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☆ Here's how much you need to earn to afford a 1-bedroom rental in every U.S. state
▼ + stars: | 2022-09-27 | by ( Molly Schiff | ) www.cnbc.com time to read: +1 min

In the U.S., rent is becoming increasingly unaffordable, especially for those who prefer not to live with roommates. In New York City, for instance, the average cost of a 1-bedroom rental has increased 46.7% year over year. And New York isn't even the state where renters need to earn the most to afford a 1-bedroom rental. Depending on the state, the annual income needed to afford rent on a one-bedroom ranges from around $24,500 to around $64,600. Here's the minimum income you need to earn to afford a one-bedroom rental in all 50 states, as well as the actual median income renters earn in each place.

☆ Families in over 20 states are scrambling to place a bet on what their energy bills will be in the future. A wrong decision could cost them hundreds of dollars.
▼ + stars: | 2022-09-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

In today's volatile energy market, a wrong decision could cost them hundreds of dollars. Increasing in prevalence in the 1990's, deregulated energy markets have pros and cons, experts say. In today's volatile energy market, a wrong decision could cost them hundreds of dollars. Pros and cons of deregulationIn general, Basseches says he thinks deregulation can help lower a state's energy costs. In Texas for instance, among the "most deregulated" states, he says energy costs are generally "very low."

☆ Thought you paid a lot to heat your home last year? Wait until this winter
▼ + stars: | 2022-09-24 | by ( Tami Luhby | ) edition.cnn.com time to read: +9 min

The couple is now paying $472 a month on the budget plan, up from around $290 a month last winter. Jason Bell may have to take on a second part-time job, on top of his full-time position, to afford his heating bills this winter. Those who heat with natural gas are facing the largest spike, with their cost for the winter heating season expected to soar 34.3% to $952, the association said. The tab for heating oil is expected to jump 12.8% to $2,115. Oil prices, which spiked last winter after Russia invaded Ukraine in February, are declining but are still higher than they were last year.

☆ Special interest groups representing Amazon to Uber oppose possible crypto regulation in California
▼ + stars: | 2022-09-23 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +8 min

Industry groups representing Amazon, Apple, Block, Coinbase, Genesis, Google, GrubHub, Lyft, Facebook/Meta, Uber, and other companies wrote to the state assembly opposing the law. Nine organizations representing consumers and advocating for economic justice wrote to the state assembly expressing support for the law. Several tech industry groups representing major companies and venture capital firms wrote in to oppose the law. Several organizations advocating for consumers and economic justice wrote to the state assembly expressing support for the law. Interest groups argued that regulation presents an "undue burden"on crypto companiesBlockchain Advocacy CoalitionThe Blockchain Advocacy Coalition wrote to Assemblymember Grayson on August 26.

That spike in demand pushed prices higher, and was exacerbated by the retirement of coal-fired and nuclear plants, in favor of electric generators. Meanwhile, natural gas production has been slow to come back online after waves of shutdowns during the Covid-19 pandemic. Today, the price of natural gas is at levels not seen in more than a decade. The company said the increases are directly related to higher natural gas prices. "For many struggling families, higher prices can mean being forced to choose between heat, food or medication," the association said.

☆ Developers rush to convert run-down hotels and offices into shiny new apartments as the costs of new construction and borrowing money soar
▼ + stars: | 2022-09-21 | by ( Robert Davis | ) www.businessinsider.com time to read: +7 min

Some real-estate developers are increasingly targeting offices and hotels for conversion into apartments because, they say, these projects are the only ones that make financial sense right now. The company spent a total of $14.2 million to acquire the properties, which Hubbard described as "on the run-down side." With conversions, developers are also hoping to capitalize on the increased demand for rentals as buying a home becomes less affordable. By extension, the value of office space is declining — making conversion projects more profitable when financing can be secured. The program includes zoning reforms designed to make the conversion projects easier and funding from the federal American Rescue Plan, the Pittsburgh Post-Gazette reported.

