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☆ A 30-year-old man built muscle and burned fat in 4 months with a time-saving workout technique
▼ + stars: | 2024-09-17 | by ( ) www.businessinsider.com time to read: +5 min

Read previewA busy office worker said he transformed his physique in four months thanks to an efficient workout plan. AdvertisementIn theory, researchers and trainers say, the combos allow one muscle group to rest while you're working a different muscle group with another exercise, tapping into the benefits of rest without added time. A superset involves performing exercises back-to-back without a break, and can save time by allowing one muscle group to rest while another is working. Using supersets, you can create a full-body plan, and work out harder, because you're not exhausting any one muscle group. Doing a few sets per muscle group more frequently allowed him to make each set count by adding more weight and pushing himself harder, he said.

Persons: —, Andre Frade, Adam Enaz, Enaz, bro, that's, Frade Organizations: Service, Business Locations: London

International credit scores generally do not transfer to credit scores in the U.S. Nova Credit allows immigrants from some countries to apply for credit with an international credit score. FICO VantageScore Payment history (35%) Payment history (40%) Credit balance (30%) Length & type of credit (21%) Length of credit history (15%) Percent of credit used (20%) New credit (10%) Total debt/balances (11%) Mix of credit accounts (10%) Recent credit behavior and inquiries (5%) Available credit (3%)Varying reporting standardsOther countries have credit-scoring systems that differ from the United States. Check for applying without a U.S. credit history — While filling out a credit card application, check a box with "apply without having a U.S. credit history." Along with exploring credit scores, credit reports, and how to build credit, Jennifer analyzes how current economic trends impact everyday people and offers her expert advice on budgeting, saving, and growing wealth in today’s economy.

Persons: Misha Esipov, Dun, Bradstreet, Equifax, TransUnion, you've, Jennifer, Read Organizations: Nova Credit, Popular, Nova Credit's, Nova, American Express, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: U.S, United States, America, Experian, Nova, Canada, Japan, Australia, Brazil, Dominican Republic, India, Kenya, Mexico, Nigeria, Philippines, South Korea, Spain, Switzerland, TheGrio, New York City

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are down and hovering near 5.60%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates have decreased and are hovering below 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: it's, you'll, Freddie Mac, they've, They'll, refinance Organizations: Fed, Federal Reserve, Zillow Locations: Chevron

☆ This 38-year-old is financially independent with passive income. Here's how he built a 7-figure real estate portfolio
▼ + stars: | 2024-09-17 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Over the course of about seven years, the 38-year-old consistently poured over 50% of his and his wife's dual income into real estate investing. Beginning of real estate investing journeyMatsuo Post's journey toward financial independence was not straightforward. Pivoting his career multiple times, he worked in industries like journalism, retail and technology before entering real estate. "We found real estate and kept talking about it, and then we decided that we can live off of one income," Matsuo Post said.

Persons: Shu Matsuo, Matsuo, it's, Matsuo Post, Christina, I'm, that's Organizations: CNBC, Matsuo Post, FI, YouTube Locations: U.S, Japan, Hong Kong, Minnesota, New York

☆ Now is your last chance to lock in a guaranteed 5% return before the Fed cuts rates, investing experts say
▼ + stars: | 2024-09-17 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

After months of high interest rates, the economic tides appear to be shifting. Experts largely expect the Federal Reserve to slash interest rates during the central bank's meeting on Wednesday, a reversal of a rate-hiking policy aimed at taming post-pandemic era inflation. For consumers, declining short-term interest rates will come as a relief. Versions of all three vehicles currently offer guaranteed interest rates north of 5%. That means, for certain savers, now may be the last opportunity to lock in a relatively high interest rate on short- to medium-term investments, says Amy Arnott, a portfolio strategist with Morningstar Research Services.

Persons: Amy Arnott Organizations: Federal Reserve, Morningstar Research Services

☆ So we’re expecting a rate cut. When will we start to see a difference in the economy?
▼ + stars: | 2024-09-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

How rate cuts workCentral banks cut interest rates for two main reasons: financial conditions are expected to worsen drastically, or inflation has cooled so much that leaving interest rates at high levels will be overly restrictive and put a drag on the economy. The Fed lowers its target rate by buying more securities, namely Treasury notes and mortgage-backed securities. When they have more money to lend out, they don’t need to charge such high interest rates on mortgages and other types of loans they offer. Business' hiring decisions can be influenced by the Federal Reserve's interest rate decisions. When the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.

