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Business

What advantages does a biweekly mortgage offer?

CharlesSimsJr-160One of the most precious assets that you are likely to possess as you progress through life is your home. Owning their own homes is something that most Americans strive for.

Unfortunately, for the vast majority of people, one of the major drawbacks in owning a home is the long-term mortgage that must be paid off. Mortgages often stretch out 30 years with interest and principal repayments.

Most mortgage repayments are made on a monthly basis. However, arranging to make payments biweekly can have a dramatic effect on the amount of money you have to pay and the time frame before it is all paid off.

Road to Retail: O’Taste & See Simply Delicious Pies and Quiche

BJackson-250Barbara Jackson is a woman blessed with a gift to cook. She runs from the title of chef but the taste and presentation of her food places her with the best of the best. As humble as they come, Jackson proves that with hard work and dedication to your passion, dreams do come true.

Carlee McCullough: How did you get started in the food business?

Barbara Jackson: I received an Easy Bake Oven in second grade for Christmas. I got two boxes of cake mix, white and chocolate. My mom loved nuts, so I added nuts to the top of the chocolate mix and actually made a brownie before I even knew what a brownie was. I continued to add different nuts to the tops. Later, I attempted to make other stuff in the Easy Bake Oven and burned it up. The wattage was not strong enough for what I wanted to do.

CM: What do you sell at O'Taste and See?

Grand opening signals intermodal growth for Memphis area

hardyintermodal-600Carolyn Hardy, CEO of Chism Hardy Investments, has a track record of success when it comes to aligning with business opportunities that yield dividends for the Memphis area. On Monday (Aug. 19), Hardy helped unveil a venture that she puts in that category.

Mayor AC Wharton Jr. and Shelby County Mark Luttrell Jr. participated in the grand opening of the Marine Repair Services and Container Maintenance Corporation (MRS-CMC) new multi-million dollar maintenance shop and intermodal yard at 4530 Clarke Road in Memphis Tennessee. The facility has a 10,800 square foot maintenance shop on 30 acres for intermodal container and truck storage on a bonded yard.

Additionally, the facility is one mile from the BNSF Memphis Intermodal facility.

Tax-conscious investing

CharlesSimsJr-160MONEY MATTERS Because of tax changes that take effect in 2013, some upper-income households are facing the prospect of higher tax rates on investment earnings.

The potential for taxes to claim a larger share of investment earnings means that many people might take advantage of opportunities to invest in tax-deferred retirement plans such as 401(k)s and IRAs. Of course, many factors other than taxes should influence investing decisions, including your investment goals, time horizon, and risk tolerance.

The following rate increases explain why you might consider the tax implications of investment decisions.

Breaking into retail: The Candle Bakery

bakerycandles-600ON OUR WAY TO WEALTHY Breaking into retail is never easy, which is why Tiffany Greenlee tapped into her creativity and obtained a kiosk in the Wolfchase Galleria to give herself a leg up.

Rather than wait for her candles to be in every retail store, Greenlee decided to create her own retail opportunity and now envisions a chain of kiosks across the region.

Carlee McCullough: Tell us a little bit about yourself.

Tiffany Greenlee: I wear many hats! I am a mother of three boys, one of whom has autism. I am a wife, a published author and a nurse by profession. I am an advocate for autism and currently sit on the board of The Autism Lives Foundation. I am a very humble God-fearing woman.

CM: How and when did you begin your career in the candle making industry?

The road to retail: Oo! D…Good Sauce

CarleeMcCullough-160ON OUR WAY TO WEALTHY Recently I tasted a sauce that was so good that I wanted to put it on everything. Already I have tried it on tacos, fish, steak, barbecue, hamburgers, chicken, lamb and French fries. The true treat was getting to know James Pitchford, who has taken the family sauce and perfected it. He started the Pitchford Sauce Company, LLC and this is his story.

Carlee McCullough: Tell me about yourself.

James Pitchford: In the past, my life has been one of struggle like so many others. With God I was able to persevere and overcome. I am steadily evolving as a person and as a business person. As it relates to my professional life, I have done heating, air conditioning, ventilation (HVAC) and plumbing in many capacities and for many clients. But as of recently, I am the founder and creator of Oo! D...Good Sauce®.

Myron Mays goes App

MyronApp-400Radio personality and "What's Happening Myron" entertainment columnist Myron Mays is now an App. Well, more precisely, Mays has just released the WHM Mobile App.

"It's a pretty good tool if you want to be connected to what's happening in Memphis," said Mays.

"I just added a Black Business directory to it and starting this Friday (Aug. 16), I will also have a small business resource feature as well. You can of course keep up with the Book Club happenings, listen to all of my radio shows and access all of the latest concerts and events."

Who is Aaron Arnold?

aaron arnold-600Dynamic by any standard, an unconventional path towards success has defined and opened doors for Aaron Arnold – the under-30 CEO who will keynote this weekend's Memphis Urban League Young Professionals Empowerment Conference.

For those in need of a snapshot, consider this description: a young millennial innovator, risk taker, CEO, MC and party host, producer, trendsetter, inspirational speaker, entrepreneur and lifestyle expert.

Some might have called him crazy a few years back when he left a well-paying executive position with one of the top five PR firms in the world to work for free as an intern at Sean "Diddy" Combs' Bad Boy Records. Feeling burned out and dissatisfied with his career and having a burning passion for music, the Chicago (south side) native embraced the demanding task of working with "Mr. Combs" (as he respectfully refers to the hip hop mogul). And in the words of Robert Frost, "that has made all the difference."