companies

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When you’re a pilot, buying life insurance is a bit complicated.

Many companies will see your occupation and worry that it’s too dangerous for them to cover.

I guess you could say the insurance industry also has a fear of flying.

As you know, flying a plane responsibility is not a dangerous activity. Statistically, you are safer flying your plane than driving a car.

Fortunately, there are so many highly rated insurance companies in the U.S that understand this point. With the right company, not only will your job not be an issue, it might actually work out to your advantage.

Problems for Pilots

In order to buy life insurance, you need to fill out an application describing your current situation. This is so companies can measure your risk as an applicant. Insurance underwriters not only consider your current health but also several other factors. Your job is an important part of this analysis.

Many companies consider flying to be an excessively dangerous activity. This is true for both commercial and private pilots. When you mention you are a pilot, there’s a good chance you’ll get rejected from many companies. Should you get a policy, the policy might charge extra because of your job, the same as if you were in poor health or had a bad habit like smoking.

Another issue is a regular insurance company may exclude aviation from your policy. This means that if you die while flying, your policy won’t pay the death benefit. These rules are unfair and you should not have to put up with this treatment.

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How the Right Company Can Help

When it comes to aviation, not all risks are equal.

  • What is your level of experience?
  • How much training do you have?
  • Do you fly commercially or recreationally?
  • What types of planes do you fly?

All these factors make a big difference and should be considered for your insurance policy.

An insurance company that specializes in pilot life insurance understands this and will be sure to collect this information. This process ensures that you will get a fair review and will get the coverage and rating you deserve.

In addition to all of the factors listed above, the insurance company is still going to want to know general information about your health and medical history. The better your health is, the more likely you are to get cheaper insurance premiums.

The more experienced the insurance company is with covering pilots, the better your chances of getting affordable rates and getting the coverage your family needs. They understand that flying an airplane is a perfectly safe activity and it isn’t going to cause your monthly premiums to cost a fortune.

Getting life insurance for your family shouldn’t break your bank every month. Your life insurance should be there if you ever need it, but it shouldn’t stretch your finances until then.

Special Insurance Benefits for Pilots

Your being a pilot could actually work out to your advantage. As you know, not everyone can become a pilot, especially a commercial one. It takes a fair amount of training and education to get a license. In addition, you need to be in decent health to fly a plane commercially.

As a result, pilots as a group are healthier and live longer than the general population. Insurance companies that realize this give out discounted policies to pilots.

Another benefit of a good pilot policy is that it will be portable to all jobs. If you get a policy through your work, it might only cover you at that airline. Should you change companies or move to another field, you’ll lose your insurance. With a pilot policy, that won’t happen.

Importance of a Broker

The pilot insurance market is quite large. The best company for your needs depends on many different factors like the type of aircraft you fly and the amount you fly per year. To get the best rate, you need to find a company that matches your situation. However, finding a good match can be very time-consuming.

Working with an insurance broker, like our company, saves you this headache. Our representatives understand the pilot insurance market. They can quickly match you up with the companies that make sense for your situation so you can easily track down the best rate.


 

Be Sure to Review Your Coverage

If you already have life insurance, congratulations! You’ve taken a big step towards protecting your loved ones. It would still be a good idea to contact our services for a policy review though, especially if it’s been a few years since you bought your policy.

Has your life changed over the past few years? For example, have you had more children or bought another house? Through our free review process, we’ll make sure that your coverage keeps up with your ever-changing life.  Not having enough life insurance can be as detrimental as not having a policy at all.

It could leave your family with more debt than they have the resources to pay off, which can put a serious financial strain on your loved ones after you passed away. There are dozens of different factors that could impact your life insurance needs. We can make sure that your plan is up to par. We’ll also make sure that your current policy doesn’t have any of the problems or exclusions because of your status as a pilot.

Regardless if you fly for your job or you fly for fun, you can get affordable life insurance. Your job or hobbies should never keep you from getting quality life insurance protection. A lot of pilots assume they will never be able to buy a life insurance policy they can actually afford, but that’s not true.

Being a pilot is only a problem for life insurance if you don’t plan properly. Make sure you are prepared to get the best possible coverage.

