sharon epperson tells us what it is and could it be right for you?> reporter: dave stays on the go running a company that helps small businesses manage their social media presence. >> literally every minute is booked from morning until night. i use my calendar to track every single thing i do and really take advantage of every minute. >> reporter: the busy ceo doesn't like to complicate his schedule or waste time. especially when it comes to his health. >> you go to the doctor every six months wait in an office get seen by one of a dozen or two dozen doctors that happen to work at that office and have you for the day, you wait in the waiting room and wait in the doctor's office and then wait for billing. takes a long long time. >> he is one of a growing number of consumers could wants to see a doctor on demand. so he hired a concierge doctor a primary care physician who offers a greater degree of personalizeizeized attention. >> you have a busy executive, works 25 hours a day. what happens if i'm sick and down. here comes me. >> reporter: the number

>> personal finance correspondent sharon epperson joins was tips for money and future. wh do we start? >> the first place is talk to family, friends, colleagues. find out who they use. try to get a referral. but you also want to check them out and you want to figure out what type of person is best for you. do you want to work with an accountant, a certified public accountant, cpa. you can find one through the american institute of the certified public accountants online. and a cpa is licensed by the irs and can perfectly well do your tax return. and then some people want to go to a place they know like an hr bloc like a national tax preparation chain. >> i've gone there before. and i've been warned at times because you should be careful that a lot of people at the national tax places don't have a ton of experience and are just there as temporary workers. is that true? >> you should be careful anywhere. really theers is irs is coming to you. first, what is the tax preparation identification number. each person should have one of those. and they will be on yr return. and

sharon epperson joins me now to talk about the impact of freelance work on your future and your moneyaron? >> about one-third of workers are freelancing today, according to a national survey by the freelancers union. increase enough in numbers to make up half of the labor force in the next five years. >> freelancers, consultants, independent contractors. that will change not only their life but the way that corporate america works. >> why this huge number of people who are kind of self employed like this? is this because they want to be or is this because the other jobs aren't out there? >> i think it's a combination of both. how much of the u.s. workforce is underemployed. in order to get up to what they need to be making, a lot of folks are freelancing and others are saying this is a more entrepreneurial economy. while they're trying to figure out how to do that, they may have a corporate job or regular job while they're trying to figure out how to become more entrepreneurial in the future and freelancing while they're trying to figure out how to do that. >> what's the biggest thing

sharon epperson is here now with more on how do that. hair hey, sharon. >> how you doing. everyone wants to try save money and it is possible do it if you shop around. there was a survey and the average person pays over $360 because they don't shop around. stick with what they know and don't buy exactly the amount of insurance that they need. >> looking for exactly the amount you need. i guess that's just stuff that takes time. you are saying, do it. >> yeah. look around and see what you need. texas for example, you might pay $1400 on average but can you get something for a little over $1,000. you can save about 30% on your insurance. >> one old axiom that comes to mind is you get what you pay for. if you pay less for insurance, do you have to to worry they won't cover your claim? >> not necessarily. the one thing you need to look at is the deductible. they say i want a lower premium, i want a higher deductible. that's a good way to save on your monthly car insurance as well. but make sure that you can cover that deductible when the time comes. but you can save, you know,

joining us is sharon epperson to talk about the impact of freelance work on your future d money. >> aboutrd of u.s. workers are freelancing to predt workers will increase enough in number to make up half of the labor force in the next five years. >> we're talking upwards to 45, 50 million people all freelancers, consultant, independent contractors. that is not going change not only their life but the way corporate america works. >> why the huge number of people who are self employed like this? because they want to be in because the other jobs aren't there. >> i think a combination of both. and we talk about how much of the u.s. workforce is under employed and in order to get up to what they need to be making, others are saying this is a more entrepreneurial economy. soing ing to figure that out they may have their other job and trying to figure out how to become better in the future and freelancing to do that. >> and what is the biggest thing to before making the transition? >> one thing it's great to know you can be yn boss and set your own deadlines but to be a successful boss of yourse

joining me to explain it all is personal finance correspondent sharon epperson. what does this mean and what is fiduciary responsibility? >> that is the number one question your advisor probably does not want you to ask them. because they are helping you don't understand it. here is what you need to know. when you think about the fiduciary standard. say you go to a doctor who doesn't take insurance and she decides you just pay her. she writes you the precipitation for the best drug for you. looking out for your best interest. then there is a -- who wor who s for a pharmaceutical company. and he prescribes the drug that that pharmaceutical company makes. so it may be something suitable but not necessarily in your best interest. >> and just knowing that, making sure you are told or you are aware of these conflicts is a big part of it. >> that is a big part of it. there are three questions to ask y get beyond the fiduciary rule and look at what the things are you need to know, it lep you figure if they are fiduciary. ask your advisor. many people call them aed a vie

