query_id stringlengths 1 5 | query stringlengths 16 147 | positive_passages listlengths 1 1 | negative_passages listlengths 19 19 |
|---|---|---|---|
8 | How to deposit a cheque issued to an associate in my business into my business account? | [
{
"docid": "566392",
"title": "",
"text": "Have the check reissued to the proper payee."
}
] | [
{
"docid": "345389",
"title": "",
"text": "If I apply for a job at my hedge fund's PB, how likely is it that will come back to my firm through sales contacts and such? It's not a job within the PB business if it makes a difference. Do banks have policies against hiring from their PB clients? What about ... |
8 | How to deposit a cheque issued to an associate in my business into my business account? | [
{
"docid": "65404",
"title": "",
"text": "Just have the associate sign the back and then deposit it. It's called a third party cheque and is perfectly legal. I wouldn't be surprised if it has a longer hold period and, as always, you don't get the money if the cheque doesn't clear. Now, you may have pr... | [
{
"docid": "243732",
"title": "",
"text": "No. This amount of money is not appropriate for friends to go in on. Although you could consider buying a house with a business partner, have the contracts drawn up, see an attorney, read up on the penalties if one of the partners doesn't hold up their end fro... |
15 | Can I send a money order from USPS as a business? | [
{
"docid": "325273",
"title": "",
"text": "Sure you can. You can fill in whatever you want in the From section of a money order, so your business name and address would be fine. The price only includes the money order itself. You can hand deliver it yourself if you want, but if you want to mail it, yo... | [
{
"docid": "76120",
"title": "",
"text": "Well first problem is usually that you are trying to do too much, you end up micro managing, once a company becomes large enough this is impossible to keep doing at the same level. If you find that you don't have enough time maybe it's time to either hire some... |
18 | 1 EIN doing business under multiple business names | [
{
"docid": "88124",
"title": "",
"text": "You're confusing a lot of things here. Company B LLC will have it's sales run under Company A LLC, and cease operating as a separate entity These two are contradicting each other. If B LLC ceases to exist - it is not going to have it's sales run under A LLC, sin... | [
{
"docid": "355592",
"title": "",
"text": "\"There absolutely is a specific model that makes this so popular with so many credit card companies, and that model is \"\"per transaction fees\"\". Card companies also receive cost-sharing incentives from certain merchants. There is also a psychological reaso... |
26 | Applying for and receiving business credit | [
{
"docid": "285255",
"title": "",
"text": "\"I'm afraid the great myth of limited liability companies is that all such vehicles have instant access to credit. Limited liability on a company with few physical assets to underwrite the loan, or with insufficient revenue, will usually mean that the owners ... | [
{
"docid": "408124",
"title": "",
"text": "When you start at a new job here in the U.S., the default means of payment is usually a paper check. Most folks will quickly set up direct deposit so that their employer deposits their paycheck directly into their personal bank account - the incentive to do so ... |
26 | Applying for and receiving business credit | [
{
"docid": "350819",
"title": "",
"text": "Banks will usually look at 2 years worth of tax returns for issuing business credit. If those aren't available (for instance, for recently formed businesses), they will look at the personal returns of the owners. Unfortunately, it sounds like your friend is in... | [
{
"docid": "352927",
"title": "",
"text": "Generally, unless you're doing a wire transfer, bank transactions are processed in batches overnight. So the credit card company won't be able to confirm your transfer until the next business day (it may take even longer for them to actually receive the money).... |
34 | 401k Transfer After Business Closure | [
{
"docid": "599545",
"title": "",
"text": "You should probably consult an attorney. However, if the owner was a corporation/LLC and it has been officially dissolved, you can provide an evidence of that from your State's department of State/Corporations to show that their request is unfeasible. If the ow... | [
{
"docid": "122114",
"title": "",
"text": "\"Good question. And it depends a bit on your current plan, your future income, and the plan you are moving too. Mostly you want to roll out of your existing 401K. There will likely be a fee, and your investment choices are limited. You will want to do a dir... |
42 | What are the ins/outs of writing equipment purchases off as business expenses in a home based business? | [
{
"docid": "272709",
"title": "",
"text": "Most items used in business have to be depreciated; you get to deduct a small fraction of the cost each year depending on the lifetime of the item as per IRS rules. That is, you cannot assume a one-year life for an electronic item even if it will be obsolete i... | [
{
"docid": "299211",
"title": "",
"text": "\"-Alain Wertheimer I'm a hobbyist... Most (probably all) of those older items were sold both prior to my establishing the LLC This is a hobby of yours, this is not your business. You purchased all of these goods for your pleasure, not for their future profit. ... |
42 | What are the ins/outs of writing equipment purchases off as business expenses in a home based business? | [
{
"docid": "327263",
"title": "",
"text": "First of all, Dilip's answer explains well how the business deductions generally work. For most (big) expenses you depreciate it. However, in some cases you need to capitalize it, which is another accounting method. When you capitalize your expense, it becomes ... | [
{
"docid": "229546",
"title": "",
"text": "\"Legally, a check just needs to have a certain list of things (be an instruction to one's bank to pay a specific amount of money to bearer or to a specific entity, have a date, have a signature, etc.) There are anecdotes around of a guy depositing a junk mail ... |
42 | What are the ins/outs of writing equipment purchases off as business expenses in a home based business? | [
{
"docid": "331981",
"title": "",
"text": "Keep this rather corny acronym in mind. Business expenses must be CORN: As other posters have already pointed out, certain expenses that are capital items (computers, furniture, etc.) must be depreciated over several years, but you have a certain amount of capi... | [
{
"docid": "112801",
"title": "",
"text": "\"Wait, are you sure you've got that right? What you're describing is a tax credit that counts against your total owed. In normal operations, companies get to \"\"write off\"\" all of their expenses and they only pay taxes on the net profit of the operation. ... |
56 | Can a entrepreneur hire a self-employed business owner? | [
{
"docid": "572690",
"title": "",
"text": "Yes. I can by all means start my own company and name myself CEO. If Bill Gates wanted to hire me, I'll take the offer and still be CEO of my own company. Now, whether or not my company makes money and survives is another question. This is the basis of self-em... | [
{
"docid": "519321",
"title": "",
"text": "Are you being paid through a limited company or an umbrella company ? Are you self employed If not what they are doing is illegal. If you are being paid a salary, then the employer has to contribute their part of National Insurance. I believe they are treating ... |
68 | Intentions of Deductible Amount for Small Business | [
{
"docid": "19183",
"title": "",
"text": "\"If your sole proprietorship losses exceed all other sources of taxable income, then you have what's called a Net Operating Loss (NOL). You will have the option to \"\"carry back\"\" and amend a return you filed in the last 2 years where you owed tax, or you ca... | [
{
"docid": "411606",
"title": "",
"text": "\"A loan is not a taxable income. Neither is a gift. Loans are repaid with interest. The interest is taxable income to the lender, and may or may not be deductible to the borrower, depending on how the loan proceeds were used. Gifts are taxable to the donor (th... |
