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Austin Urlaub, 23, Michigan Finishing his master's in social work amid booming demand from people seeking addiction treatment. Lives at home and earned a free ride to college, so his financial situation is stable. But the Michigan native is still the first in his family to go directly into social work. “But now, social workers are becoming in demand; every workplace now pretty much requires one. Living situation: Urlaub is living at home with his parents while he completes his master's.

Persons: Austin Urlaub, Urlaub, ‘, you’re, ’ ”, It’s, I’m, He’s, ”, “ It’s, “, it’s, there’s, Joe Biden, Donald Trump, ” Urlaub, Robert F, Kennedy Jr, it’ll, We’ve, ’ Organizations: NBC, Michigan, GOP, CNN Locations: Michigan, ”, Detroit

Shares in Trump Media and Technology Group were down about 7% on Monday afternoon after the company reported scant revenues and a net loss in its first full quarter as a public company. Meanwhile, Donald Trump returned to X early Monday in advance of his interview with X owner Elon Musk later in the day, raising some doubt about whether Trump would continue favoring Truth Social, the social media platform owned by Trump Media. Shares in Trump Media have been subject to significant volatility since it began trading in late March thanks in part to competing bets from Wall Street traders about how much the stock would fall. With rare exceptions, Trump has almost exclusively posted to Truth Social since the platform came into being in February 2022. They’re coming after you.”In its quarterly report, released late Friday, Trump Media addressed the launch of its streaming service, Truth+, this month.

Persons: Donald Trump, Elon Musk, Trump, “, Mr, Musk, “ They’re, They’re, Devin Nunes Organizations: Trump Media, Technology Group, X, Trump, Wall, Republican, Trump Media's, Social, Big Tech Locations: California

☆ Why AriZona Iced Tea CEO won't raise 99-cent price: 'It's my little way of giving back'
▼ + stars: | 2024-06-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

AriZona Iced Tea first put its iconic 99-cent cans in stores in 1992. the brand's chairman and founder Don Vultaggio said in a recent interview with Today. And while Arizona has expanded into selling merch and alcoholic beverages, it is still focused on selling as many 99-cent cans as it can. Sign up today and use code EARLYBIRD for an introductory discount of 30% off through July 10, 2024. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Don Vultaggio, Forbes, Vultaggio, doesn't Organizations: CNBC, Coke, Pepsi Locations: AriZona, , AriZona, Arizona

Thedieck, now 31, is still in the military, and has gotten an awful lot of what he's wanted ever since. Darren Thedieck, age 31, joined the Air Force at age 18. Saving on a military salaryThedieck was interested in saving and investing long before he joined the Air Force. Right now, though, the plan is for that money to provide a financial "cushion" for the family, Thedieck says. Instead of full retirement after military life, both he and Naudia plan to take off in a new direction.

Persons: Darren Thedieck wasn't, he's, Thedieck, He's, Darren Thedieck, Andrea Ferro, Naudia, Denmark —, he'll, — Warren Buffett, Benjamin Graham, Darren, That's, They're Organizations: CNBC, U.S . Air Force, Air Force, titans, Social Security, Service Credit Union, Apple, Disney, Netflix, Spotify, FIRE Locations: Las Vegas, England, South Korea, Germany, Aviano, Italy, Venice, Denmark, United States

☆ 32-year-old mom's Poshmark side hustle brings in nearly $4,000 a month—she only works 3 to 4 hours a day
▼ + stars: | 2024-05-03 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

In October 2017, Jones' sister convinced her to start a store on online marketplace Poshmark. Initially, Jones sold the items from her own closet. Here's how Jones, who's married with two daughters and lives in Garden Valley, California, built her online thrifting hustle. After her sister suggested she open a Poshmark store, Jones quickly discovered how easy it was to make money on it. She decided to dedicate her Poshmark earnings to doing so, working on the store after she'd get home from work at Pauli Systems.

