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☆ Inexpensive ways to access emergency funds
▼ + stars: | 2024-03-11 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

And while surveys indicate that there are plenty of people in just such a situation, there are some inexpensive and safe ways to access emergency funds. putting it on a credit card but paying that bill in full when it comes due). An earlier survey by Bankrate, meanwhile, found that two-thirds of US adults worried they don’t have enough emergency savings to cover them if they lost their primary source of income. Her bills were piling up and she had already accrued high credit card balances from her years in school. To make the next emergency expense less stressful and costly, you can build emergency savings with small amounts consistently over time.

Persons: Bankrate.com, Bankrate, Noah Damsky, ”, Marcel Miu, ” Miu, Daisy Martini, she’d, Rodney Williams, Martini, “, Damsky, Linda Grizely Organizations: New, New York CNN, Federal Reserve, Marina Wealth Advisors, New York City’s Department of Education, Financial Locations: New York, New

☆ Generational Wealth Building
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGenerational Wealth BuildingFinancial health can mean different things to different people and can also look different depending on your financial goals. This session covers the ways to build wealth and financial stability at any age and at any stage to sure up your financial future. It features SoLo Funds Founder Rodney Williams and WE Family Offices CEO & Managing Partner Mel Lagomasino. Moderated by CNBC Senior Finance and Banking Reporter Leslie Picker.

Persons: Rodney Williams, Mel Lagomasino, Leslie Picker Organizations: WE, CNBC Senior Finance, Banking

☆ Despite economic uncertainty, you can still build and preserve generational wealth, experts say
▼ + stars: | 2023-10-12 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Kate_sept2004 | E+ | Getty ImagesDespite economic uncertainty, it's still possible to build and preserve generational wealth, experts said Thursday at CNBC's Financial Advisor Summit. "But I think we'll still have an earnings recession," she said, pointing to rising costs of labor amid worker strikes. While rising interest rates have triggered stock market volatility, they have created competitive options for investors. Biggest threats to generational wealthWith some experts still predicting a recession, experts at the summit said it's also important to protect generational wealth. 1 cause of great loss of wealth is concentration," said Lagomasino, emphasizing the risk of having "a lot of eggs in one basket."

Persons: Mel Lagomasino, Lagomasino, it's, Rodney Williams, hasn't, Williams Organizations: CNBC's Financial, WE, Silicon Valley Bank, First Locations: New York City, Miami, Silicon

☆ SoLo Funds, peer-to-peer loan platform for underserved banking consumers, is expanding to Nigeria
▼ + stars: | 2023-06-29 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +7 min

Expansion to Nigeria, Williams said, is a first step on the path to further international growth. In Nigeria, SoLo Funds has already connected with Paga, a mobile payment company, Platform Capital, an African investing firm based in Nigeria, and Endeavor, an entrepreneurial community network. SoLo Funds users have the opportunity to lend small amounts of money, ranging from $50-$1,000, to peers on the platform. That mission has not come without controversy, and allegations that SoLo Funds is creating a new form of predatory short-term lending. The complexity of lending regulation in the U.S. on a state-by-state basis has prepared SoLo Funds for the equally complex international launch.

Persons: Williams, Elon, " Williams, Rodney Williams, Travis Holoway, We've Organizations: Procter & Gamble, Visa, Intel, Synchrony, CNBC, Aspen Ideas, Platform, Endeavor, Google, NBCUniversal News Locations: Nigeria, Africa, America, Connecticut, California, Washington, United States, U.S, Latin America, Southeast Asia

☆ The 2023 CNBC Disruptor 50: How we chose the companies
▼ + stars: | 2023-05-09 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

The last Disruptor 50 company to go public was Gojek, which debuted on the Indonesia Stock Exchange more than a year ago. The last Disruptor 50 IPO in the U.S. market, Nubank , happened on December 9, 2021. Here's how we chose them:All private, independently owned startup companies founded after Jan. 1, 2008, were eligible to be nominated for the Disruptor 50 list. The 2023 list also features the first founder to have two companies make the Disruptor 50 (Rodney Williams of SoLo Funds). Imagine what that number could have been a year or two ago …Special thanks to the 2023 CNBC Disruptor 50 Advisory Council, who again offered us their time and insights.

☆ The 14-slide pitch deck a Los Angeles-based fintech startup used to raise $10 million
▼ + stars: | 2023-03-13 | by ( Claire Turrell | ) www.businessinsider.com time to read: +5 min

Users can borrow up to $1,000 each time, and they have the option to tip the lender and SoLo Funds. It showcases how simple the SoLo Funds design is, how borrowers have control, and how they set their own terms." After meeting the SoLo Funds team, he invested $1.6 million. SoLo Funds now has more than 100 employees and is a registered B Corp. Here's the original pitch deck that the team used to raise a $1.2 million pre-seed round, which led to raising $10 million in January 2021.

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