89 | How can I deposit a check made out to my business into my personal account? | [
{
"docid": "413229",
"title": "",
"text": "You should have a separate business account. Mixing business and personal funds is a bad practice. Shop around, you should be able to find a bank that will let you open a free checking account, especially if you are going to have minimal activity (e.g. less tha... | [
{
"docid": "526817",
"title": "",
"text": "You mentioned depositing the check and then sending a personal check. Be sure to account for time, since any deposit over $10,000 the money will be made available in increments, so it may take 10-14 days to get the full amount in your account before you could s... |
89 | How can I deposit a check made out to my business into my personal account? | [
{
"docid": "590102",
"title": "",
"text": "When a business asks me to make out a cheque to a person rather than the business name, I take that as a red flag. Frankly it usually means that the person doesn't want the money going through their business account for some reason - probably tax evasion. I'm n... | [
{
"docid": "408124",
"title": "",
"text": "When you start at a new job here in the U.S., the default means of payment is usually a paper check. Most folks will quickly set up direct deposit so that their employer deposits their paycheck directly into their personal bank account - the incentive to do so ... |
89 | How can I deposit a check made out to my business into my personal account? | [
{
"docid": "268026",
"title": "",
"text": "\"If you sign the check \"\"For Deposit Only\"\", the bank will put it in your account. You may need to set up a \"\"payable name\"\" on the account matching your DBA alias. However, having counted offerings for a church on several occasions, I know that banks ... | [
{
"docid": "555486",
"title": "",
"text": "\"1.Why is there no \"\"United States Treasury\"\" endorsement? Why should there be, and what do you think it would look like? Some person at Treasury sitting at a desk all day signing \"\"Uncle Sam\"\"? At most you would expect to see some stamp, because it's ... |
89 | How can I deposit a check made out to my business into my personal account? | [
{
"docid": "248624",
"title": "",
"text": "\"Depending on where you are, you may be able to get away with filing a \"\"Doing Business As\"\" document with your local government, and then having the bank call the county seat to verify this. There is generally a fee for processing/recording/filing the DBA... | [
{
"docid": "547301",
"title": "",
"text": "\"Like you said, it's important to keep your personal assets and company assets completely separate to maintain the liability protection of the LLC. I'd recommend getting the business bank account right from the beginning. My wife formed an LLC last year (also ... |
89 | How can I deposit a check made out to my business into my personal account? | [
{
"docid": "508754",
"title": "",
"text": "\"I have checked with Bank of America, and they say the ONLY way to cash (or deposit, or otherwise get access to the funds represented by a check made out to my business) is to open a business account. They tell me this is a Federal regulation, and every bank w... | [
{
"docid": "492174",
"title": "",
"text": "Does your employer offer direct deposit? Can you deposit to more than one account? Personally, I have my pay split up like this via direct deposit: From an early age I found that separating my expenses from my spending money kept me inside my spending limits a... |
89 | How can I deposit a check made out to my business into my personal account? | [
{
"docid": "64556",
"title": "",
"text": "If you're a sole proprietor there's no reason to have a separate business account, as long as you keep adequate records, as you are one and the same for tax purposes. My husband and I already have 5 accounts and a mortgage with one bank. I don't see the need to ... | [
{
"docid": "358837",
"title": "",
"text": "Every bank and credit union in the US has a Deposit Agreement and Disclosures document, Bank of America is no different. Our general policy is to make funds from your cash and check deposits available to you no later than the first business day after the day... |
90 | Filing personal with 1099s versus business s-corp? | [
{
"docid": "31793",
"title": "",
"text": "Depends whom the 1099 was issued to. If it was issued to your corporation - then its your corporation's income, not yours. Why would it go to your tax return? Your corporation and you are two separate legal entities. You will have to file the 1120S, whether you ... | [
{
"docid": "381151",
"title": "",
"text": "Chris, since you own your own company, nobody can stop you from charging your personal expenses to your business account. IRS is not a huge fan of mixing business and personal expenses and this practice might indicate to them that you are not treating your busi... |
94 | Using credit card points to pay for tax deductible business expenses | [
{
"docid": "245447",
"title": "",
"text": "\"For simplicity, let's start by just considering cash back. In general, cash back from credit cards for personal use is not taxable, but for business use it is taxable (sort of, I'll explain later). The reason is most personal purchases are made with after tax... | [
{
"docid": "547087",
"title": "",
"text": "You are faced with a dilemma. If you use a 529 plan to fund your education, the short timeline of a few years will limit your returns that are tax free. Most people who use a 529 plan either purchase years of tuition via lump sum, when the child is young; or th... |
98 | How can I make $250,000.00 from trading/investing/business within 5 years? | [
{
"docid": "575929",
"title": "",
"text": "Deposit $3,500 each month in a brokerage account and invest that money across a handful of diversified index funds. Rebalance those investments every quarter. The hard part is coming up with $3,500 each month; this is where your budget comes in."
}
] | [
{
"docid": "310629",
"title": "",
"text": "Different bonds (and securitized mortgages are bonds) that have similar average lives tend to have similar yields (or at least trade at predictable yield spreads from one another). So, why does a 30 year mortgage not trade in lock-step with 30-year Treasuries? ... |
98 | How can I make $250,000.00 from trading/investing/business within 5 years? | [
{
"docid": "527522",
"title": "",
"text": "\"The answer to your question is Forex trading. You can get to 250K quicker than any other \"\"investment\"\" scheme. You'll just need to start with at least 500K.\""
}
] | [
{
"docid": "180241",
"title": "",
"text": "There are many Shariah compliant investments, so that could direct your resulting searches. Shariah compliance is a very strict interpretation of Islam and for investing offers strict guidelines in what to invest in and excludes investments in companies that en... |
104 | Investing/business with other people's money: How does it work? | [
{
"docid": "575869",
"title": "",
"text": "\"Basically, you either borrow money, or get other people to invest in your business by buying stock or something analogous. Sometimes you can get people to \"\"park\"\" money with you. For example, many people deposit money in a bank checking account. They do... | [
{
"docid": "125057",
"title": "",
"text": "> But their strategy is not debt spending to increase demand. They deficit spend. They increase prosperity and thus demand. They do it consistently and repeatedly. Claims that it's effects are unintentional don't hold up. Starve the beast is political co... |
104 | Investing/business with other people's money: How does it work? | [
{
"docid": "523158",
"title": "",
"text": "You can either borrow money... credit card, line of credit, re-finance your home, home equity line of credit, loan, mortgage, etc. Or you have other invest in your company as equity. They will contribute $X to get Y% of your company and get Z% of the profits. ... | [
{
"docid": "381665",
"title": "",
"text": "\"It's not a ponzi scheme, and it does create value. I think you are confusing \"\"creating value\"\" and \"\"producing something\"\". The stock market does create value, but not in the same way as Toyota creates value by making a car. The stock market does not... |