Persons: Maria Jones, I've, thrifting, Jones, who's, she'd, ramping, Tommy Hilfiger Organizations: University of California, Pauli Systems Locations: Garden Valley , California, Berkeley

☆ Kentucky lottery winner: Louisville man uses prize money to get out of debt
▼ + stars: | 2024-03-05 | by ( Kara Nelson | ) edition.cnn.com time to read: +2 min

Stallard scratched off the $5 ticket in his truck, revealing a “50x” symbol – meaning the listed winning prize on his ticket would get multiplied by 50. “I figured it was going to be $5,” he said, according to a news release from the Kentucky Lottery. “I couldn’t believe it!”He had won the lottery game’s grand prize. Stallard won $150,000 that Friday afternoon, and held onto the winning ticket for the next three days. There are still two $150,000 winning tickets remaining for 50x The Cash lottery game, according to the Kentucky Lottery.

Persons: Charles Stallard, Stallard, “, ”, ” Stallard, I’m Organizations: CNN, Kentucky Lottery, Federal Reserve Bank of New, Federal Reserve, US Locations: Kentucky, Louisville, Federal Reserve Bank of New York, York

☆ How Black Americans define success
▼ + stars: | 2024-02-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —A majority of Black Americans say they feel at least somewhat successful but nevertheless feel financial pressures regardless of income, according to a new survey released Thursday by the Pew Research Center. The survey of more than 4,700 Black Americans sought their views on what constitutes success — how they define it, how they view themselves in that context and the concerns they have in achieving it. “Most Black Americans (66%) consider themselves at least somewhat successful,” Pew researchers wrote in their analysis. And regardless of income, most Black adults said they feel financial pressures. In an analysis of Black Americans’ income in July, Pew noted that only 6% of Black adults in the US made $100,000 or more in 2021.

Persons: ”, “, Pew Organizations: New, New York CNN, Pew Research Center Locations: New York

☆ A new type of student-loan forgiveness is coming this month
▼ + stars: | 2024-02-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewMore student-loan borrowers can expect debt relief starting this month through a new repayment reform. AdvertisementIt's unclear how many borrowers will immediately qualify for relief, and when those notices will start being sent out this month. Additionally, borrowers who are not currently enrolled in the SAVE plan will need to enroll at studentaid.gov in order to qualify for this benefit. For other borrowers, SAVE will calculate the most affordable payment based on income. "We look forward to discussing another avenue for borrower relief related to hardship at our next negotiation session," Kvaal said.

Persons: —, Education James Kvaal, Biden, Biden's, Kvaal Organizations: Service, Education Department, Business, Education, SAVE, Public, Democratic, Higher Locations: South Carolina

☆ I founded a company in Singapore in my 20s. Then I realized it was the perfect time in my life to walk away — so I did.
▼ + stars: | 2024-02-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

This as-told-to essay is based on a conversation with Cheah Wenqi , the 28-year-old cofounder of a Singapore-based media company. I was in my third year at Nanyang Technological University in Singapore when I cofounded a media company with three friends. Some of the videos we worked on for our class went viral, which is when we started thinking about creating our own platform. In my final years with the company, I headed the product growth and development team and worked on developing our YouTube page. After around five years on the job, I started thinking about what's next.

Persons: Cheah Wenqi, I, what's, Cheah, TikTok, Instagram, I'm Organizations: Nanyang Technological University, Central Locations: Singapore, Japan, China, Central Asia

☆ Student-loan forgiveness is coming early for some borrowers. Here's what you need to do to qualify.
▼ + stars: | 2024-01-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

This benefit will be put into effect ahead of schedule — all provisions of the SAVE plan were set to be implemented by July 1, 2024. Which borrowers qualify for early relief? Borrowers must first be enrolled in the SAVE plan to qualify for this early relief, which they can do at studentaid.gov. Borrowers who automatically qualify for the shortened timeline for relief will begin seeing their balances wiped out in February. The department said it will continue to identify borrowers who qualify for relief on "a regular basis," per the press release.

