Personal finance

The new way to teach personal finance to your kids?  hire them

The new way to teach personal finance to your kids? hire them

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. Want to teach your kids about money? Hire them. With side hustles …

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This joint early retirement strategy is a 'terrible idea', says financial planner

This joint early retirement strategy is a ‘terrible idea’, says financial planner

If you’re hoping to retire early, you’ll need to find a way to replace your salary without working. In a traditional model, this means accumulating enough savings to be able to withdraw some of it each year to fund your lifestyle while the rest continues to grow. Unless you win the Powerball, how much should …

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These are the $30,000 questions you need to ask yourself if you want to get richer, says personal finance guru Ramit Sethi (and psst: the pros say he's right)

These are the $30,000 questions you need to ask yourself if you want to get richer, says personal finance guru Ramit Sethi (and psst: the pros say he’s right)

When it comes to building wealth, entrepreneur Ramit Sethi says it’s important to focus on the big picture. Getty Images No, it’s not about latte — well, at least according to Ramit Sethi, entrepreneur and New York Times Best Seller author I will teach you how to be rich. He says we shouldn’t focus on …

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5 key personal finance issues this midterm election - and what they mean for your wallet

5 key personal finance issues this midterm election – and what they mean for your wallet

As Americans head to the polls, several key personal finance issues weigh on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point increase in interest rates to fight inflation, triggering further losses in stock markets. Meanwhile, recession fears are growing, with 84% of Americans worried about how a …

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7 major retirement risks to avoid

7 major retirement risks to avoid

Preparing for retirement has changed significantly over the past few decades. Not only are people living longer due to improved health care, but costs have risen dramatically everywhere. The biggest difference between yesterday’s retiree and today’s retiree is the reduced defined benefit plan – or retirement plan – replaced by defined contribution plans with the …

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