EPISODE 50 ~ TOP TIP: Multiple Brands of Stab-Lok Electric Breakers Pose A Fire Hazard

Millions of American homes were built with defective circuit breakers that pose a fire hazard. The problem with Federal Pacific Electric “Stab-Lok” type circuit breakers has been known for decades, but the CPSC never issued a recall.
Now it turns out that Stab-Lok breakers made by other brands could also be defective. Circuit breakers are supposed to trip —or shut off— when electrical wires are overloaded, so those wires don’t heat up and cause a fire. But in tests of the FPE Stab-Lok breakers, more than half of them failed to trip and tests of other brands have shown similar fail-to-trip problems
The original FPE breakers were installed in homes from 1960 to about 1985 and the successor brands are still being installed today. What to do? Take a look at your breaker box TODAY and if it says “Federal pacific” or “FPE” or Stab-Lok” on it, home inspectors recommend getting the entire breaker box replaced.
I have linked you to more information —and photos of Stab-Lok breaker boxes below.

My Washington Post story about Stab-Lok breaker defects: www.washingtonpost.com/lifestyle/home/despite-previous-safety-concerns-this-circuit-breaker-is-still-in-homes/2018/05/08/8927af86-4ef9-11e8-b725-92c89fe3ca4c_story.html?utm_term=.ee06dd6fedfe

Instructions and Photos for identifying FPE and Stab-Lok breakers:
inspectapedia.com/fpe/FPE_Stab_Lok_Identification.php

History of FPE Stab-Lok Breaker Problems by an independent researcher: www.fpe-info.org/Hazardous%20FPE%20171110.pdf

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EPISODE 50 ~ MAKE MORE: How To Make it —And Make Money— In A Creative Career

Are you a creative person, full of talent but also full of fear about becoming the stereotypical “starving artist?” I’m here to tell you that It IS possible to make it as a creative. That is our featured “make more” segment this time. My guest has made it as a creative despite some real-life challenges early in her career. In this episode I interviewed author, poet, selfcare and wellness consultant and fellow podcast host Alex Elle. Here are some of the questions I asked her. Alex’s insights can help YOU take your creative career to the next level income-wise.

I think people believe you have to focus on one thing career-wise. But you are thriving doing a long list of things. Do people have to choose?

Some of your books have traditional publishers and some are self published. Any advice for aspiring authors on which to choose and how to succeed at either?

Your other main focus is as a wellness and self care consultant. How did you get into that field and how do you make a living at it?

I know you didn’t set out to become a popular presence on Instagram. But you are. You’ve got nearly half a million followers. How did it happen and what do you try to do with this platform for yourself and your followers?

Links:
Guest: Alex Elle
Website: AlexElle.com
Instagram: www.instagram.com/alex_elle/
Blog: AnotherSunday.me
Podcast: districtproductive.com/hey-girl/

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EPISODE 50 ~ SAVE MORE: 529 Plans For K-12 Might Be A Way to Save 5 Figures!

Save more money with The Easy Money Show

If you send your children to private school, you can now use money saved in a 529 plan to pay their kindergarten through 12th grade tuition.
This new opportunity that came with the tax overhaul of late 2017 only applies to private schools. But yes, starting with the 2018 tax year, you can withdraw $10,000 per student per year to pay for primary or secondary education. Now, you shouldn’t withdraw from a 529 plan if that means you won’t have enough money for college. BUT, if you are financially secure enough to add EXTRA money to a 529, or even set up a new one JUST for K-12 expenses, then there is an opportunity to save a boatload of money in taxes.
To be clear, I’m not talking about the 32 states that offer tax deductions or credits for investing in a 529. That money only adds up to a couple hundred dollars a year at most. No, the real benefit of a 529 has to do with FEDERAL taxes. It’s like a Roth IRA for education in that the money in a 529 grows free of federal income tax.
Now that you can sock away money in a 529 for BOTH K-12 education AND college education, there’s a savings strategy called front-loading that you should know about. This one is for people with big cash reserves. If you have the money, it could be very lucrative to invest a couple hundred thousand dollars in a 529 plan now, so that it has as much time as possible to grow. Then you can withdraw $10,000 per child per year —free of federal income tax— to pay for private school tuition.
An online calculator shows that front loading like this could save a family more than $2,000 a year in federal taxes. Multiply that times the 13 years a child is in school for K-12 and that’s $30-thousand dollars in savings! You know me, I get excited any time there’s a chance for five-figure savings. And you would still have money left over after the 13 years to put toward your son or daughter’s college and maybe even grad school tuition.
Of course, you should consult a trusted financial advisor about your individual situation. You can also run your own numbers through a tuition calculator and I have linked you to a good one below.

