to do a better job preparing them and here was an opportunity to be part of a program that wanted to address all that. It's not just about being a good player. It's like we wanna address the whole athlete. Hope so on. Three levels were hitting basketball. Easiest thing understand. I think businesses in our world is education And then there's brand you know. These young people now are moving at a speed that we aren't as older folks and they want to build things An earlier age particularly off the court so building a brand is important something that can last well beyond their tread on tire so we're hitting it in basketball business brand. That's that's that's really thirty thousand foot view. Kevin what attracted you to this job. Just like his dad is the whole person being able coach them from a mind body and soul Experience and
Hunt for Capitol Attackers Still on 6 Months After Jan. 6
"Hi Mike Rossi you're reporting the hunt for capital attackers is still on six months after the January sixth insurrection at the U. S. capitol the FBI continues to hunt for scores of rioters more than five hundred people have already been arrested on Tuesday the FBI released eleven you videos of riders attacking law enforcement officers the FBI is appealing for the public's help in identifying the suspects the FBI website includes more than nine hundred photos of roughly three hundred people labeled and identified and the F. B. I. is offering a reward of up to one hundred thousand dollars for information leading to the arrest of the person responsible for planting pipe bombs outside the offices of the Republican and democratic national committees on the night before the riot might cross your Washington
Carl Nassib Becomes First Active NFL Player to Come Out as Gay
"Las Vegas raiders defensive end Carl Nassib was matter of fact when he went on Instagram Monday pointed to a quick moment to say that I'm gay I've been meaning to do this for a while now but I finally feel comfortable enough to get it off my chest Nassib who played collegiately at Penn state we'll start his sixth NFL season in the fall his second year with the raiders he also said he hopes such announcements won't be needed in the future actually hopefully one day videos like this and all coming out process or just not necessary NASA says he is donating one hundred thousand dollars to the Trevor project a nonprofit that seeks to prevent suicide among LGBTQ youth I'm timid wire
What It's Really Like to Be a Truck Driver
"My understanding is that there's a lot of turnover among drivers too. So you know trucks might get worn out after three years. Drivers might get worn out in even less time and leave the industry altogether. Could you maybe describe. How desirable is being a truck driver as an occupation. At the moment so joe and i talked about how we both have this sort of romanticize view of it could you may be Tell us what it's really like. And how it stacks up against the money that you're actually being paid to do it. At the moment the realities are quite different in your romanticized Of the it is a tough job. So if you're an owner operator you'll make in this market because the demand is so high you quite well. You probably would net one hundred thousand dollars as a employee driver. You're probably going to be making about fifty five to sixty thousand dollars as an employee driver per year and you're going to be paid on a per mile basis. You're gonna you're gonna run your trot kurt or drive or work about fifty six hours on a given week. It's not a forty hour week. Actually working fifty six hours. But here's the reality is. You're not at home every single night. The vast majority of the driver attraction out and so while you may not be on duty that fifty six hours in a given week. You're you're still at a truck You're still dealing with over the road. So it's it's a really. It creates a lot of strain on families A lot of strain on people. It takes a special kind of person to want a life where they're out in the road. It's it's a job that's very dangerous is one of the most dangerous jobs in america. It's a job that has very a high occupational issues in terms of health. You're sitting in a truck for you know you're driving for eleven hours a day. You're sitting which you know drivers have high incidence of obesity diabetes so it's not a great lifestyle And for all those reasons. It's not a desirable job for for a large percent of the population. And unfortunately the industry salaries have not kept up with a lot of the competitive industries which they compete for labor like warehousing construction other types of industries which sent a poll the same labor force
I Just Bought a House and Feel Like I'm Never Going To Pay It Off
"That's a question on tackling six. So i recently paid off about two thousand dollars at that. Twenty five thousand. Thank you i have twenty five in my versus fund. And i have close to fifteen percent of my income since since the can't through full fifteen because the 401k cat And when i'm looking at six my mortgage is like this massive thing since i just got in twenty nine thousand nine hundred and just putting everything in their wake me years To do to pay off is what's your income I make one seventy boy ago. What's this morning For eight all. Stop your wine and dude you can do this. You could totally do this. You make one hundred seventy thousand dollars when you wanna do some sort of thinking fund for unknown expenses or an unknown reason. You're single guy. You're so awesome why to go man. Fiance well yeah okay. You're not you know she go mess. This upper she gonna work with you working together. What is she make fifty holy crap. You're gonna be making a quarter million dollars and you're you're not even thirty yeah So i guess then that's the after that and just put just throw it seriously seriously. One hundred thousand dollars a year in years you're done. This is not exactly overwhelming. And then put everything and then you'll be debt free and you'll just be making a quarter million dollars and become unbelievably wealthy and unbelievably generous. And if you don't one hundred thousand dollars a year and you only do seventy five thousand. It's gonna take you five years wang you really got. This is very very very doable. Your stud
How to Buy Host-Read Ads at Scale
"For the people. Who aren't familiar with you. How'd you get into managing your ads. The content creation. Yeah great idea you you made your show but like what made you decide to not just have somebody else handle your ads. Well i have. I i did want to have somebody else handle my ads and i called friends of mine at agencies. Well actually that wasn't even my first up i. I started talking to people that worked in marketing at networks. And i said hey. Do you have freelance little side. Hustle com moonlighting. Anything that i can do to hire you. And i got a lotta yeses. And then like five months later. They were still like. Oh i'm just really busy right now. And i thought you know i don't like waiting for people. How specialized is this knowledge. So i hired some freelancers at another network to just give me proposals right. I said if you had to plan this and you weren't executing it because you don't have time. What would the proposal look like. And they were like well. I would advertise. Here's how you buy some ads on twitter and here's how you buy some ads on instagram. And then we'd have you buying facebook ads. And i paid a guy who has a facebook ads specialist just to test this in. I got convergence for like six or seven bucks but they're not even subscribers. All we know is they went to the page. That i had the player on for the you know dennis rodman episode and i went. You know these are not people that we know. Listen to podcasts. Like we think they do but they clicked over from facebook. And so there's just so much loss. And then i said you know. I'm not convinced that a lot of these people really know what they're doing. I don't think they're clueless or scammers. I just think when you are twenty-seven you work at a big company or a medium company and they're like you have one hundred thousand dollar marketing budget. Are you thinking. How do i get the best bang for the buck or you on. Let me do something that says. Get me fired not gonna get me in trouble. Sounds good on the face of it.
