American Jewelry & Loan's Financial Literacy Seminar

April is Financial Literacy Month: Resources from Greenpath Financial Wellness

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April is Financial Literacy Month and American Jewelry and Loan is proud to partner with Junior Achievement, Operation Hope, and Greenpath Financial Wellness, to offer Financial Literacy workshops for our customers. Learn more about upcoming events HERE.

From our partners at Greenpath Financial Wellness, here are five quick tips to help you on the path to financial wellness this year.

1. Open a separate savings account to force yourself to build an emergency savings fund. Make it separate from your main financial institution, with no ATM card, so you will be forced to go into a branch to withdraw money.

2. Educate yourself. Check out some books on personal finance or subscribe to a magazine or personal finance blog.*

3. Pull your credit score and report. A good way to start the year is to find out exactly where you stand financially. Download your credit report (one free each year from each of the three main reporting bureaus) at www.annualcreditreport.com.

4. Plan ahead. Get in the habit each night of preparing for the next day: Packing lunches, prepping breakfast and dinner.  That way you will not be tempted to buy convenience food on the run, because you are rushed.

5. Unsubscribe. Remove the temptation of impulse buying online by unsubscribing from retail email.  This can take some time, but, ultimately, you will save time and money by not being bombarded with emails “deals”, tempting you to buy.

Read the full article at www.greenpath.com. 

Click HERE to RSVP for our Financial Literacy Workshop in Pontiac!

 

American Jewelry & Loan's Financial Literacy Seminar

Financial Literacy Workshop coming to Pontiac

By | In the News | No Comments

In October 2016, American Jewelry and Loan was proud to host a Financial Literacy workshop that’s the first of its kind in the nation. In partnership with Junior Achievement, Operation Hope, and Greenpath Financial Wellness, the aim was to help people understand how to make smart decisions about money. The response was overwhelmingly positive.

Now, a new workshop date and location is being announced. On Tuesday, May 16th, 2017, American Jewelry and Loan will host a Financial Literacy workshop for Alternative Lending customers from 5-7 pm at their Pontiac Location. That store is located at 546 North Telegraph Road in Pontiac. (Click HERE to RSVP)

The workshop will teach attendees “good habits that build good lives,” said Margaret Trimer-Hartley, President and CEO of Junior Achievement of Michigan, which is one of the groups hosting the workshop.

“We’re trying to just raise awareness,” she said, and “we’re doing it at an earlier age.”

Trimer-Hartley said financial literacy can be taught through explaining investment strategies as simple as opening a savings or checking account.

According to the Federal Deposit Insurance Corp., 7 percent of Americans did not have a bank account as of June 2015.

Without a bank account, households are often left with no choice but to turn to check-cashing services and other non-traditional methods to make transactions most Americans see as routine. Others often take loans that dive-bomb their credit scores because the terms of the loans aren’t often clear or easy to understand.

The workshop aims to mitigate some of those problems.

American Jewelry and Loan and its partners hope to bridge a gap he sees between his customers and people who turn to banks for loans. “My customers don’t have access to the traditional banking system,” he said. “Our customers deserve the same opportunities as everybody else … An informed customer is a better customer.”

His family has had a pawn shop in Detroit since the 1940s. Gold said the workshop stems from conversations he had with the Detroit Chamber of Commerce at the Mackinac Policy Conference over the summer, where financial literacy was often talked about.

He intends to define the difference between a loan from a pawn shop and loans from banks and other agencies that, if not paid back, can damage someone’s credit.

Trimer-Hartley said the workshop will touch on investment options, teach the importance of saving for retirement, of health insurance, and will help attendees understand the difference between renting and buying homes and the importance of good credit.

Having a checking or savings account is considered a cornerstone of financial stability in the U.S. Without one, households must rely on check-cashing services, prepaid debit cards and other costly ways to pay bills and make routine transactions. But the situation is improving: For every 10 households that were unbanked in 2013, one of those households is now banked.

While the gains were modest, the results of the survey from the FDIC offered an encouraging sign. The FDIC report was the most recent piece of data showing that the economic recovery is beginning to positively affect those at the bottom.

