Professional Equities - March 2021

Professional Equities - March 2021

Insider Passive Residual Income The March 2021 THEULTIMATEPASSIVERESIDUAL INCOME TM

- FROM THE DESK OF

Bill Moist

The freezing temperatures the week of January 14th caught north Texas off-guard. After all, the last freezing temperatures were April 11, 1989. Since freezing, snowy weather seldom lasts in north Texas more than a few hours, we don’t prepare for it. However, RV and boat repairs are very expensive when the freezing temperatures hit. A boat motor in freezing temperature that has not been winterized, could cost $30,000 to replace. An RV could have broken pipes, water heater leaks, and interior water damage on flooring and walls. This could cost as much as $5,000 and take several months to repair. To avoid the pain of freezing temperatures on RVs and boats, we have a solution. Our project under construction today will use SIP panels, which provide up to a 20-degree temperature decrease in the summer and up to a 20-degree increase in the winter. Heaters will be available at an extra charge. If you haven’t seen the design and details for the Dallas Luxury RV Resort & Storage, then check out our two websites:

PROUD TO BE AN ENTREPRENEUR HONORING MOM AND POP BUSINESS OWNERS DAY

America was built on the backs of small-business owners. Every day that entrepreneurs wake up, work hard, and grow their businesses, they have an impact on the community and the people they employ. And I’m not just blowing smoke. According to the Family Owned Business Institute in Michigan, family-owned businesses account for 78% of job creation in the U.S. and employ 63% of the workforce. Entrepreneurs, business owners, and families with a dream are changing lives just by putting in the hard work! At this time last year, our work got really hard. It wasn’t easy to navigate business ownership in the middle of a pandemic, but by working together and adapting, we were able to grow. March 29 is Mom and Pop Business Owners Day, and I want to encourage you to celebrate yourself a little bit — even if your mom-and-pop shop has grown to be much larger. This month, I want to celebrate all that we have accomplished and offer further motivation to fellow business leaders who are feeling tired, burnt out, and stressed. Here’s a great story from Mower County, Minnesota, that proves small businesses are what push our country forward. Mower County boasts about 40,000 residents, but what it lacks in size, it makes up for in heart. An alliance of small-business owners and residents make up a group the county calls Pay It Forward, which is dedicated to helping those in need in both big and small ways. When an elderly gentleman’s snowblower was stolen, Pay It Forward donated a new one. When a little girl in the community was born with brittle bone disease, Pay It Forward donated $2,000 to help the family cover

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medical expenses. When an elderly couple needed dozens of trees removed from their lawn, a local tree service in Pay It Forward volunteered to do it at no cost. The group has also donated funds for an adaptive bike and helped families update their homes to be more accessible, sometimes at a cost of over $65,000. With each action, Pay It Forward is doing more than giving back to its community — it’s creating a legacy and a foundation of people who step up to help their neighbors when times are tough. The group’s impact has been so widespread that it earned Mower County a spot on the annual “Nicest Places in America” list by Reader’s Digest, and I think that’s a worthy title. I believe the work Pay It Forward does in its community is powerful and worth celebrating. I know the residents and citizens who participate in Pay It Forward wouldn’t want much credit for the work they do, but they’re creating ripples in Mower County and setting a precedent that being a community member doesn’t mean you just live and work there. It means you help improve the lives of those around you. As small-business owners, we have a unique opportunity to do just that. I hope you’re as inspired by the small businesses of Mower County as I am, and I hope you will join me this Mom and Pop Business Owners Day and toast the hard work entrepreneurs do every day.

An African Rat Receives Prestigious Gold Medal for Saving Lives

But where did Magawa come from? A Belgium-registered charity named Apopo trained Magawa in Tanzania as part of the program HeroRATs where after a year of training, the animals become certified. This program has been around since the 1990s, teaching animals how to detect land mines and tuberculosis. Magawa only works for a half-hour during the day, but as he nears retirement age at 7 years old, Magawa has sniffed out 39 land mines and 28 unexploded munitions in his career. His tremendous work has now been recognized worldwide. In 2020, the U.K. veterinary charity PDSA gave Magawa its gold medal for “life-saving devotion to duty, in the location and clearance of deadly land mines in Cambodia.” Over 30 animals have received this award so far, but Magawa is the first rat. “To receive this medal is really an honour for us,” Apopo’s chief executive, Christophe Cox, told the Press Association news agency. “But also, it is big for the people in Cambodia, and all the people around the world who are suffering from land mines.” Now that’s a real hero if we’ve ever seen one. Thank you, Magawa, for all your hard work, and we hope you have a long and happy retirement ahead of you!

A metal detector can take anywhere from 1–4 days to detect land mines in the war-torn landscapes of Cambodia. However, a Gambian pouched rat named Magawa can detect them in 20 minutes. Magawa’s ability to sniff land mines has been lauded as “truly unique,” as he potentially saves hundreds of lives every day. Yet, he weighs a mere 2.75 pounds and is only 28 inches long. While that’s larger than your average rodent, Magawa is still light enough to safely step over land mines without setting them off. That’s been amazing news for Cambodians. The land mine problem began during the civil wars of the ‘70s and ‘80s, causing over 64,000 casualties and creating 25,000 amputees since 1979.

