African-American consumers spend $1.1 trillion a year. And as a consumer group, if it were a nation, would rank as the 16th wealthiest in the world. As consumers you can check the box. We have to unlock the economic and entrepreneurial power of black America.
What is your earliest memory of being happy? Do you remember that feeling being a kid on a warm summer night, the grass under your bare feet, and the freeing feeling of not having to go to school the next day? For me, being happy is being free like on those summer nights. We all want to be happy. It’s a full feeling. A feeling that connects us with others and deep into ourselves. Physiologically it’s pretty easy to understand – a chemical reaction happens in our brain, serotonin is released, and boom we feel great. Emotionally and spiritually it’s more complex. But how does money impact your happiness? Studies show that the correlation between your salary’s impact on your happiness up to $75,000, and then it peaks at $125,000. Meaning that people are increasingly happy until they make $125,000 and then they plateau. Join us for our discussion with Stacey Tisdale on Are You Happy?. Stacey Tisdale, a more than 20-year veteran TV broadcast financial journalist, and financial behavior expert, is one of the first women, and the first African-American to report from the New York Stock Exchange, in her role as a reporter/anchor for Dow Jones’ Emmy Award winning, Wall Street Journal Television.She then went on to become one of the first on-air reporters for CBS MarketWatch and business/personal finance correspondent for CBS News, The Early Show, CBS Evening News, and CBS Radio. Her latest book is The True Cost of Happiness: The Real Story Behind Managing Your Money Welcome to Mastering Your Money, Stacey Tisdale
In Raleigh-Durham NC area, people do the simple maneuver of converting your personal residence to a rental property. This maneuver brings with it many tax rules, mostly good when you know how they work
“With backgrounds in design thinking and software engineering, the founders of Airbnb (Brian Chesky, Joe Gebbia, and Nathan Blecharczyk) leveraged technologyto develop a web based user interface that made finding, selecting, and booking travel easier. In the process, they also made it easy for homeowners to earn extra income, whether that be through renting a second home or simply listing a spare bedroom. In one decade, Airbnb transformed what it means to go on vacation. The homeshare juggernaut turns homeowners into hosts, guest rooms into cash cows, and overnight stays into dynamic encounters and lasting friendships. Its very name has become synonymous with finding unique short-term stays anywhere in theworld, enjoying great services and hospitality, and having amazing experiences. Airbnb is a noun, a verb, an adjective, and a movement — and the rest of the industry simply can’t keep up. But competition isn’t what defines this phenom of the sharing economy, community does. Its leaders blended innovative digital tools and a global village spirit to build unprecedented brand loyalty — at a time when most brands struggle to just stay visible.
The words Millennial and Baby Boomers are seldom used in the same sentence. Even more rare, as a way to connect the two generations in a show of solidarity. Today we will discuss these two distinct generations to illustrate how they can learn valuable lessons from each other simply by listening more closely and sharing more freely. Baby Boomers are people born between 1946 to 1964 and Millennials between 1981 to 1996. No artificial barriers should divide the two generations. If we are to understand each other more fully, we should try to embody mutual values and best practices in how to create an ideal quality of life, how to face the future for mutual enrichment, and how to give back to each other and to society at large. Joining us for our discussion Being Entrepreneur is John Jantsch who is calling in from his Hartford, CT office. John Jantsch has owned a business for almost three decades, observing and documenting the entrepreneurial experience through his own unique story. He is the bestselling author of Duct Tape Marketing, The Referral Engine, and more. His books have been translated into ten languages, and his writing has appeared in Inc., Entrepreneur, and Southwest: The Magazine His latest book is The Self-Reliant Emtrepreneur Welcome to Mastering Your Money, is John Jantsch .
Many people are drowning in debt. They must deal with this debt issue in order to move forward in quest to find financial freedom or to be able to have the choice of working or not. Consumer debt including mortgages, auto loans, credit cards & student loans has increased to over $13.51 trillion dollars in the US. You have to make tough decisions about your spending and possibly your income. The most important step is to take action vs hoping your debt will go away. Taking action will forward to financial freedom and avoid you having to experience the pain of hitting rock bottom. You may have to file bankruptcy in order to have the chance at financial freedom. In order to avoid bankruptcy, you must control your spending.
With stocks hovering around an all-time record high, a growing likelihood of a Federal income tax rate hike by 2021, and the deadline for end-of-year tax tactics closing in fast, this is a timely reminder to run a reality check on your retirement income plan. An unusual confluence of tax, financial-market and political factors make this a particularly good time for high-income and high net worth individuals to check their retirement income plan. Let’s get specific about current conditions: In 2019, the federal government is spending a trillion dollars more than it collected in revenue, and at the end of 2018, the national debt totaled $22 trillion Meanwhile, changing political winds could sweep in higher federal tax rates. Managing your tax bracket now — in case of a hike in federal income tax brackets — could lower your tax bill, not just for 2019 but in the year or two ahead, as well. Proactive tax planning before the end of 2019 may be especially timely for business owners with an interest in a pass-through entity, like an LLC, S corp, or sole proprietorship.
Major economic trends are always unfolding but are hidden in plain sight. Along these, only if you know what to look for would you see the spectacular After the Commerce Department released the latest monthly retail sales figures on Friday morning, the financial press and financial cable TV reported that October’s three-tenths of 1% uptick allayed fears of a recession but was nothing spectacular. The press totally missed the hidden trend in the economic picture by not adjusting retail sales for inflation. Inflation is at a long-term low and is not showing any sign of returning anytime soon to its performance in the 1970s, 80s and 90s. A low inflation rate masks strong real growth in consumer spending, but spotting it in the current investment picture requires a trained eye. Viewed from a prudent professional perspective, the newly released retail sales data helps explain why stock prices have been breaking records. Answers to life’s questions are often right in front of us, but we don’t see them. Please contact us with any questions fulbrightteam@moneyful.com or to set up a meeting at 919-544-0398, and don't hesitate to share this video with people who might benefit from our work.