Mount Airy continued its revenue expansion with a state-leading growth in slot machine revenues for August.The Paradise Township casino resort reported $13.2 million in gross slots revenues last month, a 6.6 percent leap from Aug. 2016’s $12.4 million.In contrast, the state’s 12 licensed casinos averaged a drop of 0.4 percent for the month, from $193.9 million in Aug. 2016 to 193.2 million last month.The year-to-year changes in slots revenue across the [...]
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الثلاثاء، 5 سبتمبر 2017
Public Servants Who Qualify for Student Loan Forgiveness Can Apply Now
For some college grads, it’s time to think about whether to go to that 10-year reunion party. For others, there’s a bigger task: applying for student loan forgiveness.
The Public Service Loan Forgiveness (PSLF) Program launched in 2007. The program promises loan forgiveness to borrowers who made federal student loan payments for 10 years while they worked public service jobs.
This fall, the first round of professionals eligible for forgiveness can fill out their applications to have their remaining balances wiped away, CNNMoney reports.
More than half a million student loan borrowers participate in the program.
This Journey Isn’t Over Quite Yet
The loan forgiveness application is available in a PDF you can fill in, save, and mail or fax to the Department of Education. Borrowers who make loan payments through FedLoan Servicing can upload their applications via the FedLoan website.
Jobs that qualify you for forgiveness include government organizations, nonprofits and service in AmeriCorps or the Peace Corps.
Participants must be enrolled in an income-driven repayment plan and submit an annual employment certification for Public Service Loan Forgiveness form to confirm continued eligibility.
If you plan to apply for forgiveness this fall, you must work for a qualifying employer when you submit your application, as well as at the time the remaining balance on your loan is forgiven, the Department of Education notes.
Is the Public Student Loan Forgiveness Program Safe From Budget Cuts?
President Donald Trump’s 2018 budget proposal, released in May, would end the program and sunset subsidized federal student loans after 2018.
The budget is unlikely to pass in its current state, but students and borrowers should expect some changes to processes for requesting and repaying loans.
Lisa Rowan is a writer and producer at The Penny Hoarder.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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Got Wanderlust? These 4 Jobs in the Travel Industry Are Open Right Now
A few months ago, we wrote about an awesome, dream-job opportunity that included traveling the world, staying in expensive digs and making your friends jealous by posting about it on social media — all while earning $10,000 a month.
Sadly, ThirdHome, the company sponsoring this amazing gig, could only pick one person for the job, and that person has already been chosen.
Sorelle Amore is now ThirdHome’s lucky travel ambassador, Travel and Leisure reported. Her job includes hanging out in destinations including Scotland, London, the Dominican Republic, Costa Rica and more.
Feeling jealous yet?
Well, don’t just spend all your time scrolling through her Instagram account or ThirdHome’s. There may be a great travel job out there that’s perfect for you!
We’ll admit, it’ll probably be a little less grand than what ThirdHome is offering Amore, but check out these opportunities that will get you to new destinations — or at least will have you working in the world of travel.
And if traveling isn’t a must-have for you, but you’re looking for a new job, check out The Penny Hoarder Jobs page on Facebook for other fun and interesting open positions.
For Those Who Like to Fly
Get ready for the jet setter life. Spirit Airlines is hiring flight attendants out of Dallas, Las Vegas and Detroit.
They’re looking for people who have at least two years of customer service, hospitality or sales experience. You’ll also need to be a good communicator, be able to lift up to 50 lbs and must be at least five feet tall (yes, that’s a thing).
As a flight attendant, Spirit will expect you to have a valid passport and any necessary travel documents, and you’ll have to complete a four-week training course in Fort Lauderdale, Florida.
The expected salary was not included in the job listings, but self-reported salaries on Glassdoor show Spirit flight attendants making an average of $22.36 an hour. The company also offers benefits like medical and dental insurance, 401(k) offerings and more.
If you want to learn a little more about what it takes to work in the sky, this United Airlines flight attendant spills all the details about her job experience in this post.
To apply for a flight attendant gig with Spirit, click here if you’re based in Dallas, here if you’re based in Las Vegas or here if you’re based in Detroit.
For Those Who Like to Cruise
Imagine grabbing a drink while in the middle of the ocean. Sound relaxing?
Well, this job will have you serving the drinks to a multitude of customers, but hopefully, there will be ample time for fun and relaxation during off hours.
Norwegian Cruise Line is looking for a wine steward to serve drinks to customers on board its ships.
You’ll be responsible for providing optimal beverage service to guests, so the ideal job candidate will have extensive knowledge of the different wines served and be able to make suggestions on how best to pair wine with meals.
To score this gig, you need to have at least two years of bartending experience on a cruise ship or large hotel bar, including some supervisory experience. You must have great customer service skills, be able to work seven days a week and be fine with living in close quarters with other crew mates.
The job listing did not include the salary offering, but self-reported salaries on Indeed show Norwegian Cruise Line bartenders averaging about $40,066 a year.
There’s also the cool perk of cruising to coastal locales.
See here for more details and to apply.
For College Students Needing a Spring Internship
Ready for an internship that’ll get your career off the ground, literally?
Well, Southwest Airlines is looking for an inflight operations onboard experience and support intern for spring 2018. This internship is based at the airline’s headquarters in Dallas, Texas.
You’ll be providing project management support for the crew inside the cabin, including helping with “onboard product offerings, hospitality initiatives, mobility, fleet design, international efforts, and future provisioning strategies,” according to the internship listing.
Compensation isn’t just college credit. You’ll make $15 an hour, working at least 40 hours per week, plus you’ll enjoy flight privileges.
Southwest is looking for full-time students studying business who are at least in their junior year. You must have a 2.75 GPA or higher.
So get your resume, transcript and letters of recommendation handy. You’ll also be asked to pen an essay on the topic: “Why Southwest Airlines.”
Check here to apply for this internship.
For Travel Lovers Who Want to Work From Home
Kind of ironic, but not all travel-related jobs actually require workers to travel.
Sykes Enterprises is hiring work-from-home corporate travel agents. You’ll help corporate clients arrange and book all types of travel.
