38 Burst results for "Seventy Five Thousand Dollars"
Self-driving industry takes to the highway after robotaxi failure
"Today. The Financial Times has an interesting piece up. That's getting at something. That I've sort of been saying all along about Anamika vehicles? If you can already give me autonomy on the highway. Why not just give that to me now? I mean we have heard some of the reasons why companies like Waymo decided they needed to go all the way to level five autonomy, but according to the Financial Times some in the self-driving industry are now gravitating towards. Only autonomy as the whole dream of the go anywhere fleet of autonomous taxis continues to be a dream deferred. Quoting the These sector is experiencing autonomous. Disillusionment says Prescott Watson. Principal at many mobility and early stage venture capital firm now quote the pitches robot taxes are a pipe dream, but let's take this technology and do something more lucrative he adds. Investors are still interested in autonomy, but the focus has shifted towards practical services such as grocery delivery, automated warehouse, robots and autonomous functions restricted to highways, the concept of highway, only autonomy is currently capturing the attention of the industry, instead of trying to solve the myriad challenges of go anywhere rogue taxis engineers could focus on making it work on just highways to begin with autonomous vehicle. Start Up, C. Promise in America's trucking sector and eight hundred billion dollar market handicapped by driver shortages and rules that are limiting working shifts to eleven hours Mackenzie. The consultancy has projected that full autonomy will not be commercially ready trucks until two, thousand, twenty seven, but the likes of two simple plus that. Kodiak robotics and embark went to accelerate that timeline by narrowing their focus too monotonous stretches of road. One idea is to build transfer hubs near the highway in which a truck driver would carry free a few miles to the hub than swapped the freight to an autonomous truck that would drive hours on the highway to the next hub where another driver would be waiting the other big area for highway. Only autonomy is for passenger cars just a few years ago, this idea made little economic sense in two thousand fourteen. The cost of laser powered sensors known as lighter which most experts see as critical of for developing autonomous vehicles were seventy five thousand dollars apiece self-driving. self-driving prototypes were often equipped with several of them, placing them well beyond the reach of even luxury buyers, but have since collapsed with some light are group's including Valentine. Eva and aluminum are partnering with Carmakers to build units at scale for less than a thousand dollars. Each Alex Partner's consultantcy estimates that a fully autonomous hardware stack comprising lighter cameras, sensors, radar and electronics will cost as little as seven thousand dollars by two thousand, twenty five, that opens the possibility that individual car owners could soon purchase vehicles that would drive themselves. Tesla has long promised full autonomy in two thousand twenty, and among legacy carmakers Volvo has said it plans to offer is off hands off. For Highways by twenty twenty two pending approval from regulators. If we can solve the highway problem, which is quite narrow versus robot taxis, we can create tremendous user value says Henrik Green, Volvos Technology chief and.
Fresh update on "seventy five thousand dollars" discussed on Yeah, She's Driven
"It gets easier is far as you're not as fearful as your company gets more successful but what never goes away is the constant need to readjust what it is you're working on. Hey welcome to my podcast. Yeah she's driven, which is really the number one podcast for entrepreneurs who are really wanting to like consume great content on the go on a run go out for a run while watching listening or watching this podcast. Really listening to this podcast people who are in corporate and have a career and they're like they've always thought that they have a calling for being an entrepreneur but really don't really know how to put all the pieces together or what they. Should sell so welcome. So this episode that going to give to right now comes from my coffee was Chande that I currently do Monday through Fridays on my heart Co business facebook page. So you can always watch it live on a business facebook page go live like Monday through Friday please come subscribe to that page and be with me live in the morning at seven am. But until then you can watch a rerun of are more popular reruns and I hope that you enjoy it. Okay being efficient as an entrepreneur is most likely. One of the most important things that you're going to have to figure out soon because the truth is is is if you're working on things that caused you to spin or you're unsure about what you're focusing on or you're having second guess seven second guessing if you're having second guessing moments on if you go all in on whatever it is, you're working on if it's actually going to monetize then all of that energy is going towards you being more stressed out about am I, working on the right thing will at monetize, will it really produced the results that I want and when you're in that? State your not crazy. You're actually holding yourself back because you're trying to protect yourself and there is nothing wrong with that. If there's anything I've learned is just the chaos that we create inside of our heads because some how we think that there's something wrong with us in less we're maybe reading twelve books a month or were you know over achieving in like you know our our sales efforts or if we're not making enough money or there's somebody else that's making more money somehow we think that maybe our habits are not good enough or a truth to that I mean I definitely focus on up leveling my habits but what I realized is that how? We are focusing on things. Aren't even the right things to be able to help our business grow. So I wanNA share with you where I'm standing today it on. It gets easier is far as you're not as fearful as your company gets more successful but what never goes away is the constant need to readjust what it is that you're working on. So what really good at is creating a lot of cash flow very quickly on the front end I understand front end marketing really well, and so a lot of our clients come to me because they're like, I, need. To figure out how to cash flow. Great example a really great example actually popped this up here earlier a really great example I was doing a training the other day I. Don't know if you can read this but I'll just kind of articulated to somebody asked me to monetize them and when they asked to monetize them I was like, okay I can give you the strategy if you coached with me. or The strategy if you coached with yourself I mean you were Solo you're 'cause my son his Zaki that. You come here to get some food. So I'm going to move this outside so I can talk to you. So I gave her a strategy. Doing. You love how real things are these days we can just come on come on out here on some patio. With Ocean back there. Okay. Okay. So I asked her this strategy. How could what would I suggest? For monetize herself. And I said. There's the strategy if you coach with me and I didn't mean like me like it has to be me but you do have to get a good coach if you WanNa rock it. Okay. Even if you've hired a coach before and haven't gotten the best results, I'm GONNA. Tell you. Whenever I've checked with myself usually I haven't executed the way I could have especially if you have a good coach, don't buy coach based on price got by a coach based on investment and leveling up your gave. So I showed her I said, you know twenty people enrolling them at three thousand dollars in a three thousand dollar product. I did go through what that would be I said doing a three day intensive. So she actually enrolled three day intensive what you do virtually and she sold it at three thousand dollars all she needed twenty people to Action Bring in sixty thousand dollars how long would it take? To do that, our clients can do that in about ninety days. Some of them can do that in a weekend just depends on where they are in the curriculum of an how long they've been with me to teach them like we teach our clients, how to lead Gen first so that they've got the ability to access if I put a plan up like this thing, go okay I know exactly how to do that right now because the customers and clients and an email lists to buyers to be able to do this. So twenty people look at this comes to sixty thousand. This is she was coaching with me. I said a ninety days at ninety days. You can sell a seven hundred dollar, a month program, which is cheap by the way which would bring in forty nine, hundred dollars a month. So basically, this strategy came to seventy five thousand dollars. So follow me here. Twenty twenty people. Sixty thousand with the additional seven, hundred dollars a month she ended up she ended up being able to create seventy, five, thousand dollars with twenty people like that. Okay. Now you had. If she went solo by herself, she went solo by yourself. I said instead of charging instead of charging three thousand which I know I could coach you're into and I could. Close any gaps on her sales strategy right on ourselves our ability to enroll, which is basically your confidence, your skill being certain about the product that you're offering having strong authority when you make an offer and even having strong authority in your content. Right your content strategy said, let's take your price down to nine, ninety, seven versus three thousand because I mean, let's. Be Honest. How many of you guys go into chat right now how many of you guys have had a goal for yourself and you just you didn't hit the goal, right? It's like you're good starter but you just have not been able to finish a strongest possible and finishing strong means you hit the goal that you intended to hit go in the chat. Right now tell me how many guys have had that experience with yourself. You've set a goal and you have not really hit it to like him out of the park and exactly what you said you were going to do right this is normal. This is why I have a coach. This is why you should have a coach so I, bring her price put. Point down to ninety seven. I said maybe fifteen hundred depending on your ability to enroll which takes sixty thousand dollars that if she coached with me and it brings it down to one thousand, nine, thousand, basically long story short the same strategy I brought down her price points.
1 Arrested in Groping Attacks on Los Angeles Women
"Police and community members in west LA work together to catch one of two men wanted for a series of sexual battery attacks on women joggers over the last month between may fourteenth and June twenty second were more than twenty attacks by a pair of men who drove near parks and palms Culver city and marina del Rey they got out and grab women's backsides your breasts and then ran off the attacks lasting mere seconds the ticket Brent Hopkins says tips and video from victims and homeowners hoping for case this wasn't something where some fancy LAPD system caught these guys on video this was neighbors with their security cameras there ringing doorbells one of those images correlations play those silver Mercedes and led to the arrest of twenty one year old Darryl mercantilist Los Angeles she's currently being held on two hundred and seventy five thousand dollars bail well this case is being reviewed for filing with the DA's office the search continues for the second suspect in the
Fresh update on "seventy five thousand dollars" discussed on PodcastDetroit.com
"And My Brennan? Monday in its two o'clock it's gotTa be another edition of the square tech cast. It is indeed Actually. I should grant before we came on air 'cause I'm the one that always butchered names, but it's Laura grandmum. Yes Laura grandmoms are got. Pretty good vice president of quicken loans, Community Fund and so. We're GONNA be talking about is the rocket mortgage, Detroit Demo, days and you this. Start off with how long have you been doing how many years is his you know? Well, this is year four for us. So over the last three years, we've been able to invest three point four, million dollars in two local trade businesses. or businesses were excited about moving their headquarters to the city of Detroit and this is our fourth year where again we're going to be able to invest over a million dollars into Detroit businesses and what an important time for Detroit businesses to be able to get the capital they need to sustain through a difficult period of time. I'll tell you it's it's rigorous out there right now but particularly for entrepreneurs. I noticed that you mentioned that you that you do this as a pitch competition in front of capacity crowds I would imagine that's probably changing this year. Yes it looks a little different this year and I think we pride ourselves in being able to be entrepreneurial in the way that we deploy these dollars. Right. So over the last three years, we've been able to put on a super high energy, really incredible event that allows detroiters from all across the city to come and root for their favorite small business. The one that they want to see win it's alive. Pitch event. It's really fantastic. Obviously, this year we WANNA put People's Health I, and so we're not we're not going to be doing that but what we are doing is creating sort of episodic content. So we will release episodes that allow people to still interact with the pitches. They're still going to be a people's choice award. So our businesses are going to really be counting on everyone across the community, watching and voting and supporting their small business in their neighborhood. So were still really excited about it, but it is gonNA look a little different. So we'll talk about the criteria that you're using that start off with how many folks submitted applications to be a lot of them right? Yeah. Every year we see hundreds of applications amend this year in particular. Of course, you know we all know that small businesses, really the cornerstone of of so many of our communities and we know that small businesses are also uniquely a struggling during this time period on need support, and so we we we did see hundreds of applications. And we're again, we're excited about tailoring the tools that we have to be able to support those businesses in a unique way Normally in Detroit Demo Day we have we have structured our gifts a little bit differently. This year, we're going to be a lot more flexible where we're supporting small businesses through grants largely apart from one category, which will be a an investment or a convertible note and. Were really just excited about eating businesses where they're at. So these small businesses must be located in the city of Detroit or must be willing to move their headquarters to the city of Detroit. They also are all four prophets small businesses and were really excited this year about trying to either maintain grow the workforce within these small businesses so that we can continue to see job opportunities for Detroit residents. So you've got three categories as you know, that's something that's changed a little bit from prior years. So you've got start sustaining bill talk a little bit about what those different categories me. Absolutely. So the this year the categories look a little bit different because we're in just a very different world and so we knew that we weren't going to be helping lots and lots of small businesses start their their new venture. We we recognize that we wanted to support existing entrepreneurs to be able to to in a way take advantage of this moment. Yes. It's an extraordinarily difficult moment for many many people for all of us across our communities in different ways. Colbrad. Has Really impacted the way that we show up everyday but there's also if you're an entrepreneur a lot of opportunity in that and so many entrepreneurs that we've been able to speak with over the last few months have talked about how important it is to be entrepreneurial in this time period and so we want to help support that at for existing small businesses who are excited about growing a new arm of their business or starting a new A new venture that's linked to their business, we want to be able to support that So our categories, this year are start sustain, and build and there are different qualifications for each but were were again, really excited about meeting our entrepreneurs where they're at so that they can make sure that they're able to pit be entrepreneurial and have the capital and support needed to to really meet their customers where they're at during this this critical time period. Are Let's talk a little bit about each category in the potential funding is for each category. I'm sure that it grades upwards right It does yes. So in the start category, we are going to be able to select three winners they're going to receive grants of. Fifty, and seventy five, thousand dollars. So the first place winner will receive a grant of seventy five thousand dollars in the in the sustained category, we're GonNa have five winners, and those will each receive a fifty thousand dollar grant and build category. Like I said, there's there's going to be either a low interest loan or a convertible note and those go all the way up to two hundred thousand dollars So again, really excited about being able to deploy this capital in a time when we know the businesses need capital more than anything to be able to sustain. Man So not before Matt Stars let me just firm follow up. So they've convertible note Dan would be convertible to equity in the company that's one thing or what? Yep that's correct Yep. And we have worked with businesses. So we actually currently have a portfolio of around thirty businesses from our previous years of Detroit Demo Day, and we've been able to work with each of them to to learn from their experience to be able to continue to customize these investments and tools to be.