The improving economy likely had some effect on why more Americans opened bank accounts. Not only did more Americans making less than $15,000 open bank accounts between 2013 and 2015, but the number of Americans making less than $15,000 also declined.

“The poor have more money in their pockets, and more are able to afford bank accounts,” said Aaron Klein, a fellow in economic studies at the Brookings Institution.

There are several reasons why people choose not to have a traditional bank account. Some do not trust banks or want to avoid their fees, or they have privacy concerns, according to the FDIC’s report. There is also a perception among the unbanked that bank accounts are not for the poor. More than half of unbanked households said they believe banks are “not at all interested” in serving households like theirs, the report said.

But the No. 1 reason why Americans say they do not have a checking or savings account is that they believe they do not have enough money to get an account. The FDIC said roughly 57 percent of all unbanked households cited lack of money as a reason not to have an account, and roughly 38 percent of those same people said that was the main reason.

*NOTE: This article is comprised largely of information first reported in a Detroit News article.

RSVP to Financial Literacy for Alternative Lending Customers

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This workshop invites alternative lending customers to learn more about their options and understanding their options when they need access to short-term cash. Thanks to our presenting partners, attendees will also learn more about breaking the cycle of debt, budgeting, and improving their credit scores.

Tuesday, May 16

5pm

American Jewelry and Loan Pontiac

546 N Telegraph Road

Pontiac, MI  48341

 

Attendance is free and refreshments will be provided, but seating is limited, so please RSVP below:

Your Name (required)

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Entrepreneurship Master Course Final Day 1

Day Three- Entrepreneurship Master Class

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ENTREPRENEURSHIP OAKLAND–MASTER CLASS

At the third and final segment of our Entrepreneurship Oakland Master Class, the panel shared insights that continue the conversation about success in business leadership.

This week’s expert panelists included: Vladimir Gendelman from Company Folders, Tonya Acha from Asentiv, Matthew Farrell from Core Partners, Damany Head from the Pontiac Regional Chamber and TNE Ventures, Wesley Mathews from High Level Marketing, and Rob Cote from Security Vitals.

 

Most of our distinguished panelists are members of the Entrepreneurs’ Organization – Detroit Chapter. Learn more about EO Detroit at www.eonetwork.org.

 

 

Three Tuesdays in March: March 14, 21, 28th
8-9:30am
American Jewelry and Loan Pontiac
546 N Telegraph Rd, Pontiac, MI 48341
COST: $185 per person
Includes: Attendance at all three sessions, materials, certificate of completion, refreshments, and a FREE Individual membership in the Pontiac Regional Chamber

SESSION ONE: TUESDAY, MARCH 14TH
Negotiating for Entrepreneurs
Business Planning Basics
Untangling the Red Tape
Networking Best Practices

SESSION TWO: TUESDAY, MARCH 21ST
How to Conduct Market Research
FREE Community Resources for Business Owners
Finding the funding
Legal & Financial Considerations
Marketing, Advertising, and PR

SESSION THREE: TUESDAY, MARCH 28TH
Accounting and banking basics
eCommerce and Digital Marketing
Business Wisdom from a Pawnbroker
Commitment to Community

Learn more in this article from Crain’s Detroit.

DOWNLOAD A FLYER.

Presented in conjunction with the Pontiac Regional Chamber:

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Day Two – Entrepreneurship Master Class

By | Business, from Staff | No Comments

ENTREPRENEURSHIP OAKLAND–MASTER CLASS

On March 21, 2017, aspiring entrepreneurs and community leaders met for the second of three panel discussions in the Entrepreneurship Oakland Master Class, presented by American Jewelry & Loan and the Pontiac Chamber of Commerce. The panel discussed utilizing free resources available within local communities, conducting market research, social media best practices, marketing, how to find funding for your business or organization, and more.

This week’s expert panelists included: Matthew Farrell from Core Partners, Vladimir Gendelman from CompanyFolders.com, Rob Cote from Security Vitals, Lisa Crawford-Palmer from Studio 8 Fitness, and Devan Green from Pontiac Library.

