During the holiday season is by far the time when pre-paid cards and gift cards are given out the most all year long. Pre-paid Cards and Gift Cards are an easy one shot, quick trick, when it’s hard to think of something as a gift. It’s easy to stop in a local Wal-Mart, Walgreen’s and now even the local Dollar Tree and grab one of these pre-paid cards or gift cards on the go.
Convenience comes at a cost, and sometimes it’s a very high cost. There are too many alternatives to list when it comes to pre-paid cards and gift cards. What’s really crazy is that among the alternatives …buying stock in the very company that sells the pre-paid cards and gifts cards may be the best alternative of all. A quick look at the stock price of company that sells and markets the Green Dot (NYSE:DOT) card at the local Dollar Tree (NASDAQ:DLTR) reveals the stock is up around 45% year to date for 2016! With that sort of return on investment, it would be better to give the company stock as a gift instead of the actual pre-paid card. Dang!
Interview with CEO of PunchTV Studios, Joseph Collins
This episode is a followup to episode 54 “Is It A Scam”, during which, the PunchTV Studios IPO was one of the companies profiled for review. PunchTV studios is within the IPO phase of going public and currently offering company shares for $1. each. This offering has been specifically targeted to the urban market and non-accredited investors. Typically, IPO stocks aren’t available to the average non-accredited investor, however with recent changes in legislation and the SEC Rule Regulation A along with The JOBS Act, companies like PunchTV and others have been able to offer shares directly to the public. In addition to direct to public IPO shares, companies are also able to seek funding through “crowdfunding” practices. With lesser regulations and lesser oversight there’s been both a lot of buzz about companies like PunchTV and a lot of questions about its worthiness as an investment for newbie investors. In this interview, PunchTV CEO, Joseph Collins speaks directly to many of the ongoing questions.
This is the holiday season and you probably deserve to give yourself the gift of of financial fitness. At the end of the year during holiday season there’s still time to wrap up 2016 and put a big bow on it. The Personal Finance Holiday List focuses on maximizing deferred savings, reducing taxes, giving gifts that keep on giving and optimizing your credit profile so you’re not paying the interest that allows other customers to get teaser rates. Keeping yourself financially fit ultimately allows you to go out and buy gifts for whoever you may desire, you included. Just remember, charity starts and home, then travels abroad.
In this episode, a review of Porter’s 5 Forces and how they shape small business. Which forces may be working in your favor and which forces are working against you and your small business like the force of a hurricane. In this overview a look at each of the five forces and how they may apply in most any small business. At any given time or another one of these may be driving business to or away from you, in either case, it’s good stuff to know and good business sense to employ. It’s hard work
Be careful, a lot investment schemes and even some scams are looking to get over over like a fat rat. Investment schemes and scams are nothing new, as matter of fact, these things are always refreshed and updated for modern times. Whether it’s Ivan Boesky, Madoff, some new unknown investment company promising real estate profits or a foray into Forex. Ask questions, ask questions, ask questions …and look for the tell tale signs.
Going from Hustle to Small Biz: The Commercial Lease
In this episode the focus turns to small business basics and getting the commercial lease. Once you’ve decided to move the hustle up a notch you’re going to need a place to do business from. Whether your sell shoes, hair products or just give advice on doing both at thee same time, you’re probably going to need a place to call home where you make it happen in business. It’s only so long you can rock that basement, living room or front seat of your car. In looking for a place to establish your business, if it’s your first time out of the gate you may find the commercial lease language covers some things your not used to like “CAM” and the “NET”. This episode: The Commercial Lease highlights some of the important things to keep in mind when you encounter landlords and less than usual terms.
Ep52 Eric B is President, and it obviously doesn’t matter.
In 1986 the song titled “Eric B. is President” was a #1 hit song in the Hip Hop community. At the time it was a strange title, but the title sank in and it didn’t even matter. The Hip Hop community went on to take over the music world and Rakim became one of the most well known and prolific rappers in Hip Hop history -still to this day. He debuted by nominating his DJ for president, that’s 1986, talk about making America great again.
The 2016 election is over and a new president will be sitting in the White House soon. There’s a lot of anxiety surrounding what is to become of the new presidency? So the question remains, how will affect your daily finances, your money, your ability to save and invest because that’s all that really matters. In episode 52, what may or may not be of concern with a new presidency.
In this episode a quick breakdown of Money vs. Finance as it relates to sex appeal. Which has more allure? Which is more exciting? How do we approach the idea of money in comparison to the way we approach the idea of finance? If you thought there were no differences, or if you’ve given it no though at all. this episode digs into the differences and tries to figure which of the two has more sex appeal.
Annual “Open Enrollment” selections, elections and options are typically around October and November of every year. Most employees carryover the same options year after year, sometimes this is a big mistake, they’re leaving money on the table and that is not how the game is played. Much like you would review every line of tax deductions for expenses and credits at tax time, the same should be done to ensure annual elections are “optimized”. Everyone wants to get the most for their money, with that in mind making a decision for the entire year can be tricky. It’s necessary to consider everything from frequency doctor visits, dental visits, eye care, prescriptions, relocating or even if you don’t go to the doctor much more than preventative care and checkups here and there.
Consider everything from possible savings by reducing coverage, adding life insurance amounts, and of course the possible tax advantages of an FSA or HSA to help offset those wonderful co-pays and deductibles. I always wondered who came up with the “co-pay”, like really, a $10. co-pay?!?! Why? It’s always been a pain to make sure you have $10. or $15. in my pocket just for the co-pay!