A Guide To Relationships on Lockdown
"So. You know how we've spent a lot of time these past few months. Talking about everything, the covid nineteen has changed while. There's one big thing that we haven't covered yet. It's sensitive. It's intimate. It's not easy to talk about even when there is no pandemic, it's just messy. It's marriage. And living together and partnership for life with kids or without. If you're married or partnered, you haven't been alone throughout all this and you're lucky, but you've also likely spent the last few months navigating an entirely different landscape, adjusting to a new daily life, and probably fighting at least sometimes. Today, we'll talk about the unique stresses that these and I'm sorry here. Unprecedented Times of placed on couples who pledged to spend their lives together. Just maybe not this close together for this long. We'll talk about how to fight and how to divide household labor how to survive till death do us part, and beyond and I will try not to get myself in trouble at home by saying something dumb. Can I do? We will find at. Jordan he's Rawlings and this is the big story. Stephen Marsh is a writer and a podcast and his new show is called and I'm GonNa say it, and we'll see if the producers me. How not about your marriage too bad? Hi Stephen. How're you doing? I'm doing well. Thank you, I'm going to start because we're GONNA talk about relationships today I'm just going to start by asking you. How has Being together with two kids, homeschooling and working twenty four seven impacted your partnership. You know to be honest, a kind of love it I. Mean Like I'm a freelance writer, so I'm used to being at home alone and so for me. It's sort of like the kids are home from school. There's like a lot of activity in the house and I'm less lonely. That's really that's really the big. The big change I think it's a little harder for my wife to be stuck with me the. The whole time, and certainly it's you know certainly to be my fourteen year old son in be stuck with your parents for the indefinite future without being able to go to camp or anything like that is a bit of a nightmare. I mean you know. I think were were kind of lucky. Because like whenever wherever covid goes like divorce, rates spike like in Wuhan the bureaucracies just totally overwhelmed with divorce. applications the sames happening in Italy It's a classic relationship accelerator so single. Single people who were you know at home? Confronting Death by themselves unable to touch anyone are like desperate to get married and people who are married or like I need to get the hell out of here. You know it kind of it kind of works both ways on people. Do you remember at the beginning of this? When people were saying? Oh, there's GonNa be a covert baby-boom. Then everybody with kids said well. If there is, it's going to be all only children, Yeah I. I mean it's like the hormonal effective covert I. Don't think has really been written about, but like I I mean I knew there would not be covid baby boom. There were there were stories. I mean. You've heard stories. The early days of people who'd been on three dates shacking up that cannot work out well, so tell me about this podcast which recorded pre pandemic, but is being released now in the middle of one. What has cova done to the subjects you discuss on the podcast? It seems like it must have just put more pressure on all of them. Well, yeah, I mean. It's very interesting because you know not to be too glib about it, but the time like the timing of the release could not be better because you know the questions that we deal with in this show like. You know the physiological basis of fighting like. How do you fight better like suddenly? This becomes very very important to people who are jammed together all the time. How do you deal with money together? This is also about going to become very very important for a huge number of marriages how to deal with death how to think through divorce. Should, you schedule sex? How do you deal with housework? And suddenly all of these questions which we were dealing with which matter you know in the best of times suddenly, they've all come very much to the fore the it's the old questions I don't think the questions have really changed. Just their urgency has and I'm going to get you to. Well give me some of the advice you get to in the podcast and the listeners to because I'm sure we could all use it right now, but I. You mentioned at the very beginning that you think it's been great for you to be at home in also have company my honest question to you is Would your wife? Would Sarah say the same thing? No, I don't think so I think she you know she. She's a more social person. It's not really a marriage question. She likes being in an. An office she likes being with other people. She likes that space quite a bit and be denied it I. Think is actually pretty pretty rough. You know also there's the question of we. We have to educate our children and do our jobs at the same time, which is hugely stressful and really frankly not possible. Yeah. I think for me a freelance writer. Where like you? You find me in my office where I am every where I've been every day for fifteen years like tied to this table in the tower of song. It's not. It's not really that different for me, but for her. It's huge. What have you guys thought about during this pandemic I know you've fought i. you know what I think. I can't even remember the subject I. Mean I know that sounds like a capo, but I definitely have fought, but you know the subjects are really irrelevant. Because what were you know when when we did the fighting episode? One thing I learned was that you know fighting is now. Now is not really about issues. It's not about the problems in your marriage, and certainly never helps to solve those problems It's really a physiological response to Stimuli. It's about when you're when you're intimate with someone. Your brain naturally looks for threat and that and naturally response to threat and when you do that, you're you know the tends to build on itself very very quickly, and you know the conditions of covid really are the conditions that make us all. Very intimate suddenly and. Without escape, and so it's natural that you're going to have more fights is just. It's just part of your body. It's just basically a physical reaction, so yeah, we've had some raiders, but I don't think they've like. The subject matter is kind of irrelevant. So how do you fight better the topic of a whole episode? Yeah I mean it's complicated like I. Don't want to reduce it to a one point because you know like. We talked to Stanton. WHO's very famous neurobiologist and we talked to cloudy Hasso. Who'd who does like lifetime studies, couples, and how they fight, and how it affects their bodily reactions to? Overtime and you know they have. They have a lot of collective insights into it, but I mean I. Think the real the point the takeaway for me anyway like fighting is not an intellectual process. You're not going to solve any issue that you have through fighting. You're not even going to address. It and so the really when you get into a fight, which is natural. It's it's inevitable. There's no escape from that the. The health even to fight. The point is to get jet to safety as quickly as possible. What does that mean get to? Safety means to make your partner feel like their loved rather than threatened, and you know the simple ways to do that are just to look each other in the is for about thirty seconds, or just to leave and run and do a silly dance, or do something physical to get out the energy. And just returned to a where you feel like you like your your interest or mutual again. just get to that place as quickly as possible because you know, the other way just expands forever. Don't you not fix the shoes by doing that though? But you never fix an issue by fight. I mean there's no you will not find anyone like. That was the point. That's what I learned like. You Talk to these people and you're in there and they're like well. Don't you need to have fights in order to solve problems in lake? Well, no fight has ever solved a problem and I I thought about it. In my own case I've been married for nearly twenty years and I was like. Yeah, you're right. I mean like the way you solve a problem by sitting down calmly with a glass of wine and talking things through and being frank and honest about it, and we're and we're talking to a therapist or D- But. That's not fighting. Like. That's not that's not that's not. The fighting is just response to Stimuli. What about just living together in general, which is another topic of one of the episodes first of all I guess. What did you discover that either? You've been just doing wrong? The whole time or wish you'd known before you lived with your partner. Well I mean one thing I learned I sort of. Of knew already had written about before in the unmade bed is that there are no solutions to the problems of living together like the there, there is no magic bullet you think think when you're when you're a kid. When I was a kid, I thought Oh will drop contracts, and it'll make it all simple, and then we'll. We're reasonable people. We both believe in equality. We both want. Want to do the same things, and and and we and we don't want. We don't WanNA fight about dumb stuff like who's cleaning the toilet and stuff like that, so we'll make up a list, but that's not actually how it works at all. It's much more emotionally driven, and it's much more about the quest for recognition, and the truth is those matters just like never really get solved. Solved so then you then you come to the place of Lake Well. How do you? How do you deal with that irresolution I? Mean that is the one thing that I really learned from doing this show is that marriage is quite hard You know look. I wasn't an idiot I. knew people were in pain in their relationships, but I. Guess I kind of thought that they were. Met screwing things up, or they had their own problems or something like that, it's like no actually doing this is actually quite difficult, and it requires a lot of endurance, and it requires a lot of skill and tenderness, and it also requires a lot of luck, and so that's I. You know that was the that was kind of the takeaway for me like you know. This is actually a lot harder than you think. Yeah. You realize now that we're two men now talking about housework, right? You don't know how. Yeah, no, and it's really. I'M GONNA. Get in trouble for this, and so are you yeah? and. Also maybe we should be doing it like. Let's also take that into account, but anyway go on one of the reasons why I wanted to talk to you and to talk about this is because I think it often falls on. the woman in a marriage to to try to fix the marriage, and to try to have those emotional discussions and try to bring those topics up so I think like. Yes obviously There are probably things that we're going to get wrong and screw up by having this conversation. It shouldn't be left to wives to make the husband go to counseling and to initiate these conversations, and you know to try to save the marriage, so so that's what I'd say that but I. Wanted to ask you about recognition because I find when there are inequalities, it is the recognition that makes the difference between a fight and no fight. It's not necessarily the active. Okay. Well, you take the garbage out five days a week and I'll take the. I'll do the dishes five days a week and etc. It's the lake. I see you taken garbage out. That's awesome. Well. That's the getting to safety. Part of fighting. Getting to safety is like that feeling like I'm seen in you, know me and were together right, and so you always want to get to that as quickly as possible, but you know I mean I'm on the record like my about housework like my feeling about it is that? Every like everyone should do a lot less of it, and that the the long term trend with housework is not men doing more where it gets women. Doing less has been that. That's true everywhere in Western Europe North America. It's called disinvestment in some well known sociological category you know. My mother was a fulltime physician who also vacuumed the the drapes of our house lake. That's not it quickly realized. That's no longer possible, and but that whole debate around what housework is it so fascinating but it's also almost impossible to have rationally like it's it it it becomes. It becomes super emotional and. Layered with with norms so quickly, you know it's it's almost impossible to have those conversations. In general, although I definitely agree with you, that men do not do their fair share of trying to make marriage is work or Thinking through their marriages right, I mean like I, I think there's this this thing with men were they don't WanNa even consciously try and conceive of these questions they want to just push them aside and get on with things and I think that's really bad and dangerous and stupid and just stupid like there's there's ways to think through this stuff that are very can really improve your life and can improve your marriage, and they're not hippie nonsense, right and the and they're not you know snake oil salesmen stuff they're. They're quite practical. I WanNa, talk to you, but a couple of. Of the other episodes that we can may be covering somewhat rapid fire succession associated. You schedule Sex. What what are the experts say? Yes, I mean you know in this show we take all these questions and we we try get multiple perspectives on them, and you know definitely different perspectives and see how we feel about them. We literally could not find a single expert who said don't schedule sex. They all say