29 Burst results for "Seventeen Hundred Dollars"
Singer Pink Backs Beach Handball Team on 'Sexist' Clothing
"Singer pink has offered to pay a fine given to the Norwegian female beach handball team for wearing shorts instead of bikini bottoms and competition I marquees are littered with the latest he says she's very proud of the women of the Norwegian handball team for wearing shorts like the men do at the European beach handball championships in Bulgaria last week the team was fined about seventeen hundred dollars for violating the rules on clothing the European handball federation says it will donate the fine paid by the Norwegian handball federation to a women's sports foundation meanwhile the international Olympic committee has issued new guidelines to broadcasters for the games in Tokyo urging them to focus less on looks body parts and wardrobes slips and more on athletics
From $33k in Debt to $100k+ in Net Worth Through House Hacking & Smart Saving with Budget Girl
"Sarah. Welcome back to the show. I'm so excited to see you again. Thank you so much. I'm so thrilled to be here. Tell us what you've been up to the last three years. I believe in three years since i last spoke with you like on online. I've spoken to offline. Yes so last time i was on the show i had just paid off thirty three thousand dollars student loan debt on an average thirty thousand dollar income. I started at twenty six. And since then i have Saved a bunch of money and now have an over one hundred thousand dollar net worth and i am the owner of a duplex ashley. Hundred thousand air over here and if you haven't mentioned this earlier but if you haven't already go back and listen to episode six because it's just incredible i mean it's it's not the most debt we've heard paid off in the show but it's the most debt we've paid off her had seen paid off in the shortest amount of time relative to the income level that you had it's truly remarkable impressive feat and no surprises that you're becoming wealthy a few years later with the after after achieving that thank you it is. It's a lot more fun to build up the wealthy to pay off the debt. I'll tell you that and a lot faster too. That's really fun. Just grow compound. Interest is working for you or against you. Can you tell us a little bit about Just to catch up on the money story before we get into the review. You come a little bit of catch-up on the duplex potentially or any other highlights of the journey of the last three years. Yes so The duplex purchase. I actually have only had for ten months. So i bought it right when the pandemic started my i was wrenching and i was saving up for a property. 'cause i knew i wanted to do multifamily and i found the perfect place after shopping for a year. Right is the world went to hell so it came to the at a very good time because my rental apartment was actually going to increase three hundred dollars a month and so i started really seriously thinking like if i find the deal that where the numbers work. Let's go ahead and do this. So it was a two hundred thirty thousand dollar property in college station texas and it has three bedroom two bath on each side little backyard little three parking spots freeze unit very cute little things in a little subdivision near the campus texas a and m university campus in the direction that the campus is growing. So i very much anticipate that that will increase in value. And it already has. It's actually already to fifty after ten months. 'cause i just replied oh right i would point out that somebody else on this call also purchased in the path of progress and that would be scott not me because we have different investment styles but that is a really great thing that i think some people don't realize or take into account if the path of progress is going north. You did to be looking north. Because those are where the properties are going to appreciate at a faster rate than the potential path of progress than outside the potential path progress that nothing's guaranteed scott. Had a really great way to choose his property to and it was smack in the path of progress yeah parallel also my properties with two hundred and forty thousand dollars a very similar type of deal for us and even our cabinets are the same assault on instagram. Yeah the same exact cabinets that by my head but let me ask you. This is your property located what he said a path of progress in the best area. You could be living in right now if you were to purchase anywhere in the In a thirty mile radius not even close. But it's also not in the worst it's kind of a medium area. There's some older homes nearby and there's also a they just built like a walmart and a shopping center there and but more importantly texas owns so much of the surrounding area and they keep building in that direction. And i mean the university plans are on the website for free. You can go look at them and that like they're planning on growing in that direction so i could be just like a spit from one of their like giant new enormous buildings and a couple of years. Awesome in my understanding. Is your house hacking this. Yes so i am renting outside a i. Actually originally i inherited a hud tenant who is paying ten fifty a month. Her lease ended at the end of february. I m doing some fix ups on the project this month in march and i have a new tenant moving in april at twelve fifty a month also and i understand that you're crowd sourcing feedback on your remodel on instagram. So you can follow her at go budget girl and she really wants more opinions on how what color. She should paint the kitchen cabinets. A second. is that right. Oh definitely and the other parts of the house hacking of course is i actually so i have renters on a i live in but my boyfriend also lives with me and i charged him five hundred dollars a month in rent because nobody sugar mama i was. I was gonna say how did that him. That's still a good deal right. That's less than the other half the other side so like it's a three bedroom unit so we have an office and we share a bedroom. He has a lease that i worked for him. And we've both side with you know contingencies for things. It might happen. He didn't have a deposit he doesn't have pet rent and he essentially gets way more space than he would anywhere else in town for that price and due to that he's helping me with the a unit right now. He was mopping yesterday. While i was at work all right perfect it works out. But i'm glad there's the conversation and what's your mortgage payment on this It was originally just under seventeen hundred dollars a month. So i was paying one hundred fifty dollars a month out of pocket and but just reside and i was able to go down almost a whole point so my new mortgage is going to be fifteen sixty four so just under sixteen hundred so i'm going to be making one hundred dollars a month. That's fantastic. And so why did you refi. Generally it was it was it because of the Interest mostly or was there like pm. Is that you're able to shed or what were some of the things around that. Unfortunately i wasn't able to shed. Pm i quite yet. But i saw that interest rates were dropping. I was pleased with my rate. Got a three point six five right around the time that everything was going down and then it bumped up a little bit and i did. Fha loan so. I only put three point five percent down. Even though the property appraised for tenure. And more than i paid and even though it's now worth tango and more than that i'm still not quite to the level where i can shave off the pm. I but that's one hundred fifty dollars a month. And i find that to be worth it.
Should You Create a Photography Budget?
"After the first week of shooting with the Nikon Z. Five near camera with twenty four to fifty millimeter compact Zoom Lens and compacted is for a full frame. I started asking myself where can I reasonably come up with the seventeen hundred dollars to buy this kit? And you may recall that I talked about this camera a few weeks ago on the podcast and I really liked it i. did I was so impressed with the images that does making from the eastern Sierra and Lake Tahoe with this camera than I thought man, this would be good to have access to all the time. All the time. You know it's not too heavy. The compact twenty, four to fifty millimeter lens was performing really beyond my expectations. And I already have lots of Nikon glass that I could use with an adapter. I don't have the Z. Mount Glass. I would just have the twenty four fifty if I bought the kit. But I have all sorts of F mount stuff I have g lenses and I could get their adapter in use all of that with this camera. So I was very very tempted. Full frame cameras that had shot with in a long time that not only did I like the camera itself not only I enjoy shooting with it. I loved the images and I felt like it was a manageable camera to have with me when I'm hiking and doing things outdoors. So now, we fast forward three weeks later. And I'm boxing up the Nikon's e five in attaching the shipping label to return it to be an H. Photo who had let me use it for a month of for review purposes. So by this point I was okay sending it back. I didn't want to but it was the right decision. So I went from you know that first week just really being infatuated with it wanting to hang onto it. I still want to hang onto it but over the course of the next three weeks, I got to the point to where I can send it back. You know pretty much like I was supposed to. So, how did I get from Point A to point B right? Now I can look you straight in the Mike in say I'm okay. Sending it back. I really have. Here's how. Because, that seventeen hundred dollars plus probably another four hundred dollars for accessories and especially, I was GonNa need you know the adapter? So I could use my f Mount Lenses. That was not in my twenty twenty photography budget. In fact, you know we're only in October and I have less than seven hundred dollars left to spend. So back to New York the Z five goes now that wasn't the only factor in I'll. I'll explain a little bit more about that, but it was definitely a factor. You know I have done my budget ahead of time I do it about this time of year for the next year. I have made some very good purchases that I'm in love with. And seven hundred dollars left and Z five just doesn't fit in that tiny little window of seven hundred dollars doesn't even come close. So the funny thing is even though. On one level I hate them I'm a big Fan of budgets right? You know. I guess it is the ultimate love hate relationship. You Know I. Have An overall budget for the business you know and I run that monthly and that's for the. Business and then I have a breakout budget specially forget and that's more what I'm talking about today. And then I create budgets for trips as well. Well, at least I did until about six months ago. And I haven't created any of those lately at all I wonder why wonder why? I do the photography budget because it protects me from me I know how easily a new camera or a new land can turn my head I. Know that about me I do. So easily in fact, that I usually have to create a pros and cons list in addition to a budget to reach a sound decision I'll give you some examples earlier this year. I wanted to by the OEM D one mark three, right I had had it on loan I loved shooting with it. You know I went to Costa Rica with it. I had it with me in Costa Rica along with some lenses. and. I was truly impressed with this camera and I'm already shooting Olympus. It was eighteen hundred dollars then when I when I first resisted and now even worse for me, you can get one for fourteen hundred dollars. You can get the M one mark three for fourteen hundred dollars. That is a good value. I'm telling you right now. But you know that's still twice as much as my remaining senator dollars in my budget to tell you the truth. This is where the pros and cons comes in as well. I really can't justify it because my mark to is still an amazing camera that thing has been producing great images for such a long continues to do so.