joining us is personal finance correspondent sharon epperson. what does this mean and what isfy fiduciary standard? >> think about how you go to a doctor and you go to a doctor who doesn't take insurance and she decides you pay her. she's going to write you a prescription for the best drug for you. she's not getting any type of compensation. then there's another doctor you go to who works for a parm suit cal company. that doctor prescribes a certain drug that that pharmaceutical company makes. it's fine but there may be another drug that's cheaper but they still give this drug from a pharmaceutical company that they are employed by. that is the suitability rule. >> just knowing that, i think, making sure you're told or you're aware of where these conflicts might potentially lie, big part of it too. >> there are really three questions you need to ask. if you get beyond the fiduciary rule. it will help you figure out, number one, ask your adviser, are you a broker, registered investment adviser, are you a certified financial planner? there are dif

sharon epperson joins us with tips for your money and your future. where do you start with this? place to start is talk to family, friends, colleagues, find out who they use and try to get a referal. you want to check them out and figure out what type of person is best for you. do you want to work with a certified public accountant? you can find one from aicpa.org. a cpa does a lot of tax plann g planning. an enrolled agent is licensed by the irs. you can find them through their association. and then some people want to go to a place that they know like an h&r block and you may find an enrolled agent there. >> i have gone to h&r block before and i have been warned because a lot of people at these national tax places don't have a ton of experience and are just there as temporary workers. is that true? >> you should be careful anywhere you go. this is your tax return. you need to make sure that you ask a couple of questions. what is the preparer tax identification number? each person should have one of those. that's going to be on your return. that's a big red flag. you want to che

sharon epperson reports that helped one small business owner fuel his rapid expansion. >> reporter: there's a special coffee craze brewing in new york city and joe coffee is at the forefront picking up the scene. >> once they discover sort of become part of your following, they won't go anyplace else. they find a way to go to joe seven days a week. >> reporter: joe coffee owner jos.en reuben stien said his business has a loyal following. that's to expand to 12 locations in just 12 years. >> 12 years ago, we really started by borrowing money from family from friends, we would give people little pieces of the business in exchange or just borrow money and give them interest. >> at some point we had to say, okay i've tapped all my family friends, everybody invested in this still have family members, so for money, eventually you have to go outside and look at lending. >> yes, that's where i turned to. we want a new shop. go raise the money. >> reporter: joe coffee coo opted not to use a traditional bank. >> we are at a new location. we want to get that lease signed before one of our competitors

. >> reporter: for "nightly business report," i'm sharon epperson. >>> coming up imagine starting your car, not with a key, but with your eyes. new technology that could prevent your vehicle from getting into the wrong hands. >>> here's a look at what to watch tomorrow as hampton pearson mentioned earlier in the broadcast. the consumer price index for february comes out tomorrow inflation always a key data point for the federal reserve. home sales expected to fall as bad weather kept prospective buyers away. and congress begins voting on its fiscal 2016 budget resolution. that is what to watch tomorrow. >>> well that didn't take long. we told you last week about starbucks' controversial initiative at generating dialogue about race relations. they will end a key component of that program. they will no longer write race together on cups they give to customers in order to spark conversation. starbucks said the move was planned and was not a reaction to the widespread criticism of the program. the company said it will continue with the other aspects of the project. >>> the death toll from

sharon epperson at hq. more than 10% of all homes in the usa are under water.d tomorrow the cleanup after st. patrick's celebrations will still be going on and especially at the dentist office. we'll explain why coming up. >>> welcome back. what is holding back the housing market. this story has been burning up cnbc.com all day. and here's alan mosler with the big reveal. >> diana olick's piece has been kicking it all day long basically taking a look at the latest numbers from core logic, negative equity, underwater houses, 5.4 million of them. that's where you owe more on the house than what you can sell it for. and that adds up to about 10% of the market. a retarding force on real estate going forward. people have been eating up that one. they've also been checking out the story we have about up in seattle, remember they voted in their own little minimum wage up to 11 bucks. it takes effect in april. a group of franchisees sued today, saying hey, wait a minute, you're lumping us in with all the big boys. we're just small business operators and why should we h

