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Color Code: Yellow
Assigned To: Brandon Moore
Created By: Brandon Moore
Created Date/Time: 4/4/2022 9:36 am
 
Action Status: Blank (new)
Show On The Web: Yes - (public)
Priority: 0
 
Time Id: 8890
Template/Type: Brandon Time
Title/Caption: Meeting with Chuck
Start Date/Time: 4/20/2022 10:00 am
End Date/Time: 4/20/2022 10:45 am
Main Status: Active

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Notes:

Chuck and I pushed up some changes. We then talked about investments. Lots of talk about annual returns on accounts, actively managing the monies and possible investments. Basically, what are the benefits of having another special account for retirement or savings? We talked about possible withdrawal rules such as any amount that is greater than or equal to $1,000. Basically, if we had another account, if you have $20K in that account, you could grab what you wanted, but you could do something like $100. It would have to be greater than or equal to $1,000 minimum ($amount to withdrawal needs to be >= $1,000).

If there was a bunch of money, you could do all kinds of stuff. Our current goal is to create and capture small drops based off of the reoccurring revenue model. We could open up other options later on down the road. We also talked about who may want to help manage and help monitor this account or business entity.