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New Yorkers React To Retirement Numbers, Exclaiming 'Who Could Save That Much?'
2024 Jul 12, 3:00pm | 715In a recent discussion on retirement savings with Vox, labor economist Teresa Ghilarducci laid out some stark benchmarks: by age 30, you should have saved one times your annual salary; by 40, two and a half to three times; and by 60, eight to 10 times. These numbers left many New Yorkers, like...
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This Man Was 'Richer Than Bill Gates for 3 Days', Making $1.4 Billion A Day Until He Lost $70 Billion — But Now He's a Billionaire Again
2024 Jul 12, 1:00pm | 719Popular billionaires like Elon Musk, Warren Buffett, and Bill Gates often dominate headlines. But a lesser-known narrative from Japan is quite shocking — Masayoshi Son’s financial roller coaster. Son, the Chief Executive Officer of SoftBank, although not as globally recognized as some of his...
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Charlie Munger Said The Trick To Becoming Extremely Rich Is The First $100,000 — But Warns It's A 'Long Struggle For Most People'
2024 Jul 12, 11:45am | 741The late Charlie Munger, Warren Buffett's right-hand man and long-time partner at Berkshire Hathaway, left a legacy of wisdom that continues to guide investors. Although he passed away in 2023, his words from the 1999 Berkshire Hathaway annual shareholders meeting remain as relevant today as ever....
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Dave Ramsey Rails On The Importance Of Investing Right NOW, 'I'm Not Waiting On The Clash Of Old Men, Trump And Biden'
2024 Jul 12, 11:00am | 903When it comes to investing, many first-time investors put so much pressure on finding the best time to invest, especially with the upcoming elections and the uncertainty surrounding the White House. Financial guru Dave Ramsey of The Dave Ramsey Show tells listeners that he does not wait to invest...
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Financial Illiteracy Epidemic: 57% Of Americans Can't Even Score 50% On A Financial Literacy Test
2024 Jul 12, 9:30am | 628If you think you’ve mastered financial basics, you’re either overconfident or in the minority. A new report from the Global Financial Literacy Excellence Center shows that the average American scored just 48% on a financial literacy test, with groups scoring as low as 37% in certain...
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Were High-Income Americans Really Paying 91% Income Tax In The 1950s?
2024 Jul 11, 4:00pm | 951There's a common belief that wealthy Americans were heavily taxed in the 1950s, with a top income tax rate of 91%. But was this the case? Let’s breakdown what was happening with taxes back then. The top federal income tax rate was 91% for much of the 1950s. However, this figure is a bit...
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44% Of Americans Reach 'Super Saver Status' For Their Retirement Savings — Are You Among Them?
2024 Jul 11, 3:00pm | 703Many Americans are increasingly concerned about the retirement crisis threatening their savings and planning. However, 44% of Americans, referred to as "super savers," are on the right path toward a successful retirement. Don't Miss: Are you rich? Here’s what Americans think you need...
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Dave Ramsey Says You Should Withdraw At 8% In Retirement, But Suze Orman Says Absolutely Not And Calls Even 4% 'Very Dangerous' — Who's Right?
2024 Jul 11, 1:00pm | 691A debate over retirement withdrawal strategies has erupted, with financial experts Dave Ramsey and Suze Orman at the center. This topic was recently posted on the Power of Zero YouTube channel, where differing opinions have sparked a broader discussion among financial advisors and retirees. Don't...
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Warren Buffett's Daughter Slept In A Dresser Drawer Instead Of A Bassinet As A Baby — For His Second Kid, He Borrowed A Crib
2024 Jul 11, 11:45am | 801Warren Buffett is one of the richest men in the world today, with a net worth of $129 billion. He's also notoriously frugal. Many know he still resides in the house he bought for $31,500 in 1958 and drives a ten-year-old Cadillac with hail damage. However, lesser-known aspects of Buffett's life...
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21-Year-Old Caller On The Ramsey Show Argues Index Funds Are Better Than Mutual Funds, Hosts Say 'Just Freaking Invest'
2024 Jul 11, 10:00am | 885In a lively segment of the Ramsey Show, 21-year-old caller Matt sparked a spirited debate on the merits of index funds versus mutual funds. Matt, who has been investing since he was 15, called in to ask why the show’s hosts, known for their financial advice, prefer mutual funds over index...
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Should People Increase Their Emergency Funds Every Year to Keep Up with Inflation? — Internet Responds 'This Is Where Budgeting Is Key'
2024 Jul 10, 3:05pm | 681With the alarming increase in everyday expenses due to rising inflation, consumers are turning to the Internet for financial advice. One Reddit user questioned how much they need to adjust their emergency fund every year. Don't Miss: The average American couple has saved this much money for...
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Suze Orman Breaks Down 8 Things You Should 'Absolutely Do' With Your Inheritance, Including Retirement Savings
2024 Jul 10, 1:07pm | 1020Renowned personal finance expert Suze Orman, host of the "Women & Money" podcast, recently shared several things that she firmly believes people should do if they receive an inheritance. "You have to look at your financial situation and you need to write everything down," she starts out. ...
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'A Real Man Doesn't Pay His Girlfriend's Bills' — Dave Ramsey Hosts Give Controversial Advice To Caller With Financially Demanding Partner
2024 Jul 10, 12:03pm | 902In an episode of the Dave Ramsey Show featuring Anthony O’Neal and Dr. John Delony, a caller named Dave from Pennsylvania discussed the challenges in managing finances within his relationship. Dave revealed his adherence to Ramsey’s financial strategies, including the debt snowball...
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Charlie Munger Swore By Following 'Grandma's Rule' Of Eating Your Carrots Before Dessert If You Want Success in Life — Here's What He Meant
2024 Jul 10, 12:03pm | 917Charlie Munger, Warren Buffett’s longtime business partner and an accomplished investor in his own right, left an indelible mark on the investment community before passing away at 99. His sharp wit and profound insights continue to inspire and educate, offering valuable lessons for life and...
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I Gave Up My Inheritance To Cover My Mom's Nursing Home Expenses And Didn't Tell My Wife — Am I In The Wrong?
2024 Jul 10, 11:30am | 923When elderly parents face serious health challenges, the financial burden can cripple even the closest families. In the U.S., costs for long-term care for individuals with Alzheimer's and other dementias are projected to reach $360 billion this year. Don't Miss: Mark Cuban believes “the next...