Latest news with #BlackMammoth
Yahoo
3 days ago
- Business
- Yahoo
7 Tips to Support Aging Family Members When You Live Far Away — Without Going Broke
According to a recent survey by Choice Mutual, one in three Americans lives more than 100 miles away from their parents. When it comes to caregiving duties for elderly parents, 70% noted that the biggest concern was the emotional toll and burnout. Discover More: Find Out: It's also worth noting that for 67.59% of Americans, the next most significant concern is financial strain, as the idea of financially supporting parents can be stressful. How can you help your parents financially as they age without putting too much strain on your own bank account? Here are seven tips from the experts to ensure that you don't go broke and burn out in the process of caring for your elderly parents who live far away. 'The first step is to have a conversation on the topic with your parents,' said Chad Gammon, a CFP and the owner of Custom Fit Financial. 'That way, you're on the same page with your parents on any expectations or responsibilities.' You want to have crucial discussions with your parents early on in the process so that you're not on different pages when it comes to expectations. The Choice Mutual piece also mentioned that even though discussing finances can be challenging, it's encouraged that you do so before your parents have their ability to make decisions hindered by cognitive or physical factors. Stoy Hall, a CFP and founder of Black Mammoth, recommends starting with transparency instead of making assumptions. He stressed that you don't want to wait until a health crisis forces you to have this discussion. Here are some of the subjects you'll want to discuss with your parents: How much savings do they have? If they have any debt. Policies and pensions that you should know about. Their bills and how they're being managed. Hopefully, your parents are willing to share financial information so that you can stay informed. If you're overwhelmed, you can also work with a financial professional who will help you make sense of everything. Gammon advises setting boundaries and ensuring that you don't entangle your finances. You want to set clear boundaries early on so that your parents don't try to ask you to co-sign a loan or to open up a joint bank account. Hall added, 'You've got your own bills, your own kids maybe, and your own retirement goals. So set the boundaries now.' Agreeing to help financially with everything can be overwhelming and may lead to future resentment. If you live far away, you may also want to set boundaries on visitations and how often you can make it down. The Choice Mutual report found that approximately half of Americans are concerned about how providing elderly care duties could affect their careers and work-life balance. Kelsey Simasko, an attorney at Simasko Law, urges that you become as tech-savvy as possible if you're caring for parents who live far away. If you're managing someone's finances from miles away, you'll want to be comfortable emailing, scanning documents and using online banking tools. Here are a few key ways you can use technology to help with the care: Set up auto-pay for recurring bills if they're forgetful. Use refill services for prescriptions. Explore remote monitoring tools for health or home safety. While technology won't replace the human touch, it will buy you some time and sanity if you live far away. You don't want to be stuck driving back and forth every single weekend to pay bills and manage accounts. You also don't want to have your parents fall behind on bills because they forgot to pay, which could add to the financial strain. You want to remember that you're not alone when it comes to caring for elderly parents. Hall recommends checking out options such as local senior aid programs, Medicaid eligibility, low-income utility assistance or Meals on Wheels. These services can help you save some money and provide assistance when you're not able to make it. You'll want to try to get your other siblings and relatives involved to divide the load when caring for parents who live far away. You can decide who will manage appointments, who is responsible for check-ins, and who will help cover the bills. The worst-case scenario is when one person carries the entire load because this can be financially and emotionally draining. Simasko shared that you want to enlist some assistants who live close by. Asking for help is hard, but if a trusted neighbor can send you pictures of bills to be paid or investments about to come due, it will make life a lot easier in the long run. If you don't have any siblings, you can build a community through trusted neighbors, church groups and other associations. According to an annual report from the FBI, older Americans lost almost $4.9 billion to fraud in 2024, with an average loss of $83,000. You want to ensure that your parents have the right financial tools and resources on their side, so they don't fall victim to scams and their bills are covered. Hall suggested that if your parents have equity in a home, a HELOC or downsizing could be the logical next step. If they have retirement assets, consider consulting a professional to analyze their withdrawal strategy. You want to ensure that all financial tools are utilized so that you don't spend your savings on trying to help your parents because you have to start thinking about your own retirement. More From GOBankingRates Warren Buffett: 10 Things Poor People Waste Money On 4 Affordable Car Brands You Won't Regret Buying in 2025 This article originally appeared on 7 Tips to Support Aging Family Members When You Live Far Away — Without Going Broke
Yahoo
18-05-2025
- Business
- Yahoo
3 Steps To Take Now If the Stock Market Is Ruining Your 2025 Retirement Plans
If you're watching the stock market and feeling your 2025 retirement plans slip through your fingers, you're not alone. Fidelity reported there are several factors influencing market volatility right now, including tariff uncertainty and recession fears resurfacing. Consider This: Find Out: Between market ups and downs, it's easy to start second-guessing everything. But don't panic just yet — there are smart, simple steps you can take right now to steady your path and keep your retirement dreams alive. 'I've been through several market cycles as a financial advisor, and I totally get the panic people are feeling right now,' said Andrew Lokenauth, money expert and owner of BeFluentInFinance. 'The thing is, there are actually quite a few moves you can make to protect yourself.' Below are the top steps to take, according to experts, if you want to retire in 2025. If the 2025 market swings have you questioning whether you can retire this year, you're not alone, said Stoy Hall, certified financial planner and CEO of Black Mammoth. But here's the truth: Panic is not a plan. The first step is to take a breath and get real about your cash flow. 'Don't just stare at your portfolio — build a withdrawal strategy based on actual spending needs, not the emotional high or low of your account balance,' Hall said. The market might be unpredictable, but your day-to-day bills aren't. He recommended anchoring your plan in what you need, not what you hoped the market would give you. Be Aware: The second move, according to Hall, is to zoom out and assess your income streams. If you've been relying solely on market returns to fund retirement, it's time to diversify. That could mean delaying Social Security for a higher payout later, using part-time income to bridge the gap or even tapping a bond ladder or cash reserves while the market rides out the storm. 'Too many retirees pull from the worst-performing asset at the worst time,' Hall explained. Instead, he advised creating a structured plan that allows your equities some time to rebound. Lastly, if retirement was part of the plan this year, don't assume you have to abandon it — but you might need to redefine what retirement looks like. 'Maybe it's not full-stop; maybe it's phased,' said Hall. Maybe you downshift to consulting or part-time work, not out of desperation, but to give your investments time to breathe. Flexibility is power here, he explained. 'The people who navigate this moment best aren't the ones who predict the market,' he added. 'They're the ones who adapt their game without blowing up the whole playbook.' More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 4 Affordable Car Brands You Won't Regret Buying in 2025 5 Little-Known Ways to Make Summer Travel More Affordable 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years Sources Fidelity, '5 factors causing volatility now.' Andrew Lokenauth, BeFluentInFinance Stoy Hall, Black Mammoth This article originally appeared on 3 Steps To Take Now If the Stock Market Is Ruining Your 2025 Retirement Plans Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
3-Payday May: 4 Tips To Budget for Your Extra Paycheck
Have you checked this month's calendar closely? If not, you might want to go back and see that, indeed, May 2025 has five Fridays this year. Depending on what you do for a living and your employer's payroll system, there's a good chance that you could be seeing three paychecks this month if you get paid every other Friday. Discover Next: Read Next: Before you celebrate too much and end up spending your additional earnings, take a moment to consider using the funds to help your budget, provide some financial cushioning, and put that extra dough towards making sure your money is in order. GOBankingRates asked a few financial experts to weigh in on this potential three-payday May and what four tips you can use to budget for your extra paycheck. Yes, it seems like a boring choice, but it is also the most practical and obvious option as well. If you are able to pay your expenses on two paychecks every month, having a third one means you have some flexibility to add to your savings account. Trending Now: 'If you don't need that money immediately, a short-term certificate of deposit (CD) might be something to consider,' said Anna Dosen, Minnesota branch banking market leader for U.S. Bank. 'While terms will vary, some can have rates above 4%. Keep in mind that if you take money out of a CD before it matures, you will face an early withdrawal penalty.' Stoy Hall, CEO and founder of Black Mammoth, said an extra pay check is the perfect time to build a 'no excuse' wealth move into your budget. 'Commit before it hits your account to a wealth play,' she added. Hall suggested that with your additional earnings from May that you could launch or fund, not an emergency fund, but what he labeled as a 'freedom fund.' 'This is for leaving that toxic job, investing in your business or taking a sabbatical to pivot your life,' Hall said. 'Park the third paycheck in a high-yield savings account labeled 'My Exit Strategy.'' Hall proposed using the money to hire a career coach, pay for a certification or build out a website. 'Freedom isn't free — fund it now,' Hall added. Are your credit card bills adding up? When was the last time you really put some money towards paying off a loan? In Dosen's professional opinion now is the perfect opportunity to pay down some debt. 'If you find you can't afford your minimum monthly credit card bill or you feel as if you aren't making progress in lowering your balance-putting your extra paycheck toward this might be a better option than putting it away in savings,' Dosen explained. When it comes to other types of debt, particularly if you have a low-interest car loan or mortgage, Dosen highlighted that making an additional payment might be a lower priority depending on your overall financial situation yet still could benefit from being paid down or off with your additional May pay. Hall's financial strategy for the three paydays of May is to go on the offensive and really seek out opportunities to invest and grow your wealth. 'Don't just save. Deploy,' Hall said. 'Use that extra cash to buy a revenue-generating asset — like launching an Etsy store with inventory, investing in vending machines or paying down debt on a rental property.' As far as other potential opportunities, Hall also weighed in. '[Partner] with a side hustler or service provider — pay for their startup costs in exchange for a revenue share. Now you're an investor,' he said. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 8 Items To Stock Up on Now in Case of Tariff-Induced Product Shortages The New Retirement Problem Boomers Are Facing I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money Sources Anna Dosen, U.S. Bank Stoy Hall, Black Mammoth This article originally appeared on 3-Payday May: 4 Tips To Budget for Your Extra Paycheck