For this full-time role, you’ll need to have at least one year of travel agency experience (or two years of experience working for an airline) and know how to work with Sabre Red GDS software.
A college degree isn’t required, but you’ll need good communication, customer service and geography skills.
If hired, your home office must include a Windows-based personal computer, high-speed internet, an analog phone line and two headsets — a USB one for online training and a telephone headset for once you get into the real work.
Speaking of training, those hired will go through 20 days of paid training making $10.50 an hour. After training, pay jumps to $14 an hour.
Additionally, this job includes include medical, dental and vision benefits, 401(k) contributions, tuition reimbursement and more.
And if you decide do some traveling of your own on your days off, borrow some tips from this budget-conscious, travel-loving family.
See here to apply for the travel agent job with Sykes.
Nicole Dow is a staff writer at The Penny Hoarder. She enjoys traveling but has never found herself swept up by wanderlust enough to want a traveling job. She’s more interested in exploring her new community and putting down roots.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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Here’s What Scammers Are Telling Harvey Victims — and Here’s the Truth
In the middle of a crisis, rumors and scams run wild. Even if you’re normally vigilant, it’s easy to fall prey to someone looking to take advantage of an already bad situation.
That’s why the Federal Emergency Management Agency has set up a special page on its website and is updating it regularly. FEMA officials want to keep well-meaning people who want to help from spreading false information and prevent scammers from swindling Hurricane Harvey victims.
Hurricane Harvey Flood Insurance Scam
According to FEMA, there have been several reports from Texans who say they received robocalls claiming their flood insurance was past due.
The prerecorded message went on to say that if the victims wanted to continue their coverage, they needed to go to a specific website to make a payment.
FEMA says this is a scam.
“Insurance companies and agents selling flood insurance policies do not use this process to communicate with customers about their flood insurance policies,” FEMA’s warning said. “In fact, if your payment is past due, your insurance company will send you several pieces of mail 90, 60, and 30 days before the policy expires.”
If you get a call like this, hang up immediately and call your insurance company to verify that your policy is up to date. FEMA also provides instructions for those who need help filing a flood claim.
Others also reported hearing rumors that if they did not file a flood claim by Sept. 1, their insurance coverage could be negatively impacted by a change in Texas law. That is also false.
Scammers Target Immigrants, Too
FEMA has also received reports of people impersonating Homeland Security Investigations agents.
According to the emergency response agency, HSI agents and U.S. Immigration and Customs Enforcement officers are in Texas assisting with disaster relief efforts but aren’t conducting immigration enforcement operations in the areas hit worst by the hurricane.
Real immigration officers will have on proper uniforms and carry badges and credentials to identify themselves.
FEMA has also debunked a rumor that claimed undocumented immigrants who go to shelters would be turned over to ICE or U.S. Customs and Border Protection officers.
“The Red Cross will not ask people to show any form of identification in order to stay in their shelters,” FEMA reported. “In order to receive some Red Cross services… they will need to verify a person’s pre-disaster address. For people who don’t have government-issued identification, the Red Cross can usually do this through alternative means, such as a copy of a utility bill.”
Real and Fake Disaster-Relief Job Opportunities
Finally, whether you are a Texas resident who was spared the worst of the storm or an out-of-towner looking for ways to help, there have been two jobs floating around.
If you saw a flyer titled “FEMA Field Inspectors needed ASAP” that said there were jobs that pay between $4,000 and $5,000 a week, that’s real — but the positions are limited.
For the most up-to-date information on open positions with FEMA’s Hurricane Harvey efforts, check FEMA’s jobs page. You can also check out a list of approved volunteer opportunities here.
Another rumor claimed FEMA was hiring 1,000 people to work for $2,000 a week. People were told to call a phone number that started with 888-776-XXXX. This is a scam. If you come across this, don’t call.
Remember, scammers act quickly, and new ways to steal your money or personal information are constantly cropping up. If you hear of anything that seems too good to be true, check FEMA’s rumor control site to see if it’s a known scam or a rumor that has already been debunked.
Desiree Stennett (@desi_stennett) is a staff writer at The Penny Hoarder.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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Check Your Wallet: Your $1 Bills Might Be Worth Thousands of Dollars
Very little is as awesome as holding the winning number in your hot little hands, whether you’ve purchased the fateful lottery ticket or your number was just called at the deli. (Wait, am I the only person who gets excited by that? What can I say? I like to celebrate the small wins.)
However, you may be sitting on a winning number of another kind without even realizing it. What am I talking about?
Check Your Dollar Bills
Specifically, dollar bills with strange serial numbers — ones that aren’t easy to come by. The collectors at CoolSerialNumbers.com have created a list of their most wanted serial numbers, and you might have a bill with one of these sequences on it in your wallet.
Turns out antique coins aren’t the only currency worth cash to collectors.
Check out the full list to see if you’ve got any of these rare bills, but here’s a rundown of the sort of serial numbers these collectors are looking for:
- Seven repeating digits in a row on $1 Federal Reserve notes (i.e., 09999999, 77777776)
- Seven of a kind on $1 Federal Reserve notes (i.e., 00010000, 99999099)
- Super repeaters on $1 Federal Reserve notes (i.e., 67676767)
- Double quads on $1 Federal Reserve notes (i.e., 00009999)
Can You Really Get Rich With Dollar Bills?
Just ask these collectors and experts, who estimate specific “hot” serial numbers to be worth big bucks:
- The Boston Globe reported in 2013 that one particularly patriotic collector was interested in bills with the serial number 07041776 in honor of the date of the signing of the Declaration of Independence. He was said to be willing to pay $500 to $1,000 for $2 bills with this serial number. (Why $2 bills? Each one portrays the historic event.)
- In the U.K., an eBay seller reportedly made 7,100 pounds from the sale of a single 20p coin.
- When the redesigned $100 bill was released in October 2013, Dustin Johnston, director of Heritage Auctions in Dallas, told The Boston Globe the very first bill (serial number 00000001) could be worth a whopping $10,000 to $15,000.
Go ahead: Take a few minutes to check your wallet, pockets and maybe those couch cushions. If you think you’ve got a serial number collectors will be interested in, here’s what to do next.