schedule sex because you know the simple truth is. If you don't, you won't have it and you know the other thing is if you get to once a week. that is the equivalent in happiness terms of going from making twenty five thousand dollars a year to making seventy five thousand dollars a year so i. don't know about you, but when I went from that from twenty five to seventy five K that was like the most happiness that was the greatest increase of happiness that I could have so yeah. You do absolutely that one you know most. Most of these things, there's no AB testing for most the stuff, so you know most of the things we don't have as definitive answers that to these questions, but that one is a pretty straight. Yes, how about deciding who to marry? That's I haven't listened to that episode yet, but really fascinating. We talked to a a matchmaker traditional matchmaker who charges ten thousand dollars for a? A relationship and we also talked to a WHO works at NASA Jet Propulsion Lab. Who as a sideline has developed as algorithm for determining when you should settle essentially and so like we look at the math of you know. How do you pick basically and not nothing works I? Mean that's the that's the sad answer, but like when you get to when you get to like trust, trust your. Your gut doesn't make any sense, but also trust. The numbers doesn't make any sense I. Mean I think that's kind of a lesson in itself. When you're picking this, you're doing it with. It's very partial information game. It's an asymmetrical information game and you have to know that when you get married. You're taking a big risk. What about should we just get divorced? How do you make that call? Yet, there's a whole group again. See. This is the kind of thing that I think that there. There's a kind of practical. There's practical solutions to this like there's a whole group of scholars divorce ideation out there from various different political beliefs and very leg. They study how people get divorced, and I mean about forty percent of people in divorce proceedings. Regret it in court really. You know the lesson here is divorce is a wonderful thing. It's kind of the key. People underrate the power of divorce like divorce is key to modern life as In freedom of the press its that important because it means that we're not locked in these terrible relationships like there is a way out and super important for human liberty, but at the same time you won't understand that if you're thinking about divorce. Especially coming out a covert I, think take it slowly like to take take your time to do it because people get divorced for his bad reasons as they get married rate for emotional reasons that are really temporary, and they don't really think through and yeah like divorce slowly. The last one I want to ask you about is pretty profound marriage death especially now when you know probably number of long term, marriages have lost a partner. How does marriage survived death? In what is that look like you know we talked to? That was a very powerful episode. You know it was. It was a sign of its success that no one who dealt with it could actually get through the whole thing without stopping and crying like our executive producer couldn't edit it like had to keep stopping. The sound designer couldn't really get through it. He kept crying. I. Mean it's your worst nightmare. Anybody who's married well I don't know I think they're i. think are much worse things that can happen in a marriage actually certainly after doing this show, but I think the You know that we talked to a woman who texts her dead husband like three years after the thing that's so interesting is that the relationship doesn't really end. We talked to all these people for whom including my mother for whom they're dead. Spouse, you know. The fact of his death was just kind of one more fact in the relationship, and the relationship went right on. It's just without one person, and so you know what this show is really about the difficulties of marriage, which can be grueling like the housework, the money problems the sex problems like all this stuff, but that show really showed like it is worth fighting for like it is actually worth trying to work out because it can be incredibly powerful in life life-affirming. What did you learn about? Marriage is an institution and a concept while making a show well, it's very It's not natural. When we did the show about parenting leagues, the thing that we kept returning to the kept coming back was like love your children and express your love for them, which is actually kind of the most natural thing in the world really late. That's not a tall order, but with. Marriage even the best couples, even the luckiest couples. The most compatible couples are going to struggle. Because because it is, it is not a natural arrangement. It's not built into our biology to do this, and and so that means it's doesn't mean that it's not worth doing, and it doesn't. The institution isn't powerful. Because in some ways it's never been more powerful than it is right now, but on the other hand I like it does require a lot of effort and a lot of endurance. My last question is just did this podcast the process of making it make you a better husband, and as a follow up like I, asked before. Would your wife agree with that I? Know? Did and I I know she would agree with it for sure. You know I, think just the the fighting episode was a really big one. Where it's just like you realize like actually, there's no point doing this. If you really WanNa change, things like have a serious conversation about them. Don't get into these screaming matches that. End Up just backtracking on and nothing ever happens like and you know there was something there was some very serious sort of I mean not very serious, but I am medium sized family crisis and in the middle of doing this podcast, and because I did the show I was really quite a bit calmer than I think I would have been before i. was just like you know what it's like. I feel threatened, but don't, but it's just. It's just physiological. Just just let it go. Just let it go, and you think about it when you're when when sanity is returned I'm going to remember that advice when Rosemary gets mad at me possibly while listening to this episode. Well I. Mean I think one thing that's really important like you really realize that how much pop culture and media assumptions about marriage of created this impression like it's i. mean it's happily ever after whatever and it's just. It's nonsense I. Mean we all know it's nonsense, but you the figuring out how this works involves a lot of effort. It's hard to admit that to yourself that. That it's all nonsense, yeah, I think I think it's really shoved down our throats, and then we don't ask ourselves these questions like I. I actually assumed doing this I. Mean it's weird to think but I was like a forty year old man who thought that married people had sex three times a week. And then I talk to an expert and they're like no joking like. And it was like right. Of course, of course that kind infer even basic information is not really available even to married people. You're kind of just left alone to deal with it, and there's no reason not to know. There's no reason to be ignorant. Stephen Thank you so much for this and I look forward to listen to the rest of the show. That was pleasure. Give give my best rosemary.
Fresh update on "seventy five thousand dollars" discussed on Motley Fool Answers
"How much do people have in their 401K's these days wall these figures are gonNA come from four Fidelity's report that was as of the end of the second quarter. So as the end of June thirtieth. Since then the S. and P. Five hundred is up about seven percent plus people have been putting more money in their account. So if you were to look at the numbers today, they'd be a little higher but generally speaking the average 401k balances one, hundred, four, thousand dollars the average tenure is nine point, two years. But of course, how much you have in your 401k depends how long you've been participating. And how much you're making. So they also were kind to send me some figures for anyone who's been participating for fifteen years consecutively. By generation. So if you're a millennial you've been saving for fifteen years, you've almost two hundred, thousand dollars gen-x three, hundred and seventy five, thousand dollars in the boomers four, hundred and fifty thousand dollars so. More you're making the more, you can contribute the more money you have. There's also some interesting stats and again, this comes from the Morningstar article about. Basically. What how many plans we have by size the majority of plans have less than In assets fifty five percent in another third have only between one million and ten million assets. The reason this is important it is because the smaller your plan, the more you're going to pay. So the average all in cost of across all four one K. plans that includes administrative costs as well as the cost of investing in the mutual funds within the plant's. Point five eight percent. But for plans with less than a million dollars in assets, one point, four percent. That's how much those people are paying each and every year. Also smaller plans are less likely to have a match. So it's a real problem that if some of these people have a 401k chances are it may not be a very good 401k. End since I mentioned the match the most if you're curious whether you're getting a good match at your office, the most common match formula is fifty cents on the dollar up to six percent of your salary. So if you contribute six percent, your employer puts in three percent if you're getting a match higher than three percent. You have an above average match. So couple of things you might be thinking about this. If you've heard all this as you think, well, maybe I don't have such a good four one K. can I get the money out of my 401k? and. There are three basic choices. Number one if you no longer work there right. If you switch jobs or you're tired, you can always roll that money over to an IRA. Another way the majority of plans do allow in-service distributions. Allow people to move money out of the plant even if they're still working. Although the plan the plan usually has some criteria. The most common criteria is if you've reached age fifty nine and a half. So if you don't like your plan or if you're a motley fool reader or listener and you like investing in individual stocks and your plan does not allow that you're fifty nine and a half, you can move money out of the plan if your employer allows it..
What's in the HEROES Act $3 trillion coronavirus relief bill?
"Package it's titled the heroes act health and economic recovery on the bus on the bus emergency solutions act a proposal put forward by speaker Nancy Pelosi as she put it forward and house speaker Nancy Pelosi and immediately you know Republican majority leader in the Senate Mitch McConnell said essentially it dead on arrival but bad that the Democrats are going to push it forward in the house they'll probably build on it tomorrow that's the game plan right now and this bill is reflective of what's happening in the country right now the first accident with past were intended to try to you know stay Bothwell great harm they were passed at a time when we didn't know how widespread how long lasting these pandemic would be and what the impact would be and so things like the Kerr effect okay the cable protection program yeah that was trying to keep people employed for two months well we're now seeing that this unemployment is going to go on and on and on and on we've got now better than thirty six million people filed for unemployment so what they hear what that does is it tries to continue to show up individuals and families that are suffering who are suffering in the midst of this unemployment benefits to people who are now unemployed the additional six hundred dollars per week that the federal government is putting in on top of state unemployment claims that unemployment benefit indigenous six hundred would extend all the way to January of twenty twenty one those direct payments that have people making less than seventy five thousand dollars and couples making less than a hundred fifty thousand dollars that they would get another round of that another twelve hundred for individuals another twenty four hundred for a couple and on top of that where we saw with the last go around the five hundred dollars for every child in addition to the twelve hundred or the twenty four hundred this bill would provide for the families get an additional twelve hundred per dependent up to six thousand dollars in total that six thousand for the you know the individual the twelve hundred or the couple at twenty four hundred plus you know another twelve hundred per dependent up to six thousand
Americans start to see relief payments; some face a wait
"Many Americans should start getting virus economic relief money from the government this week the IRS tweeted over the weekend it had started depositing money straight into taxpayers bank accounts and is working to get more out as soon as possible for those who do not have direct deposit information on file paper checks will go out later this month any adult to making up to seventy five thousand dollars and adjusted gross income with a valid social security number will receive twelve hundred dollars that number quickly gets smaller for those making more rand anybody earning above ninety nine thousand won't get anything the phase out works much the same for married couples Sager make ani Washington
Not everyone is getting a $1,200 coronavirus stimulus check. Here's who will be left out.