Single Mom Making 20% ROI on Detroit Rentals
"Right now. I'm just getting started in real estate. Investing and i'm investing in a market that a lot of people are scared of they shy away from and that is detroit. I know a lot of people are like no way. They think it's a war zone. But that's where. I moved from whenever i moved back to texas. Which is my hometown here in fort worth. But i know where to look in in detroit where the path growth is where those neighborhoods are that can be beneficial or not and so for those people who know the opportunities. There's great cash flow. What i ended up doing in order to ford. That was taking the money from the cares. Act that you had Allowable up to one hundred thousand dollars. I took the maximum out and purchased a correct It was from the ira. But i did that and took that draw on the cares act so that i could purchase in cash to get my real estate investing started. Okay well great. So the challenge is how do you kinda scale this. How do you continue to advance your real estate business and move towards your passive income. Numbers that the the challenge. We're going to be thinking about today. Absolutely all right. Well let's get. Let's get a of the other information out before we before we go in tackle that so let's build a profit and loss. What's your income and expenses your monthly cash flow that you're able to to generate so salary one take home is about forty one eighty per month then my second job within the dental office. I usually bring about seven fifty a month so total. Take home about forty nine thirty per month. That's great and what about your expenses regarding my expenses. My mortgage payment runs seven zero five per month. I do my own taxes and insurance escrow myself. That's another seven or sorry five twenty five a month to five fifty mortgage expenses. Are you talking about your primary eight or and we eat your business a completely separate entity or is this including your business your real estate portfolio. No this this is business completely separate so this is just my. My personal mortgage is seven. Oh
S6 E12 - This is how to get (financially) healthy
"Your housing your food your transportation and then medical and absolute necessities so if you have prescriptions or you've had doctor's appointments or you absolutely have to have daycare because you don't have family or friends that can watch and you have to pay for daycare. Those are absolute necessities. Everything else is extra fluff lifestyle spending. So when you're going through and figuring everything out these four things need to be taken care of welcome to another episode of the we serve now. What podcast the show. Where i do my best to answer the questions veterans and their families are already asking so you can make your post military life your best life. My name is aaron perkins. I'm a us army combat veteran husband to a beautiful wife. Daddy to amazing kiddos. I'm the author of the resolve book and that is a step by step guide. That takes you the veteran through a process of rediscovering. Your life's purpose. After you left the military. And i gotta tell you i have so been looking forward to today's episode because my special guest is here to talk about something that matters to every single one of us is topic money. My guest today is quite boss. Marco is a twelve year navy veteran who deployed in support of operation enduring freedom. He got out got his bachelor of science. Degree started a side gig as a financial coach in two thousand sixteen while working in the nonprofit industry in didn't take marco long to realize that he was struggling with a lot of the same financial issues as the people. He was trying to help so in an attempt to fix his own struggles. Marco applied business cash flow principles to his own finances with an eighteen months. He added nearly one hundred thousand dollars to his net worth and his skills are skills that anyone can use. Marco now has his own financial consulting business. Called live like others. can't marco. it is so good to have you on the show today. Welcome to we serve now. What a thanks for having me on. It's pleasure to be here to serve all the rest of the veterans. They're listening absolutely man absolutely. Been looking forward to have you on the show. So what just take a few minutes and introduce yourself. Tell us a little bit of your back story how you got here. Well you covered a lot of it which was great but like it said so. I served twelve years of military. And when i got out i had a mountain of debt. I think it was like sixty thousand dollars in debt. When i left active duty was going to school got my bachelor business management and when moved down to florida a job. They're kinda help me pay down some more of The debt that ended up having once i got back from afghanistan. 'cause so side note. I went to afghan volunteer to to afghanistan to pay off my consumer debt and paid off the debt and then had a ton of money when i got back and did some investments that were really great but the problem was is. I didn't change my spending habits and some other habits. That i had that were really ingrained so i ended up building up that data again and was down in florida before i moved back home to ohio i ended up with like it probably about another twenty grand worth of debt when i moved back home and i was like said twenty twenty sixteen. I started looking at my personal finances. I got married in two thousand fifteen and after a year of trying to manage to all that we finally got everything into really like one pot start applying the business finance principles to my own personal finances and when i first started i was negative. Twenty five thousand dollars in my net worth so because all everything and i still wanna own twenty five thousand dollars so when i started applying some of those principles and turned it around and it was like oh my gosh in eighteen months be able to get to seventy five thousand and net worth. It was not so. I started taking some of those same principles and teaching some people. I knew some friends. And it's like okay. I really got something here but was really interesting. Is that these same principles basic math principles but these are the same things that have teaching the low income. People that for the nonprofit that i was working at so is really crazy that. There's so much parallel. The only difference is that my mistakes were spectacular because there is a larger amount of income to work with so it's it's really interesting the mindset that we don't teach so i that's what it was like. Okay there's a group of people working in the nonprofit world and the rule low income side of things. There's a whole support system around that but there's very few supports for this this middle class. The wealthy know how to do it. The low income have a ton of support. And when you're trying to make that transition to from low income or even the lower middle-class into an upper middle class even making that transition if you don't have some the fundamentals You're never gonna make it or it's gonna take forever by the time you retire like oh okay now i get. It would have been great thirty years ago. Sure so that's why i got into. That's what i got into being a coach. Cool man all right. So so the first question i have for you is it. It's a simple one. But i think it's one of those things that needs to be addressed because a lot of us find ourselves in a situation where we think that our finances are kind of like a bygone conclusion. You know i grew up in poverty. You know song going to stay in poverty. And so i don't even think about i. Just go through the motions. I you know. I get the car loan. I get credit cards. I get in debt. You know i do all these sayings in. I'm not really focused on my financial health right so when it comes to finances why should i even care. How big of a deal is it. Well i would have to say just starting out. It's actually perfect timing because this last year taught all of us. I mean how many people lost their jobs or were furloughed or laid off and maybe two never even get them back. It can come at any time. And if you're not prepared for it is what a lot of people don't realize is that when they signed their name for alone they're trading future time for something right now and it takes a special type of person to be an entrepreneur to be to be able to go out and create wealth but the majority of americans work for their money as opposed to creating their money. If that makes sense and there's nothing wrong with that. There's nothing wrong going to work and and working a nine to five job you can be in everyday millionaire working a nine to five job you can. It's entirely possible but it's just. It's really crazy that when when wrenches thrown into it that we lose traction so fast if thing was like bank rate. It's on the ads that you've been running for me so it's six hundred ten. Ten people don't budget seven ten barely budget. An eight out of ten are living paycheck to paycheck. It's it's crazy as stupid number. Eighty percent of the people in the us are living paycheck to paycheck. That's nuts. That really is so eight out of ten people living paycheck to paycheck. Just you know if if you miss a paycheck or like you just mentioned you lose your job because of whatever reason pandemic or anything else. It's a huge impact. Not just. I don't know how i'm gonna pay bills for the next couple of weeks but it can like really really set you back. I think it's a perfect setup to talk about. What you just mentioned budgeting a little bit right. A lot of people don't budget so let's say for example. I know what a budget is. You know i've heard the term of. I've seen it on the news talk about but i've never tried it for me and for my family. Can you give us an insight into that. Like where do you even get started. Well sure an you can do a search on the internet for how i do a budget and almost all of them are going to give you the first piece of bad advice that you will ever hear when it comes to budgeting track your expenses for the next month. No you don't have to track your expenses for the next month. You know why because what you do. This month is the exact same thing he did last month. Just pull your bank statements. Look at your bank statements. That will is a great snapshot of your personal financial behavior and what your lifestyle choices are and when you take a look at that then you've got you've got gotta place all of those into a it or as we'll talk a little bit here a of a wall for foundation. There are four things that you have to take care of everything else is fluff and you can create whatever whatever other buckets you wine or i mean flake from an accounting. Were coming perspective. These are lineups okay. So you've got you've got your income and your expenses and then your expenses or all of your line break it down and then it breaks down even further when you file your taxes so every category that you make is a line item but there's four that are super important. Four and a lot of the times people tried to budget everything and they say okay budget down every last dollar and even the even the dollars that you're gonna put into savings if you don't have a good foundation to take care of the basic things that you need to have. It doesn't matter what you put into savings. It doesn't matter what what you spend on clothes. It doesn't excuse me it doesn't matter what what extra expenses and entertainment things that you wanna do. You've got to have these four