24 Burst results for "Thirty Thirty Thousand Dollars"
Standup Comedy "Your Host and MC"
"Audience of One" Bruce Baum Bonus Show # 24 - burst 1
"Bruce bruce. Thanks for joining us today. I hear you have a little funny to share with the crowd. Yes i do it by the way you've got the best saudi important world. This happened on hollywood squares match our and at the end of the show they let you pick one of the celebrities and you come out and whatever the the jackpot is up. You try to win. At this point it was thirty thousand dollars. Wow that was a few ten consecutive letters. Like you might start me and then go from c. tearing you'll get one clue and they have to say the word you're trying to get them to say that they get all ten they win thirty thousand well on this particular day. The guys who ended up winning. He's got a beard and he's got a cat. And he's telling steve al and a couple of other stars backstage that he works for the cia and that he monitors foreign stuff out of turkey. And we're like whoo. That's kind of cool but in the back of your mind you're not supposed to carry you there in the
America First with Sebastian Gorka Podcast
AOC's 'Tax the Rich' Dress: The Ultimate Display of Hypocrisy
"How much those tickets. Jeff what are you. What did you say the prep sir. How much is a ticket to the met gala. What are they saying some places. They're saying thirty thousand thirty because you by tables and the tables are like twenty two hundred and fifty thousand or whatever all depends where your table is too right. So there's you know there's at least eight people at the table so we're talking. We're talking about a a very nice car to go and eat rubber chicken pretty much. I wouldn't go for free. I know he wouldn't go for free. I've never been to the met gala ever so here we have somebody who was a bartender who was elected not as a democrat. Can you just be very specific about this. Something says she's no no no it's the socialists. Okay it's the democratic socialists of america the ds that is her affiliation. That is how she was elected. She's not a democrat. This isn't scoop jackson's party. She is a socialist. She is the inventor of the green new deal. That is the most ambitious plan to take away your freedoms we have seen in the united states since slavery. Yes i mean it in terms of the control given to government saints a mansi patient. We've never seen the like of it. No air travel gasoline engines. Gone beef bad as well. Get to eat beef. It's in the plan which had that strange document from her website that disappeared the faq's the frequently asked questions about what's really going to happen when the implemented why was that deleted from your website. Alexandro castle cortes and she goes to the metropolitan gala. Where tickets are at least thirty thousand dollars per head in a custom gal and greens that grin of hers is. She does a twirl and shows the world her eat. The rich slogan eat the rich custom gown. Thirty thousand dollar ticket the metropolitan god what tax the rich. Yeah eat the rich the next phase. That's that's green. You deal to point
The Horse Racing Radio Network Podcast
A Stroll Through Racing History: September 11th
"On september tenth. Two thousand one keeneland association in lexington kentucky opened its annual september. Yearling sale a colt by leading sire storm cat. Top the opening session at five point. Five million dollars the final crop of legendary sire. Mr prospector was attracting considerable interest. As well it was business as usual but the following morning as handlers presented yearlings to prospective buyers in the bar area and as consigners were busy rushing updates to the sales pavilion images of coordinated terrorist attacks on the united states began. Filling newscasts being streamlined. On television monitors located throughout keeneland sales complex there were horrific images from new york from washington dc and from pennsylvania the nation was thrown into chaos on the keeneland sales grounds individuals who only moments earlier had been preoccupied with selling and buying horses suddenly stopped. They stared in disbelief struggling to comprehend what was unfolding on the east coast. Keeneland officials immediately announced that the start of the sale will be delayed by one hour but then as the depth of the attacks became more fully known. The decision to the way became a decision to postpone with keeneland. The mount saint that the sale would not continue until the following day at the earliest given that it was tuesday. Only eleven tracks across the country rescheduled the host. Live racing the downs at albuquerque delaware. Park fairmount park fair. Plex finger lakes great lakes downs. The meadowlands mountaineer racetrack philadelphia park prairie meadows and sunray park all eleven canceled. Most racing facilities would remain closed the following day as well at keeneland the president. Nick nicholson announced the formation of a red cross relief fund. It raised one hundred thirty thousand dollars within the first twenty. Four hours in the midst of the shock. Anger and sadness. There was also a stronger sense of community beginning to emerge
The Dave Ramsey Show
"thirty thirty thousand dollars" Discussed on The Dave Ramsey Show
"That's term life at three three seven eight. Nine chris christie's in san antonio texas. Hi chris how are you. Hey how you doing today. Better than i deserve. What's up. i can go that. Certainly i've been hearing a lot of your Advice about life insurance policies and that's something top mind right now i just turned fifty years old. That's your benchmark moment in my life. And now that i have someone in my life seen this merger go chris are you gonna come back. You wandered off. Chris christie. You wanna put you on. Hold kelly pickup if we can get you plug back in. Brother are at travis's in hopkinsville kentucky. Hi travis our you did. How are you mr. Dave benesch john better than we deserve sir. What's up well. I'm just wondering. I've got going through a divorce now. She woke up one day. You told me she didn't want me anymore. That wanna be with me a little a little almost three years. Sorry to get married in two thousand nineteen. Well i've got a little student loan and a little truck loan gym membership and Student loan is one eighty five a mind truck. Long is about three seventy five a month gym membership at twenty dollars a month and i make about sixteen dollars an hour with no benefits. A little bit of ot and my question is should. I the house that. I'm living that me. And my wife are living in now from my mother at roughly a hundred and thirty thousand or should me and my mother because it's her house. Continue to split the payments of about three hundred dollars a month Your mother doesn't live there right. Correct she lives. On the other side of nashville. But i was okay. And what is the house worth She says she my. My mother told me she's had offers at right now. One sixty just as it sits without anybody coming out and looking at it. But that's just what people would offer her. That's not an actual agent or abrasion. How how old are you sure. I'm twenty seven. Twenty eight december. Well sound like you've had a hard year sir. I'm sorry issue What i what i would have you to do before you buy a home from anyone. Your mother or anybody else is to become debt. Free have an emergency fund in place So that means we need to clean up The gym membership membership. That's not a debt. But the rest of it is that we need to clean up. And if you can't get ot at this place you maybe need to look for some ot somewhere else. The second as soon as i get off on with you. I'm headed to my side hustle demo george. Okay good well. You're not afraid of hard work. That's for sure and So the on the career side of things. The next question you start asking yourself is twenty seven And i'm make thirty thirty thousand dollars a year so what. I'm what am i going to be doing. When i'm thirty. Seven the page double that. And what steps have i gotta take to get there. Those are kin coleman type questions if you've ever listened to him and to develop a long term career path that gets you up and beyond where you are. There is no shame in where you are at all. You're not afraid of hard work. You work hard for the money that you got. I'm proud of you for doing all that But i don't want you doing the exact same thing making the exact same money ten years from now. Do you know shit okay. So what is your plan. What are you going to be when you grow up so to speak. Well i actually Just quit my job about a month ago and now i'm doing a lot. Follow ken. Coleman did jump out on a lamb and started my career path. I'm the assistant golf course superintendent at a local golf course here and looking to move up to the head superintendent. I like that okay. You're way ahead of me then. All right i'll step back then and let you in can run that path. You're doing a good job. Well done all right. Let's hold off on bond the house to your debt free and having emergency fund in place and that is also gonna give you the side benefit of giving your heart your broken heart. Some time to heal drive is something we do when somebody pulls the the carpet out from under us is we start trying to grab for stability in. It feels like bond. Mom's house is going to give us a foundation and right. It's it's it's not. It's going to be another albatross around your neck right now because you can't afford it guy has i've lived here for twenty five years and this is where i grew up. Kid got you. There's your heart your heart is looking for a place that's going to receive it back right. Yes sir what i want you to do is stop looking at truck payments. Stop looking at other payment. Find out how much you owe get out of debt and let that be where you begin to get stability stability in taking steps after steps after steps towards a whole guy. Don't try to look in your past and try to recreate something you've had in. Your mom may say well then forget you know sell the house. That's what she chooses do. That's what she chooses to do. Go rent a one bedroom apartment while you climb out of this mess exactly but you can get there man exactly. So here's okay so can is giving you a path run on. John just gave you some really important words there The old joke is that broke. People tell you how much the payments are rich people tell you how much debt they got brighter. How much down. How much a month. That's broke people talk. How much is what rich people ask them in. So not how much death. But how mu- how much that's what they say not. Not how much down. How much money. So quick thinking of your debt in terms of payments. Start thinking of it as i have this much card that i have this much loan debt and i've got to get rid of it. You may have to sell your truck. You i mean you do what you gotta do. Brother get out of debt and find that the finest ability walking forward and the beautiful thing about that is it gives you something to focus on while your heart is healing. That's right and And you don't have to buy a house right now That house will be there. You're gonna get all this done probably a year and a half two years and then by the house from your mom probably what's going to happen Or you may decide. You don't want to live there. That's okay by the way open phones at triple eight eight to five five. Two to five scott is in las vegas. Hey scott welcome to the ramsey show. Eight on I just wanna thank you First of all food and your plan And your teachings on goals 'cause Between being debt free as of today i will be I i've lost it before pounds and we're talking about that didn't look at you. Oh so But my question is Light at the moment. I'm uninsurable.