Show Them the Money
Depending on the rarity of your bill’s serial number, it could be worth a crazy amount of money — CoolSerialNumbers.com is currently selling bills for anywhere from $35 to $5,000. Contact the site here to learn more.
And be sure to tell your grandma you want your birthday $20 in singles this year. Because, as the New York Lottery says, “Hey, you never know.”
Kelly Gurnett is a freelance blogger, writer and editor who runs the blog Cordelia Calls It Quits, where she documents her attempts to rid her life of the things that don’t matter and focus more on the things that do. Follow her on Twitter @CordeliaCallsIt.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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Is it Time to Ditch Your Savings Account? Here’s What to Look for
A lot of us trust savings accounts with our hard-earned money. After all, using a savings account has to be better than sticking that money under a mattress, right?
Many of us use savings accounts to set aside cash for an emergency fund or achieve a long-term financial goal. We set savings challenges for ourselves and find less expensive ways to get our pumpkin spice lattes, all in the name of putting more money in that savings account.
But what if those savings accounts were actually costing us money? As The Christian Science Monitor reported in 2015, some savings accounts “may actually be making your financial situation worse.”
Here’s what you need to know to choose the best savings account.
The Best Savings Accounts Offer High Interest, No Fees
How much interest are you currently receiving on your savings account?
The Christian Science Monitor suggests you look for an account that offers at least 1% interest. If your current savings account is offering less than 1%, it’s time to think about making a switch.
We’ve got a great list of accounts to check out:
It’s also time to take a good look at your bank fees. If your bank charges fees for low balances or for depositing/withdrawing money, you might not have the best savings account for your needs. Some banks even charge monthly maintenance fees.
Look for no-fee savings accounts to save as much of your money as possible — and if you’ve got an account with fees, try calling your bank and asking if the fees can be waived. We’ve got a list of tips to help you get around many of the most common bank fees.
Saving vs. Investing
The other big mistake many people make is putting too much money in a savings account. Once you have a healthy emergency fund as well as sub-savings accounts for life goals like a vacation or down payment, it’s time to start thinking about how to start investing your money instead of putting it in bank savings accounts.
If you don’t yet have an IRA or a Roth IRA, for example, it might be a good time to start one. You can even consider a CD ladder if you find an option with great interest rates. Put those saved dollars to work, and let them earn even more money.
Think of your savings account as a way to get you to a short-term financial goal, like building up an emergency fund or saving for a new car. Any money you save for a long-term goal, like retirement, should go into something that is likely to bring a greater return — not into a bank savings account.
Want to learn more? Read the full story at The Christian Science Monitor.
Nicole Dieker is a freelance writer focusing on personal finance and personal stories. Her work has appeared in The Billfold, The Toast, Yearbook Office, The Write Life and Boing Boing.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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New FandangoNOW Promo Code Gives You a Free Streaming TV Show Episode
Who doesn’t love a good binge-watching marathon?
Load up on your favorite healthy drinks and snacks — just kidding. Get some beer or wine and cheese puffs, and settle in for hours of intense action and drama.
You’ll see your favorite characters narrowly escaping the clutches of evil. If you’re watching “Game of Thrones,” though, you’ll probably see them die horribly.
No matter the show, there is something deeply satisfying about binging. Deeply satisfying, that is, until you’ve caught up and have no more episodes to watch.
Now you have to find a new show to dive into. Where do you start?
FandangoNOW wants to be your new go-to place to find streaming TV shows and movies, and it’s willing to give you one free episode to draw you in.
One Free Episode, No Catch With FandangoNOW Promo Code
You can now watch one free TV episode on FandangoNOW by using the promo code BINGETV. The code is good for up to $2.99. After a quick review of titles, we found that some of the most popular shows, like “Game of Thrones,” are priced at $2.99 per episode. If you happen to pick an episode that’s more than $2.99, you just pay the difference.
Not sure what show to watch? Remember, not all shows are created equal when it comes to binge-watching. Some shows, like sitcoms, are just fun to watch on occasion. Other shows make for epically awesome binge weekends.
What’s in it for FandangoNOW?
You already have Netflix, Hulu and Amazon Prime, but what’s next? Simply put, FandangoNOW wants to become the next big player in the TV and movie streaming market. What better way to get people to check out your product than to offer it for free?
If you decide to use the BINGETV code to watch the first episode of “The Handmaid’s Tale” because you don’t have Hulu, you may very well get hooked.
Guess what? FandangoNOW also offers 25% off full seasons with promo code TVSAVE25. Instead of paying $23.99, you could get the full season for just $17.99.
So put on your comfy pants and settle in for the free episode — but don’t be surprised when that one episode becomes a season.
Tyler Omoth is a senior writer at The Penny Hoarder who loves soaking up the sun and finding creative ways to help others. Catch him on Twitter at @Tyomoth.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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Protect Your Business with Key Man Life Insurance
A company may be run by a large group of people with the responsibilities spread out evenly between different departments.
Other companies rely heavily on one or two people.
If one of these highly important people were to pass away, these companies would have difficulties keeping the company in business.
Otherwise stated: They would be screwed!
You would think that most businesses are prepared if something happened to one of it's key personnel.
A survey by AMA (America Management Association says otherwise finding the following:
Only 14% of those surveyed said that their companies were well-prepared for the loss of a key person.
It's these type of businesses that would benefit from key man life insurance.
What Is Key Man Life Insurance?
The concept of losing a close friend and colleague can be very difficult for business partners to imagine, but they must do so if their plan is to continue operating the business after the death of an important partner. The key man insurance policy is a life insurance policy that business partners can purchase against the possibility of losing a key partner. If these particular people mean life or death for the company, they are exactly the people who need key man insurance.
Owners of small businesses may have life insurance policies that name their spouses or other family members as beneficiaries. These policies take care of the business partners’ personal expenses, such as the mortgage on the house and other debts.
Business partners often purchase disability insurance and make this available to their employees as well. The disability insurance pays the expenses in the event that people experience an injury or are diagnosed with an illness that makes it impossible for them to work and earn their salaries.
