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Dearborn, MI 48121
ph: 313.995.0373
alt: 615.479.7738
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Each1 Reach1 featured in National Magazine
E1R1 was recently featured in Rolling Out, a weekly lifestyle magazine profiling current trends in entertainment, style & business in the nation's largest cities. Article reprinted below.
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jill floyd - financially fluent
Founder and Executive Director, Each One Reach One
Photo by steed media service
A beaming and exuberant Jill Floyd hurried into rolling out’s Atlanta office recently for a weekend interview. Floyd explained that she would be returning to Detroit later that afternoon to resume her work at Each One Reach One, the financial literacy nonprofit she started after leaving a lucrative position with Ford Motor Company.
“We teach people how to better manage their money ... we don’t sell anything. We teach basic financial education. And we’ll provide services for anyone who requests them, no matter what their income level is,” Floyd states emphatically.
As the founder and executive director of the Each One Reach One organization, Floyd works with individuals and organizations to resolve debt and credit issues, plan for retirement and launch entrepreneurial ventures.
“While there are many organizations that provide this type service, the kind of individual attention we provide is often reserved for the very wealthy,” explains Floyd. “We are a nonprofit organization dedicated to helping you make the most of your hard-earned dollars and our focus is education, period.”
Each One Reach One also offers a financial curriculum for teens to teach money management and budgeting as a precursor to the entrepreneurial development program, and to better understand the correlation between their personal budgets and business cash flow.
“You have to be disciplined. I tell my clients to dream and dream big and write the dream down. Then every time you get ready to spend, look back at the dream and decide if the expenditure is worth deferring the dream,” counsels Floyd. -roz edward
Reprinted from Rolling Out Magazine | Detroit Edition | June 6, 2008
Top Money Hoaxes
By Bankrate.com
Income taxes are optional, Neiman Marcus has an expensive cookie recipe and more financial fictions that crowd in-boxes. These e-mail hoaxes are designed for one thing: to drain your wallet. Click here for full article
(See below for two of the more popular hoaxes)
Hoax 2: Forwarded e-mail for money or donations
Microsoft and Disney are both beta-testing an e-mail tracker and will send you money if you forward this e-mail. The Gap is testing an e-mail tracker and will send you a gift certificate. The Red Cross is using its e-mail tracker and will donate money for some poor kid's operation or to raise funds for an orphan of Sept. 11.
If you believe any of these stories, I have some bad news for you. There is no such thing as an e-mail tracker. Coke won't send you free cans. Gerber won't send you savings bonds. Cracker Barrel won't send you gift certificates. A Britney Spears' video won't pop up as the result of you forwarding an e-mail. And AOL has a public relations department that gets news out a lot more efficiently than any chain mail ever could. You get nothing but the embarrassment of knowing that everyone you forward this e-mail to will think you're a fool.
Hoax #9: Clinton got rid of the IRS - no more taxes
That sneaky Bill Clinton -- did you know that when he wasn't gallivanting about with interns he was busy getting Congress to pass secret legislation that would forgive all debts and abolish the Internal Revenue Service? Alan Greenspan was going to announce it on Sept. 11, 2001 but didn't because of the terrorist attacks. Oh, wishful thinking -- or maybe not. A move like that is the equivalent of tossing what's left of our economy into a vast financial toilet and flushing with the combined might of the National Football League. In the plausible department, this rumor, reported by Truthorfiction.com, is right up there with alien cattle mutilations and Cameron Diaz spending a Friday night alone at home, eating Ben & Jerry's because she couldn't get a date -- completely ridiculous.
- The majority of U.S. households have no credit card debt...About a quarter have no credit cards, and an additional 30% or so pay off their balances every month.**
- Of the households that do owe money on credit cards, the median balance was $2,200 -- meaning half owe more, half less.**
- Only 8.3% of households owe $9,000 or more on their cards.**
Woman Gets Two Years for Aiding Nigerian Internet Check Scam (PC World)
A Washington woman was sentenced on Wednesday to two years in prison and five years of supervised release for her role in an Internet counterfeit check scheme.
Edna Fiedler pleaded guilty in March to attempting to defraud U.S. citizens in a scheme known as a Nigerian check scam.
Fiedler helped her accomplices in Nigeria send fake checks to people who had agreed to cash the checks on behalf of the sender, keeping some of the proceeds and sending the rest back.
The Nigerians found people willing to cash the fake checks via e-mail. They would send their names as well as fake documents that looked like Wal-Mart money orders, Bank of America checks, U.S. Postal Service checks and American Express traveler's checks to Fiedler. They told her how to fill out the checks and where to send them.
The recipients most likely thought they were helping out someone who needed a person in the U.S. to cash a check for them, according to the U.S. Department of Justice. They were able to get the money by cashing the checks, and sent most of it to either Fiedler or her Nigerian accomplices. However, once the checks were discovered to be fake, the people who cashed them were responsible for the full amount.
All told, Fiedler sent out US$609,000 worth of phony checks and money orders. When U.S. Secret Service agents investigating the case searched Fiedler's house, they found additional fake checks worth more than $1.1 million that she was preparing to send out.
At a recent conference in Seattle, a representative from the U.S. Postal Service and Washington State Attorney General Rob McKenna described ways they're working to shut down these kinds of scams, particularly because they often involve people who don't realize that they're taking part in illegal activities.
The U.S. Postal Service recently sent 15 postal investigators to Lagos, Nigeria, and during a three-month period there, they helped intercept counterfeit checks, lottery tickets and eBay overpayment schemes with a face value of $2.1 billion, Chris Siouris, a cyber investigator at the U.S. Postal Inspector, said at the recent conference. Siouris, McKenna and others are pushing for ways to better educate Internet users so that people don't unwittingly help out in these kinds of e-mail scams.
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PO Box 7532
Dearborn, MI 48121
ph: 313.995.0373
alt: 615.479.7738
Here2Hel