Airplane Geeks Podcast
Piedmont Offering $30,000 to Captains and Upgrading First Officers
"Our first story comes up. Wait a minute where is this from pedley. Paddle your own canoe dot com. I didn't notice that. I'm not sure what that is but rob Pilots at piedmont seem to be making out financially pretty well these days well in terms of it's all relative to regional airline pilots but regional airline money has certainly gone up over the last few years From what we used to talk about pilots being paid peanuts and and they're making better but this time what really irked. Everybody was that the pilots got bonuses and the flight flight attendants are still arguing trying to get a contract and many people in the labor movement. Thought that was rather unfair and One of the comments. I saw this story was of course. It's unfair. that's what they have unions for because they have to fight for things like that. And i it never fails to amaze me that. Ceo's of any any organization can do things like that and say oh those people over there. Oh we we don't even see them they just don't exist But but hang on keep you know. Keep your dedication To the company going. Because we'll take care of you one of these days It's tough to Tough to stomach. I guess so. We should explain that. Piedmont is a wholly-owned subsidiary of american airlines it operates under the american eagle brand it's a regional carrier so Piedmont says they struck a deal with the alpa union. Where captains would receive a thirty thousand dollar retention bonus in november and additionally current i officers would get thirty thousand dollars. Also if and when they're promoted to captain
"thirty thirty thousand dollars" Discussed on CarCast
"All right so we got an a sex news. We got some bronco news. We've got some mazda news. Ford maverick blah using that name for name or I think the interesting thing is is the highly anticipated corvette zero six eight zero six To make that car different right. We've got it's got a great engine. In-and-out associate And there could be a supercharged version of that engine as as you are one. Zero six was always a really cool. Kind of track oriented streetcar. Track car So the is expected to be a five point. Five liter flat plain crank naturally aspirated v eight that winds out to nine thousand rpm and it. It sounds amazing so october. Twenty sixth is going to be the debut of that car. so maybe we get a final. Look we get some maybe some real specks. What kind of horsepower. Already the is assets. Held a great car. Everyone just loved this most bang for the buck But the hotter version of that is going to be cool. Yeah look Everything i sorta complain about. Come to for wishing that at some point. Which is i you know. It's gone the same direction as the mustang like the mustangs just weren't cutting it they just aesthetically mechanically and you know and i was always the one going. Why do we have live rear axles in two thousand and fifteen. Or why do we have. Leaf springs are like what is going on with these interiors are how come. We don't have some higher. Revving euro eurocentric type engines. Or whatever. and. I've always said that about the kind of the vet and the mustang which is. Why isn't there more of a european flavor to these cars. Why why isn't the technology lagging. What's with all the push rods and leaf springs and You know and to be fair to them. They all still performed with the live axles and the push rods and everything. But i still like to be kind of a world class sports car i want. I want these innovations. I want some overhead cam right and and so on and so forth and and interiors yours kind of lagging behind. And they've done. They stepped it up. They they able to do but soft touch materials and the interior. And now you're right. It was also part of a selling point. I mean i at one point even ford was saying oh well we can make the car fast with alive actively. Yeah but you still say live axle right or you still say push rod. Va you just say you know. Where are we going in the future. How long is this going to go for. And then we get end up getting independent rear. Suspensions dual overhead cams and and things like that. So i think this corvette which they've done amazing things with the engine but now we get to see something really new like the flat plain crank v eight version of this which the audio clips were. It's been teas you get a little bit of that exhaust note while it's out on the pipe you know testing somewhere and some track. It sounds crazy. It sounds good. You you hear it and you would. You would never think any muscle car. Sports car specially from the united states. You wouldn't really think that they're going to nail it. Yeah i agree in good. I mean it. It took a little while. Now there's been some major rations that were that worked and some stuff with the zeo. Whatever with the yamaha heads on it and stopped or kawasaki or whatever marine application you know they they combined with and a lot of that stuff's been good but it's just spinning kind of dribs and drabs and now you know. The baseline of the corvette is good. And then whatever's above the baseline is excellent. You know yeah so it'd be interesting to see. We got the c eight. We know a zero six is mostly going to be. I wonder if they do are one sort of a supercharged version. Because it's it's basically got the shape and the platform of a supercar If you had a sixty thousand dollar base model zeo corvette and then you had a hundred and eighty thousand dollars corvette like i think there's enough platform enough room on that platform to do it right. Well now the architectures there right so now you have now. You have this mid engine vehicle with with an architecture. That'll that'll support. Whatever you throw at it from a performance standpoint. I mean if you think about with with mustang you get you get an ego boost in the thirties. Thirty thousand dollar range all the way up to. Gt five hundred at one hundred thousand and change right so. There's a little bit of room there. I think you can go somewhere between sixty and one eighty with the corvette by doing a an over. The top supercar version may be supercharged. Something like that but you know to do it. You're going to have to get in that seven hundred horsepower. Seven hundred and fifty horsepower range..
