Podcasts about lending tree

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Best podcasts about lending tree

Latest podcast episodes about lending tree

3 On Your Side
The Cost of Enjoying Sports

3 On Your Side

Play Episode Listen Later Sep 26, 2022 17:50


Baseball season is wrapping up. Football season is underway. And we are talking about sports spending. From kids' leagues, to tickets, merchandise, food and fantasy leagues, fans plan to spend hundreds of dollars this fall.  And a new survey shows some are willing to take on debt for their favorite sport. So today we're talking with LendingTree's Matt Schulz who breaks down how much we'll actually spend and how to better budget for the sports we can't live without.

Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies
How Are Agencies Using NFTs to Add Value to Their Clients Marketing?

Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

Play Episode Listen Later Sep 18, 2022 46:50


Would you like to dive into the NFT world? Agencies are finding ways to use NFTs to connect their clients with their audiences. What's an NFT and how can you get in on it? Today's guest has worked with big companies that recognized their potential as collectibles. He also created his own NFT project with a charitable and environmental focus and now shares his experience. Chris Madden is the cofounder of Matchnode, a digital ad agency with clients that include the Chicago Bulls, Lending Tree, New Balance, and many more. He also started Seabums, an NFT project that focuses on massively improving ocean health that has donated more than $140,000 to ocean charities. Chris had been studying the rise of NFTs and learning how his clients were successfully implementing them into their businesses. Eventually, he decided that diving into the experience was the best way to learn. In this episode, we'll discuss: How to land big brand clients. How to get started in the NFT world. Getting creative with NFTs for clients. Sponsors and Resources Wix: Today's episode is sponsored by the Wix Partner Program. Being a Wix Partner is ideal for freelancers and digital agencies that design and develop websites for their clients. Check out Wix.com/Partners to learn more and become a member of the community for free. Subscribe Apple | Spotify | iHeart Radio | Stitcher | Radio FM Podcast Takeover!! Get to know your Smart Agency Guest Host:  Dr. Jeremy Weisz is the co-founder of Rise25, an agency that helps companies launch and run podcasts profitably. He followed Jason's podcast and eventually joined the mastermind and has been a guest on the podcast before. Today, he's helping Jason bring something new to the Smart Agency podcast audience by interviewing a special guest and bringing a new perspective to the show. From Starting Small to Getting Their Dream Client Matchnode started as a small agency with no outside funding and worked with whatever clients they could get. It was mainly a Facebook agency and expanded to Google ads and other paid ad platforms. Chris and his partner slowly built the agency and one day they got the most amazing lead off their website: the Chicago Bulls. By that point, they had done the work to be visible by such a big organization and were ready for the task. Basically, his agency helps the team sell tickets by promoting things like family night or different theme nights. They have a budget for each season and an expected return (about four dollars per every dollar spent). They then meet with the Bulls' creative team to figure out how they can turn their digital content into great paid social media ads that drive returns. There are a lot of moving parts to figure out, but they are continually working to track better and convert better. Overall, it has been a great experience and has led to several other clients in that space. These opportunities are thanks to all the work they did since their first year. Helping Clients Transition from Traditional to Digital Marketing Now the agency works with big established brands who, after a long history of working with traditional marketing, are embracing digital marketing. Their marketing budgets used to focus largely on traditional marketing and now it is more focused on digital. Matchnode helps them make the transition. It's very different from working with digital native companies where the senior executives may understand the importance of having a presence in the digital space. With these types of brands, there is some resistance from executives who don't really understand digital and need to be won over. Because of this, the language they use to talk about metrics, and way that they approach the problems changes. According to Chris, one of the most effective weapons against this resistance is numbers. With digital, the numbers are so clear that clients unfamiliar with this space are often surprised. They may be familiar with more traditional means like a billboard, but when they see how detailed the results for a digital ad are, it's very convincing. Diving into the World of NFTs Chris had been watching the development of the crypto space and wanted to dive deeper. As a digital ad agency working with the clients they worked with, it became clear to him that digital experiences were moving toward NFTs. He decided the only way to really learn was to jump in with a project of his own. He created Seabums, an NFT project with the mission of massively impacting oceans' health. The first collection dropped in December 2021 and so far Chris has been enjoying the experience. Working a lot with Facebook, he and his team witnessed how the digital space was changing. They purchased bitcoin as an agency and prepared for a future in which digital interactions and digital networks would be owned by people instead of centralized systems. With NFTs came the chance to own any digital object. In the broader landscape, NFTs are still limited in terms of their use but Chris believes what really matters is the piece of the crypto industry that has garnered more attention from the general public. They seem easier to understand than previous crypto movements that were truly financial in nature. It is a really fun and accessible way to dive into crypto. He also had the opportunity to see how some of his clients were using NTFs. For example, Matchnode works with the Chicago Bulls, and they started to offer NFTs as collectibles that could win fans special perks. Fans with a certain pair of the collection win tickets or a day on the bench, which added to its value and turned it more into an experience. Creating an NFT Project With a Charitable Component As he got into NFTs, Chris saw one of the criticisms was that they are shallow and short-termed. Therefore, adding a charitable component seemed like the best way to add meaning. Chris had been playing with ideas to organize an environmental project to do cleanups. Once he found a partner, they defined the project, centered it around the ocean, and got to work. There are 10,000 pieces in the collection, all completely unique. Basically, those who purchase these pieces will get full ownership and the right to do whatever they want with them. For instance, they can build a business around it and create and sell merch. 20% of the amount paid will go to charity. They're also working on future components for this project that include a space in the Metaverse and games exclusively based on Seabumps. Chris actually set up his NTF project in a way that he cannot change the price after they have been put for sale. Back when they were getting ready to launch their project, they studied the market and looked at similar projects. Since they had the charitable element and the idea of making this a project that would invite people who had never engaged with NTFs, they settled on a lower price. Things like NFTs and the Metaverse are signs that the virtual world is becoming increasingly important for people. Through them, we now have ways for users to own digital objects and create their digital identities. Want the Support of Amazing Digital Agency Owners? If you want to be around amazing agency owners that can see you may not be able to see and help you grow your agency, go to the Digital Agency Elite to learn all about our exclusive mastermind.

MoneyWise on Oneplace.com
The Debt Effect of Inflation with Neile Simon

MoneyWise on Oneplace.com

Play Episode Listen Later Sep 17, 2022 25:14


Inflation is bad enough for folks living on a budget with some money to spare, but it's devastating for those relying on credit cards. We'll talk about that and the best solution to the problem today with Neile Simon today on MoneyWise. Neile Simon is a Certified Credit Counselor with Christian Credit Counselors, an underwriter of this program. GROWING DEBT On today's program, Simon shares troubling data from the Federal Reserve. The Fed just issued a report about credit card debt in the 2nd quarter of this year, and it's surging as people struggle with inflation. Americans took on $46 billion in new credit card debt from April through June, almost a 6% increase from the previous quarter. There was also a 13% jump in new credit card accounts, the biggest increase in over 20 years. Why is this happening? The Fed report lays the blame on inflation, which is now running around 9%, and people being unwilling or unable to adjust their budget for higher prices. Some 233 million new accounts were opened in the second quarter. We haven't seen a number that high since 2008. One seemingly positive in the report is that it says delinquency rates for credit card debt are still relatively low. However, that really just means the burden of servicing that debt hasn't caught up to people yet. But it will. Total credit card debt jumped $100 billion in the 2nd quarter to reach a whopping $890 billion. And it's not over. Lending Tree just did a survey in which 43% of respondents said they will likely add to their debt in the next six months. THE WAY OUT There's a way out of credit card debt that doesn't involve bankruptcy that destroys your credit rating or debt consolidation loans that can get you deeper in debt. That's where Christian Credit Counselors comes in. CCC's process is debt management, not debt consolidation or debt settlement. When people get on a debt management plan with CCC, they make only one monthly payment. Christian Credit Counselors has arrangements with all major credit card issuers to lower interest rates dramatically, which can help clients to pay off credit card debt up to 80% faster than doing it themselves. Developing a spending plan (a budget) is an important part of the process. And CCC's team helps clients to set up a spending plan that works and puts them on a path to break free from debt. To learn more, visit ChristianCreditCounselors.org or call 800-557-1985. On today's program, Rob also answers listener questions: ● What is a payable on death provision for bank accounts? ● Does it make sense to take out a life insurance policy at age 75? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Business Innovators Radio
Interview with Chris Hervochon, Founder of Better Way CPA: Accounting for Marketing Agencies and Nonprofit Organizations

Business Innovators Radio

Play Episode Listen Later Sep 2, 2022 22:08


Chris Hervochon, CPA, CVA is the sole proprietor of his own CPA firm, provides outsourced accounting and tax preparation services primarily for marketing and creative agencies. Before founding his firm, Chris spent ten years working in forensic accounting and corporate accounting and finance. He has been featured in numerous publications, including the Journal of Accountancy and South Carolina CPA Report, AICPA Certificates Wall of Fame, Accounting Today, AMEX Open Forum, LendingTree, CMSWire, CEO Blog Nation, and WinSavvy, as well as a number of podcasts, for his industry-specific knowledge and accounting expertise.In 2018, Chris was one of only 41 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy's tenth graduating class. He was selected based on his exceptional leadership skills and professional experience for the four-day Leadership Academy program, which he graduated from in October 2018. In 2019, he was selected as one of CPA Practice Advisor's 40 Under 40.When he is not helping clients build and grow their companies and agencies, Chris enjoys spending time with his wife and three young kids, playing golf,obsessing over efficient workflows, listening to Metallica, and rooting for his beloved Philadelphia Eagles. Every April, you can find him on the 18th hole of Harbour Town Golf Links volunteering as a Marshall at the PGA Tour's RBC Heritage event.Learn more: https://www.betterwaycpa.com/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-chris-hervochon-founder-of-better-way-cpa-accounting-for-marketing-agencies-and-nonprofit-organizations

Influential Entrepreneurs with Mike Saunders, MBA
Interview with Chris Hervochon, Founder of Better Way CPA: Accounting for Marketing Agencies and Nonprofit Organizations

Influential Entrepreneurs with Mike Saunders, MBA

Play Episode Listen Later Sep 2, 2022 22:08


Chris Hervochon, CPA, CVA is the sole proprietor of his own CPA firm, provides outsourced accounting and tax preparation services primarily for marketing and creative agencies. Before founding his firm, Chris spent ten years working in forensic accounting and corporate accounting and finance. He has been featured in numerous publications, including the Journal of Accountancy and South Carolina CPA Report, AICPA Certificates Wall of Fame, Accounting Today, AMEX Open Forum, LendingTree, CMSWire, CEO Blog Nation, and WinSavvy, as well as a number of podcasts, for his industry-specific knowledge and accounting expertise.In 2018, Chris was one of only 41 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy's tenth graduating class. He was selected based on his exceptional leadership skills and professional experience for the four-day Leadership Academy program, which he graduated from in October 2018. In 2019, he was selected as one of CPA Practice Advisor's 40 Under 40.When he is not helping clients build and grow their companies and agencies, Chris enjoys spending time with his wife and three young kids, playing golf,obsessing over efficient workflows, listening to Metallica, and rooting for his beloved Philadelphia Eagles. Every April, you can find him on the 18th hole of Harbour Town Golf Links volunteering as a Marshall at the PGA Tour's RBC Heritage event.Learn more: https://www.betterwaycpa.com/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-chris-hervochon-founder-of-better-way-cpa-accounting-for-marketing-agencies-and-nonprofit-organizations

Marketing Expedition Podcast with Rhea Allen, Peppershock Media
The Importance of Proper Accounting Systems with Chris Hervochon | Marketing Expedition Podcast

Marketing Expedition Podcast with Rhea Allen, Peppershock Media

Play Episode Listen Later Sep 1, 2022 38:38


Chris Hervochon, CPA, CVA is the sole proprietor of his own CPA firm, which provides outsourced accounting and tax preparation services primarily for marketing and creative agencies. Before founding his firm, Chris spent ten years working in forensic accounting and corporate accounting, and finance. He has been featured in numerous publications, including Journal of Accountancy, South Carolina CPA Report, AICPA Certificates Wall of Fame, Accounting Today, AMEX Open Forum, LendingTree, CMSWire, CEO Blog Nation, and WinSavvy, as well as a number of podcasts, for his industry-specific knowledge and accounting expertise. In 2018, Chris was one of only 41 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy's tenth graduating class. He was selected based on his exceptional leadership skills and profession- al experience for the four-day Leadership Academy program, which he graduated in October 2018. In 2019, he was selected as one of CPA Practice Advisors 40 Under 40. When he is not helping clients build and grow their companies and agencies, Chris enjoys spending time with his wife and three young kids, playing golf, obsessing over efficient workflows, listening to Metallica, and rooting for his beloved Philadelphia Eagles. Every April, you can find him on the 18th hole of Harbour Town Golf Links volunteering as a Marshall at the PGA Tour's RBC Heritage event. 00:00 - 00:20 Getting what you paid for…00:21 - 00:40 Welcome to Peppershock Media's Marketing Expedition Podcast 00:41 – 02:46 Chris Hervochon Bio 02:47 - 06:09 Marketing Essentials Moment: Customer Acquisition Cost 06:10 - 08:05 Chris, Welcome to the show! 08:06 - 09:10 Dealing with certainty and confidence 09:11 - 12:36 Gathering financial data around the marketing budget 12:37 - 14:19 The value of helping to scale an agency 14:20 - 16:14 QuickBooks Online 16:15 -22:59 Building contents based on the client's needs 23:00 - 25:12 Red flags that have caused people to get audited 25:13 - 26:13 Consume your content on the go with Hello Audio! 26:14 - 29:50 Period of economic weirdness 29:51 - 33:32 “There is a huge opportunity in the accounting space if you can figure out how to get comfortable being uncomfortable.” -Chris Hervochon 33:33 - 36:03 Accounting, base knowledge to be an entrepreneur 36:04 - 37:12 Best way to reach Chris at Better Way CPA 37:13 - 37:51 Thank you so much, Chris! Enjoy your Marketing journey! 37:52 - 38:38 Join The Marketing Expedition Community today! #accounting #business #accountant #finance #tax #bookkeeping #smallbusiness #taxes #entrepreneur #accountingservices #cpa #marketing #advertising #branding #marketingtips #betterwaycpa