Persons: —, Joe Biden's, Education James Kvaal Organizations: Service, Business, Joe Biden's Education Department, Education, SAVE, Education Department

☆ The 5 levels of financial freedom, according to married money coaches, who say they've reached level 3
▼ + stars: | 2024-01-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

It's not hard to see why people find the concept of FIRE — short for financial independence, retire early — alluring. The Ficks, both age 36, have identified five stages of financial independence, and say they're currently in level three, known as "Coast FI." Debt freedomThe first step toward financial independence: freedom from debt. "The dream is location independence and being able to achieve that well before we reach financial independence," Corey says. Financial independence

Persons: It's, doesn't, Jessica Fick, Corey, Jessica, they're, They've, Here's, you'd, you've Organizations: FIRE, FI, Financial Locations: Boston, Madison

☆ 9 Moves to Help You Pay Off Credit Card Debt
▼ + stars: | 2023-10-31 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +14 min

More than half of all Americans are currently aren’t managing to pay their credit card bills in full each month, J.D. Power found recently, helping explain why we now owe a record $1 trillion in credit card debt. Request an interest rate reductionCall each of your credit card issuers and ask for a lower APR, advises Todd Christensen, education manager with Debt Reduction Services, a nonprofit debt counseling agency. Work with a nonprofit credit counseling agencyIf you’re struggling to make the minimum credit card payment required each month or already behind, reach out to a nonprofit credit counseling service for assistance. These organizations, typically members of the Financial Counseling Association of America or the National Foundation for Credit Counseling, will review your finances and credit card debt to help you better manage your budget and repayments.

Persons: Kerri Anne Renzulli, Power, you’ve, You’ll, Experian, Beverly Harzog, ”, Todd Christensen, John Ulzheimer, you’ll, you’re, Bruce McClary, Says Organizations: Mint, Debt, Surveys, TK, nab, Consumer Financial, Financial, Association of America, National Foundation, Credit, Credit Counseling Locations: FICO

Bloggers Marques and Shyra paid off their Sacramento home 21 years early. They paid an extra 1/12 of their payment twice per month, totaling two extra payments every year. You take your monthly mortgage payment amount and divide it by 12," Marques told Insider by email. With just 1/12 of their payment, they didn't notice the extra money they were putting towards their mortgage payment each month. They automated this extra payment to their mortgage lender so they didn't have to think about it.

Persons: Bloggers Marques, Shyra, —, Black, they'd, Marques, hustles Organizations: Bloggers, Sacramento, Service, Debt Free, Marques Locations: Sacramento, Shyra

I didn't want to have to sacrifice to the point of deprivation to live my ideal life. Then I learned about Slow FIRE — living your ideal life now while saving to reach your FIRE number. The idea that if you understood your numbers, you could aggressively invest, save, and reach retirement over a short period of time and begin living your best life when you hit your ideal retirement number. In retrospect, I'm surprised I felt so strongly about the FIRE movement, because nothing about my financial life would indicate that FIRE would ever be right for me. You don't have to be an entrepreneur to design your best life now.

Persons: I'm, weren't, hasn't, Read, It's, COVID, I've, doesn't, Get Organizations: Service, FIRE Locations: Wall, Silicon, Colorado

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). Melissa Jean-Baptiste graduated with $50,000 in student loan debt that ballooned to over $100,000. After graduating in 2010, Jean-Baptiste was in more than $50,000 of student loan debt. Despite making every single payment on her loans without fail, over time and with varying interest rates, she saw her student loan debt balloon to over $100,000. Here are the steps Jean-Baptiste took to pay off over $100,000 in student loan debt in six years:1.