The Breakdown with NLW
Visa Buys a Punk as Bitcoin Returns to $50K
"As i discussed on saturdays weekly recap. Bitcoin had just made a nice little punch-up heading into the weekend last night on sunday. Bitcoin lifted its head above fifty thousand where it remained until about an hour ago at the time of this recording. Some have called this last month. The short squeeze rally referring to the fact that it was started as bitcoin held above thirty thousand dollars in the face of numerous short positions that forced those shortsellers to buy more at higher prices to keep their positions open to being a boom short-squeeze. Whatever the cause over the last thirty days. Bitcoin is up around forty six percent and bitcoins peak in the last twenty four hours around fifty thousand two hundred three month high. Bitcoin is now recorded gains for five consecutive weeks. Which is its longest winning streak in september of last year. Matthew did the co founder and coo at stack funds said that this rally unlike some of our previous frenetic moves up hasn't been driven by derivatives bets but instead by spot buying quote looking at funding in the options market. This rally still appears to be spot driven. Our expectation is that this break of psychological resistance will likely result in a rotation back to bitcoin in the coming weeks with the next target of sixty thousand dollars. This idea of a lot of spot buying driving things seems to be affirmed by data from into the block which shows that institutions in. Wales appear to have been accumulating alongside price growth. They tweeted institutions in wales. Getting increasingly bullish on bitcoin as prices have climbed over the past few weeks the volume addresses with at least one thousand. Bitcoin are showing a positive correlation with bitcoins. Price of point seven five in q. Three
MVP Breanna Stewart Leads Storm to Win in Inaugural Commissioner’s Cup
"Brianna stewart sprawled out as the seattle storm beat the connecticut sun in the wnba. Inaugural commissioner's cup season championship in the league's twenty-five years history and it was a big payday for the storm. The wind clinks a thirty thousand dollar bonus for each member of the storm and an extra five thousand dollars for brianna stewart. The son received ten thousand dollars
The Book Review
Dana Spiotta Talks About Wayward
"Deana spilled a joins us now. From the catskills. She is the author of many novels including innocence and others lightning field and stone arabia and her latest book is called wayward dana. Thanks for being here. Thanks so much for having me pamela. So this book begins with a house. Why what is this house. And what role does it play in the novel. Well it's a falling down arts and crafts house. That's in the city of syracuse. The main character. Sam has a habit of going to these kind of open houses. With no intention to buy and she finds us wreck of a house and syracuse you can actually buy houses for forty thousand dollars thirty thousand dollars that are completely falling apart and she just impulsively signs a contract for this house senate. Only when she's driving home that she realizes she's going to leave her husband and her entire life. And i think one of the questions that drives the novel in the beginning is why does she do this really reckless thing with her life and and i think she falls in love with the and i am part of me was thinking of writing a midlife person blowing up their life but i didn't want it to be because they fell in love with a younger lover which seems kind of cliche. I thought we're done with that. We're dealing with no this house. And i think the question is what is the house speak to her and i guess it wasn't what i was writing it. I didn't think about it as much. But after i thought okay. The house is hiding in plain sight at you could ignore it or you can look closely and see the beauty there and i think she's she thinks it speaks to her and she's the only one that can still see that it's beautiful and so maybe that has something to do about the state. The cheese in or that. Her life is in to that. She needs to kind of look at her life in a different way so she can see what's still beautiful and what still needs work. Maybe
The Breakdown with NLW
Everything You Need to Know About Elon, Jack and Cathies Bitcoin Chat
"The b word was an event held by arc. That was meant to demystify bitcoin and specifically to demystify it for institutions. That had perhaps gotten off track with bitcoin in their relationship with bitcoin. During the absolute craziness of the first part of this year to that end yesterday saw sessions on energy and mining. Courtesy of nick carter sessions on the macro context with lynn alden discussions of human rights and bitcoin with alex glad scene but there was absolutely no doubt that the most anticipated part of the show was the discussion between jack. Dorsey kathy would andy mosque with steve lee from square crypto. Moderating as i said yesterday on the show the whole thing had come up theoretically spontaneously on twitter with ilan making a joke. On one of jack's threads at least that's what we were made to think. It seems far more likely to me that the whole thing was engineered by would herself. Who was up until very recently the connective link between ilan in the bitcoin. Space whatever the providence of the discussion however. There is no doubt that the market had serious anticipation around what was going to be said. Bitcoin had rallied from under thirty thousand dollars on tuesday to around thirty two thousand dollars as the discussion began. I think the best way to highlight the event is to go person by person and give a little sense of the highlights of what they discussed from there. I can provide a bit more of the shared. Sense of how the discussion proceeded.
Halfway There | Christian Testimonies | Spiritual Formation, Growth, and Personal Experiences with God
"thirty thirty thousand dollars" Discussed on Halfway There | Christian Testimonies | Spiritual Formation, Growth, and Personal Experiences with God
"He's given his life to jesus As smirking weed It's it's it's fascinating. He's now a youth pastor catholic church by the way And and i think it put me in the lives of people who wondered like what. What are you talking about christian kane. Why don't you want to go and do the things we want to do I think they'd probably think my experience of that was like i was going through a bit of a face crisis but they were also looking at me. Like here's this really intense christian hit who we you know. We obviously can't talk about certain things around you know and he's obviously not gonna come to the strip club with us and so it's a really interesting time kind of by fake bumping up against the reality of people who didn't follow jesus and had questions. Yeah interesting so what was the faith crisis about yeah. I think it was a vocational crisis. Shore i mean. I think it was a a sense of hartford was probably. What do you do with a las vegas. Art of it was I was pretty clear about the direction i was going in and now i find myself in chicago. Just kind of you know making thirty thirty thousand dollars a year. My wife finishing up a nursing degree with not a whole lot of clarity And i think what's interesting about. That is that emerged out of that. Was that you've pass through and had such a big impact on me Want to a seminary of reformed theological seminary in jackson mississippi around kind of around the last months that we're in chicago. I just had the sense that my my dad left. My mom was now down in orlando. I just hadn't sense of. I need to go down by my dad and you know this guy who had such a profound impact on me went to Reform theological seminary. So what if. I just go to seminary there. I remember telling my wife. I promise i'm not getting getting into ministry. But maybe i'll just do an md and go off. And i'll do met teach the and that will be that and so that was the next step for majority. Yeah okay so you went down there. It's florida's a interesting places. As natalie gets always kind of a. It's got its own little little culture to i think is kind of fascinating. Did you find that. yes yes. that's exactly right. it's even christianity. There is very. It's got different pockets such an interesting thing because you kind of the reformed Circles in it. Sounds like while so yeah. So in the in the mid ninety s that would have been time when People were beginning to flock to archie. Yes because a guy name artsy sprawl was down there. Okay and There are a number of other great faculty turns out. You went for our c sprawl. You stayed or from the other faculty but you know it was. It was just an and so. This was a really interesting season of of for me. Not going with the mir called ministry. I was all my peers. Wanted to be pastors. And so they're my story of anxiety sort of continues in that season as i look around and say how. He's got certain he's got clarity. He's got and she she. They're men and women during that time at our ps Studying there Which was for me. The first entree to becoming a gala tyrian but It was a really interesting season like what. What am i going to do inside. I i was..
The Dave Ramsey Show
Q&A - Should I Invest in Work Pension?