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Is Big Face Coffee Coming to You? The Coffee Shop Born in the NBA Bubble

questions like, “How on Earth is he making steamed milk with a French press?” But last September, things got serious. First, Butler filed more than $4,000 worth of trademark applications to protect the name “Big Face Coffee,” its slogan “No I.O.U.s,” and future Big Face apparel, including everything from hats to coffee beans. Then in December, rumors started flying that Butler had offered his teammate Bam Adebayo a stake in Big Face for a cool $2.5 million. According to Heat Nation, Adebayo turned down the offer, but now that he’s gotten a significant pay raise (he’ll make more than $200 million over the next five years), that could change. “And who knows, if Adebayo comes on board, we could be talking multiple locations,” writes Zac Cadwalader of Sprudge. “A Big Face Coffee on the corner

Last year’s NBA bubble, formed to combat the threat of COVID-19 infection, brought the world a year’s worth of entertainment — and a new coffee shop. That’s right: When the bubble rose at Walt Disney World in July 2020, Miami Heat all-star forward Jimmy Butler saw its bad coffee as a business opportunity. He opened Big Face Coffee and started pedaling cups from his hotel room. “I’m working on my coffee skills,” Butler told ESPN at the time. “After my career, I’m opening my coffee shop. Right now, I’m charging 20 bucks a cup. So if you want some, come through.” It’s true — coffee from Big Face costs $20 per cup, whether players ordered a size large or small, a pour-over, or a cafe au lait. As Food & Wine magazine put it, “His prices make Starbucks look like a little kid’s lemonade stand.” The story started out as a funny riff for the media, who asked

of every hotel floor in the 2021 playoff bubble. Just think, you could meet your special someone at a Big Face Coffee.” Big Face Coffee beans could soon be headed to a store or website near you. In the meantime, though, you’ll have to be content with making a $20 cup of coffee on your own French press, a la Butler’s Miami hotel room. Visit CoffeeHow.co/French- Press-Coffee for a guide to making the perfect cup.

Take a Break!

GREEN GODDESS SMOOTHIE

Inspired by AmbitiousKitchen.com

Ingredients

• 1 1/2 cups fresh organic spinach • 1 tbsp chia seeds • 1/2 medium avocado

• 1 1/4 cup unsweetened vanilla almond milk • 1 organic apple, peeled and chopped • 1 medium frozen banana

Directions

1. In a large, high-powered blender, add in all ingredients. 2. Blend on high for 1–2 minutes, or until all ingredients are well combined. a 3. If necessary, add in more almond milk to thin the smoothie. 4. Serve immediately and enjoy!

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INSIDE THIS ISSUE From the Desk of Bill PAGE 1 Thank You, Fellow Small-Business Owners! PAGE 1 Meet This Life-Saving Rat From Cambodia PAGE 2 The Coffee Shop Born in the NBA Bubble PAGE 3 Take a Break PAGE 3 Green Goddess Smoothie PAGE 3 Could an Electric Bike Replace Your Second Family Car? PAGE 4 Professional Equities, Inc. BILL 7CF

THE ULTIMATE PASSIVE RESIDUAL INCOME TM

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COULD AN ELECTRIC BIKE REPLACE YOUR SECOND FAMILY CAR?

2019 and says he has no regrets. “I can share our other car with my wife when needed. Or just take an Uber. I love the two electric bikes that I own and ride them religiously to do errands within 5 miles of the house.” What if your trek is longer than 5 miles? It’s tricky to say precisely how far a rider can go on a fully charged battery because an e-bike’s range is affected by speed and terrain. At a minimum, riders can expect to go 30 miles roundtrip without a problem. Some bikes can travel up to 100 miles on a single charge, and, as with electric cars, the technology improves every year. If range is less of a concern than speed, swapping a car for an e-bike may mean slower speeds and longer travel times, but not always. Top speeds vary by model and brand, but many get up to 20–30 mph. Also, you’ll save time by avoiding traffic and having to look for parking.

The U.S. has the most extensive road system in the world, so it probably comes as no surprise that U.S. households have two cars (1.88, to be exact) on average. This number has remained relatively steady since 2001, but in the last year, many people began to reconsider their driving habits in light of the pandemic. With professionals working from home and students schooling remotely, many family cars stayed parked in the driveway. While this helped save on fuel costs, car owners still had to pay for insurance, maintenance, and registration, which left some people wondering if owning two vehicles was necessary. Enter the electric bike (e-bike), an eco- friendly alternative, especially for those in two-car households.

There are, of course, some drawbacks. Highly rated e-bikes come with a hefty price tag — $1,200 at the low end and over $7,000 at the high end — which can be more than a good used car. They’re also heavy, which is bad news for anyone who needs to bring theirs up a flight of stairs. Finally, depending on where you live, e-bikes might not be a viable option for year-round riding. The bottom line is that if you’re looking to decrease your car-ownership costs, an e-bike might be a viable alternative worth looking into.

Forbes contributor Scott Kramer traded his second family car for an e-bike in late

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