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How a St. Louis entrepreneur is making cannabis shopping easier

A St. Louis entrepreneur hopes to drive innovation in the cannabis industry with a new tool meant to change the way consumers shop for the product......»»

Category: topSource: bizjournalsJan 25th, 2023

Easy Ways To Save A Few Extra Dollars Each Month In 2023

Saving money is a top priority for many people, and with good reason. It can be challenging to make ends meet, especially if you have a lot of financial obligations or are living on a tight budget. The good news is that there are many different ways to save money, and with a little bit […] Saving money is a top priority for many people, and with good reason. It can be challenging to make ends meet, especially if you have a lot of financial obligations or are living on a tight budget. The good news is that there are many different ways to save money, and with a little bit of planning and effort, you can find ways to stretch your budget further and reach your financial goals. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Here Are Some Of The Best Ways To Save Money In 2023: 1. Create a budget and stick to it One of the most effective ways to save money is to create a budget and stick to it. A budget is a plan that outlines how you will allocate your income and expenses. By creating a budget, you can identify areas where you may be overspending and find ways to cut back. To create a budget, start by listing your income and all of your expenses. This can include everything from your rent or mortgage payment to your groceries and entertainment expenses. Once you have a complete list, subtract your expenses from your income to see how much money you have left over. If you find that you are spending more than you are earning, you will need to find ways to cut back on your expenses. This might involve cutting back on non-essential expenses, such as dining out or subscription services or finding ways to save on your essential expenses, such as by negotiating lower rates for your bills or shopping around for better deals on groceries. Here are 20 quick ways to create a budget and stick to it: Determine your income: To create a budget, you’ll need to know how much money you have coming in each month. This includes your salary, any side income, and any other sources of income. Identify your expenses: Next, make a list of all your expenses, including your fixed expenses (such as rent or mortgage payments), variable expenses (such as groceries and gas), and discretionary expenses (such as entertainment and dining out). Compare your income and expenses: Once you have a list of your income and expenses, compare them to see if your income is greater than your expenses. If it is, you’re in good shape. If not, you’ll need to find ways to cut back on your expenses or increase your income. Set financial goals: Setting financial goals can help you stay motivated to stick to your budget. This might include paying off debt, saving for a down payment on a house, or building up your emergency fund. Create a budget plan: Based on your income, expenses, and financial goals, create a budget plan that outlines how you’ll allocate your money each month. Track your spending: To make sure you’re sticking to your budget, track your spending to see where your money is going. This can help you identify areas where you may be overspending and find ways to cut back. Use cash or a debit card: Using cash or a debit card can help you stick to your budget by making it easier to track your spending and avoid overspending. Use budgeting apps or tools: There are many budgeting apps and tools available that can help you track your spending and stay on track with your budget. Automate your budget: Automating your budget can help you stay on track by automatically transferring money into savings or paying bills on time. Avoid impulse purchases: Impulse purchases can be a major budget-buster, so try to avoid them as much as possible. Shop around and compare prices: Don’t just go with the first offer you receive for a product or service. Take the time to shop around and compare prices to ensure you are getting the best deal. Use coupons and discounts: Look for coupons and discounts to save money on your purchases. Don’t be afraid to negotiate: Don’t be afraid to negotiate for a lower price on products or services. Avoid high-interest credit cards: High-interest credit cards can make it harder to pay off debt and stick to your budget, so try to avoid them as much as possible. Avoid unnecessary fees: Fees, such as ATM fees or overdraft fees, can add up quickly and make it harder to stick to your budget. Try to avoid unnecessary fees as much as possible. Cut back on non-essential expenses: To create a budget that works for you, you’ll need to cut back on non-essential expenses. This might involve canceling subscription services or cutting back on dining out. Find ways to save on essential expenses: Look for ways to save on your essential expenses, such as shopping around for the best deals on utilities or car insurance. Use cash-back or rewards credit cards wisely: If you do use a credit card, consider using one that offers cash-back or rewards for your purchases. Just be sure to pay off your balance in full each month to avoid interest charges. Enlist the help of a financial advisor: If you’re having trouble creating a budget that works for you, consider seeking the help of a financial advisor. Write down everything you spend: You’ll find that the more you write down, the less you’ll want to spend. 2. Pay off Debt Another effective way to save money is to pay off your debt. High-interest debt, such as credit card debt, can be especially costly, as the interest charges can add up quickly. By paying off your debt, you can save a significant amount of money in the long run. To pay off your debt, you can consider a few different strategies. One option is to focus on paying off your highest-interest debt first, as this will save you the most money in the long run. Alternatively, you could try the debt snowball method, which involves paying off your smallest debts first and working your way up to your larger debts. This can be a good strategy if you need to see some quick wins to stay motivated. You may also want to consider consolidating your debt, which involves taking out a single loan to pay off multiple debts. This can help simplify your payments and potentially reduce your interest charges. Just be sure to compare the terms and fees of different consolidation options before you decide on one. Here are 20 quick ways to pay off debt fast: Make a budget: To pay off debt quickly, you’ll need to have a clear plan for how you’ll allocate your income and expenses. Creating a budget can help you identify areas where you may be overspending and find ways to cut back. Make more than the minimum payment: To pay off debt faster, make more than the minimum payment each month. The more you pay, the faster you’ll be able to pay off your debt. Pay off your highest-interest debt first: To save the most money in the long run, focus on paying off your highest-interest debt first. Use the debt snowball method: The debt snowball method involves paying off your smallest debts first and working your way up to your larger debts. This can be a good strategy if you need to see some quick wins to stay motivated. Consolidate your debt: Consider consolidating your debt by taking out a single loan to pay off multiple debts. This can help simplify your payments and potentially reduce your interest charges. Transfer your balance to a lower-interest credit card: If you have a high-interest credit card, consider transferring your balance to a card with a lower interest rate to save money on interest charges. Cut back on expenses: To pay off debt faster, you’ll need to find ways to free up more money in your budget. This might involve cutting back on non-essential expenses or finding ways to save on your essential expenses. Increase your income: Another way to pay off debt faster is to increase your income. This might involve taking on additional work, starting a side hustle, or negotiating for a raise at your current job. Sell items you no longer need: Consider selling items you no longer need or use to generate additional income to put towards your debt. Use windfalls wisely: If you receive a windfall, such as a tax refund or bonus, consider using it to pay off debt instead of spending it on non-essential items. Consider a debt management plan: A debt management plan can help you pay off your debt faster by consolidating your payments and negotiating lower interest rates with your creditors. Use the debt avalanche method: The debt avalanche method involves paying off your debts in order of highest interest rate to lowest. This can save you the most money in the long run, but may be less motivating than the debt snowball method. Seek professional help: If you are having trouble managing your debt on your own, consider seeking professional help from a financial advisor or credit counselor. Get a part-time job: Taking on a part-time job can provide additional income to put towards your debt. Rent out a room in your home: If you have an extra room in your home, consider renting it out to generate additional income to put towards your debt. Use a cash-back or rewards credit card: If you do choose to use a credit card, consider using one that offers cash-back or rewards for your purchases. You can then use the cash back or rewards to help pay off your debt. Cut back on non-essential expenses: Consider cutting back on non-essential expenses, such as dining out or subscription services, to free up more money in your budget to put towards your debt. Refinance your loans: If you have high-interest loans, consider refinancing them to a lower interest rate to save money on interest charges. Get a personal loan: If you have high-interest credit card debt, consider taking out a personal loan at a bank vs a loan shark. Sell blood and Plasma Factoids: Every 56 days, up to 6 times a year, you can sell your plasma. It’s not the easiest thing to do but it pays well. You will earn between $30 and $60 per donation session. 3. Save on your monthly bills Another way to save money is to look for ways to lower your monthly bills. This might involve negotiating lower rates for your bills, such as your rent or mortgage payment, or shopping around for better deals on things like your cell phone or internet service. You can also look for ways to save on your utilities. This might include turning off lights and appliances when they are not in use, using energy-efficient products, and sealing any drafts in your home to reduce your heating and cooling costs. Here are 20 quick ways to save money on monthly bills: Shop around and compare prices: Don’t just go with the first offer you receive for a service or product. Take the time to shop around and compare prices from multiple providers to ensure you are getting the best deal. Negotiate lower rates: Don’t be afraid to negotiate lower rates for your bills. Contact your service providers and ask if they can offer you a better deal. Switch to a cheaper cell phone plan: If you’re paying a high price for your cell phone plan, consider switching to a cheaper provider or a plan with fewer features. Shop for a lower rate on your home or car insurance: Insurance rates can vary significantly between different providers, so it’s worth shopping around to find the best deal. Cut back on your cable or satellite TV service: Do you really need all those channels? Consider canceling your cable or satellite TV service and switching to a streaming service instead. Use energy-efficient products: Using energy-efficient products can help you save on your monthly utility bills. Look for Energy Star-certified products, which are designed to be more energy-efficient. Use LED light bulbs: LED light bulbs are more energy-efficient and can help you save on your monthly electricity bill. Unplug appliances and electronics when not in use: Appliances and electronics can still use energy when they are turned off but still plugged in. Unplugging them can help you save on your energy bill. Lower the temperature on your water heater: Setting your water heater to a lower temperature can help you save on your monthly energy bills. Install a programmable thermostat: A programmable thermostat can help you save on your monthly energy bills by allowing you to set the temperature to adjust when you are away or asleep automatically. Check for leaks: Leaks in your home can increase your water bill. Check for leaks and repair them promptly to save money. Install low-flow showerheads: Low-flow showerheads can help you save on your monthly water bill by using less water. Don’t leave the water running: Turn off it when you are not using it, such as while brushing your teeth or washing dishes. Use the dishwasher and washing machine only when full: Running these appliances with a full load can help you save on your monthly water and energy bills. Shop for a cheaper internet service provider: If you’re paying a high price for your internet service, consider switching to a cheaper provider or a plan with fewer features. Use public transportation or carpool: If you have a long commute to work, using public transportation or carpooling can help you save on your monthly gas bill. Walk or bike instead of driving: If you have a short distance to travel, consider walking or biking instead of driving to save on gas. Buy a fuel-efficient car: If you are in the market for a new car, consider a fuel-efficient model to save on gas costs. Shop around for a lower rate on your credit card: Credit card rates can vary significantly between different providers, so it’s worth shopping around to find the best deal. Use cash or a debit card instead of credit cards: Credit cards can be tempting, but they often come with high-interest rates. Cash or debit cards can help you save on interest charges and avoid overspending. 4. Cut back on non-essential expenses Another way to save money is to cut back on non-essential expenses. This might include things like dining out, subscription services, or expensive hobbies. By cutting back on these types of expenses, you can free up more money in your budget to put toward your financial goals. Here are 20 quick ways to cut back on non-essential expenses: Cancel subscription services you don’t use: If you have subscriptions to services you don’t use or need, consider canceling them to save money. Eat out less: Dining out can be a major expense, so try to eat out less and cook at home instead. Cut back on non-essential shopping: Avoid making unnecessary purchases and stick to a shopping list when you do shop to avoid overspending. Cut back on entertainment expenses: Consider free or low-cost entertainment options, such as watching a movie at home instead of going to the theater. Cancel gym memberships you don’t use: If you have a gym membership but rarely go, consider canceling it and finding alternative ways to stay active. Shop around for a cheaper cell phone plan: If you’re paying a high price for your cell phone plan, consider switching to a cheaper provider or a plan with fewer features. Cut back on expensive hobbies: Consider cutting back on expensive hobbies or finding more affordable alternatives. Cancel unnecessary memberships: If you have memberships to organizations or clubs that you don’t use or need, consider canceling them to save money. Cut back on non-essential travel: While travel can be a fun and enjoyable experience, it can also be a major expense. Consider cutting back on non-essential travel or finding more affordable options. Cut back on non-essential entertainment expenses: Consider cutting back on non-essential entertainment expenses, such as going to concerts or sporting events. Use a cash-back or rewards credit card: If you do choose to use a credit card, consider using one that offers cash-back or rewards for your purchases. Cut back on luxury items: Consider cutting back on luxury items, such as designer clothing or expensive jewelry, to save money. Cut back on unnecessary insurance: If you have insurance coverage that you don’t need or use, consider canceling it to save money. Use apps or websites to find deals: There are many apps and websites that can help you find deals on non-essential expenses and other items. Check out sites like Groupon or Coupons.com to find discounts on your purchases. Cut back on expensive haircuts or salon treatments: Consider cutting back on expensive haircuts or salon treatments and opt for more affordable options. Cut back on expensive beauty products: Consider cutting back on expensive beauty products and opt for more affordable alternatives. Cut back on non-essential car expenses: Consider cutting back on non-essential car expenses, such as car washes or unnecessary car repairs. Cut back on non-essential home improvement projects: While home improvement projects can be enjoyable, they can also be a major expense. Consider cutting back on non-essential projects to save money. Cut back on expensive gifts: Consider cutting back on expensive gifts and opt for more affordable options. Use cash or a debit card instead of a credit card: Credit cards can be tempting, but they often come with high-interest rates. Using cash or a debit card can help you save on interest charges and avoid overspending. This tip could and should be added to every section in this article. 5. Cut back on non-essential expenses Groceries can be a major expense, and finding ways to save on them can make a big difference in your budget. One way to save on groceries is to make a shopping list and stick to it. This can help you avoid impulse purchases and focus on the items you need. Here are 20 quick ways to save money on groceries: As mentioned above: make a shopping list and stick to it because this will help you avoid impulse purchases and focus on the items you need. Buy in bulk: Buying in bulk can often save you money, especially if you purchase items that have a long shelf life. Just be sure to consider whether you will actually use the larger quantities before you buy. Shop at discount stores: Discount stores, such as Aldi or Lidl, often have lower prices on their products compared to traditional grocery stores. Shop the sales and use coupons: Keep an eye out for sales and use coupons to save on your groceries. Buy generic or store-brand products: Generic or store-brand products are often just as good as their name-brand counterparts but at a lower price. Buy produce in season: Produce is often cheaper when it is in season, so consider buying in-season produce to save money. Buy frozen or canned produce: Frozen or canned produce can be a more affordable option, especially if fresh produce is not in season. Buy meat in bulk and freeze it: Buying meat in bulk and freezing it can save you money, as long as you have the freezer space and will use it before it spoils. Grow your own produce: If you have the space, consider growing your own produce to save on your grocery bill. Shop at farmer’s markets: Farmer’s markets often have fresh produce at lower prices than traditional grocery stores. Don’t shop when you’re hungry: It’s easy to make impulse purchases when you’re hungry, so try to shop on a full stomach to avoid overspending. Plan your meals: Planning your meals in advance can help you avoid wasting food and save money on your groceries. Use leftovers: Don’t let leftovers go to waste. Use them to create new meals or freeze them for future use. Use a meal delivery service: Meal delivery services, such as Blue Apron or Hello Fresh, can be a convenient way to save on groceries, as they provide all the ingredients you need for a meal in one package. Just be sure to compare the cost to your local grocery store to ensure you are getting a good deal. Shop at a warehouse store: Warehouse stores, such as Costco or Sam’s Club, often have lower prices on their products due to their bulk sizes. Just be sure to consider whether you will actually use the larger quantities before you buy. Use cash or a debit card instead of a credit card: Credit cards can be tempting, but they often come with high-interest rates. Again, using cash or a debit card can help you save on interest charges and avoid overspending. Avoid pre-packaged, or convenience items: Pre-packaged or convenience items are often more expensive than buying the ingredients separately and making the item yourself. Don’t shop when you’re in a rush: When you’re in a rush, you may be more likely to make impulsive purchases or choose more expensive options. Take your time while shopping to make more mindful decisions. Use a cash-back or rewards credit card: If you do choose to use a credit card, consider using one that offers cash-back or rewards for your purchases. Use apps or websites to find deals: There are many apps and websites that can help you find deals on groceries and other items. Check out sites like Groupon or Coupons.com to find discounts on your purchases. Get started today. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old, while attending the University of Utah, he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months, he had several surgeries, stem cell injections and learned how to walk again. During this time, he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine and Finance Expert by Time. He is the Founder and CEO of Due......»»

Category: blogSource: valuewalkJan 9th, 2023

Business trends for 2023 include AI, blockchain, secondhand shopping, and health

Founders Insider surveyed said more companies will adopt AI technology, wellness brands will rise, and e-commerce will continue to boom. Cynthia Plotch, Ronan Levy, and Ariela Safira.Stix, Field Trip, Real Insider asked 68 founders for their predictions of popular business trends and topics in 2023. Some bet on AI and blockchain tech, while others will look to the health and wellness spaces.  Here's what these founders predict will be the biggest trends in business this year.  This year, startups are poised to make major strides in healthcare, artificial intelligence, and cannabis. That's according to 68 founders Insider surveyed for their predictions of what's to come in 2023. Of course, the future is uncertain, but these entrepreneurs discussed themes like how companies can adopt AI and blockchain technology, consumer health, and brand transparency. Several founders are betting on healthcare and wellness, as they believe more people will take charge of their health and demand higher standards in the products and services they buy. "Over the last few years, we've seen a shift to consumers caring more than ever about their health, the transparency around the sourcing of ingredients, and the alignment around mission-driven brands," Katerina Schneider, the founder and CEO of the multivitamin-and-supplement startup Ritual, said.Meanwhile, other founders predict this will be the year for AI and blockchain to take off. Here are some of their predictions for 2023. Some responses have been edited and condensed for clarity.1. Artificial intelligence will reach widespread adoptionMatt Woodruff, the chief product officer and a cofounder of Constellation.ConstellationMatt Woodruff, the cofounder and chief product officer of the SaaS company Constellation"The industry that'll be poised to gain market value in 2023 will be the tech companies that are innovative in transformative technologies such as artificial intelligence. We already are seeing consumers dabble in the AI craze now, flooding Instagram with photos of them using AI-art applications. The businesses who embed the right technology like AI throughout their processes and in every area of operations are the ones who will stand out in 2023."2. Blockchain will make a comebackTim Dierckxsens, a cofounder of Venly.VenlyTim Dierckxsens, the cofounder of the Web3 company Venly"Blockchain and NFTs are the first to see the value of using the technology for their specific use cases. Whether it is a business case around fan engagement, loyalty program, in-game asset ownership, or royalty distribution, the technology is maturing and businesses are starting to see the benefits."3. 'Better-for-you' brands are here to stayKaterina Schneider, the founder and CEO of Ritual.RitualKaterina Schneider, the founder and CEO of the multivitamin-and-supplement startup Ritual"I believe 'cleaner' and 'better-for-you' brands are here to stay in 2023, whether it's in the food industry, the supplement industry, or home goods and even cookware. Additionally, it's no longer enough to be just clean, brands have to be clear with their standards around what is in their products."4. People will crave healthier snacksKatie Wilson, a cofounder and the CEO of BelliWelli.BelliWelliKatie Wilson, a cofounder and the CEO of the vegan-snack brand BelliWelli"Consumer trends have shifted to health and wellness; many consumers tend to care more and more about what foods they put in their bodies. I think the demand for better-for-you food and healthier versions of comfort food is going to uptick in 2023."8. Gen Z and millennials are fueling a new wave of wellness brandsGabriella Tegen, a cofounder and the CEO of Smartrr.SmartrrGabriella Tegen, a cofounder and the CEO of the e-commerce-subscription platform Smartrr"As a result of the pandemic, the wellness industry, more specifically within the e-commerce sector, has been exploding. The demand for wellness supplements, which aid diet and improve a person's health function, has skyrocketed post-Covid. Gen Z and millennials are especially embracing this trend. As a result, this group is fueling a new wave of lifestyle-product brands that are seeing a lot of success as online brands."5. Climate and greentech companies will gain market valueAlpay Koralturk, the founder and CEO of the furniture-resale platform Kaiyo.KaiyoAlpay Koralturk, the founder and CEO of the furniture-resale platform Kaiyo"Climate and greentech companies will gain market value in the coming year and beyond. There's a large amount of federal money that will be deployed. VC's are also getting more interested in the space."6. Lab-grown diamonds will gain popularityCarolina Cordón-Bouzan, a cofounder and the creative director of Montserrat New York.MontserratCarolina Cordón-Bouzan, a cofounder and creative director of the jewelry brand Montserrat New York"I believe 2023 will be a great year for the lab-grown diamond-jewelry industry, as consumers become more cost-conscious and begin to recognize the value in the fact that lab-grown diamonds are exactly the same as mined diamonds at a fraction of the cost.The diamond-jewelry industry has been stagnant for years and is ripe for change, and is thus coming at a time that converges with the consumer behaviors and expectations of millennials and Gen Z who are looking for more environmentally-friendly alternatives while upholding quality in their jewelry purchases that will last for years and become heritage pieces."7. E-commerce will continue to boomSivan Baram, a cofounder and the CEO of Radd.RaddSivan Baram, a cofounder and the CEO of the social-shopping platform Radd"E-commerce is one of the fastest growing industries and I am sure it will continue to boom. I personally feel that shopping online is making my life easier, enabling me to dedicate time to my family, friends, and outdoor activities I like."9. Subscription businesses will outperform customer-acquisition costsJonathan Zacharias, a cofounder and the president of GR0.GR0Jonathan Zacharias, a cofounder and the president of the marketing agency GR0"Subscription businesses. The cost per acquisition for marketing is skyrocketing. The only businesses that make sense now in e-commerce are ones where you can afford to pay a lot for a new customer because they continue to buy the products. One example is Tony Robbin's new subscription company LifeForce. This is an anti-aging company where they give you a blood test and do hormone balancing."10. People will take their health into their own handsCynthia Plotch, a cofounder and the CEO of Stix.StixCynthia Plotch, a cofounder and the CEO of the women's-health brand Stix"In 2023, I predict that consumer health will gain market value. With the looming recession, people are going to take more things into their own hands to avoid expensive doctor visits and save costs."11. Mental healthcare will begin to focus more on childrenAriela Safira, a founder and the CEO of Real.RealAriela Safira, the founder and CEO of the mental-wellness membership Real"In 2023, products and services that promote children's mental health are poised to gain value. While mental health for the adult population needs changing urgently, kids' mental health is plummeting at a rate we've never seen before. From the pandemic to social media, this generation of kids is facing anxiety, depression, and self-harm at rates we've never seen before." 12. Sexual health will take center stageStephanie Estey, left, and Daphne Chen, the cofounders and co-CEOs of TBD Health.TBD HealthDaphne Chen, a cofounder and co-CEO of the at-home STD/STI-screening-kit company TBD Health"2023 is going to be a big year for setting new expectations for what it means to be sexually healthy and happy, and we will see continued consumer investment in healthcare experiences that are sex-positive, accessible, and affordable.For example, the COVID-19 pandemic has taught us all that preventative measures and routine testing are important for keeping ourselves and others healthy from infection — a lesson we're seeing reiterated with the massive increase in sexually transmitted infections. As a result, there's been accelerated adoption of healthcare services like at-home testing that make it more convenient to get tested and treated."13. Healthcare innovation will reach rural locationsAshley Tyrner, the founder and CEO of FarmboxRx.FarmboxRxAshley Tyrner, the founder and CEO of the produce subscription service FarmboxRx"Healthcare, I believe, will gain a large momentum as we are really beginning to look at a whole-person model of care within a value-based care model. I also think rural-healthcare solutions will see a boom as we are beginning to wake up to the realities that rural America faces when trying to access healthcare."14. Expect to see more biotech products coming to marketShaun Veran, the founder and CEO of Ouragins.OuraginsShaun Veran, the founder and CEO of the medical-apparel brand Ouragins"The biotech industry saw massive levels of investment during the pandemic. These funds have been utilized to develop, test, and scale new innovations in the space to help mitigate, treat, and cure diseases. Expect to see many of these products coming to market in the coming year leading to gains in valuation."15. Menopausal healthcare will gain more attentionSuki Mulberg Altamirano, the founder of Lexington Public Relations.Lexington Public RelationsSuki Mulberg Altamirano, founder of Lexington Public Relations"Products targeted at supporting menopausal health have gained a lot of attention toward the end of the year and the first CEO Menopause Summit took place in NYC in October. Women are seeking targeted health-and-wellness products at all stages of life and this is poised to be a fast growth sector in the new year."16. Cannabis and psychedelics will make major stridesRonan Levy, a cofounder and the CEO of Field Trip Health.Field TripRonan Levy, a cofounder and the CEO of the psychedelic-therapy company Field Trip Health"Psychedelics will become the dominant form of mental-health treatment in the coming years. Like blockchain, however, psychedelic investments have been hit hard in 2022 but are poised to come back in 2023.As the world continues to open up to cannabis, the cannabis industry will continue to grow into a massive sector. Delays in US legalization efforts have slowed the growth in this industry but as countries like Mexico, Thailand, and Germany move to liberalize access, cannabis companies will continue to grow."17. The secondhand market will gain momentumAbigail Price, the founder and CEO of Abbode.AbbodeAbigail Price, the founder and CEO of the vintage-home-decor shop Abbode"I think the new-fashion industry is struggling, but the secondhand market is continuing to boom. Consumers are getting sick of fast fashion, looking like everyone else, and buying secondhand items has become completely normalized. Craftsmanship and quality is constantly declining, so to get items at an affordable price that are also made well, everyone is looking to shop vintage." If you're a founder with a prediction to add to this list, please reach out to this reporter at jortakales@insider.com. Read the original article on Business Insider.....»»

