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☆ Dave Ramsey's money advice served my family well, but I finally had to ignore it to take control of my finances
▼ + stars: | 2022-10-04 | by ( Kara Detwiller | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Growing up, Dave Ramsey's financial advice helped my parents get out of debt. He especially warns people about the evils of auto loans and credit card debt. I also felt I was losing out on potential credit card perks like rewards points, airline miles, and cash back. I'm using my credit card responsibly and racking up rewardsI have been using my credit card for several months now, and I'm very happy with it.

Persons: Dave, —, Dave Ramsey's, Ramsey, I'm Organizations: Business Insider, U.S, Service, Dave Ramsey's Financial Peace, US Bank, Financial Peace University Locations: USA, Canada

☆ Gen X is late to the leadership table in US politics, prompting the question: Will it ever produce a president?
▼ + stars: | 2022-09-28 | by ( Darren Samuelsohn | ) www.businessinsider.com time to read: +21 min

By historical standards, Gen X should be in charge of the US by now. Think of them as the godparents of the "Xennials" — those born in the late 1970s or early 1980s who aren't fully Gen X or millennial. No matter whether you deny the 61-year-old Obama is a boomer, Gen X is starting to get up there in age. Michael Ciaglo-Pool/Getty ImagesWhat's the US missing without a Gen X president? "It's like seeing a ghost that doesn't appear," she said of any expectation the presidency would just suddenly open up for Gen X.

☆ Swedish economy set to grind to a halt as inflation bites
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

The economy started the year strongly but the effects of the war in Ukraine and the surging prices for energy it has brought with it are increasingly being felt. Register now for FREE unlimited access to Reuters.com RegisterThe NIER saw headline inflation averaging 7.7% this year and 4.6% in 2023, both higher than expected in August. The central bank targets 2% inflation. read moreMore is set to come as the central bank frontloads its response to inflation at 30-year highs and tries to prevent prices from continuing to spiral upward. The gloomy outlook has already hit the housing market, where prices are expected to fall as much 20% from a peak in spring to the trough next summer.

☆ Not a time for England to panic, says Southgate ahead of Germany visit
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

A toothless England suffered a 1-0 loss to Italy in Milan on Friday, a third defeat in five games that has ramped up the pressure on Southgate with the World Cup in Qatar just under two months away. Southgate led England to the semi-finals of the 2018 World Cup and the final of last year's European Championship, but the team have struggled in recent months, failing to score from open play in their last five games. The game tomorrow is another opportunity, in front of the fans, to take a step in the right direction." Germany is England's final game before Southgate announces his squad for the World Cup, where they will face Iran, United States and Wales in the group stage. Register now for FREE unlimited access to Reuters.com RegisterReporting by Dhruv Munjal in Bengaluru, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ How Does Life Insurance Work and What to Know Before You Buy
▼ + stars: | 2022-09-23 | by ( ) www.wsj.com time to read: +14 min

What to know about life insuranceTerm vs. permanent life insuranceThe two main types of life insurance are term and permanent. Permanent life insurancePermanent life insurance comes in four main variations: whole, variable, universal and variable universal. How to buy life insuranceYou may already have free term life insurance through your employer. A life insurance policy you buy from a private company stays with you for as long as you make payments. How life insurance pays outBeneficiaries have a few choices of how to receive a life insurance payout.

☆ Japan to support Sri Lanka's debt restructuring negotiations
▼ + stars: | 2022-09-23 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +3 min

Reaching an agreement with creditors is key to Sri Lanka securing a $2.9 billion bailout package from the International Monetary Fund (IMF). "Japan stands by Sri Lanka in support of the debt restructuring negotiation process so that Sri Lanka can reach the final agreement with the IMF," Ambassador Hideaki Mizukoshi said in an interview. Although Japan will support the debt negotiation process, Mizukoshi said that talks on large infrastructure projects will only be resumed after Sri Lanka's economy recovers. Japanese firms have been investing in Sri Lanka since the 1970s, including in the electronics, ceramics and engineering sectors. "We hope that the environment for investment to Sri Lanka will improve."