Source: goodfinancialcents.com

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Source: thesimpledollar.com

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When it comes to retirement planning, the term “pension” is becoming almost archaic.  According to the Office of National Statistics (ONS) only 35% of workers in the private sector paid into a company pension fund last year.  Most employers have adopted 401k plans and put the responsibility on the employee’s shoulders to take care of funding their own retirement.  While having control can be a blessing, it can also be a double-edged sword.  Especially, for those that don’t take the time to fully understand all of their investment options.  For those people, there just might be a solution.  It’s called the DB(k) pension plan and here are the rules on how it works.

401(k) Match + Pension Plan = DB(k)

What exactly is a DB(k) pension plan?   Essentially, it combines the benefits of an income stream of a pension with the matching of a 401(k) plan. Many boomers that still have pensions, love them because they know they have an income stream that they can depend on.  The DB(k) offers the luxury of that stable income with a matching contribution to boot.  Might be the closest example of having your cake and eating it too when it comes to retirement planning.

DB(k)s  Could Be Popular to Employees

Many small businesses will bypass a Simple IRA or a SEP IRA and go straight to the 401(k) plan purely because of name recognition.  Employees like perks and a potential employer with a 401(k) plan with a match sounds much more attractive that a SEP IRA.  The DB(k) has the potential to be the next household name of retirement plans.  Most workers that I come across that have 401(k)’s don’t really understand them.   Having a  pension-style income like the one Mom and Dad had, may be a safer and less complicated solution.

Are DB(k) Plans Expensive for Employers?

It’s tough to say.  With the recent adoption of these plans, it doesn’t seem that employers are rushing off to get these started.   I’m sure the slumping economy is the largest barrier.  For those companies that do start these, they most likely have a very good cash reserve.  However, it isn’t as if a business is funding two retirement plans at once. In fact, any businesses that offer both defined benefit plans and 401(k) plans may unite them in this new option.

Less Paperwork Makes Everybody a Happy Camper

Companies with 2-500 employees are eligible to have DB(k)s pension plans.  Where 401(k) plans must meet certain “testing requirements” for top-heavy rules, the DB(k) is exempt and with a plan document and one simple form 5500, your business is ready to rock and roll DB(k) style.

These plans are exempt from “top-heavy” rules, and a company can put one in place with just one Form 5500 and one plan document.  The cost of the overall plan is the question.  Being new plans, it’s hard to say, but based on most reports I’ve read the cost should be cheaper compared to having both a 401(k) and a pension plan.

Employee Benefits from DB(k) Plans

An income stream, an employer match and a really neat tool to save for retirement. In brief, the DB(k) has four compelling attributes:

  • Monthly Paycheck for Life. The income stream won’t replace an employee’s end salary, but it certainly will help. Employees that have worked for the company for a longer period of time are rewarded: the pension income equals either

a) 1% of final average pay times the number of years of service, or

b) 20% of that worker’s average salary during his or her five consecutive highest-earning years.

  • Automatic Enrollment for 401k. That employees save for the future by default. (They can choose to opt out.)
  • The company automatically directs 4% of a worker’s salary into his or her 401(k) account. The company also has to match 50% of that amount, which is vested upon the match. (Employees do have the choice to alter the contribution level up or down from 4%.)
  • It only takes three years for an employee to become fully vested in a DB(k) pension plan. So even if they leave the company, the money is theirs.

Is the DB(k) the Retirement Savior?

For now, it’s too tough to say.  The strongest benefits I see is the ability to offer more to your key employees.  If you’re able to offer a sweet retirement package, it may help retain and gather more productive and easier to manage staff.

Source: goodfinancialcents.com

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Incenter Diligence Solutions, a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market.

These new offerings complement the trading services provided by Incenter Mortgage Advisors, which is another member of the Incenter LLC family of companies focused on improving mortgage operations.

“In an active trading market, participants must be able to quickly identify and manage their short-term and long-term risks so that they can transfer assets with agility and seize new revenue opportunities,” said Pamela Hamrick, president of Incenter Diligence Solutions. “Incenter Diligence is streamlining obstacle-ridden diligence processes without making them cookie-cutter. We are customizing each engagement to address the unique goals, strategies, and best-execution practices of every client.”