"Michael's with us in wisconsin. I'm michael how are you dave again. Just a quick question for you. I we salute you. All about a year ago left my job and punching their concert system. It's a four one. Eight plan is about sixty thousand dollars in it. You know you always recommend to roll that over when you leave or personal. I'm wondering if i should do that in leaving that plan. You lose the employer contributions which is about fifty percent so that'd be thirty thousand dollars. I'm wondering what the best movies i let it. Sit and exit. When i'm able to and the eligible to what you've aged fifty or and thirty years old and Or do i take that out and take a loss. Bested the 401k planet year old company does not vast. You're matching until you're fifty. It's a four one. Is you know but that just means after taxes. All that means Yeh don't vast. you're matching true. Yes correct that's asinine okay And it's how much money sixty thousand. That's the match portion Thirty thousand monday's okay. And how what's it invested in. I truly did. Oh jeez i don't even know what the breakdown is. They are pretty limited on what you don't get to choose your investments in that plan. Yeah how old are you the ones in thirty. But you don't get to choose the investments in your plan. Negative a state okay. Here's what's running through my head and then you can decide what you wanna do your hold now again. Thirty thirty thirty years old okay. So for twenty years you either are going to have thirty thousand dollars. Sixty thousand dollars underperforming sucking sixty thousand. Or you're going to have thirty thousand performing well. Yeah in good mutual fund about you were gonna go and i don't know which one's going to end up with more money is the only way i said do. The thirty thousand will double if you've got it invested at ten percent if you re if your mutual funds perform a ten percent which they should i will double about every seven years and so it would double three times twenty years twenty one years so it would go from thirty to sixty two Okay i can do this. Wait a minute it'll go from Thirty to sixty two one. Twenty two to forty okay. That'll be you're thirty thousand double three times one. Two three tops. That's okay now sixty. Let's say it's making you ain't at cast. What the stupid things making. I would guess i. I've looked at the evidence over the course of the last say forty years parole together. I think i came out with like a southern eight percent average so seven percent. It'll double every ten years. Okay so sixty would be one twenty would be to forty. It's exactly the same. Yeah okay. you're thirty will grow to as much as that. Sixty will grow if you invest it at ten percent greater versus seven
The Breakdown with NLW
Bear Market? Not According to These Monster Funding Rounds
"So yesterday folks were starting to get dreary. Obviously the crypto markets haven't been great for a while now but there were some big psychological milestones that were crossed yesterday and crossed in the wrong direction. The too big of course. We're bitcoin dipping down under thirty thousand dollars. Effectively retracing the entirety of twenty twenty one and the theory of going below two thousand and meaningfully below for awhile. I spent a fair bit of time on this show talking about why the market has been turning. But i think it's worth reviewing here briefly as we set up the rest of today's show. I i believe that there is macro structural weakness. We are now in the post vaccine pre tapering phase of covid era macroeconomic policy that means that normal economic activity is resuming indeed. Some of the economic activity is even abnormal as people catch up on things like trying to build houses and move. That's putting inflationary pressure on the system which we see even in the traditional measures like e or personal consumption expenditures or cpi consumer price index holding aside any critique of those measures as tending to underestimate true inflation. The fed for their part has been that those pressures are transitory for months. Inflation being transitory of course means that it is insufficient to get the fed to consider a change in policy withdrawing support in the form of either bond buying or near zero interest rates however the market and the popular financial media. Haven't really bought this transitory and of course inflation can become self fulfilling prophecy pretty easily. If one thing's prices are likely to go up in the future and has the means to buy now. They tend to buy now putting pressure on the price to go up at the latest. Fomc meeting last week. The feds started to admit that they weren't totally positive that all inflation was in fact transitory. And they said they might need to at least start thinking about thinking about tapering policies. That showed up specifically an expectations of move away from zero interest rates in twenty twenty three about a year earlier than they had previously estimated. The market is completely addicted to cheat money and so hated this
Trailer Junkies Podcast
"thirty thirty thousand dollars" Discussed on Trailer Junkies Podcast
"Twenty four seven. I need to brute because the minute that you turn it into a job than the enjoyment diminishes at least everybody's expecting my beer but could go two zero no like two times a month if fiber one time a month. That's a lot. I tend to brew like every other month every other month. Yeah and a lot of times. It's it's just a just. I want abreu do it on a whim. I wanna brew. I don't get on the bike. Just get the stuff xactly. Yeah but now bruins fun. I mean it's one of my favorite things to do. It's one of those things. Where every time i tell claris i'm going to hang up and never brew again. I think i've told her that for five years now and the funny thing about it is. It's one saturday that i brew. And then that batch burmans over weeks and then you bottle or keg and then you know it seems like a long process but really your energy is eight hours oh really eight. Hours per bash. Yeah eight ah but it's spread out spread out over. Well you have brew day right which is like six hours and then you have been bottling and then you have like bottle or keg day which is like two three hours max so ten hours ten hours max over eight weeks. Yeah and then. It's wait three more weeks to drink so you're talking like at three months by the time you brew to drink and it's like oh my god that's such an investment but really energy out of your part of you is like a day's labor right you know it's just it just takes time to get there and if you really were that invested you could do it every weekend and then you would just have this constant churn of beer right. I'm just too lazy to do it like that. Well just look at this i. I did a quick little math Things if you say that you had fifty batches okay and they did about fifty beers each rice for big round number over the past ten years and they're about twenty dollars a bottle just on average. No those li when hen dollars say a bottle because you got to cut that because the fifty years would be twelve ounces. But what i'm doing is a pint. Oh okay okay right well then anywhere from twenty five thousand to fifty thousand dollars over the ten years and beer price in beer and beer. If you were buying that from you know the valley boever whatever. So are you telling me how much i spent on ingredients. No no you spent you spent on less than five thousand. You know fifty fifty batches one hundred dollars batch know about. Let's say for the ingredients. Let's say as seventy dollars a batch so seventy dollars times fifty five hundred dollars there you go. Yeah so so there you go. That's what you spent. And then you said there's an initial investment for the bottles in the in the material elsa another five hundred bucks on top of that so four thousand eight thousand forty five hundred bucks forty five hundred bucks and your and your and your rewards for that is probably like a twenty five say five bucks a bottle thirty thirty thirty thousand dollar value over ten years to save five bucks a bottle so lake if you look at like five bucks five bucks a beer then. I'm probably A buck a beer investment buck and a half right a say you know five times five is two fifty to fifty is probably what i'm fifty times..
The Indicator from Planet Money
"thirty thirty thousand dollars" Discussed on The Indicator from Planet Money
"Gives mu is a flying squirrel. He lives in marshall town. Iowa and recently gizmo have to pay a visit to his vets grant jacobsen is gizmos fat. What what's wrong with gizmo. He was less thrilled. He was here for a neuter surgery so nothing wrong with the he might have had a grudge heading on what was going on. What with that in the background. Oh dog i'm sure howling fad. Yeah just six minute. Drive away from grant us another vet. So gizmo has is but there is a backstory here because grant worked for that other vet for nineteen years. He says he was planning to buy the practice. It was kind of understood in fact that that would happen but then he started hearing these things from the owner that made him. Hey there's going to be these people. They're from one of the corporations. They're they're doing practice evaluation. You know. i'm not really planning to sell to them. But i want to find out what the place is worse. The suits showed up. You can see where this is going. Grant got beat out. He says those corporate visitors offered a million dollars more for the practice than he could afford and he was not feeling happy about this. Well i mean disappointing. Would be an understatement. That's for sure. The corporation that beat grants bid is mars. The giant international chocolate company that makes eminem's twix bars and has locations around the world and this trend is corporate and even private equity money from everywhere from goldman sachs to mars to j. ab holdings which is the parent company of crispy. Cream has warning into the industry. I'm sally herships. And i'm stacey vanik smith. This is the indicator from planet money today on the show when and why giant corporations started investing in health care for our gerbils and our dogs and our cats and how all that corporate cash can impact independent. Pets like grant. This message comes from. Npr sponsor plaid. There is a finance app for everything these days. But how do you know which ones to trust. That's where plaid comes in the most popular finance apps and services use plaid to help you securely connect your financial accounts the best part. There's no extra work for you. Plaid is already used by over four thousand finance apps the next time you're signing up for a finance app look for plaid the safer way to share your financial information. Not everybody is an animal lover. What i know. I know but for sixty three point. Four million americans who owned dogs the forty two point seven million americans who owned cats and of course. We can't overlook the owners of fish. Birds reptiles horses flying squirrels for all of those pet owners. Their love translates directly into dollar signs. You know. I have clients referring to their dogs as their children's siblings and their parents as their dogs or cats grandparents. Dr miguel your is a vet. And she sees this kind of spending tampa all the time in the us spending in the veterinary care market totalled thirty one billion dollars. Today we spend more than double what we did a decade ago on our pets and gush buying toys. Oh thousands of dollars on clothes people will redo their houses. Yeah they'll they'll build carries outside. I'm going to do this so i don't even know what a cattery is stacey. You told me you were a cat lover. I doubt right now. People who will remortgage houses for some of these vet bills are twenty thirty thousand dollars. If you're going to get a hip replace- if you've had major operations you've you've had climbed to remortgage their houses. Yes how are you going to thirty thirty thousand dollars. Where are you going to get that money. But it did not used to be this way. And i know this may shock some pet owners out there but when madonna was a kid a lot of animals were kept outside the house. Maybe you took them to the vet a few times a year. So when did we start spending thirty grand and surgery for our pets. Mike dix was chief economist for the american medical veterinary association. And now he's a consultant for bets. I teach marion's to ask clients one set of questions because it's very important. Where does your pet sleep for. Options at sleeps outside sleeps in the garage sleeps in the house. It's sleeps in my bedroom. Mike where our pets sleep illustrate this one huge shift at occurred an invention with completely changed the way we interacted with and spend on our pets. That human animal bond thing really really took off in the late eighties as parasites came on and we were able to keep those dogs in the house. Parasitism asari things kill fleas techs. I mean you know love has its limits like you do. I love you enough to get fleas. That's a whole other level of love and the more people are inside. What those cuts the more. They notice things. They noticed dog itching. Or it's robin its size or its strategist but on the floor. What and when they do. Mike says they call the vet. According to the american pet products association last year we spent over a record setting hundred billion dollars on our pets for food entries and vets so since the eighties and nineties this spending has been increasingly catching. The eye of corporations and veterinary practices can be seen as a reliable investment. It's got low overhead. It's not like you have to build a factory or create a production line. I wrote to mars. I wanted to know why the company invested in vets. They declined an interview but mars also makes pet food like pedigree and whiskers so it just makes sense to also invest in vets. Mike says there are about six thousand small to medium size vet practices and hospitals in the us. The kind that have at least two or three full-time bets on staff but out of those five thousand of them are now owned by big corporations. You might not know it because a lot of them like to keep that small business look and feel but many are consolidating or even buying and flipping them and that is having an impact on independent vets like grant in iowa vets are often in debt. They had to go to school which is expensive average. Tuition is more than two hundred thousand dollars. Some vets will never be able to pay off their loans. They pay the interest..
