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☆ The No. 1 misconception most people have about feeling rich—and how to combat it, from a financial psychologist
▼ + stars: | 2024-09-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Many Americans believe they need to earn a certain dollar amount to feel rich. But even if they hit that goal or surpass it, they may be disappointed to find out they still don't feel satisfied with their finances, says Charles Chaffin, co-founder of the Financial Psychology Institute and a professor at Iowa State University. "The misconception is that there's an actual number and when people hit that number, they'll suddenly feel wealthy," he tells CNBC Make It. In fact, even millionaires don't always feel well off financially, according to recent data from Northwestern Mutual's 2024 Planning & Progress study. Here's one reason why that happens and what to focus on instead to feel more satisfied with your money, according to Chaffin.

Persons: Charles Chaffin, they'll Organizations: Financial Psychology Institute, Iowa State University, CNBC Locations: Northwestern, Chaffin

Learn moreThe WNBA Semifinals kick off on Sunday with an Aces vs. Liberty match-up in New York, a repeat of the 2023 Championship. We've put together everything you need to know about where to watch the Las Vegas Aces vs. New York Liberty, including when the game tips off and how to live stream it without cable. The Las Vegas Aces beat the New York Liberty last year 3-1 in the Finals, giving the Aces their second Championship title in a row. Where to watch Las Vegas Aces vs. New York Liberty in the USGame 1 of the Las Vegas Aces vs. New York Liberty semifinals will air on ABC in the US. Check price at ExpressVPNHow to watch Las Vegas Aces vs. New York Liberty with a VPNSign up for a VPN if you don't already have one.

Persons: We've, A'ja Wilson, they've, Breanna Stewart, we've, Fubo, ExpressVPN Organizations: Business, Aces, Liberty, Las Vegas Aces, . New York Liberty, New York Liberty, Connecticut Sun, . Minnesota Lynx, ABC, DirecTV, ESPN, ESPN2, DirecTV Stream Locations: New York, Vegas

☆ Sam Altman says learning AI will keep humans employed. Here's why else the robots might not take your job.
▼ + stars: | 2024-09-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

OpenAI CEO Sam Altman advises students to learn AI to stay relevant in the job market. An Indeed study found that 2,800 work skills are "very unlikely" to be replaced by generative AI. "People would say the same things — many of the same things — they say about AI now," he said. Humans have a lot of skillsAnother point for the don't-worry camp came from a new Indeed study identifying more than 2,800 work skills. AdvertisementKids are still learning to codeIt seems worries about an AI job-pocalypse aren't deterring some people from going big on tech, as Altman advises.

Persons: Sam Altman, Vinod Khosla's, —, There's, they've, Altman, Chris Hyams, Vinod Khosla, Svenja, Gudell, it's, Khosla, Indeed's Gudell, there's, Edward Kim, coders Kim, aren't, Kim, It's, " Altman Organizations: Service, GenAI, Sun Microsystems, BI Locations: Silicon Valley, execs, OpenAI, Canada

☆ Mark Cuban says he'll keep working 'until I drop'—'there's no retirement in my book'
▼ + stars: | 2024-09-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

When Mark Cuban was in his 20s, his goal was to retire at age 35. These days, the 66-year-old billionaire entrepreneur and investor says he has no imminent plans to stop working. Rather, Cuban says he plans to shift the majority of his working hours toward running his direct-to-consumer online pharmacy, Cost Plus Drugs. Cuban initially invested $250,000 into Cost Plus Drugs after its founder and CEO, Alex Oshmyansky, cold-pitched him on the idea in 2018. Over the following two years, Cuban invested more and more until he eventually owned the company.

Persons: Mark Cuban, I'm, He's, Rather, Alex Oshmyansky, he's, it's Organizations: CNBC, NBA's Dallas Mavericks, Cuban

Even though the Fed plans to continue cutting rates, mortgage rates might not fall much more this year. Mortgage rates trended down ahead of this decision, but now that the cut has happened and the rest of this year's cuts are priced in, it will take a change in the economic outlook to push mortgage rates down further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Federal Reserve, Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: U.S, Chevron

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.80%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.