3 Awesome Senior Savings Top Tips
"Well, what are the many benefits of being the father of five? Wonderful Beautiful Smart. Daughters yes. I. Have Five daughters is that they are very savvy when it comes to what's going on the Internet. And they tell me Oh dad you gotTA. Do this dad you've got gotta do that try this try that. And I'm thinking okay, enough's enough. You guys know everything. I. Don't know anything. But it's come to the point where. They were right in some cases. Of course, I don't tell them that hope that I listen to this podcast. But they turned me onto a couple of things that have really been a lifesaver for me and my wife. When it comes to running all over. Town trying to get this and trying to get that. And also I also assume that everybody knows about this stuff but me because I don't. I just don't read the Internet like the young people do. So they turn out to a few things. And don't worry I'm GonNa have this in the show notes down below. So you don't have to worry about that. I'll have links to these sites so that it's easy for you to just go on there and find out for yourself. But I can tell you it made my life so much more enjoyable. stress-free. Don't have to leave the house to go get different things. And saved a ton of money. So not endorsed by the way, I am not endorsing any of these services but I can tell you that I use them. So if you can try it out and see if it works for you. Let's start with the first one. If you've not heard that you can get your deliver your groceries delivered for free. Now a lot of the grocery stores will now deliver your groceries not only will they deliver them? They'll shop for them you go online. You tell them what you want I want nine bananas, three heads of Broccoli and five. Granny Smith apples in two gallons of milk. And they will have a shopper in the store. That will go get that, and in some cases, you can either pick it up. which I don't do or they delivered. And there are delivery services that do that for you. There's probably a dozen or so. Probably one of the biggest ones this. Again I didn't believe that this would work I didn't like the idea of this whole thing. People buy my groceries picking out my bananas or whatever may be but I was amazed when I tried it there's a fee for it I. think it's nine dollars and ninety nine cents a month or a hundred dollars for the whole year whatever. But you know how we go to the grocery store, the pharmacy or Costco or SAM's Club wherever. We go in there for four things we come out with forty, right Happens to me every time. So. Yes. I do pay ten dollars a month whatever it is for unlimited number of deliveries to my home. It's well worth it. It's saved me more than ten dollars a month. So instant card is one of the more popular ones I know there are some regional ones. There are some local ones I encourage you to use local if you can. It's always good to help out our local businesses. regional businesses but I'll put a link down below to the INSTA- cart. Website and you can check it out for yourself and see if it works for you. Now the other area that I want to help you save some money on is in pharmaceuticals or prescription drugs. It can I assume everybody knows this if I know what I assume everybody else does but He was talking to a client yesterday. These people are extremely wealthy. And I thought they knew about this stuff they didn't know about INSTA- car first of all the lady was absolutely amazed about heart. She said, really, how can I sign up I center link instantly she signed up instantly and I think today she's already got a delivery come to her house This is very important because this woman. She's sixty six years old. She's extremely mobile capable. Every sharp lady however, her husband has a very serious the. Diagnosis ends in a wheelchair. So you know for her to go to the grocery store by herself. Leave him alone is a problem obviously for her to bring her husband is also a problem whether he just sits in the car or not. Can you imagine what she has to go through every time if she needs a gallon milk or runs out of paper towels? To nightmare, she was amazed about what instagram would do. But she also didn't know. About some of the pharmaceutical savings that I showed her. Now her husband again, I'll use him in particular. He takes medication that seventeen hundred and twenty two dollars a month. With insurance. Data very rare drug. Mentioned he's got a very serious condition. Chronic. Of course, there's no generic substitution for it at Seventeen, hundred, twenty, two dollars a month. And they have Medicare and again, these people are extremely wealthy. Seventeen hundred dollars isn't a big deal for them. However, everybody wants to save some money. So. What I said to her was. Let me do some research for you. Let me find out who makes that drug. Thought out who makes the drug shirt off to that drug manufacturers website and as a coupon. For the next ninety days, he could get a ninety day supply of medication for thirty dollars. Ninety days for thirty dollars. Had I not done that she would have gone to the pharmacy and paid seventeen hundred and twenty two dollars and forty three cents. Amazing she was absolutely stunned now this manufacturer's website by the way. Some of them are income based. In some cases if your income is low enough, you just tell them your income is whatever it may. You may qualify to get the medication for free. But in this case, it didn't ask for any income questions and again, these people are very wealthy. And she was just amazed. Ninety Day supply for thirty dollars. She was very, very happy. Somebody gives you the names of a couple of. Opportunity To. Save. If you haven't heard of good Rx DOT com. I don't know why I use it. I was a skeptic at first used it. Love it, recommend it to all my clients. I have a stack of good Rx cards in my office and you don't need one. I handed out everybody that comes in you go to the doctor's offices they also hand out modest you probably see their yellow and white. Terrific, program. I don't know how they make their money, but I can tell
3 Awesome Senior Savings Top Tips
"Well, what are the many benefits of being the father of five? Wonderful Beautiful Smart. Daughters yes. I. Have Five daughters is that they are very savvy when it comes to what's going on the Internet. And they tell me Oh dad you gotTA. Do this dad you've got gotta do that try this try that. And I'm thinking okay, enough's enough. You guys know everything. I. Don't know anything. But it's come to the point where. They were right in some cases. Of course, I don't tell them that hope that I listen to this podcast. But they turned me onto a couple of things that have really been a lifesaver for me and my wife. When it comes to running all over. Town trying to get this and trying to get that. And also I also assume that everybody knows about this stuff but me because I don't. I just don't read the Internet like the young people do. So they turn out to a few things. And don't worry I'm GonNa have this in the show notes down below. So you don't have to worry about that. I'll have links to these sites so that it's easy for you to just go on there and find out for yourself. But I can tell you it made my life so much more enjoyable. stress-free. Don't have to leave the house to go get different things. And saved a ton of money. So not endorsed by the way, I am not endorsing any of these services but I can tell you that I use them. So if you can try it out and see if it works for you. Let's start with the first one. If you've not heard that you can get your deliver your groceries delivered for free. Now a lot of the grocery stores will now deliver your groceries not only will they deliver them? They'll shop for them you go online. You tell them what you want I want nine bananas, three heads of Broccoli and five. Granny Smith apples in two gallons of milk. And they will have a shopper in the store. That will go get that, and in some cases, you can either pick it up. which I don't do or they delivered. And there are delivery services that do that for you. There's probably a dozen or so. Probably one of the biggest ones this. Again I didn't believe that this would work I didn't like the idea of this whole thing. People buy my groceries picking out my bananas or whatever may be but I was amazed when I tried it there's a fee for it I. think it's nine dollars and ninety nine cents a month or a hundred dollars for the whole year whatever. But you know how we go to the grocery store, the pharmacy or Costco or SAM's Club wherever. We go in there for four things we come out with forty, right Happens to me every time. So. Yes. I do pay ten dollars a month whatever it is for unlimited number of deliveries to my home. It's well worth it. It's saved me more than ten dollars a month. So instant card is one of the more popular ones I know there are some regional ones. There are some local ones I encourage you to use local if you can. It's always good to help out our local businesses. regional businesses but I'll put a link down below to the INSTA- cart. Website and you can check it out for yourself and see if it works for you. Now the other area that I want to help you save some money on is in pharmaceuticals or prescription drugs. It can I assume everybody knows this if I know what I assume everybody else does but He was talking to a client yesterday. These people are extremely wealthy. And I thought they knew about this stuff they didn't know about INSTA- car first of all the lady was absolutely amazed about heart. She said, really, how can I sign up I center link instantly she signed up instantly and I think today she's already got a delivery come to her house This is very important because this woman. She's sixty six years old. She's extremely mobile capable. Every sharp lady however, her husband has a very serious the. Diagnosis ends in a wheelchair. So you know for her to go to the grocery store by herself. Leave him alone is a problem obviously for her to bring her husband is also a problem whether he just sits in the car or not. Can you imagine what she has to go through every time if she needs a gallon milk or runs out of paper towels? To nightmare, she was amazed about what instagram would do. But she also didn't know. About some of the pharmaceutical savings that I showed her. Now her husband again, I'll use him in particular. He takes medication that seventeen hundred and twenty two dollars a month. With insurance. Data very rare drug. Mentioned he's got a very serious condition. Chronic. Of course, there's no generic substitution for it at Seventeen, hundred, twenty, two dollars a month. And they have Medicare and again, these people are extremely wealthy. Seventeen hundred dollars isn't a big deal for them. However, everybody wants to save some money. So. What I said to her was. Let me do some research for you. Let me find out who makes that drug. Thought out who makes the drug shirt off to that drug manufacturers website and as a coupon. For the next ninety days, he could get a ninety day supply of medication for thirty dollars. Ninety days for thirty dollars. Had I not done that she would have gone to the pharmacy and paid seventeen hundred and twenty two dollars and forty three cents. Amazing she was absolutely stunned now this manufacturer's website by the way. Some of them are income based. In some cases if your income is low enough, you just tell them your income is whatever it may. You may qualify to get the medication for free. But in this case, it didn't ask for any income questions and again, these people are very wealthy. And she was just amazed. Ninety Day supply for thirty dollars. She was very, very happy.