MoneyWise on Oneplace.com
The Debt Effect of Inflation With Neile Simon

MoneyWise on Oneplace.com

Play Episode Listen Later Aug 29, 2022 25:14


Inflation is bad enough for folks living on a budget with some money to spare, but it's devastating for those relying on credit cards. We'll talk about that and the best solution to the problem today with Neile Simon today on MoneyWise. Neile Simon is a Certified Credit Counselor with Christian Credit Counselors, an underwriter of this program. GROWING DEBT On today's program, Simon shares troubling data from the Federal Reserve. The Fed just issued a report about credit card debt in the 2nd quarter of this year, and it's surging as people struggle with inflation. Americans took on $46 billion in new credit card debt from April through June, almost a 6% increase from the previous quarter. There was also a 13% jump in new credit card accounts, the biggest increase in over 20 years. Why is this happening? The Fed report lays the blame on inflation, which is now running around 9%, and people being unwilling or unable to adjust their budget for higher prices. Some 233 million new accounts were opened in the second quarter. We haven't seen a number that high since 2008. One seemingly positive in the report is that it says delinquency rates for credit card debt are still relatively low. However, that really just means the burden of servicing that debt hasn't caught up to people yet. But it will. Total credit card debt jumped $100 billion in the 2nd quarter to reach a whopping $890 billion. And it's not over. Lending Tree just did a survey in which 43% of respondents said they will likely add to their debt in the next six months. THE WAY OUT There's a way out of credit card debt that doesn't involve bankruptcy that destroys your credit rating or debt consolidation loans that can get you deeper in debt. That's where Christian Credit Counselors comes in. CCC's process is debt management, not debt consolidation or debt settlement. When people get on a debt management plan with CCC, they make only one monthly payment. Christian Credit Counselors has arrangements with all major credit card issuers to lower interest rates dramatically, which can help clients to pay off credit card debt up to 80% faster than doing it themselves. Developing a spending plan (a budget) is an important part of the process. And CCC's team helps clients to set up a spending plan that works and puts them on a path to break free from debt. To learn more, visit ChristianCreditCounselors.org or call 800-557-1985. On today's program, Rob also answers listener questions: ● What is a payable on death provision for bank accounts? ● Does it make sense to take out a life insurance policy at age 75? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

MoneyWise on Oneplace.com
The Debt Effect of Inflation With Neile Simon

MoneyWise on Oneplace.com

Play Episode Listen Later Aug 29, 2022 25:14


Inflation is bad enough for folks living on a budget with some money to spare, but it's devastating for those relying on credit cards. We'll talk about that and the best solution to the problem today with Neile Simon today on MoneyWise. Neile Simon is a Certified Credit Counselor with Christian Credit Counselors, an underwriter of this program. GROWING DEBT On today's program, Simon shares troubling data from the Federal Reserve. The Fed just issued a report about credit card debt in the 2nd quarter of this year, and it's surging as people struggle with inflation. Americans took on $46 billion in new credit card debt from April through June, almost a 6% increase from the previous quarter. There was also a 13% jump in new credit card accounts, the biggest increase in over 20 years. Why is this happening? The Fed report lays the blame on inflation, which is now running around 9%, and people being unwilling or unable to adjust their budget for higher prices. Some 233 million new accounts were opened in the second quarter. We haven't seen a number that high since 2008. One seemingly positive in the report is that it says delinquency rates for credit card debt are still relatively low. However, that really just means the burden of servicing that debt hasn't caught up to people yet. But it will. Total credit card debt jumped $100 billion in the 2nd quarter to reach a whopping $890 billion. And it's not over. Lending Tree just did a survey in which 43% of respondents said they will likely add to their debt in the next six months. THE WAY OUT There's a way out of credit card debt that doesn't involve bankruptcy that destroys your credit rating or debt consolidation loans that can get you deeper in debt. That's where Christian Credit Counselors comes in. CCC's process is debt management, not debt consolidation or debt settlement. When people get on a debt management plan with CCC, they make only one monthly payment. Christian Credit Counselors has arrangements with all major credit card issuers to lower interest rates dramatically, which can help clients to pay off credit card debt up to 80% faster than doing it themselves. Developing a spending plan (a budget) is an important part of the process. And CCC's team helps clients to set up a spending plan that works and puts them on a path to break free from debt. To learn more, visit ChristianCreditCounselors.org or call 800-557-1985. On today's program, Rob also answers listener questions: ● What is a payable on death provision for bank accounts? ● Does it make sense to take out a life insurance policy at age 75? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

MoneyWise on Oneplace.com
Buy or Lease Your Next Car?

MoneyWise on Oneplace.com

Play Episode Listen Later Aug 25, 2022 25:37


The days of record low interest rates and barely noticeable inflation are behind us, so the decision of leasing versus buying isn't so clear-cut. Maybe it's time to go over the pros and cons again. We'll do that today on MoneyWise. Not only are interest rates up, but used car prices are way up, too. All of this is making the idea of leasing a car a bit more palatable for some folks. As inflation squeezes the monthly budget, the need to cut costs becomes more important. Before we get into the nuts and bolts of buying versus leasing, however, let's understand the difference. Obviously, buying a new car is just that. Before you can drive it away, you have to pay the dealership every last nickel of the cost upfront, and these days, that's a whopping figure. Of course, the best way to do this is with all cash up front, but that's getting harder to do. That means most people have to finance the purchase of a new car, ideally while still putting down as much as possible to minimize borrowing. Fortunately, there are a number of sites you can check out to get the lowest rates and best terms for an auto loan. These include Bankrate.com, NerdWallet, and LendingTree. Now, what does it mean to lease a vehicle? You might compare it to signing a lease for an apartment, except with an apartment, you don't have mileage restrictions. A lease gives you use of the vehicle for a set period of time. Most leases run for 36 months. Unless you pay the entire lease amount up front, you'll make payments each month. When the term is up, you have two options. You can hand back the keys, or purchase the vehicle. There you probably have some negotiating power, because the dealership will probably want you to buy the car so they don't have to deal with it. But most people turn the car back in and that means, they give up any equity the vehicle may have. LEASING PROS Still, there are a few advantages that come with leasing a vehicle. The big one, of course, is that the monthly payment will usually be lower than if you purchase it. In some cases, leasing a new vehicle may have a lower monthly payment than if you buy a late model used one. With a lease, you're not paying down the principal on a car loan. Instead, your lease payments are really just covering the normal depreciation of the vehicle for the life of the lease. That's a real attraction for some people, getting to drive a newer car for less monthly outlay than with buying a used car. Plus, some people don't like the idea of having to sell a car when they need a new one. That's why most just trade them in, usually for less money than they could get if they sold them on their own. With a lease, when the term ends, you just drive back to the dealership and hand them the keys. A couple of other advantages to leasing: You may be able to deduct some of the expenses associated with it, especially if you use it for a business. And if you typically drive the same number of miles each month, or you don't drive much at all, mileage restrictions shouldn't be a problem. LEASING CONS But leasing definitely has a few downsides. When buying, you have the opportunity to keep making monthly payments to yourself once you pay off a loan. That allows you to make an even bigger down payment when buying each new car, eventually getting to the point where you can pay all cash upfront. Well, with leasing car after car, that never happens. Remember, your lease payments are really just covering the cost of depreciation for the dealer. When the lease is up, the dealership still owns the car. You've accrued zero equity. Also with a car lease, you're usually limited to 10,000 miles a year. Go over that and you'll be hit with big penalties. That could be a real problem if the length of your commute changes or you want to finally take that big, cross-country vacation. And while you won't be charged for normal wear and tear, the dealership will go over the car with a fine-tooth comb when you turn it in and charge you for every tiny scratch or ding. BOTTOM LINE So while leasing might seem a little more attractive these days I wouldn't recommend it for most folks. On today's program, Rob also answers listener questions: ● Does the MoneyWise app require a subscription? ● What are some options for low-risk investments? ● What are the tax implications of selling a property? ● How do you respond to a fraudulent tax return filed in your name? ● What is the best way to investigate an investment opportunity? RESOURCES MENTIONED: ● MoneyWise App ● Find a Certified Kingdom Advisor ● Eventide Funds ● Praxis Funds ● Inspire Investing Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

MoneyWise on Oneplace.com
Buy or Lease Your Next Car?

MoneyWise on Oneplace.com

Play Episode Listen Later Aug 25, 2022 25:37


The days of record low interest rates and barely noticeable inflation are behind us, so the decision of leasing versus buying isn't so clear-cut. Maybe it's time to go over the pros and cons again. We'll do that today on MoneyWise. Not only are interest rates up, but used car prices are way up, too. All of this is making the idea of leasing a car a bit more palatable for some folks. As inflation squeezes the monthly budget, the need to cut costs becomes more important. Before we get into the nuts and bolts of buying versus leasing, however, let's understand the difference. Obviously, buying a new car is just that. Before you can drive it away, you have to pay the dealership every last nickel of the cost upfront, and these days, that's a whopping figure. Of course, the best way to do this is with all cash up front, but that's getting harder to do. That means most people have to finance the purchase of a new car, ideally while still putting down as much as possible to minimize borrowing. Fortunately, there are a number of sites you can check out to get the lowest rates and best terms for an auto loan. These include Bankrate.com, NerdWallet, and LendingTree. Now, what does it mean to lease a vehicle? You might compare it to signing a lease for an apartment, except with an apartment, you don't have mileage restrictions. A lease gives you use of the vehicle for a set period of time. Most leases run for 36 months. Unless you pay the entire lease amount up front, you'll make payments each month. When the term is up, you have two options. You can hand back the keys, or purchase the vehicle. There you probably have some negotiating power, because the dealership will probably want you to buy the car so they don't have to deal with it. But most people turn the car back in and that means, they give up any equity the vehicle may have. LEASING PROS Still, there are a few advantages that come with leasing a vehicle. The big one, of course, is that the monthly payment will usually be lower than if you purchase it. In some cases, leasing a new vehicle may have a lower monthly payment than if you buy a late model used one. With a lease, you're not paying down the principal on a car loan. Instead, your lease payments are really just covering the normal depreciation of the vehicle for the life of the lease. That's a real attraction for some people, getting to drive a newer car for less monthly outlay than with buying a used car. Plus, some people don't like the idea of having to sell a car when they need a new one. That's why most just trade them in, usually for less money than they could get if they sold them on their own. With a lease, when the term ends, you just drive back to the dealership and hand them the keys. A couple of other advantages to leasing: You may be able to deduct some of the expenses associated with it, especially if you use it for a business. And if you typically drive the same number of miles each month, or you don't drive much at all, mileage restrictions shouldn't be a problem. LEASING CONS But leasing definitely has a few downsides. When buying, you have the opportunity to keep making monthly payments to yourself once you pay off a loan. That allows you to make an even bigger down payment when buying each new car, eventually getting to the point where you can pay all cash upfront. Well, with leasing car after car, that never happens. Remember, your lease payments are really just covering the cost of depreciation for the dealer. When the lease is up, the dealership still owns the car. You've accrued zero equity. Also with a car lease, you're usually limited to 10,000 miles a year. Go over that and you'll be hit with big penalties. That could be a real problem if the length of your commute changes or you want to finally take that big, cross-country vacation. And while you won't be charged for normal wear and tear, the dealership will go over the car with a fine-tooth comb when you turn it in and charge you for every tiny scratch or ding. BOTTOM LINE So while leasing might seem a little more attractive these days I wouldn't recommend it for most folks. On today's program, Rob also answers listener questions: ● Does the MoneyWise app require a subscription? ● What are some options for low-risk investments? ● What are the tax implications of selling a property? ● How do you respond to a fraudulent tax return filed in your name? ● What is the best way to investigate an investment opportunity? RESOURCES MENTIONED: ● MoneyWise App ● Find a Certified Kingdom Advisor ● Eventide Funds ● Praxis Funds ● Inspire Investing Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to Questions@MoneyWise.org. Also, visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Keep What You Earn
How Data and Automation Help You Scale with Chris Hervochon, CPA CVA

Keep What You Earn

Play Episode Listen Later Aug 18, 2022 22:21


Automation, data collection, and data analysis are all key factors in creating efficiency and scalability for small businesses. This is important because, in business, time is money. So creating more efficiency means saving more money. This is why I am so excited to share Chris Hervochon with you. Chris is a Certified Public Accountant (CPA) and a Certified Valuation Analyst (CVA) who provides outsourced accounting and tax preparation services for small businesses and individuals. Before founding his firm, Chris spent ten years working in forensic accounting, corporate accounting, and finance. He has been featured in several publications, including the AICPA Certificates Wall of Fame, Accounting Today, LendingTree, and multiple podcasts. He has some great knowledge and tools to share with you and may even inspire you to create some new processes for your company.   * Connect with Chris on his website: www.betterwaycpa.com * Check out his YouTube channel: https://www.youtube.com/channel/UCV47G1cxtV_ElKokUt2ChXw * Find him on Twitter: https://twitter.com/chrishervochon?lang=en   * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat About This Episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us!: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein: https://www.instagram.com/shannonkweinstein * Catch me in-person on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html     The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

The Principal
The Future of Cash-Out Refis

The Principal

Play Episode Listen Later Aug 16, 2022 9:28


Today we talk with Denny Ceizyk, a senior writer with LendingTree, about cash-out refis and whether they are still a good option for certain homeowners.