☆ Millennials and Gen Z want to stop a climate catastrophe. But first they have to get elected.
▼ + stars: | 2022-09-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +24 min

Sen. Dianne Feinstein, a California Democrat, told young climate activists in 2019, "You didn't vote for me." AP Photo/Gemunu AmarasingheBut most policy debates aren't genuinely existential in the way climate change is. "Younger Democrats tend to have a much more friendly relationship and response to the party's activist class than older Democrats do." Fossil-fuel interests have played a central role in stymieing progress on climate change for decades. Nearly a decade later, Trump ran for and won the presidency — with Gingrich's early and staunch support — while calling climate change a "hoax."

☆ Patagonia's founder, who just gave his company to a non-profit, loves saving money. From eating cat food to living in beach shacks, here are some of the wackiest examples.
▼ + stars: | 2022-09-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Patagonia founder Yvon Chouinard has had a frugal lifestyle since his early days as a climber and surfer. This includes eating cat food and taking soda bottles from trash cans to redeem for money. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Before founding Patagonia, Chouinard made a living selling climbing equipment from the back of his car. In 1966, Chouinard set up a base for his equipment business, Chouinard Equipment, in a rented tin boiler room of an abandoned packing company slaughterhouse in California.

Eight years after the show’s debut, the podcast circuit across all storytelling genres has never been more crowded or competitive. But in today’s oversaturated market, could any one show prove to be as singularly culture-shaping — influential enough to help free an imprisoned person? “I remember a time when I could keep up on new podcast series, but nowadays that seems virtually impossible,” he added. Cindy Ord / Getty Images file“Serial” is not the only podcast to have helped put more focus on a possible miscarriage of justice. In the years since, the stylistic tropes of true-crime podcasting have become all too easy to satirize.

☆ Trina McGee, who played Angela on ‘Boy Meets World,’ says she was asked to ‘turn down’ her ‘Black meter’
▼ + stars: | 2022-09-19 | by ( ) www.nbcnews.com time to read: +6 min

Another “Boy Meets World” mystery was solved during a recent episode of the rewatch podcast, “Pod Meets World.” Trina McGee, who portrayed Angela Moore during the final three seasons of the sitcom, revealed why she wasn’t part of the series finale. She’s somehow taking our light.’ [That] was the gist of it,” said McGee, who played Shawn Hunter’s (Rider Strong) girlfriend on the show. I remember when I was doing ‘Angela’s Ashes’ episode, somehow my Black meter had slipped up and I was at about a 9. Just got her for her hat.’”After the scene, McGee told Friedle his comment referring to her as Aunt Jemima was not okay. McGee recalled feeling “very small,” to which Friedle responded, “How could you not?”“It literally changed my life,” he continued.

As someone who is in their 20s, I know how hard it can be to start saving for retirement. To make the process less intimidating, start small when saving for retirement and slowly increase your savings rate over time. Fidelity Investments Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Fidelity Go account, but minimum $10 balance for robo-advisor to start investing. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

☆ These startups are beating Elon Musk in the race to let you mind meld with your computer
▼ + stars: | 2022-08-17 | by ( Adam Rogers | ) www.businessinsider.com time to read: +21 min

That's when I started reporting on them, and like any good nerd I was compelled by what scientists could learn with these "brain computer interfaces." The race for implantable brain chips has been a long, deliberate marathon. Graham Felstead, who has severe paralysis, was the first person to have a BCI inserted via the blood vessels. Brain chips will enable them to perform simple actions on their own and reduce the need for round-the-clock care. "When we started in 2015 and I was pitching venture capitalists on brain computer interfaces, no one knew what a brain computer interface was," says Matt Angle, the CEO of Paradromics.

Our experts choose the best products and services to help make smart decisions with your money (here's how). Now, I spend $725 a month on lawn care, housecleaning, and meal kits, and I wish I'd done it sooner. They taught me that you don't spend money you don't have, a rule I took so seriously I never had a single cent of consumer debt to my name (not even student loans). Spending money this way has given me back a lot of mental space, energy, and hours in the day. This is where spending money looks more like an investment than a waste of funds.

Persons: —, I'd, who'd, I've, I'm, spender Organizations: Service Locations: Wall, Silicon

Other bad advice I've heard: don't talk about money, and slash "non-essential" spending. In the years since, financial literacy movements popped up that aimed to empower weary folks with accessible financial advice. Here is all the bad money advice I learned in my younger years that I refuse to pass down. Save, save, saveSince I can remember, most financial advice I received emphasized saving over investing. Open accounts you might not be able access outside of Raisin Check mark icon A check mark.

