Homebuyers are now grappling with the steepest mortgage rates since 2002, and industry experts caution that these elevated loan costs could put a damper on the housing market. The surge in rates follows predictions by economists, suggesting that rates could climb beyond 8 percent should the Federal Reserve opt for another interest rate hike next… Read more
In an era of instant gratification, it seems that many of us have found a unique pastime: scouring Zillow. And this isn’t just a niche hobby; according to a recent survey conducted by Real Estate Witch, a staggering 53% of Americans admit to checking Zillow on a weekly basis. The survey by Real Estate Witch,… Read more
For many, homeownership is the quintessential dream, often seen as the surefire path to wealth. But is the perceived profitability of real estate as clear-cut as it seems? In a podcast clip posted to Twitter, Ramit Sethi, well-known for his financial insights on How to Get Rich on Netflix, provides a compelling example that prompts… Read more
The concept of financial stability is heavily influenced by where you reside, as demonstrated by the vast disparity in the annual cost of living across US states. A recent analysis by personal finance website GOBankingRates highlights that the median annual “living wage” – the minimum income required to cover expenses while saving for retirement –… Read more
In a significant shift, the United States witnessed a decline in its millionaire population last year, marking the first such occurrence since 2008. According to the annual global wealth report by UBS and Credit Suisse, nearly 1.8 million individuals in the US lost their millionaire standing in 2022, leaving a total of 22.7 million millionaires… Read more
As with everything in life, there’s a right way and a wrong way to do things. In his Medium article “The 7 Worst Ways I’ve Discovered to Make Money Online,” Tim Denning talks about the worst ways he’s witnessed people try to earn an income or start a side hustle. Denning is a writer for… Read more
Trey Brown is not your typical 15-year-old. Instead of just watching NBA players like most teens, Trey is watching NBA players wear his fashion line. At 12 years old, Brown used $178 in birthday money to purchase 16 t-shirts. He customized the shirts and sold them out in a week. In January 2018, Brown launched… Read more
Let’s face it. We all enjoy earning money. Without it, how can we possibly afford things and live comfortably? Working enables us to have money roll into our bank accounts, and it is one of the things that satisfies our needs. But you can’t work ever, no matter how much you want. When the time… Read more
It’s all about the job interview. When you apply for your dream job, a brilliantly crafted cover letter might get the attention of the hiring manager. Your strong resume might even land you in their “good” pile. A few impressive references could get you a phone call or even a sit-down job interview. But you’ll… Read more
Let’s face it, there’s something undeniably appealing about driving off the lot in a shiny new car. The fresh smell, the sleek design, and the status symbol it may represent can be alluring. But have you ever stopped to think about the actual cost of that brand-new vehicle? David Ramesy, the renowned financial expert, puts… Read more
“The grass is always greener on the other side.” And for people just outside these rich zip codes, the bank accounts typically look greener, too. America’s scale and segmentation provide a unique opportunity to compare data across regions, and here at Wealth Gang we rarely turn down a chance to look at state-by-state financial statistics…. Read more
Very few things in life are better than free money. Especially when it’s free money you didn’t know you had coming. Which is why it’s smart to regularly conduct searches for unclaimed money that’s rightfully yours—according to the National Association of Unclaimed Property Administrators, approximately 1 in 10 people have unclaimed cash or property just… Read more
What would you do if someone said they would give you $500 per month in free money for two years? Please don’t say you would lease a car! While $500 per month certainly isn’t enough money to retire, an extra $6,000 per year in after-tax income is life-changing for a lot of people. And if… Read more
Buying a new car is more than just choosing the right make and model. It’s a decision laden with financial implications that can have a lasting impact on your wallet. While the allure of a shiny new vehicle is universal, the wisdom behind such a purchase varies greatly from one individual to another. Among the… Read more
Imagine winning a massive lottery prize just 11 days after you start playing. That’s exactly what happened to Scott S. of Thornton, Colorado, who is now $3,000,000 richer after scratching off a winning Monopoly 500X Scratch ticket. Scott, who is self-employed, had only started playing lottery games 11 days before his big win. He couldn’t… Read more
Let’s be real, it’s AI’s (Artificial Intelligence) world and we are living in it. Or at least that is what it seems like recently. Will AI replace your job? Maybe, but probably not. But you could potentially become a much more productive employee thanks to AI. Or maybe you can start leveraging websites powered by… Read more
Have you ever thought about how much your peer group has saved in their 401k plans? What about how your own 401K might look if you actually maxed out your 401k every year? In a few simple charts below, we will take a look at the actual estimated average 401k balance by age, what your… Read more
Over the years, there has been an extreme growth in people seeking residual income opportunities – especially with the evolution of the digital age and popular books such as Multiple Streams of Income by Robert Allen and The Four Hour Work Week by Tim Ferriss. However, some still feel like it’s just something too good… Read more
When it comes to ways to save more money, sometimes you just trust the science. Let’s be honest, saving money isn’t the most glamorous thing you can do with your hard earned cash. But it is a necessary evil if you want to built real wealth. Because you can’t achieve the ultimate goal of financial… Read more
Anytime you make a major life purchase, there is always the possibility that regret about that purchase is going to set in. Whether you buy a house or a car or a new set of $1500 golf clubs, there is a good chance you will second guess that decision. Why do you have regrets after… Read more
In the world of HVAC, a steady hand and sharp mind reign supreme. One Colorado technician proves he’s got both – and more. He’s not just mastering circuits and compressors anymore. Thanks to Powerball, he’s just wired up a $1 million payday. It’s a lucky strike for a hands-on hero. Powerball has crowned a new… Read more
Isn’t it amazing how a little piece of paper can transform lives? For one sweet North Carolina couple, a lucky lottery ticket didn’t just fatten their bank account, it ignited a dream. Sure, $527,797 is a lot of money, but it’s not about the dollar signs or the leap into a new tax bracket. Instead,… Read more
How many times do people need to hear “It’s not how much you make, it’s how much you keep” to start saving and investing for the future? But the truth of the matter is money doesn’t go as far as it used to and $100,000 isn’t what it used to be. That six-figure paycheck goes… Read more
Retirement is the goal. It is the dream! But retirement could also turn out to be a nightmare if you don’t plan properly. And today we are going to go over the biggest warning signs that you will run out of money in retirement. Because just like what got you to retirement, it isn’t about… Read more