40 Burst results for "One Hundred Thousand Dollars"
Feds charge 6 people with bribing Amazon employees to gain edge on marketplace
"Federal grand jury in Washington State has indicted six people on charges of bribing Amazon employees according to the charges. The defendants acted as consultants vendors on Amazon's marketplace, and since at least twenty seventeen, they allegedly paid Amazon employees more than one hundred thousand dollars to give some third party sellers a leg up over their competition. The defendants are also charged with bribing Amazon employees to reinstate sales of products that were deemed dangerous like flammable household electronics. Amazon said statement that it supported the investigation and that it has been working with the federal agencies involved in the criminal probe. This part of a broader problem for Amazon we reported last year that the company has struggled to contain the sale of faulty products on its marketplace including listings for thousands of products that federal agencies have deemed unsafe.
Fresh update on "one hundred thousand dollars" discussed on NPR News Now
"Live from NPR news in Washington I'm Dave Mattingly. President trump says, he will announce his latest nominee to the US Supreme Court at a White House event on Saturday afternoon. This follows the death of Justice Ruth Bader GINSBURG. Her body will lie in repose at the High Court beginning this morning through tomorrow Ginsburg will be buried at Arlington National Cemetery next week President, trump says he's pleased with how his administration has handled the corona virus pandemic despite criticism from Democrats in Congress and the. Party's presidential nominee Joe Biden we have done an incredible job and doing an incredible job and we will be We're by opinion we're rounding the turn the president was speaking to a TV station in Detroit on the day the number of covid nineteen deaths in the US top two, hundred, thousand more than any other country. Biden has accused trump of failing to do his job after the president acknowledged downplaying the potential threat posed by the virus in the early days of the pandemic. A Canadian woman accused of mailing an envelope to president trump containing the poison rice in made her first court appearance yesterday in New York state NPR's quil Lawrence says, the letter was discovered at a White House mail sorting facility last week a criminal complaint charges Pascal fairy with threatening the president of the United States she was previously deported from the US and twenty nineteen after an arrest in Texas for an unlicensed firearm prosecutors say ferry mailed letters containing highly toxic rice powder to president trump and also to Texas prison officials in the letter she called the president an ugly tyrant clown and suggested that if the poison didn't work, she would try another method white as mail is screened at an offsite facility. When officials stopped ferry at the border in Buffalo on Sunday, she had a loaded gun and a knife according to the complaint and told customs she was wanted by the FBI for the rice in letters quil lawrence NPR News New York the Senate is expected to pass a short term spending bill to keep the federal government operating through early December funding is due to run out at the end of this month. NPR's Susan Davis says, the House approved the bill yesterday the legislation will keep the government funded through. December, eleventh it passed with overwhelming bipartisan support but only. After a partisan dustup over farm and nutrition eight, the initial bill lacked more than twenty billion requested by the trump administration for the Commodity Credit Corporation, which provides aid to American Farmers House Speaker Nancy Pelosi accused the president of using it as a political slush fund, but there was pushback from house. Democrats in farm states who advocated for including the funds that position ultimately prevailed. The bill also expands nutrition assistance for school children to continue to receive meals while learning remotely, Susan, Davis NPR, News Washington Dow futures are up two hundred, thirteen points this morning this is NPR news. In Hawaii, the mayor of Honolulu says, he's easing some of the city's corona virus restrictions mayor Kirk Caldwell says social gatherings of up to five people are now being permitted beaches and hiking trails are included in that directive. Can have up to five people at a table, but not without diners providing their names and contact information to allow contact tracing the NFL. is imposing fines on teams and coaches violating the League's corona virus restrictions NPR's Tom Goldman says, fines of one hundred thousand dollars were given to the head coaches of the New Orleans, Saints, and the Las Vegas Raiders Monday night football viewers were able to see John Gruden's trademarks near because for most of the game, his mask was under his Chin Nor Orleans Sean. Payton kept his around his neck along with their hundred thousand dollar fines, their teams, each refined two, hundred, fifty, thousand, the NFL announced. Last week, it would crack down on those who violate the new rule that everyone in teams bench area on the field except players has to wear a mask Monday, the NFL find three other head coaches and their teams the same amounts so far the league is having success commanding the virus in the most recent testing more than twenty four, hundred players were tested with zero positive results Tom Goldman NPR news Russian opposition leader Reluctant Volley has been released from a hospital in Germany little more than a month after he was poised in with a nerve agent doctors say they believe he'll make a full recovery Moscow denies it was involved. I'm dave mattingly NPR news in Washington..
Remote Workers are Building Tiny, Gorgeous Backyard Offices
"Now, here's a pandemic inspired trend and a business opportunity very few saw coming the backyard office. With the kids and the spouse at home for months, remote workers are struggling with all that new found and occasionally unwanted intimacy so more and more of us are building tiny offices in our yards. are yards that's right and while the smallest of them may be no more than one hundred square feet or so they can be pretty plush while some handy. Do It yourself or designing and building these standalone getaways themselves others are purchasing stylish prefabricated tiny buildings and that's boosting growth for some existing shed companies and sparking some entrepreneurs to start new companies to fill the sudden demand among them modern shed studio shed, and the one with our favorite name. Some elbow. Room I mean for crying out loud elbowroom room right first. Let's get one thing out of the way. The opportunity to build a separate fully electrified heated and air conditioned office in your yard is a privilege that many just don't have for one building an extra room in the yard requires you to have a yard begin with still it's typically far cheaper than adding a room to your house. Those costs can run more than one hundred, thousand dollars at kangaroo. Systems Kangaroo get a prefab builder out of Waco Texas. The cost of their smallest unit called Quick Room starts at five thousand dollars. Modern sheds prices started about ten thousand for a one hundred square foot shed not surprisingly prices begin climbing as customers expand the size and especially the charm of the buildings at a bathroom in your budget expands further that said privacy is obviously valuable these days which accounts for the sales growth prefab shed companies have been experiencing since. The pandemic emerged Mike Caning CEO of Colorado based Studio Shit Tolsey NBC that by May, the company sales had quadrupled over last year. All signs pointed toward that growth accelerating at modern shed sales were up twenty five percent. June as the summer wore on modern shed general manager Tim vaccine interest gauged by download. The company's catalog was up four hundred percent in typical summers. Interest rises about fifty percent. He told USA Today as homeowners consider buying playhouses and garden sheds. This year, you're more likely to put a desk and a couch in your new tiny building than a shovel and a rake unlike sheds of old. These tiny buildings can look like decorators dreams. They arrive prebuilt with fully insulated walls covered with wall, wood, paneling, picture windows, Cedar Shingles and other decorator touches make these miniature houses well worthy of Pinterest and instagram. And while they can be expensive there also a good investment for people considering Resale CNBC says, a Home Office has shot to the top of the must-have list for new home buyers. It's also a lot easier to build separate tiny offices in your yard than it is to add onto your home because of the prefab nature of these products, Mike Caney, the studio shed. CEO told the new. York Times. They've had a building helicopter to a remote in Alaska and even brought up freight elevators in New York. Providing you don't need a helicopter to take delivery of your new office. It can take only weeks to have your new refuge built once delivered, you'll need a crew to install it and hookup electricity and so forth or you'll need to put in some muscle of your own and keep in mind you might need a city permit or at least approval from an Hoa one other piece of advice for entrepreneurs listening this could be a trend worth. Jumping on if you have construction background and access to supplies, designers and labor. That's what Aaron Callaghan. Co Founder, and CEO of some elbow room did with her husband. Patrick. Callahan, she recently started some elbow room in San Antonio there blanketing the area with marketing and expect to make three quarters of a million dollars. This year like modern hsieh studio shed prices started about ten dollars per square foot but back to buying one of these cute little refuges. Whatever you choose get in line, this is a trend that's just starting and it's likely to get bigger fast as we all continue to shed. The High Rise Office for our own twenty foot commute from the kitchen.
Fresh update on "one hundred thousand dollars" discussed on Optimal Finance Daily
"Appear in your statement and are instead embedded inside your mutual fund and taken silently out of the Fund's performance. Why would they do this simple? If you saw a line item that said minus five hundred dollar fee, you'd call someone up and scream at them. But if you're a mutual fund just goes up slower than it should you don't notice it's brilliant and lucky you. We here in Canada have among the highest investment fees in the world oh mutual funds and ETF's have an embedded fee. Called and management expense ratio or Mer. This pays for the cost of running the fund paying all those analysts and sales people as well as the cost of marketing and advertising and is usually given as a percentage of the funds total value finding a funds Moore may be as straightforward as just looking at the funds webpage but if it's not there, it's required to be shown in the fund's Prospectus. As an example, I went to a certain banks site and picked it's Canadian fund at the bottom. There was a tiny link named fund financial reports and prospectuses, and that led me to the fund's Prospectus. When I click on that link. I. Saw a description of what the fund invests in their top ten holdings and the Mur, which is a whopping two point three, nine percent, and don't think I'm picking on that Particular Bank for sucking here all the banks to this in fact, the average Moore Equity Funds in Canada is two point four, two percent. So technically, this fund is slightly better I. Guess Sorry it's just so hard to contain my excitement. Meanwhile an ETF. Tracking the TES X. which by the way, hold many of the same companies that Canadian equity, Fund over there is holding Hammer of point zero, six percent. That's right. Point Zero six, almost forty times lower than a bank run mutual fund. Why is this important? Because any ongoing percentage fee eats into your funds performance and just like gains can compound over time fees compound also. Over sufficiently large periods of time, a couple of percentage points paid to your fun can result in massive differences. Let's pretend, for example, sake that we went back twenty five years and wanted to invest one hundred, thousand dollars in the X.. So January first nineteen, ninety, we buy one hundred, thousand dollars worth of either that mutual fund with a two point four, two, percent Mer or the ETF with a point zero, six percent Moore on January. First two, thousand sixteen. What does our investment look like in a graph on this post comparing the low-cost ETF and higher cost mutual? Fund you'll notice that well, the lines start off at the same point the difference between them grows and grows as the fees eat into our funds compounded growth, and at the end we're left with a huge gaping chasm. That gap is worth a hundred thousand dollars just in fees and here's the wild part for most things paying more money equals better quality. Right. An expensive car is better than a cheap car and expensive laptop is better than a cheap laptop, etc.. Well this is not one of those times paying does not mean a better product in fact, when it comes to investing the opposite is true the more you pay the worst the performance because that fee just eats into your returns. So, what would you do? First of all if you're looking at a fund and you can't figure out, it's more do not by it. Secondly, if a fun discloses its mirror and it's above one percent do not buy that one either no mutual fund or ETF has a chance of giving you the performance you need with a handicap that big. Mutual funds.
Should I ask my dad to invest in my business?
"Survey S Should I get my dad to invest in my business or should I ask him to invest my business? I say, I like to point out that it's good that you actually say invest. An investment means he's going to get a percentage of the company in return for the twenty thousand dollars you're looking for. And this is not a loan. This is not like loan me twenty grand and I'll pay you back. Your father will be a part of the company, Meaning Hill own part of it. It may not be a controlling stake, but he will own a good portion of it. especially the fact that you haven't started your company really doesn't have much value because. You don't have anything to show yet because you haven't sold the APP, you have made money from customers been made. Any revenue has showed any kind of traction to say, Hey, this company is worth X. amount of dollars right now is just the hopes that the just purely on the concept and the idea that you actually give him a return on investment. So the first thing I want to say that if you're going to approach her dad for investment, you have to seem as an investor and not your dad, which means you getting to present him the business just like you see presenting on shark tank right and what does the first thing they ask on shark tank all The sharks to ask the same question. Every time somebody does a presentation to go through the whole presentation things like that. The first question they ask is how many units have you sold? How many sales have you made a money Jimmy revenue they want to know do people actually want while you're selling the market value this product because the investor that's all they really care about this. This thing have legs have the potential to grow. Their opinion really doesn't matter. It's the market's opinion that matters. So you're not in that position right now where you can actually give numbers and proved that people want what you have, and that means you need to give up more equity to get the money. So think about the value of your company right now it doesn't really have much value because you're not selling anything you know have nothing in your hands it you don't have anything created, but what will it be in the future If it somewhat successful, it's really hard for you to tell because you don't have any data. But even if you say in two years, the company is going to be worth one, hundred, thousand dollars. In order for an investor to want to make money, they're to want to at least double their money. Okay. That means they won't forty thousand dollars in return for their investment of twenty thousand dollars. That means they're going to at least forty percent of the company. If you're uncomfortable with all of this, then my advice us a try to bootstrap your business much as possible you some of your savings grow as you can think of the minimal viable version of your APPs. You can get idea validation for a skin product market fit get some customers. Make some revenue see this has legs first before you actually try to raise capital because it's a lot easier to raise the money. When you have a working product when you have sales when you have customers, we can say, hey, people like this you know and it's making money and here my projections. But right now you don't have any of that data. So. If you're willing to part with, you know a big percentage of your company. Then go ahead and get an investment from your father and doesn't matter if your father anybody else that is an option if you're willing to part ways with that large chunk of percentage whatever that is if you still feel like you, WanNa bootstrap you WANNA raise some. Money try to see if you really need twenty grand how much is the bare minimum you need to star this thing to have it off the ground maybe it's not twenty maybe it's ten years, five thousand dollars and five thousand dollars can be earned right. You can actually hold off on launching this product and save five grand after a few months. Of living a little frugally. If you absolutely have to take alone five thousand dollars is a whole lot better than twenty in terms of what you're gonNA pay an interest. But if you do want approach your father and you feel like you'd like to have a part of the business. There's nothing wrong with mixing family with business as long as it's clear expectations are what everybody's getting in the deal. You don't want any sour grapes later on, you want people to feel like that. They got what they asked for what they they knew they were getting into. This is why it's important for you to be open and honest with your dad if you're going to approach him and as well as pitched to him as if he was an investor, you have to convince him that your product. Your APP actually has the potential with any data you can gather even if it surveys even if it's a market research, even if it's just simple as. Hey My APP is in this market and the potential in this market is X. amount of dollars of revenue year is how big the pie is, how much money that can be made who are the big players in that market who your competitors and how you going to compete with them. These are some things that you can really explore and display and present to anybody who's interested in investing, including your father and all this time wasted you're actually investing. Some, really good time and learning a whole lot about the market. You're about to enter
Fresh update on "one hundred thousand dollars" discussed on NPR News Now
"Live from NPR news I'm Jack Speer, a stopgap funding bill to keep the government running through December eleventh passed the House. Late this evening, the legislation still be approved by the Senate and signed by President trump or the government would face another shutdown threat in eight days more men Pr Susan Davis the legislation will keep the government funded through December eleventh it passed with overwhelming bipartisan support. But only after a partisan dustup over farm and nutrition eight, the initial bill lacked than twenty billion requested by the trump administration for the Commodity Credit Corporation, which provides aid to American Farmers House Speaker Nancy Pelosi accused president of using it as A. Political Slush Fund. But there was pushback from house Democrats in farm states who advocated for including the funds that position ultimately prevailed. The bill also expands nutrition assistance for school children to continue to receive meals while learning remotely Susan Davis NPR News Washington you've been as Republicans are signaling their willingness to line up behind president trump toback his nominee to fill the seat vacated by the death of Justice Ginsburg Senate, Democrats say they oppose such a vote now Senate Minority Leader Chuck Schumer Sang the American people don't want the vote ahead of the election warning a multitude of rights could be endangered by a six to three majority conservative court healthcare. Protections for pre existing conditions, women's rights, gay rights, Worker's Rights, labor rights, voting rights, civil rights, climate change, and so much. Else is at risk. Shimmer said nothing is off the table for Senate rules changes. If Democrats were to win control of the Senate in November, he said his Republican colleagues should honor the justices dying wish and hold off filling carseat until after the presidential election. A. Canadian. Woman accused of mailing a package containing rice into the White House made her initial appearance in federal court today NPR's Ryan. Lucas has more. Plus Golf area is charged with making a threat against the US president. She was arrested at the US Canada border on Sunday according to court papers, variated customs, and Border Patrol officers at the time that she was quote wanted by the FBI for the rice and letters authorities say theory a had a loaded firearm tucked into her waistband as well as a knife in her possession. The rice letter addressed to president trump called the president quote the ugly tyrant clown and urged him to withdraw from the election the secret. Service intercepted at during routine screening at an off site facility very is expected back in court early next week, Ryan? Lucas NPR news Washington even a bit some signs of economic recovery. Most Americans are not upbeat about the current state of the economy that's according to New Associated Press Center for Public Affairs Research poll finds around sixty percent of those surveyed view the current economy as poor a Wall Street today. The Dow is up one hundred and forty points. The Nasdaq rose one, hundred and eighty four. This is NPR. The NFL has find two more head coaches for not wearing face masks to protect against corona virus spread. The League says Jon Gruden of the Las Vegas Raiders in Sean Payton of the New Orleans Saints, each have to pay one, hundred, thousand dollars, their teams who play this week's Monday night football game were also find more from NPR's Tom Goldman. Monday night. Football viewers were able to see John Gruden's trademarks near because for most of the game has mask was under his Chin New Orleans. Sean Payton kept his his neck along with their hundred thousand dollar fines teams, each refine two, hundred, fifty, thousand the NFL announced last week it would crack down on those who violate the new rule that everyone in a teams bench. Area on the field except players has to wear a mask Monday, the NFL find three other head coaches and their teams the same amounts so far the league is having success commanding the virus in the most recent testing more than twenty four, hundred players were tested with zero positive results, Tom. Goldman. NPR News Sales of previously owned homes bounced up two point. Four percent last month as the housing market continues to show signs of recovery and moves pass. What was a huge decline in the spring generally a prime home sales period National Association of Realtors. The industry's main trade group says, sales of existing homes rose to a seasonally-adjusted six million units last month overall sales up ten and a half percent from a year ago. Futures prices rebounded following stocks higher today oil ended the session up twenty four cents a barrel to settle at thirty, nine, fifty, five, a barrel in New York. I'm Jack Speer NPR news..