Persons: they've, Lawrence Yun, Freddie Mac, it's, Fannie Mae Organizations: Federal, National Association of Realtors, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ 4 steps workers should take when their companies announce 5-day RTO, according to an employment lawyer
▼ + stars: | 2024-09-27 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.

Persons: Craig Levey, Levey, —, doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle

☆ I'm a multimillionaire, but I'm not leaving my kids any cash inheritance. I think it would be a mistake to make them wealthy.
▼ + stars: | 2024-09-27 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Instead, he plans to pay for college, a car, a down payment, and make business loans. Here's what I'm doing instead, and how I talk with them about money and wealth. Courtesy of George ApplingI believe it's bad to make your kids wealthyI don't want to leave my children money because I believe it's bad to make your children wealthy. If the kids need $20 to go to the trampoline park with friends, I'll usually pay. I let the kids make mistakes with moneyAll my kids work during the summer, and saved about $1,000 each last year.

Persons: George Appling, —, Brian, I'm, it's, Rockefeller, they'd Organizations: Service, Harvard Business School, Nissan Pathfinder, Starbucks Locations: Sherwood

☆ Survey: 73% of Amazon workers are considering quitting after 5-day in-office mandate
▼ + stars: | 2024-09-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Amazon workers have until January before they'll be expected in corporate offices five days a week, but some aren't expecting to stick around that long. In a recent survey of 2,585 Amazon employees on anonymous job review site Blind, 73% said they are considering looking for a new job following CEO Andy Jassy's recent memo announcing a full-time return-to-office. Further, 80% of the Amazon professionals polled reported that they know of a colleague considering looking for another job because of the announcement. Another survey from Glassdoor finds that 74% of Amazon workers are "rethinking" the future of their careers, whether at the tech giant or elsewhere. Amazon workers are "strongly dissatisfied" with the policy change, according to an anonymous survey created by employees, reported by Fortune.

Persons: they'll, Andy Jassy's, Jassy, we've Organizations: Slack, Amazon, CNBC

Unless the economic outlook changes, mortgage rates may hold steady for the rest of 2024. If they were to weaken unexpectedly, that could spur the Fed to cut rates more aggressively, which in turn could push mortgage rates down further. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, They've, they've, Freddie Mac, it's, Fannie Mae Organizations: Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ 36-year-old mom making $10,000 a month or more in passive income: My best advice for starting a successful side hustle
▼ + stars: | 2024-09-26 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +5 min

When I first heard about the concept of passive income in my 20s, I laughed at the idea. DON'T MISS: How to master your money and grow your wealth As a 36-year-old mom of two, I now make $10,000 in passive income or more every month from four passive income streams. No matter what kind of side hustle or passive income venture you are starting, thorough research can help you avoid costly mistakes. Schedule dedicated time each week to focus on and stick to your passive income goals. Studying successful passive income earners has taught me that success doesn't come from quick wins but rather slow and steady progress toward a specific goal over time.

Persons: they'll, doesn't, I've, hustles, Jimenez, Rachel Jimenez Organizations: Google, Gold City Ventures

☆ Stop asking my kids what their plans are for college. It's the question they hate the most.
▼ + stars: | 2024-09-26 | by ( Laura Falin | ) www.businessinsider.com time to read: +4 min

My fallback question was always the same with teens I didn't know well: "So…what are you going to do after high school?" AdvertisementEvery teen is differentAs an eldest daughter, I knew what I'd do after high school well before I graduated. Related storiesSo when my kids got to high school, I had to chill out. I had one kid who knew he was headed to college, even if he didn't know where until right before high school graduation. AdvertisementSomeday, I'll look back and know the answer to what my teens will do in the years after high school.

