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Serving Over 20,000 US Medical Transcriptionists

Most financial advisors say when you receive a windfall...

Posted By: Rad MT on 2007-07-04
In Reply to: What would you do? - jenny

After paying any necessary debts, etc., put the remainder in a CD or money market account and let it accumulate interest for a while so you can consider your options. You don't want to jump into (or out of) anything on the spur of the moment.


I guess the question is, is this a job you want to keep? If so, I think the advice the MTSO below gave is great - talk to your supervisor or lead, explain the situation, and ask if you can take some time off and still have a job waiting for you when you get back.


If it's not a job that you want to keep, then don't worry about it. Quit, spend some time with your daughter, then look for another job. You will certainly have enough money to tide you over!


P.S. For financial advice, check out one of Dave Ramsey's Endorsed Local Providers in your area. (link below) Look at the top right corner of the page under Trusted Services. Their goal is not to tell you what you should do with your money, but teach you how to make the right decision about your money and investments.


Good luck and CONGRATULATIONS!!!!!!





LINK/URL: Dave Ramsey


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Windfall...sm
Has anyone been watching this new show?  If so, what do you think?  So far, I kinda like it, but I'm wondering if it's just because I'm so desparate to watch anything halfway decent on TV right about now!!!
See if there is financial aid available,
including work-study and/or grants. If you're developing an injury, please make a change before you become disabled. I worked as a historian in a hand surgery office, and sometimes you have to just stop. Good luck to you.
If you qualify for financial aid

You might want to consider looking into EVCC. It is a community college that uses the Career Step courseware, but you have instructors and accept Pell Grants and Stafford Loans.


EVCC grads get the same consideration from employers as Career Step grads.


I am having a bad financial hardship
any kind of help, but not enough to seem to get by on.  Oprah has a debt diet and I am going to try it.  Also I recently joined Debtors Anonymous, for anybody with money problems.  I hope it helps, it seems to have so far.  Good luck to both of us.
Does it serve your financial needs?
The main criteria for any job wage would be whether you think it is a fair trade for your skills and will it provide what you need it to financially.

I personally would not work for $15 an hour. However, your needs may be different from mine. I also have other options. You may not.

It is a very subjective question and one that only you can really answer.

Any financial wizards
out there.  Hi guys I am wondering if I could get some suggestions on my 401K.  I am really dumb about numbers.  Give me big medical words and I am fine, but not numbers.  Anyway, we just switched to another financial management for our 401K.  I cannot remember what managed portfolio I had picked years ago.  Would you, in this day age with the way the stock market is, go with an ultraconservative 100%, conservative 20(stocks)/80(fixed), balanced 40(stocks)/60(fixed), balanced 60(stocks)/40(fixed), aggressive 80(stocks)/20(fixed), or ultra aggressive 100% stocks.  Can anyone help me out here?  TIA
This is exactly why my financial advisor said
:)
To any financial wizards out there. SM

Does anyone know about when a company says it has profit sharing what that exactly  means.  Is it the same as them matching the 401K contributions, or is it separate outside of the 401K distribution?  Also, is it usually paid directly to the employee or invested by the employer?


Thanks to anyone who can help.


Financial Assistance???
I am currently a full-time-college-student-but-otherwise-SAHM. Pretty soon we'll be needing more money, but I have neither time nor resources (day care around here is INSANELY expensive) to work outside the home. I've been doing the reasearch and have come to the conclusion that MT is a good job option for me.

The problem is the training is sooo expensive! I mean,if we didn't need the money I wouldn't be looking for the training to begin with--so obviously I don't have $1600-4000 up front for the training. And most of the payment plans I see aren't looking much better--like $1000 up front, $350 every month after that. Right now that's just not feasable.

Are there any MT schools that offer reasonable financial assistance? Or, I'd even be cool with a payment deferment plan or something!

Anybody know of a school that's willing to help the financially strapped?
Do you ever feel the financial crunch?
My house payment and insurance are auto debited from my checking account.  However, work has been so slow and my paychecks have been so puny that I need to get more money in there to cover those.  I've called everyone on the planet that owes me money, but nobody's coughing it up.  I'm the one that posted the other day about the medical company and the IRS owing me money from way back.  I wouldn't have a problem at all if they would just pay me.  I've tried picking up extra work and looking for a new job, but there's nothing anyone can do that would pay today.  I don't want to take my rings to the pawn shop because I don' t think I'd get a whole lot out of them anyways.  Interest on those check cashing loans is terrible, then you get sucked into that cycle of borrowing from them repeatedly.  I've already cut my household expenses back as much as possible.  I'm just so stressed about it all.  Has anyone else ever been in this situation?  What do you do?  I can't stand being broke.
More important to me is keeping my financial

info within the US.  HIPAA allows many uses of unidentiable medical records to be distributed in many ways even within the US, not to mention overseas.  There is no law that keeps my financial information confidential and within the boundaries of the US.  Very little truly identifible information to connect medicall record A with a particular person other than by name is sent anywhere, even to MTSOs within the US. 