Carole Baskin's missing husband's family airs commercial during 'DWTS' premiere
"Last. Night on dancing with the stars Carol askins husband on. His family bought a commercial. Stop. Audio here hold on second so if you're not. Caught up on Tiger King, the family of John Lewis who is Carol Baskin's millionaire husband who went missing in nineteen ninety-seven. Cut In bought a commercial dancing with the stars and I was like, Hey, if you know anything about it, let us know. and. So here you go. Here's a clip of the commercial that aired last night. Disappeared in Nineteen Ninety seven is family answers. Justice do you know who did this for Carol Basson was involved? Thousand Dollar reward has been funded. You can call the tip line, six, four, six, four, five, zero, six, five, three, zero. Hundred. Thank you. and. Then she danced I'd. Do. You know what part of the show that was I didn't watch it live. It was before because you dance last she was seen no commercial is the air. Yes. Because I had heard it was going to air before the show started. So. The family mentioned that are one hundred, thousand dollar reward. They dropped that number for the tip line. I don't think she did it I. Don't think she had anything to do with it. But a lot of folks do
Fresh update on "one hundred thousand dollars" discussed on PUT IT IN THE AIR PODCAST
"Rich. Of Rich. Man. Don't let me play Doh Levy playing God my Chevy like. The rich I never mind. But yeah. So what is rich? You guys? What does rich mean? Said earlier I think it's a mindset and especially with the social media platform, it's a mindset like you said, everyone wants to flex, but they don't really got it in the pocket. It's a mindset is the perception. It's not really about the money anymore is about the look looking rich versus being rich. That's where rich people looking rich not being rich ARMADILLO personnel. So you as a woman when you see a person who's looking rich but not really rich, would you thinking he's not Rad's. Older I got I realized that a lot of these flashy guys they don't really have money or if they do have money, it's like Temporary. Longevity it's not like Alexi that they're leaving behind for their work. Well. Yeah it's. Money scammers. You know I feel like the people that do have the most money they know how to bitchy you. And they know how to goal. Let's listen okay real. Story and they know how to you know take care of their money and not spend it on nonsense. You got it. So different wells especially by. The way they spend their money, their their aura, how they walk how they talk. You know you know a real accessible rich person versus at easy game money. Now you do have the successful rich do that do that are flashy? That's just like I guess what's his name many team his May? Mayweather he he got money has a lot of money and but he's slashing. That's just who he is. He knows he's social dilemma social. He was like that before social media where he he went for Brit. Yes. The Way He. Mindset. Oh No Eric. Arrogant yet when he decided to become money mayweather. The flash really started to happen but that's a part of his brand. Absolutely. So Take fifty cents, right. So fifty cents you know he's a rapper very smart, very smart man i. think as he has gotten into his career and been around certain individuals, he has changed his image. So fifty cents is not in on the flashy seen anymore because I think he has. Learned what it means to be you know to create wealth behind the scenes and he has he had it but there was a part of his lifestyle in which he was flashy. But? I don't want to take away from people in what flash means right? That's a good time. That's an experience. Right and I think everybody should be allowed to have that experience and whatever it means to them. Right they always wanted this car these pair of shoes they wanted to go to this different country whatever their fantasy is whatever they want to attain figure out as a goal of success I think when we start. Talking about rich, what are we really saying? Are we saying that people need to be better with their money? Are we saying that people need to start thinking about longevity of their money? So how they're building it and how they're going to be able to maintain that long term? What are we talking about? Because rich can also be rich in friendship right? We're all here together we all have good jobs all healthy reality. Visual. You name they a lot of people who are rich. They can't call somebody and be like, yeah, I'm having a problem come through and getting yeah can call you. You can call me and be like as good. Right so I think we have to really start to win. The question is what do we think rich represents 'cause rich it can't be about money. About by. Most Halter right now. Financially, that's where rich a once you obtain the money you realize that the happiness that you thought were going to come with it. Right so rich has to be. But you have to be able to afford what true happiness is to you. So if it's being able to have a car over gooden on the bus, then you're rich, you're blessed to be in that position if you're ready if you are able to have your loved ones around because you have so much money that you can't even keep people near you gotTa push people away. So you're rich enough to. Be around your loved ones and be comfortable. Right that's being. We remember we had that conversation last year I. Think I had posted it because I had this conversation with some friends of mine in group chat and we talked about would you take one, hundred, hundred thousand dollars and flip I would you take it in and fly like if you were to get a private jet and gets a fly anywhere. All over the. Country you know they it was like this experience, the money, the money right and so you know most of everyone sammer take the money, flip it, and you know I could have the same experience, which is which is which might be false because you keep flip and flip and flip and flip and work, and so hot that you don't even get to enjoy any of that money right? cause. But if you say rich right. Let's say you broke right now and acute up at sooner. You t the live the life that you live or I mean like that experience or down at thousand to to flip right? If you broke, you want to end that. As a generational cycle for your family. You say. No? No. No. No. Hear me out de Rope motherfucker that just got one hundred bands. Yes. There's going to be a broke motherfucker and about pseudo three hundred. hypothetic-. Hypothetical. Did you had the opportunity to? Give you to opportunities I could spend let's say one hundred, thousand dollar lifestyle for X. number period to the next year for your life or whatever or one hundred, thousand dollars. So you can flip it in they just leave it but they guarantee that you will be able to flip it right A person like me. I I would say probably flit. I look at my life and I look at my family's and I'm like Yo. If I could flip one hundred and two light now extinct biblical some are saying hundred votes of I flipped one hundred zero even if it costs me my life but it means that the rest of my family gets eat and they go for Life Jay, do the only way to that's going to happen if you already have a rich mindset in order to flip but flipping teaching. You already had the habit in your mind. You have to be that type of person to flip have you broke like broke broke. You probably don't have that you probably fell to the point to where you don't have that capability to flip like to we talked about the hat what did it take to get the pop of fucking text message? Absolutely just text message and we was eating. So for someone who let themselves get to the point where they're broke most likely they burn that they're going to probably do they probably would have the experience that they could have had it. They took that that hundred experienced. Exact. Coaches that might brought to the point to where you like you know what I have pizza at this pizza shop done another Nah we miss net in Detroit or whatever. I'm GonNa Start, that. So..
What Everyone Forgets About Money
"What everyone forgets about money by Crowning Chris. RINING DOT COM. Washing dishes was how I earned my first paycheck when you're fifteen years old and don't get money from your parents to buy things then you have to work. So there. I was scrubbing dishes in the filthy kitchen of a small family owned Italian restaurant, and it's where I learned a little life lesson work is nothing more than trading time for money a medium of exchange. You provide one hour of time to an employer and they provide an hour's wage. I quickly discovered teenagers time isn't worth all that much a measly four, twenty, five per hour. Not long after starting that job I wanted this blind melon album. You might remember their catchy song no rain. One Saturday afternoon wandering the aisles in K. Marts, electronics, department I saw it for sale. Cool. I'm getting it. The price was sixteen, Ninety, eight for whatever reason I did the mental math to figure out the album didn't really cost me seventeen dollars. No, it costs four hours on your feet washing never ending streams of bus tubs overflowing with half finished plates of meat balls is this CD worth four hours of my time. In this case it was but more importantly, you realize the money tucked in your wallet isn't money at all. It's time disguised as money. In fact, it was Benjamin Franklin who said time is money but in our hectic day to day lives, it's easy to forget this. When you spend your money, what you're really doing is spending your time, which means if you waste your money, you waste your time. anyways throw my teens I worked a series of jobs, bagging groceries, stocking merchandise theater concessions, and mostly saved my earnings my time to precious and then I went off to college started a career and forgot what I learned. have. You heard that saying from Texas big hat no cattle meaning you can look rich but be poor. It's hard to believe people who make lots of money are poor. But then your tax preparer tells you they see plenty of families making three hundred thousand dollars and living paycheck to paycheck Thomas Stanley profiles. These folks in the millionaire next door, the doctor lawyer types who drive fancy cars living exclusive neighborhoods and take exotic vacations they look rich, but it's an illusion. It's the families who make one hundred, thousand dollars spent forty thousand and have a million dollars in the bank who are rich. Isn't the worst irony that the simplest way to get rich and have lots of money to spend his by not spending lots of money. But just because it's simple to get rich doesn't mean it's easy spend less than you earn and invest the difference that simple would makes getting rich so difficult is that spending less than you earn takes discipline the median retirement account is worth twenty, five, thousand dollars, and so the problem isn't paying people more money they'll save more give people more money to spend and they'll spend more money. I know this because back in my twenties, I spent just like the next person you think acquiring loss of material possessions satisfying all your superficial desires is the key to happiness. It took me years to relearn what I knew as a teenager. The things you buy with money that you surround yourself with aren't things at all it's your time. And research shows it's having control over your time that makes you happiest not money and things. So, most people have a choice. You can trade time for money and money for things, or you can trade time for money and then use that money as a tool to buy back time. That's why you save and invest, which reminds me of what stoic philosopher Seneca said quote. It's not that we have a short time to live but that we waste much of it life is long enough and it's been given to us in generous measure for accomplishing the greatest things if the whole of it is well invested. But when life is squandered through soft and careless living, and when it spent on no worthwhile pursuit death finally presses and we realized that the life which we didn't notice passing has passed away and quote. What he's saying is when you're about to die, you realize life is time and doesn't that make time your most precious resource. Here think about it like this see, you've worked forty hours per week for the past ten years. You've traded twenty thousand hours of your time. That's forty hours times, fifty weeks, times, ten years, and on the other side of the trade is everything you've consumed sure necessities like food clothing, shelter and healthcare but probably a bunch of other stuff you've totally forgotten about buried in the back of some closet. Was it a fair trade? Maybe it was maybe it wasn't but people are always telling me they've earned million dollars over the past ten years and have nothing to show for it and it makes them sick. They're not complaining about wasting their money. What they're complaining about is wasting their time. Trade wisely.
Fresh update on "one hundred thousand dollars" discussed on The Dave Ramsey Show
"Ryan is with us. Brian is in Boston says on my screen Brian, you're about to do a debt free. Scream congratulations. Thank you. Mr. Ramsey. Are you better than I deserve how much have you paid off? So, just under forty thousand dollars in about a year and a half good for you and your range of income during that eighteen munch. Between Eighty five thousand and one hundred, thousand dollars a year co what do you do for a living? Human Resources on the HR director. Cool, and what was the forty thousand dollars in debt? You know little bit of everything well, a car and a stupid T walk. All right man, how old are you? I've already one. Oh, cool. So what happened eighteen months ago? That lets you up here. So you know I was getting tired of keeping up with the Joneses and wanted to get ahead of the Rams and You know it. It's one thing to have the material things you want. But I think the financial piece and financial freedom that you have with being debt free is so much more valuable. I don't disagree with you. I don't think that's what got you started on this. Would you do what you got you going man something let you up eighteen months ago because you were just diddy bopping along doing stupid like everybody else I'll send. You Got Smart. What happened? So you know I think really kind of long-term range planning and Kinda deciding that this is what I wanted to do for the rest of my life. Kind of have the ability to take trips when want to I want to have the ability to. Continue to work hard. and. Do something I really like which I'm doing good. Not Having to worry about drowning in debt or you know making it month to month okay. How'd you get connected us? So you know probably like a lot of other people youtube and you know really. After my view of your videos Richard Books and really decided that you're pass financial freedom really makes a whole lot of sense and it really works for me. Cool. Well, we're honored brother well, Don I'm proud of you. Said you're thirty one. Have you ever been debt free as an adult? I have not no. So other fields. That's. Feels Great. And tastic feel like the genie, Aladdin getting those cuffs off my wrist and you know just having financial. Amen. Yeah, it does relax you a place. You didn't even realize knotted up. It really does. Yeah I'm proud of you brother well done who were your best cheerleaders? So definitely my parents I think are all this. My work from them and Probably listen to. Of their financial advice when a little bit younger. they are very proud of progress, I have made and really happy to make them. Proud. Gal I'm sure you are I'm sure I'm sure they're screaming with you while Don Sir. Well done we've got a copy of Chris Hogan's book for you every day millionaires. And that needs to be the next chapter in your story man you keep plowing. Okay. Thank you, sir, appreciate it well, done Brian Boston Massachusetts forty thousand dollars paid off in eighteen months making eighty five to one hundred counted down. Let's era debt free scream. Three two, one, I'm free..