106 | What approaches are there for pricing a small business? | [
{
"docid": "76695",
"title": "",
"text": "I don't have any experience in this, but this is my academic understanding of business pricing. The LOWEST amount a seller would accept is the liquidation value. For a B&B, what would the value of the land, the house, the furnishings, accounts payable, etc. be ... | [
{
"docid": "279396",
"title": "",
"text": "Stocks, Bonds, Bills, and Lottery Tickets notes the work of Fama and French who researched the idea of a small-cap premium along with a value premium that may be useful to note in terms of what has outperformed if one looks from 1926 to present. Slice and dice ... |
109 | How to account for money earned and spent prior to establishing business bank accounts? | [
{
"docid": "73427",
"title": "",
"text": "Funds earned and spent before opening a dedicated business account should be classified according to their origination. For example, if your business received income, where did that money go? If you took the money personally, it would be considered either a 'di... | [
{
"docid": "462036",
"title": "",
"text": "\"This may be a bit advanced now, but once you start really working and get a place, I think this will apply more... Do I set up a bank account now? Yes. There is no reason not to. As an adult you will be using this much more than you think. Assuming you have ... |
475 | Do I need a new EIN since I am hiring employees for my LLC? | [
{
"docid": "366761",
"title": "",
"text": "I called the IRS (click here for IRS contact info) and they said I do not need to get a new EIN. I could have just filed the appropriate employer federal tax return (940/941) and then the filing requirements would have been updated. But while I was on the pho... | [
{
"docid": "344473",
"title": "",
"text": "I recently made the switch to keeping track of my finance (Because I found an app that does almost everything for me). Before, my situation was fairly simple: I was unable to come up with a clear picture of how much I was spending vs saving (altho I had a rough... |
503 | Privacy preferences on creditworthiness data | [
{
"docid": "367641",
"title": "",
"text": "See the first item in the list: For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Note that there's no option for you to limit t... | [
{
"docid": "447917",
"title": "",
"text": "It is very much legal and in fact depending on the fine print of the purchase you make, you have now established a business relationship among which gives the business the right to hold on to your information (unless privacy policy states otherwise) and reuse i... |
504 | Have plenty of cash flow but bad credit | [
{
"docid": "500755",
"title": "",
"text": "Set up a meeting with the bank that handles your business checking account. Go there in person and bring your business statements: profit and loss, balance sheet, and a spreadsheet showing your historical cash flow. The goal is to get your banker to understand ... | [
{
"docid": "389750",
"title": "",
"text": "I'm a bond trader and we stayed away from this Tesla deal. Tesla is cash flow negative which is a terrible sign for a bond investor and is still relatively young and changing constantly. When assessing fixed income investments you want steady predictable cash f... |
504 | Have plenty of cash flow but bad credit | [
{
"docid": "344203",
"title": "",
"text": "A) The Credit Rating Agencies only look at the month-end totals that are on your credit card, as this is all they ever get from the issuing bank. So a higher usage frequency as described would not make any direct difference to your credit rating. B) The issuing... | [
{
"docid": "483809",
"title": "",
"text": "An auto title loans are typically utilized by those that wish to obtain a funding with bad credit rating or no credit in any way. An auto-mobile title lending frequently called a vehicle title lending or merely title funding as well as pink slip funding’s. You ... |
504 | Have plenty of cash flow but bad credit | [
{
"docid": "498751",
"title": "",
"text": "\"Sign up with credit karma. It will give you two scores for free and will show you credit cards you have a good chance in being approved for. Plus it will evaluate your score showing you the 6 items that effect your score and give you steps to improve them o... | [
{
"docid": "569240",
"title": "",
"text": "Keep in mind that you NEED to have a cash reserve. Blindly applying all stray cash to debt reduction is a bad idea. Your lenders do not care about your balance. All they care about is your NEXT payment. It is therefore imperative that you have a cash reserv... |
515 | financial institution wants share member break down for single member LLC | [
{
"docid": "372909",
"title": "",
"text": "\"What exactly would the financial institution need to see to make them comfortable with these regulations The LLC Operating Agreement. The OA should specify the member's allocation of equity, assets, income and loss, and of course - managerial powers and sig... | [
{
"docid": "325677",
"title": "",
"text": "Mods decided to leave it here, so I'll summarize some of my answers on this question given @OnStartups. You can find them here, here and here. Your options are : You and your business are one and the same. You report your income and expenses for taxes on a Sche... |
529 | Sole proprietorship or LLC? | [
{
"docid": "510701",
"title": "",
"text": "\"The primary advantage is protection of your personal assets. If your LLC gets sued, they can't take your house/car/dog/wife. There aren't really any financial incentives to be an LLC; because of the pass-thru taxing structure, you wind up paying the same in t... | [
{
"docid": "209974",
"title": "",
"text": "They believe that it reduces the risk that Revenue Canada will deem you to be an employee and make them pay a whole pile of tax, EI, CPP and so on that should have been paid if you had been hired as an employee. It's my recollection that the employer gets dinge... |
547 | What percentage of my company should I have if I only put money? | [
{
"docid": "6349",
"title": "",
"text": "There is no universal answer here; it depends on how much risk each person is taking, how you want to define the value of the business now and in the future, how much each person's contribution is essential to creating and sustaining the business, how hard it wou... | [
{
"docid": "224695",
"title": "",
"text": "\"Below is just a little information on this topic from my small unique book \"\"The small stock trader\"\": The most significant non-company-specific factor affecting stock price is the market sentiment, while the most significant company-specific factor is t... |
547 | What percentage of my company should I have if I only put money? | [
{
"docid": "278629",
"title": "",
"text": "Question (which you need to ask yourself): How well are your friends paid for their work? What would happen if you just took your money and bought a garage, and hired two car mechanics? How would that be different from what you are doing? The money that you pu... | [
{
"docid": "15487",
"title": "",
"text": "You should plan on your monthly payment (Principal + Interest + Escrow) being a conservative percentage of your take home pay. No matter your cash savings, if your housing is 60% of your take home pay you are going to have trouble keeping up on the house. My t... |
549 | Where to request ACH Direct DEBIT of funds from MY OWN personal bank account? | [
{
"docid": "214024",
"title": "",
"text": "Call Wells Fargo or go to a branch. Tell them what you're trying to accomplish, not the vehicle you think you should use to get there. Don't tell them you want to ACH DEBIT from YOUR ACCOUNT of YOUR MONEY. Tell them you apparently need a paperless transactio... | [
{
"docid": "510736",
"title": "",
"text": "If your savings account linked to the mortgage account is an 100% offset account then you don't need to put extra funds into the mortgage account apart from the minimum payments which is done automatically. Any funds you have in an 100% offset acount reduces th... |
559 | Challenged an apparently bogus credit card charge, what happens now? | [