529 Tuition Savings Calculator: www.savingforcollege.com/calculators/529-private-school-tuition-savings-calculator

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EPISODE 50 ~ FIND YOURS: Unclaimed Money: What Happened When One State Decided to KEEP Your Unclaimed Money

Find unclaimed money with The Easy Money Show

One state experimented with keeping people’s unclaimed money if they didn’t claim it in time. That state is Idaho, the Gem state, although most people probably think of it as the potato state. Yes, for quite a while, Idaho was the ONLY state in the country that had a law on the books stating that if citizens didn’t claim their lost accounts within a decade, the state got to keep the money.

Idaho receives nearly $20 million dollars a year worth of unclaimed money, and less than a quarter of rightful owners come forward to claim it, so you can see that the politicians were raking in the dough with this 10-year deadline.

That’s not very long to give people to claim what’s rightfully theirs, especially given that most people have never heard of unclaimed money…and some people have money waiting out there for them from their ancestors, so they’re even less likely to do a search.
Fortunately, in 2012, Idaho politicians felt the heat and changed the law. Today, just like the other 49 states and the District of Columbia, Idaho holds unclaimed money for its citizens forever. As it should be. The whole reason states started grabbing unclaimed money from businesses in the 1960s is because they argued that they would be better stewards of our money and keep it safe.

If you have ever lived or done business in Idaho, I will link you to the Idaho state treasurer’s website, where you can conduct a search. Yes, they changed the law, but I wouldn’t dilly dally. Idaho’s just one budget crisis away from writing a new law to snag YOUR unclaimed money.

Find unclaimed money in Idaho:
www.yourmoney.idaho.gov

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EPISODE 50 ~ GUEST BLOG: Creative Careers: You Don’t Have to Choose One Thing To Succeed

I’ve mentioned before that I wear a lot of creative hats, which I feel helped me hone in on what I am most passionate about–writing and plant-powered skin care. No matter what else I took on creatively, I always found myself back in the heart of written expression and mixing and making things with my hands. I knew that working a 9-5 was temporary. Leaving my job was all a matter of timing, savings, and fearlessness. 
When talking about entrepreneurship, I like to lead people away from the typical notion that we must do ONE THING, and one thing only.
Read more

Guest Contact: (List websites, social media handles, etc here. )
Website: AlexElle.com
Instagram: www.instagram.com/alex_elle/
Blog: AnotherSunday.me
Podcast: districtproductive.com/hey-girl/

Guest Bio:
Alexandra Elle is an author, wellness consultant, and creative living in the Washington, DC metro area with her husband and two daughters. In her pre-teen years, writing came into her life by way of therapy and the exploration of healing. Many years later, Alex’s voice and words are being shared poetically in the form of self-love. Her passion for storytelling, poetry, and narrative writing are infused with life lessons, self-celebration, and building community through literature & language. In addition, Alex also hosts the hey, girl. podcast, publishes photography & essays on her online journal Another Sunday, and teaches workshops centered around self-care across the United States.

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EPISODE 49 ~ TOP TIP: Curbstoning: Steer Clear of These Illegal, Unlicensed Used Car Dealers

Hello everybody, I’m Elisabeth Leamy. And instead of rambling, here is my Top Tip. Experts estimate 80-percent of the used cars sold by what look like individual owners are actually being sold by illegal, unlicensed dealers called “Curbstoners” because they sell cars from the curb. Some telltale signs;

Cars for sale by the side of the road or at shopping centers often belong to curbstoners.

If the seller insists on meeting you at a public place, proceed with caution.
If you see the same contact phone number listed for multiple cars, watch out.
Also be cautious if there are no license plates, they’re from out of state or they’re temporary tags.

And finally, be on the lookout for recently issued titles. Most individual owners would not be selling a car so soon.
The problem with curbstones vehicles is that often they are salvage, flood or even stolen vehicles. Now you know.

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EPISODE 49 ~ MAKE MORE: Wedding Officiant Could Be Your Next Side Hustle!

It’s wedding season as I record this and did you know you can make extra money performing weddings? Thanks to Refinery29 where I originally saw this “make more” idea. Think about it: this is a great option if you are good at public speaking, if you were a drama geek in high school, if you’re a romantic. Or if you look the part of the wise wedding officiant.

AND In many places, you do not have to be a minister or a judge to be a wedding officiant.

One option is to get ordained online as an officiant or a celebrant. The latter is a bit higher, more involved level. This can be a low or no cost process. Just google it and lots of options pop up. Then be sure to cross reference these online certifications with the state where you want to perform weddings to make sure everything is in order legally. A handful of states do not recognize online ordination.

Another possibility, in some places, like California and the District of Columbia —the cool place where I grew up and the cool place where I now live— is to pay $25 to $35 to the state for permission to perform weddings for a single day. If you did multiple weddings a day —or expensive weddings— this fee could be worth it. However you make it official, it’s important that you’ve dotted i’s and crossed t’s because if the marriage isn’t legal, the couple’s home ownership, health insurance and even future possible divorce could all hang in the balance. EEK!