Georgia investigating double voting in primary election
"Georgia secretary of state is investigating double voting in the June primary election Brad rapids Berger says there were potentially about one thousand cases where someone submitted an absentee ballot and also voted in person there's really the voter doctors responsible for that they mail back their ballot they knew that they had about that was back they knew what they were doing it's not immediately clear whether the outcome of any races may have been affected televoting it's a felony so you're facing minimum one year prison up to ten years and a fine of up to one hundred thousand dollars last week president trump suggested people who vote early by mail should show up at their local polling places on election day and vote again if their ballots haven't been counted I'm a Donahue
A Visit with the Main Street Vegan, Victoria Moran
"I. WanNa start off by asking you. So your brand is main street Vegan. Why mainstream? Vegan? Well it's a story actually rip I went to a pita fundraiser late in two thousand ten and they showed videos and I've been seeing videos like this for forty years. It took me quite a while to get from. Vegetarian Vegan back in the day. So I've been around this movement for ever. And I've seen those videos about things that humans do to animals but that night, my heart was extra. And all I wanted to do was write a check for one hundred, thousand dollars in hand it to the pita founder Ingrid newkirk and say here, go fix something but the check would have bounced. So I got on the train thinking okay. What's the plan B. and I literally had inspiration I don't know how to explain this. You know you could say God you could say angels on what all I know is that it came to me very clearly okay you don't have one hundred, thousand K. spare but what you can do is make your. Next Book Main Street Vegan, we want it to be geared to the young woman that you were in Wheaton Illinois in nineteen eighty three when you finally stopped messing around and became a one hundred percent fulltime Vegan it needs to have forty short chapters with a recipe at the end of each one and I'm just kind of taking notes in my head of I could do this, I can do this. So my wonderful literary agent sold the proposal to torture Penguin and the editor called to say so happy to have you happy to have the book. But. We hate main street. You need to change the title and they'd bought it. So I had to do something and I'm coming up with these other titles and they were so boring. But I kept trying to write and then I had a begin miracle and I really do believe that this is the age of those believed that this is the time when all these other ridiculous diets are going to go. The way of the dinosaur plant based is going to be the only thing that sensible people are interested in and the idea that we are killing our fellow beings and destroying the planet is going to start to look like are you serious people really did that? So my Vegan Miracle That day. Was Walking up Broadway. We saw somebody so famous, you can recognize him from the back and that was Michael Moore Now, he had liked another book that I had written a weight loss book fit from within, and so I just handed my card to the woman who was with him and a few seconds. Later I hear Victoria there is Michael Moore, following me up Broadway and we started talking and then we started talking on the phone and on one of these phone conversations I said the book that I'm supposed to write should be called mainstreet Vegan publisher hates main street he said they're wrong. Let me talk to him talk to them so. In a three way call with an Academy Award winner my editor in me he convinced her she convinced the higher ups and when she called to say Main Street Vegan is your title everything else started to pop and I've been given my mission for the rest of my life. So why main street because this thing that we do whether we're coming from the health or the environment or the animals or whatever this is for everybody this is not some elitist thing. We don't have to be rich. We don't have to be leftover hippies or punk rockers. We can just be who we are eat reasonably and love more and to me that's Main Street That is mainstream nuts. you landed on something that just resonated and you knew of his right thing. And I grew up two blocks off main street in Kansas City Missouri. So that may have had something to do with it and mainstream Vegan was at your eighth or Ninth Book Because you've written. Now Than Books Right I've written thirteen. So Main Street Vegan would've been eleven. And
CDC Issues Sweeping Temporary Halt On Evictions Nationwide Amid Pandemic
"Millions of Americans have been at real risk of eviction over the past few months. Many of those people have now been given a lifeline in a dramatic move. The Centers for Disease Control and Prevention is ordering a halt on vacations across the country through the end of this year NPR's Chris Arnold is reporting on this and joins us now Chris Good Morning. So this I mean, this is a huge move by the CDC. It doesn't those seem on its face like something agency would have the power to do. Hey Rachel. Yeah. So I mean you might think because especially so far during this pandemic, we've seen you know nothing very forceful from the CDC. It's been criticized for having voluntary guidance that let states and businesses can do whatever they want. You know I if that's the CDC SORTA walking on little. Kitty cat feed this though is the CDC you know booming it's feet like Paul Bunyan, or something. And doing something much more dramatic and the CDC says it does have the authority under the Public Health Service Act of nineteen, forty four that gives the government broad power to stem the spread of communicable diseases and look I mean the basic idea of course is that forcing people out into homeless shelters or crammed together living with relatives that that is very likely to get a lot more people sick. So, who does this eviction ban apply to specifically? All right. Well, quickly to qualify renters have decided declaration saying that they tried to get unemployment benefits or other kinds of support that they'll make partial payments as much as they can afford to their landlord day can't make more than about one hundred, thousand dollars a year or twice that if you file jointly. And that if you're a victim, you have no other option than homelessness or living with more people in in close proximity. which would increase the risk, which is exactly what they're trying to avoid. The rate of Krona virus here. So how many people are we talking about? How many people with this effect we're talking about a lot of people when when estimate from the national low income housing coalition is thirty to forty million people in seventeen million households or families were at risk of losing their home by the end of the year of something like this wasn't done Diana tells the CEO of the group and I spoke to her last night. Well, my reaction is a feeling of tremendous relief. I. Mean It's a pretty extraordinary. And bold and unprecedented measure that the White House is taking that will save lives and prevent tens of millions of people from losing their homes in the middle of pandemic. But she says also Congress or the White House should have done this months ago. Instead, we've had this crazy quilt patchwork of federal state local moratoriums. Lots of people weren't covered and thousands of people have already been affected. What are you hearing from landlords about this Chris? Well, insurance, the landlords are saying well, who's supposed to pay for this? You Know Democrats in Congress had plans for a moratorium but along with that was one hundred, billion dollars of assistance to renters and landlords to pay for that that is not a part of this order spoke to Greg Brown with the National Apartment Association. We're really concerned about this because the piece that's missing is the most important piece in this whole process, which is rental assistance because if the moratorium is put in place, rents are not paid, but the owners continue to have to meet their financial obligations and how are they supposed to do that? Who's going to help them pay their bills and it's not just landlords who rental assistance Intel who heard from she to says, look this needs to be coupled with federal money to pay for missed rent. It's a half-measure eviction moratoriums on their own. Create financial cliff for renters to fall off of when those moratoriums eventually expire and back rent is due and renters are no more able to pay then than they were at the beginning of the pandemic. And, we should say all this puts pressure on lawmakers to make a deal and come up with some money to to pay and and help people struggling during during the pandemic.
Get Ready to Watch Disney’s Live-Action Mulan from the Comfort of Your Couch
"Hello everyone and welcome it is the Gui pre have to recap of all the things that are going to have happened for the week of August thirty first one, twenty four. My name is Bruce and let's start with Gui. Pick the week. There are few choices this week but I'm GonNa go with the boys season two. It's coming out this week on Amazon Prime they're back to expose the truth about the seven I have yet to see the first season I have wanted to but I just haven't had time but I'll probably take somebody's Amazon prime account and just watch it. All right for TV pages on Monday nothing Tuesday. NBC has the premiere of the transplant and a and he has the finale of what it's worth for Wednesday CBS as the finale of tough as nails. Thursday ABC has the finale of to tell the truth you as network has the finale of cannonball and f x x has the finale of cake for Friday nothing. Saturday HBO has premiere of spies in disguise and for Sunday knit none. For DVD's you have blood quantum and rogue and you've never heard of either one of these movies and you'll never hear of again for on Line Services. Net flicks, bookmarks season one, the chef's table barbecue season one I'll fondue Dari classless away season one I'm thinking of ending things season one prime like I said, you have the boys season two and for Disney you have Milan vis is the remake that they WANNA put out in theaters but they couldn't. So they're gonNA charge you an extra thirty bucks to watch it. For Video Games coming out this week you have crusader kings three for the P. C. M. X. versus ATV all out for the switch. Tell me why chapter two for the xbox One and the PC. Door Amman story of success for the PS four Marvel's avengers the PS four xbox one PC NBA Two K. Twenty one for the PS four, xbox which and PC and Tony Hawkes pro skater one and two for the PS four xbox one an PC. Fergie Y news you've got new episodes of gigs under the influence. Smack my paycheck deeply upsetting from the mouth of Manus Geek father and beautiful disasters. For one more thing yesterday Ubisoft announced that it will remove the raised fist imagery from the opening cinematic of its new mobile game com clancy's elite squad following widespread criticism that the game's intro plays right into right wing conspiracy about the black lives matter movement elite squad, which came out for the IOS and android. Last week begins with a narrated video laying out the game's premise with paints protest movements as fronts for organization called Umbra a global terrorist network is trying to take over the world protesters claimed to promote egalitarian utopia for a popular support while. Behind the scenes umbra organizes deadly terrorist attacks to generate even more chaos and we governments, the narrator says at one point and then a series of black fists raised appear on the screen Yeah. That's stupid. This opening leads raise the outright conspiracy about the black lives matter movement protests, and other just movements which to cast them as fronts foreshadow organizations trying to stabilize world government Ubisoft has apologized on twitter but seriously dude, what were they thinking now? Not Fair UBISOFT has donated one hundred thousand dollars to the end of Lacey Pe- in the past. Also. The game developers are from. France I know that's not exactly an excuse. But still in this time of unrest, you need to be a little more careful We have enough people in this country right now that are spreading alt-right conspiracies but Yeah. This may not be the time to have a a story line like this.
US high court denies bid to restore Greens on Montana ballot
"Hi Mike Ross you're reporting the Supreme Court denies a Republican bankrolled effort that threatened to siphon votes from democratic candidates in Montana the U. S. Supreme Court has denied a bid by the Montana secretary of state to restore Green Party candidates to the November ballot Republican secretary of state Corey Stapleton filed a motion Monday to stop a state Supreme Court order that granted the request of more than five hundred sixty people to remove their names from ballot petitions justice Elena Kagan died Stapleton's motion the Republican Party bank rolled the one hundred thousand dollars signature gathering effort and violated finance laws by not reporting it the Montana Green Party did not support the effort hi Mike Rossio
DoJ gives Uber breach response one star
"Joe Sullivan the former chief security officer of has been charged with obstruction of justice. His fight yet with companies finding out to notify regulators about it's two thousand sixteen dodge. We covered this time. This was the story where you know a couple of hackers breach some systems over I think they they We're going off the individual employees, get accounts soffer. Then using that defined aws creates enough of things like that and then breaking into corporate environments, stealing some data and trying to ransom. And Yeah, this this pair of individuals went after Uber got a whole bunch of daughter out an an Uber Paid D'Amato quote unquote bounty to delete the daughter and said they do make. Legitimate stuff and we talked about it at the time and it was a little bit Kinda unclear exactly. How it unfolded. It was when we didn't see details about what happened until I think it was a year or two later was the change of leadership at Hoover. Then the details came out and yeah that's always been grinding its way through the Aj since then and yes, the guy finally charged. The people go pretty mixed opinions about about this 'cause. You Know Bug bounties and ransoming I'm being held hostage and all those things are they exist on a continuum I'm yeah and those little bit of wiggle on on on the spectrum. Well, there's a little bit of wiggle and then there's this happen here. And mean at the time I've gone back and I've listen to a two thousand seventeen report I actually had an uber supergrass feeding me Info on that one, right. So it was that was a report and it has actually held up pretty well. So what basically happened is that someone got into Esra bucket by as you say, you know targeting like a private get pulling a secret out and getting in there grabbed a whole bunch of data and then tried to shake down the company, and this is where it gets interesting because essentially what they did is they use that payment process. Well, this is what we reported in twenty seven. They use that pilot process to try to essentially docks the attack is now it looks from my reading of the DOJ complains it looks like they didn't actually successfully dachshund through that process, but we're able to a couple months later and I'm not sure if that's because they split the payments because I think they paid off up front and then off again but but look into the day was actually able to figure out the identity of the attack is they physically sent off to. Their their residents and made them sign about a bunch of documents and they retrieved the computers forensically a them and to prove that the data was gone but the point is like once that docs them there was no way. These guys were going to do anything with that data because they would be dimed immediately. Right. So that seems like a pretty good dot com. But where they really screwed up is they did not actually report this to regulate all the FBI end these went on to target companies, which is also something we reported. In, two thousand seventeen. Now, what makes this particularly egregious in the view? The DOJ is that Erba was in the middle of an F. T. C. investigation revolving around a twenty four fourteen data breach and the reason, the FCC. So Cranky, about this is that also involved accessing Dada in S. three buckets. So the DOJ is arguing that this was a cover up on the part of Yuba and when you read through the the complaints. The criminal complaints it looks like a reasonable argument eyesight look they prepared as for the attackers which got them to acknowledge that they never downloaded rubel Datta. When clearly they did further that one hundred thousand dollars was way more than they paid for any other bugs. We actually have some audio here from the US Attorney for the northern district of California. David Anderson Talking about the Sullivan indictment here he is Sullivan did not report the twenty sixteen hack after quired. Instead Sullivan Hid the twenty sixteen hack from the public and the FTC. Under Solvents Direction overpaid the twenty sixteen hackers one hundred thousand dollars in Bitcoin in return for promises not to tell anyone about their hack Sullivan disguised payment by calling it. A Bug bounty of bug bounty can be illegitimate means of compensating so-called white hat hacker who has discovered a security breach but has not exploited. It is not a bug bounty to pay a hacker who has taken your data and is threatening to expose it. Sullivan's desperation to hide the twenty sixteen hack is revealed by the size of a payment. The fact that it was paid to the hackers before he. Even learned of their true names. After the Twenty Sixteen Payment Sullivan reviewed and approved statements to the F. T. C. that failed to reveal the two thousand sixteen hack. When Uber hired new management in twenty seventeen Sullivan deceived them also in their guilty pleas the admitted to hacking other companies using similar techniques to those used in the Uber Hack If Sullivan had promptly reported the Uber Hack those other acts of those other companies may have been prevented at this point. My prediction is Joe. Sullivan's going to have a pretty hard time. Sydney win it's laid out like it is in the complaint does you know thous- look kind of compelling them and you can argue that the outcome that they that Yuba got you know for their customers data was perhaps in the end somewhat of success right? That didn't end up. On the underground somewhere. But yeah, laid out like it is it. It looks Kinda scammy. And Yeah I'm probably
Former Uber Security Chief Charged With Paying 'Hush Money' To Conceal Data Breach
