18 Burst results for "Sixty Seventy Thousand Dollars"

Will a Universal Basic Income finally get a real shot?

The Big Story

14:46 min | 7 months ago

Will a Universal Basic Income finally get a real shot?

"You can say one thing for the current crisis. It's given us a chance to try a lot of things that we might never have had the will to do otherwise I amongst those just giving people money okay not everyone but millions and millions of people in Canada and not forever but at least for a few months and this isn't a new idea. It's been around in some form or another for decades. You probably know it as universal basic income and you might associate it with the most progressive voices come the liberal side of the spectrum and you may also associate the opposition to it with complaints of lazy people want free cash instead of working but despite having a long history as a potential way to ease poverty and improve health. This has never been tried on a large scale or for a long time. So the people arguing on either side of it have never had enough evidence to prove their point. So it's been a political football until like with so many things. These days along came the virus and now getting money to people who need it quickly is absolutely essential governments around the world even the most conservative of them have done that and those who support or oppose that kind of policy have mostly agreed on the need for it. It's what happens next. And what we learned from that will determine if we finally give a universal basic income. A real shot. So we'll explain history of the policy small tests that we've seen on it be political behind it and whether or not it will stick around when we get out of this current mass. And we'll do that as soon as Claire gives the details on this current mess cargill is dealing with the outbreak at one of its meat processing plants. This one isn't Schambori Quebec southeast of Montreal. Sixty four workers have tested positive. There cargill had another outbreak a few weeks ago at a beef packing plant in high river. Alberta in that outbreak more than nine hundred workers tested positive. It reopened last week after a two-week shutdown also in Quebec schools in the western part of the province are set to reopen today but attendance is optional. Desks will be spaced apart. And there can be no more than fifteen kids in a classroom at a time. Ontario reported the lowest number of cases of Cova nineteen for the province on Sunday since March. Two hundred ninety four new cases. And this comes. The province reopens Provincial Parks and Conservation Areas. Although camping is still not allowed and things like beaches playgrounds and public washrooms are still off limits. And lastly schedule and is suspending the sale of alcohol in the Northern Community of La Lush to help control the spread of cove in nineteen. The alcohol store will be closed for two weeks. To prevent people from gathering. There will be support for those at risk of alcohol withdrawal as of Sunday evening. Sixty eight thousand eight hundred and forty eight cases of covert nineteen in Canada with four thousand nine hundred and seventy deaths. I'm Jordan Heath Rawlings. This is the big story Max. Faucet is a writer and a reporter for many publications including on this project for the Walrus. Hey Max he joined our. I'm doing as well as can be expected. Which is how everybody should hopefully answer that question. These days you start by defining What is a universal basic income Broad is that term. And what does it mean? Sure so I mean you know this is an idea that's been around for some time now and and there can be competing definitions and I suspect. We'll get into that in a second but the one that I adhere to the one that you know certainly I informed Andrew Yang's campaign in the United States and that has been informing most of the conversation about UBA. Right now is It has three conditions it's automatic. It's unconditional in its non-withdrawal. So basically that means it comes every month doesn't matter who you are you get it. You could be making a lot of money or a little money and you get it. And then it's non withdraw so It's not means tested. So it doesn't get clawed back you know as you as you make more money you know. There's much conversation on you know econ twitter about various amendments and adjustments to that formula. But I think that's a good way to think about it. Can you give me a little history of it? You mentioned it's been around for a long time Has it been tried for real anywhere where to come from that? Depends on your definition of for real right. I think people look at the idea of giving people money from the government. And they think well this must be a left-wing idea but actually the first real experiments with it happened in the nineteen sixties and early nineteen seventies and it was driven by a Richard Nixon and Milton Friedman. Who is the father of supply-side economics? Yeah they saw it as a way to replace the welfare system and so they their idea of a basic income is not quite the way I just defined it. It was something called a negative income tax. And so let me. Just get a tiny bit. Wonka share the way it worked in their conception is basically they would give people a percentage of the difference between their income and defined income cutoff or like the point where they start paying income taxes so if they set the cutoff at let's say forty thousand dollars and the negative income tax percentage was fifty percent. Someone who made twenty thousand dollars a year would get ten thousand dollars from the government. They made thirty five thousand they would get two thousand and from the government so is this sort of sliding scale where topped you up up until a certain point and then it went away right. They cancelled it in one thousand nine hundred and you know the the the Reagan era kind of buried it under under Nixon's legacy in Canada. Did something called the men come experiment? Which was the Manitoba Basic Income Experiment? That was more that was closer to the basic income that that I described earlier in the one that a lot of people are talking about right now so that says that gave thirteen hundred urban and rural families in Winnipeg and don't Fan Manitoba with incomes below. Thirteen thousand dollars a year back then money. But by the time that the data was collected in nineteen seventy eight so they ran up from seventy five to seventy eight. The Canadian government kind of lost interest in and they cancelled the project. So we've had these these aborted attempts to gather a sample and it hasn't really provided any conclusive evidence In the in the American one. There's some evidence that it that it you know Negatively impacted people's willingness to go to work in the Canadian won the data suggested otherwise. But there just wasn't enough data to conclusively determine the impact of giving people money on their both on their willingness to work and on on the outcomes that the government's wanted to test. Which is you know better. Health Outcomes Better Labor outcomes better social outcomes so you know the jury was still out right. Will what kind of a sample size and study length? Would you even need to determine that because again we had one or at least something like one here in Ontario Under Kathleen Wynne. A few years ago and the next government came to power and it was immediately phased out. So you know. I don't think we got more than two or three years out of that either. So what kind