{
"docid": "246459",
"title": "",
"text": "Yes. For $15 it's not worth anyone's time to dig deep just for this specific occurrence. What you should do, however, is keep an eye on your credit card bills and accounts and watch for any other suspicious activity. It is possible that your number was stolen... | [
{
"docid": "429012",
"title": "",
"text": "\"The best answer to this is: Read the fine print on your credit card agreement. What is common, at least in the US, is that you can make any charges you want during a time window. When the date comes around that your statement balance is calculated, you will ... |
570 | Employer options when setting up 401k for employees | [
{
"docid": "363591",
"title": "",
"text": "If you were looking to maximize your ability to save in a qualified plan, why not setup a 401K plan in Company A and keep the SEP in B? Setup the 401K in A such that any employee can contribute 100% of their salary. Then take a salary for around 19K/year (assu... | [
{
"docid": "42999",
"title": "",
"text": "After reading OP Mark's question and the various answers carefully and also looking over some old pay stubs of mine, I am beginning to wonder if he is mis-reading his pay stub or slip of paper attached to the reimbursement check for the item(s) he purchases. Pa... |
585 | Following an investment guru a good idea? | [
{
"docid": "140226",
"title": "",
"text": "\"The best answer here is \"\"maybe, but probably not\"\". A few quick reasons: Its not a bad idea to watch other investors especially those who can move markets but do your own research on an investment first. Your sole reason for investing should not be \"\"W... | [
{
"docid": "257417",
"title": "",
"text": "\"Robert Kiyosaki's is basically a get-rich quick author. But to answer your question: It is a sales pitch in disguise. See Marketplace's report on a Kiyosaki seminar, which reveals that the free work shop is a sales pitch for a 3-day work shop which costs sev... |
585 | Following an investment guru a good idea? | [
{
"docid": "552375",
"title": "",
"text": "I think following the professional money managers is a strategy worth considering. The buys from your favorite investors can be taken as strong signals. But you should never buy any stock blindly just because someone else bought it. Be sure do your due diligenc... | [
{
"docid": "594788",
"title": "",
"text": "One could wish that. If you speak to Chinese in China even they don't trust Chinese businessses and don't want Chinese goods. Hiring top European and American design and engineering firms for large projects doesn't help if the guy putting the base down decides ... |
588 | Is there a reason to buy a 0% yield bond? | [
{
"docid": "570546",
"title": "",
"text": "0% bonds are desirable for some individuals. It depends on your situation. 0% bonds are usually sold well below par value (eg a 100$ face value bond for 2020 might sell for 90$ today) Hence, your gains will be CAPITAL GAINS. A similar investment paying interest... | [
{
"docid": "362771",
"title": "",
"text": "This is a perfect example of why bonds are confusing at first glance. Think about it this way... You buy a 30-year Russian Bond at 4%. An event happens that makes Russia risky to invest in. You want to buy another bond but fuck 4%, you and the rest of the m... |
588 | Is there a reason to buy a 0% yield bond? | [
{
"docid": "203710",
"title": "",
"text": "No, there isn't. There are a number of reasons that institutions buy these bonds but as an individual you're likely better off in a low-yield cash account. By contrast, there would be a reason to hold a low-yield (non-zero) bond rather than an alternative low-y... | [
{
"docid": "111033",
"title": "",
"text": "\"Bonds are valued based on all of this, using the concept of the \"\"time value of money\"\". Simply stated, money now is worth more than money later, because of what you can do with money between now and later. Case in point: let's say the par value of a bond... |
594 | Should a retail trader bother about reading SEC filings | [
{
"docid": "377322",
"title": "",
"text": "\"There are many different kinds of SEC filings with different purposes. Broadly speaking, what they have in common is that they are the ways that companies publicly disclose information that they are legally required to disclose. The page that you listed giv... | [
{
"docid": "549017",
"title": "",
"text": "There's a lot of hate on the SEC in this thread, but having had to deal with various daily reports generated by several different clearing firms -- I think a story about of all the different methods of delivery and file formats used in the industry would be wor... |
594 | Should a retail trader bother about reading SEC filings | [
{
"docid": "534059",
"title": "",
"text": "I use 10-K and 10-Qs to understand to read the disclosed risk factors related to a business. Sometimes they are very comical. But when you see that risk factor materializing you can understand how it will effect the company. For example, one microlending compan... | [
{
"docid": "509432",
"title": "",
"text": "\"I really think the government should have a few 'elite' groups inside of each of their big divisions filled with mathematicians, statisticians, computer scientists, and experts in the fields. I'm thinking a group pursuing medicare fraud, a group pursuing SE... |
603 | Will one’s education loan application be rejected if one doesn't have a payslip providing collateral? | [
{
"docid": "456440",
"title": "",
"text": "A bank can reject a loan if they feel you do not meet the eligibility criteria. You can talk to few banks and find out."
}
] | [
{
"docid": "519231",
"title": "",
"text": "\"It depends on whether the loan is written as a non-recourse debt and what collateral was pledged. \"\"Non-recourse\"\" debt means that the issuer is limited to seizing the pledged collateral but cannot extend beyond those pledged assets. A \"\"recourse debt\"... |
604 | Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? | [
{
"docid": "451443",
"title": "",
"text": "No. $188.23 has $11.76 tax = $199.99 $188.24 has $11.77 tax - $200.01 So, unless the based price contained the half cent for $188.235, the register would never show $200.00 even. How does the receipt to customer look?"
}
] | [
{
"docid": "584231",
"title": "",
"text": "What is the formula for calculating the total cost of a loan with extra payments towards the principal? The formula you require is the standard one for calculating the time to repay. With larger repayments the time to completely repay the loan is reduced. Wher... |
604 | Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? | [
{
"docid": "231947",
"title": "",
"text": "\"Don't worry about it. The State doesn't care about rounding error. All you need to do is say \"\"We charge our prices with tax included\"\" - you know, like carnivals and movie theaters. Then follow the procedures your state specifies for computing report... | [
{
"docid": "298985",
"title": "",
"text": "\"Is this amount an adequate starting amount to begin investing with? Yes. You can open an account at a brokerage with this amount. I'm not sure I would invest in individual stocks at this point. Which services should I use to start buying shares? (Currently my... |
604 | Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? | [
{
"docid": "261622",
"title": "",
"text": "Yes, it's a simple calculation. (x+0.0625x)=200 or x=200/1.0625 = $188.24 Technically $188.24 plus tax comes to $200.01. I would just eat the extra $0.01."
}
] | [
{
"docid": "286654",
"title": "",
"text": "\"In most jurisdictions, both the goods (raw materials) and the service (class) are being \"\"sold\"\" to the customer, who is the end user and thus the sale is subject to sales tax. So, when your friend charges for the class, that $100 is subject to all applic... |
620 | Is it wise to have plenty of current accounts in different banks? | [
{
"docid": "331332",
"title": "",
"text": "Its actually a good thing. The #1 factor to your credit score is your credit utilization. So if you don't spend money unwisely and they don't have any annual fee I would keep them and use them each twice a year to keep them in your credit mix."
