Upon accepting a job, we may be surprised how much of our paycheck disappears every time we get paid. We have an understanding that taxes need to be paid, but we don't always understand where are money goes. Join me today as we walk through a paystub and discuss some of the basics such as payroll taxes, income taxes, and more.

Special shoutout to one of the most loyal listeners, my Mom for sending in the idea for this episode. Happy Mother's Day to all of the Mom's out there. We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

The show is written and edited by me, produced and edited by Daniel Ryoo. We work hard to ensure these episodes sound great for you. New episodes launch every week. Check back for Episode 15 on Thursday 5/13/21 to listen to my next interview. Check back for Episode 16 next Tuesday 5/18/21 to learn about time value of money. There is a lot to learn, but we work hard to discuss complex financial topics in an easily understood manner. Finance doesn't need to be pretentious, and you don't need to be an expert. Every little bit you can learn helps you save money and better understand where your money is going.

Take 20 minutes out of your week to listen to these podcasts, and you won't regret it! Please consider leaving a review on Apple Podcasts. It helps others find the show and see your thoughts.

To see if your city or county imposes a local tax: https://www.thebalance.com/cities-that-levy-income-taxes-3193246

Tax Brackets: https://www.bankrate.com/finance/taxes/tax-brackets.aspx

If you make $70,000 in 2020 and are Single, see your calculated tax payments below: 

Your total tax bill is $14,744

$14,744/$70,000= 21% effective tax rate. This is less than if your entire income was taxed at the 22% bracket you are in.

Join Robinhood using my link (you'll help to support the show and get free stocks): https://join.robinhood.com/dustind195

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#loans #debt #studentloans #homebuying #mortgages #finance #fundamentals #financefund #money #investing #budgeting #personalfinance #crypto #bitcoin #stocks #funding #wealth #retirement #401k #RothIRA #IRA #growth #financialhealth #compounding #interest #insurance

Welcome back to Finance Fundamentals.  Every Thursday I release an interview. This is "The Business of Business." 

Today's guest is Parker Sanderson.  Parker Sanderson was born and raised in Aroostook County, Maine, often called "The County" by those who know it. Parker enjoys helping his community as well as providing financial services to his clients. Outside of the office, Parker likes to remain active by playing golf in the summer months and spending time with his family and fiancé. 

Parker was a duel sport athlete at the University of Southern Maine where he played hockey and golf and was a four time W.B. Wise Scholar athlete (awarded to students who maintain a 3.0 GPA or above).  Parker chose to work at Modern Woodmen of America because of the company's values, ethics, and holistic style of planning for clients, as well as the fraternalism of the organization. 

Send questions or keep up with Parker and Modern Woodmen of America:  

We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

Welcome back to Finance Fundamentals.  Every Thursday I release an interview. This is "The Business of Business." Today's guest is Anna Forte. Anna grew up in Wellesley, MA and went to Bentley University. Today she lives in California and runs the Spritz Project. 

The Spritz Project is a client experience consulting agency founded to help service providers grow businesses worth talking about so they can easily book repeat and referral business. Earlier this year Anna Forte, The Spritz Project's founder, left her job in corporate working for a tech company to take The Spritz Project full time because she believed,  especially after the hardships so many small businesses experienced throughout 2020, in the importance of small businesses putting their best foot forward. 

As a Type A planner, Anna was committed to setting herself and her business up "the right way" from the very beginning, but as so many know even the most well-intentioned plans don't guarantee a seamless road. She'll be talking to us all about her journey to get to this point. 

Keep up with Anna and the Spritz Project on: 

We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

After our finances are in order, it is time to protect ourselves. We need to protect our wealth, our assets, and prepare for the unknown. This is where insurance comes in. But what kinds of insurance do you need? Health, life, auto, dental, pet, homeowners, renters, fire, flood, the list goes on. Listen in this week as we break down the insurance industry and provide some insights on the variety that are out there.

Special shoutout to listener Eden P. at Husson University for sending in the idea for this episode. We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

The show is written and edited by me, produced and edited by Daniel Ryoo. We work hard to ensure these episodes sound great for you. New episodes launch every week. Check back for Episode 12 on Thursday 4/29/21 to listen to my next interview. Check back for Episode 13 next Tuesday 5/4/21 to learn about the items on your paystub and how to better understand them. There is a lot to learn, but we work hard to discuss complex financial topics in an easily understood manner. Finance doesn't need to be pretentious, and you don't need to be an expert. Every little bit you can learn helps you save money and better understand where your money is going.

Take 20 minutes out of your week to listen to these podcasts, and you won't regret it! Please consider leaving a review on Apple Podcasts. It helps others find the show and see your thoughts.

