Personal investing
74% of people do not think they will ever achieve high net worth status, survey finds
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people — 74% — don’t see themselves ever fitting into that category. When 2,209 adults were asked what they would consider high net worth, […]
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78% of workers are ignoring ‘the greatest money-making asset’ for retirement saving, says CPA
Saving for a secure retirement requires a number of money-smart strategies coming together, and in the eyes of workers, some factors seem more integral to success than others. Topping the list in a recent survey from Principal Financial Group: getting a matching contribution from your employer in your 401(k) plan. Nearly two-thirds — 62% — […]
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What we learned from the Biden, Harris tax returns, according to experts
President Joe Biden and Vice President Kamala Harris after Biden signed H.R. 55, the “Emmett Till Antilynching Act,” in Washingtonon March 29, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden and Vice President Kamala Harris have released their 2021 tax returns, and there are a few key takeaways for the average American, experts […]
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This 29-year-old makes $400,000 per year and owns 3 properties: ‘5 things I refuse to spend money on’
In 2018, I hit my first six-figure year as a freelance writer on Fiverr, earning nearly $300,000 in revenue writing blogs, press releases and website content for clients. Now, at 29, I have six streams of income — from freelance writing, influencer sponsorships, eBook sales, course sales, ad revenue and affiliate revenue. Last year, I […]
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Worried about rising inflation? With nearly risk free I bonds soon to pay 9.62%, here’s what you need to know
Eakgrunge | Istock | Getty Images Less risk often means lower returns. But that’s not the case with I bonds, an inflation-protected and government-backed asset, which may soon pay an estimated 9.62%. I bonds currently offer 7.12% annual returns through April, and the rate may reach 9.62% in May based on the latest consumer price index data. Annual […]
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‘There are so many ways to lose money.’ Advice for college athletes from former basketball player turned financial advisor
University of Arizona Wildcats guard Joe McLean plays defense against UCLA Bruins guard Kevin Dempsey during a Pacific-10 Conference game on Jan. 7, 1993. Ken Levine | Getty Images Sport | Getty Images Like many former NCAA college basketball players, Joe McLean had dreams of playing in the NBA. The 6’6″ forward played four years […]
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There are signs a recession could be on the way. Here are some ways to protect your savings
An inversion in Treasury yields has stoked investor concerns that a recession might be on the horizon, but strategists say there are steps you can take now to protect your savings. Morsa Images | E+ | Getty Images With a historical indicator of recessions flashing red this week, financial experts have shared their top tips […]
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The co-founders of Talea quit six-figure jobs to work in craft beer: In 2021 alone, they sold 450,000 pints
Nestled in a corner of Williamsburg, Brooklyn, is Talea Beer Co., the first women-founded craft beer brewery in New York City. With their lineup of playful, fruit-forward beers, including “Lunch Date,” “Mango Tango Tart Deco,” and “Overnight Oats Granola Butter,” just to name a few, Talea Beer Co. is hoping to entice a new kind […]
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Americans are pausing investments because of the Russia-Ukraine war. Here’s what it could cost them
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of stock market volatility may be a mistake, financial experts say. Two-thirds of Americans worry the conflict will hurt their wallets, with nearly half eager to save more […]
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