Persons: Melissa Jean, Baptiste, Jean, Baptiste wasn't, Jean Baptiste, It's Organizations: Service, Citibank Locations: Wall, Silicon

☆ A millionaire couple in their 30s has 3 investing accounts set up for their 2-year-old daughter — and one for a baby on the way. Anyone can open one to help their kids get a head start on investing.
▼ + stars: | 2023-07-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

They have three investment accounts for their 2-year-old daughter, including a 529 plan. Insider reviewed screenshots of their investment accounts that showed these details. Brennan walked Insider through the investment accounts they've already opened for their kids. With a custodial Roth IRA, a "custodian" (usually a parent or grandparent) controls the Roth until the child reaches legal adulthood. While there are no age requirements to open a Roth IRA for a child, the child must have earned income.

Persons: Brennan, Erin Schlagbaum, Erin, Rowe Price, that's, Roth, she'll Organizations: Google, YouTube, IRS, Fidelity, Vanguard, IRA

☆ Thames Water: Why Britain's water industry is struggling with sewage spills, huge leaks and crushing debts
▼ + stars: | 2023-07-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

The UK water sector is “clearly in a state of multiple crises,” said Dieter Helm, a professor of economic policy at the University of Oxford. Thames Water in troubleThe industry’s long-running problems have been thrust into the spotlight by a looming cash crunch at Thames Water, which serves 15 million people in London and the southeast of England. An aerial view of a Thames Water sewage treatment works in west London. A screen displays real-time notifications of sewage leaks into waterways in the region controlled by Thames Water in January 2023. Will Thames Water be nationalized?

Persons: ”, Dieter Helm, “, ” Helm, Ofwat, Abu Dhabi, David Black, Ben Stansall, Iain Coucher, they’ve, ” Black, Margaret Thatcher’s, David Hall, Leon Neal, ” Hall, Sarah Bentley “, Maureen McLean, Helm Organizations: London CNN —, University of Oxford, CNN, Thames, Getty, Yorkshire Water, Margaret Thatcher’s Conservative, Public Services International Research Unit, University of Greenwich, Thames Water, Ontario, BBC Locations: England, Wales, London, China, Abu, AFP, Yorkshire, Windsor, UK

☆ The Supreme Court Has Killed The Promise of Higher Education - The New York Times
▼ + stars: | 2023-07-07 | by ( Tressie Mcmillan Cottom | Jillian Weinberger | ) www.nytimes.com time to read: +4 min

And I study higher education, inequality, the internet, and race, class, and gender — all the fun stuff. The Supreme Court decisions are painting a bigger picture of the American dream as one where the scales have been righted back to the original vision of this nation. What we have done is we have voided the 20th century American dream. That is, who will write the new rules for a forward-facing American dream? I do not see a sense of urgency about writing a version of an American dream that appropriately and accurately diagnoses that we’ve lost something here.

Persons: Tressie McMillan Cottom, Roberts, we’ve Organizations: The New York Times, Brown, Swann Schools, Supreme, Democrat, Republican Locations: ”, Charlotte, Mecklenburg, American

☆ These 3 unique challenges have an 'overarching effect' on LGBTQ people's finances
▼ + stars: | 2023-06-30 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

The challenges unique to the queer community are present year-round. "David and I like to say that 80% of personal finance is the same for everybody. That's the finance in personal finance," he says. "But the other 20%, which is the personal side of personal finance, is based on our backgrounds, our histories, our socioeconomic status, race, creed, segmentation, all of that." Here are three unique financial challenges queer people face, and how LGBTQ-focused financial planners say they can overcome them.

Persons: John Schneider, David Auten, David, Schneider, Laura LaTourette, Frank Summers, Summers, Catherine Valega Organizations: Human, D.C, Family Wealth Management, Cetera Advisors, CFP, Green Bee Locations: San Francisco , New York, Chicago, Dahlonega , Georgia, Charlotte , North Carolina, Winchester , Massachusetts

☆ I'm a queer woman who founded a private-equity firm. Here's what LGBTQ+ people need to know about their finances.
▼ + stars: | 2023-06-30 | by ( Kelly Ann Wingnet | ) www.businessinsider.com time to read: +5 min

I want queer people to know that they need to start planning their financial futures early. I think LGBTQ+ people should start investing their money in companies and products that matter. When I founded Alternative Wealth Partners, a private-equity firm, I learned that while money is green, "pink money" is also very real and very powerful. Specifically, queer people should seek out openly queer financial advisors or lawyers to help with financial planning. I also recommend queer people invest their money with purposeLGBTQ+ people have a lot of power as consumers and investors.