Persons: I've, —, I'd, it's, hadn't, We've, It's Organizations: Service, FIRE, Mint, FDIC, Chevron Locations: Europe, Asia, Maldives, Mexico, Afghanistan

☆ A leaked video exemplifies what Black migrants endure in US detention centers
▼ + stars: | 2022-03-26 | by ( John Washington | José Olivares | ) www.businessinsider.com time to read: +30 min

A leaked video obtained by Insider shows guards violently tackling a Black asylum seeker at a Louisiana detention center. Detainees and immigration lawyers say there is a disturbing and overlooked problem of anti-Black racism in immigration detention. In January, Representative Cori Bush (D-MO) and Senator Cory Booker (D-NJ) called for a "holistic review of the disparate treatment of Black migrants." Across the state, eight new immigration detention centers have been opened in the past three years – all privately run. In just Texas and Louisiana, 11 separate facilities in recent years have shifted from prisons or jails to immigration detention centers.

Persons: Brandon, Sarah Loicano, Loicano, he'd, Anna Watts, They're, Allen Morris, Morris, he's, —, Cori Bush, Cory Booker, Romelia Solano, Solano, wasn't, It's, Eunice Cho, Cho, Sami Disu, Trump, Biden, Joe Biden, Shah, Black, I've, Jim Crow, Winn, Sarah Decker, Decker, they're, Ellis, Rebekah Wolf, Critics, Wolf, RAICES, isn't, That's, Acheleke, Fuanya, kneeled, fingerprinted, Sophia Diez, Zhang Organizations: FIFA, LaSalle Correctional Center, Salvadoran, Brandon, LaSalle Detention, LaSalle Corrections, . Immigration, Customs Enforcement, ICE, Department of Homeland Security, Office, Customs, Border Patrol, LaSalle, and Immigrant Center for Education, Legal Services, Human Rights Watch, Immigrants, American Friends Service Committee, Southern Poverty Law, Detention, Freedom, Mariposa, LaSalle Correctional, of Africana Studies, John Jay College of Criminal, Detention Watch Network, ACLU, New Orleans ICE Field Office, Winn Correctional Center, ICE Processing Center, RFK Human Rights, Civil Rights, Civil Liberties, Winn, US Naval, American Immigration Council, —, American Bar Association, Haitian Locations: Louisiana, Cameroon, LaSalle, Africa, West Africa, Brownsville , Texas, Caribbean, Mexico, Texas, New York, New Jersey, Glades, Louisiana , Louisiana, Kentucky, Black, U.S, COVID, Allen Parish, Texas , Louisiana , Arizona, Georgia, New Orleans, Asia, Angel, US, Guantánamo Bay, Cuba, New Mexico, Central America, South Asia, Eastern Europe, Central, South America, United States, American, Brandon

☆ Side hustle and 'polywork' culture is really just a desperate reflection of a low-paying job market
▼ + stars: | 2022-02-14 | by ( Stephen Moore | ) www.businessinsider.com time to read: +6 min

The pandemic has seen a rise in "polywork" — people working multiple jobs or side hustles. One aspect of this future is a rise in people holding multiple jobs. Still, the buzz around polyworking fails to consider that many are not pursuing multiple work opportunities voluntarily. For many, working multiple jobs is a necessity. We have to be aware that it's one thing to want to work multiple jobs — it's another to feel like you have to work them.

☆ I manage 134 Airbnb rentals. Here's how I use the 'rent-to-rent' strategy to earn a passive income without having to buy property.
▼ + stars: | 2022-02-09 | by ( Kiera Fields | ) www.businessinsider.com time to read: +7 min

Having not found a tenant, he put the rental on Airbnb – within days he made thousands in bookings. Luke now runs his Airbnb business full time and has 134 properties across the UK and Dubai. The plan was to make enough money sourcing deals to invest in my own property to rent for passive income. I found a property owner who had gone into mortgage arrears and no longer wanted to manage her property. The plan was to rent it to a tenant and pay rent and pay back my debt.

I used the 'rosebud' cheatcode to make my Sims wealthy without working, and I kept looking for the same cheatcode in real life. Now that I'm older, I realize building wealth isn't the same as the instant gratification of entering the 'rosebud' cheat. I romanticized the idea of cheating my way into wealthAside from basic financial management, I learned about the 'rosebud' cheatcode. Coupled with extra exclamation points and semicolons, the 'rosebud' cheatcode could put millions of simoleons (Sim dollars) into my Sims' bank accounts. I thought their families found the 'rosebud' cheatcode to wealth, and I was desperate to figure out how to do the same thing.