Join Robinhood using my link (you'll help to support the show and get free stocks): https://join.robinhood.com/dustind195

Join WeBull using my link (you'll help to support the show and get free stocks): https://act.webull.com/pr/CVtvGRcJOCRb/wvw/inviteUS/

#loans #debt #studentloans #homebuying #mortgages #finance #fundamentals #financefund #money #investing #budgeting #personalfinance #crypto #bitcoin #stocks #funding #wealth #retirement #401k #RothIRA #IRA #growth #financialhealth #compounding #interest #insurance

Welcome back to Finance Fundamentals.  Every Thursday I will be releasing an interview. This is "The Business of Business." 

My guest this week is Marc Ezzi. Marc is a 26 year old young professional from Northern Massachusetts and began real estate investing during his sophomore year of college at Boston University and has been growing his portfolio ever since.  

He entered the real estate world as a part time real estate broker working with student rentals in Boston and transitioned into real estate investments as quickly as possibly. Real estate investing was a side business of his during his University years and while working in the corporate world.  Marc worked at Ernst & Young as a real estate consultant and at The Carlyle Group as a real estate analyst.  As of Q1 2021, Marc is full-time on the Ezzi Property Group, which currently owns and manages 30+ units in the city of Boston with an aggregate portfolio of roughly $12M. Marc's passion is the real estate industry and he loves talking to others about his experiences, especially using his knowledge to help others get started.   

Keep up on social media with Marc on Instagram @marc_ezzi and on LinkedIn: https://www.linkedin.com/in/marc-abou-ezzi-aa2363a6  

We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

When we set our sights on our dream college, student loans are something we so quickly agree to, but 17 and 18 year old "adults" don't understand the debt they are taking on or the ramifications of living out of their means. Maybe you have debt and it is too late. Let's chat about some tools and strategies you can utilize to better understand your student loans and pay them off more quickly, as well as some history behind where student loans originated and the crisis it has created in the United States.

If you need some student loan payoff calculators, I like: 

If you want to better understand amortization and your mortgage, check out this link: https://www.investopedia.com/terms/a/amortization.asp

Special shoutout to listener Ian L. in Utah for sending in the idea for this episode. We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

The show is written and edited by me, produced and edited by Daniel Ryoo. We work hard to ensure these episodes sound great for you. New episodes launch every week. Check back for Episode 10 on Thursday 4/22/21 to listen to my interview with Marc Ezzi, a real estate investor. Check back for Episode 11 next Tuesday 4/27/21. There is a lot to learn, but we work hard to discuss complex financial topics in an easily understood manner. Finance doesn't need to be pretentious, and you don't need to be an expert. Every little bit you can learn helps you save money and better understand where your money is going.

Take 20 minutes out of your week to listen to these podcasts, and you won't regret it! Please consider leaving a review on Apple Podcasts. It helps others find the show and see your thoughts.

Join Robinhood using my link (you'll help to support the show and get free stocks): https://join.robinhood.com/dustind195

Join WeBull using my link (you'll help to support the show and get free stocks): https://act.webull.com/pr/CVtvGRcJOCRb/wvw/inviteUS/

#loans #debt #studentloans #homebuying #mortgages #finance #fundamentals #financefund #money #investing #budgeting #personalfinance #crypto #bitcoin #stocks #funding #wealth #retirement #401k #RothIRA #IRA #growth #financialhealth #compounding #interest

Welcome back to Finance Fundamentals. This is a new take on the series. Every Thursday I will be releasing an interview. This is "The Business of Business." 

My first guest is a fellow Maine native who's grown an idea into an empire, and I am incredibly excited to share this interview with all of you. Check out Food Truck Rehab on Sunday evenings at 11PM EST/8PM PST to see the cousins in action as they save and rehabilitate food truck businesses across the country. 

Jim's Bio: Cape Elizabeth, Maine native Jim Tselikis is the co-founder of Cousins Maine Lobster, a startup food truck business which has grown to over 50 units, including both gourmet food trucks and fast-casual restaurants. Jim graduated from College of the Holy Cross in 2008 with a degree in Political Science. In 2012 he and his cousin, Sabin Lomac, opened a single food truck in Los Angeles, looking to bring the authentic Maine lobster experience from their childhood to the West Coast. 

After an endearing 2012 Shark Tank appearance that culminated in a partnership with Barbara Corcoran,  the Cousins began franchising, bringing authentic Maine Lobster eats to unique neighborhoods across the U.S. and, in 2017, expanded internationally into Taiwan. Jim continues to work tirelessly to grow his "Family First" business with an eye towards sustainability in order to bring the CML experience to customers nationwide and beyond. An accomplished entrepreneur and author, Jim is an active member of Big Brothers Big Sisters and is a proud father to his daughter, Olive, and devoted husband to his wife, Maggie. 