of scale are we talking about? Yeah I mean to make it work. You would needs multiple cities multiple tests populations and a long duration of study. This is this is a a bold policy intervention but you need to be able to control for extenuating circumstances and factors the Ontario project. Was it had some really promising results. As it turned out there was a study group at McMaster that basically interviewed the people that participated in the program. Some of the data they had eighty percent of of people reporting better health outcomes. They were using less tobacco drinking. Less eighty-three percent said they had better mental health. They were feeling less stressed. They had a better diet And there was even interesting. Data around better labor market outcomes people were basically using the minimum income the guaranteed income to improve their jobs to look for better job. So it's disappointing that the government scrapped it after basically what amounted to one year and left us in the same spot that we've sort of always been with these things where we just don't have enough data for either side to conclusively prove that their argument is right and you know maybe not maybe now is the opportunity to kind of walk in that that longer sample size but you know the problem here is that. It's always tempting for governments to to start these programs and then abandon them or different governments to come in and cancel them. You'd need some sort of agreement by all parties that they're going to let this run. Its course and we haven't really seen that yet. So you mentioned that it's seen mostly now at least as a left-wing idea might have begun under Nixon. But certainly I think that's how most listeners would frame it as you know Whether or not you support it About the side of the spectrum that it comes from but as we've started to see government's realizing how badly they need to help people as the economy collapses during this pandemic have seen any movement On the other side of the aisle towards this kind of idea I think we've seen much more movement on on the conservative side than we have on the progressive side the beano progressives are are are very wary of guaranteed income proposals because I think you know quite rightly they remember certainly the academics who studied this. They remember that it was originally an idea that was intended to get rid of welfare and other social supports and that is always a concern that if you bring in a guaranteed income. Is it really just an attempt to shrink? The size of the state is an attempt to get rid of targeted support programs that that make people's lives better and I think that's a totally valid concern when I when I posted my article from the wall or something twitter. I got a lot of feedback from economists about that where they basically said you know. Oh here we go again. People people don't realize that this is a an attempt to slip in through the back door reduction in social programs. That's really interesting. Yeah but you know. Over the last few months we've seen a really array of conservatives. Come out and say that this is a good idea. Hugh Seagull. Who is a former senator standing red? Tory I WOULD. I would describe him as a thought leader. He's been he's been banging the drum for for guaranteed income for quite some time now but he was always sort of out there in the wilderness as a conservative suggesting that this was a good idea and he wasn't one of the ones who was saying that it should replace social programs. He was saying it should be an augmentation to them but in the states over a matter of weeks you saw people like Mitt. Romney coup is basically the Avatar of hedge fund capitalism. Coming out and and suggesting that this was a good idea that would support. Americans during the fallout from Cova and ultimately Donald Trump's government. It's not it's not a permanent basic income. But they sent a check to every American and that is sort of one of the hallmarks of a basic income. So it's interesting the degree to which we've seen conservatives rally behind this particular policy flag. I think that it is driven by shorter. Term political objectives American politicians having election. That they're looking at in November and one of the surest ways to get defeated is to be in being government while people are losing their jobs losing their homes losing their livelihood so I think it's more self preservation than a genuine change of heart but in from a policy perspective. You take the support where you can get it and you build on it from there. So you know I think advocates of a U. UB. I should take their support and and leverage it in order to build their movement if you can may be explained to me the thought behind the benefits of this applying to absolutely everyone including people who have job because that's really And we can debate in Canada versus the US for however long. But that's that's like the primary difference between what trump's government has done and what Canada's done with the baby. Yeah that's the tricky part. That's the part that a lot of people struggle with conceptually and intellectually as is the idea of giving people who don't need money more money right. Yeah and Ken Boston cool. Who is is a former adviser to Stephen Harper and Christy Clark? He's been kind of driving the bus in Canada around the need for a UB. I you know he's he is preferred that to the more targeted approach that the government has taken with Serb. You know his idea in the short term is we just need to get money into people's hands right. Now we need we need to stimulate the economy and ultimately will tax it back next year on people's income taxes that's the thing about a guaranteed income in the context of the system. We have here is if you're making sixty seventy thousand dollars a year. This is going to a portion of this. We'll get taxed back right and so it's not. It's not really free money. It's a little bit of free money and I suspect there would be some social programs that would get pulled back a little bit to to make the numbers work but you know at the end of the day. I don't think you can let the weaknesses in the policy that that might impact a few people. Override the benefits that would impact far more people. You know there's there's all sorts of data out there that suggests that a basic income would actually stimulate economic growth. There's all kinds of data that suggested improves. Health outcomes and Lord knows improving. Health outcomes would save taxpayers and the government a lot of money. Because that's where an increasing increasingly large part of our social budget is going and we'll continue to go in the years and months to come so you know it it is It's a tough idea to get past for some people that I find working already. Why should I get more money from the government but that money's going back into the economy and it stimulating economic growth that supporting jobs? It's reducing healthcare costs. You know I think there's a pretty good case for it and and you know it's one that we should be willing to explore. I am I am more than open to criticism about the cost factor that I suppose we can get to that in a second but I think we also need to look at the benefits and look a little a little bigger in terms of where those benefits accrue it. It's not just lifting people out of poverty. Although that's that's an obvious benefit it's improving people's health outcomes improving their labor market outcomes. Let's people who have a