Category: personnelSource: nytJan 6th, 2023

101 Christmas Gift Ideas Under $40

It is important to consider price when shopping for a gift. It becomes especially important when your holiday shopping list is long. Along with your personal finances and the number of people you’re shopping for, you can stay within budget in a number of ways. Since the holidays are already a stressful time, here are […] It is important to consider price when shopping for a gift. It becomes especially important when your holiday shopping list is long. Along with your personal finances and the number of people you’re shopping for, you can stay within budget in a number of ways. Since the holidays are already a stressful time, here are 101 Christmas gift ideas that are under $40. You don’t have to purchase these exact items. At the very least, though, they can inspire you to purchase thoughtful and practical gifts without breaking the bank. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Gifts for Coworkers and Employees Whether you consider them a friend, your “work family,” or just want to show you your appreciation, giving coworkers or employees a gift at the end of the year is a give-in. At the same time, it can be challenging to buy gifts for coworkers and employees. Generally, these gifts should be thoughtful but not too personal. And the following suggestions strike that balance. Office Yoga Mug Featuring yoga poses such as “salute to the server” and “printer warrior 2,” your colleagues will love displaying this yoga desk mug. For your convenience, it comes pre-wrapped in a gift box. And, it only costs $17 Yeti Rambler This 18 oz. is perfect for both daily commutes and outdoor adventures. Thanks to the double-wall vacuum insulation, their water will stay cold throughout the day. You can even customize the bottle if you want. A pretty solid present for $30, in our opinion. Coffee Gift Card I know. Gift cards don’t always make for the most exciting or thoughtful gifts. But, for those who can’t live without their morning cup of Joe, then definitely appreciate this gift. Bonus points if you get them a gift card from their favorite coffee shop. DavidsTea Holiday Teas Variety Pack There’s something for every tea drinker here, from chocolate to fruity to spicy holiday blends. Sleigh Ride, Organic Orange Spice, Hazelnut Chocolate, and Caramel Shortbread are included in this $12 set. Coffee Mug Warmer Have you ever poured a cup of hot coffee in the morning only to have it sit on your desk for hours? To fix that, you can gift your colleagues a mug warmer, like the $25 Kin Element Mug Warmer and Lid Set. There are three temperature settings ranging from 104 to 140 degrees. By touching the front-facing sensor, you can switch between settings. In addition to changing color, the sensor indicates whether the temperature is high, medium, or low. Harry & David Thanks a Bunch Treats Tin What’s the point of buying just one gift when you can get an entire basket? Whether your colleague likes wine, sweets, savory snacks, fruit, or all of them, there’s a Harry & David gift basket that’s perfect for them. Here’s an affordable option we recommend: Thanks a Bunch Treats Tin. It’s filled with cookies and pretzel clusters for just $30. Zen Garden Research consistently shows plants increase productivity and decrease stress in the workplace. With that in mind, we think that this fresh succulent garden for $28 will accomplish just that. Additionally, it comes in a beautifully crafted planter gift box, and one garden sold provides six months of safe water for a developing country. Desktop Vacuum Cleaner Crumbs are inevitable if you eat at your desk. With a mini vacuum, you can help a coworker clean their desktop. With an included brush and nozzle, this one can reach hard-to-reach places and is USB chargeable. And it will set you back 15 bucks. Wireless Charger and UV Sanitizer Let’s face it, your phone is filthy. This small UV sanitizer kills 99 percent of bacteria and germs, so you can provide a germ-free workplace for your co-workers. In addition to keys and sunglasses, it can be used for earbuds and other small items that are frequently used. And it’s only $18. Two-Tone Pen Holder Designed after Japanese tea cups, this pen pot features a simple, minimalist design and natural colors. All materials used in its manufacture are 100% natural and sustainable. And it costs only $26. Stationery Sets At every meeting, you will find two types of coworkers: those who take notes and those who doodle. With some fresh stationery, you can cover all the bases either way. Their desk will immediately look brighter with Poppin Soft Cover Notebooks and Rifle Paper Co. pencils, while keeping track of tasks will be easier with the to-do list notepad and gel highlighters. Daily Planner Pad This notepad over at Etsy sorts tasks by top priority, later, and tomorrow to make work easier for your coworker. Also, it has an affordable $14 price tag. Moleskine Classic Notebook For coworkers who prefer classic notetaking, this Moleskine is a great office accessory. They can jot down meeting notes, reminders, and to-do lists on ruled, dotted, double layout, or plain pages. And, this classic notebook is $23. Bento Lunch Box Container Is your coworker always bringing lunch to work, or does he or she prepare meals at home? Food can be kept fresh and organized neatly in this bento box set. There are two stackable containers included, as well as a three-piece utensil set. Not bad for $15, right? The Work Wellness Deck There are 60 cards in this deck that contain daily actions that may help bring more balance to your colleague’s work life and health. Depending on what card they pull, they might need to practice breathing exercises, network, or be grateful. You can snag these cards over at Uncommon Goods for $19. Perfect Gifts for People That You Don’t Know Very Well It’s challenging to pick out a gift for someone you don’t know well, whether it’s a coworker, distant cousin, or neighbor. Choosing a gift that’s both neutral and useful while still being fun is the key to getting a gift that will please everyone. Holga Camera Would you like to print photos with Instagram filters? You can do that with the Holga camera, believe it or not. These popular Hong Kong-made cameras make a great gift for photographers. They also cost far less than today’s high-end digital SLR cameras. Case in point, this one is $40. A Take-It Everywhere Speaker This Bluetooth speaker is perfect for anyone, no matter what their favorite band is. Whenever and wherever they want to listen to music, they can do so. For charging, the speaker comes with a USB cable. And it’s only $20. Passport Holder and Luggage Tag Set Passport protectors and luggage tags are essential for international travelers. These handmade leatherette luggage tags and passport cover sets can also be personalized with the recipient’s monogram. It only costs $18 to boot Echo Friendly Reusable Straws Increasingly, towns and cities are banning plastic straws, so these silicone alternatives are useful gifts to give. In addition, each straw comes with its own portable carry case that can be folded and stored. A set of five costs just $19. Burt’s Bees Gift Set During the winter, your lips, hands, and feet become itchy and dry. Winter is a great time to gift a Burt’s Bees kit to rejuvenate their lips and skin. And it’s only $12. Mini Buddha Board Art Set Taking a cue from Etch A Sketch, Buddha boards are a relaxing, modern alternative. Whether you’re a kid or an adult, you’ll enjoy drawing your own creations and watching them slowly disappear. There’s something surprisingly meditative about it. And you can’t beat the $18 price tag. Slippers Seriously. Who doesn’t enjoy a pair of slippers to get their feet cozy and warm? Also, you don’t need to break the bank. For example, both Dream Pairs Women’s Cable Knit Faux Fur Slippers and RockDove Men’s Original Memory Foam Slippers are only $22. Sleep Mask When you don’t know the recipient very well, giving a practical gift is a smart way to be thoughtful. And this cotton sleep mask is certainly considerate after they get a great night’s sleep. Plus, it’s only ten bucks. Hair Towel Wrap For quick hair drying, these short fiber hair towels are made from a super-absorbent microfiber towel. Using a microfiber hair towel, you can dry your hair quickly without damaging it. And a 3-pack is only $14. Elmer Knit Beanie The snug fit of Herschel beanies makes them ideal for cooler weather. Besides being gender-neutral, they’re affordable enough that you can buy matching sets for your family and friends. You can snag it for $25. Magnetic Wristband During any DIY project, this magnetic wristband comes in handy. With its 10 strong magnets, things like screws, nails, bolts, and drill bits can be corralled for ease of use while you are doing home improvement projects. Best of all? It’s only $15. Beauty Sponge With plenty of awards and a cult following among makeup lovers, Beautyblender sponges make a great gift for beauty buffs. These edgeless, reusable sponges, foundation, powder, and other products will apply evenly. And it is just $20. Dog Treat Maker Those who own dogs will appreciate the convenience of making homemade, healthy treats with this nonstick press. As of this writing, you can grab this for $25 over at Amazon. Cable Organizer We cannot keep up with the clutter of cords and chargers as electronics proliferate. As a practical gift, this tech accessories case solves that problem, which, at this point, is a fairly universal one. It’s also under $20. Theme Baskets A gift can be designed to suit those on your gift list if you know what they like. Consider creating a gift basket based on a theme. For instance, get a set of mixing bowls, utensils, and a cookbook for the aspiring cook over at Half Price Books. Gifts like this show respect for someone’s interests and encourage them. And, you can dictate the price point. White Elephant Gifts In most cases, white elephant gift exchanges are just a funny way to break the ice during a gathering. You can purchase a fun gift or a cool gift that your coworkers will appreciate, or a sentimental present that a loved one can treasure. 100 Movies Scratch Off Poster They can reveal cool designs by scratching off the square each time they watch one of the iconic movies listed on the poster. And it’s a cool $15 at Uncommon Goods. Slinky When in doubt, some childhood nostalgia never hurts! There is nothing better than the Original Slinky, and it would cost you next to nothing to purchase it. Hot Dog and Bun Toaster Double the fun by toasting two hot dogs and their buns simultaneously! The retro-styled hot dog toaster is available in three colors: white, cream, or yellow, inspired by Oscar Mayer. It’s lightweight and easy to use. And it’s under $25 on Amazon. Mistaken Lyrics Coasters You’ll have them doing a double-take when they see these coasters. There are questionable lyrics stamped on each one of these. For instance, “Hold me closer, Tony Danza.” Totally worth the $28. Mini Bowling Game Set Presented as a white elephant gift, this Mini Bowling Game Set is fun and exciting. This set is perfect for those who need a stress-relieving desk game. Plus, it’s budget-friendly at just $12. Wacky Wavy Mini Tube Guy White elephant gifts can be hilarious, and this one is sure to stand out. Like your favorite car dealership decoration, this miniature motorized tube guy dances, wiggles, and shakes – only it fits right on your desk. And it’s under $20. Head & Scalp Massager After a long day, a scalp massager can help reduce stress and anxiety. Due to its small size and lightweight design, they can easily carry it wherever they go! Also, it’s just around $10. Bluetooth Karaoke Microphone With this microphone, you can transform every commute or gathering into a karaoke session. You can stream music straight from Spotify, iTunes, YouTube, or other streaming services with the microphone connected to any Bluetooth-enabled device. As of this writing, it’s $25 on Amazon. Silicone Wine Glass Holder Make someone’s day by giving them the gift of relaxation. Using this silicone wine glass holder, they can sip while showering or bathing. It doesn’t require adhesives, suction cups, or wall mounting. If they’re not into wine, consider a shower beer holder. Both are around $15. Food Dice With these innovative Foodie Dice, they can finally put an end to meal indecision. In total, 186,000 meal combinations are possible with each set, which includes nine dice dedicated to cooking methods, proteins, carbs, herbs, bonuses, and seasonal produce options. A pouch set is $24. Touchscreen Gloves In the winter, nothing is more frustrating than trying to use a touchscreen phone. Either you’re holding it with gloves on, or your fingers are numb. These Moshi Digits Touchscreen Gloves keep hands warm in the cold, and their unique grip patterns prevent phones from slipping out. You can buy a pair for $30. Cocktail Kit Besides a bartender’s spoon and muddler, three cocktail picks, and a hand-knit cocktail napkin, each kit includes ingredients for an Old Fashioned, Margarita, and Moscow Mule. You can take these kits on your next adventure in your back pocket, pack, or duffel. Each kit is $22 a pop. A Game of Cat and Mouth With this hectic pinball-like game, you will have hours of fun catapulting balls at one another. And it’s priced fairly at $20. Sneaker Balls The advantage of white elephant gift exchanges is that you don’t give someone these sneaker balls directly. Getting it through a game might make it more useful, but if you give it to your friend, they might take offense. They’re also only $15. White Elephant Ring Holder Yes. It’s literally a white elephant. This will definitely win you the award for the most cringe-worthy White Elephant gift. But hey, at least it’s useful. And, it’s a measly ten bucks. Gift Ideas for the Home If you’re shopping for someone who loves their house, give them something that will make it even better. 3-in-1 Avacado Slicer Avocado prep made easy. An easy-to-use, dishwasher-safe tool that facilitates everything from slicing to pitting. For $12, you might as well pick one up for yourself as well. Breakfast Sandwich Maker You can make breakfast, lunch, or dinner sandwiches in just minutes with this sandwich maker. With this breakfast maker, you can customize your sandwich by choosing your favorite bread, cheese, eggs, and meats. Plus, it will only set you back $30. Mini Waffle Maker Dash’s waffle maker whips up tiny 4″ waffles in no time. Furthermore, it’s available in a variety of fun colors and even in a heart-shaped design. And, it’s just $13. Crock Pot Give your friend or loved one an easy-to-make, mess-free slow cooker. Seriously, I can’t live without mine. You can buy a 4.5-quart size slow cooker for $25. W&P The Popper W&P’s collapsible popcorn bowl makes four cups of fresh popcorn. Plus, the lid doubles as a measuring cup. And it costs only $20. Milk Frother When making cappuccinos and other coffee drinks containing milk, a milk frother is essential. In addition, it can be used at home to aerate and froth cocktails. It’s available at Amazon for $25. Eco-Friendly Dishcloth Towels Colorful dish towels never go out of style, and these cheerful ones boast playful patterns and bright colors. Towels made of 100% cotton can be used to clean dishes, pans, and appliances and reduce paper usage. A set of 4 costs $11. Silicone Baking Mats Baking enthusiasts will appreciate these nonstick silicone baking mats that are safe for ovens, dishwashers, and freezers. They give home kitchens a professional vibe. And, a set of 2 is only $16. Compost Bin This compost bin is stylish, so they won’t mind leaving it out. In addition to a form-fitting lid that keeps out odors, it has a rotating handle that makes transporting it easy. It is, however, $33. Garden in a Bag Herbs are a favorite among chefs. This Garden in a Bag-Basil from Potting Shed Creations is just $10.50 and will let the chef in your life grow, tend, and use their own basil. Sherpa Throw Blanket It is crucial to have a warm blanket in the colder months of the year, and this sherpa option fits the bill perfectly. For cold nights, keep the blue plaid rug at the foot of the bed or on the living room couch. And, it’s just $18 at Target. Personalized Christmas Ornament Establish a new holiday tradition by giving a personalized ornament as a gift. If you head over to Personal Creations, you can do this for $20. White Noise Machine This well-rated sound machine helps promote self-care by helping you get a good night’s sleep. There are six sounds included: rain, brook, thunder, white noise, ocean, and summer night. The timer can also be set to automatically turn the device off with the help of an included AC adapter or batteries. It’s on sale for $24. Vertical Photo Holder It is said that a picture is worth a thousand words. It is especially easy for grandparents to fall in love with updated pictures of their adorable grandchildren. This Kikkerland Photo and Card Holder in Black is a great way to keep lasting memories close. Make sure to print off some great photos to include as well. Butane Torch It’s the perfect tool for grilling or crème brûlée enthusiasts. And, it’s only $20. Gadget Gift Ideas For your tech-savvy friends and family members, there are a number of gifts in the $40 or below range. KZED Deep Tissue Massager A good massage relaxes muscles, relieves muscle stiffness, and improves soreness after exercise, and this massage gun by KZED does just that. You can customize the vibrations for a lighter or a deeper massage using the six types of massage heads. And, it’s a bargain at $36. iFixit Jimmy Those who constantly disassemble, hack, and mess around with their electronics will surely appreciate this gift. With the Jimmy tool from iFixit, you can wedge, pry, or shimmy open just about anything with its thin strip of steel. Besides scraping stickers and paint, it’s also useful for adjusting and repairing areas. For DIYers, it’s a must-have. And, it’s only $8. Wyze Cam V3 A home security camera is a must if you want to know what’s happening in your yard or if someone you know is concerned about porch pirates. If you are on a budget, Wyze sells a variety of affordable outdoor security cams. Among the Wyze Cam V3’s features are color night vision, intelligent motion detection, voice control, and a built-in siren — all for under $30. S1 Stealth Wallet With its minimalist design and water-resistant DTEX build, the S1 Stealth wallet from Dango Products is a great gift option. There are six card slots, as well as a pocket for a key or memory card, in this slim accessory. The S1’s RFID-blocking technology also protects users from identity theft and credit card fraud. It’s currently on sale for $20. Mini Drone This mini drone from Holy Stone is an excellent gift idea for beginners at $36. This drone is cleverly designed with protective shells around its rotors, is capable of a number of in-flight tricks, and has a flight time of about 20 minutes per charge. A trio of batteries and an intuitive controller are included. BoostCharge Fast Wireless Charging Pad Wireless chargers are great tech gifts under $40, and Belkin’s is one of the best. This compact accessory can rapidly charge iPhones and Android smartphones with a maximum power output of 15 watts. Signature M650 Wireless Mouse The Logitech Signature M650 wireless mouse is hands down the best under $40 gift you can give to a coworker, family member, or friend. Featuring a precise scrolling wheel and silent button, the gadget will leave a lasting impression. Spectra Infinity Xbox Controller Any Xbox or PC gamer will immediately enjoy the PowerA Spectra Infinity wired gaming controller. A high-quality knob with mappable keys, colorful LED lighting, and a handy volume dial make this accessory a must-have. Warranty coverage is provided by PowerA for two years. FosPower Emergency Solar Radio You can hear emergency broadcasts, charge your electronics with the sun, and have a reliable source of light with the FosPower Emergency Solar Radio. For peace of mind, this is definitely $31 well spent. Band 7 Fitness & Health Tracker This fitness tracker has design and hardware features that belong in a much higher price range, making it a fantastic under-$40 gift. A sophisticated sensor measures the heart rate and oxygen level continuously. This budget-friendly gadget tracks over a hundred activities and workouts, as well as sleep patterns and stress levels. Echo Wall Clock If you’re looking for a gift for someone who already uses an Amazon Alexa device, then the Echo Wall Clock is a great choice. With its built-in LEDs, this minimalist wall clock can display the progress of various timers you set with Alexa. You can use it to set timers for food, laundry, homework, and whatever else you can think of. Pretty cool for $30, if you ask me. GE Full-Color Direct Connect Smart Bulbs These GE Full Color Direct Connect Smart Bulbs for just $13 make it easy for friends and family to set the mood in their rooms. With no additional hardware required, you can choose from millions of color options. Using Alexa or Google Assistant, the bulbs can be dimmed or controlled from away from home. Dime Mini Multitool Gearheads will appreciate the compact, feature-rich Gerber Dime, a multitool crafted entirely in the United States. Among the 12 onboard tools are a flat-head screwdriver, a tiny plain-edge blade, a box opener, and scissors. It is backed by a lifetime warranty from Gerber. Not shabby for around $20. Justin Case Commuter Car Emergency Kit This roadside emergency kit includes jumper cables, a flashlight with batteries, a tow strap, a rain poncho, knit gloves, a first-aid kit, and Justin Case Roadside Assistance for 365 days, making it a perfect gift for anyone who forgets to leave their car lights on or forgets to turn it to E. Not too shabby for $24. Simply complete the enclosed membership form and mail it in to receive roadside assistance. After a few weeks, you will receive a one-year enrollment card in the mail. There is no membership fee. Best Buy Gift Card Not the most original gift. But, at least the recipient can buy the gadget they’ve asked Santa for. Inexpensive Gift Ideas for Kids If you’re looking to stretch your budget when shopping for the baby, child, or teen in your life, here are some gift suggestions. Lego Classic Creative Blocks While this classic, colorful Lego set comes with a few ideas for small projects, it promotes open-ended play. A brick-shaped storage container is a nice touch too. A great gift for just $12. View-Master Boxed Set As a kid, you probably enjoyed clicking through one of these – now you can share the joy with your own children, grandchildren, or niece or nephew. You can think of it as the original VR headset. But, for only $22. Carson BugView Finder By using this catch-and-release bug magnifier kids can explore the outdoors in a humane manner. Plus, it’s only $13. Tookyland 16 Pcs Wooden Soring Stacking Balancing Stone Rocks In addition to being more eco-friendly than plastic toys, wooden toys are more popular among minimalist parents. While helping kids develop hand-eye coordination, these Areaware-esque rainbow woodblocks look nice enough to display. And, it’s a steal at $16. Zutano Unisex-Baby Newborn Cozie Fleece Booties This pair of Zutano Cozie Fleece Baby Booties with Cotton Lining is soft, cozy, and perfect for wiggly feet. With an adjustable snap closure and a gentle ankle elastic, the baby booties stay securely on your child’s feet thanks to a fleece shell lined with interlock cotton. Prices range from $18 to $25. Think Wing Baby Teething Toys 5-Pack The set contains giraffes, bananas, and other fruit shapes as teething toys. And, it’s on sale at Amazon for $10. Doodle Bear This sweet stuffed animal is perfect for kids to scribble and scrawl all over-then toss it in the laundry when they’re done. To draw on this stuffed toy, three washable markers are included. Not bad for $22. Eeboo Our Solar System Puzzle As you complete this cosmically cool solar system puzzle, your kid will learn about outer space and explore the universe. Illustrations and amazing facts about the universe fill this puzzle as well. An out-of-this-world present for $16. Novie Interactive Smart Robot Kids will love learning fun tricks from this interactive robot toy. There are 75 tricks or commands that Novie can do, as well as interacting with other Novie robots when controlled by hand gestures. It’s available at Amazon for $29. Money Maze Bank This is a great way to give cash or a gift card – enclose them in a money maze and watch the recipient figure it out. Once the initial gifting is over, the Money Maze can be turned into an actual piggy bank with built-in security. Definitely a unique gift for $8. Selfie Ring Light Selfie rings are absolutely worth the investment if your teen enjoys taking selfies and takes high-quality photos. This is under $19 and comes with a tripod and phone holder. Fanny Pack Despite what you may think, fanny packs are very popular right now. This Patagonia bag sits at the waist for easy access to essentials or can be slung over the shoulder. The “light, comfy, and durable” features make it a favorite among reviewers. Apple AirTag This tag can be attached to a backpack, wallet, keys, or other easily lost items so your teenager can easily track them down with the Find My app whenever they lose them. Using the app, they can make the tag play a sound until they find their misplaced item. Totally worth the $29. Panasonic ErgoFit Earbuds If they’re still plugging in their headphones, like the cool kids area, get them a pair of Panasonic in-ears for like $10. Their sound is pretty good, and they are comfortable, with soft ear-hugging tips. Bombas Socks During the holidays, it’s basically your civic duty as a parent to buy socks for your teenager. Bombas socks are more comfortable and stylish than your local department store’s six-pack. In addition to feeling great on their feet, they give back to the community with every purchase. Subscriptions/Experiences Instead of material possessions, why not give the timeless and memorable gift of subscriptions or experiences? Meal Kit Delivery Service Are there any friends or family members who enjoy cooking but can never get to the grocery store? Perhaps they want to take their culinary skills to the next level, but aren’t sure where to start. Subscription food services provide the precise ingredients (premeasured) required for varied recipes, delivered right to your door. Using the instructions, anyone can cook a quality meal by simply opening the box. Home Chef, for example, allows you to send a $25 gift card. Speciality Food or Coffee As an example, a box of authentic New Orleans beignet mix would make a great gift for your family or friends for just five bucks. You can also add Café du Monde coffee and chicory to make the perfect gift. Sports Game or Concert Tickets Around the holiday season, there are all sorts of college bowl games and other sporting events. They will love the experience and you won’t usually have any trouble finding tickets. Make your music lover’s day by taking them to a show. Not sure what type of music they enjoy? Usually, you can find ideas on their Spotify or social media accounts. Theater Tickets Although the cinema is also great, I’m not talking about the movies. I’m talking real theater for an off-Broadway show, opera, ballet, or other fine arts performance. The cost of production tickets may be less than $25 at smaller, local theaters. For your friend or family member, it will be an unforgettable experience. Museum, Art Show or Tour Tickets Your gift recipient may not have experienced everything there is to do in a big city — even if they live there. The perfect gift could be tickets to an experience, whether it is a museum or city bus tour or even the aquarium downtown they visited as a kid. Tickets for CityPASS cost more than $40. You can, however, get some ideas of what to buy from the site itself. Annual Magazine Subscription It is likely that there is a magazine dedicated to the hobby of your friend or loved one. Purchasing a hard copy of the current issue will give you something to wrap along with your subscription. For instance, 12 issues of National Geographic for $39, or $20 for Kindle version. Book of the Month A new hardcover title is chosen by the BOTM team every month. If you’d rather skip the month, pick the book you’d like, or let the editors surprise you, you can do so. Adding up to two additional hardcovers to your order is only $9.99 each if you can’t get enough reading material. For 3 months, this will cost you $50. But, this is the gift that keeps giving. Groupon $30 & Under Experiences If you head over to Groupon, you can find a wide range of affordable experiences, including bowling, paintball, whale watching, or art classes. Donation in Their Name You may want to consider giving a charitable gift in honor of somebody who has everything they need. You will most likely receive something nice from a charitable organization for the recipient. It’s an excellent gift for your minimalist friend; you won’t mess up their home. Contribute to a Child’s 529 Make a contribution to the child’s 529 plan. It’ll be necessary to check to see if the parents have set one up, and if they have, you can contribute to the child’s college tuition. Any bit will help, given how expensive school has become these days. There is a tax advantage to setting up a 529 savings account in which the money is invested until the child’s tuition is due. It is possible to set up a 529 for a child without one already in his/her name. But you will need the child’s social security number. Give the Gift of Stocks and Index Funds You can easily purchase stocks of publicly traded companies with SparkGift, and easily gift those stocks to anyone. Following that, the recipient receives instructions via email on how to set up a brokerage account or add funds to an existing one. Whether it’s for newborns, teens, grandparents, or adults, SparkGift is perfect for everyone. For users under 18 years of age, a custodial account is set up to protect them from selling the farm. FAQs What should I get someone as a gift? If you are looking for a gift for someone, the best advice is to work out your budget within the $40 range and then determine what is still within your price range. After that, knowing the gift recipient and what they like to receive will definitely help. What is proper gift-giving etiquette? Cultures around the world have different protocols for giving gifts. Do not hesitate to ask your in-laws, family, or friends what you should do if they practice gift-giving differently than you do. If you want to know how to behave properly in various cultures, you can always do some research online. As long as your gift is thoughtful and you are genuine in your giving, the receiver will likely be pleased with whatever you give. Who is the recipient? Are they members of your immediate family? Is it a bestie or a new friend? A significant other? A co-worker? A gift’s personality and size will likely be determined by how close you are to the recipient and how close you feel to them. So, even if your new friend needs to relax, you don’t have to book a spa package for them. Stress balls are a good place to start. Is a gift card ever acceptable? Gift certificates that say, “go have a nice dinner at this fancy restaurant,” are definitely acceptable if they are thoughtful. The trick is to choose an amount that won’t force the recipient to spend too much money. However, as long as you keep the recipient’s preferences in mind, your gift should land. You shouldn’t spend more than you can afford. What’s your holiday budget? Choosing the perfect gift also requires knowing your budget – and sticking to it. By doing this, you will know where to shop and what to look for. Don’t forget that buying the perfect gift doesn’t have to break the bank. The truth is that this isn’t always the case. The best gift you can give, besides the affordable items listed as handmade, are gift vouchers. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old, while attending the University of Utah, he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months, he had several surgeries, stem cell injections and learned how to walk again. During this time, he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine and Finance Expert by Time. He is the Founder and CEO of Due......»»

Category: blogSource: valuewalkDec 9th, 2022

Live: 320+ best Cyber Monday deals to shop now before discounts end soon

Cyber Monday comes to a close soon. Check out our list of the best 2022 sales from Amazon, Walmart, and more. Keep this page bookmarked as we'll be regularly updating this page with the latest deals.Nintendo; Amazon; Alyssa Powell/InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more.Cyber Monday is nearing its end, but there's still time to do some last-minute shopping. Since Black Friday, we've seen all-time low prices from retailers like Amazon, Best Buy, and Walmart, and the deals are still running right now for the big shopping week.Maybe you're wanting to upgrade to a new 4K TV or are in the market for a Nintendo Switch (or the ever-elusive Sony PS5). We're even still seeing deals on noise-canceling headphones, the latest fitness trackers, and all sorts of outdoor gear, air fryers, and weighted blankets.In other words, there's something for everyone — and we'll be compiling every single must-have deal right here. Be sure to check back regularly as our expert team will be updating this page often through the end of Cyber Monday.Top Cyber Monday last-minute deals available right nowPeacock Premium: $0.99/month (80% off)Hulu x Disney+ Bundle: $4.98 per month (55% off)2021 Apple 10.2-inch iPad (64GB): $269 (Save $60)Meta Quest 2 Cyber Monday Bundle: $350 (Save $50)Apple AirPods Pro (2nd Generation): $200 (Save $50)Blink Outdoor Camera: $59 (Save $40)Roku Streaming Stick 4K (2021): $25 (Save $25)Toshiba 43-inch 4K Fire TV: $239 (Save $90)Google Pixel Watch: $299 (Save $51)Samsonite Omni Hardside Luggage (2-piece set): $149 (Save $182)$249 off Galaxy S20 FEAntonio Villas-Boas/InsiderThe Samsung Galaxy S1 FE is an updated version of the original Galaxy S21 phone, which means that this is a fantastic high-end Android phone. Today you can buy it on Amazon for 42% off, making it possibly the best Android phone for the price.30% off Greenies Fresh Dental Dog Treats (12-pack)ChewyGreenies Fresh Dental Dog Treats clean your dog's teeth as they chew and temporarily freshen their breath. We tested six different dental treats for dogs, and these are the ones that came out on top. They're down to an all-time low price right now. Over at Chewy, enter code PET30 at checkout to save. 20% off Spanx Faux Leather LeggingsNordstromSpanx Faux Leather Leggings are the leggings that sold out in 24 hours because they feature the brand's signature Power Waistband material for a secure fit around the core and smooth faux leather fabric that's comfy and flexible. Read more about them in our Spanx roundup. During Cyber Monday, get 20% off these bestselling pants before they're gone.30% off Native Union 10-foot Night CableSarah Lord/InsiderCharging from a distance is easy with the Native Union Night Lightning cable, our recommendation for the best long lightning cable. The durable 10-foot cord reaches just about anywhere. Now $27, this is a rare discount on this thoughtfully-designed, durable, and weighted iPhone charging cable.$39 off Yamazaki Home 6-Tier Shoe RackUrban OutfittersYamazaki Home's sleek six-tier shoe rack is a great piece of furniture if your decor leans more modern. The rack will hold at least 15 pairs of adult shoes and the top shelf can be used to hold entryway items or decor. Down to $90 in-cart, this is a rare chance to save.60% off RoboVac 25C Wi-Fi Connected Robot VacuumWalmartEufy makes some excellent budget-friendly robot vacuums, This Eufy robot vacuum connects to your phone for easy scheduling and will run for over an hour with a single charge. Down to $99, this is a rare drop that beats previous deals we've seen.30% off Lego Star Wars The Razor Crest 75292 Building Toy SetAmazonPerfect for both kids and adults who love "Star Wars" and Legos, this kit builds the Razor Crest starship from "The Mandalorian," complete with figurines of The Mandalorian, Greef Karga, Scout Trooper, and, of course, the Child. Right now, it's offered at an all-time low price.$30 off Noco Boost Plus GB40 Jump StarterAmazonA portable jump starter like the Noco makes it significantly easier than jumping from another car. The current deal for this jump starter is the best price we've seen all year, with it typically going for $100.25% off Dagne Dover Landon Carryall (Large)Dagne DoverThe Landon Carryall really is "the ultimate travel buddy" — it's equipped with a luggage handle sleeve, 16-inch laptop sleeve, key leash, side snaps to expand storage when needed, water bottle pocket, and an external pocket for a phone or passport as well as plenty of internal pockets. Right now, you can get 25% off with the code BFRIYAY25 for Cyber Monday.$300 off Coway Bidetmega 400 Electronic Bidet SeatAmazonThe Coway Bidetmega 400 Electronic Bidet Seat is our top-recommended bidet. For a reasonable price, it offers all of the common high-end amenities, including a night-light, warm air dryer, and an intuitive remote controller. During Cyber Monday, it's $50 cheaper than the previous all-time low price.$30 off Anker 521 Magnetic Battery for iPhone 12 and 13AmazonThe Anker 521 Magnetic Battery seamlessly charges the iPhone 12 and 13 lineups and is a handy accessory to take with you on the go. It comes in four different colors to choose your favorite from. Currently down to $20, this is an all-time low for Cyber Monday.45% off Crayola Ultimate Light BoardTargetThis Crayola lightboard turns every drawing into a glow-in-the-dark masterpiece and can be wiped clean and reused endlessly. It comes in a stand that makes it easy to display, but also comes with storage that makes it travel-friendly. On sale for just $20, it's a kid's gift that's hard to top.$20 off IT Cosmetics Confidence in an Eye CreamMacy'sIt Cosmetics' Confidence in an Eye Cream was clinically tested to gently hydrate your delicate eye area and is suitable for all skin types. For Cyber Monday, our favorite hydrating eye cream is 50% off.20% off Espro P1 Travel Coffee PressAmazonBrew your coffee on the go with the Espro Travel Coffee Press, the travel mug with a French press built in. The P1's microfilter makes it a streamlined and leakproof coffee brewing experience. We named it the top travel pick in our guide to the best French presses. During Cyber Monday, you can get it for an all-time low price.50% off MSI 27-inch Curved Gaming MonitorAmazonWith a 170Hz refresh rate, this MSI monitor is slightly better than the usual 165Hz you see on similarly priced computers. It's also got an incredibly thin frame and Full HD resolution. But the most impressive part of this monitor is the price: During Cyber Monday, it's only $250, which is a fantastic deal.$66 off Allbirds Men's Tree FlyersAllbirdsDesigned to be Allbirds' first performance running sneaker for long-distance, the Tree Flyer is easily the most technical sneaker from the brand. The lightweight SwiftFoam insole reduces impact and we found the Tree Flyer's comfort is unrivaled. Save $66 this Cyber Monday.$50 off JBL Tune 230NC True Wireless Noise Cancelling In-Ear EarbudsAmazonJBL's affordable Tune 230NC earbuds offer active noise cancellation, great bass, and up to 40 hours of battery life on one charge. They're also water-resistant and sweatproof. This 50% discount for Cyber Monday is the lowest price we've seen since they were released last year.$123 off Vitamix One BlenderAmazonThe Vitamix One is the most pared-down and affordable blender the brand makes, and if you're not making hot soups, nut butters, or grinding grains, it's all you'll ever need. During Cyber Monday, it's at an all-time low price over at Amazon when you apply the $22.50 coupon before adding it to your cart.$55 off Waterpik Aquarius Water FlosserAmazonThis water flosser removes up to 99.9% of plaque from treated areas and is up to 50% more effective than floss. It also has a massage mode for gum stimulation and 10 pressure settings. It's typically closer to $70, but right now it's $45, a great place on a product Insider Reviews editors tend to snag for themselves during deal days. Read our review of the best water flossers and flossing alternatives. 36% off Sunbeam Heated Electric Throw BlanketWalmartSunbeam is hands down the most popular brand if you're in the market for a cozy heated blanket. Its fleece-heated throw is machine washable, comes with three heat settings, and shuts after three hours for safety. Right now, it's marked down to its lowest price in more than a year. Read our guide to the best electric heated blankets.  $30 off Bosch PS31-2A 12-Volt Drill/DriverBoschThe Bosch PS31-2A 12V is small and lightweight, the perfect tool to have on hand to tackle most light-duty household tasks. Often priced between $100 and $120, it's currently on sale for under $90. Read more about it in our guide to the best cordless drills.26% off Epicka Universal Travel AdapterAmazonEpicka's all-in-one adapter is a handy international travel plug that works in more than 150 countries. It's designed for phones, laptops, and other smaller devices and has six charging ports: four USB ports, one USB-C port, and one universal AC socket. It's on sale at its lowest price right now.40% off Everlane Cashmere CrewEverlaneEverlane's Cashmere Crew is a backbone for fall and winter wardrobes thanks to its mix of quality and affordability. It's warm, soft, lightweight, and extremely versatile. The sweater is available in four neutral hues and sizes XXS to XXL. For Cyber Monday, you get 40% off the Crew and many of our favorite pieces from Everlane.$20 off OXO Brew Conical Burr Coffee GrinderOwen Burke/InsiderOXO's Conical Burr Grinder is excellent for French press, drip, or pour-over enthusiasts who are ready to trade in their blade grinder for an entry-level burr grinder. Read more about it in our guide to the best coffee grinders. Right now, you can pick it up for $80, a price drop we've only seen twice this year. $25 off Nvidia Shield TV 4KAmazonThe regular Nvidia Shield model isn't as powerful as the Pro version, but it's still a very capable Android streaming device with access to every major service. It also features a unique, compact tube-shaped design that makes it easy to hide out of sight. At $125, this deal price matches the lowest we've ever seen on one of our favorite streaming boxes.$18 off Hopopro High-Pressure ShowerheadAmazonThe low price tag and an impressive variety of spray settings make the Hopopro High-Pressure Showerhead and its 1.81 GPM flow rate a great budget choice. It's only a dollar off the lowest price ever during Amazon's Cyber Monday event. Read more about it in our guide to the best shower heads.$19 off Stasher Bags On-the-Go 6-PackAmazonStasher's reusable bags and bowls are leak free with a patented Pinch-Loc seal and made with incredibly durable, food-grade platinum silicone. Plus, they come in a pleasing palette of colors that are sure to spark joy every time they are used. This sale brings the giftable eco-friendly set down to under $50.60% off Lands' End Essential Down Comforter (Queen)Land's EndIf you tend to overheat at night, the Lands' End Essential Down Comforter, which has a lower fill power than average, offers temperature regulation that will keep you cozy and comfortable without sweating. In fact, we named it the best for hot sleepers in our comforters buying guide. We haven't seen this deal before, and you can't beat more than 50% off.$500 off Hisense 55-inch U7H 4K QLED TVBest BuyThis is one of the best 55-inch 4K TVs you can get for the money, even at full price. The Hisense U7H has advanced picture features, like quantum dots and local dimming, for a lot less than the competition. At this deal price, the TV is an even better value.32% off Coleman SaluSpa Four-Person Hot TubAmazonThe small but mighty Coleman SaluSpa Four-Person Hot Tub is our budget pick for inflatable hot tubs. It sports a sturdy frame, heats up quickly, and produces effective bubbles. It's usually priced around $500, and this is the lowest price we've seen all year.65% off Otterbox Defender Series Pro Hard Shell for Apple iPhone 14 PlusBest BuyThe Otterbox Defender Series case will provide the ultimate protection for your iPhone. Such assurance usually costs over $50, so this $19 deal makes it an easy recommendation if you want to give your phone the best protection possible.$49 off Lululemon City Adventurer BackpackLululemonWith an expandable pocket for sweaty clothes and a laptop sleeve, this backpack was designed to get you from work to your workout. It's down from $128 to $79 for this rare Cyber Monday deal. Check out our roundup of more Lululemon deals.$15 off Rabbit Vertical Lever CorkscrewAmazonFeaturing stainless steel construction and a comfortable, textured grip, the Rabbit Vertical Lever Corkscrew makes removing corks easy with a single pulling motion. Our top-rated lever corkscrew is now on sale for $35, matching the lowest price we've seen all year.25% off Simplehuman Dual Compartment Rectangular Recycler Trash CanWalmartSimplehuman's Dual Compartment step can is made of durable stainless steel. Its sturdy steel pedal and smooth-closing lid make it easy to dispose of trash and recyclables. Typically, you'll pay the list price. Right now, the price is down to an all-time low that we haven't seen since this time last year. Read our full review of the Simplehuman Dual Compartment Trash can.25% off Nemo Stargaze Recliner Luxury ChairNemoThe Nemo Stargaze Recliner is almost comfortable enough to use in your living room. Made of water-resistant mesh and with a 300-pound weight capacity, it's perfect for your next bonfire or outdoor movie night. It weighs just over 6 pounds, so it's fairly portable, too. It's currently on sale for over $62 off during REI's Cyber Week sale.$22 off Anker 735 ChargerAmazonThis charging base delivers enough power to laptops and fast-charge phones, with 2 USB-C ports and one USB-A port. The charger's prongs can be folded when not in use for easy transport, too.$52 off Sony WH-1000XM5Antonio Villas-Boas/InsiderIf you're looking for the latest and greatest in noise-canceling technology, look no further than Sony's WH-1000XM5s. The XM5s are an excellent refresh over previous models in Sony's highly rated XM series with upgraded drivers as well as improved noise reduction during phone calls. Pick them up for $52 off during the Cyber Monday sale.$81 off K&H Pet Products Outdoor Heated Kitty House Cat ShelterChewyThis cozy cat house keeps your feline friends extra warm and is easy to assemble and break down, making it a breeze to pick and move it wherever you need. We're huge fans of this one here at Insider Reviews, having previously named it the best outdoor heated cat shelter. During Cyber Monday, it's on sale for $81 off its normal price, making it an excellent deal.$40 off We-Vibe ChorusWe-VibeAn excellent sex toy for couples, the Chorus from We-Vibe sports a C-shaped design, two vibrating arms, and a squeeze remote for added ease of use. It also pairs with the We-Connect app for long-distance play. It's currently a steal at 20% off as part of We-Vibe's sitewide sale.34% off Amazon Basics Dog Poop Bags with DispenserAmazonIf you're a dog owner, you know that dog poop bags are a constant necessity for walks and yard cleanup. Right now, the Amazon Basics brand is discounted to only $13 for a pack of 300 — an excellent deal and the best price we've seen for them all year.$48 off Lego Harry Potter and Hermione GrangerLegoThese aren't Lego mini figures of two of the most popular Harry Potter characters. They're giant versions made entirely out of Lego, and they're movable once constructed. They're 40% off for Cyber Monday, so get them before they're retired.$100 Apple Gift Card + $15 Target Gift CardTargetWhether you're shopping for yourself or as a gift, this is a value-packed offer. By buying a $100 Apple Gift Card, usable for device or app purchases, shoppers can now get a free $15 Target Gift Card. If you need stocking stuffers or just plan to shop from either retailer in the future, you can't miss this deal.10% off L.L.Bean Percale Sheet Set (Queen)L.L.BeanThese are our favorite sheets after testing dozens of sets. L.L.Bean doesn't often have sales, but right now you can save 10% with the code WONDER10.8% off the Apple Watch UltraAppleThis isn't a huge deal for the Apple Watch Ultra, but it's the best deal we've seen for this model that was only released in September, and a discount is a discount for such a popular and expensive smartwatch.15% off the Cricut Explore Air 2WalmartThe Cricut Explore Air 2 is your personal DIY cutting machine. It flawlessly cuts designs on over 100 types of materials, including vinyl, cardstock, faux leather, adhesive foils, specialty paper, poster board and more. This isn't the lowest price we've seen, but the machine often sells for $250.32% off the Midwest Steel Pet GateChewyMidwest's reliable pet gate is an excellent solution for keeping pets safely separated from houseguests and off-limit rooms. It is available at an all-time low price right now.25% off personalized candles from Birthdate Co.Birthdate CoCurrently 25% off for Cyber Monday, this candle is customized with scents associated with your (or someone else's) birthdate. Beyond offering a custom smell, it features writing on the container that reveals personality traits around that specific birthday. Up to $35 off Aheaplus Hall Tree with Storage BenchAmazonThis discounted storage bench has plenty of shelves and hooks to maximize your space. Place it in your hallway for easy access or stick it in a closet to keep organized. When you apply the $15 coupon on the product page, you can get this at an all-time low price.23% off Apple MagSafe ChargerAmazonWhile this deal isn't as good as the $27 deal we saw a year ago, it's pretty close. At $30, it's an opportune time to get Apple's MagSafe charger to charge the iPhone 12 or newer at the fastest 15W speed they support. $11 off Black+Decker Dustbuster Lithium Hand VacuumWalmartWhile we haven't tested this model, Black+Decker handheld vacuums swept all the categories in our handheld vacuum guides. At under $25 this Cyber Monday, this is a steal for a Dustbuster.47% off Levis's Women's Faux Fur Line Hooded Parka JacketAmazonBefore the temperature drops too low, snag a jacket with a half faux fur half quilted lined interior for 33% off during Cyber Monday.48% off Amazon Smart PlugAmazonNearly half off its original price, save 48% on the smart plug that pairs with your Alexa to control the lights, fans, and appliances automatically at home or remotely when you forget to.32% off GE Top Control Built-In Tall Tub DishwasherHome DepotGE Top Control Built-In Tall Tub Dishwasher (GDT550PYRFS) is available in four colors to match your decor, operates quietly, and has impressive drying capabilities. During Home Depot's Cyber Monday sale, it's 32% off.$30 Withings Body+WithingsThe Body+ by Withings features full body composition measurements that include BMI, water percentage, muscle and bone mass, and even a pregnancy tracker. It's one of the best smart scales on the market and it's on sale for $30 off its normal price during Cyber Monday.50% off FIFA 23 (PS5)Champione, Champione, Champione, Olé, Olé, Olé!FIFA 23.The world's most popular soccer simulator is back, and this year's version will contain special content for the 2022 World Cup, including all 32 qualified teams, an online tournament mode, and customizable groups. You can get $35 off right now on the PS5 edition.24% off NutriBullet Single-Serve BlenderAmazonIf you're making smoothies for one and don't want to invest a lot of money or space in a blender, the NutriBullet Personal Blender is on sale for $20 off its usual price. It comes with a 24- and 18-ounce cup, blade, lip rings, and base. This isn't the lowest price we've seen but it's still a solid deal.$75 off Pax 3 Complete KitPax 3 VaporizerPax LabsThe Pax 3 is one of the best cannabis vapes you can buy right now, thanks to its modern, inconspicuous design, exact temperature control, and easy-to-use, single-button operation. Add in an industry-leading 10-year warranty, and this is a no-brainer for anyone looking for a go-to portable smoking solution. The complete kit is currently $75 off.$100 off Hyperice Hypervolt 2 ProHypericeThe Hypervolt 2 Pro is Hyperice's best massage gun, offering five variable speeds, three hours of battery life, and a number of swappable head attachments. It's on sale for $100 off its normal price during Cyber Monday which is one of the best deals we've ever seen for it.$30 off Chefman TurboFry Air FryerWalmartLarge enough to feed a family of at least four, Chefman TurboFry Air Fryer can churn out crispy fries, wings, and more without a ton of oil. Get it now during Cyber Monday at an all-time low price.$50 off Echo Show 5Hollis Johnson/Business InsiderIf your giftee already has the Echo Dot, you can grant this upgrade for about the same price. At almost 60% off, this model features a screen they can use for everything from content streaming to video calls.27% off Leesa Original Mattress (Queen)LeesaThough people who sleep in a variety of positions have positive things to say about it, the Leesa Mattress provides an exceptional balance of comfort and support for stomach sleepers. It's discounted by 27% during Cyber Monday.10% off KitchenAid 28-Ounce Stainless Steel Cold Brew Coffee MakerAmazonFor a straightforward way to make cold brew, the KitchenAid version is easy to store and simple to clean. It holds 28 ounces of coffee, and you can fit the whole device in your fridge.$100 off Fitbit Sense 2FitbitThe Sense 2 is Fitbit's answer to the Apple Watch, featuring temperature sensing, a built-in ECG, and advanced sleep tracking. It also offers tracking for a wide variety of activities and is compatible with smartphone notifications and some apps. It's on sale for $200 for Cyber Monday, which is $100 off its normal price.$30 off The Last of Us Part IISony"The Last of Us Part II" has sold more than four million copies since its worldwide launch, making it the fastest-selling PlayStation 4 exclusive ever. This $10 deal price matches the all-time low we've seen in the past.50% off Everlane Track PantEverlaneComplete the full tracksuit look with Everlane's Track Pants. At 50% off during Everlan's Cyber Monday sale, this is the best price we've ever seen for these.25% off Jack Black Body Lotion Energizing Gel MoisturizerJack BlackValued at $74, save big on a luxury size of the Jack Black Body Lotion at one of the lowest prices we've seen it at of $39. This deal is available all day on Cyber Monday.$20 off Fire TV Stick 4K MaxAmazonFor the most features you can get in a Fire TV Stick, the 4K Max is what you're looking for. It offers everything the 4K Stick does and more, including WI-Fi 6 support, picture-in-picture, more memory, and a better graphics processor. Down to only $35, this deal matches the best price it's seen in the past.$50 off Fitbit Charge 5FitbitPriced at an all-time low, the Charge 5 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$700 off Sleep Number i8 360 Smart BedSleep NumberIf you and your partner just can't agree on a mattress firmness, the Sleep Number 360 i8 Smart Bed allows you to cu.....»»

