Money Making Sense

Beneficial Ownership Information, or BOI, is meant to put a stop to money laundering.  However, it's estimated that 36 Million small business entities in the U.S. are required to file paperwork to register their companies with FINCEN -- or pay $591 A DAY if you miss the filing deadline. Guests Brett Jensen , a Partner with Haynie & Company and Susan Speirs , the CEO of Utah Association of...

Currently, shelters across the U.S. are overcrowded with dogs.  But Holly Sizemore , the Chief Mission Officer for Best Friends Animal Society , says they are about to get inundated with cats and kittens as well. Now is the time to spay and neuter both indoor and all outdoor cats as females are currently in heat and will start producing offspring within the next couple of months.  There...

Be thoughtful about the money you DO have.  That's from Justin Janowski , coach and founder of Faith2Influence .  He says the beliefs you hold about money -- good or bad -- can influence the amount of wealth you attain. Justin says 50% of the world exists on only $2.00 a day.  That means, the other 50% of the population has more money than we may we think we do.  The stories we...

People need to rethink what a "starter home" looks like.  That's from David Damschen , CEO of Utah Housing Corporation .  The Vice-President of Financial Services for UT Housing Corp, Ariane Gibson says there are several programs available to help pay for rent or a mortgage, but agrees, rethinking the size of your home is important. Susan Speirs , the CEO of Utah Association of CPA s, sa...

Americans are now carrying a record amount of credit card debt more than One-TRILLION dollars.  Lou Scatigna , The Financial Physician , says it's time we think about our finances they way we should about nutrition.   Lou also says women are better with money than men as a general rule -- and it's important that both people in a relationship have an equal understanding of their fina...

Many companies around the world are changing where they put their own money based on  Environment, Social and Governance rules.  Marlo Oaks , the Utah State Treasurer, says this is the downfall of Capitalism.  He says when corporations are required to change how they do business, it ties their hands from making even more money. Guest host Andy Farnsworth from The Movie Show , and Su...

Rule number one -- be accountable for your decisions, both financially and personally.  That's from the author of Prepping for Success , Anmol Singh .  He says when you learn to stick to your word, wealth of all sorts will follow you. Anmol is also a stock market trader and discusses how to get control of your emotions when the markets are going up and down. You can follow this show on&n...

Are you a spender or a saver?  Amanda Sharratt , the chief operating officer with Whitaker Myers Wealth Managers , says you can create the muscle for saving -- like she had to do as a spender. Amanda says staying out of debt, especially during the holidays, starts with having a plan ahead of time of how much you can spend within your budget.  A good tip is to sell older items so you have...

There are multiple ways to pay for higher education that don't include going into debt.  Geoffrey Thomas Landward, the interim Commissioner for Utah System of Higher Education , says the " Keys to Success " app can show you how.  He also discusses the Pell Grant, the Opportunity and Promose scholarships which are FREE. Susan Speirs, the CEO of Utah Association of CPAs , also gets in on t...

From shipping scams to people trying to get you to pay for things with gift cards, fraudsters are coming after your money in droves.  Roberta (Bobbi) Tonelli , an attorney with the Federal Trade Commission , says it's important to learn how to spot a scam and then report them at:   ReportFraud.ftc.com You can learn more about various scams at FTC.gov/consumeralerts . You can follow this...

You can give as much money as you want to a charity.  However, Wade Watkins a CPA and Partner at Squire , says only approved organizations qualify as deductions on your taxes.  Susan Speirs , the CEO of Utah Association of CPA s also has tips on making sure you send your money where you want it to go.  And they both discuss the differences in cash vs non-cash donations. You can foll...

"The stock market is a grocery store for shares of corporate ownership.  But it is restricted and requires a broker to shop."  That's from Dan Calandro , a financial scientist.  He says, contrary to popular teachings, you should NOT be fully invested and that only 15 different stocks are enough to out-perform the market. Find out when Dan says is the best time to buy and sell and wh...