Canada Richard Nixon Ontario Cargill Cova United States Claire Schambori Quebec Provincial Parks Manitoba Mcmaster Twitter Winnipeg Jordan Heath Rawlings Quebec La Lush Alberta Kathleen Wynne
"sixty seventy thousand dollars" Discussed on WWL

WWL

05:33 min | 1 year ago

"sixty seventy thousand dollars" Discussed on WWL

"Thank you for taking my call. Sure. What's up? We just closed our business, and I didn't realize how much we're drowning in debt. But we luckily we have the building to sell. So once we sell that will kind of wipe almost everything out, but it's not selling. But the thing I'm calling about today, mainly as we had a mini van that we were using for the business, and we really don't need it. Now that our kids are gone and everything, but we just pay it's paid for. And I we were talking about getting rid of it and me buying a cheaper car, but to as a side hustle, we've been driving lifting Newburgh. So if I do it's probably gonna and if I sell it, I'd probably wanna finish paying off our second car, which we like thirty six hundred on and then just get a cheap car. But I I don't know since we finally paid it off if I should sell it since it's still worse something or not what's it worth. I'm probably ten to eleven thousand get for it. And so what are you guys career? Now, the closing you're. Home or close your business, and I'm just doing retail. My husband's a chef. So what is your next twelve months? You think you're gonna make household income probably about five thousand a week. And I mean a month. I'm sorry. So sixty seventy thousand dollars a year. Yeah. Okay. All right. No, I would not sell the car. Okay. Not because of lift or anything like that. It's just a small enough amount in the overall situation that it doesn't really move the needle. Okay. You guys getting organized and saying we're going to systematically work through these debts until the building sales. And when the building shows we're gonna finish them that is more important than filling your car. Okay. That's going to have a bigger effect. You guys being on a budget listing all your deaths smallest to largest attacking those as if the building wasn't going to sell and when it does sale. Woo now, we're done. Okay. That's what sounds like many good things to tell us how to sell it. We've had it on the market for over a year now, and it's its own commercial like commercial and residential. So technically somebody could put it back as a house. But I know it's on a main street says not an it's not a it's a busy street, but it's not in a busy. Why has it sold? I don't know. I don't obviously we must not sold. You have probably it's not in the main part of our little city authors. There's like an auto repair and a chiropractor nearby. But so what do you own it? We don't know. Anything we owe it outright. A hundred thousand from what a hundred right now, we just brought it down to one fifty nine or one fifty seven. I'm sorry from what? And we are originally we had a realtor for year. And she said, oh, you should be able to get one eighty nine. So and now I've dropped it all the way to win fifty seven. We'd we got rid of the realtor thinking 'cause we had some friends that said, oh, we can we have a person for you. And we thought they were in that loan. Didn't get alone for it. So we've been trying to sell it. And I don't know you need to go. Real estate. Okay. You need to get a high quality high octane realtor. Go to daveramsey dot com and click on E L P for endorsed local provider. You'll find one or two or three in that area. Five in that area that we recommend interview two or three of them and find one of them that is on fire and convinces you that they really can sell it not that they're just going to get, you know, some religious unrealistic price. They're gonna come in and tell you things worth ninety eight gonna come in and tell you it's worth one twenty eight and then they're going to get them buyer for it, you have an unusual property, and that's going to cause the price. It's going to bring to be less. Because it's kind of not either it doesn't know what it is. It doesn't know if it doesn't know if it's it's confused doesn't know if it's residential or if it's commercial and when I look at it as a buyer. I don't know what it is. And so it's probably not residential because it's probably not a nice place to live. Right. And so it's probably commercial and inexpensive commercial property now. And you don't do anything on. So how much debt have you guys gone much one hundred and forty okay? So the buildings mostly related to the business of the building is probably not gonna wipe out all the debt. Yeah. Probably not. Okay. So you need to decide what is it? Bej it now so good, and you're working your butts off and you're going to need to be including the thirty six hundred on the second car. Everything is in one pile. We listed smallest to largest we pay the minimum payments, you keep everything afloat. And then get a good real estate agent. Let's get this building sold. I have no idea what it's worth I suspect. You've messed up the market limit by listening to high to start with. And you ran off your first set of buyers by lifting at too high. With the unlit unrealistic realtor before, but it may be that you're one fifty seven will do it. But it probably needs professional marketing from high quality, high octane real estate agent. That knows what they're doing this. You're probably going to struggle to sell this as a physical. It's what sounds like to me. I believe in the value of a real estate agent if they're a good one. And that's why we only endorse and vet out to get good ones that we.

Newburgh Woo sixty seventy thousand dollars twelve months
"sixty seventy thousand dollars" Discussed on AM 1590 WCGO