Incenter Diligence’s due diligence team creates a tailored review scope for each buyer or seller based on factors such as seasoning, geography, performance, and other key portfolio attributes. The firm also offers individualized reporting and document delivery services.

These services encompass various MSR-related tasks, including acquisition reviews, data to document validation, compliance reviews, document inventory, trailing document reconciliation, servicing boarding audits, and pay history reviews.

In situations where loan servicing institutions are selling the servicing rights to thousands of loans at once, it becomes crucial to identify any potential issues that could affect the long-term collectability of these assets. Incenter Diligence addresses this need through its document management solutions, which involve scanning and automated data extraction using advanced technology.

This process allows for the rapid ingestion of all loan files, scraping critical data from the documents, and identifying discrepancies and omissions.

“Buyers and sellers need a diligence firm that can customize reporting in a timely manner. Sellers also benefit from a system for maintaining data consistency to ensure that they have all the elements regulators require—for CCAR purposes, for example. Our clients consider Incenter Diligence an invaluable partner in both these areas,” Tom Piercy, managing director of Incenter Mortgage Advisors, said.

Additionally, Incenter Diligence aims to enhance sellers’ visibility into their assets by transforming “information blobs” that contain hundreds of pages of variously formatted loan documents into one clearly indexed, easy-to-search resource in a single format.

Incenter Diligence Solutions provides due diligence and document management services for the mortgage industry, enabling originators and investors to streamline operations, reduce risks, and capitalize on growth opportunities with speed and agility. The firm specializes in supporting the MSR trading ecosystem and tailors its review scope and document delivery services to clients’ unique requirements.

This content was generated using AI, and was edited and fact-checked by HousingWire’s editors.

Source: housingwire.com

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Today we’ll take a look at the top mortgage lenders in Pennsylvania based on their annual loan volume.

The state of Pennsylvania is unique in that it borders both the Midwest and the Northeast.

This means consumers might gravitate toward a big NYC-based bank or a smaller, independent mortgage lender located closer to say Ohio.

Despite these regional nuances, the nation’s top mortgage lender also grabbed the top spot in The Keystone State.

Read on to see who the other big mortgage players are in Pennsylvania.

Top Mortgage Lenders in Pennsylvania (Overall)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $7.9 billion
2. Wells Fargo $7.3 billion
3. Citizens Bank $5.0 billion
4. Allied Mortgage Group $4.1 billion
5. Pennymac $3.2 billion
6. CrossCountry Mortgage $3.0 billion
7. AmeriHome Mortgage $3.0 billion
8. PNC Bank $2.9 billion
9. Newrez $2.9 billion
10. Freedom Mortgage $2.6 billion

You guessed it. The top mortgage lender in Pennsylvania was none other than Rocket Mortgage, which incidentally is also the nation’s #1 lender.

The Detroit-based company originated $7.9 billion in home loans last year, per HMDA data from Richey May.

That was enough to beat out second place Wells Fargo, which came close with $7.3 billion funded during the year.

In third place was Providence, Rhode Island-based Citizens Bank with $5 billion in home loan volume.

Allied Mortgage Group grabbed fourth with $3.2 billion, while big correspondent lender Pennymac took fifth with $3 billion.

Others in the top 10 included CrossCountry Mortgage, AmeriHome Mortgage, PNC Bank, Newrez, and Freedom Mortgage.

Three of the companies are actually based in Pennsylvania, including Allied Mortgage Group (Bala Cynwyd), PNC Bank (Pittsburgh), and Newrez (Fort Washington).

Top Pennsylvania Mortgage Lenders (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. Wells Fargo $3.0 billion
2. Allied Mortgage $2.4 billion
3. CrossCountry Mortgage $2.0 billion
4. Citizens Bank $1.8 billion
5. AmeriHome Mortgage $1.6 billion
6. Pennymac $1.6 billion
7. Rocket Mortgage $1.5 billion
8. Guaranteed Rate $1.4 billion
9. Prosperity Home $1.2 billion
10. Chase $1.1 billion

If we focus solely on home purchase loans, Wells Fargo topped the list with $3 billion funded in the state of Pennsylvania.