Category: dealsSource: nytNov 29th, 2022

Live: 315+ best Cyber Monday deals to shop now before discounts end soon

Cyber Monday comes to a close soon. Check out our list of the best 2022 sales from Amazon, Walmart, and more. Keep this page bookmarked as we'll be regularly updating this page with the latest deals.Nintendo; Amazon; Alyssa Powell/InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more.The holiday sales weekend is nearing its end but there's still time to do a bit of last-minute shopping as retailers like Amazon, Best Buy, and Walmart aren't done with the discounts quite yet. Maybe you're wanting to upgrade to a new 4K TV or are in the market for a Nintendo Switch (or the ever-elusive Sony PS5). We're even still seeing deals on noise-canceling headphones, the latest fitness trackers, and all sorts of outdoor gear, air fryers, and weighted blankets.In other words, there's something for everyone — and we'll be compiling every single must-have deal right here. Be sure to check back regularly as our expert team will be updating this page often through the end of Cyber Monday.Top Cyber Monday last-minute deals available right nowPeacock Premium: $0.99/month (80% off)Hulu x Disney+ Bundle: $4.98 per month (55% off)2021 Apple 10.2-inch iPad (64GB): $269 (Save $60)Meta Quest 2 Cyber Monday Bundle: $350 (Save $50)Apple AirPods Pro (2nd Generation): $200 (Save $50)Blink Outdoor Camera: $59 (Save $40)Roku Streaming Stick 4K (2021): $25 (Save $25)Toshiba 43-inch 4K Fire TV: $239 (Save $90)Google Pixel Watch: $299 (Save $51)Samsonite Omni Hardside Luggage (2-piece set): $149 (Save $182)$30 off Noco Boost Plus GB40 Jump StarterAmazonA portable jump starter like the Noco makes it significantly easier than jumping from another car. The current deal for this jump starter is the best price we've seen all year, with it typically going for $100.25% off Dagne Dover Landon Carryall (Large)Dagne DoverThe Landon Carryall really is "the ultimate travel buddy" — it's equipped with a luggage handle sleeve, 16-inch laptop sleeve, key leash, side snaps to expand storage when needed, water bottle pocket, and an external pocket for a phone or passport as well as plenty of internal pockets. Right now, you can get 25% off with the code BFRIYAY25 for Cyber Monday.$300 off Coway Bidetmega 400 Electronic Bidet SeatAmazonThe Coway Bidetmega 400 Electronic Bidet Seat is our top-recommended bidet. For a reasonable price, it offers all of the common high-end amenities, including a night-light, warm air dryer, and an intuitive remote controller. During Cyber Monday, it's $50 cheaper than the previous all-time low price.$30 off Anker 521 Magnetic Battery for iPhone 12 and 13AmazonThe Anker 521 Magnetic Battery seamlessly charges the iPhone 12 and 13 lineups and is a handy accessory to take with you on the go. It comes in four different colors to choose your favorite from. Currently down to $20, this is an all-time low for Cyber Monday.45% off Crayola Ultimate Light BoardTargetThis Crayola lightboard turns every drawing into a glow-in-the-dark masterpiece and can be wiped clean and reused endlessly. It comes in a stand that makes it easy to display, but also comes with storage that makes it travel-friendly. On sale for just $20, it's a kid's gift that's hard to top.$20 off IT Cosmetics Confidence in an Eye CreamMacy'sIt Cosmetics' Confidence in an Eye Cream was clinically tested to gently hydrate your delicate eye area and is suitable for all skin types. For Cyber Monday, our favorite hydrating eye cream is 50% off.20% off Espro P1 Travel Coffee PressAmazonBrew your coffee on the go with the Espro Travel Coffee Press, the travel mug with a French press built in. The P1's microfilter makes it a streamlined and leakproof coffee brewing experience. We named it the top travel pick in our guide to the best French presses. During Cyber Monday, you can get it for an all-time low price.50% off MSI 27-inch Curved Gaming MonitorAmazonWith a 170Hz refresh rate, this MSI monitor is slightly better than the usual 165Hz you see on similarly priced computers. It's also got an incredibly thin frame and Full HD resolution. But the most impressive part of this monitor is the price: During Cyber Monday, it's only $250, which is a fantastic deal.$66 off Allbirds Men's Tree FlyersAllbirdsDesigned to be Allbirds' first performance running sneaker for long-distance, the Tree Flyer is easily the most technical sneaker from the brand. The lightweight SwiftFoam insole reduces impact and we found the Tree Flyer's comfort is unrivaled. Save $66 this Cyber Monday.$50 off JBL Tune 230NC True Wireless Noise Cancelling In-Ear EarbudsAmazonJBL's affordable Tune 230NC earbuds offer active noise cancellation, great bass, and up to 40 hours of battery life on one charge. They're also water-resistant and sweatproof. This 50% discount for Cyber Monday is the lowest price we've seen since they were released last year.$123 off Vitamix One BlenderAmazonThe Vitamix One is the most pared-down and affordable blender the brand makes, and if you're not making hot soups, nut butters, or grinding grains, it's all you'll ever need. During Cyber Monday, it's at an all-time low price over at Amazon when you apply the $22.50 coupon before adding it to your cart.$55 off Waterpik Aquarius Water FlosserAmazonThis water flosser removes up to 99.9% of plaque from treated areas and is up to 50% more effective than floss. It also has a massage mode for gum stimulation and 10 pressure settings. It's typically closer to $70, but right now it's $45, a great place on a product Insider Reviews editors tend to snag for themselves during deal days. Read our review of the best water flossers and flossing alternatives. 36% off Sunbeam Heated Electric Throw BlanketWalmartSunbeam is hands down the most popular brand if you're in the market for a cozy heated blanket. Its fleece-heated throw is machine washable, comes with three heat settings, and shuts after three hours for safety. Right now, it's marked down to its lowest price in more than a year. Read our guide to the best electric heated blankets.  $30 off Bosch PS31-2A 12-Volt Drill/DriverBoschThe Bosch PS31-2A 12V is small and lightweight, the perfect tool to have on hand to tackle most light-duty household tasks. Often priced between $100 and $120, it's currently on sale for under $90. Read more about it in our guide to the best cordless drills.26% off Epicka Universal Travel AdapterAmazonEpicka's all-in-one adapter is a handy international travel plug that works in more than 150 countries. It's designed for phones, laptops, and other smaller devices and has six charging ports: four USB ports, one USB-C port, and one universal AC socket. It's on sale at its lowest price right now.40% off Everlane Cashmere CrewEverlaneEverlane's Cashmere Crew is a backbone for fall and winter wardrobes thanks to its mix of quality and affordability. It's warm, soft, lightweight, and extremely versatile. The sweater is available in four neutral hues and sizes XXS to XXL. For Cyber Monday, you get 40% off the Crew and many of our favorite pieces from Everlane.$20 off OXO Brew Conical Burr Coffee GrinderOwen Burke/InsiderOXO's Conical Burr Grinder is excellent for French press, drip, or pour-over enthusiasts who are ready to trade in their blade grinder for an entry-level burr grinder. Read more about it in our guide to the best coffee grinders. Right now, you can pick it up for $80, a price drop we've only seen twice this year. $25 off Nvidia Shield TV 4KAmazonThe regular Nvidia Shield model isn't as powerful as the Pro version, but it's still a very capable Android streaming device with access to every major service. It also features a unique, compact tube-shaped design that makes it easy to hide out of sight. At $125, this deal price matches the lowest we've ever seen on one of our favorite streaming boxes.$18 off Hopopro High-Pressure ShowerheadAmazonThe low price tag and an impressive variety of spray settings make the Hopopro High-Pressure Showerhead and its 1.81 GPM flow rate a great budget choice. It's only a dollar off the lowest price ever during Amazon's Cyber Monday event. Read more about it in our guide to the best shower heads.$19 off Stasher Bags On-the-Go 6-PackAmazonStasher's reusable bags and bowls are leak free with a patented Pinch-Loc seal and made with incredibly durable, food-grade platinum silicone. Plus, they come in a pleasing palette of colors that are sure to spark joy every time they are used. This sale brings the giftable eco-friendly set down to under $50.60% off Lands' End Essential Down Comforter (Queen)Land's EndIf you tend to overheat at night, the Lands' End Essential Down Comforter, which has a lower fill power than average, offers temperature regulation that will keep you cozy and comfortable without sweating. In fact, we named it the best for hot sleepers in our comforters buying guide. We haven't seen this deal before, and you can't beat more than 50% off.$500 off Hisense 55-inch U7H 4K QLED TVBest BuyThis is one of the best 55-inch 4K TVs you can get for the money, even at full price. The Hisense U7H has advanced picture features, like quantum dots and local dimming, for a lot less than the competition. At this deal price, the TV is an even better value.32% off Coleman SaluSpa Four-Person Hot TubAmazonThe small but mighty Coleman SaluSpa Four-Person Hot Tub is our budget pick for inflatable hot tubs. It sports a sturdy frame, heats up quickly, and produces effective bubbles. It's usually priced around $500, and this is the lowest price we've seen all year.65% off Otterbox Defender Series Pro Hard Shell for Apple iPhone 14 PlusBest BuyThe Otterbox Defender Series case will provide the ultimate protection for your iPhone. Such assurance usually costs over $50, so this $19 deal makes it an easy recommendation if you want to give your phone the best protection possible.$49 off Lululemon City Adventurer BackpackLululemonWith an expandable pocket for sweaty clothes and a laptop sleeve, this backpack was designed to get you from work to your workout. It's down from $128 to $79 for this rare Cyber Monday deal. Check out our roundup of more Lululemon deals.$15 off Rabbit Vertical Lever CorkscrewAmazonFeaturing stainless steel construction and a comfortable, textured grip, the Rabbit Vertical Lever Corkscrew makes removing corks easy with a single pulling motion. Our top-rated lever corkscrew is now on sale for $35, matching the lowest price we've seen all year.25% off Simplehuman Dual Compartment Rectangular Recycler Trash CanWalmartSimplehuman's Dual Compartment step can is made of durable stainless steel. Its sturdy steel pedal and smooth-closing lid make it easy to dispose of trash and recyclables. Typically, you'll pay the list price. Right now, the price is down to an all-time low that we haven't seen since this time last year. Read our full review of the Simplehuman Dual Compartment Trash can.25% off Nemo Stargaze Recliner Luxury ChairNemoThe Nemo Stargaze Recliner is almost comfortable enough to use in your living room. Made of water-resistant mesh and with a 300-pound weight capacity, it's perfect for your next bonfire or outdoor movie night. It weighs just over 6 pounds, so it's fairly portable, too. It's currently on sale for over $62 off during REI's Cyber Week sale.$22 off Anker 735 ChargerAmazonThis charging base delivers enough power to laptops and fast-charge phones, with 2 USB-C ports and one USB-A port. The charger's prongs can be folded when not in use for easy transport, too.$52 off Sony WH-1000XM5Antonio Villas-Boas/InsiderIf you're looking for the latest and greatest in noise-canceling technology, look no further than Sony's WH-1000XM5s. The XM5s are an excellent refresh over previous models in Sony's highly rated XM series with upgraded drivers as well as improved noise reduction during phone calls. Pick them up for $52 off during the Cyber Monday sale.$81 off K&H Pet Products Outdoor Heated Kitty House Cat ShelterChewyThis cozy cat house keeps your feline friends extra warm and is easy to assemble and break down, making it a breeze to pick and move it wherever you need. We're huge fans of this one here at Insider Reviews, having previously named it the best outdoor heated cat shelter. During Cyber Monday, it's on sale for $81 off its normal price, making it an excellent deal.$40 off We-Vibe ChorusWe-VibeAn excellent sex toy for couples, the Chorus from We-Vibe sports a C-shaped design, two vibrating arms, and a squeeze remote for added ease of use. It also pairs with the We-Connect app for long-distance play. It's currently a steal at 20% off as part of We-Vibe's sitewide sale.34% off Amazon Basics Dog Poop Bags with DispenserAmazonIf you're a dog owner, you know that dog poop bags are a constant necessity for walks and yard cleanup. Right now, the Amazon Basics brand is discounted to only $13 for a pack of 300 — an excellent deal and the best price we've seen for them all year.$48 off Lego Harry Potter and Hermione GrangerLegoThese aren't Lego mini figures of two of the most popular Harry Potter characters. They're giant versions made entirely out of Lego, and they're movable once constructed. They're 40% off for Cyber Monday, so get them before they're retired.$100 Apple Gift Card + $15 Target Gift CardTargetWhether you're shopping for yourself or as a gift, this is a value-packed offer. By buying a $100 Apple Gift Card, usable for device or app purchases, shoppers can now get a free $15 Target Gift Card. If you need stocking stuffers or just plan to shop from either retailer in the future, you can't miss this deal.10% off L.L.Bean Percale Sheet Set (Queen)L.L.BeanThese are our favorite sheets after testing dozens of sets. L.L.Bean doesn't often have sales, but right now you can save 10% with the code WONDER10.8% off the Apple Watch UltraAppleThis isn't a huge deal for the Apple Watch Ultra, but it's the best deal we've seen for this model that was only released in September, and a discount is a discount for such a popular and expensive smartwatch.15% off the Cricut Explore Air 2WalmartThe Cricut Explore Air 2 is your personal DIY cutting machine. It flawlessly cuts designs on over 100 types of materials, including vinyl, cardstock, faux leather, adhesive foils, specialty paper, poster board and more. This isn't the lowest price we've seen, but the machine often sells for $250.32% off the Midwest Steel Pet GateChewyMidwest's reliable pet gate is an excellent solution for keeping pets safely separated from houseguests and off-limit rooms. It is available at an all-time low price right now.25% off personalized candles from Birthdate Co.Birthdate CoCurrently 25% off for Cyber Monday, this candle is customized with scents associated with your (or someone else's) birthdate. Beyond offering a custom smell, it features writing on the container that reveals personality traits around that specific birthday. Up to $35 off Aheaplus Hall Tree with Storage BenchAmazonThis discounted storage bench has plenty of shelves and hooks to maximize your space. Place it in your hallway for easy access or stick it in a closet to keep organized. When you apply the $15 coupon on the product page, you can get this at an all-time low price.23% off Apple MagSafe ChargerAmazonWhile this deal isn't as good as the $27 deal we saw a year ago, it's pretty close. At $30, it's an opportune time to get Apple's MagSafe charger to charge the iPhone 12 or newer at the fastest 15W speed they support. $11 off Black+Decker Dustbuster Lithium Hand VacuumWalmartWhile we haven't tested this model, Black+Decker handheld vacuums swept all the categories in our handheld vacuum guides. At under $25 this Cyber Monday, this is a steal for a Dustbuster.47% off Levis's Women's Faux Fur Line Hooded Parka JacketAmazonBefore the temperature drops too low, snag a jacket with a half faux fur half quilted lined interior for 33% off during Cyber Monday.48% off Amazon Smart PlugAmazonNearly half off its original price, save 48% on the smart plug that pairs with your Alexa to control the lights, fans, and appliances automatically at home or remotely when you forget to.32% off GE Top Control Built-In Tall Tub DishwasherHome DepotGE Top Control Built-In Tall Tub Dishwasher (GDT550PYRFS) is available in four colors to match your decor, operates quietly, and has impressive drying capabilities. During Home Depot's Cyber Monday sale, it's 32% off.$30 Withings Body+WithingsThe Body+ by Withings features full body composition measurements that include BMI, water percentage, muscle and bone mass, and even a pregnancy tracker. It's one of the best smart scales on the market and it's on sale for $30 off its normal price during Cyber Monday.50% off FIFA 23 (PS5)Champione, Champione, Champione, Olé, Olé, Olé!FIFA 23.The world's most popular soccer simulator is back, and this year's version will contain special content for the 2022 World Cup, including all 32 qualified teams, an online tournament mode, and customizable groups. You can get $35 off right now on the PS5 edition.24% off NutriBullet Single-Serve BlenderAmazonIf you're making smoothies for one and don't want to invest a lot of money or space in a blender, the NutriBullet Personal Blender is on sale for $20 off its usual price. It comes with a 24- and 18-ounce cup, blade, lip rings, and base. This isn't the lowest price we've seen but it's still a solid deal.$75 off Pax 3 Complete KitPax 3 VaporizerPax LabsThe Pax 3 is one of the best cannabis vapes you can buy right now, thanks to its modern, inconspicuous design, exact temperature control, and easy-to-use, single-button operation. Add in an industry-leading 10-year warranty, and this is a no-brainer for anyone looking for a go-to portable smoking solution. The complete kit is currently $75 off.$100 off Hyperice Hypervolt 2 ProHypericeThe Hypervolt 2 Pro is Hyperice's best massage gun, offering five variable speeds, three hours of battery life, and a number of swappable head attachments. It's on sale for $100 off its normal price during Cyber Monday which is one of the best deals we've ever seen for it.$30 off Chefman TurboFry Air FryerWalmartLarge enough to feed a family of at least four, Chefman TurboFry Air Fryer can churn out crispy fries, wings, and more without a ton of oil. Get it now during Cyber Monday at an all-time low price.$50 off Echo Show 5Hollis Johnson/Business InsiderIf your giftee already has the Echo Dot, you can grant this upgrade for about the same price. At almost 60% off, this model features a screen they can use for everything from content streaming to video calls.27% off Leesa Original Mattress (Queen)LeesaThough people who sleep in a variety of positions have positive things to say about it, the Leesa Mattress provides an exceptional balance of comfort and support for stomach sleepers. It's discounted by 27% during Cyber Monday.10% off KitchenAid 28-Ounce Stainless Steel Cold Brew Coffee MakerAmazonFor a straightforward way to make cold brew, the KitchenAid version is easy to store and simple to clean. It holds 28 ounces of coffee, and you can fit the whole device in your fridge.$100 off Fitbit Sense 2FitbitThe Sense 2 is Fitbit's answer to the Apple Watch, featuring temperature sensing, a built-in ECG, and advanced sleep tracking. It also offers tracking for a wide variety of activities and is compatible with smartphone notifications and some apps. It's on sale for $200 for Cyber Monday, which is $100 off its normal price.$30 off The Last of Us Part IISony"The Last of Us Part II" has sold more than four million copies since its worldwide launch, making it the fastest-selling PlayStation 4 exclusive ever. This $10 deal price matches the all-time low we've seen in the past.50% off Everlane Track PantEverlaneComplete the full tracksuit look with Everlane's Track Pants. At 50% off during Everlan's Cyber Monday sale, this is the best price we've ever seen for these.25% off Jack Black Body Lotion Energizing Gel MoisturizerJack BlackValued at $74, save big on a luxury size of the Jack Black Body Lotion at one of the lowest prices we've seen it at of $39. This deal is available all day on Cyber Monday.$20 off Fire TV Stick 4K MaxAmazonFor the most features you can get in a Fire TV Stick, the 4K Max is what you're looking for. It offers everything the 4K Stick does and more, including WI-Fi 6 support, picture-in-picture, more memory, and a better graphics processor. Down to only $35, this deal matches the best price it's seen in the past.$50 off Fitbit Charge 5FitbitPriced at an all-time low, the Charge 5 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$700 off Sleep Number i8 360 Smart BedSleep NumberIf you and your partner just can't agree on a mattress firmness, the Sleep Number 360 i8 Smart Bed allows you to cu.....»»

Category: personnelSource: nytNov 28th, 2022

How to Make the Most of Black Friday Without Becoming Overwhelmed

The official start of the holiday shopping season begins with Black Friday on Nov. 25. Here's how to get the best deals without the stress. Holiday shopping season will officially begin this week with the Black Friday sales on Nov. 25. Typically the busiest shopping day of the year, the sale event has extended to become a multiple-day promotion for many retailers, extending into Cyber Monday—aimed at encouraging e-commerce driven purchases—and sometimes beyond. Navigating these sales for bargains and holiday gifts can be stressful, with several competing deals and offers to sort through. Meanwhile, some shoppers find that they end up with buyers’ remorse when they get swept up in the hunt for deals. [time-brightcove not-tgx=”true”] Read More: Why We Buy Things We Don’t Need TIME spoke to shopping and personal finance experts about how to ensure that you spend wisely. They shared their advice for getting the best deals without the stress. Be realistic and budget Much of the stress around the holidays comes from the desire to match gift-giving expectations for those you care about. But especially if you have children, it’s important to ensure that you don’t overextend yourself. “It’s really important for people to dial it back and focus on what it is that you can personally afford this year, and stay within that realm,” says Trae Bodge, Smart Shopping Expert at truetrade.com. “Give yourself grace,” says Tori Dunlap, entrepreneur and person behind the account @herfirst100k on TikTok. Budgeting does not have to be a strict restriction, but rather a guardrail that will make sure you are shopping with purpose. “It’s the permission slip, you need to spend money without feeling guilty,” Dunlap says. Budgeting during the holiday season can simply be a list of who you need presents for, potential gift ideas and the amount you’d like to spend on the gift. If you can see you don’t have the income to purchase a gift for everyone in the family, be honest with family and friends on how things stand financially, or suggest alternatives like a Secret Santa or White Elephant, says Bodge. In order to gauge how much they should expect to spend this year, Dunlap suggests shoppers look at last year’s budget and how they dealt with it. She says that thinking about whether you brought credit card debt into this year with you and considering how your financial situation has changed can help to shape how much you expect to spend in the upcoming holiday season. Shop smarter Several big retailers, like Target, Walmart and Best Buy, offer their Black Friday deals online ahead of Thanksgiving. If you are worried about not being able to purchase items due to increased online traffic and possible website crashes, you should check out deals before Black Friday. Target, for example, is offering daily and weekly deals, some of which are exclusively available online. Daily deals will occur through Dec. 24 while supplies last, the retailer said in a statement. Shoppers can also take advantage of curbside pickup on select items and locations at stores including Macy’s, Kohl’s and JCPenney. Same or next-day delivery is also available at certain department stores. While in-person shopping is useful for products that need to be seen first-hand, online shopping often offers a greater selection of items in terms of size or color, and makes it much easier to save. Bodge and Dunlap both recommend downloading the Paypal Honey browser extension, which finds coupons and other offers for shoppers. Honey also tracks an item’s historical pricing, making it easier to see if the price of an item actually went down during Black Friday weekend. The Paypal Honey extension is also available for mobile browsers like Safari, as well as through an app. Greg Lisiewski, Vice President of PayPal Shopping told TIME that he recommends using the extension if you’re just browsing online, while the app is more useful if you know exactly what you want to purchase. “You can actually put in the product name and we’ll do the pricing at different merchants… instead of having to bounce around from site to site.” If you do choose to order online, Bodge suggests you place your order by Dec. 14, since that’s the last official day that retailers can guarantee that your order will arrive before the holidays. Make store policies work for you Holiday return policy varies from store to store, but most retailers allow shoppers to return items purchased during this time of year through January. Best Buy, for instance, is allowing customers to return any gifts purchased between Oct. 24 and Dec. 31 until Jan. 14, while Amazon is extending returns until Jan. 31. It’s also worthwhile to consider joining a retailer’s free loyalty program, which grants access to exclusive discounts ahead of time. Stores also offer holiday price match guarantees, which will lower the price of an item if you find an identical item for less at a retail competitor. This can be done at time of purchase, or often after you’ve bought the product—typically you would need to present a proof of purchase for this. Stores like Target also match Target.com prices with in-store purchases. Although sales are already available and last through the holidays, Bodge says that shoppers can find the best deals for small home appliances, like security cameras and robotic vacuums, on Black Friday. Bargains for electronics (laptops, tablets, etc.) are strong from Black Friday through Cyber Monday. Take a beat—and watch out for predatory behavior Retailers can often create a sense of urgency with doorbuster deals, or advertisements that say supply is limited. This can encourage shoppers to panic buy and overspend on things they don’t need, Bodge tells TIME. “Setting a budget for yourself can [also] be really helpful,” Bodge says. “If you don’t have yourself on your list and set a budget for yourself, you might fall into [a trap] of one [gift] for them, one for me, that causes a lot of people to go over budget.” Dunlap also asks people to think strategically about how they spend their money. Responsible users should use their credit cards as the main way to purchase items to maximize the amount of points, Air Miles and other possible cashback offers for select stores. Shoppers should not, however, depend on credit cards, or online offers like Buy Now Pay Later if they won’t be able to pay back what they have borrowed within a reasonable amount of time to avoid interest accruing. Dunlap also advises against acquiring store credit cards, unless shoppers genuinely purchase or spend a lot of money with those retailers. “Please be aware that a lot of these stores, when presenting their credit card to you, will call them something like a rewards card. This is not a rewards card,” Dunlap says. “This is a credit card and store rewards cards tend to have higher interest rates. So if you are a person who was not able to pay off the credit cards on time and in full, a rewards card is going to hurt you.” Do your research and look beyond the big retailers Customers should also look to their existing accounts to ensure they are getting the best deals. “Make sure that you’re aware of the offers that your credit cards might have,” Bodge tells TIME. It’s also worth looking into perks and offers retailers might provide to incentivize customers to choose them over their competitors even if items are priced the same, such as an additional gift card with your purchase, says Bodge. Now is also a good time to think about supporting smaller retailers while still getting a deal, and maybe even finding something more unique than you’d get elsewhere. Small Business Saturday, a marketing initiative aimed at encouraging shoppers to support these sellers, falls on Nov. 26 this year. “You have more purchasing power during holidays than you do any other time of the year and small businesses, women-owned businesses…[these] people need those dollars most so you can vote with your dollars every day of the year, but especially during the holiday,” Dunlap tells TIME......»»

