While cryptocurrencies have been all the rage in the investment community, Matt Badiali shocked many in the financial world when he introduced “Freedom Checks” as a low-risk investment strategy that individuals of all ages can take part in and get a regular quarterly income. He claimed that the program was going to pay out over $34 billion due to the money companies would save with the current tax plan and that now was the time for individuals to position themselves if they wanted to take advantage of this investment opportunity. There are currently over 500 companies that meet the criteria required to pay “Freedom Checks” to its shareholders.
While Matt Badiali made “Freedom Checks” seem like this was the newest investment idea, the strategy is simply to invest in a “Master Limited Partnership”. Many MLP’s are involved in the oil and gas production. Transportation and storage industries. Companies that meet the standards to be considered MLP’s distribute their profits to their shareholders and this enables them to be tax-free businesses. These companies must distribute 90 percent of their earnings to shareholders.
Investing in MLP’s and receiving “Freedom Checks” is extremely easy. It involves having a brokerage account and buying company shares of an MLP. Investors will have the payments made directly to their account or have a check mailed to them. Investors can spend the “Freedom Checks’ or they can reinvest the funds to buy more shares of the company. A shareholder can expect both share appreciation as well as increased distribution payments over time. A benefit to this investment strategy is investors are not required to pay taxes on these distribution payments and if they decide to sell the Master Limited Partnership shares, they are only required to pay capital gains taxes. Paying the capital gains taxes is usually lower than the income tax rate.
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No one can ever predict a natural disaster, and the United States has had their share of them. The people of Puerto Rico, for example, are still dealing with the aftermath left behind by the hurricane that ravaged the island. Families are still without power and some without water, but the people of this island are fighting together. This is something the people of Houston are also dealing with because they are fighting against the aftermath left behind by Hurricane Harvey. This Hurricane Harvey hit Texas in 2017, and it left a lot of devastation. Many people in the state lost their homes and livelihoods.
It is strange but also heartwarming to see how people naturally help each other when tragedy strikes. The city was full of people who helped others during this time of need. It was heartwarming to see people offer each other shelter and monetary assistance. Humanity shined when churches lived up to the teachings they believe in, and it was beautiful to see organizations like the Houston Food Bank really make a difference when it was needed. Houston even saw businesses step up to the plate and help, such as Nabors Industries. The CEO of this company, Tony Petrello, made sure their company helped Houston out.
Of course, Tony Petrello knew that his company was not going to solve every problem, but that did not stop him or his company from helping in whatever way they could. One thing the people of Houston truly appreciated was the company’s large kitchen. In this kitchen large meals were prepared every day to feed people who needed food. The people were able to eat three meals a day, which definitely gave people one less thing to worry about. This gave people enough energy to continue helping others and neighborhoods to rebuild their lives.
Tony Petrello has helped the communities in many ways before. The company has been instrumental in several community projects and has also donated money to ensure Houston’s prosperity. What the company was providing in the aftermath of Hurricane Harvey was just an extension of the kinds of acts the company already did for Houston. It is pretty obvious that people care about good corporate citizens now more than ever before. Some could say that the actions taken by this company were just done to promote the company, but those who know Petrello and those working with him will say these individuals are just naturally good-hearted.
Petrello sponsored his employees by providing paid leave to help at the Gulf Coast and to help feed people. Some employees tended to their families and their friends as they were affected by the hurricane. These employees were given the freedom to do what was in their heart without worrying about paychecks, thanks to Tony Petrello.
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