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Elon Musk Admits, 'I Really Didn't Think Tesla Would Be Successful' But Says If Something Is Important, Try It — Despite 'Probable Failure'
2024 Apr 25, 2:21pm | 766Despite recent fluctuations in Tesla Inc.'s sales, the brand's impact on the automotive industry is undeniable as it ranks as one of the most popular car companies worldwide. But CEO Elon Musk wasn't always so confident Tesla would become the household name it is today. In a 2014...
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Should You Begin Collecting Social Security At 62, 67 Or 70? — The Right Answer May Depend On Your 'Break-Even Point' Or Life Expectancy
2024 Apr 25, 1:37pm | 831For decades, the question of when to claim Social Security benefits has sparked heated debates around dinner tables and in online forums. Some advocate taking the money and running at 62, the earliest possible age. Others preach the virtues of patience, advising to wait until 70 to maximize those...
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Charlie Munger Warned Against Making A 'Dangerous' Career Mistake — 'Don't Work For Anyone You Do Not Respect And Admire'
2024 Apr 25, 8:17am | 651Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc. and renowned investing sage, left behind a wealth of advice that extends far beyond the financial markets. In one of his final writings for CNBC, Munger shared invaluable career guidance rooted in decades of business experience. His...
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Dave Ramsey Against 401(k) For Education: 'Your Retirement Savings Come First, Even Before Funding College For Yourself Or Your Kids'
2024 Apr 24, 1:53pm | 1024For many people, having a 401(k) savings plan means having access to money in the event of emergencies or unplanned big expenses. However, finance guru Dave Ramsey warns people to resist the temptation of cashing out their 401(k)s, and here's why. Because a 401(k) retirement lets you invest a...
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5 Psychological Secrets We Learned After Reading This
2024 Apr 24, 12:40pm | 364Morgan Housel is the top finance author of the 2020s: The Psychology of Money sold 5M+ copies Named a top 50 market influencer Columnist at The Motley Fool Here are 5 major insights from his book that will help you invest like a pro: 1. Relative Wealth Your absolute wealth doesn't...
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'How Is Turning $100,000 Into $1 Million Easy?' 26-Year-Old Asks Strangers Why Net Worth Explodes From There — Here's What They Said
2024 Apr 24, 12:34pm | 806The late Charlie Munger once said that the first $100,000 is a critical stepping stone in building wealth — a sentiment echoed by many financial experts. However, a Reddit user recently sparked a discussion on the r/FinancialPlanning subreddit by questioning the perceived ease of growing net worth...
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Charlie Munger Explained If You Want To Become Rich, Stop Trying To Be 'Intelligent' And Aim For 'Not Stupid' Instead
2024 Apr 24, 10:38am | 614Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc., was renowned not just for his investment prowess but for his unconventional approach to achieving financial wisdom. In a world where intelligence is often touted as the key to success, Munger proposed a counterintuitive strategy....
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Improving Credit Score Is A Long Process That Requires Patience And Discipline — But These 6 Proven Strategies Can Speed Things Up
2024 Apr 24, 10:29am | 1069Looking to give your credit score a much-needed boost? Whether you’re dreaming of a new home, a nicer car, or just seeking the peace of mind that comes with financial flexibility, improving your credit score is pivotal. Luckily, boosting your credit score can be quicker than you think. Here...
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Gen Z Asks Why They Can't Afford To Live — 'I Do Not Want To Hear Pull Yourself Up By Your Bootstraps, Work 90 Hours A Week'
2024 Apr 23, 1:02pm | 813TikTok has long been a popular venue for Gen Z to express themselves, and recently, it has gained attention as a place where they vent about economic struggles. This month, a TikTok user named Nic posted a video that has attracted over 10 million views, expressing his exasperation with the current...
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What Makes You Feel Rich? Here's The Average Net Worth Of People Who Consider Themselves 'Wealthy'
2024 Apr 23, 12:07pm | 679Americans estimate that a net worth of $2.2 million is required to be considered wealthy, according to a 2023 survey conducted by Charles Schwab & Co., Inc. However, the survey reveals a significant disparity between perceived wealth requirements and the actual net worth of those who feel...
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Warren Buffett's First Wife Said He Insisted, 'I'm Going To Be The Richest Man In The World' — She Had Doubts But Died Before He Proved It
2024 Apr 23, 11:41am | 686Warren Buffett, often hailed as one of the greatest investors of all time, had an unwavering confidence in his potential that was evident even during the early stages of his relationship with Susan Thompson Buffett. Susan’s first encounter with Warren wasn’t exactly idyllic — she...
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Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
2024 Apr 23, 11:03am | 734Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely....
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5 Things A Penny Jar Taught Me About Savings And Wealth Building And Why You Should Give It A Try As Well
2024 Apr 23, 6:20am | 880Almost everyone has spare change jangling in their pockets or lying forgotten in drawers and so did I. After years of burgeoning wallets and coins tucked away in drawers, I decided to start a Penny Jar. What if you too could turn that overlooked nuisance into a powerhouse of benefits? Starting a...
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Millennials Think They'll Retire At 51 With $500,000 Or Less Saved, But Gen Z Is Far More Realistic And Plans To Work Until 70
2024 Apr 22, 12:01pm | 609Forget the traditional picture of retirement filled with rocking chairs. A recent YouGov survey reveals a fresh perspective on retirement for Gen Z and millennials, highlighting some intriguing trends and contrasting viewpoints. Don't Miss: The average American couple has saved this much money for...
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Dave Ramsey Says When You Get Married, Combine All Money — 'Preacher Didn't Say And Now You're A Joint Venture. He Said And Now You're One'
2024 Apr 22, 11:39am | 781In a TikTok post from 2023, financial expert Dave Ramsey responded to a caller from Denver, who inquired about how married couples should handle their finances. The caller asked whether couples should combine everything financially upon marriage, to which Ramsey said, "Yes." Seeking further...