ON OUR WAY TO WEALTHY: Whether you reference aging as growing older, more mature, wiser or seasoned, the common denominator is that we must all age. It is a fact of life.
Today, there are approximately 40 million people age 65 or older in America, which represents about 13 percent of the population. However, by 2030 there will be over 72 million or almost 19 percent of the population in this bracket.
A staple of our basic needs in life is housing and as we grow older our housing needs will change. While we hope to maintain our lifestyle, health, mobility and financial strength along the way, things may not always develop as desired.
The day Mary Hunter, 73, of Gary, Ind., came up with the idea for a way to marinate the inside of the big roasts she would make for her fellow congregation members at Yes Lord Church, she knew she had invented a revolutionary cooking tool. But, according to a profile on Hunter in the New York Times, she didn't know it would take 19 years before her invention hit the market.
Hunter leaned on the resources provided by her church to take Mary's Marinating Sticks from dreams to reality. A fellow church member, David Smith, helped her design the stick. Dwayne Hunter, Mary's son and the pastor at Yes Lord Church, got her a spot at the International Home and Housewares Show in Chicago, which led to her appearing on the Food Network show Invention Hunters.
All the while, Hunter was selling Mary's Marinating Sticks direct to market, according to the Times.
(This is the first in a series of periodic stories that The New Tri-State Defender is featuring about people and organizations that have "Something To Offer" as Memphis journeys toward general recognition as a "Great American City!"
Michael J. Dones, corporate marketing manager with FedEx Sponsorship & Social Media Advertising, is a Memphis man with many rites of passage dotting the history of his life and career.
After high school graduation, the Bay Area native headed to Atlanta, earning an undergraduate degree at Morehouse College and an MBA at Clark Atlanta University. Soon after, he and his new wife accepted jobs with FedEx and made the move to Memphis, where they settled in, had children, and thrived.
Sales guru Greg Winston's sales journey has taught him one thing – salespeople teach buyers how to buy from them and when salespeople don't respect themselves, the buyer won't either. So the bottom line is, buyers don't buy from those they don't respect.
In his new book, "Opting for Opulence: 14 Proven Strategies to Master Selling in the Luxury Market," Winston showcases 14 essential elements for selling success in the ever-changing economy and new luxury market.
What's the "Luxury Market"? The luxury market is someone who makes over $125,000 per year and they are typically approached by some of the best sales people in the world.
Despite a federal government shut down, enrollment for ObamaCare – officially known as the Patient Protection and the Affordable Care Act (ACA) – went live on Oct. 1 and will continue through March 31, 2014. The legislation is groundbreaking for Americans, but the jury is still out on the execution of the program.
The intent is to give more Americans access to affordable, quality health insurance and to reduce the growth in health-care spending. No, it isn't designed to replace private insurance, Medicare or Medicaid.
The new law issues a mandate that most Americans obtain health coverage by the year 2014, obtain an exemption or pay a fee on their taxes for every month they do not have coverage. Most states established specific health insurance marketplaces (also known as exchanges), allowing citizens to shop for health insurance using cost assistance. Since Gov. Bill Haslam chose not to set up a marketplace, the Tennessee exchange was put in place by the federal government.
Many Americans realize the importance of saving for retirement, but knowing exactly how much they need to save is another issue altogether. With all the information available about retirement, it is sometimes difficult to decipher what is appropriate for your specific situation.
One rule of thumb is that retirees will need approximately 80 percent of their pre-retirement salaries to maintain their lifestyles in retirement. However, depending on your own situation and the type of retirement you hope to have, that number may be higher or lower.
Here are some factors to consider when determining a retirement savings goal.
The Memphis-Shelby County Airport Authority and Frontier Airlines on Wednesday announced that the Denver-based airlines will once again provide air service to the Memphis International Airport beginning March 2014.
"Today's exciting announcement from Frontier Airlines is the beginning of a new era of affordable airfare choices for our passengers," said Jack Sammons, chairman of the Memphis-Shelby County Airport Authority Board of Commissioners. "I am confident Frontier's direct service to Denver will be warmly embraced by passengers in our region."
Frontier's service in Memphis will feature four weekly nonstop flights to Denver, and opens up connections to 12 different western cities, including San Francisco, Seattle/Tacoma, Phoenix, San Diego, Las Vegas, Los Angeles, and Portland.