NYC now home to 400K millionaires — the most in the world — and they’re squeezing out the middle class. But for those who choose to leave the Big Apple, relocating comes with unexpected costs
They say if you can make it in New York City, you can make it anywhere. But for a growing number of middle-class families, just making it in the city is becoming nearly impossible. According to a new report from Henley & Partners, NYC boasts nearly 400,000 millionaires, the most of any city in the […]
Dave Ramsey warns Americans to avoid this 1 major mistake when choosing a mortgage — it could end up costing you thousands
Personal finance guru Dave Ramsey is famous for his no-nonsense advice, and also for his insistence on avoiding debt. The millionaire advisor started his finance journey at the bottom. He filed for bankruptcy at just 28 years of age, and since then, he’s built an empire advising everyday Americans on how they can ditch their […]
I’m 39 and saddled with $25K in student loan and credit card debt. The monthly payments are absolutely crushing me — I don’t even have any retirement savings. How do I manage this mess?
When most people are in their 30s, there’s a lot of pressure to be in good financial standing. But what if you’re $25,000 in debt from a mix of student loans and credit card balances, and you only make $4,000 a month? If those monthly payments are stretching you thin, that likely means you haven’t […]
I’m 24, debt-free, and earning my first steady salary. My dream is to own a house — but I’ve heard I should max out an IRA before building up a down payment. Which path do I choose?
Suppose you’re 24 and earning a steady salary for the first time in your life. Your goal is clear: save $10,000 per year and eventually buy a house. But like many in their 20s, you’re unsure whether you should prioritize retirement savings or homeownership. Don’t miss I’m 49 years old and have nothing saved for […]
Should Canadian retirees own or rent their home? Use this simple ‘5x5x5 rule’ to figure it out
Faced with the rising cost of living, many American retirees are looking to control one of the most fundamental expenses: housing. Since the pandemic, the cost of housing has remained stubbornly high. According to a recent report, home affordability slipped further in January, as rising prices raised the income needed for a mortgage in 12 […]
From emergency savings to dream vacations to lifestyle inflating: 15 things you should — and shouldn’t do — in a recession
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. When the economy takes a hit, unfortunately, so does your wallet. While the standard advice to save diligently, invest in your 401(k) and avoid unnecessary spending still applies, a […]
Arizona’s AG just issued warning over ‘equity-stripping’ scam that tricks victims into signing over their home — and the fraud has been running for almost 10 years. Here’s how it works
It started with a promise of help. It ended with hundreds, possibly thousands, of Arizonans losing not just their homes, but the very foundation of their lives. For nearly a decade, Arizona Attorney General Kris Mayes says a criminal enterprise has been preying on vulnerable homeowners, using high-pressure tactics and legal loopholes to rob them […]
Loblaw warns of widespread price hikes as tariffs bite deeper
Loblaw Companies Ltd. has issued a stark warning to Canadian consumers: The price of everyday grocery items is set to rise sharply in the coming weeks. The retailer, which operates chains such as Loblaws, No Frills and Real Canadian Superstore, announced this week that the number of products marked with a "T" symbol — indicating […]
I’m 33 and I’ve hustled hard to make something of myself. Now my sister, 29, is asking to borrow money — again. I can afford to help, but I don’t want to this time. What do I do?
Is lending money to family always the right thing to do? Consider the case of Eric, a 33-year-old who is debt-free, owns his own business and lives comfortably after years of hard work and risk-taking. When his 29-year-old sister recently asked him to cover a few months of her rent, he said no. Don’t miss […]
Warren Buffett says tariffs are like America gloating ‘hahaha, we’ve won’ to rest of the world — warns it’s risky to use trade as a weapon with 8 nations having nuclear bombs. Do you agree?
President Donald Trump’s trade war and the rise of protectionist policies have stoked fears that global commerce is now a zero-sum contest, and legendary investor Warren Buffett is concerned about where we’re headed. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 5 […]