Personal saving
Wealth requires long-term effort, says ‘The Art of Spending Money’ author: Getting rich quickly won’t cut it
Alistair Berg | Digitalvision | Getty Images When it comes to how we approach money, “no one is crazy,” Morgan Housel wrote in his bestselling 2020 book on building wealth, “The Psychology of Money.” And when it comes to the way we spend money, the decisions we make are just as personal, Housel, a partner […]
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Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s
Key Points Americans age 60 and older are reporting being victims of imposter scams in increasing numbers, according to the Federal Trade Commission. They sometimes lose all the savings held in a bank account or 401(k), the agency said. There are ways to avoid getting scammed. Source
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Emergency funds are a ‘security blanket’ for 401(k) savings, Vanguard researcher says. Here’s why
Key Points Workers with emergency funds of at least $2,000 are less likely to raid their 401(k) accounts, according to Vanguard research. 401(k) “leakage,” such as cashing out an account upon job separation, hurts households’ retirement security, experts said. Saving even $10 to $25 per paycheck into an emergency fund can make a difference. Source
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Beauty is an ‘insidious force in women’s financial lives,’ says ‘Rich Girl Nation’ author — here’s how to overcome it
Katie Gatti Tassin Courtesy: Katie Gatti Tassin There are many unique hurdles that women face when it comes to money, such as the wage gap and caregiving responsibilities. Yet, there’s another challenge in women’s financial lives that is less-discussed — beauty costs, which can be an “insidious force in women’s financial lives,” said Katie Gatti […]
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Gen Alpha are spending big — here’s 2 tips to raise money savvy kids in a world of instant gratification
Smiling teen girl holds credit card and searching what to buy online Stockplanets | E+ | Getty Images In the age of instant gratification where Gen Alpha has easy access to instant delivery services like Amazon Prime and Uber Eats, some parents are wondering how to teach the young money-saving skills. Born between 2010 and […]
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‘Trump accounts’: CEOs to unveil investments for newborns at White House
US President Donald Trump gives a thumbs up as he exits Marine One and walks to board Air Force One at Joint Base Andrews, Maryland, on June 6, 2025. Andrew Caballero-Reynolds | AFP | Getty Images The CEOs of Uber, Dell, Goldman Sachs and more are expected to announce Monday that they will collectively invest […]
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When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says
FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source
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As Denmark raises its retirement age to 70, experts weigh in on whether the U.S. may follow its lead
Aleksandarnakic | E+ | Getty Images Denmark has moved to increase its retirement age to 70 — making it the highest retirement age in Europe. Yet it may be difficult for the U.S. to follow its lead. The new change in Denmark will apply to public pension retirements starting in 2040. Since 2006, the country […]
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He lives in Thailand but ‘supercommutes’ to Singapore—living off what he makes from 3 hours a week
Shao Chun Chen moved to Chiang Mai, Thailand, in late 2024. Courtesy of Shao Chun Chen Shao Chun Chen used to work more than 40 hours a week in his corporate career in Singapore. Now, he has a three-hour-a-week job that sustains his and his family’s life in Thailand. The 39-year-old grew up in Singapore […]
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Millennial entrepreneur raised $2 million for a money-saving app for immigrants
Nina Mohanty, founder of Bloom Money. Bloom Money One millennial entrepreneur raised $2 million to build a financial app catered to traditional money-saving methods used by immigrant communities in the West. Silicon Valley native Nina Mohanty founded Bloom Money in 2021, a fintech app designed to support U.K.-based immigrant communities to save money collaboratively, also […]
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