More than 20 million people have stopped giving money to charities over the last two decades because of lack of trust.  Thomas Tighe , the President and CEO of Direct Relief says there are websites you can use to find out if where you want to give is legit. CharityNavigator.org and CharityWatch.org are two such sites.  However, if you can't give money due to lack of funds this year, Tigh...

This holiday season is slated to be the busiest ever for airports and airlines.  Nicole Carriere , consumer travel expert with United Airlines , says planning ahead is your best bet to not get stressed.  She says allow extra time for parking and getting through security. Carrier says for Thanksgiving, the day before (Wednesday) is still the busiest for airlines.  But since the pande...

Hiring an attorney for an injury claim typically gets you 3-times more money in compensation than without a lawyer.  Jon Groth , a victim advocate attorney, says there are financial changes you can make before a problem arises to help you through unexpected accidents. Injuries aren't always due to car crash or fall in a restaurant.  Groth says vaccine injuries are a big part of his pract...

Should people rethink the most common advice typically given by financial planners? Advisor and author, Derek Mazzarella discusses several ways to invest for retirement not usually considered.  You can get more info from his book " Just Retire Already: An Unconventional Retirement Guide ." Tip #1 -- File a "Life Change" with the IRS when you retire or have big changes in your life, like disab...

A new documentary " Shot in the Arm " discusses the myths and facts about vaccines.  Academy award nominated producer and director, Scott Hamilton Kennedy, along with executive producer (and astro-physicist) Neil deGrasse Tyson , bring the film to life. The film explores the money behind the anti-vaccine movement along with big pharma.  Learn why director Scott Kennedy says "anti-vaxxers...

Plan on getting a minimum of 10 death certificates to deal with all the financial accounts (investments, insurance, savings, etc.) of your loved one.  That's from Brad Barrett, partner and managing director at One Capital Management who also says it's extremely important to speak with your loved one's estate planner attorney and/or Power of Attorney to make sure everyone is on the same page....

The average household has $10,000 dollars in credit card debt, which totals over 1-TRILLION dollars nationwide.  Susan Speirs , the CEO of Utah Association of CPA s, discusses ways you can slow the amount of debt you are charging. HACK #1:  Change the way you think about spending. You can follow this show on  Instagram  and on  Facebook . And to see what Heather does when...

If you are in or past menopause, you may have bleeding gums, increased tooth sensitivity and dry mouth.  Sarah Chavarria , president of Delta Dental of California , says women need to speak to their dentists about their symptoms sooner, rather than later. You can get more info about aging, menopause and oral health  here . You can follow this show on  Instagram  and on  Fa...

It's not what you do FOR your paycheck, it's what you do WITH it.  That's from Sharon Lechter , CPA and author of " How Money Works for Women: Take Control or Lose It ."  She says it's important to make financial decisions with your brain, and not your heart. Sharon and Heather also discuss how 99% of domestic abuse involves financial abuse and the importance of NOT having everything in...

Impersonator scams are on the rise.  Kerry O'Brien , Regional Director of the Federal Trade Commission's Western Region , says more and more people are losing money to scammers who pretend to be from your bank, Amazon, or web protection services. Kerry says do NOT click on any hyperlink sent to you via text or email.  You can learn how to identify scams at Consumer. FTC.gov .  And i...

The finance office of car dealerships make the most money off you when selling vehicles.  Kevin Hunter , a consumer advisor in the car industry, says they are trained to throw on thousands of dollars of junk fees -- like window etching and destination costs -- when typing out your contract. Don't fall for the lies many salespeople and finance officers try to get away with the next time you ne...

Studies show buying habits begin much younger than we think -- as young as 8 or 9 years of age. However, most parents and school teachers don't have a basic grasp on money matters to teach it to kids.  Vince Shorb , CEO of National Financial Educators Council , says even states which require financial literacy in the schools are failing to meet minimum education standards. Shorb says Financial Lit...

Not every state in the U-S gives the same tax credits for military personnel.  How do you know which state to file taxes in when you are transferred during the calendar year?  And how is deployment income taxed? Tackling these, and many other questions are Susan Speirs , CEO of Utah Association of CPA s; Derek Nelson - tax examiner manager & Steve Carlow - outreach training coordinator, both w...