Persons: it's, — Organizations: Wealth Partners, Williams Institute, UCLA School of Law Locations: It's

☆ A 'fabulously gay' lifestyle put them $51,000 in debt. Now their net worth is over $1 million
▼ + stars: | 2023-06-17 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Instead, they had $51,000 in credit card debt and a lease on a basement apartment in Denver, Colorado. But one line item proved particularly shocking: interest charges from their credit card balance. It took the Auten-Schneiders less than three years to pay down $51,000 in credit card debt. Courtesy of Debt Free GuysThe couple used a 0% balance transfer to eliminate interest payments and stopped using credit altogether. Nearly everything they saved, they funneled toward paying down their credit card debt.

Persons: John Schneider, David Auten, they'd, Schneider, Auten, You'd Locations: Denver , Colorado, autopay

☆ Consumer spending: Gen Z, Millennials are scrimping. Boomers are living it up
▼ + stars: | 2023-06-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

While Baby Boomers and even Traditionalists (born 1928-1945) are ramping up spending, Gen X, Gen Z and Millennials are cutting back as they grapple with high housing costs and looming student debt payments. If not for the aggressive spending by Boomers, Tinsley said, overall consumer spending would have been even more negative. Bank of America spending data shows a noticeable bump in spending by households that received the cost-of-living boost. The student debt freeze, in effect since March 2020 when the Covid pandemic erupted, is expected to conclude by the end of August. For millions of Gen Z and Millennials, the return of student debt payments will mean less money for spending on restaurants and vacations.

Persons: Gen X, Gen, ” David Tinsley, Tinsley, ” Tinsley, ”, Biden, “ Organizations: New York CNN, Younger, Bank of America, Boomers, Bank of America Institute, CNN, Baby Boomers, Social, New York Federal Reserve Locations: Tinsley

A man on Dave Ramsey's show seven years ago said half his income was going towards his car loan. He is now debt free after following Ramsey's advice, and helps others with their own finances. A man who appeared on Dave Ramsey's show seven years ago said the harsh advice he got helped turn his finances around — and that he's now debt free. Ramsey is an American radio host and evangelical Christian who is known for his financial advice. But Amirfarzaneh, who does not have any part in the lawsuit, said he appreciated Ramsey's advice because it was simple.

Persons: Dave Ramsey's, Faraz Amirfarzaneh, Ramsey, Amirfarzaneh, It's, he's, he'd Organizations: BMW, Toyota Avalon, Avalon, Toyota Locations: —, Los Angeles, American, Texas

☆ These companies are winners in the debt ceiling deal
▼ + stars: | 2023-05-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The debt ceiling deal in Washington did not set off a celebration in the stock market. The Sierra Club called on Congress to reject the deal and pass a clean bill to raise the debt ceiling. Wall Street is also betting lending company SoFi will cash in from the debt ceiling deal because it calls for borrowers to start paying back federal student loans at the end of the summer. IRS funding cuts, defense spending intactMeanwhile, the debt ceiling deal would shift a total of $20 billion in IRS funding from fiscal 2024 and fiscal 2025 to be used in non-defense areas. The defense industry is also emerging largely unscathed from the debt ceiling battle, unlike in 2011 when Washington agreed to significant defense spending cuts.

☆ The Best Credit Cards with No Annual Fee
▼ + stars: | 2023-05-27 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 17.24% to 28.24%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

Persons: Kerri Anne Renzulli, you’ll, That’s Organizations: Wells, Cash, Capital, Walmart, Netflix, Hulu, Entertainment, Visa, Mastercard, Chase Ink, Chase, Owners, Best Business, Card, of America, Bank of America Locations: Wells

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