}
] | [
{
"docid": "61734",
"title": "",
"text": "\"would it make sense to set up multiple bank accounts to avoid going above their thresholds? Quite possiblly yes but you need to pay attention to the fine print. I don't know what the situation is in poland but in the UK accounts that pay high interest often h... |
620 | Is it wise to have plenty of current accounts in different banks? | [
{
"docid": "417301",
"title": "",
"text": "You should not open bank accounts just to get additional credit cards. You should be careful about carrying too many credit cards and incurring too much debt as you could find yourself in a situation whereby you may not be able to pay off your monthly interest,... | [
{
"docid": "272328",
"title": "",
"text": "It's never too early, but age 3 is when we started a piggy bank. Age 4 is when we opened a bank account. When you go shopping with your children, discuss what items cost (such as bread, milk, books, etc.) Start teaching them that everything has a value...then ... |
620 | Is it wise to have plenty of current accounts in different banks? | [
{
"docid": "189303",
"title": "",
"text": "Another thing to factor in are deals provided by banks. In general, banks care about new customers more than their existing customers. Hence they explicitly restrict the best deals on credit cards, savings accounts, etc, to new customers only. (Of course, there... | [
{
"docid": "7944",
"title": "",
"text": "\"I added \"\"Shared money in account\"\" (SMIA) as sub-account of my bank checking (CA) account and moved current difference to that account so total of CA was not changed but now private and shared money is separated. My cases would be handled the following The... |
620 | Is it wise to have plenty of current accounts in different banks? | [
{
"docid": "180673",
"title": "",
"text": "I don't think there's any law against having lots of bank accounts. But what are you really gaining? Every new account is a paperwork hassle. Every new account is another target for con men who might steal your information and write bad checks or make phony cre... | [
{
"docid": "129997",
"title": "",
"text": "I can understand your fears, and there is nothing wrong with taking action to protect yourself from them. How much income do you need in retirement? For arguments sake, lets say you need to pull 36K per year from your 401K or 3K per month. Lets also assume th... |
620 | Is it wise to have plenty of current accounts in different banks? | [
{
"docid": "487067",
"title": "",
"text": "The original poster indicates that he lives in the UK, but there are likely strong similarities with the US banking system that I am more familiar with: The result is that you are likely going to be unable to be approved for 10 checking accounts opened in rapid... | [
{
"docid": "180295",
"title": "",
"text": "I am going to give advice that is slightly differently based on my own experiences. First, regarding the financing, I have found that the dealers do in fact have access to the best interest rates, but only after negotiating with a better financing offer from a ... |
622 | Accidentally opened a year term CD account, then realized I need the money sooner. What to do? | [
{
"docid": "179756",
"title": "",
"text": "I did find this information from the US Department of the Treasury: What are the penalties for withdrawing money early from a Time Certificate of Deposit (CD)? Federal law stipulates that all time certificates of deposit (CD) that are cashed out early are subje... | [
{
"docid": "430034",
"title": "",
"text": "Yes, there are some real dangers in having your money locked into an investment. Those dangers are well worth thinking about and planning for. Where you are going off the rails is acting like those are the only dangers to your money, and perhaps having an exagg... |
622 | Accidentally opened a year term CD account, then realized I need the money sooner. What to do? | [
{
"docid": "369239",
"title": "",
"text": "In my experience, the only penalty to breaking a CD is to lose a certain amount of accumulated interest. Your principal investment will be fine. Close the CD. A few days of interest is nothing."
}
] | [
{
"docid": "21468",
"title": "",
"text": "\"If you've already got emergency savings sufficient for your needs, I agree that you'd be better served by sending that $500 to your student loan(s). I, personally, house the bulk of my emergency savings in CDs because I'm not planning to touch it and it yields... |
659 | Buying from an aggressive salesperson | [
{
"docid": "13139",
"title": "",
"text": "\"In my experience when a salesperson says a particular deal is only good if you purchase right now, 100% of the time it is not true. Of course I can't guarantee that is universally the case, but if you leave and come back 5 minutes later, or tomorrow, or next w... | [
{
"docid": "20064",
"title": "",
"text": "This is really shallow analysis. Just because revenues are up does not mean the market is healthy. This might indicate that a market dominating participant such as Amazon is causing prices to be aggressively driven up. The real issue isn't so much quaint dead... |
659 | Buying from an aggressive salesperson | [
{
"docid": "230908",
"title": "",
"text": "There are few main reasons I can think of that the salesperson would do this: A lot of people assume it's the 3rd option always. But if the person is reputable, it's most likely 1 or 2. You can't run a business doing option 3 for long without getting a reputat... | [
{
"docid": "80797",
"title": "",
"text": "My equities portfolio breaks down like this: (I'm 26 years old, so it is quite aggressive) Additionally, I have a portfolio of direct real estate investments I have made over the past 4 years. I invested very aggressively into real estate due to the financial c... |
659 | Buying from an aggressive salesperson | [
{
"docid": "584685",
"title": "",
"text": "\"This is way too long for a comment, so I am posting this as an answer. My bet is that you're buying a new piano. It is the only instrument that makes sense. The rest of this answer are going to assume this, but this should apply well if you're going after a v... | [
{
"docid": "501209",
"title": "",
"text": "This article is very one-sided and absolutist. It also pulls the struggles from one industry and uses that as a basis to declare resumes are a useless part of the hiring process in general. What works for a Tech start up doesn't work for someone hiring a nurse ... |
659 | Buying from an aggressive salesperson | [
{
"docid": "439467",
"title": "",
"text": "I often spend weeks or months (and sometimes even years) deciding whether to buy something. Certainly the dealer should recognize you by now if you take a third opportunity to look at the same instrument. You could politely remind him that you've twice declined... | [
{
"docid": "531005",
"title": "",
"text": "\"I got started by reading the following two books: You could probably get by with just the first of those two. I haven't been a big fan of the \"\"for dummies\"\" series in the past, but I found both of these were quite good, particularly for people who have l... |
659 | Buying from an aggressive salesperson | [
{
"docid": "264297",
"title": "",
"text": "\"My advice is to quit worrying about the salesman's tactics. They are a distraction. What do you want? How much are you willing to pay for it. If you want the instrument, decide how much you want to pay for it. Round down to the next even hundred. Take t... | [
{
"docid": "69150",
"title": "",
"text": "\"While the question is highly subjective as you noted, putting extra money will of course save you interest payments, it depends on how much \"\"enjoyment\"\" is worth now. I would suggest you to not be overly aggressive as you might dig yourself a ditch, your ... |
659 | Buying from an aggressive salesperson | [
{
"docid": "235925",
"title": "",
"text": "\"I have a very simple rule. For anything other than trivial purchases (a small fraction of my monthly income), the only final decision I will make in the presence of a salesperson is \"\"No\"\". After I have the terms nailed down, and still feel that I am like... | [
{
"docid": "199237",
"title": "",
"text": "\"This is basically what financial advisers have been saying for years...that you should invest in higher risk securities when you are young and lower risk securities when you get older. However, despite the fact that this is taken as truth by so many financial... |