Data And Analytics in Business
E112 - Linda Ginger - On Using Data Science to Engineer Winning Innovations

Data And Analytics in Business

Play Episode Listen Later Aug 7, 2022 46:36


What if you could predict whether your business idea is doomed to fail before you take that leap? Each year, thousands of people all across the world try to start their own businesses. According to LendingTree, 65.5% of businesses fail within the first 10 years. If that sounds like a long time to you, now imagine wasting those 10 years on a dying business. Is it possible to predict which business idea will ultimately succeed or fail? According to Linda Ginger, you absolutely can. This week, we bring you another TAS classic all the way from mid-2020 with Episode 25. Meet Linda Ginger Linda's Role as a Market Strategy Leader at Attractor Linda Ginger is the Owner and Go-to-Market Strategist of Attractor. For over 10 years, Attractor has enabled ambitious business entrepreneurs to rapidly discover, validate, and launch transformative opportunities. They provide this through a network to help them rapidly identify market opportunities, discover unmet customer needs, and apply proven, science-based go-to-market strategies to increase their success. Linda's Other Work in Data Science and Technology Linda has been a successful market strategist and innovator for over 20 years and left her mark in almost all the industries that you can think of. Other than her work at Attractor, Linda is a Board Member with Growth Science, a data science research firm. Previously, she was their Chief Executive, formulating the strategic direction globally, establishing an Australasian presence, and sharing research, science, and performance. That's not all. Currently, Linda is also a Development and Design Integrity Panel Member at the Brisbane Airport Corporation, an Approved Advisor with the Advisory Board Centre, and an Editor (ANZ) at Innovation Excellence, a global innovation website. In addition to this, she is a globally sought after speaker on business innovation, marketing strategy, and data science. Computer Systems, Predictions, and Growth Science In this exclusive analytics podcast episode, Linda shares: How computer systems can predict the likelihood of a business failing How Growth Science made this magic happen using data science Use cases of the MESE computer system in action How the system not only predicts success or failure but also performs diagnostics to prescribe ways out of possible failures The success rate of these predictions How to get your go-to-market strategies sorted out by MESE Getting access to this exclusive technology How to use data knowledge to engineer new successful ideas How to innovate, grow, and stay relevant in the rapidly changing climate with one simple word What you should do instead of everything and anything If you are interested in becoming more customer-centric and working backward using data analytics, technology, and science to support this journey, this is the episode you do not want to miss. --- Send in a voice message: https://anchor.fm/analyticsshow/message

Wintrust Business Lunch
Wintrust Business Lunch 8/1/22: New home sales falling, credit card debt increasing, and The Matrix Club opening soon in Naperville

Wintrust Business Lunch

Play Episode Listen Later Aug 1, 2022


Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins John to talk about the amount of credit card debt people are carrying, how the net worth of millennials increased substantially during the pandemic, new home sales falling, and a new survey from Lending Tree that shows how that parents are stressed about back to […]

Build-A-Broker: The Journey
Fernando Escaffi, MBA, The Mortgage Broker And Conversion Master

Build-A-Broker: The Journey

Play Episode Listen Later Jul 27, 2022 48:54


Another thing I love about being a mortgage broker is encapsulated by what this episode's guest said about having flexibility, freedom and nimbleness – it allows them to pivot for their borrowers and gives them an unfair advantage over non-brokers. In this episode of Build-A-Broker, we'll be meeting the conversion master himself, Fernando Escaffi, MBA, Co-Founder and COO at PrimeLine Capital, Inc. We're going to talk about his tech stack, we'll talk about the power of working with a partner that compliments your skills and abilities, and we're going to get some scripting ideas from the top-performing scripts that Fernando's originators use to hold their place as LendingTree's highest converting lender. Tune in now, and welcome to Build-A-Broker™️: The Journey, airing every 2nd and 4th Wednesday. Build-A-Broker™️: The Journey is a Mortgage News Network production, in collaboration with Originator Connect Network, and sponsored by Rocket Pro TPO. To learn more about Build-A-Broker™️ events and workshops near you, visit https://www.originatorconnectnetwork.com/build-a-broker (buildabroker.com)

Money Life with Chuck Jaffe
The Fed's cure for inflation might kill global economic growth

Money Life with Chuck Jaffe

Play Episode Listen Later Jul 27, 2022 59:07


Giles Coghlan, chief currency analyst at HYCM, says that the economy is reaching a turning point where the Federal Reserve must consider slowing interest rate hikes or risk that those increases will kill off economic growth. Coghlan notes that while all central banks are dealing with this now, the US economy will have the largest impact on the potential for a global recession. Also on the show, Dan DeYoung, portfolio manager for Columbia Threadneedle's floating rate and high-yield bond funds discusses how rate hikes are impacting the credit markets and whether higher rates will trigger significantly greater levels of corporate defaults, Matt Schulz discusses a LendingTree study of how consumers are changing back-to-school shopping habits in the face of higher prices, and Chuck talks about a way to get a win out of the upcoming $1 billion MegaMillions jackpot without even buying a ticket.

Wintrust Business Lunch
Wintrust Business Lunch 7/25/22: Lottery fever, back to school spending, and Athletes Unlimited Softball comes to Rosemont

Wintrust Business Lunch

Play Episode Listen Later Jul 25, 2022


Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins John to talk about the Mega Millions lottery, and what we learned from Lending Tree‘s new “Back to School” survey. Segment 2: Chicago Inno‘s Senior Editor Jim Dallke tells John about the latest in startup innovation including  VC funding being down in Chicago last quarter as startups across […]

