by Leif Jensen | Feb 25, 2020 | Rant |
I was again reading articles and found another one about colleges, but this one had several points which I could agree with. To that extent I go a bit farther in my opinions. The article writer stated that he believes “that college is about learning how to learn,...
by Leif Jensen | Feb 24, 2020 | Rant |
Early in my career, I was a wage slave and one company that I worked at was unusual in how they ran things, it was all hierarchal by title or tenure. To get a chair with arms you needed to be there for 5 years. The cube walls were over six foot to discourage talking...
by Leif Jensen | Feb 19, 2020 | Running a Business |
In medieval times the landed gentry had serfs and slaves tend to their land to provide income for their masters. For most of human history, the wealthy have needed the poor to do the work that is necessary to run their businesses and make them even wealthier. Those...
by Leif Jensen | Feb 18, 2020 | General, Rant, Running a Business |
I was reading an article the noted three items that are the biggest time sucks to a small business owners: E-mail Television Social Media I really don’t agree with the list or the reasons given in the article. E-mails are important to my business. I use them as a...
by Leif Jensen | Feb 12, 2020 | Economy |
Kristalina Georgieva, the head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability. “In the UK, for example, the top 10% now control nearly as much wealth...
by Leif Jensen | Feb 11, 2020 | Money Management |
Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) could cover the cost of a $1,000 car repair or emergency room visit using savings. This is not surprising, since we have been hearing about these reports for...
by Leif Jensen | Feb 10, 2020 | Retirement |
I am finding the fear of retirement to be very real, and not all that surprising. The internet is full of warnings of a pending recession in 2020 which is a major cause of concern, then there are the reports that most American’s do not have adequate financial...
by Leif Jensen | Feb 4, 2020 | Estate Planning, Money Management |
There is now a tightening on the distribution timeline for inherited IRAs and workplace retirement accounts. Many need to be cleaned out within 10 years of the death of the IRA owner or 401(k) participant. The exceptions allow payouts over the beneficiary’s life...
by Leif Jensen | Feb 3, 2020 | Investing |
The beginning age for taking required minimum distributions rises to 72 from 70½. This easing applies to account owners who turn 70½ after 2019. So, if you turned 70½ in 2019, you must still take your first RMD by April 1, 2020. Employees who work past age 72 can...
by Leif Jensen | Jan 29, 2020 | General, Money Management |
I have no idea why lately I have been intrigued with businesses that focus on targeting low income people. I know that I have seen a commercial recently that was advertising payday loans. I guess this piqued my curiosity that it was a profitable enough industry to...
by Leif Jensen | Jan 28, 2020 | Franchises, Retail, Running a Business |
Cricket is a strange player in the cell phone market. Before the purchase by AT&T, I met with an owner of three Cricket locations. This gentleman owned a dozen or so franchises of different sorts and was thinking of hiring a CPS firm to handle the bookkeeping...
by Leif Jensen | Jan 27, 2020 | Money Management, Running a Business |
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on a borrower’s income and credit profile. A payday loan’s principal is typically a portion of a borrower’s next paycheck. … These loans are...
by Leif Jensen | Jan 22, 2020 | General, Money Management, Running a Business |
“Banks and credit unions have become so sophisticated in driving up overdrafts that Americans now pay more in overdraft fees every year than they do for books, cereal, or fresh vegetables,” according to the Center for Responsible Lending senior researcher...
by Leif Jensen | Jan 21, 2020 | Expense reduction, Rant |
It probably took over a year to get my wife to finally agreed to cut the cord. We were paying $160 a month for DirecTV. Once purchased by AT&T there was no discounts or flexibility with DirecTV unless you purchased their other products, which I did not need. I...
by Leif Jensen | Jan 15, 2020 | Rant |
I have been thinking about one the side hustles that I read about and was not overly fond of when I first read about it in an article. The choice was to develop a class to teach online. I still think it may be a stretch for most people, myself included. Though in...
by Leif Jensen | Jan 14, 2020 | Running a Business, Taxes |
Payroll tax scofflaws continue to be a major area of focus for the IRS. These are firms that withhold Social Security and Medicare taxes from employees’ paychecks, but use the withheld funds for personal expenses or to pay other creditors instead of sending the money...
by Leif Jensen | Jan 13, 2020 | Retail, Running a Business |
It is not hard to believe that the e-commerce is still growing, if you listen closely you can hear another retailer shuttering their doors. Nor is it hard to imagine that electronic business to business if the fastest growing segment of the market. Apparently half of...
by Leif Jensen | Jan 8, 2020 | Running a Business |
Michael Lewis in his book “The New, New Thing” offers us possibly the best distilled the definition of a business model: “All it really meant was how you planned to make money” That is the ultimate purpose of all businesses, enterprises and Not-for-Profits, it is to...
by Leif Jensen | Jan 7, 2020 | Running a Business |
I was at a several day seminar a few weeks ago and at several times throughout the seminar touched on the topics of due diligence. That got me thinking about my clients and their responsibilities for due diligence: with clients, employees, health and well-being, etc....
by Leif Jensen | Jan 6, 2020 | Running a Business |
Cash the life blood of every organization. So what is the current state of your receivables? I personally always liked how Jean Sheppard put it “In God we trust, all others pay cash”. I know he probably did not create the saying, but I know it from his book. If...