However, key man insurance covers a completely different area. With the death of a key person, the key man insurance policy covers the company. If you’re one of those essential people in the company, or you’re the owner of the business, then you know how detrimental the death of a key person can be. You’ve been in hours of hard work and sweat into helping your company succeed. Key man life insurance will protect that from crumbling down if there were anything tragic to happen.
Key man insurance would not be beneficial to every business, but the owners will want to learn more about this insurance coverage to discern whether or not their companies fall under the category of those that would benefit from purchasing a key man insurance policy.
Does The Company Have One Or Two People Who Are Highly Important?
The owner of the company would certainly fall under this category. The founders of a business may also qualify as key people. If the loss of some employees would cause the organization to experience difficulties in running the business, this company may want to have key man insurance on these employees.
Every company is different, some companies have a whole team of people that they rely on, and if anything tragic were to happen to them, the business would struggle. Other companies have one key person at the top that is essential to the whole operation. Because every company is different, there is no one-plan-fits-all policy that you can buy. You will need to look at your organization and decide which kind of coverage is going to work best for you. Regardless of the setup of your business, it’s vital that your key people have the insurance coverage in place to protect against anything that would happen if they were to pass away.
How Does Key Man Insurance Work?
Key man insurance is a life insurance policy that works much like regular life insurance.
The business will purchase the policy and will also be named as the beneficiary.
This requires that the partners pay premiums that keep the policy active. If one of the key people in the company passes away while the policy is active, the business receives the pre-determined lump sum of money.
This amount may be $100,000, but it could also be as much as several million. The amount that an organization receives will depend on how much the company can afford to pay in premiums. For example, purchasing a policy for a $5,000,000 payment will require that the partners pay more to keep the policy active than if they chose a $100,000 payment.
The partners will not necessarily benefit from a policy that offers them $500,000. The amount of the death benefits will depend on how much money will be required to replace the key person who has died. If the partners in the company believe that $100,000 would suffice, purchasing a policy for this amount is a legitimate choice to make. The partners can also keep their premiums lower if they purchase a term policy that tends to be less expensive than whole life insurance through one the best life insurance companies we have to work with.
What Can the Company Do with the Death Benefits?
What is done with the money will be up to the remaining business partners, but it will be used for the benefit of the business. For example, the business partners can pay any debts that are remaining, or they may offer an amount to their shareholders. Some business partners keep a portion for the business and offer the other to the deceased partner’s spouse.
Who Actually Owns the Policy?
Most key man life insurance policies will have some sort of cash value build up either a whole life policy for universal life. Here's the biggest misunderstanding I see: The individual does NOT own the policy. The company does and is also the beneficiary.
The company may get a tax deduction in paying for the key man life insurance policies' premiums, but they can only do so if they add the premiums paid to the individuals taxable income. This might not sound as attractive if your the individual, but most companies will offer the cash value build up as an added retirement benefit.
I had one client that worked for a old company that had bought a $400,000 cash value life insurance policy on him. He had retired from the company and they let him take the policy with him. The cash value was only around $20,000 which he ended up leaving in the policy to pay for the premiums until it expired.
Are you a business that is need of key man life insurance? Give my office a call and we can give you a free review to see where you might need some coverage.
When you’re looking to get a key man life insurance plan, there are dozens of different factors that you have to consider to ensure that you’re getting the best plan to fit your company’s needs. It can be a long and difficult process, but if you’re one of the main components in a small business, you know the important of getting insurance protection and not paying more for that coverage than you have to.
Obviously, the most important factors are how much it’s going to cost your organization to replace you if anything tragic were to happen. Each business is different and every person’s responsibilities inside of that organization are going to vary.
For example, if you manage all of the finances of your business, you’ll need to hire another person to handle those or outsource the finances. Depending on how long you need to outsource the job, you could need thousands and thousands of dollars of life insurance.
You’ve worked hard to make your small business flourish. It’s your lifeblood. If you started the organization yourself, you want to be able to protect that business, regardless of what happens to you. The best way to ensure that your employees and business partners have the security that they need is to have a key man life insurance policy that will give the resources that they need, if anything tragic were to happen to you.
Additionally, your family probably relies on the business and the income that comes from it. If something were to happen to you, not only would your business suffer, but your family would struggle as well.
Getting Better Key Man Life Insurance Rates
Just like any other type of life insurance policy, there are several things that you can do to ensure that you’re getting the best price for your coverage. You should always compare the rates from dozens of companies before you choose the one that works best for you. You compare the prices of TVs, why wouldn’t you do the same for a key man insurance plan?
Every insurance company is different, and all of them are going to have different medical underwriting requires and guidelines for how they determine their premiums amounts, which means that you could get drastically different rates from two separate companies. The best place to start your search is with the insurance company that you already hold policies with. Just about every insurance company gives discounts for having more than one policy. Getting a bundled discount is a great way to save a couple of extra dollars on your key man insurance policy, and could save you money on your other plans as well.
When you apply for a key man life insurance policy, just about every insurance company is going to require a medical exam. The results of the medical exam are going to play a major role in how much you’re going to pay every month for the policy. It’s important that you or the person being insured is in excellent health. One of the best ways to get lower rates for your key man policy is to cut out the tobacco.
If the person that is getting the plan is a smoker, then you’re going to be paying much higher rates. Anyone that uses tobacco is going to have a higher chance of heart attack and cancer, which means the insurance company is taking a great risk. They are going to offset all of that risk by charging you twice as much for that insurance coverage. If you have any questions about key man life insurance, or about protection your business through insurance, please contact me today. I would be happy to answer any of those questions and ensure that you’re getting the best coverage available. Don’t wait any longer to get the key man life insurance policy that your business and family deserves. You can’t predict the future, which means that you never know what’s going to happen tomorrow.
This post was featured in the Cavalcade of Risk blog carnival hosted by AMAXX, Workers Comp Resource Center.
The post Protect Your Business with Key Man Life Insurance appeared first on Good Financial Cents.
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Industry Insider: Ten years since the credit crunch, what have we learnt?
September 2007 was the month that many people began to be aware of the credit crisis that tipped the global economy into recession.
On 4 September 2007, the rate at which banks lend to each other, known as ‘Libor’, rose to its highest level since December 1998. This indicated that banks were worried other financial institutions may not survive or were strapped for funding themselves. It was a clear sign that the US sub-prime mortgage crisis was starting to affect the global financial system.