Category: topSource: timeNov 22nd, 2022

Survey – Only 3 Out Of 10 Retirees Not Worrid About Inflation On Their Savings. 70% Running Out

How worried are you about inflation? ‌You probably have a positive outlook about retiring comfortably if you’re in the majority of Americans. Those are the results of the 32nd annual Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Greenwald Research in January, polling 2,677 workers and retirees. Q1 2022 hedge fund letters, […] How worried are you about inflation? ‌You probably have a positive outlook about retiring comfortably if you’re in the majority of Americans. Those are the results of the 32nd annual Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Greenwald Research in January, polling 2,677 workers and retirees. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more “Even with the concerns of the pandemic and rising prices, overall, American workers and retirees still feel positive about their retirements,” said Craig Copeland, director of wealth benefits research at EBRI. Results of the 2022 survey are nearly unchanged from the 2021 survey, with nearly 7 out of 10 workers reporting they are “somewhat confident” about retirement savings — ‌with nearly one-third reporting they are “very confident.” According to the survey, about 8 out of 10 retirees believe they can survive their golden years comfortably. ‌However, the pandemic ‌dampened optimism for a third of workers and a quarter‌ ‌of‌ ‌retirees. “The Americans who are more likely to feel that their futures appear grim since the pandemic are those who were already pessimistic about their futures, due to lower incomes, problems with debt or lower health status,” said Copeland. It’s not surprising that inflation and rising expenses are workers’ and retirees’ top concerns when it comes to retiring. ‌In‌ ‌fact, according to recent Fidelity data, 71% of Americans are concerned about inflation impacting their retirement readiness. And, for good reason. Why Inflation Has You Worried About Retirement From food to housing, everything is becoming more expensive. ‌A measure of price increases, the Consumer Price Index, rose 8.3% from a year earlier in April 2022. In addition to the findings from Fidelity, Pew Research reports that 70% of Americans ‌see inflation as “a very big problem” for the country. “Meanwhile, some older adults are choosing to put off retiring,” writes Michelle Fox for CNBC. “Thirteen percent of Gen Xers and baby boomers said they’ve postponed or considered delaying plans to leave the workforce because of rising costs, a survey from the Nationwide Retirement Institute found.” An unstable stock market could also make those saving for retirement rethink their investment strategies. ‌In addition, higher inflation could erode the value of Social Security checks, pension payments,‌ ‌and‌ ‌401(k)‌ ‌savings. It’s no secret that even in normal times, retirees who are preparing for retirement or who have already retired are concerned‌ ‌about‌ ‌running‌ ‌out‌ ‌of‌ ‌money. Inflation only amplifies those concerns. ‌Regardless of how well people plan, inflation is an uncontrollable variable that makes retirement planning difficult. Quite simply, inflation is the nemesis of fixed incomes. But, there are ways to protect your retirement savings from inflations. How to Fight Back Against Inflation and Make Your Money Last in Retirement Adjust for inflation. Those with steady wages might not feel the effect of inflation when they’re working, notes Cameron Huddleston for GoBanking Rates. ‌As such, inflation might not affect your retirement savings plan. “On average in the USA, we see that the prices of goods and services rise by 3% per year,” said Michael Hardy, a certified financial planner and vice president at Mollot & Hardy in Amherst, New York. “This means that over a 20-year time period, your $100,000 of retirement savings will likely be worth 60% less in terms of buying power 60% less.” For those who failed to factor inflation into their retirement calculations, they may need to spend more than they‌ ‌‌‌estimated “I find that most people fail to account for this change and it ends up costing them dearly years later,” Harday said. Along with saving more to prepare for inflation, delaying your Social Security benefits may also be an option. ‌ When you wait until 70 to claim Social Security, you can maximize your benefits. ‌The Social Security Administration’s cost-of-living adjustment, which is an inflation-adjustment for benefits, will also be applied to your bigger monthly check. “Now a greater proportion of your income will be inflation-adjusted,” said Dave Littell, professor emeritus of taxation at The American College. Keep calm and invest on. The level of inflation is the highest ‌ since the 1980s. ‌Higher inflation rates could quickly drop or be a longer term problem.‌Higher inflation rates could quickly drop or be a longer term problem. “Retirees are in a tough spot,” Darrell Pacheco, a certified financial planner in Charlottesville, Va., who runs a business helping employees make better financial decisions, told NPR. ‌According to him, people are scared by all the attention paid to inflation. “And when it comes to folks and their money, we know that high anxiety usually tends to lead us to make bad decisions,” he says. ‌ For example, panicking and dumping stocks. “Your best hedge against inflation is to remain invested,” Pacheco says. “Period.” Why? ‌Compared to bonds, stocks have a much higher rate of return over time. ‌Although U.S. stocks have fallen some lately, they’re still up over 10% from a year ago and a lot more since then. When it comes to retirement savings and investments, Pacheco says, “stick with your plan.” Are you unsure of whether you‌ ‌invested‌ ‌properly? ‌Investing should consist of a broad mix of investments appropriate for each individual’s age, says Pacheco. ‌Investing in target date funds is one way to make that happen.‌ Investing in target date funds is one way to make that happen. As you age, these may become less risky and can have low fees. “Target date funds are incredible vehicles … one of the best vehicles ever created,” Pacheco explains. “For many investors, that actually is a great all-in-one option.” Other investment options? Treasury inflation-protected securities. They’ll keep up‌ ‌with‌ ‌inflation. ‌ You can also hedge against inflation with real estate, commodities, and precious metals. Adopt a sustainable withdrawal rate mentality. In retirement, the sustainable withdrawal rate reflects the estimated percent of savings that you can withdraw annually‌ ‌without‌ ‌running‌ ‌out‌ ‌of‌ ‌money, explains Fidelity. By looking at history and simulating multiple outcomes, the experts at Fidelity came to the following conclusion. ‌Ideally, you should withdraw no more than 4% to 5% of your savings in the first year of retirement, and then adjust the amount every year for inflation. This should help to ensure that you are able to cover a consistent amount of expenses in retirement (i.e., it should work 90% of the time). It’s possible for your situation to differ. ‌ If you plan to travel extensively in retirement, you might withdraw more when you are young, and less when you are older. ‌In addition, there are factors outside of your control, such as how long you live, inflation, and the long-term return on ‌ ‌markets. However, this 4%-to-5% range can serve as a handy guideline when‌ ‌planning. Here’s‌ ‌a‌ ‌hypothetical‌ ‌example. ‌A 67-year-old man retires with $500,000 in retirement funds. ‌Each year, he withdraws 4%, or $20,000. ‌As he plans to withdraw an equivalent amount of inflation-adjusted savings over the remainder of his retirement, this $20,000 sets his baseline. His annual increase is based on inflation–regardless of how the market performs or what his investments are worth. Don’t keep too much cash on hand. For everyday expenses, emergencies, and large purchases, we all need cash on hand. ‌Cash, however, might not be the best long-term investment, especially when inflation is skyhigh. ‌With each passing year, inflation reduces the amount of goods and services you can buy with your money. Consider investing some of the extra cash you have in long-term investments that will ensure your buying power over the long run. ‌A good rule of thumb is to keep 3 to 6 months’‌ ‌worth‌ ‌of‌ ‌expenses‌ ‌in‌ ‌an emergency‌ ‌fund. ‌However, if you have more saved up, you’re probably better off investing‌ ‌it in something like Series I savings bonds. The U.S. government sells and backs I bonds, which have never defaulted. ‌It is impossible to lose money on I bonds unless the government collapses. In addition, Series I bonds keep up with inflation. For example, in November 2021, the Treasury announced an astounding 7.12% interest rate through April 2022. ‌These investments have never shown such high rates for this period. ‌To put that in perspective, almost all high-yield savings accounts and certificates of deposit pay less than 1.5% annual interest. ‌ The problem? We don’t know if I bonds will continue to pay‌ ‌7%‌ ‌after‌ ‌April. ‌After all, every six months, interest rates are adjusted for inflation. ‌As a result, they may rise or fall. Aim to get out‌ ‌of‌ ‌debt. Inflation in real estate taxes is a major concern for many investors. ‌However, it should actually ‌be‌ ‌‌‌rising debt loads. ‌An unprecedented number of older Americans still owe money on their mortgages, credit cards, and even ‌student‌ ‌loans. ‌The ‌Government Accountability Office found that the proportion of older households with debt increased from 58 percent in 1989 to 71 percent in 2016. There was also a substantial increase in the median amount of debt for older households with debt in 2016 ($55,300 in real 2016 dollars) compared with 1989 ($18,900). As a result, the share of older households with credit card, mortgage, and student loan debt was significantly higher in 2016 compared with ‌1989. When inflation rises, this debt will become even more of a financial burden. ‌Also, if it’s adjustable rate debt, such as a mortgage, that isn’t on a fixed rate-any inflation could be devastating. As such, anyone who is worried about late-life inflation should pay off their debt as soon as possible. Some suggestions include; You can pay off your loan faster if you make extra payments consistently. For instance, paying more than the minimum payment due or making multiple payments a month. Paying off your most expensive debt first. ‌If you do so, you reduce the amount of interest you pay and your total debt decreases. Alternatively, consider the snowball method. If you start with the smallest balance, you’re going to pay that off first, then roll the payment onto your next smallest balance, etc. You may be able to pay off your debt more quickly by refinancing to a shorter term. You may be able to repay debt faster if you consolidate high-interest rate loans or credit card balances into one loan with lower interest rates. Consider healthcare costs. “Medical care is one of those things that doesn’t really seem to go on sale – ever see a 2-for-1 offer on X-rays?,” asks the Marcus by Goldman Sachs team. ‌As we age, health care costs become a more important expense to consider when it comes to retirement, since the more money we spend on health care, the more we cost. Aside from taking up more of our budgets, medical costs generally tend to increase. ‌According to Health Affairs, a peer-reviewed health policy journal, health costs will increase by 4.1% on average between 2021 and 2023, not just for ‌older‌ ‌Americans. ‌This doesn’t even account for‌ ‌inflation. It may be possible to mitigate the impact health care has on your retirement funds with a little planning. Contrary to investing, where you aim to maximize returns, health care strategies are more about finding ways to save money outright (for example, by opening a health savings account) or get help with paying for health care, like ‌Medicare. The following are some considerations: If you have an HSA, maximize your contributions. You can use a Health Savings Account to set aside money for health care expenses in retirement, though it is not an inflation hedge. ‌Withdrawals from HSAs are tax-free as long as they’re used for approved medical‌ ‌expenses. ‌For singles with a high-deductible health plan in 2021, you can contribute $3,600 ($3,650 in 2022); for families, $7,200 ($7,300 in 2022). Stay on top of Medicare. You can enroll in Medicare after you‌ ‌turn‌ ‌65. ‌The plan can be combined with other medical insurance. ‌If you wait to enroll, you may have to pay higher premiums. Before you retire, consider long-term care insurance (or an alternative). There’s no direct way to stop inflation. However, it can help stretch your hard-earned dollars. A long-term health insurance policy covers care for the elderly, like adult daycare or assisted living facilities. Take advantage of‌ ‌annuity-based‌ ‌products. “One of the biggest misconceptions many people have is that retirement simply means living off of their pension, Social Security, or retirement savings,” states Pierre Raymond, a 25-year veteran of the Financial Services industry . “While this may be the case for a minority of people, the latter reveals that some Americans have still not placed any stress on their financial future when they reach the age of retirement.” In order to make things easier, some retirees may invest in various stocks and portfolios or consider taking out annuities that will provide them with monthly payments throughout their entire ‌lives. It isn’t as farfetched as it was a few years ago to find investment and savings products. “Companies and platforms such as Due have changed the game completely, making it easier, and more secure for any person to invest in their retirement,” adds Raymond. With Due, individuals can decide how much money they’re willing to invest (as it requires a lump sum and monthly payments), what their monthly installment will be, and the better you plan, the higher your monthly payout will be. “While annuities may have not been very popular over the last few years, baby boomers, and now millennials are understanding how they can grow their wealth with the help of annuity products,” he says. Put off major purchases. Jay Zigmont, a CFP and founder of Mississippi-based financial firm Live, Learn, Plan, says to put off major purchases now, especially on a new car. “If your car works and gets you to” point A to B,” then stick with it,” he says. Consumer price index data shows that new car prices inched upward 11.1% last year, even though auto loan rates are low. ‌Over the past year, used cars have seen their inflation rate rise by 31.4%. ‌Zigmont‌ ‌suggests that car prices are getting out of touch with reality, and consumers ought to ask themselves if they truly need a new car. “Try paying for a complete detailing of your car and it will feel new to you without the sticker shock,” he suggests. Rather than shopping around for another lease when a car lease is about to expire, financial planner Chris Diodato suggests purchasing the car. ‌According to Diodato, a CFP and founder of Florida-based WELLth Financial Planning, the initial lease contracts indicate purchase prices far below current resale values. Keep bringing home the bacon. How can you conserve‌ ‌your‌ ‌capital? ‌Continue to earn money. ‌In the end, every dollar you earn in retirement is a dollar you won’t need‌ ‌to‌ ‌withdraw. However, that does not mean you have to stay in your 9-to-5 job you’ve been hoping to quit as soon as possible. Maybe you could get back on your hours and work part-time. If you’re already retired, you could make money as a consultant, freelancer, or join the gig economy. If you have grandkids, you could offer to babysit. Speak with a professional‌ ‌financial‌ ‌planner. Having a financial professional by your side can help you prepare a good strategy and test out possible‌ ‌scenarios. They can also help you update your plan on a regular basis to reflect changes to the market and your goals. Lastly, there isn’t enough serious discussion about changing inflation expectations among financial planners. Take retirement seriously and don’t let complacency creep in.‌ ‌If you want to have a successful retirement, revise your assumptions and get the right guidance. Frequently Asked Questions What is inflation? When our money loses its purchasing power, we’re experiencing inflation. ‌Inflation occurs when product and service prices increase. For‌ ‌example,‌ ‌a‌ ‌gallon‌ ‌of‌ ‌gas‌ ‌now tops $4; last year it cost around $3. In other words, filling your gas tank has been more expensive. Economies refer to the “inflation rate.” ‌This is the rate at which the cost of various consumer goods increases. ‌We have had an inflation rate of about 3% for the last 20 years. Inflation in the United States was 8.3% for the 12 months ended April 2022, down from 8.5% the previous year, based on Labor Department data published May 11. What causes inflation? It’s easy to divide inflation into two types: demand-pull inflation ‌and cost-push‌ ‌inflation. ‌These phrases may sound strange to you. But, they reflect experiences that many of us have experienced. In a cost-push, prices rise when costs go up, like wages or materials. ‌As a result of these higher costs, prices go up, which adds to‌ ‌the‌ ‌cost‌ ‌of‌ ‌living. Consumers have resilient interest in a particular service or good, which generates demand-pull inflation. Various factors may contribute to such a demand, such as a low unemployment rate, a high savings rate, or a high level of consumer‌ ‌confidence. ‌As demand for products increases, companies produce more to keep up, which, in turn, could result in price increases and product shortages. How much money can inflation cost retirees? It is astonishing how much inflation can cost retirees in terms of actual dollars. Over a period of 20 years, LIMRA Secure Retirement Institute calculated the effect of inflation on the average Social Security benefit. ‌One percent inflation could wipe out $34,406 in retirees’ benefits, according to the research. ‌In the event of a 3% increase in inflation, the shortfall would amount to‌ ‌more‌ ‌than $117,000 What can retirees do to mitigate inflation’s impact? There are ways to minimize the impact of inflation on your retirement, despite the fact that you can’t directly alter it. A logical start would be to cut costs on housing, for example. ‌The cost of property taxes, utilities, homeowners insurance, and maintenance gets cheaper when you move from a large to a smaller house. And, that’s true even if you’ve paid off your mortgage. Additionally, you should add investments to your portfolio that are likely to rise in value over time. ‌For instance, a real estate investment trust (REIT). Or, stock in the energy sector. These will likely increase in value along with inflation. And, it’s better to balance stocks with bonds. The reason is that they tend to have better returns. How worried should I be about inflation? “First, keep in mind that inflation is why we invest,” writes Doug Ewing for Nationwide. “While you may feel caught off guard by the recent price surge, by investing in the stock market you’ve already been preparing for this very moment.” ‌The annual US inflation rate was 3.25% from 1914 to 2022. ‌From 1926 to 2021, the S&P 500® Index has averaged 10.49% annual returns. “By staying invested over the long term, you haven’t just been keeping up with inflation, you’ve been building wealth.” You should also know that economists have studied the relationship between inflation and stock market returns for a long time. “While many have concluded that inflation has a net negative impact on the markets, there does not appear to be a clear correlation between inflation and market returns,” adds Ewing. “Historically, periods of high inflation have seen both positive and negative stock market returns.” ‌Many‌ ‌factors‌ ‌affect stock market performance, including inflation. On top of that, retirement spending often decreases. The fall in spending is so steep that even with inflation people spend less. As such, if you’ve taken the steps listed above, inflation should not deplete your savings. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due. Updated on May 27, 2022, 3:04 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 27th, 2022

How To Get Rich From Nothing To Millions

The desire to become rich is universal. ‌But‌ ‌that‌ ‌probably impossible if you start with very little or no money. ‌After all, there’s an old saying “you have to have money to make money.” ‌If you don’t already have some cash to work with, you might think you’ll never be able to build significant wealth. […] The desire to become rich is universal. ‌But‌ ‌that‌ ‌probably impossible if you start with very little or no money. ‌After all, there’s an old saying “you have to have money to make money.” ‌If you don’t already have some cash to work with, you might think you’ll never be able to build significant wealth. However, this isn’t entirely true. ‌In spite of having little money to spare, there are steps you can take to ‌‌‌amass ‌a‌ ‌certain‌ ‌amount‌ ‌of wealth‌ ‌over‌ ‌time. That’s not to say that it won’t be easy. Depending on your geographic location, amount of debt, and income, this will be more challenging for some. Still, it’s possible. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Don’t believe me? Well, Andrew Carnegie, Oprah, Larry Ellison, Dolly Parton, Sheldon Adelson, George Soros, Ralph Lauren, and Shahid Khan all have inspiring rags to riches stories. Some grew up in poverty or had to overcome personal adversity, while others began their careers working below minimum wage. Simply put,‌ if you want to become a millionaire, ‌you‌ ‌have‌ ‌to‌ ‌start‌ ‌somewhere. You may feel as if you are behind others, but be sure not to compare yourself with‌ ‌others. ‌Put your focus on what you can control, like your own finances. After you get started, building wealth may not be as difficult as you thought. With that in mins, let’s look at some steps‌ ‌to‌ ‌get‌ ‌you‌ ‌started from getting rich from nothing to millions. Change your mindset. Changing your money mindset will affect how you see money, as well as how you relate to‌ ‌it. What’s more, it’s been determined that a positive attitude towards money can alleviate‌ ‌financial stress. Why is that a good thing? ‌As a result of avoiding financial stress, you’re‌ ‌likely‌ ‌to: Budget your money Conserve‌ ‌money Plan your shopping before you go Make sure you’re‌ ‌prepared‌ ‌for‌ ‌unexpected‌ ‌expenses For your financial situation to improve, you need to be able to do those things. In short, to know how to get rich from nothing, it’s important to adopt the right mindset. ‌After all, having the confidence that you possess the skills necessary to make money, then following through on the plan, is how you will succeed. ‌As a result, you will need plenty of patience to stay committed. Do the math. After that, crunch the numbers to determine what it takes to reach your seven-figure goal, suggests Grant Cardone, author of “The Millionaire Booklet: How To Get Super Rich.” “For any goal to be achievable, you must believe in its possibility as a realistic and doable goal,” writes Cardone. “The way to do this is simply by doing Million Dollar Math. How many different ways can you collect one million dollars?” According to Cardone, if you can convince 5,000 people to buy a $200 product, you will have $1 million. ‌Alternatively, if 5,000 people paid you $17 a month for a year, then you would also get ‌to‌ ‌$1‌ ‌million. ‌Even though these examples are highly simplified, Cardone’s point remains: “Do the math to create possibility, then create strategy,” says Cardone. Take a financial inventory. You need to know where you’re starting from before you can become rich. ‌An inventory of your financial assets can help you determine if you’re truly starting from 0‌ ‌(or‌ ‌in‌ ‌the‌ ‌negative)‌ ‌with wealth‌ ‌creation. But, what exactly is a financial inventory? It’s simply an individual financial inventory is a list of all of one’s assets and liabilities. ‌If you want to figure this out, you might list everything you own on one side: A‌ ‌house Cars or other vehicles Bank accounts Investment accounts Collectibles, antiques or other heirlooms Life insurance policies On the other side, you’d list what you owe, including: A mortgage Auto‌ or personal ‌loans A student’s loan Credit cards The cost of medical care Taxes Loans for for your business Using a net worth calculator, you can plug the numbers from both sides in. ‌Using this indicator can show you how close, or how far, you are to reaching your long-term goals for becoming wealthy. Live below your means. Despite the misconception, you don’t have to be a ‌penny pincher or miss out on life experiences when you live below your means. ‌Actually, it “simply means that you’re spending less or equal than you’re making each month,” explains Deanna Ritchie in a previous Due article. “As a result, you aren’t putting yourself into debt by living off of plastic. And more importantly, this will help you create a more stable financial future.” “Of course, living within your means requires discipline and a little sacrifice,” adds Deanna. “However, if you stick with it, you’ll reap the following rewards, in addition to avoiding debt:” Anxiety and stress are reduced. Besides making you more successful, it’s also good for your health. Your credit score won’t be a concern for you. The‌ ‌ability‌ ‌to‌ ‌accumulate‌ ‌wealth. There will be more freedom for you. You’ll be financially secure. Living within your means. The question is how can one truly live within their means without depriving themselves? ‌Let me offer a few suggestions: Use the 50/30/20 rule to create a budget. ‌Spend a half of your income on necessities such as food and shelter, a third on wants, and a quarter on saving. Automate your savings to save money before you spend it. ‌Put another way, put a percentage of your paycheck into a savings or retirement account with automatic deposits. Don’t waste your money on unused expenses, such as gym memberships. Stop‌ ‌trying to keep up with ‌the‌ ‌Joneses. ‌Despite their apparent financial prosperity, they may be hiding their true financial status. They could, in fact, be deeply in ‌debt. Refrain from immediate‌ ‌gratification. ‌If you want to avoid paying full price for groceries, clothing, electronics, or travel, you might wait for a sale. Take advantage of‌ ‌tax‌ ‌deductions. A tax deduction reduces the amount of income that is taxable at the federal and state level. It is often advantageous to invest in retirement plans, make charitable contributions, and contribute to college funding if you are subject to taxes. Restructure‌ ‌your‌ ‌debt. ‌Conveniently repay your debt. ‌Debt consolidation or negotiating a better interest rate with lenders are two examples. Just say “no.” Furthermore, Jeff Rose, CFP® and founder of Good Financial Cents, suggests getting comfortable saying “no”‌ ‌to‌ ‌yourself. “This is important when you are shopping, or just out and about,” he ‌emphasizes. He urges avoiding impulse buys in this instance. ‌For example, buying something you like because it’s not too pricey. “Even worse is the ability to purchase things online nowadays and have it delivered to your doorstep in just a few days,” he adds. “If you do that several times a week, the spending can really add up.” “One trick is to enforce a ‘72 Hour Rule’ on any purchases, especially online items,” he ‌recommends. “If you really think you need to buy , after you add it to your cart make yourself wait 72 hours before you purchase it.” ‌You will be able to tell after three days if you need or if you just want the item (and do not need it). Start saving early. The‌ ‌simplest‌ ‌way‌ ‌to‌ ‌‌‌maximize ‌your‌ ‌savings‌? ‌Start‌ ‌as early as possible. In this way, you can leverage the power of compound interest. ‌Let’s say that you’re twenty years‌ ‌old. ‌Contributing $6,000 annually ($500 a month) for 40 years would result in your total investment being‌ ‌$240,000. Assuming a 7% return, the investment would have grown to more than $1.37 million due to compounding. ‌So, if you saved $500 a month, you would be a millionaire by the age of 57. Enhance‌ ‌your‌ ‌current‌ ‌income. By boosting your income, you can begin the journey towards becoming wealthy. ‌A great way and simple to do this is to ask for a raise at your present‌ ‌job. ‌It’s important that you have an excellent work record and have worked for the company for a while before before asking, though. ‌It is possible that if you are a good employee, they will increase your salary in order to keep you from looking for another position. What if your salary request is denied? ‌Well,‌ ‌if‌ ‌you‌ ‌have‌ ‌been‌ ‌working for your current employer for a long period of time and have done a good job, now is the time to move on to‌ ‌greener‌ ‌pastures. ‌Upgrade your resume and start looking for an opportunity that can give you the pay bump you deserve. If you want to get a better-paying job, you may also consider furthering your education. ‌As an alternative to taking out student loans for college, however, you can consider a career in the trades. Some examples would be an electrician, plumber, HVAC tech, dental assistant, or hairdresser. Also, trade career programs are usually less expensive and take less time to complete than colleges. Create multiple income streams. The old saying about not putting all your eggs in one basket applies to your income. ‌In fact, a millionaire typically ‌has‌ ‌seven‌ ‌streams‌ ‌of‌ ‌income. Why? ‌You create financial stability and grow your wealth faster when you diversify your income. With a side hustle as well as your day job, you can create two income streams instead of relying solely on one. ‌Your side hustle will still provide you with income if you do lose your job for some reason. ‌You‌ ‌can‌ ‌even‌ ‌expand your side hustle to a small business if it’s profitable. Your main job, a side job, passive income, investment accounts, interest from savings accounts, and rental properties are all examples of income streams. ‌The possibilities are endless. To become wealthy, you should establish multiple streams of income. It is important to understand that many get-rich-quick schemes are in fact just that — schemes. Therefore, instead of looking for a get rich quick scheme, focus on building multiple income stream. Invest wisely. Investing your money is a major step towards getting rich from nothing. ‌No matter what your financial situation is, you still can invest‌ ‌to‌ ‌‌‌begin ‌‌‌accumulating ‌wealth. Additionally, you will want to eventually diversify your investments, just as you create multiple income streams. Again, having multiple sources of income allows you to generate more income. Among them are: Stocks Bonds ETFs and mutual funds 401(k) IRAs Real estate Businesses Precious metals Environment, social and governance Just like with savings, investing early will help you build wealth faster. Just don’t let your fear of the stock marker hold you back. Work with a brokerage or robo-advisor to get you started. Avoid inflation. As I’m sure you’re well aware of right now, the price of everyday items rises automatically when inflation hits. ‌Overcoming this hurdle will be a challenge. But it’s doable. Perhaps you should look elsewhere for a less expensive option instead of that very expensive house. ‌Even though you’ll still get equity, it won’t put you in debt. Lifestyle inflation affects those living on minimum wage as well. ‌Even if you can’t trim out a lot of expenses, you can ‌become‌ ‌a‌ ‌millionaire. ‌Just be creative and persistent. If you received a salary increase at your job, you might have chosen to upgrade your vehicle instead of saving all that money. ‌Self-made‌ ‌millionaires‌ ‌avoid this kind of spending. Rather, they save this additional money. Or, they use it to pay down their debt. Almost everyone’s number one concern is food. ‌Food is essential, and your favorite brands may be more expensive than off-brand ones. ‌If you fit within a certain income bracket, you may be eligible for EBT or to receive food stamps from the government. Moreover, this can make it easier for you to save money while you buy food. Meal planning and making freezer meals are other ways to save money on food. If your wallet is hurting at the pump, you can save money on fuel using a gas app to find the best prices. Surround yourself with supporters. Because they are familiar, we often surround ourselves with naysayers and people who keep us down. ‌For anyone who wants to become something they aren’t, it is necessary to surround themselves with people who are already there or are en route. No matter how unlikely your ideas might sound, these people will support you instead of discouraging them. ‌Motivated people help each other achieve their goals and can be an inspiration. In the absence of anyone close to you or in your life who fits this description, do the next best thing. Read about someone who does. ‌Reading‌ ‌biographies‌ ‌of‌ ‌people‌ ‌with similar accomplishments keeps you motivated and on track. Perhaps you’ll even come up with ideas of your own based on their business savvy. ‌Consider people who were not born into wealth and privilege; rather, look for people who had an average life before becoming successful. Ask for help. When it comes to your finances, it’s incredibly easy to become overwhelmed. Case in point, planning for your retirement. With so many investment options and uncertainty, this can be ‌quite stressful. ‌In fact, 60% of working people are uneasy about planning their retirement. ‌In light of these numbers, it’s not surprising that only 25% of Americans say they are confident that they are planning for retirement correctly. This is why it’s so important to seek professional help. ‌Unfortunately, in America, only 29% use a financial advisor, while 65% do not. To ensure you’re making the right financial decisions, you should work with a qualified ‌advisor. A financial advisor can assist you in choosing investments, setting up a budget, and establishing a plan‌ ‌to‌ ‌reach‌ ‌your‌ ‌goals. ‌You can use that money once you’re ready to start investing it, and they can help you maximize its value. Don’t check out. “This is my most important tip,” Melissa Houston writes in Forbes. “Hiring financial help such as accountants and financial advisors does not leave you with the right to check out of the financial activity in your business.” “Nobody will care about your money as much as you do, so never give your financial power away,” adds Houston. ‌Invest the time to educate yourself on money management. Why? When you do, you can see what’s going on and know when an investment isn’t helping you achieve your goals. To sum it up, learning how to get rich is a process. ‌Despite the best financial habits, investments or business ideas, even the most successful ones can‌ ‌fail‌. ‌However, if you get educated and get assistance, you will be more likely to succeed, says Houston. Frequently Asked Questions How many millionaires are there in America? In their latest Global Wealth Report, Credit Suisse estimates there are ‌22 million‌ ‌millionaires‌ ‌in‌ ‌America. ‌That’s means almost 6.5% of the total population is millionaires. And, the amount of millionaires are growing. Why do I want to be a millionaire? Wanting to be a millionaire and knowing the why of becoming a millionaire are two completely different things. ‌For something to be accomplished, one must first understand why they want ‌it. Wanting to be a millionaire just to have a lot of money probably won’t provide you with the necessary drive to achieve it. Instead,‌ ‌take the time to examine why you would like to achieve‌ ‌your‌ ‌goals: Are you looking for financial stability by becoming a millionaire? Do you want to‌ ‌travel‌ ‌more? Are you looking to‌ ‌have‌ ‌more‌ ‌freedom? Is it to‌ ‌give‌ ‌back‌ ‌to‌ ‌your community? It’s also worth watching Simon Sinek’s TED talk on why a clear why is key to success in business. ‌Maybe you can find your own answer there. What’s the easiest way to become a millionaire? Using compound interest as soon as possible is the best way to become a millionaire. ‌Investing early will help you accumulate interest more quickly. ‌Investing early will also increase your interest income. As a rule of thumb, you should save‌ ‌15%‌ ‌of‌ ‌your‌ ‌income. ‌If you cut down on unnecessary expenses and get professional financial advice, you can also reach your million-dollar goal. ‌And, if possible, get a second job if you can upgrade your skills. In order to become a millionaire, how much do I have to invest? In order to become a millionaire, you must invest a certain amount of money based on your current situation. ‌ For instance, younger people have more time to accumulate wealth and a greater tolerance for risk, so they are able to sock away less money. ‌You’ll have to save more money every month if you wait until you’re older. How can I become rich with nothing? You can’t become rich doing nothing unless you come from a very wealthy family, expect to win the lottery, or a successful business idea. ‌If you want to become a millionaire, then you’ll need discipline, a plan, and, possibly, the help of a registered professional who can ‌guide you throughout your journey. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due. Updated on May 26, 2022, 2:17 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 26th, 2022

