Business

Anything from starting a business to working in a corporate environment.

Apple Has Nearly $256 Billion in the Bank

Episode 1381

Apple Headquarters in Cupertino

With most of its money stashed in Irish banks, Apple's $246 Billion is tucked safely away from the US Tax Code. So much so, that they've created a separate Irish subsidiary which then licenses Apple's own intellectual property back to Cupertino. It's all the same corporation, mind you, but it enables them to avoid taxes in the US. And it's completely legal. They have more money in the bank than the GDP in Sri Lanka, and the 13th largest country in the world, if it were a country.

How could my son get a job in IT?

Manny from Parkland, FL

Episode 1337

Manny's son wants to get into IT, but he's wondering how he could get a job. Leo says that certifications are the diplomas of the IT world. Microsoft and Cisco has CERT programs. He should look at the certs he wants to get and then sign up to get that training. There's even a hacker cert for those who want to work in IT security. Leo suggests ITPro.TV for getting the right training to qualify to test for the certs. Once he gets that first job, then it depends on how good he is at it for getting that second job.

How can I see if my identity has been stolen?

Mike from Hawthorne, CA

Episode 1199

Mike needs to buy a new hard drive. Leo says they've gotten really large and really cheap. He could get a 5 TB hard drive for under $150. And SSDs have dropped below $1 a GB.

Back in 2013, Mike noticed he's had several negative dings on his credit. Leo says to check out his credit report to see if there's fraud or other inaccuracies it. If so, he can challenge them. But if he's a victim of identity theft, it's a hard thing to convince not only the credit agencies, but also the credit card companies and the IRS that he's had his identity stolen.

Why don't I get a PIN with my new chipped credit card?

Larry from Santa Barbara, CA

Episode 1199

Larry has gotten a new credit card and it has a chip on it. Leo says that America has finally gone to the chip and PIN system, and we are now in the process of transitioning to it. The problem though, is that he didn't get a PIN with it, and he wants one. Leo says it's a steady transition. First chip and sign. Then we'll get PINs within a few years. But it's odd that American Express, which has a worldwide presence, wouldn't go with a PIN for it.