People who have tried performing weddings quickly wised up to additional services you can add that are helpful to the couple and money-makers for you.
•If you meet with the couple and/or their family to plan the ceremony, you can charge for your time.
*The more you personalize or customize the ceremony for them, you can charge for upgrades that take additional prep time on your part.
•You can provide marital advice, just like a minister often does. If you’ve been married a long time yourself OR if you’re a good researcher, you can come up with legitimate, well-founded words of wisdom to share.
•You can also give guidance or even help write people’s personalized wedding vows. OR at least help them choose among the standard vows that are out there.
•Another service that comes to mind: helping couples find great, meaningful readings for their wedding. There are so many bad or overdone ones out there.
•You can also charge for travel time and mileage, if you have to go to a remote wedding location.

So, what kind of money can you make performing wedding ceremonies? Wedding officiants I researched made between $300 and $500 per basic ceremony, If you do 2 weddings a weekend, that’s as much as $4000 a month, $50,000 a year. Plus
additional fees for the add-ons I mentioned. Not bad for a “workplace” where everybody’s in a good mood!

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EPISODE 49 ~ SAVE MORE: Resale Clothing: A Way To Dress Well Without Ever Spending Money on Clothes Again!

Save more money with The Easy Money Show

What if you could get all of the beautiful clothes you could ever want for low or NO cost? That is our featured “save more” segment of this podcast. My guest says she has not purchased a new piece of clothing in 20 years and yet she’s a well-dressed woman. Please welcome Kate Bryer to Easy Money. Hi Kate!

Kate, tell us about your real job, first, so people can get a feel for what you’re all about.
I am the Associate Artistic Director at Imagination Stage, a children’s theater in Bethesda, MD.  I have been at Imagination stage for 20 plus years and I run the professional theatre aspect of the organization.  I direct two shows a year with professional actors performing for children.  In addition, I hire all the designers, help to pick the season and work with a casting director to cast all the shows.  

So you’re a creative type and you’ve gotten creative about how you buy clothes.  Explain what you do.
My big thing is actually thrift stores and ebay—i love buying clothes so need to get rid of a lot and do so on ebay.  I dont make a lot of money but enough to play and keep my clothes hobby going.  And i dont think i have bought a new piece of clothing in 20 years.  Every piece of clothing i own is thrift store or ebay bought!

In fact, you say you spend little or no money on clothes at all.  How can that be?
I am a major penny pincher. Always have been always will be. I sell clothes in order to buy more clothes, so that the money coming in and going out are similar.  I love finding treasures at thrift stores and rummage sales.  Well made beautiful things and clothing are an addiction.  I have been told I have a good eye— I know good quality when I see it.  

The other benefit is that your home doesn’t get too cluttered, right?  Since you’re always selling things to buy something new?
Well, not sure my husband would agree…I have a lot of stuff— clothes in particular.  But I try to keep it organized and in places that are not the public areas of my home.  Sometimes it can take a while for something to sell— that is the down side because it means you have to have space to organize and store things until they sell.  I do occasionally take things to a local consignment shop where they will buy clothing and give you 50% of what they can sell it for.  They give you cash right there and it’s good because then you are not having to store these things and wait until they sell.  

Ah, so it sounds like you buy some extra clothes to sell as a little side hustle rather than just buying clothes for yourself? Is that worthwhile?

Let’s provide a visual for people.  What is your style and what brands or designers do you like these days?
Brand and designer  names sell best on eBay.  It is very hard to sell something if it does not have a label.  So, things like designer hand bags (coach, Kate spade, Brighton, , etc) do well.   Basic stores like Ann Taylor, Banana republic, j crew, north face, Patagonia, REI, GAP , Ugg, lulu lemon, do well though there is not a huge profit.  Remember you pay 20% in eBay and PayPal fees every time you sell something.  Plus people have to pay for shipping so the customer may be getting a good deal but shipping adds to their cost.  I like selling clothing best because it is easy and cheap to ship—I buy polyurethane bags on eBay and can mail 1st class (under 13 oz) for about $4

You spend next to nothing on clothes, and yet, would you say you’re a stylish person?
Yes, stylish but comfortable.  I am not really into super high end designer clothing myself because I just don’t feel comfortable dressing clothes that are thousands of dollars—but I love finding something from Anthropologie for $3.  I would NEVER shop in that store— even on sale their clothes are ridiculously expensive.