"Not every American will be getting a corona virus stimulus check the federal government is sending every taxpayer who earn less than seventy five thousand dollars at least twelve hundred dollars and
Federal stimulus checks expected to start within days
"Arkan should start seeing stimulus money showing up in their bank accounts the government is sending every taxpayer who earned less than seventy five thousand dollars at least twelve hundred dollars the government's sending the money to bank accounts if it has that information on record if not it will mail a check but those checks probably won't arrive for
Economy Week Ahead: Jobless Claims, Fed Minutes
"She is not a doctor but she is a financial doctor that would be any Wagner simply money here at six a six week nights with Nathan Bacharach on fifty five KRC our sister station and the question is if you have an tight your belt or haven't cut costs you probably are the only one who hasn't done this in a business as well as a personal sense it's about about pulling it back right now which is the exact opposite of the message we're kind of getting from the government or from the I guess the financial people is that Hey we want to give you stimulus not to pay bills often not this pad your bank account but to go out and actually stimulate the economy so right away me those two things are at odds with one another I think they are in and that's the thing right sometimes what you're given and if it what you do with it two different things because the government does they want the garden center right now they want to keep the economy rolling again but from an individual standpoint for most Americans were not at a place where that makes the most sense right now so you can't look at it with what's the attention here you look at it okay what's best for my family right now you know we just passed April first last week for many that your mortgage with you know your rent would you build for deal and it was probably also the first time you get a paycheck coming in at eight thirty so that at this point more than half of Americans say because of this coronavirus you have cut back on your spending intentionally right now because either you don't have the job anymore you don't have the paycheck you've been furloughed or you think it could be coming and I think there's probably very few people out there who can be really confident that on the other end of this their financial situation is going to be as good as it was going into this at least you know not the first few months after we come out of that so I think the fact that the Americans are pulling back which is a good sign right that we get it we get the gravity of the situation you know with all these checks are supposed to go out well I think checks the money supposed to go out to leave the latest that we have seen beginning April nineteenth so this week right Thursday from the fourteenth but here's the thing it will be directly deposited into your account yes you have provided that information to the IRS when you have filed your taxes so it's going to be direct deposit if you got a refund the yes and the government yeah absolutely and the government has access to that information already here's the problem for someone who has like I have a friend who owns a little bit every year she does that cancellation thank account information that's the thing to get the actual physical check could take as long as five months wow yeah I mean that's the physical check because it takes your everything shut down so it was not yeah yeah if you're able to really look back and say if I if I file taxes do they have that information on me and if they don't understand if you were counting on that money if your account to pay your bill this month to pay your rent does not care mortgage whatever it is even be much longer before you know that that white horse come galloping into your bank account well you've got to cut costs in the main that's what's happening right now you're looking at you're probably spending less to because you're stuck inside you know go to the grocery store obviously is a lot cheaper than going out to eat or even going to carry out you know because you're going to get it Indian people are there is nothing on the store shelf that told me people are not only buying food but they're they're cooking food combine this with the fact that some six point six million Americans have now filed for unemployment last week which numbers we haven't seen in a generation I mean well I'm from just a few hundred a week or a thousand a week to six point six million and that's our main number is well today we will six point six million in the week the closest this was during the Great Recession and during the Great Depression a weekly jobless claims were about six hundred and fifty six hundred and seventy five thousand dollars during the time that was the historical Hyde Park right going into the S. eight now where it can hide that point six billion in one week and it's only getting worse if you know people and I know people too I think it's one thing to talk about the numbers six point six billion but I think they well you know I know people who've been settled I know people who've lost their jobs I know people who do not know how they're going to pay their bills she said it either it is scary yes cutting back at this point the only thing that makes sense I think you do make a great point out here even if you tried probably that bloody on the level that you were before you know you're not going on vacation I think that you don't have a hell of a commute getting to and from work every day you know thirty minutes when I usually thought my gas tank about twice a week I guess thinking about three weeks now well you know I mean I I do TV for fox nineteen I do it here at my house you know we do your show that's your mind also I don't go anywhere really except maybe to Kroger once a week you know in in that for a lot of people is the phone number you mentioned if you go get Kerry out what did you do before you went down down maybe you had a beer or a glass yeah maybe you had an appetizer all of those things it really would be hard pressed to stand at the level that you were before and I think that's a good thing personal standpoint south of an economic standpoint making the economy up and running again you've asked a great question the possibility which is that I think this is gonna be different for every person coming out of the office spending look like when we come out of this what is that look like for you what does this have to do with what the GDP forecasts are in it right now here's the other one to Amy is that we just heard yesterday that file to the president said that the next two weeks are going to be our Pearl Harbor eight and when the present United States who's been in some cases overly optimistic about things right to be criticized for being too optimistic about this says it's like a pearl this can be like a Pearl Harbor it is going to be it two weeks like we have never seen before what does that tell you then about the economic realities of not only these two weeks but the subsequent two months I think it's gonna get worse for me look at today the market's opening up markets are up today because there were some good sign in Europe you know Germany number that allows the numbers are getting better at that side of hope somewhere I'll try to you know ability to our market right now saying okay maybe there's hope out there but the reality is you're here in the United States however we have not yet seen the worst of it you know it and I think that you don't have a crystal ball here I cannot say you know how much worse the market's going to get really get worse what day will be the bottom it'll come back up with no idea but I think it's probably safe to say we haven't seen the worst of this we're going to continue to have days that we're going to continue have down there as this plays out because I don't think we probably have seen the worst of it how about a health standpoint in our country yeah from humanitarian perspective and it got worse there the park it will respond to that but I do think if it's worth repeating thirty that coming into this situation we had a strong economy really across the board on all fronts any way that you would expect it anyway that you wanted to look at it it was shot then we have this we can call it a similar package it was incident packed it with what our country regardless of politics at this point people needed tax businesses need cash businesses need a way to keep people on the table is it going to be enough I don't know is what the fed is doing right now right it did not interest rate but the store closed at the same time and putting money into the bond market China right the ship they are all of these things together hopefully are getting everything lined up to where okay when we get to a point in the United States will retail these cases are starting to decline we are starting to see the light here people are starting to go out again and it in turn okay about spending money again at that point we hope everything is that in place where the economy takes back off and I will across the board most economists feel like okay when this is done how we will rebound from this late in for some individual people it may take longer than others it's it's really kind of how you have yourself set up coming in today she can lead to the point that we make still on a radio show pretty often the fact that like we had a really good stretch there where it's not like you could do no wrong she felt like every time you open your four oh one K. it would look good were brilliant you know you were making smart decisions her name we did during this time when that when there is the calm before the storm think about what it feels like in the storm what a Johnson CD tray to prepare for the storm right to you are you interested in what does that look like you have urgency five do you have a all of these things in place for a day like today well it doesn't help yeah and if you if you don't A. B. Wagner from simply money it's that you're not gonna do it today this is why I have the plan going into it so if you're in the state right now what can you do right now if you were to by cutting costs we're not cutting costs will personally to look at what where the money is going and where it is essential hi I'm calling and it also communication is key here because if you're looking at it if you're saying it doesn't matter even if I cut down to the bare bones budget here there's still a lot of money coming in to cover what have to go out did you have to prioritize what bills cannot cover what bill can I not and you have to communicate with whoever that is she didn't do better G. is that your landlord you know what isn't the water bill whatever reading if the call those places and ask you understand that there's two sides to this queue you know in a lot of states right now you're not going to be affected I think there's at least thirty four states have enacted rules right now saying listen if you're a renter you can't pay your rent right now you have so much time if you can't pay your mortgage right now you have so much time but on the other side is that person who owns ten unit who count on that income rate in into the give and take about parts on the other side deserves to be in the loop what can you reasonably be able to do can can they come back and still get something that this is a conversation that has to go on and for those of you who I think everyone in this place I'm gonna put my head in the sand and dumping it back down until this is over and I don't deal with it you're going to be a far worse situation at that point you have to be communicating right now gotcha you can cut those things down so warn about cutting your costs on yeah I mean we're not now suffer what about gonna even like subscriptions and things like that right and you know now well but you know what you gotta do something while you're inside you're gonna get ready your Netflix account now well I don't think you have to get rid of Netflix but I guarantee if you look back at your credit card bill over the past few months our subscription ball there but you're really not using even during normal times researchers such as if I asked you study how much you spend on this computer probably about eighty Bucks a month and then we look at your credit card bill and if we go through with a fine tooth comb and the
Coronavirus checks, direct deposits are coming
"With businesses closed in people seeking help government relief checks are due in several weeks our Ben Thomas reports anyone earning up to seventy five thousand dollars and who has a social security number will receive a twelve hundred dollar payment married couples filing joint returns will receive twenty four hundred dollars if their adjusted gross income is under one hundred and fifty thousand it will be directly deposited in your bank account if the government has that information from your tax return
Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation
"Days after a record three point three million people filed for unemployment the federal government acted to bring economic relief to those hit by corona virus A. B. C.'s Devin Dwyer has more from Washington financial relief for millions of American families is finally in motion I never signed anything with the G. on it president trump signing a historic two trillion dollar emergency aid package the largest in US history I think we're gonna have a rebound like we have never seen before millions of Americans hit by the crisis will get direct government payments in early April twelve hundred dollars to individuals earning seventy five thousand dollars per year or less plus a five hundred dollars per
Trump signs $2 trillion coronavirus emergency relief bill
"Coronavirus relief package approved by Congress this week and signed into law by president trump includes billions of dollars in aid for low income Americans but advocates say much more will be needed in the months ahead and they're pushing for additional relief as NPR's Pam Fessler reports the legislation includes billions of dollars and housing assistance expanded unemployment benefits and one time payments for those earning less than seventy five thousand dollars a year it also puts a moratorium on evictions for financially stressed renters Deborah Weinstein who heads a coalition of groups that advocate for low income families says the bill provides much needed aid to millions of people but there are missed opportunities said to make sure that they help really reaches those who need it the most advocates had sought to increase food stamp benefits and they also say billions of dollars more are needed to care for the nation's homeless population during the
Senate stimulus deal includes individual checks -- but don't expect the money right away
"There is help from the federal government coming senators unanimously voting to approve a two point two trillion dollar economic stimulus package one aimed at helping out American workers and corporations were suffering through the shut down as part of that bill the government will send people earning seventy five thousand dollars or less a twelve hundred dollar check plus five hundred per child those earning up to ninety nine thousand dollars a year we'll get a smaller check checks will go out on April six it could take four or five weeks to reach those who will get it by mail those they get direct deposit could get it sooner
Coronavirus relief bill moves to the House for Friday vote
"Senate overwhelmingly passing a two trillion dollar package aimed at economic relief in the face of this coronavirus Senate Majority Leader Mitch McConnell says he's grateful to see the total support now for the measure would prevent it from impeachment two hundred nothing almost rescue package but this is about as flawless as you could possibly be a the bill will send cash to businesses as well as to Americans to help keep the economy going and to help you out most Americans who make less than seventy five thousand dollars a year this includes all ages eighteen and up we'll get a twelve hundred dollar check if they have children the kids under seventeen will get a five hundred dollar check the house will start working to pass the massive package they expect a vote on Friday hopefully they won't mess
What's in the $2 trillion stimulus package?
"So what exactly is in the corona virus stimulus package the the release bill was gonna send some direct payments to taxpayers apparently lawmakers have agreed to provide twelve hundred Bucks in direct payments to taxpayers with incomes up to twelve seventy five thousand dollars per year and then it will phase out all together for people earning ninety nine thousand dollars a year or more or less last year well last I checked those people have expenses too and they're out of work some wondering why exactly were means testing this thing like seriously if you are a hundred thousand dollars last year which by the way is not a ton of money in LA or New York it's a ton of money in the middle of the country a hundred thousand dollars in LA or New York a hundred thousand dollars is really not like tons of money it isn't okay that's like upper middle class in LA and New York it is certainly not top one percent in LA or New York mean rents out here normally in LA for aid let's say I but let's say a two bedroom apartment in like Sherman oaks right would be probably two thousand dollars a month is that is that not right like a decent two bedroom apartment and asking call news producer leasing three thousand maybe three thousand months or twelve hundred Bucks is not exactly going to do it right that that that that that's certainly not enough for people and then not only is it not enough for people to phase it out at ninety nine thousand dollars a year is totally insane okay the it would also give families an additional five hundred Bucks per child which again in gonna do it unemployment benefits are gonna grow substantially go to many more Americans this is already in the original bill the original bill out for three months of unemployment Democrats are trying to extend it to four Democrats would love to extend it forever because they wanna make sure that everyone gets paid no matter how on willing they are to work are you a member of the IOC said this in her green new deal proposal that people should be paid whether they were unwilling or unable to work just lumped in unwilling to work like okay I don't feel like going to work today pay me anyway now again well this is going on it is perfectly appropriate to provide people compensation for the salaries they are being denied by the government but once this thing ends we're gonna have to transition over to an economy where people actually are encouraged to get back to work and that means not incentivizing people to stay home from work and that means that this can't last for six months by the way if if we're still paying people to stay home from work at their initial salary rates in six months the economy is toast basically it was just recognize that at this point small businesses will receive emergency loans but only if they keep their workers so the federally guaranteed loans available community banks will only be available to small businesses the pledge not to lay off their workers the problem of course is that immediately all those workers will be laid off when the crisis ends because the market's not gonna be there the long lasting effects of destroying markets is going to be that takes a little while for those markets to recover which means that companies are not able to prepare for the future what you really need is generous unemployment compensation which is in the bill any loans available to businesses to act like businesses and what they need to do to prepare for the future so that when this economy does kick back in and they're ready to hire up again as opposed to firing people distressed companies can receive government bailouts but with strings attached if you are a distressed company then the then you may have to take the government owning stock in your company Boeing is artist I'm not doing that is it will just lay everybody off on your own stock in a company we're not going to let the government run a company so if you want to if you want to we just won't take the long would rather go bankrupt and let the government run a company by the way I feel exactly the same way if the provision for daily wire work that we have to take a loan from the government in order to move forward but the government now gets to sit on the board of the daily wire forget about it seriously forget about defeats the purpose of our company Democrats also secured a provision ensuring it from family businesses can't receive loan