Imagine this: You’re standing in line at your local convenience store, eyeing the bright displays of lottery tickets. The jackpot amounts in red on the LED lotto screen are mind-boggling, seemingly soaring into another dimension. You buy a lotto ticket, with the cashier randomly selecting numbers and giving you a “good luck” on the way… Read more
The dream of owning a home in sunny California is slipping through the fingers of many. In 2021, only 43.5% of Californians aged 25-75 owned their homes, a steep drop from 49.8% in 2000, according to a May 2023 research paper by the Terner Center For Housing Innovation at UC Berkley. Alarmingly, for those aged… Read more
Which came first: The optimism or the success? For Warren Buffett, he’ll tell you that he’s always been optimistic, even before he was successful. Melinda French Gates believes that Buffett’s renowned optimism led to his success. Melinda French Gates – the co-chair of the Bill & Melinda Gates Foundation – noted Buffett’s optimism in the… Read more
The opportunity to make money is everywhere you look. Emily Jump, a 25-year-old marketing coordinator, looked right into people’s eyes and realized there was money to be made with a fascinating side hustle idea. In the weeks before the pandemic hit, Emily started her first full-time job as a marketing coordinator at a dental office… Read more
Saving money is important. Not spending money is equally important. Saving money and not spending on two different things. Saving money is taking money earned and putting it directly into the bank or account to accrue money over time. Not spending is the act of paying less for the items you need or refraining from… Read more
Having a side hustle is more common than ever. Ask any friend or colleague if they make additional income besides their 9-to-5 job, and there’s a good chance the response will be yes. In some cases, asking is unnecessary if the person promotes the side company on social media or during coffee breaks. The reasons… Read more
Saving money hasn’t been easy for millions of people over the last few years. Loss of jobs, reduction in bonuses, and major financial setbacks make comfortably retiring someday seem like an impossible dream. Here’s the good news – bolstering your retirement savings is still possible no matter your age. Whether you’re just joining or rejoining… Read more
Social media is revolutionary. Never has there been a time in human history when we’ve been able to group-source so much information from so many people to make a thoughtful decision about our finances. But when it comes to TikTok financial gurus and influencers, don’t be a sheep. Beware of false prophets who might lead… Read more
Inflation causes prices to soar practically everywhere: the gas pump, the grocery store, and household bills. Despite having a reputation as the most affordable restaurant category, fast food certainly isn’t immune to price hikes. Food prices are soaring, which eats into corporations’ margins and hurts consumers in the wallet. According to the online tool McCheapist.com,… Read more
Planning for retirement is not as easy as it might seem. There are numerous things that must be accounted for when you’re trying to determine the amount of money you need for your retirement nest egg. Things like your withdrawal rate, anticipated medical costs and how inflation is going to effect your net worth. Not… Read more
There is a reason why they say “the rich get richer.” For most wealthy people, that reason is creating passive income streams that not only balloon their wealth, but it also provides them the freedom to live as they see fit. Passive income (AKA how to make money while you sleep) is the dream. Of… Read more
Stress is a part of life, and financial stress can be very debilitating. If you’re someone who is living paycheck-to-paycheck and you constantly feel like your personal finances are a house of cards, you aren’t alone. According to recent data, approximately 63% to 64% of Americans — equivalent to 166 million people — were living… Read more
The idea of having the IRS knocking at your door, your garnishing your wages is kind of terrifying. But what happens if you don’t pay taxes on time? Will you simply just get hit with a penalty or late fee? Or will the IRS do something far worse happen? If you fail to file an… Read more
No other profession is as romanticized as the life of the freelancer. Workers stuck in the 9-to-5 slog dream about cutting ties from their employer and changing their career to become a freelance writer, artist, or pickle artisan. If that’s your thing. Zulie Rane had those dreams. “God, I was so afraid during that first… Read more
Every American who received the first $1,200 stimulus check did something different with the money. Few did what Ellie Diop did. People paid off bills and credit cards, stashed money away for an emergency, or blew the money on stupid purchases. Diop is a 28-year-old single mother. She was laid off before the pandemic and,… Read more
Major sports results, especially in soccer, impact the stock market negatively, research shows. The researchers believe major sports losses affect the mood of investors, which in turn influences the stock market. The study, titled “Sports Sentiment and Stock Returns,” investigated “the stock market reaction to sudden changes in investor mood,” namely “the strong link between… Read more
Kevin L. Matthews II is an entrepreneur, former financial advisor, and best-selling author. While working in New York City as a financial advisor he managed more than $140 million. While Matthews is no novice, he does provide investing for beginners advice. Matthews boasts a bachelor’s degree in Economics from Hampton University, a certificate in financial… Read more
Here at Wealth Gang we’re always on the hunt for careers our readers can pursue to build wealth. Because all the financial advice in the world is pointless if you aren’t generating income, whether it be from a side hustle, gig economy job, passive income strategy, or one of these blue collar jobs. Six-Figure Jobs… Read more
Hard work equals hard-earned money – that’s a universally accepted truth. But how does the sweat and time we put into earning our keep influence our financial decision-making? Are those who break their backs to earn their pennies more prone to playing it safe or rolling the dice with their earnings? A fascinating new study… Read more
Most high school graduates get cards stuffed with heartfelt messages and tokens of well-wishes for their future journey. But for one lucky teen in Washington State, his journey to adulthood was met with an unexpected twist. For him, his graduation card concealed an astonishing $50,000 secret. Imagine crossing the stage, clutching your hard-earned diploma, only… Read more
Do you review your retirement savings or your net worth on a regular basis? You should. And what you should also do is measure it against others. Because it is good to not only monitor your financial progress, but to know where your goals should be. When you finally retire, you’ll thank yourself for caring… Read more
“Counting other people’s money” is typically considered taboo, but it does have some utility: Knowing the household income of specific demographics can guide your ability to negotiate a raise, and even help you choose the best place to live. We rarely turn down a chance to look at state-by-state financial statistics. Sometimes they’re actionable, in… Read more
One of the most ‘adulting’ milestones in life for young adults is getting a credit card. Though it may be overwhelming for some, it is an important way to show responsibility toward money management. And this is an important step in building your credit scores. But what is a credit score in the first place… Read more
Novelist and playwright James Baldwin once said, “People can cry much easier than they can change.” While research has shown that crying can be beneficial and therapeutic, allowing the tears to flow is just a momentary release and serves no purpose in the long term. Crying over money seems especially silly, considering the thousands of… Read more