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☆ Trump’s turn to bask in Musk’s reflected glory
▼ + stars: | 2024-11-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.

Persons: Donald Trump, Elon Musk, Robert F, Kennedy Jr, —, “, ”, Trump, Rushmore, Donald Jr, Texas Sen, Ted Cruz, Ronny Jackson, Musk, it’s, ” Trump, Greg Autry, Vivek Ramaswamy, Chandan Khanna, It’s, Kena Betancur, Joe Rogan, Theo Von, Musk’s launchpad, who’s, Anna Moneymaker, Kim Jong Un, MAGA, Elton John, DOGE, Andrew Harnik, Tim Pawlenty, CNN’s Erin Burnett, “ Trump, Volodymyr Zelensky, Emmanuel Macron, Kim Organizations: CNN, Elon, SpaceX, Texas, White, Trump, University of Central, of Government, Fox News, Tesla, UFC, Madison, Getty, YouTube, Barstool Sports, Republican Party, House Republicans, Hyatt, Minnesota Gov Locations: Texas, Washington, New York, Great State of Texas, He’s, Trump, Gulf of Mexico, United States, University of Central Florida, AFP, Novi , Michigan, Korean, Washington ,, Mar, Minnesota, Russia, Paris

☆ You could 'escape from reality' and cruise around the world until 2028—if you have at least $40,000/year to spend
▼ + stars: | 2024-11-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

If you are one of the many Americans planning an escape next year, this unique adventure might be exactly what you're looking for. Residential cruise line Villa Vie Residences announced the Tour La Vie program which offers passengers the opportunity to live aboard its ship, the Villa Vie Odyssey, for up to four years. Villa Vie's CEO, Mikael Petterson tells CNBC Make It the new program was planned before Election Day. And while is is not a reaction to the outcome, the offering is is well-timed. "Onboard, we may have differing political views, but our community comes together through our passion for exploring the world in a very real way that goes far beyond politics," Petterson said.

Persons: Villa, Mikael Petterson, they're, Petterson Organizations: Vie Residences, CNBC, Arton

☆ I helped Tom Cruise and other celebrities divorce, but I've been happily married for 38 years. I've learned that dates — and postnups — can be key to marital bliss.
▼ + stars: | 2024-11-12 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In the 1980s, you still needed grounds for divorce, and hearing about the details of a marriage breakdown felt sexy and salacious. I've helped celebrities like Tom Cruise, Michael Douglas, and Wendy Williams get divorced and worked with billionaires whose divorces were in the headlines. My personal life seems like an oxymoron: I've been happily married to my husband, Piero, for 38 years. From building a life with Piero to helping clients divorce, I've seen marriage at its best and worst.

Persons: Marilyn Chinitz, She's, —, Blank, I've, Tom Cruise, Michael Douglas, Wendy Williams, Piero, you'll, fiancé, wouldn't, Postnups Organizations: Service Locations: London, Stockholm

☆ Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants
▼ + stars: | 2024-11-11 | by ( Grace Kay | Madison Hoff | ) www.businessinsider.com time to read: +12 min

Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants. Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. So far, stock grants have "proven to be better than cash in your pocket."

Persons: Elon Musk's, It's, Tesla, Donald Trump's, —, Zaheer Mohiuddin, ISOs, Greg Selker, Stanton Chase, Selker, Musk, we've, Harley Shaiken, Ford, Shaiken, Drew Baglino, Zachary Kirkhorn, Omead Afshar, Aaron Greenspan, it's Organizations: Business, CNBC, Securities and Exchange Commission, Nvidia, Ford, Meta, Amazon, Apple, Microsoft, BI, Companies, Google, US, Netflix, Big Tech, GM, Musk, Bloomberg Locations: Silicon Valley

☆ You can work at McDonald's and still become a millionaire, a financial psychologist says
▼ + stars: | 2024-11-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

Bernd Vogel | Stone | Getty ImagesBrad Klontz was drawn to financial psychology after the tech bubble burst in the early 2000s. GI: Does this suggest that people, no matter their socioeconomic circumstances, can lift themselves out of poverty if they adopt a rich mindset? A rich mindset puts an emphasis on owning their time versus owning a bunch of stuff. Bradley T. Klontz, Psy.D., CFP, is an expert in financial psychology, behavioral finance and financial planning. You can work at McDonald's your entire life and be a millionaire if you have that mindset.