"Former top executive at Uber is accused of concealing a massive hack that exposed the data of fifty, seven million drivers and passengers he was fired and now faces criminal charges, NPR's tech correspondent Shannon bond reports, and just to note uber is an NPR financial supporter when Joe Sullivan learned that hackers had stolen huge amounts of data from Uber, back in two thousand sixteen, he didn't tell regulators law enforcement or the public instead federal prosecutors allege Uber's chief security officer tried to hide it. Here's US attorney David Anderson who filed the charges against Sullivan in federal court in Northern California, we expect proper pouring of criminal conduct. We expect cooperation with our investigations. We will not tolerate corporate cover ups we will not tolerate illegal hush money payments to keep the incident under wraps prosecutors say Sullivan, or for Uber, to pay the hackers one, hundred, thousand dollars and he had them signed nondisclosure agreements saying falsely that they never stole any data. That payment was made through Uber's Bug bounty program. Many tech companies have similar programs offering rewards to so called white hat hackers that test their systems for vulnerabilities. But Anderson says this payment was not a bug bounty? It was a cover up the problem isn't with a legitimate bug. Now, the problem is that this hush money payment was not a bug valley best the problem overdid eventually disclose the breach and fire Sullivan but not until a year later, two men pleaded guilty to the hack last year. Now, Sullivan is charged with Obstructing Justice and concealing felony a spokesman for Sullivan, says, there's no merit to the charges. He says it was up to Uber's legal team to report the breach Uber says it's cooperating with the investigation. If he's convicted, Sullivan could face up to eight years in prison and five hundred thousand dollars in
Baa-a-a-a-a! Pesky goats block Trump motorcade en route to New Jersey golf resort
"Talk about the worst news of the Week I. A small herd of goats is responsible for blocking the presidential motorcade last weekend and Don go. Go Young Donald I was trying to travel to his golfers or in New Jersey obviously because we're in the middle of a pandemics where else would the president be but a golf resort? And our our good friends the goats would had the good sense to get in the way disruption protest goats. Did. We have any doubt that are abolitionist goats that we feature regularly on this podcast would be on the right side of history. I did it. I knew. Yeah. Fred started as the Harriet Tubman of goats, and now he's becoming the Malcolm X. of votes. He's saying protests violent protests necessary. I'm just GONNA foment. Insurrection via goat. We love a political goat lava political goat I mean maybe especially because these goats technically work for Donald according to a White House pool report, there was a brief poss- during drive onto the property to make way for a herd of goats that live on trump's property. He gets a tax break a property tax break known as farmland tax break worth nearly eighty thousand dollars a year on his golf resort because it's supposedly doubles as a goat ranch. According to the Wall Street? Journal. Yeah. So I, guess there's like a a loophole for landowners. Who if you say that you're like property is technically like an agricultural project then you get fucking tax break. So you know what this makes me WANNA do. Primal, SCREAM That's fucking primal. Scream I mean within I haven't like truly truly gone off on this pod. It makes me so mad when people call Batman a businessman, he played a businessman on TV he. Hey businessman that's. It's insane. It's like Meryl Streep was not editor in chief of Vogue magazine. Okay. She should be but she's not. But yeah. Apparently, the trump national golf club in bedminster maintains one hundred thirteen acres of hay farming and eight goats, eight goats, and you get eighty thousand dollars a year. It's ridiculous. It's not enough. Goat's remember when that person last time by bought like five goats and it was not one hundred dollars was not that much. So apparently that's all we need. We can go in together on five coats and get. Nearly. One hundred thousand dollar tax break. Let's do it I'm
Starting Zocdoc with Oliver Kharraz
"Oliver Karaz was born and raised in Germany mostly in rural parts of the country his mother was German and his father was from Iran in came from a long line of doctors. For me, it really starts in some ways with my dad and. The timing rapidly had every reason to become a social activist and and so he came to Germany from the Middle East when he was very young around twenty with no money in his pocket no language skills. And you personally then worked on of odd jobs, but he eventually became a psychiatrist but what has really shaped me much more than being born in Berlin is. Social. Active. Isn't that I that I saw him live and that he really made our family mattress we always talked about talent responsibility and the need to use. Whatever telling behind to help those. Around us that we can make a difference. Given that your father was Iranian and your mother was was sort of. German. An Uber even though you were born in Germany, did you feel did you feel as Germany everybody else? So I didn't have a second identity. We only used spoke German at home and yet. As you say I was also a not always fully accepted. So if I give you an example, my school twelve hundred students and you could pick out to the didn't look like everyone else and I was one of them right and even an enlightened country like Germany. That is notable. So I had what I call a visual accent would people would see me on the street and they would ask me how to speak German. So well and But they also school the skipped my name when reading out scores because they weren't sure how to pronounce my last name and opportunities taken away and even at was physically threatened so i. I think that really shaping in many ways because I realized. Very early that in order to be as successful as everyone around me I would have to be dramatically better in really work much much harder than anyone else and so that used to be strong work ethic in me. For the record Oliver is somewhat down playing his work ethic. Because just out of high school, he actually started his first successful company. It was the early clunky days of the Internet, and he designed a way to help people send emails more easily and he wound up selling that business not for a ton of money, but enough to get him through medical school. But. After practicing medicine for a couple years Oliver realized he couldn't stop thinking about that first business he'd started and how he wanted to start another. So he quit his job in medicine and consulting job with Mackenzie and eventually moved to New York. That was my goal was actually to start another company that that's A. Healthcare, but I I'd also realized at the time that I sold my first company and far too cheaply in that I should learn more about business I and at McKinsey God exposure to balance sheets and panels and hit a lot of very practical experience and what it means to manage business. And I think they fondly of my time at McKinsey was one of my better decisions. McKinsey GonNa Mackenzie is a little bit like going to business school. A lot of people at McKinsey have come from business, schools. In that. Many people go to business school thinking they will find a co-founder. Did you were you actively looking around at your colleagues to think maybe I can do something with him or her you know maybe that person. Absolutely and were you just thinking about different business ideas all the time? Well, it is actually very hard to find good ideas and my definition of a good idea was that it needed to have a great mission I. wanted to make sure that we actually do something good in that. We stayed true to sort of talent breaks responsibility, but also wanted to be a large market and to have a great motor rounded and also I wanted to be based on contrarian inside. Because I thought that all of the best companies have that at its core. While she wanted mission, you wanted a company that could kind of dominate its field by building a motor around it, but was also contrary and that's that's that's those are some interesting. Criteria. And that's why I screen for several years rejected pretty much every idea that that I came across And meanwhile. While you're going through all that I guess you meet this guy Cyrus Masumi. WHO's another McKenzie consultant and and just you just. Become friends like he's like somebody like in and you guys start hanging out. While we got put on study together that required us to travel globally and you've ever done that it meant frost were sixteen eighteen hour days together for three four, five months on end and we really. Got To become great partners in that and and what we realized that we had some. Very complementary skills. Cyrus is one of the most charismatic and gregarious individuals. You'd ever meet his very passionate. He could be more forceful, which sometimes was needed to be effective with clients. And you've talked to me now for a little bit as you can probably tell. More dispassionate and logical and more measuring. German? More, German in many ways, right. also was effective with clients by by. and Cyrus is American right? He's American this but that That close listened and how we work together that really started friendship and we stayed close for the study and be caught up over lunch pretty regularly denounce different business ideas off one another and. I think we connected because we had similar interests because. On. Some levels We were equally passionate about what we're doing higher says, passion was more visible to others than mine but we. Were close enough together that we both accepted. The other as. individual that that we could learn a lot from. Was it was it clear pretty soon after you start hanging out, Sarah's that this was the guy because you were. You're on the lookout for a partner. They I think it was was absolutely an option I know reality is that. With. Both founded companies before Mckinsey and we both knew that we wanna do it again and as I. was always great about being. Very honest. Rather than just nice and and I value that a lot. Yeah. All, right. So So this guy, Cyrus Super Charismatic, really smart clearly, the two of you start to to work together. And what what kind of business ideas are are you coming up with? While we kind of fell in love with a new idea that came about a one of these launches were Cyrus. Told me about how he recently ruptured his eardrum by flying with a cold and then found it very difficult to actually find a doctor and he had asked for recommendations and called down his insurance directory listing started with the as. Doctors weren't accepting new patients some no longer accepted two centurions one provider Pasta Way and so he said, well, why does it take four days to the doctor when I'm in pain right? And why can't this much easier? And we. Both very quickly. realized the potential of this idea from. Working at project be new helps us the for actually spending millions of dollars for marketing to grow their patient base because they had wasted inventory, right they had something that I like to call hidden supply, which is these last minute cancellations no-shows reschedules. That the that go to waste, and then on the other, there are the patients who had a hard time accessing this. You thought it immediately clicked with these my God. Yes. Doctor's appointments connect patients to doctors. Yeah. Well, look if you go through the forfeiture that I had read, it's a great mission right? We're making one of the most personal needs more accessible for for patients we can help patients to get in fast we can help the doctors become more efficient. We can make the entire health care system more cost effective people out of the emergency room things like that, and it's a marketplace. So there is a strong mode and clearly anything in healthcare is a large market and I think the contrary and inside that we had. was. The fact that. Most people thought it's normal that people have to wait twenty four days to a doctor because there's a doctor shortage in read our inside was really no doctors have asthma debate ability because of these last minute cancellations, no-shows reschedules and so I felt very about this idea. So. So you member like how long between the time that the you had that first conversation To the time were both you said, let's start this business was like monster or weeks or days. was was weeks. We what we what we started doing is actually. Mocking up the side in how imagine back then in powerpoint pointing just the wire. Website. Yeah. Wire frame. Exactly. We would. We'd go into starbucks and we'll chat up strangers and say, Hey, here's a five dollar gift card. Give me your thoughts. Sorry I'm GonNa. Go back. You just go to people in starbucks Gift Card and say, can you give me your thoughts? Random Person? The absolutely that's that was sort of our market testing. They wouldn't. They would be like excuse me this is a little weird. You're my space. Might also happen from time to time but you know there's lots of people on starbucks is very in German of you. That's debris because usually he would be to report tentative about doing that. Well, you know I think there was a lot less rejection than you think people actually quite open I. Suggest you try this out but if you If you're unthreatening in Luke harmless as we probably dead and then they'll be pretty open. You went up to and starbucks and you'd say, Hey, we're thinking about a company here. Can you just look at his powerpoint give you five dollars Gift Card and what was in the powerpoint, the popcorn and was just what we thought. This website would look like and we would ask them is the set service that resonates with you would you use it and and we got an incredibly valuable feedback here and really set us in many ways on the on the right track right? So and what pointed to the two of you decide let's quit McKinsey. Let's. Let's pursue this. Probably a month or two after we initially discussed idea did anybody say you were crazy for quitting? Everyone. Everyone told us. Crazy and got a lot of negative feedback on the idea to write people would say this is Bloomberg out I would never pick my doctor on the internet or I already have a doctor or you know doctors wouldn't accept patients that that are looking on the Internet of all kinds of protections that people had when they were thinking about their own situation by. When when you talk to people and starbucks, they actually thought about it much more positively. So we were encouraged enough to say, well, this is going to work as long as we get out of our circle and don't ask McKinsey consultants doctors. The responsible be better. All right. So you are in your thirties at this point. And presumably were making pretty good cash at McKinsey because you were probably you'd know expenses you're on the road all the time so. When you quit, I'm assuming you had some money to launch the business and probably live off for a while. Yeah. So I very deliberately had never raised my living standard to the money that the paying McKinsey and I had saved every dime so that I could. No be in a position where can fund this embraced can afford not to take a salary for a couple of years. Wow. So so a couple of hundred thousand and you saved. You know. Maybe. I'm to Germany to discuss personal finances but. I had. Built this. Radio, you can tell the. Story Yeah I I had I had enough money to live off for for several years but I also Saturday night both finance the company early out of our own savings so that clearly diminish We had leftover after that. So now, you both decided to quit. and. You have some technical expertise because you had. You had done some coding but this is next level stuff. Were you able to be that technology founder and Cyrus was going to be the the sort of the business founder? Absolutely not as I add coated but at that point, I had not touched a computer for a long time We knew we need to have a technical co founder and so Sarah's knew a guy named Nick Guanzhou from the time together, trophy software, and this is another company that they would both worked at the that's the company that they're both previously worked together and Nick just brought a totally different perspective and really educated Addison me on a lot of things and and he was really the one who understood a building a seamless experience for the consumer and ends May. Zach Docs. Early Genius, did you did you have the name dock from the beginning? Not, not initially we we went to several phases on on what the right name could be for for while we wanted to have a descriptive name. So we looked at physicians, dot Com Doctors Dot Com, and we actually tracked down the owners of one of these domains and they wanted several million dollars for the domain name. And and we were finding the company ourselves. So that was out of the question. So then we just sat in a room and we brainstorm a list of fifty or one hundred names, and then started eliminating names until we arrived at Dr. What does it mean? or it doesn't mean anything which was the WTO bit we could. There were zero search results. Okay. There's no meaning behind his ACH. There's no meaning behind and and in hindsight it was precisely the right thing to do because it really was a blank slate for us to fill with with meaning and really build a brand around. Zero such as October we started. It address nate the right lake once you know that it takes more than three weeks from picking up the phone and dialing for doctors till you actually see someone you realize Oh, this really not much else that we have to wait so long for to get. And this is more important than most of these other things you already have. Fantastic access View Magin. If air travel way that healthcare workers that wouldn't be an expedia that wouldn't even be Delta Dot Com that would be individual phone numbers for every plane. Imagine. If that happened, you know a half the planes would fly empty it would be a massive pain and that was actually the state of health care before sock. Is Amazing that that the nothing like this was out there in two thousand seven. I look at I. Think. In many ways you couldn't build it a much earlier. In the early days. When we went out there, we were the ones installing Internet of the doctor's offices. We. They they were a many times just migrating from a paper books to scheduling systems. We were at the cusp of digitisation for healthcare. We were just lucky in our timing to get this right in and start offering the service when that also happened. All right. So you decide to pursue Zach dock and it's the three of you. I'm assuming really just at the beginning and were you working out of out of one of your apartments? Did you guys rent space? No, we worked out of respect for. Many. Times we came to make yet the nicest apartment and and we could bring breakfast Burrito and bake him up and you know the the reality is that we originally had a pretty ambitious launch plan right so we got