things. Take care of i and what's interesting about them. Is it lines up. Perfectly with maslow's hierarchy and i'll leave it at that for further on all right so talk to us a little bit more about the four walls right. You mentioned the four walls and you know unite chatted about these a little bit before we go kind of hit the record button here as we were preparing for the show but that i'd never heard that term before the four walls. Can you explain like what those four walls are shirt. A quick back story on on the four walls. Is that if you do any personal financial searching on the internet. You're probably gonna come across the name. Dave ramsey dave ramsey. Oh yes some guy of phenomenal mindset really. Is there some things. Because i'm a business guy. There's some things that i can't entirely subscribe to because for me personally. There is some good debt. Because i'm a business guy. I used other people's money to make more money for my business. So that i can go ahead and potentially hire somebody in sure. Grow the economy that right right so for me. There is some good data. But from dave ramsey's perspective. There's no debt is good so the four walls are the four basic things that you need to survive. And when i say talking about maslow's hierarchy the bottom two levels of maslow's hierarchy pyramid are psychological and safety and that deals with food shelter and essentially money and i clued transportation in that because you need transportation get to and from work sir so the four walls are actually order. I it's it's your housing your food your transportation and then i. I don't like saying catch off for this last one but medical and other absolute necessities. So if you have prescriptions or you've had doctor's appointments or you absolutely have to have daycare 'cause you don't have family or friends that can watch and you have to pay for daycare. Those are absolute necessities. Everything else is extra fluff lifestyle. Spending this is still considered lifestyle spending as well but this is your baseline lifestyle. So when you're going through and figuring everything out these four things need to be taken care of and as you're going through the math and figure out okay. I'm not bringing in enough to cover the us basic four things. you're living to lavishly. You have played into the game of catching up with the joneses. You're trying to find too many influencers and live like them and showcase to the world. What all the amount of debt that you're bringing on is essentially what you're showcasing. You're not living the good life you're actually living a really crappy life. So that's kind of the premise of the four walls. And it when. I didn't really know that term when i first started doing my own budgeting but i realize kay. I've got regular monthly expenses that i always have to pay out have to pay my mortgage. I always have to pay the insurance. I always have to put gas in my car. Food on the table and a couple of medications and and some clothes. Those are the things that always spend money on every single month. What's fantastic about that is because it is you have the ability to look back over the last twelve months and really identify what your lifestyle is just by those expenses alone. Yeah that's that's interesting and it's it's definitely a a i won't say it's that different but it's definitely different than like you said what a lot of folks are gonna find when they do that. Google search for when they do that duck go search right on the internet of. Hey how do. I do a budget you know. What are the first things. I i should consider and and using hierarchy of needs and for those who are familiar with it. This basically just a pyramid that that stacks from bottom to top the needs. Every person has basic needs like markos already talked about psychological needs and then tops off. Self-fulfilment needs achieving your full potential including creative activities. And things like that. But with the four walls i know. They're all critical right but is one more important than the other. Is that the all really really for lack of a better term foundational for your financial health. They all are foundational. But dave will argue. And i kinda back this little bit. Is that if you have a choice between spending money on your electric bill and spending money on food you buy food and you can work with the company to to keep your electricity on food. Would probably the be the highest priority. Next would be your housing so everything that's involved with your housing your mortgage your mortgage. Iran's your utilities and then transportation would be third because there are things that you can do if you're spending too much on transportation. There's things that you can do to to lower those expenses but we can get into that little bit and then obviously medical. Now it's it'd be a toss up then if you've got to take medications or you need food a well. Okay then yeah but but at the same time. If the majority americans being healthy and not needing a whole lot of medications food would be the top priority so food station and then the other necessities sure sure so that so that kind of helps me prioritize as far as you know if i do find myself in a situation like I don't know what i'm going to you know. I only have so much money this month. And i can't pay whatever this one bill. Is you know kind of helps me. Prioritize food housing transportation medical. You know and then if it's more detailed it's down to the really really fine details of a few dollars here versus a few dollars here then. I think that's something you really just sit down like. If it's if it's you by yourself you just make the best decision right an absolutely. If it's you with your family you know you sit down with your spouse and or with your partner and you you talk about it like what do we want to do this month to make ends meet well and and i would say to that the amount of people who actually don't realize where their money's going is phenomenal so he say eighty percents living paycheck to paycheck. I would say one hundred percent of that. Eighty percent have no idea whether money's going and they don't realize that they probably have enough coming in to cover these four walls and then some that the problem comes is when they make all of the additional lifestyle choices and then they're like oh. I don't have enough money for food while it's because they just bought a thousand dollar iphone. So i mean like i know that's really rudimentary example. Because most people are buying their phones on the month to month plan that they put on that they tacked onto your bill which side note really crazy. I was trying to buy a new phone for my wife. No cellphone store will let me pay full price outright for the phone. They forced me to put it onto a monthly plan. Really i is crazy not i was like. I've got nine hundred dollars. That i'm gonna pay you right now and they don't want it. They want it on the monthly plan. So what's funny is so my family. We are an android family. Okay we've always been. We've never gotten into the iphones. You know my daughter. She's a teenager now. So she's kind of leading me toward the iphone but we've always been an android family and for the past few years. I have bought all of our phones directly from samsung. I don't know if you can do that with apple or not if it has to be carrier specific and you have to do over a month to month plan but if i go to samsung dot com. I can just buy that phone outright. I couldn't yeah. I basically i swipe my card more or less you know and you type in my numbers. He and then a couple of days i get new phone on my on my doorstep and so have to remember that for my wife because she's a samsung guy. I'm an iphone. Yeah for sure and so we when we started doing that. We've been with our with our carrier for. I don't know five six seven years now and so we're not really planning on leaving and going to another carrier. But i do get the unlocked phones just in case i need to right and so and so it is really nice to just be able to swipe their credit card and be like. Hey here you go. Here's all the money up front. I don't have to worry about that That money coming out every month right so off that sidetrack for second sorry about that it was just. It was really crazy when i was trying to do that. I couldn't believe that is crazy for phone. So why things that. When when i sit down with somebody and i'm going through this. Is that a lot of people. Don't realize all of the essentially the line items within each of these categories so under housing. There's a couple of lines you've got your mortgage or your rent which includes particularly if you have a mortgage. It also
How do Income-Share Agreements Work?
"So income share agreements. Let's break down. One of the first and most well known. Examples is lambeth school. Which is a programming school. I coating school. And you don't pay tuition until you're earning fifty thousand dollars a year the way it works. If you go to lambeth school dot com you can learn more you agree to pay seventeen percent of your post lamba school salary for twenty four months. But only after you're making fifty thousand dollars a year at least and they have a cap at thirty thousand dollars so basically you never pay more than thirty thousand dollars tuition and if you don't get hired and you never pay so isn't that pretty cool like they also have options to just pay tuition up front if you're able and that's what you prefer But to me the groundbreaking thing is this income share agreement because it's allowed a lot of people from poorer countries or from a disadvantaged background to really get a world class education and then a high paying job so there are a few other schools that are offering similar programs. I just did some brief research university of utah's doing it. Purdue university But in the world of entrepreneurship to focus our discussion here most iras are from startup. incubators one of the big ones that you may have heard of. It's called y combinator and their jail is first of all very selective so you can't just apply and get in like a lot of people who apply. Don't get in but if you are accepted there deal is they will invest one hundred and twenty five thousand dollars in return for seven percent of your company. Okay and that would be great if you qualify. First of all i said and also if you need more than one hundred thousand dollars in start-up capital so there is a world in which that is the case for lots of different businesses but here on site us'll school ninety nine percents of stories that feature. You don't need anywhere near that much money. Our whole point is to do this frugal to do this on a budget. To use the resources you have instead of just trying to find somebody to invest money so the reason i essays exist which as i said overall i think they're awesome but the reason they exist is because of expensive tuition or start up costs for some businesses. You were attending college. That was affordable for your budget. Then you wouldn't need the and so two. Is it for the side. Hustle model like total startup costs five hundred dollars. Let's say which we've had hundreds of stories that fit in that category then. An essay wouldn't really be worth for either party like you don't need somebody to own. X. percentage of your company in exchange for that five hundred dollars. You should just find a way to get the five hundred dollars or less on your own so that you don't have to give up any equity in your company.
