Personal Finance

Man, 26, works 20 minutes a day, brings in $700,000 a year from side hustle: I’m ‘doing less’ and ‘making more’ than ever

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Man, 26, works 20 minutes a day, brings in 0,000 a year from side hustle: I’m ‘doing less’ and ‘making more’ than ever

Francisco Rivera doesn’t even like candles — but he brings in six figures per year selling them on Etsy. In February 2023, Rivera was living in Orlando, Florida and working part-time for online tutoring company Outschool. Demand dropped when after-school activities resumed post-COVID, so he started looking for more income elsewhere. He found a YouTube … Read more

NSW man turns 5c coin into $2000 thanks to rare Royal Australian Mint manufacturing error

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NSW man turns 5c coin into 00 thanks to rare Royal Australian Mint manufacturing error

A NSW man has sold a 5c coin for $2000 — a decade after finding it in his childhood money box. The coin, which was taken into Adelaide coin shop The Purple Penny earlier this year, features a double obverse — the late Queen Elizabeth II’s effigy on both sides. Minted in 2007, its two … Read more

How much money you’d have lost if you invested at Peloton’s IPO

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How much money you’d have lost if you invested at Peloton’s IPO

From a CEO change to announcing staff layoffs, it’s been a bumpy couple of days for Peloton. On Thursday, Peloton announced it is laying off 15% of its global staff, which will affect around 400 employees. The company also plans to continue to close retail showrooms in an effort to “align the company’s cost structure … Read more

Education Dept. will transfer some student loan borrowers to a new servicer

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Education Dept. will transfer some student loan borrowers to a new servicer

The US Department of Education sign hangs over the entrance to the federal building housing the agency’s headquarters on February 9, 2024, in Washington, DC.  J. David Ake | Getty Images If your current federal student loan servicer is Mohela, or the Missouri Higher Education Loan Authority, the U.S. Department of Education said it will … Read more

Bored Ape Yacht Club NFTs floor price sinks, CEO announces layoffs

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Bored Ape Yacht Club NFTs floor price sinks, CEO announces layoffs

Yuga Labs, the creator of the viral Bored Ape Yacht Club non-fungible tokens, announced a new round of layoffs on Friday as the NFT frenzy appears to cool. Greg Solano, YugaLab’s CEO, announced that the startup would lay off an unspecified number of employees as it undergoes “restructuring.” “To put it simply: Yuga lost its … Read more

Afterpay introduces major changes to service with delayed initial payments and preferred payment day

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Afterpay introduces major changes to service with delayed initial payments and preferred payment day

Buy Now Pay Later (BNPL) service Afterpay has announced changes to its Terms of Service. Under the new terms, select customers will now have the option to delay their first payment. All customers will now be able to choose a day of the week to pay their instalment, rather than having the day of purchase … Read more

Queensland government announces $1000 energy bill discount for households

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Queensland government announces 00 energy bill discount for households

Queensland households will score a $1000 energy bill discount under a $2.5 billion government spending splash on cost-of-living relief. Premier Steven Miles announced the major cash injection on Thursday as rising power prices bear down on Queenslanders. “I said we would use the budget to deliver cost-of-living relief but I’ve decided it’s too urgent to … Read more

Your financial advisor may not be giving good advice

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Your financial advisor may not be giving good advice

Ascentxmedia | E+ | Getty Images Many people claim Social Security retirement benefits at the earliest possible claiming age of 62. But that decision prompts their monthly benefits to be reduced for the rest of their lives. Working with a financial advisor should help encourage prospective beneficiaries to understand the value of delaying their benefit … Read more

Biden forgives $6.1 billion in student debt for Art Institute students

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Biden forgives .1 billion in student debt for Art Institute students

A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia.  Marcus Ingram | Getty Images The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the … Read more

Jobseeker and youth allowance payment rise quashed but other help on the cards, Treasurer Jim Chalmers says

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Jobseeker and youth allowance payment rise quashed but other help on the cards, Treasurer Jim Chalmers says

Calls to boost Jobseeker and youth allowance payments have been hosed down by Treasurer Jim Chalmers, who says he will look at other ways to help struggling Australians as he prepares his third budget. A dozen top economists have joined a growing chorus of voices in the community sector, academia and elsewhere urging the government … Read more