together around July. We wanted to launch by December of two, thousand seven. Something interesting happened were nick send an email suggesting to look at what was then called techcrunch forty. Take is is now a household name but the draw for us back then was there was a fifty thousand dollar prize now it's called tech crunch disrupt think. So it's a major a startup competition. It's a startup competition and we were the first class of this was much less known be budgeted two hours to fill in the application in really which will send it off. He didn't think about it anymore that there was an early July and early August we've heard that we had been accepted, but there was a complication we'd have to be ready by September eighteenth or. That was three months sooner than we had originally planned to launch. So you'd have a live website by September that is right that is right with doctors with doctors, right So we actually debated for a few hours whether we should even tried to go for that but we ultimately said, yes, we can get the website working and we wanted to have enough doctors just a bars wouldn't look pathetic. Brayden. Coded Night Neither Day and nick really busted his but he did the patient facing side of the website and that was the programs. What was potentially even harder because we're tried to launch a marketplace was to actually get the initial supply on there and remember the website wasn't there yet so. Tires ended up going door to door for doctors offices. Excuse telling them a powerpoint page, and this is really a testament to cyrus sheer willing determination if you think about what it means to really start a company early on, there's nothing to show right you may be a powerpoint but there's no website there's no patience. There's no other doctors no social proof and it has to run on passion and very clear that that is Cyrus superpower. He just went to random doctors offices or he had like a list of doctors offices and he started kind of walking block by block. Well, there's a lot of walking involved a we launched in Manhattan so you can literally go down the street and you see. The signs and you walk in. And he was basically saying look, it's a way to connect you to patients. How was how many by the way? What was your objective? How many doctors do you need to sign up to have this website look okay by September Between six and ten was our goal. Okay. So just doable it is a was extremely hard really. Is telling doctors is one of the hardest things to do why were they saying? Well, first of all, it is baby very hard to even speak to a doctor they are being shielded. Their time is very valuable. Office managers are trained not to let anyone talk to them to protect the doctor from people walking in selling them stuff shirt them. Secondly, they many didn't want to give up control over their calendar which has to write. We ask them to post times that a patient could book into it and it was just a far fetched idea for many of them the patients would actually do this. So he got a lot of knows he got a lot of knows. He'd go there and he just simply not leave until he got a chance to speak to the doctor and a few times. It was even escorted out by security. I really think one in a million could have put this off. I mean was he going to particular kinds of doctors or was he generally focused on an Internet general? Practitioners Ob sobe began with dentists Okay. Because our thinking was that. People go to dentists most often, and we wanted to make sure that we have an offering that is relevant for patients as often as possible. I. Got you so so eventually unassuming, you do get what six to ten or how many did you get by September of two thousand seven Eight. In the meantime, you inequity doing the back end stuff you were doing the coding and building the website does right and as you were building it. How did it look? So. The bit that Nick Build looked awesome for the time I think. It was impressive. We were. Very. Satisfied that we had a scroll bar that we had a map that we had back then already the insurance selector and a lot of feature that. Weren't to be found really anywhere else. All right. So September two, thousand, seven, you are ready to reveal. This service at. Tech. Crunch. And Doth Review present or did did Cyrus kind of wishy the spokesperson? Cyrus. I presented Nick stayed behind in New York to make sure that the less the website was actually up and running This is in San Francisco that you went to the we flew out to San Francisco and So we lost sock talk in front of Eight, nine, hundred people. A lot of them were journalists when the judges opened up with feedback guy covers ocoee who we newnan in valued. As embezzles forever apple he came out to said he he didn't get it. He would never use this in front of everyone right and. His direct load something like honestly Oh, it just never occurred to me to go to any doctor that's really burned in in my brain and what was worse is that he seemed to be right we didn't get a single booking. We were hoping that this PR would get us out of our initial batch of users, right because your other. So many tech journalists there. So you know the publicity may be would would would lead to bookings and that was the hope but. It actually took three days before regard our first legitimate a patient, and and in the entire first month, we only got five bookings. You come back from San Francisco and. You know you had Guy Kawasaki. Say I don't I would never use this service? I'm sure he feels differently today but man maybe then Ezio said that but did did you come back feeling like like dejected like losers or or were you excited like how did you feel coming back? While you know I think we obviously hoping we would eventually get more bookings and In the beginning you probably refreshed. The Bookings Report Hundred Times a day by as we were thinking through what we realized. It was really a typical two sided marketplace challenge It's just a classic chicken and egg problem. You need the supply to get the demand and you need the demand to entice them supply and for dark was even trickier. Right when you think about it, healthcare is hyper local. Very complicated. So you have to match. Supply and demand on a Zip code specialty level, and then we have thousands of insurances take. Until we realized that our odds of actually finding a patient that wanted. An offer there. Quite low, and so the best path forward was to methodically build up supply, and so we just kept going put up a huge map of Manhattan on the wall, and then a sleep put little flags on of where the doctor's brother we're on the website in which insurance is accepted and we just we knew the perseverance. Is the name of the game. Back in just a moment how oliver and Cyrus Begin to drum up interest in stock and how they even start to raise some money at figure out how to dress differently, stay with us guy rows and you're listening to how I built this from NPR. Hey everyone. Just a quick thanks to our sponsors who helped make this podcast possible I to epic provision maker of epic bar beef was nature's idea the epic bar was. 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A lot of their offices especially back in two, thousand, seven or sort of technologically in the Stone Age. There was incredibly complicated to sink the doctors calendars with ours. Because none of the software was actually made to sink. Were even in the places where we had syncs up and running, we would frequently get. Feedback while the punishment didn't happen because the doctor wasn't available and we really couldn't figure out why this was the case because when we did screen chairs with the office to their calendar and and our calendar, it was identical right and couldn't figure out why that's happening. So I decided to sit next to the office manager I went there and got to know him and his family photos of his dog. I fixed the printer taught a better strategies to play minesweeper still couldn't figure it out. Until one day, the doctor would come out and she'd say, Hey David I'm out next Friday. And then what does David do does he go into the calendar and block out next Friday or does he take a post? It note On a doctor out next Friday and sticks this too is monitor. In the real world. These post it notes, of course happen and but once you know that Matthew Friend, you can start filtering this out and that's one example they were literally a thousand point, one percent solutions that we had to figure out to make this work. Wow. That sounds I'm getting exhausted. Just hearing about that because this is like even like Google calendars, right? Yeah. Yeah. That was that was early days and what we were extremely focused around were making show the experience was fantastic. If something went wrong, we fix it. Right. So I was our customer service I personally would call the doctor and and confirmed the appointment was all said if it wasn't I, personally contact the patient to let them know and then I would offer them. Amazon Gift Card alongside with an apology those actually one case where it didn't catch a patient in time. and. The were in the subway to the doctor, and so I raised them to the doctor's office and picked up a bouquet of flowers on the way there and met them in person to apologize. And that was really a turning point burs. The service has to work and we need to be have this patients I attitude in in terms of how it works completely ingrained in the company. All right. So you clearly need to kind of grow this Were you offering this service doctors for free at the time? Initially. We for free by we eventually started charging fifty dollars per month. But Sam doctor you come into my office and you say, Hey, if you pay me I can bring you more customers. I would be skeptical I would've said to you you who whose, who even knows about you. You'RE GONNA you're asking me to pay you money for Phantom bookings for maybe no customers I mean did some of the doctors say Many. The US summarize our sales challenge. Right? It was very hard because even if you wanted to, we couldn't easily share how many patients their competitors are down the road God like that was something that was confidential. All right. So you are you got this chicken and egg problem. Not, enough people signing up and he gets skeptical doctors but you know that the service could really benefit the doctors, but you also need them to pay for because otherwise you know but business. Meantime at a certain point I'm assuming you guys start to think we'd better go out and look for money if we're going to really make this thing work. Yeah. Yeah. That that happened in the spring of two, thousand, eight we decided we raise series. And we we make the rounds we get in front of a number of the big name, BC New York the also go to Sandhill road in impel. Toho Santo Road we leads and road initially were very successful at all we got Polite knows. and. Ray No feedback control someone took us as I told us you know what the idea seems. Good. But you're consultants I'd and the perspective of its consultants can't get anything done and what realized is that even though we had both founded companies before our Mackenzie Pedigree in our keys and button down shirts, they were really hurting us, and so we wait rank Khakis and button down shirts. It sounds crazy. Were they pleaded pants or were they at least nine pleaded please. Yeah Yeah. Yeah we after hearing that feedback We very quickly just went to the next gap and bought jeans and t-shirts and from that on the combos with VC's when but a lot better. So you went from McKinsey consultant look to this are the tech casual uniform of jeans and t-shirts that that's exactly right and we introduced ourselves not as NBA's and McKinsey Consultants but we introduce ourselves previous entrepreneurs that are starting their next company. was was anyone biting? Were there people who were like? Yeah there's a great idea I'm in. So interesting enough we had raised some money from. Friends and colleagues, and many of those they invested in US business plan unseen just based on the fact that we. Were giving up our careers at McKinsey to pursue talks. So that felt really a great. and. As we started changing how we appeared in how we introduced ourselves to venture capitalists L., we started to get offers and so in August of two thousand eight, we ended up raising five million from KHOSLA ventures expeditions mark. Wow Mark Banya Jeff bezos, and Venus is. All their. Funds are in which sounds like a lot before you WanNa do it's actually. Kinda limited because you still it seems to me in two thousand eight even though you have five million dollars a lot of money you still have this problem which is you've gotta get. Customers, and then to get customers, you need lots of doctors had lots of options but to get doctors, you need lots of customers booking through the site to you do that precisely D- These five million dollars per lily earmarked for making New, York, work, right, Miguel, I market work but. immediately after raising the money the financial crisis hit. And You may remember there was rest in peace a memo that went around about startups, right? Yes. About start ups, never being able to raise money arrested in peace good times. So we got this job is to make the money stretch in. We probably learn not during this time This was really our first go round making hard choices and what I want to be frugal and not to do things we can't afford and We learned to not let money replace critical, thinking and creativity. But now we continued to grind away at New York and at some point felt while if you want to get. To the next level we have to prove. Dr Isn't just a New York City phenomenon. Right? We had to prove that it would work in a second city But at that point, we didn't have the money to do this anymore, and by the way you're still your approach was still the same. It was door to door. That's right door to door and how how you building awareness about the about the fact Zach existed with customers with potential customers. So we it was day very difficult to get someone. To the website. Yeah but when they did. They loved it because it was such a step change from how healthcare used to work for him. Right they used to have to pick up the phone and wait on hold and then plays scheduling. tetris. With the office manager, can you do Wednesday morning about Thursday noon? Friday afternoon, and now they could do the same thing in a minute and have complete overview about the ability patients loved it and they told their friends. So we we started to get word of mouth. Going, and so we saw New York really taking up and we felt like, okay, this does this go into work in New York. At a minimum rate, but we also realized that it took us a fair bit of time. And money to get it going. In New, York and do we couldn't with the money we had left from the five million easily expanded into a new city at the same time. Raising money was going to be difficult because the next generation of investors wanted to see that it works and other cities as Walter. So we were a little bit in this catch twenty, two we ended up. Applying to. Force boost Your Business Competition Four. Forbes has his competition as sell to where they give away money right to they were promising a hundred thousand dollar prize. And at this time. We won. And Yeah what did is they gave us one of these large publishers. Clearinghouse is sex and very useful actually used to cover a hole in one in our only conference room. There was a hole in the wall and we covered it with that. At, this point you are, you are working out of an office, not not an apartment at this point we were working out of A. Shared Office space we work. Yeah. So they had given us publisher clearing house is is check but they fail to give us the small check for three months and we were getting really nervous, but it would still get it but. But ultimately, we got that one hundred thousand dollars and that's what we used to launch and our second market in DC in Washington DC and would did it require you guys to move down there or were you did you hire because I'm assuming you had to? A lot of your early capital was going into sales. Business Development hiring sales reps, is that right? Right, we had a couple of sales reps at the time. A. Very first employee ever was a sales rep is still with the company today and He was great. He figured out how to. Really charm his way. To the doctor. So there were no more security guards escorting anyone out. When did you? I'm assuming that even in two, thousand, nine, two, thousand, ten, and beyond we're not yet profitable. Far From It? Yeah. Far from it right because it's a capital intensive business. Yes. We obviously invested heavily in customer service wanted patients to have a great experience. And we had a quite sizable engineering team because that was actually a major engineering effort. So what started to happen when did you start to kind of see? A real turning point. Yeah. So we we we had launched New, York successfully with. Years. Of hardwork, we've gotten it off the ground is transported that to DC at work well, in DC, and now he said, well, why are we not in more cities and so we actually we raised serious be with fouled respond and We used to expand off the East Coast Francisco then Chicago and we just got better better at it. So we then ended up raising serious and two thousand eleven from Goldman NTSC, and we primarily use this to grow our sales team and sign up more more doctors in from two thousand eleven till two thousand, thirteen, we launched roughly thirty new cities I read that by by two thousand, fourteen would covered. Like forty percent of markets in the US, which is huge I mean that's right I mean that's a huge number of cities. And in that year evaluation. Of tzakda. Past Billion Dollars I mean that's That's pretty remarkable i. mean you were kind of on this like really rapid trajectory and you a pretty straightforward model right and you were charging doctors a flat fee every year and then. They could take all the bookings they wanted and I think that by that point like by two thousand, fourteen knew it was not cheap. It was expensive viewed really raised the price it was like three thousand dollars a year, right? Something like that. Yes recharged Dr Three thousand dollars a year and and there was a flat fee. No matter. How many bookings Actually facilitated for them and and the reality was for some doctors that got a lot of bookings that was a great deal. Yeah. But but there were also doctors that God a lot fewer bookings and for them that fixed cost was actually too expensive and some of them were starting to leave the service, and so we got into a situation that required us to invest a lot to stay where we are and then invest even more to continually grow our overall provider base, which means we had to build out a massive sales team to always sign up more doctors right and. Some point during this time L. Nick actually ran an analysis showed that it would take several years if ever fries to make our money