Money and Change: The $1,500 Taco Salad and Surviving a Furlough
Manage episode 516315366 series 3673818
Disclaimer: Nothing in this show should be considered legal, medical, financial, or investment advice. Information presented is from Internet or other news sources. Always do your own research and due diligence. We're not responsible for and expressly disclaim all liability for damages of any kind arising out of use, reference to or reliance on any information contained in this broadcast.
Host Stu is back after a week off, and he has a costly lesson to share. Find out how a single "new taco salad" led to a severe case of food poisoning, a missed Ohio University homecoming, and a $1,500 loss in non-refundable lodging and tickets.
After sharing his painful "community service announcement," Stu uses the experience to launch into a look at the massive economic impact of college events before diving into the week's biggest financial news. He covers Jim Rickards' "fringe theories" on a U.S. debt default through inflation, the grim economic prospects for Gen Z, and critical advice on how to financially survive a job furlough.
In this episode, you'll hear about:
IRS 1099-K Update: Great news for casual sellers—the IRS has officially reinstated the $20,000 / 200 transaction threshold, reversing the planned $600 limit.
Surviving a Job Furlough: What's the difference between a furlough and a layoff? Stu provides essential steps to take, from applying for unemployment to creating a lean budget and alerting creditors.
The Gen Z Economy: A grim look at the uphill battle for young people, with housing costs up 120% and education up 133% over the last two decades.
Debt & Default: A breakdown of Jim Rickards' theories on how the U.S. might default on its debt, not through collapse, but through planned inflation.
Plus, get all the updates on new shows coming to the Trim Radio Network, and learn why Stu was talked into getting a GMRS radio license.
26 episodes