Can you give me a couple examples of your best buys of all time?!
I bought a beautiful vintage Missoni sweater dress at a rummage sale for $5 that I wore a couple of times and then sold because I didn’t like the way it looked on me.  It sold for $400

And, how about selling.  Any major coups where you made good money?
I recently sold a petit point evening bag for $250 that seemed a complete fluke!  I didn’t know that much about it cause it was vintage and had no label but I put it up for sale and it just kept climbing and climbing in bids.  BTW, the eBay app will often give you a recommendation for a price to start at when you put all the info in the listing.  It doesn’t do that for vintage stuff so you have to do a bit o researching by looking on eBay to see similar things are up for sale

eBay is one of your stores of choice.  What are the best and worst parts of shopping for clothes on eBay?
I think that the worst part is that you have to make  sure you are not being cheated.  There are a lot of sellers there trying to take advantage of others so you have to be vigililant, Read seller reviews and don’t bid on offers that look suspicious.  Remember— if it looks too good to be true, it is. Also I don’t buy anything that lists as originating from China.   First of all, shipping time is ridiculous and second, these are often sellers who might be frauds.  eBay does have a protection policy and if anything does go wrong, you can call them and they will most likely rule in y our favor and give your money back 
The best thing about shopping in eBay is that I will often decide I want something ( I see it in a store or a friend has it) and if I know exactly the size, color, brand name, etc, I can find it on eBay for  a fraction of what it costs in the store.   And I can just go on line,  buy it and have it within a couple of days.  I love that.

You said you also frequent Thrift stores.  Are you methodical about it in order to find the gems?  Or do you just go when you can?
I am not methodical but I do go 2-3days a week.  And I love rummage sales because I can get a lot and I am giving to charity at the same time.  I also organize clothing swaps .   We have instituted one at imagination stage that happens now twice a year, in fall and in spring.  We all bring in clothes and accessories we don’t want and everyone can take what they want.  We each bring snack and drink and have a little happy hour getting a “new” wardrobe.   Whatever is left at the end gets bagged up and brought to the local thrift store.   It takes a bit of organizing and people pitching in to help but it is fun and a good way for people to clean out their closets

What do you say to the people who are uncomfortable with the idea of buying and wearing used clothing.  You know they’re out there!
Sometimes I find clothes that have tags ( more often than you might think) but usually I just wash them before wearing and don’t have any issue.   I inspect clothing closely before buying but sometimes I will buy something that has a tear or a button missing and I will repair.  I just bought a Marc Jacobs trench coat for $6 moved some button around and resold it for $25.  I disclosed in my description that I had moved buttons— very important that if you sell something that is not perfect that you point out all flaws!

Give my listeners some tricks and tips for selling clothes for the most possible money.
Look for clothes that have brand names and are in good shape.  try to sell things in season.  Be honest and up front always with any flaws in what you are selling.  Treat others as you would want to be treated.  You want a really good deal on really high quality well cared for clothing— make sure you do that for others.

And, now let’s flip that over.  Can you give me some tips and tricks for BUYING great clothes for as little money as possible?
Look for sellers who are just people selling things and avoid buying from companies.   Read listing carefully and read reviews of who you are buying from.  Know what you are getting. I avoid buying high end computers, electronics or jewelry because it is too risky that something might be a fraud, Broken or not last.

In episode 26 I interviewed a consignment shop owner and now I’m so glad to have heard from a consignment and thrift shop customer.  Kate Bryer, master of fashion-for-free or nearly free, thanks so much for being my guest on Easy Money!

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EPISODE 49 ~ FIND YOURS: Roundup Class Action Could Be Worth $1,000+ To You

Find unclaimed money with The Easy Money Show

For our find yours topic for today, let’s talk about a lucrative class action settlement involving a garden product.

[MUSIC: Fade music]

The product is Roundup Weed & Grass Killer Concentrate Plus or Roundup Weed & Grass Killer Super. The lawsuit alleged that Monsanto advertised that these concentrated products could create far more spray than they actually could. Monsanto didn’t admit fault, but did agree to pay consumers a total of 21 and a half million dollars!

Here’s how you qualify:
•You must have purchased the products for personal or household use.
•The bottles must have had a label on them that said “makes up to XX gallons.” The number of gallons varied based on the size of the product, but the important thing is that that claim is on there, near the top of the bottle.
In California purchases made on or after October 13th 2012 are eligible.
In other states the eligible dates are after April 5th of 2012, 12, 14 15 or 16. Sounds weird but it’s based on each state’s statute of limitations.
Now here’s where it gets interesting and why I thought this was worth including as this week’s Find Yours segment: the payouts are pretty big! You will get between $11 and $53 for each bottle you purchased! And you can make claims for up to 20 bottles!

Just go to EasyMoneyShow.com/49 and I will link you to the websites you need in order to get even more nitty gritty info on this big settlement.

Links:
Top Class Actions Website explains Roundup Settlement: topclassactions.com/lawsuit-settlements/closed-settlements/830927-roundup-concentrate-class-action-settlement/

The actual website of the Roundup class action:
www.roundupconcentratesettlement.com/Index

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