money through the fund which which is absurd I'm sorry it's an absurdity it is ridiculous the people who work for the trump organization are still human beings if you work for the trump hotels you still have a job by the fact you're gonna lose your job in the trump name is on the hotel that's not really a reason why that why the trump hotel should be treated the same as a Marriott or Hilton obviously companies that receive money also cannot engage in stock buybacks for additional year after receiving government assistance which of course means that the stock market is gonna remain low because what do you think companies do when they feel they're undervalued they buy back their stock from the outstanding from outstanding stockholders and then they re sell the stock in order to raise money for future capital raises right that's why you buy back their stock so there's some good stuff in here there's some bad stuff here but bottom line this is there is nothing passed today meanwhile the New York times wanting son of monies we're gonna pass the biggest pending bill in the history of a planet earth bar none and son of money Jim Tankersley says if you wanna shut down our economy to fight a pandemic without driving millions of people and businesses into bankruptcy you need the government to cut some tracks across AmerisourceBergen leader struck early Wednesday morning we'll get a lot of checks in the mail those who only a few months of financial pain well right that's that's sort of what we're designed to do I mean we can't do this forever what do you think the money comes from there's a reason that the interest rates on on short term bonds and it has not dropped below zero I mean the fact is that over time those interest rates can rise again because the demand is going to fall off fairly intensely in fairly quickly Mohammed al Arian from Ali ons has a piece over at Bloomberg today talk about what needs to happen he says before the feds more laser focused emergency measures March seventeenth and congressional progress on the two trillion dollar stimulus package this week economy and markets were heading rapidly into a self feeding a vicious cycle of accelerated economic and financial de leveraging with that with that can threaten the nineteen thirties like economic depression meaning that banks should start to call in their loans it would be very difficult to get alone emergency monetary and fiscal policies enacted circuit breakers but the bottom line is that D. D. only thing that's going to alleviate this thing is going to be the alleviation of the crown of iris disaster itself all are into it Mohammed el Erian says the higher quality segments of the bond market are turning away from the illiquidity path that leads to market failures which is good emergency cash handouts and loans white house in Congress are set to authorize have the potential to enhance the ability for companies to avoid immediate layoffs and for households to meet urgent needs but in the long term we're going to need to see some alleviation of the underlying crisis right this can't just continue indefinitely meanwhile Chuck Schumer is is it's very where there's a big disconnect between Chuck Schumer the senator from New York and policies of Lowe's is we say is holding this thing up Chuck Schumer was spending the day talking about how big help is on the way this thing is inevitable were moving toward conclusion here it was Chuck Schumer saying big help is on the way we're we're gonna get this thing done to the American people we say big help quick help is on the way
Upgrading Lifestyle vs. Saving for the Future
"I'm hoping you can help me walk through of the things So by way of background just turned twenty. Five I make around seventy five thousand dollars a year nine thousand dollars. Student loans I purchased a single Family House. Two years ago with the intense house actor years by another house rent the first property and then repeat that strategy into financial dependence So in my four Bedroom House. I had three roommates college buddies for the first year. non down to one remain. Who's covering have my mortgage payment but as moving out in the next twelve months I didn't really know what I was getting into when I bought the house. I'm GONNA came to repairs maintenance that kind of thing But I knew the math made sense and I feel I learned a lot about my local market and what works required in general. But I'm not positive I'm ready to continue growing or by another place yet. So I'm conflicted because the math make sense for me to continue my initial plan so by another place rented out for another first place and continue But I'm also at a point in my career where I'd like to spend more time developing my profession. will also spending meaningful time with family and friends take medication vacation. Etcetera While I mentally young So I really like to hear your thoughts I'm I guess your thoughts if you were in my shoes or what things you think. I should be considering going forward. appreciate it. How much how much How much is your monthly mortgage payment dollars? Mega simple now. How much did you pay for the house? One fifty five. How much could you sell it for today if you put it on the market Based on the most recent like Jesmyn in the range of I'd say one seventy I think. And how long have you lived there? Two years came. Why have you not rented out the other two bedrooms? Thus far after the other roommates left so the idea attacking you sounds great and it was financially But after graduating out of college I was Kinda done with college lifestyle so You know just little things like that with roommates that you know can drive you up a wall. So that was the primary reason I was content with having each one dropped and then you know I was. You know more peace in the house. So I figure I'd be paying rent anyway like most people so the fact that I have covered now is okay but with my roommate. Moving out you know in about a year. I figured it would be a good time. I wanted to make the move. It would be now ran out the house entirely and then you know. Continue so the problem that you're facing is you're not trying to make a financial analysis what you're trying to do is justified to yourself a fancier lifestyle which. I if you want to. Of course you can. But it's not a financial question But you you're just simply trying to find a way to live fancier lifestyle you want a fancier lifestyle with fewer roommates. You don't want as many people in your house. You want more personal space. You're tired of living like a college student being crammed four to a little house and you want a little bit of space. You probably want your house just how you want it. You want the decorations. Just tell you want them These are all lifestyle decisions though basically use. They're all a matter of you saying hey this is how. I WanNa live when you talk about wanting more time. You're not trying to get more time so that you can make more money did say folks in your career. We'll come back to that in a minute. But you're saying I just want to work less right. I WANNA have less time with work. I don't want to always be managing my rental house. I don't always be working in my career. I want more time. This is a lifestyle decision and not something that is financial. The only thing that you mentioned that his financial would be your career the ability to focus on your career and could you increase your income significantly By focusing on your career. But you're going to have to decide. How much do I want to be rich? How much do I want to be rich? Fast versus how much sacrifice do I want to make? In terms of lifestyle people who become rich quickly are generally those who sacrifice in terms of lifestyle by going ahead and getting more roommates or figuring out another solution that has that that helps them to satisfies the problem to make it sufficient where they're willing to do with it or their people who generate such a massive income that they can satisfy their lifestyle needs and goals while still getting rich quick. Those are really the only two paths. I see so the income one is certainly the way that you can increase lifestyle and increase your wealth building ability. I teach a whole course on on Career and income planning and the thing that I always point out is if you WANNA double your lifestyle and you WanNa Double Your Savings. The only way to do that is by increasing your income and so if you sit down with your career and you say you know what. I Really WanNa have you look yourself in the mirror and say brandon. You're sick and tired of living. I'm sick and tired of living college. Student I WANNA have a nice house not only don't WanNa four bedroom house but I wanNA fancier four bedroom house Not only do I not want only one one one roommate. I want no roommates. I want the entire house for myself. I want to have turn one of my bedrooms into a movie theater. I WANNA turn one of my bedrooms into a guest room. I WANNA turn one of my bedrooms into my computer room and I want to have my other bedroom. Just my my sanctuary. Well you could do that. But you're not going to get rich unless you massively increase your income and so if you can go from seventy five thousand dollars a year to two hundred seventy five thousand dollars a year then you can increase your lifestyle and you can increase your savings both but if you're just going to keep it seventy five thousand dollars a year and say well I'm making seventy five thousand dollars a year and I'll get little three percent raises etcetera. Then you're not gonna get rich that way and so you have three choices as I see it. Choice number one is you can say. I'M GONNA keep my income is probably going to stay about like it is and I'm GonNa keep just a little little increases etc and I want to get rich quick and so in order for me to get rich quick. I'M GONNA give up lifestyle and so no. I don't love living with four room at three roommates but I'm GONNA go ahead and do it And I'm going to stay on the original plan because that plan will help you get rich fairly quickly. Even with a seventy five thousand dollar income it a work number two is you could say I want a nicer lifestyle but I also Wanna get rich quick in which case. I've got to figure out how to make more money so I've got to move from a career where I'm making seventy five thousand dollars a year to making two hundred seventy five thousand dollars a year. And so how can I do that? I'm twenty five years old. How can I by the age of thirty with what I have? How can I set a target to be making seventy five by the age of thirty but if you do that if you increase your income then you can also then a justified the increases in your lifestyle and you become rich quick or choice number three is you can say? I don't want to do the hard work necessary to increase my income. I don't WanNa Change. I don't want to do those kinds of jobs. I'm comfortable where I'm at. I I WANNA have a nicer lifestyle and what I'll give up is. I'm just going to give up getting rich getting rich quick. I'm GonNa live in a nice house. I'm GONNA LET GONNA pay my mortgage off for a long time not GonNa have any roommates or I'm going to sell this house and just move into a you know a a studio or whatever other living arrangement you have and I'm going to be content with getting rich over forty years instead over over ten but those are the three choices that I see Do you have yeah absolutely. I think I need to hear that too. So I appreciate it Next a lot of times what I would do. If I were in your shoes would be. I would suck it up on the roommate situation. I see no reason. Why are you married Brandon Twenty? Are you single married singled girlfriends or year and a half? That's something that's you know. I'm horizon well if you get married and of course things change And you had to do that but I would recommend that you make that decision separately And if if I were in your shoes I would say number one. I'm twenty five years old. It's ridiculous for to be complaining about lifestyle at twenty five years old. If you care about wealth now you complain all you want but if you care about wealth. It's ridiculous complaining about lifestyle. I wish that I had been far more hardcore at twenty five and I was pretty hardcore but I wish I'd been far more hardcore. I wish I had worked a lot more than I worked. I wish I had invested a lot more than invested. I wish I had lived a lower lifestyle than I lived. You can do a whole lot of things when you're twenty five years old and single. That are a lot harder to do when you're thirty five married with children and so I wish I had worked harder and I worked harder than most people but at this point in time if I were going back if I were twenty five years old I would be working seventy to eighty hours a week. I WOULD BE LIVING IN ONE BEDROOM. Four bedroom house or I would probably have an RV parked out. And I would run out the fourth
Comparing Graduate Degree Programs
"We're going to begin today with Daniel in Virginia Daniel. Welcome to the call. How can I serve you today sir? John thanks thanks so much for Talking to me I'm I'm pretty new to the radical personal finance but I thought I had a question that I've been searching through the back Cadillac Cadillac four and it. It just kind of concerns a master's degrees and Basically situation as my girlfriend is looking at doing a masters this fall and she's kind of apply to programs and gone in and basically. I just wanted to get your thoughts on. How should I think about Paying and kind of helping her out and basically She She. The cost of programs are Efficiently different one is twenty thousand dollars And the other is basically eighty thousand dollars and she makes about forty thousand dollars right now on could make you know maybe fifty sixty k when she finishes in two to three years and You know I make About seventy five thousand dollars a year and I really liked to to help her out in some way But I just want to know how how you think about kind of comparing those two programs they obviously have different reputations but they have vastly different costs. And just you know any any advice would be really appreciated. What would the masters degree be in? What areas of study it? It is in international development and they're slightly different focuses on the programs. But but that's basically it when you say that her income would go potentially from forty thousand dollars to fifty or sixty thousand dollars. Would she be would is that a guaranteed a pay increase for example her current job where she's happily employed says? If you have a masters degree will pay you an extra ten or twenty thousand dollars per year or is that a guess as to what she would now be qualified to go out in the marketplace. And look for. Yeah that that's definitely a gas. Josh not not guaranteed. How much money does she have currently saved pay for a master's degree? She has twenty thousand dollars in cash and and about ten thousand in investments. Does she have any other debt other than Does she have any of the debt? Currently I note that neither of us have debt and the difference between the twenty thousand dollars school in eighty thousand dollars school. I would imagine one is much much more prestigious but is there any sense that you can be confident that there would be a a major difference in her job prospects if she had the name Brand School. I so I do think her job prospects would be better with the name brand school. It's hard to really quantify how much better the prospects would be you know. It's a bigger alumni network and A more recognized program. The twenty thousand dollars program has it's only about five to ten years old kind of thing. Well here's how I approach it. Just kind of a few things got a lot of color to give you a fairly brief answer and just hit some hits is high high points on it for you so number one. It's dangerous for you to do financial planning together with a woman that you're not married to if you want to give her money and just simply say here's a gift of money then of course that's always you're right and I'm sure she will appreciate that. But given you have no legal protections of marriage you should not expect that there's any guarantee of your quote unquote investment into her education so marriage. If if you if you're married to somebody then you get divorced while then the judge sits down and you look at how much of each of us contributed etcetera and who's earned money and how we supported one another and things like supporting your spouse while you're spouses in school. Become a meaningful part of divorce settlement when you are unmarried unless you have some kind of financial agreement between the two of you which you can do as unmarried people then you just simply need to think that any money that I give. Her is just simply a straight gift and so from that regard from a financial perspective. That's not necessarily a very safe thing for you because you're giving money to somebody with no guarantee of return now. I doubt that that's a big concern for you. But as a financial planner need to start with number two with regard to a masters degree. I'm a fan of education and I think that generally more education does help I I question if credentials ation is necessary in many careers but there are some careers in which it really is helpful. I have a masters degree myself. Someday I my guess is someday I'll do a PhD at the moment. It's not interesting to me but someday because I'm the kind of person who likes to check off list okay. I'll get a PhD. But what I do think makes sense is to not overpay for it and I would be shocked if the eighty thousand dollar degree turned into that much more of job options that couldn't be achieved with twenty thousand dollar degree now. Is it possible sure? Are there field in which the the right network makes all the difference certainly You can make I think a strong business case at times for something like going into a name brand education ED- education market getting the Harvard. Nba Because of access to the alumni network because of access to the job offers. Sometimes you can make a very strong argument for the name brand law schools. Because of getting the plum the plush the pump plum internships. The really the really high level introduced with the high firms and that pedigree can be very very helpful for you that said It's a lot of money and so I would not go into debt for a master's degree and so what I would say. Is that if she wants to pursue the name brand degree I would either figure out a way to simply pay out of pocket for it Working her way through. Maybe you have to do it. More slowly or I would find a way to get reimbursed as part of a job so changed to a job where there's GonNa be some kind of reimbursement system otherwise I would go with the lower cost degree. I think that if you go with lower-cost degree you can check the box for credential. Ization yes. I have a master's degree and then on the side. You can access any social network yourself. You can access any demonstrate any level of capability you can study To whatever degree you want I have never found With the exceptional a holden exception for a technical study like perhaps something like Law School Engineering School But in international development I cannot imagine that that the the actual course of study makes a difference in her knowledge. You can learn so much more as a self taught student and you can advertise yourself so much more without necessarily having to get the credential that to me. It just seems like a waste of money if I had the difference between twenty thousand dollars. Eighty thousand dollars available as far as Of of of of money What I would do is I would focus first on getting the twenty thousand dollar degree and then I would take the time on the on the side to market myself. Effectively build a career oriented website. Make sure that I'm systematically building my presence in the field. You know an international development podcast is going to be far more helpful for her than You know where she gets to meet everybody. That's going to be the most helpful. And most impactful way for her to build her career versus getting an eighty thousand dollar degree. And so if I had the choice between spending twenty thousand and eighty thousand I would go twenty thousand because I have the money and can pay for it and then I would invest money into developing my brand reading the books doing the projects writing the papers writing the essays writing the blog. Post writing the books that are not a current that are currently needed in my field of study and relieved the financial stress. The only exception would be in my opinion if you found somebody who some company that we're willing to pay the full price of the degree and then in that situation things would be slightly different.
