The real estate market is so hot right now. Homebuyers were hopeful that the housing market might cool down, but the latest data shows prices have yet to go down. The most recent data published Tuesday from S&P CoreLogic Case-Shiller showed that August home prices were up 19.8% year over year – the same record… Read more
Americans added $660 billion in debt during the pandemic, according to personal finance site Money Geek. But Americans were piling on debt before the pandemic as U.S. credit card debt hit a record high of $930 billion in the final quarter of 2019, CNBC reports. The average U.S. household holds more than $155,000 of debt,… Read more
Many people believe that their life after earning passive income is going to be sitting on a beach all day without a single care in the world. While those who have read the best books on passive income might be able to do that, the real point is to earn enough of it so that… Read more
According to new data from the Federal Reserve, Gen X is finally getting better with money – both in earning and saving. Generation Xers will be the first to admit their early mistakes with money, but the recent pandemic has proven a golden opportunity to create wealth for people 41-56 years old. The generation hit… Read more
JPMorgan Chase chief executive officer Jamie Dimon gave a wide-ranging interview to Axios this week. The interview touched on a multitude of topics, including China, his salary, racial equity, cryptocurrencies, and his favorite business leaders. Dimon was asked, “Who’s the best CEO not named Jamie Dimon?” Dimon replied, “[Amazon’s] Jeff Bezos … [Apple’s] Tim Cook.”… Read more
Established in 2008, Airbnb has revolutionized the tourism industry. Whereas in the past holiday-makers have relied on hotels for accommodation, Airbnb allows normal people to rent out their homes to tourists. This has proved to be a great system. For hosts, it’s a way of monetizing unused property. For customers, Airbnb offers accommodation which is… Read more
Elon Musk and Jeff Bezos – the two richest people in the world – have a long-running rivalry. The two business magnates are competitors for being the wealthiest individuals on the planet, as well as, adversaries in the space exploration sector with their aerospace companies: SpaceX and Blue Origin. The rivalry between Bezos and Musk… Read more
Elon Musk became the richest person in the world this week, surpassing Jeff Bezos. To mark the financial achievement, Musk offered to send a consolation prize to Bezos, who is now the second wealthiest person on the planet. Musk became the third person to ever amass a net worth of $200 billion on Monday, according… Read more
Which states pay the highest minimum wage to hourly employees? Check out this list of the 12 states giving out more than $12 an hour. The minimum wage for workers has become a popular topic of debate over the last few years due to the global pandemic and a sudden shortage of workers in the… Read more
There is only so much a job seeker can do to get employers interested in their resume. However, one marketing professional thought out of the box to garner a massive amount of interest in his resume. David Vidal, a 29-year-old marketing professional in Spain, realized that a boring, traditional resume is not standing out anymore…. Read more
Debt can present a major roadblock for people trying to achieve life goals. One study revealed how debt derails the future plans of Americans, and many are fearful that they will be in debt for the rest of their lives. Northwestern Mutual’s 2021 Planning & Progress Study found that Americans spend 30% of their monthly… Read more
For most people, happiness is the ultimate goal. But very few actually achieve true happiness, especaially in their place of employment. A new study found that only 7% found their dream careers, but also identified the happiest jobs in 2021. In the time of the Great Resignation, when at least 11 million workers are seeking… Read more
According to the Bureau of Labor Statistics, the U.S. had a record 10.9 million job openings in July 2021, and many companies still can’t find people to fill those positions. A new survey from ManpowerGroup revealed that employers who are still having difficulty filling key roles are doing everything possible to attract applicants. These added… Read more
A couple of years ago, I started using the Acorns to get serious about saving for the future. I’m a big fan of the set-it-and-forget-it capabilities that come with the service, with credit card round-ups and automatic withdraw to my aggressive portfolio. The investing app claims 4 million subscribers who have invested more than $9.6… Read more
The pandemic completely changed the way people view the world but did the global crisis change the way people think about retirement? According to a Personal Capital and Kiplinger’s Personal Finance poll, the COVID-19 pandemic and its economic impacts have changed the mindsets — though not necessarily the plans — for most retirees these days…. Read more
For a few months during the height of Covid and mandated shutdowns, the entire country was figuring out a way to pay off a huge chunk of debt. U.S. consumers managed to pay off $56.5 billion in credit card debt in the first half of 2021. This followed a record-setting year for reducing credit card… Read more
Thanks to low interest rates and high demand fueled by the pandemic, the housing market across the U.S. has been on absolute fire over the past 12 months. This increase in demand has also driven home values through the roof. So much so that home values in the U.S. are up a combined total of… Read more
Here’s the thing about investing: When you start to see your money work for you, it’s only natural to share what’s working for you with your friends and family. Referral bonuses via spare change investing apps like Acorns are a popular way to share investment products with your social circle. The apps then incentivize this… Read more
El Salvador has become the first country to accept Bitcoin as legal currency. Starting on Tuesday, businesses in the Central American country can accept the popular cryptocurrency as a legal form of payment, joining the U.S. dollar as the country’s principal mediums of exchange. Aaron van Wirdum, a journalist at Bitcoin Magazine, said he was… Read more
It’s no secret that the housing market is crazy right now. Inventory is down, prices are up and income requirements from mortgage lenders are stricter than ever, especially in red hot real estate markets like San Francisco, Austin, Denver, and Boston. If you’re in the market for a new home and need to finance it,… Read more
Yes, you can earn money on Airbnb, even without owning a property. Airbnb is known for its cheap alternatives to lodging and accommodation. However, they are more than that. As almost everything is transitioning online, fields like real estate have also opened more opportunities for people to earn passive income. Airbnb can also be a… Read more
Former Federal Reserve Vice Chairman Donald Kohn sounded the alarm about an imminent global financial crisis if urgent action is not taken. Kohn made his unsettling remarks on Saturday during the Federal Reserve Bank of Kansas City’s annual Jackson Hole Economic Policy Symposium. “Dealing with risks to the financial stability is urgent,” Kohn said. “The… Read more
For the last two years, California has been suffering through a historically severe drought, the worst in nearly 50 years. In April, California Gov. Gavin Newsom declared a drought emergency, and then in July called on Californians to cut their water usage by 15%. As of July 31, California’s major reservoirs held only 53% of… Read more
What were you doing when you were 12-years-old? Trading baseball cards? Playing video games? Then there is 12-year-old Benyamin Ahmed, who has made a fortune selling non-fungible tokens, also known as NFTs. Benyamin began coding at the age of 5, after watching his father, Imran, work as a web developer. The 5-year-old started with HTML… Read more