Les Gold, third generation pawnbroker and owner of American Jewelry & Loan, joined the panel to offer his expertise. His son and business partner, Seth Gold, moderated the panel and contributed his own business wisdom.

Missed the first two panels? You are still welcome to join us for the final panel discussion this coming Tuesday, March 28- click HERE to register! The third segment of our Entrepreneurship Master Class will navigate topics such as eCommerce and internet marketing, accounting and other financial topics, and community involvement. Each of the hourlong sessions in the course are conducted over coffee and refreshments.

The Entrepreneurship Oakland Master Class is a series of conversations conducted amongst a panel of successful business owners and leaders. Each of the three panels will provide plenty of hard-won business wisdom from experienced entrepreneurs. These conversations, moderated by American Jewelry and Loan’s own Les and Seth Gold, invite some of the region’s most successful and experienced business owners to share their experiences on topics ranging from accounting to marketing, hiring, networking, and more! Participants are sure to leave full of new ideas and strategies to make their business successful and profitable.

Most of our distinguished panelists are members of the Entrepreneurs’ Organization – Detroit Chapter. Learn more about EO Detroit at www.eonetwork.org.

Course fee of $185 includes all materials, a certificate of completion, refreshments, and an individual membership in the Pontiac Regional Chamber. All proceeds benefit the Pontiac Regional Chamber.

 

Three Tuesdays in March: March 14, 21, 28th
8-9:30am
American Jewelry and Loan Pontiac
546 N Telegraph Rd, Pontiac, MI 48341
COST: $185 per person
Includes: Attendance at all three sessions, materials, certificate of completion, refreshments, and a FREE Individual membership in the Pontiac Regional Chamber

SESSION ONE: TUESDAY, MARCH 14TH
Negotiating for Entrepreneurs
Business Planning Basics
Untangling the Red Tape
Networking Best Practices

SESSION TWO: TUESDAY, MARCH 21ST
How to Conduct Market Research
FREE Community Resources for Business Owners
Finding the funding
Legal & Financial Considerations
Marketing, Advertising, and PR

SESSION THREE: TUESDAY, MARCH 28TH
Accounting and banking basics
eCommerce and Digital Marketing
Business Wisdom from a Pawnbroker
Commitment to Community

Learn more in this article from Crain’s Detroit.

DOWNLOAD A FLYER.

Presented in conjunction with the Pontiac Regional Chamber:

index

 

 

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Les Gold speaks at the Pontiac Entrepreneurship Course.

Day One Entrepreneurship Master Class

By | Business, from Staff | No Comments

ENTREPRENEURSHIP OAKLAND–MASTER CLASS

On March 14, 2017, Les and Seth Gold hosted the first in a series of three panel discussions focused on sound business practices and entrepreneurship. The expert panelists included:

Greg Coyne from Gerry Weinberg & Associates

Matthew Farrell of Core Partners

Rob Cote of Security Vitals

Tonya Acha of Asentiv

Todd Palmer from Diversified Companies

“Several of our panelists are members of EO Detroit,” said Les Gold “So these are people who have not only proven their ability to launch a successful business, but are also keenly aware of the benefits of networking with their peers.”

Those who are interested in learning more about the series can click HERE to register and take advantage of this incredible opportunity — two more information-packed sessions remain!

Photos by Michael Sanchirico

This three-week course is targeted for entrepreneurs and business leaders who are ready to get seriously successful in their business. These conversations, moderated by American Jewelry and Loan’s own Les and Seth Gold, will allow some of the most successful entrepreneurs in the region.  Participants are sure to leave with actionable strategies for taking their organization to the next level.

Check this page frequently for Speaker Spotlights (more coming soon): Todd Palmer, Tonya Acha, Vladimir Gendelman, Wesley Mathews.  and Lisa Crawford.  Most of our distinguished panelists are members of the Entrepreneurs’ Organization – Detroit Chapter. Learn more about EO Detroit at www.eonetwork.org.