When It Comes To New Release Showings, A Drive-In Theater Stands Alone
"Under normal Saturday a lot of us might be thinking about heading to the movies right about now but there's nothing normal about right about now and with most movie theaters closed because of the corona virus pandemic there's no where to go to see a new release on the big screen unless you happen to be in Ocala Florida kind of like the last dinosaur stand and you help that's a John white skipped owner operator of the Ocala drive in in Ocala Florida last week his theater made headlines as the only one in the country showing a new release film in fact his driving was responsible for the entire revenue of the week's top grossing movie an art house horror film called swallow it made a whopping seventeen hundred dollars at the box office never in a day thought that I would be the top in the box office but I ended the only one in the box office is not going to be the top of your only one there are other drive in theaters open around the country but they are showing classic films not new ones to stay open the Ocala driving has had to change some things to adapt to social distancing employees are wearing masks and gloves and the spaces in the parking lot are bigger now with twelve feet between vehicles basically I've lost over half of our marketing that I normally would have but we are filling up on Fridays or Saturdays unfortunately we have to turn people away what he says he has received some criticism for staying open during the pandemic but he says most of the feedback he's getting is from families who appreciate having a nice night out right about now people have to have a certain amount of mental stability they getting cabin fever everybody's gonna be getting on everybody's nerves sooner or later this gives them a break he says it reminds him of being on the Gulf coast after hurricane Katrina he says that experience taught him the value of providing some relief during a crisis anything that brought us five minutes or five hours of normal feeling and was appreciated and even though drive ins have been disappearing across the country Wesche hopes that this pandemic will remind people of what these open air theatres can offer plus he says showing movies is in his blood coming from a family is forty eight is well over a hundred years the old cliche the show must go on is not a cliche it's a way of life so the show
Fans sue MLB, teams over ticket money, ask for class action
"Two fans are suing Major League Baseball over lost ticket money all thirty teams are being sued as well one fan bought more than seventeen hundred dollars worth of New York Mets tickets another bought nine hundred dollars worth of tickets for a game at new York's Yankee Stadium because of the corona virus they want their money back all of it Ticketmaster StubHub live nation and last minute transactions are among the defendants Major League Baseball says it's awaiting government and medical direction and does not know when the season can begin the lawsuit says the defendants are retaining and Norma's profits on tickets at the expense of fans but nancial hardship I'm a Donahue
Fans sue MLB, teams over ticket money, ask for class action
"All thirty teams are being sued as well one fan bought more than seventeen hundred dollars worth of New York Mets tickets another bought nine hundred dollars worth of tickets for a game at new York's Yankee Stadium because of the corona virus they want their money back all of it Ticketmaster StubHub live nation and last minute transactions are among the defendants Major League Baseball says it's awaiting government and medical direction and does not know when the season can begin the lawsuit says the defendants are retaining and Norma's profits on tickets at the expense of fans but nancial hardship I'm a Donahue
Dow Drops 1,900 Points In 2 Days As Markets Sell Off On Fears Of Coronavirus Spread
"Please look into your finances you know the stock market was down I don't even know it must not be down too bad today because I don't I haven't seen any for news alerts yet and coming across my screens but it's down almost two thousand points in the last two days as things in the economy get worse that is companies saying I have to protect I have to lower my expectations on what we're going to make and people starting to pull their money back well where's that money going gold is now and I don't even know what high but a super high right now at a seventeen hundred dollars it was yesterday seventeen hundred dollars please consider having some shelter from the storm I'm not talking don't pull all your money out and put it in gold that's crazy ten percent five percent
UK Bookshop-Wrap UK
"A Tuesday bookstore was in a rough Britain day got at a big Peter's boost feel bookshop in business south following of London a desperate staff tweet went on Twitter Tuesday to write was a rough tumble day at weed Peter's not feel a bookshop single book south sold of London today staff zero went pounds on Twitter to we write think this tumble may be weed the first not time a ever single book owner sold John west today would zero says the pounds responses started we think pouring this may in be how the first do you explain time ever that if the store that is not has a been passion open for while more the than commodity a hundred years owner would John spur west people would says the responses started to pouring do in some how of do you that explain and customers that came if that walking is not a in passion a while live two the commodity hours away we've would just spur driven down people special to be aired once it's gone to do some of it's that gone and customers came walking in and a live two hours away so we've this just is driven just nothing down like special walking to into be aired a once it's a bookshelf gone thirteen hundred dollars it's gone worth of book orders came in overnight and Twitter followers for this Peter's is just feel nothing bookshop like walking grew into from twelve a hundred a bookshop to more thirteen than seventeen hundred dollars thousand worth of I'm book a orders Donahue came in overnight Twitter followers for Peter's feel bookshop grew from twelve hundred to more than seventeen thousand I made Donahue
"seventeen hundred dollars" Discussed on 860AM The Answer
"I said Jeremy no sick Larry Jacobson out on assignment today we are definitely gonna do that on it we've been promising on his vacation days though and I did give you a hard time in the day when I bumped into but we are super excited have Jeremy no sick out here with us and Jeremy is somebody who have spent a lot of time here with the that online trading academy and just gave us some great insight on overall market activity a lot of times we start off the show we start talking about the market volatility the big ups and big downs but Jeremy hit us with some great some great stats in that last segment which kind of blew my mind I didn't realize that it hit that we've been in the largest bull market since World War two I think that when you do when you're able to do a World War two reference on a time line that becomes a pretty big deal but being able to come in and think how long how how far up the market is gone but then all the great stats on how really how how there's a pretty big gap though between kind of market performance in the end it average individual retirement account that's where that education that's where those skills really can come into play to start really help you up your financial game really raise that financial that financial IQ now whether you just tuning tuning in with us maybe you've been with us for the whole show get excited because the best is yet to come and when we just got just before we took that last break Jerry mentioned that we're going to start off on multiple streams of income and reminded me of growing up in my childhood might my grandfather was a pretty big print played a pretty big role in my life especially as far as like a a mentor type person goes his I think his favorite pastime was to teach a lesson but he just love to share lessons and one of them was all about a pie chart and it was how many sources of income do you have now is a five year old I think I was getting paid maybe a dollar to walk the dog or something like that I have one source of income that went away and have no sources of income that was kind of the big lesson is divide that pie chart up as much as you possibly can Jeremy is we're just kind of walking down this path of the radio family out there as far as the multiple streams of income conversation I I think it's a or to put some context around it from where we're coming from and why it's so important what are some of the examples you have on on why multiple streams of income are so critical especially in today's world yeah I mean there's there's been a lot of research done on kind of what separates the average millionaire from the average person and specifically the average self made millionaire which is so I think I made a little bit more interesting to me than than folks that in here to trust yeah yeah more than like pears still half no we we know how she got there so you know what one of the things that to you know pops out right away when you look at any of the research done on it is the you know the last out that I saw was sixty five percent six size self made millionaires have three or more streams of income and yet most folks that I know just really have one stream of income yes really their their job primarily yep yeah that's a that's pretty normal that's where that that fun kind of acronym comes into play that J. O. B. that that just over broke right we have well we got one source of income it goes away put this in a pretty tough spot yeah so you know I think what we've been talking about retirement quite a bit retirement preparedness and and I think that's that multiple streams of income is really important to consider as you're kind of thinking about retirement and and where that fits in your overall kind of thinking about retirement because I I think you know the the other staff that we see is the average household has just over seventeen hundred dollars in discretionary income each month and that's really the amount that's left over after paying the mandatory bells right when you look at that that's not a ton of money left to put towards rid our future retirement savings and enjoy the little extras that you want every month but the but the other thing when you start talking about averages in this this I think is a big one is that's average and that means mean that not media and and so that means it's skewed towards the top earners because the obviously the folks that are making five hundred thousand million dollars plus they are draining not that averages out quite a bit so actually seventy percent of households actually have less than that seventeen hundred dollars in discretionary income every month and again that makes it kind of hard to to get ahead of where you want to be from retirement planning perspective yeah and multiple streams of income it it's not a new it's not a new concept rates going out and and and building those those additional sources one goes away and you have the the other the other one there to the other three whatever to fall back on Wall maybe replace that one and it's an interesting thing what we're talking about trading investing we say you'll be talking with with somebody and they may have a goal that is to replace their income you sit and you ask the question well what happens if you get to that point where you've made enough that it's the same the that the that that six is right at all yeah I would quit my job and you know we're always like no multiple streams of income it's not and it's or if we start taking one down to put another one up that's that or scenario rather than an answer on multiple streams of income is all about doing this and this and this and this and whether your whether your income goal is to your run a specific business whether income goal is in trading investing whether income goal is is in the real estate world somewhere whether your income goes anywhere they're always involves this kind of level of trainings level of this level of education this level of practicing you look it I I work for an electricians when I was about eighteen years old and you're an apprentice and you're working with a journeyman in that tournament is working under a master and it's all about that trickle down effect of education that's one of the things I love out here on a trading academy and what we which what we actually get to be a part of out of some of these classes and especially at these free half day classes and we know exactly.
"seventeen hundred dollars" Discussed on KNBR The Sports Leader
"Coming into town and then of course obviously challenge at eight A. M. cell a check of the roads here money Jill is the sponsor she is not blown away when he got traffic is sponsored by the Kentucky California at lucky and the California if the holidays made easy with incredible deals for thanksgiving honeysuckle present Turkey they're just thirty nine cents a pound with an additional twenty five dollars purchase some restrictions apply only at lucky and lucky for now let's check on the roads the children auto body traffic desk in you crash reported in the soul area south bound six eighty just before the sole offramp in looks like a car may have hit a deer there and first reports indicate the two left lanes are blocked that traffic is slow anyway out of Pleasanton from the stone ridge drive south a slow going northbound wanna wanna grind from failure of towards Trimble with a lot of breaks in there on this Friday west bound for your scene delays from railroad to willow pass road and of course the south bend Nimitz drive is going to be slow from two thirty eight down towards Whipple and even a bit sluggish in the Fremont now you've got Howard three close in San Francisco between third and fourth for the dream force convention that last through the weekend and we are backed up to just about the foot of the maze now the bay bridge traffic was sponsored by your local Toyota dealer Toyota operation Black Friday is on just announce get seventeen hundred dollars back on a Rav four or get zero percent APR for twenty five dollars cash back on Highlander Toyota let's go places been back on KNBR one oh four five and six in sports leader the holidays are filled with.
"seventeen hundred dollars" Discussed on WMAL 630AM
"Loss of seventeen hundred dollars per incident seventy to seventy nine at seven hundred and sixty nine actually people from twenty to twenty nine I have a four hundred dollar loss on average this fraud occurs because consumers are being taken advantage of by set ups they're using a little bit of information that's correct to take advantage of your not yet ready perhaps in technology I'll be the first to admit and I know that my family would definitely say this is true that I'm really a novice when it comes to technology yeah I know how to protect myself with a virtual private network I know how to set my phone up I know how to save information on that I know how to protect my passwords but when it comes to connecting things or not knowing what the rest of my family has going on you know having this kind of a computer that kind of a printer and somebody calls and says we think about somebody calls and has an Indian accent and they call and say yes this is so and so I'm with so and so computer company and we wanted to know if you like to read renew your subscription for protecting your computer it's only ninety nine dollars it'll give you your protection have you had that happen I know I have and I've re upped it a few times imagine that call coming in you're not remembering we was six months ago necessarily you're not remember exactly what it was and it just takes one there's a hundred Bucks and there's a hundred Bucks and they have your credit card and then they start to use information my point is insuring this is just I want to be careful right now slow down take the time to go back through all of your expenditures look at your credit card bills look at your checking account look for anything that is consistent or even little bits of money coming out it could be three dollars and twenty one cents you're like well it's not that much of not going to bother with it the fact is three twenty one one month four dollars and seventy three cents the next month and so on and so on and so on and you've been built out of fifty Bucks and so of thousands of other people right let's protect ourselves this year.