Persons: you’ve, Jerome Powell, it’ll, Don’t, don’t, Banks, it’s, Thomas Drechsel, Lynne Sladky, ”, “ they’re, ” Said, Milton Friedman, ” Drechsel, “, they’re, Drechsel Organizations: New, New York CNN, Federal Reserve, University of Maryland, Business, Netflix, CNN, Fed Locations: New York

☆ Inside Amazon's new AI sales machine: More pressure, more pay, more speed
▼ + stars: | 2024-09-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementThese AWS staffers were asked to find at least one sales opportunity each month for Q, Amazon's AI assistant, and Bedrock, the company's AI platform. AdvertisementMany AWS sales teams have new performance targets tied to AI products. AdvertisementHitting these goals is important for Amazon employees because that can result in higher performance ratings, a key factor in getting a raise or promotion. The "Find One, Launch One, Ramp One" initiative includes AWS sales architects. More pressure but also more rewardsAmazon is also doling out bonuses and other forms of potentially higher pay for AI sales success.

Persons: —, Matt Garman, salespeople, AWS's, Garman, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Service, North, Business, AWS, Messaging, Amazon, Microsoft, Google, BI, there's, Amazon Connect Locations: North America

☆ Ukraine is extending its recruitment training period after reports of new recruits dying too quickly
▼ + stars: | 2024-09-16 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewThe Ukrainian army is extending the period of training for its new recruits after months of reports have shown that their soldiers are ill-trained for combat and risk dying out too quickly. The current training period for new recruits is three months, which includes one month of basic military training and two months of vocational training, according to Ukrainian news outlet Ukrainska Pravda. The news of the extended training period comes after months of reports have shown that Ukraine's soldiers do not have the adequate training required to be on the front lines. And according to a June Washington Post report, Ukrainian commanders often had to dedicate time to training recruits basic skills like how to shoot. Ukrainian soldiers, according to the Kyiv Independent, are worried that the army will run out of trained people to continue fighting.

Persons: —, Oleksandr Syrskyi, Schmidt, Chasiv Yar, didn't Organizations: Service, Facebook, Business, General Staff of, Armed Forces, Ukraine's Facebook, Ukrainska, Associated Press, AP, 47th Brigade, Washington Post, 93rd Mechanized Brigade, Post, Kyiv Independent, Kyiv, Mechanized Brigade Locations: Ukrainian, Chasiv

☆ A Gen Xer shares the saving strategy that grew his net worth from $50,000 to $1 million in 15 years
▼ + stars: | 2024-09-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Read previewTodd, a 53-year-old IT professional based in Nashville, had a long journey to a six-figure salary. However, for many Americans, reaching a six-figure income could still have a significant impact on their lives. Todd shared how he's turned his six-figure salary into a $1 million net worth — and why he plans to extend his working years longer than he might need to. When Todd landed a six-figure income — and his financial circumstances began to change significantly — he didn't go on a spending spree. He hopes to pay off his mortgage before age 60 — his goal retirement age.

Persons: —, Todd, he'd, I'm, doesn't, he's, I've, Roth Organizations: Service, Business, Cisco, BI, New, Fed, American Express Locations: Nashville

☆ This is the 'billion-dollar blind spot' of 401(k)-to-IRA rollovers, Vanguard finds
▼ + stars: | 2024-09-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or retiring. watch nowAbout two-thirds of rollover investors hold cash unintentionally: 68% don't realize how their assets are invested, compared to 35% who prefer a cash-like investment, according to Vanguard. The asset manager surveyed 556 investors who completed a rollover to a Vanguard IRA in 2023 and left those assets in a money market fund through June 2024. "IRA cash is a billion-dollar blind spot," Andy Reed, head of investor behavior research at Vanguard, said in the analysis. 'It always turns into cash'The retirement system itself likely contributes to this blind spot, retirement experts said.

Persons: Sergio Mendoza Hochmann, Andy Reed, Stocks, Philip Chao, Grace Cary, they're, Chao Organizations: Vanguard, Vanguard IRA, Finance, Security Locations: John , Maryland

☆ A millennial couple bought an old, abandoned farmhouse and moved to Italy. They said renovating it is a full-time job.
▼ + stars: | 2024-09-16 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Sturtewagen still works remotely as a business coach, alongside renovating the property with Brokamp and documenting their progress for nearly 100,000 fans on YouTube. They told Business Insider they didn't consider buying a property in Italy until they began visiting the country regularly after Sturtewagen's mother moved there. Sturtewagen told BI part of the house was habitable, though decorated in an "old-fashioned" 1960s style. They spent seven weeks in Italy in the first half of 2023, and moved into the farmhouse in August 2023. Renovating is a full-time jobThe couple said renovating the farmhouse and making videos filming their renovation is a full-time job.