Side Hustle School
How do Income-Share Agreements Work?
"So income share agreements. Let's break down. One of the first and most well known. Examples is lambeth school. Which is a programming school. I coating school. And you don't pay tuition until you're earning fifty thousand dollars a year the way it works. If you go to lambeth school dot com you can learn more you agree to pay seventeen percent of your post lamba school salary for twenty four months. But only after you're making fifty thousand dollars a year at least and they have a cap at thirty thousand dollars so basically you never pay more than thirty thousand dollars tuition and if you don't get hired and you never pay so isn't that pretty cool like they also have options to just pay tuition up front if you're able and that's what you prefer But to me the groundbreaking thing is this income share agreement because it's allowed a lot of people from poorer countries or from a disadvantaged background to really get a world class education and then a high paying job so there are a few other schools that are offering similar programs. I just did some brief research university of utah's doing it. Purdue university But in the world of entrepreneurship to focus our discussion here most iras are from startup. incubators one of the big ones that you may have heard of. It's called y combinator and their jail is first of all very selective so you can't just apply and get in like a lot of people who apply. Don't get in but if you are accepted there deal is they will invest one hundred and twenty five thousand dollars in return for seven percent of your company. Okay and that would be great if you qualify. First of all i said and also if you need more than one hundred thousand dollars in start-up capital so there is a world in which that is the case for lots of different businesses but here on site us'll school ninety nine percents of stories that feature. You don't need anywhere near that much money. Our whole point is to do this frugal to do this on a budget. To use the resources you have instead of just trying to find somebody to invest money so the reason i essays exist which as i said overall i think they're awesome but the reason they exist is because of expensive tuition or start up costs for some businesses. You were attending college. That was affordable for your budget. Then you wouldn't need the and so two. Is it for the side. Hustle model like total startup costs five hundred dollars. Let's say which we've had hundreds of stories that fit in that category then. An essay wouldn't really be worth for either party like you don't need somebody to own. X. percentage of your company in exchange for that five hundred dollars. You should just find a way to get the five hundred dollars or less on your own so that you don't have to give up any equity in your company.
CNBC's Fast Money
Bitcoin Plunges 30% to $30,000 at One Point in Wild Session
"We start out. Today's crypto carnage. It was a gut check. Moments in the crypto currency market names. Bitcoin ether light coin. Even doj coin getting slammed. Today's thinking double digits shedding millions of dollars off the market caps and the selling was fast and furious. Bitcoin quickly plunging below thirty thousand dollars before bouncing. Well off that low. It is now down forty percent from its april. All time high so is today's crypto collapse. Just froth coming out of this trade much more pain. Had james mcdonald kickoff. We saw breakdown a bitcoin below the fifty thousand dollar level without a rebound studying the security or if we can call it a security this enthusiastic asset class. We've seen a dip in rip pattern every time. Bitcoins come down that they've come back and bought it We didn't see that at the may sixteenth breakdown below fifty thousand. That was a sign of things to come and then again on the sixteenth excuse me the twelfth and the sixteenth we saw a lack of buying support come in and that was kind of a clue that the sentiment had shifted and everybody knows what an asset swells to the level of did. It's gotta stop at some point. Think those were the clues looking for the next level. We think the twenty seven thousand level the next level carter braxton worth the current quarter start macro is on earlier this week saying you know. Drawdown of fifty five percent is garden variety when it comes to bitcoin nadine and i'm curious i mean a fifty five percent down his garden variety. We're pretty much still within that garden. Variety spectrum doesn't feel too good though now in fact we probably only have one or two clients who don't care about that kind of draw down and chew believers for the long haul in crypto versus almost all of our other clients who preferred us to trade it. And so just as we're talking about just now. We saw some breakdowns not just in bitcoin and below fifty thousand but also in the related stocks whether is gray scale or ms. You saw that breakdown. It was actually broke our short term trading range line. And that's when we knew we actually had to trim so it wasn't a surprise to us. Also this is happening.
Dell Technologies Podference
"thirty thirty thousand dollars" Discussed on Dell Technologies Podference
"A daily communication with our customers. To let them know about what's happening in the world of money and and and how that could be affecting their money so we basically said we're gonna hold your hand through this process and make sure you know what's going on and do a transparently and i think that helps a lot. We actually our retention grew by five points thousand and twenty. Which when you you know. I mean one of the questions. We always got is what happens to acorns with everyday people and their money investing in this kind of thing when the economy really takes nosedive people always ask that question one of the reasons. We always focused on education to make sure people were smart about the stuff as possible to understand. We have this mantra every downturn ends in an upturn which is true every down in history as ended in an upturn. By the way there's crazy stats about this. Like if you put ten thousand dollars in the market twenty years ago and you just let it sit. You'd have thirty thirty thousand dollars in just in. Ask me right if you were out of the market for thirty days thirty days during that time thirty specific days you would have about half the amount of money that you had so trading doesn't make me wealthy you know so much of this process and so much of what i think you're starting to solve what you've always been a part of and i think we we try to do from a content perspective with boredom. Bit is to kind of deliver certain things to people in in layman's terms and in a way that they can process it utilize it and not complicate it. You know so much of the kind of intricacies of the financial system can make somebody just completely look the other way decide to do the complete opposite and i will say that i experimented not only because we're investors and you're my friend but during the pandemic i just. I think i told you this. I wanted.
The $100 MBA Show
Does Online Event Sponsorship Work?