They were followed by Allied Mortgage Group with $2.4 billion and Ohio-based CrossCountry Mortgage with $2 billion.

It makes sense that both those companies did so well as home buyers tend to turn to local lenders when it involves a home purchase.

Citizens Bank took fourth with $1.8 billion, while AmeriHome came in a close fifth with $1.6 billion.

The rest of the top 10 included Pennymac, Rocket Mortgage, Guaranteed Rate, Prosperity Home Mortgage, and Chase.

Top Pennsylvania Refinance Lenders (for Existing Homeowners)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $6.2 billion
2. Wells Fargo $4.0 billion
3. Citizens Bank $2.8 billion
4. Freedom Mortgage $2.1 billion
5. PNC Bank $2.1 billion
6. loanDepot $1.8 billion
7. Newrez $1.8 billion
8. Allied Mortgage $1.7 billion
9. Pennymac $1.6 billion
10. Mr. Cooper $1.6 billion

If we filter the list to only include mortgage refinances, Rocket Mortgage was the top dog with $6.2 billion funded.

That was more than enough to beat out second place Wells Fargo’s $4 billion, and Citizen Bank’s $2.8 billion.

In fourth was Freedom Mortgage with $2.1 billion, followed by Pennsylvania’s own PNC Bank with a similar amount.

loanDepot, Newrez, Allied Mortgage Group, Pennymac, and Mr. Cooper rounded out the top 10.

So no major surprises here as existing homeowners often use big banks and household name-lenders when seeking a refinance.

Top Mortgage Lenders in Philadelphia

Ranking Company Name 2021 Loan Volume
1. Allied Mortgage $1.3 billion
2. Wells Fargo $1.2 billion
3. Rocket Mortgage $1.0 billion
4. CrossCountry Mortgage $823 million
5. Guaranteed Rate $798 million
6. New York Community Bank $750 million
7. Citizens Bank $744 million
8. Chase $608 million
9. AmeriHome Mortgage $579 million
10. loanDepot $557 million

Top Mortgage Lenders in Pittsburgh

Ranking Company Name 2021 Loan Volume
1. Citizens Bank $1.4 billion
2. PNC Bank $1.3 billion
3. Rocket Mortgage $1.2 billion
4. Wells Fargo $1.0 billion
5. Dollar Bank $942 million
6. First National Bank $686 million
7. First Commonwealth $493 million
8. AmeriHome Mortgage $481 million
9. Pennymac $413 million
10. Affordable Mortgage Advisors $408 million

The Best Pennsylvania Mortgage Lenders May or May Not Be Listed Above

It’s important to differentiate top and best, as one refers to size and the other customer satisfaction.

At the same time, the two terms can apply to one company, assuming it is both large and loved by its clients.

If we use the J.D. Power satisfaction survey as a barometer, Rocket was second on that list in 2021 (only beaten by Guild Mortgage), while Wells Fargo and Citizens were below the industry average.

Meanwhile, PNC was merely average, Pennymac below average, and Newrez was at the bottom of the list in terms of satisfaction.

Conversely, CrossCountry Mortgage ranked near the top just behind Rocket, and loanDepot also had solid marks.

In other words, company size and high ratings don’t always go hand-in-hand, so you need to put in the time to research.

Remember, you’re not buying a washing machine, you’re getting a mortgage that could stay with you for 30 years.

Take the time to read company reviews, check out third-party ratings websites, and ask for referrals from friends and family.

As I always say, you might find a small, local credit union or mortgage broker that is a better fit than a giant lender. Or you might want to go with a household name.

Either way, gather a few quotes and speak to a handful of different companies so you can get a better feel for what’s out there.

(photo: Doug Kerr)

Source: thetruthaboutmortgage.com

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With the housing market so competitive, and properties often going above asking, getting a mortgage can be a little more stressful.

One major component of the mortgage approval process is determining the collateral value of the subject property, otherwise known as the appraised value.