25 Ways To Help Your Young Children Save Their Money

Did you know that kids aged 4 to 14 receive an average weekly allowance of about $9.35? That comes out to roughly $486 per year. Which, really isn’t all that bad for daily chores like tidying their bedroom or helping with laundry. Even better? It’s also been found that almost half of the average kid’s […] Did you know that kids aged 4 to 14 receive an average weekly allowance of about $9.35? That comes out to roughly $486 per year. Which, really isn’t all that bad for daily chores like tidying their bedroom or helping with laundry. Even better? It’s also been found that almost half of the average kid’s weekly allowance is saved. While kids may not have the same financial obligations as their parents, this is certainly encouraging. Saving money ensures financial independence and security during an emergency. More specifically, this habit encourages discipline and goal-planning. And, it can prevent a potential financial crisis. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Warren Buffett Series in PDF Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more With that being said, if you’re a parent, you can help your young children step up their saving game using the following 25 strategies. Start with the basics sooner than later. In 2001, Sam X Renick created Sammy Rabbit, a character and financial literacy initiative for children. He has been teaching kids about money through his Sammy Rabbit stories since then. It has been his experience that the earlier you start teaching your children about finances, the better. Money habits and attitudes are formed by age seven, he says, so lessons need to begin before then. Your children should be introduced to coins and cash when they are old enough to know they shouldn’t eat pennies. Describe how money works and why it is important to save money. Rather than telling them how money works, you should show them. You can do this by showing them how you use cash. You should always tell your children that you’re using money to make purchases, regardless of whether you use a debit or credit card. Chase Peckham, director of the San Diego Financial Literacy Center, taught his daughter and son this when they were young. On every shopping trip they took together, Peckham showed his children the receipts with the amount he had paid. “By doing it over and over again, it became habit to them,” he says. “As they got older, they started to understand. That’s how we introduced money.” The receipt strategy allowed Peckham’s son to understand how money works by the age of 4. However, getting his daughter to understand was more difficult. Consistency, however, guaranteed that “the light bulb would turn on” — which it did. Talk about money. According to a 2021 survey by T. Rowe Price, 41% of parents are reluctant to talk to their children about money. Moreover, many express embarrassment when discussing money. In order to teach kids how to save, you must sustain an ongoing dialogue. The key is to keep the conversation going, whether you schedule a weekly check-in to talk about money or make it part of your daily routine. Be a financially responsible role model. Educate children by example by saving money yourself. This is the most effective way to teach them to save money. Put funds into your own jar of money frequently, for example. As you’re out shopping, teach your kids how to discern different prices and why some items are more beneficial than others. Also, emphasize that you save a portion of every paycheck as a way to secure your financial future. Use a piggy bank. By providing your kids with a piggy bank, you can teach them the importance of saving and make it easy for them to do so. To fill up the piggy bank until there is no room, tell your children to put in as many dollars and coins as they can. Most importantly, demonstrate that the piggy bank is for saving money for the future. And, this will result in wealth accumulation. As an example, Kevin O’Leary from “Shark Tank” explained compound interest to his own children by using a piggy bank in this video. Develop their budgeting skills. As you know, a budget helps create financial stability by tracking expenses and following a plan. And teaching your kids how to budget is a crucial life skill they need to develop sooner than later. Use jars to teach your children basic budgeting concepts by spending, saving, giving, and sharing. You can show younger children how Elmo from “Sesame Street” saves in those three jars. As your child’s chores or allowance are complete, discuss with them the importance of; Saving money now so it will grow for later use Making a plan for how to spend the money that they have now How caring means sharing their funds with people and organizations that your family values Physically show them that things cost money. It’s one thing to tell your son or daughter that that Paw Patrol vehicle they’ve been eying up is $10. It’s another thing to have them take a few dollars from their piggy bank and hand it to the cashier at the store. Sure, this is a simple act. But, it will have a greater impact than having a conversation. Write down savings goals. According to psychology professor Gail Matthews, writing your goals down on a regular basis makes them 42% more likely to be achieved. And, yes, this can be applicable to children as well. When they write down a clear savings goal, they’ll be motivated to follow through. Additionally, you can help them break this goal into achievable. Let’s say they want a $60 Lego set. Help them determine how long it will take for them to reach that goal if they receive $10 a week for doing chores. Also, help your child understand that there are two types of savings. One type of savings is saving for the Lego set, a game card, or a special pair of Allstar shoes. However, the other savings is the savings we never touch — it is for emergencies and to build enough funds for investment. Use stories to inspire. “Beyond writing down goals and providing interest payments, I’ve also discovered that stories can be educational and inspire kids to keep saving,” writes Kerry Flatley, owner, and author of Self-Sufficient Kids. “I’ve shared a few stories with my girls of times when I had to save – for my first car, for example – to provide insight into how saving works in the adult world, where purchases are larger and more critical.” Additionally, Flatley and her children have read a few books together on how people stick to their savings goals — or don’t. She recommends the following three books; “Rock, Brock, and the Savings Shock” “Alexander, Who Used to Be Rich Last Sunday” “Bunny Money” Give them fake money. This might seem a bit out there. However, the positive aspect of fake money is that it teaches kids about how money works without involving any real money. Essentially, it’s a set of training wheels for future consumers, with you acting both as merchant and bank. To make this stick, assign reasonable values to various chores, such as making their bed or cleaning up after a meal. You can also apply this to privileges, such as movie night and their wants, like popcorn for said movie night. Create a timeline. Kids often have difficulty understanding the concept of time and money. In fact, it’s been found that one-hour financial lessons lose their impact after five months. As such, a timely and ongoing approach to money education is needed for the message to stick. If, for example, your child receives $5 a week in allowance and they want to save $50. Their goal would be reached in roughly three months if they saved 100 percent of their allowance. To really bring this home, use visualization. You’ll need a long piece of paper and a marker to begin. On one side of the paper write 0 and on the other side write 50. Make checks for 25%, 50%, and 75% of the goal on the paper. If an amount is saved, draw a line showing the amount that they saved. Also, explain that at each checkpoint, kids will be given small rewards. Rewarding kids in this way can encourage them to stay the course. Also, visual representations assist them in illustrating how their money is growing and how their savings goals are progressing. Consider making earning money a competition. You could make money-making a contest if you have more than one child. “That always brings out the competitive nature of the kids. Whichever child saves the most gets the biggest special treat or bonus,” Lamar Brabham, CEO of Noel Taylor Agency, told U.S. News. In order to make sure that your kids are good sports if they lose, you could always set up a series of contests to increase the chances that both will win. It will help, however, if you make teaching your kids about finance an enjoyable experience, Brabham says, noting that many adults have a difficult time dealing with the world of finance. “Words like boring, confusing, complicated, and scary are common when hearing someone describe money matters. You can imagine what children think of it,” he says. Play games. Do you and your family play games together? Board games in particular can be fun while also teaching priceless life lessons as well. Ideally, you want to pick games that teach financial basics, like the Game of Life, Pay Day, or Monopoly. Additionally, there are some games that specifically teach money management techniques, such as Cash Flow 101. Make sure kids get paid fairly for age-appropriate chores When you give young children an allowance without requiring them to work, make sure it’s fairly distributed and based on their age. If you prefer, you can give them quarterly or annual raises. Most importantly, assign equal work assignments, as well as similar pay rates if you pay for chores. Unfortunately, the gender wage gap has reached children as well. According to BusyKid, an app that tracks personal finances for kids, girls receive less than half the weekly allowance given to boys. Believe it or not, that gap is far more severe than the one that exists for adults. Offer savings incentives. Matching contributions from employers are perhaps the main reason people make contributions to their company’s retirement plan. Everyone loves free money, right? Well, using that same principle will help you motivate your kids to start saving. You can match your child’s savings by 25 or 50 cents on the dollar, for example. Not only does this help them increase their savings, but it also introduces the idea of company matching in 401(k) plans. Discourage impulse purchases. As a parent, I’m sure that you’ve been in this situation before. You go to Target and your child pleads for you to buy them Chase’s transforming police car from PAW Patrol. As opposed to caving in, remind them that they can use their savings. But, also suggest that they wait a day or two. Maybe after sleeping on it, they really don’t want this new toy. But, just reassure them that Chase and his police car will still be there if they decide that they really want to buy it. Also, depending on their age, this could be a great time to talk about opportunity costs. By fifth grade, children should understand this concept. Help them prioritize their needs and wants. Impulse buying happens to the best of us from time to time. But, help them to learn to recognize it and how to limit it. As little as possible, give kids money. Yeah. This might seem harsh. But, here’s the jest. When kids are given as much money as possible less frequently, they will learn to budget. As an example, instead of giving your 10-year-old lunch money every single day, give them $80 for the entire month. Remind them that if they spend all of this money too soon, they’ll have to eat PB&J every day. In this way, your children will understand the real meaning of money and the need for budgeting and deferral of expenses. Make use of age-appropriate spending cards and parental control apps. Today, you use apps for just about everything. So, why not use an app to improve your child’s financial education? With Greenlight, you can reload a prepaid debit card for your kids. Through an app, you can supervise and control the card. The card is designed to load instantly, leave notifications every time your child uses it, and turn on and off instantly. Another feature worth mentioning is that it also lets them save their change. Stress the importance of giving. I remember during a family vacation to D.C. my little brother struck up a conversation with a homeless vet. Without hesitation, he gave the man $5 from his allowance. With that in mind, when your little one has some money saved, teach them the power of giving. “I think helping our kids experience the happiness that comes from giving to others is probably one of the most valuable ways we can nurture generosity in them,” says Lara Aknin, an assistant professor of psychology at Simon Fraser University in Canada (and the one who led the study suggesting that giving makes toddlers happier than getting). “It sets off this positive cycle: Giving makes people happy and happiness promotes giving.” At the same time, don’t force them to do this. Researchers have found that when people are forced to do something kind for others, or subtly coerced to do so, they will feel less altruistic and less motivated to help others. Include them in the financial process. Encourage your children to help you save money while shopping. Ask them to find the right items and compare prices with coupons from the grocery store, for instance. You can also challenge your child to find the clothes they need within a limited budget when back-to-school shopping. The older your children get, show them what your mortgage or utility payments look like. Or, you show them what your 401(k) statement looks like. Sounds simple. But, having them be a part of your financial processes is good preparation for when they have their own financial documents. Kid blew all their money and needs more? Seize this teachable moment. Parents familiar with this scenario might be able to relate: your kid has money but spends it all on toys. Imagine you are at the toy store again, where they want something but can’t afford it. How do you deal with that? Don’t give in. Instead, use this as a “teachable moment,” suggests says Rachel Cruze, personal finance expert and the co-author of “Smart Money Smart Kids: Raising the Next Generation to Win with Money “Teach them that when money runs out, it runs out,” Cruze says. “It will be tough in the moment, but in the long run you are teaching them to live below their means — and that’s the only way to win with money.” Visit the bank together. You and your child can open a no-fee savings account together. The concept of delayed gratification can be difficult for them to grasp. However, children may see the benefits of accumulating compound interest as free money if they equate it with short-term sacrifices. Charge a “parent” tax. I don’t think that many of us are fond of taxes. But, that’s life. So, this could be an easy way to break the news to your children. To help them prepare them for the real world withhold some of their earnings. Be sure not to spend the money though. Instead, invest it or save it for them until they’re 18. By letting them know that they won’t keep every penny of their paycheck, they’ll be better prepared financially. Also, let them know that if they have $5,000 saved by 16, they can invest this money and become rich. As a teenager. Let them make mistakes. You may think “that’s easier said than done.” But let me explain. Almost everyone has regrettably purchased something, whether it was a Peloton we thought we’d use more frequently or an investment that was too good to be true. Since the stakes are low, now would be an ideal time for your child to make mistakes. Give your child the option of spending their money on a short-lived gimmicky toy. Upon realizing a mistake, ask them what they’ve learned and how they can avoid making it again. Do they need to do more research next time? What can they do to remind themselves of what their goals are? How can they spend their money in a way they enjoy? Perhaps, in the future, they’ll spend their savings a bit more wisely. And, since we’re talking about kids here, don’t be too harsh. In fact, you can share with them your past financial mistakes and the lesson you learned. Don’t give your kids an open line of credit. Make sure your kids do not have open credit lines. Spending money should be limited, even if occasional spoiling is possible. After all, on other matters, you’ve been telling your kids no for a while. The same holds true when it comes to denying requests for cash or parent-aided purchases such as video games and candy bars. The importance of imparting this type of financial education to young children cannot be overstated. When you delay, old habits will become more difficult for them to break. Now, how exactly you approach this is totally up to you. Maybe there’s a family jar of money for expenses like snacks or activities like mini-golf. If they know the balance, your kids will be able to budget their spending accordingly and won’t be surprised when you say no. And, with time, they’ll realize that if they want a large purchase, they’ll need to save. that they need to save. Open a 529 plan. Share the fact that you are saving for your children’s future higher education with them. Even better, ask them if they want to contribute to the plan as well. Although you don’t need to share the dollar amount saved in your 529 plan with them, make it clear that you expect them to continue their education after high school. According to a study by Institute for Higher Education Policy, children who know that money will be saved for college are much more likely to enroll in college. What’s more, kids with college savings of $1-$499 are three times more likely than children with no savings to attend college. If you’re unaware, plan 529s are for any school your child wishes to attend after high school. As a result, these funds can be used tax-free for eligible higher education expenses including; Four-year schools Two-year colleges Trade institutions Apprenticeship programs Certificate programs In short, this means that your children are free to attend schools based on their interests, talents, and skills. And, this can set them up for financial success later in life since they won’t have a lot student loan debt. Frequently Asked Questions When should kids learn about saving money? According to research, many of our money habits as adults are formed around age 7. So it’s wise to teach your children about money at a very early age. Children as young as 3 can start with basic concepts. As they grow, they can move on to more advanced ones. How do I talk to my kids about saving money? Curiosity is a natural, and often relentless, characteristic of kids. Teach young children that in order to make money, you have to earn it. Explain that money is a type of energy exchange. After all, money just doesn’t appear out of thin air. Take going to the grocery store with them. Show them the budget for groceries and why it’s important. Tell them if they want a toy that it’s not in the budget. But, tell them to put the money in their piggy bank so that they can buy it later. You can also involve your children in making money-making decisions that affect the whole family, such as booking a summer vacation, as they grow up. Consider sharing your experience with them when you’re negotiating a job offer or choosing a robo advisor. How can I encourage my kids to save money? Providing a place for kids to save their money is an effective way to get them to set aside some of their money. Kids younger than 12 can get a piggy bank; older kids can get a debit card or bank account. Incentives such as interest can also be provided to encourage them to save money. What are some of the best ways for kids to earn money? Children can earn money in a variety of ways. You might find them setting up a lemonade stand or having a yard sale depending on their age. They can also babysit, care for pets, collect recyclable materials, wash cars, and work in the yard. If you have your own business, you could also “hire” them for age-appropriate tasks like filing paperwork or being a part of your social media marketing. Make sure to follow child labor laws. How can you teach kids to distinguish between needs and wants? Children can be quizzed about household items such as kitchen utensils, clothing, and toys. Ask them if it’s something your family really needs or if it’s just something they fancy. Kids learn that some purchases should have a greater priority than others as a result of that distinction. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due. Updated on May 16, 2022, 3:22 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 17th, 2022

Shellenberger: Why Looting Turned San Francisco Into A Ghost Town

Shellenberger: Why Looting Turned San Francisco Into A Ghost Town Authored by Michael Shellenberger via Substack, Usually at this time of year, San Francisco’s luxury stores are decked with holiday garlands. Instead, they’re boarded up after widespread “flash mob” looting turned Union Square — the city’s most fashionable shopping district — into an area resembling a blighted neighborhood in Detroit.  “It’s a ghost town,” said Michelle Tandler, a San Francisco native and high-tech entrepreneur, whose photos of the stores barricaded in plywood went viral on social media this week. “Every store has a security guard. People are going to lose their jobs. And these things have a ripple effect.” Two weeks ago, San Francisco was the first of several progressive cities hit by smash-and-grab mobs of thieves, sometimes as many as 80 in a group. Video from the San Francisco looting of Louis Vuitton shows criminals walking casually out of the store, goods in hand. Other cities hit include Los Angeles, Chicago and Minneapolis.  “This is traumatizing for our associates and is unacceptable,” said Best Buy CEO Corie Barry four days before yet another outlet was ransacked on Black Friday in a Minnesota mall. “We are doing everything we can to try to create as safe as possible environment.” These viral photos of boarded-up boutiques in San Francisco's upscale Union Square district this week are a bleak encapsulation of the city's approach to crime. Originally published in The New York Post. There may be several factors behind the looting. Part of the problem is a lack of police. San Francisco and other cities are short of cops, making robberies easier to get away with. San Francisco is short 400 officers, Los Angeles 300, with Minneapolis down by 200. Total police officers in the United States declined by 20,000 between 2008 and 2018, due to a tighter labor market, rising technological complexity within the profession, and the high psychological toll of policing. Anti-police protests following the death of George Floyd in May 2020 have led to further attrition. Progressive prosecutors are also letting more criminals free, sending the message that theft is an understandable response to poverty. In early 2020, San Francisco’s progressive District Attorney, Chesa Boudin, told the co-founder of Black Lives Matter before an audience at the Commonwealth Club that wealth inequality caused crime, and declared he would reduce prosecution of theft. “We have some of the richest people in the history of the world in this city,” he said. “Fortunes never imaginable 10 or 20 or 50 years ago. . . . When we have those extremes in close proximity, there’s going to be some level of property crime. That’s a reality.” DA Boudin has charged just 46 percent of theft arrests, a 16 point decline since he took office in 2020, and charged just 35 percent of petty theft arrests, a 23 point decline from two years ago. Meanwhile, more suspects are being let free before their court date, even though more than half of all offenders - and three-quarters of the most violent ones - released from San Francisco jails before their trial go on to commit new crimes. Would-be criminals rationalize what they are about to do before they do it. They think to themselves that nobody is hurt by robbing Louis Vuitton or even a Zara store. If they are clever, they might even justify to themselves that it is a good thing, since their actions redistribute wealth. Criminals since the 1960s have defended their crimes as the acts of revolutionary anti-capitalists. Such is the logic of socialism. The real crime, according to Karl Marx and others for the last 150 years, is private property and capitalism. “Property is theft” is one of the socialist movement’s most important slogans. Thus, the argument goes, any real-world crime — from robbing Louis Vuitton to assaulting a rich person — should be viewed as a revolutionary act. Anything that takes wealth from the rich and distributes it more equally, including pain, could be considered for the greater “good.” While criminal justice progressives say they seek “alternatives” to incarceration, those alternatives require little from the people released, not even abstinence. Such was the case with Darrell Brooks, Jr., the suspect in the killing of six people and wounding at least 40 others in Waukesha, Wis., by running them over in his car. The man had been released on $1,000 bail after running over his girlfriend, just three weeks earlier. Progressives have a more simplistic vision than they let on. To the public they promise a myriad of good ideas, including electronic monitoring, assertive case management and drug rehab. But pretrial diversion and other “alternatives” to prison have allowed criminals, sometimes even homicidal ones, to simply go free. DA Boudin has made his true intentions clear. “The challenge going forward,” he said at the Commonwealth Club in 2020, “is how do we close a jail?” Being soft on criminals has its consequences. For San Francisco, the result is a ghost town. For decades, this Bay Area destination has held conferences where it held itself up to the world as a model of a “livable, walkable” city. Not any more. “People are scared to go downtown,” native resident Tandler told me. “This is the destruction of a city.” *  *  * Michael Shellenberger is a Time Magazine "Hero of the Environment,"Green Book Award winner, and the founder and president of Environmental Progress. He is author of just launched book San Fransicko (Harper Collins) and the best-selling book, Apocalypse Never (Harper Collins June 30, 2020). Subscribe To Michael's substack here Donate to Environmental Progress Tyler Durden Thu, 12/09/2021 - 23:00.....»»

Category: blogSource: zerohedgeDec 10th, 2021

Learning From James Dyson

When you look back in history at some of mankind’s greatest achievements, one of the things that stands out in almost every case is that those successes came with a lot of blood, sweat and tears and an incredible amount of persistence. Often what appeared on the surface to be an “overnight success’’ actually took […] When you look back in history at some of mankind’s greatest achievements, one of the things that stands out in almost every case is that those successes came with a lot of blood, sweat and tears and an incredible amount of persistence. Often what appeared on the surface to be an “overnight success’’ actually took years to achieve. Henry Ford and his self-propelled vehicle, Walt Disney and his animated pictures, Alexander Bell and his telephone and even the Wright Brothers and their aeroplane; all were examples of people who failed many, many times before they eventually succeeded, often facing distressing financial hardship along the way. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more But if you were one of these people and were inventing something that could be potentially momentous and change things forever, at what point would you give up after encountering multiple failures? After 10 attempts? 50? What about 1,000? You’d have to think you were on a road to nowhere if you had failed that many times. So how about 5,127 times? How does that grab you? Incredibly, that’s the number of hand-made prototypes James Dyson built over a four year period before he finally achieved success with his cyclonic vacuum cleaner. Labouring through trial and error, Dyson overcame a brutal patent abuse, endless rejections from both venture capitalists and the world’s leading appliance manufacturers whilst managing an ever expanding overdraft he didn’t extinguish until the age of forty-eight. Contrast that with today, Sir James Dyson is the UK’s fourth richest resident with a net worth of c.US$9.7 billion. Dyson struck on the idea of a cyclonic vacuum from his experience manufacturing his first product, the ‘Ballbarrow.’ Applying paint to the metal frame created havoc in the factory - excess waste and mess. Seeking a solution, Dyson asked around the trade and eventually arrived at a cyclonic separator. He recalled, ‘I found the centrifuge dust extraction principle of the cyclonic separator utterly fascinating.’ James Dyson’s recently published memoir, ‘James Dyson - Invention: A Life,’ is a tale of constant innovation, incredible challenges overcome and the deep resilience required to create one of today’s leading technology companies. One of my favourite insights from the book relates to the opportunity set afforded Dyson by the vacuum industry’s incumbent players. Hamilton Helmer labelled this power ‘Counter-Positioning’ in his best-selling book on competitive strategy, ‘7 Powers.’ The opportunity arises when a newcomer adopts a new, superior business model which the incumbent doesn’t mimic due to anticipated damage to their existing business. In the case of vacuum cleaners, the incumbents were making billions selling replacement bags to their customers. Why create a product which puts at risk that perpetual revenue stream? If there’s one thing I’ve noticed about successful business founders, it’s that there is no straight line to success. Without perseverance and resilience beyond the scope of all but the rarest of people, these businesses would die on the vine. I’ve included some of my favourite extracts below. Failure and 'Trial & Error' “This might sound boring and tedious to the outsider. I get that. But when you have set yourself an objective that, if reached, might pioneer a better solution to existing technologies and products, you become engaged, hooked and even one-track-minded. Folklore depicts invention as a flash of brilliance. That eureka moment! But it rarely is, I’m afraid. It is more about failure than ultimate success. I even thought about calling this book ‘James Dyson: Failure’, but was talked out of it because it might give the wrong impression.” “The failures began to excite me. ‘Wait a minute, that should have worked, now why didn’t it?’” “Research is about conducting experiments, accepting and even enjoying failures, but going on and on, following a theory garnered from observing the science. Invention is often more about endurance and patient observation than brainwaves.” “Learning by trail and error, or experimentation, can be exciting, the lessons learned deeply ingrained. Learning by failure is a remarkably good way of gaining knowledge. Failure is to be welcomed, rather than avoided. It should not be feared by the engineer or scientist or indeed by anyone else.” “The Ballbarrow - my first consumer product, my first solo effort - was a failure but one from which I learned valuable lessons. There was a lesson about assigning patents, another about not having shareholders. I learned the importance of having absolute control of my company and not undervaluing it.” “One of the really important principles I learned to apply was changing only one thing at a time to see what difference that one change made. People think that a breakthrough is arrived by a spark of brilliance or even a eureka thought in the bath. I wish it were for me. Eureka moments are very rare. More usually, you start off by testing a particular set-up, and by making one change at a time you start to understand what works and what fails. By that empirical means you begin the journey towards making the breakthrough, which usually happens in an unexpected way.” “I worked on the [production] line for two weeks to understand how to make the vacuum cleaner more efficiently and have watched all of our lines ever since .. I learned which components were difficult to assemble and encouraged our engineers to visit lines frequently. Most importantly, this experience helped me look as all our subsequent products to understand where production inefficiencies fell.” “Of the 5,127 prototypes I made in the coach house of the cyclone technology for my first vacuum cleaner, all but the very last one were failures. And yet, as well as painstakingly solving a problem, I was also going through a process of self-education and learning. Each failure taught me something and was a step towards a working model. I have been questioning things and learning every day ever since.” “Learning by doing, Learning by trial and error. Learning by failing. These are all effective forms of education.” “When I was trying, unsuccessfully, to raise capital to start my vacuum cleaner business, all the venture capitalists turned me down, with one even saying that they might consider the opportunity if I had someone heading up the company from the domestic appliance industry. This was at a time when that industry was vanishing from Britain because, taken as a whole, its products were uncompetitive.” Life Lessons “Every day is a form of education.” “It was playing games, however, that taught me the need to train hard and to understand teamwork and tactics. The planning of surprise tactics, and the ability to adapt to circumstance, are vital life lessons. These virtues are unlikely to be learned from academic life and certainly not from learning by rote.” “Long-distance running taught me to overcome the pain barrier: when everyone else feels exhausted, that is the opportunity to accelerate, whatever the pain, and win the race. Stamina and determination along with creativity are needed in overcoming seemingly impossible difficulties in research and other life challenges.” “Doing things with my hands, often as an autodidact and with an almost absence of fear, became second nature. Learning by making things was as important as learning by the academic route. Visceral experience is a powerful teacher. Perhaps we should pay more attention to this form of learning. Not everyone learns in the same way.” Creativity & Invention “In order to stay ahead we need to focus increasingly on our creativity.” “At Dyson, we don’t particularly value experience. Experience tells you what you ought to do and what you’d do best to avoid. It tells you how things should be done when we are much more interested in how things shouldn’t be done. If you want to pioneer and invent new technology you need to step into the unknown and, in that realm, experience can be a hindrance.” “[You] need to listen to your customers, aiming to improve products wherever necessary and, if you are an inventor, simply for improvements sake. This is not to say we at Dyson ask our customers what they want and build it. That type of focus-group-led designing may work inn the very short term, but not for long.” “I still find myself saying and putting into practice some of the same things Jeremy Fry [an early mentor/employer] said and did when I worked for him half a century ago. As an inventor, engineer and entrepreneur, he believed in taking on young people with no experience because this way he employed those with curious, unsullied and open minds.” “The inventing mind knows instinctively that there are always further questions to be asked and new discoveries to be made.” “The Land Rover, the Swiss Army penknife, the Citroen 2CV, the Bell 47 helicopter and Alec Issigoni’s Mini - what I liked so much about these machines - and my affection for them remains undimmed - is their ingenuity and the fact that the power of invention invested in them made for designs that re-imagined and revolutionised their market sectors and even created wholly new markets. And yet, for all their functionality, each is a highly individual product with a character and charm of its own. What is equally interesting is that these radical machines made use of pre-existing ideas and components.” “A design might be considered ahead of its time and, sometimes because of this, even ridiculous. The hugely successful Sony Walkman was dismissed when first launched because who could possibly want a tape recorder that couldn’t record. And it was received knowledge, until Volkswagen and, later, Honda crossed the Atlantic with the Beetle and the Accord that Americans were wedded resolutely to big cars.” “The Sony Walkman is another fascinating success story because, at first, its design appeared to defy common sense. Priced at $150, the compact silver and blue Walkman wasn’t cheap, while within Sony it was controversial and brave because it was unable to record, and no one made a ‘tape recorder’ that wouldn’t do so before… With lightweight foam headphones and no function other than playback, the Walkman emerged. The press lampooned it. Even the name was ridiculous. The Japanese press was wrong, although the market hadn’t known it wanted a tiny personal stereo. When it saw the attractive little device, and heard it in action, it fell in love with it… By the mid-1980’s, the word had entered the Oxford English Dictionary. Sony’s Masura Ibuka - one of the Japanese company’s founders - hoped to sell 5,000 Walkmans a month. He sold 50,000 in the first two months. By the time production ended in Japan in 2010, more than 400 million had been sold worldwide.” “Without entrepreneurship, an inventor may not be able to bring their radical or revolutionary products to the marketplace or at least not under their own control. Without becoming an entrepreneur, they have to licence their technology, putting them at the mercy of other companies that may or may not have a long-term commitment to a particular new idea or way of thinking about the future.” “The idea [for the cyclonic vacuum cleaner] had been in my head since welding up the giant metal cyclone for the Ballbarrow factory. Now it made increasing sense. Here was a field - the vacuum cleaner industry - where there has been no innovation for years, so the market ought to be ripe for something new. And, because houses need cleaning throughout the year, a vacuum cleaner is not, like my Ballbarrow, a seasonal product. It is also recession proof. Every household needs one. It seemed to tick all the boxes. In any case, I’d used one since childhood and knew from experience that there had to be a better vacuum cleaner.” “If you believe you can achieve something - whether as a long distance runner or maker of a wholly new type of vacuum cleaner - then you have to give the project 100% of your creative energy. You have to believe that you’ll get there in the end. You need determination, patience and willpower.” “Bio-mimicry is clearly a powerful weapon in an engineer’s armoury.” “It’s a part of the Dyson story that I made 5,127 prototypes to get a model I could set about licensing. This is indeed the exact number. Testing and making one change after another was time-consuming. This, though, was necessary as I needed to follow up and prove or disprove every theory I had. And, however frustrating, I refused to be defeated by failure. All of the 5,126 I rejected - 5,126 so-called failures - were part of the process of discovery and improvement before getting it right on the 5,127th time. Failure, as I had already begun to learn with my experience with the Ballbarrow business is very important. I find it important to repeat that we do, or certainly should, learn from our mistakes and we should be free to make them.” “Every judgement in science stands on the edge of error and is personal… I have long had great admiration for engineers like Alec Issigonis [designed the Mini] and Andrew Lefebvre of Citroen .. they questioned orthodoxy, experimented, took calculated risks, stood on the edge of error and got things right. And when they got there, they continued to ask questions.” “One of the ways we made Dyson distinctive is by not allowing ourselves to rest on our laurels.” “A jet engine spins at 15,000 rpm, a Formula 1 engine at 19,000 rpm and a conventional vacuum cleaner motor at 30,000 rpm. Why go very much faster? Although at the time we were neither designers nor manufacturers of electric motors, we wanted to come up with a breakthrough in their design, creating a quantum leap in performance: many times faster, much lighter and smaller, brushless for a longer life and no emissions, more electrically efficient and above all controllable for speed, power and consumption.. The turbine speed we initially aimed for was 120,000 rpm.. Today, Dyson pioneers the world’s smallest high-speed motors. These have enabled us to reinvent the vacuum cleaner again with a pioneering new Dyson format. They have also allowed us to improve products in wholly new areas.” “People often ask if we would supply other companies with our motors. Although it might be profitable to do so, we supply no one other than ourselves. This is because I want Dyson engineers to be 100% focused on our next exciting motor development and not retrofitting our motors to someone else’s product.” “With each new motor we aimed to double its power output and halve it’s weight.” “We had been experimenting for some time with blades of air and working with sophisticated computational fluid-dynamics models for a project that remains secret… We had accidentally developed a new form of hand dryer. What’s more it didn’t need a heater… It has a carbon footprint six times smaller than that of paper towels… Despite our inroads, the paper towel industry retains 90% of the hand-drying market, worth billions of dollars each year. The big players want to defend a highly lucrative status quo.” “As often happens, our observations during the development of the Dyson Airblade hand dryer led us to the principles used in other products, like our Air Multiplier fans and, in turn, to heaters, humidifiers and air purifiers.” “For me, [the hairdryer] was another of those products, used frequently by hundreds of millions of people, stuck in a technological time warp. Existing hairdryers were heavy and uncomfortable to use.” “Ever since the Industrial Resolution, inventions had tended to compound inventions.” “It is hard for other people to understand or get excited about an entirely new idea. This requires self-reliance and faith on part of the inventor. I can also see that it is hard for an outsider to understand the challenge and thrill of inventing new technology, designing and manufacturing the product then selling it to the world.” “After the event, a revolutionary new idea can look so obvious - surely no one could possibly have doubted it? At their conception, though, new ideas are not blindingly obvious. They are fragile things in need of encouragement and nurturing against doubting Thomases, know-it-alls and so-called experts. Just as Frank Whittle discovered, it is easy for people to say ‘no,’ to dismiss new ideas and to be stick-in-the-muds, pessimists, or even cynics. It is much harder to see how something unexpected might be a success.” “We certainly have taken big risks, with the digital electric motors, the washing machine, the electric car and our research into solid-state batteries. Not all have been commercially successful. That is the point. By its very nature, pioneering will not always be successful, otherwise it would be all too easy. We don’t start these ventures with the inevitability of success - we are all to aware we may well fail.” Obliquity “Inventors rarely set out to make money per se, and if they do theirs is more often than not a pipe dream.” “I didn’t work on those 5,127 vacuum cleaner prototypes or even set up Dyson to make money. I did it because I had a burning desire to do so. And as do my thousands of colleagues, I find inventing, researching, testing, designing and manufacturing both highly creative and deeply satisfying.” Focus Groups & Experts “Just before the launch of the Mini car, Austin Morris did indeed consult a focus group, and nobody wanted this tiny car with small wheels. So they cut the production lines down to one. When the public saw it on the street, they were most enthusiastic for it. Austin Morris never caught up with demand, missing out on serious profits.” “The bestselling British car of all time is the Mini - If market research had ruled Alec Issigoni’s roost at BMC, it would never had existed… Alec’s view [was] that ‘market research is bunk’ and that one should ‘never copy the opposition.’” “I am cautious of experts .. Experts tend to be confident that they have all the answers and because of this trait, they can kill new ideas. But when you are trying to break new ground, you have no interest in getting stuck in engineering conventions or intellectual mud.” “Venture capitalists proved to be no help. [Six] venture capitals turned me down.” “I had been warned that at £200, or at least three times as expensive as most other vacuum cleaners, the DC01 would prove to be too expensive. It sold really well.” “The marketing team, who I listened to, said to me, ‘If you make it £200 cheaper you will sell a lot more [Dyson washing machines],’ and I believed them. We made it £200 cheaper and sold exactly the same number at £899.99 as we had a £1,089 and ended up losing even more money. I had made a classic mistake. This might sound counter-intuitive, but I should have increased the price. The Contrarotator was not meant to be a low cost washing machine.” “Although there is no guarantee of success, disruptive ideas can revolutionise a company and its finances through intuition, imagination and risk-taking as opposed to market research, business plans and strategic investment.” “Early on in our story, the [Dyson vacuum cleaner’s] clear bin was another ‘clear’ example of going our own way regardless. Trusting our own instincts, we decided to ignore the research and the retailers. Pete and I had been developing the vacuum cleaner and we loved seeing the dust and the dirt. We didn’t want to hide all the hard work the machine had done. Going against established ‘experts’ was a huge risk. No one could confirm that what we were doing was a good idea. Everyone, in fact, confirmed the reverse. The data were all against it. If, however, we had believed ‘the science’ and not trusted our instincts, we would have ended up following the path of dull conformity.” Innovation, Constant Improvement & Change “I greatly admire Soichiro Honda for his addiction to the continuous improvement of products. and Takeo Fujisawa. Their genius was to think against the grain while focusing on continuous improvement. The company [Honda] continues to invest a sizeable chunk of its income into R&D, aiming for constant improvement and innovation.” “Rather like the way some sharks have to keep moving to stay alive, innovative engineering-led manufacturers need continuous innovation to stay competitive. Striving for new and better products is often what defines such companies. At Dyson, we never stand still. In a quarter of a century, we have gone from making a revolutionary vacuum cleaner to prototypes of a radical electric car. Invention tends to compound invention and companies need to be set up for this.” “What was exciting is that, although our main focus was the vacuum cleaner, our thinking was that of a tech company. How else could we evolve cyclonic technology? What other uses could we put it to?” “Investment in new technologies requires many leaps of faith and huge financial commitment over long periods.” “I believe that it is critical to keep on improving and never to relax with a product that appears to be selling well. Permanently dissatisfied is how an engineer should feel.” “Our product development process is now truly a twenty-four hours a day process.” “What I can say is that if you came back to see what Dyson’s up to in five, ten, twenty or a hundred years from now, whether with our products or through our farms, things will be very different indeed. It’s all tremendously exciting and we should have cause for optimism.” “Every day is an adventure and a response to the unexpected. Even if things appear to be in some kind of stasis, a company must move on. It has to get better, evolve and improve in order to survive. There is no greater danger than satisfaction.” “What we do know is that companies always have to change to get better at what they do, plan to do and even dream of doing in the future. The adage that the only certainty is change is true, and this means not being afraid of change even if, for a company, it means dismantling what you have built in order to rebuild it stronger or killing your own successful product with a better one, as we did with our new format battery vacuum cleaners.” Counter-Positioning “Anyone watching me at work might reasonably have wondered why Electrolux and Hoover weren’t making and selling a vacuum cleaner like mine. With all their resources, surely they could have leaped ahead of me - one man and his dog, as it were, in a rural coach house - and cornered the market between them. There were though, at least three good reasons why they didn’t even think of pursuing a similar path to me. One, which went without saying, was that the ‘No Loss of Suction’ vacuum cleaner had yet to be invented. The second was that the vacuum cleaner bag replacement business was highly profitable. And the third, to my surprise, was that well established electrical goods companies seemed remarkably uninterested in new technology. With no outside challenges, they could afford to rest on their laurels. For the moment at least.” “I went to see Electrolux, Hotpoint, Miele, Siemens, Bosch, AEG, Philips - the lot - and was rejected by every one of them. Although frustrating, what I did learn is that none of them was interested in doing something new and different. They were, as I had already understood, more interested in defending the vacuum cleaner bag market, worth more than $500 million in Europe alone at the time. Here, though was an opportunity. Might consumers be persuaded to stop spending so much on replacement bags, which, by the way, are made of spun plastic and are not biodegradable, and opt for a bag-less vacuum cleaner that offered constant suction instead? If so, I might stand a chance against these established companies.” Multi-Disciplinary Approach “I loved my time at the Royal College of Art not least because of its lively and inventive cross-disciplinary approach. Here, as I progressed, I realised that art and science, inventing and making, thinking and doing could be one and the same thing. I dared to dream that I could be an engineer, designer and manufacturer at one and the same time.” Commerciality & The ‘Art of Selling’ “Inventions, though, no matter how ingenious and exciting, are of little use unless they can be translated through engineering and design into products that stimulate or meet a need and can sell.” “Even the most worthwhile and world changing inventions, from ballpoint pen to the Harrier Jump Jet, need to be a part of the process of making and selling to succeed.” “Selling goes with manufacturing as wheels do with a bicycle. It is far more than flogging second-hand cars or contraband wristwatches. Products do not walk off shelves and into people’s homes, And when a product is entirely new, the art of selling is needed to explain it. What it is. How it works. Why you might need and want it.” “Jeremy Fry taught me not to try to pressure people into buying but to ask them lots of questions about what they did, how they worked and what they might expect of a new product. Equally, I learned that most people don’t really know exactly what they want, or if they do it’s only from what they know , what is available or possible at the time. As Henry Ford said, famously if he asked American farmers what they wanted in terms of future transport, they would have answered ‘faster horses.’ You need to show them new possibilities, new ideas and new products and explain these as lucidly as possible. Dyson advertising focuses on how our products are engineered and how they work, rather than on gimmicks and snappy sales lines.” “Word of mouth and editorial remain the best way to tell people what you have done. It is far more believable than advertising and a real compliment when intelligent journalists want to go off and talk about your product on their own free will. If you have new technology and a new product, a journalist’s opinion and comment is far more important and believable than an advertisement.” “Within eighteen months, the DC01 vacuum cleaner was the biggest seller in the UK market. Our first sales were through hefty mail order catalogues. These devoted a few pages to vacuum cleaners. We were among the last pages, at the bottom, with a small, square picture of the DC01… Ours was the most expensive in these catalogues by some margin and they were not the sort of place you would expect expensive items to be sold. Both we and the buyers at the catalogue were, in fact, astonished that DC01 did so well through their pages, with repeat orders coming in. I have never, though, believed that someone’s income is a bar to them wanting to buy the best product and a vacuum cleaner is an important purchase.” “We decided to highlight the Achilles’ heel of other vacuums - the bag and its shortcomings.” “I love the fact we tackled prosaic products, making the vacuum cleaner into a high-performance machine.” “From the beginning we decided that we would create our own publicity materials and advertising. We would not use outside agencies. This is because we want to talk fearlessly about technology, which, of course is what had driven Dyson into being. Since we have developed the technology, we should know how to explain it to others.” “I didn’t want anyone to buy our vacuum cleaner through slick advertising. I wanted them to buy it because it performed. We could be straightforward in what we said, explaining things simply and clearly.” “I believe that trustworthiness and loyalty come from striving to develop and make high performing products and then looking after customers who have bought them. I am not a believer in the theory that great marketing campaigns can replace great products. What you say should be true to who you are.” Manufacturing “Experience taught me that, ideally, a manufacturer - Dyson certainly - should aim to source as little as possible from outside the company. Those of us who drove British cars made in the 1970’s know pretty much exactly why. Poor assembly aside, what often let these cars down were components sourced from poor-quality external suppliers. Electrical failures were legion.” “Obviously at Dyson we cannot make absolutely everything on own own, but we work with suppliers so that they are in tune with us, with our manufacturing standards and our values. Because what we’re doing is special and different, we can’t go to a company like Foxconn, for example. which makes well known American, Canadian, Chinese, Finnish & Japanese electronic products. Those products are mostly made from off-the-shelf components. We design our own components. We don’t buy them off the shelf.” “You can manufacture good-quality, pioneering technology much more readily when you sit side by side with your suppliers rather than 10,000 miles away in a different time zone.” “We build close relationships with owners of factories so we can build our machines in their premises. The tooling, assembly lines and test stations are ours and we control the purchasing and quality. We don’t approach a sub-contractor and say, ‘Make me a product of this or this design.’ We tend to go to outfits which have never made vacuum cleaners before or hairdryers, robots, fans and heaters or purifiers or lights, and we teach their people to make things using our production methods. It’s a heavily engaged and involved process of learning and improvement.” “We need other factories because, expanding at the rate of 25% each year, we simply couldn’t cope with the planning and building of new factories even in Singapore, Malaysia and the Philiipines.” Going Global “I knew that if Dyson was to be a successful technology company, rather than just a British vacuum cleaner manufacturer, we couldn’t be Little Englanders. We needed to become global, and quickly. England, and the rest of the United Kingdom, is simply not a big enough market on its own to sustain the constant and huge investment technology requires.” “In 2004, we took the DC12 cylinder vacuum to Japan, calling it the ‘Dyson City.’ It was engineered specifically for the tiny, perfectly formed homes of Japan. We were amazed by its success. Within three months it had captured 20% of the Japanese market.” “Dyson has become as much an Asian business as a British one: our products are sold in eighty-three countries around the world, so we are arguably a truly global company. Having started in Britain and consistently grown in Britain, we, for some time now, sell over 95% of our products in our global markets.” Acquisitions “We are not in the business of buying up other companies. It may be a quick way to acquire technology or a business that would augment a company, but it can be difficult to assimilate the people and their ways of doing things. Usually, I feel, it’s better to start your own research project or your own business, which, although slower to begin with, develops organically and is stronger for it.” Dyson Electric Car “Because of the shifting commercial sand, we made the decision to pull out of production [of our electric car] at the very last minute. N526 was a brilliant car. Very efficient motors. Very aerodynamic. Wonderful to drive and be driven in. We just couldn’t ever have made money from it, and for all our enthusiasm for the project we were not prepared to risk the rest of Dyson.” “Fortunately, we were able to stomach the £500 million cost and survive. We did, though, push ourselves to learn a great deal in areas including batteries, robotics, air treatment, and lighting. We also learned more about virtual engineering as a tool in the design process and how, we would be able to make products more quickly and less expensively. These were all valuable lessons for the future.” Private Company & Long Term Thinking “Today, Dyson is a global company. I own it, and this really matters to me. It remains a private company. Without shareholders to hold back, we are free to take long-term and radical decisions. I have no interest in going public with Dyson because I know that this would spell the end of the company’s freedom to innovate in the way it does.” “When you own the whole company, and especially if you are free of debt, from the early days and for better or worse, all decisions are your own. So you take these very seriously and follow your own view of risk balanced, hopefully, with reward. This certainly sharpens the mind.” “We’re one family-owned company following its interest and passions.” “The advantages of a family business are that they can think in the very long term, and invest in the long term, in ways public companies are unable to do. I also believe that family-owned enterprises have a spirit, conscience and philosophy often lacking in public companies.” Win-Win & ESG “In our first year in Currys [retailer], Mark Souhami, one of the bosses alongside the founder Stankley Kalms, invited me to lunch with them both. They explained that because of Dyson they were now making a profit in their vacuum cleaner section and he wanted more Dyson products.” “I have always loathed companies that use ‘greenwash’ as part of their marketing. I would rather reduce our environmental impact quietly and by action. We were, and remain, a company primarily of engineers and because of this we have sought from the outset to use as little energy or materials as possible to solve or complete one particular task. Lean engineering is good engineering.” “For me, as for all Dyson engineers, lightness - lean engineering and material efficiency - is a guiding principle. Using less material means using less energy in the process of making things. It also means lighter products that need less energy to power them and are easier to handle and so more pleasurable to use.” “Dyson has always focused on making long-lasting machines that use fewer resources while achieving higher performance. Lighter machines resulting from developing new technology and reinventing the format, consumer less energy and are not only better for the planet but also more pleasurable to use. Our cord-free vacuum cleaners, for instance, are a fraction of the weight and use a fraction of the electricity than their predecessors did. This has come about by taking an entirely different approach and developing new technology, motors and batteries, from the ground up.” “We must move ever closer to a culture whereby we minimise the use of materials through lean engineering along with the recycling of products at the end of their lives. It’s not just okay to politely offset our carbon footprint. We have to deal with it at source.” “As Dyson, we are trying at every turn to touch the ground lightly in everything we do, to make more from less and to create a circular system through which we aim to recycle everything we use.” Removing Middlemen “Over the past three years we had been striving to sell more products direct to our customers ourselves, either online or through Dyson Demo stores. By early 2021 we had 356 Dyson stores. We have been opening them around the world so that customers can try our Dyson products in the best possible way. There are two reasons for this. First, we like to have a direct relationship with our customers, who are buying our product for which we are responsible, and we want to know how we can help them. Secondly, retailers around the world are declining in numbers and sales. They are nothing like the force they were, due of course to the decline of the high street and the rise of internet shopping. If you want to buy from a website, why not buy from the Dyson website! Why not deal directly with the manufacturer?’” “When I started out with the vacuum cleaner business, wholesales and retailers made most of the money .. which is why today a lot of our sales at Dyson are direct.” “Cutting out the middleman, and those who add no value, ought to be a popular national campaign. It would mean a possibility of profit for risk takers and producers, and lower prices for consumers.” Listen to Customers “Listening to what our users say is gold dust and I really enjoy reading or hearing about complaints. We devised a system of reporting all remarks heard by customers in stores or by store salespeople from all over the world, so that everyone in the company can see this priceless intelligence.” Optimism “I have great faith that science and technology can solve problems, from more sustainable and efficient products to the production of more and better food, and a more sustainable world. It is technological and scientific breakthroughs, far more than messages of doom, that will lead to this world. We need to go forwards optimistically into the future as if into the light, and with bright new ideas rather than darkness and end to human ingenuity portrayed by doomsayers.” “The depressing thing is that harbingers of doom and gloom get far more attention than optimists and problem solvers. I feel very strongly that progress should be embraced and encouraged, and it is a duty of governments and companies to catalyse the ideas of the progressive and harness them to achieve good ends.” Summary Most people would consider someone who’d failed 5,126 times and succeeded just once, a failure. Yet, that’s exactly what James Dyson did. That one success was the acorn that grew into a $US10 billion dollar fortune (talk about asymmetric returns!) There’s a myriad of lessons for inventors, investors and entrepreneurs in the pages of this book. Many of the lessons are equally applicable to each endeavour; maintaining focus, taking a long term view, continuously learning, challenging conventional wisdom and adopting a multi-disciplinary mindset. As you delve into the story an investment case emerges and the pieces of the puzzle start to fit together. An inventive fanatic full of passion, tenacity, resilience and self-belief recognises a prosaic industry that’s been neglected by technology and ripe for disruption. The target market is huge and somewhat immune from the vagaries of the economic cycle. A kernel of inventive insight, a variant perception on consumers preparedness to pay more for quality products and constant iteration leads to the development of a revolutionary product. Driven by a purpose beyond wealth accumulation (obliquity), a ‘technology’ business emerges. Full control of the ecosystem and intellectual property become further competitive attributes difficult to challenge. As technology compounds (a’la Brian Arthur) the barriers to competition widen. The tone is set from the top - a culture of continuous innovation and rejecting the status quo flourishes. Risk taking on a scale where failure is tolerable (a’la Palchinsky principle) is encouraged, creating new possibilities. Private ownership and low debt affords a long term view - no one is watching the quarterly shot clock. While there is no spreadsheet or financial model, there is a full scale mental model, or theory, developing. The component mental models, together, shed light on the Dyson company’s extraordinary success. My contention is this latter model will prove more useful in determining whether Dyson will continue to prosper in the future. Let’s not forget however, that without James Dyson, there would be no Dyson. Like many of the great businesses we’ve studied, it started with a fanatic. Source: ‘James Dyson - Invention: A Life,’ James Dyson, Simon & Schuster, 2021. Further Learning: ‘James Dyson - Invention: A Life - Interactive Portal.’ Follow us on Twitter : @mastersinvest * NEW * Visit the Blog Archive Article by Investment Masters Class Updated on Nov 22, 2021, 3:44 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkNov 22nd, 2021

