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Two points. Someone has mentioned "don't do the starbucks coffee" thing... Try not to pay for fast food, either. They might not like you having cooking equipment in your dorm, but things like sandwiches and cereal don't require that (and often there is a common kitchen). Did you know oatmeal is so cheap it's basically ... |
What is the focus of the program, sell the good or service or recruit new people? If it is the latter (as it often is) then show them this pyramid.
http://www.consumerfraudreporting.org/MLM_pyramid.php
Pretty much the number of people on earth runs out too quickly. |
Multilevel marketing does not mean it's a scam. MLM is one of a number of legitimate ways to run the sales leg of a business. It's also one of the fairest: you get paid for the business you bring back to the company, period. If you can keep a lot of referral salespeople working their butts off, great for you, you sh... |
Say I work in the US and am using my personal earnings to bootstrap a small company. What is the proper way to transfer my personal wages into the company account?
Do I just cut my company a check? If I understand the accounting, each check would count as another investment in the company and would count towards my... |
I've just seen a recruitment video for Prepaid Legal. The company sells, essentially, legal insurance - a prepaid service that covers potential legal fees.
Their marketing strategy, though, reads like a pyramid scheme. They offer enrolled associates a commission on each sale, which increases in a pyramid shape if th... |
Is Prepaid Legal a legitimate company? |
Prepaid Legal is a [publicly traded company worth over $600M][1]. They've been around for years. So it's not a fly-by-night operation.
I don't know enough to comment on whether their kind of MLM is legal.
[1]: http://finance.yahoo.com/q/pr?s=PPD+Profile |
I've found a number of interesting index funds, of which a lot are run by Vanguard. However, since I'm diversifying my investments between index funds, it seems sensible that I'd want to make sure all my eggs aren't in the same basket with the companies that run them, too.
Isn't it possible that someone could embezz... |
Should you diversify your ETF investments between companies? |
I've started a company with a friend, and we're looking to find out how to transfer some of our money into the company. Several sources suggest that, since we're the only owners so far and there's no point in issuing more shares yet, our best bet would be to provide the money to the company as loans. Is this correct? I... |
What is the best way for me to invest my money into my own startup? |
I currently have a home that is 100% Loan to Value. It has lost a significant amount of the value i paid for it -- hence now a 100% LtV guesstimate.
I am able to comfortably make my payments as it stands, and have no financial hardship.
I'm looking to move out of my house, and back into rented accommodation. This... |
Your thinking is a little extreme! V could go under... but chances are very remote. Similarly I can't answer if someone asks if the Feds can go under. Looking at our awesome debt levels and no way to dig out of it, that is definitely a possibility. But will it happen? Probably no.
|
You've asked for risks but neglected straight up costs. CD laddering will have some explicit and implicit costs:
- your time to set up multiple investments and manage them more frequently
- you lose some interest up front unless the yield curve is flat or inverted. If you have a lump sum and a long investment hor... |
HI I recently received a day trading margin call of $-$14,852.63 requirement. I do not have that much money. What should I do? Should I close my trades and take all cash out? ( The system labeled me as day trader). I have only $6900 in my money. They said I can borrow upto 100% of my equity. That is why I borrowed. IS ... |
My account's been labeled as "day trader" and I got a big margin call. What should I do? What trades can I place in the blocked period? |
Currently my wife and I both work, and we have no kids. We have no debts (besides our mortgage), live very frugally (friends call us cheap), and are roughly breaking even. We would like to have kids, but I don't know how we could afford it. If we lost my wife's income, we'd be in the hole. If she kept working, we'd hav... |
Switch from DINK to SIWK? |
Switch from DINK to SIWK: How do people afford kids? |
HI I recently received a day trading margin call of $-$14,852.63 requirement. I do not have that much money. What should I do? Should I close my trades and take all cash out? ( The system labeled me as day trader). I have only $6900 in my money. They said I can borrow upto 100% of my equity. That is why I borrowed. IS ... |
Currently my wife and I both work, and we have no kids. We have no debts (besides our mortgage), live very frugally (friends call us cheap), and are roughly breaking even. We would like to have kids, but I don't know how we could afford it. If we lost my wife's income, we'd be in the hole. If she kept working, we'd hav... |
I'm a US citizen and software developer that can work from home. I work for a company based in Washington and will be able to keep my job as I move to Canada to be with my Canadian fiance (will be my wife when i move).
