Latest news with #debtfree
CBS News
6 days ago
- Business
- CBS News
Wayne County Lottery Club wins $793K playing Fast Cash progressive jackpot
Members of a Michigan lottery club plan to live a debt-free life after winning $793,304 on a 5 Win Lucky Clover Fast Cash jackpot from the Michigan Lottery. The Wayne County lottery club purchased its winning ticket at Talley's Log Cabin Bar, located at 2981 Kneeland Street in Lewiston. "My friend, the other club member, lives in Northern Michigan, and we just recently started playing the Lottery together whenever I am up north at my cabin," said the club's representative in a news release. "We bought a Fast Cash ticket together and weren't sure how much we won, so we scanned it and got a message to visit the Lottery office. "We scanned it on the Michigan Lottery app next and flipped out when we saw we won the jackpot plus $250,000! It was a total shock and took a while to wrap our heads around it. I don't think it's going to fully sink in until we cash our checks." With their winnings, club members plan to live debt-free. The Michigan Lottery offers several Fast Cash instant-win games. Fast Cash games offer players a progressive jackpot that can be won instantly, according to the Michigan Lottery. Games include Wild Time Progressive, Lucky Clover, Diamond Wild Time Progressive, Jumbo Jackpot Slots, Jackpot Slots Millionaire and Super Lucky 7s. Tickets range in price from $2 per play up to $30 per play.
Irish Times
03-06-2025
- Business
- Irish Times
Breaking free from debt: ‘I used to see my credit card limit as a target'
During the recession following the 2008 financial crash, Ann-Marie Gaynor was going through a marital breakdown; suddenly finding herself single parenting three children under the age of seven, jobless and €17,000 in debt. A self-described Celtic Tiger baby, Ann-Marie says she never saw the top limit on her credit card as anything other than a target. When one was maxed out she would successfully apply for another one. 'It was debt that would have been paid off quite easily if I was still in a marriage, but I wasn't... The first time I became an adult on my own was at the age of 30.' READ MORE Ann-Marie is also known as Irish Budgeting Mammy on Instagram where she shares what she's learned from turning her finances around. The key steps included engaging with the Money Advice and Budgeting Service (MABS) and going back to college as a mature student. The Longford woman is now a clinical nurse manager. Gaynor also joined the #DebtFree community; a movement originating in the US where people engage in hardcore economising to clear debt and save money. In this episode of Better With Money, she outlines what she's learned along the way and encourages others to regain control of their finances. Presented by Aideen Finnegan. Produced by Declan Conlon and Aideen Finnegan. Resources mentioned in this episode: Money Advice and Budgeting Service Other links you may find helpful: The Insolvency Service of Ireland's Back On Track web site Competition and Consumer Protection Commission If debt is causing serious mental distress, reach out and speak to an organisation like Samaritans
Yahoo
02-06-2025
- Business
- Yahoo
GE Power India Ltd (BOM:532309) Q4 2025 Earnings Call Highlights: Record Order Intake and ...
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. GE Power India Ltd (BOM:532309) reported a 22% increase in order intake for the current quarter compared to the same period last year. The company achieved its highest ever order intake from continuing operations since the financial year 2019-2020. The company completed the strategic sale of its hydro and gas businesses, resulting in a significant gain of INR 219 crore. GE Power India Ltd (BOM:532309) is now a debt-free company with a net cash position of INR 433 crore as of March 31, 2025. The company has a healthy order backlog of INR 2,662 crore, reflecting a strong pipeline for future growth. Despite improvements, the company reported a negative EBITDA for Q4 due to low gross margins of 23%. The utilization of the Bharur facility remains suboptimal, with only two-thirds of its capacity being used. The company faced challenges with prolonged EPC site provisions impacting financial performance. There is ongoing pressure on the P&L due to underutilization of facilities. The company has not provided specific projections for future gross margins, creating uncertainty about profitability improvements. Warning! GuruFocus has detected 4 Warning Signs with BOM:532309. Q: It has been around 15 quarters since the company has not performed well. Given the favorable conditions in India compared to other power companies, where are we lacking? A: Unidentified_2 (Managing Director): We are strong on our core services, having grown by about 22 times. There was some confusion regarding FGDs, but recent policy clarifications have cleared uncertainties. We are confident in our strategy and have been declared winners in one of the FGD projects, which boosts our confidence in this area. Q: Will the parent company, GE or Nova, infuse some money into GE Power India? A: Unidentified_3 (CFO): We are a legal entity and speak on our behalf. Our balance sheet is stronger post the carve-out of hydro and gas businesses, with a net worth of 233 crores and a cash position of 433 crores. We are moving forward with our set strategy. Q: The Q4 performance showed gross margins of just about 23%, resulting in a negative EBITDA. Can we expect better gross margins in the future? A: Unidentified_3 (CFO): The quarter faced prolongation and provisions on EPC sites, impacting margins. We refrain from providing projections, but our strategy shift towards services is expected to improve margins. Our backlog has improved by 200 basis points, indicating healthier margins. Q: What are the utilization levels of the Bharuch facility, and can we expect better utilization? A: Unidentified_3 (CFO): The facility's utilization was around 165,000 hours against a capacity of 242,000, indicating 2/3 utilization. We are focusing on non-fossil growth and exports to improve utilization. However, it will take a few quarters to optimize fully. Q: Is there any possibility of changing the company's name to align with GE Nova? A: Unidentified_3 (CFO): There are no current plans for a name change. We already have a differentiator with "Power" in our name, and any changes would have been made at the launch of GE Nova. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
24-05-2025
- Business
- Yahoo
Dave Ramsey urges Missouri woman who's waiting for sign from God to instantly sell her $60K crypto portfolio
Arabella from Springfield, Missouri called into 'The Ramsey Show' because she was facing a financial fork in the road. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) With about $60,000 in cryptocurrency, $14,000 in student loans, and $37,000 in auto debt, she and her husband were preparing to close on their first home. Her question to financial guru Dave Ramsey: Should they liquidate their crypto holdings to become debt-free before taking on a mortgage, or hold out for a market upswing that many in the crypto world anticipate? 'I wouldn't try to time the market with it,' said co-host Jade Warshaw. 'You guys are in debt today, and you're closing on the house really quickly. So, I would liquidate this crypto, and I would pay off this debt. I would do that instantly.' Ramsey didn't mince words about the risks. 'It's one of the most volatile, high-risk investments on the planet. And it's not technically an investment, it's actually called speculation.' Arabella argued the digital coins they hold aren't meme tokens, but admitted their portfolio was worth $30,000 more before President Trump's tariff announcement. 'And so what happens when Trump burps again? You're screwed,' quipped Ramsey. Ramsey and Warshaw emphasized that investing in the cryptocurrency market is more like gambling than wealth building, especially when the assets are held instead of paying off loans. 'It's the roll of the dice. You're in Vegas, and your car payment's on the line,' Ramsey said, repeating Warshaw's advice. He also used a sunk cost analysis to help Arabella reframe her thinking. He asked her that if had no debt, would she borrow on her car and credit cards to buy $60,000 worth of crypto. Arabella responded, 'Absolutely not.' 'It's the same thing!' said Ramsey. 'If you don't sell it today, you've borrowed it again tomorrow.' Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Arabella then revealed a different reasoning for the couple's crypto holdings as the conversation turned spiritual. 'We are Christian and we do not gamble,' she explained. 'But we felt like God showed us these three specific coins that we're invested in. And we have just been waiting for the right time for him to show us when to sell, which is why we've been holding for five years through two bull runs.' Arabella's story struck a nerve with Ramsey. He drew a clear line between what he believes are scriptural principles of long-term investing and speculation. 'Playing short-term games with money you don't have, cause you're broke … Please don't blame that on the Holy Spirit,' he said. 'It might've been a spirit, but it wasn't the holy one.' Ramsey made his position crystal clear — for her and anyone else listening: when you're deep in debt, hoping for a crypto miracle isn't a plan. It's a bet. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
24-05-2025
- Business
- Yahoo
Dave Ramsey urges Missouri woman who's waiting for sign from God to instantly sell her $60K crypto portfolio
Arabella from Springfield, Missouri called into 'The Ramsey Show' because she was facing a financial fork in the road. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) With about $60,000 in cryptocurrency, $14,000 in student loans, and $37,000 in auto debt, she and her husband were preparing to close on their first home. Her question to financial guru Dave Ramsey: Should they liquidate their crypto holdings to become debt-free before taking on a mortgage, or hold out for a market upswing that many in the crypto world anticipate? 'I wouldn't try to time the market with it,' said co-host Jade Warshaw. 'You guys are in debt today, and you're closing on the house really quickly. So, I would liquidate this crypto, and I would pay off this debt. I would do that instantly.' Ramsey didn't mince words about the risks. 'It's one of the most volatile, high-risk investments on the planet. And it's not technically an investment, it's actually called speculation.' Arabella argued the digital coins they hold aren't meme tokens, but admitted their portfolio was worth $30,000 more before President Trump's tariff announcement. 'And so what happens when Trump burps again? You're screwed,' quipped Ramsey. Ramsey and Warshaw emphasized that investing in the cryptocurrency market is more like gambling than wealth building, especially when the assets are held instead of paying off loans. 'It's the roll of the dice. You're in Vegas, and your car payment's on the line,' Ramsey said, repeating Warshaw's advice. He also used a sunk cost analysis to help Arabella reframe her thinking. He asked her that if had no debt, would she borrow on her car and credit cards to buy $60,000 worth of crypto. Arabella responded, 'Absolutely not.' 'It's the same thing!' said Ramsey. 'If you don't sell it today, you've borrowed it again tomorrow.' Read more: This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Arabella then revealed a different reasoning for the couple's crypto holdings as the conversation turned spiritual. 'We are Christian and we do not gamble,' she explained. 'But we felt like God showed us these three specific coins that we're invested in. And we have just been waiting for the right time for him to show us when to sell, which is why we've been holding for five years through two bull runs.' Arabella's story struck a nerve with Ramsey. He drew a clear line between what he believes are scriptural principles of long-term investing and speculation. 'Playing short-term games with money you don't have, cause you're broke … Please don't blame that on the Holy Spirit,' he said. 'It might've been a spirit, but it wasn't the holy one.' Ramsey made his position crystal clear — for her and anyone else listening: when you're deep in debt, hoping for a crypto miracle isn't a plan. It's a bet. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