Persons: Bernd Vogel, Stone, Brad Klontz, Klontz, Adrian Brambila —, Greg Iacurci, That's, I've, It's, I'm, They're, they're, Bradley T, Bradley Organizations: CNBC, Financial Wellness, IRA, BK Locations: McDonald's

☆ Republican Sen. Deb Fischer will win reelection in Nebraska’s Senate race, CNN projects
▼ + stars: | 2024-11-06 | by ( Arit John | ) edition.cnn.com time to read: +2 min

CNN —Republican Sen. Deb Fischer will win reelection in Nebraska, defeating an unexpectedly strong challenge from independent Dan Osborn, CNN projects. Fischer was first elected to the Senate in 2012, when she became the first female senator elected to a full term in Nebraska. Fischer, who will begin her third Senate term in January, said she changed her mind after realizing how important seniority is for members of Congress. Former President Donald Trump also sought to tie Osborn to the left in his endorsement of Fischer. The state also held a special Senate election to fill the other seat left vacant by Republican Ben Sasse’s resignation.

Persons: Republican Sen, Deb Fischer, Dan Osborn, Fischer, Osborn, ”, Kamala Harris, Joe Biden, Independent Vermont Sen, Bernie Sanders, Donald Trump, “ Dan, ’, ” Trump, Republican Ben Sasse’s Organizations: CNN, Republican, Senate, Congress, Navy, outspent Republicans, Democrats, Independent Vermont, Nebraska, Democratic Party, Nebraska Democrats Locations: Nebraska

☆ This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
▼ + stars: | 2024-11-02 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Dan Griffith of Huntington Bank expects ING trusts will surge in popularity with dealmaking on the rebound coinciding with a "silver tsunami." However, Wyoming and South Dakota are also options as they do not tax trust income or capital gains and protect trust assets from creditors. "This can apply even if they don't live in a state with a state income tax." Since beneficiaries do have to pay state income taxes — if applicable — when they receive distributions. ING trusts cannot be used to defer income taxes on salaries or income from tangible assets in the state.

Persons: —, Dan Griffith, dealmaking, You've, Griffith, Bank of America's Timothy Herbst, It's, it's, Bob Lord, They're, Steve Oshins, Herbst, Oshins Organizations: Service, Huntington Bank, ING, Bank of America's, Patriotic Millionaires Locations: Florida, Texas, Nevada, York, California, North Carolina, Delaware, , Wyoming, South Dakota, Oregon, Ohio

☆ Record numbers of wealthy Americans are making plans to leave the U.S. after the election
▼ + stars: | 2024-11-01 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

A growing number of wealthy Americans are making plans to leave the country in the run-up to Tuesday's election, with many fearing political and social unrest regardless of who wins, according to immigration attorneys. While talk of moving overseas after an election is common, wealth advisors said this time many of the wealthy are already taking action. Volek said that for the first time, wealthy Americans are far and away the company's largest client base, accounting for 20% of its business, or more than any other nationality. He said the number of Americans making plans to move abroad is up at least 30% over last year. A survey by Arton Capital, which advises the wealthy on immigration programs, found that 53% of American millionaires say they're more likely to leave the U.S. after the election, no matter who wins.

Persons: Robert Frank, We've, Dominic Volek, Volek, David Lesperance, Lesperance, it's Organizations: Henley & Partners, Associates, Arton

Democratic Rep. Colin Allred is giving the polarizing Republican Sen. Ted Cruz a run for his money, presenting him as a do-nothing extremist. There’s added intrigue as Cruz underperformed in his last Senate race in 2018, fending off former Democratic Rep. Beto O’Rourke by less than 3 points. Republican Larry Hogan won two races for governor of Maryland in 2014 and 2018, defying gravity in the deep-blue state. He’s favored in a red-leaning district previously held by centrist Democratic Rep. Ron Kind. Democratic Rep. Vicente Gonzalez is looking to hang on against Mayra Flores, a Mexican-born millennial who has promoted far-right rhetoric and is seeking to channel a resistance to transgender rights.