Persons: I've, I, hadn't, She's, I'm, she's Organizations: Service

☆ Weight-loss drugs are life-changing — and expensive. Here's one woman's solution.
▼ + stars: | 2024-09-26 | by ( ) www.businessinsider.com time to read: +7 min

A woman who had life-changing results on a popular weight loss drug struggled to afford it for years. AdvertisementTara Rothenhoefer, a 49-year-old Florida resident, says her life changed when she joined a clinical trial for a promising new weight-loss medication. While regulated, these compounded drugs aren't FDA-approved, raising concerns from doctors about variations in quality. The grey market of weight-loss drugs is vast and complicated. In August, Eli Lilly halved the price of its weight-loss drug Zepbound through single-dose vials — a bid to lure customers back to brand-name drugs, analysts said.

Persons: —, Tara Rothenhoefer, Rothenhoefer, Eli Lilly, She's Organizations: Service, Novo Nordisk's, Research, FDA, Pharmaceutical Locations: Florida

OpenAI is said to be closing a funding round that could value the company at as much as $150 billion. "Kushner is betting the ranch on OpenAI and Sam Altman just as Masa Son pledged 40% of his Vision Fund on Yahoo and Jerry Yang. "Second, Sam Altman has proven himself to be one of the greatest tech founders of this generation. Sam Altman has said that AI superintelligence could be a reality within "a few thousand days ." "Everybody wants Sam Altman at the helm, and they're willing to do anything to keep him as the CEO.

Persons: OpenAI, —, Sam Altman, ChatGPT, Mira Murati, Bob McGrew, Barret Zoph, Murati's, John Schulman's, Joe Aaron, Aaron, Capital's Josh Kushner, Kushner, Masa Son, Jerry Yang, Jerry Yang wasn't, Jai Das, Goldman Sachs, who's, Altman, they've, Ben Narasin, They're Organizations: Service, Research, Post, Reuters, Nvidia, Apple, Fund, Yahoo, Sapphire Ventures, Venture Locations: Silicon, UAE, OpenAI

☆ Ellen DeGeneres admits she was an 'immature boss' after talk-show controversy led to her fall from grace
▼ + stars: | 2024-09-25 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Read previewEllen DeGeneres took the stage for what she says is her final comedy special in "Ellen DeGeneres: For Your Approval," an hour-long Netflix special that dives into the comedian's fall from grace. First, beauty YouTuber Nikkie de Jager spoke about her negative appearance as a guest on "The Ellen DeGeneres Show." In July of that year, a BuzzFeed News report was published containing allegations from former employees of a toxic work culture on DeGeneres' talk show. Ultimately, DeGeneres said, her "be kind" mantra on "The Ellen DeGeneres Show" put her in a box. "Ellen DeGeneres: For Your Approval" is now streaming on Netflix.

Persons: —, Ellen DeGeneres, DeGeneres, Nikkie de Jager, Dory, Wilson Webb, Netflix DeGeneres, Ellen, I've Organizations: Service, Netflix, Business Locations: America

Learn moreThe Indiana Fever will make a last attempt to stay in the WNBA Playoffs in tonight's game against the Connecticut Sun. Below, we've put together everything you need to know about tuning in, including how to watch the Indiana Fever vs. Connecticut Sun, when the game tips off, and ways to tune in from anywhere. Whether you're rooting for the Connecticut Sun or the Indiana Fever, we'll make sure you can tune in. How to watch Indiana Fever vs. Connecticut Sun in the USThe Indiana Fever vs. Connecticut Sun game will air on Wednesday on ESPN in the US. Check price at ExpressVPNHow to watch Indiana Fever vs. Connecticut Sun with a VPNSign up for a VPN if you don't already have one.

