Friday Favorites – January 19, 2018

Hi all.  I hope that you’ve had a great start to the New Year.  The big excitement around here was a big flash and boom.  The other night, there was a big meteor in the area.  It lit up the sky and made a really big boom, heard throughout the state of Michigan.  I didn’t see the light, but heard the boom.  At first, I thought it was the kids jumping off the bed!  They’ve been doing that a lot lately.

Favorite Posts

Here are some favorite posts over the last couple of weeks.

I hope you have a great weekend and fantastic week ahead.  Happy reading!

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

Find The Right Factoring Plan For Your Trucking Company

As the owner of a trucking company, you understand how frustrating it can be to wait 30, 60, or even 90 days before you receive payment from your customers on their outstanding invoices. Without working capital on hand, carriers continually miss out on opportunities to grow and expand their businesses and some of them even fall behind on major expenses. It is no surprise, then, that so many carriers are choosing to factor their invoices to a third-party factoring company to keep strong cash flow and fund their businesses. The added flexibility and convenience afforded by invoice factoring explains why this is now such a mainstream financial tool among carriers of all sizes across the US.

The benefits of factoring include simpler application processes than you’d find at most lending institutions, competitive rates, and faster funding overall — all of which help to explain why so many truckers use invoice factoring services for their businesses.

Factoring Explained

Invoice factoring, for those who are unfamiliar with the term, is a type of accounts receivable financing that allows you to sell outstanding invoices due within 90 days to a third-party factoring company. The factoring company will then typically grant you an advance of roughly 80 to 90 or even as high as 97% of the value of the invoice. The factoring fee is usually small and differs depending on the plan you choose. One of the biggest advantages of freight bill factoring is the fact that you can often receive the money on the same day you submit invoices.

The speed of the turnaround allows many trucking businesses of all sizes to take advantage of the funding for immediate growth opportunities or to take care of financial crises as they arise. Additionally, high approval rates mean that carriers qualify even if they don’t have the best credit. This is because a freight bill factor looks at the credit worthiness of your customers, and not you as a carrier.


The features and benefits of freight factoring with a reputable company such as Accutrac Capital are designed specifically to meet the grueling demands of hard-working trucking companies. When looking for the right factoring partner, it pays to keep a few important things in mind. Of paramount importance is to look for a company that you would want to work with in the long term (as most carriers don’t use freight factoring as an emergency button — but rather employ this type of financing as a sustained, ongoing financial strategy). Accutrac Capital offers transparent plans that suit any carrier’s needs. Choose from any one of the following plans:

Flat Fee Factoring

  • A simple, easy to manage option with an easy to calculate one-time cost
  • From 1.59% for up to 90 Days

Factoring Line of Credit

  • Designed for larger fleets and carrier operations
  • From 0.022% per day
  • A flexible line of credit providing maximum value and control

Flex Factoring

  • Only 0.49% for up 10 days
  • The ideal funding option for carriers whose companies pay their invoices quickly

Freight factoring affords your trucking company increased flexibility. The same day funding you receive will offer cash flow solutions that turn your past-due invoices into much needed cash on hand. This means that your trucking company will appreciate the added liquidity and security that comes with factoring.

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

Ideas For Goals To Make 2018 A Great Year

I wrote the other day about some of my personal goals.  I’m excited to go back and check on that post often throughout the year.  I really think these are some things I can hit this year.  If I do, it’ll be a great year.  If you haven’t come up with your goals yet, don’t worry.  Here are some ideas for goals to make this your best year ever!