Course fee of $185 includes all materials, a certificate of completion, refreshments, and an individual membership in the Pontiac Regional Chamber. All proceeds benefit the Pontiac Regional Chamber.

 

Three Tuesdays in March: March 14, 21, 28th
8-9:30am
American Jewelry and Loan Pontiac
546 N Telegraph Rd, Pontiac, MI 48341
COST: $185 per person
Includes: Attendance at all three sessions, materials, certificate of completion, refreshments, and a FREE Individual membership in the Pontiac Regional Chamber

SESSION ONE: TUESDAY, MARCH 14TH
Negotiating for Entrepreneurs
Business Planning Basics
Untangling the Red Tape
Networking Best Practices

SESSION TWO: TUESDAY, MARCH 21ST
How to Conduct Market Research
FREE Community Resources for Business Owners
Finding the funding
Legal & Financial Considerations
Marketing, Advertising, and PR

SESSION TWO: TUESDAY, MARCH 28TH
Accounting and banking basics
eCommerce and Digital Marketing
Business Wisdom from a Pawnbroker
Commitment to Community

Learn more in this article from Crain’s Detroit.

DOWNLOAD A FLYER.

Presented in conjunction with the Pontiac Regional Chamber:

index

 

 

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Screen Shot 2016-07-07 at 9.03.27 AM

Now Hiring: Check out our job postings from MITalent.org

By | Business | No Comments

American Jewelry and Loan sets the industry standard by providing the best pawnbroking experience to anyone that connects with us. We are looking for sharp, motivated individuals who will be central to our family-owned business.

Learn more on our INDEED Career page or at the MITalent.org listings below:

Controller: https://jobs.mitalent.org/job-seeker/job-details/JobCode/7579273

HR Generalist: https://jobs.mitalent.org/job-seeker/job-details/JobCode/7575912

Retail Sales Manager: https://jobs.mitalent.org/job-seeker/job-details/JobCode/7468437

Warehouse: https://jobs.mitalent.org/job-seeker/job-details/JobCode/7368704

Loan Processors: https://jobs.mitalent.org/job-seeker/job-details/JobCode/7372257

Les and Seth Gold Present at Dixie Pawn Convention

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Screen Shot 2017-03-12 at 10.31.20 PMLes and Seth Gold presented a talk entitled ‘Facing Your Fears and Mapping out your Future’  to a group of peer pawnbrokers in Gulf Shores, Alabama as guests of the Dixie Pawnbrokers Educational Conference.

In it, they shared their own personal stories of success and challenge and some of the tactics that they have used to bridge their company’s historical success to a sustainable future.

They’ll be speaking to the Midwest Pawnbroker’s Convention in May.

 

 

Speaker Spotlight: Lisa Crawford — Entrepreneurship Oakland Master Class

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We’re thrilled to welcome some of the most dynamic and successful entrepreneurs in the region to the panel for our Entrepreneurship Oakland Master Class.

Lisa Crawford, co-founder of Studio 8 Fitness, will be sharing insights about social media marketing for small business and building a business from the ground up. Lisa Started Studio 8 Fitness with her partner and best friend in January 2015. Within 30 days of opening the studio, it was a profitable business. Within 6 months of being opened, they had tripled the revenue and client base and have moved into a new studio that is triple the square footage of their original space. Lisa bases her quick success to social media marketing, referral based business and executing creative ways to have customer engagement that makes repeat business a sure thing.

Studio 8 Fitness is a group fitness studio specializing in Yoga, Zumba, Barre, Cardio Tone, POUND, and Floor & Core classes.

Studio 8 provides a safe, supportive environment for all ages and fitness levels. This studio is your “one stop shop” for fitness. Clients can experience a wide variety of classes that will keep their fitness routines exciting, challenging and beneficial for a total body workout.

Lisa and her business partner, Donna,  are thrilled to have a place for their students to come and experience a great workout, while at the same time creating friendships and a sense of community. They have successfully built a space that is about their students – a place where people feel comfortable to be themselves and challenge themselves with new fitness goals.

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