In South Florida, Shootings Usher in Bloody Holiday Weekend
"Three people have died and dozens were injured in a shooting over the weekend in South Florida we must get these killers off the streets Miami Dade County mayor Daniella Levine comp on W. P. L. G. after three people got out of an S. U. V. early Sunday morning and shot into a crowd outside a banquet hall that had been rented out for a concert they used assault rifles and hand guns gun violence is an epidemic and the pandemic has intensified it we must invest in public safety and we must invest in our communities the three shooters have not yet been identified and there is a one hundred thousand dollar reward for any leads we need you to come forward if you have information to help us solve these crimes I'm Shelley Adler
Matt, Ryan Bewley First High School Juniors to Join Overtime Elite League
"The news of the day involves a pair of class of two thousand twenty three prospects who are skipping the final two years of high school and forgoing their college ability to join the overtime elite league. The players. the names are matt. Ryan bouli twins. Now i'm assuming muslims people are unfamiliar and not many keep up with high school sophomores but matt is a six nine forward ranked second the class of two thousand and twenty three according to twenty four seven sports ryan also a six nine four sixteen in the class of two thousand and twenty three. Espn's adrian woes. Hausky is reporting that each player is signing a two year deal worth seven figures which means they're gonna spend their junior and senior years of high school making a million dollars each minimum so for a while. now we've had professional leagues outside of this country places like australia. Italy china luring leap prospects away from college then last year the g. league ignite program was created in its secured commitments from projected by picks jalen green and john kameda among others. Now there's a new league overtime elite which describes itself as a transformative new league that offers the world's most talented young basketball players. What it claims is a better pathway to becoming professional athletes the league which by the way it's financially backed by among others. Jeff bezos drake kevin durant carmelo anthony. It's gonna offer year. Round development program in an academic program can be based in atlanta and it will feature up to thirty high school juniors and seniors each year. They're gonna play against each other and against external competition in each player will be guaranteed a minimum salary of one hundred thousand dollars and also be allowed to earn revenue from use of their name image and likeness. They'll get full healthcare coverage disability. Insurance everything you would expect so this is a very real thing and the first two high school players to join it. Our pair five-star twins from florida
Where's the value in NFTs
"You first saw the acronym ft show up in your tweets you got as far as not at four. And then you realize you're quickly going down the wrong path and trying to decipher it. Nfc stanford non fungible tokens now from there. If you're like me you thought it had to do with mushrooms. Maybe mario brothers. I don't know so then you read a paragraph of an article got bored or confused and moved on with the knowledge that all of your assumptions were wrong. But then you didn't actually replace it with any real knowledge okay. And so that was fine until you started seeing f. T. everywhere and you realize that maybe you should learn what it means and also you have a podcast taping coming up so here we are. And it's not that ludicrous bro. Stay with me all right. Mitchell mitchell clarke wrote a delightful article on the verge explaining t so i'm largely relying on that also wired new york times and a few other places. Let's go all right. Non fungible tokens are essentially a way that you can claim ownership of a digital thing. So think music art tweets yes. These are all reproducible. But so is a postcard of the mona lisa. So non fungible tokens exists on a blockchain at this point. Mostly a theory but others are getting on board and there are online marketplaces like open sea bull and fifty gateway where you can buy and sell the official ownership of the digital thing again. We're talking music video. Art animated gifts for artists provides a new way to sell your work and you can also set it up. So that you get a little kickback. Every time the nfc changes hands with a new owner. Lots nice so right now. You're like bro. Why would someone pay millions of dollars for an animated gif when you can just download it for free again. Why would someone bhai a monet painting for millions when you can get it on a mug from the gift shop for fifteen dollars so it all comes down to the basic tautology that some things have value just because someone decides it has value now for some people the value might be bragging rights to that end. You get to buy an nf t fred digital drawing of a cat because you are looking for a new way to show people. You are wealthy for others. Value might be about your phantom or support of an artist or musician. Kings of leon grimes dead mouse and many others have released. And fte's for music and art and for others. The value might be purely speculative. You're buying the nf t for digital drawing up a cat because you think it will rise in value as many other people agree. They want that authentic digital drawing a cat. And you're like seriously digital yes. Ten years ago. A guy named chris torres created the animated. Meam niane cat. You know it as the flying cat with a pop tart for a body and it's leaving a rainbow trail behind as soon as you google. It you're going to be like. Oh cat i totally know what you're talking about. So in february torres created an nf t version and put it up for auction and it sold for nearly six hundred thousand dollars following a last minute bidding frenzy other f- tease out there. William shatner is dental x ray digital baseball cards photos of lindsay lohan. And the first tweet. By jack dorsey just sold for two point. Nine million. don't feel too bad because the proceeds argos support a charity. So there's that and if t. Are definitely booming right now with probably more speculators than collectors and fans driving up prices but experts looking beyond the boom. See a great opportunity for a new way to guarantee authenticity. So for example nike already has a patent to create. Nfc's attached to shoes to guarantee their authenticity. Called crypto. kicks so when you consider that. A pair of air jordan twelve flu games are worth more than one hundred thousand dollars. Yeah i think. I want an fte with that purchase. Please and maybe you're still skeptical like a bunch of people in the comments of the articles. I read but seriously. How is this all that new and different. It's not like people buy sneakers art or baseball cards for the value of the materials themselves. They buy them for the aesthetics. The design the rarity as the new york times quoted. Marc andreessen. ben. Horowitz a two hundred dollar pair of sneakers is like five dollars in plastic. You're buying a feeling and right now the feeling that. Fte's is similar to one a stamp collector or baseball card collector or art collector or fashion. Or even a speculator might feel. It's that feeling that you are special because you own something someone else wants.
"one hundred thousand dollars" Discussed on WTVN
"One hundred thousand dollar recognizance bond today with house arrest forty four year old Victoria's Schaefer was killed when a seventy five pound log fell from a cliff at the park that police say did not fall due to natural causes the teens will also have a mandatory mental health evaluation as their case proceeds they were also not allowed to go back to school they're facing multiple charges and will be tried as adults you a W. workers at Ford Motor Company are expected to have a new contract to prove once the voting ends today the Kentucky truck plant votes indicate ratification but the Lima engine plant reportedly voted against the deal today if approved it would mean six billion dollars in major product investments in the U. S. as well as the creation and retention of more than eighty five hundred jobs Twitter is releasing details on their policy of banning all political ads they say any ad that mentions a specific candidates elections or legislation will be banned and it also includes campaign and government officials the company announced last month they were taking this step after continued attempts by foreign countries to use social media to influence American public opinion retail sales meanwhile are on the rise they bounced back after a decline in September which was the first decrease in the previous seven months sales at restaurants home centers and stores that sell common consumer goods all felt online retailers however said their sales were up a major traffic changes coming in our news partners at ABC six say it will likely create some headaches sore you downtown a third street ramp to I. seventy east will close permanently this is part of dots plan to improve.
"one hundred thousand dollars" Discussed on WMAL 630AM
"One hundred thousand dollars of Facebook ads one hundred thousand dollars here is the kicker half of the ads were bought after trump won the presidency and a half of the ads were aimed at trump half of the ads were pro Hillary in other words these Russian troll farm indictments were nothing but public relations indictments they were never ever intended to be charged in court they were never ever intended to be defended in court Mahler and his team knew I don't think modernos ending Weissman and his team know that Russia would never extradite these people so it was a free lunch it's no never been indicting potent not gonna show up and be deposed in and testify except one of the troll farms did one of the troll farms actually hired an American lawyer and showed up and demanded the opportunity to prove their evidence innocence M. Mahler's team was bumbling and stumbling around telling the judge normal judge we can't we can't do this yet because they're still doing it remember this Mahler's team refused to meet these people in court and ask the judge for an indefinite delay of the case on the basis that the pro farms were still pro farming no judge we can't do it don't they're still doing it with no way we can finalize our preparation this was nothing but a stunt it was nothing but a stunt and it was the only time Russian news what ever officially linked in this collusion story that the Russians tampered and metal in the election so grab the rose inside sound bite again this is at the end of the amount is about a fifteen minute press numbers Rosenstein up there at the podium with a five or six other people behind him his posse everybody getting their face time on TV now he's reading the indictment explaining the indictment took a few questions and at the end of it almost in passing on his way out of the room he added to this there's no obligation in this indictment that any American citizen committed a crime there's no allegation that the.