Nine days later, the BBC revealed that Northern Rock had been granted emergency financial support from the Bank of England, sparking the first run on a British bank in 150 years, with Northern Rock’s panicked customers queueing for hours to withdraw their savings.
This event is seen by some commentators as the start of the credit crisis, which resulted in bank failures, bailouts and a painful stock market crash.
As we mark the onset of the crisis, the words of renowned investor Warren Buffett are appropriate here: namely, that you only discover who has been swimming naked when the tide goes out. Taking on too much debt causes problems during times of economic stress, which is true for individuals, companies and governments alike. This is just as relevant today as it was in September 2007. While banks have deleveraged over the past decade, the same cannot be said for governments and individuals.
Today, government debt levels are high worldwide, because of actions to bail out banks and stimulate economies. Recent warnings from the Bank of England suggest the picture isn’t looking too rosy for individuals either. This follows a 10% increase in car loans, credit card balances and personal loans over the past year, contrasting with a 1.5% rise in household incomes.
With interest rates at a record low of 0.25%, it is fair to assume the direction of travel will be upwards over time. It has been a rollercoaster ride for investors over the past decade. Between late 2007 and February 2009, portfolios plummeted in value – in some cases by as much as 40%. The good news is that investors who could stay invested have ultimately benefited. Those who were brave enough to invest in mid- to late 2009 will have done even better.
Several fund managers have proven their mettle during the decade. They include Alex Savvides, who runs the JOHCM UK Dynamic fund, launched in the eye of the storm in June 2008. Mr Savvides’ focus on unloved and under-researched companies has paid off. Since launch, the fund has returned 186%, far ahead of a 96% gain by the average fund in the Investment Association (IA) UK All Companies sector and 93% by the FTSE All Share index(1).
Thomas Moore started managing the Standard Life Investments UK Equity Income Unconstrained fund in January 2009, focusing on companies with the potential for positive earnings revisions. Since then, he has had stellar returns of 253% – far ahead of 153% by the IA UK Equity Income sector and 134% by the FTSE 100 index(2).
Investors have survived what felt like Armageddon and are likely to have seen their portfolios perform well. The worst thing you can do during a stock market crash is panic – it may not turn out to be as bad as you think.
Past performance is not a reliable guide to future returns. You may not get back the amount originally invested, and tax rules can change over time. Mr McDermott’s views are his own and do not constitute financial advice.
Darius McDermott is managing director at Chelsea Financial Services and FundCalibre
(1)Source: FE Analytics, total returns in sterling, 16 June 2008 to 7 August 2017.
(2)Source: FE Analytics, total returns in sterling, 1 January 2009 to 7 August 2017.
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Nick Train: The bull market is here to stay
For almost a decade financial markets have been climbing the proverbial ‘wall of worry’, despite the fact that since March 2009, when markets bottomed out following the financial crisis, share prices across a broad spectrum of sectors have edged higher and recovered their poise.
Indeed, far from investors popping the champagne corks and partying like it’s 1999, the current eight-year-long bull market may well possibly go down as one of the most unloved in history. Irrational exuberance, common during other stock market purple patches, has been noticeably lacking. Instead, there’s a feeling of distrust in the air, with investors sceptical as to whether the rally has been built on solid foundations.
These concerns are understandable, as there are various threats on the horizon that could derail the bull market: Brexit, a Donald Trump tweet, North Korea, to name just a few. But arguably the biggest unknown is how stock markets will react when the money printing stops.
Don't blame it all on the easing
Since the crisis, unorthodox monetary policy has been present in the form of ultra-low interest rates and large doses of quantitative easing (QE). While there’s debate over whether QE has achieved what it set out to do – stimulate the economy – the big fear as far as investors are concerned is that the policy has distorted stock market valuations, and as a result has helped send share prices to elevated levels that will ultimately prove unsustainable.
Nick Train, one of the UK’s most respected UK stock pickers and a manager who has seen a fair few market cycles during his 30-year career, is not losing any sleep over this doomsday scenario playing out, however. In fact, on the contrary, Train is of the opinion that QE’s impact is not ‘demonstrable’ and instead argues that the bull market is ‘only just getting started’.
‘If QE was having so much of an impact then why does Royal Dutch Shell, a share that has not cut its dividend since 1945, have a dividend yield of 7 per cent? If there’s QE then surely Shell would be yielding 2 per cent. That’s my take on QE and why it doesn’t worry me,’ says Train.
Central to Train’s bullish stance is the technological boom, which he says is ‘10 years old and has only just started getting going’. He adds: ‘I do think we are at the beginning of a fully-fledged bull market in digital technology. It is 10 years young, and when you look back at history some bull markets lasted a very long time. The railway rally, for example, lasted 50 years.’
There’s one caveat, however. While Train believes that a minute spent thinking about the possible implications of Brexit or what Donald Trump will do next is a minute wasted, he says a meaningful slump in global trade would concern him.
Train’s two UK portfolios, Finsbury Growth & Income Trust (FGT) and CF Lindsell Train UK Equity, have around a third of assets invested in either out-and-out tech companies such as Sage Group, or companies that are radically improving productivity via technology, with one example being stockbroker Hargreaves Lansdown.
The rest of the portfolios consist of consumer goods and services firms that are dominant players in their respective markets: Unilever, Diageo, Burberry and Heineken are four of the 25 names in FGT. Corporate longevity is key: the vast majority of holdings were founded more than 100 years ago.
‘I do not think my investment approach is anything more sophisticated than saying: I like to invest in companies that do stuff people can’t live without. This could be products that taste good, or a product that holds people’s attention. Over the long term these are the businesses that have survived and will continue to thrive in the decades to come.’
He adds that, overall, most businesses have too many flaws to invest in, and that therefore over the long term ‘the majority of quoted companies don’t last very long’. This is perhaps why, with an average holding period of well over a decade, he seldom trades.
Two years ago, however, was a busier period than usual, as Train introduced a new company into the portfolio – premium drinks firm Remy Cointreau. This was the first new holding in four years. ‘It has become harder to find companies that will not be knocked off their perch,’ he acknowledges.