. >> sharon epperson cnbc business news. >>> up next at 11:00, a bay area teacher gets her students out of the classroom to focus on preservation, and we're going to show you their unique program. >> plus, what does a frustrated dad do? make an app, of course. it's solconvalley, how it's making drop off easier for parents. >> let's talk about the weather we're looking at today. lots of sunshine across the board. temperatures headed near 90 the cooler weather is headed our way this weekend. we'll talk more about that after the break. >>> there's an app called pick my kid, hoping to solve a traffic nightmare. any driver who has to pass through a school zone during drop off or pickup time knows it can be slow going. a dad is getting the lanes going nationwide with a new app. as they report the app could save school districts hundreds of thousands of dollars. >> a prosthat demands a lot of resources and patience. school drop-off and pickup lines. it's frustrating. >> the line on the other side is so long and the drop-off is so slow. >> my kids shot this cell phone video because while i'm at

. >> mark it's sharon epperson here. angel investors who are talking to you, who say they have money to invest and they're ready to do it now. whether they are doing it the smart way, the way that the angel resource institute says to do it. limiting their investments to 10% of their portfolio. perhaps spreading their risks by joining a syndicator or something where they can partner with many different people to do it? >> whati wish. >> what do you think is the best way to do it? >> i think you have to be very careful. that's where it's very analogous to being -- remember the old commercials? let's day trade. there were all kinds of warnings given back then and people ignored them because they saw the pot of gold at the end of the rainbow. angel investors are doing the same thing and now with crowd funding, it's going to create the perspective that it's even worse. now you can invest as little as $5,000. so you might be thinking you know, instead of getting my car fixed, i'm going to put my $5,000 in and hit a home run. t

>> exactly. >> sharon thank you. >> sure. >> sharon epperson back at headquarters.a bit of a gambling mood. up next, we'll roll the dice and see what the top stories are on the cnbc hot list. he was once the highest paid performer on the strip, and today everyone knows him as mr. las vegas. just ahead, wayne newton joins us to talk about the casino and the music business. stay with us. >>> welcome back. if and when the fed raises rates your money will feel it. how? that money burning up cnbc.com. what's on the hot list? >> we wrapped up a compendium of how an interest rate hike will affect your money. some of these are mortgages, car loans, so we felt it was good to get in front of people right now. they're eating it up. number two on the list tesla. a big subject today. we had elon musk do his announcement about you know new software to help range finding, but he also talked about a new automatic steering thing that he's trying out. >> oh, yeah. >> said it should be out in a few months. people are really eating that one up too. that's the subject du jour. brackets.

in today's panel to talk about it and what direction this market is headed with our very own sharon eppersond tay lakayla tausche and "fast money" trader tim seymour. dan, let me start with you. a pretty weak session today and i point to some of the market coverage. nobody seems to have a clue or can quite figure out this direction and what the next leg is. >> a lot of the weakness today came about later in the day. we had a fairly strong start to the morning and then some of the insurers started moving lower. this is all specific to today. >> this sounds like a rate thing, interest rate thing. >> rates moved lower today so there were a lot of -- there's in a general sense there's been a lot of debate. you would have thought had the fed said what they would have said you would have gotten a larger rate move in one direction or another. you've really divided the market even more than it was. everybody is backed off of june and moved in our camp which is september. i started the camp. >> very good. >> but that said there's an enormous amount of uncertainty in the market now, even more than pre

for more let's bring in sharon epperson.word when he recently said that 47% of phone calls will likely go unanswered. those that do get through will have an average waiting time of 34 minutes. what is going on here, sharon? >> well you outlined it very well. it's all about budget cuts and not really having the personnel there that they've had in recent years. talking about 13,000 employees that have lost their job there is at the irs over the last four years. and budget cuts that total somewhere around $850 million. so when that happens, you don't have the personnel. you don't have the technology to really get questions answered efficiently. that means taxpayers are going to suffer. >> why haven't they put any measures in place to offset the cutbacks? >> it's difficult to do so when you don't have the money or the people to do it. there are a number of folks there that are willing to answer those questions and able to answer those questions but they can only do so much with the personnel that they have. what they're now tell

cnbc's personal finance correspondent -- we love her -- sharon epperson. >> this is going to be reallysiness. i can deduct my travel expenses. true or false. >> false. >> i kind of -- you can deduct that meal. >> you can deduct that meal. but you can't deduct your travel expenses. not the travel expenses. they're a stickler on business versus pleasure. keep those receipts as well. >> your family and the client are eating together at the table. is the whole meal a write-off? >> it is a client dinner. if they're going to be very strict about it you probably just can cover the client meal. i have a guard dog for my business. i can deduct expenses for rt dog. food veterinarian bills. >> true. >> that's true. it is for your business ordinary and necessary business expense. you just have to prove that to the irs and you can deduct that as a business expense. i always put money in the collection plate at church. i don't go every sunday but it is maybe $350 by the end of the year. charitable contribution? false. because you want to make sure you have documentation. if they give it to you, you'