The CEO of Jay-Z"s cannabis company on building an "Amazon-esque" brand in the cannabis industry with a focus on inclusion and social equity

Insider spoke to Troy Datcher, the CEO of The Parent Company, about his new role in leading Jay-Z's holding company in the cannabis space. Troy Datcher, CEO of The Parent Company. The Parent Company Insider spoke to Troy Datcher, the CEO of The Parent Company, about his new role in leading Jay-Z's holding company in the cannabis space. Datcher discussed the job in relation to his recent tenure as an executive at Clorox and gave his perspective on working with Jay-Z to build an "Amazon-esque" CPG brand with a focus on inclusion and social equity. In August, The Parent Company, Shawn "Jay-Z" Carter's holding company in the cannabis space, made a historic hire when it brought on Clorox executive Troy Datcher as its new CEO, as the role marked the first time that a Black CEO would lead a major, public cannabis organization in the US.The Parent Company formed in January of this year when it brought together Jay-Z's Roc Nation, Caliva, and Left Coast Ventures in a SPAC transaction that was the largest cannabis SPAC to date. The company's portfolio includes Jay-Z's cannabis brand, Monogram, among seven other brands, and it has an operational footprint in the cannabis industry that spans cultivation, extraction, manufacturing, distribution, retail, and delivery.Early this month, under Datcher's leadership, The Parent Company acquired 100% of the equity of Coastal Dispensary, LLC, a California retail dispensary and delivery operator known as "Coastal," for a total consideration of up to $65.2 million. The acquisition expanded the company's reach to over 80% of California's population and made it the second largest retail dispensary and delivery hub network in the state, according to a rep for the company. Just over a month into his new role, Datcher spoke to Insider in a phone interview last week and discussed his position at The Parent Company in relation to his 20-year tenure at The Clorox Company, where he had recently led the company's global sales organization as its senior vice president and chief customer officer. In the interview, Datcher gave his perspective on meeting and working with Jay-Z in their effort to build The Parent Company into an "Amazon-esque" CPG brand with a focus on inclusion and social equity. As the company's chief visionary officer, Jay-Z leads a social equity ventures initiative that has given out $10 million in funding to brands led by Black and other minority entrepreneurs in the cannabis industry, a topic that Datcher addressed at length.This interview has been lightly edited and condensed for clarity.I wanted to start out with some background here if we could. How did the position at the company first come to your attention?Yeah. Actually it was, believe it or not, through a LinkedIn inquiry, of all places.[Laughs].Right? If someone wants to understand the power of LinkedIn here, it's actually true. It does happen. I got an email from a recruiter, and in my role at Clorox, I would get hundreds of those kind of inquiries from time to time, from week to week. And this one sort of stopped me in my tracks. It's an industry that I had some interest in as an outside observer, watching an industry develop, and actually concerned that it wasn't diverse in terms of its representation of leadership and the folks who were moving into the industry. And then, any paragraph that starts and ends with Jay-Z and Roc Nation kind of stops you for a second. So, those things piqued my interest, and I got engaged through that process.Just over a month into the gig now, how would you say the day to day compares to your recent tenure at Clorox?[Laughs]. Well, they're both fast and furious, but for very different reasons. At Clorox, I was dealing with the implications of a worldwide pandemic, and leading their sales organization globally. There were pressures of a very different kind, but every day was filled with a lot of frantic work to make sure that we were meeting our expectations of servicing consumers all across the world. Here it's a different type of hecticness, and I'm learning a lot. Part of that may be me, but I think the industry is moving at warp speed. And so, whether that's outside influences from things, legislation that's moving, and it's a competitive landscape that's changing daily, the players and actors that are coming into the space, there's a hectic pace to the environment that I'm in. And I would say that those two things are very similar. The types of questions that I'm dealing with are obviously very different, but the pace has been something I'm familiar with, which has been fantastic.What were some of the immediate challenges and opportunities you set out to address at the start?Yeah, well, as you probably read, the organization was brought together from three companies merging as a part of building The Parent Company, and post-SPAC, whenever you're bringing three organizations together, they're going to be growing pains as you do integration work. And so for me, it's focusing on making sure that we're taking the best of all of those operations to bear as we're trying to build a complete end-to-end, from-seed-to-scale solution for people that are in our ecosystem and beyond. So for me, it's really focusing on integration, making sure we're getting the value that we all expect from bringing three great organizations together, and making sure that we have the right talent in the right places with a really complete, crisp, shared vision on where this thing's headed and how each part contributes to that.So you've sat down with Jay-Z to talk strategy.Yep.How would you characterize his view on and approach to the cannabis industry?Well, first and foremost, I'd describe him as an incredibly engaged and involved partner, which was great for me to see firsthand. And anyone that's seen the Monogram brand up close and personal sees the care and all of the energy that goes beyond producing a great product, from packaging to the product and experience itself. So it's great to have a visionary who has been successful in doing this in many other places, whether that's in music or entertainment, or it's in the spaces he's touched in terms of beverages and fashion. He's bringing that same 100-year-company approach, building a meaningful brand that has an impact beyond the obvious, I think, is really what's at the heart of what he brings.And so, the vision is a shared one, which is to have an impactful company, one that's not only obviously successful in every business sense of the word, but that has an impact on the communities in which we live work and serve, and that the people that are a part of this industry are reflective of the communities in which we serve. So we share that, we have that in common, and he's very engaged and involved, and his team at Roc Nation is there to support the efforts and be a big part of what we're doing. And that makes this incredibly exciting. And candidly, I wouldn't be here sitting in this seat had that not been a part of this equation. You know, this could easily be just another cannabis venture, but with Jay-Z as a visionary and with Roc Nation's support, it becomes an incredibly interesting proposition for everybody who's involved here. Shawn "Jay-Z" Carter, chief visionary officer of The Parent Company. Shareif Ziyadat/Getty Images How would you describe his vision for the social equity ventures initiative?Yeah, well, it's pretty clear what.. First and foremost, I think.. He's put his money where his mouth is [guarded laugh]. I think that's the first thing is the financial commitment up front. You've probably read that we have $10 million in an equity fund set aside to help support Black and Brown entrepreneurs in this space. But in addition to the financial support, what's really been at the heart of what Jay-Z's done with his other organizations like at Roc Nation, and what we're doing here is we're gonna make sure that we break down any barriers to entry for folks to get into the industry. But also, importantly, we're going to be there to support them and ensure they're successful.So the financial part of it is only one part of the equation. It's making sure that our experts, the people that have industry experience, spend time with these companies, as they're trying to form, to lend our expertise and energy towards their decision-making to ensure that that part of it is sound, and it's incredibly important to everyone involved. So the commitment from an equity standpoint is not just dollars and cents, while that is a strong commitment that you have to have up front, and that has been made. It has really gone beyond that to make sure that all the barriers are broken so that people can be successful, and importantly, people are surrounded by talent that can help answer some questions they may not have answers to today.Two examples that I have. One is we're helping a young Black entrepreneur in Los Angeles with the first-ever independently owned cannabis retailer that's owned by a Black woman in Los Angeles. It's called Josephine and Billy's. Obviously we've invested in dollars, but my team just sat down with their management team last week to go through product and pricing strategy and placement strategy inside the building, and any other operational questions that Josephine and Billy's team may have. And the second one is Peakz Company, which is a company aimed at really bringing culture to the cannabis industry. And this young man out of Oakland - I call Oakland my adopted hometown now that I live there - and seeing a brand that's created there, from the ground up in Oakland, and we are a big part of helping them get that brand on the map and making sure they have the right financial support, but also, again, the right strategic support that that we can lend to them, is critically important. So the vision really is to create successful organizations in this space that can help contribute to the success of a new shape, the industry that's being shaped right now, by making sure that we give Black and other minority entrepreneurs an opportunity to be successful in this space. It's not just the money, but it's also the resources and the know-how, is what we'll bring.Roc Nation rapper Jim Jones, who partnered with The Parent Company, told me in an interview that he views The Parent Company as "an Amazon" in the cannabis industry. Is that an apt analogy, in your mind, of the vision for the CPG?Well, it really depends on if you're thinking of Amazon as a friend or foe. But I would say there's obviously some things that I would say are Amazon-esque that I value as someone that likes to build brands. And that's exactly what we're going to do here. One is, can you create the right ecosystem where you actually control the entire experience someone has when they step into your ecosystem? So, for example, we own everything from cultivation to the moment in which the products are either delivered to you across the counter with a budtender or at your doorstep through delivery. The thing I like about that is that we control every aspect of the experience, and that allows us to have an opportunity to get that all right, and it'd be a material difference in terms of what we offer versus others. So, there's some things I love about Amazon, like the convenience factor of Amazon. Obviously as a manufacturer, which is my other world, there were some things that scared the hell out of me [laughs]..[Laughs]...in Amazon. Right? But I'd say, I think the one thing that we can all agree on is that Amazon has made our life a whole lot easier and better, and that's because of the convenience factor. You get a chance to shop how you want, when you want it, have it delivered when you want it, whenever it's convenient for you. And those are the things that we all admire that certainly we're trying to accomplish here at The Parent Company as well. I haven't had a conversation yet with Jim Jones personally about this yet. So I'll have to get his take on it, over some Monogram and maybe a glass of Ace of Spades. We'll have to figure that out.Love to hear it. [Laughs]. Wish I were a fly on the wall for it.[Laughs].With legalization in New York and New Jersey, is expansion into the East Coast on your radar at all now, or is your focus primarily on the challenges that the business in California presents?No, we have a desire to be on the coast, including New York and that Tri-State area. California is the battleground that we think is the most important one for today, but as we look towards tomorrow, we know that that Northeast corridor is going to be critically important. And, obviously, having Roc Nation as a partner lends itself to a successful formula for entry into that marketplace, you know? They can help us cut through a lot of clutter with their marketing clout and the muscle and equity that they've built globally, but also obviously in their backyard. That's an advantage we think we have that others won't. And so, yes, New York, New Jersey, Connecticut, is a part of the plan. But, obviously, California front and center, and that's where we've made the majority of our investments, but we're spending time exploring options from New York. As a matter of fact, I just returned from some time in New York last week where we were having some of those kinds of conversations.The company's reach, you estimate, is that over 80% of California's population has access to cannabis through the company. Is there room to secure a higher percentage than that? How do you view the remainder of that market?Yeah, our state objective is, by the end of 2022, to be able to reach 90% of California's with either delivery or in one of our dispensaries. So, being at 80% in a calendar year 2021 feels great. We are in a great position to deliver against that objective. But yes, we've identified what we call "tier one" and "tier two" markets within the state of California that we feel like we need to have a major presence in in order to hit that objective, and we have our eye set on one additional, call it "tier one," territory that we're aggressively pursuing that would round out our wishlist of markets to have a solid presence.But yes, 90% is the objective, and we're well on the way to get there and excited about the fact that we were able to close the Calma West Hollywood deal and the latest deal, about a week ago, with Coastal, which added five dispensaries and two depots, and some really highly sought out geography, places like Santa Barbara, where we feel like it's going to be an incredibly great fit for our portfolio, and obviously in the convenience of not only the in-store experience, but also delivery to your doorstep. We feel like we got a really good start on that objective, but we got a little bit more work to do to get to the 90% that we claim would be our strategic north in terms of achieving full coverage in the state of California. But well on our way, and feel great about that.Jim Jones and Alex Todd on scaling a cannabis brand in a pandemic and partnering with Jay-Z's cannabis companyJay-Z's cannabis company hires first Black CEO to lead a major public cannabis organization in the USRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 26th, 2021

Why Kroger (KR) is a Top Value Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.The Style Scores are broken down into four categories:Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankA proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Kroger (KR)The Kroger Co., which operates in the thin-margin grocery industry, has been undergoing a complete makeover, not only with respect to products but also in terms of the way consumers prefer shopping grocery. The company is launching plant-based products as well as eyeing technological expansion.  It acquired meal kit company Home Chef and partnered with British online grocery delivery firm Ocado that reinforces its position in the online ordering, automated fulfillment and home delivery space. It has also introduced grocery delivery service Kroger Ship and inked a deal with driverless car company Nuro.KR is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.75; value investors should take notice.Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $4.13 per share. KR boasts an average earnings surprise of 13.4%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, KR should be on investors' short list. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Kroger Co. (KR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks11 hr. 23 min. ago