What taxes will I have to pay? Will I be paying taxes to both governments? Is there anything I mig... |
I am fully "financially responsible" for a property that is not in my name. I made arrangements with the previous owner to take over payments on the property and assume full ownership rights to the property until I had paid enough to be considered a "down-payment" to a lender. I make all the payments, pay the taxes, fu... |
I am fully "financially responsible" for a property in the United States that is not in my name. I made arrangements with the previous owner to take over payments on the property and assume full ownership rights to the property until I had paid enough to be considered a "down-payment" to a lender. I make all the paymen... |
As this is anonymous, can you give us actual numbers? I can make guesses based on your percentages, but it would help. Lets assume you both make $35k (since you said child care would take up the bulk of your wife's income, it must be fairly low incomes)
The answer usually isn't a simple "do this", but small adjustme... |
> How do people do it?
Firstly, I'd advise you to explicitly budget taxes. The reason is because taxes get complicated when you have a child deduction. Not that raising a child is profitable post taxes, but it can change your perspective.
SIWKs with high income get by just fine. The rest sacrifice. They buy less ... |
I'm a U.S. citizen and software developer that can work from home. I work for a company based in Washington and will be able to keep my job as I move to Canada to be with my Canadian fiance (will be my wife when I move).
What taxes will I have to pay? Will I be paying taxes to both governments? Is there anything I m... |
U.S. citizen moving to Canada and keeping U.S.-based job via telecommuting. What taxes will I have to pay? |
> How do people do it?
Firstly, I'd advise you to explicitly budget all taxes. The reason is because taxes get complicated when you have a child deduction. Not that raising a child is profitable post taxes, but it can change your perspective.
SIWKs with high income get by just fine. The rest sacrifice. They buy l... |
Is there a debit card that earns miles (1 mile per $1 spent) and doesn't have an annual fee? |
With your wife's income, you're not doing to see a net difference if she stops working that job. You may actually yield a little more.
At the end of the day, it's doable, but you're going to have to rationalize your spending and one or both of you should pick up a part-time job. Do you remember the last time you bou... |
If commuting is a big budget item, then can you:
- Carpool?
- Take public transportation?
- Telecommute?
- Find a job closer to home that is a net gain?
A side job is one way to make extra money, but I'd suggest a home business. If your wife substitute teaches, I bet she writes fairly well, and in any cas... |
What are the laws involved with residency requirements when it comes to purchasing real estate in Shanghai? |
I'm a Hungarian-US dual citizen (born in the US to Hungarian parents) but I've lived outside the U.S. for most of my life. I have an American passport and SSN. I've never filed a tax return in the US, as I am filing and paying taxes in Hungary. It became only recently clear to me that I have to file a tax return but do... |
Do I need to pay taxes as a dual citizen if I have income both from the US and abroad? |
I recently changed jobs and have a sizable sum in my old employer's 401k plan. It's doing fine but there are quite a few fees and I would prefer to roll it over. I'm considering two options.
First, my financial advisor is trying to talk me into letting him roll it over and manage it. The cost seems steep to me, 1... |
401k Rollover - on my own or through my financial advisor? |
Call up vanguard and tell them you want to do a rollover. They walk you through the process. Spend some time on reading up on asset allocation and benefits of indexing.
1.5% every year is steep and what do you have in return? The advisor's word that he'll make it up. How much did he manage to return during the... |
Debit cards, being newer, [have a much lower interchange rate][1]. Since collecting on debt is risky and less predictable, rewards / miles are paid from those interchange fees. This means with a debit card there's less money to pay you with.
So what can you do? Assuming your credit isn't terrible, you can just open ... |
Your situation is strange, but not too rare. Find an accountant familiar with these types of setups, and ask him for advice/have him prepare your taxes, since the devil is in the details, and generalities below may not apply, or apply differently to you (he'll be able to answer questions along the lines of "which count... |
Does anyone know how etfs track metals markets? I had a position yesterday in silver and when the metal dropped a dollar or so within a few minutes and then recovered, the index does not seem to have got back to the original level. I used leveraged ETF AGQ which is now much lower than before for the same price of silve... |
How does a leveraged ETF track commodity prices? |
Every time I get paid, I take some of the money and allocate it for certain uses. I track this in a spreadsheet. This works fine, but it's not what I want in the end. Basically, I think what I want is the "envelope system" (cash in envelopes) but instead of envelopes, I want a full service bank account.
I've conside... |
From the [Yahoo Profile for AGQ](http://finance.yahoo.com/q/pr?s=AGQ+Profile):
> The fund invests in any one of or combinations of the financial instruments (swap agreement, futures contracts, forward contracts, option contracts) with respect to the applicable fund's benchmark to the extent determined appropriate by... |
Have you looked at [mint](http://www.mint.com)? Their budgeting feature can track spending against your budget categories across your checking and credit card accounts. Not the same as the envelope system -- so if you need the built-in limitation that this provides, it may not work for you. But it is a low-effort, auto... |
As others have pointed out in comments and answers, the 6 withdrawal limit was based on [Regulation D](http://en.wikipedia.org/wiki/Regulation_D_%28FRB%29).
