I had a nice chat with Win Damon of WNBP and Ron April, my realtor and Remax agent in the Newburyport area. The combination of low rates and low inventory has sparked a frenzy in many local areas as well as regions around the country. This is also reflective of a market where people are more confident to buy than they were 5 years ago.
Ron and I discuss the market here in Newburyport, as well as Amesbury and Salisbury. Each community has its own niches for price and appear to be well on the mend. Click below for our brief podcast.
Stuart Steinberg of Eaglerock Financial, Inc. has worked with families for more than 20 years, helping them work toward their financial goals through a holistic, well rounded approach rooted in objectivity, education, and empowerment. Stu is highly regarded by clients and colleagues for his unique combination of investment, CPA and entrepreneurial experience in the high net worth market.
There are so many stories of famous athletes and entertainers who go bankrupt that we could go on all day long. Here are just a few that I have come across in my research of the topic.
It is simply a shame that these folks could not get out of their own way to take care of their finances. It is combination of so many different things that has lead them to the world of being broke. Poor advice from advisors is the main culprit, and although I can’t guarantee a rate of return, I can honestly say that stuff like this does not happen to my clients on my watch. Many have several cars, or 109 bedroom homes, or several kids from various women that they now are having trouble supporting.
Take a quick listen as Win Damon and I chat up this subject up WNBP.com radio 106.1 FM in Newburyport. I visit with Win every Tuesday morning at 8:30 and I just couldn’t pass this topic up! Besides, you don’t want me to talk about financial tips every week right?
Stuart Steinberg of Eaglerock Financial, Inc. has worked with families for more than 20 years, helping them work toward their financial goals through a holistic, well rounded approach rooted in objectivity, education, and empowerment. Stu is highly regarded by clients and colleagues for his unique combination of investment, CPA and entrepreneurial experience in the high net worth market.
I really enjoy my Tuesday morning radio spots on WNBP FM 106.1 in Newburyport and wnbp.com. Every Tuesday at 8:30 I am live with morning guy Win Damon and we are always talking about the relevant financial and tax topics of the day.
Last Tuesday General manager Pete Falconi joined in the fun and we played a little tax game show called “Deductible or Not.” Pete, Win, and I had fun and we hope to do more of this in the future. Give a listen as Monty Hall Steinberg asks some crazy “tax deductible or not” questions.
So please tune in to Newburyport’s own FM radio station at 106.1 FM on your radio dial. You can also stream the station live at wnbp.com!
Stuart Steinberg of Eaglerock Financial, Inc. has worked with families for more than 20 years, helping them work toward their financial goals through a holistic, well rounded approach rooted in objectivity, education, and empowerment. Stu is highly regarded by clients and colleagues for his unique combination of investment, CPA and entrepreneurial experience in the high net worth market.
Welcome to the Newburyport Entrepreneur – CPA on the Street. In this series I travel around town and visit with other entrepreneurs and small business owners to find out if they love Newburyport as much as I do! The goal of the series is to provide educational and fun information directly from the business owners themselves.
The North Shore Language Center is the creation of mom entrepreneurs Mariana Lynch and Jennifer Mccormick. The Newburyport, Massachusetts pair wanted a place for children and adults of all ages to learn languages from vibrant, bilingual instructors. The center fills a real need in the area and obviously in the global world in which we live, learning a 2nd or even a 3rd language is an incredible asset!
With more than 23 years of experience as a credentialed tax professional, Stu Steinberg, CPA, MBA brings a broad depth of knowledge to his work. He has worked with small business entrepreneurs for many years helping them plan their businesses more effectively. He can be reached at stu@eaglerockfinancial.net or 978-864-9581 anytime.
Welcome to the Newburyport Entrepreneur – CPA on the Street. In this series I travel around town and visit with other entrepreneurs and small business owners to find out if they love Newburyport as much as I do! The goal of the series is to provide educational and fun information directly from the business owners themselves.
Dr. Daryl founded Colden Seymour, ear nose throat and allergy experts located in Newburyport, Haverhill, and North Andover. His local office at Anna Jaques is new and modern and very welcoming. While touring the office, Daryl educated me on the many common medical issues that all our families are exposed to on a daily basis. It was great to meet some of his friendly staff along the way too!
With more than 23 years of experience as a credentialed tax professional, Stu Steinberg, CPA, MBA brings a broad depth of knowledge to his work. He has worked with small business entrepreneurs for many years helping them plan their businesses more effectively. He can be reached at stu@eaglerockfinancial.net or 978-864-9581 anytime.
Welcome to the Newburyport Entrepreneur – CPA on the Street. In this series I travel around town and visit with other entrepreneurs and small business owners to find out if they love Newburyport as much as I do! The goal of the series is to provide educational and fun information directly from the business owners themselves.
One of my favorite spots in town is Revitalive, the Raw foods cafe in the Tannery. I love trying all the healthy options and really enjoy learning from Anna about the various items they sell, like hemp seeds! I use hemp seeds or hemp protein in my smoothies! Check out my quick chat with Anna!
With more than 23 years of experience as a credentialed tax professional, Stu Steinberg, CPA, MBA brings a broad depth of knowledge to his work. He has worked with small business entrepreneurs for many years helping them plan their businesses more effectively. He can be reached at stu@eaglerockfinancial.net or 978-864-9581 anytime.