"seventeen hundred dollars" Discussed on KOMO
"One thousand seven ninety seven seven companies time nine thirty one right now it's forty two degrees art Sanders top local stories from the comma twenty four seven news center the labor department said American employers created one hundred and twenty eight thousand jobs last month C. N. B. C. commentator Jim Cramer says the numbers a solid but he is a major concern and I think that we're going to see problems in the economy it's going to be people wrote maybe realizing that Boeing is probably the largest generator of jobs in this country now and I'm very worried about these as many airlines expect bowling to compensate them for the grounding of the seven thirty seven Max a move that could cost the company billions grammars as that could affect job not only appalling but at their suppliers across the country and around the world tickets to see the Seattle Sounders so's the MLS Cup match against Toronto FC ward on sale for long this morning before they were quickly sold out the more than sixty nine thousand fans will make one more March the stadium this season will make it the most attended soccer match in Seattle history though the ticket sold out through the official channels ticket brokers got their hands on Saddam and so can you just have to pay between two hundred fifty and seventeen hundred dollars depending on how far up stairs you're willing to sit hundreds of students could be barred from going to public schools in Edmonds never it unless they're vaccinated against measles or they have and allowed exemption almost Tammy Mutasa report every school district leaders say three hundred and forty five students have been told they could be kept out of school on Monday if they don't meet their vaccination requirements after the measles outbreak in Clark County the lawmakers passed a law removing the personal preference as an exemption for the measles mumps and rubella vaccination now only religious and medical exemptions are allowed we want all of our students to be healthy you may want to have a safe and healthy learning environment in admins leaders say they gave notice to two hundred and twenty two kids and they're working with another four hundred and thirty nine students or in the process of getting their vaccinations you know it's our job to follow the law and so we're doing our best to make sure that we are doing everything to help educate our families to make sure that they're in compliance so that their students can attend school going getting family believes in the safety of vaccinations their nine year old son is vaccinated I think every kid should be vaccinated I don't understand the reasons behind why you wouldn't there's not really any real evidence that shows.
"seventeen hundred dollars" Discussed on KSFO-AM
"What's up if I ever get scared your your class for our wedding yeah after and we started classes and we want it secure maybe five one right away and I have a small four oh one K. when I say small it's got like seventeen hundred dollars and then and twelve hundred of it made about the value in it for withdrawal would you recommend doing that now are now okay it is it's it's small so it really doesn't matter much but the only on the philosophical basis I would leave it alone here's the here's the here's what happens if you pull it out you're going to be if it's even if it's eligible for withdrawal you're going to be hit with a ten percent penalty and your tax rate if you're in a twenty percent tax bracket and your you get a ten percent penalty that major hit thirty percent select borrowing money a thirty percent interest we would never do that okay now again it in it's it's a couple hundred Bucks here okay so it's not the end of the world is not gonna change your life it's not gonna be go that one time I did that I won't be millionaire no it's not it's not that big a deal but because the math is so small but I'll just stick with the philosophy because I've just learned that if I always do smart things even if the numbers are small I'm building muscles of smart things you much more thing muscle fair and so don't don't take it out Danny is with us in Tennessee how Danny what's up I'm just calling about a retirement plan that that memo watched called about and we want to buy a house inject alone why I don't know if I need to why go out there alone why do you need to buy a house in Jekyll island for retirement plan that that's where we want to live will retire once you buy there when you retire well I'm hoping to in three years dot my questioning as I've got probably a half a million and four oh one K. I've got eighty grand in cycles in our check and I've got five real hot plus mom of those should I stale water kill my rental homes and just actually out right pay for it and yet when you get ready to move but I wouldn't do it now you wouldn't do it now no you're not moving for three years correct masters considerably for three years well probably two or one and a half and I'll take my vacation then walk long weekends I can go with that idea the way we want it well if you want if you want to some work to it by it in time to do the renovation before you want to move into it so by six months early but I would buy three years or you don't three year renovation project that's not fun well I'm in the construction business so that's why I'm asking okay if you want a three year renovation project you can do that that's not fun to me okay I can't I can't imagine that being pleasant for your wife honey let's go to Joan I'm gonna swing a hammer a week in my usual saw dust I doubt it well but let me ask you this should I sell one or two that my real home an outright hate for or take a personal loan and at the bank I don't borrow money so what I'm gonna do is to set you up in retirement debt free show how much done much money do you owe on these rentals anything okay right now what is that I've got five hundred a month for one okay got take it by I got the and in the back and we have five rentals what do you owe on the five rentals I really don't know but act holier after everything is said and done about twenty two hundred dollars a month okay well the equity is all that matters the twenty one dollars won't be there when you start selling them so what will the house and Jekyll cost where you plan to spend their I'm looking at maybe two to twenty five and then put another hundred grand and and just update everything okay so you want around fifty thousand dollar house in Jekyll that in terms of what you put into it what were your personal residence all for when you get ready to move to track all okay right now my house is worth three forty and I one forty okay so there's two hundred of your three fifty we need another one fifty to pay cash for Jekyll when you go into retirement and I've got one of my rental houses that are only in my neighborhood that roughly forty yard and I could sell it for one seventy okay day one eight there weren't we're getting there so if you sold your house and that house you can pay cash for Jekyll island and you still have five hundred ninety thousand dollars plus your other for rentals correct and we want to get those paid off as quickly as we can during the time that we're working towards retirement all the data tells us that we've got to that that as you're going to retirement your highest probability of becoming wealthy and staying wealthy is debt free and continuous investing those are the two things we finally study millionaires and so I'm not going to Jack Cloonan putz around over there and you know mess around and top a bunch of money and borrow bunch money pay a bunch of interest so I have a weekend project for.
"seventeen hundred dollars" Discussed on WGN Radio
"About this whole situation get ready for the night at twenty nineteen season all we would be beat you got it all wrong he really did he thinks because they take extra reps that they're going to be in shape and I'll be ready to go in the passing game in the passing game believe me when I tell you this. you you go up against your own guys it's it's it's got to be the competition that's why you play those exhibition games you've got to get in shape and all things are equal the biggest thing in the passing game is timing. any other route. I told you about the flight pattern to depose a skinny pulls anything it's all about timing did you see I have to I mean. it wasn't. one eight because we didn't know anything. all right I think I just want I got to say this to you because a you know we got to know each other a lot over the last number of years I consider you a friend I I looked up to my entire life I can't believe that I got to you know work with you yesterday certain in this you know yeah on your show is just an amazing thing but I. I have to thank you for some of his last night got my car and we're driving out of the stadium you know in the traffic and lake shore drive head north and I told the guys to turn on the to turn on JI and listen to it was right that moment where you're doing the whole thing about not the first quarter now in the second quarter now in the third quarter. and you made me feel so much better like not very like being a dope for sitting in that stadium for for first. what you. going through the broken glass to get there but these guys that went that you know these are my football but Israeli been going to football games for decades we I mean they were they were they felt better what you do and in the aftermath of a loss that's your greatest contribution to humanity at a brat events is it after a devastating loss like that last night you make us seem sane for being fans you know make us feel better about the fact that we can be mad about that because what we saw was not right and people are paying there are people in that stadium to page sixteen hundred seventeen hundred dollars a ticket to be their last night and I got to see one freakin field goal..
Harvey Weinstein Pleads Not Guilty To New Indictment; Trial Pushed To January
"Fascinating you all remember Harvey Weinstein right sure it was the chubby guy who like to take his pants off yeah basically everyone saying never we whatever his name is no divine don't doing winds I'm so basically he pleaded wait for it not guilty bart Simpson I didn't know if you need a new indictment of sexual assault and so his trial is delayed until January so yeah I according to him you know like the old saying it wasn't me he's a three hundred fifty pound sweaty slob worth billions of dollars yeah who can single handedly make a career the reset to a movie star yeah and he had women who wanted to be movie stars war bereits this meet him in the first place the man was a hotel room and after years of getting away with whatever skulduggery one out in this he finally did it to an Italian girl and I have to tell you don't pull that stuff from breaks up over your head yeah and that's what happened she threw some and final not mistaken and blew the lid off effect this is not only how he got his third wife as if that's a shocker did you see her no no stunning so do you like it reminds me of a which is a Steven ocean the guy would drop yeah to see his wife yes we think she looks at it says listen you with that felt there in those drawn out eyebrows and at fifty seven year old body sure I'm thirty two and I'm a super model but I gotta have your baby it's so ridiculous yeah it's it's true love shines true love and where cetera who sexually harassing who were you not you what his poor old rich slob he got him hook line sinker is following you around he's buying it was seventeen hundred dollar shoes yeah perhaps he sexually harass we think it all again well I don't think that's the case you know the fact I remember reading an older report these hi everyone things lawyer your honor look at what's going on here well this one story about him involved like a plant shall we say if you like ferns yeah sure for is also you much better off if you only had sex with how creepy is is garbage just thought it was really interesting that he would I'm torn about Hollywood nonsense I tell you what I mean you know it's all going on because it's fitz's Caligula Hollywood the only difference between Hollywood in Washington is that the slime balls are pretty in Hollywood that's it that same slime ball hold hands the office they're just beautiful that's the only difference except for Harvey Weinstein who will put the all
"seventeen hundred dollars" Discussed on News 96.5 WDBO
"The they're very polite a a big light came on won't go up took it to the Hyundai dealer they quoted me a price of a little over seventeen hundred dollars to repair it I might get hosed well it would depend on did they tell you what part of it was was banned that was eight different seed on the passenger side okay that is the occupant weight sensor and and what that does is it actually it identifies whether it is a full grown adult or whether there is a child in the front passenger seat and that will be what electronically determines on whether that passenger side air bag is active or disabled you know what and what happens is if if the dealer was quoting you that type of money believe it or not the whole entire that a lot of times they replace the whole seat bottom if that is the case you know also I will tell you this Henry I would need to do some checking on it and you have to email me at magic mechanic dot com but there may be an aftermarket occupant weight sensor that we can actually get for that vehicle and then have the seat cover removed and a new one actually installed we did this on a Hyundai not too long ago and that took care of the problem but we had to get an aftermarket OCU but wait sensor it's like a pad that goes underneath the upholstery on the bottom of your seat on that passenger side give us give it a go to go to email us and then I'll see what I can do for you bush Illinois what are the what what's the email again magic mechanic dot com just go to tech questions or get a quote either one and give me your information and I'll do some research and we'll see if we can help you out with that Henry have a good weekend all right Matt Matt good afternoon Matt hi Larry how are you we're good running out of time what can I do for you Matt twenty eleven Ford fusion research engine light came on this morning but it's just the emblem of the engine on the dash panel I don't know if it's a check engine light or not I'll just wanna let you might like to mod the red letter a yellow one were you alone yellow light that's going to be a I could most likely a computer related top of code swing in the lock and advanced auto parts or an auto zone and have them scanned it find out what the code is that stored in your computer system then go to magic mechanic dot com and send me a tech question and let me see what needs to be done and I'll I'll I'll walk you through what your next step will need to be are running out of time as Larry said Jersey Joe I think we're gonna run I think we're pretty much done there all right two thousand seventeen Tacoma all infielder zero W..
"seventeen hundred dollars" Discussed on 760 KFMB Radio
"Seventeen hundred dollars off a new heating and air installation restrictions apply is it M. A. USY Y. dot com follow are trying to get it tomorrow morning for five to ten on aim seven sixty officials say a cliff area has been deemed unsafe in la Hoya they've closed off a portion of coast Boulevard that leads down to the co and that's not sitting well with some business owners use a solution summers has more this is the peak of summer tourist season for coasting bowl of art and all the businesses along here in la Hoya rocked in villa right in the middle of coast Boulevard and all of the parking spots out front are now blocked off the red paint here is still drying and that is hurting business as you can imagine six thirty this morning the restaurant's owner David Hine found out the street was closed and all his employees had no way of getting here in their vehicles so they had to find parking up the street and then work their way down he says the city didn't tell him what was going on that area is in the thirteen hundred block of coast Boulevard the announcement comes one week after deadly bluff collapse in Leucadia shark advisory signs remain posted a cart of state beach today after strange set of events yesterday a sea lion was found on shore with fresh wounds caused by a shark attack sea world San Diego staff captured the injured animal and took it back to the facility for treatment those advisory signs could be taken down later this afternoon if there are no shark sightings in the next few hours according to a researcher you can't avoid it more than half of U. S. beaches have fecal bacteria CBS news about Piper report small Massachusetts beach goers may be worried about sharks this summer environmentalists are warning about a much smaller organisms he coli bacteria present an animal and human waste could hurt many more people and it shows up on half of America's beaches that's according to new research from environment America and the front tier group the report says half the beaches in the U. S. have at least one day per summer season in which it is not safe to swim because of elevated bacteria levels in the water beaches in the Gulf coast west coast in Great Lakes regions had more than the average number of high bacteria days math Piper CBS news there's new states netter rapport with your micro climate forecasts looking at a pretty comfortable afternoon out there with temperatures a couple degrees cooler than yesterday mid seventies for the coast mid to upper eighties inland and it looks like we're gonna stay that way through the weekend the on shore flow bringing.
"seventeen hundred dollars" Discussed on KSFO-AM
"Dollars and forty one cents in twenty two months good for you and your range of income during that time about a hundred thousand got up to a hundred forty and back down both honored twenty range when you guys do for a living I work for all of the major class one railroads and I'm a substitute specialized para and I have a side hustle what's your side so I judge drastically some weekends all that's good as well yeah I make about seventeen hundred dollars a weekend wow all nice and sweet good so what kind of that was a hundred and thirty four thousand we had fourteen thousand in a four oh one K. loan twenty four thousand cars a little over forty one thousand a credit card we had twenty nine thousand on a line of credit and twenty five thousand on a time share your mercy you and everything we did our like normal very normal you never met and that you know in life good for you how old are you gosh I was gonna say thirty five to forty okay yeah I takes a little while to get that far in a bigger mess all my gosh good for you so how long has been married thirteen years of long while so what in the world happened twenty two months ago that let you on fire because you guys have been after it well it all started with the card to put us in the desert thirteen years finally went out on us and it enough money to buy a new car buy used cars only thing we could figure out to do was take on another loan deal useful with that song and compare the loan so median return them because all the library and check out a bunch of bull from personal finances my pleasure was that wasn't working hello to both of you for both for many of them talking about four thirty Norian squirrel few things here and there but nothing seemed like it made sense and follow up on the pole money makeover read that after a couple nights I think the comments that I think of that all of them to do the all need to get billing of pay off our debts and she looked at me and said well finally got it figured out what do you go Connie like it that's good very cool so what did you do this is radical I mean a hundred and thirty four thousand and twenty two months what do you do all wheel but everything he we cut the budget is certainly so bono to you both got a couple part time jobs figured bigger trouble in smaller old you're going to go down you sell anything very very hard to find them on the phone what the other thing is I'm a border in the background for a build yourself to get rid of nothing major but things here and there a lot of jobs sales receipt because less we also had a move from next job relocated us from Colorado to Minnesota let me help you clean out the garage to Donna yeah okay but you didn't sell anything big will that help resolve the Colorado when we moved okay did you use that money to get out of that he had about sixty thousand of that off okay yeah that's a big big part of the story okay so then what you're doing and Minnesota are you renting now we got a house and we have now Sir is what the twenty percent down and get it paid off here in five and a half years what our planet okay she put twenty percent down and still had sixty thousand left from the sale to put towards a step wow okay so that means the seventy four thousand is done cash flowed in twenty two months making one to one forty right yeah okay wow very impressive I mean once you guys got a game you just executed what was the hardest part of this for you guys probably right at the beginning regarding messages because the mass sixty one the very first things I got rid of was a cable TV right before the Olympics and she's gonna gymnastics on TV that's all or call quota for you I think really the budget and get everything going with a heck of a lot easier than we were living before okay yeah letter calls a fight it's like cutting off the NFL right as a season starts man yeah the really tough one now I'm mad about that that's a big deal so more you working together most of time or did you constantly go at each other while we were together well every step of the way so monthly so we figure out a plan of attack us we're on board all life yeah and then I had picked up a third job coaching gymnastics and they paid me to college and then also gave me a discount on our daughter's classes there you go I worked out good very good very fun well congratulations you guys very well done so what is the key to getting out of debt then other things are very dark motives the budget but also being very intentional you know we didn't so we can make it for the money this is normal with a Cup of coffee or you know big big decision like are more without talking to each other and then making sure other than this involves and are all used to be need became a lot along so we don't really need until we got on the road here makes sense makes a lot of sense very good good job you guys very well done we've got a copy of Chris Hogan's book for you retire inspired we want that to be the next chapter in your story you've you've you've done it man you did blood sweat and tears or to cause this to happen and proud of you well done did you have people break in on you or people tone you're crazy a little of both ways you know my parents told us we never be out of that you're always going to have that and they just go by the things you wanted but then we also had people that formed in us yeah how weird is that for your own parents to tell you that that's weird and I yeah okay so who was your biggest cheerleader all ball which other you know we are we're pretty private about it but you know they give each other journals almonds and the kids on Twitter lower doing they're on board and help those or whole family kind of circling the other documents optical my kids yoga what ages eleven nine and six moves so they they'll remember all this then yeah yeah this this left a mark hopefully a good one now hopefully they remember in their family and then your family tree is changed very good stuff all right as I said we got a copy of Chris's book for you because we were we were truly millionaires now and outrageously generous as you go along neck and Connie Saint Paul Minnesota hundred thirty four thousand paid off in twenty two months including the sale of our home and that put sixty towards it and then they had a hundred a hundred forty income to work with extra jobs not going out to eat not even a Cup of coffee without it being in the plan counted down let's hear a dad for each grade Laura.
"seventeen hundred dollars" Discussed on 760 KFMB Radio
"Free service call with paid repair let's get up to seventeen hundred dollars off a new installation restrictions apply visit emmy u._c. why dot com mark larson today at ten on a._m. seven sixty dell small business technology advisers offer advice one on one partnership and tailored tech solutions computers with intel core processors call an advisor today at eight seven seven by dell impact mortgage group deviate cashcall mortgage m._l._s. eighty one to two three one equal housing lender licensed in all states including your offer not available in washington five six five seven ninety nine licensing terms and restrictions attention california homeowners are thirty year fixed interest rate is three point five percent with a three point six percent p._r. used this low rate to refinance your mortgage or if you have equity in your home thing cash-out refi and cashcall mortgage at cashcall mortgage we're direct lender and we can close your refinance fastest twenty days with no up-front deposit and we'll pay your closing costs cashcall mortgage can help you get the cash you need to pay off those high interest credit cards another debts or use the money to transform your home with the remodel you've dreamed of all with a low interest rate that fits your budget speak with one of our loan agents today lock in this low three point five rate with three point six five percents a._p._r. before it's gone refinance with cashcall mortgage today for a free quote to see how low you can go call cashcall mortgage at eight hundred seventy six sixteen seventy five that's eight hundred seven eight six sixteen seventy five eight hundred seven eight six sixteen seventy five patriots Dot com. Accounting in payroll, Keith. white campbell his serial entrepreneur doing payroll is no longer a headache for our customer jeff have used various payroll providers of the past and none can hold a candle to.
"seventeen hundred dollars" Discussed on SuperTalk WTN 99.7
"But that was just basic diversification. Not putting all your eggs in one basket. Not because I knew that technology stocks were going to crash or anything like that. Because that was not in the news people not talking about that possibility. Now, only get back this gym, Mr. Cangemi got off from social security onto this. Yes, squirrel. Exactly. I want to get back into social security thing because you know, with social security one of the things that I was reading this week was that fifteen percent of people. Now, he's just said seventy percent of people don't have to pay taxes on social security, which is kinda sad because that shows that level of of assets that they have that they're don't have a higher income. Fifteen percent fifteen percent of people in social security eighty five percent of their benefit is going to be taxable. There's pretty much nothing. They can do about it because of the level of income that they have coming in in retirement. Once they start receiving social security. Eighty five percent of your social security is added doesn't mean eighty five percent of your social security goes to the government. That's not what we're talking about. We're saying it's added to your taxable income. So whatever the Petofi got two thousand dollars of social security benefit per month. For example, your income is increased by two thousand and because of that eighty five percent of that two thousand is actually included or seventeen hundred dollars a month is included in your taxable income. Now another fifteen percent. This means of investors or people in retirement years receiving social security are in that transition. You know, some of it could be taxed and some of the can't and they're subject to what's called the tax torpedo. They could be subject to attacks. Torpedo an English. What that means what? What you're doing is. When you take income out of your investments, let's say it's due to required. Minimum distributions on your IRA's or something like that. You can end up having a situation where that income from your IRA is triggering taxation. But it's also triggering attack station on your social security. So that's why they call it a torpedo because it comes underneath the surface and kind of blindsides, you exactly. Sound effects? Yeah. There you go. So that is an area where planning can be done and many times what you're doing is before you reach seventy and a half where you have to start taking a required minimum distribution. You may be rearranging some of your IRA's maybe doing Roth conversions for some people or spending money from your IRA I and saving other assets for later on. So that you pay the taxes now, and then you put off taking money. You know, you're not gonna be you're gonna be taking less money from your IRA in the future. Thereby decreasing the tax torpedo that could actually affect your social security. So it's just not that you memorize any of this stuff. I want you guys just to get that with with the software the capabilities these days, there's a certain credible level of sophistication that can be applied in the financial planning process that most people just aren't even aware exists. So you had some some things, you know. What are some of the things that you wanna talk about regarding social I noticed that you had been doing research on what what were you saying this week, Jim? Well, there's a good article FOX business just talking about the misconceptions that people have about social security and just among these was one of the ones they started out with that people tend to grossly overestimate the size of what social security's going to be. And to me that's kind of a surprise. They used to send out those really updates regularly. They overestimate what their benefit it's going to be. Yeah. So the results showed that future retirees expected to receive about eighteen hundred five dollars in monthly benefits year retirees currently collecting receive about on average one thousand four hundred eight that's a twenty. I was gonna say fourteen hundred would be my guess is what the average person gets. So, you know, the highest it can be is around twenty seven hundred twenty just between twenty seven twenty eight hundred is a very highest it can be. But that's only if you maxed out the social security the threat. Hold where they take money out of your paycheck for social security. So they're overestimating that and then that probably because they overestimated what their benefit was going. They probably under saved for retirement is the implication there. Yeah. Absolutely. Absolutely. Because they thought and I've heard you when people talk about social security on average for most people is somewhere in the neighborhood of about forty percent of what you'll need in retirement for the average person. Now, some people, you know, social security is going to be a drop in the bucket. If you're living living high and any you have a very high income, and you're used to living, and you saved a lot of money and social security will be just, you know, a little bit vice on the cake, but for a lot of people you can pretty much plan on rule of thumb about forty percent of what you might need in retirement will come from social security. So that means about sixty percent, we you're going to need is going to have to come from personal savings. And that was another point in this article was about twenty five percent of people think they can live. Live on social security alone. But the program was designed to be supplemental rat primary form of income. Yeah. And unfortunately, you have a lot of people that are just scraping by in retirement because they didn't have any personal savings. So, you know, I always tell people younger people when I'm trying to motivate them to save for retirement. I always tell them that every seven years you wait to start saving for retirement. Historically, you cut your retirement in half. Now because I explain this this concept to a client this week as well. But one of the things that I was I was explaining to them was about the rule of seventy two where that number comes from. If you take the historic rate of return of the stock market about ten percent, seventy two divided by ten percent seven years, so money doubles about every seven years historically now, sometimes it can be worse than that. Because you know money in the nineteen eighty s you had money in the stock market more than doubled in that period of time. Just because and then some periods of time you'll have where the returns are a little bit lower than that. But that's a good rule of thumb just to keep in mind that you know, if you wait don't wait, you know, and it's especially true for getting investments fixed too. Because if you have investments that are dysfunctional not properly managed, you can be giving up huge returns over a fairly short period of time because of the effect of the compound ING, if you're compounding mistakes that can really have a big. Impact on on your retirement as well. So social skills that was one of the one of the mess with let's do this. Why don't we take a quick break? And then we'll come back with the next myth of investing in the next misconception..
"seventeen hundred dollars" Discussed on What's The Matter With Me? Podcast
"Right. I but first, let's recap let's recap and give shoutouts I wanna give the shoutouts I shout outs to Kaleem and shutouts to marry and all the other people rusty all the other people I come into contact within the last couple weeks about what's the matter with me. You are listening to the what's the matter with we podcast. And they kind of about multiple sclerosis and other things. Right. Last episode recap. It was kind of a bummer birthday complaining episode..
Lyft gives a peek under the hood about its IPO; Trump ups pressure on GM to keep plant open |
"Meantime, apple has debuted a new mid tier ipad with a larger screen and introduced the first ipad mini update since two thousand fifteen announcements come a week before the company rolls out of media and entertainment bundled designed to compete with net. Flicks. For more I want to bring him Bloomberg tax. Mark Gherman who covers apple for us in LA. So Mark why they surprise announcements? Not entirely surprised that we wrote earlier this year these were coming. But it's a little surprising that they're doing it a week in advance of their big event. One would think they would want to hold all these devices until March twenty fifth, but in this case, they are not seems like they want to clear the deck. Make all the attention around the net. Flicks competitor in the magazine service whenever they have to discuss on the software and services side or on their credit card next Monday. So how does this fit into the broader ipad strategy? I mean, some people probably thought the ipad mini was long gone. Yeah. This is a big change previously. We were basically looking at two distinct types of ipads at entry level ipad around three hundred dollars just called the ipad geared towards education. But also, the high end, I pro models that could talk, you know, seventeen hundred dollars. Now, we're seeing the return of the ipad, mini and the return of the ipad air sort of as mid tier devices. These are priced at four hundred and five hundred dollars at the base capacities. But just WI fi no cellular a little bit more expensive than the education. Only models a little bit more high capabilities, and these are basically refreshes to older lines that people have been asking for new models for the ipad pro is quite expensive for most people, but people wanted some of that faster performance and the better screens and other getting that with the ten and a half inch ipad air. There's a lot of people who wanted to see sort of an ipad pro fide version of the smaller ipad, mini, and now you're getting that to some extent with the ipad mini five today as well. I think there might be some parents. Out there who are excited about the new ipad, mini, just just a hunch. But is this for apple a vote of confidence on the ipad? I mean, we know that sales have been falling year after year. But that apple isn't going to be breaking out ipad sales, just like it's not breaking out phone or MAC sales anymore. Right. So what you're seeing is an expansion of the product line up right now, if you look at the MAC, for example, and in many ways, the ipad is Dustin is the max replacement in the minds of some there are so many different max. So we're seeing apple now expand the ipad product lineup into several new shapes and sizes and prices in a way, they haven't really done before. So it's encouraging to see that expansion of the ipad. They're basically coming out and saying, hey, the ipad is one complete product family as well just like the MAC with they do need to do. Now, though is really up their software game for the ipad. Because I think it's quite behind some of the software you're seeing from some of the other tablet makers certainly needs more functionality to bring it more on par with a MAC or PC. Now, tell us a little bit more about what we're expecting out of this event on Monday. It's not just an opportunity for apple to unveil its original content strategy, but also a new apple news subscription service. We've got comments from the CEO of the New York Times who said they're actually holding back. Some articles Apple's news service. You know, talk to us about how that impacts apples bigger strategy here. Well, I can tell you the new, ipads, and Macs certainly won't be next week because they're getting those out of the way this week. But in terms of your question this is apple showcasing itself as a services company these of media events, especially ones at the siege. Ups theater in Cupertino have been reserved for some of their highest profile new products new apple watches, new iphones. The iphone ten was announced there a few other devices over the past couple of years since its opening in two thousand seventeen and other putting services up there. Exactly what their highest end hardware. So that's really a way to reassure investors employees and consumers that services is pretty much just important as some of the other hardware products. They're doing so this is really gonna