He adds: ‘I know it is rather clichéed to say “one of my favourite Warren Buffett quotes is....”, but one of his principles I particularly like is that the best new ideas are often old ideas. Things go in and out of favour, so rather than buying something new, there are always opportunities to top up existing positions.’
One area Train has been adding to lately is the three financial services companies he owns – Schroders, Rathbone and Hargreaves Lansdown – on ‘share price weakness’ following the recent publication of the Financial Conduct Authority’s (FCA’s) long-awaited asset management market study. The tone of the report was critical, with the FCA raising concerns that the industry enjoys ‘high levels of profitability’.
Train, however, thinks that although the pressure has been raised on fund managers to reduce fund charges, lower fees would not necessarily mean that profit margins would decline or fall commensurately.
He adds: ‘This is for three simple but structural reasons. First, equity markets have a tendency to go up, and ad valorum fees give fund managers leverage to this tendency and protect margins when costs are rising; secondly, technology change will lead to significant cost savings for managers; thirdly, economies of scale are meaningful and we are hoping to invest only in fund management winners that can use increasing scale to offset fee pressures.’
In addition, he continues, each of the three shares look attractively priced on one of his favourite valuation measures – the AUM/EV ratio, which divides a firm’s assets under management by its enterprise value.
Buying the cream of the crop
As a whole Train’s portfolio would be regarded by some as ‘defensive’, while some of the stocks he invests in have been dubbed expensive ‘bond proxies’. But he looks at it differently. ‘For me there are only two types of investor: momentum or value. I am not a momentum investor, so by definition I can only be a value investor.
I think Diageo (which some call a bond proxy) is cheap, but the reason why I think it is cheap is because it offers investors exceptional predictability, as in decades to come I expect consumers still to be consuming their products.’
Train is a manager who cannot be accused of being an ‘index-hugger’, nor can even the most ardent passive fund enthusiast make a case that he is simply lucky. Over various timeframes, short and long, he is ahead of both the competition and the wider market. On a 10-year view, as the chart opposite shows, FGT is up 195 per cent, while in contrast the average UK equity income trust has produced gains of 60 per cent.
Moreover, the trust is streets ahead of the FTSE All-Share index’s 72 per cent rise. In contrast to passive funds, Train’s portfolios hold only what he perceives to be the cream of the crop. It is a winning formula.
Train in Six
1. My best investment was.... ITV, over 20 years ago, when it had a dozen or so regional independent television companies. In the process, I learnt a valuable lesson – don’t underestimate a business that can capture people’s attention.
2. My worst investment and lesson learnt.... the most painful one that sticks in my mind was when I predicted the US economy would go into recession. It was at some point in the 1980s, and because I felt so sure it would happen I made the portfolios I was running more defensive. My prediction was correct, but what I got completely wrong was how the stock market would behave – it went through the roof. I learnt that the stock market and the economy are two completely different things.
3. Alternative career would have been....I’m too much of a dilettante to have done anything else.
4. In spare time I like to....I enjoy practising yoga; I am a qualified yoga teacher.
5. The one thing I would like to see change financial services... for investing to be as common a thing as having a flutter on a horse race.
6. Do you invest in the trust... I do indeed, and actually don’t personally invest in the open-ended version – CF Lindsell Train UK Equity. I prefer investment trusts anyway, but I also wanted to align my interests with FGT shareholders when we launched the open ended fund in 2006. I wanted shareholders to know that I remained fully committed to the investment trust.
This article was written for our sister magazine Money Observer.
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5 Easy Kitchen Upgrades That Look Way More Expensive Than They Actually Are
Between weekly meal prep and making at least two full meals every day, sometimes I feel like I never leave my kitchen.
Don’t get me wrong: I love to cook, so I enjoy being in the kitchen. It’s the room itself I’m not too crazy about.
My house was built in the 1950s so the kitchen is… well, let’s just say it could use an update.
My husband and I recently bought a gorgeous new refrigerator (we skipped the protection plan), but unless a huge chunk of money falls out of the sky and into my lap, I’m stuck with the kitchen I have for the foreseeable future.
So, like any good Penny Hoarder, I poked around the internet to find some easy, affordable kitchen upgrades I could do that don’t cost a king’s ransom.
These five projects are my favorites. As a bonus, they’re easy to undo if you’re living in a rental home.
1. Beautify Your Backsplash
The wall between the countertop and overhead cabinets is one of the most important visual elements in a kitchen.
We spend a lot of time at the kitchen counter prepping and cooking food, so that area is directly in our line of vision. Since we see it so much, it might as well look nice, right?
The trouble is, a simple coat of paint is boring, but backsplashes can be expensive.
The answer is something you probably use every day.
Plates!
Danielle over at 2 Little Superheroes came up with the idea to use plastic plates to create a backsplash effect for only a few dollars.
You could pick up a set or two of sturdy melamine plates online for about $15 to $25, but you already know there’s an even better option: Hit up a thrift store or yard sale and look for inexpensive plates wherever you find picnic items.
When you’re ready to decorate your backsplash, craft a hanging point on each plate by popping the tab off a soda can and hot gluing it on the back of the plate.
Tap tiny nails into the wall and hang the plates to create a DIY backsplash that’s as unique as you are.
Renter restoration: When you take down the plates fill in the tiny holes left behind by the nails with toothpaste or a bar of soap.
2. Dress Up Your Cabinets
Aside from being dated, I like my kitchen just fine. The cabinets and cupboards, however, are another story.
They’re cheesy, brown faux wood-grain monstrosities that date back to when the house was built. I haaaaaate them.
If your cabinets are as unsightly as mine, consider covering them in contact paper.
Self-adhesive contact paper comes in pretty much every style and pattern you can think of — even chalkboard.
If that seems like too much work, go radical. Take the cabinet doors off completely and use these four open shelving tips to keep everything tidy and company-ready.
Renter restoration: To be sure the contact paper won’t leave any residual damage when you remove it, test it on an inconspicuous area first.
As you’re removing kitchen cabinet doors, number them (and the corresponding cupboard) using a small piece of masking tape so you know where to rehang each one.