Who wants my medical information?  The College of Surgeons to help them identify ethnicities and trends in cancers, the AARP to help target demographic groups for products they sponsor and to "represent" when they pay their professional lobbying group in DC, the auto industry to decide my premiums, and on and on.


I got a Walmart credit card, was 7 days late in sending in my $10 minimum payment and got a call from India for collections.  ????  Mailed in the account balance and closed the account.  Then called all my credit companies to find out where their call centers were located.  I now have only financial business with companies who keep my records in the US.  That is my choice.  There ARE 2 cases of people who sold US financial records being proscecuted by the Indian government and a total of 5 people are in jail for this.


To the OP, share with us your thoughts.


Michael:  You've been missing a lot of work.  Peter:  I wouldn't really say I've been missing it.


I know it's not the best financial decision, but (see message)
I have no money problems and can afford to have payments each month.

I lease strictly out of convenience. I don't like to own a car for more than a few years. I don't want to deal with the hassle of selling a car once I no longer want it or deal with repairs. I want a car that's always under warranty and that I can give back easily when I'm done with it.

If I were not financially stable, I would definitely purchase a reliable used car, but where I am in life right now, I just don't need to. Leasing is a convenience for me, and it's one that I'm willing and able to pay for.
Do not lease. Big financial mistake for you. (nt)

Depends on mom's financial situation maybe....sm

I would assess the need of the mother and child and then give appropriately. Boxes of diapers and wipes are always appreciated and are sure to get used!


late pay and financial situation
No one is responsible for my financial situation however my check is not a payroll check -I am a professional subcontractor and once a contract is signed or a client (MTSO or other) tells me or I tell them when I will be paid they are legally responsible to do so within a reasonable amount of time for mail delivery.

If I told my electric company - sorry but can't pay now, hold off until I can - my electric would be shut off - with fees added on. Why is it that transcriptionists feel they are less important to a client than anyone other professional?

Charge them fees and pursue it - as a subCONTRACTOR you are entitled.

As for D&L - I cannot note the new name - but I can say that more initials but same people. I choose to be quiet about the new name so that others who maintain some sort of employment there do not lose whatever small thing they have. Eventually this will change and you will see it prominently displayed I am sure. At the moment they are not advertising at all, so I feel comfortable in my decision to remain quiet on the name.
The financial gurus always say when starting a new
business/career you should have enough money in the bank to cover 6 months of expenses.  
this applies to MT, right? (link for financial assistance)
link:  http://www.doleta.gov/programs/factsht/taa.cfm

something has to be done to help people losing jobs to foreigners...

it says you need 3 or more workers to apply...

also, it aint going away, ladies: 

Other projections include:




  • 10 percent of U.S. technology jobs will have moved offshore by 2005 (Gartner Group)


  • up to 25 percent of traditional IT jobs will be relocated from developed to developing countries by 2010 (Gartner Group)


  • 500,000 financial services jobs (8 percent of all U.S. jobs in banking, brokerage and insurance) will be shipped overseas by May 2008 (AT Kearney)


At recent financial aid seminar, I was told...

Although I am married and it doesn't pertain to me...


The financial aid officer told all the parents there that if their child is 22, living with them or not, their finances will be looked at and considered when the kid goes to college.  So if you boot your kid out the door at 22, consider the fact that if you make too much money, your kid may not be able to afford to go to college without your help because their student loans, scholarships, etc. will be based on both the student's income and the parents.  If they are married or have children parent's income is not a factor, only the student.


google greendot financial and read
x
Prayers and well wishes are just as important as financial help...
sorry you don't see it that way...
Here's their revenue for the past three years and other financial data.