A Non-Salesy Annuity Guide To Buying Annuities

In the past, buying an annuity was a lot of work. The first step toward determining whether an annuity is right for your retirement plan is to do a little research. In most cases, the first step is to answer important questions such as: What is an annuity? Which type of annuity is right for […] In the past, buying an annuity was a lot of work. The first step toward determining whether an annuity is right for your retirement plan is to do a little research. In most cases, the first step is to answer important questions such as: What is an annuity? Which type of annuity is right for me? You then have to go through a bunch of information and listen to several sales pitches to pick a company or agent. Then you’re ready to apply, which means double-checking and reading the annuity contract. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. As soon as you apply your funds, you might have to wait a little longer until the insurance company issues your policy. In today’s world, however, online financial services are almost universal. In fact, managing your assets is easier than ever thanks to virtual tax advisors and digital banks. It seems about time the annuity purchasing process got a little simpler, doesn’t it? The good news? You can finally buy an annuity online now. What Is an Annuity? Before going any further, let’s cover some annuity basics. An annuity essentially guarantees you a certain income for a set period of time. They’re contracts that are sold or distributed by some sort of financial institution, where the money is invested. Often, these institutions are insurance companies. Most people use them when they’re retired because they reduce the risk of outliving their savings. Basically, you pay the company upfront, then they pay you monthly. The contracts will set the age at which payments start, the interval between payments, etc. You may receive those payments monthly for a set period of time or for life, depending on how the annuity is structured. Alternatively, you can set up your annuity to continue paying income to your spouse after your death if you’re married. In a sense, annuities are like life insurance because there’s a guaranteed payout and a premium to pay. The difference? Those benefits usually go to your beneficiaries after you pass away. The Main Types of Annuities During retirement, most people purchase annuities to supplement their pensions and social security income. How come? The income is guaranteed for the rest of your life. As a result, if these other income streams dry up, they will still have money to live on. So let’s focus on the four types of annuities that will help you get this peace of mind. Fixed vs. Variable Annuities There are two types of annuities: fixed and variable. How do they differ? Fixed Annuities Fixed annuities are probably the most common and well-known type. In this case, a buyer buys a fixed annuity. As a result, the insurance company promises to pay a certain amount at a future date. While it might be decades away, it might be right now if you have an immediate annuity. How does the insurance company make this money? A lot of insurers invest in safe investments like U.S. Treasury securities and high-rated corporate bonds. You won’t become Elon Musk-rich through fixed annuities, as the returns on these investments aren’t high. However, they are predictable and safe. The regular monthly payments from fixed annuities make them a desirable option for people who don’t want to take risks. Inflation can also reduce the purchasing power of fixed annuities. It is possible to plan for inflation in some annuity contracts, however. Variable Annuities With a variable annuity, an insurer invests in various mutual funds. Investments can, however, be chosen by the buyer. The performance of these funds determines the growth of the account. In addition, variable annuities can pay out a fixed amount or change based on performance. Annuities with variable rates are more suitable for those who are willing to take on some risk in order to generate higher returns. Variable annuities are usually best for experienced investors who know about mutual funds and their risks. Equity Indexed Annuities In equity-indexed annuities, the interest rate is linked to a particular index, such as the S&P 500. The rate of growth of the contract will be determined by the insurance company. An equity-indexed annuity is complicated since insurers calculate index returns using various methods. Despite not knowing how much you’ll get back, the calculations should give you a general idea. The return on equity-indexed annuities is not usually reflected in reinvested dividends, and surrender charges can be high. Immediate vs. Deferred Annuities Depending on when the payments start, annuities can either be immediate or deferred. When purchasing an annuity, you should ask yourself if you want regular income now or in the future. Let’s quickly review each of their benefits and drawbacks in order to help you answer that question. With deferred payments, your money grows over time. An annuity can accumulate earnings tax-free until you begin receiving payments, similar to a 401(k) or IRA. Continuing to accumulate that amount may result in higher future payments. Annuity terminology refers to this period as the accumulation period. An immediate annuity is exactly what it sounds like. After the buyer pays the insurance company one lump sum, they can begin receiving payments. A fixed or variable annuity can be a deferred annuity as well as an immediate annuity. How to Buy an Annuity Buying an annuity starts with assessing your financial situation. In particular, how much income do you think you’ll need from an annuity, and how long will it last? Traditionally, a financial advisor would help you understand what you need from an annuity depending on your current financial situation. Based on your age and retirement status, you can choose an annuity based on your goals and risk tolerance. For instance, fixed annuities can provide reliable income, but they may yield lower returns. Variable annuities on the other hand tend to have the highest risks. An indexed annuity splits risk and reward. The next step is to pick an annuity provider. Choosing a provider is key since annuity companies differ. The preferred company to work with has a stellar reputation and strong financial and credit ratings. You’re more likely to lose your annuity payments if the company’s credit rating is low. Once you’ve chosen a provider, you can apply. This requires sharing personal and financial information. Before submitting your application, make sure it’s accurate, as mistakes or omissions could slow things down. Next, pay the required premiums. It can be a lump sum or a series of payments. Choose how you’ll pay these, either from a savings account, brokerage account, or some other source. If you withdraw money from a brokerage account or tax-advantaged account to buy an annuity, you might get hit with taxes. When the annuity is funded, the free look period starts. If you want, you can review the annuity’s terms during this time. Your money is refunded if you decide annuities aren’t for you during the free look period. You might have to pay a surrender fee if you want to surrender your annuity later. Can You Buy Annuities Online? Short answer? Absolutely. You should remember, however, that an annuity is a type of insurance product that can provide you with lifetime income. In terms of retirement planning, it can be a valuable tool. As such, It’s critical to consider factors like fees, customer service, and investment options when choosing a company. Because of that, you should use an annuity expert, otherwise, you might be putting your retirement in jeopardy. As such, deferred annuities are great for people who want their funds to grow tax-deferred over time, while immediate annuities are excellent for people who need income immediately upon retirement. There are a few providers that are bringing the annuity process into the 21st century. Rather than going through an agent, you can purchase certain types of annuities directly online. In fact, annuities can be purchased online from several reputable companies such as Vanguard, Fidelity, and TIAA-CREF. What Are the Steps to Buying an Annuity Online? It is easy, fast, and safe to buy an annuity online. Here’s how it works. Get a quote. Make sure you do your research before buying an annuity online. An expert can provide quotes based on your specific needs if you are interested in researching annuities. Gather the information you need. Your social security number, driver’s license, bank account number, and routing number will be needed. In the case of adding an annuitant other than yourself, you will also need their name, address, email address, phone number, and social security number (or green card). The name of at least one beneficiary is always advisable. Providing the insurance company with as much information as possible about the beneficiary makes it easier for them to contact them if needed. Answer these questions. In addition to selecting your contract term and starting fund amount, you will be asked a few basic questions. You may be asked: “What kind of emergency fund do you have?” “Will you need your money before 59 ½? ” No, these aren’t trick questions. The annuity provider wants to determine whether an annuity is right for you, just as an insurance agent would. Select the beneficiary and the annuitant. In the event that your contract is annuitized, the annuitant is entitled to annuity payouts. There is a possibility that this is you. The payouts can, however, be made to someone else (like your spouse or kids) instead of you. The annuity will still belong to you. It’s just that you won’t receive the payouts. Alternatively, beneficiaries receive your annuity if you die before the contract ends. Typically, they won’t charge surrender charges for cashing out your premiums. Decide how you will fund your annuity. Don’t overlook deciding how you’ll fund your annuity. The most common way to transfer money is via a check or wire transfer. Your annuity can also be funded with money from a 401(k) or IRA (qualified funds). You can also transfer an annuity from one insurance company to another. Your application needs to be reviewed and signed. Make sure your information is right, sign your documents online through a service like DocuSign, and you’re good to go. You’ll have a guaranteed retirement income within 48 hours. Why Should You Buy An Annuity Online? Convenience is the biggest benefit of buying an annuity online. From the comfort of your own home, you can also compare different annuities. Furthermore, you’ll have all the info you need at your fingertips. Annuities are cheaper online than through traditional brokers, too. There are no agent fees. Commissions are traditionally paid to insurance agents who sell annuities. Although you may not pay an agent directly, you’re not out of the woods: commissions are usually included in your return. In other words, insurance companies give you a lower interest rate to compensate for the cost of your agent. When you buy an annuity online, you don’t have to deal with an agent, so there’s no fee for them. Since the insurance company doesn’t pay commissions to agents, they can offer you a better rate as well. There’s no pressure to buy. What’s the most appealing thing about buying annuities online? No one is trying to pressure you into buying an annuity on the spot. It’s okay to close your laptop, walk around, take another look at your retirement plan, call your financial planner, and come back to it later. It’s faster. The process is faster and easier. When you buy an annuity online, you get straight to the point: owning one. Even better? Conversations don’t drag on. You won’t hear any more sales pitches. You simply buy your annuity and you’re on your way. How Risky Is An Online Annuity Purchase? Annuities aren’t easy to understand, so buying them online can be risky. As such, before you commit to an investment, make sure you have done your research and you’re comfortable with it. As with any financial transaction, there is always the possibility of fraud. By using a credit card instead of a debit card and working with a reputable company, this risk can be mitigated. Annuities should be purchased with caution, as with any other investment. You should not lock yourself into any products until you are sure that you fully understand them. The following are some things you should consider before buying an annuity online. Having an expert on hand may be helpful. In some cases, annuities are downright complicated, especially fixed and variable index annuities. A financial professional or insurance agent can help you understand complex annuity contracts. The information you provide must be personal. Data theft online is no laughing matter. Be sure your annuity provider keeps your valuable information secure before giving out your personal information online. In addition, make sure to buy your annuity through a trusted Wi-Fi connection, such as your home network, if you want to be extra safe. You may not be able to purchase annuities from your online provider. It’s not uncommon for some websites to advertise “online annuities” when, in reality, they’re just providing quotes. Their system generates annuity quotes from insurance companies in your area based on your personal information. However, you will still need to buy an annuity the traditional way, usually in person or over the phone. Moreover, some of these quote-generating sites sell your personal information to insurance companies. You should avoid these sites if you hate receiving unsolicited calls and emails. Online Annuities: Which Are Safe? Fixed, fixed index, immediate, or long-term care annuities are often the safest to buy online. Annuities with fixed interest rates give you a guaranteed return. If your annuity contract is up, you will receive a lump-sum payment combining your original investment and interest. The S&P 500 or Nasdaq Index is used when calculating the interest rate on a fixed index annuity. As you earn interest, your money is not directly invested in the stock market, but rather used as a “measuring stick”. If your annuity contract expires, you’ll receive a lump-sum payment that includes your original investment plus interest. It is possible to convert a lump sum of money into an immediate annuity. This produces a guaranteed income stream for the rest of your life or for a fixed period. With these annuities, you can rest assured that your money will not be lost due to stock market volatility. What Annuities Are Best Purchased Directly From An Agent? In general, it is better to consult with an agent rather than purchase an annuity since there are many poor-quality or poorly-rated annuities available. Additionally, the agent receives a commission from the insurance company instead of charging you a fee. If you are considering buying variable annuities, you should consult a financial advisor. The reason? They are complex, have investment risks, and can be expensive. How Should You Choose an Online Annuity Provider? A high-quality insurance company will cost you a lot of money, so you should be careful when choosing one. Consider these five qualities before making a decision. Financial stability. It’s important to remember that annuities aren’t insured by the FDIC, nor are they backed by the federal government — although insurers are backed by their state guaranty association. You should therefore choose an insurance company with good financial standing in order to protect your retirement income. What is the most effective way to ensure that? Check the ratings of independent credit rating agencies such as Standard & Poor’s, Moody’s, Fitch, and A.M. Best, in order to assess your insurance provider’s financial stability. Protection of data. Personal information should be as critical to your insurer as it is to you. As technology evolves, reputable data security providers should partner with them and continue to update their software. Also, they should explain why they need your personal information in a clear manner. You should be wary if they ask for your credit card number if it’s not related to buying an annuity. Last but not least, make sure the insurance company’s website is safe and encrypted. Contact customer service to learn more about data protection for complete peace of mind. Openness and transparency. Even though annuities can be complex, your insurer should never take advantage of their complexity. Even the tiniest details should be clearly spelled out in your contract by your insurer. In other words, know what to expect if you withdraw money early and what will happen if you pass away before you retire. Advice from experts. Online insurance buying should be simple. At the same time, if you need help, you should be able to speak with a licensed agent at your insurance company. It is a must for these agents to provide you with a clear explanation of the licenses they hold. In addition, they should answer your questions in plain English without trying to upsell you. Exceptional service. As a last step, ensure that your insurance company is actually willing to serve your needs. Look for customer complaints on the Better Business Bureau (BBB) or third-party review sites to get an idea of their service. Selling Your Annuity Are you aware that you can also sell your annuity? It’s true. Many annuitants sell the rest of their annuity value when they no longer need the money. Either the entire annuity value or a specific portion can be sold. In order to sell your annuity, you have three main options. An entire annuity can be sold. The assets in your annuity will be liquidated if you sell the entire value. All future payments and income won’t be available to you. In accordance with your contract, you can take the lump sum amount from the buyer. Partial sale of annuity payments. Depending on your needs, you may wish to sell only a specific portion of your annuity. While enjoying the tax benefits, you can continue receiving periodic incomes. A partial period of payment can be sold to a buyer if you need hard cash urgently. By selling one or four of your upcoming payments, for example, you will continue to receive your payment as normal once the period has ended.   You can sell a portion of your payments. Payments can be sold in chunks as well. This is known as a partial buyout. In this case, you can accept a lump sum amount and agree to share a specific amount in your periodic payments. The Benefits Of Buying And Selling Annuities There are a lot of benefits to selling your annuity. For example, if you have any pending payments, liquid cash will help you pay them off. As a result, you’ll be able to meet your financial needs. And, more importantly, when you have your own money, you don’t have to borrow it. Aside from that, an annuity has a lot of advantages. Besides providing annuitants with a stream of income, annuities also offer tax advantages. With its tax-deferred payment method, contributions are limitless. Also, all your money goes to your beneficiaries if you die. FAQs When is the best time to buy an annuity? You should buy the annuity as soon as you can. Ideally, though, you should choose the annuity if you’ve maxed out your limits in other retirement plans. Is there a time when annuities shouldn’t be bought? Annuities aren’t for everyone. For example, there’s no need to get one if you have something already that covers your retirement. It’s also not a good idea to buy one if you’re getting social security or pension benefits to cover all of your expenses. And, it may not be the best investment for you if you want high returns. In addition, annuities aren’t for people with poor health or who are struggling in the current investment climate. Are annuities guaranteed, and if so, by whom? There’s no federal agency that protects your annuity’s principal value like the FDIC. So, it’s possible to lose some of your investment’s principal. In other words, you take the same risk when you invest in stocks, bonds, mutual funds, and ETFs. It is possible to obtain up to $100,000 of coverage through a guarantee association in most states, however. In the event of a default by the insurance company, this would offer a measure of protection like the Securities Investors Protection Corporation (SIPC). In contrast to SIPC, the guarantee association isn’t government-backed. It’s an industry arrangement between various insurance companies. Can an annuity be a good investment? In order to determine whether an annuity is a sound investment for you, you must first determine your financial needs and goals. You can however purchase an annuity if you want a guaranteed retirement income. If you want to boost your monthly benefit amount by delaying taking your Social Security benefits, you can get an annuity instead. In the same way, married couples want to make sure their spouses are okay if they pass away. Depending on how the annuity is structured, your spouse may still get payouts after you die. If, however, you lack cash on hand to cover the premiums or you haven’t taken full advantage of other savings options, an annuity may not make sense. You can benefit from some important tax advantages if you max out your 401(k) or IRA each year. Another option to save tax-free is to use a health savings account (HSA). Is the provider of the annuity financially sound? By purchasing an annuity, you are trusting the company backing the annuity to pay you in the future. So it’s important to make sure the company is financially sound. You should only invest in an annuity provider that is consistently rated highly by the major credit rating agencies, like AM Best, Fitch, Standard & Poor’s, and Moody’s. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old, while attending the University of Utah, he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months, he had several surgeries, stem cell injections and learned how to walk again. During this time, he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine and Finance Expert by Time. He is the Founder and CEO of Due......»»

Category: blogSource: valuewalk12 hr. 23 min. ago

E-cig startup Juul is talking to Philip Morris, Altria, and Japan Tobacco about its future, WSJ reports. Here"s a rundown of the startup"s rise and fall.

Juul rebranded three times, sold assets, and attracted nontraditional investors. Now, it's reportedly in partnership talks with big tobacco companies. Eva Hambach/Getty Images The e-cigarette company Juul reportedly is in talks with three big tobacco companies about its future. The talks with giants like Philip Morris are aimed at securing a possible sale, strategic investment, or other deal, the Wall Street Journal reported. Here's a rundown of the company's history, from its $38 billion valuation to legal settlements. Juul is looking for a fresh start.The e-cigarette maker is talking to some of the biggest names in the tobacco industry, including Altria, Philip Morris, and Japan Tobacco, about options for its future, the Wall Street Journal reported on Wednesday. The talks were in early stages and covered a range of potential options, ranging from an outright sale to one of the larger companies to licensing deals, distribution deals, or a strategic investment, the Journal reported.Juul did not immediately respond to a request from Insider for comment.Over the last several years, Juul has gone from a darling of Silicon Valley to a company beset by legal challenges. It also fell from a valuation of $38 billion in 2018 to just $1 billion last October, according to the Journal.Scroll down to see Juul's rise and decline:2004: At Stanford, the product-design grad students James Monsees and Adam Bowen create the idea for Ploom, Juul’s precursor.Juul.com / YouTubeMonsees and Bowen have said they were smokers who met on smoke breaks while pursuing master's degrees in product design at Stanford University. Their thesis presentation, now posted on Juul's website, describes their product as "the rational future of smoking."2007: Monsees and Bowen found the vaporizer startup Ploom in San Francisco.YouTube / Hyphy SF By February 2008, Ploom raised $900,000 in venture funding, putting its valuation at roughly $3 million, according to PitchBook.A 2011 description of the Ploom device, which sold for $75, described it as a heat-not-burn product that could be filled with single-serve refills called "Ploom Pods." The pods could include tobacco or non-tobacco ingredients, it said. Aug. 1, 2013: Ploom debuts the Pax with a launch party in San Francisco.Ploom at Robin Thicke's album-release party in 2013 in New York.Andrew Toth / Getty ImagesAfter raising close to $5 million, Ploom launched a device called the Pax, a vaporizer for loose-leaf tobacco that could also be used for cannabis.To debut the device, Ploom hosted a launch party in San Francisco's trendy Mission District.At this time, Ploom investors included Japan Tobacco, the maker of Winston and Salem cigarettes, along with the software company Originate and the angel investment group Sand Hill. Feb. 16, 2015: Monsees and Bowen sell the Ploom brand and a vaporizer line to the Japanese tobacco company JTI. They rebrand as Pax Labs.Japan Tobacco Inc.'s president and CEO, Mitsuomi Koizumi, using a Ploom during an interview with Reuters at the company's headquarters in Tokyo in 2017.Toru Hanai / ReutersAs part of the deal, JTI said in a statement that Ploom would buy back JTI's minority stake in the startup.June 1, 2015: Pax Labs launches the Juul with a party in New York City.SRITAPax introduced the Juul with a launch party in New York City.A trove of images collected by Stanford researchers suggested that the campaign focused on a young audience. Guests were invited to try Juul's products free and share selfies on social media, Business Insider reported."Juul's launch campaign was patently youth-oriented," Robert Jackler, a practicing Stanford physician who was the principal investigator behind the tobacco-image collection, told Business Insider.2016: Juul sales skyrocket 700%.An ad on Juul's website from 2016.Juul devices gained popularity. Sales rose 700% in 2016, ABC 7 News reported.July 1, 2017: Monsees and Bowen spin out Juul Labs as an independent company and name former Pax Labs CEO Tyler Goldman CEO.Pax Labs; Melia Robinson/Business InsiderGoldman came to Pax from the music-streaming startup Deezer then took over Juul Labs.Nov. 2017: Juul is the best-selling e-cigarette on the market.Pax LabsJuul said it'd sold 1 million units. The company also captured a third of the e-cigarette market, according to Nielsen data.Dec. 11, 2017: CEO Tyler Goldman leaves Juul. The company replaces him with Kevin Burns.Juul's new CEO, Kevin Burns.Juul/YouTubeGoldman left Juul to "pursue new entrepreneurial activities." The company hired Burns from the yogurt company Chobani.Dec. 2017: Juul raises $112 million in venture funds and adds Nicholas Pritzker to its board, according to PitchBook.The industrialist A.N. Pritzker in 1982. The wealthy Pritzker family owned the chewing-tobacco giant Conwood before selling it to the tobacco giant Reynolds. They also founded and expanded the Hyatt Hotels chain.AP PhotoThe fresh funds came from firms including Tao Capital, Fidelity, and Evolution, according to PitchBook.Nicholas Pritzker, Tao's cofounder, joined Juul's board, CNBC reported. Pritzker is a member of the wealthy Pritzker family, which owned the chewing-tobacco giant Conwood before selling it to the tobacco giant Reynolds. The Pritzkers also founded and expanded the Hyatt Hotels chain.On an undisclosed date, Tao Capital sold its stake in Juul to the hedge fund Tiger Global and Manhattan Venture Partners, PitchBook said.The venture fund M13, another early Juul investor, sold its shares in the spring of 2018.This slide has been updated with new information about M13's investment.March 2018: Dozens of outlets report that 'Juuling' is an epidemic at high schools.A Juul ad from 2016.Pax LabsNational news outlets including National Public Radio, USA Today, and Business Insider reported that the Juul had a loyal and growing following among young people.All of the reports said teens were taking to social media to brag about being able to sneak puffs in class or in the bathroom thanks to Juul's discreet design.April 2018: Led by Commissioner Scott Gottlieb, the US Food and Drug Administration starts an 'undercover blitz' to crack down on sales of the Juul to minors.Scott Gottlieb, then the FDA commissioner.ReutersIn what the FDA said was the largest coordinated enforcement effort in agency history, the FDA issued more than 1,300 warning letters and fines to retailers who it said were illegally selling Juuls and other e-cigarettes to minors. The FDA found the retailers by conducting what it called "a nationwide, undercover blitz.""Let me be clear to retailers," Gottlieb, then the FDA's commissioner, said in the statement, "this blitz, and resulting actions, should serve as notice that we will not tolerate the sale of any tobacco products to youth."April 2018: Wall Street analysts warn that Juul is starting to encroach on Big Tobacco's financial terrain and could negatively affect Altria stock.A close-up view of cigarettes on June 10, 2015 in Bristol, England. Health campaigners have asked for a levy on the tobacco industry to help fund anti-smoking measuresMatt Cardy/Getty ImagesIn a research note, Citigroup analysts warned investors that the Juul was beginning to disrupt tobacco stocks.The note suggested that the rise of the Juul could bode poorly for tobacco companies — including Altria, British American Tobacco, and Imperial Brands — as sales were falling faster than expected."The US tobacco market is beginning to be disrupted by Juul," the analysts wrote, adding, "We don't expect underlying cigarette trends to improve much in the rest of 2018."May 2018: Juul doubles its staff to 400 people.Pax LabsJune 2018: San Francisco bans flavored e-cigs like the Juul, prompting an endorsement from Michael Bloomberg.An ad from the California Department of Public Health supporting San Francisco's ballot measure to ban the sale of flavored e-cigarettes like Juul.California Department of Public HealthBloomberg, the former New York City mayor who is CEO of Bloomberg Philanthropies, called the move "an important step forward for public health" and said it should embolden other cities and states to follow suit.July 8, 2018: Wall Street analysts say Juul is reviving the formerly comatose e-cig market, which had been slumping since 2014.AP Photo/Craig MitchelldyerIn a research note, Morgan Stanley analysts credited Juul with "driving a revival in the US e-cig market," adding that sales of Juul devices "accounted for almost the entire incremental increase in US e-cig sales as a percent of total cigarette and e-cigarette sales in the last year."July 10, 2018: Juul raises $1.2 billion in a round that values the company at more than $16 billion, according to PitchBook.Bowen and Monsees at the Hotel Tortue in December 2018 for Juul's launch in Germany.Getty Images / Picture AllianceThe seven investors in the round included a maker of marijuana therapeutics, called Applied Biosciences, along with the the venture firm Bracket Capital, the hedge funds Darsana Capital and E Squared Capital, the investment giant Fidelity, the angel investor Sand Hill, and Tiger, according to PitchBook.Aug. 21, 2018: Israel bans Juul products, calling them a 'grave risk to public health' because of their high nicotine content.A package of the Juul device and flavored Juul nicotine Pods.JUUL LabsIn a statement, Israel's Health Ministry said it's banning the sale and import of Juul devices because they contained more than 20 milligrams per milliliter of nicotine and presented "a grave risk to public health," Reuters reported.Sept. 11, 2018: The FDA deepens its crackdown on Juul and other e-cig makers.FDA commissioner Scott GottliebReutersIn a statement, then-Commissioner Gottlieb said the FDA was working on creating a system to "properly regulate" e-cigarettes like the Juul.He said the aim was twofold: make e-cigarettes available as a less-dangerous alternative for adult smokers, but also keep them out of the hands of young people.Oct. 2, 2018: The FDA surprises Juul at its headquarters and seizes 'thousands of pages of documents' as part of an investigation into its marketing practices.Reuters/Ronen ZvulunThe agency was running an investigation into whether Juul marketed its products to teens, CNBC said.The visit was an extension of the FDA's request in April for materials related to how Juul presented its products and whether they were designed to appeal to kids, according to CNBC.Oct. 2018: Juul surges in popularity, now accounting for over 70% of the US e-cigarette market, according to Nielsen data.Reuters / Brendan McDermidNov. 13, 2018: Juul stops selling its sweet and fruity flavors at stores, making those varieties only available online.Hollis Johnson/Business InsiderJuul says it will temporarily stop selling its flavored e-cigarettes in stores.The move comes on the heels of a similar ban on flavored e-cigs that the city of San Francisco enacted over the summer.Researchers nearly unanimously praised the move, which they say could help protect young people by making the products less appealing and harder to purchase. Juul's flavored varieties will still be sold online, the company says.Nov. 15, 2018: The FDA announces plans to curb flavored e-cig sales after reports that youth vaping has ballooned 78%.A high-school student vaping near a school campus in Cambridge, Massachusetts.Associated Press2018: The Federal Trade Commission begins investigating whether Juul marketed its products to minors.Members of the Federal Trade Commission.REUTERS/ Leah MillisThe Federal Trade Commission began looking into Juul's use of influencers and other marketing tools to appeal to young people, The Wall Street Journal reported in August 2019.According to The Journal, the FTC's investigation began before it started reviewing a deal between Juul and the Marlboro maker, Altria, in December 2018.Dec. 20, 2018: Altria buys 35% of Juul for $12.8 billion, bumping Juul's valuation to $38 billion. Gottlieb accuses both companies of backing away from pledges to curb youth vaping.Packs of Marlboro cigarettes on sale.REUTERS/Brian SnyderIn what the Silicon Valley Business Journal called "the biggest investment ever in a US venture-backed company," Marlboro and the Parliament cigarette maker, Altria, paid $12.8 billion for a third of Juul. That gave Altria more combustible-cigarette market share than the next seven brands combined, according to the Centers for Disease Control and Prevention.Juul, which had an annual revenue of about $2 billion at the time, also received a $2 billion bonus from Altria to distribute among its 1,500 employees, CNBC reported. That would have been about $1.3 million a person.On the heels of the deal, Gottlieb called out both companies, saying they were backing away from previous pledges to fight teen vaping. March 5, 2019: In a surprise announcement, Gottlieb announces he's leaving his post as FDA commissioner.FILE PHOTO: U.S. Food and Drug Commissioner Gottlieb attends interview at Reuters HQ in New YorkThomson ReutersGottlieb, a well-liked figure who spent just two years steering the country's top food and drug regulator, said he was leaving in a month to spend more time with his family in Connecticut.The commissioner had made a name for himself as both a vocal critic of e-cigarette startups like Juul and a speedy approver of new pharmaceutical drugs.In a resignation letter, Gottlieb wrote that one of his accomplishments at the FDA was taking actions against "bad actors that put Americans at risk."March 13, 2019: Gottlieb announces a crackdown on flavored e-cig sales.Reuters / Mike SegarRoughly a week after announcing his departure from the FDA, Gottlieb released a plan to crack down on flavored e-cigarette sales at gas stations, pharmacies, and convenience stores. The plan would also crack down on websites without buffers against youth purchases, such as age-verification software or quantity limits.April 3, 2019: The FDA says it's looking into a 'potential safety issue' related to seizures tied to vaping.ShutterstockIn a statement, Gottlieb said his agency had seen reports suggesting that a small number of e-cigarette users (35 cases from 2010 to early 2019) had experienced seizures after vaping.By August, the FDA said it had received 127 reports — but noted that the new figure might simply mean more people were coming forward, not necessarily that cases were increasing.Gottlieb also noted that seizures were known as possible side effects of nicotine poisoning and said the agency would continue exploring whether there was a connection.April 8, 2019: Democrats in the US Senate launch an investigation into Juul's deal with Altria as well as its social media and advertising practices.Sen. Elizabeth Warren of Massachusetts.Sergio Flores/Getty ImagesEleven Democratic senators, including the party whip Dick Durbin and the presidential candidate Elizabeth Warren, wrote a letter to Juul demanding that the company answer questions about its advertising practices and its deal with Altria, CNBC reported.June 13, 2019: The US House of Representatives announces an investigation of Juul's marketing and the Altria deal.Members of the U.S. House of Representatives are sworn in on the House floor January 3, 2017.Jonathan Ernst/ReutersHouse Democrats launch their own investigation into Juul, Fortune reports.July 16, 2019: Juul's CEO apologizes to parents of teens addicted to its vaping products.CBS This MorningIn a CNBC documentary, Juul Labs CEO Kevin Burns issued an apology to parents of teens who were addicted to the company's vaping products."First of all, I'd tell them that I'm sorry that their child's using the product," Burns said.July 25, 2019: Officials in Wisconsin warn of eight cases of severe lung disease in teens who'd vaped. It's unclear what kinds of products or substances are involved.Simah Herman, 18, on September 19 with a photo of her former vaping devices in Los Angeles. Herman was in a medically induced coma and treated for pneumonia and lung-disease from vaping.Reuters / Lucy NicholsonIn July, Wisconsin's chief medical officer wrote a memo to healthcare providers warning them about a cluster of sick adolescents who had used e-cigarettes. Chest X-rays of the teens revealed similarities in lung damage, he says. The following month, the CDC released an emergency notice about 30 cases of vaping-related lung illness in Wisconsin. In mid-August, officials reported the first death tied to vaping-related lung illness: an adult in Illinois. By September, the CDC and the FDA said there had been 530 confirmed and probable cases of the mystery illness since June. Seven people died. The investigation is ongoing, and officials have yet to find a substance or brand that's common among all the cases.Aug. 16, 2019: Juul raises $785 million in equity and debt financing from Proioxis Ventures, according to PitchBook.Melia Robinson/Business InsiderThe funds will be used to speed Juul's expansion overseas, according to PitchBook. The figure brings the company to $14.2 billion in funds raised.Aug. 29, 2019: Bloomberg says Juul devices were involved in three reports of seizures linked to vaping.Brendan McDermid / ReutersIn three reports submitted to the FDA, people said they or their children had used a Juul before experiencing seizures, Bloomberg News reported. Bloomberg obtained the reports through a public records request.In two of the three reports, the FDA wasn't able to officially confirm that a Juul device was involved, according to Bloomberg.Aug. 29, 2019: Juul's CEO warns people against using Juuls and says vaping's long-term health effects are unknown.Juul's new CEO, Kevin Burns.Juul/YouTubeIn an interview with CBS, Burns said anyone who wasn't already using nicotine, the addictive drug in Juul, should not start."Don't vape. Don't use Juul," Burns told CBS.Sept. 9, 2019: The FDA slams Juul for portraying its e-cigs as 'totally safe' and marketing them to kids at schools.An ad showing a plate of food suggesting that users "save room for Juul."JuulIn a warning letter, the FDA said Juul wrongly painted its e-cigarettes, known in the industry as ENDS, as safer than cigarettes and marketed them intentionally to young people."Referring to your ENDS products as '99% safer' than cigarettes, 'much safer' than cigarettes, 'totally safe,' and 'a safer alternative than smoking cigarettes' is particularly concerning because these statements were made directly to children in school," the FDA letter said."Our concern is amplified by the epidemic rate of increase in youth use of ENDS products, including Juul's products," the letter added.Sept. 17, 2019: Juul sales are halted in China for unclear reasons.An employee at a Tmall logistics center in Suzhou, China.Thomson ReutersA selection of flavored Juul products that went up for sale on two online Chinese marketplaces, JD.com and Tmall, were removed within a week, The Wall Street Journal reported. Both retailers declined to say why.Juul had long been planning to launch in China, where more than 300 million people smoke, according to the World Health Organization. Its nicotine refills, or Juul Pods, are manufactured in Shenzhen, China.Sept. 18, 2019: India bans vaping, citing the "impact of e-cigarettes on the youth."Reuters / Neil HallIndia outlawed the production, sale, import, and advertising of e-cigarettes, citing the need to stop the "impact of e-cigarettes on the youth," BuzzFeed News reported. Penalties include jail time and fines of up to $7,000.Juul had been planning to launch in India, home to more than 106 million smokers — second only to China — by the end of 2019.Sept. 23, 2019: The US Attorney's Office for the Northern District of California has reportedly launched a criminal investigation into Juul.REUTERS/Ronen ZvulunThe Wall Street Journal reported that federal prosecutors in the US Attorney's Office for the Northern District of California were conducting a criminal investigation of Juul. Further details, such as the focus of the investigation, were not available, and Juul didn't respond to a request for comment from Business Insider.Several other investigations are ongoing, including an investigation by the Federal Trade Commission focusing on whether Juul marketed to teens and an FDA investigation focused on marketing, outreach, and Juul's uniquely high nicotine content.Sept. 24, 2019: Juul reportedly prepares to scale back its staff.A woman exhaling a puff of vapor from a Juul e-cigarette.Associated Press / Craig MitchelldyerJuul began preparing to restructure its staff as it faced slower sales resulting from increasing reports about the mysterious vaping-related lung illness, the proposed US ban on flavored e-cigarettes, and a variety of other investigations, The Wall Street Journal reported.The company employs roughly 3,900 people, according to The Journal, up from the 200 it had in 2017.For now, Juul plans to hire less aggressively and start outlining plans to cut some jobs, according to The Journal, but will still continue to expand. Sept. 25, 2019: CEO Kevin Burns steps down and is replaced by longtime tobacco executive K.C. Crosthwaite.Former Juul CEO Kevin Burns.CBS This MorningCrosthwaite was most recently chief growth officer at Altria, and has worked in tobacco for more than 20 years.In announcing the change, Juul also said it would suspend US advertising and some lobbying efforts. Crosthwaite said he would "strive to work with regulators, policymakers and other stakeholders, and earn the trust of the societies in which we operate."Oct. 7, 2019: A crop of school districts across three states sues Juul.ShutterstockFour school districts sue Juul in what appears to be the beginning of a trend.The districts include Three Village Central in New York, La Conner in Washington, Olathe in Kansas, and Francis Howell in Missouri. In separate suits filed on Monday, the districts argue that Juul created a public nuisance by intentionally marketing to kids; misrepresenting its products' nicotine content; and endangering teens' health, according to public documents that Business Insider viewed.Cindy Ormsby, an attorney for the Missouri case, told the Riverfront Times that the Francis Howell lawsuit is "part of a coordinated package of litigation filed by school districts across the country, each dealing with a similar crisis of students addicted to nicotine." In September, Kansas City school district Goddard became one of the first to announce that it was preparing a lawsuit against Juul.The lawsuits seek unspecified damages and legal fees.Oct. 17, 2019: Juul extends its ban on sweet and fruity flavors to include online sales.SRITAJuul announces that it is stopping online sales of its mango, fruit, cucumber, and cream varieties. Last fall, the company temporarily banned sales of those varieties in stores. As of Oct. 17, those flavors can't be purchased in-person or online.In a statement, Juul says it "will continue to develop scientific evidence to support the use of these flavored products."Oct. 28, 2019: Juul reportedly plans to cut 500 jobs before year's end. Its chief marketing officer departs the following day.Robyn Beck / AFP / Getty ImagesJuul looks to eliminate roughly 500 jobs by the end of the year, the Wall Street Journal reports.The cuts are part of a company-wide reorganization effort, according to the journal, and will involve anywhere between 10-15% of Juul's total workforce. "As the vapor category undergoes a necessary reset, this reorganization will help Juul Labs focus on reducing underage use, investing in scientific research, and creating new technologies while earning a license to operate in the US and around the world," KC Crosthwaite, Juul's new CEO, said in an emailed statement provided to Business Insider.The following day, the Journal reports that Juul's chief marketing officer is departing."Craig Brommers, an incredibly talented marketing executive, has asked to transition out of Juul Labs in the coming months so that he can pursue opportunities with other companies," a Juul spokesperson told the Journal.The spokesperson also said that as a result of Brommer's departure, the CMO position would be cut.Oct. 29, 2019: Juul names a new chief financial officer after its existing CFO asks to leave.Smith Collection/Gado/Getty ImagesJuul appoints Guy Cartwright its new chief financial officer after CFO Tim Danaher asks to leave the company, the Wall Street Journal reports.Cartwright previously served as managing director of the investment firm TowerBrook Capital Partners LP, and joined Juul in July, according to the Journal. Danaher had served as Juul's CFO since 2014.Oct. 31, 2019: Marlboro maker Altria, which owns a third of Juul, slashes the value of its stake in the company. Juul is now valued at $24 billion instead of $38 billion.Justin Sullivan / Getty ImagesMarlboro maker Altria, which last December purchased a 35% stake in Juul for $12.8 billion, cuts the value of its investment in the company by $4.5 billion.The move reveals that Juul is now worth $24 billion, down from $38 billion.On a conference call, Altria cited unexpected market shifts like regulatory crackdowns abroad and a proposed US flavor ban."We're not pleased to have to take an impairment charge on the Juul investment," Altria CEO Howard Willard said on the call. "We did not anticipate this dramatic a change in the e-vapor category," he added.November 7, 2019: Juul stops selling mint flavored options, leaving only menthol and tobacco flavored refillable cartridges.A screenshot shows 2015 advertising for Juul products displayed in a print magazineReutersJuul announces it will stop selling mint-flavored refillable cartridges, or Juul pods. In a press release, the company said it would immediately stop accepting orders for the mint-flavored pods from retail partners and stop selling mint-flavored pods online.According to the release, Juul's decision was based partially on new research  which suggested that mint and mango were the most popular flavors among high school students who Juul."These results are unacceptable," Juul Labs CEO KC Crosthwaite said in the release, adding, "that is why we must reset the vapor category in the US and earn the trust of society by working cooperatively with regulators, Attorneys General, public health officials, and other stakeholders to combat underage use."2020: Amid the pandemic, Juul lays off 40% of its workforce in April, 2020. It then lays off over half of its remaining staff, resulting in about a further 1,000 employees being cut.Shopkeepers stand inside a Juul shop at a shopping mall in Jakarta, Indonesia, December 30, 2019.REUTERS/Ajeng Dinar Ulfiana2021: By 2021, Altria slashes its valuation for Juul to $5 billion, while Juul itself asserts it was worth $10 billion. Two years prior, the company was valued at $38 billion.A hand with a cigarette is seen in front of displayed logos of Philip Morris and Altria in this picture illustrationReutersSeptember 30, 2021: The CDC and FDA releases a study that finds that over 2 million middle-and-high-school students in the US were using e-cigarettes.Eva Hambach/Getty ImagesThe study found that eight in 10 of those students used flavored e-cigarettes."These data highlight the fact that flavored e-cigarettes are still extremely popular with kids," said Mitch Seller, the director of the FDA's Center for Tobacco Products. "And we are equally disturbed by the quarter of high school students who use e-cigarettes and say they vape every single day."February, 2022: A judge rules that Altria can keep its investment in Juul.FILE - In this Dec. 20, 2018, file photo Juul products are displayed at a smoke shop in New York. The company that makes Marlboro cigarettes will take a $4.1 billion hit from its investment in Juul. Altria took a 35% stake in the e-cigarette company at the end of 2018 at a cost of almost $13 billion. The Richmond, Va., company on Thursday, Jan. 30, 2020 cited burgeoning legal cases that it expects to grow. (AP Photo/Seth Wenig, File)Associated PressAn administrative judge ruled that Altria didn't break antitrust laws by taking a 35% stake in Juul. The Federal Trade Commission had sued in 2019, and can still appeal the ruling. June 23, 2022: The FDA bans Juul from selling and distributing its e-cigarette products in the US, and also orders that all products currently in the market be removed.Markets InsiderAltria's stock plunged 10% on news of the ban. The FDA did briefly prohibit Juul products in the US, though an appeal of the decision forced the agency to put its decision on hold.December 6, 2022: Juul agrees to settle roughly 5,000 lawsuits that accused the company of marketing its products to teens and children.Julia NaftulinJuul got an equity investment to pay for the settlement costs, though the financial terms were not disclosed, the Wall Street Journal reported at the time.January 25, 2023: Juul executives were in discussions with major tobacco companies, including Philip Morris, Japan Tobacco, and Altria, the Wall Street Journal reported.Close-up of logo for e-cigarette or vape company Juul on glass window of convenience store in San Ramon, California, December 6, 2019.Smith Collection/Gado/Getty ImagesThe talks included multiple possibilities, including an outright sale of Juul as well as strategic investments and licensing and distribution deals, the Journal reported.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 25th, 2023