"seventeen hundred dollars" Discussed on Newsradio 1200 WOAI
"How is that even possible? I mean, I'm I'm happy with you know, one thing for a week. And I'm like that. There's a lot of challenges there. There's no doubt in there's always going to be challenges. But again in my situation in particular, you know, I was a teacher and a coach before. So I started off my first freshman was a personal trainer. So as a personal trainer here in San Antonio pretty successful at it. You know, I enjoyed it. And I mean, I'll tell you I didn't feel like I was working all the time. But after a while. All right. So I'm working at four o'clock in the morning to seven know around people's schedules. So then I decided to go into education. So those are big portion me they wanted to teach. I love teaching. I love teaching whether it'd be kids whether it be clients that was personal trainer. Now patients that we're seeing in our office. And so as as I've gone through this. I've kind of always been in this healthcare kind of atmosphere. It all together. This has always been my passion. Like, I don't know construction windows. I don't know roofing. I dunno cars. You know? This is just I I can't imagine myself doing anything else. But what I'm doing today? And I think pretty important for everybody to have that why? Because it why for me was my mother and senior health struggles. And and not feeding we were adequately being educated on what we should be doing. So you have never been to any business school. It's all been medical never been to any business school. You know? And it's it's funny because I do a lot of healthcare providers today. You're starting to go back to business school because you know, unfortunately, they don't really quite realize. It's not as easy if you know when you go to school, and you hang up hang your name out there Giovanni, medical doctor, and a whole bunch of patients are gonna come your way. It doesn't work that way. So people need to learn the aspects of marketing and and also have a game plan. That's the whole thing. You know? So did you have someone help teach you this things or trial and error of when he's on the losing some of trying to figure out the whole business from the struggle of it in my case, there's been a lot of trial and error. I I did learn from a practice that I was at before just kind of really how how what mistakes to not make again because that was the big thing because at the end of the day everyone's gonna make mistakes guys. And it's okay. You just need to make sure that you are not maximizing those mistakes where it's going to put your business per se. No. So yes, it's been allowed shower error. I have wasted and spent oh, I can't say wasted. Because you learn from every day. Yeah. For sure so I can't I spent a lot of money. I've lost a lot of money, but you know, at the end of the day to to see again, my why is to help these people change their health in every day. I go to work, and I see that and your providers doing now on a national level of teaching other doctors how to do it. I'm okay with that. Do you ever feel like since you are different from regular medical doctor that people that are in the medical field? Look at you differently. Or do they think he's trying to cut into our business by taking away medicine because I always think some doctors might like and feel like comfortable giving people all that medicine. So how do they look at you? You know, I think it all comes down to a couple of different principles. So for one we're not doing primary care. So we're not really stepping on anybody's toes. You know? So there's nobody in the traditional medical field that were really kind of competing with, you know, so we're not taking any patients. Wait, everyone still stays with their own colleges. Everyone follows all of their doctor's recommendations everybody. Always does it what we're doing is we're helping people really improve their own health because they don't know how to do that. And also most of the time to doctors aren't doing that for them anyways. So it kind of fits now do people kind of look at us a little bit differently. Yes, sometimes, but since I've now earn my medical degree. Now. All of a sudden things have kind of really opened their. This guy is is educated. Now, he's not just a crazy guy was trying to teach him people's. So what was the biggest challenge your head? And starting your business when you started it, it's sixteen hundred bucks, you're trying to get started. You're trying to figure out how to get a patient first of all. And what was your biggest challenge in? Did you have any time that you thought maybe it might not work? Those a lot of times where I really kind of questioned if this was going to be what I should be doing. But I didn't get into what I'm doing today for financial gain. You know, I did it, and I was okay with that. Because if anybody knows any chiropractors in the area because that's how I started. We don't make a lot of money anyways. And it wasn't my guy was doing traditional services. Anyway. So I knew there was going to be a lot of challenges. But I also knew that I was filling a need that was necessary in San Antonio. And I think that was the big thing. So those the first thing is that. Yes. There was plenty of times where I was really questioning whether I was built to do this or not. But you know, my biggest challenge was probably really getting the word out to people that way, they can know that I did that was the whole thing because I knew I was filling a need. But that doesn't mean that everybody knows. Yeah. That's the education component was big. So whatever business people decide to go into if they really put behind on the back burner how much money they're gonna make or how big they want to grow and really focus on educating people because people are going to make decisions whether they're gonna make decisions based off of their education. So if you're a window installer in patient doesn't realize. That the person doesn't realize that they need a window you need to educate them that they need window. Right. Right. And then they're gonna say, okay. Well, that makes sense because I didn't know that I needed a window. I thought that there was air forever. The c- all around my window was that important to my electric Bill. Rain education is talk about financial gain because a lot of young entrepreneurs. And when I was young entrepreneur in my early twenties. I I really feel in this category. It's probably one of the worst ones. I was like I am quitting my job. And I'm going to become an entrepreneur because I'm gonna do exactly what Dr toys just told me not to do if I'm gonna make a lot of money. Right. And so I started my journey and entrepreneurship and really quickly found out that I failed at multiple levels because my interest was I'm just doing it because I'm gonna make money, and there's a difference in doing what you do to make money so talk, let's talk about a little bit about how do you feel more in depth about? Why do you do what you do and should entrepreneurship? Really be driven by money. So I think so in my particular case, so guys I'll be honest with you guys. I don't make a whole boatload of money. What I do for me personally. And I'm okay with that. I do what I do for a living because it helps me pay my bills, but I'm also passionate about it. I I love it. And that's in. So I do what I do from the education in from the scene people in patients and or having all of our providers in the office because that's what I love to do. Okay. Now for me to gain financial gain. I've gotten into lake some real estate investments in sort of doing some investments from that standpoint right now that's more of where I make money. The other side is what I do too. Because I love I get up in the morning, and I'll be honest to you. I'm the guy that as soon as the alarm goes off. I have a big smile on my face. And I'm ready to go to the office. You know, then I but for financial gain. I do the other stuff. One of the things that I hate to call y'all out on this. But when it comes to being an entrepreneur, and you know, I've heard Giovanni say before I don't do it for the money. I love being an entrepreneur, and I do it, and you said the same thing, but you have to go back to that day when you had the seventeen hundred dollars in your Bank account, or when you were trying to work out of your car. That's what makes people think that they want to do it for the money. But but I think what makes them continue to do. It is their passion. So I think in the beginning, you have to make it clear that if you don't have the money to pay for rent or feed, your kids, or whatever it makes you think you want to do it for the money, but you wouldn't continue to do it unless you really loved it. Right. Right. Well, I think you know, the the big thing is you always have to put people first guys at the end of. I mean, I think that's more of a personality trait than anything else. You know, you know, this even me being on this podcast for me is is kind of interesting because I think are. So I've learned a lot. But am I really the best person to be on his podcast because I think all of our team and probably learned quite a bit. You know? So you have to take care of people. You're you're you, and you also, you know, what I realized from other successful business people out there is they always put their team. I always put their clients. I do put their patients. I always right. And and you saying that people might think, well, he's a doctor. He's supposed to but his patients first race. Of course. That's what you you know. I guess it's what they teach medical school. I've never been. But I would assume so and so on the other side of a business of someone who has a tire shop or someone who has a real estate office. They don't always realize or they're not taught that they should put their people first or their customer. I write they tend to think sometimes. Well, you know, it's all about me. And I'm gonna put me I, but really what you're talking about in the medical field should be all the way around in a business of always putting your people regaining your client. I would have to be honest with you. I've I've witnessed personally many times where. Even doctors did not put I you know. So yes that goes back to the beginning of this podcast where you know, all the principles of the same. So whether you tire shop window shop, whether it be hairstylist, you know, when you when you sit down, and you truly just enjoy what you do you ever. Why on why you're doing it? And you put your clients first, then you're going to see the growth, and it's going to grow and for some people a little bit of growth is. Okay. You know for other entrepreneurs they wanna grow right now. Well, that's going to take a whole. It's a whole different podcast on how to grow a whole lot fast. Right. You know, but all the prints will lose him because at the end of the day, you wanna be able to walk away from that from that job or from that day and know that you did everything that you could for that person that walk in and entrusted in you and your business because that's the whole thing for us when we offer free consultation. And.