3. Upgrade Your Hardware
My kitchen cabinet door handles and drawer pulls may have looked nice at one time. (Oh, who am I kidding? They’ve always been ugly.)
Removing and replacing them with updated modern hardware made a world of difference.
Renter restoration: Gather all the old hardware and screws in a plastic bag and store the bag in a kitchen drawer so they’re handy when it’s time to replace them.
4. Take Control of Your Countertops
Clear and declutter your countertops for an immediate cosmetic lift. Stash the small appliances you rarely use in cabinets and corral cooking utensils in that pretty vase you picked up at a garage sale.
Check out these other genius ways to get countertop clutter under control:
- Ditch that giant knife block in favor of a magnetic knife holder
- Build some pretty DIY storage boxes for smaller items and stack on top of the refrigerator
- Pare down your kitchen tools to these five essentials and free up cabinet space to store appliances you want to keep handy
If you’re willing to ruthlessly get rid of kitchen stuff you don’t need rather than just rearrange it, sell it on LetGo to make a few bucks.
Renter restoration: Label small appliances and kitchenware that came with your rental to easily sort them from your own possessions when it’s time to pack.
5. Throw in Some Textiles
New textiles are an inexpensive and endlessly customizable way to freshen your up kitchen.
Pretty dishtowels will only set you back a few dollars, especially if you pick them up at a secondhand store.
Rugs tie a room together and make even the most uninviting spaces seem cozy. Unfortunately, they can be pricy, so don’t splurge on a new one until you’ve read how easy it is to make a rug of your own using easy-to-wash material.
Don’t overlook what the right window treatment can do to spruce up a space. I’m not talking about tacking up some color-coordinated dishtowels across the kitchen window, either. Depending on the size of your window, a nice set of curtains can run you as little as 10 bucks — less if you can find some you like at the thrift store.
Renter restoration: The great thing about upgrading your kitchen with rugs and towels is that you can just take them with you when you move out.
Lisa McGreevy is a staff writer at The Penny Hoarder. She so excited about her new refrigerator she practically hugs it every time she gets home.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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What Is the ‘Right’ Number of Credit Cards?
One of the most common credit-related questions I’m asked has to do with the “right” number of credit cards. And I’m clearly not alone. If you Google the question “What is the right number of credit cards?” you’ll find over 227 million results.
You will also undoubtedly find that a certain segment of the population will always decry credit cards as a source of problems which should be completely avoided. For these people, the perfect number of credit cards is probably zero. For the rest of us, the number is a real number with a real explanation rather than speculation.
For most people, the right number of credit cards equals however many cards they need to function efficiently. That could be one card, or 10 cards, and there’s really no basis for either end of the volume spectrum. No, the right number of cards is more of a credit score question than anything else. So, let’s back our way into this thing.
We all know that the optimal debt-to-credit limit, or “utilization” ratio, is below 10%. That would mean you’re well on your way to earning great FICO and VantageScore credit scores. So, in order to determine the right number of credit cards, you’ll have to know two things: your average aggregate monthly credit card balance across all of your cards, and the aggregate credit limit across all of your cards.
If your average aggregate monthly balance is $1,000 then you know you’ll need at least $10,000 in aggregate credit limits in order to maintain a debt-to-limit ratio of 10%. But even then, you’re cutting it too close. What if you charge much more than $1,000 in any given month? Your debt-to-limit ratio will spike, and your credit scores would suffer.
If, however, your average balance is a tiny percentage of your aggregate credit limit, then you’re done. You already have the perfect number of credit cards. Don’t close any of them and don’t open any more of them. If that number of cards happens to be three, or six, or nine, or whatever, it doesn’t matter. What matters is that your usage of credit cards has been completely declawed as a potential hazard to your score thanks to the limits on your cards.
For those of you who find that your debt-to-limit ratio is much higher because you either charge too much or you only have one or two cards with lower limits, or both, you need to do something — because your credit scores are suffering. You need to either charge less or open a few more cards so your aggregate credit limit figure dilutes your balance to the point that you’re almost always under 10%. Call it credit score insurance if you like.
And for those of you who are all “I don’t care what my score is,” I can assure you that pretty much everyone with whom you do any sort of financial business does care. Banks, credit unions, insurance companies, utility providers, landlords, cellular, cable, internet, satellite, credit card issuers… they all care and will charge you more or assess deposits if your scores aren’t good enough.
So the real question for you is, “Do you like to save money?” or “Does it bother you to pay too much for stuff?” If the answer is yes, then you should take this credit card issue seriously.
Before we part ways, I want to point out that in the entirety of this article, nowhere did it suggest you have any specific number of credit cards. Want to know why? Because there is no right or wrong number of cards, it’s all a matter of opinion and personal usage. The credit score exercise above quantifies the issue, which in my mind is a much better way to tackle it.
Related Articles:
- Will Getting Multiple Credit Cards Hurt My Credit Score?
- Three Credit-Boosting Ways to Tackle Credit Card Debt
- Revolving Credit vs. Installment Loans: Why the Type of Account Matters to Your Credit Score
- Five Perks of Having Good Credit
John Ulzheimer is an expert on credit reporting, credit scoring, and identity theft. He has written four books on the topic and has been interviewed and quoted thousands of times over the past 10 years. With time spent at Equifax and FICO, Ulzheimer is the only credit expert who actually comes from the credit industry. He has been an expert witness in over 230 credit related lawsuits and has been qualified to testify in both federal and state courts on the topic of consumer credit.
The post What Is the ‘Right’ Number of Credit Cards? appeared first on The Simple Dollar.
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Which One is For You? Here’s How to Sort Out All Those Student Loan Choices
It’s no secret that the cost of education has skyrocketed in America and continues to be a core issue with which politicians, educators, activists and students grapple.The College Board estimated that the average undergraduate college student spent nearly $50,000 on education during the 2016-2017 school year.
How are students paying for that? With student loans.
According to Student Loan Hero, recent reports indicate that 44.2 million American college students, past and present, are currently $1.44 trillion in debt collectively, due to the rising cost of education.
While we can advocate for change within and outside of the political system, we must play ball in the meantime — that means getting familiar with the types of student loans available to us so that we can make the best financial choices for our current and future situations.