Real Estate Marketing Dude
Bid My Listing with Ryan Dranginis & Chris Wesser

Real Estate Marketing Dude

Play Episode Listen Later Jul 23, 2022 23:00 Very Popular


Today we are talking with Ryan Dranginis and Chris Wesser about their new service, Bid My Listing. It provides transparency to real estate agents and sellers, allowing realtors to bid on listings, not leads. Sellers get the chance to choose from multiple realtors and decide which is the best fit for them. Ryan Dranginis, Chief Marketing Officer, and Chris Wesser, Chief Strategy Officer, are part of an exciting new tool for sellers and agents; Bid My Listing. Be sure to check out their website and social media platforms at BidMyListing.com.Three Things You'll Learn in This EpisodeWhat is Bid My Listing?How it benefits both agents and sellers. How it provides transparency to the selling process. ResourcesCheck Out Their WebsiteReal Estate Marketing DudeThe Listing Advocate (Earn more listings!)REMD on YouTubeREMD on InstagramTranscript:So how do you attract new business? You constantly don't have to chase it. Hi, I'm Mike Cuevas a real estate marketing. This podcast is all about building a strong personal brand people have come to know, like trust, and most importantly, refer. But remember, it is not their job to remember what you do for a living. It's your job to remind them. Let's get started.What's up ladies andgentlemen, welcome another episode of the real estate marketing dude, podcast. What we're talking about today, folks, as Welcome to the shift should happen. So shift happens during the shift, this will be my second one and my career. And there's a major and major opportunities always within shifts. So what I like to say market shares are taken. Because when things are going really good, no one really grows except the ones doing all the deals. And when things start going a little better, a little shaky, there's opportunity for the rest of the people, the most of the people to get in the office or get into the business and make some traction. So we're story today, interruption is here, guys. This is my neighbor I have on the podcast, but he has a company that is called Bid my listing, which is a new listing service for real estate agents. And they're making some waves. As a matter of fact, one of my old friends from Chicago sent me a message on Facebook the other day, he's like this fucking bid, my listing thing is got some traction, I feel bad for the real estate agents out there. And I'm like, well, they're not trying to take real estate out of the agent out of the deal. They're trying to work with real estate agents and give sellers a new alternative to selling their property today, because that's what sellers want. If you guys have been on the show, you've realized that we have a couple things going on in the space as well. Owner advocate, we offer seller multiple options, and no one hires you for what the hell you do. They hire you for how you do it. So we're gonna dig underneath the hood, see what these dudes are up to. And I'm gonna tell you why you should sign up for their service by the end of this because it's free, and you have nothing to lose, and you might get a listing or two. So I'm gonna be coming with some value today. Without further ado, gentlemen, why don't we introduce you guys to the show, Ryan and Chris, why don't you guys go ahead, introduce yourselves. Tell them who the hell you are. And let's get into it. All right,awesome, Mike. Number one. Thanks for the intro number two. Thanks for having us on here. You've got some cute kids and some good smelling barbecue that I constantly see out there in the street. So nice to be chatting with you here on the pod.What else do you expect from a bunch of Mexicans?Good stuff. So I'm the Chief Marketing Officer of Bid my listing. Really excited to be here talking to you and everybody who's listening in the podcast. We are a place where you can buy listings, not leads, and we can talk a lot more about that. But disruption is the right way to position it. And we're you know, we're feeling good about where we are for the shift. So excited to chat here. Thank you for having us.grisco Reddit. Yeah, sure. Thanks, Mike. Like Ryan, super happy to be here. My name is Chris Weser. I'm the Chief Strategy Officer of bid whitelisting. And my job is to kind of make sure we have world class practices, world class people, so that we can deliver a world class product to the world and really thankful for the team we built. Super excited to have Ryan on board because he's crushing it. And we're watching progress happen every single minute, which is cool. What does what has been my listing and why is Josh Altman all over my Facebook feed?That is a great question. And number one is all your Facebook feed because we are good at retargeting you. But number two, Josh Altman is the co founder of good my listing. But my listing is a place where real estate agents can find listings, not leads. So that you know our mission is to help people make smart decisions about real estate. And when I say people, we're talking about home sellers, and we're talking about real estate agents. So the experience on Bid my listing is pretty simple. I come to bid my listing.com type in my property address in a couple of clicks. As a home seller, I can put my listing up for auction. And as a real estate agent, I can come to bid my listing and see real estate listings that are up for auction in my area. So I can place a bid on that listing, I can specify a payment of cash upfront that I'm willing to offer that home seller for the opportunity to represent the sale of their home, specify my commission amount or listing term. I can talk a little bit about my marketing plan and why I'm the perfect fit to sell that home for that home seller. Click a button and the homeowner gets a chance to review the bids and hopefully selects you as the winning agent and you guys march off happily into the future. Sure.So I'm a seller. I want to list my house, you guys. They call me you guys. You say, Alright agents, here's a house who wants to bid on it. And then highest bidder, whoever that necessarily has been or whoever the seller wants to choose to represent them. And this agent would pay for that listing. And now they have a listing. Yep, that's That'sexactly it. So Josh Altman, in our co founder, Matt Perlman got together, Matt was actually selling his home, he, he lived up there in a beautiful property and lawn was good friends with Josh, they went out to dinner. And Matt was like, Hey, here's what's happening, I got a bunch of agents coming to my property, you know, walk me around my house, tell me how awesome they are sitting in my kitchen table, pitching me on whatever the you know, however, they are the best fit to sell my house. He signed a listing agreement in the agent took off went a different direction. And, you know, try to find a bunch of other listings for for themselves. So Matt got together with Josh and said, hey, the process is broken. The way that we fix this is by providing transparency in the process. So they could bid my listing as almost a digital version of the kitchen table, where the home seller is going to receive bids, and the home seller has the opportunity to select the agent that's the right fit for them. So not just based on cash, not just based on commission, but based on that agents reputation, and their plan to market that specific property.So, folks, what I want you guys to get out of the show is that sellers wants something different. The truth is 99.9% of you fucking guys are offering the same damn shit. Hey, I'll put your lesson in amaryllis, I'll put a sign in here and I'm gonna sit there and pray for a buyer to come. And then I might have some open houses and kick you out on Sunday. That's not a marketing plan anymore. And it does not guarantee or warrant five to 6% Commission anymore. Sellers aren't commission compression is a real thing. In Phoenix, you guys, you could talk to my partner out there, the Commission's is getting down to 4%, four and a half percent. And you have the appetite is out there. There's a reason why you have big tech. You have these large funds, these corporations, he's known as I buyers, you have transactional funding, you have fixed endless companies, you have, you have Wall Street involved in real estates and asset class today, which has a lot of interruption. And companies like this are going about to eat your guys's lunch. And the reason for that is because they're doing something different. That's all anyone wants. The only industry that hasn't changed in the last 50 fucking years has been the real estate industry the same way you sold the house and 1950s Exact same way you sell houses in 2022. The car industry has changed. I could go buy a frickin car out of a vending machine today. But yeah, when I saw my house, it's been the same damn thing since our parents bought their first, isn't it? Has anything changed in the real estate industry? Ever? On the listing side?Yeah, so I like to think about it. So, Chris, although I'm a Marine, and he's an army guy, and I don't like to say nice. But when I initially met with Chris, he has a really good, you know, strategy and has done a lot of research on the market. I'll let him talk a little bit about the money that's being spent at the top of the funnel. And kind of how we think about the industry ultimately being able to help agents do what they're good at, which is connect with home sellers directly and provide an incredible experience during the sale at home.Chris is sure what the number is saying what your research as it came out to this idea. What do sellers want?Yeah, so so Like Ryan said, So Matt Perlman, our co founder was selling his house, he realized the interests are not really truly aligned. Right? Number one, number two, you just mentioned the word asset class. No one had ever treated the listing as an asset before Matt, being a serial founder who's incredibly insightful about things like that said, Wait a minute, my listing shouldn't be an asset like these people want to go make commission from my house, they should pay me for that opportunity. I should have something up front for that. So we developed Bid my listing. And once we got started about a year ago, and started digging into the numbers, and substantiating sort of where we thought we could be in the market, something popped out at us. And that is today, agents spend about $22 billion a year in marketing to secure listings, right. So they do that through all of the standard channels, that most agents can't tell you how it works, or why it works, right. They're there. They're giving their money to digital marketers and others who are hopefully delivering them leads that hopefully turn into listings. So what we realized is, wait a minute, we can just bring the two parties together directly. The agents can spend that 22 billion through our platform, and they can buy the exact listings that they want, right and with our sort of matching algorithms will be able to match the buyer and the seller and the agents so that you have the best data truly the best agent for you and the homeowner is going to get some cash up front, you know Agent has skin in the game, you get compensated for that asset. And the interests are truly aligned. So that was the theory. What's really cool and Brian can speak to this better than me. As we're watching it play out and we're and we're pushing, you know, marketing dollars out there into the world ourselves and bringing people in. The value proposition is so overwhelmingly good and the interests are so overwhelmingly aligned, that our that our marketing spend is just more efficient than anything you're seeing out there in the market because people love it. I loveFirst off, let's be honest, 90% of agents who are buying leads, don't even call back any follow up on them, but they just don't know what's wrong with our industry. But, and you guys know this, like you guys will get leads, but you don't follow up with them. And then the other problem that so many agents have in the online space, at least with digital marketing is they don't have the either technology, the wherewithal, the skills, the autoresponders, the lead capture tools to actually effectively do it at high scale. And you're right, it's very expensive. And that's why most people don't do it. They lack skills, or they lack the knowledge. Many, many times and you guys are solving that for agents, because you're right, an agent that is going to try to go out on Facebook ads and generate, you know, we have some contract costs up to 700 $800 for to acquire a listing contract, you could determine if you really know what you're doing your cost of acquisition for listing contract, but 99% I just don't understand what I just said. And it's right, and then you just end up we just throw we call wishful marketing, right? Yeah. So my own agents on my team is like, Mike, I'm gonna go out there and go farm this area. I'm like, bro, you have 5000 friends on Facebook. Why are you gonna go farm a bunch of strangers? farm that people you know, they all have a referral for you. So we spent you're right, we spend our money carelessly. I think a lot of the reasons we get paid a lot. And we do close a house. Like shatters 20 grand myself throw one at this. See what happens, right? But no one is approaching adspend in a business mentality. Very few people. Yeah, yeah.100% agree with you there, Mike. And if you if you can look out your window and see my whiteboard here on the wall. The way that we like to think about it is so you're looking at a marketing funnel, right? top of the funnel, you have people that are thinking about selling their house, bottom of the funnel, yet people are actually doing something, there's an entire industry hundreds, if not 1000s of companies that exist in that funnel that are helping real estate agents get those thinkers to the point where they're doers, the way that we're approaching the industry is we're taking that funnel and we're overlaying a tee on top of it. And we're saying to agents come to us, we're going to connect you with those doers. We're going to connect with home sellers that are ready to transact. And we're gonna allow you to focus your time and most importantly, your marketing dollars on the thing that matters the most, which is getting in front of those home sellers, knowing your ROI being in complete control of your marketing budget, sitting down on a Monday morning and saying instead of spending the week you know going out and working my farm knocking on doors doing all the things I want to do acquire home sellers. I can sell my calendar not am on Monday morning, I'm logging into my listing. I'm deploying my marketing budget to get seller listings. And it's you know, it's that simplekeep turning my mute on here, guys, but what do you guys think that I like it a lot. I think that I'm I'm curious to know what your research shows on and I'm sure Chris sounds like a really really smart dude here. And I'm sure you did some research and you guys did stuff of what sellers want. What do sellers want today from their agents? Do you guys have any color on that?I'll take it past that. And on the Chris of the, you know, I mentioned we're Think of us as the digital version of the kitchen table. So you know right now I can pull up my phone, I can click a button and you and I can have a burrito delivered in the next 10 minutes. I can click another button and Uber picks us up and brings us to downtown Encinitas. You know, the world is used to transparency the world is used to removing friction. So digital products that are removing friction, and that's what homeowners want. So homeowners want to sit down, they want to treat you know, they want to treat the sell their home like it's the most one of the most important business transactions in their life and be able to see transparently, I want to see 20 agents who are bidding on my listing I want to see their reputation I want to see their marketing plans. And you know, I want to I want to be able to make a decision smartly. I want to make a decision on my terms and that's what we're providing to a home sellers and that's that's what's really resonate and that's what they're loving about the platform.What I like about this is I used to lose a couple of listings to little cousin Billy who just got his license a little prick or Aunt Susie the realtor, you know, every year this happens to agents. This is though such a USP though I could see that occurring. Because with anything you guys you have to first generate attention the first time you get the opportunity pitch your business, whatever it is in any business if you don't generate the opportunity and I Think what the interrupt is like, hey, I'll buy your listing or I'll pay for your listing. Like that's sexy. Like every seller just say, Wait, what? I'm gonna hire a realtor anyways, they're gonna charge me five or 6% of your time me, I'm gonna have a way to get my best, the best realtor out all of them, and then they're gonna pay me to represent me. And then they're that means that they're gonna fight for it. So there's a very famous tagline by LendingTree says when banks compete, you win. It's very similar, right?Yes, yes. The tool, Priceline adage says thatPriceline Yeah, when banks compete, you win. Was that Priceline? Travel? Travel? Travel? Yeah.So but it's, you know, it's the same exact thing. It's, it's giving homeowners you know, both transparency, flexibility, and they be able to make a decision on their terms. And it's, you know, one of the stats that we pulled is 75% of people that are selling their home meet with less than two agents? And are they're basically making a decision, because it's easy, you know, like, if, without my listing, you know, I'm going to call up the first guy that drops me a postcard, or the first guy that I see on Facebook, or I'm going to go ask you, Mike, across the street. And yeah, you know, refer me to or yourself. So the, we're helping people make smart decisions, which means, you know, I can pull on my phone and see all the the price of every stock in the US or, you know, whatever I want to see, we're helping home sellers do the same thing.I like it. I like it. I just it just, it's it seems so simple. But yet so effective, you know, and you're just like, Why isn't anyone thought about this before? But again, it's because we're a bunch of dinosaurs. No one's ever done anything differently before. And anyone who's doing anything differently is getting buzz and the buzz is what you need, especially in a shift like this. What do you got? What do you guys think's gonna happen? With this market? Right here? We're seeing the shift some places more than others. I'm seeing that all over the country. How do you think this plays in into all of that? I think it's a positive for you guys.Yeah, I mean, yeah, I'm too I think the you know, there's inventory constraints across the board. That's something that we're, you know, we're all dealing with the, you know, what we've found, in our early days of working with a bunch of different home sellers is this number one, it solves a real problem. So inflation is on the rise, putting cash in the homeowners pocket is a good thing. Number two, it's a very effective tool for people that are publishing listings at scale. So you know, there's a shortage of housing across the board, new housing developers, it's a very efficient way to get their listings to market. So whether you're architect developer, big builder, there's a lot of traction there. So you know, I think, whatever direction the market decides to go, we're gonna be well positioned to receive it.I like it. Any other things that you guys think you want to add in on here? And where do you guys find most of your sellers at? Is this all online marketing? You guys doing a lot of different channels? How are you finding sellers? What are you targeting? If you're willing to share any of that?Yep. So I think an important caveat here is, we're you know, we're early days, I've been my listening. So we officially launched the platform on June 2, we've seen tremendous traction, most of our marketing to date on the home seller side has been primarily direct response, you know, using Facebook, and other digital channels. It's an incredible for us to have somebody like Josh Altman, as a co founder, he has an incredible sphere of influence that he's been activating for us, which is, you know, which is great, especially on the agent side, keep an eye out for us agents in the National Association of REALTORS publication that's coming out here in a couple of days. So we'll be doing some introductions there. So the important thing on the marketing side is the word network product. So you know, a lot like Tinder, where if there's not two people that want to date in an area, then the product doesn't make a lot of sense. For us, we're a network product. So think of us as an extension of your marketing team. You come to my listing, you sign up, it's fast, easy, and it's free. We see a concentration of agents in a zip code, and we go out and turn our marketing laser on that zip code, and we're acquiring homeowner listings. So and we've, you know, I feel like Chris alluded to it. Right now, positioning is Get Paid cash upfront and make a smart decision about selling your home really resonates. So it's been a real good interaction in the early days.Yeah, so different. Chris, how about you?I guess the one thing I would want to add because this is just it's resonated with everybody I've spoken to I spend a lot of time speaking to VC analysts to spend their entire lives studying this industry. And the thing that really really resonates a lot with me is today if you look at NAR, NAR says that agents spend somewhere around 75% of their time hunting for business. And to me, it's just really, really cool that agents can now spend 99% of their time selling listings that they buy on Bid my listing. Anytime you talk about that with with economists, they just see that as a massively disruptive thing, because it allows the agent to spend the vast majority of their time doing what they're really good at. And it's kind of kind of one of my favorite pieces of the entire company's puzzle.Like it. Why don't you guys go ahead and tell them one more time where you could get any other closing thoughts you want to add in here. But make sense, folks, this is very simple. These guys are doing some different setup for their stuff. But regardless, you have to do something different. You don't get noticed. That's what this is all about. Differentiation is a good thing in real estate because everyone's doing the same thing. It's not that hard to stand out. There's only one real estate marketing Dude, that's done on purpose. Right? There's one other dudes out there. And that's done for brands. I get it all the time. There's a reason brand matters. USP matters, differentiation matters. So go ahead at right once you guys close it out.Awesome. Well, again, thanks for having us, Mike. we've chatted about this over beers and excited to be talking about it. You're on your podcast. For everybody who's listening, signing up for bid my listing. It's fast, it's easy, it's free. Go to bid my listing.com. Follow us on Instagram. You'll see alerts come out. When we have listings. If you sign up, you'll get alerts when there's listings in your area. But we're here to make a real change. We're here to help agents deliver a great experience to home sellers. And we're excited to be here and look forward to seeing you there. My listening.Sir, I appreciate you guys. Thanks for coming on to the show. And thank you for listening to another episode of Real Estate Marketing podcast. Folks, if you want to build a personal brands very simple script, edit and distribute your videos and put you on the map. Real estate is not hard. It's a giant popularity contest. And the more people know who the hell you are the more opportunities that arise because 10 to 15% of them are moving this year and 100% of them have a referral. And the one they always hire is the one they know first and foremost, at least to the tune of 80% So visit our website at WWW dot real estate marketing do.com Subscribe and schedule a demo with a dude quit waiting. What are you doing schedule now? Thank you guys for listening and we'll see you next week peace. Thank you for watching another episode of the real estate marketing dude podcast. If you need help with video or finding out what your brand is, visit our website at WWW dot real estate marketing dude.com We make branding video content creation simple and do everything for you. So if you have any additional questions, visit the site, download the training, and then schedule a time to speak with the dude and get you rolling in your local marketplace. Thanks for watching another episode of the podcasts. We'll see you next time.Transcribed by https://otter.ai

Total Information AM
Inflation is having parents stress over back to school shopping

Total Information AM

Play Episode Listen Later Jul 20, 2022 6:16


Matt Schulz, Lending Tree analyst joins Megan Lynch and Tom Ackerman talking about what Lending Tree is doing to help parents with back to school shopping. 

Real Wealth Show: Real Estate Investing Podcast
What Are Homebuyers Doing About Higher Mortgage Rates Channel

Real Wealth Show: Real Estate Investing Podcast

Play Episode Listen Later Jul 16, 2022 26:13


Mortgage rates did a big turn-around over the last two weeks. The 30-year fixed-rate mortgage dropped a half a percentage point to an average of 5.3%. That's not as low as it was this time last year, but the two-week difference in rates is saving homebuyers about $100 dollars in monthly mortgage payments. Will these lower rates last? In today's episode, you'll hear from Lending Tree's Senior Economic Analyst, Jacob Channel. He conducts studies on a wide variety of topics related to the U.S housing market and provides general macroeconomic analysis. He earned a BA and an MA in Economics from The New School for Social Research in New York City and joined Lending Tree in 2019. His work has been featured in major publications including the New York Times, Bloomberg, Forbes, and CNBC. He has also appeared as a guest on Cheddar TV and Yahoo Finance.If you'd like to learn more about how investors are dealing with higher rates, you'll find a recent webinar on our website called “How to Use Leverage Effectively in Today's Rising Interest Rate Market.” Just go to the Learn tab at the top of the page for our webinar section, or click here.If you haven't signed up yet as a member, it's free to join. You'll get access to the Investor Portal where you'll find details about single-family rental markets across the country. You'll also get access to our network of experienced investment counselors, property teams, lenders, attorneys, CPAs, 1031 exchange facilitators, and other real estate professionals.And please remember to subscribe to our podcast and leave a review! Thank you!

The Deep Dive Radio Show and Nick's Nerd News
Data Breaches of the Week! July 4 to July 10, 2022

The Deep Dive Radio Show and Nick's Nerd News

Play Episode Listen Later Jul 10, 2022 13:39


LendingTree, Aon, 4 large airports, the biggest breach in China and Marriott (again) are all part of this week's breaches!