"In a lotta ways sponsoring an on line. Event can be a lot more profitable for your business then imprison event many in person events even once everything gets back to normal after covid are expensive live sponsored in person events for ten twenty thirty thousand dollars so in order for me get a return on investment. I can make more than that plus the expenses that i have to spend. They're getting their Any teammates that are going to go there to be at the booth The merchandiser the swaggering giveaway. It all adds up. And if you're a small business every dime kant's so when we moved to online events and we sponsor one of the whos you can get a whole lot more affordable i've sponsored online events for as little as five hundred dollars and sponsored. Some that are up to five thousand dollars at the end of the day. The biggest factor. That's going to dictate your negotiating. Power and price is how many people will attend. This event is sponsored events that had two hundred people and i've sponsored events had ten thousand people that are gonna show up online now if i have access to ten thousand people that's great but what kind of access so what i want to start with is say that everything's a negotiation. They might have some packages for you to look at but you can go. She ate anything especially when it comes to sponsorships. The event organizers are just looking for great sponsors that are good with their audience and are willing to give them money so you can actually create your own package if the packages that you see are not really what you want. I have gone back and forth and created my own customized packages. All the time because i really want access to the audience as much as
Optimal Finance Daily
Silly and Misleading Retirement Calculators
"I think the main reason people seem amazed at the idea of retiring at age. Thirty forty or even fifty is the lack of real information on early retirement. In general if you type retirement calculator into a search engine these days and enter some stats about yourself. You will find some very strange assumptions. That are guiding you to think you need an absolute load of money to retire for example. I was once working through such a guide in a magazine from northern. Trust a bank that caters to the wealthy. It went something like this. Consider your goals for retirement. What life events do you need to be prepared for. The following table lists average cost children's and grandchildren's university education. A hundred thousand dollars per child children's and grandchildren's weddings twenty five thousand dollars. Assisted care facilities a hundred thousand dollars per year. Medical costs funeral arrangements. Twenty five thousand dollars trust funds for loved ones esteem and legacy planning and charitable foundations. 'wow looks like you're well into the millions before you even get to buy yourself some groceries. Another retirement calculator on cnn. Dot com has various parts to fill out dropdown boxes pre filled with hand values like retiring at age sixty five and needing seventy percent of your maximum pre retirement income constantly for the rest of your life. The drop down box with seventy percent in it did not even offer a value lower than forty percent. This percentage of income concept is one of the most anti mustache ones out there if you make two hundred thousand dollars per year just before retiring this experience. Corrupt you so much that you need a hundred and forty thousand dollars per year for the rest of your life or is it possible to maintain the same luxury standards of a person who has a merely comfortable income like forty thousand dollars per year. This goes back to the ideas of the get what you need posting. I made recently and that is why not go for maximum happiness rather than maximum consumption. I propose that maximum happiness is achieved at a spending level where you live in a comfortable space. Eat healthy foods and get to do lots of active and stimulating things with friends. That doesn't have to cost a hundred and forty thousand dollars per year or even fifty thousand dollars per year for most of us the other assumption they push on people is a very low rate of savings they assume you will less than the annual limit on 401k contributions. And don't say much about what to do if you save more than that which the high income person mentioned a few paragraphs ago could certainly do so these banks and mutual fund companies will continue to tell you that you need millions of dollars to retire because it benefits them for you to invest your money with them. Luckily it's a harmless bit of tom foolery since the saving benefits you as well but the disservice they do is in scaring people out of dreaming to save faster or to think about much shorter time horizons like tenures instead of just plain old age. Sixty five so. I'll give you a quick retirement calculator of my own adult couple with no kids or whose children are. Grown can live very comfortably on forty thousand dollars per year and retirement. My own family lives very comfortably with one child on somewhere. In the twenty seven thousand dollar range you can shoot higher or lower depending on what level of luxury water pursue twenty. Two eighty thousand dollars is a good absolute maximum sane range. But if you don't want to calculate everything out just go for forty thousand dollars and figure out how to make your savings produce that for you for a single person. It might be difficult to slice in half because you lose some benefits from sharing a house in car but you can come close to quick early retirement budgets number one in early retiree couple lives on thirty thousand dollars per year. Earning five thousand of that combined in part time luxurious post retirement careers. The remaining twenty five thousand dollars per year is generated by their savings. Six hundred and twenty five thousand dollars of total savings are required to generate this amount of passive income using the four percent rule number two an early retirees single person leaves on twenty five thousand dollars. Earning ten thousand dollars on his or her many career. Fifteen thousand dollars per year is required from savings which calls for a nest egg of about three hundred and seventy five thousand dollars. I'm working on some much more detailed and exciting sample budgets using real numbers for my own spending experiences before and after retirement
BiggerPockets Money Podcast
From $33k in Debt to $100k+ in Net Worth Through House Hacking & Smart Saving with Budget Girl
"Sarah. Welcome back to the show. I'm so excited to see you again. Thank you so much. I'm so thrilled to be here. Tell us what you've been up to the last three years. I believe in three years since i last spoke with you like on online. I've spoken to offline. Yes so last time i was on the show i had just paid off thirty three thousand dollars student loan debt on an average thirty thousand dollar income. I started at twenty six. And since then i have Saved a bunch of money and now have an over one hundred thousand dollar net worth and i am the owner of a duplex ashley. Hundred thousand air over here and if you haven't mentioned this earlier but if you haven't already go back and listen to episode six because it's just incredible i mean it's it's not the most debt we've heard paid off in the show but it's the most debt we've paid off her had seen paid off in the shortest amount of time relative to the income level that you had it's truly remarkable impressive feat and no surprises that you're becoming wealthy a few years later with the after after achieving that thank you it is. It's a lot more fun to build up the wealthy to pay off the debt. I'll tell you that and a lot faster too. That's really fun. Just grow compound. Interest is working for you or against you. Can you tell us a little bit about Just to catch up on the money story before we get into the review. You come a little bit of catch-up on the duplex potentially or any other highlights of the journey of the last three years. Yes so The duplex purchase. I actually have only had for ten months. So i bought it right when the pandemic started my i was wrenching and i was saving up for a property. 'cause i knew i wanted to do multifamily and i found the perfect place after shopping for a year. Right is the world went to hell so it came to the at a very good time because my rental apartment was actually going to increase three hundred dollars a month and so i started really seriously thinking like if i find the deal that where the numbers work. Let's go ahead and do this. So it was a two hundred thirty thousand dollar property in college station texas and it has three bedroom two bath on each side little backyard little three parking spots freeze unit very cute little things in a little subdivision near the campus texas a and m university campus in the direction that the campus is growing. So i very much anticipate that that will increase in value. And it already has. It's actually already to fifty after ten months. 'cause i just replied oh right i would point out that somebody else on this call also purchased in the path of progress and that would be scott not me because we have different investment styles but that is a really great thing that i think some people don't realize or take into account if the path of progress is going north. You did to be looking north. Because those are where the properties are going to appreciate at a faster rate than the potential path of progress than outside the potential path progress that nothing's guaranteed scott. Had a really great way to choose his property to and it was smack in the path of progress yeah parallel also my properties with two hundred and forty thousand dollars a very similar type of deal for us and even our cabinets are the same assault on instagram. Yeah the same exact cabinets that by my head but let me ask you. This is your property located what he said a path of progress in the best area. You could be living in right now if you were to purchase anywhere in the In a thirty mile radius not even close. But it's also not in the worst it's kind of a medium area. There's some older homes nearby and there's also a they just built like a walmart and a shopping center there and but more importantly texas owns so much of the surrounding area and they keep building in that direction. And i mean the university plans are on the website for free. You can go look at them and that like they're planning on growing in that direction so i could be just like a spit from one of their like giant new enormous buildings and a couple of years. Awesome in my understanding. Is your house hacking this. Yes so i am renting outside a i. Actually originally i inherited a hud tenant who is paying ten fifty a month. Her lease ended at the end of february. I m doing some fix ups on the project this month in march and i have a new tenant moving in april at twelve fifty a month also and i understand that you're crowd sourcing feedback on your remodel on instagram. So you can follow her at go budget girl and she really wants more opinions on how what color. She should paint the kitchen cabinets. A second. is that right. Oh definitely and the other parts of the house hacking of course is i actually so i have renters on a i live in but my boyfriend also lives with me and i charged him five hundred dollars a month in rent because nobody sugar mama i was. I was gonna say how did that him. That's still a good deal right. That's less than the other half the other side so like it's a three bedroom unit so we have an office and we share a bedroom. He has a lease that i worked for him. And we've both side with you know contingencies for things. It might happen. He didn't have a deposit he doesn't have pet rent and he essentially gets way more space than he would anywhere else in town for that price and due to that he's helping me with the a unit right now. He was mopping yesterday. While i was at work all right perfect it works out. But i'm glad there's the conversation and what's your mortgage payment on this It was originally just under seventeen hundred dollars a month. So i was paying one hundred fifty dollars a month out of pocket and but just reside and i was able to go down almost a whole point so my new mortgage is going to be fifteen sixty four so just under sixteen hundred so i'm going to be making one hundred dollars a month. That's fantastic. And so why did you refi. Generally it was it was it because of the Interest mostly or was there like pm. Is that you're able to shed or what were some of the things around that. Unfortunately i wasn't able to shed. Pm i quite yet. But i saw that interest rates were dropping. I was pleased with my rate. Got a three point six five right around the time that everything was going down and then it bumped up a little bit and i did. Fha loan so. I only put three point five percent down. Even though the property appraised for tenure. And more than i paid and even though it's now worth tango and more than that i'm still not quite to the level where i can shave off the pm. I but that's one hundred fifty dollars a month. And i find that to be worth it.
