Indianapolis Recorder, Indianapolis, Marion County, 2 December 2005 — Page 26
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THE INDIANAPOLIS RECORDER
FRIDAY, DECEMBER 2, 2005
REALTORS
R U "t h B 6 3 V er, Brokcr/Rcaltor 843-3535 Call Ruth Today!
www.RinaRuth.com [email protected]
KELLER W1LUAMS.
"EXPECT THE BEST"
E A L T Y
FRED SMITH, Realtor
(317) 803-4554 DIRECT
(317) 803-4601 FAX THE PREMIER GROUP
COLDUJCLL
6612 E. 75TH ST.. STE. 110 • INDPLS, IN 46250 WEBSITE: www.coldwellindy.com
Fred Hyche, Broker/Realtor (317) 547-8514-Office
New & Existing Homes-Commerical-Churches Access Realty Group, Inc. 7140 E. 46th St., Ste. 100, Indpls, IN 46226 www. Acces sReal tyTeam .com
LifeStyle Really Group Monica L. Acoff, Broker/Realtor 6045 N. Michigan Rd. Indpls, IN 46228 “It’s your lifestyle....you choose, we listen & open doors” Office: 317-722-2000 Fax: 317-722-2001
www. choo selifest vie. com
This Could Be Your Ad! call 924-5143
PROFESSIONAL SERVICES
ATTORNEY
SANDY LEVITICUS BRYANT 244 North College Ave Phone (317) 464-1463 Fax (317) 639-3318 ’Auto-Truck-Motorcycle Accidents 'Slip & Fall Accidents ’Wrongful Death Actions 'Wills & Estates
AUTO REPAIR & MAINTENANCE
Harriette Conn Williams MortgageConsultant Low Interest Rates Ha H No 01)1 of Pocket Fees Problem National Mortgage Center ^ " 1155 South 10th Street Noblesville, IN 46060
jiBlarli jforcst jtlotorsi AUTOMOTIVE PARTS & SERVICE 3520 N. Shadeland Ave. 317-546-6776 IMPORT SPECIALIST: Mercedes. BMW, Volvo, SAAB. Audi, Porche.Volkswagon, Japanese Imports .4 hOSCR Authored Service Center and A SAME Automotive Grouf Enterprise: bfm'i/>laciifomtmotors.com
Carpentry* Decks Concrete* Doors Ity^ Flooring • Windows ry Painting • Porches TKk ' Remodeling • Roofing Lie. Bonded & Insured Don Portis/Owner 317-403-8897 “Your Business Is Very Fax: 362-0802 Much Appreciated”
Homebuying Program
Attention! Act Now!! Want to own a home but credit issues are holding you back? We have helped many buy wonderful homes through our unique program! Call today for a free consultation! Bankruptcies, foreclosures, slow credit, no credit welcome: 570-1969
INSURANCE
Farmers Insurance Barry Dixon Group Auto .Home, Life, Business, Workers’ Comp. 1051 N. 10th Street Noblesville, IN 46060 Business: 317-774-0006 & 866-676-0006 Email :bdixon 1 @ fannersagent. com Don’t Pay Your Auto & Home Insurance Until You Talk to Me!!!
Buy A Home Sell A Home Refinance Consolidate Debt Stop Foreclosure Mfe Can Help! 317-373-4806
MidWest Funding Bancorp www.mwfmortgage.com Jocelyn-Tandy Adande, Notary Public Branch Manager 3833 N. Meridian St. Ste. 317 Residental, FHA/VA Commerical and Church Financing Slow Credit Or Bankruptcy OK Tel: (317) 925-5969 Fax: (317) 925-0503 Indiana Mortgage Banker and Broker
CharterWest Mortgage 100% Loan purchase or refinance Needs $50,000.00 cash Call today while rates are still low Nicole at Charterwest Mortgage LLC. www.bestloanguarantee.com Telephone 317-248-8934
SPA
Laurie’s Full Body Massage Kids, Job, Bills? Take the time out to relieve your stress, you deserve it. Laurie Langford Professional Massage Therpist 847-0436 IN. Home Appointments Available
WEIGHT MANAGEMENT
PYNKERTON WEIGHT MANAGEMENT SYSTEMS Roger Newton M.D.