Persons: Kamala Harris, Donald Trump, —, Cruz, Colin Allred, Sen, Ted Cruz, Allred, There’s, Cruz underperformed, Beto O’Rourke, Dan Osborn —, Osborn, Deb Fischer, Fischer, Larry Hogan, he’s, Hogan, Joe Biden, Angela Alsobrooks, Prince George’s, Rick Scott, Trump, Debbie Mucarsel, Powell, Scott Perry, Janelle Stelson, Perry, Amy Walter, ”, Jen Kiggans, Missy Cotter Smasal, Derrick Van Orden, Biden, He’s, Ron Kind, Rebecca Cooke, Vicente Gonzalez, Mayra Flores, Gonzalez, MAGA, Katie Porter, Scott Baugh, Porter, Dave Min Organizations: Texas, Senate, Democratic, GOP, Democratic Rep, Nebraska, Populist, Republicans, Maryland, Republican, Maryland Senate, Trump, Former, Caucus, Social Security, . Texas ’, Orange County GOP, Democrat, House Democrats Locations: Texas, Maryland, Prince George’s County, . Florida, Florida, Scott, Stelson, Perry, ” Virginia’s, Virginia, East Coast, Wisconsin’s, Washington, . Texas, Mexican, Newport Beach, Orange County, California

☆ Meet the millionaires next door who grew their wealth without a superstar job or get-rich-quick tricks
▼ + stars: | 2024-10-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

"We aren't flashy with our wealth because money isn't our ultimate goal," one said. Gary said they had an "incredibly average" path to wealth, emphasizing prudent investments and modest living. Some stories of people striking it rich and retiring early include unrelatable circumstances, such as family wealth, entrepreneurship, or a superstar career at the top of the corporate ladder. Lawrence Delva-Gonzalez and his wife grew their net worth from $150,000 in debt in 2012 to $1.3 million in 2024. AdvertisementJustin Hall and his wife now live a nomadic lifestyle after retiring early.

Persons: —, Anthony Drew Gary, Gary, could've, Xiao Yu, Xiao Yu Yu, It's, Yu, they're, it's, Lawrence Delva, Gonzalez, Delva, Justin Hall Organizations: Service, Indiana, Aldi, Federal, Federal Reserve, Marine Corps, Justin Hall Hall, Air Force Locations: Indianapolis, China, Washington, DC, Port, Prince, Haiti, Tallahassee, Virginia

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

Democratic House and Senate candidates raised eye-popping sums from July through September, according to new reports filed with the Federal Election Commission. Democrats outraised Republicans in all 11 competitive Senate races and in all but one of the 26 “toss-up” House races. Three Senate Democratic candidates — Ohio Sen. Sherrod Brown, Maryland’s Angela Alsobrooks and Michigan Rep. Elissa Slotkin — raised more than four times as much as their Republican opponents during that period. Senate Democratic candidates spent a combined $244 million to Republicans’ $91.5 million. And House Democratic candidates in races rated as “toss-ups” or “leaning” toward one party spent $132 million to Republicans’ $61.6 million.

Persons: Kamala Harris, —, Amy Walter, — Ohio Sen, Sherrod Brown, Maryland’s Angela Alsobrooks, Elissa Slotkin —, Donald Trump, Harris, ” Slotkin, Democrats ’, David Bergstein, Michelle Chan, J.B . Pritzker, Ken Griffin, Paul Singer, Steve Schwartzman, Tim Mellon, Miriam Adelson, Michael Bloomberg Organizations: Democratic House, Federal, Commission, GOP, Democratic, House, Democrats outraised Republicans, — Ohio, Michigan, Republican, Republicans ’, Senate, ’, Republicans, National Republican Senatorial Committee, National Republican, NBC News, Democratic Senatorial, Democrats, Congress, PAC, Illinois Gov, Fund, Congressional, New, New York City, Sunday Locations: Michigan, New York

☆ The more money you have, the more money it takes to feel happier, new research says
▼ + stars: | 2024-10-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

New research suggests that as you move up the income ladder, it takes exponentially more money to get the same happiness bump. AdvertisementYes, money buys happiness — and there's no magic salary number that'll unlock personal bliss. You need more and more money to move up the happiness ladder — and as your hoard becomes bigger, so, too, does the amount you need to become happier. It's like getting exactly the same benefit you've always gotten and it just takes a little bit more money." AdvertisementHave you found yourself chasing more money to feel happier?

Persons: —, Matthew Killingsworth, Killingsworth Organizations: Service, Wharton People Analytics

☆ 3 money moves you can make today to feel wealthy, according to CFPs
▼ + stars: | 2024-10-11 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +3 min

Luckily, feeling wealthy is less about the money in your bank account and more about your attitude toward the money you already have. In short, your ability to feel wealthy depends on "what your experiences and perceptions on money are." This involves letting go of a well-known number like $1 million and embracing your personal financial journey, she says. Goals such as establishing an emergency fund or improving your credit score, when reached, can help you feel wealthy without having to build a huge net worth. In other words, you don't need $1 million in hand today to feel wealthy — just a plan to grow your money over time.

Persons: Paul Morrone, —, Rachel Elson, Elson, Morrone, There's Organizations: Northwestern Mutual Locations: North Haven , Connecticut, San Francisco , California

☆ I went to a longevity conference for the ultra-rich. Here's how they're planning to cheat death.
▼ + stars: | 2024-10-11 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

AdvertisementThe small Swiss town of Gstaad, nestled in the Bernese Alps, looks like a setting ripe for a Sound of Music-inspired fairytale. Longevity Investors Conference/David BiedertThis is where longevity seekers come each fall for an intimate conference connecting investors to entrepreneurs and scientists. AdvertisementYes, there is still some Swiss cheese, wine, and desserts on offer at the Longevity Investor's Conference for those who wish to indulge. Longevity Investors Conference/David BiedertInvestment is flowing into early-stage longevity companies that are bringing tests and products to market. Longevity Investors Conference/David BiedertEquipped with Starlink satellite internet, the boat is designed for "floating coworking."

Persons: —, David Biedert, Moritz, Marc Bernegger, Longevity.Technology, who've, Bryan Johnson, Nir Barzilai, Alex Colville, Emil Kendziorra, Tobias Reichmuth, rapamycin, berberine, nature's, Reichmuth, David Furman, who'd, Julie Andrews, Madonna, Valentino Organizations: Business, Service, Longevity, Conference, Academy for Health, David, Bold, Michelin Locations: Switzerland, Gstaad, Bernese, St, Singapore, Tel Aviv, Age1, San Francisco, Antarctica, Sardinia, Italy, Okinawa, Japan, Zurich

☆ Wealthy millennials and Gen Z are redefining philanthropy
▼ + stars: | 2024-10-10 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists than donors, according to a new study. Older donors give from of a sense of responsibility. Those over the age of 44 were more than twice as likely to give due to "obligation" than younger donors. Those under 43 were more likely to cite self-education and the influence of their social circle as drivers of their philanthropy. The younger wealthy are still building their fortunes and inheriting their wealth, so they're more likely to give their time and help fundraise.

Persons: Robert Frank, millennials, Zers, Gen Xers, Dianne Chipps Bailey, fundraise, Bailey, They're Organizations: Bank of America Private Bank

☆ Mega Millions lottery is more than doubling the price of a ticket to $5
▼ + stars: | 2024-10-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The cost of a Mega Millions ticket is more than doubling, but the multi-state lottery game is promising that the bigger price comes with better odds. It’s the second time the price of a ticket has increased in Mega Millions’ 22-year history: In 2017, the price jumped from $1 to $2 — the same cost of a Powerball ticket. That’s also when Mega Millions adopted its current format of choosing six total numbers from two different pools – and when all the numbers match, including the gold Mega Ball, the player wins the jackpot. Mega Millions said that the increased ticket price will cause larger-starting jackpots, as well as faster-growing jackpots. Mega Millions is available to play in 45 states plus Washington, DC, and the US Virgin Islands.

Persons: It’s, That’s, ”, Joshua Johnston Organizations: New, New York CNN, Mega, Mega Millions Consortium, Virgin Islands Locations: New York, Florida, Washington, Virgin

☆ Elon Musk's mother, Maye, appears to encourage voter fraud in X post
▼ + stars: | 2024-10-07 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +5 min

Elon Musk’s mother, Maye Musk, appeared to encourage a form of voter fraud in a post on X. It appeared to echo conspiracy theories about large-scale voter fraud that have been shared by Elon Musk. The code, however, doesn’t appear to forbid Maye Musk’s statements of encouragement, Persily said. Maye Musk’s post was made the day her son spoke at a rally for former President Donald Trump in Butler, Pennsylvania — where Trump was injured in an assassination attempt in July. Proponents of the laws say they prevent voter fraud, which studies have found to be extremely rare.

Persons: Elon Musk’s, Maye, ”, ” Musk, Elon Musk, Democrats haven’t, Nate Persily, What’s, Persily, Maye Musk, Gavin Newsom, “, Newsom, ” Persily, Donald Trump, Trump, Musk, Trump’s, ” Elon Organizations: Elon, Democrats, Stanford Law School, NBC, U.S, Social, Democrat, Trump, PAC America PAC Locations: California, New York , Massachusetts, Minnesota, Butler , Pennsylvania, Georgia, “ California

☆ Illinois is considering a 3% tax on millionaires to solve the state's skyrocketing property tax problem
▼ + stars: | 2024-10-06 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The governor says the tax could generate $4.5 billion annually and alleviate high property taxes. Illinois has the second-highest property taxes in the US. State leaders say it could alleviate the burden of high property taxes on the average resident. Illinois has the second-highest property taxes in the United States, according to the Tax Foundation, a tax policy nonprofit. "South suburban homeowners already pay some of the highest property taxes in the county, and these increases will make paying those bills even more difficult."

Persons: —, JB Pritzker's, Maria Pappas, Pappas, Pat Quinn, Quinn, WBEZ Organizations: Service, Illinois Gov, JB, Tax Foundation, Former Illinois Gov Locations: Illinois, WBEZ, Massachusetts . Massachusetts, United States, Cook County, Chicago

☆ What Harris’ unrealized capital gains tax proposal means for you
▼ + stars: | 2024-10-06 | by ( Katie Lobosco | ) edition.cnn.com time to read: +8 min

A billionaire minimum tax is one of several proposals pushed by Democrats in recent years to tax the rich. Harris has specifically called for raising the top tax rate on millionaires with long-term realized capital gains from 20% to 28%. Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. How a tax on unrealized capital gains would workLet’s discuss how a billionaire minimum tax – which is, on a basic level, a tax on unrealized capital gains – would impact a homeowner. If passed, a billionaire minimum tax – an unprecedented tax on income not yet received – would likely face many legal challenges.

Persons: Kamala Harris that’s, “, ”, Mark Friedlich, Harris, hasn’t, Biden, Joe Biden, Erica York, it’s, ” Friedlich, Ron Wyden, Joe Manchin, Kyrsten, inheritances Harris hasn’t, Biden’s Organizations: Washington CNN, IRS, Wolters Kluwer, Accounting, Biden, Tax, Oregon Democrat, Senate Locations: Altrata, Oregon, Sens, West Virginia, Arizona

☆ 46-year-old turned 400 of his employees into millionaires by selling his startup for $3.7B: ‘These are life-changing outcomes’
▼ + stars: | 2024-10-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When Jyoti Bansal made "the hardest decision" of his career — selling his software startup AppDynamics for billions — he did it with his employees in mind. As the startup's founder and chairman, Bansal would've become wealthy either way — but only one of his two options guaranteed the same for many of his staffers, he says. Upon Bansal's acceptance of the offer, roughly 400 AppDynamics employees saw their shares of the company rise in value to at least $1 million, a spokesperson for Bansal says. Today, he's the CEO and co-founder of two other software startups, Traceable and Harness, the latter of which was most recently valued at $3.7 billion in 2022. At least 70 of the company's 80 employees became millionaires on paper when VeriSign's stock soared two years later, Chaudhry said.

Persons: Jyoti Bansal, AppDynamics, Bansal would've, Bansal, could've, Zscaler, Jay Chaudhry didn't, Chaudhry, Get Organizations: Cisco, CNBC, SEC, VeriSign

☆ Fancy hotels and dinners aren't enough for wealthy travelers anymore — now some want to feel like celebrities with security and motorcades
▼ + stars: | 2024-10-04 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

Luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. For Sienna Charles' clients, this means requesting security, hotel check-ins from the privacy of their car instead of at the front desk, and a motorcade of four to eight vehicles. AdvertisementIndia said Jeff Bezos is the "perfect example" of Sienna Charles' clients' desire to transform from billionaire business owners into recognizable celebrities. Robert Smith/Patrick McMullan via Getty Images"They're the billionaire next door, and nobody knows who they are," Sienna Charles' CEO said. Or, they could turn to Sienna Charles to provide celebrity-like services, such as a table at an otherwise impossible-to-book restaurant.

Persons: Sienna Charles, Instagram, —, they're, Taylor Swift, Jaclyn Sienna India, Mariah Carey, George W, lister, Jeff Bezos, Robert Smith, Patrick McMullan, it'll, Nobody's Organizations: Service Locations: India, New York City, New York

☆ My 10-year-old twins have the most luxurious travel life ever. They're in for a rude awakening when they grow up.
▼ + stars: | 2024-10-02 | by ( Alesandra Dubin | ) www.businessinsider.com time to read: +4 min

I worry they're in for a rude awakening once they grow up and have less access to luxurious trips. I didn't know anything about luxury travel until even later when my career started to take the form of freelance travel writing. This happened to be around the time my twins were born — so, unlike their parents, they've known nothing but over-the-top luxury travel their whole lives. But luxury travel is all my kids have ever known. AdvertisementBut has their access to luxury travel from a young age skewed their expectations forever?

Persons: —, Alesandra Dubin, they've Organizations: Service Locations: Tokyo, Sol, San Lucas coast, Los Angeles, Canouan, Caribbean

☆ You could retire with $1 million even if you don't start saving until your 30s: How much money you need to set aside per month
▼ + stars: | 2024-10-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

A sizeable number of Americans hope to retire as millionaires, according to Bankrate's latest savings survey. A little over a third of American workers say they'll need $1 million or more to retire in comfort, per Bankrate's survey. The median amount they think they'll need saved up is about $875,000. And millennials are the most likely of each generational cohort to think they'll need to save up at least $1 million to retire comfortably. With that in mind, CNBC calculated how much you would need to save each month in order to retire with $1 million at 65, starting at ages 25, 30, 35 and 40.

Persons: Matt Schulz Organizations: CNBC

☆ A millennial couple details how they went from $150,000 in debt to a net worth of $1.5 million in a decade without elite jobs or risky investments
▼ + stars: | 2024-09-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Lawrence Delva-Gonzalez and his wife went from being $150,000 in debt to having a net worth of $1.5 million. AdvertisementLawrence Delva-Gonzalez, 41, was $150,000 in debt in 2012, working a job that paid $27,000 a year. A little over a decade later, he and his wife grew their net worth to over $1.5 million. By 2017, the two of them could pay down debt to the point of having a net worth of zero. Their net worth grew to over $450,000 in January 2021, over $650,000 in January 2022, over $800,000 in January 2023, and $1.53 million in August 2024, according to his blog The Neighborhood Finance Guy.

Persons: Lawrence Delva, Gonzalez, —, maxed, Delva, Doreen, Finance Guy, hasn't Organizations: Service, FIRE, Florida State University, Marine Corps, Public, Finance Locations: Haiti, Delva, Port, Miami, Black

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