Banks/credit unions that offer checking-account based HSAs do exist, with no limit on the number of withdrawals (at least according to information given to me o... |
I'm a Hungarian-US dual citizen (born in the US to Hungarian parents) but I've lived outside the U.S. for most of my life. I have an American passport and SSN. I've never filed a tax return in the US, as I am filing and paying taxes in Hungary. It became only recently clear to me that I have to file a tax return int th... |
what happens to your ability to borrow money if it is a joint income? |
What happens to your ability to borrow money if it is a joint income? |
Home loan & borrowing money: What happens to your ability to borrow money if it is a joint income? |
What are the different ways to invest in commodities? |
I don't know of any that are comparable to credit cards.
There's a reason for that. Debit cards, being newer, [have a much lower interchange rate][1]. Since collecting on debt is risky and less predictable, rewards / miles are paid from those interchange fees. This means with a debit card there's less money to pay y... |
I have been trying to find information as to if there is any efforts in process to make P2P lending services like LendingClub.com and Propser.com available for use in Ohio, and haven't had much luck. Right now, it looks like Ohio is one of four (boooo!!) states that does not allow participation in these types of invest... |
Does anyone know if P2P lending will be made available in Ohio? |
What happens to your ability to borrow money if you are trying to borrow money on a joint income? |
I have been trying to find information as to if there are any efforts in process to make P2P lending services like LendingClub.com and Prosper.com available for use in Ohio, and haven't had much luck. Right now, it looks like Ohio is one of four (boooo!!) states that does not allow participation in these types of inves... |
> Disclaimer — I've read http://money.stackexchange.com/questions/1105/what-should-i-do-with-the-stock-from-my-employee-stock-purchase-plan and the answers seem to be both slightly wrong (from what I know) and contradictory, which is why I ask this question.
Last year I took a job with a public company for the... |
Do the tax consequences make it worth it for me to hold ESPP stock? |
I think people in general tend to unnecessarily over-complicate this issue. Here's what I think you should do in any situation like this: First and foremost, put all tax considerations aside and decide whether it makes sense to sell the stock now or hold on to it for the long term based on its merits as an investment.... |
Your gain is $1408. The difference between 32% of your gain and 15% of your gain is $236.36 or $1.60 per share. If you sell now, you have $3957.44 after taxes.
Forget about the ESPP for a moment. Are you be willing to wager $4000 on the proposition that your company's stock price won't go down more than $1.60 or so... |
Your gain is $1408. The difference between 32% of your gain and 15% of your gain is $236.36 or $1.60 per share. If you sell now, you have $3957.44 after taxes.
Forget about the ESPP for a moment. Are you be willing to wager $4000 on the proposition that your company's stock price won't go down more than $1.60 or so... |
I am part of a rowing club in the US and pay a membership fee. The rowing club is a 501(c)(3) non-profit, open to the public, and offers learn-to-row classes. The benefits that I receive for my membership fee are access to club facilities, use of club equipment, and coaching (coaches are paid). How do I determine wh... |
What portion of my rowing club membership fee is tax-deductible? |
If it's a local organization, you can ask the treasurer. They file taxes on behalf of the organization, so they may have more insight on this.
Can the public have access to the same coaching you do? I suppose that if you have preferred access to this coaching, then you can justify it under (c) if your membership f... |
I'm an employee a startup company, and am considering asking for shares or stock or something similar as part of my compensation. The company is an LLC, and I'd like to know what kind of language to use.
I read [here][1] that depending on how the LLC is treated, there are certain restrictions on sock options and the... |
I'm considering asking my employer for some kind of equity as compensation. What language should I use? |
I'm an employee a startup company, and am considering asking for shares or stock or something similar as part of my compensation. The company is an LLC, and I'd like to know what kind of language to use.
I read [here][1] that depending on how the LLC is treated, there are certain restrictions on stock options and th... |
"I really want us to succeed and I'm going to work my butt off in order to make that happen. In order to make sure our interests are completely aligned, is there some way that I could receive part of my compensation as equity? I realize this has a higher risk for me since I'd be receiving less cash in the form of sala... |
I am part of a rowing club in the US and pay a membership fee. The rowing club is a 501(c)(3) non-profit, open to the public, and offers learn-to-row classes. The benefits that I receive for my membership fee are access to club facilities, use of club equipment, and coaching (coaches are paid). How do I determine wh... |
Is there an easy way to see how much I've made or lost with Sharebuilder over time?
OR do I have to manually go add all the fees, the monies put in and taken out and then compare it to what is in the account?
|
Is there an easy way to see how much I've made or lost with Sharebuilder over time? |
I recently bought some used books on Amazon. The books are directly related to what I do for a living. In Australia, I know that if you have the receipt for books like that, you could claim it as a tax deduction.