Welcome to the Newburyport Entrepreneur – CPA on the Street. In this series I travel around town and visit with other entrepreneurs and small business owners to find out if they love Newburyport as much as I do! The goal of the series is to provide educational and fun information directly from the business owners themselves.
John Malone has known for a while that the traditional school fund raising methods like bake sales and going door to door just do not work any more. GenerateForSchools helps local businesses lower credit card fees and re-direct the processing commissions into school budgets. This program is an automated solution that provides unrestricted and recurring revenue to schools, and eliminates the constant struggle associated with event-based fundraising.
GenerateForSchools will change the way you think about fundraising. Check out their website www.generateforschools.com and start using your charge cards locally!
With more than 23 years of experience as a credentialed tax professional, Stu Steinberg, CPA, MBA brings a broad depth of knowledge to his work. He has worked with small business entrepreneurs for many years helping them plan their businesses more effectively. He can be reached at stu@eaglerockfinancial.net or 978-864-9581 anytime.
Welcome to the Newburyport Entrepreneur – CPA on the Street. In this series I travel around town and visit with other entrepreneurs and small business owners to find out if they love Newburyport as much as I do! The goal of the series is to provide educational and fun information directly from the business owners themselves.
I enjoyed chatting with Gavin Johnston of Stone Farm Living. Gavin established Stone Farm (http://www.stonefarmliving.com) as an exterior stone and outdoor living products resource for dealers, architects and all people who are passionate about stone and creating beautiful outdoor living spaces.
Stone Farm works with harvesters, quarries and manufacturers making their products and materials available to you. Gavin truly learns about your project and vision and loves it when his clients find just the right thing. We just completed a backyard project at our home and after all the planning we love the hardscape and the plan we created.
With more than 23 years of experience as a credentialed tax professional, Stu Steinberg, CPA, MBA brings a broad depth of knowledge to his work. He has worked with small business entrepreneurs for many years helping them plan their businesses more effectively. He can be reached at stu@eaglerockfinancial.net or 978-864-9581 anytime.
Now that the election is behind us we can focus on some of the positive aspects of our economy and how to improve Gross Domestic Product (GDP) and jobs in both in the short and long term. In the fall I blogged about the fact we ARE better off now than we were in 2008. One area that is definitely on the move is the housing market, recovering from a recession and unscrupulous dealings on Wall Street involving the sub-prime mortgage market.
There was a time when home ownership was the American Dream and it still is for some. With today’s low rates families can get into mortgages and buy properties that are very affordable. America was losing 750,000 jobs a month in 2008 and began adding jobs monthly since the spring of 2009. It has taken a little time to take hold, but the housing market as a whole is certainly on the way up and is expected to add 1/2 % to GDP in 2013. Here in Newburyport values of homes have improved at a rate higher then the national average and other major markets are improving modestly, while some like Las Vegas and Tampa, FL where homes lost ~50% will take longer to improve.
The low mortgage rates are getting real estate investors back in the game. The combination of low rates and low values make purchasing real estate and holding it for the long term a very viable option. Over 23 years I have worked closely with many personal real estate investors who came to me and said, for example: “Stu, I am going to buy these 2 3-familiy homes in (insert city); I will improve them and flip them in less than 1 year. I expect to make a profit of (Insert Profit) on the deal.” Many of these people failed for so many different reasons. The new real estate investor today is buying and holding the investment for the long term and collecting rent instead of flipping the property.
Today, builders of homes are the most optimistic they have been since the peak of the real estate market in 2006. Many are looking to hire new construction workers and will do so in 2013. Consumer confidence rose again in October (the highest this year) and the improving job market is the leading indicator. Housing will continue to rise as long jobs are being created.
If you are a homeowner you may also be able to benefit from the low rates by looking at your debt and refinancing your home. There has never been a better time to do so, and it is great that entire generations of families are able to refinance their homes at very low fixed rates. Get the answers you need as it pertains to your particular situation.
Listen below to hear Win Damon and I chat about this topic on WNBP Radio 106.1 FM and wnbp.com
Stuart Steinberg of Eaglerock Financial, Inc. has worked with families for more than 20 years, helping them work toward their financial goals through a holistic, well rounded approach rooted in objectivity, education, and empowerment. Stu is highly regarded by clients and colleagues for his unique combination of investment, CPA and entrepreneurial experience in the high net worth market.
There are tons of fun financial facts about Thanksgiving for you to chat about with your family and friends over the holiday weekend. Did you know that on November 26, 1789 President Washington ordered a special day of “thanks” or that President Lincoln proclaimed in 1863 the last Thursday of November a day of Thanksgiving and praise to our fathers?
But it was FDR who is personally responsible for BLACK FRIDAY. He was the US President who set the date of Thanksgiving the 4th Thursday in November in order to kick off the holiday season earlier to stimulate the economy during the Great Depression!
I discuss all this and more with Win Damon of WNBP.com and Radio 106.1 FM Newburyport. Click below and tune in every Tuesday at 8:30 am for more insightful financial and tax chats.
Stuart Steinberg of Eaglerock Financial, Inc. has worked with families for more than 20 years, helping them work toward their financial goals through a holistic, well rounded approach rooted in objectivity, education, and empowerment. Stu is highly regarded by clients and colleagues for his unique combination of investment, CPA and entrepreneurial experience in the high net worth market.
