09/02/2014 | “5 Things Worth Waiting In Line For”

How to Get Rich w/ oXYGen Financial Topic: FIVE THINGS WORTH WAITING IN LINE FOR Taped 09/02/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Regular Guys and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Do Ivy Leaguers Get Better Rates For Loans

As most of know, student debt is becoming the new silent killer for generation Y.   People in their 20’s and 30’s may need to find different alternatives on how to pay off their student debt or even how to refinance the debt.   Programs seem to be popping up all over the internet and I recently had the chance to interview Mike Cagney, CEO and Chairman of SoFi which is a company who can help with figuring out your student debt and more. If you need to refinance your student loans, SoFI (www.sofi.com) has some really cool programs: Fixed rates can start as low as 3.63% and variable rates even lower.  SoFi has its own specific underwriting process that allows them to be more selective with the types of students it loans to currently.   Think about it.  Better school, consistent job, etc. might mean you have a much better ability to pay back the lender. Unemployment protection is an excellent feature offered by SoFi.   Sometimes you may have a break in... ...

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How About A $500,000 Tax Break For You?

Publication 523 may end up being your favorite IRS publication.  That is if you can really have an IRS publication that you really like.   When you sell your main home or primary residence, up to $250,000 may be excluded from your income.  The amount jumps up to$500,000 for married couples that sell their primary residence.  When individuals or couples start considering retirement decisions, they often don’t think about the equity in their house nor the tax treatment that may occur when they downsize their primary residence.  (source: IRS.gov) In order to meet the primary residence exclusion requirement you must meet the following requirements: You owned the residence for any two of the last five years. 24 months of 760 days. You occupied your residence for any two of the last five years. You haven’t used the exclusion within the last two years. If you are married you need to meet the following requirements: You are married and file a joint return for the year. Either you or your spouse has... ...

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What’s the financial impact of a mosquito bite?

At Mr. Mister Mosquito Control, we believe mosquitoes are the worst creature on the planet. We have data to back it up—mosquitoes are the deadliest animal on Earth, killing over 800,000 people last year and, what’s more, Atlanta, GA was given the title of “American City With The Worst Mosquito Problem.” So what does that mean to my wallet you may ask?  In the mosquito world, we follow the ROE scale (Return on Enjoyment). All your hard work and all your investments are seen through the lens of increasing ROI. A higher ROI should directly correlate to a higher ROE.  ROE investments like swimming pools, Big Green Eggs, playsets and lake houses should result in a positive ROE.  Simple pleasures like having a catch with your child in the backyard, family dinner on the patio, having a sunset cocktail or lounging for a romantic evening by the fire pit are all outcomes of ROE. Mosquitoes are the greatest threat to your ROE.  The first mosquito bite can be a nuisance,... ...

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How Many Mailers for Mountain Property do You Get

You know what I’m talking about.  Those flyers you get in the mail for that fabulous property in the North Georgia mountains for some rock bottom price.  They usually have some picturesque view of a stream and a beautiful cabin in the corner.  How tempting is that?   4.3 acres with mountain views and river access for only $7,500.  And let’s not forget in big letters across the top “Land Liquidation” or “One Day Only” to get you to act quickly. So is this a good deal, or just clever marketing. Just like the hay day of the Timeshare sales strategy, if you go to check out one of these deals, you are going to get the hard seminar sales pitch.  You remember; you just had to sit thru a 90 minute presentation that ended up with you being cornered until you relented or forced your way out.  And the ‘From Only $7,500’ is not what you saw in the picture; rather they are usually crap spaces, with the good lots... ...

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Can You Ditch The Debt Collector?

An estimated 1 in 3 adults with a credit history — or 77 million people — are so far behind on some of their debt payments that their account has been put “in collections. “That’s a key finding from a new Urban Institute study. It examined non-mortgage debt, including credit card bills, car loans, medical bills, child support payments and even parking tickets. The debt in collections ranged from as little as $25 to a whopping $125,000. But the average amount owed was $5,200. (source money.cnn.com).   So, what happens when the debt collector comes calling for you? Don’t Ignore Them-  Look, it can be incredibly disheartening to have to deal with a debt collector, but at some point you will need to face the music.  These aren’t the days of BMG/Columbia 6 CD’s for a penny and then change your P.O. Box. (Although admittedly I got a ton of CD’s this way).  Changing your name, address, or phone number might help you slip stream a bill or two, but ultimately it will... ...

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