Persons: —, Bertus Brokamp, Sturtewagen, Brokamp, jouster, Sturtewagen's, they'd, We're, Sturtewagen siad Organizations: Service, Business, YouTube Locations: Alphen aan den Rijn, Netherlands, Italian, Sturtewagen, Italy, Piedmont

The Federal Reserve is expected to start lowering rates this week, and mortgage rates are down as a result. But will mortgage rates drop further once the Fed cuts rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ I bought my dream home, but the difficult process and higher cost sometimes make me wish I'd stuck with renting
▼ + stars: | 2024-09-15 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

I always knew from the moment I graduated college that I was eventually going to buy something in the city. AdvertisementPlus, because I am in the design world, I felt like this is my time to buy a place and make it my own. I wanted to buy a place that I could live in for a good amount of years and put love into. I knew if I left the kitchen the way it was, I wouldn't be happy going into the kitchen every day. I probably would still continue to rent because renting is a whole lot cheaper than doing what I did.

Persons: —, Chelsey Brown, There's, It's, I'm, I've, it's Organizations: Service, Business Locations: New York City, New York

☆ My dad sacrificed everything to retire early — only to die before he could enjoy it. I'll never recommend early retirement to anyone.
▼ + stars: | 2024-09-15 | by ( Rebekah Sanderlin | ) www.businessinsider.com time to read: +9 min

But his plan had always been to retire early. At 50, he could retire early, and have plenty of time to do whatever he wanted. AdvertisementThe author wearing the diamond studs her father bought for her, which she almost never takes out. That old designer diaper bag now serves as my laptop bag, a reminder of everything I learned from my dad. I plan to slow down as I age, but I don't plan on ever retiring.

Persons: —, I've, Rebekah Sanderlin, would've, hadn't, wouldn't, he'd, Christal Marshall, I'm, Jane Zhang Organizations: Service, Business, Sam's Club, Affordable, Medicare Locations: Hawaii

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? Current 30-Year Mortgage RatesAverage 30-year mortgage rates remain low after dropping last week and are hovering around 5.70%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. Now, 30-year refinance rates are nearly 70 basis points lower, and 15-year refinance rates are around 50 basis points lower. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac, it's, Fannie Mae Organizations: Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Rising floodwaters trigger evacuations in Czech Republic and Poland
▼ + stars: | 2024-09-15 | by ( ) www.cnbc.com time to read: +1 min

Another night of torrential rains pounding Central Europe forced massive evacuations in the hardest hit areas in the Czech Republic, where floods reached extreme levels on Sunday. Meteorologists have warned the situation still might get worse as waters in most rivers are rising, the flood wave made its way through the country and more heavy rains could return overnight. "There's no reason to wait," Mayor Tomáš Navrátil told the Czech public radio. He said the situation was worse than during the last devastating floods in 1997, known as the "flood of the century." "We have to focus on saving lives," Prime Minister Petr Fiala told the Czech public television Sunday.

Persons: Tomáš Navrátil, Petr Fiala Organizations: Authorities Locations: Europe, Czech Republic, Polish, Opava, Czech

☆ How AI images of cats and ducks powered the pet-eating rumor mill
▼ + stars: | 2024-09-14 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

The rumor mill about immigrants attacking household pets got its start in thinly sourced anecdotes shared at government meetings and on social media. Some of the images shared by social media users were openly prejudiced, showing Black people chasing after cats. These images and videos often create a more engaging and shareable post — regardless of whether they’re based in truth. There were cats holding military-style rifles to defend themselves, cats holding up political signs, cats and ducks sitting side-by-side, AI-generated humans holding cat-related signs and cats and ducks being cuddled by Trump. At least two of the widely viewed AI videos of Trump and animals were made using the software of Chinese AI startup MiniMax, according to watermarks on the videos.

Persons: Donald Trump, Elon Musk’s, Trump, Kamala Harris, A.J, Bauer, ”, ” Bauer, they’ve, Harris, ” Imran Ahmed, ” Ahmed, Jack Posobiec, Posobiec, Black, Jimmy Kimmel’s, Eric Swalwell, “, ” Trump, Alice Marwick, ” Marwick, we’ve, MiniMax Organizations: University of Alabama, Adobe, Local, Trump, Center, Judiciary, Republicans, Data & Society, Marwick, Consumers Locations: Springfield , Ohio

Abortion rights opponents had argued in a pair of lawsuits that the amendment to expand abortion rights violated a state rule that says a ballot proposal must only address one subject. Matt Heffron, a senior counsel for a firm that argued against allowing the abortion rights initiative to stay on the ballot, slammed the high court's ruling. Colorado, New York and Maryland are the liberal-leaning states with abortion ballot measures. Arizona and Nevada — two key battleground states in the presidential election — also have abortion ballot initiatives. That same year, Kansas voters cast ballots against a proposed amendment which would have removed language guaranteeing abortion rights in the state.