659 | Buying from an aggressive salesperson | [
{
"docid": "168796",
"title": "",
"text": "From your question and how you have framed it, I get you find Agressive Sales tactics disturb the buying process for you. ;) I understand because I also find the whole process of Research / Negotiating / Buying / Owning / Using is all on one continuum, so anyth... | [
{
"docid": "231720",
"title": "",
"text": "It is great that you came up with a plan to own a rental home, free and clear, and also move up in home. It is also really good of you to recognize that curtailing spending has a profound effect on your net worth, many people fail to acknowledge that factoid a... |
659 | Buying from an aggressive salesperson | [
{
"docid": "120279",
"title": "",
"text": "\"He sounds like a very bad salesman and I should know, because I was a sales manager at a bike shop which sold bikes from $200 to $10k. Now I had a clear goal, which is to sell as many bikes at the highest price possible, but I didn't do that by making custome... | [
{
"docid": "188423",
"title": "",
"text": "As a customer I absolutely hate aggressive marketing . If a shop aggressively markets to me I avoid it - this is why I avoid [Shell](http://www.shell.com/) and [WHSmith](http://whsmith.com/) . It is also why I prefer to shop at [Morrisons](http://www.morrisons.... |
659 | Buying from an aggressive salesperson | [
{
"docid": "365240",
"title": "",
"text": "As described by the other answers, there are pretty harmless explanations for that behaviour. You could be slightly worried because he gave you exceptionally good deals for both instruments, but that's neither here nor there. Maybe he simply prices all items wa... | [
{
"docid": "49133",
"title": "",
"text": "No shit, Sherlock. Let's see: - Valuation down like 80% since last year... - Massive competition from categorically better products with infinitely deep pockets (Android, iPhone)... - Only customers are a rapidly-eroding base of legacy enterprise customers w... |
659 | Buying from an aggressive salesperson | [
{
"docid": "449079",
"title": "",
"text": "If something in any transaction in life—financial or otherwise—doesn’t make you feel comfortable and the choice is between saving money with one thing versus another, don’t sell your personal needs short. Pay more elsewhere that treats you the way you expect to... | [
{
"docid": "349941",
"title": "",
"text": "I'll agree with the other commenter. There is a ton more to sales than speaking the language and being a decent public speaker. Unless you know what you're getting into and feel confident you can get it done (or you believe that the company is willing to help y... |
672 | Credit and Debit | [
{
"docid": "40966",
"title": "",
"text": "It took me a while to understand the concept, so I'll break it down as best as I can. There are three parts to the accounting equation: Assets = Liabilities + Owner's Equity We'll look at this in two ways 1. As a business owner you invest (say) 10,000 USD int... | [
{
"docid": "513477",
"title": "",
"text": "Here's a simple answer: If your debit card has a visa or mc logo, it can be used as a 'credit card'. In order to do so, you shouldn't enter the pin, instead choose 'credit' and sign for it. Unlike a credit card, you can't spend money you don't have but like a ... |
672 | Credit and Debit | [
{
"docid": "563025",
"title": "",
"text": "In view of business, we have to book the entries. Business view, owner and business are different. When capital is invested in business by owner, in future business has to repay it. That's why, capital always credit. When we come about bank (business prospect... | [
{
"docid": "84036",
"title": "",
"text": "\"Ditto Nate Eldredge in many ways, but let me add some other thoughts. BTW there are not four types of account, but five. You're forgetting equity, also called capital. Would it be possible to design an accounting system that does not have 5 types of accounts, ... |
684 | Beyond RRSP deductions, how does a high income earner save on taxes? | [
{
"docid": "441120",
"title": "",
"text": "That's not especially high income, and while I can't speak for Canadians, most of us south of the border just pay the tax. There are tax-advantged retirement savings plans, and charitable donations are often offset by a tax credit, and there are some tax incen... | [
{
"docid": "520924",
"title": "",
"text": "I would definitely recommend contributing to an IRA. You don't know for sure you'll get hired full-time and be eligible for the 401(k) with match, so you should save for retirement on your own. I would recommend Roth over Traditional IRA in your situation, beca... |
687 | Online tool to connect to my bank account and tell me what I spend in different categories? | [
{
"docid": "146021",
"title": "",
"text": "\"I'm not convinced this is completely possible without additional data. I'm categorizing my purchases now, and I keep running into things like \"\"was this hardware store purchase for home repair, hobby tools and supplies, cookware, ...\"\" Ditto for departme... | [
{
"docid": "513281",
"title": "",
"text": "\"First, let me say that $1000 is not that much of amount to invest in stocks. You need to remember that each transaction (buy/sell) has fees, which vary between $4-$40 (depending on the broker, you mentioned Scottrade - they charge $7 per transaction for stock... |
687 | Online tool to connect to my bank account and tell me what I spend in different categories? | [
{
"docid": "268992",
"title": "",
"text": "I use Banktivity. It's very much not free, but it automatically downloads all my bank and credit card activity and has excellent reporting options."
}
] | [
{
"docid": "521044",
"title": "",
"text": "\"I have worked with venture capitalists on a few different online based tools. There is no rule. I have seen deals go through for as little as 10% and up to 80%. There are a number of factors in place: What it really comes down to in the tech world is \"\"Is... |
689 | Receive credit card payment sending my customer details to a credit card processing company? | [
{
"docid": "411044",
"title": "",
"text": "Yes, there are a bunch. I have used Paypal and it worked quite nicely. I see endless ads these days for Square, a tiny card reader that you plug into a smartphone that lets you swipe the card. (With Paypal you have to type in the credit card number.)"
}
] | [
{
"docid": "443487",
"title": "",
"text": "Generally, credit card networks (as opposed to debit/ATM cards that may or may not have Visa/MC logos) have a rule that a merchant must accept any credit card with their logo. Visa rules for merchants in the US say it explicitly: Accept all types of valid Visa ... |
691 | How to categorize credit card payments? | [
{
"docid": "395912",
"title": "",
"text": "\"Using the Transfer category is the best place to put these categories, as that accurately reflects what the transaction is. If you have your credit card and bank account linked in Mint, the debit and credit to both accounts will net to $0 in the category. I ... | [
{
"docid": "345482",
"title": "",
"text": "\"in theory, yes. in practice, no. largely because merchants pay a fee to process credit card transactions which normally exceeds the cash back you can get. i tried this with square, since their vendor fee was 2.75%, and i got 5% back on restaurants. however, ... |
699 | Prepaid Rent (Accrual Based Accounting) | [
{
"docid": "107092",
"title": "",
"text": "Your account entries are generally correct, but do note that the last transaction is a mixture of the balance sheet and income statement. If Quickbooks doesn't do this automatically then the expense must be manually removed from the balance sheet. The expense ... | [
{
"docid": "568803",
"title": "",
"text": "\"The US government requires corporations to follow certain accounting standards, while exempting itself. For example, companies financial reports must reflect the future costs of things like employee pensions, healthcare and other liabilities. So if you own a ... |
701 | What are the ins/outs of writing-off part of one's rent for working at home? | [
{
"docid": "288537",
"title": "",
"text": "Be ruthlessly meticulous about the IRS regulations for deducting a home office. If it's allowed, it's allowed."