Goals To Consider

  • Read more.  If you don’t read at all, this can be an easy goal.  Start with one book.  If you read regularly, try to get more reading in.  Maybe even look at trying to read up on a different subject than normal.
  • Learn something new.  You can always learn something new.  Don’t believe anyone that tells you otherwise.  This doesn’t mean you have to take a class.  You can learn something simple as how to hang a picture frame.  Why not?
  • Exercise.  Nobody expects you to go from couch potato to marathon runner.  Everyone could use a little more exercise.  The trick is to start small.  If you do happen to want to run a marathon, that’s great!  But start off trying to run a mile before you set your goals higher.
  • Save. Find one area where you can save a few bucks.  It’ll feel good, and it’ll make you want to do it again.
  • Unplug.  Take some time to turn off your phone, tablets, and TV.  The world is a great place without them.  Enjoy it!
  • Don’t Procrastinate.  Stop saying that you’ll get to your goals tomorrow.  Today is here right now!  Take advantage of it.
  • Don’t Give Up.  If you don’t hit your goals, so what!  Don’t wait until next year.  Keep going.  Start over.  Every day is a new adventure.

These are some pretty good things to start off with, don’t you think?

What are some of your goals?  What about some other ideas that could help others who may not have gotten started yet on their goals for 2018?

Thanks for reading!

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

Wasting Somebody Else’s Money

Have you ever had an experience wasting money?  Of course.  Who hasn’t?  But what about wasting someone else’s money? Has that ever happened to you.

I’m sure it’s happened many a time. Heck, just growing up, I probably wasted a ton of my parents money!  I’m thinking of all the toys and activities that I never pursued.  All the musical instruments for band class!  The list is endless.  But, as I’m finding out now, that’s just part of being a parent.  So I don’t feel too bad about it.

But I do feel bad if I waste someone else’s money.  One story I have in particular stands out.  It’s actually got some humorous elements, though I still feel bad.

The Old Beep And Wave

This story takes place right after I graduated college.  I was a young, cocky bachelor in my 20’s.  I moved on my own, but got an apartment with a college buddy.  This worked out well to save us money.  We were (and still are) good friends, so it seemed well.

We were both pretty big goofballs.  The two of us, along with a couple of other friends, got into this thing that we called the ‘Beep and Wave’.

This was short for ‘Beep and Wave the Other Way’.

I’m not sure who came up with the idea.  All of us have claimed it at one time or another.  All of us have also denied it as well.  It all depends on who we are telling to story to.

This activity took place while we were driving.  If we saw someone walking or biking alongside the road, we’d give a little tap on the horn.  When they looked, we would wave.  Except we wouldn’t wave at them.  We’d wave the other way.

This was hilarious to us.  It was even more so when there were more people in the car.  See, the person would see us waving, but eventually realize we weren’t waving at them.  Some would wave anyways.  A few would get mad.  Some would realize what happened and laugh.  Others were just downright confused.

But, it was hilarious to us.  Every once I’ll do it for old times sake.  And, every now and then I’ll get a text from my old buddy telling me that he did it.

When Beeping And Waving Wasted Money

There was one time that this wasted money.  And it wasn’t my money.

My roommate and I needed to go grocery shopping.  To be fair and to split the cost, we decided to meet up and shop together. We met at the grocery store, as it was on our way home from both of our jobs.

My roommate got there first and was standing in front of the store.  I pulled up and saw him.  I beeped at himand waved to the opposite side of the parking lot.  He saw it was me, and turned around and waved at the store.

This was hilarious to both of us and it worked out perfectly for a great story.  Except for the lady with the strawberries.

Unbeknownst to me at the time I beeped, there was a lady coming out of the store with her groceries.  When I beeped at my roommate, she got startled and stopped suddenly.  An entire container of strawberries fell out of her cart and popped open on the ground.

My roommate showed them to me when I walked up and he told me that part of the story.

She was long gone.  She’d continued on and left the strawberries.

But I felt bad.  I still do.  It was just stupid fun, but I ended up wasting this woman’s money as she was out a container of berries.

So that’s my story of wasting someone else’s money.  I’m sure it’s happened at other times, but this is one that sticks out, simply because of the silly nature of it all.

Readers, have you ever wasted someone else’s money?  Did you get the opportunity to make it right?  Tell me your story in the comments below.

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.