Finance Essentials

Finance Essentials

By Finance EssentialsBusiness
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Finance Essentials episodes

  • Episode 14: Is Doordash Actually Helping Restaurants?
    In this episode we take a look at Doordash and other third party delivery services and the benefits they provide. What is their business model and what help are they actually providing to your local eatery?
    Source material for the show:
    The pandemic boosted food delivery companies. Soon they may face a reality check
    https://edition.cnn.com/2020/12/06/tech/food-delivery-pandemic-doordash/index.html
    Some restaurants hate delivery apps like Grubhub and Uber Eats. So they're seeking out alternatives
    https://www.cnn.com/2020/11/27/business/restaurant-delivery-alternatives/index.html
    Help Struggling Restaurant Workers
    https://www.gofundme.com/f/help-struggling-restaurant-workers?sharetype=teams&member=7348768&utm_medium=copy_link&utm_source=customer&utm_campaign=p_na+share-sheet&rcid=95ca582918504d6299bf5d0dcf7aac2b
    36 min
  • Episode 13: Will Automation Replace You?
    Robots and automation have ramped up during Covid. We look at the reasons and benefits of automation. We also take a look at the history and track records of labor disruptions and whether or not you should be worried about your job. Here's a hint....just kidding, listen to the show!
    Sources for the Show:
    Robots Once Seen as Job Killers Now Protect Workers From Covid
    https://www.bloomberg.com/news/articles/2020-12-14/butler-on-wheels-robot-cutting-salad-how-covid-sped-automation
    Tech Experts Predict 13 Jobs That Will Be Automated By 2030
    https://www.forbes.com/sites/forbestechcouncil/2019/03/01/tech-experts-predict-13-jobs-that-will-be-automated-by-2030/?sh=9a9a4c022bff
    36 min
  • Episode 12: Big Government vs Small Business
    In this video we discuss what is going on right now with small businesses and how government lockdowns have impacted them vs big businesses and tech firms. We go into detail on the CARES Act and how it didn't really help small businesses at all. Also, what do potential business shutdowns look like vs prior instances.
    References for the show:
    How Big Government Stacked the Deck Against Small Business:
    https://fee.org/articles/how-big-government-stacked-the-deck-against-small-business/
    Pineapple Saloon Shutdown:
    https://www.youtube.com/watch?v=tpFfr0niCf0
    Small Business Statistics:
    https://www.chamberofcommerce.org/small-business-statistics/
    We Call That "Survival Mode":
    https://www.wsj.com/video/we-call-that-survival-mode-small-businesses-face-uncertain-future/B6C999D0-D78A-4015-A616-AA32FEEEA989.html?mod=e2fb
    Recession Killed 170,000 Small Businesses Between 2008 And 2010: Report:
    https://www.huffpost.com/entry/us-lost-more-than-170000-small-businesses-2008-2010_n_1702358?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAANhioYieTrXZ-93S3fU-wX11hVqWwp2x7UVB3g7oMWfPera20EuLd_r-jKkcWT6YHmlY0ljKarHvpNt5Jb0_yjFgQSDLAra3FC5IT5Iu9CIFDRvGxO1bzH8mCRD3Znwh7DDg456FuDfUswMZbYpmkKPAKuuJguiVjHEr7HdOe7OK
    1.1 Million Stimulus Checks Sent To Dead People, Watchdog Finds:
    https://www.forbes.com/sites/shaharziv/2020/06/25/11-million-stimulus-checks-sent-to-dead-people-watchdog-finds/?sh=65392f3793a3
    36 min
  • Episode 11: The Case for Bitcoin
    In this episode we discuss the recent new all time high for Bitcoin. What value does Bitcoin provide, and what a block chain is. Then we discuss what role Bitcoin has for the future and why its important considering our current monetary policy
    Articles referenced in the show:
    https://www.forbes.com/sites/ericervin/2020/05/07/the-case-for-cryptocurrency-why-even-the-most-cynical-bitcoin-bear-should-consider-investing-and-how-to-get-started/?sh=521cc6e33801
    https://fee.org/articles/why-2028-could-be-the-year-the-us-debt-crisis-finally-hits-the-fan/
    36 min
  • Episode Ten: Why You Can't Just Forgive Student Loans
    Today we review the current discussion going on regarding student loan forgiveness. The plans range from $10k all the way to completely free college and forgiven student loans. We talk about the possible implications of the university system and who actually benefits from student loan forgiveness.
    For Clarification: The US college educated percentage is ~40% and the percentage for Germany is ~30%
    Sources:
    https://www.foxbusiness.com/personal-finance/student-loan-forgiveness-who-benefits-most
    https://www.forbes.com/sites/robertfarrington/2019/06/25/the-moral-hazard-of-student-loan-forgiveness/?sh=2f29a969364c