The Innovative Agency
165. Keeping More Money In Your Agency, with Chris Hervochon

The Innovative Agency

Play Episode Listen Later Jun 29, 2022 20:17 Transcription Available


Are you searching for more ways to keep money in your agency? In this episode of the Innovative Agency podcast, we are joined again by CPA, Chris Hervochon. Chris provides outsourced accounting and tax preparation for small businesses and individuals. During our conversation, he shares insights on avoiding scope creep and updating your agency's pricing model. What you will learn in this episode: Two ways that agency owners can avoid scope creep How after-action reviews can help make sense of time and scope of projects Why a subscription-based pricing model is the best option for agencies What is the difference between scope creep and margin bleed How to address pricing changes during our current market Bio Chris Hervochon, CPA, CVA is the sole proprietor of his CPA firm. Chris Hervochon provides outsourced accounting and tax preparation for small businesses and individuals. Before starting his own CPA firm, Chris spent ten years between forensic accounting and corporate accounting and finance. He has been featured in publications such as the AICPA Certificates Wall of Fame, Accounting Today, AMEX Open Forum, LendingTree, the IAMCEO podcast, the Success Defined podcast, CMS Wire, CEO Blog Nation and WINSAVVY for his industry knowledge and accounting expertise. Resources: Websites: https://www.betterwaycpa.com/recent-press/ Facebook: https://www.facebook.com/BetterWayCPA/ Instagram: https://www.instagram.com/betterwaycpa/ LinkedIn: https://www.linkedin.com/in/ChrisHervochon/ Pinterest: https://www.pinterest.com/betterwaycpa/_created/

Geobreeze Travel
Episode 87 - Hotels.com is Underrated with Katherine Fan

Geobreeze Travel

Play Episode Listen Later Jun 26, 2022 42:12 Very Popular


Katherine Fan from @katherinefangirling is an editor at Upgraded Points, former senior writer for NerdWallet. Her work writing about travel and credit cards been published by The Points Guy, Bankrate, Creditcards.com, LendingTree, and more. In this episode, Katherine and I discuss the ins and outs of the hotels.com program and when it might make sense to integrate into your points and miles strategy. Just a note - Katherine doesn't work for hotels.com and this episode isn't sponsored by them or anything like that. Hotels.com is a great program for budget travelers to look into, or if you are a beginner award traveler interested in exploring lots of different hotel brands. If you're just starting out with points and miles, check out the Chase Sapphire Preferred, which is the most popular starter card for people looking to dive into award travel. Please remember – never ever apply for a credit card through Google, always use a friend or creator's referral links If you are interested in supporting this show when you apply for your next card, check out geobreezetravel.com/cards Chase Sapphire Preferred: https://milevalue.com/creditcards/chase-sapphire-preferred/?aff=gbt Download App in the Air at: https://links.appintheair.mobi/geobreezetravel You can find Katerine at: Instagram: https://www.instagram.com/katherinefangirling You can find Julia at: Website: https://www.geobreezetravel.com Instagram: https://www.instagram.com/geobreezetravel Credit card links: https://www.geobreezetravel.com/cards Masterclasses: https://www.geobreezetravel.com/hangouts Patreon to access recordings of masterclasses: https://www.patreon.com/geobreezetravel Award travel coaching call: https://www.geobreezetravel.com/calendly Sign up for the newsletter and get exclusive access to sign up for free coaching calls: https://www.geobreezetravel.com/free-coaching Geobreeze Travel is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as milevalue .com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress .com to learn more.

Business for Breakfast
Business for Breakfast 6/17/22 @markasher32 @matthewschulz @LendingTree

Business for Breakfast

Play Episode Listen Later Jun 17, 2022 6:00


@markasher32 talks with  @matthewschulz of @LendingTree about Americans racking up debt. #credit #debt #creditcards #federalreserve #consumers 

Business for Breakfast
Business for Breakfast 6/17/22

Business for Breakfast

Play Episode Listen Later Jun 17, 2022 45:15


@markasher32 spoke with  @matthewschulz with @LendingTree about Americans debt then we speak with Ann Landers of  @JAArizona  about helping Arizona's youth. #lending #debt #credit #creditcards #youth #education 

The Financial Quarterback: Inside The Huddle
New cycles impact Gen Z Investors most with Matt Schulz

The Financial Quarterback: Inside The Huddle

Play Episode Listen Later Jun 8, 2022 3:50


Josh Jalinski, The Financial Quarterback, is joined by Matt Schulz is chief credit analyst at LendingTree. Matt has been covering the personal finance space for more than a decade. He is a nationally recognized expert on credit cards, “buy now, pay later” loans, personal loans, credit scoring and reporting, small business lending, and other aspects of personal finance. In this segment, Matt Schulz says that new cycles impact Gen Z investors the most. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

The Financial Quarterback: Inside The Huddle
Democrats tend to let their financial decisions be more affected by news and current events with Matt Schulz

The Financial Quarterback: Inside The Huddle

Play Episode Listen Later Jun 8, 2022 4:33


Josh Jalinski, The Financial Quarterback, is joined by Matt Schulz is chief credit analyst at LendingTree. Matt has been covering the personal finance space for more than a decade. He is a nationally recognized expert on credit cards, “buy now, pay later” loans, personal loans, credit scoring and reporting, small business lending, and other aspects of personal finance. In this segment, Josh and Matt discuss the idea that Democrats tend to let their financial decisions be more affected by news and current events. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

The Financial Quarterback: Inside The Huddle
Gen Z is shooting themselves in the foot by pulling out investments funds with Matt Schulz

The Financial Quarterback: Inside The Huddle

Play Episode Listen Later Jun 8, 2022 4:26


Josh Jalinski, The Financial Quarterback, is joined by Matt Schulz is chief credit analyst at LendingTree. Matt has been covering the personal finance space for more than a decade. He is a nationally recognized expert on credit cards, “buy now, pay later” loans, personal loans, credit scoring and reporting, small business lending, and other aspects of personal finance. In this segment, Matt and Josh talk about why Gen Z is shooting themselves in the foot by pulling out investments funds Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

The Financial Quarterback: Inside The Huddle
Men are two times more likely than women to pull their money out with Matt Schulz

The Financial Quarterback: Inside The Huddle

Play Episode Listen Later Jun 8, 2022 3:45


Josh Jalinski, The Financial Quarterback, is joined by Matt Schulz is chief credit analyst at LendingTree. Matt has been covering the personal finance space for more than a decade. He is a nationally recognized expert on credit cards, “buy now, pay later” loans, personal loans, credit scoring and reporting, small business lending, and other aspects of personal finance. In this segment, Matt Schulz explains why men are two times more likely to pull their money out than women. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Financial Quarterback Josh Jalinski
Gen Z Democrats are Most Likely To Make Regretful Financial Emotional Decisions

Financial Quarterback Josh Jalinski

Play Episode Listen Later Jun 5, 2022 53:15


Josh talks with Matt Schulz, chief credit analyst at LendingTree, who has been covering the personal finance space for more than a decade. Lending Tree runs an annual survey about investor behavior and what affects their decisions. Many of the survey results discussed include Gen Z'ers are much more likely to make emotional financial decisions affected by current events, news cycles, and politics. The biggest take away bing nearly 40% of investors pulled money from stock market in past year due to current events, and many regret It.

Work 2.0 | Discussing Future of Work, Next at Job and Success in Future
#FutureOfWork And Radical Talent Transformation

Work 2.0 | Discussing Future of Work, Next at Job and Success in Future

Play Episode Listen Later Jun 2, 2022 60:53


In this session, Gabrial Dalporto, chief executive officer at Udacity, discusses some of the key issues concerning retraining and reskilling the workforce. He also shares best practices and strategies on how companies, leaders and educational institutes can tune their systems to the demands of modern world of work. Podcast Link: iTunes: Youtube: https://youtu.be/6zGsiCMJfSU Bio: Gabe Dalporto is Chief Executive Officer at Udacity. Prior to joining Udacity, he worked at LendingTree, where he held several leadership roles, including Chief Marketing Officer and Chief Financial Officer. During his time at LendingTree, he was instrumental in driving the company's transition from a microcap, mortgage-focused marketplace to a multi-billion dollar, fully diversified financial services marketplace. During his tenure, LendingTree delivered a remarkable 6745% stock price appreciation, one of the highest of any publicly-traded company. Dalporto joined the LendingTree Board in 2017 and continues to be an active board member there, and he is also a board member of Guitar Center. Gabe holds a Bachelor's degree in Nuclear Engineering from the University of Florida and a Master's degree in Nuclear Engineering from MIT. Timelines: 1:00 Gabriel's journey 5:45 Gabrial's on his diverse career path. 9:09 Reflection on the two decades of reskilling and education at the workplace. 13:34 Udacity's contribution to workplace learning and reskilling. 16:49 The future of the university system vis a vis the new reality of work. 21:02 Ways to bring technology to the remotest corners for learning and development. 25:30:00 Impact of Covid on the learning and development scene in companies. 30:04:00 The role of a learning and development company while collaborating with companies. 33:57:00 The right depth and breadth of a tech transformation in workplace. 38:53:00 Challenges in retraining and reskilling the workforce. 42:06:00 The role of a legislature in reskilling programs implementation. 44:48:00 The role of Udacity in reskilling workforce around the world. 47:31:00 Are university degrees still useful? 50:29:00 Rapid fire with Gabriel. 56:19:00 Gabrial's success mantra. 57:30:00 Gabrial's favorite reads. 1:00:30 Closing remarks. About TAO.ai[Sponsor]: TAO is building the World's largest and AI-powered Skills Universe and Community powering career development platform empowering some of the World's largest communities/organizations. Learn more at https://TAO.ai

The Insurtech Leadership Podcast
How to Engage Private Equity for Growth Capital (w/Kegan Greene, Jefferies)

The Insurtech Leadership Podcast

Play Episode Listen Later May 24, 2022 12:00


Kegan Greene is a Managing Director and Head of Insurance Technology investment banking at Jefferies, a multinational investment bank that provides M&A transaction support including capital markets and financial advisory services, institutional brokerage, securities research, and asset management. Kegan works with later-stage insurtechs, Series B, C or beyond who are leaving the initial VC-raise stage and can start yo consider other options such as private equity. This content is great competitive intelligence for earlier-stage insurtechs who may themselves become acquisition targets and need to understand the market dynamics at play. Kegan is observing companies who are raising bridge alternatives to equity by using convertible debt or other instruments to provide growth capital without over-focusing on the valuation-dilution aspects of the raise.   Kegan sees momentum towards increased consolidation of policy administration software providers, and is excited to see what he calls, "Companies that are solving problems for the first time in insurance." Founders are bringing deep industry experience and are trying to solve a problem that has plagued them for years, truly understand the problem they're solving and have the vision to create on a greenfield.  Prior to joining Jefferies, Kegan's notable M&A transactions included the sales of HazardHub to Guidewire, Advisen to Zywave, QuoteWizard to LendingTree, ATTOM Data to Lovell Minnick, Real Capital Markets to Lightbox, Worley to Aquiline, and Wealth Enhancement Group to Lightyear. Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.

How CMOs Commit with Margaret Molloy
AAPI Leadership + Inclusive Storytelling with Alex Ho (Terminix), Shiv Singh (LendingTree), Kelly Liang (Discord), Sunil Rajaraman (GoodRX), Amy Leung (BNY Mellon), and Rich Narasaki (Carbon)

How CMOs Commit with Margaret Molloy

Play Episode Listen Later May 24, 2022 56:44


Continuing our Inclusive Storytelling series, we honored Asian American Pacific Heritage Month with a Future of Branding panel on AAPI Leadership + Inclusive Storytelling. During the conversation, panelists discussed how their brands are celebrating AAPI Month, balancing authenticity with action, and cultivating inclusive storytelling all year long. Panelists also share their personal stories.

Fueling Deals
Episode 173: International Deal Lessons with Wendy Pease

Fueling Deals

Play Episode Listen Later May 18, 2022 41:11


For almost 20 years, Wendy Pease has worked with hundreds of companies to help them communicate across more than 200 languages and cultures. As a young child, she lived in Mexico, Taiwan, and the Philippines. Through these experiences, she fell in love with the languages and cultures of the world. She came to understand that people around the world are similar. Although how they communicate can be quite different and miscommunication can lead to trouble. She bought a small translation company in 2004. The previous founder focused on high quality written translation and spoken interpretation services. Through that acquisition, Wendy became an expert in multilingual communications. Since then, Rapport International has grown substantially.If you're looking for a way to get better international deals and don't know where to start, Wendy Pease is the right person to help. Acquiring VS Starting A New Company If you're new to an industry, finding a buyable company can be a huge win. Acquiring an existing company means you already have an active base of existing customers. It costs up to seven times more to acquire a new customer than to retain an existing one.A good way to think of acquisitions vs starting a new company is to look at it as just buying your ideal customer. Wendy already had a love for translations and a deep understanding of why cross-cultural communication requires delicacy in business. What Wendy was really buying was their book of business and an avenue to pursue her passion. Often, people assume buying a business means using all of what comes with it but that's rarely the case. You might not need their accounting team, because you already have one. Or, you might not need their offices because you want to work remotely. So it's not so much that you're buying the whole business framework, as much as you are buying their customers.Wendy made a great point about what went into her decision to buy a business that the success rate of new businesses is low. In contrast, the rate of success of a business continuing after two years is high. She's right! The business failure rate in the U.S. within the first year is nearly 20% — 18.4%, to be exact — according to a LendingTree analysis of BLS data. Wendy also explained that she was tired of not being able to control her work schedule. Becoming a CEO means creating or adapting the structure of a business to suit your needs including your own schedule. Major changes like shifts in timezones, location dependence, or expected timelines are something you want to be sure you're on the same page as your team about before acquiring a small business with intentions to change their expectations.Wendy gave us multiple great reasons to go the acquisition route. Some of these may be worth considering if you've been thinking of founding a new start-up or growing your existing ventures. Business Internationalization There's a lot of potential for companies to do international business. But it's still a small portion that does - less than 1% of US companies export. To internationalize your business, it only takes small modifications on your website. The most important thing is to translate to other languages to bring in additional visitors. Wendy pointed out that 90% of buyers are more likely to spend time on a website if it's in their language. The state and federal governments offer free support to companies that want to do international business. Such as grants to help you do an international trade show, help to translate your website, and also free stretch strategic advice. There are resources to help when you're getting into a deal situation, such as the Department of Commerce. In this department, it is possible to find people at your state trade offices who have been to other countries to share their business tips. Lessons From Report International It is very important when cutting a deal with somebody in another country to dedicate yourself to translating the content into their mother tongue. Even though English is the global language, people feel more comfortable with a better deal if you're doing things in their language. The globe is getting more used to people's function differently. By spending that time learning from others and making these minor efforts, companies have achieved more success and deals. Wendy explains that working with translations specifically means anything written. Interpretation means anything spoken. In Report International, they start with the company's strategy, define what they want to accomplish, and go all the way through providing an in-person interpreter, telephone interpreting, or video interpreting. Lessons From Wendy When many companies internationalize, they don't have a trusted local relationship. Companies think that they either have to open up an international office or they've got to go right out and get a distributor. But there are lots of ways that you can enter the country without having that trusted relationship. No need to hire the distributor directly. The Department of Commerce has offices all over the world. Every company can reach out to people in the country and they'll help make introductions. Do a trial basis and build that relationship. And once you do deals, you get to know more about what's there. Closing an International Deal The Right Way When closing an international deal, it's not enough just to speak the language in which you're closing a deal. You need to understand the culture. Just because someone is bilingual does not mean they can help, as they may not understand the misunderstandings that can happen. Wendy recommended hiring professional translators and professional interpreters. They have been trained on how to navigate the two cultures. As an example in Report International, they work in over 200 different languages. The translators or interpreters have to be fully bilingual, as well as understanding the culture and business practices to close a deal. In whichever contract, even if the person you close the deal with speaks some English, the best thing is to have an interpreter because they work as the real cultural conduit with explaining what's going on. To hear more about Wendy's thoughts on international deals, listen to the full episode! To connect with Corey for more: Website: https://www.coreykupfer.com LinkedIn: https://www.linkedin.com/in/coreykupfer Facebook: https://www.facebook.com/CoreyKupfer Twitter: https://twitter.com/coreykupfer

Wintrust Business Lunch
Wintrust Business Lunch 5/16/22: McDonald's leaving Russia, bridal party survey, and downtown activity bouncing back

Wintrust Business Lunch

Play Episode Listen Later May 16, 2022


Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins John Williams to talk about a new Lending Tree survey that shows 56% of bridal party members feel pressure to overspend, former Fed Chairman Ben Bernanke saying the Fed was too slow in raising interest rates, and the importance of improving your credit score considering today’s […]

9&10News
Focus - Less Money, More Problems

9&10News

Play Episode Listen Later May 13, 2022 10:55


Prices for just about everything continue to rise. Inflation is causing increasingly more people to have a difficult time meeting household expenses. Just how many people? QuoteWizard by LendingTree's Nick VinZant analyzes their latest report to paint a dire picture of what's happening to family budgets in Michigan and nationwide.

