jlink
Tuesday, September 19, 2017

Business Spotlight

“Ain’t Gonna Work on Saturday”

It is so hard to find a good, honest mechanic. While most of us know nothing about car repair, we all have our personal intuition and usually pick our car mechanic based on how much our car repair should cost, how long it should take, and how the service was.

Years ago, before I started using Eli’s Auto, I felt that my mechanic would fix one thing and break

What is the True Cost of a “Really Bad Financial Decision?”

A press release for a report from the Consumer Federation of America announced that 67% of middle class Americans acknowledged making a “really bad financial decision,” one that resulted in an average loss of $23,000. “Middle class” was defined as households with an annual income between $30,000 and $100,000. By comparison, 61% of upper income

Best Glatt Delivers Quality, Service and Advice

Teaneck—Ten years ago, Anat and Meir Best walked down Teaneck’s Cedar Lane and saw more than stores, people and traffic: they saw an opportunity. “It was 2004, and Meir was between jobs,” Anat told JLBC. “I realized there was a need for a place that would specialize in high quality fresh meat and give customers personal service. And I

Value of Life Insurance as Property

A true story, which occurred more than a century ago:

John C. Burchard was the owner of a life insurance policy on himself. Burchard had made two premium payments on the policy, but was under financial duress and currently late on the third payment. Burchard also needed a surgical operation, but had no money for the procedure.

In an effort to solve both

Student Loans – Reduce Monthly payments and Discharge Debts

In a recent JLBC article we discussed the benefits of the Income Based Repayment(IBR) and Pay as you Earn (PAYE) programs, which help you reduce monthly student loan payments to as little as zero per month. We hope you are now enjoying the hundreds of dollars per month that you were able to save through the program. However, as we did note previously, these payments

The Story of Evergreen Insurance & Risk Management

Rockland County, NY – Izzy Green grew up in the Hasidic community of Rockland County, NY, where he received very little business education. Despite his lack in education, his entrepreneurial nature made him wander into the business world at a very young age. As Mr. Green always says, “Blaming your poor education won’t get

How Whisky Fits In

Whisky retailers lamented when WhiskyFest, an enormous tasting event, was changed from a weekday to a Friday-Saturday event because it meant losing out on a huge part of their market.

Whisky Jewbilee started two years ago in response to the new deficit in tasting events for orthodox Jews. Within just a few weeks, Jewish Whisky Company assembled 32

Low Down Payment Options for Your Home Purchase

It’s a tease. Interest rates are low. Home prices are reasonable. You keep hearing it’s a great time to buy a house. If only the student loans and all your other bills weren’t keeping you from that hefty down payment.

Well fortunately, it’s not as simple as that. It never is. Although most people never even hear of them, there are programs out there

Retirement Planning Diseases: Do You Have These Symptoms?

In 2006, Dr. Gregory Salsbury authored a book titled But What If I Live? The American Retirement Crisis, which identified seven key challenges to the retirement dreams of Americans. These challenges were a combination of fiscal events and social behaviors that Salsbury felt were coming together to create a “‘perfect storm’ for a generation of under-saved

Time To Get “Totally Organized!”

Bergen County—The idea hit two local women, June Aranoff and Rita Cutler, like a bolt of lightning as they talked one afternoon.

June and Rita are Machetunim (Yiddish word for in-laws), and while discussing myriad subjects, including the harried and often overloaded schedules our children currently keep, the inability of young families to

Why You Should Take an Interest in Passive Income

From a financial perspective, the heart of retirement planning is providing passive income. Passive income is income that is not derived from one’s labor. Instead of working to make a living, in retirement an individual’s accumulated assets become the source of income.

In the personal financial services arena, a default source of passive income for

There’s No Such Thing as a Free Lunch

You may have seen advertisements about banks and mortgage brokers offering no-fee loans. The ad promises no closing costs. Sounds good, maybe too good….

The reality is a no-fee loan doesn’t make a whole lot of sense. There are costs that need to be accounted for. First off, you need an appraisal, a process done by an independent appraiser. Then there are