"one hundred thousand dollars" Discussed on KOA 850 AM
"Hey, Dale, the principal on the more kids. I figured out my interest rate that I am. Earning is not three percents. But six percent is it could that be correct? Okay. So let's let's stop for a second here Linda. This one hundred thousand dollars that you have saved. How's it invested is inside? Naira outside of an IRA to invest in. Okay, self-employed the most most of life. So it's just a stock account. So it's not inside of an IRA. No. And it's and it's in stocks. It has stocks and mutual funds in it or bonds. What's it having it individual stock about seven individuals? And how long have you own the individuals sucks? What we're trying to do you know what your cost basis is in these stocks. What you paid for them. No. Okay. So that's a driver in the decision. So I don't know where you got up with a six percent. So the, the way the mortgage, whether you're early in a mortgage or many years down the mortgage is kind of irrelevant because the interest is a simple interest, calculation and simple interest is all that means is, we take whatever they outstanding balances multiply by the interest rate that tells us how much interest we owe. So we know the cost of money on your mortgage is three point two five percent. We know that we, we in how you got to the six percent. I have no idea. But we but the answer is it's three point two five percent is the cost money. So the question is, does it make sense? To take this one hundred thousand dollars and pay down the mortgage. Well, if one hundred thousand dollars was sitting in the Bank account. A Bank CD or money market, earning less than three point two five percent. The answer is absolutely right. Problem, probably. But yours is in stock. And if we were liquidate that stock you'd have a capital gains hit on it so Ellis. Do you owe on the mortgage completely the home mortgage? How much Joe? Right now. Three hundred forty eight thousand okay. And are you employed? I'm semi retire. Okay. And do you have monthly income coming in? Yes. I have three thousand dollar pension which live off. Okay. We I do a thousand dollars a month rental Inc. Oh, okay. And then I have a little liquid a hundred thousand liquid and hundred thousand CD. One hundred thousand and stuff. Okay. Look into got it in a how old are you? Sixty five and you're receiving social security. It's, it's, it's a veteran's pension dot it. Have you thought how what's the value of the home? It's around six hundred thousand in. Are you going to move at any point in the future? At some point I am gonna move. It's big and keep skip. It's an I can do quite frankly. It's too much home for your income. That mortgage is too high for your income. So if you're planning on moving, I would encourage it sooner rather than later, Scott. Yeah, I would do this. It's, it's to look at what in Colorado home prices are up across the board, but it had been lateral move. A lateral move is swimming that you're moving within the same geography. So let's say you, you, let's say you swapped at six hundred thousand four a four hundred thousand dollar house. And now sort of a mortgage balance of three forty eight it's one forty eight and then I would take, I would say, let's take out of your three hundred thousand savings. Let's take the money out and just have the house paid for in cash. No mortgage payment. And I pay with either the CD or the liquid and probably leave the stocks. Did you have children that you're leaving your state to add like to leave? Okay. Okay. So I agree with Scott, but I wouldn't pay down. Now, I would actually if you pay down your mortgage pants price, still the same. And now. Yeah, I it, it the bigger issue is that this house is more house than you can really afford. A big mortgage to have relative to your pension, a big big mortgage, relative to your, your four thousand dollars a month. You have coming in. How old is the home urine ninety ninety years old, my there we go. Even I, I was afraid you were going to say that even more reason. Assuming that it has has gone through a complete rehab recently. I do something every year. It's in good shape. It's still ninety years old. Yes. Cache? Yeah. I that house is it's, it's too much else for you. You would enjoy a much nicer lifestyle, if you buddy newer smaller more efficient home. This. My guess is most of your of the money that's coming into the house. Yeah. Yeah. Like having a bad spouse. Oh. Linda the call. Yeah. I wish you well bad spouse. Go. Going to be part of the program one. Triple eight to Hanson is the number is can I do stuff right there? That is what, what, what the listeners just was financial planning. She called ahead of question about paying off the mortgages, but lets you pay down the mortgage one hundred thousand dollars. And we told her. So often people asked, what do you think of this investment? Well, she could've caused that I have one hundred thousand liquid. What do you think I should be invested in? We would have probably yesterday the same. When we went through this, we wanna deal where the income coming from the sources of the win know about her and her family, we wanted to know about who she owed money too. And then the big kicker was holds the house. Yeah. Right. Right. L. I had lunch with a friend. He says, I'm going to start buying real estate simple. Let's your call. Because with the first house you're looking at it goes. So it's forty eight years old. I said, well, that's not probably a great idea. Right. Forty eight year old house and a twelve year old house or fifteen year old house different. Oh, yeah. But being is good financial advisor you can ask this self self survey by saying that we've got plenty it's a good to advisable. Ask lots of questions before they answer. Hundred percent what we're getting close to the break here. So we will wait until the second half to take some more calls. But just quick reminder.
"one hundred thousand dollars" Discussed on KOMO
"Those fights begin on August twenty six that's komo's Ryan Yamamoto reporting are you looking for something to do this weekend. Combo's Brian Calvert invites you to visit one of Washington state parks, their free. The majority of funding for state parks comes from. Sales of the discover pass legislature. When they created the discover pass gave the director state parks, the option to offer up to twelve free days, every year, so they do and two of those twelve days are this Saturday and Sunday Virginia. Painter with the state parks, department invite you outside for some fun, and for your health, and there's even quite a lot of research showing that being outdoors in nature helps your health. So we have a brand new program called park Rx where we're offering. We're trying to get healthcare providers to actually prescribe a day outside no pass needed no fees required all weekend at all of Washington state parks. Brian Calvert, KOMO news. It was a good idea to read the fine print before you leap at a bargain price. The Everett herald is reporting that the port of Everett has purchased to surplus cargo cranes from the port of Los Angeles. The price only a dollar each but the price of shipping the two and a half million pound cranes is one hundred thousand dollars of course. Ever knew what it was getting into the massive cranes will help establish a lucrative deep water port in effort within a few years. We'll get to a sports updates next stand. The answer to today's. Did you hear? Komo news time seven thirty nine thirty one Strayer university presents an education in education short answer question in a system that makes it harder than ever to afford school. Is there a solution for the millions of Americans with an unfinished degree, the short answer you're looking for Strayer university with our graduation fund, you can earn up to twenty five percent off your bachelor's.
"one hundred thousand dollars" Discussed on The Bone 102.5
"Free schooling for hundreds of kids who can't afford it. And there's no money in Haiti. It's one of the rough who in the world if you can make it out of Haiti, you can make it out of anything. That's what they say. They don't say that. I just said that. So the guy who leads the Roman Catholic, boarding school and has done. So since nineteen ninety six six turned down a one hundred thousand dollar donation. From Robert Kraft, the New England Patriots owner if you're turning down, money, you don't need money. That's, that's it. It's not it's not some moral thing, if you're running an organization, or charity, and you're turning money down. You don't need it. That's correct. And no one should donate to you. If you turn down anybody's donation than I wanted, what didn't they say with some sort of prostitution wasn't that the angle, they were working the last thing I wanted. Patrick Moynihan said was that donation from Robert Kraft? I could not be silent, I had to stand up the school has a one point three six million dollar budget this year for non capital expenses and hopes to create a network of nine schools throughout the country. A donation of one hundred thousand dollars would cover a year's expenses, education, lodging and meals for an entire class of fifty students. Moynihan said one hundred thousand dollars is hugely significant to us. I represent the needs of people have a singularly terrible situation, but we cannot do good by doing bad. The ends cannot justify the means because what he made his money getting happy, endings, he made his money by owning a football team. You know and didn't have to let razors or something like that. I thought he was Kraft from Kraft cheese. He's got it all. So is there in your mind is there a crime bad enough to not accept somebody's money? I don't know. Man. I mean like if Robert Kraft, you know, fifteen years ago, had been accused of touching multiple young women, or young, girls or young boys. And he'd kinda come out of the woods on it publicly. What would it be? Okay to deny the money because then we're just talking about a moral compass, and where it stands. I think if you're in the interest of getting donations you gotta take donations. And if you refuse one donation, then you got to refuse, all the donations because you don't know where that money came there might be a chance that somebody told this guy. Hey, turned down this craft offer of one hundred thousand dollars. And I'm gonna I'm gonna make sure that you get this money back double it. Yeah. Like they maybe the.
"one hundred thousand dollars" Discussed on KOA 850 AM
"One hundred thousand dollars a year jobs are there in Denver course, one hundred thousand dollar for a job sounds pretty good. At least it's a psychological standard for making good money. Where do you find one of those capable according to the career website ladders? Denver ranks just outside the top ten when it comes to the US cities with the most six figure job openings ladders says Denver has sixty eight hundred jobs that pay at least one hundred thousand dollars at the top of the list. San Francisco with twenty seven thousand six figure salary gigs five thousand more than second-place New York, City course that salary doesn't have nearly the purchasing power in those cities. As it does in Denver. The supreme court just took a bite out of apple and its ruling that a lawsuit by app, developers can proceed could change the way we buy absent has really big implications for consumers because consumers spend millions probably billions of dollars annually on these apps. Professor Josh Davis. Now, the lawsuit moving forward claims that apple unfairly drives up the price of software sold on its apps store by charging a thirty percent commission on pretty much all of them apple is taking some other lumps with falling iphone sales and regulatory investigations in Europe. Of course, we are following the tariff spat the took socks way down yesterday. This morning, though, stock futures are up. Dow futures are up about one hundred sixty points. He loves that the position that America is in right now. But he keeps saying one thing that China is paying the US billions and tariffs. That's not actually what's happening here. It's American importers who are going to be paying more for these Chinese goods that eventually gets passed onto the consumers economists we're talking to. Say we can expect to see prices go up at big box stores like Amazon WalMart, target ABC's. Cecilia Vega analyst like JJ TD Ameritrade say that it's understandable to be nervous when the world's two biggest economies are in a trade war. But he thinks yesterday's big slide is not likely to be a long term event. It's not necessarily a panic. It's more of a reevaluation of stock in a hand says longer term investors should out a lot of what he calls. The noise coming from knee jerk. Reactions to events like yesterday's next money update coming up at six fifty five. But I if you're thinking of retiring in the next few years is a one of a kind retirement planning.