MQ's debts are not high either.


http://news.biohealthmatics.com/PressReleases/2005/08/19/000000002719.aspx


leasing is same as renting a house, never the best financial choice...sm
bottom line is somebody is making money off of you leasing. If they didn't make money off of you, they wouldn't lease. Same thing with renting. Renters always cover the mortgage and repairs on a home while the owner reaps the benefit of building equity. Now cars are a little different as they definitely depreciate while homes do not (usually!) but as I said, if they weren't making money doing it, they wouldn't do it. You can easily find a traded-in used vehicle with 50,000 or less at a dealership. Get one of the yearly reports from Consumer Reports and you can find which cars are the most reliable (for example, Buick LeSabres - those things run 4ever). Best financial move is to buy it from a private party with cash. I mean showing up with the whole offer in $100 bills. Few people can pass that up. If you can't get the money together to buy a car outright, you will for sure never get ahead driving someone else's car and paying them for the privilege of it. And you are just kidding yourself if you're driving around in a "new car" that you can't even afford to buy.
Terrorist attacks in Mumbai/financial districts.

Dozens killed in India terror attacks






Buzz up!

Like this story? Share it with Yahoo! Buzz



There now are reports of as many as 80 people dead -- a number that is likely to rise -- in apparent terror attacks aimed at tourists and travelers in Mumbai, India.


Oberoi_fire Reuters is reporting that at least 250 people have been wounded in the attacks, which appear targeted at tourists. In addition, Indian television is reporting Westerners are being held hostage at at least two hotels. News networks and wire services are reporting there have been at least seven separate attacks in the city, largely at luxury hotels and restaurants.


"I heard some gunshots around 9:30. I was with my friends. Something hit me. I ran away and fell on the road. Then somebody picked me up. I have injuries below my shoulder," Reuters reporter Sourav Mishra said from a hospital bed, Reuters reported.

The Times of India
reports there have been eight separate attacks, including a major terror strike at a large passenger railway station.


Our coverage is here.


(Television broadcast capture of a fire at the Oberoi hotel in Mumbia courtesy NDTV, via AP)


Update at 3:57 p.m. ET: According to the AP, gunmen are known to have attacked a major train station, a well-known restaurant, two luxury hotels and a police station. A previously unknown group calling itself "Deccan Mujahideen" has sent e-mail to news organizations claiming responsibility for the attacks, the Times of India is reporting. The AP now lists the death toll at 78. There are multiple reports that attacks are continuing.


One of those radio financial guys said debit cards are the MOST dangerous to use.
s
who did you receive it from?

Can't you ask if you can receive more of them?
xx
where/how did you receive this?
i receive spam emails, but nothing so closely related to what i do as a job...

i dont understand how our jobs can be sent to people that cannot form correct English sentences.

i will NEVER understand this business anymore, and that is why it is time for me to get out of it.

Experience doesn't matter anymore. if they can pay someone as cheap as possible to get the work done, they will do it. And the MT's that accept it hurt the rest of us that deserve more.

im so sick of it! those of you that make good money, count your blessings! A few years ago I was making 50K... now not even CLOSE with the technology and outsourcing...

who stays in a job where their salary has been cut almost 50%?
Manufacturing computers offshore is different than PRIVATE MEDICAL AND FINANCIAL INFORMATION. sm
you need to compare apples with apples not oranges.
RE: You will not receive a 1099 if
you made less then $600, but the IRS will receive a copy of your earnings regardless. You have to claim all of your income no matter what the amount. Of course, if you made under $600, most likely the tax will be minimal if any.
I receive 2 different CMT incentives.
Two of the companies I work part-time for provide a CMT incentive. One of them pays an extra 1 cent per line and the other, I get 0.005 (half a cent) per line for a CMT incentive. These are on top of my production incentives and quality incentives (at one company).

It does mean extra money and I know what it means to me personally.

Nevermind the naysayers here. They are bitter about quite a long list of things in the MT world.


Hi. I emailed you. If you didn't receive it please
let me know on here so I can try again. THX
most impacting gift I could ever receive
My husband took my two children to the local mall where an artist scetched their portrait. He put their portrait in a beautiful frame and wrapped it for me to receive on Christmas.
I did not receive your email...could you please resend? nm
nm
She did receive helpful information.
Information that she can use and information that she may not want to acknowledge but is still true.
It is rare, but not extinct to receive a

reply regarding how you fared on your test.  For those of you who are presently going through this situation, I would suggest going back and reading the email you sent requesting the information.  Often times online, the inflections in our words are misconstrued.  You may be wasting time imaging the worst.


Second solution; just forward a copy of your original email to them; it only takes 10 seconds.


How to receive daily digest?-please help

Many, many months ago I somehow figured out on this site how to receive a daily digest through email each day and I enjoy that.  Now I would like to tell a couple MTer's how to receive this Daily Digest as well, but am not able to find the directions on this site again.  If anyone could tell me how to sign up for the Daily Digest, would greatly appreciate it.  Thanks. 