AM 1590 WCGO

05:14 min | 1 year ago

"sixty seventy thousand dollars" Discussed on AM 1590 WCGO

"FM. Thank you for joining us, America. Jennifer, Jennifer, welcome the debris J show. Thank you for taking my call. Sure. What's up? We just their business. And I didn't realize how much drowning in debt, but we luckily we have a building to sell. Kind of wipe most everything out, but it's not selling. But the thing I'm calling about today. Mainly as a minivan that we were using for the business, and we really don't need it. Now that our kids are gone and everything, but we just pay it's paid for. And I we were talking about getting rid of it and a cheaper car, but to as a side hustle, we've been driving lifting Uber. So if I do it's probably and if I sell it, I'd probably wanna finish paying off our second thirty six hundred on and then just get a cheap car. But I don't know since we finally paid it off. I should sell it since it's still worth something or not. What's it worth? Probably ten thousand for it. And so what are you gonna career now that you're closing your home or closer business? I'm just doing retail. My husband's a chef. What is your next twelve months? You think you're gonna make household income probably about five thousand a week. Sorry. So sixty seventy thousand dollars a year. Okay. No, I would not sell the car. Okay. Not because lift or anything like that. It's just a small enough amount in the overall situation that doesn't really move the needle. Okay. You guys getting organized and saying we're gonna systematically work through these debts until the building sales. When the building shows we're gonna finish them that is more important than selling your car. Okay. That's going to have a bigger effect. You guys being on a budget listing? All your debts smallest to largest attacking those as if the building wasn't going to sell and when it does sell move now, we're done. Okay. That's good things to tell us how to sell it. We've had it on the market for over a year now, and it's it's commercial like mersal in residential. So technically somebody could put it back as a house. But I know it's on a main street says not and it's not a busy street, but it's not in a busy while hesitant sold. I don't know, obviously. Thinking is not sold. Theory. It's not in the main part of our little city authors. There's like an auto repair and a chiropractor nearby. But. We don't know. Anything we owe it out, right? Thousand from what a hundred right now, we just brought it down to one fifty nine. From what? We are ready for year. And she said, oh, you should be able to get one eighty nine. So. All the way to one fifty seven. We'd. We've got rid of the realtor because we had some friends that said, oh, we can we have a person for you. And we thought they were not loan. Didn't get alone for it. So we've been trying to sell it. Don't you need to get? Okay. You need to get a high quality high octane realtor. Go to daveramsey dot com and click on E O P endorsed local provider, you'll find one or two or three in that area. Five in that area that we recommend interview two or three of them and find one of them that is on fire and convinces you that they really can sell it not that they're just going to get, you know, some relig- unrealistic price. They're going to come in and tell you things worth ninety eight they're gonna come in and tell you it's worth one twenty eight and then they're going to get them buyer for it, you have an unusual property in that's going to cause the price. It's going to bring to be less. Because it's trying to not either. It doesn't know what it is. It doesn't know if it doesn't know if it's it's confused doesn't know if it's residential or if it's commercial and when I look at it as a buyer. I don't know what it is. And so it's probably not residential because it's probably not a nice place to live. And so it's probably commercial and inexpensive piece of commercial property now. Then you don't know anything on his how much debt have you gone. Much one hundred and forty okay? So the buildings mostly related to the business. The building is probably not gonna wipe out all the debt probably not. Okay. So you need to decide what is it? Now, so good, and you're working your butts off. You need to just be including thirty six hundred on the second car. Everything is in one pile. We listed smallest to largest we pay the minimum payments, you keep everything afloat and then get a good real estate agent. And let's get this building sold. I have no idea what it's worth I suspect. You've messed up the market limit by listening to high start with. And you ran off your first set of buyers by listening to high. With.

Jennifer America sixty seventy thousand dollars twelve months
"sixty seventy thousand dollars" Discussed on WLAC

WLAC

02:59 min | 2 years ago

"sixty seventy thousand dollars" Discussed on WLAC

"Baby steps four five and six or simultaneous four is fifteen percent of your income into retirement five is kids college, which you are cash flowing in this case and sixes pay off mortgages rentals in house and so forth. But really, you know, in your case, you're going to really you're gonna delay working on six much in order to fund these colleges or in a censure borrowing on student loan debt to pay on your mortgages. Stupid in an indirect way. That's what's occurring. You follow me? So I should just think of our consumer that we should just save up three maybe four month emergency finding them. Yup. And then and then let's stop taking out student loans. Yeah. And clear them out and then do the same with the other two. And then, but if you can find cash flow above taking care of these college issues between the three kids if there's money above that. Then we start throwing it at your either your mortgage or your rentals. One of the two sounds like the rentals are tiny. The other not about sixty seventy thousand dollars a piece they're not huge. But they're they're still there. Houses tiny, and then your house mortgage must be small. Yeah. That's about all about fifty sixty seventy thousand a piece, okay? Fifty because you said to fifteen. Yeah. Yeah. And four. I was gonna write them a check like a year from now, they feel good then my son is still having to take out a loan. Yeah. That's that's and that's the little rental. Okay. I knew there was one in there somewhere to make that math work. All right. Yeah. Still I'm just gonna plink along on those minimums and take care of college without debt. I once got college without debt, then we find money we throw it at the at the probably gonna knock out little twenty-five one out. And then I'm on the next knock my house out because it's pretty even with the other ones. How about personally year getting back in the 4._0._1._K or not? So I get back in the 4._0._1._K. A fifteen percent now now. Okay. Yeah. Well, no, you get your emergency fund. Right. Emergency fund is baby step three and then baby step forwards fifteen percent of your income into retirement, then we'll take care of college. And then if we find some more money will keep while we're doing those other two things will start throwing it at the rentals in the house. That's your order of attack baby steps four five six in order. Well, actually, three four five six because you're finishing out the emergency fund in order, right? But it's not like four or five and six are simultaneous fifteen percent were taking care of college. And then if there's money left, we keep going down the list and the next thing on the list is mortgages. So there's still a prioritization, even though it's simultaneous is that logical. Yeah. I guess I was just trying to jump ahead to four then skipping three for two and three. I guess technically. You're skipping five. Yeah. Yeah. And you had any skip three two. Yeah. So yeah, you're jumping around the way. Just put you back in order. That's all we did. You can do it..

fifteen percent sixty seventy thousand dollars four month
"sixty seventy thousand dollars" Discussed on Serious Inquiries Only

