[Bloomberg, iStock] A financial philosophy popular among the world’s wealthiest can be a worthy aspiration for us all. If 2020 has taught us anything, it’s that life is uncertain. Through this lens, I’ve started to abandon some conservative personal finance principles. This summer, for example, I went against the adage of “staying the […]
Read More
[CNBC, GETTY IMAGES] Unless you were born into a rich family, building wealth can be very hard — depending on the path you choose. Many people look at multi-millionaires and desperately want to know: What’s their secret? How did they get there? What does it take? Those are the things I wanted to know back […]
Read More
[Forbes] The coronavirus pandemic has turned the established status quo on its head with many businesses and industries still reeling. The world’s biggest banks have seen their valuations plummet, with billionaire investor Warren Buffett bailing out of long-held bank stocks this year—and joining many other investors in betting on gold (though the […]
Read More
[MSN] Homeowners overlook low rates, looming fee Applications for refinance mortgages are down for a third straight week, a lenders group says, and that suggests homeowners haven’t woken up yet to a couple of urgent reasons to refi. First of all, mortgage rates are spiraling downward again and are back […]
Read More
[CNBC] Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an advanced stage and could result in a fine of more than […]
Read More
[BankRate, Shutterstock] If you’ve been trying to figure out where to get your coins counted, you’re in luck: A lot of people will be more than happy to help you turn those pennies, nickels, dimes and quarters into dollar bills right now. As people have stayed home due to the […]
Read More
[Forbes, Getty Images] Average mortgage rates this week fell for both 30-year and 15-year fixed-rate mortgages, while the 5/1 adjustable-rate mortgage (ARM) was unchanged. The average rate on a 30-year fixed mortgage dipped to 2.91%, according to Freddie Mac’s Primary Mortgage Market Survey. Mortgage rates have remained below 3% for […]
Read More
[BankRate] Mortgage rates moved in different directions today, but one key rate trended down. The average for a 30-year fixed-rate mortgage ticked downwards, but the average rate on a 15-year fixed held firm. Meanwhile, the average rate on 5/1 adjustable-rate mortgages notched higher. Rates for mortgages are in a constant […]
Read More
[MoneyWise, Shutterstock] As mortgage rates move higher again and hit levels not seen in months, one of America’s largest home lenders says it’s taking things far in the other direction. United Wholesale Mortgage — the company that recently announced a 15-year fixed-rate mortgage with rates as low as 1.875% — has now […]
Read More
[The Wallstreet Journal, Reuters] Here’s what to expect as the Sept. 30 expiration of loan relief approaches In March, Congress passed a law that gave most of the borrowers in the $1.5 trillion market for federal student debt a six-month interruption of monthly loan payments and interest accruals. With the Sept. […]
Read More