317-257-7463 • Fax 317-255-0758 2102 East 52nd St. • Indpls, IN. 46205 FRUTA VIDA Acai Berry, A key ingredient For More info regarding weight loss call 317-290-7954 Free to join www.fmtavida4u.com/ mbgenterprise
This could be your ad Call the Indianapolis Recorder today! 924-5143
YOUR MONEY MAHERS
TEENS AND MONEY
By MICHAEL G. SHINN For the Recorder
A lot has been written about the miseducation of our youth concerning money and personal finance. However, JA Worldwide (Junior Achievement) is one group that seems to be making positive headway in teaching teens about money. JA Worldwide is the world’s largest organization dedicated to educating young people about business, economics and entrepreneurship. Today, JA Worldwide serves 4 million students in the U.S. and 2.6 million in 97 countries internationally. JA conducts an annual survey that provides some interesting information about the financial behavior of JA students. Three quarters of the teen-agers have savings accounts; two thirds feel that they have a significant influence on household buying decisions and about half have a job during the school year. JA Worldwide, through a grant from the Allstate Foundation, conducted the survey titled, “Teens and Personal Finance.” There were 1,065 students from 80 JA locations nationwide that participated. The survey participants ranged in age from 13 to 18+ years. The ethnic/racial mix of the respondents approximated the national distribution of the U.S population: Hispanic 13 percent; African American 11 percent; Asian 9 percent and evenly divided between males and females. For the survey participants: • 74 percent have savings accounts,
31 percent checking accounts and 16 percent own stock. • 67 percent indicated that they influenced household buying decisions. • 49 percent reported having a job during the school year. • 35 percent indicated that they received an allowance. • 11 percent own credit cards, with the percentage increasing with age. The Junior Achievement program teaches some important lessons about money and personal finance. I encourage you to get your children involved in the JA program if at all possible. Look at the Web site: www.ja.org for more information. However, there are some basic things we should be teaching our children about money. What is money? First, we have to help our children understand that money is one of many powers. It is a power that can help them achieve their personal and family goals. Money is green and does not have a race, religion or sex. We have to teach them about the value of money, through an understanding of the exchange of time for money. For example, if you make $10 per hour and buy an Usher DVD costing $20, you’ve exchanged two hours of your life to see and hear Usher sing. Our children have to understand the old saying that “time is money.” Are we teaching our children the value of both time and money and the necessity to use both wisely? Pay yourself first Our children have to understand that it is not how much money you make, but how much you keep that’s impor-
tant ! They have to understand that the secret is to pay yourself first and that their financial future is just as important as their landlord’s, grocer’s or clothing storeowner. We have to insist that our children save a portion of their allowance, summer job money or monetary gifts. Saving has to become a habit. Are we teaching our children that a dollar saved is a dollar earned? Make money work for you We have to teach our children to make money work for them. They have to learn about markets, investing and the benefits of compound interest. They have to understand basic accounting and the negative impact of taxes. We have to encourage them to read books and listen to tapes about making money, because they have to understand that their financial education is a life long process. As we wind down 2005, this is a good time to reflect on what we are teaching our children about money. Are we teaching our children to use their time and money wisely? Are we insisting that they pay themselves first? Do we explain the difference between working for money and having money work for them? Are we guiding them towards financial independence? Finally, are we practicing what we teach? Michael G. Shinn, CFP, registered representative and advisory associate of and securities offered through Financial Network Investment Corp., member SIPC. Visit www.shinnfinancial.com for more information or to send your comments or questions to [email protected].
Marsh explores possible sale of firm
Staff Report
Marsh Supermarkets Inc. announced this week it had retained Merrill Lynch & Co. to explore apossible sale of the company and strategic alternatives for the enhancement of shareholder value. According to a report from the company, it authorized Merrill Lynch to contact a limited number of prospective strategic and financial purchasers. But the firm indicated there could be no assurance Marsh will consummate a sale or other strategic alternative.
