Personal finance

Following this advice from Ramit Sethi could change your financial life

Image source: Getty Images Consider following this advice from Ramit Sethi to rethink the way you manage your money. Key points Many people manage their money by focusing on cutting small expenses, but Ramit Sethi doesn’t think that’s the best approach. He urges looking for a few big wins rather than asking $3 questions. Worrying …

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How a 28-year-old is turning the 'masculine, pale, stale' personal finance industry into everyone's 'Rich BFF'

How a 28-year-old is turning the ‘masculine, pale, stale’ personal finance industry into everyone’s ‘Rich BFF’

Vivian Tu, the 28-year-old TikToker behind Your Rich BFF, knows how to explain private equity to her 2.2 million followers through a lens they can relate to: Kim Kardashian. “Kim K’s foray into private equity is going to make her a multi-billionaire while using other people’s money,” Tu kicks off the video in her typical …

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Today's mortgage and refinance rates: November 9, 2022 |  Fixed rates drop slightly

Today’s mortgage and refinance rates: November 27, 2022 | High rates hurt housing supply

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates have fallen from recent highs, but the average 30-year fixed …

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3 Ways Saving for Retirement Could Help Your Finances Today

3 Ways Saving for Retirement Could Help Your Finances Today

(Kailey Hagen) Saving for retirement is generally considered a form of deferred gratification. You choose not to spend some of your money now in exchange for more money when you retire. But that’s too simplistic a way of looking at it. Although you won’t realize the full benefits of saving for retirement until you withdraw …

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Want more retirement income?  Here's an investment worth owning

Want more retirement income? Here’s an investment worth owning

(Maurie Backman) Retiring on Social Security alone is generally a bad idea. These benefits will only replace about 40% of your pre-retirement salary if you earn an average salary. And that’s assuming that benefits aren’t substantially reduced across the board. As Social Security faces a financial shortfall, seniors could face benefit cuts if lawmakers don’t …

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What is the difference between the average and actual rate of return?

What is the difference between the average and actual rate of return?

If an investment advisor is touting an impressive average rate of return, beware, because losses can “hide” among gains and hurt your financial success. Let’s explore the meaning of the average rate of return versus the actual rate of return. Your most compelling reason for making an investment choice may very likely be based on …

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4 drastic - but painless - changes I made to my financial plan to prepare for a recession

4 drastic – but painless – changes I made to my financial plan to prepare for a recession

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. I’m already living like we’re in a recession to prepare for what …

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Today's mortgage and refinance rates: November 14, 2022 |  Rates hold steady after last week's drop

Today’s mortgage and refinance rates: November 26, 2022 | Cooling labor market is good news for rates

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates have remained relatively low this week, and the latest economic …

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