-
Millennials Slated To Be The Richest Generation In History, But They Are 'Very Ill-Prepared.' How Will They Manage?
2024 Jul 08, 4:02pm | 744Older generations often perceive millennials as lazy and more interested in spending money on avocado toast than saving for a house deposit. However, millennials are on track to become the wealthiest generation ever, thanks to an estimated $90 trillion wealth transfer over the next 20 years. Don't...
-
Why A $450k Software Engineer Might Ask You To Venmo $3.62, But A $20/Hour Barista Won't — Experts Say Rich People Struggle With Generosity
2024 Jul 08, 1:10pm | 932Money. It’s a topic that sparks countless conversations, emotions, and even conflicts. It weaves its way through our relationships, influencing our behaviors and perceptions. A recent viral tweet highlighted this complex dynamic, showcasing how financial differences can shape friend...
-
Charlie Munger Was Asked If He And Warren Buffett Could Be As Successful Starting Over At 30 Years Old Today — He Said: 'No' But Here's Why
2024 Jul 08, 11:53am | 676Could today’s investors ever hope to achieve the legendary success of Warren Buffett and Charlie Munger? In one of his final interviews, Munger himself answered that question. His reasoning offers a valuable lesson for anyone seeking financial success. Don't Miss: Warren Buffett flipped his...
-
Are You Rich Enough To Join The Top 2%? Here's Exactly How Much You Need To Rank Among The Wealthiest
2024 Jul 08, 11:13am | 770In a society where discussing one's financial status often remains taboo, understanding where you stand on the wealth spectrum can be intriguing. While most shy away from openly discussing assets, getting a sense of how net worth stacks up against national averages provides curiosity satisfaction...
-
Labor Economist Says If Elon Musk Paid For Social Security On His Salary For An Entire Year, It Would Save 1/20 Of Its Deficit
2024 Jul 08, 10:13am | 738In a recent interview with Bloomberg’s Sonali Basak, labor economist Teresa Ghilarducci highlighted the severe shortcomings of America’s retirement system, particularly the Social Security deficit. Ghilarducci offered a provocative yet insightful calculation: "If Elon Musk paid for...
-
Young Millionaires Are Losing Faith In The Stock Market — Here's Where Those Rich Investors Are Putting Their Cash Instead
2024 Jul 08, 9:35am | 746The traditional path to wealth through stocks and bonds is losing its luster among young, affluent Americans. A surprising shift in investment strategies is emerging, with millennials and Gen Z turning away from Wall Street and exploring alternative avenues to grow their wealth. Don't Miss: Elon...
-
Bill Gates Wants To Pay More In Taxes — 'I've Been Disproportionately Rewarded While Many Others Who Work Just As Hard Struggle To Get By'
2024 Jul 07, 1:58pm | 791Bill Gates, co-founder of Microsoft and one of the world's richest individuals, recently addressed the growing wealth gap and advocated for higher taxes on the wealthy, including himself. His comments came during a 2023 "Ask Me Anything" (AMA) session on Reddit and in a detailed blog post on Gates...
-
Gen Z Will Have To Wait As Gen X Set To Inherit Trillions From Silent Generation
2024 Jul 07, 10:11am | 433A new report from consumer research firm Hearts & Wallets reveals that Generation X stands to inherit trillions of dollars from the Silent Generation over the next 10 years, presenting significant opportunities and challenges for financial advisors. Currently, the 65-74 age group holds the...
-
Dave Ramsey Lays Down The Law And Tells People If They Want Not To Be Broke, They Have To 'Act Their Wage'
2024 Jul 06, 1:11pm | 863Personal finance expert Dave Ramsey is known for his blunt advice. He has told people they need to work beyond their wages if they don't want to be broke. Here's what went down on an episode of "The Dave Ramsey Show." Don't Miss: The average American couple has saved this much money for...
-
Your Income Might Be Upper Class And You Don't Know It — Here's The Salary Needed To Reach 'Elite' Status
2024 Jul 05, 4:19pm | 707In today's economy, understanding where your income places you on the socioeconomic ladder is crucial. The lines between income classes can seem blurred, but recent data clarifies income distribution in the United States. Don't Miss: The average American couple has saved this much money for...
-
Billionaire Richard Branson Says It's "Sad" If Money Is the Only Focus of Your Life — 'We Only Have One Life'
2024 Jul 05, 3:02pm | 738In the midst of backbreaking inflation and squeezing household savings, millions of Americans spend most of their time thinking about money — the next bill to pay, the upcoming car payment and that overdue rent. But billionaire Sir Richard Branson thinks there's more to life than just money,...
-
'Can't Possibly Think of Genes I Would Prefer More' — Elon Musk, Father of 12, Swayed His Neuralink Executive To Have Kids With Him Over A Donor
2024 Jul 05, 12:54pm | 912Elon Musk, the wealthiest man in the world and CEO of Tesla, is known for his ambitious plans to colonize Mars. However, he’s also focused on addressing the underpopulation crisis. Musk, a father of 12, recently welcomed his third child with Shivon Zilis, the director of special projects at...
-
Dave Ramsey Dives Into The Muck With A Hog Farmer With Over $400,000 Of Savings To Invest: 'You're A Hog Farmer Who's Gone Hog Wild'
2024 Jul 05, 12:07pm | 818In an episode of Dave Ramsey, a hog farmer with over $400,000 in savings called in and asked for advice on what to invest in. Here's what Ramsey told the passionate hog farmer. The Dave Ramsey show often deals with challenging debt problems, with a healthy dose of tough love from Ramsey, but...
-
How Does Inflation Impact Retirement?
2024 Jul 05, 11:05am | 2318Though the rate of inflation has decreased over the past two years from a high of 9%, many consumers are still worried about rising prices. This is especially true for retirees, who don’t have the ability to earn more money and offset an increased cost of living. But how much does inflation...
-
Are You Better Off Than You Were four Years Ago? Reagan's Famous 1980 Campaign Question Haunts Biden As Poll Results Reveal the Answer
2024 Jul 05, 11:02am | 639"Are you better off now than you were four years ago?" was famously used by Ronald Reagan in the 1980 presidential debate and remains relevant in elections today. Recent polls indicate that many Americans do not feel better under President Joe Biden's administration. According to a February...