At the same time, Marsh reported a net loss of $3.4 million in the second fiscal quarter that ended Oct. 15 compared to net income of $1.3 million for the same period last year. The company also announced that the Board of Directors had determined to suspend the payment of future cash quarterly dividends on company common stock until the company improves its financial performance and its credit ratios on a sustainable basis. Marsh operates 70 Marsh supermarkets, 38 LoBill
Foods stores, 8 O’MaliaFood Markets, 160 Village Pantry convenience stores, 2 Arthur’s Fresh Market stores, and 1 Savin*$, in Indiana and western Ohio. The company also operates Crystal Food Services, which provides upscale catering, cafeteria management, office coffee, coffee roasting, vending and concessions, and restaurant management and Prime Banquet Catering and Conference Centers; Floral Fashions, McNamara Florist and Enflora — Flowers for Business.
HI-TECH ► Continued from D1 completing a database for work. This is ideal for those addicted to “Everybody Hates Chris,” “Desperate Housewives” or “Monday Night Football,” but have a deadline to meet. The Samsung SyncMaster is a large screen LCD computer monitor, a full-featured TV with a built-in tuner, a video monitor that incorporates composite video, S-video, component video for a DVD player, VCR, camcorder, security camera or any video device. (Starting at $1,700; www.samsung.com) Pioneer Avic-N2 Anywhere you need to go This piece of technology is much more than a GPS system, which is why it’s called Pioneer’s In-Dash DVD Multimedia AV Navigation Receiver. It keeps drivers better informed and entertains as well with detailed map information for wider area, intuitive touch panel operation, GUI with improved visibility, and CD/DVD playback. It also features an optional XM satellite radio tuner and delivers detailed traffic information in major cities with the XM NavTraffic service. ($2,200; pioneerelectronics. com)
iMac G5 Is it really there? The new iMac G5 is just as powerful as it is cute. It’s suspended from an anodized aluminum stand and combines the CPU, motherboard and drives inside its 2-inch-thick wide-screen monitor. It has a faster processor so users can retouch photos, talk on the phone and surf the Internet at the same time. ($1,299; www.apple.com)
BlackBerry 8700c Wireless innovation The BlackBerry 8700c Wireless Handheld helps balance the most hectic of lives. It integrates the latest advances in hardware, software and network technology. The 8700c operates on the latest high speed wireless networks and along with phone and e-mail includes 64 MB of memory, Intel® PXA901 processor at 312 MHz and allows access up to 10 supported business and/or personal e-mail accounts. It also has a sleeker design and faster performance. (Price not yet available for this new model, but older ones were about $300)
BUSINESS BRIEFS
Loans for small business The Small Business Administration (SBA) will conduct a business loan clinic on, Thursday, Dec. 8, from 1 to 3 p.m. at Old National Bank, 4805 E. 96th St. The clinic will provide guidance to prepare small business owners for meeting with a lender. Attendees will learn how SBA is involved in the loan process, what documents to take to the lender, and how to make a good first impression with the lender. An SBA business development specialist will also review SBA programs and services that can help an entrepreneur start or grow a business. Reservations are reguired. For more information or to reserve your space, contact Vernice D. Mathis (317) 226-7272 ext. 234 or online at www.sba.gov/in. Roland Dorson new chamber president Roland M. Dorson, a 15-year executive of the Greater Indianapolis Chamber of Commerce, was named the organization's new president. Dorson joined the chamber in 1991 as executive vice president. His previous jobs included vice president of the Indiana Retail Council, merchandise program development manager for a major Indianapolis retailer, media director and caucus assistant in the Indiana state Senate and press secretary for a gubernatorial campaign. Dorson will assume his new responsibilities on Jan. 1 to coincide with the departure of John Myrland who is leaving the chamber after 25 years to pursue a new career in the United Methodist Church.
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