Serious Inquiries Only

03:28 min | 2 years ago

"sixty seventy thousand dollars" Discussed on Serious Inquiries Only

"Is that a big factor of like, well, you know, I love to come study for four years, learn interesting things, but you know I'm gonna have fifty sixty seventy thousand dollars worth of debt. I need to learn something that, uh, sensibly will make me a lot of money, right? And yeah. And to be. I totally think they have a point. You know, I'm not gonna say like, oh, every one of my students is saying this, they're all wrong. You know, obviously they're kind of saying, I mean, it's not obvious necessarily. It's possible that they're all, but it's their education. They have a vested interest in one thing that professors haven't been very good about is thinking, how can I make first of all, how do you explain, hey, this actually is very useful to you in your career. Like, you know, often, it's. Learning specific content isn't gonna help you as much in your career as learning a way to think away to, right, which is much more adaptable to different types of job. You know, like we don't really sell them on that. We don't talk about that ever and we also don't. There's a way. So in flossy you could have, you know, one thing you have to do and businesses make presentations. You could have students do presentations you can. You can sort of try to bring in work skills. Into the mix that I don't think professors think about enough or say, hey, I'm teaching this, and this is why useful in your you know to your future? Yeah, I don't know. That's the way to go. You know. 'cause 'cause should humanities serve the purpose of making you a better business person or should it be the humanities? Should it be? I mean, you know, I mean, obviously it's meant to make you a better world citizen. Although, so I have mixed feelings on one hand. Yeah, I don't think you know, I don't like seeing education is purely an investment or as opposed to, hey, canopy be also something you purchase, you know, like you know, like, okay, so part of it is investment, but part of it I'm paying for it because it's a good thing to be or an experienced to have. So sympathetic with not sing it entirely as that. You know, I don't, and I don't even necessarily mean we need to focus exclusively on that by any means, but to sort of say, hey, this is why this might be useful to you not only for world citizenship, but also careerwise, especially there's a leisure. There's an upper class bias. I think in saying, oh, education is forced citizenship. It's not for anything practical, which is easy for somebody who has a lot of money to say. I'm gonna blow it on becoming a much better citizen of the country, the world, you know, democratic, whatever it is that's, that's nice. But if you have a much more limited means and you're going into debt in, it's, it's. More necessary for you to think about, okay, how am I going to monetize this? So I think I worry that there's a little bit of an, I have that sense that, hey, this is what it should be four. It's about creating the whole person, you know. But also I worry that there's a a classes bias in that. Yeah, that's understandable. I, you know, this might be too big of a topic for for right now, but I, I'm kinda worried about higher education. I feel like with with how freely available a lot of really amazing classes are becoming online. There's.

flossy fifty sixty seventy thousand d four years one hand
"sixty seventy thousand dollars" Discussed on WLAC

WLAC

03:57 min | 2 years ago

"sixty seventy thousand dollars" Discussed on WLAC

"Our inventories low all statistics point when you read these the national association of realtors reports and stuff is is that the mo the biggest challenge people are going to face in the coming years in in the housing industry is not going to be interest rates it's going to be finding a hat drive around the older neighborhoods most of them are halfway rehab now yeah and so how how many neighbors you go and you don't even see a for sale sign anywhere up to do that so as long as that trend continues it doesn't matter what the rates are gonna do people are still going to pay premiums for houses at that point in time people are going to pay whatever interest rate it is just to get that particular house in heaven forbid they wanna move into to a really hot air neighborhood has got good schools are good home for whatever it's unbelievable yeah i mean the rest of what we were reading into what these numbers it goes to speak in speaks to the fact of the whole housing market will be ruled by the supply and demand and you think about it and they they drew the correlation back with bmw if you think back bmw released i can't remember what it was but it was some car maybe two three series of whatever for like fifteen or nineteen thousand dollars and everyone freaked out like you can't build a good quality bmw for that amount of money well what they were doing is they were creating more more supply to meet the man not everybody could afford a forty fifty sixty seventy thousand dollars bmw but they wanted it so they built something that would meet the demand for everybody else that could and now all of a sudden you've got all these different levels of bmw's and it's a very profitable same thing with houses we've just got to build more houses help stabilize them the prices so that will stop going through the roof so you can make it more affordable but yet you got to get more builders you get more people in here to keep up with it well this is the price of everything as things continue to rise it's just it's it's a it's a terrible cycle here because landfill expensive so expensive so yeah they're going to build they're going to build houses that's great but they don't build how people right now it's hard to build houses that people can afford to live that's not six or seven hundred thousand dollars to do that and until they there's some answer to come up with to be able to do that within the confines of the city limits right now the only place you can get done that's why places like colombia are exploding right now places like lebanon are even springfield or you know these outlying areas that that the a lot of people in town considerably country those are the kind of the last frontier areas where there's affordability for people and and you can tell people are flocking to these areas so yeah how many houses i sold in springfield out i had to almost identical listings and back to back and it was just like well this is weird one point time murphysboro was that way but it's hard right now to find out i think about it it's why everyone keeps compare nashville to atlanta i mean this is the same some of the same reasons atlanta's grown out like it has keep on pushing further and further and further out part of this you know these properties in town you know are on what is this the council has ruled on this airbnb we talked about this before short term rentals stuff and you know we talked about that and i know we're gonna talk about this very soon but you know these houses that are qualified for airbnb in town that still have the licenses coming i mean people are just asking i mean the premium on these types of houses is unbelievable if they qualify for permitting uses for for short term rentals to do that you know but the one thing i don't think we have today that just came to mind though is the average hotel cost here in nashville nashville proper the last time i looked it was like probably was.

national association of realto forty fifty sixty seventy thou seven hundred thousand dollars nineteen thousand dollars
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

03:02 min | 2 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"Forty eight year old because it gives you almost twelve years to screw it up and get hit with a retroactive penalty twelve years long time not to screw something up so i don't necessarily want to deal with that but you have a roth ira already in place you have eight hundred thirty you have some money and personal money to you have enough either roth contribution money or personal money to get you through the next five five and a half six years of fifty thousand years so let's take you want fifty thousand a year right yeah and and look that's what our spend rate is now i gotta figure in medical care when we do this so that's why i'm gonna go with sixty okay let's do sixty let's take three hundred thousand or maybe even a little bit more just see you have some some wiggle room four hundred thousand dollars of your eight hundred nine ira money and use that as our what we would call bucket number one are spend down money and at sixty thousand a year that gets us more than five years of cash flow without touching the ira following me so far yup okay now first year but if i've got four hundred thousand sitting in a bank account or a low yield cash account that's very safe that i can pull sixty a year out of i haven't really got much in the way of taxable income do i i don't have any taxable income for that matter i've got a lot of room still left in my twenty four thousand dollars standard deduction the eighteen thousand and change in the ten percent bracket and so even some more room in the twelve percent bracket that i haven't even touched yet so here's what i like consider doing let's convert sixty seventy thousand dollars a year from my traditional ira to my roth ira and we do that every year while i'm drawing down my personal money each year i do a conversion of sixty seventy thousand dollars maybe more if you want to pay a little bit more in tax so that six years from now i have sixty thousand dollars of conversion that happened six years ago i can pull money out of my roth ira from contributions tax three penalty free and i can put money out of my roth ira from converted principal tax and penalty free if that conversion happened more than five tax years before so if i'm doing this and i'm doing sixty or seventy thousand a year and i get out to the sixth seventh year i've got money in that roth that i can tack that can get out tax free penalty free and as long as i'm staying five or six years ahead of the money being pulled out i'll never pay a penalty and i'm using my ira money now when i'm probably in the lowest bracket i'll ever be in to get me through and if i only need fifty thousand one year fifty and i build up a bigger cushion in the roth if i need a little bit more money i've got conversion our contribution money in there right now that i can access.