Persons: we've, Tyasha Harris, Mabrey, Caitlin Clark, Kelsey Mitchell, they'll, you'll, ExpressVPN Organizations: Business, Indiana Fever, WNBA, Connecticut Sun, Connecticut, Indiana, ESPN, Sling, DirecTV, ESPN2, ESPN3, DirecTV Stream Locations: Connecticut, Indiana

☆ 49% of workers think they can meet their retirement goals — 35% say they will need over $1 million to retire comfortably
▼ + stars: | 2024-09-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Overall, 35% of Americans believe they will need more than $1 million to retire and live comfortably, according to a new report by Bankrate.com. Older generations closer to retirement age are more likely to regret not saving for retirement early enough, the CNBC survey found. More than any other money misstep, not saving for retirement early enough is the biggest financial regret for 22% of Americans, according to another recent report by Bankrate. The retirement savings gapOther reports show that a retirement savings shortfall is weighing heavily on Americans, especially as they approach retirement age. "They are focused on their health and financial well-being, but many are at risk of not achieving a financially secure retirement."

Persons: Bankrate, Gen Xers, Zers, Jacqueline Reeves, you'll, Reeves, they're, Catherine Collinson Organizations: Fidelity Investments, Bankrate.com, CNBC, Bryn Mawr Capital Management, Pew, American, Transamerica Center, Retirement Studies, Transamerica Institute Locations: U.S, Bryn Mawr

Though mortgage rates are expected to continue trending down, it's unclear how much further they might drop. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering around 5.80% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are right around 5%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: you'll, they've, Freddie Mac, it's, They'll Organizations: Federal Reserve, Zillow, Fed Locations: U.S, Chevron

Half of registered voters plan to vote early this fall, new figures from the September NBC News poll show, with Democrats continuing to run up the score among early voters and Republicans getting stronger backing from those who plan to vote in person on Election Day. It's a smaller lead among a slightly smaller share of the electorate than Harris has over those early voters. The massive political difference of early and Election Day voters is the latest evidence of a dramatic and enduring shift in the Trump years. And with that jump came a massive partisan difference — future President Joe Biden led among early voters by 26 points in the survey, while Trump led with Election Day voters by 29 points. But while the share of voters planning to vote early has dropped between the end of 2020 and now, the major partisan split remains.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Bill McInturff, Republican pollster, Jeff Horwitt, Barack Obama, Hillary Clinton, Joe Biden Organizations: NBC, Republicans, Republican, Hart Research Associates, Trump, Wall, Election

☆ Biden's UN speech will highlight his diplomatic successes, amid wars in the Middle East, Ukraine, Sudan
▼ + stars: | 2024-09-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. But given the geopolitical backdrop for Biden's speech, there will be little time for victory laps. Since Biden's last UNGA address in September 2023, ongoing wars in Ukraine and Sudan have persisted, while long-simmering tensions in the Middle East have erupted into deadly conflicts. Still, the Biden administration regularly emphasizes its commitment to a ceasefire and hostage deal. "This is one of the advantages of the UN General Assembly: You literally have the whole world here," said the administration official, who was granted anonymity to preview the president's agenda.

Persons: Joe Biden, it's, Biden, they'll Organizations: General Assembly, United Nations General Assembly, UN, Assembly, Republicans Locations: New York City, U.S, East, Ukraine, Sudan, New York, China, Gaza, Russia, Nations

☆ Never ask these 3 questions on a first date, dating coaches say—including one you should 'avoid outright'
▼ + stars: | 2024-09-24 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +3 min

"The only category of questions I'd advise singles to avoid outright on early dates is around dating history," she says. "Be playful, and ask questions that will make your date smile," Anderson says. "Planning for the second date is a form of courtship, a form of testing that mutual interest," she says. Grace Lee Dating CoachPlus, she says, putting someone on the spot rarely encourages an honest answer. If you want to make it clear that you would like a second date, bring the conversation back to a restaurant or experience you both discussed.