Cision Canada
14-05-2025
- Business
- Cision Canada
Black Mammoth Metals Reports Drill Results at Callaghan Gold Property, NV
BMM: TSX-V VANCOUVER, BC, May 14, 2025 /CNW/ - Black Mammoth Metals Corporation (TSX-V: BMM / OTC: LQRCF) ("Black Mammoth" or the "Company") is pleased to report assay results from the recently completed Reverse Circulation (RC) and core drill program at its Cottonwood and Rast gold targets located in Lander County, Nevada. Both targets are on the Company's Callaghan property, which is situated on the eastern flank of the northern Toiyabe Range, approximately 21 kilometers to the northeast of the historic mining town of Austin (see Figure 1). The phase I drilling program totalling 1,393m is now complete. Cottonwood: The focus was to confirm and expand the area of known gold mineralization. T he three RC holes intersected highly altered rocks with associated gold anomalism from the beginning to the end of all holes. Hole CW-2B had the best gold intercept: 61m at 0.416 g/t, including 3.048m at 3.571 g/t (see Table 1). Due to the intense alteration and drilling challenges, one drill hole had to be abandoned, relocated and redrilled. The alteration can be described as silicification and marbleized carbonates with abundant disseminated pyrite, suggesting a large intrusive-related gold system may be present. Rast: The two RC and subsequent core drilling had the primary objective of understanding the lithology and intersecting potential host lithologies for gold mineralization. As a result, drilling encountered hundreds of meters of sheared and hydrothermally altered and dolomitized mudstones and carbonates, accompanied by strong carbon flooding and trace element enrichment, with strong W, Mo, U, Co, Te, Hg and in particular, exceptionally high selenium values of up to 211 ppm, suggesting a mineralized intrusive-related body may be nearby. Geophysics: Recently reinterpreted magnetic data indicates large and untested magnetic anomalies in the pediment area. The center of the magnetic body is approximately circular, with a diameter of 1,000m, and a possible extension to the east, as well as a smaller magnetic body to the southeast. Black Mammoth Metals is approaching the area with a broader vision to understand the controls of mineralization and use geophysical support to uncover a potentially hidden gold deposit. The Company looks forward to further testing target areas near the interpreted intrusive rocks, starting with an induced polarization (IP) survey (see Figure 2). Quality Assurance/Quality Control: All sampling is conducted under the supervision of the Company's project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC and core samples are hauled to Elko, Nevada by project staff. Core is taken to Carlin Trend Mining Services for cutting and sampling. The core is cut in half using a diamond saw, and one-half placed in sealed bags for preparation by ALS Laboratories. RC samples are taken directly to ALS Laboratories' prep lab. Core and RC samples are prepared using the PREP-31 package; then shipped via ALS' truck to the ALS Laboratory in Reno, NV. Each sample is crushed to better than 70%, passing 2mm, then a 250 gram riffle split is then taken. This split is pulverized to a target of 85% passing 75microns. and a 30 gram portion of this pulverized split is digested by Four Acids, and analyzed by the Au-ICP 21 method, which is a Fire Assay, with an ICP-AES (Induced Coupled Plasma) finish. ALS Laboratories have ISO 9001 and 17025 accreditations, and their Elko prep lab is listed on the scope of accreditation. ALS also undertakes their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Black Mammoth Metals Corp's QA/QC program includes regular insertion of CRM standards, duplicates and blanks into the sample stream with a stringent review of all results. About Black Mammoth Metals Corporation: In the past 16 months, Black Mammoth Metals has acquired 100% interest in: Coal Canyon Gold property, Pershing County, NV, Island Mountain - district consolidated, Elko County, NV, Coleman Canyon Gold, St. Elmo High-Grade Gold and Diamond Jim Silver-Lead-Zinc-Antimony, Clover High-Grade Gold property, Elko County, NV, Leadore Silver-Lead-Rare Earth Elements property, Lemhi County, ID, East Reveille Gold property, Nye County, NV, America Mine Gold property, San Bernardino, CA, Quito Gold property, Lander County, NV, South Ravenswood Gold – district consolidated, Lander County NV, Raven, Happy Cat (purchased prior to 16 months ago), Callaghan Gold – district consolidated, Lander County NV, North Callaghan, Charlie, Cottonwood, Rast. Black Mammoth also has a 100% interest in the Blanco Creek Gold property in the Elk Creek Mining District, central Idaho, which hosts three historic underground mines along 3,550 meters (11,644 feet) of strike on the north-east trending regional Blanco Shear Zone. Mark J. Abrams, CPG #11451, a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101") and director of Black Mammoth, has reviewed and approved the technical content in this release. On behalf of the board, "Dustin Henderson" Dustin Henderson, BBA President & CEO Website: This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the Company's completion of the Transaction and related transactions are forward-looking statements. Forward-looking statements are typically identified by words such as believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include that the requisite corporate and TSXV for the Transaction may not be obtained; that the Company or IDA Mining, as applicable, may be unable to satisfy any or all closing conditions necessary for the completion of the Transaction; and other risks that are customary to transactions of this nature. Trading in the securities of the Company should be considered highly speculative. All the Company's public disclosure filings may be accessed via and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