six years sixty seventy thousand dollars twelve years four hundred thousand dollars twenty four thousand dollars fifty thousand one year sixty thousand dollars fifty thousand years Forty eight year twelve percent ten percent five years
"sixty seventy thousand dollars" Discussed on KTAR 92.3FM

KTAR 92.3FM

01:39 min | 2 years ago

"sixty seventy thousand dollars" Discussed on KTAR 92.3FM

"Jordan goodman some doofus liberal arts major and they're now the most literate barista at starbucks making you know five or six bucks an hour whatever the minimum wages these days but they could be making maybe sixty seventy thousand dollars a year if they got a little grease under their fingernails i find that rather difficult to understand whether you're right in many cases more than sixty seven could be one hundred thousand i mean there are people out there who if you can exactly get some grease on your hands and do manual labor in various ways but skills manual labor car repair i'll tell you what a recent story i know a guy in the business and he said there's a shortage of fifty thousand utility linemen people who go up and put the lines down the storms come they they can't find people to do it to climb the poles and put those those wires up apprenticeship programs are desperate for people and they just can't find enough people and that you're hearing that all over the place i saw a story recent about ohio not to pick on ohio particularly but these manufacturing plants are desperate for people one of the reasons as all the people that will not all but allow the people that apply can't pass a drug test because i've got opioid unreal you know you know why there's somebody bowling leagues in america jordan tell me why i'll tell you why because there are that many people who wanna bowl but they can't make a living at it they're not good enough it's called hobby and if your hobby is my favorite educational whipping boy it trust can literature then larded as a hobby but don't try to make a living at it that's just bizarre it is so i mean but.

starbucks Jordan goodman ohio america sixty seventy thousand dollars
"sixty seventy thousand dollars" Discussed on KBNP AM 1410

KBNP AM 1410

02:02 min | 2 years ago

"sixty seventy thousand dollars" Discussed on KBNP AM 1410

"Money and at sixty thousand a year that gets us more than five years of cash flow without touching the ira's is the following me so far yep okay now first year but if i've got four hundred thousand sitting in a bank account or a low yield and cash account that's very safe that i can pull sixty a year out of i haven't really got much in the way of taxable income do i i don't have any taxable income for that matter i've got a lot of room still left in my twenty four thousand dollars standard deduction the eighteen thousand and change in the ten percent bracket and see even more room in the twelve percent bracket that i haven't even touched yet so here's what i might consider doing let's convert sixty seventy thousand dollars a year from my traditional ira to my roth ira and we do that every year while i'm drawing down my personal money each year i do a conversion of sixty seventy thousand dollars maybe more if you wanna pay a little bit more in tax so that six years from now i have sixty thousand dollars of conversion that happened six years ago i can pull the money out of my roth ira from contributions taxfree penalty three money out of my roth ira from converted principal tax free and penalty free if that conversion happened more than five tax years before so if i'm doing this and i'm doing sixty or seventy thousand a year and i get out to the sixth seventh year i've got money in that roth that i can tack that can get out tax free penalty free and as long as i'm staying five or six years ahead of the money being pulled out i'll never pay a penalty and i'm using my ira money now when i'm probably in the lowest bracket i'll ever be in to get me through and if i only need fifty thousand one year take fifty i li i build up a bigger cushion in the rock if i need a little bit more money i've got conversion or contribution money in there right now that i can access.

ira principal six years sixty seventy thousand dollars twenty four thousand dollars fifty thousand one year sixty thousand dollars twelve percent ten percent five years
"sixty seventy thousand dollars" Discussed on Radio Free Nashville

Radio Free Nashville

01:51 min | 3 years ago

"sixty seventy thousand dollars" Discussed on Radio Free Nashville

"And their insurance coverage for the vehicles that we toe none of uh folks would be l l c a typical ten ninety nine my show that these kind of individuals make sixty seventy thousand dollars but going to your cpa and itemising the as they and all the things that have save per every trip brings you down to not much in in the form of wages um our concern was an and we're doing everything we can as individuals politically too could try and stop this but if if if it would occur said it hasn't um are we can't find anything in the literature that meeting if this is going to affect the taxes that we try to put forth for two thousand seventeen or would this go into effect for the for next year for um that i mean if this were to in fact y you know they keep talking about so you know you're going to get this this christmas present blah blah blah if it's worth two gov facts or the year we would be finished and along with thousands and thousands of others subcontractors who do this type of workers to exhume the corporate young factly though mmos of slow down realize fees rvs get to the dealerships this way this is valid nature all over the country and we also do it up canada and also transport boats for people who want their both from point a to point b this is how it's done and none of these folks would be an llc are incorporated and they would all be subcontractors um i i can indian in fact uh because your ten.

insurance coverage canada sixty seventy thousand dollars
"sixty seventy thousand dollars" Discussed on C-SPAN Radio