A bank or lender generally won’t approve you for a home loan without getting an independent appraisal first, at your expense.

Simply put, they want to know that the property you’re buying or refinancing is actually worth what you or the seller think it’s worth.

Even if you’re a stellar borrower with an excellent credit score and tons of money in the bank, a valuation issue can sink your loan approval.

While this typically isn’t a problem, it can muddy the waters if the appraisal happens to come in low.

The good news is we’re in a rising real estate market, with home prices experiencing their best annual gains in decades. They’re also at new record highs.

This means even a bid over asking could easily come in at value when the appraisal is conducted.

But what if it doesn’t? Often, the home buyer would need to make some adjustments to their financing to “make it work.”

The most common tactic is to put more money down to keep the loan-to-value (LTV) ratio at its original level.

Unfortunately, this isn’t always an option if a buyer is light on cash, and home sellers (or at least their listing agents) know this.

This is why they favor cash buyers over those who need a home loan to get the job done, and may balk if you request an appraisal contingency.

Introducing the Better Appraisal Guarantee

  • Keep all your locked-in loan terms (interest rate, APR, cash to close, etc.) regardless of the appraised value
  • Must be a conforming purchase loan on a primary residence with a loan amount below $822,375 and a minimum 10% down payment
  • Buyer must use a Better Real Estate agent or partner agent and get their mortgage from Better
  • May also qualify for up to 1% of the purchase price in lender credits to offset closing costs

To level the playing field somewhat, Better Mortgage has launched their “Better Appraisal Guarantee.”

In short, they’ll honor the monthly payment, mortgage rate, APR, and cash to close reflected on your valid locked Loan Estimate (LE), regardless of what happens with your appraisal.

For example, if you offer $600,000 for a house and put down 10%, and the value comes back at $550,000, Better Mortgage will still honor your locked mortgage rate and all the details behind it.

In this scenario, the LTV would actually rise from 90% to about 98%, which would generally require you to bring in more money at closing.

If you didn’t, either the loan wouldn’t get approved or at minimum you’d now need to pay private mortgage insurance (PMI) and the mortgage rate would theoretically be higher to compensate for greater risk.

Aside from these buy-side advantages, the seller would also benefit because you wouldn’t need to retool your mortgage. And as such, could close without delay and no concessions on their end.

In a sense, this would align it somewhat with the certainty of a cash offer (minus the rest of the mortgage loan process), which could also give you an edge in a bidding war.

This is similar to other products out there like HomeLight Cash Offer and BoardRE (now known as Accept.inc).

The caveat is that this new feature is for Better Mortgage customers who also use a Better Real Estate Agent or a Better Real Estate Partner Agent.

Like other companies, Better is trying to control more of the home buying process than just the mortgage piece via their “Better Real Estate” division.

To sweeten the deal, Better is also offering up to 1% of the home sales price in lender credits if you use Better Mortgage and a Better real estate agent.

In order to qualify, it has to be a conforming purchase loan with an amount less than $822,375, with a down payment of at least 10% on a primary residence.

To sum things up, if you don’t already have a real estate agent and like Better as a mortgage lender, this could be a pretty exceptional value-add.

Of course, always put in the time to shop around with other lenders and real estate agents to ensure it’s the right fit.

Read more: Get Up to $6,000 in Amex Statement Credits If You Use Better Mortgage

Source: thetruthaboutmortgage.com

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This may seem like a silly question. But, everyone needs to know…

What frugal billionaire eats almost every breakfast at McDonald’s?

While this billionaire isn’t as famous for their glamour shots as most on The Hollywood Gossip, they still drive many thought-provoking questions.

And today’s starts with breakfast…

Combined with is the market up or down?

I am sure you have all heard by now that McDonald’s is one of the most frugal places to eat, but how about a billionaire eating there for breakfast?

Every. Single. Day.

What frugal billionaire eats almost every breakfast at McDonald’s?

Warren Buffett, one of the richest people in the world, has a surprisingly frugal breakfast routine. Every day, he eats breakfast at McDonald’s.

Shocking, I know.

So why does Buffett eat McDonald’s every day for breakfast?