I was wondering though, if the book is used, and I paid for it via an American company and in US dollars... |
Can used books bought off Amazon be claimed as a tax deduction in Australia? |
VAT = Value Added Tax (as an Aussie think "GST")
This is applicable in Britain. Basically, if you were in Britain, and if you could claim VAT as a deduction, that invoice is not sufficient proof to make the claim. But you're in Oz so it doesn't apply to you in any case.
For work-related deductions like book purchas... |
Does a credit card grace period apply in this situation:
- March 1: I charge $1000 to my card.
- March 8: My billing cycle ends (ie, this my card's closing
date). My due date is March 28th.
- March 9: I pay off the $1000 after the closing date, but before the
due date.
- March 10: I now ch... |
Credit card grace period for pay, wait 1 day, charge? |
I.e., $100 decreased by 20% requires an increase of (1/(1-0.2))-1) to return to $100. Is there a simple name to refer to this? |
Is there a simple term to describe the non commutative property of decreasing and increasing a value by some X percentage? |
I have a fairly simple asset allocation as follows:
- 50% Large Cap stocks
- 15% Small Cap Stocks
- 5% REIT
- 10% International Stocks
- 20% Bonds
What is the best web site to track how each one of these asset classes is **currently** doing? For example, I found
1. [CNNMoney article saying that small caps... |
What is the best resource to research the current state of asset classes for mutual funds? |
If I have a student loan from finishing my graduate degree, can I deduct its interest payments from salary for tax purposes?
Is there any education related tax credit that can be applied for payments made against a student loan? |
Are student loans tax deductible in US? |
In *general*, yes, student loan payments are tax deductible, **but** this is not always the case, as tax law (as always) is more complicated than it could be:
1. Review [Chapter 4 of IRS Publication 970][1] for the details of when it is tax deductible
2. There are income restrictions - if you make more than $75,... |
The way I handle clothing purchases, is I save a little bit with each paycheck but don't commit to spending each month. I wait until I find the exact item I need or know I will need in the near future. I have a list of things to look for so I don't get off track and blow my budget. And each time I consider hitting S... |
Okay, Sallie Mae is advertising a savings account with 1.25% APY. That seems incredibly high for a savings account, especially right now. It seems like a too good to be true type thing. Is there a catch? What kind of account is this? (Is it a money market account?)
[http://go.salliemae.com/bank][1]
[1]: h... |
[This site][1] has a good list of model portfolios that you can look at to compare your asset allocation against what they are using.
Another [link to a article][2] about diversification in WSJ
[1]: http://assetbuilder.com/our_portfolios/portfolio_list.aspx
[2]: http://online.wsj.com/article/SB10001424052748... |
In *general*, yes, the interest portion of student loan payments is tax deductible, **but** this is not always the case, as tax law (as always) is more complicated than it could be:
1. Review [Chapter 4 of IRS Publication 970][1] for the details of when it is tax deductible
2. There are income restrictions - if ... |
I have been learning about how to read and understand a stock company's income statement and using those variables to determine the worth of the stock. My question is, what is a good profit margin for a company that would make it worthwhile to invest, 5%? And what are the most important indicators to look at when makin... |
Stocks Income Statement - Profit Margin ??? |
Understanding company income statements: What is a good profit margin that would make it worthwhile to invest? |
I am self-employed and charge and receive HST. I file an HST return so any monies are returned to the government. Is the HST portion of my invoice to be included in my taxable income? |
Self-employed: Is the HST portion of my invoice to be included in my taxable income? |
Sometimes I buy the generic brand at the super market and it turns out it's just as good as the good brand.
Other times, I totally regret buying the generic brand.
Which products do you buy the generic brand and which do you buy the brand names? |
which products is the generic brand just as good as the good brands? |
Sometimes I buy the generic brand at the super market and it turns out it's just as good as the name brand.
Other times, I totally regret buying the generic brand.
For which kinds of products do you buy the generic brand and which do you buy the brand names, and why? |
For which kinds of products does a generic brand tend to be just as good as a name brand? |
Two suggestions:
I don't know if you have them in South Africa, but here we have some reality shows where a credit consultant visits a family that is deeply in debt and advises them on how to get out of it. The advice isn't very sophisticated, but it does show the personal impact on a family and what is likely to ha... |
What is the point of opening an IRA at a young age, when you can use that money to buy assets that have intrinsic value such as Silver or Gold? Especially opening an IRA in such an unstable American economy, when you cannot foresee what the next decade or next year can potentially bring. Is it even possible to withdraw... |
Opening an IRA ? |
Is a High-Yield Savings Account with 1.25% APY too good to be true? |
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