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☆ I was in debt and struggling when a $45,000 inheritance changed my life
▼ + stars: | 2024-03-16 | by ( Chris Boutté | ) www.businessinsider.com time to read: +5 min

I also invested my son's $15,000 inheritance and have taught him about finances. AdvertisementI come from a family where not only were we lower-middle class, but we didn't talk about money. I also started racking up a ton of debt in my 20s as I struggled with an alcohol and drug addiction. Fast forward to 2021, and I received an inheritance of $45,000 from my grandfather, who sadly passed away the previous winter. My son also received an inheritance of about $15,000, and he was 12 years old at the time.

Persons: —, didn't, Ramit Sethi Organizations: Service, Netflix, YouTube Locations: America

Generational wealth makes investments more importantIn short, generational wealth is the wealth that’s passed down through a family from generation to generation. AdvertisementIn order to understand generational wealth, I had to understand the history of Black people in America. He and his siblings didn’t receive generational wealth when their parents died, and they also didn’t have the same opportunities as white families. AdvertisementNow that I understand generational wealth, I’m still frustrated, but I no longer feel like I’m inadequate or unintelligent, because I now understand the privileges that I didn’t have. Fortunately, now I can take my frustrations about generational wealth and use it when I go to the voting booth.

Persons: I'm, I've, That’s, didn’t, you’re, we’d, grandpa, I’m Locations: America, Modesto , California

☆ NFL reminds teams they can't bet on sports during Super Bowl week in Las Vegas
▼ + stars: | 2024-02-02 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"Super Bowl LVIII is a highly anticipated and thrilling event for our fans and viewers. Super Bowl 58 in Vegas is expected to be the most bet on NFL championship ever. Staff must also strictly avoid sportsbooks, even for food or drink, while at the Super Bowl. However, employees of the Chiefs and 49ers won't be allowed to play until the Super Bowl is over. Correction: This story has been updated to reflect NFL gambling suspensions start at one to two years for players.

Persons: Roger Goodell, Goodell, Kayshon Boutte Organizations: National Football League, Super, Vegas . Employees, Kansas City Chiefs, San Francisco 49ers, CNBC, American Gaming Association, NFL, Louisiana State University, Staff, Chiefs, 49ers, CNBC PRO Locations: Las Vegas, Vegas ., Vegas

☆ Super Bowl LVIII teams not permitted to gamble in Las Vegas, NFL emphasizes rules are ‘no different’ to any other game
▼ + stars: | 2024-01-31 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —The NFL has emphasized that the gambling rules for the teams participating in Super Bowl LVIII are “no different” to any other game, despite the showpiece event being held in Las Vegas, Nevada. Players across the league received suspensions of varying degrees in the past year, with the NFL releasing a memo in June stressing the six “key rules” of its gambling policy. A general view of Allegiant Stadium in Las Vegas, the host for Super Bowl LVIII. But in an effort to preserve the “integrity” of the game, players from the two teams will not be able to bet as they will be “on business” as Miller said. “And I think those are the two primary orientations that we’re all working together to accomplish both at the same time.”

Persons: ” Jeff Miller –, –, Miller, Ethan Miller, ” David Highhill, ” Organizations: CNN, NFL, The Kansas City Chiefs, San Francisco 49ers, New England Patriots, Super, Super Bowl Locations: Las Vegas , Nevada, The, Las Vegas

After I got hit with thousands of dollars in taxes, I realized I needed to have a proactive plan. I keep a portion of my side hustle earnings in a high-yield savings account. I knew I had to take a different approachWhen my tax bill came, it was thousands of dollars that I didn't have. I keep my tax savings in a high-yield savings accountMy goal is to put about 30% of each payment into this savings account. I may end up using a tax preparation companyLastly, I'm considering using a tax preparation company, which typically costs a few hundred dollars at least.

Persons: —, I've, I'm, Gregory Becker Organizations: YouTube, Service, IRS, Small Business

☆ Patriots WR Kayshon Boutte arrested for sports betting
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPatriots WR Kayshon Boutte arrested for sports bettingDanny Cevallos, NBC News legal analyst, joins 'Power Lunch' to discuss the arrest of a NFL wide receiver for illegal sports betting.

Persons: Kayshon Boutte, Danny Cevallos Organizations: Patriots, NBC, NFL

(AP) — New England Patriots wide receiver Kayshon Boutte was arrested Thursday on charges related to illegal online gaming while he was under age and played at Louisiana State University, authorities said. Boutte is accused of creating an online betting account under a fake name and then placing more than 8,900 illegal bets. Six were wagers on LSU football, according to a state police news release. Seventeen wagers were made on NCAA football, which included wagers on LSU football between Aug. 28, 2022, and Oct. 9, 2023, the warrant states. Six of the wagers were on LSU football, including one game — LSU versus Florida State — where he bet on himself, investigators allege.

Persons: Boutte, FanDuel Sportsbook, “, ” Boutte, Kayla Fortenberry Organizations: — New England Patriots, Louisiana State University, NCAA, LSU, Baton, Louisiana State Police, Investigators, Patriots, East Baton, Florida State —, Westgate High School Locations: BATON ROUGE, La, Baton Rouge, East Baton Rouge, New Iberia, “

I have one bank that I use for investing and one that I use for credit cards and high-yield savings. Originally, I used Wells Fargo as my primary bank. This book taught me how to make my credit cards work for me and what to look for in credit cards. Now I have my credit cards, savings account, and auto loan all in one place. But if they ever pull a Wells Fargo, I have my process to find a new bank.