    34 min
  • Episode Nine: Vaccines and Your Retirement
    In this episode, we discuss the current economic outlook with the recently developed Covid vaccine, and what that could mean for future industries. Then we talk about retirement accounts, what they mean, the types of accounts for entrepreneurs, and what your options are if you've left a job and started a new one.
    Here is the link for today's show:
    https://www.cnbc.com/2020/11/11/coronavirus-vaccine-doesnt-mean-a-quick-economic-recovery-ubs-weber.html
    35 min
  • Episode Eight: Market Disruptions in Primary Education
    Today we talk about what is going on in the world of primary education. There is a mass exodus of families leaving the public education system and we discuss what that looks like, why they're leaving, where they're going...and how that applies to us in relation to our financial freedom.
    Sources for show:
    https://reason.com/2020/11/03/covid-19-didnt-break-the-public-school-system-it-was-already-broken/
    https://www.insider.com/how-much-countries-around-the-world-spend-on-education-2019-8#2-the-united-states-spent-12800-per-student-in-2015-and-over-700-billion-total-yet-still-falls-short-when-it-comes-to-academic-achievement-14
    https://www.washingtonpost.com/education/2020/07/10/rebuke-trump-los-angeles-teachers-union-says-school-campuses-should-stay-closed-start-2020-21-year/
    https://www.forbes.com/sites/mayrarodriguezvalladares/2020/08/02/the-covid-19-crisis-is-a-boost-to-educational-technology-companies/?sh=5a4976d8ce6d
    35 min
  • Episode Seven: Trade School vs College/University
    Due to popular request, we take a dive into the world of higher education. We analyze the impact of both trade schools and universities. What is the better option? Well, that depends on your goals and what you want. It also may depend on your financial situation. Take a listen and let us know!
    Referenced in the Show:
    https://financesonline.com/trade-school-college-statistics/
    https://www.thesimpledollar.com/investing/college/why-you-should-consider-trade-school-instead-of-college/
    https://www.indeed.com/career-advice/finding-a-job/skilled-trade-jobs-in-demand
    https://money.usnews.com/money/blogs/outside-voices-careers/articles/jobs-after-college-for-recent-graduates
    34 min
  • Episode Six: The Responsibility of the One Percent
    Today we take a look into what the Covid lockdowns are doing to some countries around the world. Then we dive into what it means to be a part of the one percent, and as a result the types of responsibilities that goes into being a part of it.
    Links for reference to this week's show:
    https://www.npr.org/sections/coronavirus-live-updates/2020/07/13/890398347/u-n-report-says-pandemic-could-push-132-million-people-into-hunger
    https://www.msn.com/en-gb/news/world/coronavirus-linked-hunger-kills-10000-children-per-month-says-un/ar-BB17hwPq
    https://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/
    https://www.dailymail.co.uk/news/article-2082385/We-1--You-need-34k-income-global-elite--half-worlds-richest-live-U-S.html
    33 min
  • Episode Five: Entrepreneurship and the Power of Positivity
    Danny decided to change the show today at the last minute. It was time to introduce some positivity into the world. He discusses the recent rise in the number of small businesses and how small businesses are able to disrupt markets. Then he goes into some great examples of entrepreneurship and people (including kids) who are providing value to people everywhere. Here are the links for what was covered in this episode:
    https://fee.org/articles/entrepreneurship-is-skyrocketing-during-the-pandemic/
    https://www.businessnewsdaily.com/5-small-business-start-up-costs-options.html#:~:text=Estimate%20your%20costs.,much%20cash%20you'll%20require.
    https://fee.org/articles/value-creation-rumpelstiltskin-and-the-8-year-old-who-turns-rocks-into-cash/
    https://www.sba.gov/business-guide/plan-your-business/calculate-your-startup-costs
    38 min

About Finance Essentials

From the publisher's feed

Danny Hudson hosts Finance Essentials. It is a business platform built around courses to help entrepreneurs, working professionals, and large enterprises to increase their profitability. How we achieve that is by diving into the lifeblood of any business, the P&L. The podcast provides support and insight into the business environment and economic climate and helps listeners to understand how it applies to them and their businesses.