Catreese Consulting

03/23/2023

Let's talk banking vs investing

Why is it smarter financially to invest your money instead of leaving it sitting in banks?

First and foremost, the banks make millions on your funds then they pay you pennies on the dollar in return. The pic on the left is my bank statement, as you can see with over $39K in my account they've only paid me $0.31 for the month and $0.65 ytd. How much do you think they made off my money? A couple thousands if not millions.

The pic to the right shows what I would have made had I invested that $39K+ in a hedgefund. I would have yielded over $5K for the month had I invested the funds.

Secondly, banks have full control over your money when in their banks. They can freeze your account at any time with little to no warning and really no reason. I've had it happen! Your funds are subject to their policies, fees and charges as they see fit and what can you do about it? Nothing much but file a claim with the CFPB (look it up) if it's a traditional bank or the NCUA (look it up) if it's a credit union. Wait months for an investigation and more months for a resolution.

Lastly, the banks only insure up to $25K of your money. So if anything happens and you have to be compensated, you will not see any more than that. So for me, if that was the case I'd lose over $14K.

This is why I don't advocate for using banks to keep your money. If you're going to allow someone to make money using your money, why not get the most return possible? Banks don't care about you and will not help you if things go left. Whereas a hedgefund, you have full control over your money. And guess what, they have no FBI reporting requirements.

So to sum it up, invest your money family! These banks get rich while keeping you poor.

Thought I'd take a moment to enlighten my people on why banks are a financial rip off! Hope this info helps you make wiser decisions when it comes to your financial future!

Catreese Consulting

03/22/2023

🗣🗣🗣 Listen Up!! Business Owners you have a responsibility to make EVERY attempt to communicate with your clients. Especially when they've paid you a good bit of money for your services.

Relying simply on email communications is not adequate when technology can fail. You are obligated to pick up the phone and communicate any issues, deadlines or confirm receipt of any other communication you may have sent. Especially if and when your client notifies you of any issues and/or requests you contact them to help resolve issues. If you fail to reach out, you've just voided your contract and any claim to funds paid out. And your no refund policy will not stop their bank from making them whole after you fail to provide adequate service. Unless, you have a read receipt that notifies you when the recipient reads your communication, you can not guarantee that they will receive it.

In today's small businesses, I am experiencing more and more business owners who are not familiar with true business practices, charging large amounts of money and not providing the customer with the service they've paid for. If you can not provide the service a client is requesting decline the service. Y'all hate when folk speak publicly about those bad experiences so try harder to prevent them!

Signed A Business Professional
Catreese Consulting

03/21/2023

PSA: To all my business people building business credit. As of Feb 2023 Quill is no longer reporting to D&B.

What does that mean to you? Using this account will no longer benefit your business credit. Usage will not be reported to help increase your paydex score.

Catreese Consulting

10/03/2022

If you or anyone you know were affected by Ian, the SBA has funds available in the form of Disaster Loans.

If you experienced personal or business damage due to the storm and live in a qualifying area, you may be approved for funding. Need help applying inbox me! Catreese Consulting

The SBA offers disaster assistance in the form of low interest loans to businesses, nonprofit organizations, homeowners, and renters located in regions affected by declared disasters. SBA also provides eligible small businesses and nonprofit organizations with working capital to help overcome the ec...

09/21/2022

I was racially profiled at the UPS Store in Riverside and I feel some type of way. I know racism exists but to experience it at a business by a public service employee is beyond me!! The UPS Store 3458 The UPS Store

I walked in the store and stood behind 2 other people who I assumed was in line. The young lady states that they're not waiting in line, then she signaled for me to go around them. I stepped around them and there were two store employees at the counter assisting 2 separate customers as I wait. So, one cashier finishes with his customer and the customer leaves.

I walk up to the counter with the envelope that I'm mailing in my hand. I sit the envelope down and advise the cashier that I'm looking to send the envelope. He looks down, mumbles "one of them can help you" pointing to the other busy store workers. He then walks away from the counter and starts sorting a pile of junk.
He's mumbling "I'm gonna sort this junk".

Confused, I'm looking around for the available cashier to help but everyone is busy actually doing something for a customer but HIM!! I say baffled: "So you stop helping a customer to sort junk?!?" With a nasty look he yells "One of them can help you or YOU CAN LEAVE and go somewhere else." Shocked, embarrassed and insulted I replied "You're a nasty son of a bitch" and walked out.. I went to the car, got my 2nd phone to call corporate to file a complaint while I recorded on my primary phone.

I walk back into the store, now the co-workers are surrounding him in a way that appeared they were consoling him. I politely advise "I'm otp with your corporate filing a complaint" and requested his name. NO ONE provided the name, in fact the owner "Rich" was right there. On camera he refused to provide the employees name for the complaint and did NOTHING to reprimand the employee as he's yelling how he "hates people like me". Nor did the owner offer an apology for his disrespectful employee. Mind you, I was the only black person in the store.

I NEVER use UPS, I prefer FedEx and this only confirms I will never patronize the brand.. To be disregarded and treated like my time and business isn't valued strikes a nerve in me!! Now I want him fired and that store closed..

07/19/2022

What would you like to see more information about?

A. Forming A Business
B. Establishing Business Credit
C. Business Funding

07/01/2022

First Of The Month Prosperity Ritual 🍀💰🪄🎋

Standing outside your front door facing in, put a handful of cinnamon in your right hand and blow the cinnamon into your home. Set your intentions on welcoming unlimited abundance and success into your home this month.

Cinnamon is the spice of fortune, abundance and prosperity! You can also burn cinnamon sticks to attract more money 🤑🤎.

🍀

07/01/2022

Are you a small business owner looking for free money to fund your business? If your answer is yes, you should be on the look out for grants.

How, you ask?!? Register your business on https://helloalice.com/ to receive notifications to grants as they're released. Need help applying, contact me for assistance. Catreese Consulting

You have unique goals, challenges, and aspirations for your small business. And Hello Alice wants to help you with all of them. Your adventure has started; let's keep growing, together.

05/28/2022

🗣🗣 Latest in Business News..

No the use of your Duns & BradStreet number is not gone. It will still be the primary number used when establishing and building business credit. However it will be replaced when doing business with the federal government in the grant world.

"On April 4, 2022, the federal government stopped using DUNS numbers. The DUNS Number was replaced by a new, non-proprietary identifier that is provided by the System for Award Management (SAM.gov). This new identifier is called the Unique Entity Identifier (UEI), or the Entity ID."

Catreese Consulting