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief; Fed's Rate Hike Plan, Record Home Price Growth, Real Estate Career Surge

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later May 13, 2022 6:13


The Real Estate News Brief; Fed's Rate Hike Plan, Record Home Price Growth, Real Estate Career SurgeIn this Real Estate News Brief for the week ending May 7th, 2022... the Fed fights inflation with rate hike, home prices hit new record high, and the popularity of a career in real estate.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and words from the central bank that touched off a dramatic roller coaster of gains and losses on Wall Street. Fed Chief Jerome Powell sat down with the press for an hour on Wednesday after a decision by Fed officials to raise the Federal Funds rate by 50 basis points. Powell said that inflation is too high but essentially nixed the idea of a 75 basis point rate hike. He also suggested the possibility of two more 50-basis point rate hikes during the next two meetings. (1)His comments about shelving a more aggressive rate hike plan triggered a huge stock rally with the Dow gaining at least 900 points. But the exuberance didn't last long. Stocks fell harder on Thursday than they flew higher on Wednesday, and the losses continued on Friday. So there's still plenty of uncertainty about where our economy is headed. But Powell's comments were encouraging. Among his comments: “We need to do everything we can to restore stable prices as quickly and effectively as we can. We think we have a good chance to do it without a significant increase in unemployment or a really sharp slowdown.” (2)So how do the rate hikes affect consumers and investors? They are directly linked to higher rates for credit cards, student loans, car loans, and adjustable-rate mortgages. They will also influence mortgage rates, although they are not directly linked. On a positive note: higher mortgage rates along with high home prices are expected to result in a cooler and more normal housing market. But how high will mortgage rates go? Lending Tree's senior economic analyst, Jacob Channel, is predicting that the 30-year fixed-rate loan will hit 6% by the end of the year. (3) I think it will hit 7%.There were 200,000 initial jobless claims last week which was an increase of 19,000 from the week before. It was the biggest weekly increase since almost a year ago, but continuing claims decreased by the same amount, but they remain at their lowest level since early 1970, at 1.38 million. (4)U.S. companies also added almost a quarter million new jobs in April, but there are still far too few workers to fill all the open positions. In March, there were a record 11.5 million jobs that needed filling. The unemployment rate is currently at 3.6% which is slightly higher than a 54-year low. (5) (6)Construction spending was slow in March, because of a drop in non-residential spending. Money spent on all kinds of residential construction was up 1%. That's mostly due to a 1.3% increase in single-family home construction that was offset by a drop in spending on multi-families. (7) Mortgage RatesMortgage rates moved higher again this last week. Freddie Mac says the 30-year fixed-rate mortgage was up 17 basis points to 5.27%. That's the highest it's been since 2009. The 15-year was up 12 basis points to 4.52%. (8) The Mortgage Daily News says the average 30-year was even higher, at 5.55%. It also warned that home affordability is close to the worst it's ever been. At the start of the pandemic, 6% of U.S. housing markets were less affordable than long-term levels. That percentage is now up to 95%. (9) In other news making headlines…Home Price Growth Hits Record HighThe latest report from CoreLogic is out on home price growth in March. According to this report, it was up a record 20.9% year-over-year. If that number isn't impressive enough, CoreLogic says the March increase was the 122nd month in a row that home prices have gone up. (10)Chief economist Frank Nothaft says when you combine home price growth with higher interest rates, the monthly principal and interest payment on a home is now 50% higher than it was a year ago.Florida was at the top of the list for home price gains. They are up 31.4% year-over-year. Arizona was second followed by New York and Washington, D.C.People Switching to Real Estate CareersThe hot real estate market is attracting more than just home buyers. A lot of people are quitting their jobs for a career in real estate. According to the New York Times, there was a 60% increase in the number of people who started working in real estate during the pandemic - from 2020 to 2021. (11)Coldwell Banker Real Estate CEO Ryan Gorman says that many people are exploring self-employment options, and with real estate, the sky is the limit. He says: “They've realized they can get out of it what they put into it” and that could mean a six-figure paycheck. But those expectations could be unrealistic. As realtor.com reports, most real estate agents don't make six figures. In May of last year, the median was just over $48,000. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke...Show Notes link: https://www.newsforinvestors.comJoin link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20LinkSubscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715Links:1 - https://www.marketwatch.com/story/why-powell-took-75-basis-point-rate-hike-off-the-table-and-other-takeaways-from-the-fed-press-conference-11651707052?mod=economy-politics2 - https://www.cnbc.com/2022/05/04/follow-the-latest-updates-as-the-federal-reserve-gets-set-to-hike-rates.html3 - https://magazine.realtor/daily-news/2022/05/05/fed-raises-rate-what-it-means-for-housing4 - https://www.marketwatch.com/story/u-s-jobless-claims-jump-in-latest-week-by-biggest-amount-since-last-july-11651754614?mod=economy-politics5 - https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-april-11651838865?mod=mw_latestnews6 - https://www.marketwatch.com/story/u-s-job-openings-rise-to-record-11-5-million-and-job-quitting-also-hits-all-time-high-11651587236?mod=economic-report7 - https://www.marketwatch.com/story/u-s-construction-spending-slowed-in-march-missing-expectations-271651501992?mod=search_headline8 - https://www.freddiemac.com/pmms9 - https://www.cnbc.com/2022/05/02/mortgage-rates-surge-as-home-affordability-nears-record-worst.html10 - https://www.housingwire.com/articles/corelogic-u-s-home-price-gains-hit-all-time-high-in-march/11 - https://magazine.realtor/daily-news/2022/05/03/great-resignation-leads-to-real-estate-rush12 - https://www.housingwire.com/articles/you-can-no-longer-get-a-mortgage-at-costco/

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Growing Demand for ARMs, The 7-Year Foreclosure, Top Complaints about Neighbors

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later May 5, 2022 7:11


The Real Estate News Brief - Week Ending April 30, 2022; Growing Demand for ARMs, The 7-Year Foreclosure, Top Complaints about NeighborsIn this Real Estate News Brief for the week ending April 30th, 2022... you'll hear about the surging demand for adjustable-rate mortgages, the years it takes to foreclose in some states, and the top reasons people dislike their neighbors.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we start, I want to let you know that we are hosting our first live event in over 2 1/2 years on May 21st in St Petersburg Florida. I'll be there giving my 2022 Housing Update, and we'll also have property teams from 10 different markets to update us on what's going on in their markets and share available income properties. We'll also have a tour of rental properties in St Pete on Sunday and then Jacksonville on Monday. Check it out at newsforinvestors.com Economic NewsWe begin with economic news from this past week, and more concerns about inflation. The Federal Reserve's preferred inflation index rose again in March to an annual rate of 6.6%. That's up from an annual rate of 6.4% in February. But there are signs that inflation may be hitting a peak because the core rate of inflation went down for the first time in a year. The core rate excludes food and energy and decreased from 5.3% to 5.2% in March. The Fed believes the PCE is more accurate than the consumer price index or CPI because it's more comprehensive. (1)Despite all the worries about inflation, the job market is going strong. Initial claims were down 5,000 to just 180,000 last week. Continuing claims were also down to their lowest level since 1970, at approximately 1.41 million. (2)Rising mortgage rates are putting a damper on new home sales. The Census Bureau says that sales dropped 8.6% in March to an annual rate of 763,000. High prices are also discouraging buyers. The median price for a new home was $436,700 in March. That's about $77,000 more than it was in March of last year. (3)Pending home sales for existing homes were also down in March. The National Association of Realtors says they dipped 1.2%. It is predicting that sales will be down a total of 9% for the year. NAR's chief economist Lawrence Yun expects multiple offers to disappear, and calmer, more normal conditions to replace the homebuying frenzy we've been witnessing. (4)Because demand remains high for housing, home prices continue to rise. The S&P CoreLogic Case-Shiller 20-city index was up 2.4% in February. That brought the annual rate up to 20.2%. At a national level, annual home price growth rose to 19.8%. The Federal Housing Finance Agency reported similar results. It shows that home prices rose 19.4% year-over-year in February which was a 2.1% increase from January. (5)There are mixed reports on consumer sentiment. A survey on consumer confidence shows it dipped slightly in April because of inflation. But it also shows that consumers are still spending money on big-ticket items, despite the high prices. (6) Meantime, the University of Michigan's consumer sentiment index jumped higher by several points. Consumers are reportedly happy that gas prices have gone back down a bit, and are feeling more optimistic about the future. (7)Mortgage RatesMortgage rates didn't move much, but the average 30-year fixed-rate mortgage remains above the 5% level. Freddie Mac says it was down just one basis point to 5.1%. The 15-year was up 2 points to 4.4%. (8)In other news making headlines…ARMs In High Demand as Fixed Rates RiseMore home buyers are choosing adjustable-rate loans to keep mortgage payments lower at the beginning of their loan term. The Mortgage Bankers Association says demand for ARMs has “doubled” compared to three months agoThe interest rate for an ARM was 3.78% last week, according to Freddie Mac. The Mortgage Bankers Association says the average rate for a 5-year ARM was 4.28%. Both are lower than the 30-year fixed rate, and that's driving up demand. (9)The Lengthy Process of ForeclosureBuying a foreclosure might get you a great price on a home, but in some places, the length of time it takes to foreclose could eclipse any monetary value. ATTOM Data Solutions published a report on the states with the longest average times to foreclose, and the winner was Hawaii, at 2,578 days. That's a little longer than 7 years. Louisiana, is second on the list with an average of about 2,000 days or 5.5 years. Other states on the top ten list include Kentucky, Nevada, Connecticut, New York, Florida, New Jersey, Pennsylvania, and New Mexico. New Mexico was last on the list but foreclosures there still take more than 3.5 years. (10)At the other end of the spectrum are states with the fastest foreclosure process. Montana came out at the top of that list, at 133 days. Mississippi was second at 146 days, and West Virginia was third at 197 days.What's Up with the Neighbors?The last story I'd like to share with you is a report on the top reasons Americans don't like their neighbors. According to a Lending Tree survey, 28% of the participants said their neighbors “give off a weird vibe.” Other reasons include noise levels, rudeness, disruptive pets, being nosy, and unruly kids. Some people also said they don't like it when their neighbors have guests that park in front of their house, or their parking space. Smoking was listed by 11% of the people. 4% said they had issues with their neighbors' political views, and 3% said they were not happy that their neighbors were using their homes as short-term rentals. (11)It's interesting that so few people listed short-term rentals as a problem, given all the controversy about how much disruption they cause, or don't cause. Of course, it's often the case that people who are disgruntled about an issue will speak out more loudly than the ones who don't mind.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke...Show Notes link: https://www.newsforinvestors.comJoin link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20LinkSubscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715Links:1 - https://www.marketwatch.com/story/coming-up-pce-inflation-index-and-consumer-spending-11651234498?mod=economy-politics2 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-5-000-to-180-000-showing-momentum-continues-in-labor-market-11651149515?mod=home-page3 - https://www.marketwatch.com/story/new-homes-are-likely-a-viable-choice-for-fewer-first-time-home-buyers-new-home-sales-dip-as-affordability-worsens-11650982695?mod=economic-report4 - https://www.marketwatch.com/story/the-spring-housing-market-is-off-to-an-unpredictable-start-pending-home-sales-fall-amid-rising-mortgage-rates-11651068612?mod=search_headline5 - https://www.marketwatch.com/story/it-will-take-time-for-surging-mortgage-rates-to-rebalance-the-market-home-prices-are-still-skyrocketing-but-buyers-could-see-relief-soon-11650979422?mod=economic-report6 - https://www.marketwatch.com/story/consumer-confidence-slips-in-april-but-americans-arent-cutting-back-on-spending-11650982322?mod=economic-report7 - https://www.marketwatch.com/story/consumer-sentiment-jumps-in-april-on-lower-gas-prices-and-more-optimism-about-the-economy-11651241527?mod=economy-politics8 - https://www.freddiemac.com/pmms9 - https://magazine.realtor/daily-news/2022/04/28/demand-doubles-for-arms10 - https://magazine.realtor/daily-news/2022/04/26/where-foreclosures-could-take-years-to-process11 - https://magazine.realtor/daily-news/2022/04/27/why-75-of-americans-say-they-don-t-like-their-neighbor