Persons: Blaine Anderson, Blaine, Anderson, I'd, Grace Lee, Lee Locations: Austin , Texas, New York City

☆ Is Ozempic to blame for the slowdown in salty snack sales? Here’s the verdict
▼ + stars: | 2024-09-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Sluggish salty snack sales have prompted questions about whether Ozempic and obesity treatments like Wegovy and Zepbound ae to blame. GLP-1 drugs have been cheered as an effective method to help patients with diabetes and obesity to manage their blood sugar levels, hunger and weight. Lieberman found that the temporary price reduction at Wal-Mart stores drove an increase in both the product's volume and sales, leading to the conclusion that snack sales were hurt by price pressures for consumers. "All said, the data suggests to us that the primary challenge facing the salty snack category is affordability and arguably not GLP-1s and evolving health & wellness trends as some people might opine," she wrote in the report. "The salty snack category raises prices faster than the rest of the grocery store, so we probably have more work to do to right-size the prices," he told CNBC in an interview.

Persons: Morgan Stanley, Campbell, Lauren Lieberman, Pepsi's, Lieberman, Cowen, Robert Moskow, Moskow, It's, TD Cowen, Nordisk's Wegovy, Eli Lilly's Zepbound, Dara Mohsenian, Mohsenian, There's Organizations: Pepsi, UTZ Brands, Barclays, Mart, CNBC, Nielsen Locations: confections, Nordisk's

Learn moreRound 1 of the 2024 WNBA Playoffs is underway, and the Seattle Storm will fight to stay in the tournament tonight. We'll show you how to watch the Seattle Storm vs. Las Vegas Aces from anywhere. The Storm and Aces faced off on Sunday night in a tight game that saw the Las Vegas team win 78-67. How to watch Seattle Storm vs. Las Vegas Aces in the USThe Seattle Storm vs. Las Vegas Aces game will air at 9:30 p.m. Check price at FuboHow to watch Seattle Storm vs. Las Vegas Aces from anywhereYou don't need to worry about missing out on the game tonight if you're traveling outside of the US.

Persons: A'ja Wilson, Gabby Williams, they've, there's, ExpressVPN Organizations: Business, Seattle Storm, Las Vegas Aces, Storm, Aces, Las Vegas, Seattle, Vegas, French, WNBA, Atlanta, New York Liberty, ESPN, US, ESPN2, Orange Locations: Seattle, York

☆ A millennial has been looking for a tech job for over a year after being laid off. He says AI and being Black have worked against him.
▼ + stars: | 2024-09-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The ratio of job openings to unemployed people — an indicator of job availability — has declined considerably over the past two years. As a Black man, Jared said he thinks it's likely he's also faced some discrimination on his job hunt. AdvertisementJared said he also suspects that being a Black man has sometimes worked against him during job interviews. AdvertisementInterviewing can be a difficult skill to masterA competitive job market and discrimination during the hiring process aren't the only reasons Jared thinks he's struggled to land a job. While Jared feels he has a pretty good handle on the job market challenges he's facing, he said that sometimes, certain developments can perplex him.

Persons: —, Jared, he's, who's, What's, it's, George Floyd, haven't, wasn't, he'd, hadn't, I'm Organizations: Service, Business, LinkedIn Locations: New York, California

☆ The truth about promotions
▼ + stars: | 2024-09-24 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

That was obviously a bad idea, and since then, we've spent a century and a half honing the art and science of promotions. To study promotions, the researchers conducted a series of clever experiments. But in other groups, managers were selected based on their own preferences. What did much better at predicting good managers was intelligence, as measured by a common IQ test. "Don't think, well, they like to talk, and therefore they're going to be a good manager."

Persons: we've, we're, David Deming, It's, Dunning, Kruger, Mark Zuckerberg, Elon Musk, Deming, they'll, Aki Ito Organizations: National Bureau of Economic Research, Employees, Harvard Kennedy School, Harvard, Tech, Business Locations: America

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