☆ 'Quiet fleecing' is why you're getting paid less and everyone's talking about quiet quitting and the Great Resignation
▼ + stars: | 2022-09-20 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Since the 1970s, US wage growth has stalled, with the top 1% seeing most of the gains. It's resulted in a "quiet fleecing" of the American worker, according to data analyzed by the Economic Policy Institute. Coined by the Economic Policy Institute, "quiet fleecing" describes decades of stagnant wage growth in the US despite rising productivity and costs of living. In theory, workers' wages rise in tandem with their productivity, or the output they provide to a company. It could be why more workers are getting vocal about quiet quitting, "acting their wage," or joining the Great Resignation.

☆ A married couple with a 47-unit real estate portfolio worth $19 million share the top 4 books that got them started on the path to building wealth
▼ + stars: | 2022-09-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Today, Kenny Simpson and Krystle Moore have amassed a $19 million, 47-unit real estate portfolio. They share their four top book recommendations to help aspiring real estate investors. These cover wealth building, money-saving tax strategies, negotiating, and deal making. Before Kenny Simpson and Krystle Moore met in late 2008, both had previously harbored separate real estate investing ambitions. "If you're thinking about getting into real estate, you need to read 'Rich Dad Poor Dad.'"

Imagining possibilities is a big part of planning; I want LGBTQ women to be able to imagine success. LGBTQ women rarely see themselves reflected in the wealthiest groupsData on both LGBTQ people and women of all orientations evidences economic precarity for many people within these lived experiences. Transgender women have an even higher likelihood of experiencing life on a low income. McKinsey reported last year that cisgender people took home 32% higher wages for the same work transgender people did. LGBTQ women and others tend to resource stability and community outside social norms.

☆ An ex-Wall Street trader-turned financial literacy coach shares the 3 investing strategies that helped her become a millionaire at 27 — and breaks down the 5-step method she used to achieve financial
▼ + stars: | 2022-02-26 | by ( Vicky Ge Huang | ) www.businessinsider.com time to read: +7 min

Vivian Tu, an ex-Wall Street trader, now works in tech and teaches financial literacy on TikTok. She shares her 5-step method and 3 investing strategies to achieve financial independence. Unable to break the lease without paying an $8,000 penalty, Tu watched her entire savings vanish from her bank account. "It made me realize that if people who work in finance don't understand personal finance, and if people who don't work in finance don't understand personal finance, who understands this stuff," she said. "I" is for investing, which refers to both investing in assets in a brokerage account and investing in hobbies and education.

☆ Mississippi banned most abortions to be the 'safest state' for the unborn. Meanwhile, one in three Mississippi kids lives in poverty.
▼ + stars: | 2021-11-26 | by ( Sarah Fowler | ) www.businessinsider.com time to read: +16 min

Mississippi lawmakers said the ban on most abortions after 15 weeks makes Mississippi 'the safest state in the country' for the unborn. "We've had so many state leaders who have talked about wanting Mississippi to be the safest state in the country for unborn babies. It's even higher for kids: one in three Mississippi children live in poverty. Each of the women has dedicated their life to helping Mississippi women and families. More than 100,000 Mississippi children should be eligible, but in 2019 – the most recent year for which there's data – just 20,900 benefited from the program.

The AstraZeneca vaccine received approval from UK regulators in December 2020, and Poonawalla became a household name in India. India's Covid-19 tsunamiBut Poonawalla's plans soon went awry when a second wave of Covid-19 hit India in the spring. But by January 2021, the company had a stockpile of just 70 million doses . SII also says that it has increased its production to 220 million doses a month as of October. SII is also expanding its partnerships, having signed a deal with American biotech firm Novavax to manufacture its Covid-19 vaccine, which is awaiting regulatory approvals.

☆ Reading 2 short sentences in 'Millionaire Teacher' convinced me to change my retirement savings strategy, and it's helped me earn thousands
▼ + stars: | 2020-12-27 | by ( Alexis Rhiannon | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

Four years ago I'd started saving for retirement, but I was too afraid to actually invest the money. But reading the book "Millionaire Teacher" opened my eyes: I learned quickly that I was missing out on years of compound interest. But then, two short sentences in the book "Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School" finally convinced me the answer was yes. "Over the past 90 years," Hallam wrote, "the US stock market has generated returns exceeding 9% annually. 'Millionaire Teacher' challenged my preconceived notions about the marketBefore I read "Millionaire Teacher," my understanding of the stock market was vague and amorphous.

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