Socially Responsible Investing. Do You Invest Responsibly?
Are your 401k and other mutual fund based investments such as IRA’s and 529 plans reflecting your values as an investor? Can you maintain your moral values and make money with investments at the same time? As it turns out the answer is yes, you can invest in your values and still be a value investor. Recently, some well known dividend paying stocks took a nosedive of over 40%, as it turned out, not many people agreed with their line of business anyway. Little do many investors know, they are invested in many things or companies that they wouldn’t want to be bothered with. In this episode, a look at two controversial companies that both have a lot of investors money riding on them.
Every industry has its language and investing is no stranger to having its own too. Problem with investing language is nobody knows what the hell they are talking about. What the hell is the Dow and if the market has a fallout, does that mean I should sell my company stock options? That is the problem, the problem that keeps people out. Keeps people on edge, selling their entire 401k, cashing out and running for the hills based on some news show using terms they never heard before. They talk as if it’s another language and most people are just wondering do they need a flux capacitor to mitigate the attenuation and trajectory of their… ok, so you get it. The Investing Lingo is a problem all by itself.
In this episode an interview with The Uber Lady Charlotte, she offers some insight into being an Uber driver and from the perspective of being a woman. She’s on her hustle and grind, and has a big heart. What it’s like to be an Uber driver, how she makes the most of her time and money by targeting everyone from “walk of shame” passengers to church goers. Although she has a big heart, she puts up with no bullsh*t, and yes, she’ll still rate you 5 stars. Uber Lady Charlotte also maintains a YouTube channel where she uploads everything from advice for Uber newbies to stories about her colorful days. Her YouTube channel is interesting and funny with a bit of seriousness, luckily for passengers, she doesn’t take herself too seriously and enjoys what she does.
What’s The Truth About an Emergency Fund, Other Than The Fact That You Need One?
Typical standard advice is to have an emergency fund of 3 – 6 months worth of expenses in the case of an emergency, which depending, seems to be at least a monthly occurrence for many. This episode talks to the advice of nearly a year worth of household expenses sitting in an account just waiting for an emergency to happen. That would be great! Now, here’s a piece of everyday reality pie… if most people aren’t saving enough for retirement, people have a hard time following advice on how to just LIVE into retirement healthy, people don’t get their car oil changed until it’s literally turned into ink and finally, a high number of people are living paycheck to paycheck. All that being said, guess what? A lot of folks don’t have 3 – 6 months of emergency savings.
All hope isn’t lost though, folks are devising ways to make it in case of emergency. And as much as the finance gurus warn against it, a good number of those people rely on their retirement fund or anything else they can reach for. Friends and family support systems and even the family car may have to go if things get tight before you get your money right.
Solar Panels are Readily Available and for FREE! (a little bit free)
Typically, when you see the word FREE, you should run the other way. But there are several companies offering to install solar panels for FREE and reduce your electric bill in the meantime. This might deserve a little checking out considering the cost of electric production and usage. Between figuring out what a Kilowatt Hour actually means, then how much it costs, electricity delivery charges and all the rest it just may make sense to at least find out what’s up with these FREE solar panels. This might be a way out if you have electric everything, like heat, hot water, oven, etc. And of course, there’s fine print.
It seems everyplace you look these days there are coaches for whatever goals you aspire to reach. Business Coach, Finance Coach, Relationship Coach, and, and… How do you size up the right coach for you and your aspirations? Take the Business Coach for example, there are many things to think about before getting yourself involved with a self described business coach. Not to mention, the questions needing answers to properly vet just the right business coach. Before moving forward the very first thing will be to understand what your needs are. What areas actually need coaching? After figuring out what you may need, gaps to fill and shortcoming to get over, then there’s the coach. Not to worry, there are videos and coaches that are glad to coach you on finding or becoming a coach.
What does “Chicken and Waffles” have to do with sales tax? Everything. Regardless of the type of business you have or how good your product may be, in this case chicken and waffles, you had better pay your sales and use taxes. While small business income tax might require an accountant or tax professional, sales and use is pretty straightforward. Whatever the state sales tax is that your charging, tally it up monthly or quarterly and send it to the state to keep the wolves at bay (trust me, they are wolves). This is not a bill that you let get out of control. Although you may be short on funds, or maybe even spent it, which of course you shouldn’t, but if you did spend it there’s still some action to take on your part. Even if your business has really, really good chicken and waffles.
There are a lot of questions, concerns and just plain old curiosity surrounding the Brexit situation. Following our own financial meltdown in the United States and all of the crazy things that followed ranging from job losses, to people literally walking away from their homes and mortgages to portfolios getting completely crushed. People lost money like it was going out of style. So what’s up with Brexit, is it something like that? Will there be those sorts of residual problems? News reports are talking about 401k’s and IRA’s potentially taking a hit. What should someone do if anything right now? Financial Advisor, Camari Elllis breaks down the Brexit, the EU, Euros and what you should consider before making any presumptuous money moves.
OR… Maybe there is a OPPORTUNITY presenting itself loud and clear, just yelling “Over here, now is the time!” Remember Baron Rothschild, “buy when there is blood in the streets”.
In this week’s episode of MWPF, it’s the basics of identifying the assets vs liabilities and investments. Is that house, car and jewelry an investment or an asset? There’s usually a lot of discussion here and a large part is due to the sometimes changing status of things we buy or consider ourselves investing in, for example something that may start as a liability because of costs attached to maintain it, may turn out to become an asset at some time or another. Most controversial of all, are the intangibles such as relationships, knowledge, skill, education and even social status in regards to whether they are assets or even investments. Do you invest in your social status or intimate relationships? Are your relationships liabilities that cost you to maintain them and keep up appearances. On the landscape of Assets vs. Liabilities there’s much more than just your house.
Even as we mourn the recent massacre of innocent people living life as they see fit and socializing in an environment where they felt safe and comfortable among like minded peers. Truth is, many of us would like to live so honest and free, happy and content with ourselves. Still some crazed person will bring the sad reality of wanting to inflict his will on them and eventually take their lives to make his point.
There will be more mourning than can probably be imagined as there were so many families touched that transcend race, creed, nationality, economic class and sexual orientation. Regardless, we live in a society that is dominated by capitalism and as such, the stocks of gun makers were up immediately following this terrible massacre. Whether it’s matter of security concerns or self defense, capitalism is marching forward, manufacturers and retailers alike are making profits as a direct result.
May God Bless those affected by the tragedy, the families friends and loved ones of the victims. May God Be With You.