EP152. Jordan Goodman: America’s Money Answers Man!

--> Listen on your Smart Device tonydurso.com/mobile or iTunes. Jordan Goodman is well-known as America’s Money Answers Man. He's the host of the Money Answers Radio Show; he’s written 13 books on financial topics including the Dictionary of Finance and Investment Terms, Fast Profits in Hard Times and Master Your Debt; he was the Wall Street correspondent at MONEY Magazine for 18 years; and he’s a frequent guest on radio and TV shows across America.    =Highlights= A great list of accomplishments for for Jordan Goodman at moneyanswersman.com/revenuechat. Jordan takes us on a quick recap of how he became America’s Money Answers Man. He’s all about journalism that really helps people (not the political mudslinging). These resources help transform people’s lives in paying off their mortgage, earning high yield on their money and so forth. There’s a lot of people who need help. They have money; they have a business, but they don’t have an advisor. Here’s some info on making interest on your money. Where can businesses earn a decent yield on their money instead of keeping it in the bank earning 0%. This is the saver’s dilemma. If you keep your money in the bank, you’re going to earn 0 on checking and savings, and less than 1% on CD’s. Interest rates on loans keep rising, but interest on saving does not. This means you will lose. This is what Jordan does: SecuredRealEstateFunds.com. Earn 8% per year. This has a long term track record. Call them at 888-444-2102. This is called a regulation A+ fund which has been around for 2 years. This fund is authorized by the Jobs Act of 2012. $5000 minimum and 8% per year. How business owners can take full advantage of the new tax law that was passed in December 2017. Jordan talks about the “pass through entity.” The first 20% of your income is deductible. Here’s some info about instant write off on any capital expenditures. A sole proprietor can also do this and doesn’t have to be a corporation. Small businesses are doing this to save money on taxes and investing more in their business. Big businesses had their corporate tax rate go down from 35% 5o 21%. Here are the best way for business owners to get the best credit cards with the most perks and rebates and lower rates. Here’s a great strategy by Jordan Goodman to maximize the benefits you get from some of your cards. Here’s a free website to find all the best deals for your scenario: GuideToCreditCard.com For businesses and individuals. Get rebates as much as 5% back, Frequent Flyer miles, Disney Points, and a lot more. How to line up alternative financing if banks turn you down for a business loan? This has made it very difficult for small businesses to get loans.—Jordan has a solution around this. There are some good and bad alternative financing methods for businesses. Here are some good ones. Here’s a clearing house that will evaluate you based on cash-flow and not on assets. CorporateLendingSolutions.com or call 800-261-6478. Jordan clearly explains why today’s modern businesses have a hard time getting loans. Simple. Jordan Goodman tells about some bad financing methods and why they aren’t good for your business. These types of loans are terrible for your small business. The never-ending type of loans that hurt your business. How business owners can sell an unneeded life insurance policy for hundreds of thousands of dollars in the life settlement market instead of letting it lapse worthless. There’s a free website to find out about this: FundingLife.com or call 877-485-6681.