Batting 1,000 with Dale Vermillion
Developing a strategy for your business with LendingTree's Head of Sales, Will Adams

Batting 1,000 with Dale Vermillion

Play Episode Listen Later Apr 29, 2022 22:49


Since joining LendingTree in 2014, Will Adams has quickly become an invaluable asset to their enormous lender network. As LendingTree's Head of Sales, Will leads their Sales and Customer Success teams' efforts to drive lender success by advocating best practices for working with LendingTree leads, analyzing lender performance and communicating insights across multiple channels, and finding new ways to optimize lenders' use of LendingTree's multifaceted filters. Everyday, Will investigates what's working and what's not for network lenders, which—when combined with his 25 years of industry experience—makes him one of the most insightful leaders in our industry today. In this Episode Dale and Will discuss… Will's background in origination, how he ended up at LendingTree, and the secret truth he's discovered about best practices Challenges lenders face 2022 and what LendingTree's data shows about gaining market share in a rising rate market Why it's critically important to create and execute strategies that are designed for your unique market positioning, target audience, sales process, personnel, etc. Insights on prevailing consumer trends inferred from LendingTree's expansive customer and lender data Why many lenders are transitioning heavily to purchase and how they are making that transition successful Soundbites “As companies transition from refinance to purchase, they will often have the same experience, the same journey, the same best practices... and that's a different kind of consumer with different goals in mind.” — Will Adams “When volume was high and competition was low, we saw conversion ratios really cluster together. Certainly some lenders converted better than others, but they were all fairly close. But....we're starting to see some companies—based on their strategy, based on perhaps their technology, based on their loan officers—be able to really thrive in this market and steal share.” — Will Adams “At LendingTree, we've been able to segment different types of consumers based on their probability of closing so that lenders will have more options in choosing which exchange—which product—that they want, based on expected conversion ratios and a price point that makes sense for them.” — Will Adams Connect with Will Adams https://www.linkedin.com/in/will-adams-90354b10/ (Connect with Will on Linkedin) https://www.lendingtree.com/about/partner-with-us/ (Explore partnership with LendingTree) https://lendingtreeuniversity.com (Earn or renew your LendingTree Certification) Connect with Dale Vermillion https://linktr.ee/dalevermillion (https://linktr.ee/dalevermillion) Find this conversation valuable?Consider leaving a 5-star review on Apple Podcasts. Every review helps us reach more professionals like you. Mentioned in this episode: Relive Season 1 of Batting 1,000 If you missed some of the season—don't worry! We'll be sharing highlights from these conversations and others during our upcoming Season 1 Replay, where we'll listen to and dissect our favorite moments from all of Season 1, before we enjoy a brief off-season ahead of Season 2. Speaking of which, we need your help to build our line-up.

Total Information AM
Pay Later Option Might Mean Paying More

Total Information AM

Play Episode Listen Later Apr 28, 2022 5:51


KMOX's Megan Lynch talks to Matt Schultz, Chief Credit Analyst from Lending Tree, to discuss a study that says consumers will spend more money if there is a buy-now-pay-later option, and how it might be harming their credit in the long run. 

Batting 1,000 with Dale Vermillion
The shakeout for market share with Will Adams

Batting 1,000 with Dale Vermillion

Play Episode Listen Later Apr 27, 2022 6:45


Enjoy a sneak peek of Dale's soon-to-be released conversation with https://www.linkedin.com/in/will-adams-90354b10/ (Will Adams), SVP, Head of Sales at LendingTree. Mentioned in this episode: Relive Season 1 of Batting 1,000 If you missed some of the season—don't worry! We'll be sharing highlights from these conversations and others during our upcoming Season 1 Replay, where we'll listen to and dissect our favorite moments from all of Season 1, before we enjoy a brief off-season ahead of Season 2. Speaking of which, we need your help to build our line-up.

Soul & Science
LendingTree CMO & Customer Experience Officer Shiv Singh | How Trust Builds Powerful Brands

Soul & Science

Play Episode Listen Later Apr 18, 2022 Transcription Available


LendingTree Chief Marketing & Customer Experience Officer Shiv Singh joins Jason this week to discuss how he's harnessing the power of trust in our post-trust world. Shiv joined LendingTree in January 2022 from The Expedia Group, where he served as SVP and General Manager for the world-class travel brand, charged with driving brand loyalty and long-term customer value amid the coronavirus pandemic. Previously, Singh worked as CMO for med-tech startup Eargo, successfully repositioning the brand during a crucial high-growth period for the business. Singh's impressive career also includes senior leadership positions at Visa, PepsiCo and Razorfish. As an entrepreneur Shiv also had his own consultancy as well. Shiv has been inducted into the American Advertising Federation Hall of Achievement. He has been recognized by Forbes as a Forbes Next CMO, Ad Age as a Media Maven, Business Insider as a Payments Industry Game Changer, Adweek as a Top 50 Marketer (twice), and The Internationalist as a Top 100 Influential Leader. He is also the the author of two award-winning social media and marketing books, Savvy - Navigating Fake Companies, Fake Leaders and Fake News and Social Media Marketing for Dummies.  Brought to you by Mekanism

Walk-Ins Welcome
Ep. 22: Interview with John Leu and Jeff Ridlehoover from Hopdoc

Walk-Ins Welcome

Play Episode Listen Later Apr 13, 2022 28:07


In today's episode, we are talking to John Leu and Jeff Ridlehoover from Hopdoc, a white label telemedicine app for urgent care and primary care clinics. Hopdoc is a Nashville-based, healthcare tech team with deep roots in app-building, marketing, and futuristic healthcare solutions. They are committed to empowering providers with tools like telemedicine and digital marketing so they can thrive in today's ever-changing healthcare landscape. John Leu is the CEO and Co-Founder of Hopdoc. John spent over twenty years as a creative director at some of the world's most prestigious advertising agencies including BBDO and Grey in New York. He's created memorable campaigns for global brands like Pepsi, FedEx, and GE. His experience in health-related marketing includes initiatives for GE Healthcare and Crest, as well as various pharma brands and hospital networks. John's work has received industry-wide recognition including Cannes Lions, One Show Pencils, Clios, and a pair of Emmy nominations. Jeff Ridlehoover is the Chief Strategy Officer and Co-Founder of Hopdoc. Jeff is a post-9/11 Navy veteran with over ten years of experience providing software and fintech solutions to members of various healthcare associations and small business owners. A serial entrepreneur, Jeff counts Hopdoc as the third company where he has been a member of the founding team. His accomplishments include starting a restaurant app company that sold to the two largest independent pizza chains in Nashville and over 40 total restaurant locations its first few months in business as well as signing strategic partnerships with large organizations such as LendingTree and StreetShares. Looking to have a competitive advantage, a telemedicine app tailored to your business and patients is a fantastic way to do so! Learn more at https://hopdoc.com/

MoneyWise on Oneplace.com
Negotiating Medical Bills

MoneyWise on Oneplace.com

Play Episode Listen Later Apr 11, 2022 24:57


A recent survey showed that more than one in three adults carry medical debt to some degree. Today on MoneyWise, we'll let you in on something that could help. STAGGERING MEDICAL DEBT That survey was published onHealthcare.com. It also revealed that more than half of those with overdue bills carried balances over $1,000. The total outstanding medical debt for the nation may be as high as$140 billion. But it might surprise you to know that you don't always have to pay your full medical bill. You cannegotiateto have the bill lowered. As Christians, we mustalwayspay our debts. Proverbs 16:8 readsBetter is a little with righteousness than great revenues with injustice. But it's certainly not a sin to ask for a discount. The truth is, many medical providers want to be paidnowjust as much as they want to be paidin full.More on that in a minute. You're probably wondering how exactly you go about asking to have your outstanding medical bills lowered. I'll give you the steps, and you can do these even after your insurance company has paid its part of the bill. STEPS TO SEEKING A REDUCTION OF MEDICAL DEBT Before you pay anything, first get an Explanation of Benefits, or EOB. You may have to ask for one from your medical provider. You need to go over every bill and the EOB to make sure there aren't any mistakes. Insurance companies and medical billing departmentsoftenmake mistakes, sometimes even double-charging you for a visit or procedure. If you find something that seems out-of-place, talk to the office manager to have the item explained. As we mentioned, medical providers are keenly interested in receiving their money as soon as possible, and that means you have negotiating power. They're often willing to give you a discount if you offer to pay a lump sum right away. A reduction of up to 20% isn't uncommon. But you have to do your homework before you ask for the discount. Let's say you owe $1500. You'd be plenty happy with a 20% reduction, but you should probably aim a bit higher to start, say 30%. Multiply your $1500 bill by 0.3. That comes to $450. You subtract that from the original 1500 and you get $1,050. Round it down to a thousand and offer to pay that now if it closes the matter. Expect some pushback. This is a negotiation, after all. And let's say they offer to reduce your bill by $300 instead of $500. The reduced bill is now $1200 or 20% off. You've met your goal. Your results may vary, of course, but asurveyby Lending Tree of more than 1500 Americans with medical debt showed that a whopping93%of those who negotiated their bills had them reduced or eliminated. And here's another tip: The higher the bill,the deeper the discount you should ask for. For instance, if you owe $5,000 or $10,000, start by asking for a 50% reduction if you pay the reduced amount in full today. When you agree on a new figure, get a confirmation number and make the payment immediately. Of course, you must have the money on hand to do that, and you should never put medical debt on a credit card. Your doctor usually won't charge interest, but credit card issuers always do. But what if you don't have a big chunk of money to pay even the reduced amount now? You can still negotiate a lower bill by offering to set up a payment plan. Once you have the new amount, you'll have to negotiate how many months you'll have to pay it off. When you reach an agreement, make sure you stick to it. Keep in mind that you may not be negotiating directly with your doctor's office. Many providers outsource their billing to third party operations. If they're not willing to negotiate, you can try calling the doctor's office directly and make your pitch with the office manager there. Here's another approach you can take: Many hospitals have financial assistance for low income families and individuals. If you meet the requirements, you could have your bill reduced significantly. Call the hospital to get more information about available financial aid. Now, a final note: As you go about negotiating a lower bill, always be polite and cheerful. As the saying goes, you catch more bees with honey than vinegar. On today's program, Rob also answers listener questions: ●How do you determine whether it's wise to use savings or investment money to pay off auto debt? ●How do you approach your tax requirements as an independent contractor? ●When does investing in an annuity make sense? RESOURCES MENTIONED ●Find a Certified Kingdom Advisor Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our websiteor in our app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Money Life with Chuck Jaffe
Chapin Hill's Boyle: Buckle up, a recession is coming

Money Life with Chuck Jaffe

Play Episode Listen Later Apr 7, 2022 60:31


Kathy Boyle, president of Chapin Hill Advisors, says she expects the stock market to go through a "very bad period" ahead, the result of a recession that she thinks is brewing right now, a hunch that is supported by an inverted yield curve, high inflation and other conditions. As a result, she says investors don't want to hold long-maturity bonds, and need to be careful about dividend-focused funds and broad market exposure. Also on the show, Tom Lydon of ETFTrends.com says that the JETS ETF has the potential to give investors a nice takeoff and a soft landing, Matt Schulz of LendingTree discusses what taxpayers are planning to do with any refunds they receive this year, and retirement expert Anne Lester -- the former head of retirement solutions for JPMorgan Asset Management -- talks about how long-term investors might adjust portfolios and strategies now, without letting current events completely take over and messing things up.

3 On Your Side
Paying Off Your Student Loans

3 On Your Side

Play Episode Listen Later Apr 4, 2022 19:46


Forty-six million Americans are in debt due to student loans, with those debts totaling more than $1.8 trillion. That works out to the average borrower owing more than $35,000. How do you even start to pay something like that down? On this episode, we're talking to Andrew Pentis with Student Loan Hero and Lending Tree. He'll break down which states have the biggest loans, which universities carry the most student debt, and more importantly, how to pay off your loans.

3 On Your Side
Surprise Charges; Kids & Credit

3 On Your Side

Play Episode Listen Later Mar 28, 2022 17:03


Have you ever spotted a surprise charge on your credit or debit card? Is your kid to blame? A new LendingTree survey reveals almost half of parents say they've caught their children secretly spending. Others knowingly allow their children to borrow their cards, and regret it. In this episode, we're talking with Matt Schultz, the chief credit analyst at LendingTree about how to teach children about credit.