The Indicator from Planet Money
One Year Later: Indicators On The Pandemic Economy
"One of the clearest lessons that we've learned about the pandemic economy is that there are huge gaps between the experiences of different groups of people and he is specific gap that we have been focusing on people who had low wage jobs before the pandemic have been much much more likely to lose their jobs. Then people with high wage jobs the data on this come from a new study by the new york fan and it is quite stark. Yeah by the end of last year there were actually more jobs for people who make high wages than there were before the pandemic this is people who make typically more than about eighty five thousand dollars a year so these include jobs like software developers engineers lawyers corporate executives and these jobs have completely returned not too many of them were ever even lost in the first place even in those terrible months right after the pandemic started now compare that to people who work jobs that typically pay less than thirty thousand dollars a year. Those jobs include things like food servers cashiers home health aides childcare workers and there were still fourteen percent fewer of those jobs at the end of last year that is a staggering gap. We haven't seen anything like this gap between highway jobs and low wage jobs in any of the recessions going back at least three decades and the gap exists now for a kind of obvious reason the unique nature of the pandemic recession. Yes a lot of these. low wage. Jobs are in restaurants bars hotels jobs acquiring a lot of direct human interaction and so a lot of these places had to close or their customers just stopped spending money on them and there is a reason that we're focusing so much on this disparity between low wage and high wage workers it feeds into the other disparities in the economy. A lot of those lower wage jobs are disproportionately done by young workers by workers without college degrees and by black and hispanic workers. And that's a big part of the reason. Why each of these groups also suffered a disproportionate share of the jobs. Lost our second group of indicators is about the economic policy lessons we've learned in the pandemic and here's the i almost impossible to believe indicator as terrible as the economy has been for the past year. There is almost no difference between the sheriff people who are in poverty now versus before the pandemic not only that but this year. The number of people in poverty is expected to fall by more than a third. So that by the end of twenty twenty one there will be more than thirteen million fewer people in poverty than there are right now. The main reason why the. Us government has now passed. Three huge aid and stimulus bill since the start of the pandemic to support the economy and the third bill. Which is president. Joe biden's american rescue plan was just passed by congress yesterday so of course the effects have not yet kicked in but we do know what was in that bill and most importantly we know what it has in common with the to bill signed by president. Donald trump last year which passed with bipartisan support in congress specifically when you look at the money that's being spent by the bills combined by far the biggest chunk of it is the cash that's being sent directly to individuals and families mainly in the form of stimulus checks and unemployment benefits for people who have lost their jobs and the combined scale of the bills is enormous about five trillion dollars in aid for the economy. That is at least three times as much the stimulus money. The government spent to fight the great recession of two thousand eight two thousand nine and just an offer a sense of how much extra money is reaching families because of these bills. Here's what a washington post analysis found. Take a family of four people two parents and two young kids and they live say in massachusetts now soon that one of the two parents lost their job at the beginning of the pandemic and still has not found work. That family in total will end up receiving more than fifty thousand dollars in support from the government that it would not have received without these three bills and the government is paying for all three of these bills by simply borrowing more money and for the most part politicians from both parties. Haven't really made a deal about this. And these are some big changes from how the government has responded to previous recessions like take the great recession of two thousand and eight. When there were extremely loud worries from politicians on both sides about the government barring lots of money to fight the downturn and also a much smaller share of the money back then was used for directly sending cash to people more of the money then we spent on other things like aid to state and local governments infrastructure projects and other investments. Yeah back then. The government was also still more reliant on the federal reserve to respond to recessions but the fed can't directly. Send money to people that they do not have to pay back. It can boost the economy by lending money to financial institutions and certain businesses it can also lower interest rates to convince people and businesses to borrow more money and by the way the fed was still a big part of responding to the covid recession but the us government by using its unique power to send cash directly to people cash. That they don't have to pay back was willing to accept a much bigger role this time. Does this mean that as the economy reopened this year it will bounce back way faster than it did after the two thousand eight recession when the recovery was sluggish until years. We'll find out. Most economists expect it will. They are forecasting that this year the us economy will grow at its fastest pace since nineteen eighty three. And if they're right than the. Us government operating under two different presidents from opposing parties. May well have established a new way to respond to the terrible recessions of the future.