}
] | [
{
"docid": "470388",
"title": "",
"text": "The rent versus buy question is a deeply personal one in which your personal desires for a living space need to be carefully combined with what makes economic sense. Do you want your own place with all the joys of having it be yours and all the pains of having... |
701 | What are the ins/outs of writing-off part of one's rent for working at home? | [
{
"docid": "339488",
"title": "",
"text": "Tax regulations vary from country to country - some permitting more deductions, some less - but here are a few guidelines. As regards the home-office: As regards the deductions: Think of it like this: in order to have space for a home-office you needed a bigger... | [
{
"docid": "212540",
"title": "",
"text": "\"So, you have $100k to invest, want a low-maintenance investment, and personal finance bores you to death. Oooohhh, investment companies are gonna love you. You'll hand them a wad of cash, and more or less say \"\"do what you want.\"\" You're making someone'... |
701 | What are the ins/outs of writing-off part of one's rent for working at home? | [
{
"docid": "389446",
"title": "",
"text": "Before starting to do this, make sure that you are squeaky clean in all aspects of your tax preparation and are prepared to back up any claims that you make with documentation. Home office deductions are a huge red flag that often trigger audits. Follow mbhunte... | [
{
"docid": "213975",
"title": "",
"text": ">means less demand for absurdly priced homes which means prices will drop to affordable levels. Rent and home prices are obviously variable but in my area home prices are pretty aligned with rents. Assuming both home prices and rent goes up with inflation ... |
715 | what would you do with $100K saving? | [
{
"docid": "579763",
"title": "",
"text": "4) Beef up my emergency fund, make sure my 401(k) or IRA was fully funded, put the rest into investments. See many past answers. A house you are living in is not an investment. It is a purchase, just as rental is a purchase. Buying a house to rent out is starti... | [
{
"docid": "270818",
"title": "",
"text": "\"You seem to be treating your Roth IRA as a sort of savings account for use in emergency situations. I would use a savings account for savings as withdrawing money from an IRA will have penalties under various circumstances (more than contributions, Roth IRA ... |
715 | what would you do with $100K saving? | [
{
"docid": "546538",
"title": "",
"text": "\"The real answer is \"\"Why do you want to waste a windfall chasing quick returns?\"\" Instead, use this windfall to improve your financial situation, and maybe boost you toward financial independence, or at least a secure retirement. In simplest terms, forg... | [
{
"docid": "7311",
"title": "",
"text": "Which way would save the most money? Paying of the car today would save the most money. Would you borrow money at 20% to put it in a savings account? That's effectively what she is doing by not paying off the car. If it were me, I would pay off the car today, a... |
715 | what would you do with $100K saving? | [
{
"docid": "187404",
"title": "",
"text": "I would buy an ETF (or maybe a couple) in stable, blue chip companies with a decent yield (~3%) and then I'd play a conservative covered call strategy on the stock selling a new position about once a month. That's just me."
}
] | [
{
"docid": "483777",
"title": "",
"text": "If I were in your shoes (I would be extremely happy), here's what I would do: Get on a detailed budget, if you aren't doing one already. (I read the comments and you seemed unsure about certain things.) Once you know where your money is going, you can do a muc... |
721 | What are “upstream investments” and “downstream investments” in this context? | [
{
"docid": "496225",
"title": "",
"text": "Upstream is into businesses that supply the original business; downstream is into businesses that make use of the original product. So in that description, what they are saying is that the original business received products from plantations and sent products ... | [
{
"docid": "512381",
"title": "",
"text": "\"> can I use venture like that in a financial context, or does it refer specifically to venture capital? Yes, any business is a \"\"venture\"\" so to speak. > so they would receive a smaller return, yes? POSSIBLY yes. Mezzanine investors are, well, ... |
744 | What options are available for a home loan with poor credit but a good rental history? | [
{
"docid": "490443",
"title": "",
"text": "Why not just do an FHA loan? The minimum credit score is 580, and you can sometimes even go lower than that. Another alternative is to consider a rent-to-own agreement with his landlord, since it sounds like if he doesn't buy he'd continue renting there anyway.... | [
{
"docid": "205715",
"title": "",
"text": "\"From the comments, it sounds like you have a technical background. So I'm going to suggest you think of this as a technical problem: it's an optimization problem, where the variable you're trying to optimize for is total interest paid over the lifetime of the... |
744 | What options are available for a home loan with poor credit but a good rental history? | [
{
"docid": "566480",
"title": "",
"text": "Here are some (not all) things that can help overcome a low credit score: Getting a new job may actually hurt unless it's a substantial increase in income. Banks usually look at salary going back 2 years, and look for consistent, maintainable income. If you j... | [
{
"docid": "477048",
"title": "",
"text": "You could consider turning your current place into a Rental Property. This is more easily done with a fixed rate loan, and you said you have an ARM. The way it would work: If you can charge enough rent to cover your current mortgage plus the interest-difference... |
744 | What options are available for a home loan with poor credit but a good rental history? | [
{
"docid": "78176",
"title": "",
"text": "Take the long term view. Build up the cash. Once you have enough cash in the bank, you don't need a credit score. With 6 months living expenses in the bank after paying 20% down on a small house, he should have no issues getting a reasonably priced mortgage. ... | [
{
"docid": "393629",
"title": "",
"text": "Should I treat this house as a second home or a rental property on my 2015 taxes? If it was not rented out or available for rent then you could treat it as your second home. But if it was available for rent (i.e.: you started advertising, you hired a property m... |
750 | Paid part of my state refund back last year; now must declare the initial amount as income? | [
{
"docid": "419768",
"title": "",
"text": "If you get 1099-G for state tax refund, you need to declare it as income only if you took deduction on state taxes in the prior year. I.e.: if you took standard deductions - you don't need to declare the refund as income. If you did itemize, you have to declare... | [
{
"docid": "23747",
"title": "",
"text": "\"IRS Pub 554 states (click to read full IRS doc): \"\"Do not file a federal income tax return if you do not meet the filing requirements and are not due a refund. ... If you are a U.S. citizen or resident alien, you must file a return if your gross income for ... |
750 | Paid part of my state refund back last year; now must declare the initial amount as income? | [
{
"docid": "33602",
"title": "",
"text": "\"http://www.irs.gov/taxtopics/tc503.html says you can deduct \"\"Any prior year's state or local income tax you paid during the year.\"\" So I would say as long as you have good records, you can deduct the excess refund you had to pay back in the year in which ... | [
{
"docid": "116675",
"title": "",
"text": "Dividend yield is a tough thing to track because it's a moving target. Dividends are paid periodically the yield is calculated based on the stock price when the dividend is declared (usually, though some services may update this more frequently). I like to c... |
753 | Taxes due for hobbyist Group Buy | [
{
"docid": "466718",
"title": "",
"text": "\"From the poster's description of this activity, it doesn't look like he is engaged in a business, so Schedule C would not be appropriate. The first paragraph of the IRS Instructions for Schedule C is as follows: Use Schedule C (Form 1040) to report income or ... | [
{
"docid": "309923",
"title": "",
"text": "Selling one fund and buying another will incur capital gains tax on the sale for the amount of the gain. I'm not aware of any sort of exemption available due to you moving out of the country. However, long-term capital gains for low-tax-bracket taxpayers is 0%.... |
753 | Taxes due for hobbyist Group Buy | [
{
"docid": "243503",
"title": "",
"text": "You do actually have some profits (whatever is left from donations). The way it goes is that you report everything on your Schedule C. You will report this: Your gross profits will then flow to Net Profit (line 31) since you had no other expenses (unless you ha... | [
{
"docid": "374867",
