Jasondoiy | E+ | Getty Images As a financial advisor mom of three kids, I know well the power of compounded interest and the value of early work experience and learning to save and invest for yourself. My kids — ages 15, 12 and 11 — have been tutoring, filing, shredding, sweeping, and even researching … Read more
The idea of financial independence can mean different things to different people but one common way to define it is having enough money that you no longer need to rely on a job, a paycheck or someone else to sustain your lifestyle. While the path toward financial independence can feel daunting, there has been one … Read more
Many Americans believe they need to earn a certain dollar amount to feel rich. But even if they hit that goal or surpass it, they may be disappointed to find out they still don’t feel satisfied with their finances, says Charles Chaffin, co-founder of the Financial Psychology Institute and a professor at Iowa State University. … Read more
Forest, 40, and Kathleen, 42, have been living large in California. The couple earns over $286,000 a year, which should be enough to live fairly comfortably with their two children. But years of reckless spending have landed the couple deep in the red, they recently told self-made millionaire Ramit Sethi, author of the forthcoming book, … Read more
The first debate between Vice President Kamala Harris and former President Donald Trump is shown on television at the Juventud 2000 migrant shelter in Tijuana, Mexico, on Sept. 10, 2024. Immigration has been a hot topic throughout the presidential campaign. Carlos Moreno/NurPhoto via Getty Images The idea that immigration has a negative impact on the … Read more
The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new … Read more
Sydney-based global tech company Atlassian has lashed Amazon for ordering its workers to return to the office, and suggested they may want to join its team instead. Amazon earlier this month informed its employees they would need to return full-time to the office as of January next year. On September 16, Amazon CEO Andy Jassy … Read more
Progress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the “gender promotion gap.” “Women have noticeably lower promotion rates compared to men in the same firm, in approximately the same position,” Kelly Shue, a professor of finance at Yale School of Management, said at CNBC’s Women & Wealth event Wednesday. … Read more
Thomas Barwick | Digitalvision | Getty Images Big changes may be ahead for the U.S. economy between now and the end of the year. Investors can get ahead of those changes by taking steps to prepare now, experts say. The Federal Reserve last week slashed interest rates by 50 basis points, in a move expected … Read more
Almost one in three Australian suburbs have seven-figure median housing price tags — another blow to people looking to break into the market. A CoreLogic report found a record portion of the almost 4800 suburbs it studied have a median house or unit price of more than $1 million. Sitting at 29.3 per cent, the … Read more
