My husband and I earn $200K a year and ideally we’d like to go on vacation every 2 months — but is 6 vacations a year financially irresponsible?
At the end of pandemic-era restrictions, many Americans prioritized traveling and visiting new places. Though that urge is still strong, recent economic uncertainty has likely made some recalibrate what maintaining that lifestyle is worth. Let’s say, for example, that you and your spouse live in New York and have gotten used to traveling every couple […]
Dave Ramsey gives blunt advice to Wisconsin woman who made $1.1M trading stocks — why he tells her to change her strategy or risk losing everything
On a recent episode of The Ramsey Show, Michelle from Wisconsin told co-hosts Dave Ramsey and George Kamel about her interesting and enviable dilemma. In 2022, Michelle made a bold move by investing a large sum — $270,000, much of which she received as a life insurance payment for the death of her husband — […]
Bill Gates says he owns 1 out of every 4000 acres of all US farmland – why has he taken such a big position?
This article adheres to strict editorial standards. Some or all links may be monetized. After Bill Gates moved on from his role at Microsoft, the company he founded, he shifted his focus to philanthropic efforts with the Bill and Melinda Gates Foundation, providing billions of dollars of capital to noteworthy projects every year. With a […]
At 65 and set to retire with $357,000 in the bank: How much money can you comfortably spend each year?
This article adheres to strict editorial standards. Some or all links may be monetized. John spent the last 30 years working, and like many Canadians, thought that in itself was enough to be ready to retire. Unfortunately, he didn’t begin saving until about 15 years ago. Let’s say that hypothetically, despite some obstacles, John managed […]
I’m 30 and earning a high income, but buying my first home feels out of reach — should I just hit pause on my 401(k) contributions to make it happen?
Buying a new home is a major financial decision with a hefty price tag. But is it worth slowing down your retirement savings for? That’s the question one high-income earner recently posed. Weldon, 30, lives in a high-cost part of the country and is thinking about pausing his 401(k) contributions temporarily to afford a home. […]
US parents are setting aside thousands of dollars for their kids to use as adults — necessary move or dumb financial decision?
The cost to raise a child to the age of 18 is $297,674, according to LendingTree [1]. However, some parents of young children are setting aside money to support them much longer than that. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you […]
The IRS is offering tax relief to drought-stricken farmers — but will it be enough to keep America’s food prices from climbing even higher?
Drought conditions across the U.S. have hit farmers and ranchers hard — and the effects could soon show up at the grocery checkout. The IRS recently announced tax relief for farmers and ranchers who have been forced to sell or exchange livestock as a result of drought conditions. (1) Must Read Thanks to Jeff Bezos, […]
Michigan woman hesitant to give up coveted 2.8% mortgage rate to move in with husband of 3 years — why The Ramsey Show tells her it’s a no-brainer
This article adheres to strict editorial standards. Some or all links may be monetized. If you got a mortgage in 2020 or 2021, you may have what seems like an unbeatable deal. But falling in love with your mortgage rate could be a bad life decision. That’s what The Ramsey Show hosts John Deloney and […]
Getting wed at the ‘wrong’ time can cost you — and that’s why many young Americans vow to get their lives in order before taking a trip to the altar
Once upon a time, most Americans got married in their early 20s, right after they finished school or got a job. Now most are closer to 30 or even older before they exchange I do’s. That’s because for the majority of Millennials and Gen Z couples, the “right time” to marry is after they’ve got […]
Warren Buffett and Bill Gates once shared the 2 habits that were the secret to their success — why IQ alone might not matter as much as you think
This article adheres to strict editorial standards. Some or all links may be monetized. It’s common knowledge that Warren Buffett and Bill Gates are two of the most successful men in the world. Back in 1998, Buffett gave a lecture alongside Gates at the University of Washington, where they shared how crucial forming good habits […]