"title": "",
"text": "Does this make sense? I'm concerned that by buying shares with post tax income, I'll have ended up being taxed twice or have increased my taxable income. ... The company will then re-reimburse me for the difference in stock price between the vesting and the pur... |
766 | Will the ex-homeowner still owe money after a foreclosure? | [
{
"docid": "2996",
"title": "",
"text": "Yes, the borrower is responsible for paying back the full amount of the loan. Foreclosure gives the bank possession of the property, which they can (and do) sell. Any shortfall is still the borrower's responsibility. But, no, the bank can't sell the property for ... | [
{
"docid": "595029",
"title": "",
"text": "This is an all too common problem and is not easy to resolve. Divorce agreements do not alter prior mortgage contracts. Most importantly, the bank is not required, and will not normally, remove the girlfriend from the mortgage even if she quitclaimed it to her ... |
766 | Will the ex-homeowner still owe money after a foreclosure? | [
{
"docid": "387218",
"title": "",
"text": "\"Generally, yes, although not in all states. According to this article in Time: But in non-recourse states — Alaska, Arizona, California, Connecticut, Florida, Idaho, Minnesota, North Carolina, North Dakota, Texas, Utah, and Washington — the bank has no recou... | [
{
"docid": "586759",
"title": "",
"text": "Your understanding is incorrect. The date of record is when you have to own the stock by. The ex-dividend date is calculated so that transaction before that date settles in time to get you listed as owner by the date of record. If you buy the stock before the... |
766 | Will the ex-homeowner still owe money after a foreclosure? | [
{
"docid": "550172",
"title": "",
"text": "It is in the bank's interest to sell the property for as much as they can (although it is doubtful they will put as much effort/time into selling it as the owner might). They will certainly not sell it for $1. The main reason for this is that the bank would pre... | [
{
"docid": "91926",
"title": "",
"text": "\"For the mortgage, you're confusing cause and effect. Loans like mortgages generally have a very simple principle behind them: at any given time, the interest charged at that time is the product of the amount still owing and the interest rate. So for example on... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "467044",
"title": "",
"text": "Yes, quite easily, in fact. You left a lot of numbers out, so lets start with some assumptions. If you are at the median of middle income families in the US that might mean $70,000/year. 15% of that is an investment of $875 per month. If you invest that amount... | [
{
"docid": "587192",
"title": "",
"text": "If you're under age 55 and in good health generally you cannot withdraw your funds from super and your super fund cannot provide you with any financial assistance eg lend you money. However, for a very small percentage of people with unrestricted non preserved ... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "583640",
"title": "",
"text": "It depends on how much you save, how much your savings earns each year. You can model it with a very simple spreadsheet: Formula view: You can change this simple model with any other assumptions you wish to make and model. This spreadsheet presumes that you ... | [
{
"docid": "175305",
"title": "",
"text": "Mortgage rates are at record lows. The 30 yr fixed is now below 4%, if you are in the 25% bracket and itemize (state income tax, property tax, donations, easy to pass the minimum) it costs you 3% post tax. This is the rate of long term inflation, effectively ma... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "597247",
"title": "",
"text": "Millionaire, Shmillionaire! Let's do this calculation Bruno Mars style (I wanna be a Billionaire...) If my calculations are correct, in the above scenario, at age 80, you would have more than a billion in the bank, after taxes."
}
] | [
{
"docid": "80844",
"title": "",
"text": "After looking at your profile, I see your age...28. Still a baby. At your age, and given your profession, there really is no need to build investment income. You are still working and should be working for many years. If I was you, I'd be looking to do a few... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "124027",
"title": "",
"text": "Yes, becoming a millionaire is a reasonable goal. Saving 15% of your income starting at age 25 and investing in the stock market will likely get you there. The CAGR (Compound Annual Growth Rate) of the S&P 500 over the last 35 years has been about 11%. (That 3... | [
{
"docid": "512096",
"title": "",
"text": "\"(Congratulations on the little one on the way.) I'd recommend saving outside of tax-advantaged accounts. Pay your taxes and be done with them. I'd recommend putting your old-age fund first before shelling out a lot of money for college. I'd recommend not she... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "592680",
"title": "",
"text": "I'll offer another answer, using different figures. Let's assume 6% is the rate of return you can expect. You are age 25, and plan to retire at age 65. If you have $0 and want $1M at retirement, you will need to put away $524.20/month, or $6,290.40/year, whic... | [
{
"docid": "599757",
"title": "",
"text": "What is the goal of the money? If it is to use in the short term, like savings for a car or college, then stick it in the bank and use it for that purpose. If you really want this money to mean something, then in my opinion you have only one choice: Open a RO... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "10440",
"title": "",
"text": "I see a lot of answers calculcating with incomes that are much higher than yours, here is something for your situation: If you would keep your current income for the rest of your life, here is approximately how things would turn out after 40 years: All interest ... | [
{
"docid": "351926",
"title": "",
"text": "Keep in mind your household income is in the top 20%, which does not translate to wealth. Given a healthy income, and no debt, other then a small house payment, you probably have a decent amount of free cash flow. This could easily be used to buy a car on time... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "127263",
"title": "",
"text": "The article links to William Bernstein’s plan that he outlined for Business Insider, which says: Modelling this investment strategy Picking three funds from Google and running some numbers. The international stock index only goes back to April 29th 1996, so a r... | [
{
"docid": "337561",
"title": "",
"text": "\"The only time to stop saving money for retirement is when you have enough money to retire tomorrow. Not all of your \"\"retirement savings\"\" need to be in a 401k, it is just better if you can. Be sure to get as much as you can from the employer matching pro... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "332373",
"title": "",
"text": "As others have shown, if you assume that you can get 6% and you invest 15% of a reasonable US salary then you can hit 1 million by the time you retire. If you invest in property in a market like the UK (where I come from...) then insane house price inflation wi... | [
{
"docid": "439249",
"title": "",
"text": "\"With no match, the traditional 401(k) for someone otherwise in the 15% bracket makes little sense. I'd suggest contributing just enough if you were in the 25% bracket to be in the taxable 15% but no more. Use a Roth IRA if you are saving more than that. I'm ... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "220127",
"title": "",
"text": "\"Other people have already demonstrated the effect of compound interest to the question. I'd like to add a totally different perspective. Note that the article says if you can follow this simple recipe throughout your working career, you will almost certainly... | [
{
"docid": "418864",
"title": "",
"text": "\"Keep in mind, there are too many variables to address in a single post. I could (and might) write a full book on the topic. One simple way to comprehend your perceived observation. In the 25% bracket, you have $1000 of income and two choices. Net out $750, an... |
776 | Can saving/investing 15% of your income starting age 25, likely make you a millionaire? | [
{
"docid": "597880",
"title": "",
"text": "If by being a millionaire you mean dollar millionaire then I doubt that it is really that easy in Pakistani context. At present the exchange rate is 107 Pakistani rupees per US dollar so even with this exchange rate, to have a million US dollars means having 10... | [
{
"docid": "326948",
"title": "",
"text": "You have made the most important first step by starting to think about your money, well done. Firstly pay of all credit cards as quickly as you can and start to live within your means. Until you have paid of your credits cards don’t spend any money of unnecess... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.