Don’t Be Fooled By Hillary’s Small Business Plan

I usually don’t read the USA today, but I happened to have a chance to read an article recently (http://usat.ly/2bVCjaz) about Hillary Clinton’s plan to be the President for small business owners.   I was intrigued by the article to see what real change might be coming and as an entrepreneur of many businesses I quickly realized that the proposal was something that only the Stay Puff Marshmallow business person would actually gain any benefit from currently.    Here are the points from the article and then I’ll share on each point my insights on what meaningful proposals could really truly help small business owners do better.  BTW, I haven’t really seen any proposal from Trump yet at all but I do know what I hear from local owners every week Hillary Proposed Problem: Citing licensing and other burdens, Clinton’s campaign says it takes longer to start a business in the U.S. than in countries such as Canada or Denmark.  I laughed ...

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Five Apps You Need To Know To Impress Your Friends

With the thousands of apps you can download from your Apple or Android phones, every year you will learn of an app or two that you never knew of before.  You may wonder why in the world you really need to know about new apps when you don’t even use the ones you have on your phone now.  Not only are these apps super cool and have real pragmatic uses, but this is a way for you to impress friends or business acquaintances with something they had no idea existed. Best App To Share In A Sports Bar Or An Airline Club Lounge This app you need to know about in these scenarios is called Tunity.   Have you ever been watching five different TV’s in a sports bar and even though people are drinking and talking, you really want to hear what’s going on with your favorite game?   Or, have you been sitting in a club airline lounge and see ...

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What Alabama And Clemson Football Players Need Insurance?

College football has become such a big business for the large colleges and universities across the United States.    People come out by the droves as their teams begin to embark this season on winning a college football championship, and we’ll know in about five months who emerges victorious.    With the importance of key stars on each of the teams, there is a new ‘tricky’ business of buying insurance on the superstars of these college football teams. Recently, it was revealed that top ranked Clemson quarterback DeShaun Watson took out two very important insurance policies against a career ending injury.  The first was a $5 million dollar total disability policy and the other was a $5 million loss of value policy. When it comes to total disability, think about this in the genre of you buying an own occupation disability policy.  When you buy disability insurance, you can purchase a policy to cover your own particular occupation or any occupation at ...

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Is It Time To Fed Proof Your Portfolio

We are all witnessing the antics of the Presidential election that we see and hear in the media every day.   The Fed recently chose not to raise rates again recently and we don’t know if they will do it in September, December, or not at all this year.   However, when rates rise you will want to be prepared on what to do with your portfolio, so here are my tips on money moves to consider. Consider Locking In Rates While They Are Low If you have benefited from having a low adjustable rate mortgage over the past five or six years, you might want to consider locking into a 15 year or 30 year fixed rate mortgage while rates are low. This would prevent you potentially getting hurt if you plan to live in your property for a long period of time and you expect the Fed to raise rates. Also, you might want to make a long term real ...

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How Millennials Can Retire With A Million Dollars

Nearly two-thirds (64%) of working millennials say they will never accumulate $1 million in savings over their lifetime, according to the Wells Fargo Millennial Study. Six in ten (59%) of millennials have started saving for retirement, whereas 41% have not. Of the millennials who are not saving for retirement, 64% say they are “not making enough money to save for retirement.” The Wells Fargo Millennial study was conducted by GfK and surveyed over 1,000 U.S. adults between the ages of 22 and 35, with an additional oversample of 500 Hispanic millennials for comparison purposes. (source:wellsfargo.com). We originally started oXYGen as an XY company, so it is only fitting that we help this 64% with five key money tips on how to retire with a million dollars. Be An Avid Bill Shopper First and foremost, make sure you shop your student debt which will likely be the number one initial inhibitor to long term wealth building. Make sure first, that if ...

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How Did Apple Get A 14.5 Billion Dollar Tax

In the past week it was announced that the European Commission completed its investigation and concluded that Apple would need to pay back a 14.5 billion dollar tax to the EU.   While 14.5 billion only represents about 6% of the cash and investments Apple has on hand, the big question is what kind of precedence this might set for the future of big business overseas in light of the upcoming Presidential Election.   So, in simple terms, how did this tax even happen? This all started when Apple struck at tax deal with Ireland to locate their European Headquarters in Ireland in 1991.   Ireland create tax arrangement between now two Irish companies, Apple Sales International and Apple Operation Europe.    The profits that came from European sales for Apple were recorded in Ireland some of which were taxed and the majority of the profits were recorded through something called a “head office”.  In simple terms, this was an offshore company that wasn’t ...

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Four Financial Moves To Make After You Are Hit By A Flood

With the recent devastation people have experienced in Louisiana by the floods, some new light is being shed on what financial moves you may need to make after you are hit by a Flood.    Over the prior weekends, I did a small piece on the Weather Channel to give some financial guidance for people in Louisiana who were hit by the flood.   With only 12% to 14% of the homeowners actually having flood insurance in an area that was not considered a flood plain, the big question is what money moves you should make after the flood comes through your neighborhood. Source (FEMA.gov) TIME TO MAKE AN INSURANCE CLAIM The first thing is you should try to go back and take photos, but be safe as water damage may make parts of your home extremely unsafe. One thing you should determine is whether or not you want to hire a licensed independent insurance adjuster to work as an advocate for ...

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Do You Need An LLC For Your Rental Property?

With interest rates continuing to hover around record low rates, Gen X’ers and Baby Boomers are swallowing up investment properties all around the United States.  Even though last week an article came out from the N.Y. Times that home ownership is down to a record low of 62.9% (which is the lowest in fifty years), the developments being built around your neighborhoods seem to continue to sell at a record rate. One of the main questions we get all the time from people who buy investment real estate or rental properties centers around whether to hold the property individually, hold it in an LLC, and whether or not you need a separate company if you plan to manage these properties on your own. Let’s go through an example of why you might want to have an LLC.  You have a tenant who has rented your property up on the lake this summer.   They decide to bring a few friends out ...

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