back on on many of the doctors we signed up because you would have to sign up. X number of hundreds of thousands of doctors paying that amount every year. To make your money back to to make sort of our the cost of the sales team back. Wow and L. it. This was pure that would make us dependent on external capital for our very long time, and now it's a clearly there are many companies that have taken. Grow fast at all costs approach. And They Held onto this forty extended period of time by L., it clearly puts talking to a dependency to. Investors in their mind says, yeah. So. Meantime. You know I I from what I understand. There's disagreements I mean there there are you know the leadership team including Cyrus he he's I. Think he's he's sort of his position as the flat fee model is actually the best way to go is that a fair assessment of of his position? Yeah. I think that's right. I. Mean there were two fundamentally divergent ways held the business could go forward right. One way was to continue to work on optimizing the unit economics of our subscription model and the other way was to think about how to make it more transformative leap and then find a new more profitable. And more sustainable model and. Their. Look I can certainly understand The reluctance and taking this leap if companies rechange their underlying business model once they have a certain scale and then live to tell about it, right. We know the names of the companies that have done this net flicks, but from DVD's to streaming adobe. From box software to the cloud, but there's not a lot of companies that do that. and. Needed to make a choice which which direction I wanted to go. And and I should say over that. Became intensely personal for you because hugh and Cyrus really disagreed on on on the direction of the company should take. Steps down he he left the company and you moved into the role of CEO. Those right and what ask you about this neo. Beauty's in the flies of this show is its simplicity and we talked to one person or sometimes too. It's a single narrative, and so we don't have cyrus with us to tell us what happened but I wanna ask you about this time because. This was your co founder. This was your partner This is your friend and he was leaving the company. How did you feel at that time? I all I can say was a very hard and very emotional period for everyone involved and It was certainly a departure But how was through that given these two divergent choices you you couldn't. note, both of us could be useful to talk and. I have to imagine that for for period. China. was sort of the friendship. Look been we were very close we. Were not only friends we had worked for eight years believe together fourteen hours a day, and we probably talked more to each other than to anyone else in our lives but you know. Still touch from time to time and. I think he's joining us on from sideline. He still at prison million owner of the company Yeah, he's still. Here's the thing I mean we've we've told stories about breakups we've had we've had episodes were there were married couples who split divorced but continued the business e O products. Susan Griffin Black and an her husband Brad They continued the business stacy's pita chips continue the business after the divorce sold it for a quarter billion dollars. You guys were worth value to one point eight billion dollars at this point. was was ever party that just thought you know, God look at what we're doing on the core we're going and. I mean did you in service it down and say you know this thing is just growing and? Let's just figure this out. I think the challenge is that it's not as if there was an article way to decide what the right path forward is. As long as investors wanted to give us money growing all costs was yeah. Fine Strategy. The question was just how dependent you wanted to be on the continued goodwill of investors. It sounds like you were tired of going out raising money. You didn't want to do that anymore. Oh, not at all but I think you want to raise money from a position where you know what your turn to is and and. It wasn't clear that the business model would work in in a way that that we could just flip a switch and be profitable. Yeah. So. That was a tough year for you. Two, thousand fifteen. There was an article in business I think business insider, and it was about the sales team. It's October that year and it was. It was some allegations that you know Pete member sales team using adderall even cocaine they were under immense pressure. They were working all the time when you saw that article. And I'm not saying you even aware of any of this. You may not even aware of it but I. have to think that that article really alarmed you and and maybe even embarrassed you. Look A. There were a number of articles in two thousand fourteen fifteen. Didn't absolutely get everything, right but Budweiser I can say is that At. The time doctor had their sales team and we're. Getting very quickly and Your maybe maybe. Too focused on. L. Hitting targets and. Not. Focus enough on creating a strong culture the I hear these stories from six years ago from from time to time and from from now from candidates and and really every time. This happens like a Gut Punch. Because, this we know we're completely different company now. On on so many levels, but clearly, you saw that in new that you had to change something. While yes, I look I l there's a there's a couple of things about this. Right? We are a technology company, but we had said ourselves up too much about. Instead of writing wins and really too little about being adaptable and darning and and building the trust required to try things that now pet the risk of failure. and. So one of the first things I did is to change core values. You know to emphasize those behaviors each one of our values adaptable, not comfortable and other one is progress before perfection learners before masters right and. We only kept really one DIA CONSTANT DEL patients I. Personally that. That was more of the culture that I thought was right for Doc to succeed on many dimensions. So, you take over the company it's got high valuation, but you're still not making money and you know that you've gotta change the underlying business model you're never gonNA make money. And from what I understand this is the beginning of what you have internally described as the second founding of the company. That is right. That is right and that basically happens in in two thousand, eighteen you you launch this new business model where instead of the the dollar membership fee. Basically, you would charge doctors a lot less like two hundred or three hundred bucks, but then every booking you, you would take a cut from that booking. So like a travel agency. A little bit charge for new patient booking. So the existing patients to practice we made free but yes, there was the fundamental idea and. It sounds like such an obvious thing to do but but here's the problem with it and why why are we thought it was incredibly risky to try this. Our best customers that had been on for a long time. They got lots of pockets right and if we start charging them per bookings, their prices go up very significantly in some cases ten times more and that seemed. Competing, insane to us. In. Particular because when we talked to other companies that were at gone through similar changes and even pricing experts, they're number one advisor was make sure whatever you do never charged your best customers more and frost would be precisely. The opposite. In the thing that was counter-balancing this in our mind was well, maybe we'd be able to bring on a lot more doctors because the barrier to entry is now much lower that was there was the back and forth in the team to figure out whether that's the path we want to want to go. So, this is still a risky strategy because you're depending really on new bookings because the two hundred dollar annual fees dramatically lower and I have to imagine in year one, you actually saw drop in your revenue in the year one of of this curve. Second founding. Right. Well, it's from a risk profile worth at that. Right the warriors that you lose all your best customers in with it, all the bookings day used to be getting. and. So we needed to be ready for a very significant drop in bookings and revenue and the second Challenge was here that. The beauty of this approach modest and we got all this money upfront right and Sharon. Now to bond, we're getting paid after the booking with with a thirty day payment periods, we had a huge working capital requirement to make that happen. So did you see a drop and revenue in two thousand eighteen when you rolled this out? No we didn't because we actually didn't see the doctors leave the way that we hit on -ticipant did in fact, you know while we had very much worried that they would be upset and some of them certainly were upset. We were providing so much value to them that. You know what? What took you. So long I knew as getting a great deal all along. So that worked really well, and we had piloted in Georgia initially in April. Two thousand eighteen and then that had worked. So we we then all allowed in Colorado a few weeks later that work to, and from there we went to Washington state and again, very positive results and after these three days. Okay Great. We know this works does it out in our largest most important market? Let's go to New York and that and terribly horribly wrong. They the doctors in New York. Not only were so pissed off they actually I read. mounted a change dot org. Petition I. Don't know what to to to end this practice or something. They were really mad. They were really really mad and I guess you guys responded you said, are we won't we won't roll this out in New York for a while. Yeah look in New York. We. Facilitate Roughly, one in five new patient doctor relationship in the entire city on dock and so. The economic impact for the providers in. was much greater than for the providers in Georgia Colorado Washington. So yes, to give you one example, there's a dermatologist and so and he paid under the ultimate model ten doctor say paid thirty thousand dollars and under the new pricing model, his cost was going to go up from thirty thousand dollars to roughly three hundred, forty, thousand dollars. Wow. So what was your response to that? I? Mean it seems like a pretty reasonable. Concern. Yeah. So look after the conversation with the Dermatologists I. Actually. Put down the phone and I thought you know what? He's right. And so I pause and we regrouped and. We did a couple. Of things during this time, like the first one is we just went on a listening tour. You know we talked to provide their feedback and we just adjusted our this plan to give providers a much longer grace period to decide whether the wants to addition to the new model or not, and then. So then we read on New York six months later and and when dramatically better. So the strategy works and you see results from the strategy pretty quickly like within a year. Within a year, we had we finally at some incredible momentum was really going better than we had expected in our wildest dreams. Our existing client went down to essentially zero. I mean people still retire and and move jobs by no one really left the service and we were adding more and more providers because the barrier to entry was low and So in two thousand, nineteen we began growing profitably. It sounds like two thousand and nineteen was really the banner year. Two thousand nine hundred was a was a fantastic year and honestly we had so much momentum coming into twenty twenty and feel like, Hey, we worked really hard for three years and profitable and now the sky was the limit until. Tells Sam until March of two thousand twenty. Two Marjo twenty twenty and that's. That's really maybe the third founding DOC right? Well, I want to ask you about March twenty twenty because. Your Business is based on people booking with doctors and going to the doctor I have to imagine your revenues must have plummeted like every other industry like I mean doctors offices are still in most of the country. Slow or are trickle of patients coming in. With the lockdown started happening we saw impersonal bookings declining anywhere between fifty to ninety percent by the end of March I'm not surprised and lot of that buys I was getting was to. Lay off people and make sure that we hunker down to weather the storm but I saw an opportunity to build windmills, right so I thought well, we need to be there for our patients. We should be expanding into telehealth and I need every team member to help me do that and so we. Really went all important and supporting video visits and I'll probably June eighteen began redesigning the tire marketplace support virtual care, and so we actually released. Doctor Video Service and we made this available to. Any. Physician whether they are on soccer. for free. And by the way head, you plan to do this. How long would would I mean I'm imagining if you said in in February district I really want to focus on telehealth Would you have expected that by May would have been ready to go. Absolutely. Not I think what has been really fantastic to see is how? We really finished two years of roadmap in two months. Wow, and it's great because it's just gives us a window on what the next phase of doctor will be and really looking forward to that in my mind were the point were Amazon started from going. Books to also adding CDs. We have just gone from doing only in person to also A. Doing telehealth and I can't wait to see how this unfolds. It sounds like you. Might be reading between the lines but. You. Really, admire and respect your co-founders particularly. Cyrus and the work that he did to to build this company but I wonder if do you think that you will a I dunno, rekindle your friendship i. Is it something that is in the cards because a break is? Is Emotionally, it's hard Mesa really hard. Yeah, look I Do I think we'll work fourteen hours together again maybe not but you know I I've gotten through tougher breakups and reconciled in my past, and so I think we are we're in good shape and honestly know we are meeting were talking from time to time Yeah. We both have things to do and places to be so we're. Not, hanging out all the time. But it's now also five years ago So We are we're merch focused on making our join the baby successful. When you think about your journey and All Its happen to you how much do you think this has to do with? with luck and how much do you think it has to do with with the hard work you put in your your skills. Well I'm going look I I believe that there's really three ingredients to success. In order importance there are lock the talent, then hard work and. The only one. That's comedian. You control his how hard you work right and Now working hard to gives you more shots on goal It helps his day on the top of what you your talent allows and absolutely restarted at the right time the right place. So What what I'm proud of an all that journey has only that yet when we were wrong and when be had to revise and. When we needed the grit to actually make it work. I L we lived up to that and and that's really The all that anyone can ask themselves to. Oliver Karaz co-founder of Zach Braff by the way, remember how they originally wanted to call it physicians dot com or doctors dot. com. COULDN'T AFFORD THE MILLION DOLLAR PRICE TAG to buy the domain name. DOC DOT COM wasn't only available the price they paid for that domain name. Six Bucks. and. Thanks so much for listening to this show this week, you can subscribe wherever you get your podcasts. You could also write to us at H. I. T. at NPR DOT Org. If you want to send a tweet, it's at how I felt this or at Cairo's can also follow me on instagram that's at Guy Dot Roz. Our show was produced this week by Jet Anderson with music composed by Tina. Bluey. Thanks also to Julia Carney Candice Limb Neva grant and Jeff Rodgers I'm guy. Roz even listening to how I built this. This is NPR. Black voters play a crucial role for any Democrat who seeks to win the White House but some big devise amongst that block and some serious influence
What would a payroll tax holiday look like?
"Begin this work week with business owners and accountants and economists and people who are working in this economy trying to figure out what exactly president trump did to this economy this weekend. You some things one executive order and three memoranda after negotiations on another. Plan on Capitol Hill collapsed that much. You know whether the president can actually do most of what he did depends on who you talk to. So rather than engage in that particular back and forth, we'll focus today here on the thing he did that he can do deferring collection of payroll taxes specifically putting on hold the collection of taxes on the employee portion of social security taxes six point two percent per paycheck if you're curious. Starts September. The first ends at New Year's only for people making less than about one hundred, thousand dollars a year that much is what we know. Now. What's IT GONNA mean. Here's marketplace's Mitchell Hartman. The committee for a Responsible Federal Budget Wades through complicated tax proposals and regulations all the time but President Miami McGuinness says the White House's memorandum on deferring payroll tax obligations leaves her with West Mark Mar starting with this one happens come January when employee payroll taxes that weren't collected come do nobody knows how the repayment part will have to restructure it's going to. Complicate the life of employers. Tremendously. If they have to be responsible for making sure that money gets paid back and small business tax advisor Barbara Weltman says this payroll tax holiday could change. So right now we're talking about deferral meaning you don't pay now you pay later the president has instructed the Treasury. Secretary to explore options including legislation to forgive those payroll taxes altogether. Pete Iceberg at payroll processor ADP says, it's going to be really complicated for employers to alter payroll tax collection media year for only some employees based on a salary threshold cramming changes of this magnitude normally require like six months to do. So it can be done sort of an emergency basis but maybe problematic he says employers could be liable for not withholding enough tax and underpaying the Treasury Randy dellwo owns a business that makes scientific instruments in Bend Oregon he talked to his ten employees at Zoom meeting this morning and. The consensus among our employees is that everyone would rather not defer their payroll taxes. For one thing, they would need to save the money so that they'd have it available to pay back at the end of the year the committee for a responsible federal budget estimates temporary payroll tax deferment could leave us workers with as much as one hundred, billion dollars of extra pay through December. But if a lot of businesses and employees followed the lead of Randy Woes Company, the impact will be more muted.