C-SPAN Radio

02:57 min | 3 years ago

"sixty seventy thousand dollars" Discussed on C-SPAN Radio

"Making sixty seventy thousand dollars and you have several children when you take the doubling the standard deduction and you take away the personal exemptions as of today the family comes out behind now maybe we'll see something else but that's the facts as a today and one of the things that has occurred to me about arm the reconciliation process and the next step is reconciliation in bad enough colleagues take a look at section forty one eleven of the chairman's mark now currently it's required there be a score of any reported bill twenty eight hours before the senate votes with section forty one eleven you could have no score on the cost of the bill at all which it seems to me particularly when i listen to my friend santer corker is not a very sensible way to proceed now maybe were in sort this out here in this discussion but that's our reading a section forty one levin now why is this especially troubling and i think sarah crepeau was there for this yesterday is i think when you look at some of the math behind what has been advanced at least today from republicans there's some kind of magical growth theory that's being applied now sarah crepeau knows i happen to think behaviors important you know i think it's a real factor but steve mnuchin said that we were going to have like two trillion dollars worth of growth on this and yesterday we had economists at the senate finance committee saying now these are republican economists by the way saying no grow doesn't pay for itself and that's why we're also concerned because we've seen this movie before colleagues in two thousand one and two thousand three bush tax cut same thing promised us all this progress and growth unlike what we got were big big deficits we had the haul ourselves out of that and i can go kind of section by section through this there is a pass through prevision which i think opens up a loophole for the mega wealthy that is the size of the grand canyon every one of us wants to be for small business we're talking about cleaners we're talking about garages we're talking about restaurants what this pass through provisions basically says is the high flyers can figure out a way to take ordinary income and converted into the low rate business income and by the.

chairman senate santer corker levin senate finance committee sarah crepeau steve mnuchin bush sixty seventy thousand dollars two trillion dollars twenty eight hours
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

01:39 min | 3 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"I realize in the business why was in i was taught told this early on because it really hard at a hard time i would sell people ten thousand dr products three thousand four thousand i big numbers and then i would see them months later and nothing would happen you know what i may i feel guilty in riot right you do why on my god you now with that said if you go to university today at them you whatever new spent sixty seventy thousand dollars times a year which is crazy anyway you don't see smu or harvard going oh we're so so sorry the you didn't get a job in our whatever they they don't care they're like can you pay us our money and then we have somebody else as has explained to me is that people will take on the education and they may or may not use it and it's not your job to get them to but you can help them through the process right yeah i i remember someone's home the average real stained bazargan was i was in really really roles men's forty to sixty thousand dollars education before they make their first deal pray for and that's when i realize it's my job as the communicator the educated the teacher always if i'm giving i gifts and i share from full exposure france and full integrity and it's up to them to choose train so did you have to have any like what i call hard commerce someone like this business were switching so for me the reason i'm going to tell you that first of all my question is are you passionate you'll love it was there ever a tiny left it you know sometimes you get in a business and we're thinking this this is going to be a great money maker right those are the businesses that usually aren't worth saving because if you're just in it for the money you've got a lot of other things that you.

france smu harvard sixty seventy thousand dollars sixty thousand dollars
"sixty seventy thousand dollars" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:08 min | 3 years ago

"sixty seventy thousand dollars" Discussed on News 96.5 WDBO

"With the nc aa the national collegiate athletic association and i have really had a problem with the nc aa because to me when we look at what we can say show we want at the end she aa loves using the term student athletes whenever it the cowards are student athletes will be here just a few minutes yes the student athletes that you make billions of dollars off of now the student athletes also get something in return they get an education many choose to take advantage some choose not to take advantage but those that do end up coming out with degree that is paid for it in many cases for example you look it's a private institutions in the country you're talking fifty sixty seventy thousand dollars look at duke you think you're talking now to room and board everything is probably sixty seventy grand all lynn now it is a football player college or or college basketball player or any other athlete are they receiving something in return for playing yes but there are restrictions on what they can and cannot do when many cases i have a problem in in some cases i have a real problem because a coach can get up and leave a coach can basically have a contract a basically have a contract and say great i'm going to leave i'm gonna pay artists all buyout amount and i'm going to go through is no rule that precludes me from coaching another team in the conference from the division anywhere immediately now in many cases the athlete was recruited by specific coach wanting to play or specific coaches system and in many cases the coach can both get up and leave but the player is shredded there and they could no longer fit into the system in which they are recruited i have a problem with this in many ways because then they cannot transfer are basically held against their will and people do not realise that college scholarships are not guaranteed for four years now students can go play football basketball they could have a career shattering injury now most of the time the coach the.

football basketball fifty sixty seventy thousand d four years
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

01:42 min | 3 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"I was taught told this early on it because it really hard at a hard time i would sell people ten thousand dr products three thousand four thousand i mean big numbers and then i would see them months later and nothing would happen but i feel guilty in riot right you do my on my ganja now with that said if you go to university today at them you whatever new spent sixty seventy thousand dollars sometimes a year which is crazy anyway you don't see smu harvard going oh we are so sorry that you didn't get a job in our whatever they they don't care can you pay us our money and then we have somebody else as has explained to me is that people will take on the education and they may or may not use it at it's not your job to get them to but you can help them through the process right yeah i i remember someone's communist the average real steambath forgiveness i wasn't really really roles forty to sixty thousand dollars education before they make their first deal plo right that's where i realize it's my job as the communicator the educated the teacher always if i'm giving i gifts and i share from full experience and full integrity and it's up to them to choose train so did you have to have any like what i call hard commerce eastside with someone like this business it's were living so for me the reason i'm going to tell you that first of all my question is are you passionate you'll love it was there ever a tiny left at you know sometimes you get into business and we're thinking this is going to be a great money maker right those are the businesses that usually aren't worth saving because it you're in it for the money he's got a lot of other things that you need me focusing on you're not going to love it right 'cause business as hard and when those hard times com if the money is the only thing keeping.

harvard plo sixty seventy thousand dollars sixty thousand dollars
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