Persons: ”, Matt Heffron, Heffron, Allie Berry, Berry, — Organizations: Nebraska Supreme, Thomas More Society, American Civil Liberties Union Locations: Nebraska, state’s, Chicago, Nebraska’s, ” Nebraska, Montana , South Dakota , Missouri, Florida . Colorado , New York, Maryland, Arizona, Nevada, Ohio , Kansas, Kentucky, Ohio, state's, Kansas

Mortgage rates probably won't drop much further if the Fed cuts rates, unless central bankers opt for a larger-than-expected cut. 30-Year Mortgage RatesAverage 30-year mortgage rates have been dropping this month and are now down near 5.70%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron

☆ Big stock sales from tight-lipped Berkshire Hathaway executives are saying a lot
▼ + stars: | 2024-09-14 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Top bosses at Berkshire Hathaway are usually tight-lipped about their market outlook, but recent investment actions from the executives are saying a lot. News broke earlier this week that Ajit Jain, the conglomerate's insurance chief for nearly 40 years, sold more than half of his Berkshire stake worth $139 million. That marked the biggest sale of Berkshire stock by the 73-year-old vice chairman of insurance operations since he was hired by Warren Buffett in 1986. He believes it would be "value-destroying" if he overpaid for Berkshire shares. But the magnitude of the sales could also suggest a bearish attitude toward the market and stock valuations.

Persons: Berkshire Hathaway, Ajit Jain, Warren Buffett, Jain, Ajit, Steve Check, Buffett, Brian Meredith, Meredith Organizations: Berkshire, Berkshire Class, Check Capital Management, Berkshire Hathaway, UBS, BNSF Railway, of America, Apple, Buffett, Bank of America Locations: Berkshire, Omaha, U.S

I'm exploring how we could save money on these purchases by opening up a new credit card, so I asked certified financial planner Bobbi Rebell whether it's a better idea for us to open a store credit card or a rewards credit card. "Sometimes store credit cards come with 0% interest for a given period of time." The Pottery Barn credit card also works at all seven brands under the store's umbrella, including West Elm and Williams Sonoma. Rewards credit cards come with more flexibility and ongoing perksDespite the perks that store credit cards offer, Rebell says that other credit cards come with more flexibility, especially with how you can use your rewards. That's useful, especially if we need more than 12 months to pay off our credit card bills once a store credit card's 0% APR wears off.

Persons: —, we've, we're, Bobbi Rebell, Rebell, We've Organizations: Service, Business, Elm Locations: Williams Sonoma

☆ Disneyland half marathon runner dies after voicing concern about the heat
▼ + stars: | 2024-09-14 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +10 min

Graves’ death may ultimately be part of a disturbing jump in the number of heat-related deaths, which have doubled across the country in recent years. Another child, a 10-year-old, died of a “heat-related medical event” in July while hiking in an Arizona park. ‘Attempted to save his life for about an hour’The Disneyland Halloween Half Marathon started at 5 a.m. last Sunday. “We’re sort of entering a new era of risk perhaps associated with these increasing temperatures,” Howard said. Before Sunday’s half marathon, Graves posted another TikTok video under his popular @calebtravels user name about the arrival of Disney race weekend.

Persons: Bobby Graves, Graves, Caleb, ”, “, ” Graves, Matt Sutter, Jeffrey Howard, Howard, ‘, Mickey, Minnie Mouse, Jacob Boyer, “ It’s, Jeff Gritchen, ” Sutter, Frank Gonzalez, Jessica Good, Sutter, Boyer, messaged, Wilson Sonsini Goodrich, ” Wilson Sonsini, ” Howard, CNN’s Jen Christensen, Natasha Chen, Deidre McPhillips, Mary Gilbert, Jillian Sykes, Dalia Faheid, Taylor Galgano, Zenebou Sylla, Laura Paddison, Amy O’Kurk, Angela Dewan Organizations: CNN, Disney, Anaheim Police, University of Texas, National Weather Service, ”, MediaNews, Orange, Register, Paramedics, Anaheim Fire, Orange County Sheriff’s Department, Georgetown University, Rosati, US Centers for Disease Control Locations: Southern California, Garden Grove, Orange County, Orange, Maine, California, Arizona , Georgia, Nebraska, Arizona, San Antonio, Anaheim, Sutter, “, Austin, Washington, – California, Arizona , Nevada, Texas, Santa Clara County , California

☆ 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

☆ Mortgage rates are dropping, but homes aren't expected to get cheaper—here's why
▼ + stars: | 2024-09-13 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Mortgage rates are falling, but that doesn't guarantee homes will be more affordable in 2025. With more buyers competing for a limited number of homes, prices are likely to rise. Why lower mortgage rates could lead to higher home pricesWhile lower mortgage rates help out buyers, the larger force at play in the housing market is supply. "If mortgage rates drop below 6%, it's likely to increase demand for homes, which could push prices higher," in the next year, says Kent. Mortgage rates are expected to fall as home prices rise

Persons: Maggie Kent Organizations: National Association of Realtors, CORE Locations: New York, Kent

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