[Business Insider, Leung/Insider Intelligence] My parents don’t understand why I don’t own a house, a car, or a retirement savings account. My generation has fewer job opportunities, more student debt, and outrageous housing prices. It’s far worse for us than it was for previous generations. Ingrid Cruz is a freelance […]
Read More
[CNBC, Getty Images] Compared to 25-year-olds, people at 30 will have to invest a little more to hit the same goal by 65. For the average person who wasn’t born into a rich family, becoming a millionaire is easier said than done. While some people have no desire to have a million […]
Read More
[CNBC] Roshida Dowe has always been a hard worker. From her early days as a receptionist to her decision to go to law school and spend years as a consumer automotive finance lawyer in Silicon Valley, she is well-accustomed to the grind. But in 2018 at age 39, everything changed […]
Read More
[CNBC] From their home in Portugal, U.S. ex-pats Amon and Christina Browning give off the relaxed aura of a couple completely content with where they are in life. And given they spend their days lounging on the beach or working in their garden, it’s not hard to see why. Now […]
Read More
[The Motley Fool, Getty] It doesn’t take much to turn your side gig into a million bucks. Becoming a millionaire on your regular salary may seem impossible — especially if you need most of your paycheck to cover bills. Side hustles are an increasingly popular way to get ahead. A […]
Read More
[CNBC, Getty Images] Net worth (your assets minus debts) tends to increase with age. CNBC Select breaks down the average net worth of people in their 30s and 40s. The average American has $90,460 of debt, but the average net worth is $748,800. Of course, averages can be skewed by extremes […]
Read More
[CNBC] When I got laid off from my job in 2015, I promised myself that I’d do whatever it took to become my own boss and never go back to a full-time job. It was a goal that came with many brainstorm sessions and lots of Excel spreadsheets. In the end, I […]
Read More
[Business Insider] My parents had four pillars that guided their financial decisions: invest in yourself, spend according to your values, march to the beat of your own drum, and give back to your community. These pillars helped them buy land and maintain a working farm that fed our family, grow […]
Read More
[Forbes, Getty Images] Larry Light: Is there a way to use retirement funds, like an IRA, funds to pay off the bank without having to take a taxable distribution? This money, of course, is invested before taxes, and only is taxed when it’s withdrawn. Stephen Nelson: No, unfortunately. But with a little […]
Read More
[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