"one hundred thousand dollars" Discussed on New Jersey 101.5
"One hundred thousand dollars at the other lady was talking about or did did you did you do it on the cheap one eight hundred two eight three one zero one point five. Here's New Jersey fast traffic like restarted tiny. But if you places like route nine north in Manila pen, Ryan wrote, a crashes gone. Another other one cleared in Breckenridge. Seventies to chambers bridge road. There are still working on a crash has let thirty south and Miller avenue involving down traffic light. And a new problem comes in on one hundred five on the eastbound side right by the exit for five thirty seven so heads up for some delays getting past that fabric is bunching up a bit on the Parkway south coming into one twenty seven, but a crash has been cleared. Timite seven south slow at aged eight dental three north antiquity seven heading up towards eighty it. Still very slow. A crash has been cleared in trouble on twenty two now Comey western hillside beyond boy street, that's a crash one lane currently closed off if you're going up the western spur of the turbine expect delays of bad right now at a sixteen w with ongoing long term construction and leaving New Jersey. The worst of it the Lincoln tunnel to attend a fifteen minute. Wait. Tom rivers, New Jersey traffic north Christina south, oh, New Jersey traffic south. So we're looking at delays on seventy. It's the eastbound side out of the area of king's highway ninety five with a crash on the shoulder, it jams that through Cooper landing road. At least everybody's rubbernecking here. The westbound side leading into the areas. Also, very slow moving. So definitely something to keep in mind to ninety five southbound from route seventy three to the area of route forty two in pockets. You're also gonna see a lot of traffic, and we're also seeing a lot of traffic on seventy three in both directions around green tree road. No incident there just a lot of congestion at this time one thirty south into forty two very slow. So a six seventy six southbound leading into forty to fifty five northbound leading into forty two right now is bumper to bumper traffic every fifteen minutes next report at four forty eight from the all American autograph traffic desk.
"one hundred thousand dollars" Discussed on KTRH
"You put one hundred thousand dollars in there. Okay. It's liquid. If you want to get your money out. You can get your money out. No cost no fee. It's going to grow over time. It should average about four to six percent. That's peace of mind pillars designed to do. So it's liquid. It's going to grow about four to six percent. But if you put let's say one hundred thousand dollars in immediately day one depending on your age and gender you're going to get somewhere between two two hundred and fifty thousand of long term care benefits. So over time as your money grows. So do your long term care benefits. So fifteen twenty years from now your principle may be worth two hundred and fifty thousand. And your long term care benefit base might be worth four hundred fifty thousand. Now, if you need long term care, you got four hundred and fifty grand there, if you just want your money back, you take it if you want to supplement income you do that. If you never need long term care that four hundred fifty goes to your family. Tax free. So this is just one example of some of the tools that are available, and what we call the peace of mind pillar of pillar one of the core four, and this is about getting to know you and your situation. So when you allocate money to something like that. Now you've reduced risk. You've helped to reduce not only current financial risk the future medical long term care risk. Now, we can build the portfolio around the rest of the core for okay public real estate dividend stocks and mutual funds in have entire guit a certain growth percentage that you need to have the retirement, whether it's income medical expenses, whatever it might be for you build the rest of the portfolio out in a way that is more likely to bring that that vision forth. So get on my soapbox a little bit there. It's just because I get really really upset when I see what some people are the type of financial advice that people are receiving retirement. So if you know who I was talking about maybe you're Kline. There's. I it's it's approach. It's an approach that we fundamentally disagree with. I encourage you to rethink how that's working out for you. And there's a better way to do it. We believe in absolutely a better.
"one hundred thousand dollars" Discussed on WMAL 630AM
"The message is still going to be the same. Right. Life is a do it yourself project and all the things you're proud of in life. You know, your education your career, your family, even project around the house, all the things that you're proud of all the things that make you feel warm inside all the things that make you smile when you think of them are things that you've done yourself and to be able to benefit from that. Do it yourself project is for you to kind of recognize that, you know, you're the one that takes the actions that the terminals where you are. And the choices that you've made have put you where you are. And for some of you, if you're not happy with your future. If you're not happy with where you're at right now part of it is is that you've got to admit that you've been part of the problem, and your perspective, and the strategies you're using has not put you in a position to really benefit and take advantage of the power of your assets. And take advantage of the power of the opportunities around you, and you know, part of being do yourself investors, recognizing if it was easy. Everybody would do it. You you can have to put in some time. And you're gonna have to learn your approach to become a do it yourself investor. But what I can tell you is it won't be easy. But it will absolutely be worth it. And this is for you. He needs some fire in the belly in need to decide that you're going to make a change. And but trust in yourself that you can always figure it out. And you have the opportunity to live a life of greatness when it comes to your income. You have the opportunity to live a life of greatness when it comes to your assets and to your wealth as do yourself investor. And, but I know this plenty of people out there that are wealthy, and they don't feel wealthy because your expectations have been beaten down that you being told that what you have is in good enough. But part of it is just the perspective on your assets. And if you're listening to this show, you probably have one hundred thousand dollars and assets out there, and if you have one hundred thousand dollars and assets your mum the wealthiest people in the world. The top ten percent of wealthy people in the world with one hundred thousand dollars. The problem is you don't feel wealthy. Because you're not using those assets. Effectively you're not taking the perspective of do yourself investor and saying how do I get the most out of these opportunities and a lot of it is just mindset, and I know there's a lot of people that, you know, blame their upbringing blame where they come from. And this is the reality. Everybody came from some level of problem, right everyone. No, one came from an ideal circumstance, and those who are successful or those who haven't bought into this idea that you're start determines your finish where they've decided that they're going to determine their finish. And they're going to own that life is what they make of it. And this is for you..
"one hundred thousand dollars" Discussed on Xtra Sports Radio 1300 AM
"All right. So the alliance of American football hicfa, boy, it's gone, but it's not going to be forgotten. And it's not going to be forgotten anytime soon because there will be plenty of items of litigation that unfold beyond the bankruptcy case in at some point. There's going to be a bankruptcy filing. If there hasn't been already of the af that's. How we take whatever property that the af still has and turn it into cash that goes to anyone to whom the af owes money in a story that I saw yesterday from the Orlando Sentinel UCF stiffed out of three hundred twenty five grand by the af they had a lease to play at spectrum stadium. On the campus of UCF, the Orlando Apollo's played three games. They're seventy five grand per game was the rent and not a penny was paid on top of that UCF paid out over one hundred thousand dollars to police officers and other vendors to stage the games and they haven't been reimbursed. Appending haven't gotten a penny from the af now the full lease agreement. One point one two five million, obviously, not going to see that. And I'd like to think that the leases were written up in a way that if the league goes away there's a clause in there that we're not going to have to pay to use a stadium on a night when there isn't a football game. But even if that was taken care of there were three games played two hundred twenty five thousand rent, and there were one hundred thousand dollars in other expenses out of pocket paid by the af. And there hasn't even been a lawsuit filed yet, but there will be. That's that was the first thing that got me thinking, oh crap. This is going to be a mess. This is going to be a huge mess. How many other stories are like this.
