Steve Marr Blog

Steve Marr's contributions
Sep 15
2020

Earning a Debt-free College Degree

Posted by Steve Marr in Untagged 

Earning a college degree usually provides an advantage in future earning power. However, without pursuing wise financial counsel, it can also create debt that becomes an albatross around a student’s neck. Currently, the average student graduates with $35,000 in student loan debt. This debt cannot be discharged through bankruptcy.  Effective planning provides excellent options for students and parents to avoid the consequences of student debt. 

Here are some ideas to help you:

1. Make a debt-free plan.

Sep 11
2020

Consistent Work Brings Results

Posted by Steve Marr in Untagged 

We have heard the rhetorical question, how do you eat an elephant?  Of course the answer is one bite at a time.  That’s how Wycliffe Bible Translators tackled translating the Bible.  It has now been translated into 700 languages! This project has consumed 75 years and countless numbers of volunteers around the world.  Scripture tells us, “so is my word that goes out from my mouth: It will not return to me empty, but will accomplish what I desire and achieve the purpose for which I sent it”. (Isaiah 55: 1, NIV)

Sep 07
2020

Cost of Loosing Our Temper

Posted by Steve Marr in Untagged 

At times, like many of us, I have lost my temper never with a good result. King David taught “Refrain from anger and turn from wrath do not fret—it leads only to evil”. (Psalm 37:8 NIV)

Often, the results of our expressed anger are not immediate, other times with  immediate serious consequences. Novak Djokovic was favored to win the U.S. Open this weekend. But became angry after losing a game. In an act frustration he smacked the ball very strongly backwards, without looking, striking a referee in the throat.

Sep 05
2020

Center for Disease Control Bans Evictions

Posted by Steve Marr in Untagged 

The Center for Disease Control has issued a moratorium on evictions for nonpayment of rent through December 31, 2020. This order covers all tenants who expect to earn less than $99,000 this year and joint filers expecting to earn less than $198,000. While renters can still be evicted for reasons other than not paying rent, failure to make rent payments alone is no longer grounds for immediate eviction through 2020. 

Sep 01
2020

Going Out of Business? Sell Your Customer List

Posted by Steve Marr in Untagged 

With the COVID-19 virus devastating our nation, many businesses are forced to close. Businesses scramble to sell off assets for the best possible price. Unfortunately, it is difficult to make much on a quick sale. However, the business probably has a customer list that may be of value to others. 

Recently, I talked to a couple of business owners who needed to close their businesses.  The first was a landscaping business in a state that required businesses to close for several months. The owner did not have enough cash reserves to continue operations. The business had grossed approximately $200,000 in 2019. I helped them present the value of the mailing list, and he was able to sell the list for $12,000. While it was less than what the business made in 2019, it was better than nothing. The business that bought the mailing list also purchased some of the equipment.  In addition, the same business offered the owner a position as a crew supervisor which provided an opportunity for his employment.