Lori Loughlin's trial date is set in college admissions scandal despite claim of new evidence exonerating her
"One could be a twist in the ongoing college admissions cheating scandal new potential evidence says showed up CBS news correspondent Nikki Batiste it's been nearly a year since Rick singer pleaded guilty to charges including racketeering and fraud as part of an alleged scheme to buy students admission to top tier colleges but a new memo from defense attorneys for Laughlin and her husband Mossimo Jian newly claims the government instructed singer to lie to clients by calling their payments bribes even if he'd previously characterized them as legitimate the memo contains a note singer wrote on his iPhone about his discussions with FBI agents in one exchange he called loud and abrasive singer said they continue to ask me to tell a fib and not restate what I told my clients as to where the money was going Lachlan NG a newly paid half a million dollars to USC allegedly so their daughters could attend the school they've insisted the money was a donation but they're accused of taking additional measures to cheat the system like making a fake resume for one of their kids this comes after other defendants caught up and singers web like fellow Hollywood actress Felicity Huffman not only pleaded guilty but finished serving prison sentences that includes former New York attorney Gordon Caplan who admitted he paid seventy five thousand dollars to have the answers on his daughter's ACT exam correct it in his notes singer wrote that investigators wanted to quote email Gordon at all costs and asked him to solicit additional payments from Kaplan for that purpose it's an embarrassment for the government Laurie Levenson is a former federal prosecutor she says singers notes it should have been turned over a long ago and they bring both his and the government's credibility into question the kids the defense some ammunition to say that in fact Laughlin others didn't really agree that this was a private this is a positive development for Lori Laughlin we don't know whether it will clear her to make the case go away but we do know that it puts the government on the defensive a judge what is set to decide trial dates for Lachlan and other figures implicated in the scandal but her defense team is asking for that proceeding to be pushed back in light of the new information and detailed and singers notes they call the government's previous failure to disclose those notes outrageous is actually speaking with our legal analyst Rikki Klieman who says for Lori Loughlin they're still really no way around the fact that she made fraudulent resumes with demi photos to make her daughter look like the athlete that she
Lawyers say new evidence clears Lori Loughlin in college scandal
"Lawyers for actress Lori Loughlin and her husband say new evidence proves the couple's innocence in the college admission scandal the update now from CBS's Nikki Batiste it's been nearly a year since Rick singer pleaded guilty to charges including racketeering and fraud as part of an alleged scheme to buy students admission to top tier colleges but a new memo from defense attorneys for Laughlin and her husband Mossimo Jian newly claims the government instructed singer to lie to clients by calling their payments bribes even if he'd previously characterized them as legitimate the memo contains a note singer wrote on his iPhone about his discussions with FBI agents in one exchange he called loud and abrasive singer said they continue to ask me to tell a fib and not restate what I told my clients as to where the money was going Lachlan NG a newly paid half a million dollars to USC allegedly so their daughters could attend the school they have insisted the money was a donation but they're accused of taking additional measures to cheat the system like making a fake resume for one of their kids this comes after other defendants caught up and singers web like fellow Hollywood actress Felicity Huffman not only pleaded guilty but finished serving prison sentences that includes former New York attorney Gordon Caplan who admitted he paid seventy five thousand dollars to have the answers on his daughter's ACT exam correct it in his notes singer wrote that investigators wanted to quote email Gordon at all costs and asked them to solicit additional payments from Kaplan for that purpose it's an embarrassment for the government Laurie Levenson is a former federal prosecutor she says singers notes it should have been turned over a long ago and they bring both his and the government's credibility into question the kids the defense some ammunition to say that in fact Laughlin others didn't really agree that this was a bribe this is a positive development for Lori Laughlin we don't know whether it will clear her to make the
"seventy five thousand dollars" Discussed on Newsradio 700 WLW
"You really have three problems. The lost value is actually just one problem. The second problem is the time that it takes you to make back that loss. But the third problem is this it is almost impossible for you to regain that loss, especially late in life. Limit. Let me explain. If you have a market exposed account and the market drops by fifty percent. And then the next year the market would go up by fifty percent. What's the average rate of return for that two year period? Well, it's zero right. That's right zero. And that's exactly what your broker would put in those prospectus. He hands you when advertising the returns for that particular account over that two year period. But there's a difference between Wall Street math and the math the rest of us learned in grammar school. Let me explain let's put some numbers to this scenario, if you have a market exposed account with a let's say one hundred thousand dollars in it and the market goes down by fifty percent that leaves you with fifty thousand dollars, right? But next year if the market were to go back up fifty percent on your fifty thousand dollars how much would you have then seventy five thousand dollars. That's right. So with Wall Street math. I'm told my average return for those two years was zero. But my account actually tells me I'm still down a negative twenty five percent. See there is a big difference between zero and negative twenty-five. Wouldn't you agree yet?.
"seventy five thousand dollars" Discussed on WCBS Newsradio 880
"Evict residents for using it to the private treasures of Frank Sinatra and his wife, Barbara Pullin big money at a New York auction Sotheby's reporting, the couple's entertainment memorabilia, art, jewelry, books and other personal items sold for nine point two million dollars. That's about twice the presale estimate and three in investigation into the inner workings of CBS news now focusing on abuses at sixteen minutes. And a woman who says she was assaulted multiple times and had her career ruined by executive producer and creator. Don Hewitt, get more from CPS Vladimir duty and its fifty year history. Sixty minutes has been run by just two executive producers. Don Hewitt, and Jeff Fager both now named in that report examined exclusively by the New York Times. Sixty minutes is operated so autonomously from the rest of the organization that investigators found that the lack of oversight really enabled people to behave in ways that went unchecked. According to that report that autonomy led to misconduct by some sixty minutes employees, including its creator. Don Hewitt in the nine hundred ninety s a former worker claimed Hewitt's sexually assaulted her on repeated occasions and destroyed her career they found the allegations to be credible. And over the years the settlement was renegotiated six times as recently as this here, and in total CBS has agreed to pay five million dollars and on top of that five million. They have agreed to pay seventy five thousand dollars to the woman each year for the rest of her. Life Hewitt retired in two thousand four and died in two thousand nine Fager his successor as also faced allegations of sexual misconduct. Investigators reportedly determined CBS news was justified in firing him earlier this year for sending a threatening text message to CBS correspondent Rica Dunkin who was seeking favors comment on allegations of misconduct allegations that he denied, but according to the draft report viewed by the times in more recent years, the broadcast has promoted more women to producer and two other senior roles faker says he regrets sending the tax but says he intended to demand. Fairness Fager also says this report shows, sixty minutes is a good place for women. The report also found that there was not a toxic or frat house environment for women at the wider news division, but less than twenty four hours after the New York Times published their report more than a dozen individuals have come forward to challenge that claim. CBS spokesperson is not commenting on the investigation. New York Times says investigators have spoken hundreds of people while conducting this investigation, and it is still ongoing WCBS CBS news time seven forty eight..
"seventy five thousand dollars" Discussed on New Jersey 101.5
"Seventy five thousand dollars. They're saying that barely covers the expenses. So how much do you make? And do you feel like you are living paycheck to paycheck, and it could be that you're making one hundred and fifty thousand dollars and you're still struggling let's go to another. And you could be anonymous like this anonymous caller in Tom's river. You're on New Jersey one a one point five. Hello. Hello. Hey, how you doing guys? Good. Yeah. Great topic. Yeah. So I am the guy that makes double hundred fifty thousand dollars in New Jersey. And I think they're number might be a little skewed because you know, I don't have a lot of money. I'm not living a life of luxury vacation, we'd go out to our dinners and stuff like that. But you know, you throw in what am I have two kids, you know, difficult general for personnel sold in one of them's in college. Now, as she drives like, you know, there's a whole bunch of on your right there. I didn't even I haven't even thought about my oldest is nine or to think about those things yet. But my God, right? Just the drive ten years old. So in seven years, I thinking about that again, what am I gonna have to make two hundred thousand now to stay in the jersey? Why kids need to get a job? Now, they want to drive in the college. Seven and eight years. Yeah. I'm do you plan on here? I'm sorry. Yeah. I've been here. My entire life really diagnose perfect. There's not going anywhere. I'm a jersey die. But you know, it's crazy if you were told me twenty years, I've been married twenty five years twenty years ago that I would make it a hundred fifty thousand dollars to said, you're nuts. If you were told me, you could barely live off of that. I would have said you we've been more than a million dollars back then. For whatever reason, I think that my first job at New Jersey monthly magazine ninety seven I was I was a fact checker I would check facts at literally that's what I would do. Right. People rival article. I'd have to make sure everything was true in there. And the first article ever wrote was going broke on one hundred thousand dollars a year. Right. And I remember fact checking this thing what schmucks can you imagine making a hundred grand a year not enough to live in New Jersey? Well, now, I know what it's like now. I know what it's like, it's tough, man. All right. Anonymous, thanks for calling New Jersey one at one point five that was actually Ricky keeps rookie what eight hundred two eight three one zero one point five we all need to hit the jackpot what we're gonna talk about one point six billion dollars. That's absurd. The cash option is nine hundred million dollars like the cash option. It's almost legitimately too much. When I buy a lottery ticket like, I really believe that everyone. Everyone buys offering buy them often. I gotta be honest. I really don't buy them. But when I do. I really think I'm going to win. I've I've rent a volatile run some numbers though, you're not gonna win. All right. Let's go to me low in ocean gate, you're on New Jersey one at one point five. Hello. Hey, guys. How're you doing meal? It's actually mellow day. I'm a musician tool. I go, by mellow melody, melody, melody, I got it. I'm. Guy already went through a divorce had two kids, and I'm past that. Now, my my kids are grown. They both have grandchildren. And this is really sore subject for me in the sense of. I have like one question about it really how when is it going to end there's no lakes ceiling to this thing? And I always feel like like eventually people are going to be needing to make a hundred to two hundred dollars an hour. Just for the necessities and the basics I it feels like you can never make enough. Like, the you always need to make more. You do get that feeling. I was watching 'cause I also I screen films to sell on EBay believe it or not to help make ends meet and one of these films was a film about a family in the early seventies. The guy was making three dollars an hour. And he was talking about how great bought just a brand new. Ranch. He has a. Full of groceries have three kids. Three dollars an hour. Can't compare. I talked to my dad all the time. And my dad was an office products that he sold pens, basically, the stationery stores like he worked for companies, and he was a salesman local salesman. My mom didn't work. There was enough. It was really the thing that really gets me is that it almost feels like it's such a planned thing that's happening in the world for the cost of living to continuously be going up with inflation. And what are we doing to bring that inflation down? Do we got to actually move the decimal point back over one? You know, what I mean, make a dollar ten cents ten thousand dollars a thousand dollars. You know what I mean? Getting to that point you won't even help. And that probably won't even help in this. It's like a new world. Order ish type thing I hate to go conspiracy by. All right. Thank you so much for calling into New Jersey. At one point five. This thing. What's wrong with us? I am. So we're so uncool Millo. Really? What do you want me to go be loud? L O. What did we go? Well, how should we know? What should be mellow mellow d that's cool. But it didn't say D. I know but still we should've known. No, we should've would've been cooler if we would have known not mind readers. About the dream. You had about me. You were making more. I was so you won't tell me how much I was making. Angry so angry. All right. Chris and willing, bro, you're on New Jersey one at one point five. Hey there Chris. Hey there. Yeah. I I make about forty five. Pre-tax and my wife thinks out forty five three tax. And you know, we're we're living comfortably if you're just came back from honeymoon all against us like we're we're fine right now. But I'm terrified about having a frigging get out because of you know, like actually having a hit and raising them up because they're so damn expensive right now his colleges is free. College is a dream. I got news for you. I mean, you know, my wife, and I were doing okay, we're doing fine. We're not wanting for anything. There is zero dollars save for college. And there will be zero dollars for God's. It's impossible. I got I'm worried about what I'm having for dinner next week. So I I hope my kids will grow up to be plumbers and go to trade school. And like do it go that route? Because like college is like, I don't know unless you're going for something very highly specific. I mean, it's a waste at this point. But congratulations. I mean, you just got married. Congratulations. Positive. Congrats. Yeah. Yeah. Yeah. It's it's a lot of fun. And we just came back from a nice breeze. And and all that at St.. Yeah. The the like, my Spanish pressure of need to have kids is is like very much. If you listen here. Here's here's here's my advice. If you want kids have kids, we don't want kids don't have kids. I know. I know that sounds flip. But it's I swear to you manage the truth. I know so many people who didn't want to have kids, and they had kids, and they regret it. So if you want to have kids, you'll be happy. I wanna kids I got kids. They drive me up a wall by love them there. Yeah. I'm just I'm just I'm just scared about like forwarding know, why they're private were for them. 'cause I don't trust public schools around here where I live baby is out there and financial aid financial aid. There's a lot of ways because there's a lot of ways to work play with the system. All but you'll be all right. You sound like, you know, what you sound like the main. Chris someone's going to be a good, dad. You'll figure it out. That's what he's already geared. Already worried about this stuff. He's going to be a great, dad. Yeah. Thank you so much guys. Very appreciate it. All right. Have a good one man hit the call to New Jersey went on playing five. Nice. It's the truth here that worried about it now. Yeah. No,.