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Fed's Rate Hike Plan, Record High Home Equity, Land Rush for Autonomous Trucks

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Mar 11, 2022 6:36


In this Real Estate News Brief for the week ending March 5th, 2022... you'll hear about the Fed's rate hike plan, new figures on record high home equity, and why there's a land rush for autonomous trucks.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic NewsWe begin with economic news from this past week, and more aggressive talk about rate hikes to control inflation. Fed Chief Jerome Powell spoke before Congress and said he will support a quarter percent hike on the Federal Funds rate at the next policy meeting. He also anticipates that this will be one of a series of rate hikes this year, and that one or two of them would be more than a quarter point. (1)One big concern is the impact the war in Ukraine will have on prices. We're already seeing higher gas prices than we've ever seen before. Realtor.com also reports that high heating bills are giving many homeowners sticker shock. A PG&E spokesperson said in a TV interview that natural gas prices are 90% higher this winter, than last. (2) And Powell doesn't think inflation will go away anytime soon. He said during his testimony before the Senate Banking Committee: “We're going to see upward pressure on inflation, at least for a while.” He also said this is not going to help supply chain issues. The unemployment report was good news. Jobless claims were down to a two-month low of just 215,000 applications. As MarketWatch reports, “the economy appears to have regained some momentum” after a slowdown at the end of last year, thanks to a big drop in COVID cases and the lifting of coronavirus restrictions. (3) Job growth was also impressive. The Labor Department reported a gain of 678,000 jobs in February. Most of them were for leisure and hospitality jobs, along with education, health, and professional services, but the construction industry also saw big gains. The official unemployment rate is now 3.8%. (4) Builders started pouring money into projects in January. The Commerce Department says that construction spending was up 8.2% year-over-year, after a 1.3% increase from December to January. Spending for single-family construction was up 1.2% in January and “down” .1% for multi-family. There was also a big jump in private non-residential construction such as gas and oil well drilling. But the biggest gain was 13.8% for federal government projects. (5)Mortgage RatesMortgage rates were down again last week, as investors moved more money into bonds because of the war in Ukraine. Freddie Mac says the average 30-year fixed-rate mortgage was 3.76% while the 15-year was 3.01%. (6)In other news making headlines…Homeowners Tapping Into Home EquityHomeowners are seeing record amounts of equity as home prices continue to rise. Black Knight says the average equity is $185,000 for people with a mortgage. That does “not” include the 20% amount that lenders want mortgage holders to retain. (7)Urban Institute's Karen Kaul says we'll probably see more people tapping into that equity this year, but due to rising interest rates they probably won't be doing a cash-out refi. She says many will opt for second lien products such as a HELOC, which many people use to remodel a home.Heating & Cooling Supply Chain IssuesIf higher energy costs aren't enough to make you cringe, it's growing more difficult to get parts to fix a broken furnace or air conditioner. The Wall Street Journal reports that HVAC companies are struggling to get parts for both residential and commercial buildings. Those bottlenecks add to the challenge of getting other necessary construction materials like windows, garage doors, and paint. (8)One thing that is increasing the demand for heating and cooling upgrades is the rise in remote work. The Journal says that many remote workers want new climate control technology and that HVAC backlogs are becoming “very, very disruptive.”Land Rush for Autonomous Trucks?There's another interesting twist to our high tech future, and possibly something that will help with supply chain issues. The Journal reports that a land grab is beginning for the parking of self-driving trucks near big cities. It reports that Philadelphia-based investor Alterra Property Group is teaming up with autonomous-truck company Embark Trucks to buy properties across the country. (9)Embark plans to launch its first trucks in Sunbelt states like California and Texas. That's expected to take place in 2024. The trucks would be autonomous on highways and taken over by humans on city streets. Vacant Properties in the U.S.While the real estate market operates with a very tight inventory, you might be curious to know how many homes are sitting vacant. According to LendingTree, there are 16 million of them, with the most number of vacant homes in Vermont, Maine, and Alaska. The vacancy rate in those three states is between 20 and 22%. The states with the least number of vacant homes are Oregon, Washington, and Connecticut. If you are wondering, California is fifth from the bottom on that list with a vacancy rate of 8.68%. (10)Vacant homes are not necessarily a bad thing. LendingTree's Jacob Channel says: “Homes can be vacant for a variety of reasons, and just because an area has a high vacancy rate doesn't necessarily mean that there's something wrong with its housing market.” Although some may be uninhabitable, he said vacancies might be due to the rapid building of homes that are not yet occupied, a high number of second or vacation homes, and for-sale homes that are still on the market, among other reasons.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/powell-says-ukraine-war-is-adding-to-inflation-fears-11646324667?mod=federal-reserve2 -https://magazine.realtor/daily-news/2022/03/04/high-heating-bills-stun-homeowners3 -https://www.marketwatch.com/story/jobless-claims-drop-to-two-month-low-of-215-000-as-omicron-wanes-and-firms-hire-more-workers-11646314574?mod=economy-politics4 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-february-11646399014?mod=mw_latestnews5 -https://www.nasdaq.com/articles/construction-spending-soars-in-january%3A-4-stocks-to-buy6 -https://www.freddiemac.com/pmms7 -https://magazine.realtor/daily-news/2022/03/01/homeowners-tempted-to-use-equity8 -https://magazine.realtor/daily-news/2022/03/04/add-furnace-parts-to-growing-list-of-material-bottlenecks9 -https://www.wsj.com/articles/self-driving-trucks-start-to-propel-land-rush-near-major-cities-11646053200?mod=hp_featst_pos510 -https://magazine.realtor/daily-news/2022/03/02/16-million-homes-vacant-in-us

The Momologistâ„¢
The Momologist™ Parent News Report - February 2022

The Momologistâ„¢

Play Episode Listen Later Mar 1, 2022 21:53


Welcome to The Momologist™ News Report! In today's episode, Sasha shares valuable information about topics in education, finance, current hot topics, and children's product recalls.   Sasha starts this month's news report by discussing an important study conducted by BYU about how lack of sleep impacts teenagers' risk of weight gain and other cardio-metabolic diseases. She discusses relevant financial information on the rising costs of childcare and the overall increase in inflation for consumers across the board. Finally, Sasha finishes her report with notable recalls for popular children's products.    Tune into this week's episode of The Momologist™ for the February's Momologist™ News Report with host Sasha Culpepper. Learn more about important hot topics in children's education and health and finance that every mom should be aware of.    Stats • “Teens not getting enough sleep may consume 4 and a half extra pounds of sugar during a school year. New research from BYU conducted at Cincinnati Children's Hospital Medical Center says insufficient sleep increases the risk of weight gain and other cardio-metabolic diseases among teenagers because teens have worse dietary habits when they sleep less. This research, which was recently published in the medical journal, Sleep, analyzed the sleeping and eating patterns of 93 teenagers during 2 sleep conditions: spending 6.5 hours each night in bed for 1 week, short sleep, and spending 9.5 hours each night in bed for another week, healthy sleep. The researchers measured the caloric intake, macronutrient content, food types and the glycemic load of foods eaten by teens. Teenagers undergoing short sleep consumed more foods that were likely to spike blood sugar fast, like foods high in carbs and added sugar or sugary drinks compared to when they were in healthy sleep. These changes largely occurred in the late evening, after 9 pm. Teens getting short sleep also ate fewer fruits and vegetables across the entire day compared to healthy sleep. Teens in short sleep consumed 12 extra grams of sugar each day. The research was supported by the U.S. National Institutes of Health.” (00:21-2:18) • “A study by the University of Zurich has shown that the homeschooling phase also had a positive effect on the health and wellbeing of many teenagers. The researchers conducted an online survey with 3,654 high school studies in Zurich during the lockdown asking about their sleep patterns and quality of life. They then compared the answers with a survey from 2017 with 5,308 young participants. The results showed that during the 3 months in which schools were closed, the adolescents got up about 90 minutes later on school days but went to bed only 15 minutes later on average. Meaning their total amount of sleep increased by about 75 minutes a day. The students in the lockdown group also rated their health-related quality of life higher and the amount of alcohol and caffeine they reported consuming was less than the pre-pandemic group.” (2:56-4:03) • “In education, more than 1 in 3 children who started school in the pandemic need intensive reading help. More than 1 in 3 children in Kindergarten through Grade 3 have little chance of reading on grade level by the end of the school year without major and systemic interventions according to a new study by the curriculum and assessment group Amplify based on data from more than 400,000 students in Kindergarten through 5th grades who participated in the dynamic indicators of basic early literacy skills (DIBILS) which Amplify administers.” (4:43-5:22 • “A recent article released by EdWeek revealed that high school graduation rates dipped in at least 20 of the 26 states that have released their data after the first school year disrupted by the pandemic. The declines were less than a percentage point in some states like Colorado, Georgia, and Kansas. Elsewhere they were larger. Illinois, Oregon, and North Dakota saw rates drop 2 points. And Indiana, Maine, Nevada, South Dakota, and West Virginia saw declines of at least 1 point.” (6:55-7:34) • “The cost of childcare has risen during the pandemic with families spending up to 20% of their salaries. Parents are seeing an average annual cost increase of 41% for center-based child care providers and spending an average of $14,117 annually up from $9,977 pre-pandemic according to data from a recent LendingTree report. The report found households with children younger than 5 were hit hardest.” (9:01-9:35) • “The House of Representatives passes the Adoptee Citizenship Act. In February 2022 the House of Representatives passed bill HR-5093 the Adoptee Citizenship Act of 2021 which was included in the America Competes Act of 2022 by a vote of 222 to 210. Families who adopted children from abroad were previously required to go through a lengthy process to naturalize and gain U.S. citizenship for their adopted children in addition to the long, costly and burdensome adoption process. Sometimes the necessary paperwork was not entirely completed and significant numbers of adoptees grew up for years unaware that they were living in the US as noncitizens. The Child Citizenship Act of 2000 eliminated the need for many adoptive families to  apply to naturalize their newly adopted children. This law grants automatic citizenship to all foreign born children brought to the U.S. under the age of 18 and have at least one parent who was a U.S. citizen. It applied to all future adoptees as well as those under the age of 18 who were adopted prior to the CCA's effective date. Unfortunately, the 2000 CCA law only applied to future adoptees and adoptees who were under the age of 18 on its effective date. It did not apply retroactively to those adoptees who faced the same dilemma but aged into adulthood before the CCA took effect. The Adoptee Citizenship Act of 2021 corrects this gap in the law by confirming international adoptees US citizenship status regardless of if they were over the age of 18 when the CCA took effect.” (14:30-16:47)   Notable links: Episodes Noted: Episode 5 - Common Barriers To Adoption with Mary Beth Chapman, Co-founder of Show Hope Episode 17 - Tips For Homeschooling with Aubrey Hargis, Montessori Parent Educator and founder of Child of The Redwoods   Product Recalls Mentioned: *Abbott - Similac, Alimentum, and EleCare powdered infant formulas *Boppy - Original Newborn Loungers, Boppy Preferred Newborn Loungers, Pottery Barn Kids, Boppy Newborn Loungers   *Colony Brands - Children's Wood Wagons *Loveevery - Drinking Cups with Handle in The Inspector Play Kits *Stance - Kids Crew Socks *Stack Em' Up Books -  Children's Stackable Adam the Apple™ Toys *AllMeInGeld - Children's Nightgowns (sold exclusively on Amazon.com) *Zeno - Infant Walkers *Valco Baby - Snap Duo Trend Strollers *Games Workshop - Koyo Bounca The Squig Plus Toys *Children's Robes imported by Baopteil (sold exclusively on Amazon.com)   Health Segment Sources: https://www.sciencedaily.com/releases/2022/01/220107084431.htm https://www.sciencedaily.com/releases/2022/01/220105111355.htm https://www.reuters.com/business/healthcare-pharmaceuticals/us-fda-postpones-panel-meeting-discuss-pfizer-covid-vaccine-kids-under-5-2022-02-11/    Education Segment Sources: https://www.edweek.org/teaching-learning/more-than-1-in-3-children-who-started-school-in-the-pandemic-need-intensive-reading-help/2022/02   “High School Graduation Rates Dip Across the US in 1st year of Covid” Source: Education Week Vol. 41 page 2 Issue 20 February 2, 2022   “School Leaders Ask Government for Extension of Deadline for using Covid funds” Source: Education Week Vol. 41 page 2 Issue 20 February 2, 2022 Finance Segment Sources: https://fortune.com/2022/01/28/the-cost-of-child-care-in-the-us-is-rising/amp/   https://www.cnbc.com/amp/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html   Hot Topic Segment Sources: https://www.haaretz.com/amp/israel-news/covid-keeps-shrinking-in-israel-but-drop-is-serious-cases-infection-rate-halts-1.10622893   https://www.bloomberg.com/news/articles/2022-02-20/australia-pins-hopes-on-tourism-resurgence-as-borders-reopen   https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html Recall Segment Sources:   https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts/abbott-voluntarily-recalls-powder-formulas-manufactured-one-plant   https://www.similacrecall.com/us/en/home.html   https://www.cpsc.gov/Recalls/2021/The-Boppy-Company-Recalls-Over-3-Million-Original-Newborn-Loungers-Boppy-Preferred-Newborn-Loungers-and-Pottery-Barn-Kids-Boppy-Newborn-Loungers-After-8-Infant-Deaths-Suffocation-Risk https://www.cpsc.gov/Recalls/2022/Colony-Brands-Recalls-Childrens-Wood-Wagons-Due-to-Violation-of-Federal-Lead-Paint-Ban-and-Lead-Poisoning-Hazard-Recall-Alert https://www.fda.gov/food/outbreaks-foodborne-illness/fda-investigation-cronobacter-and-salmonella-complaints-powdered-infant-formula-february-2022 https://www.cpsc.gov/Recalls/2022/Stance-Recalls-Kids-Crew-Socks-Due-to-Choking-Hazard https://www.cpsc.gov/Recalls/2022/Lovevery-Recalls-Drinking-Cup-With-Handle-in-The-Inspector-Play-Kit-Due-to-Choking-Hazard-Recall-Alert https://www.cpsc.gov/Recalls/2022/Stack-Em-Up-Books-Recalls-Childrens-Stackable-Toys-Due-to-Violation-of-the-Federal-Lead-Paint-Ban-and-Lead-Poisoning-Hazard https://www.cpsc.gov/Recalls/2022/Childrens-Nightgowns-Recalled-by-AllMeInGeld-Due-to-Violation-of-Federal-Flammability-Standards-and-Burn-Hazard-Sold-Exclusively-on-Amazon-com https://www.cpsc.gov/Recalls/2022/Zeno-Recalls-Infant-Walkers-Due-to-Fall-and-Entrapment-Hazards-Recall-Alert https://www.cpsc.gov/Recalls/2022/Valco-Baby-Recalls-Snap-Duo-Trend-Strollers-Due-to-Fall-Hazard https://www.cpsc.gov/Recalls/2022/Games-Workshop-Recalls-Koyo-Bounca-The-Squig-Plush-Toys-Due-to-Choking-Hazard https://www.cpsc.gov/Recalls/2022/Childrens-Robes-Recalled-Due-to-Violation-of-Federal-Flammability-Standards-and-Burn-Hazard-Imported-by-BAOPTEIL-Sold-Exclusively-on-Amazon-com   Questions, Comments or Suggestions about The Momologist News Report? 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