Time flies and as another school year approaches Deb Neuman doesn’t want any more time to go by if you are thinking about starting or growing a business.
Here are a few classes and events you should know about.
Marion Syversen was in for this week’s Finance is Fun talking about estate planning.
Please plan - Making a plan for your family for how to pass on your earthly possessions after death is a pretty intense topic. People avoid it. If you won’t face things and make a plan you leave your grieving family to sort things out, to argue over sentimental items as it reminds them of you and time spent with you, to cause such discord that relationships may be permanently altered. All because you couldn’t face this task. You have spent your life loving you family. So I know I can count on you make thorough preparations for this most difficult time and not leave them without your loving guidance.
Russ Van Arsdale was in the studio on Monday for this week’s Consumer Contact. This time, he spoke to Joy about the precautionary measures you can take when looking at used cars, especially due to all of the recent flash flooding.
Marion Syversen was in for this week’s Finance is Fun to talk about back to school shopping.
Everyone is facing the same joy and dread of back to school and all the joys and hassles that accompany this time of transition. Here are some strategies for your family.
Pre-tax contributions – Most retirement plans are funded with what are termed ‘pre-tax contribution.’ Taxes are NOT removed from that contribution now but will be owed later, when the money is removed from the tax-deferred protection of the particular account. So if you are twenty years old and begin to save, the money contributed to the account is pre-tax, and if you didn’t begin removing it until age seventy for example, the money grows protected from tax, or tax are deferred, until you remove any or all of it. Each amount withdrawn prompt the taxes due.
Deb Neuman wants to know: Are you ready to quit your “day job” to start a business?
1. Distracted at work – thinking about your business
2. You’ve market tested the idea
3. You’ve got a business “plan”
4. You’ve got a contingency plan
5. You’ve banked some money
6. You’ve got support (spouse/family/friends)
7. You never want to say “if only?”
Russ Van Arsdale was in the studio Monday for this week’s Consumer Contact. This week, Russ was speaking with Wayne about strives from the Federal Trade Commission to not only inform those looking on ways to detect and protect from scams, but also to pass that information on to everyone they can.
Marion Syversen was in for this week’s Finance is Fun to talk about retirement and how are people getting ready for retirement, or already in retirement, how are they liking the decisions they made?
Marion Syverson was here for this week’s Finance is Fun to talk about what businesses are the riskiest to start.
Food - Grocery stores, in an already competitive filed there is a lot of pressure on prices is shops of this type. Margins, the profit above costs, are typically very small and could be as low as 1% Restaurants and bars are also risky businesses. Often owners are surprised by the high costs of equipment and building requirement for code compliance, licensing and wages.
If you’re thinking of buying your first home know there is help available to get you there.
Certified housing counselor Heather Massow has tips for first time homebuyers.
Call 973-3500 or log on to penquis.org for more information
Marion Syversen was in for this week’s Finance is Fun to talk to us about the top strategies for you when you’re providing for others.
‘Responsibility requires action’ – This quote is both succinct and insightful. The responsibility of dependents requires you to act on their behalf, to both protect them now and in the event you cannot take care of them. Let’s give this some thought.
Summer means kids in business!
Deb Neuman has some tips to help your kids have a summer business:
1. Let them pick the business!
2. Help them make a business “plan”
Marion Syverson was in for this week’s Finance is Fun to tell us about how, research has shown that in general there are gender differences in how men and women behave in investing. Marion examined some of them so we can learn our strengths – and weaknesses.
Russ Van Arsdale was in on Monday for this week’s Consumer Contact. Russ was speaking with Joy about how different charities can actually be more harm than they are helpful.
Marion Syverson, was her for this week’s Finance is Fun, to give us the answer to the question “Why don’t we save when we KNOW that we should?”
Wonky budgets - So we HAVE a budget, but it doesn’t ever really get spent as planned. Things unexpectedly go wrong and need fixing and after facing those challenges a few time, we simply give up and spend as we like. And like a garden once tilled and tidy, once left to nature, the weeds grow worse that other parts of the yard. Meaning we tend to be crazier after we tried to budget than we were at first.
Deb Neuman talks about turning your ART into a business!
1. Hit up family and friends first!
2. Try a few art/craft shows this Summer!
3. Consider on-line sales – etsy.com
Marion Syverson was in for this week’s Finance is Fun, talking about the finances of togetherness.
Legalities- no way for joint property to be separated should YOU get separated without a document of some kind. Either own things individually, get married or invest in a domestic partnership agreement so you aren’t financially ruined. Not romantic? I think strong fences make good neighbors. Being financially ruined is also not romantic.
Russ Van Arsdale was in the studio on Monday speaking with Wayne about the ways you can be ready for natural disasters hitting Maine.
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Based on news reports about large-scale security breaches one might think that identity theft happens to everyone and we are doomed to have it happen to us. In fact according to a news article, identity theft affects only about three percent (3%) of the population.