"seventy five thousand dollars" Discussed on KTAR 92.3FM
"Future. We have about seventy five thousand dollars. That is we we own our home outright. We have a vehicle that is you tasting that seventy five thousand. We both make decent money, and we had an IRA. About two hundred hundred fifteen. What's what's decent money? She makes about one twenty and I make about eighty okay? So the question that I that I have that we have is her mother and father passed away last year. And she was letting inheritance Harrison she has to take a certain amount of distribution every year for tax purposes. My idea for the inheritance money is to take one mom som- pay off all of our debt, and then repay ourselves back off of that to an IRA. So that we don't have to worry about continuously paying the interest game. If you will. Worry about this is that she she is going to be some of that aren't good for our retirement. My retorted at this. She is forty I'm thirty eight. We still have a good amount of time to be putting into our different funding counts. So I guess my question is should we go ahead and take the distribution pay off all of our debts about painting, the, you know, the interest rates or should we go ahead and pay the debt down? We all are. Two and a half three years. Well, we've been using for almost thirty years a decision making paradigm a decision making structure that is based on the idea. What is the fastest way to wealth? What is the shortest distance to wealth and in the process what what gives us the greatest returns? And what gives what gives us? The least risk what what has a level of wisdom to it. And it's not just one sided. It's not all investing minded, it's not all that minded. It's not anything. It's just a process of financial planning process. That process has now been proven obviously doing it for twenty five years in many, many people have become millionaires and multimillionaires gradually not get rich quick using that process. Then the question becomes do. You guys. Will you agree to use that process? And if you're so that way, I would answer the question, obviously, meet being me is ongoing to tell you use that process in that will answer your question what to do with the money. But, but you've got I decide do you want to do that or not? I mean, that's that's that's the core disagreement here what the process is based on the process is called the baby steps and what it's based on is a couple of things number one. Your most powerful wealth-building to is your income. And freeing up your income and not having debt. Not only lowers risk. Not only increases the peace and the quality of the relationship and the households. But it also increases mathematically frees up all of your income just to make money with instead of giving it to banks, and and the second part of the things driving the processes is that personal finance is eighty percent behavior. It's only twenty percent head knowledge the stuff we're talking about. It's not really rocket science here. There's not a lot to the math. It's about fourth or fifth grade math is really all it is. So having said that we say baby step one thousand dollars. You guys have obviously done that too is to be debt free everything, but your house you've not done that three is to have an emergency fund of three to six months of expenses. I didn't hear that you've done that. And then forward four start putting fifteen percent of your income into retirement. So how much is in your emergency fund? Currently we have about twenty five or so. If the inheritance was not on the table. What we would teach. You to do is take that down to twenty four throw the take twenty four of the twenty five and throw it at the debt, and then clean up this debt. Very very quickly. It is absurd for you to have seventy five thousand dollars in debt with a two hundred thousand dollars household income. It was just straight up. A couple of months ago and went on a on a nice, you're nice way. Already of debt. Okay. It's absurd that you make two hundred thousand dollars a year, and you know. Oh, you guys make enough money to have done this the right way, you chose not to do it the right way. So it's up to you guys. But if you're going to do what we teach you know, you would use this inheritance immediately to become debt free. So that you take all those payments that you don't have any more and use those to build wealth with you have a paid for home. Correct. We heard it. We're not. Okay. All right. And how much is in the inheritance in cash. I'm not quite a hundred percent sold are no somewhere. Seventy five. One hundred twenty five thousand dollars. Correct. Okay. And why is she taking distributions instead of just taking it? This is what her financial told her that she had to dish editors dissipations to visit cover her tax over the each year. So she hit that hard overtaxed. It's the most tax efficient way to take the money out of the town. Yeah, it's a bunch of crap. The. Okay. Because anytime you start making your decisions based on taxes instead of based on economics you make bad decisions. So I don't know what this money is invested in. But I want to get control of this money and get it invested. So what would I do a cash the whole thing out pay some taxes and get a different financial advisor? And I would pay off all the debt, and I would invest the rest of it in something that I can see control and know what it is in good mutual funds and some paid for real estate or something like that. I honestly don't think that's what you all are gonna do. But that's what I would do. Because I think there's a lot of cooks in this kitchen. There's a lot of opinions flying around here. And you guys have got to get inside this. And as a couple decide what you're going to do and how you're gonna handle money, and then you start telling financial advisors what to do instead of them telling you what to do, and it's a different different situation. So I think she inherited the financial advisor to I don't think you picked him. And and that's really bad medicine as well. Ninety percent of the time you guys need to pick them or you need to repick him and hire him again. And this time he works for you. But I think he's still works for grandpa, even though Grandpa's dead. And that's the way the stuff works usually bad bad medicine, Travis what I would do is catch the whole thing out pay off all my debts and invest the money with what's left. That's what I would do. And I will take your wonderful two hundred thousand dollar income and become multimillionaires with it. And that's why. What we've shown people how to do for almost three decades. Now. Hold on. I'll send you guys a couple a copy of the book, the total money makeover will walk you through not only what to do. But why to do it? And then you can decide intentionally whether you're going to use our system or someone else's doesn't matter to me. Oscars weather since Chicago. Hey, Oscar, welcome to the Dave Ramsey show. Hey, dave. Blessing to stick to today. Call certainly how come home. Quick. I just begin to. Listen to you on YouTube and podcasts, I'm just randomly doing everything that you must take to do we. But I know I have to get. Financial peace university class ticket online. So I can do it in order, but I'm just at this point very much doing everything USA today is I've got a whole my credit card. Veto K that I called the credit card company to actually. Out of my name. I want to remove the temptation using it. She's not a right way. Or absolutely absolutely to close the accounts completely not just got them up and that'll keep them from reporting activity on your credit bureau report. And it'll keep someone from accidentally fraudulently using them. Are you from using.
"seventy five thousand dollars" Discussed on WCBM 680 AM
"Is nothing compared to what Obama patriots seventy five thousand dollars for two million in illegal donations beyond that. It's probably not even qualifying as a campaign expense it had another purpose to it he'd done it before long before he was Candidate for personal and commercial. Reasons this? Was explained, quite nicely by the. Former, chairman of the Federal Election Commission Bradley Smith said you know these payments are not. Illegal under campaign laws but try, to tell that to, prosecutors in, the southern district and it's like saying he's, an unindicted co conspirator. They didn't accuse they didn't accused Michael cone of a, conspiracy that's right there. Has to be an underlying crime in any conspiracy and there's stay right there we gotta take a quick break we'll. Come back more with Sarah and Greg at the bottom of this half hour John sale he used to work for the southern district of. New York we'll get his take, on all of the weeks unfolding of you will public, wifi airports guess what it's riskier than you ever knew why because hackers disguised their networks to look. Like they're, a public wifi guess what let's say join the. Hackers network well they're going to. Be transferring all of your data to themselves And that means or by Nanteuil institution it goes straight to the hackers device if you use public. Wifi you gotta make sure your security software is up to date so many. Threats in today's, connected world, all it takes is one little itsy-bitsy weak, Lincoln those criminals get in now thank.
"seventy five thousand dollars" Discussed on KSFO-AM
"You had eighty five thousand seventy five thousand dollars of student loan. Debt did we? Know. Okay then don't Okay so in. The next few years we just start doing this on on all the debt that we. Have, yesterday we we we graduate. With that let's. Say we do we do. I don't think, it will. Happen but let's say we do get it we're debt free in in two years once we graduate now we got now we need to. To buy a? House. Or something But, we have in that we through all our? Money. Down down on debt we are, debt free but like where's that where we get that ends l. dollars or, whatever, to, to put down on. A down payment or. Or something. Like that you know where where, do you go okay well let let's. Think this through for second right you. Said you have. Two years of school left and when are you planning on getting married Oh we like to get married. Like after we graduate oh in two years Okay so she has fifteen thousand. Dollars, in debt you have sixty dollars we don't have. Anything, until we're married Okay but let let me just let's talk about you for a second let's pretend that because you work like an, animal 'cause you're self admitted. Working. Guy that you paid off sixty thousand dollars. Worth of debt in. Two years which is what you described But you have no money If you rented an apartment for the first year of marriage and both of you are working and you're married by then she would. Be debt free to easily if, you can pay. Off sixty she compel fifteen I'm not, sure that's going to happen but let's just use that because that's the scenario you laid out if you can. Pay sixty in two years why couldn't you? Save thirty in one, year that's the same rate Okay so one year later you'd have. Thirty thousand dollars which would be emergency fund? Plus your down payment And you would be debt free All right move into, your moving to your new house move into your..
"seventy five thousand dollars" Discussed on The Daily Show with Trevor Noah: Ears Edition
"This this one scott pruitt wanted to spend seventy five thousand dollars on bulletproof desk which i don't even understand what's the point of a bullet proof desk it only works if you're sesame doesn't know how to walk around stuff die oh where do you go there you go man this always happens and also why does the head of the epa need this level of security anyway like who's coming off to him a polo bed coming for revenge like you drove my wall oh and surprise the prize scott pruitt only flies first class but the reason he gave is pretty greats pruitt says he needs first class because of unpleasant interactions with passengers what might be an example of that according to the security office and individual who approach pruitt at an airport yelling scott pruitt your effing up the environment you're fixing the environment what does that mean first of all who have said that's the airport is a hero okay and yeah he is second second firing flying first class it doesn't help you avoid angry passengers because now everyone on the plane is walking posture you yeah this is going to be like a line of people just efren up the environment you're effing up the environment you drove my wife his why did i check my guest game i should've kept kids here's the thing it's much as overspending everything pruitt touch tons of shady so shady so shady infect that even fox news.
