Dave Portnoy sold Barstool Sports for $551,000,000 — then bought it back for $1. Here’s how 1 of the ‘great trades of all time’ went down and what you can learn to get rich
Shortly after selling his sports media company Barstool Sports to Penn Entertainment for $551 million, founder Dave Portnoy turned around and repurchased 100% of the company for just $1 in 2023, according to Business Insider. “It’s one of the [greatest] trades of all time,” he told Shannon Sharpe in a recent interview on the Club […]
Federal Reserve just raised the alarm over 1 key economic indicator — signals 12-year high in ‘consumer distress.’ Here’s the big problem crushing American finances (and how to solve it)
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. While investors worry about the markets, the Federal Reserve Bank of Philadelphia is raising the alarm about another economic indicator: credit card payments. According to the central bank, more […]
Robert Kiyosaki warns of ‘violent summer’ in the US — urges Americans to ditch ‘fake money’ and put it into ‘God’s money’ instead. Do you own any?
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Rich Dad, Poor Dad author Robert Kiyosaki has just issued a dire warning for Americans. “CIVIL WAR has begun. ICE raids in Los Angeles erupt into mass violence,” he […]
NYC man lost $114K — his entire 401(k) — after his physical check from Paychex was stolen. So why do 43% of retirement savers still have to deal with this ‘outdated’ and ‘insecure’ method?
Dylan Handy did everything right — or so he thought. Two years ago, when he was 33, Handy tried to roll over his $114,000 401(k) after switching jobs. Instead of a secure digital transfer, Paychex sent paper checks. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? […]
Trump’s tariffs, market chaos and the rise of inverse ETFs: How investors are hedging market downturns
In today’s turbulent economic climate, marked by President Trump’s recent tariffs on Canada, Mexico and China, concerns about a potential recession are escalating. As markets react to these developments, investors explore strategies to protect their portfolios. One such strategy involves inverse exchange-traded funds (ETFs). What are inverse ETFs? Inverse ETFs, also known as bear or […]
No yard, no problem? PC’s backyard giveaway exposes how city life leaves too many Canadians without green space
Not everyone in Toronto or Vancouver gets to enjoy the quintessential Canadian summer — backyard barbecues, sunny hangouts with friends, or simply a patch of grass to relax on. For the millions living in high-rise condos and rental units with no outdoor space, summer pleasures often come secondhand. And now, even borrowing a backyard is […]
Here are the top 8 ‘buyer-repellant’ items you should never have in your home when selling — especially in today’s lousy US market. How many are hurting your bottom line?
From a seller’s perspective, the only way to describe the current housing market in the U.S. is lousy. A typical home sits on the market for 40 days on average it’s sold. With an estimated 500,000 more sellers than buyers, Redfin reports that home listings are sitting at a five-year high. Don’t miss I’m 49 […]
Here are 7 ‘bad assets’ that could cause you to retire poor in Canada — how many do you own?
You probably know the importance of retiring with a hefty, well-diversified portfolio of assets. But what if you’ve spent some of your money accumulating things that look like ‘assets’ but are actually hidden liabilities. Here are the top seven tempting, but deceptive money drains that many people trap themselves into before retirement. 1. Brand new […]
This heavy-duty mechanic from Canada makes $200,000/year — but has nothing to show for it. Says he’s ‘kind of just living.’ Here’s what Dave Ramsey told him to do ASAP
On paper, Jackson’s debt-free status and $200,000 annual salary might look like an easy ticket to financial freedom. But in reality, the 25-year-old heavy-duty mechanic from Canada admits he’s often staring at a bank account that doesn’t reflect his hard work or financial progress. Don’t miss I’m 49 years old and have nothing saved for […]
‘They took all the money out!’: Former NFLer Robert Griffin III was distraught when he ‘only’ got $6.9M of his $14M signing bonus — here’s what happened, why he thinks most players go broke
When the Washington Redskins signed then-rookie quarterback Robert Griffin III for his first contract in 2012, the deal’s estimated $21.1 million price tag was all over the headlines. What didn’t make the headlines was how much Griffin actually got to take home at the time. In a recent interview with former MMA fighter Demetrious Johnson […]