Trump signs coronavirus executive orders, but legal challenges may loom
"His club the president brought out the pens signing a series of actions that bypass Congress after two weeks of talks, for Kobe relief sailed Democrats are actively blocking. The things that we want and what we want is good for people he called for a new round of enhanced unemployment at a lower figure than the benefits that expired. Why did you decide on four hundred dollars in previously family for receiving six hundred that will be a hardship for many what do you say to them? It's not a hardship. This is the money that they need. This is the money they want. This gives great incentive to go back to work another big change, a payroll tax holiday for workers earning. Less than one, hundred, thousand dollars a movement he Democrats and Republicans had opposed. This will mean bigger paychecks will working families. The president also provided some eviction protections and deferred student loans but sidestepping lawmakers could lead legal challenges over the separation of powers since Congress has the constitutional authority to control taxes and spending,
Twitter Hackers Arrested
"We have learned more about who's behind who is believed to be behind the twitter hack. And you know not some four. Powerful state-sponsored cybercrime gang, just A. we believe a seventeen year. Old Kid His name is all over the tech press. I heard you not wanting to say it on on, Mac. Breglio. So but I do have it in the show notes. To find it I mean. Yeah. You know I come from the School of journalism where you don't say the names of miners were accused of crimes, but apparently nobody else does that. So the AD the local Florida news channel. WFL talks Tim right away. They outed him as Graham Clark from Tampa Bay Florida. We. So they also. Suitably creepy, picture. Of Him. I know in fact in fact before. I reduced in size I. Actually had in the show notes. He looks a little bit like spock at so. got kind of a pointed ear. Is Little bit creepy. And, it's interesting too that his nick is Kirk. So Oh, maybe. Two Years Yeah. So Anyway the the the sad thing is this guy's life is now seriously sparked up. Yeah. He's been charged with felonies relating to computer communications and organized fraud for scamming hundreds of people using compromised account according to a press release from Hillsborough State Attorney. Andrew Warren's office. This guy Grab Clark. Now. Faces Thirty Felony Charges? So we have one count of organized fraud involving more than fifty thousand dollars, seventeen counts of communications, fraud of over three hundred dollars. One count of fraudulent use personal information. For an amount over one, hundred, thousand dollars or thirty or more victims. Ten counts of fraudulent use personal information and one count access to computer or electronic devices without authority and scheming to defraud. So in total thirty counts of felony charges, all of those felonies. So I mean I do feel like unfortunately, there's there's sort of a bit of. overreaction I, I, mean I get it that. This was not good and certainly that the law enforcement wants to send a message like don't do this even if you can Initially, the the initial announcement didn't indicate whether Clark had any partners in crime, but a few hours after the press conference announcement, the world learned that the US. DOJ had also filed charges against two other suspects believed to have helped Clark in this hack. The first of those was identified as Mason Shepherd who who's known as chair Juan nineteen years old living in Bognar Regis in the UK and the other is identified as Nima Fazackerley. Also known as Rolex twenty, two year, old residing in Orlando Florida. The US Attorney Anderson said there is a false belief within the criminal hacker community that attacks like the twitter hack can be perpetrated anonymously and without consequence today's charging announcement demonstrates thus I think an example has been meeting is being made. That, the elation of nefarious hacking into a secure environment for fun or profit will be short lived. Criminal conduct over the Internet may feel stealthy to the people who perpetrated, but there's nothing stealthy about it. In particular. He said, I want to say to would be offenders break the law Ed. We will find you please. So exactly the kind of thing hackers go. knows. That's GonNa, really scare me, I remember when I was a teenager. And in Fact Leo, did this did I? You know I was always a good kid. But oh, to be seventeen and have done Brazi network in front of me. Yeah. Yeah. Twitter early, fairly clever. Because, well, go ahead because it the way did it was kind of kind of interesting. Yeah. So for their part twitter disclosed a bit more about the nature of the attacks. They said that the that the phone based social engineering attack allowed the attackers to obtain the credentials of a limited set of employees, which then made it possible to gain access to twitter's internal. Internal Network and support tools although not all of those employees were who are initially targeted had permissions to use account management tools. The attackers you know apparently, just actually just Graham was able to use their credentials to then access twitter's internal systems and gain information about twitter's processes that expanded knowledge then enabled the attackers to target additional employees who did have access to twitter's privileged account support tools. Reuters also had reported something that I had not seen elsewhere, which was that as of Earlier. This year. More than a thousand twitter employees and contractors had access to twitter's in tools and could change user account settings in hand control over to others a thousand. And this was a key. To former twitter employees. Well as we know such widespread access makes it difficult if not impossible to defend against the sort of hacking that occurred.
One of the Biggest Tekken Tournaments of All Time Never Paid Anyone
"Well over a year ago in March of two, thousand and nineteen, a series of East sports events were held in Khobar Saudi, Arabia including. The True Gaming Tekken invitational this single tournament featured a prize of one hundred, ten thousand dollars USD, which was then the single largest prize pool in taking history for a little context, the two thousand eighteen technical tour finals at a prize pool of Twenty Five K. and Evokes Tekken Prize. Pools are even lower than that and heavy hitters from around the world came to participate. In this thing, I'm talking to likes of Don's knee Chanel. Roma. Are Slash you get the picture from a production standpoint the true gaming tech invitational grave they had an awesome stage set up the stream quality was good. The had commentator and analyst desk great camerawork was clean and in terms of the actual game play competitively, the tournament was great i. mean we saw some of the best players of all time from all around the world give us some unforgettable moments. But after all that confetti was cleaned up after the stage was dismantled in after the community's attention shifted to other events there remained one big problem. Apparently nobody paid. Now this all hit the public's attention in a big way only recently when tech master provident fighting game player and one of the invitees to the gaming tech invitational tweeted about not receiving his prize money from a different event that was organized by the same people. Now, as far as the true gaming tech invitational goes the one with one hundred, Thousand Dollar Prize Pool I talked to tech and master about it, and he said that communication between the players who are owed money in the company who produced the event true gaming hasn't exactly been productive when it comes to when how or infant if they'll get their prize after one month. A number to contact with and every time the new right it's. Like on the process of giving you the process guys. we'd be coming back to you on. Data to and every time like the guy is saying, he did not receive any funding for the first. He's promised to receive it a next month. Don't want everytime delays rate rate until. One year happened instead even. One year under half extra. Here's the thing though true gaming say that they were hired just to produce the event and that the prize money has nothing to do with them at all I managed to get in contact with a guy named a Med almost STAFA. Who is the head of business development at true gaming and he says that the true gaming tech invitatinal took place within a larger event called. Gamers con. He told me that the owner operator of that event, a company called. Tail Events Exhibitions Management Co is responsible for the prize money we correspond over email about it and let me read to you what he told me quote true gaming's role in the event was to operate the competitions and gaming centered activities that have relied on our gaming industry knowledge and know-how. Our team has been contacted by the winners and his forwarded their grievances to k all A and have shared all contact information directly Takeo so that there is a direct. Line of communication and no delay caused by layered communications in the later email he also told me quote we've tried to finalize this matter on numerous occasions. We were even under the impression that it was going to conclude a sooner time and we are completely taken aback by how all have. Let this drag on for so long and quote worth noting here that shortly after I got in contact with gaming, they released a public statement about the matter that was. Very much in line with what they told me privately as far as this K- All events exhibitions management company goes that's where the trail goes a little cold for me I tried calling them with a number on their website and for me it didn't work I tried tweeting out I've emailed them and I tried to use a contact form on their website that is broken apparently so far as of the filming of this video I haven't heard anything back from them. Hubbert. Ladies Tom. Blood I can mean a look at a High Horse Shukran your call cannot be completed as dialed. Please make sure you enter the correct number. It's probably also worth noting here that there were a bunch of other invitational tournaments that took place on the same weekend within this gamers con that we're all organized by true gaming there was rocket league invitational. There was a beep invitation on their Mash Bros invitation and like I said, they were all organized by true gaming who seem to be a company who do everything from eastport centric youtube videos to mainstream game reviews to event production. Now, let's just back up for a quick second. Because there are other entities involved in this issue beyond just the players true gaming and this K- All events and Exhibitions Management Company, and I'm talking about agencies for the Saudi Arabian government see according to Tech and master about six months after the event when it became clear that they weren't going to get their prize money anytime soon, a lot of deep participants in the gaming, Tech. Invitational. Got Together an organized to try to figure out what their next steps they went to a guy who goes by the tag burke came and he contacted to Saudi Arabian government agencies namely, the General Entertainment Authority in Saudi Arabia and more pointedly. The Saudi Arabian Federation for Electric Intellectual Sports see the true gaming invitational had to be sanctioned by these bodies in order to put on their event in the first place and as to who this Berkane guy is. He is a Saudi Arabian eastport seen community leader and individual player manager who has served as a sort of go between between the players, the T os, and the government agencies that oversee East sports in Saudi Arabia and he told me that he's been in contact with those government agencies and they are actively investigating this situation. As we speak I have conducted the federation on behalf of some of the players and they. Did investigate the issue and I believe they have officially contacted all the parties involved in this case on soon, they would return resolve at least from where I'm sitting it's not going to be easy to figure out who's actually on the hook for this money according to Tech Master Burt. CAIN and some other folks I spoke to nobody actually signed any kind of contract or documentation that stipulated how when or I guess technically even if they would get paid out this prize money according to Burke Cain East sports in Saudi Arabia is still very much in a phase where contracts are not the standard sports itself and Saudi is still new. and. It started based on community efforts where almost everything was based on trust. That moved along when he sports stuff to grow on many companies started to throw big huge ovens. Everyone trusts what's being advertised after all the low in Saudi will hold you accountable for what you advertise. Let's say trust is what? being practiced here in Saudi I do believe that should change and perhaps tap. Last year will rise the awareness in the community
"one hundred thousand dollars" Discussed on WEEI
"Pays? One hundred thousand dollars. One hundred thousand dollars. So the person took this ticket which they're in for eight hundred bucks on this ticket. Okay. Eight hundred dollars on this ticket the wage related December. And they sold this ticket for twenty thousand dollars on props while. So they turned eight hundred dollar investment into twenty thousand dollars. That's really good. Yeah. I don't have an issue with that at all. If you were in their shoes, and you get twenty K for your eight hundred dollar wager. You do that right? Absolutely. For sure that's that's eighty K. You're leaving on the table though wins. Yeah, I understand. But you go from a high wager gamble to assure thing, you know, yet money, I have birdie bird in the hand were exactly what it is. You know, twenty thousand birds in the hand worth one hundred thousand birds in the Bush, exactly the modern saying of it. I probably would have just held onto this ticket. And then sort of hedge my bets, you know. Because if I have eight hundred dollar ticket on Texas Tech, I could go load up on Michigan state and what up on them enough to make my dollars back. And then if Texas Tech wins, then I can load up whoever they play in the national championship to make back. My Michigan state investment m I eight hundred dollars. And so then I make and then put a little extra on it for some profit. Yeah. But saying it's Texas Tech versus Virginia and the national championship how much money are you going to have to put on Virginia at that point? To have a nice sizable winnings. So to make back your eight hundred bucks right now. I'm glad you asked us because now I gotta get into the math of this thing. All right and science, not our friend on this show. Math also, not really, our friend. We're very anti-scientific. I would say I would say kind of you know, maybe just an acquaintance math. All right..
"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 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 KQED Radio
"One hundred thousand dollars an additional twelve percent earning between one hundred and two hundred thousand dollars that means more than half a black America is either on the edge of being. Middle class or solidly in it. And beyond it, but he doesn't plug into that notion of people have sacrificed people have been in the vineyards working hard to allow this to occur. Instead, he focuses I think quite intentionally on the dysfunction, the chaos in poor black communities and uses that disturb fear and division in the white community. But to your point remember, it's the case that blacks are about thirteen percent of the population. One of another big change in my lifetime has been that Latinos are now a larger group then sixteen to seventeen percent of the population, Asians, the fastest growing segment of that minority population seven to eight percent. So you start to see that the country is on track to become more diverse. More of a multicultural experience in the United States. And what Trump is doing. I think like with the make America great again hat. He's harkening back in time. When there was a very. The whole notion of what blacks were happy to be to live in segregated lesser lives. Right. Women were happy to remain in their place, and nobody was going to complain. That's that's his America. And sometimes I think the nineteen forties. If not the nineteen. But that's not where we're going. This is to me almost like a spasm, like a reaction from people who say the changes coming too fast. I'm not comfortable, and it's so easy to define the other as responsible for whatever difficulties are occurring, especially in these difficult economic times when you have greater income inequality in the country, and when you have segments of the country being left behind I had a piece in the chronicle this past weekend in which I talk about how Trump says, oh anytime he's charged with anything racist. He says look at the black unemployment rate, it's low at a historic low rate. He doesn't mention that. It's overwhelming like that ninety percent of this reduction occurred under President Obama. He then goes on and says, you know, what are you complaining about, you know, it's just like. But in fact, in fact, what you see is that where we have economic growth at the moment aren't industries like coal mining manufacturing oil. He is helping dying economies, basically. And in mostly in small towns and rural areas, not where the concentrations of minorities are in the country and not in industries that are growing. So we're not in industries like tech, not we're not we're not talking about retail. We're not talking about education. We're not talking about public service even government and the need for government program. So to me again, he is a guy who is hearkening to the pass to America's past and part of that is a very racist. I think twenty six you basically use the phrase that I've used on this very platform trying to explain to people what I Trump represented, but you. The first person I've seen in writing who says it..
"one hundred thousand dollars" Discussed on KSFO-AM
"Well, let's talk to tax attorney Steve Moskowitz right now, it's six forty two or live with Steve. Good morning. Steve. I wanna talk to you about the tax planning and estate planning because our listeners need to know that is a part of the services you offer, correct? Absolutely. So much that can be done, especially with the congress favorite child of real estate. This is a common situation the bay area. Couple who has. The house years many years ago one hundred thousand dollars and now the house is worth five million. And the house is too big. And the kids are gone, and they they like to move someplace else, but they also don't want to pay that capital gain. What can we do? What are things they can do is something called the charitable remainder trust. Then with that. What you do is you essentially give the house to charity. Maturity pays you an income stream back for the rest of your life. And because the charity doesn't pay the capital gains taxes, you actually get that more money. And if you sold it yourself. Capital gains taxes, and then went ahead and invested it. That's just one of many things for you. So you know, what I I don't wanna do that. I wanna stay in my house the rest of my life. But when I go, and my spouse goes, I want to go ahead and give the house to the charity. You get a tax deduction. White now physically you're the same. You're in the house because you get a big tax deduction right now. I could go on and on. But I know there's other things you're doing your show. Because you do get fired up about this. And I'm fired up, by the way, I'm going to be in your office later this morning. I'm going to be meeting with your team regarding some issues involving. Tax planning, and I'm really excited about that. So I'll be seeing you know, doubt later this morning, Steve we're looking forward to it. Let's go ahead and get the phone number out.
"one hundred thousand dollars" Discussed on The Adam and Dr. Drew Show
"For one hundred thousand dollars i did some show that when we host like domestic showdown or something like that the best show i remember this show i remember saying hey listen whoever wins this thing that i'm hosting we need gimmick an escalade cadillac ask things out a role with the big blow on it or something and they're like and i just kept going around these guys are smart making it they're gonna compete for hundred thousand dollars we got to the day where they went and had a makita cordless rollers spray painted gold and like mounted onto a piece of mahogany here and i'm like this the cheapest or yeah we know it looks bad and i'm like remember eight weeks ago we had that whole conversation about how bad it was gonna look we didn't have of on they're like yeah well here we are but not making it hundred for real money thousand somalians it'll be the funniest crafting competition on tv i have no idea where the cimoli came from but gary look it up anyway let's not mr premiere hosted by poland nick offerman after america's got talent tuesday july thirty first on nbc all right what do you got up there four all right let's see okay doug thirty six akron do what's happening it's going on yeah did you have a joke counter on the mtv levin show bigly remember back in dry to choke counter different things yeah no yeah you had to count one time beverage suspended in the air for a while digital also at one that had dust dot member you pull out before they made that one i don't remember i i remember making that joke but i couldn't remember what was sort of a flip of flip thing with a couple of those on version but yeah drew he get his one a lot of joke for the year and it was a real joke and sometimes you use it to earlier in the run stuff that could i remember wondering if i just made that up or actually happen yeah it was a joke code they called it never joke tote isn't they call all right call it that yeah some mold and then down and yeah hold on how would you spell some mouland's i have no idea well how would you that's why i said everything this a m otis i didn't say how do you i said how would you ono some olien i go aso am oh l already to s m o s ns urban dictionary dictionary has s a m o l i n okay as money just means buddy no urban dictionary tamala jerry anything give me a moment they go spelled anyway you can look up just two small entomology now we're we're we oh it's doug drop off now he was going on i was going on she's still on how's it going yeah okay sorry but thanks and yes i remember that i haven't thought about that in a long time his brother using only donner eric thirty to wisconsin yeah thanks for taking my call i'm just having a little bit of an issue i have an older brother i'm the youngest three and for years now my brother has been using my older niece as babysitters he's gotta live the nightlife and my mother my mother he's married as well than married actually together with his wife since they were eighteen and fifteen and what it all what is the wife she didn't she leaves her children alone with a underage child yeah yeah and they go into the ours together and then they also you know they'll come home late very late how old is the oldest child she's she just turned sixteen in march okay so can we report the by her way what's very late probably wrapping up a night at five in the morning oh that's late so where are you wisconsin you can wrap it up at five in the morning at a bar yeah we got third shift bars you know they're open you know the reason i say this is used to babysit frequently when i was twelve thirteen fourteen like as young babysit my neighbor and kids reading ronnie this railing kids up the street bubba blonde you know sometimes they'd come home late but it would be like twelve or maybe twelve thirty or something can you do that anymore legally i don't know a look six i would be fine with a sixteen year old responsible watching my kids but the fact that they're coming home first off this isn't we're going to movie going.