Keep up on social media with Jim on Twitter and Instagram @jimtselikis @cousinsmainelobster cousinsmainelobster.com 

We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. 

Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

As we buy homes we secure mortgages. You shop around and try to get the best rate, but do you truly understand the basis of the mortgage? Have you heard about amortization, escrow, PMI? Listen in to learn more about your mortgage and to understand the  

If you need an LTV calculator, check out this one: Loan-to-Value Calculator If you need a Mortgage Payoff Calculator (with extra payments), check out this one: https://www.bankrate.com/calculators/home-equity/additional-mortgage-payment-calculator.aspx 

If you want to better understand amortization and your mortgage, check out this link: https://www.investopedia.com/terms/a/amortization.asp 

Special shoutout to listener Kim D. from Maine and Stefan S. from Delaware for sending in the idea for this episode. We always appreciate comments and questions. Special shoutout to listener Jill J. from Atlanta for sending in the comment. We appreciate the support. I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast

The show is written and edited by me, produced and edited by Daniel Ryoo. We work hard to ensure these episodes sound great for you. New episodes launch every week. Check back for Episode 8 on Thursday 4/15/21 to listen to my interview with Jim Tselikas from Cousins Maine Lobster. Check back for Episode 9 on the Student Debt Crisis next Tuesday 4/20/21. There is a lot to learn, but we work hard to discuss complex financial topics in an easily understood manner. Finance doesn't need to be pretentious, and you don't need to be an expert. Every little bit you can learn helps you save money and better understand where your money is going. 

Take 20 minutes out of your week to listen to these podcasts, and you won't regret it! Please consider leaving a review on Apple Podcasts. It helps others find the show and see your thoughts. 

Join Robinhood using my link (you'll help to support the show and get free stocks): https://join.robinhood.com/dustind195 

Join WeBull using my link (you'll help to support the show and get free stocks): https://act.webull.com/pr/CVtvGRcJOCRb/wvw/inviteUS/

#homebuying #mortgages #finance #fundamentals #financefund #money #investing #budgeting #personalfinance #crypto #bitcoin #stocks #funding #wealth #retirement #401k #RothIRA #IRA #growth #financialhealth #compounding #interest

My new interview series, "The Business of Business" is launching Thursday April 15th, and interviews will release every Thursday after that. I am very excited to announce this series. Join me on the 15th for the first of the series with @cousinsmainelobster.  

Music credit: Chill Wave Kevin MacLeod (incompetech.com)

So you’re ready to buy a home. You’ve decided you are in a city you love, or at least like enough to buy a home, and you want to plant some roots. You’re tired of renting and you want something to call your own. Now what? Check out these steps to better understand the home buying process.

If you need an affordability calculator, check out this one: Quicken Loans Affordability Calculator

If you need a calculator to determine your debt to income, check out this one: Wells Fargo Debt to Income Calculator

Special shoutout to listeners Emily W. and Tom A. from Boston for sending in the idea for this episode. We always appreciate comments and questions. Special shoutout to listener Jill J. from Atlanta for sending in the comment. We appreciate the support. 

I love feedback, comments, and questions and will be incorporating those into my future episodes. Please consider sharing this show with a friend or colleague. This community can grow and support one another. We all have unique investment strategies and experiences. Follow and contact me on Facebook, Twitter, Instagram, Email, and more: linktr.ee/FinanceFundamentalsPodcast  

The show is written and edited by me, produced and edited by Daniel Ryoo. We work hard to ensure these episodes sound great for you. New episodes launch every week.  

Check back for Episode 7 to learn about mortgages and strategies to pay them off next Tuesday at 7AM EST. There is a lot to learn, but we work hard to discuss complex financial topics in an easily understood manner. Finance doesn't need to be pretentious, and you don't need to be an expert. Every little bit you can learn helps you save money and better understand where your money is going. Take 20 minutes out of your week to listen to these podcasts, and you won't regret it! 

Please consider leaving a review on Apple Podcasts. It helps others find the show and see your thoughts.  

Join Robinhood using my link (you'll help to support the show and get free stocks): https://join.robinhood.com/dustind195 

Join WeBull using my link (you'll help to support the show and get free stocks): https://act.webull.com/pr/CVtvGRcJOCRb/wvw/inviteUS/ 

#homebuying #mortgages #finance #fundamentals #financefund #money #investing #budgeting #personalfinance #crypto #bitcoin #stocks #funding #wealth #retirement #401k #RothIRA #IRA #growth #financialhealth #compounding #interest