Money Advice Is Usually for Middle Class People, Not the Poor

Allow me to elaborate. “Poor person brain” is when you’re just about out of your mind stressed about how you don’t have enough to get by. Despite the fact that I currently have $45.90 in my bank account to last through next week, it’s not uncommon to treat myself to a burger after a particularly grueling week.

Source: Money Advice Is Usually for Middle Class People, Not the Poor

Amazon’s new credit card makes a play for small businesses

Amazon and American Express on Tuesday introduced the Amazon Business American Express Card — the online giant’s first credit card for the small business segment. The co-branded credit card has no annual fee, offers greater visibility into each transaction, and provides an enhanced checkout experience on Amazon Business and Amazon.

Source: Amazon’s new credit card makes a play for small businesses

Stripe is testing cash advances, following Square and PayPal’s moves into business finance | TechCrunch

Stripe, the fast-growing payments startup that is now worth over $9 billion, is working on a new product to help it fill out some of the gaps in its product suite as it bids to become the go-to financial services partner to startups and other businesses.

Source: Stripe is testing cash advances, following Square and PayPal’s moves into business finance | TechCrunch

The 3 Types of Income and How They’re Taxed

Earned, interest and passive income are three distinct forms of income you may have, and a variety of different tax implications your income might have. With that in mind, here’s a rundown of the three main categories of income and what each one could mean to your tax bill.

Source: The 3 Types of Income and How They’re Taxed

Square is considering offering investment and savings products through its Cash App 

Square has more ambition than to be a competitor to Venmo and Paypal. It wants to be your bank.  BTW, I have a Cash App account, and I use it to budget for discretionary expenses.

“Anything you do today with a bank account, you should look to Cash App to begin to emulate more and more of that,” says Square CFO Sarah Friar.

Source: Square is considering offering investment and savings products through its Cash App – Recode 

 

Amazon launches Storefronts portal to court Small Businesses

Amazon has launched Storefronts, a new section of its site that only lists products sold by small businesses. This seems to be a bid to compete with Shopify, Etsy and other e-commerce portals. The portal is a sort of promise ring to the SMB community that sells on Amazon, as it vows to promote smaller companies and help their products stand out among the millions of businesses that sell on the site.

Source: Amazon launches Storefronts portal to court SMBs | ZDNet