"one hundred thousand dollars" Discussed on KDWN 720AM
"That helps you make better money moves special. Thank you to gene pastula, eight hundred two three eight eight one four four, Johnny. He actually invented. I of course, I've known gene for thirty years. And he also wrote helped me write a chapter in my very first book on the didn't call it linked benefits back. Then I forget what they called it. But he was the pioneer behind that particular product is now sold in virtually every Bank in America. And of course, he has access to all of the products through his his company's a really really good guy. And really smart. Well, the funny thing is, you know, it's been around for twenty five thirty whatever years, probably twenty-five. But you only started re really hearing about it. I think at least I did over the last three or four years. Well, it's been around the the banks have been using that product because people come in. They've got one hundred thousand dollars sitting in a certificate of deposit or a money market fund. That's paying almost nothing and you just simply transfer. For the asset. And you still have liquidity is still have access to the money if not one hundred percent of it, but most of it, and you get put one hundred thousand dollars, and you get four hundred thousand dollars or five hundred thousand worth of worth of care. And if you don't need it. It's a couple of hundred thousand dollars to your heirs when you get hit by Trump. This is another one of those things where I would say why not just like with the qualified charitable distributions. I if you're if you're going to sell fund, your your your long term care. Why would you not do this? I mean, I can't think of a reason..
"one hundred thousand dollars" Discussed on KLBJ 590AM
"We always it. Great questions from our listeners today. Our first question is from win in round rock hope. Today's a good day in round rock. She says my house has already paid off. But I'm about to sell it and downsized condo. That's about. One hundred thousand dollars cheaper. Should I just put the money? I make during this transition in the market. What should I do? Well, go ahead. And that's a great question. Every time I think about downsizing, I think about the house where now 'cause we we've got a lot of kids we've got five kids and number of bedrooms. But gosh, Becky pretty soon. Like next year. We're down to like one kid in the house. Right. Well, mine can't. And then probably my dad. Oh, yeah. But still we got like all these veterans. Should we maybe sell and downsize, what do you think we probably should not probably not yet? But when all the kids are gone, what are we gonna do gonna buy RV and travel ban RV? Vajna ranch. I always had a dream of living on ranch Becky thinks that if we have lots of cows and chickens and other things around that eventually when we have grandchildren. They'll actually wanna come see us. So that's our that's our evil plan. Beca farm too, right? Trying to work on the I'm going hire people do that. We have Gwen poor Glenn. She's putting up with us here. She said her house has already paid off. And and as I heard you say, it ran she s she downsides is gonna walk away about one hundred thousand leftover after paying off the condo. Did. I hear that correctly. Exactly. Yeah. All right. So Gwen if you're asking should I put that in the market? That's a really tough question answer, you know, we're fiduciaries and as a result. What that means is I cannot give you any advice without sitting down with you. And and really understanding all the inside and outside of of what you're trying to accomplish. So that's that's kind of a tough question to answer. You know, how do you need income? Do you need additional income is this money going to be for children or grandchildren isn't going to be furlong potentially long-term care health insurance for you? You know, what is the purpose of the money? That's really the key question here and say it again, what is the purpose of the money. If you can tell me that and you can give me your, you know, your circumstances. Then I can give you a better answer here. So I can't say, yes. In the market or known, the market what I can do is tell you. This is an outstanding opportunity free to pick up the phone and talk to us. So we can help you. Make those choices. Okay. Gwen. Thank you very much for the question. And certainly come on the in for that conversation next question out of the mailbag is from David in cedar park and David says, and I quote here is there a better solution for saving for college other than just piling money into a five twenty nine plan. Well, Becky, what do we do don't? We just tired of the kids and put them on payroll. But we still have that five twenty nine plan first of all five twenty nine plants for those of you who are not familiar with them, essentially, they are tax free investment plans provided that the money's used for specific education expenditures, so you can put the money in gross tax free. And it comes out tax free provided. It's used for college or other, you know, other other education expenses that are approved. So they.
"one hundred thousand dollars" Discussed on WSB-AM
"Of a boat. That's how the saying goes. Thank you for Harry. Great. Thank you, Robert tell me what kind of boat. Are you gonna get? Well, I'm looking for a family. Bo we've been looking for a little while now and saving up. It's about the center council on her just price. It'd be about one hundred thousand dollars. Oh. I gotta breathe again a hundred thousand dollars, correct. Oh my goodness. My question is buying toilet. This is it best to. The cash and just purchased a depreciating asset outright or perhaps by an investment property and balance out the depreciation with income from the investment. No. I mean, those are such apples and oranges. And they're not even apples and oranges. They're like apples and lettuce. I mean, they're not even same section of produce. So if you if you like being a landlord, you wanna have a rental property that's its own thing. But if you have the cash to which is a phenomenal thing, you just write a check for one hundred thousand dollars boat. Write a check for it. Okay. Now on the issue you brought up rapidly depreciating. So remember what I said happiest day by boat, happy stay sell about boats, do drop in value like Iraq. When when I bought a boat. I bought a used one with very little hours on the motor. I bought it for about thirty five cents on the dollar versus new. And so I would encourage you to look to see if you can find a used boat.
"one hundred thousand dollars" Discussed on 77WABC Radio
"On one hundred thousand dollars bond Thursday text messages between the empire, actor and the two men. He allegedly hired for the heat crime hoax were read during the short bond hearing Jim Roope reports some of the text messages between smolder at the two brothers included January twenty fifth meeting to talk about the so-called attack. You may remember the alleged occurred on January twenty ninth. There's also information that smollet provided the brothers with one hundred dollars to purchase the items used in the conversation about the threatening letter small that is accused of sending himself at FOX television and direction to the to about how to carry out the attack, including using the mega country phrase small claims was shouted by his attackers. I'm Jim re US and China have resumed high level talks aimed at easing a trade standoff. That's a nerve global investors and clouded the outlook for the world economy both sides hoped. Reach a deal before March. I well federal judge has leveled a gag order on Roger stone. This after the Trump confidante posted a photo of judge Amy Jackson next to the cross of a gun of Costantini reports. Only say I'm sorry. Forgive the trespass Roger stone invoking the Lord's prayer in court facing the judge whose image he sent out on Instagram part of a graphic illustration people work in the background of the duration behind. Judge. Amy Berman Jackson shows a symbol like a rifle scope cross hair. The judge ordered him to court to explain and maybe revoked his bail stone told a quarter voluntary staffer working on his defense sent the image to Instagram it came from a conservative organization that claims Jackson is part of the deep state and that the purported crosshairs Celtic cross Bob Costantini. The white has already said to close a main route between Las Vegas and Phoenix due to heavy snow that resulted in a twenty two mile line of cars and trucks. Motorists are bring warned about the possibility of icy roads into Friday. I'm Elliot Francis. This sports.
