follow us!

LISTEN TO BOOMTOWN RADIO!

“ALL the Music That Matters for the Generation That Created Rock 'n' Roll”

Listen while you surf!

 

Need Quick Cash?

While most of us live on a budget, there are those emergencies that require cash quickly.

Here are a few ways to raise extra money in a hurry:

Sell Your Old Stuff: Not only can you get extra dough, you're also reducing clutter. Most of us know about Craigslist, but there are also new mobile apps that allow you to list what you want to sell for free. Those include LetGo and OfferUp.

Join a Focus Group: Helping market researchers by participating in a focus group can put $50 to $250 in your pocket for up to two hours of your time. To be considered for a focus group, check online for companies like Schlesinger Associates or Fieldwork.

Access Your Life Insurance: Many life insurance policies has investment components that lets you borrow or withdraw cash. But make sure you check with your financial advisor because policies differ. Some may require you to repay the money at a later date and withdrawing money from others may lower that policy's death benefit.

Managing Your Money Manager

A few years back, the Department of Labor issued new rules to help protect consumers from money managers who were acting in their own best interest first and your interests second.

Now those rules may be repealed. Here are the steps you should take with anyone to whom you’ve entrusted your money:

  1. Ask that person to state in writing that they will act as a fiduciary at all times. The term “fiduciary” is a legal one. It means, under penalty of law, the fiduciary must always put your interests before any other in their financial dealings.

Just because someone calls themselves a “financial advisor” or “wealth manager,” it doesn’t mean they are legally a fiduciary. Often, the people will place your money into funds that pay them a higher commission or a bonus. It’s good for the advisor’s bank account, but my not be good for yours.

  1. Always ask your advisor to provide you with all of the costs and fees associated with any given investment. And again, make them do this in writing. What you want is a good faith estimate of what you’ll wind up paying in direct fees or sales commission.
  2. If you can find one, choosing an advisor who simply charges a flat fee may be preferable. Of course, always consult with your lawyer or other financial professional before taking any steps. And be advised that advisors who charge a flat fee or set percentage of the assets they will be managing can be more expansive that paying those direct fees and/or sales commissions. But the idea here is that a flat fee advisor has no financial interest in recommending one investment over another, besides helping you to get the best return so they will remain your advisor.

Stop Annoying Phone Solicitations

Just a reminder that yu can register your smart phone as well as your land line (if you still have a land line) on the National Do Not Call registry.

There are 2 ways to do this:

1.) Visit donotcall.gov

2/) Call 888-382-1222

Keep in mind that it takes 31 days from the day you register for your registration to become effective and that charities and political groups are still legally allowed to contact you.

Unsafe Deposit Boxes?

Think that collection of rare coins or the family jewels are safe in a safe deposit box? Maybe not.

More than 50,000 of them have suffered losses due to burglary, fire, floods and tornadoes!

Fortunately, there are specialty insurers that will cover the contents of safe deposit boxes. Do a little research online and see if one might be right for you.

Wheel Savings

Looking to get a new car?

Believe it or not, the smartest move might be to buy used!

Why? Because of leasing. So many American now lease their cars. Most of those leases are up in 3 years. Plus, leases penalize drivers who go over 10,000 miles a year. The result is an abundance of late model cars with relatively low mileage.

The vehicle information website Edmunds.com estimates that used car prices for cars 3 years old or newer are actually coming down! You’ll find the best deals on subcompact, compact and mid-size cars. In addition, many car dealers now offer extended warranties, some up to 100,000 miles.

If you’re in the market for wheels, remember, you’re in the driver’s seat!

"I'm not a doctor, but I play one on TV" was first said in a commercial for what product?

Vicks Formula 44
O'RyanCordes Marketing