Student loans fall into two major categories — federal and private. Each of those has its own set of subcategories. While federal loans are typically the better option for students (more on that in a bit), it is impossible for many to fund an entire college education with just federal loans. Thus, it is important to take some time to familiarize yourself with the various types of federal students loans while also considering private loans.
Federal Loans
For the sake of simplicity, there are two main types of federal student loans to consider: Stafford Loans and Perkins Loans. As of September 30th, 2017, the federal government will be ending the Perkins Loan program, making Stafford Loans the go-to student loan option.
You’ll also come across two types of PLUS Loans: Parent PLUS Loans and Grad PLUS Loans. Beyond that, you can consider consolidating your various types of student loans into one: a Direct Consolidation Loan.
Stafford Loans
If you’re planning to receive federal loan aid, this is the loan to know. Funding for these common student loans comes from the Federal Direct Student Loan Program (FDSLP) and can be offered as subsidized or unsubsidized.
The Short Version:
- Loans via the federal government
- Come in subsidized (government helps with interest payments) and unsubsidized (government doesn’t help)
- Reasonable interest rate
- Limit to how much you can borrow depends on your year in school
The Breakdown: Subsidized vs. Unsubsidized
Subsidized Stafford Loans afford you the ability to defer any interest payments until after you graduate. Instead, the federal government will pay the interest rates while you are in school at least halftime, as well as during the six-month grace period that follows graduation, (in theory, you would be spending that time looking for a job.)
Subsidized Stafford Loans are great for college students because it means less time spent working to pay for school and more time focusing on studying and writing papers. According to Debt.org, interest rates for subsidized Stafford Loans during the 2017-2018 school year will be roughly 3.76%.
Subsidized Stafford Loans are not for everyone, however. According to the Federal Student Aid Office, students must demonstrate a financial need when filling out the Free Application for Federal Student Aid (FAFSA) form; this typically means the family’s income is below $50,000, per Debt.org.
There are limits to the amount of money you can borrow via a subsidized Stafford Loan, and it largely depends on your family’s situation and your current year in school. The Federal Student Aid Office offers a helpful table that breaks down the credit limits for this loan, though please note your school may not actually grant this amount.
Unsubsidized Stafford Loans are easier to obtain, as you won’t need to prove any financial need. However, the federal government will not make payments on your interest while you are in school. You can still defer these payments until after graduation, but you will be responsible for the entire interest amount. For the 2017-2018 school year, the rate is still 3.76%.
Note: Stafford Loans are sometimes referred to as Direct Loans.
PLUS Loans
The Short Version:
- Two types: Parent and Grad
- Parents must apply for Parent PLUS
- Grad students can apply for Grad PLUS
- No borrowing cap
- High interest rates
The federal government offers PLUS loans to two sets of applicants: parents and grad students. Though grad students are eligible to apply for the latter without their parents, PLUS stands for Parent Loans for Undergraduate Students. To obtain a Parent PLUS Loan, your parent(s) or guardian(s) must apply.
What makes these different from the Stafford Loans and the dying Perkins Loans is that there is no cap on how much you can borrow. Stafford Loans do, however, come with higher interest rates; at the time of writing, the interest rate is 6.31%.
Direct Consolidation Loans
The Short Version:
- Combine multiple loan payments into one for convenience
- Could lengthen your payback timeframe and cost you more in interest over time
The final federal student loan type is the Direct Consolidation Loan. This loan, according to the Federal Student Aid Office, is a no-fee option to group your various loans into one single monthly payment — thereby consolidating your student loans into one.
Why would you need to do this? Because the government doesn’t make anything easy — that’s the short answer. The longer answer is that, though you may rely on the Stafford Loan every year, there’s a good chance that each year — or even each semester — that money is coming from a different lender.
For example, assume you are in school for four years at two semesters a year with a different lender for each semester. That means you’ll have eight different payments to make each month, presumably with several different due dates, just for your federal loans.
Direct Consolidation Loans make this less of a headache for you and also make it more difficult for you to miss a payment (since there’s only one to remember) and incur a late fee.
Beware: there are some downsides to consolidating your loan. Consolidating could very easily draw out the payback time on your loans, meaning you may end up paying more over time and you’ll have to deal with the looming fear of student loans for longer than you had planned.
Private Loans
The Short Version:
- Can cover whatever federal loans do not
- Require a good credit history
- May have high interest rates
Federal loans should usually be your first line of defense when grants and scholarships are not enough to fund your education. However, given that Stafford Loans have caps and PLUS Loans require parent participation and the rates can be too high, you might need to seek additional funding. That’s where private loans come in.
These loans are more like the personal loans you might take out with your lending institution. Given that most college students are in their late teens or early twenties, however, these can be challenging to get. You’ll need a cosigner and/or good credit to earn a private education loan.
With private education loans, there is a lot more left up to your unique situation. Interest rates could be fixed or variable and will depend on your credit history. You may also have to make payments while still in school.
Think of private education loans as a necessary evil — they’re not great, but they’re there if you need them.
Health Professions Student Loans
The Short Version: Health Professions Student Loans
- For students studying medicine in specific areas
- Based on financial need
Health Professions Student Loans are reserved for those studying in specific areas of medicine, according to the Health Resources and Services Administration. Degree areas that qualify for this type of loan include dentistry, optometry, pharmacy, podiatric and veterinary medicine. These loans are need-based and competitive.
Alternatively, students who are studying allopathic or osteopathic medicine can apply for Primary Care Loans, while students who are working toward their diploma, associate, baccalaureate or graduate degree in nursing can apply for Nursing Student Loans. These two loan types are also need-based and competitive.
Schools must participate in these loan programs for students to be eligible; before enrolling, make sure your school of choice will have these options available.
Given the current state of our country’s education system, student loans are necessary, though they are never ideal. If you have to take out money to fund your education, just remember that it is in the pursuit of higher knowledge — which can help you land a job to pay off those loans.
Timothy Moore is a proud graduate of Wright State University and now works as a full-time editor and freelancer in his free time. He lives with his partner and their two dogs in Nashville, Tennessee.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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