01:45 min | 3 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"Realized in the business why was in i was taught told this early on because it's really hard at a hard time out with sell people ten thousand our products three thousand four thousand i mean big numbers and then i would see them months later and nothing would happen in my job i feel guilty riot rangeel why am i gonna you with that said if you go to university today smu whatever new spend sixty seventy thousand dollars sometimes a year which is crazy anyway you don't see smu or harvard going all we are so oh sorry thank you didn't get a job in our whatever they they don't care alike can you pay us our money and then we have somebody else as ask has explained to me is that people will take on the education and they may or may not use it at it's not your job to get them to but you can help them through the process right now i i remember someone communist the average real steambath forgiveness i was really really roles forty to sixty thousand dollars education before they make their first deal well right and that's where i realize it's my job as the communicator the educator the teacher always if i'm giving i gifts and i share from full exp periods and full integrity and it's up to them to choose train so did you have to have any like what i call hard commerce is a someone like this business that worse so for me the reason i'm going to tell you that i thought my question is are you passionate you'll love it was there ever a tiny left at you know sometimes get in a business worth thinking this is going to be a great moneymaker those are the businesses that usually aren't worth saving because it you're in it for the money you've got a lot of other things that you need me focusing on you're not going to love it right 'cause business as heart and when the hard times comic money monies the only thing keeping.

smu harvard sixty seventy thousand dollars sixty thousand dollars
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

01:45 min | 3 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"Realize in business where i was in i was taught told this early on because it really hearttoheart at a hard time i would sell people 10000 products three thousand four thousand amine big numbers and then i would see them months later and nothing would happen you know one of my job i feel guilty raged you wyoming gadjah now with that said the few go two university today smu whatever new spend sixty seventy thousand dollars sometimes a year which is crazy anyway you don't see 'some you're harvard going all we are so sorry the you didn't get a job or whatever they they don't care can you pay us our money and then we have somebody else as soon as explained to me is that people will take on the edge qingtian and they may or may not use it at it's not your job to get them to but you can help them through the process right yes i i remember someone's communist the average real staying buzzer gave his i was really really roles yet forty to sixty thousand dollars education before they make their first deal will rate and that's what i realize it's my job as the communicator the educator the teacher always if i'm giving i give and i share from full experience and full integrity and it's up to them to choose shrank so did you have to have any look what i call hard commerce someone like this business not worse living so for me the reason i'm going to tell you that i saw my question is are you passionate you'll love it was there ever a tiny left at you know sometimes get into business and worth thinking this is going to be a great money maker those are the businesses that usually aren't worth saving because if you're in it for the money you've got a lot of other things that you need me focusing on you're not gonna love it right 'cause business hard and when those hard times comic the money's the only thing keeping.

wyoming harvard sixty seventy thousand dollars sixty thousand dollars
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

01:44 min | 3 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"Realize is in the business why was in i was taught told this early on because it really hearttoheart at a hard time i would tell people ten thousand dr products three thousand four thousand amee big numbers and then i would see them months later and nothing would happen you know one of my job i feel guilty in riot right you do wyoming gadjah now with that said if you go to university today smu whatever new spent sixty seventy thousand dollars sometimes a year which is crazy anyway you don't see 'some or harvard going all we are so sorry the you didn't get a job in our whatever they they don't care the like can you pay us our money and then we have somebody else as has explained to me is that people want take on the education and they may or may not use it and it's not your job to get them to but you can help them through the process right now i i remember someone's communist the average real staying bazargan is i was really really rules bins forty to sixty thousand dollars education before they make their first deal well all right that's where i realize it's my job as the communicator the educator the teacher always if i'm giving i give and i share from full experience and full integrity and it's up to them to choose train so did you have to have any link when i call hard conversations with someone like this business it's not worse so for me the reason i'm going to tell you that i saw my question is are you passionate you'll love it was there ever a tiny left at you know sometimes you get in a business worth thinking this is going to be a great moneymaker right those are the businesses that usually aren't worth saving because if you're in it for the money you've got a lot of other things that you need me focusing on you're not going love it right 'cause business is hard and when the hard times com if the money is the.

harvard wyoming sixty seventy thousand dollars sixty thousand dollars
"sixty seventy thousand dollars" Discussed on BizTalk Radio

BizTalk Radio

01:47 min | 3 years ago

"sixty seventy thousand dollars" Discussed on BizTalk Radio

"Why was in i was taught told this early on because it really hearttoheart at a hard time i with sell people ten thousand dr products three thousand four thousand amine big numbers and then i would see them months later and nothing would happen you know one of my job i feel guilty in riot raged you why am i gonna now with that said if you go to university today 'some you whatever new spent sixty seventy thousand dollars in times a year which is crazy anyway you don't see ask them you or harvard going home we're so sorry the you didn't get a job in our whatever they they don't care the like can you pay us our money and then we have somebody else as soon as explained to me is that people will take on the educated asian and they may or may not use it and it's not your job to get them to but you can help them through the process right now i i remember someone's communist the average real steambath buzzer goodness i was really really roles forty to sixty thousand dollars education before they make their first deal well rate and that's what i realize it's my job as the communicator the educator the teacher always if i'm giving i gifts and i share from full experience and full integrity and it's up to them to choose so did you have to have any look what i call hard commerce uses with someone like this business thought worse so for me the reason i'm gonna tell you that i saw a my question is are you passionate you'll love it was there ever a tiny left at you know sometimes get into business and we're thinking this is gonna be a great maker right those are the businesses that usually are worth saving because if you're in it for the money you've got a lot of other things that unity focusing on you're not gonna love it right 'cause business is hard and when those hard times comet the money's the only thing keeping you there you're gonna be struggling so i i really wanna know is that passion there that's the big one.

harvard sixty seventy thousand dollars sixty thousand dollars