"seventeen hundred dollars" Discussed on Pet Life Radio
"Seventeen hundred dollars with thirty one hundred dollars and people are in love with the results if they put in the effort, well, and I can't sell them that you know, when they're three months old. So all we did this seems so anticlimactic, but it's important that you understand the what led to this? And it's important that your skin the foundation the thinking, so all we did is say all right. Let's add a couple of sessions on the front end to get a foundation for the puppies. And then, you know, raise the price by a few hundred bucks. And then do the transform, you know, get sixty days program. That's it Tada. There's more to it. Let let me share some other stuff here. But in a nutshell, that's what we did. We just added. Some we preloaded the transform you dog sixty days program with two or three private puppy sessions. We raise the price by few hundred dollars. Now, it's like two thousand. Twenty one hundred for the for the private training, or if they want to do a few sessions. The Borden train. Now, we're, you know, thirty three hundred thirty four hundred somewhere in there, depending on the age of the puppy and stuff like that. So that's all we did is we had this amazing program. And we preloaded it with some some stuff to get them. A foundation get them started get them liking us. And then we go and do the thing that we know kills it people love it. And it's amazing. So now, our puppy clients almost everyone does the private stuff we do have some people that do the board and train. So our average value is about twenty five hundred per puppy. And so like, I said this is where I'm saying that we're getting about four of these finds per month. So we're getting about ten thousand dollars a month and just puppy training. And this is just you know, we've been doing about seven months, so we sold seventy maybe eighty thousand dollars worth of puppy training, last seven months, so over the course of two thousand nineteen I'm doing this podcast, the very beginning of two thousand nineteen now we're going to have people excited about this. You know, we're going to get more and more. It's gonna get some more momentum, you know through advertising. We'll get more puppy calls. We very well could do to. Hundred thousand dollars just puppy stuff by just taking mazing adult program and frontloading it with some extra stuff. Now. Here's how to sell it. Because I've found how to sell it. And I sell it by making it sound difficult because the type of client I want and the type of client that thrives with us and probably with you is the one that's going to put in the work. And so I don't want them to think they got this easy little that's the other thing. I hated about like puppy. Borden trains is like we'd have them for a week or two, and how far are you going to get in a week or two, you know, it's not far. And so the puppies got a foundation, and they've still got a ton of work to do with this puppy after a week or two aboard and train. And so here, I just took two grand in their money. And I'm like all right now, you have all this work and people would be really upset about that. So again, I didn't love this programs before. But now say it's like, look, here's the thing. It takes a year for you to really enjoy all the fruits of your labor with training. And so here's what we're gonna do. The first part is we do these puppy recall them, puppy brain dumps. Sessions. We're going to dump a ton of information on you. We're going to see every few weeks, and we're going to get our dogs for five months old or six months old. And that's when we do our TYP sixty program, which is world renowned. It's amazing. It's going to get you all these crazy results. And then after that you get lifetime access to are group's actions. And we're also going to give you some training equipment. Like, I have gone through the be all I'm not gonna take you. I mean, it's a ten minute pitch. I've done through this pitch before. And I get to the end whereas like, and it's it's two thousand dollars and people. Okay. Good. That's not. Okay. I thought it was gonna be way more than that. After what you were just telling me, I've literally had a bunch of people say that because the way that you can pitch. This is like look at all the stuff we're doing in stages would in reality. You know, we're getting two thousand dollars for about eight sessions is what it normally works out to now. There's also the home study stuff, but that's been done. There's also the training equipment. But I'm factoring that in. There's also the lifetime group sessions, but those are easy for us because we just every trainer does one about every five or six weeks. And so like that's just part of the deal. Like, hey, you lose an hour of your life every five or six weeks. And that's you have to sacrifice that for this program to work. And so we don't count that as a loss because our trainers are paid on commission. They just give that up, you know, that's part of the deal. So anyways, the group sessions cost us nothing. Homestudy costs us nothing, but it's tons of value for them tons and tons of value for them. And so in reality what the hard costs of what they're paying versus what we're doing is. About eight sessions for two thousand dollars the equipment cost anyways, we're getting about two thousand dollars. So when I do the math there. Let me do the math real quick two thousand dollars divided by eight that's about two hundred fifty dollars a session. So now normally for adult word about three hundred dollars a session. So this is us coming down a little bit. But it's allowed us, but not much, you know, it's where everyone's still happy. Traders are happy I'm happy everyone's still making really good money. These are better clients because we're not dealing with junkie aggression, and all sorts of problems. We're starting from the beginning. And so everybody's happy to take a little bit of a dip in profitability in order to have clients that we love work that we love worked at as well paid work that is is very rewarding. So like, I say on our website. You guys are welcome to look at it. But on our website on our puppy page is really it's like a five minute video of me telling people why they don't want to do it. It's like look. I don't say it in those words, but I'm saying, look, here's our normal puppy trading works. It's like these group classes, and you don't get very far and everyone's done them and their puppy sits retreat, and who cares? When in reality. This is what people want they want to be here with their puppy. And so we decided we are no longer ever gonna do basic puppy training. Again. The only thing we're going to do is work with people that wanna take it the hallway and show, and then if that's of interest to you sign up on my calendar below we'll talk about it. So when I get those puppy ones on my calendar, and hopefully they've watched the video sometimes they don't. But if they've watched the video, they're not shocked by two thousand dollar price tag. Because I think I'd say in the video like, you know, this is more expensive. This is more in depth. This is blah, blah, blah. And so it has become so much easier to sell the people I talked to about it are so much more excited about it. Because they're like, yes. This is what I want. I didn't I've done those classes with my previous doctors. They're silly. I know how silly they are. I'm selling them exactly what they want exactly what they need and those are typically two different things. But in this case they converge. I'm selling them what they want and selling what they need. And I'm thrilled with the results because now people are going through our TYP sixty system it's taking a little bit longer to get there because we would some puppy stuff. I'm thrilled with the results I'm thrilled with the money. The trainers are thrilled with the money. The trainers are thrilled with the results we saw four or five of these a month. Like, I'm looking back and thinking boy, if I had to start a business all over again, like this is all I would do I would make a puppy program. Do all effort on this. I would sell eight puppy programs a month for two thousand dollars a piece, you know, make my sixteen grand a month and make life easy. Stuff like that. I'm looking at this like dang. I should have thought about this before. But as his tragedy in my life, I rarely think about things in due time. It takes me forever to actually get the results in the in the lessons learned in my life. But this is a way to get somebody a ton of value maintain margins high sell it so much easier. Like, I have not found the downside yet. Maybe I will legacy. We're doing it for about seven months, but so far this is working great. We love it, and hopefully, you can apply some of this too. I encourage.
"seventeen hundred dollars" Discussed on SuperTalk WTN 99.7
"Year. Now that trailer it now sixteen and seventeen hundred dollars. And I average angle iron and things haven't gone up in four to five years for the retail market. They now are so some for housing building those things going up as well. Some automobile parts like Toyota's your Ford's has stepped page in the back of the bumpers. Those prices have already been hit in the last six months, and you're not seeing it yet. But let you go to see the re reach consumer market for trailers and things of that nature. Anything with angle iron is they'll say, those prices are already increasing including aluminum getting older. Yeah. I think what's going to happen though. We're going to start sourcing that from somewhere else. Why don't we make an ear? I saw them this things. I started people were freaking out about the cars in with a steel prices stuff. I saw an estimate out there that your average car price was going to go up about six hundred bucks. If if all this went through six hundred bucks for twenty two twenty three thousand dollar cars and the whole I mean, I would rather not. But I would rather not deal with China. So forgetting this here's the deal. It's aren't been artificially low. I mean, people say what the price is going up the price is going to where it should be the price has been artificially low because China's been using slave in your slave labor. And this is going to do one of two things is gonna make us is going to make China, stop using slave near slave labor. It's also gonna make China deal with our companies more fairly or it's going to mean that we're gonna source material these materials from somewhere else, which I would I would offer that we'll be back right.
"seventeen hundred dollars" Discussed on WBZ NewsRadio 1030
"Of the true goats? Evolve. Fans in the NFL. Thank you. And of course, by goats. He means greatest of all time and tickets for the Super Bowl. Well, they're not cheap. ABC's? Pete combs says the prices vary attending the big game doesn't come cheap. If you want a club seat on the fifty yard line. One ticket might cost you as much as forty two thousand five hundred dollars. There are cheaper seats available on the resale market the get in price that is the cost of the least expensive tickets is now under twenty eight hundred dollars. That's a twenty percent drop from last week, and by the way, hotel room prices, also sky-high Atlanta area, more than ten times, the usual prices Airbnb prices also skyrocketing homes to accommodate a group of four within a mile of the stadium going for more than seventeen hundred dollars night usually about five hundred dollars a night. Here's an important question. What do you want out of your investments growth income or maybe it's just to conserve what you currently have has stages in your life change? So should your investments? Are you asking yourself? It's not how much I earned how much I keep or maybe you're okay with the ups and downs of the market and more interested in that big number in the future. Remember, it's not what investments you own. But why you own them has your adviser in meeting with you on a regular basis, or do you even have anyone helping you with these important decisions if not call Ninety-three financial group at eight hundred nine zero eight nine three three four sure do ask for a free analysis if your current investments to help you decide if they're still right for you. Call eight hundred nine zero eight nine three three four principles of Ninety-three financial group, Lawrence welk's, and Paul Wells can be heard as hosts of family financial focused Saturday nights at six here on WBZ Ninety-three financial group, eight hundred nine zero eight nine three three four for more information, including their disclosures at ninety three s g. Dot com. One New Year's resolution. You never hear is for someone to be pain-free in their joints this Dan Rae. I never hear it because we feel our joint.
"seventeen hundred dollars" Discussed on Newsradio 1200 WOAI
"We're in hard money, we've been given a money to purchase the property and also money to rehab the property, and we have perhaps contributed some of our own funds into that that account for rehab, and when we start pulling things out we run the risk that when it's time to refinance our after repaired value that appraised value of the property is gonna come in lower than expected. And if that happens, we are going to be bringing more money to the closing table for refinance. Then we expected to it is important to stay with your original scope of work to use the materials and to create the finish out that you gave to the appraiser when they did your after repair value estimate because that is what they based the price of the property on. And if you start pulling key items out, you're going to change the value of your property. In addition, you might end up with the property that isn't the best product at the best price in your sub market. And as a result, you're going to sit there and wait to rent your property, tell all of your competitors that have a better finish out in a better property for the price are rented. And even then you may struggle, depending on what it is you decided to do the other thing that sometimes happens here is that you make a decision to do part of the work yourself. We're going to talk a little bit about that that DIY experience in a few minutes. So we've gone through the first two of the seven costly mistakes to avoid during rehab. Let's move on to number three in that is over or under rehabbing for the sub Marquette. Both are a problem. You wouldn't think that over rehabbing would be a problem, especially if you're looking for best product best price, right? The more bells and whistles you put in there you put granted in there. You put these expensive fixtures in their gorgeous ceiling fans, special shower heads, all of these wonderful features that people would love to have in their home. It makes sense that used then would be able to get more rent for your property, and you would be able to rent it more quickly. But the truth is there is a top end to every sub market. There is a rental rate above which you will not be able to go, and the reason for that is that people that are looking to rent at for instance, if you're in a market, they typically rents for around twelve hundred dollars a month and your rehab, and you are thinking that you're gonna add all of these features that no one around you has. So that your property will command much higher, price and. You're thinking you're going to get fifteen sixteen seventeen hundred dollars a month. What you will find out is that people that are looking to spend fifteen to seventeen hundred dollars a month are not looking to rent in that area. They are looking for property somewhere else. And people who are looking for property in that area are probably aware of the price points. And there's they're willing to give up that waterfall shower head, and the granite counter tops, and some other things that you put in when the rest of the neighborhood is laminate, countertops, and typical showerheads typical finish out because they are looking for a certain price point. So over rehabbing can be as detrimental to your cash flow as under rehabbing. So what happens with under rehabbing is as I started to say with the changes to the scope of work. This typically happens on the back end after you've started the rehab, you begin to pull things out you begin.