125: COVID-19 Bailout, SBA Loans PPP & EIDL, inDinero’s Jessica Mah
Release Date: 04/20/2020
Jet Setter Show
Jason welcomes Dilshod Jumaniyazov as they discuss the concept of halal investing, which aligns with Islamic rules and laws, and its potential appeal to non-Muslims interested in social, responsible, and ethical investing. They also explore the rules and principles of Islamic finance, including the concept of ‘halal’ or permissible sources of revenue, Islamic mortgages, and the compliance of companies like Apple with Islamic finance principles. Lastly, they touch on the importance of halal investing for non-Muslims, the differences between socially responsible investments and halal...
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Jason and Melissa Darnay discussed the benefits of Panama as a Plan B option for expat living and investment, highlighting its safety, stable economy, and tax abatement programs. They also explored the feasibility and benefits of investing in Panama, including the low cost of entry, easy residency process, and potential for high returns on investment. Lastly, they discuss the Residency by Investment program in Panama, which allows direct investment in specific projects and offers tax exemptions, and the potential of investing in a property management business. Follow Jason on...
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Jason welcomes Elena as they discuss Elena’s experiences during the privatization phase in Russia, including her role as an attorney in Samara City and Moscow, and the economic transition from the Soviet Union to a free market economy. They also explored the land use system in Soviet times, the privatization of land, and the process of exchanging land in the former Soviet Union. Lastly, they discussed the importance of private property rights, the dangers of communism, and Elena’s experiences in real estate management in the US. Follow Elena: Instagram @elenadclark and ...
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Megan Gorman, author of "All the President's Money," explores the financial habits of US presidents throughout history. Gorman, a financial advisor, tax attorney, and wealth manager, discusses the presidents' varying approaches to money management, from frugal to extravagant. She also explores the historical context of each president's financial decisions and draws parallels to modern-day financial challenges. The interview offers valuable insights into financial literacy and wealth building, emphasizing the importance of discipline, risk-taking, and long-term planning. #AllThePresidentsMoney...
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Jason welcomes Ivor Cummins, author of "Eat Rich, Live Long!", who transitioned from corporate problem-solving to investigating food supply corruption. He shared a conference stage with Jason Hartman, discussing elite class agendas. Cummins, a biochemical engineer, criticized the handling of COVID-19, comparing it to a severe flu. He believes media and pharmaceutical industries push biased information. Cummins also explores the World Economic Forum, linking its origins to Rockefeller influences and global control ambitions. He argues that climate change and pandemics are manipulated...
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Jason welcomes Gustavo Razzetti, author of "Remote, Not Distant," to discuss the future of remote work. Razzetti believes remote work is not a fad but a trend that will evolve, requiring a balance between remote and office work. Companies need to integrate employee interests with business goals, utilizing technology for better collaboration. The pandemic forced many into remote work, but now, the challenge is creating a hybrid model that works. While some companies push for a return to the office, others embrace hybrid setups. Razzetti highlights the need for flexible, purpose-driven office...
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Jason Hartman interviews Ezzedeen Soleiman, an expert on second citizenship options, particularly through investment or ancestry. Soleiman, from Latitude World, discusses how obtaining a second passport can provide mobility and freedom, especially in uncertain times. Programs in Europe, Asia, and the Caribbean offer different pathways, including real estate investments, donations, or business setups. Soleiman emphasizes the benefits of European Union citizenship for broader access and legacy planning. He also highlights the often-overlooked option of citizenship by ancestry, which can be a...
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Join us in welcoming Olivier Wagner, founder of 1040 Abroad, to the show. With increasing interest in Plan B options and international living, especially post-COVID, Olivier offers insights into becoming a global citizen. Discussion highlights include the trend of U.S. citizens renouncing their citizenship due to worldwide income tax obligations, enforced by FATCA and FBAR regulations. Olivier explains tax strategies like the Foreign Tax Credit and Foreign Earned Income Exclusion for expats. He also discusses Mexico as a favorable destination for expatriates due to its relaxed residency and...
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Jason Hartman talks with Franz Wisner, a reformed cubicle worker and the author of Honeymoon With My Brother, the true story of how Franz was left at the altar, then decided to take a two-year, 53-country honeymoon with his younger brother, Kurt. The best-selling memoir is currently being made into a movie by Sony Pictures. In addition, Franz has penned numerous articles and opinion pieces for The San Francisco Chronicle, Los Angeles Times, Redbook Magazine, and Coast Magazine, among others. He lives in Los Angeles with his wife, Tracy Middendorf Wisner, and their children/future backpackers,...
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Jason Hartman talks with About.com Budget Travel Journalist, Mark Kahler, on low cost travel to London, New York, Paris, Vienna, San Francisco and other expensive cities. Mark Kahler is an American journalist and writer with more than two decades of professional experience. Jason and Mark will also explore some innovative ways to get free upgrades from airlines, hotels and rental car agencies. Mark is an avid traveler who has visited all 48 contiguous U.S. states and 25 other countries around the world. He has traveled from the former Berlin Wall to the Great Wall of China to cover stories....
info_outlineBeware of the 'invisible tax,' inflation. Jason Hartman discusses inflation, poverty, and work-from-home lifestyle and advantages. In these challenging times, what professionals are able to stay optimistic? How are the elites transferring wealth?
In part II of today’s show, Jason interviews Jessica Mah, founder of inDinero. Tune in for pro-tips on loan approval for PPP & EIDL. How can you optimize your time with loan delays, and get ahead of the game? And, don’t forget to prep for the end-game of these loans, will they be forgiven? Follow the rules and we shall see.
Key Takeaways:
[3:15] There are two types of taxation that we are paying: 1) The tax that we see, income tax, sales tax, etc 2) The inflation tax, which destroys the purchasing power of our money
[7:30] People are being driven into poverty in this quarantine, making it very difficult for some to adjust to the work-from-home lifestyle
[13:30] “Tis the set of the sails, And not the gales, Which tell us the way to go.” -Ella Wheeler Wilcox
[16:00] How are the elites transferring wealth?
[19:30] Jessica Mah, founder of inDinero, helping entrepreneurs run better businesses
[20:50] PPP has run out? Only 6% of all applications have been approved by the SBA and funded.
[21:15] The SBA is saying the best option is to use the bank you are already with, although Jessica has seen more success getting a loan through smaller regional banks
[23:15] Have you seen success in getting loans with brokers?
[25:30] Every bank is accepting PPP & EIDL applications even though they’re both on hold due to running out of money
[26:45] How can you be successful at getting your slice of the bailout pie?
[18:30] Pro-Tips: Show your work; have an excel spreadsheet that shows how you came to your figures
[30:30] How difficult is the one-page application?
[31:00] The Magic Question, “What is all of the information you need from me in order for the bank to formally process my loan application and submit it to the SBA?”
[34:00] This loan could be forgiven if properly played out
[38:00] Encouraged to apply for PPP & EIDL, but PPP is the better of the two options for covering big payroll sheets
Websites:
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN