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Search resuls for: "Lynette Khalfani"


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As a financial journalist, I've heard tons of financial advice from dozens of financial experts. The best pieces of advice are about your money mindset, automating your savings, and paying yourself first. I have heard tons of financial advice, but I've found that the best advice, and the insight that really resonates across the board, pertains to everyday money management. Money scripts are beliefs that we have around money and they influence how we handle money. "The way that we handle money is a direct result of our money scripts and how we view money," Tisdale told me.
Persons: I've, Stacy Tisdale, Tisdale, Lynette Khalfani, Cox, aren't Organizations: Service Locations: Wall, Silicon
Over a lifetime, pay disparity will cost Black women over $900,000 which could be used for retirement. Black women need to save aggressively, take advantage of 401(k) and IRA options early, and advocate to get paid what they're owed. Black women working full-time, year-round are paid 67 cents for every dollar paid to white men. This wage gap will typically cost Black women working full-time, year-round, over $900,000 over a lifetime of work. That $900,000, which could be a fully-funded retirement, will be out of reach for many Black women.
Persons: they're, Black women's, Lynette Khalfani, Cox, it's Organizations: Service Locations: Wall, Silicon, New York
Women face unique challenges, but there are steps to take today to build wealth for the long term. The gender pay and retirement gap, rising costs of child and elder care and the pink tax, to name a few. Start saving aggressively to cover basic living expenses during that period. You do not want to spend down retirement savings or max out credit cards to get by. This will become such a habit, you will forget that you are saving money because it's transferred into savings before you even see it.
New York CNN —The banking meltdown over the past week has left us with more questions than answers. Here are five questions that experts answered Wednesday night. Former Treasury Secretary Larry Summers told CNN that despite scary headlines, now is not the time for consumers to panic. Some context: Those regulations passed in the wake of the Great Recession laid out stricter rules for the banking industry. Of course, others note that the risk of letting the 16th-largest US bank collapse, and potentially letting its tech industry customers also fail, could have far-reaching and potentially devastating consequences.
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