"seventy five thousand dollars" Discussed on Radical Personal Finance
"With your company logos lot easier to do that with a new car with straight sheet metal and clean paint than an older one with a bunch of dents in it perhaps or if you're going to be adding specialty after market equipment to the vehicle well now it doesn't make a lot of sense for you to shop around to say five thousand dollars by buying a used vehicle instead of a new vehicle when you're aftermarket equipment is going to be about seventy five thousand dollars it just you're not getting that much of a savings for it so you might have some of those other benefits from the new car what are the disadvantages of buying a new car i obviously one is do you have the money can you afford it because the new car is going to cost more up front and here i would encourage you to think about the available cash that you have now poor people often wind up in a difficult situation they frequently will be driving an older car that's requiring more repair costs and this older car that's requiring more repair costs taking money out of their pocket but then in order to solve that they often go and sign up for a new car payment which does have the benefit of taking those older repairs out of away mostly but now those older occasional repairs are replaced with a consistent regular car payment so i would say do you have the money i've never borrowed money on a car i don't intend to ever borrow money on the car i've don't see any baillieu value of buying money for our own borrowing money for a car just simply pay for your stuff and if you do that it keeps your life in a simple and peaceful place that that is really healthy it's good for your mind it's good for your wallet and it's good just for the piece of your life and you don't wind up wondering if you're gonna wander out of work one day and see the repo man driving off with your vehicle so do you have the money if you don't have the money don't buy it too simple as that but the big cost of course is to.
"seventy five thousand dollars" Discussed on News Talk 710 KNUS
"Claim seventy five thousand dollars to change her story and then two years later come out and again make the same false statements to mr mcdonald this is not about leslie branch wise this is about mayor hancock and mayor handcocks lying on wayne mcdonald and the damage that's being done to wayne mcdonald's and that's not right and it's actionable in court and we intend to pursue those remedies and i was absolutely shocked when told the tony kabul laskey told me that leslie branch wise had said she got paid seventy five thousand dollars to leave out the mayor i was absolutely shocked when i heard that i had no idea about those text messages they should have been produced whether ask for former or not under rule twenty six you know that and this is an out this is outrageous what these folks did and i'm not gonna let them get away with it i guess william assault and and seventy five thousand dollars paid to leslie branch wise among the other things you are searching and you are a well regarded trial lawyer who understands the rules in appointment cave says she has to bring a claim before the appropriate state agency or the eeoc within what one hundred eighty days or her claim is time barred at the time that the city of denver paid or seventy five thousand dollars did she have a legitimate employment clan or was it time bart it was time bark and more importantly though this is i think important for listeners understand she hadn't filed a claim and had already expressed to the city and county of denver that she wasn't going to file a claim the only reason she gets that seventy five thousand dollars is because she was sued along with mayor hancock if she's not in the lawsuit she doesn't get that seventy five thousand dollars and the what people need to understand about that is the.
"seventy five thousand dollars" Discussed on KPCC
"Of one hundred thousand dollars per seat for ram games seventy five thousand dollars precede for charger games now some of those fees are lower for though you know notsogood seats but none of those include the game of the cost of game tickets me stadium in englewood is expected to open for that 2020 season the man charged with stealing francis mcdormand's a best actress oscar will be released on his own recognizance 47yearold terry bryant pleaded not guilty to felony grand theft today in a downtown alley courtroom video from the ap shows brian walking into the after party with mcdormand at leaving with farrah's khor he was apprehended soon after an mcdormand got her oscar back when i would joshua johnson comes up at eight o'clock but first will examine the feds lawsuit against california over immigration policies and then later we will remember that thomas guide yeah for hepatoma skied sure you did lowry mantle will be on air talk can tell us about one of the great memories of southern california or back in thirty seconds it 735 ongoing 100 in twenty feet underground iit's foster phobic who is the nfl vader for about him in a minute later a huge tightened to missile designed to carry a nuclear payload looms above you need to keep your situational awareness nuclear weapons and the threat of war on the next revealed thursday night at nine on eighty nine point three kpcc its members supported eighty nine point three kpcc i'm nick roman last night the trump administration sued the state of california over what it calls the state's sanctuary policies it calls them a deliberate effort to obstruct.
"seventy five thousand dollars" Discussed on WTVN
"Exemption and if you died seventy five thousand dollars in debt they could just take 25000 of the house value so garrett you the executor of especially if you're out of state or it's estate you're not familiar with this is where the real value of in a state attorney comes in is settling be estates so we would not recommend anybody try to be the executor themselves you would likely wanna find an executor arms our in a lawyer or go in that state whose familiar with the state laws because in ohio that numbers up to about one hundred thirty six thousand now so again you may think i need to pay the credit cards i need to pay the hospital all these bills that mom or dad may have left you may not have to use the proceeds from the house to do that though roy stood out to me as we were going through that talk while this person was you the person that they inherited the house from the the kind of have these goals for the house and they wanted certain things to be accomplished then so as the person inheriting that you kinda feel like you have a duty to fulfill their wishes whether or not it make sense for your own situation right so that's the key part of that came into or came in his eye for me was yet it's a tough balance between making sure that the award carrying this out of the way that they would want it but also making sure i don't the realm had plan and make sure that fits in with everything i'm trying to do right and from attack side of it uh some of the questions are or confusing ride the tax laws are confusing to begin with right but typically on on a property like this to you to pay attention to something called step up and basis by that that could be investments that could be other types of properties right uh but another question came up in the same scenario because the person was thinking about selling their existing house and moving into the house that they inherited and the question was while in they were concerned about selling the existing house because they were going to get clobbered in taxes while the reality is that we know that there's the exemption right 250000 for singlefile irs five hundred thousand for married filing joint that amount of prophet are gain.
"seventy five thousand dollars" Discussed on WNYC 93.9 FM
"Workers in newark they asked him to keep his promise to provide paid sick leave for workers and the fifteen dollar minimum wage murphy was asked about his own paycheck what he follow in the footsteps of former democratic governor john course line who took only a dollar a year murphy said he'll take the salary it pays a hundred and seventy five thousand dollars a year outgoing schools chancellor carbonfree gna said thirty three new rule language programmes will be available to prek students in the fall let's doubling the current number up in an announcement at ps twenty in the lower east side for india said expanding these programmes has been a personal mission for her and that her goal for every city student to become bilingual estonia theories vital wave a magic wand what is the one thing i wish into nato city education and is to make everybody violent on by because to me that you will not have some of the political issues that we deal to new languages russian and bengali will be added to existing programmes in mandarin spanish and italian a former basketball coach at the city university of new york barukh college has pleaded guilty to embezzling more than seven hundred thousand dollars from the manhattan school new york state inspector general catherine lay he scott announced the guilty plea by makli joseph today they he scott says joseph took the money for renting school athletic facilities to others and keeping the proceeds she says the funds were spent on personal expenses including renovations of his new jersey home joseph faces up to ten years in prison when he sentence in manhattan federal court in april
"seventy five thousand dollars" Discussed on WHO NewsRadio 1040 AM
"And cold for santa's arrival ten degrees for the overnight low monday christmas day partly sunny and twenty degrees i'm channel 13 meteorologist megan salwa changing jobs create fifty five other though seventy five thousand dollars in care world over the pink uruguay's on a flight can plead excess on that now according to attach the free leader flew moving forward miltec conscientious resorts other nick awesome well uh how old are you christie pi pipeline yeah well uh so right now it's in a 401 k yes sir again you wouldn't for scuppering eta's offering elegant rollover are you thinking about taking murthy you think about taking the money into a selfdirected ira any more i don't want to be to be deaths and give port any more so you think you about cashing out paying the taxes and investigations heck's rebon yes arm of be bars any lake life insurance products how no way other benefits no way no way in my opinion life insurance is not an investment so that that's for me that's off the table uh i would say i mean if you want life insurance coverage for the death benefit than you simply by term life insurance and that's what you get you hit life insurance coverage for the death.
"seventy five thousand dollars" Discussed on Bloomberg Radio New York
"For seventy five thousand dollars when something like that the only value of bitcoin's but the other guy i'll pay for but jamie diamond isn't alone in his distrust of bitcoin howard davies chairman of rbs explained his thumb with bloomberg's tom keene what is the underpinning market structure that makes been bid bid bid big bid bid on bitcoin well i'm afraid that this is irrational exuberance this is as greenspan's famous phrase and of course he then found that the market kept on going up off the he said it should stop but this is a very very unusual bucket the shows we're not in a normal twoway trading markets that set you normally have even at the big in the biggest rises you've got some people trading in and out so we're in a very unusual charge a here and i'm not sure that normal rational market analysis can really eliminate this terribly well sir davies you the most qualified person in the world to talk about derivatives in wall street you founded fsa help you make regulation nothing i think that should see me and the cbo eu show the american derivatives market make a formal market in this thing i think i would counsel them not to at this point because i'm not quite sure that they know enough about what the underlying is about the nature of the supply and demand of the underlying asset so i think it would be a very risky move in reputational terms for them to go in that direction now that was rbs chairman howard davies speaking with bloomberg's tom keene and despite davies warning cbo launched bitcoin futures earlier this week bloomberg's julie hyman spoke with telly the ceo of cbo how's it going from your perspective and how does the compare with what you expect expectations it's meeting expectations really in the early days is as open interest is building our dedicated liquidity provider's getting comfortable a turning a new commodity in this case are so it's business as usual from a launch perspective uh three thousand contracts as you point out that's a lot of.
"seventy five thousand dollars" Discussed on Talk Radio WPHT 1210
"At a separate notes of exciting news of out a recent award the observatory at the turner farm in great falls virginia has been honoured by the virginia recreation park society has the best new facility bricks and mortar i might add in a population area greater than one hundred thousand were send about this gene donated seventy five thousand dollars for the construction of the royal observatory what's at one of what is the roll out a third and raping me this weird look isabelle an observatory it it picture a building where the roof rolls out of the way so the telescopes can see the sky but ended by four walls it's warmer call so that when you're in the they are looking up at the stars you get to see this but here's the the crazy part there was a very nice awards ceremony hundreds of people attended congressman gerry connolly was there and he announced that he entered into the congressional record the award that we received which was a very nice honor and they presented us a very nice plaque gene in may and here's the a reprint of the congressional record look at the a broader dogs summer ada albal um so i i i i don't want to call the congressmen and sakeni given a happy man the israel dog eight my homework yeah he he ate are certificate uh anyway job so we're very excited that the role top observatory is a big success and got recognition from virginia and so yeah very cool congratulations despite summers eating lord hey you know.
"seventy five thousand dollars" Discussed on Drink Champs
"Jaeger on on a mat my my first sake was seventy five thousand dollars now i never do hiphop i've never received a cheque over ten thousand israel song when i saw an act a fill the pieces because i know iron will have a bunch of kids in our no nobody gonna get notice money y you know what i'm saying is goblins right so i didn't have cue i had two daughters so a house with that and and i went along with indian after that time went on and they say be will is still climbing and this is like two thousand two still climbin' what to foot and the rock was blow enough you know if he was on tv every fucking with an era the tiger balm rail mlb emma so much it is real begging today you checked on me so sunday when he did that after wow i just forgot about the ship for on that you know was in my shit i've seen him on tv i was happy to have indian they hit me with seventy five million a slow they said acid test more than three platinum they say b y'all owner almost a dime me and i didn't know what a dime in was was island is mesa come in your area dimes on the only person that was ten million was hamma shaggy shaggy did what a all wish it was it was a miracle israel was made.
"seventy five thousand dollars" Discussed on AP News
"The theory to be with a healthy copying bad gene would other treat procured into the nevada's pharmaceuticals set the price with a one time infusion of socalled car tcells if four hundred seventy five thousand dollars but said there would be no charge for patients who didn't show response within a month harriet turbans future on the 20dollarbill could be in jeopardy as the he's a donahue reports treasury secretary steven mnuchin is raising doubts the obama administration decided to replace andrew jackson on the twenty with tubman a leader in the underground railroad in an interview mnuchin avoided a direct answer when asked if he supports the decision saying right now there are more important issues to focus on president trump is a big fan of andrew jackson he did it with courage with grid and with patriotic card and by the way he was one of our great president trump spoke in march a jackson's museum in tennessee during the campaign the president said replacing jackson with tubman on the twenty was pure political correctness he suggested jackson could stay on the twenty and harriet tubman michael on the two dollar bill instead ed donahue washington star wars fan who dream of staging their own space craft battles to now have their wishes come true drones from the movie that speed up to thirty five miles an hour are hitting the toy market they're the ex wing starfighter like the kind luke skywalker piloted the imperial fighter that carries the dark side of a horse and a speeder by like the one that zoomed through the forests of and door manufacturer take a closer look at unlimited data plans you'll see they're not always up front with a price.