It likely has something to do with the low cost and convenience of the restaurant. He enjoys the food there, calling it “normal stuff.”

If you want to save money or a simple breakfast option, following Warren Buffett’s lead might be a good idea. Just head to your nearest McDonald’s for some cheap and tasty grub!

What does he eat for breakfast?

Warren Buffett is a famously frugal billionaire, and he has a particular fondness for McDonald’s breakfast items.

This is the rumor of how Buffett decides what to eat in the morning:

  • If the premarket or stock market is up, he chooses a bacon, egg, and cheese biscuit.
  • If the premarket or stock market is down, he opts for two sausage patties – a cheaper option.
  • When the market is flat, he selects a sausage McMuffin

In 1975, the Egg McMuffin was about 63 cents at the time! Today, you would expect to pay $2.79.

This may not seem like much, but it’s an important part of his billionaire morning routine.

How can you save money on breakfast like the frugal billionaire?

There are many ways to save money on breakfast like the frugal billionaire.

One way is to cook at home, which can be a cheaper option than eating out.

Another way is to eat leftovers from dinner the night before, or pack a lunch instead of buying food at work. You could also try skipping breakfast altogether or buying food from a less expensive restaurant.

Whatever you do, remember that being frugal doesn’t mean sacrificing your health or your happiness.

There are plenty of affordable options for breakfast (and every other meal) that can help you stick to your budget without feeling deprived. So go ahead and enjoy that delicious breakfast McMuffin from McDonald’s—you deserve it!

How much is Warren Buffett worth?

Warren Buffett is an American business magnate, investor, and philanthropist. He is the chairman and CEO of Berkshire Hathaway, and he has a net worth of $114 billion as of May 2022, making him the world’s sixth richest individual.

Buffett runs Berkshire Hathaway, which has over 60 organizations and owns such companies as Geico, Duracell, and Dairy Queen. In addition to his primary occupation, Buffett is also a noted value investor and has been referred to as the “Oracle of Omaha”.

Buffett initially purchased stock at the age of 11 and first documented taxes at 13 years old. He made his first million in 1962 when he sold shares in Graham-Newman Corp., where he worked for Benjamin Graham (a well-known value investor).

Buffett’s wealth has largely come from two sources: investments and dividends/interest payments on stocks he holds.

In late 1995, Warren Buffett bought a few shares of McDonald’s stock–and now owns more than $2 billion worth. However, he isn’t just interested in fast food; Buffett also owns sizable stakes in Coca-Cola Co., IBM Corp., Wells Fargo & Co., and American Express Co.

Yes, this is over 10 figures.

How much does Warren Buffett make per second?

Warren Buffett is without a doubt one of the most successful businessmen in the world.

According to Strive.co, it is estimated Warren Buffett makes $165 a second!!

Over $9,915 a minute, which is higher than most people make in one month! In fact, it is almost double the average monthly salary for someone making 60000 a year.

Buffett’s Long-Term Success

Buffett’s success comes from his ability to make smart investments and focus on long-term success rather than short-term gains. He is also very generous with his wealth, having given more than $41 billion to charitable causes over his lifetime.

Despite being one of the richest people in the world, Buffett remains humble and focuses on making decisions that will benefit his shareholders (per-share) rather than just increasing his total net worth.

This approach has served him well over the years and made him one of the most successful investors ever.

In fact, Buffett is one of the most quoted people especially for millionaire quotes to find success.

Warren Buffett Diet

Warren Buffett is a well-known billionaire and one of the most successful investors in the world. What you may not know, however, is that Buffett has a rather unhealthy diet. In fact, he drinks five cans of Coca-Cola products each day and eats mostly junk food.

An odd way to get the calories you need.

Buffett’s poor eating habits have raised eyebrows in the past, but it seems to work for him–he has the lowest death rate among his age group. His diet consists mostly of breakfast and lunch, with no desserts or snacks throughout the day. This may seem surprising given how unhealthy his diet is, but as Buffett himself says, “I’m not sure I would recommend my diet for everyone.”

Buffett’s diet is legendary and often studied by business people and students alike. He credits his success to eating what he calls “normal stuff for a six-year old.”

