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I Am 44 Years Old With $5 Million Saved — Can I Retire Early If I Live A 'Frugal Lifestyle' In Coastal California?
2024 Jul 18, 12:40pm | 690According to a 2024 Northwestern Mutual poll, most Americans believe they will require around $1.46 million to retire comfortably. Nonetheless, those thinking about early retirement in expensive areas like coastal California can expect to have considerably higher financial requirements. A 44-year-...
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Congress Has Not Done Anything In 53 Years About Social Security, Says U.S. Rep. John Larson
2024 Jul 18, 12:15pm | 822In a recent address to the Speaker of the House and Congress on the House Floor, U.S. Rep. John Larson passionately called for immediate action on Social Security reform. Highlighting the program’s critical importance, Larson described it as the nation's number one anti-poverty initiative for...
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Charlie Munger Said Getting Rich Is Harder Than Ever, But Here's 'The Beauty Of It' — You Only Have To Do It Once
2024 Jul 18, 11:45am | 657Gone are the days of "eye-popping" returns, as even legendary investor Warren Buffett acknowledges. High valuations seem to be the norm, leaving many wondering — where are the good opportunities? The late Charlie Munger, Buffett's close friend and right-hand man, addressed these concerns in one of...
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Mark Cuban Insists He's Never Had A Mentor In Life, Instead He Says, 'I Always Try To Hire People That Are Smarter Than Me'
2024 Jul 17, 4:00pm | 672In an Inc. interview posted on YouTube several years ago, Mark Cuban, the billionaire owner of the Dallas Mavericks and a prominent figure on "Shark Tank," discussed his unique approach to business and entrepreneurship. Cuban, known for his direct and often unconventional methods, made it clear...
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Joe Rogan Says Everyone Should Be Getting $200k A Year 'It Would Be Better If All Of Your Needs Were Met Because Robots Control Everything'
2024 Jul 17, 3:00pm | 1092On a recent episode of the Joe Rogan Experience podcast, Joe Rogan talked to Billy Carson, the founder of 4BiddenKnowledge Inc. and First Class Space Agency. They talked about how fast technology is changing and how it might mean we won’t need to work for money anymore because robots and...
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Dave Ramsey Slams Instagram Rich: Your Fancy Friends Are Probably Broke
2024 Jul 17, 1:00pm | 750No, you’re not the only one who’s not rich or happy. It’s a repeating message: the lavish displays of wealth on social media are often not what they seem. Financial expert Dave Ramsey has a powerful message for those captivated by the opulent lifestyles they see online: "The...
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Suze Orman Praises Millennial Making $80,000 Until She Mentions $720 Car Payment: 'I Thought You Were So Smart. I Take Everything I Said Back'
2024 Jul 17, 12:30pm | 854Financial expert Suze Orman voiced her opinions on CNBC’s "Millennial Money," offering advice and reactions to a young professional’s financial choices, particularly about car ownership and investment strategies. Orman, known for her straightforward approach, dissected the financial...
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An Average American Would Need 3 Centuries To Match Tesla CEO's Yearly Paycheck
2024 Jul 17, 12:00pm | 747Elon Musk’s 11-figure pay package, in contrast to millions of Americans struggling to keep up with inflation and make ends meet, is a stark reminder of American inequality. The decline of the middle class, as per Pew Research, is not mere speculation: In 1971, 61% of Americans lived in middle...
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Do You Know How Much You Should Have In Your 401(k)? Here's What Experts Recommend Vs. The Actual Average Balance At Every Age
2024 Jul 17, 11:30am | 766401(k) plans are among the most popular ways Americans save for retirement. They’re so widely used because they offer great benefits like tax advantages, employer match programs, and the ability to automatically deduct savings directly from your paycheck, making it easier to save consistently...
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Warren Buffett Says Anyone Who Works 40 Hours A Week Should Live A 'Decent Life' — Here's What He Proposes Congress Do
2024 Jul 17, 10:30am | 731The American dream of financial security through hard work seems increasingly out of reach for many. Long hours and multiple jobs are the new normal, raising concerns about income inequality. Enter Warren Buffett, one of the world’s wealthiest, with a surprisingly grounded perspective. Don't...
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2025's Reduced COLA Estimate: Could This Be The Financial Break Retirees Need?
2024 Jul 17, 10:00am | 690When Social Security represents at least 30% of the income of people ages 65 and above, this program’s annual Cost-of-Living Adjustment (COLA) can greatly impact retirees. With inflation rates lowering over the past couple of months, 2025's COLA is currently estimated to be about 2.7%,...
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Inflation Won't Be Repaired By November Says Kevin O'Leary — 'It'll Be A Major Election Issue'
2024 Jul 17, 9:00am | 1011Canadian business owner and investor Kevin O’Leary, also known as Mr. Wonderful from his time on Shark Tank, recently shared his thoughts on a major issue: inflation. According to him, inflation is going to stick around for a while and will be a major topic in the upcoming elections. O’...
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Elon Musk Stopped Paying His Social Security Taxes Just Four Minutes Into The Year — Here's Why That's A Problem For You
2024 Jul 16, 4:00pm | 643A post on Threads in January pointed out a major issue with the Social Security system: Elon Musk stopped paying into it just four minutes into the new year. This happened because he made $168,600 quickly, hitting the wage cap on contributions. This example shows a bigger problem: the cap on Social...
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Retirees At 44 And 47? How This Couple Saved $2.2 Million To Retire And Travel The World
2024 Jul 16, 3:00pm | 883CNBC Make It interviewed a couple who left life in the United States behind to retire early and travel abroad. Dianne and Guillermo, 47 and 44, achieved FIRE (Financial Independence, Retire Early) and decided to quit the 9-to-5 to live their dreams. Don't Miss: Warren Buffett flipped his...
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Don't Take The Last Dollar
2024 Jul 16, 1:47pm | 1608My favorite scene in the movie Arbitrage (spoiler alert) is where Richard Gere’s character, Robert Miller, negotiates the sale of his business to a rival, James Mayfield. Miller, who has become increasingly frustrated with the lengthy negotiation process, tells Mayfield that the...