Persons: —, Wells, Wells Fargo, Charles Schwab, Ramit Sethi, Cash, I've, they're Organizations: Service, Vanguard, Self Locations: Wells Fargo, Wells

☆ What is Peptic Ulcer Disease?
▼ + stars: | 2023-09-07 | by ( Dani Blum | More About Dani Blum | ) www.nytimes.com time to read: +1 min

What is peptic ulcer disease? Around 5 to 10 percent of the general global population will develop peptic ulcers at some point in their lives, but many patients are asymptomatic. What causes peptic ulcer disease? A bacteria called Helicobacter pylori is a major cause of peptic ulcer disease cases. Another common cause of peptic ulcers is medications known as nonsteroidal anti-inflammatory drugs, like those that bring down a fever or relieve joint pain — think aspirin, naproxen and ibuprofen.

Persons: Scott Gabbard, Harold J, Boutte, Gabbard, It’s, Amy Oxentenko, Mark Pochapin Organizations: Cleveland Clinic, Northwestern Medicine, Mayo Clinic, gastroenterology, NYU Langone Health

☆ I spent most of my life without a penny in savings, but learning how much I can earn with high-yield savings completely changed my approach
▼ + stars: | 2023-08-26 | by ( Chris Boutté | Avril Ayers | Freelancer | ) www.businessinsider.com time to read: +6 min

I've spent the majority of my life without a single penny in savings, but over the last few years, I've woken up and realized how ignorant I was to not take advantage of high-yield savings accounts. I didn't know much about saving moneyOnce I started educating myself about personal finance that I discovered high-yield savings accounts. Basically, high-yield savings accounts pay out a higher percentage than normal savings accounts by simply storing your money at a certain bank. I found a high-yield savings account that meets my needsThe first thing I did was start researching high-yield savings accounts to see who paid the most. All this required was a quick Google search for "best high-yield savings accounts."

Persons: I've, it's, Banks, They're, Chase, I'd, she's Organizations: Service, Bank of America Locations: Wall, Silicon, Wells Fargo

Getting more money when I was struggling with mental health didn't fix my problems. My depression led me to self-medicating with drugs and alcohol, and I thought that once I finally had money, everything would be alright. More money didn't solve my problemsGrowing up, I lived with my dad. Every time I received a raise or a promotion, I thought that would be what would remedy my depression. I'm grateful for everything I've been through, because it taught me that I don't need money to be happy.

I had very limited access to financial support for college, so I dropped out after a semester. I dropped out of college after a semester, and it has worked out great for me. And that's when I realized that college wasn't a necessity. College is worth it for many, but it wasn't for meSo, is college worth it? Based on my experience, I don't want my son to think he doesn't need to go to college.

A message from a hacked friend on Facebook meant my information was out in the open for anyone. But one day, last summer, I decided to check my Facebook account and had a message from an old friend asking, "Is this you?" Someone had charged almost $200 in Facebook ads to my PayPal account. I set up notifications from PayPal and my bankI set up notifications for all of my accounts, including PayPal. What I've learned is they try your email and password for the most popular websites where you can order things and link your account information.

I've been fired or laid off from a job nearly a dozen times in 19 years of work. I'm always prepared for job loss because I do all of the below-listed strategies between jobs as well as when I'm working full-time. I've spent hundreds of hours finding various ways I could do side hustles to bring in extra money. I've spent hundreds, if not thousands of hours, developing these skills by watching tutorials, taking online courses, and practicing by creating my own content. When I'm working, I'm always kind and friendly with as many people as possible as well.

Finally, I repaired my credit to a point where I was able to buy a car by cosigning with my dad. After a couple of years, I was able to repair my credit enough to get another car without a cosigner. Due to my credit score being in the mid-500s, I received a subprime loan with interest at 10%. My car payments dropped from $450 per month to about $350, and I'm going to save $1,700 over the course of my loan. This was all due to educating myself on credit repair and the benefits of refinancing, and now I love sharing this knowledge with others.

As I continued to read more articles and saw people discussing quiet quitting on TikTok, I thought, "This is nothing new." Once I realized there was no guarantee that I'd see the benefits of overworking myself, I was able to find much more time for side hustles and avoid burnout by "quiet quitting." Quiet quitting helping me grow my side hustlesIf I didn't have that extra time from quiet quitting, I never would have been able to make this extra money. The primary difference is that I now do the extra work on my terms. I even have the time to make extra money doing freelance writing about personal finance, like this piece that you just read.

"I Will Teach You to Be Rich" helped me get out of debt, fix my credit, and save money. I read dozens of books, but "I Will Teach You to be Rich" by Ramit Sethi, is the one that changed my life. I figured I'd just be one of those people who never had good credit, a savings account, a retirement account, or any type of investments. I have great interest rates on my credit cards, and I even haggled an amazing deal when refinancing my car. The lessons from "I Will Teach You to be Rich" by Ramit Sethi changed my life, and I can't recommend it enough.

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