I receive dss files with new version of ES

I just downloaded the newest version of ES, 4.17, a couple of days ago and I receive dss files fine.  There was a couple of glitches in the "settings" which I had to change, but now plays fine.


Another possibility:   I know when I first downloaded the free ES on my second computer, I could not listen to the files, but it was because I had a different foot pedal on that computer and so I had to go in and make some changes concerning the foot pedal settings in ES. 


Are you able to play the files using just the hot keys? If you would like to compare the "settings" which I have on my computer for ES to yours, let me know and I can do that either by email or phone. 


How do you receive your dictation from clients
I had used transcriptiongears call in system at one time, but it was too expensive for me.  I want to try to pick up another client, but wondered what is the most cost effective method to receive their dictations.  Any advice?
It will still work, but will not allow you to receive updates.
.
Do you receive a statement along with the card? nm
nm
You claim it in 2009. If you did not receive
it in 2008, it does not matter it was owed, only what you received in the calendar year.
i did receive account stability pretty much with TT sm
did not start at 9; started at 8 and stayed there. supervisors were easily accesible and very friendly. one computer tech not so friendly nor helpful. lots of bonuses when behind on work with TT. i quit due to ESLs and went back to clinic work.
You will receive an E-mail from the administrator tomorrow. nm
x
We did not receive your email with your glossary attachment
Hi Kim,

According to our records, Marianne sent you a file to resolve the issue. I still did not receive your email with the glossary attachment and I am not sure why it did not come through to my email but Marianne was able to receive it and she replied with the file attachment. Did you still have trouble after receiving Marianne's email? If so, please let us know and we will give you a call so we don't have to worry about having any more lost emails. :-)
welcome, you dont' pay to send out or receive until you go over a certain limit. sm
i use several different email addies with them so that when i run out of room, i change to a different acct to send work/receive work.
additionally, ask, as well as receive, written documentation.
.
Cannot send/receive mail in Outlook Express

I am able to connect fine to my dial-up ISP. I have not been able to receive/send any E-mail from Outlook Express today at all. I can receive the mail from that account through my Yahoo web site and am able to go to what is callled Mailstorm, through my ISP, where junk mail is filtered and so everything works fine that way. Any ideas on what the problem could be?


I have contacted my ISP via E-mail but have not received a response yet so that makes me wonder if there is not an issue on their end.


Any suggestions would certainly be appreciated.


Looking foreward to input that you receive. Last year bought a
MatMassager by Homedics, 5-motor Full Body Massager with heat for hubby & myself - just on a fluke. I was desperate and out of ideas for something different, it was on sale, thinking it wouldn't really meet the claims that were advertised on the box.

Well, my fluke purchase far exceeded my expectations. It ended up the "favorite" choice of gifts. Hubby & I love it - as did children & grandchildren. Amazed everyone as to how fantastic it felt - with those trying it not willing to get up in order for someone else to try it out.

As far as just a back massager cushion - I really can't offer an opinion - though am also looking into this for myself while working. If I find out anything,I'll post my feedback for you.

Personally, after trying the MatMassager,with major trepidation, yet with such positive input, I wouldn't be afraid to try anything made by Homedics/Shiatzu. As with anything - read all guarantees, warranties., etc. As happy as I am with what I purchased through such, I imagine there are those with just the opposite experience. Just giving you feed-back on "my" experience to date!!

URGENT REQUEST: An MT that we sent a box of gifts to did not receive the package.

It was delivered to their porch according to UPS but she did not get it.  It contained gifts for her children.  Because we did not put insurance on the package, UPS will do nothing to assist.  The box alone to ship had cost $45.00 and insurance would have cost another $25.00.  It is a sad story, but what it boils down to is that the kids won't have a Christmas.  All monies in the Santa's House for Christmas Angels fund have been dispersed through the Christmas Angel program.


So, I am here to ask for help.  I would like to raise $150 to $200 today if at all possible and for anyone who donates $10.00 or more to this special cause, I will give a software package that contains a word Expander and spellchecker that is worth over $100.00 for your trouble.  Donations can be made to sales@mtstars.com via Paypal.


Again, thank you for your consideration.


 


MT week, did anyone receive recognition from your place of employment?
AND, have you ever done anything for others that are MTs?  If you work for a national, ever send them a basket of cookies or anything for MT week?  Do you really thing curiosity killed the cat?
I use efax -- can receive unlimited faxes for free. sm

I have a fax machine, but rarely send faxes, so it works out well for me.  I do not have to tie up my phone line waiting for a fax -- it just comes to me via email.