Cheat Sheet Q&A:


Topic:  How the GM employee pricing works

Bottom Line:  As a follow up to yesterday’s story regarding the GM employee pricing option that’s being offered to owners of recently recalled GM vehicles I received this note from an insider.
The way this works is the customer gets a coupon/approval code for the employee purchase.
The dealer sells the vehicle for 6% below invoice price less any dealer fees. The dealer then uses
the code just like he claims a rebate (enters code in the rebate field) when he reports the sale and
receives a 6% of invoice credit just like a rebate.

So key your eyes out for the code information if you’re interested in the employee pricing on a new vehicle purchase. 

If you have a topic or question you’d like me to address email me:

Audio Report:


Florida’s job growth was on fire in April as we continue to outperform:

Bottom Line:  Florida’s private sector jobs growth was the second best in the country overall and on a percentage basis was the best in the country for April. 

According to the ADP private sector jobs report for April Florida created 22,250 jobs.  There continued to be across the board job growth broken down as follows:

By Select Industries

·         Natural Resources/Mining and Construction              3,800   

·         Manufacturing                                                            490

·         Professional and Business Services                          4,800

·         Trade, Transportation and Utilities                             4,570


Here are some other impressive breakouts:

  • Florida accounted for 10% of the total job growth and we have just 6% of the population

It’s also worth noting that we are seeing this ramp up in job growth as we exit the traditional snowbird season.  That means that the demand on the ground must be strong and we should be expecting an exceptional summer vacation and tourist season. 


Audio Report:




Update to the ACA mess – what you likely won’t get anywhere else:

Bottom Line:  When I last updated you on ACA nearly two weeks ago I articulated the dramatic disparity between the number of reported exchange based policies being championed by the Obama Administration and those that had actually been paid for and thus were in force.  I have a new update for you that sheds more light on what’s really going on here. 

As we’ve been going through this earnings season we’ve learned a great deal regarding the exchange based ACA policies from the publically traded health insurance companies like United Healthcare and Aetna among others.  Because they have to disclose all of their business and financial activity we can see what’s really taking place.  Here’s what we know:

  • The 8 million policy figure counts people who attempted to sign up for plans on multiple occasions each time they attempted to sign up
  • The average rate of signups actually paying for policies has remained static at 80%

So remember in the first few months of the exchange how people would attempt to start a policy via the exchange but couldn’t finish the process?  All of those unsuccessful attempts were counted by the Obama Administration as healthcare policies.  What we don’t know is just how many of the fictional 8 million falls into this category.  So here’s what we do know.  Even if all 8 million were unique individuals, the best case scenario for actual in force policies would only be 6.4 million based on 80% actually paying for the policies.  But since an indeterminate number of the 8 million are duplicates we know the number will far short of even that number.


Audio Report:





Do you know everything that affects how much you pay for auto insurance?:


Bottom Line:  Auto insurance is the most heavily advertised industry today.  You’d think that based on the number of companies advertising and the volume of information being exchanged about cost savings; we’d know what really impacts our cost for policies.  There is a chance you may not realize all of the factors though.  Many don’t according to surveys from and Princeton:


The other takeaway here is that if you do have life changes you should remember to contact your existing auto insurance company because you may be able to save without even changing companies.  For example if you get married, if you were unemployed and obtain employment or if you had been renting and now you own your home – these are all changes that would save you money. 


Audio Report: 



A handful of Florida cities are among the best in the country to start your career:


Bottom Line:  The folks at analyzed cities across the country to determine where you have the best opportunity to start a career.  While Florida didn’t have any rank in the top 20, we did have a handful inside of the top 50.  The methodology they used factored in quality of life factors & professional opportunities for career growth.  First here at the Florida based cities in the top 50:

·         Pembroke Pines #49

·         Miami #46

·         Fort Lauderdale #42

·         Orlando #28

·         Tampa #21


Here are the top 5 overall:

  • Minneapolis #5
  • Seattle #4
  • Irving (Texas) #3
  • Denver #2

And as for #1…  What city never goes into a recession?  Yes you guessed it…  WashingtonD.C.

For the complete survey:


Audio Report: