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☆ Opinion | Dan Osborn Is Building a Model for Taking on Republicans in Red States
▼ + stars: | 2024-10-25 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

The first person I met at a Monday night meet-and-greet for Dan Osborn, the independent Nebraska Senate candidate, was a Donald Trump-voting Republican named Joe Hallett. He’d worked, alongside his wife, Sherri, with Osborn at Omaha’s Kellogg plant. Explaining Osborn’s appeal, Joe said, “He’s not a millionaire or anything like that.” Sherri added: “He works hard. We did the same thing.”Neither was a fan of Osborn’s opponent, the Republican senator Deb Fischer. It drew a few dozen people — more Democrats and independents than Republicans — and Osborn stayed to talk and shake hands until the place closed.

Persons: Dan Osborn, Donald Trump, Joe Hallett, He’d, Sherri, Osborn, Joe, “ He’s, ” Sherri, Deb Fischer, “, ”, ” Osborn, Republicans —, Fischer, he’d Organizations: Nebraska Senate, Republican, Republicans Locations: Nebraska, Omaha’s Kellogg, Ashland, Omaha, Washington

A high-yield savings account provides more rewards than a typical savings account, with no risk. I missed out on $1,200 in the five years before I opened a high-yield savings account. That's the feeling I get every time I check the balance of my high-yield savings account. Compare Today's RatesWhy I chose a high-yield savings accountI've had a savings account since college, but I didn't always have a high-yield account. How I chose my high-yield savings accountNowadays, there are lots of high-yield savings accounts on the market, many with no minimum requirements and no fees.

Persons: you'd, I've, I'd, Ally Organizations: Ally Bank, Federal Reserve Locations: it's, Ireland

☆ 2 things millennials tend to spend way too much money on, according to financial planners
▼ + stars: | 2024-09-13 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

Financial planners say millennials have a few not-so-great spending habits. According to financial planners, there are two things millennials overspend on way too often. AdvertisementFinancial planners say it's OK to spend your money on these things, but it becomes a problem when it doesn't fit into your budget or you're not meeting your financial goals. "I think most people, not just millennials, don't really have a budget and don't know how much they spend. This will help you figure out your discretionary spending budget once you've covered your priorities.

Persons: —, they've, Clari Nolet, Hewins, millennials, Nolet, doesn't, Asad Gourani, you've, lattes, Gourani Organizations: Service, AG Wealth Management

☆ A man who retired at 36 built 3 passive-income streams to ditch his full-time job decades early
▼ + stars: | 2024-09-13 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

He took his earnings and invested them in ways that would continue to generate passive income. His main source of passive income is real-estate investmentsIn 2020, Quan earned $59,000 from investing in real estate, making up 78% of his passive income. "My general approach to ETFs is that I want a mix of growth and dividend ETFs so that I have a balanced approach within the portfolio. It's really about being balanced, because the markets grow in different ways," Quan said. In 2020, his online passive income streams generated about $10,000.

Persons: —, Michael Quan, Quan Organizations: Service, Business Locations: Nevada, Airbnb, Venice , California, San Antonio

☆ A 30 year old with a $1 million net worth explains the 4 steps that got her there
▼ + stars: | 2024-09-12 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +8 min

She also traveled the world for two years and learned to make money without a day job. AdvertisementShortly after returning from Europe, Tseung began investing and using her skills to build multiple sources of passive income. She now teaches others how to manage their finances, invest, and build passive income through on her blog and her accounts on YouTube, TikTok, and Instagram. This book taught her to make money work for her instead of working for money. For me, it's to continue being impactful and building my brand, teaching people how to build passive income and become financially free.

Persons: Sharon Tseung didn't, —, Sharon Tseung, Tseung, doesn't, Timothy Ferriss, Rich Dad, Robert T, it's Organizations: Service, University of California, Business, YouTube Locations: Berkeley, Europe

☆ 3 lessons a landlord learned from his parents that helped him buy 5 properties by age 27
▼ + stars: | 2024-09-11 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

John O'Reilly learned many important lessons from watching his parents work hard. These lessons stuck with him and helped him save enough to buy five rental properties. AdvertisementBelow are three big lessons he learned from his parents that helped him save enough to get started as a landlord. He learned about delayed gratificationOne of the most important things O'Reilly learned from his family was the idea of delayed gratification. "Eventually, I stopped asking them to buy me things and rather asked for tasks to earn money."

Persons: John O'Reilly, —, he's, O'Reilly, didn't, Businss, doesn't Organizations: Service Locations: Syracuse , New York

Financial planner Nadine Burns says with the right strategy, you can reach your retirement goals. Below, Burns shares the strategy she uses to help her clients achieve their retirement goals. Understand your net worthBurns says understanding your net worth — and tracking it throughout your working years — is the first step to retiring comfortably. Your net worth should rise throughout your working years and allow you to retire with more assets than debts. To find your net worth, add up all of your assets then subtract your debts.

Persons: Nadine Burns, It's, —, Burns, you've, doesn't Organizations: Service, Social Security, Invest, IRA

But even when her income rose, she still felt broke until she changed the way she managed money. At that time, she was working as a hairstylist in Minneapolis, making little more than minimum wage and struggling to pay her bills. One of the first things that a lot of business owners don't realize is how important it can be to have a set salary. Their overall goal was to have enough of an emergency fund that could cover both their living expenses and their business expenses for a year. But once all the amounts owed became clear, they were able to set goals to pay off each debt.

Persons: Rachel Pedersen, —, Pedersen, " Pedersen, Poul Pedersen, doesn't, there's Organizations: Service Locations: Dakota, Minneapolis

Leo and Faith Jean-Louis were paying about $2,200 in minimum monthly payments towards their debt. In order to maintain their debt payments, the couple had a minimum monthly payment of $2,200 between the two of them. At that rate, it would take them 15 years and cost them $125,000 in additional interest to pay off their debt. After returning from their honeymoon in Greece, they decided to tackle their debt and pay it off as soon as possible. Leo and Faith didn't want their kids to start their lives off financially behind or in debt like they did.

Persons: Leo, Faith Jean, Louis, —, Leo Jean, Roth, Faith didn't, Faith, hadn't, doesn't, Faith babysat, couldn't Organizations: Service, Ramsey Locations: Greece

Your mortgage interest rate is based in part on how risky lenders consider you to be as a borrower. Use these strategies for lowering mortgage interest rates. Improving your credit scoreRaising your credit score is one way to get a lower interest rate on your mortgage. The role of credit in mortgage ratesThe impact of credit scores on mortgage rates is significant. Locking in your rateA rate lock lets you cement your interest rate while you finalize your home purchase.

Persons: They'll, they'd, Freddie Mac, —, you'll Organizations: ICE Mortgage Technology, PenFed Credit Union, New, Mortgage, Survey Locations: Portland , Oregon, California

☆ My dad was always an extreme penny-pincher, but his lessons helped me buy 2 homes on a teacher's salary
▼ + stars: | 2024-04-01 | by ( Elana Rabinowitz | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

My dad had many creative ways to save money, including zig-zagging all over NYC to avoid road tolls. Growing up, I learned the value of money from him, and I've applied his lessons over and over. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Following in my father's careful footsteps has allowed me to afford two homes and a new car, all on a teacher's salary. I love to travel, and, as a teacher, I'm able to take advantage of summers off.

Persons: I've, —, San Remo, I'd, I'm, doesn't Organizations: Service, New Locations: New York City, San, South America, South Africa, New York, Brooklyn

Nicola Sturgeon told the United Kingdom's public inquiry into the pandemic that she didn't use informal messaging such as WhatsApp to make decisions. Although Scotland is part of the U.K., its government has powers over matters relating to public health. Sturgeon's standing has been further dented by the recent revelation that her WhatsApp messages had been deleted, which has led to questions about her trustworthiness or whether she has anything to hide. Last week, Sturgeon's successor as first minister, Humza Yousaf, offered an “unreserved” apology for the Scottish government’s “frankly poor” handling of requests for WhatsApp messages. Johnson agreed in late 2021 to hold a public inquiry after heavy pressure from bereaved families, who have hit out at the evidence emerging about his actions.

Persons: —, policymaking, Nicola Sturgeon, ”, Sturgeon, Boris Johnson, hadn't, hasn't, WhatsApp, “, Humza Yousaf, Heather Hallett, Johnson Organizations: United, Scotland, Scottish National Party, Scottish Locations: Scotland, Edinburgh, England, Wales, Northern Ireland

My father-in-law retired comfortably at 63 by following a few simple money rules. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For me and my family, getting on a budget has been key to paying off debt, saving, and investing more for our future. Since I paid myself first, I already made progress on all my saving and investing goals. Paying yourself first is a great habit that can teach you to mentally prioritize saving, investing, and your personal financial goals.

Persons: —, we've, I've, what's Organizations: Service, Robinhood

I never thought FIRE was for someone like me, from a low-income background and with a history of debt. I'm saving 30% of my income, diversifying my investments, and tracking my future net worth to work towards financial independence. I'm almost 29 years old and plan to reach the FI part of FIRE by the time I'm 45. What we're doing to reach financial independenceI used the "multiply by 25" rule to estimate how much we'll need in retirement. My goal is to reach a 50% savings rate or higher, but I'm not willing to cut my lifestyle any more than we already have.

Persons: —, I've, it's, I'm, you'll Organizations: Service, FIRE, Vanguard

I didn't learn about investing growing up so I was thrilled to read "The Simple Path to Wealth." Thanks to the book, I'm now on the path towards FIRE — financial independence/retire early. I'm thankful that, in 2017, I was able to read a book called "The Simple Path to Wealth." Here's what "The Simple Path to Wealth" taught me about managing money and building wealth. For me, "The Simple Path to Wealth" has demystified the purpose and process of building wealth in America.

Persons: Collins, I'm, —, JL Collins, I've Organizations: Service, Pew Research, FIRE, Vanguard, Market Index Locations: America

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

Watching your investments slide into the red can be a stressful experience for anyone, especially for the money you're setting aside for long-term goals like retirement. As a financial planner, I encourage a proactive approach to recession-proofing your retirement, including switching the bulk of your portfolio to safer investments with consistent rates of return. Instead, their interest rates are tied to the overall stock market, like the S&P 500. These annuities often pay more interest over time, as the stock market historically rises over time. They'll be much less likely to lose value if the stock market keeps dropping.

Persons: You'll, —, you'll, wouldn't, Get, that's Organizations: Service, SEC

I started investing for the first time at age 32 without a ton of knowledge or a specific plan. That's why I decided to sit down with financial planner Kelly Klingaman to find out just how messy my investment portfolio really is and what I can do about it. Investing 15-20% of my portfolio in cryptocurrencyIt wasn't until I sat down to audit my financial portfolio that I realized how big a share of my investments are in cryptocurrencies. I shared with Klingaman that I have a habit of investing too little money in too many individual stocks. Doing so will hold me accountable every month with a minimum amount of money I want to add to my investment portfolio.

Persons: —, I've, Kelly Klingaman, Klingaman, Get, it's Organizations: Service, SEC

I've tried to use budgeting apps, but I found they didn't categorize my expenses correctly. There's no shortage of budgeting apps and tools out there, with plenty of bells and whistles to help you make the most of your money. The best budgeting apps can help you get your finances in order and track your monthly spending. While there's no right way to create a budget, there is one right way to use it — consistently and accurately. While I'm happy with my old-school way of budgeting, it doesn't mean it's the right move for you.

Persons: I've, —, it's, I'm Organizations: Service, Quicken

Financial planners say that dividends from the stock market are often overlooked for passive income. Buying an established small business can generate passive income quickly. If you want to start generating passive income, it might be easier than you think. Here are three ways financial advisors suggest getting into passive income. "Dividend income is definitely one major source of passive income that a lot of my clients have," she told Personal Finance Insider.

Persons: —, Akeiva Ellis, It's, Brent Weiss, Weiss, he's, I've, Get Organizations: Financial, Service, Finance, SEC

Instead of substantially increasing my spending, I poured money into investments, added to my savings, and invested in professional development. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I've appreciated earning raises as I've grown professionally, and I typically don't change much about my life in response. As my income has continued to rise, I've never substantially increased my spending — even though I could. Here are three ways I've used my additional funds to build wealth.

Persons: —, I've, I'd, Read, — oof Organizations: Service, Invest

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). As a financial planner, I've witnessed plenty of big investment mistakes. In my opinion as a financial planner, you need to invest if you want to grow wealth. Avoiding investments altogetherThere's no shortage of investment mistakes you can make. Have a strategic way to determine how much cash you truly need on hand — then consider investing the rest.

Persons: I've, —, Get, they'll, Warren Buffett Organizations: Service, SEC, Invest

☆ Mining Industry Seeks to Define One Global Standard for Ethical Practices
▼ + stars: | 2023-11-23 | by ( Yusuf Khan | ) www.wsj.com time to read: +6 min

Customers and investors are increasingly considering mining companies’ ESG performance. Photo: douglas magno/Agence France-Presse/Getty ImagesMining giant Anglo American is one of the companies that have been involved in developing the new mining standard. Anglo American itself commits to at least nine different mining standards and is part of 17 industry associations, which all have their own requirements. The LME has been consulted on the development of the new mining standard. For now, work continues on the new mining standard, with the four associations still discussing what it should look like and how it would be governed.

Persons: Cynthia Matonhodze, ”, “, Tracey Kerr, douglas magno, Rebecca Campbell, ” Campbell, Campbell, Paul Hackett, Georgina Hallett, Yusuf Khan Organizations: Bloomberg, International Council, Mining, Metals, Gold Council, Mining Association of Canada, Miners, Business, Global Investor Commission, ING, Jubilee Metals Group, Hochschild, ” Mining, Agence France, Getty, White, London Metal Exchange, REUTERS Locations: Umguza, Zimbabwe, Dutch, Brazil, London, Brumadinho, American, ”

I asked financial planners where I could invest my money other than the stock market. Early last year, when I finally decided to invest some of the cash sitting idle in my high-yield savings account, I turned to the stock market. I've come a long way since then, optimizing my stock market strategy to include studying earnings reports and being more strategic with my picks. Real estateA good amount of my friends have turned to real estate investing over the past few years. "You can invest in real estate through REITs — Real Estate Investment Trusts — which pool together investor money to purchase, and sometimes operate, different forms of property.

Persons: —, Jason Dall'Acqua, Carolyn Yun, Privately, Yun, Get, Marguerita Cheng, Cheng Organizations: Service, Investment, SEC, Venture Locations: REITs —

Washington CNN —Israeli Prime Minister Benjamin Netanyahu grabbed Brett McGurk’s arm as he walked out of a tense meeting of the Israeli Cabinet over securing the release of hostages Hamas was holding in Gaza. Hamas – after refusing for days – had relented in offering identifying information about several dozen hostages, such as their age, gender and nationalities. It laid out how women and children would leave in the first phase, as well as incentives for Hamas to release more hostages beyond that. On October 24, Hamas appeared to agree to the parameters of a deal to release women and children hostages. Hamas would only guarantee 50 and refused to produce identifying information about the hostages.

Persons: Benjamin Netanyahu, Brett McGurk’s, ” Netanyahu, Netanyahu, Joe Biden, Hamas –, –, – couldn’t, Biden –, Xi Jinping –, Biden, McGurk, Bill Burns, Natalie, Judith Raanan, Jake Sullivan, Jon, Stephanie Hallett, Natalie Raanan’s, Burns, Mohammed bin Abdulrahman Al Thani, Ismail Haniyeh, Israel wasn’t, Israel, Blinken, David Barnea, ”, Matt Miller, John Kirby, Kirby, CNN’s Alex Marquardt Organizations: Washington CNN, Israeli, White, Hamas, Israel Defense Forces, Al, CIA, Qatari, White House, State Department, CNN, State, National Security, US State Department Locations: Gaza, Tel Aviv, Israel, San Francisco, Qatar, Doha, Cairo, Hamas

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