Boomers are the wealthiest generation yet, but millennials are catching up — here are 7 boomer money habits their kids just don’t get (and what they do instead)
Boomers have amassed a lot of wealth over the years — indeed, about half of total household wealth in Canada is held by boomers, with an average net worth of almost $1.2 million, according to Statistics Canada. So why doesn’t their financial advice make sense to millennials? Boomers (those born between 1946 and 1964) are […]
Warren Buffett once said ‘money has no utility’ to him. Here’s the personal asset he prizes above all others — and how you can take advantage of it
This article adheres to strict editorial standards. Some or all links may be monetized. Known for his savvy investments and sharp wit, billionaire Warren Buffett is also celebrated as one of corporate America’s great philosophers. In a 2016 interview on Bloomberg’s The David Rubenstein Show, the Berkshire Hathaway chairman, worth over $145 billion according to […]
Houston woman says her mother-in-law is holding her family back financially — but Ramsey Show hosts argue her marriage has a way bigger problem
Sometimes money problems aren’t money problems — they’re marriage problems. Sarah from Houston phoned The Ramsey Show because she said her mother-in-law is “holding us back financially.” Her husband’s mom has never been good with money, she added, recalling a period of homelessness after she refused to pay her rent [1]. Must Read Thanks to […]
Trump administration accused of ‘improperly’ seizing defaulted student loan borrowers’ tax refunds — here’s what it could mean for you
Democratic lawmakers are sounding the alarm on a move by the Trump administration they say has resulted in the government “improperly” seizing the tax refunds of defaulted student loan borrowers. Twenty-three Democratic members of Congress signed a letter addressed to Education Secretary Linda McMahon on Sept. 26, stating the government had failed to provide the […]
Here’s the 1 big cost you must absolutely cut in retirement — can add up to thousands of dollars and you don’t even feel it
This article adheres to strict editorial standards. Some or all links may be monetized. For many people, being retired is almost synonymous with being frugal. With less control over your monthly income, it’s natural that you might become more focused on controlling expenses. In fact, 52% of American seniors on Social Security said they were […]
I spent my 20s aggressively saving, but now at 35, I feel like I missed out on having a life. Did I mess up — and how do I find a better balance now?
Picture this: Laura has always been a planner. She has diligently kept her focus on her future, and saving every penny was a big part of her plan. Growing up, her family didn’t have a lot of money, so being financially stable was her first priority. The problem is, now that she’s 35, she feels […]
JPMorgan tells Americans to stop chasing $1,000,000 in savings — so how much money should you really save based on income?
This article adheres to strict editorial standards. Some or all links may be monetized. For most Americans, the “magic number” for retirement is $1.26 million, according to Northwestern Mutual. (1) But it’s easy to forget that retirement isn’t really about hitting a specific dollar target — it’s about replacing your income so you can sustain […]
US insurance companies are using drones to inspect homes without owners knowing — policies canceled in some cases. But is that even legal?
This article adheres to strict editorial standards. Some or all links may be monetized. Your homeowners’ insurance is just that — your peace of mind should something go catastrophically wrong at home. It’s typically not something you expect to be hassled with, nor do you wish to be threatened with policy cancellation over trivial matters. […]
‘I made a promise’: Massachusetts grandma paid $499 to renew her passport in 4 days — but waited weeks for it, nearly missing her grandson’s grad
Some family milestones are non-negotiable, like watching your grandson graduate from university. For Janice Brathwaite, a proud grandmother from Salem, that meant traveling from Boston to Lexington to see him walk the stage at the University of Kentucky. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 […]
This IT company just laid off 11,000 employees who couldn’t be reskilled on AI. Should you be worried about losing your job to a computer?
Accenture just delivered a jolt to white-collar workers everywhere. The global IT and consulting giant announced more than 11,000 job cuts tied to an $865 million “reinvention” effort. (1) Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with […]