"one hundred thousand dollars" Discussed on The Dan Patrick Show
"Over one hundred thousand dollars well you know one of the big things the whole sports world is influenced by hannah lyrics and stats and the beyer speed figures are one of the real base stats and olympic stats that people reference talk about and it's in the daily racing for him so people looking them all the time so i guess that's why the beyer speed figures and not the patrick speech yes you you don't want that is there but but have we broken it down it feels like every other sport we've really broken it down with the analytics certainly baseball is horse racing there yet i know that they've been more numbers driven than any other sport probably trying to break this down but is there a breakthrough there there are more there's a lot of grass and different things i've come across just in the last year of really getting two years now really get involved in this more people do more analytics if you really pulled back when you look at the racing for it's such an art to re learn how to read the racing form and i hope if if you are involved in sports at all you've taught your kid how to read the form because it is pretty neat there's so much analytics stats baked into their it probably was an early driver of such but i think now the lay over that the depth of understanding tracking sires mayors and the reading process on top of it a sport that really had a great basin analytics is adding to the modern sensibility you know dan at my alma mater at syracuse there's a school sport management it's named after david falk was the give the giver for an going on the school in that school there's no major in sport analytics so you can now major magic.
"one hundred thousand dollars" Discussed on KOMO
"If in the don january first of two thousand you went into the new decade the new millennium as some said but it wasn't till two thousand one really you went in with one hundred thousand dollars in your portfolio at the end of exactly ten years december thirty first two thousand nine your ten thousand dollar portfolio after reinvestment of dividends that whole time by the way gotta put the money back in yet was worth ninety one thousand dollars they said ten thousand to ninety one hundred hundred thousand to ninety thousand hundred thousand became ninety one thousand dollars if you instead invested globally same exact period one hundred thousand dollars small large have national docs didn't have i didn't have to do a daren't they just set there during that miserable ten years everybody was telling you to get out of the market too by the way in two thousand and two thousand one and two thousand eight you had the tune all that out because it was out there every just sat there at the end of ten years you had one hundred ninety four thousand dollars wow now that's a significant difference that is a almost a one hundred no it is it's it's a one thousand dollar difference and yet so few of you i know so few of you and i will say this because as you know don i look at two or three portfolios a week from people to walk in the door and he's the ceo data a lot of them they think that they laughing i'm only laughing because it's true they for the most part you believe your diversified by being in the s and p five hundred if there's nothing more powerful than that decade you just gave us to say maybe i should look international stocks i don't know it'll change your mind i really have no idea again the differences you invested globally and you had some small and value versus having just large company us stocks and you would have had twice as much money over twice as much money doing nothing doing nothing eight five five.
"one hundred thousand dollars" Discussed on WCBM 680 AM
"Can get more out of what you've got you don't need to be a millionaire to make more money than a millionaire because the millionaires that have their money making you know two three four five percent aren't really getting that much out of their assets you know if you can have one hundred thousand dollars and be having multiple strategies generally double and triple digit returns then you can make a lot more money than a millionaire that sitting back doing passive investing and part of this just owning the fact that as someone actively involved with your success someone actively involved with your income you're going to do a lot better than if you were relying on someone else you're gonna do a lot better than if you're waiting for someone to bail you out because one of these we know the government has been clear you are on your own and you can choose to be a victim of that and lament that and complain about it or you can seize the opportunity and say yeah i am on my own i need to get myself educated i need to get myself trained so that i can put my full energy into realizing the great opportunities there are around me and when when you wrap your brain around that then you can start seeing the possibilities as a do it yourself investor where we can start taking actions that are going to provide not just for you and your family but for your future and you may be able to start taking strategies that can impact future generations since a part of the plan to not pay taxes event on friday april six is i'm gonna kind of lay out some of the strategies that you can use to really provide for your family and and basically your best estate planning tool right now is what we're going to talk about it the plan to not pay taxes program and so go to trading academy dot com slash baltimore go to the schedule get yourself registered for that friday april sixth but also to you know for those who.
"one hundred thousand dollars" Discussed on WTMA
"Facilities when i noticed this article in the baltimore sun about hiring losses up to one hundred thousand dollars to pay kids due to this protest in washington dc and it seems to me this is government employees government facility on my dime advocating against the constitution the second amendment which seems to me to be a conflict of interest if not unconstitutional saying how a teacher can't even have a bible on their desks let alone a coach voluntarily praying with their students because they might influence them some way you know article that go ahead go this article it actually says in a different school district or different time it might be regarded as inappropriate use of tax dollars to support what is essentially a political protest right yeah there's no doubt and and and thank you we appreciate the call and some great points there you know when i looked at this because there were there were in in some of the various walkouts across the country that have happened already there were school administrators that were saying if you walk out you're going to be expelled and in this one you know you're seeing it in many areas not in all areas you're seeing in many areas the the endorsement of this kind of behavior and so the banks you wonder okay what does it what does the school system to do we'll talk more about this in just a moment here's your forecast where continuing to watch snowfall in the northeast fair to say we'll be north of the pennsylvania turnpike today but up along i ninety from cleveland into the lake erie area up in through lake ontario we will see lake effect snow all the way through albany and up through maine on portions of i ninety and i eighty one in the area as that coastal low continues to cause problems including coastal.
"one hundred thousand dollars" Discussed on Double Toasted
"The truth to tanzania's the only one hundred thousand dollars secondly for them lover people and it was just for the i think there was only like twenty took the cap resolving so it wasn't awful lot on during an oscar oh yeah oh man who what his speech and publicity refer israel had speech earned gabriel they've gary old a little more never told anybody you will senior riches and and you grow up and i'm todd we we're like oh my sis the only thing i am fell could georgia now i'm sure one thing at least one england correct practically i liked the way the chad's putting this look good that but it's not that bad i got the do get out get out i will favour one right here is simply shut up bro be back there's always going to be a part of me that's got a leg the chance to tomba got dale man oh jen go ahead and put it over on the show seems happening what is the matter with you heat how many more we got just to our live picture of the earned director ridwan and we got direct wellendorsed europe it oh actress think actress and picture and hooked you okay this is actress right now henson why are the whole carl's women you cruising down in the circulatory tel aviv learned he is gonna be margo aerobic to okay his joseph out the here and i imagine france's arnaud reminding his playbook can i keep central glue france why president gorman.
"one hundred thousand dollars" Discussed on Shareable
"One of the things that especially companies like cisco they have been really good at doing is that you actually take it upon yourself to gather market insights and you you gather industry insights and you try to show some customers you know what mr customer or miss customer you're spending now one hundred thousand dollars on marketing and here's where your business is at today heat is what other people are doing his home watch big gird their business as we think that might be an opportunity if we shifted our thought process in terms of what of market how would approaching all market the services that we offer and you need to step back and take a look again at marketing and see how can marketing really helps expand that you know our views on what's the market what we can serve in how can we service that market and then we can come back and say how do we start working now in order to create that perception on customers because because geo point the customer its themselves may stock treaty sort of positioning you in that bucket in their own mind that that's that's if you're doing like found five hundred thousand dollars worth of business with them they would basically walk around thinking that's when you what you need to stay as well unless you can have a conversation with them and we can call it envisioning or vision nearing conversation where you really getting them to think about their own business in a different way and now you're not talking about your products and services really talking about their business what's happening in the industry and some of the insights they were able to observe and really come back and just have a conversation even make it make it sound like it's a very cursory conversation where the customer will then say.
"one hundred thousand dollars" Discussed on WTMJ 620
"The tax deferred so if you make one hundred thousand dollars that twenty let's say you put in twenty four thousand dollars the eighteen plus the six patch up that that twenty four thousand dollars you are not tax thought that right away so it gives you an incentive to do it all and then when you withdraw the money later on you end up having to pay the taxes of the money you with fraud on the plan that some republicans are floating with eliminate that up front tax break you could still have 401 case but just like the way roth 401 case operate you pay taxes up front and then when you take the money out ten fifteen twenty thirty years from now then you end up um you don't have to pay taxes ever again but you don't get that upfront deduction if you take away in my opinion that upfront deduction you are going to discuss rich millions of americans who desperately need to save for their retirement you're going to discourage them from doing exactly that i have nothing against the awad 401 taste of the roth ira as if you don't mind paying the taxes up front that that's fine do it then the money grows taxfree that that's a that's a great deal but but the point is for a lot of people who are trying who can't understand or kit see retirement to begin with and don't see the benefits were can't figure out why or how they should be saving little money you take away that tax deferral advantage upfront they're just going to stop contributing and then they're going to be any the worst mess than they already are when they hit retirement one four seven nine nine one six twenty is the number let's talk to mark and find lack marker at 620 wtmj good morning i agree rick i've gotta oral one area got iraq also portland oregon trump uh by i think people young people that are going to lose out they're going to.
"one hundred thousand dollars" Discussed on KHNR 690AM
"Money wisely now can put you in a more secure financial position in retirement charlie and i are not tax her estate planning attorneys but there is some basic information we can share that will be helpful to regarding planning for all of this the ages of life including longlife shortlife rough life sick wife and when you finally move into the next life so charlie should you have a living trust a lot of people should if you've acquired significant assets over time you may wonder if you need a living trust in addition to your will the basic rule of thumb is do you own a home or you know have more than one hundred thousand dollars of assets the reality is that a living trust to be a useful planning tool however you should be certain that you understand what it can and can't accomplish before he decided to make one part of your estate plan so let's talk about it would is a living well a living will is simply a legal arrangement ucr while you're alive in the trust agreement you give someone that is the trust the the responsibility for managing the property you place in the trust according to the directions you provide you also name one or more people as beneficiaries to receive income or principle from the trust and typically a living trust is revolt 'able that means you can alter it at the end or in terms anytime time you change your mind later on you won't have to give up control over the trust property if you name yourself as the initial trust the or coach rusty and beneficiary now what a trust cando steve if you were no longer able to manage the trust properly yourself your coach trust the or a successor trust could simply take over for you this could be very helpful in the event that you became seriously ill or disabled as many people do towards the end of their lives property held in a living trust usually doesn't have to go through probate it's simply continues to be managed to distributed according.
"one hundred thousand dollars" Discussed on KSFO-AM
"I connecticut pain crowned aitken destination eric von secca at one hundred thousand dollars that trump um gave k our education system maybe they could go to the democrats and damn straight on of guests can trade and what trump is then baird it gave you get a billionaire he didn't need many he didn't need the job he way here uh but it can create it's going down the drain when you got greedy democrat fit all if they care about eight many greed and power cuts i care about they don't care about jobs any of the important bank at all about them kauai now edged the money that i make every every day a work hard in my paying for all the investigation into an er you're yes you're you're you're you're an ira and and i wanna work every day for that i'm going to work every day to improve guest country in to get jobs can be weighed look like a laughing stock everybody out look at they are they're open air fighting among qin xiao gear trying to cake trump down i would i would fire every democrat in that hole while courthouse wall of of course you would but the system daily in that way you you don't get to fire the democrats and neither do i gotta ask the f you try hard enough you can try and fire your veterans of local representative ryan if you wish to fire than they do at work for you but of course that's a fixed that's give it a titles let vertebrate remember melinda that's from your point of view there are hundreds of millions of americans of believed that trump is hitler let's just the reality when you have fifty nine percent that that will by anything that will by complete delusion that the russians actually change the votes in.
"one hundred thousand dollars" Discussed on KOIL
"You upgraded what was there and they certainly made the loan over what was there before so shouldn't be a problem sarah is with us in miami hi sarah how are you i am and a phone call sure what's up hello a poem on on crying living on one hundred thousand dollars and i'm on a employed don't bother with no pammy and it there oh my heart the kreindler owner a condo hi cleaning part looking at a home from the weather a harbor better back a a better and anything that i know we're kind of on a bubble on earth finding i don't like our own hair unfair no you need to continue to gather information and slow down a little bit there's nothing if there's nothing pushing you nobody is on your hair's not on fire your fine go with the speed that you can gather information the the smarter you are about this the more information you have the more comfortable the decision is going to be and so one of the nature one of the things you did would you made a call called me today okay so you're going to get some information there but that's not your stop that's not the last piece of information you will gather so get with a good real through that you can ask these same guentzel questions do and go okay wisest lincoln nho way so high over here and um you know what what wine the world would they have a choice payment this high on a condo like this and then they dig into you can dig into the budget and find out that the ha was poorly managed in they're trying to make up ground on your back and so you know you may have a situation like that our special assessment may be due because he ho is poorly managed that's not that unusual sadly in so you really want to get into the health of the financial health of the ha away if you're going into a condo uh and uh but i mean you got five hundred and forty thousand dollars access to it between mutual funds and and money markets so yeah you need to pay cash for the house uh as far as your question of house versus condo all things being equal there's.
"one hundred thousand dollars" Discussed on KTTH 770AM
"It was on the spread this morning see scaramucci was always going to attract the kind of the anti trump crowd they were they were ready to go and the story of the day which i saw a national review was that scaramucci paid one hundred thousand dollars to be in wall street to did you see that i was a true always being circulated all of it and they showed his little kenya he was on for like five seconds and it said scaramucci paid one hundred thousand dollars to appear in wall street to the film and dan you dig deep in you look at it and he didn't pay for himself to be paid for his company's logo it it's product placement companies do it all the time which is also so funny here that i like this the kinda got malaysia's he's iconic at my company name in this movie with a bilked people out of my you exactly but it wasn't exactly you know pay for play like put me in the movie a bureau he was doing what you do when you have a company he got his logo and yet you understand they they had gone into dig up every piece of dirt imaginable that they could on the guy yeah and that's how they play exactly let's take michael in middletown connecticut i think michael wants to talk about the third party michael what's that third party gotta look like well i don't think i'd going coffers while congrats on the show when the and also what would cave first on the republicans aren't democratic you've got going to be the republicans and democrats i consider to be a call you today eight who gather and that's the one thing that republicans don't do but uh like i would say as far i was getting a third party and there and i'm a complete end up i'm dave i don't think it's ever going to happen problem i mean i hate to say i rode accross about about.