McDonald’s Stock Forecast

McDonald’s is an American icon. It has been around for over 60 years, and it has graced the faces of millions of Americans as they have enjoyed their morning meals.

In fact, McDonald’s is part of the Dow Jones Index. One of the top 30 companies that make up the stock market (source).

After reading this article, you may think that Buffett has something to do with keeping McDonald’s stock forecast rising.

How did Warren Buffett get Mcdonald’s gold card?

In an interview with CNBC, Buffett revealed that he has a card that allows him to get free McDonald’s anywhere in the world. This has caused some speculation, as it’s not clear how Buffett got the card or if it’s even real.

However, Bill Gates, Mitt Romney and Buffett are confirmed to have such a card.

In fact, the McDonald’s Gold Card is not just for celebrities and billionaires. “Supposedly,” any customer can get one by spending $2 million or more at the fast-food chain. The card entitles the holder to free food for life.

Now, you can play their Monopoly game for a chance to win a Mcdonald’s VIP Card. By winning a VIP Gold Card you will be able to claim a one-time free meal at McDonald’s every week for an entire year once using the My McDonald’s app.

Even Warren Buffett, one of the richest people in the world, frequents McDonald’s for breakfast and has a Gold Card to prove it. Yet, no photo of Buffett and the Gold Card.

How to Get the McGold Card with this Sweepstakes

Now, it is your time to get the coveted McGold card!

Not just for celebrities anymore!

You have the chance to win a “lifetime” supply of Mcdonald’s. (the fine print says up to two meals per week for fifty (50) years)

First, you need to download the McDonald’s app and be enrolled in the MyMcDonald’s Reward program.

Next, every time you make a purchase during the duration of the contest, you receive an entry to the sweepstakes, up to once per day.

Or, you can enter without making a purchase by clicking this link from December 5 through December 25 and entering once per day for the duration of the contest.

**The McD’s For Life Sweepstakes is only from December 5-25, 2022.**

Does Warren Buffett own McDonald’s?

No. Warren Buffett does not own and operate a McDonald’s Franchise.

However, he made an investment in the company that surprised many people – he invested in McDonald’s because he loved the franchise model.

He has invested in other well-known consumer brands such as Apple, Coca-Cola and Gillette. This gives us some insight into his investment philosophy–Buffett believes in buying businesses with strong fundamentals that will be around for a long time.

Top Warren Buffett Stocks By Size

At the end of Q4 2021, these were the top 10 Warren Buffett stocks by the number of shares:

  • Bank of America (BAC), 1.01 billion
  • Apple (AAPL), 887.1 million
  • Coca-Cola (KO), 400 million
  • Kraft Heinz (KHC), 325.6 million
  • Verizon (VZ), 158.8 million
  • American Express (AXP), 151.6 million
  • U.S. Bancorp (USB), 126.4 million
  • Nu Holdings (NU), 107.1 million
  • Bank of New York Mellon (BK), 72.4 million
  • Kroger (KR), 61.4 million

Specifically, this is what his company Berkshire Hathaway is invested in.

While Buffett has never authored a book himself, there are many books about him, his investment strategies, and his philosophies.

His life story and investment techniques are fascinating. There are a variety of books about Buffett, but some are more satisfying to read than others. Some books focus more on his life and achievements, while others focus on replicating his investment style.

Warren Buffett McDonalds breakfast

As you have now learned, Warren Buffett, one of the richest men in the world, has a particular fondness for McDonald’s breakfast menu items.

He has been photographed eating breakfast at McDonald’s locations almost every morning.

The billionaire investor says that he enjoys the food and finds it to be a cheap and convenient option.

He sticks to ordering sausage patties and eggs, or bacon and eggs from the menu.

Now, the questions to ponder, are you going to continue this frugal billionaire’s breakfast routine?

Or should you follow his investment advice instead…

Buffett has been quoted as saying “the greatest challenge is not in the selection of the right stocks, but in sticking with sound investments despite uncertainty.” In order to emulate Buffett’s investment strategies, it is important to be patient and remain committed to your investments through thick and thin.

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Source: moneybliss.org