☆ Made Men: A photo tour of the most notorious sites of New York Mafia history – and what they look like now
▼ + stars: | 2021-07-23 | by ( Andrew Lichtenstein | ) www.businessinsider.com time to read: +25 min

Andrew Lichtenstein for InsiderManhattan's Hell's Kitchen neighborhood, on the western edge of Midtown, got its name from its crowded tenements. On March, 13, 2019, Gambino family crime boss Frankie Cali was shot dead in the driveway outside his Todt Hill home. Andrew Lichtenstein for InsiderThe service road to the Belt Parkway runs through the northern edge of the Brighton Beach neighborhood. John Gotti's Family Home, Howard Beach, QueensThe home where John Gotti, the leader of the Gambino crime family. It's here that John Gotti, the leader of the Gambino crime family and thus the 'Godfather' of the American mafia, lived and raised his family.

☆ Yo-Yo Ma and the Meaning of Life
▼ + stars: | 2020-11-23 | by ( David Marchese | ) www.nytimes.com time to read: +20 min

“People need each other for support beyond the immediate staples of life,” Ma says. “They need music.”Do you think music is fundamentally good? Think about language, think about agriculture, think about navigation, think about engineering. I’m using culture.” It doesn’t need to be defined as “I’m going to play for you this piece of music.” It’s not that. I’m going to figure out what I can do with the cello.” He says, “I’m going to learn everything about the instrument.” He writes the first suite, second, third suites.

Persons: Bráulio Amado, Ma, ”, Kathryn Stott, ” Ma, I’ve, You’re, don’t, you’ve, David, Newton, you’re, It’s, ” It’s, “, who’s, Tell, I’m, Teddy, Oliver, It’ll, Ted Thai, we’ve, Bach, “ I’m, Clive Barda, Seiji Ozawa, ” — Anthony McGill, He’s, Manny Ax, Jeff Vespa Organizations: YouTube, Carnegie Hall, Getty, English, Orchestra, Boston Symphony Locations: London, United States, United States of America, Europe

People in their 40s are often pulled between two groups who need them — their kids and their aging parents. But saving for your own retirement is critical — there is no one else to do it for you. Contribute the maximum to your 401(k) and an IRAIt is often said that when it comes to saving for retirement, the earlier, the better. A person in their 40s who is serious about saving for retirement should also be in the habit of contributing to an Individual Retirement Account by this point. And once their own savings plan is established and implemented, they could move on to the other people they care to help.

I started by asking a financial advisor for help, then opening a SEP IRA and funding it little by little. Every time someone brought up the idea of a retirement account, I rolled my eyes and tuned them out. I asked for helpWhen I decided to start saving seriously for retirement, I didn't know what to do first. I considered all my retirement account optionsI was always so intimidated by how many retirement account options there were. This allowed me to build up year one of my SEP IRA and play a bit of catch-up.

Credit cards are the best way to build credit, but you need good credit to get one. Founded in 2016, the company partnered with FDIC-insured WebBank to launch its credit card, Petal Card, to the general public last October. To help people with no credit build credit using the fee-free Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Petal Card might not be the best credit card if you already have a robust credit history, but that's not really its purpose. Petal Card was created to help the "credit invisible" build credit with an affordable, transparent, user-friendly credit card, and in that regard, it's shaping up to be the best solution yet.

☆ Store credit cards helped me build my credit so I could get approved for Chase Sapphire Reserve, but I'd think twice before opening one now
▼ + stars: | 2019-10-11 | by ( Elizabeth Aldrich | Sarah Silbert | Read More | ) www.businessinsider.com time to read: +7 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Read more: How to build creditStore credit cards are typically easier to get than regular credit cards. Opening lots of credit cards caused a temporary drop in my credit score, but it helped my credit in the end. The dangers of store credit cardsEven though store credit cards helped me build my credit, I wouldn't recommend them to most people. On top of that, some store credit cards still partake in questionable practices that regular credit cards have done away with.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). I made some poor financial decisions in my 20s, like eating out every day and shopping pointlessly. Emotional spendingAfter being broke in my early 20s, I fell into a comfortable financial situation in my later 20s. But I didn't feel any different ... until I started spending. On some level, spending money made me feel like I had money.

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