How I Built This
How I Built Resilience: Shan-Lyn Ma of Zola
"Everyone and welcome to how. I built this resilience edition from npr. I'm guy is each week. On thursdays we invite entrepreneurs and other business leaders to come onto the show. Live to talk about how they've been building resilience into their businesses this year. And today my conversationalist jianlin mop. Ceo and co founder of zola. Zola is a one stop shop for couples. Planning a wedding from creating a wedding website. Finding local vendors making registry even creating a photo album of the big day with the wedding industry completely hammered by the pandemic last year solely focused on releasing new products and features for couples like a homegoods marketplace and even hosting virtual weddings on its platform. We aimed couples from that first aid. Get engaged through their entire wedding planning journey into their festivals of newlywed life with the tools and technology that we build to help them plan dream and bring to life bear fantasy wedding so basically you go on the website and you can do everything like from finding the person to do your flowers to a you to the caterer to the registry to the invitations. Everything yes wedding website. you'll save the dates and then you'll album of you're beautiful photos with photographer that you found on seoul ios chicken out the website earlier today. It's super cool. How did it. How did it start had it. I know it's you start in twenty thirteen And i think at the time you were working at guilt which is a the gilt groupe g. I l t nut gui. Tell me how how this idea came about well. I always dreamed about starting my own company. One day but i had never felt ready until really working for many years in product management which is really working alongside designers and engineers to build digital websites and mobile apps and so had gone that experience and in twenty thirteen That just happened to be all. My friends got married at exactly the same time. Everyone has that year where you're going to a wedding. Every weekend spending a lot of money. I was buying gifts from my friends. Women registries and found that the experience that i was going through their registered was just one of the worst shopping experiences i had ever seen. I was talking to nobu. Who is my co-founder zola. About how painful was and he's married and he was complaining about it from the couple's perspective. It's just terrible and we looked at each other and we said you know we've been working together to build great products when it we attacked this assets. We think we can do a much better job. And and that was how zola was born. I'm wondering you know. I mean this is twenty thirteen so this is still you know. The the ancient early days of of of web two point zero which is unbelievable Did you have initially when you went to people. I know a little bit your backstory. You grew up in australia. And then you came to the us business school and you had a bunch of Jobs in sort of adjacent kind of industries right. You worked at guilt and another an and also worked at another who. You're actually growing up in australia. It's a very remote country in that is literally on the the side of the world. And i had always can read about what what is happening in the world. And what is happening in the tech revolution that we all living through right now and i felt very removed from the action. So i moved to the us to really be a part of this Tech revolution underway and my dream was always to be like an entrepreneur. Like jerry yang. Who found yata. I had a picture of him on my wall. And because i'd never known really anyone else who worked in tech apart from the people that i read about in magazines you may dream actually came true in that i moved to the us. After business school. I was able to get a job at yahoo. Which jerry founded. And i think one of the best days there was when i walked past him in the hallway. Wow that as a result of working that. I got to learn from great product leaders. Who with some of the best in silicon valley. Who really told me. How do you think about creating a product that customers love and that they want to share with all their friends when you came up with the idea for for what is now zola and you started to talk to people about it. I have to imagine that some people said oh this industry saturated they're already. There's you know the not. There's a bunch of other sites that you know. There's a bunch of other people doing this. You don't want get into that business. That is exactly. I think there was a lot of from many places and for many investors. Who said like what you said. It's not possible to build a big business in weddings. Because there hasn't been one yet all. Do people really spend that much on weddings. All it's it's highly fragmented as an industry so then must be a reason for that and that sounded crazy to me. Because i knew how much my friends were spending tons of time and money i think weddings is one of the only times in your life where you spend on average in this country thirty thousand dollars on one day because we want to create a special memory inexperienced for yourself and your friends and so i knew it was a lot of business opportunity. It was an undeserved need. That was a passionate customer base and just because investors didn't feel personally connected to the pain point did it mean it to thin exist
Monocle 24: The Briefing
The Supreme Court says Donald Trump Must Provide His Tax Returns
"We're going to start today's program heading to the united states now where the supreme court has ordered donald trump to hand over his tax returns and other financial records. Trump's been resisting attempts to do so for several years. Of course well. Let's get the latest now on this. With suzanne lynch washington correspondent at the irish times Good morning to you. Suzanne good from here in london up. Bring us up to speed with the latest. What do we know. The supreme court issued a very short very significant ruling yesterday and which basically ended donald trump's attempts to shield his financial records and he is being in a battle to stop prosecutor in manhattan from getting access to his tax returns and other financial records is the second time surpreme course weighed in on this. The first time is over the issue of whether sitting president at could be shielded because road as president. But this time. Ed supreme court put it outside this decisive ad. Fees for mr trump effect. Now looks at like very much. So at these records now would have turned over to investigators new york and Mr trump's accountants perhaps bankers to will have to hand over documents related to his financial affairs and give us a sense. We obviously we had a little clip from trump at the top of the show. Easy talks about you. Know the the greatest witch hunt in history continuing Can can he fend this off in the same way. Actually he dealt with some of the bulbs that were involved in the impeachment hearings or does the fact that i guess we're looking at a judicial action potential criminal irregularities. Does that change the way that he needs to sort of Defend the charges almost. Yes i know. Yeah designed so far is up. No because yesterday he had a very very strong statement ad calling this a political persecution and calling it a fishing expedition and directly criticizing at the supreme court and and people remember. He himself pointed three of the members of the supreme court book directly criticizing the court and of course the federal prosecutors in new york Have don has kind of fallen out with new york. He moved out of the city and the dolphin clashed with officials in that city. He's obviously quite unpopular in his home town of york city on. It's the attorney general there. Sarah advanced who's reedy at take upon himself to pursue at trump for these for these charges. Say i mean we could be looking at a criminal. Trial of a former. Us president if this is to continue and is a both would way of looking at this as parts of the reason. Perhaps trump is saying. It's part of this long term witch hunt in that in congress people remember before his first impeachment and ahead of us because a lot of oversight into donald trump's at russia connections and then there was an inquiry into hush money he paid add to the adult film star stormy down one hundred thirty thousand dollars and this began this pursuit then by the new york attorney general he then decided to this payment and say what was that saying about campaign finance laws about highly payment of one hundred thirty two thousand dollars that was actually made by mike cohen. His lawyer but then he said trump in bach and this if you like your unraveled with thread of inquiry into donald trump's taxes now this is where we are am so what are the significance is about. Oh that was. Yesterday's rooting is not not only. Will they get access to his tax records but also the business and financial very detailed information that accountants bankers will have on which your tax records are based If you like. So that's going to be probably even more info important than actually getting access to his tax records. Which as you know the new york times already seem to seem quite a bit about whether we don't know how much actual detailed information they have aspect to this that i find absolutely fascinating is of course the the conflicting interests of politicians be they Members of the of the gop from the democratic movement in terms of their interests or not in trump continuing to be to be in the spotlight because there were suggestions even obviously during the impeachment proceedings clearly suited some of in the republican movement for that to just be dealt with swiftly as possible. There were also suggestions though that even for the democrats. It was kind of better that that was just dealt with. It was finished even if he wasn't convicted. Does that does that delicate balance shift. Now i is there a sense of one either side of the political spectrum if you like that actually we just don't want trump in the in the spotlight anymore. I'm actually if he can play this narrative the witch hunt that he's he's got a soapbox day people coming to him to hear from him. Is it more damaging could it be more damaging to proceed ings. Go ahead it's very possible. I mean it is very possible because as you say. Donald trump has been an easy foil for democrats over the last four years a now if he feels i think a lot of his supporters argue to sympathize with him and say that this investigation is politically motivated. Donald trump brand and it's always been problematic has been around his his business and is you his his. He sees the success of a business person and other people in these tax records seems to show that he welcomed successful as he implied. But i think would be certain that might precipitate for him from a lot of his supporters because he has said before. You know i've always just legally paid whatever talks you know. He was implying that. If i was able to game the system but you know panic attacks possible within the law with every right to do that and a lot of people would agree with on bash. So the problem is we don't actually know what is in the detail something more nefarious as there and the irs. At the criminal justice system does not look likely on talks offenses and that if he is facing criminal prosecution for this he could be in serious trouble but this was always an issue for him. I mean he didn't. He didn't disclose his tax returns around for present at most people in this country high of the fact that they do need to do that. And they're highly aware of a of their financial at connections. Even though there's a sold so much money in politics in this country in and brian politicians they do you know the important of disclosure so a lot of people may think this is catching up with him. He's a long histories of businessmen york. He's very unpopular among business. People in your because he bragged before by not paying etc and a lot of people find. This is his chickens come home to roost and yes. He had those four years in the white house. But for most it's life you the businessmen. There have every right to investigation for that date. Well i'm sure we'll show speak on this but more future. Suzanne very good to get the latest from