How To Build Business Credit With Bad Personal Credit

Having bad personal credit, admittedly, doesn’t make it easy to build business credit. But it can certainly be done with the right approach. Here are some specific strategies on how to build business credit with bad personal credit to make yourself a more attractive borrower. Establish Your EIN A good starting point is to establish […] Having bad personal credit, admittedly, doesn’t make it easy to build business credit. But it can certainly be done with the right approach. Here are some specific strategies on how to build business credit with bad personal credit to make yourself a more attractive borrower. Establish Your EIN A good starting point is to establish an Employee Identification Number (EIN). This is a nine-digit number that’s assigned by the IRS to businesses operating within the United States and the US Territories. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. An EIN is used for multiple purposes, including “filing company tax returns, opening a business bank account, applying for licenses and permits, and applying for business credit,” the Small Business Administration explains. It’s helpful to have an EIN because it gives you another means of attaining business credit lines, and you can open a business bank account with it rather than using your personal information. An EIN kills two birds with one stone because it will help get your small business off the ground and also serves as a workaround for bad credit. So if you haven’t established one yet, now is the perfect time to do so. You can find all the information you need for applying for an EIN here. Register With Dun & Bradstreet While the three major credit bureaus for reporting personal credit information are Equifax, Experian, and TransUnion, it’s a little different for business credit. Information is still reported to Equifax and Experian. But, instead of TransUnion, the other main credit bureau it’s reported to is Dun & Bradstreet, among others. Another critical part of establishing business credit is registering with Dun & Bradstreet where you apply for a Data Universal Number System (DUNS) number. It’s free and easy to do and can be done via the Dun & Bradstreet website here. Simply complete the four basic steps, and after your information is validated, you’ll receive your nine-digit DUNS Number. Once you have it, lenders and credit agencies will use it to verify your legal status as a small business owner from the Dun & Bradstreet Database and assess your credit profile. This, along with setting up a business bank account, is integral to “legitimizing” your business. It also should unlock opportunities for partnering with other companies and put you on your way to building business credit. In turn, it should increase your odds of being approved for a small business loan, business line, credit line, and other forms of business financing. This brings us to our next point. Apply For Tradelines With Your Vendors Tradelines can be helpful to most small business owners. But they can be especially helpful for newer business owners who are just getting started and need to get some credit under their belt. Even with bad credit, vendor tradelines should be a feasible way to start generating some trade credit, which can get you moving in the right direction. With vendor tradelines, you set up an account with a vendor that has payment terms where invoices must be paid by an agreed-upon time frame. Under net-30 terms, for example, you have 30 days to pay the invoice. With net-45 terms, you have 45 days to pay. With net-60 terms, you have 60 days to pay, and so on. As long as you pay on time and the vendor reports it to a business credit bureau, it should start alleviating your bad credit and boost your business credit score. And as you get in the habit of consistently making prompt payments, your business credit should keep growing, eventually helping you overcome your poor credit history. Just be sure that the vendor reports payments to the business bureaus — ideally, choosing those with short payment terms, as this will help you build credit faster. Apply For A Business Credit Card One of the primary factors for determining business credit is payment history. In fact, most experts agree that this carries the most amount of weight overall. Besides paying your vendor tradelines on time, another good way to build credit quickly is by applying for a business credit card and using it responsibly, not merely making your payments on time but ahead of time. Also, just like with a personal credit score, credit utilization comes into play here, meaning you’ll want to keep your credit card usage low. The combination of prompt payments and low credit utilization can quickly build good business credit and counteract a bad personal credit score. Just note that you may have to opt for a secured business credit card initially if you don’t qualify for an unsecured credit card. Make sure that your secured business credit cards report to the business credit bureaus and not to the personal credit bureaus. There aren’t very many secured business credit cards that report to the business credit bureaus, so this is worth calling out. When you’re just starting out, you may also need a personal guarantee or have a higher interest rate than you may like from a lender. But once your business credit improves, your options should increase and you may be able to obtain a better credit card with better terms and conditions. Pay Your Business Bills On Time Again, payment history is the single most important factor for determining your business credit score. Just as it’s critical to pay a vendor trade line, business loan, and business credit card bills on time, you should get in the habit of paying all your business bills on time. And whenever possible, go the extra mile and pay them off in advance so you’re always ahead of the game. Establishing strong business credit is all about creating a virtuous cycle of good credit. Staying on top of bills helps you avoid falling into debt and being delinquent on payments. This, in turn, should make you a more attractive borrower to lenders which should help you negotiate better business loan terms and repayment options. In time, this can help you achieve a good business credit score and may even give you access to the best business credit cards. While it can be tough at first when you’re trying to work your way through bad personal credit and generate cash flow, it should get easier in time.   Monitor Your Business Credit Reports Regularly Just as it’s important to routinely monitor your personal credit, it’s the same with your business credit score. That’s why you should get in the habit of regularly monitoring your business credit report so you know what’s happening with each major credit agency. Doing so has two key advantages. First, it will give you a baseline assessment of how you’re doing with your business credit and what your overall trajectory is. While you won’t likely be in an ideal position initially because of your bad personal credit, your trajectory should hopefully improve over time, and you’ll know exactly where you stand. Second, you should be able to identify any incorrect information and catch errors. Although each major credit reporting agency does a pretty good job at credit reporting, mistakes do occasionally happen. If there’s an issue, staying on top of your business credit report should ensure you quickly find it so you can dispute an error before it damages your business credit score. It’s just a matter of contacting the credit bureau that made the mistake via a formal letter. Keep Working On Your Personal Credit Even though you may have poor personal credit right now, it doesn’t mean it has to stay that way long-term. Your credit — both personal and business — is constantly fluctuating, and it’s never too late to right the ship. This starts with first understanding which factors contribute to your personal credit score, which, according to FICO, are: Payment history – 35% Amounts owed – 30% Credit history length – 15% Credit mix – 10% New credit – 10% The other part of the equation is following fundamental best practices, such as: Consistently making payments on time or ahead of time Keeping your credit utilization ratio no higher than 30% Diversifying your credit Not closing out credit card accounts (this adds to your credit history length and lowers your credit utilization ratio Not applying for too many new accounts at once (this can be a red flag to lenders) I spoke with Forrest McCall, a personal finance expert and founder of Don’t Work Another Day, who emphasized a more personal approach to building credit, “When it comes to managing your personal credit, it’s all about comparing yourself to where you were a few months ago, instead of comparing yourself to others.” McCall recommends keeping tabs on your credit over time and making small changes to how you manage your money so you can start seeing your score climb. You may also want to consider applying for a credit limit increase on a business credit card as you become a more trustworthy borrower because this too should lower your credit utilization ratio. That way, you should be able to steadily improve your personal credit score while simultaneously establishing good business credit for a win-win. Closing Thoughts Building credit as a business owner with bad personal credit can certainly be challenging. But it’s by no means an insurmountable obstacle. Even with poor personal finance, knowing what to prioritize and having a clear-cut strategy should help you quickly build business credit and set the tone for creating a thriving company. Article by Garit Boothe, Due About the Author Garit Boothe is a financial blogger and entrepreneur. He studied economics at The George Washington University in Washington, DC, for one year before dropping out to be a missionary in Argentina. After coming home to the United States, he worked in a variety of jobs, side hustles, and businesses until landing in digital marketing. He currently runs a digital marketing agency focusing on fintech companies and writes for his personal finance blog......»»

Category: blogSource: valuewalkJan 24th, 2023

Retail CEO crisis: why the industry"s top job is suddenly the hardest to fill

At least 10 large retail companies have lost their CEOs in recent months. Experts say its not a coincidence, but a leadership crisis in the industry. From left: The RealReal's Julie Wainwright, Bed Bath & Beyond's Mark Tritton, VF Corporation's Steve Rendle, Under Armour's Patrik Frisk, and Gap's Sonia Syngal.Oliver Douliery/Getty, Mandel Ngan/Getty, Anadolu Agency/Getty, Business Wire/AP Exchange, Andy Kropa/AP Exchange, Tyler Le/Insider At least 10 large retail companies have lost their CEOs in recent months.  The turnover has roots in the pandemic, when e-commerce boomed and supply chains were disrupted. As the pandemic winds down, and a possible recession approaches, new skills are in demand. Just over a week after Stitch Fix's CEO stepped down, Bill Gurley, a board member and famed investor, made, in his own words, an "unconventional" move.  "If you know someone who would be perfect for the $SFIX CEO opportunity, we are all ears," Gurley tweeted. "Looking for operating prowess, strong product instincts, & a strong cultural leader."  It's the surest sign yet of a crisis facing the retail industry. Gap Inc.; Bed Bath & Beyond; Under Armour; Adidas; Foot Locker; Dollar General; Kohl's; VF Corporation, the owner of Vans; Designer Brands Inc., the parent company of DSW; the luxury-consignment marketplace The RealReal; and now, the personal-styling and clothing site Stitch Fix, have recently had leadership shake-ups. And while some have successfully found new CEOs, others seem to be struggling to fill one of corporate America's most-coveted jobs.  Experts told Insider the burst of turnover traces back to the pandemic. Supply chains got snarled, shoppers stopped visiting stores, and stimulus payments spiked demand, each making it difficult to measure how business was doing. As pandemic restrictions have eased and a possible recession nears, boards of directors are getting a better look at the underlying numbers and doing some "housecleaning," but struggling to find good candidates.  "Everyone was forgiving during the pandemic, but now we're anticipating we might get into rougher waters," Felipe Caro, a professor of operations at the UCLA Anderson School of Management, told Insider. "Many boards are saying, 'Do we have the right person? We better make these changes given that things are not going to get any easier.'" The pandemic made retail a nearly impossible business Marvin Ellison, the CEO of Lowe's, got his start in retail making $4.35 an hour as a security guard at Target.David Swanson/ReutersEven in good times, retail is difficult. "The retail business is tough, largely because it is such a volatile industry," Mark Cohen, the director of retail studies at Columbia University, said. "It's an industry that trades with billions of customers and it's an industry that lives and dies on the vagaries of consumer preference and behavior." The pandemic made it nearly impossible.  Stores shut down and people stopped shopping in person. Then stimulus payments sent demand for everything from sneakers to home goods spiking while supply chains snarled. And just when supply chains started to sort themselves out, inflation hit, and shoppers started to scale back spending. Inventories ballooned.  That's also about the time boards started to realize they might need new CEOs, but there aren't many great candidates in the wings.  Retail jobs were once considered stepping stones to launch employees into a long career in the industry. Marvin Ellison, the CEO of Lowe's, got his start making $4.35 an hour as a Target security guard; Costco's chief exec W. Craig Jelinek's first job was as a food stocker at a discount department store, and he worked his way up the ranks at Costco over three decades.  Now, management training has fallen by the wayside, Catherine Lepard, the global managing partner of the executive-recruiting firm Heidrick & Struggles' retail and direct-to-consumer practice, said. Department stores, for instance, once were "theaters of management-training programs," but then they started facing stiff competition from specialty stores. "That's when they started to scramble to say, 'Oh gosh, what do we need to do to trim our costs, become more lean, become more agile, become more nimble?'" she said. "That's where we started to see less of the longer-term investment in training." That means many retailers simply don't have as many management candidates, even though CEOs of large retail companies can make tens of millions of dollars annually. That's led to some retailers hunting for CEOs outside of the retail world — Under Armour hired Stephanie Linnartz, a Marriott Hotels veteran, to lead the company, for example — while others, like Gap, still haven't filled their top job. "The reality of doing the CEO search today, and we've got a number of them underway right now, is that if you just stick to the retail sector, it's a pretty limited pool of candidates," Lepard said.  Retail CEOs need 'peripheral vision'Workers at Starbucks stores and Amazon warehouses across the country have pushed to unionize, with many calling out the pay disparity between front-line workers and top executives.Michael M. Santiago/Getty ImagesGiven the chaos of the past few years, some boards will likely opt for CEOs with excellence in basic operations.  "Some really need to go back to basics and they need somebody who can rationalize inventory decisions and just get things in order," Caro said.  Cohen, who spent two decades in executive roles, most recently as Sears Canada's CEO, said chief executives also need experience dealing with customers.  "You have to be willing to put in the face-time and elbow-grease effort to become familiar with what you're getting into at a pretty detailed level," he said. "That can take six months to a year, so you have to be careful about jumping in and starting to pull levers without really knowing what the effect will be."  Given the ongoing turbulence and unpredictability, boards also want CEOs who can see around corners.  "The table stakes for the CEO of a successful complicated retail business have fundamentally changed," John Danner, a senior fellow in the UC Berkeley Haas School of Business, told Insider.  Danner said retail CEOs today need to be innately curious and able to quickly learn new subjects, what he described as a sort of "peripheral vision." For example, two years ago, nobody needed a metaverse strategy. Now, it's another item on the CEO to-do list.  So is labor unrest. Chief executives at retailers ranging from Amazon and Target to Starbucks are working through tangles of new problems with nascent unions. Among the thorns in those discussions: the pay chasm between CEOs and retail workers.  Danner wasn't surprised that a number of companies — including Under Armour and Foot Locker, both in male-dominated sportswear — have hired female CEOs. "Really effective leaders in times of crisis are usually women and women who are terrific translators," he said. "They can translate ambitions and uncertainty into a story." "Stories are one of the best tools for how we make sense out of complexity," Danner said. "In this kind of environment there is a real premium on a CEO's ability to develop a simple, compelling, emotionally magnetic story about what they're trying to do and why. A powerful story can buy you some time." Read the original article on Business Insider.....»»

Category: personnelSource: nytJan 23rd, 2023

How To Plan For Saving Money Each Month

What are your plans for your retirement years? According to the 2022 Transamerica Retirement Survey, the top two retirement goals are “traveling” and “spending more time with family and friends.” But to reach those goals, you’ll need to know how to plan for saving money. Unfortunately, over half (55%) of Americans admit they’re behind in […] What are your plans for your retirement years? According to the 2022 Transamerica Retirement Survey, the top two retirement goals are “traveling” and “spending more time with family and friends.” But to reach those goals, you’ll need to know how to plan for saving money. Unfortunately, over half (55%) of Americans admit they’re behind in their retirement savings. According to a survey from Bankrate, more than a third (35%) claim to be “significantly behind.” If this sounds familiar, don’t panic. The following tips can help you learn how to plan for saving money every month. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Figure Out How Much Money You Need to Live Each Month Start by calculating your personal cost of living. To do so, you’ll need to add up your fixed, variable, and discretionary expenses. Fixed Expenses Fixed expenses are necessary costs that don’t change from month to month. Common examples of fixed expenses are: Rent or mortgage Car payments Phone/cable bills Insurance premiums Property taxes Student loans or other debt payments Don’t factor in your savings just yet. Right now, you’re seeking to determine the amount of money you absolutely need each month, and that starts with these fixed costs. Variable Expenses Variable expenses are also necessary, but their amounts can vary from month to month. These include such expenses as: Groceries Utility bills Gas Clothing Credit card bills Remember that these are running averages and can peak during certain times of the year. You might consider adding up your utility bills from the last year and then dividing the total by 12 to calculate your monthly average. Discretionary Expenses Finally, you’ll need to account for discretionary expenses. These are the purchases you choose to make, such as: Meals/coffee out Entertainment Streaming subscriptions Hobbies and sports Gym memberships If you’re unsure where to start, look at your bank statements from the past three months (or more). This will give you an idea of where your money is going, and you can use the information as a foundation when learning how to plan for saving money. Create a Budget that Allocates Money for Necessary Expenses, Savings, and Discretionary Spending Once you determine the amount of money you need each month, you can create a budget that meets these needs while leaving room for savings. Start by allocating money toward your fixed costs. Since these expenses remain constant, they make it easier to plan your overall budget. Next, divert money toward your variable and discretionary expenses. Remember that you’re not trying to allocate your total monthly income but only enough to cover what you’ll need from each category. This will ensure you have enough left over to put toward your savings. If you’ve adequately budgeted, you should have enough remaining money to build your savings. Start by ensuring that you have a short-term savings account. Having enough money on hand to cover three to six months of expenses can prevent you from tapping into your long-term savings if an emergency arises. Once your short-term savings are built, you can start working on your long-term savings account. Don’t worry if you don’t have enough to put in savings at present. Even small amounts can accumulate over time. Remember that you may have more to set aside once you pay off your car loan, student debt, and other time-limited bills. Make Adjustments as Needed to Ensure You’re on Track to Meet Your Goals To learn how to plan for saving money, you’ll need to prepare yourself for something of a reality check. First, compare the budget you’ve created to how much you’ve actually been spending each month. It could be that your current spending habits are not in line with your financial goals. If that’s the case, don’t panic. Now is the time to align your personal spending habits with your long-term goals. You probably won’t be able to eliminate needed expenses, but the following suggestions can help you trim your variable and discretionary expenses: Cut back on gourmet coffee or dining out Eliminate one or more streaming services Cancel unused subscription services Buy store-brand products Use coupons to purchase groceries Adjust your thermostat to lower utility bills Admittedly, these changes can take some time to get used to. So make a game of it. Challenge yourself to eliminate one takeout meal or gourmet coffee next week. Then, the week after, challenge yourself to eliminate another discretionary purchase. Before you know it, you’ll meet your desired budget, and you’ll have plenty of room to save for the future. Automate Your Finances, So You’re Not Tempted to Spend More Than You Have Allocated Knowing how to plan for saving money is the easy part. The hard part is sticking to your budget. But you can make it easier by automating your finances. Many consumers already rely on automated bill payments to cover recurring expenses. But some banks let you take this a step further by automatically transferring money between your checking and savings accounts. For example, you could set up an automated transfer that ensures you set aside money for monthly savings. This means you won’t be tempted to spend before you have a chance to save. Just be careful with automated payments. It’s easy to lose track of which companies can access your payment details. It’s too easy to sign up for automated services only to have the company raise the price later. This can derail your budget and even cause an overdraft if you’re not careful. Otherwise, keeping tabs on your automated payments can be a convenient way to stay on track and even build your credit by making consistent on-time bill payments. Make a Plan to Pay Off Any High-Interest Debt While most of the adjustments you make to your budget will focus on variable costs and discretionary purchases, you can also cut back on certain fixed expenses. Many of these costs come from high-interest debt such as credit card bills, student loans, or car payments. You can free up some room in your budget by eliminating these expenses as soon as possible. Here are two common strategies for doing so. The Snowball Method Start by paying off your smallest debt first. Then, once you eliminate this debt, apply the amount you were paying to your next-highest debt. The goal is to allow your payments to “snowball” until you’ve eliminated all smaller debt and you can now afford to make more significant progress on your larger debt elimination. The Avalanche Method The avalanche method works in reverse. Start by paying off your largest bills (or loans with the highest interest rates), then work your way down to your smaller bills. This will help you cut out your largest bills as quickly as possible. Just be aware that since some debts can be pretty high (student loans, for example), eliminating these expenses may take a while. Caution: Watch Out for Prepayment Fees While eliminating credit card debt is a wise choice, not all of your debts can be paid off so easily. For example, some mortgages and car loans have prepayment penalties that will charge you money if you attempt to pay off your debt too early. So check to ensure that paying off your debts won’t result in added charges. Discipline your spending, buy only what you need, and avoid impulse buys. Keep a tight rein on your wallet. It’s easy to get carried away and buy more than what you need. So instead, stick to the essentials, and avoid impulse purchases that can derail your budget. Easier said than done? When learning how to plan to save money, you’ll need to develop some discipline in your purchases. Here are some workable strategies. Stick to a Grocery List Before you go grocery shopping, make a list of your essentials. This prevents you from making snap decisions or being influenced by store displays once you’re there. Eat before you go to the grocery store so that you aren’t hungry — hunger can overcome your good senses. Give Yourself  Time to Think About It Impulse decisions happen quickly. Discipline yourself to think about your spending before making the purchase. When shopping, put the item down and return to it before you leave. Or leave the item in your online shopping cart until you can determine how it fits your budget. If, after this pause, you decide you genuinely need the item, then you can complete the transaction. Pay for Discretionary Purchases in Cash Pay for your significant bills using automated bill pay, but complete your discretionary purchases with cash. That way, you will always have a limited amount of money to draw from and can make buying decisions accordingly. Celebrate Small Victories Along the Way as You Work Toward Your Financial Goals Your retirement years are basically a lifetime away. That’s why it helps to set solid benchmarks to track your progress. For example, you might make it a goal to set aside 15% of your monthly income toward your retirement goal. Or you could make it a goal to set aside a year’s salary for your retirement by your 30th birthday.   Setting a series of short-term goals can help you track your progress toward retirement and give you a sense of accomplishment along the way. Knowing how to plan for saving money can also be your whole family’s responsibility. If the family shares progress updates, you can celebrate the accomplishments together. Depending on their ages, your children might not be enthused about your retirement progress, but sharing these victories can help them learn the importance of long-term planning. Review Your Budget Regularly to Make Sure it Still Meets Your Needs Your financial circumstances change all the time. Your budget should do the same. Make a plan to review your budget at least once per year. This can help you make adjustments as you pay off debts or have more revenue to draw from. Reviewing your budget is especially important during periods of inflation. For example, higher prices at the grocery store and the gas pump may prompt you to adjust your variable expenses. In addition, you may need to reevaluate your regular expenses to ensure you’re still able to allocate money to your savings. You may find more income as you advance in your career. Raises at work will allow you to devote even more to your retirement savings or give you a bit more breathing room when it comes to dining out or entertainment. Changing Your Approach to Retirement Now that you know how to plan for saving money each month, it’s time to put your knowledge into action. Due can help. At Due, we believe in helping our customers strategize and reach their retirement goals. We also offer an annuity that can provide a stable income during retirement. So no matter where you are in your financial journey, Due can help you. To learn more, contact Due today. Article by John Boitnott, Due About the Author John Boitnott graduated from UC Santa Barbara with a Masters Degree in Education. He worked for 14 years as a broadcast news writer for ABC, NBC, and CBS News where he covered finance, business and real estate. He covered financial news for SAP for four years. Boitnott is now working as a columnist for The Motley Fool where he covers personal financial and investing strategies......»»

Category: blogSource: valuewalkJan 19th, 2023

Bank Of America: Brace For A "Sharp Weakening Of The Job Market"

Bank Of America: Brace For A "Sharp Weakening Of The Job Market" As discussed extensively over the past 24 hours, the US economy stumbled into December, to the point that bad news is once again bad news amid soaring recession fears. For those who missed it: Retail sales fell 1.1% on the month (although some of the weakness was due to discounts and some due to an earlier than normal shopping season). Industrial production fell 0.7% m/m and November data was revised down from -0.2% to -0.6%. PPI missed even worse, tumbling -0.5%in Dec, far below the consensus estimate of -0.1% The first two of these are used in the official index of coincident indicators. However, as Bank of America economist Ethan Harris notes, the exception — as has been the case for some time  — has been the labor market with still strong payrolls, and very low jobless claims.  Paradoxically, this has been going on for a year now, or about as long as the Biden admin has desperately need some positive economic indicator to deflect from the galloping inflation created under his administration. It has gotten so absurd that even BofA today notes that "the labor market remains stronger than normal, even as the overall economy slips into a growth recession." It has been going on, even as we have repeatedly shown, the establishment survey is politically biased and manipulated at worst, or misrepresenting the underlying data, as the Philly Fed claims. Another way of summarizing the problem: in the last 12 months GDP has grown 1.4% while payrolls have grown 3.0%, implying a sharp drop in productivity. Productivity usually only drops on a sustained basis in recessions, and yet - if one believes the data released by the Biden regime - there is no recession. So what's going on?  As BofA's economists suggest, in the process joining us in our chronic skepticism of BLS' data "we are living through another period where job growth temporarily lags the business cycle." They go on: We have seen this several times before. The job recovery from the 1990s recession was labeled the ”jobless recovery” because payrolls were essentially flat and the unemployment rate rose about a percentage point in the first year of the economic expansion. Then starting in 1992 the job market took off, making up for lost time. The next recovery was more normal, but again, following the Great Financial Crisis, job growth was anemic, and the unemployment rate rose 0.5 pp in the first four months of the expansion. A third episode was the 1973-75 recession. This is perhaps more relevant because it was a period of weakening rather than recovering growth. The OPEC oil shock pushed the economy into a recession in November 1973, but for a year, jobs continued to grow. Then the job market finally cracked, with payrolls plunging almost 3% in six months." The bottom line is that today’s job market "shares some elements of the 1973-75 experience", as does inflation of course, especially if Powell ends up being Burns after all, and cuts rates in 2023 (spoiler alert: he will) only to see a burst of inflation in 2024 and onward. Back then, businesses were reluctant to accept that the economy was in recession: "this was in part due to unfamiliarity with how the oil shock could hurt the economy (indeed, macro models at the time did not include oil prices as a variable)." Today, like in the 1970s, BofA argues that there still seems to be a good deal of hope that the economy can achieve a soft landing (here's looking at Goldman, who is the biggest culprit in spreading this misconception). In part this is likely because there have been some false alarms on a recession. It is also because the Fed and many economists are still holding out hope for a soft landing. But when a recession does come, there will be some catching up to do. A second reason why Bank of America is looking for a "delayed, but sharp, weakening of the job market" is unique to the current economy. According to BofA economists companies have had a miserable time of trying to hire and retain in the past couple years. Hence many are hoarding workers and others are busy filling their job postings. But when (not if) recession becomes the consensus call this hoarding no longer makes sense and companies with openings could withdraw some postings and apply more normal standards in hiring. Indeed, we are already seeing this in process with the % of companies listing labor availability as a constraint plummeting from 77% in October to just 30% in January, the lowest in years. Yesterday's Beige Book hinted as much, with the NY Fed noting that “A number of business contacts reported that it has become somewhat easier to attract and retain workers. A large upstate New York employer noted that turnover has slowed noticeably in recent weeks and that attrition rates have now fallen below pre-pandemic levels.” The bottom line, as Bank of America puts it, is that the job market would need to catch up - or rather down - to the rest of the economy, i.e., "The sector that is doing the most to hold up growth (and threaten inflation), could become a weak sector." In conclusion, Harris says that "a hot question among investors is what gets the Fed to not only slow down rate hikes, but to go on hold. We think a break in the job market—with a shift to flat or negative growth—could do the trick." More in the full note available to professional sub. Tyler Durden Thu, 01/19/2023 - 15:40.....»»

Category: blogSource: zerohedgeJan 19th, 2023

I"m a stay-at-home dad who makes $20,000 a month through YouTube and email marketing. The first year I only made 13 cents — here"s how I scaled up.

Judd Albring now works up to 10 hours a week posting video content and crafting emails. Here's how he set up the mostly passive income streams. Judd Albring.Courtesy of Judd Albring Judd Albring is a YouTuber and runs a newsletter. He makes $20,000 a month from his online business. He spends up to 10 hours a week creating and posting content with the help of freelancers. His content uses affiliate links, so he gets a commission for products bought through his referrals. This as-told-to essay is based on a conversation with Judd Albring, a 50-year-old YouTuber in Chicago. Insider has verified his income with documentation. The following has been edited for length and clarity.At the beginning of my career, I held several jobs in sales but could never keep a job for long because of my drinking. At 35, I got sober, but finding work was still hard because I had to explain time gaps in my work history, so I started to drive for Uber and clean windows on weekends to make ends meet.In 2017, I started to research how to make money online and teach myself digital marketing because I wanted to make extra money from home while taking care of my boys. My wife is a teacher, so I became a stay-at-home dad because it made more sense financially than paying a full-time sitter. From my research, I decided to start a YouTube channel.Now, between my ad revenue and my earnings as an affiliate marketer, I'm making more than $20,000 a month, and I work only eight to 10 hours a week.I posted my first YouTube video in 2017, but I wasn't sure how to monetize itOn my channel, I share tips for working a remote job, work-from-home opportunities, and affiliate-marketing advice to teach people how to make money online from anywhere. My goal in the beginning was to make just an extra $1,000 a month, but in my first year, I made only $0.13 from a book I recommended to someone.The second year, my channel started making a few dollars a day from Google AdSense as my subscriber count grew. My channel finally took off in September 2021 after one of my videos went viral because everyone was at home in pandemic lockdowns and many were looking for ways to make money remotely. People mainly found me from search, but some found me on Facebook. That video hit 5.2 million views, and I now have 304,000 subscribers on YouTube.I started making several hundred dollars a day from the YouTube Partner Program and more from the products recommended in my videos.On YouTube, I became a referrer, or someone who promotes a product in exchange for a commission of the sale, for software and online-training companies that helped people start and grow online businesses. I also became an affiliate marketer for job sites like FlexJobs.I recently started doing review videos for the Amazon Influencer Program and built that business to bring in more than $2,000 a month in just 60 days by making one-minute review videos — and I don't even show my face.The people who watch my videos and buy my recommended products are not always subscribers or followersI know channels with 1 million subscribers that are struggling to make money, and I know coaches with 10,000 subscriptions and very niche audiences who make $1 million a year. It's all about creating quality content — not quantity — and getting it in front of the right people.I repurpose my videos on YouTube Shorts, Facebook Reels, Instagram Reels, and TikTok, which brings in additional revenue. I have 101,000 followers on Instagram, 122,000 on Facebook, and 69,000 on TikTok. I make one video and edit it on my phone, then upload the same video to each of my accounts separately.My titles and hashtags change depending on the platform. For example, the hashtag #workfromhome appears 13.1 billion times on TikTok but 19 million times on Facebook. I learned how to adjust my titles by simply following others in my niche — hashtags are all about research. Writing a good title has come to me with practice. Video titles that I've seen success with are related to working from home, how to work remotely, and how to make money online.You have to start by looking at social media as a businessStop worrying about who got married or divorced, or whose kid just got accepted to whatever college. Once I stopped worrying about what other people were posting and what people thought of me, everything took off.When I started, I followed and learned everything I could from those who had what I wanted, like the marketer and entrepreneur Russell Brunson, a cofounder of ClickFunnels, which I use to run my entire business. I also follow Pat Flynn of the "Smart Passive Income Podcast" and read his book "Expert Secrets."Two years ago, I started outsourcing 80% of my work to freelancers from websites like Upwork. I have people all over the world who help me run my business: a video editor in Turkey, a virtual assistant in Argentina, and a Google Ads specialist in Poland. I also just hired someone to start repurposing all my YouTube videos and turn them into 60-second vertical videos for TikTok, Instagram, and Facebook. The Google Ads specialist earns a flat rate to create ads, and my Upwork freelancers are paid hourly.You have to be patient and consistent. I'm uploading content every day and on all platforms. YouTube, TikTok, and Facebook all work on algorithms, and they need time to learn about your content so they can show it to the right people. Don't put all your eggs in one basket by using only one social-media platform.The majority of my money is made from emailsI highly recommend building your own email list. Facebook or any other social platform can shut you down anytime it wants. They owe you nothing, but you own your email list, and you can market to your audience at any time.I started my email list in 2017, and I use the "Seinfeld sequence," which is all about telling your story, adding value, and being real. I learned this from Brunson. What doesn't work in emails is trying to sell in each one. Nobody wants to be sold. It's all about building the know, like, and trust factor.I use ActiveCampaign to schedule and send all my emails. In my emails, which go out to thousands of people each month, with new subscribers daily, I share my expert insights and recommend different products or trainings to help people start and grow a business online. My affiliate links are in the email, and when a reader clicks and buys from a link in my email, I get paid a commission.Managing my businesses is easier nowIn the beginning, I would work late and get up at 4 or 5 a.m. to edit videos so I could get my sons out of the house on time.Now that I've outsourced a lot of my responsibilities and my two kids are older, I had time to take three vacations last year. I could work while we traveled, but some days or weeks, I didn't do anything because I'd set it up in such a way that it's mostly passive income. My hours are really spent just researching video ideas online and recording short-form content.Do you run a successful online business? Email Lauryn Haas at lhaas@insider.com.Read the original article on Business Insider.....»»

Category: dealsSource: nytJan 19th, 2023