"one hundred thousand dollars" Discussed on 760 KFMB Radio
"Welcome back to the lawyer show. This is. We're talking about engagement rings. Yes. Golddigger that's very appropriate song for this topic. So we're talking about engagement rings. Are they a gift does the guy have the right to ask for them back? Does the girl have the right to keep them? So let's go to the phones. Mike carlsbad? How're you doing Mike? Michael, Mark, Mark. I'm sorry. Oh, yes, Mark. Yeah. No problem. Hey, I'm in a similar situation. And I've been doing a little research in it. It seems like you're right. It depends. You know, it it it depends on whether you know, whether the woman bailed out or whether the guy bailed out, so I, you know, I think it's the woman bails out in the man should have a right to to get it back. Yeah. I'm inclined to agree. You know, it's a it's a gift from the heart and a commitment to life. And if they don't uphold that that early in the relationship, and they don't deserve to keep the ring. Yeah. And I think that like you said, I think it does. Depend tune it's pretty situational. But there are some people who take a hard line on this. And I remember talking about this in class where people thought no there's there's no instance, where the guy has the right to get it back. And I said, well, that's very fair. Because what if she was just using him? And then and then cheats on multiple times that that doesn't seem right to me. It's not. That's my case. Exactly. Yeah. So, you know, this isn't a personal situation that you had right? I mean, this is just your opinion about this is a personal. I'm actually in the process of serving papers. I gotcha. I gotcha. Okay. Well, we don't want to get too far into that. But yeah, it's it's it's an interesting. You can I could definitely argue it for you know, until I'm blue in the face, of course. But that's kind of what we do as attorneys, we we take both sides and. And see where we land on it. But you know on this legal illegal take on it is. Because I did a little research. It seems like I have a case. I mean, it seems like I have a chance. So that was what you learned also. Yeah. I mean, it's it seems to be a conditional gift is were a lot of the courts come down. And they say that if you're giving the engagement ring on the condition that you marry then yes, you have the right to get it back. But if you if you don't necessarily if you're giving it as just a regular gift you intended to give a gift they accepted it as a gift, then that would be a different story. They might have the right to try and keep it, but. And that is a whole completely different animal. You're right. Yeah. Well, thank you, Mark. Thank you very much for calling in. We appreciate it and have a good weekend. Thanks loving the show, man. Thank you. Appreciate it. So that's yeah. Obviously, I didn't we didn't want to get too far into it with Mark. Thereby I'm glad you called in to. It's there's a lot of the lot of times that this has happened in the seems like it happens a lot to lawyers and you make your own judgment about this. I guess but. It's interesting because I personally, I would I wouldn't necessarily expect the ring back, and I was talking to my fiance about this this morning, and she said that she would wanna keep it not whether you know, she broke it up or broke it off or someone else broke it off necessarily. But she just wouldn't why would she want to keep it, you know? And and I think that there's. There's a lot more to it. Well, let's talk about some of these people who have who have sued. So an attorney subjects to get back his hundred thousand dollar engagement ring. Now that is a big number. I would probably want that back because you know, what that is. That's a condo and many other states except for California. Of course. So Ryan Strasser wasn't associated Turney at Troutman Sanders. Law firm in DC September of two thousand eighteen he filed a suit with the district court DC against his former fiancee for the return of a four point zero six carat hundred thousand dollars engagement ring. He called the the ring a conditional gift. So I guess they met back in Duke in two thousand four began dating and then moved in together in two thousand fifteen got engaged, and then broke up eleven months into the engagement in two thousand eighteen now, I remember hearing about this in the news because this is a very recent thing. And I think it's still ongoing, but there's a lot of exhibits that were used during the case. You know about their wedding registry being very expensive sofa and some other stuff like that too. But there's a lot of personal details about the relationship, which is why I think like why would you want to litigate this? Your personal stuff your personal business your relationship? Why would you want people knowing what happened that's pretty embarrassing? But I guess, you know, in this situation since one hundred thousand dollars, it's a little bit different. I get that. So moving on the lawsuit included a lot of details about the relationship, but Strasser claimed that his fiancee insisted that she deserved a large engagement ring because she did not believe in wasting money on a big wedding. So maybe the engagement ring was the tradeoff for big money on a on a big wedding. So the original budget for Strasser was forty thousand dollars. But according to the court filing, he claimed the defendant claim shoot eventually want something that will likely cost more than that. So she told Strasser she wanted to a three to three point five to five caring with no inclusion worse than VS to in coloration. No worse than okay. I don't know. Exactly what that means. But I think it's good. And I'm sure it's worth one hundred thousand dollars, but I need to consult my ring experts, of course, in order to know that for sure, but she wanted to know fluorescence in old European diamond cut and some other stuff some other specifications. So she knew exactly what she wanted. She. She was definitely knowledgeable about these rings. And so she knew exactly what she was asking for Strasser said it stretches budget, eventually agreed on a ninety nine thousand eight hundred dollar ring. He bought from jewelry store in Connecticut. He also took a thirty thousand dollar personal loan out at an interest rate of six percent just to help pay for the ring. Okay. So what if you if you can't pay for you probably shouldn't be buying this? I hate to say it, but thirty grand extra two hundred thousand dollar ring. That's just too much you'd probably live in a little bit beyond your means. But anyways, not at not a time for a lecture for him. Stressor was so was the sole breadwinner and his fiance didn't even have a full or part time job while they were living together. So it's pretty sad situation. Sounds like he's kind of being taken advantage of here and the family law varies from state to state, but in New York City and DC the gift of engagement ring only becomes complete at the wedding ceremony. So a conditional gift. So basically what they're saying is that if you don't if you don't finish the the job the promise, I'm giving you this ring with a promise that you will marry me, and they didn't go through it. So you can't really complete the contract, and we learned that in contract law first or second week contracts. But this is just. Incomplete. So the case isn't been settled. But like I said, it's probably something that will settle. There was another case back in the day to remember who Laverne is Kohl's was he was a jets wide receiver and he also the Redskins too. But he filed a suit for his two hundred forty thousand dollar five point six carat diamond engagement ring. He got I say who left him for another man who. Two hundred forty thousand dollars, and you know, he's out of the NFL now. So I'm sure he he can use that money. But it's it's crazy. I I personally don't see the appeal of a ring that big or that expensive. That's again, a condo. That's residing on your hand. And I would always be nervous. If it were me having a wedding ring or some piece of jewelry that's expensive. I barely have anything worth anything of any value in my life? Let alone a two hundred and forty thousand dollar ring. But what it comes down to though, in my opinion is yeah. Did the guy the guy do something wrong? Then. Yeah. Maybe you shouldn't get back because you didn't really hold up your end of the bargain too. But if the girl was the one who just leaves them goes and find another man, well, why should she be unjustly enriched by her decisions by or by taking advantage of the people that she was with before which would be whoever gave him the ring. So unjust enrichment is another part of law that you can't you can't rightfully keep someone else's property. If you didn't do anything to deserve it, really. Or in this case if she is going and cheating, find someone else. Why should she be able to keep the ring that doesn't make too much sense to me? And look, I know that there's certain considerations. In chivalry. And things like that. I think that when we're talking about practicality, and we're talking about one hundred thousand dollars plus ring things change a little bit. Sorry. It's it's just that's just me. I don't know. The other one was compensation. There was a case that I saw where someone had given their their spouse money for business and loan the money in general, and then the, and then they broke up, but the court found that as an also so then he offered many gauge ring and basically to be wed with this person. And so the core actually found this was compensation. So the ring was compensation for her actions. And they said, no the guy you can't get it back. She gets to keep it. So ultimately, what it sounds like what I've seen is when it comes to an engagement ring. If it's a gift were you intended to give a gift to them and have no strings attached to it, or if it's compensation the woman can keep it. But if it's a conditional gift upon the condition of ultimately getting married, then the guy has a right to take back or get it back. So I don't know. It's it's an interesting. It's a very interesting topic. And of course, it's highly situational could go both ways. But I'm sure a lot of people have some mixed feelings about it. And some people probably have some strong feelings about it too. So anyways, okay, we're off to our second break. So this is the the lawyer in bluejeans show were here on this soon to be Valentine's Day a weekend. I guess you could say.
"one hundred thousand dollars" Discussed on KLIF 570 AM
"One hundred thousand dollars on it. And my property when I bought it was one hundred and fifty thousand four years ago. Okay. And we have ten percent appreciation over four year period, which is pretty close to two hundred grand at two hundred grand. I'm able to do one hundred sixty thousand dollar loan. I only oh one hundred thousand so in theory with that those numbers I would be able to pull out sixty thousand dollars cash credit and amateur is it over fifteen twenty twenty-five thirty year period, we can even do odd number. So for example, Willi here's something to lucky without no, let's say you've been in your current mortgage seven years just to throw that out. We can actually put you on a twenty three year mortgage. So they don't lose any time. Or in some cases, if you were on a thirty originally and by paying down credit card debt with that sixty thousand dollars. You probably would be able to converted into a fifteen year mortgage and not losing ground get the mortgage interest and rid the credit cards. It's possible. So number one, you can actually amortize it over a shorter period of time. If it works with your income because we all know, we get a thirty year mortgage. And then maybe five ten years later, we're making more money, or at least, I hope you are if you're not you might wanna think about changing jobs. So maybe now you take the balance, even if you roll in the credit card debt or the car payment, or whatever it might be or just pull money out to fix up the house. Maybe you need to remodel the kitchen or the bathroom, but now's the time to do it because we can get you lower interest rates more than likely, and what you're already on and you now get tax advantage. Now, I tell people all time, I am not an accountant CPA. So please consult your CPA your tax advisor. But there's a certain amount of the federal government afford you to pull out of your home equity that you can ride. It off as a as a tax expense. Sure. Sure. I love.
"one hundred thousand dollars" Discussed on KTAR 92.3FM
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