Personal Finance

President-elect Donald Trump's promise to impose 25% tariffs on goods from Canada and Mexico and even more on China has sparked debates among economists, trade experts and consumers. These proposed tariffs, which Trump says will help address illegal immigration and drug trafficking, could lead to...

Inflation? Not on Steve Hanke's watch. The veteran economist says fears of inflation spiking under Trump's second term are way overblown. "All this talk about Trump’s policies are going to cause inflation to kick up again is just nonsense," he said during a CNBC interview on Sunday, as...

When we think about being "rich," the image isn't the same for everyone. Maybe it's about finally feeling like you're not just scraping by or being able to take a vacation without worrying about next month's bills. Maybe it's the freedom to leave work at 5 p.m. without a second thought or knowing...

Dave Ramsey is known for his simple approach to personal finance. He often says, “beans and rice, rice and beans,” to tell people to cut their expenses. But some people take this literally and miss the real point. Let's clarify what Ramsey means when he says to live on “beans and...

Suze Orman, financial expert and host of the Women & Money podcast, recently raised concerns about the potential impact of artificial intelligence (AI) on the Social Security system. Speaking on her podcast, Orman acknowledged the growing anxiety among her listeners – many of whom are already...

Dave Ramsey has built a name for himself as the financial guru who preaches a simple, no-nonsense approach to money: ditch the credit cards, pay off your debt and live within your means. Millions have embraced his advice, cutting up their credit cards and committing to his cash and debit-only...

Regarding money, Generation X is stuck between a rock and a hard place. Born between 1965 and 1980, this group is in their 40s and 50s, in the middle of their peak earning years.  On paper, Gen X seems to be doing well – they have the highest average income of all generations. But behind those...

Even with millions – or even billions – in the bank, the stars of Shark Tank are surprisingly selective about how they spend their money. From shunning luxury items to embracing thrift, these entrepreneurs share what they refuse to splurge on – and why. Don't Miss: Can you guess how many Americans...

Everyone knows Warren Buffett is famous for being frugal. This is the billionaire who still lives in the same house he bought in Omaha in 1958 for $31,500 and is perfectly content eating McDonald's breakfast most mornings. But what's it like to be on the receiving end of his gift-giving? Turns out...

When we think about financial success, the first thing that comes to mind for many people is having a lot of money. However, according to a recent Empower survey, most Americans do not believe that having money is the most crucial component of success. Instead, 59% of people say happiness – being...

During a recent episode of The Ramsey Show, Dave Ramsey and co-host Jade Warshaw fielded a question from a caller named Rachel, a 35-year-old single woman working in children's ministry in Cleveland, Ohio. Rachel asked whether she could realistically become a homeowner and start saving for a...

Grant Cardone recently asked a question that many people are considering – if the government can print money, why do we need taxes? His tweet came during ongoing debates about how taxes are used, who benefits from tax cuts and whether the current system is helping regular Americans. Explain to me...

In a recent interview with FOX Business, Kevin O’Leary, a well-known business owner and investor, discussed the mistakes made by big companies in America. He pointed out Target (NYSE:TGT) and Anheuser-Busch (NYSE:BUD) as examples of what he called “idiot management” and a complete...

According to Federal Reserve data, the average retiree's net worth is $1.79 million. Sounds impressive, right? But here's the catch: that number doesn't tell the whole story. A small group of ultra-wealthy individuals significantly skews the average, making it more of an illusion than a reality for...

Social Security has always been a hot topic, especially as retirement looms closer for millions of Americans. Add headlines about the program potentially running out of money, and it's no wonder people start to panic.  But in a 2021 blog post, financial expert Suze Orman tackled these fears...