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Disha Spath, 38, and her husband were about $750,000 in debt a few years ago and were spending above their means. "I just want a balanced life and to not feel like I'm tied to my job," Spath said. Her student loans from medical school were $191,000, according to financial documents shared with BI. They eventually converted the home into a rental property for passive income, which allowed her to pay off her student loans quicker. Even though her job paid well, she had to take unpaid maternity leave for a few weeks when their first child was born.
Persons: Disha Spath, Spath, wasn't, , maxing, She's, I've, they're, she's, we've Organizations: Service, Business, BI, Army, Nashville, New York —, IRA, FIRE Locations: Nashville, Savannah , Georgia, Savannah, New York
Julie Berninger, 35, and her husband used to save 70% of their income. Now, they spend over $25,000 a month on outsourcing aspects of their lives like cleaning, cooking, and transportation. However, Berninger said she's investing in the growth of her companies — and is spending a lot to do so. While at Amazon, she started selling digital products part-time on Etsy, as she wanted side income and opportunities to try different fields of work. AdvertisementShifting spending habitsIn 2023, she also founded Auros Agency, a boutique digital course creation agency with a similar business model.
Persons: Julie Berninger, Berninger, She's, Cody Berman, they've, doesn't Organizations: Service, Business, FIRE, Apple, Gold City Ventures, Auros Agency, BI
The insurance industry is setting homes on fire — just to make a point. The fires are controlled, kindled in a research lab or staged at training facilities used by fire departments. Across the United States, insurers lost $33 billion in 2023 on personal home and auto insurance, according to AM Best, a ratings agency for the industry. In California, where fires have consumed more than roughly 220,000 acres of land in just this year, major insurers like State Farm, Allstate and Farmers have all pulled back. Earlier this month, State Farm asked California’s insurance regulator to approve a 30 percent rate increase for the owner-occupied home insurance it still provides in the state.
Organizations: Farm, Allstate, Farmers Locations: Lahaina, Maui, United States, California
So when the couple learned about the FIRE movement in their mid-20s, it was music to their ears. They then tried to apply some of that information to their financial strategies. Over the past several years, the couple has grown their combined net worth to more than $800,000, according to documents viewed by BI. To make more money, Arsenault said they've "aggressively pushed for additional income." When their strategies generate extra money, the couple invests as much as possible in their 401(k) plans and low-cost index funds.
Persons: , Chrissy Arsenault, Ryan, didn't, Arsenault, who've, hasn't, Chrissy Arsenault Arsenault, they've, They've, They're, We've Organizations: Service, FIRE, Business, Facebook, BI Locations: Colorado, Costco, Indiana, Monument , Colorado, Fishers , Indiana
Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. But all four emphasized that their sacrifices and risks earlier in life may be the key to their financial stability down the road. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.
Persons: , Gen Z, they've, Cody Berman, Cody Berman Cody Berman, Berman, I'm, " Berman, Bosch, Louis, Roth, Amber Smith, Amber Smith Amber Smith, Smith, she's, Cory Sarkisian, Sarkisian, They've Organizations: Service, Transamerica Center, Retirement Studies, Business, Boeing, Navy, Nissan, Gold City Ventures, Bosch, eBay, Honda Civic, Roth IRA, Savings Locations: St, California, West Des Moines, San Diego, Hawaii, Connecticut, New Zealand
Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. Some said they don't intend on following the "retire early" part of the acronym and instead want to pursue their passions while making money doing so. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.
Persons: , Gen Z, they've, Cody Berman, Cody Berman Cody Berman, Berman, I'm, " Berman, Bosch, Louis, Roth, Amber Smith, Amber Smith Amber Smith, Smith, she's, Cory Sarkisian, Sarkisian, They've Organizations: Service, Transamerica Center, Retirement Studies, Business, Boeing, Navy, Nissan, Gold City Ventures, Bosch, eBay, Honda Civic, Roth IRA, Savings Locations: St, California, West Des Moines, San Diego, Hawaii, Connecticut, New Zealand
At least, according to Eve Best, the actor who's played Rhaenys for a season and a half on "House of the Dragon." Best as Princess Rhaenys in season two, episode four of "House of the Dragon." Advertisement"She deliberately, at the end of episode nine, chose not to start a nuclear war, very rightly," Best told BI. "Then it becomes an instruction, and it's then the final piece of guidance to Rhaenyra," Best told BI. "It has to be a sacrifice, because I feel that for Rhaenys, she's done everything to not have this war," Best told BI.
Persons: , Rhaenys Targaryen, Eve Best, who's, King, Ser Criston Cole, It's, Rhaenyra, Cole, it's Rhaenys, Grace, Rhaenys, Ollie Upton, HBO Rhaenys, King Aegon's, Daemon, Ryan Condal, Alicent, Lancelot, Ryan, She'd, she'd, Steve Toussaint, wasn't, Sarah Hess, it's, Meleys, Alan Taylor, doesn't, Ewan Mitchell, Aemond, Theo Whitman, Sunfyre, dracarys Organizations: Service, King Aegon, Business, HBO, Aegon Locations: Dragonstone, Westeros, dragonback, Meleys, what's
Read previewBeing part of the financially independent / retire early movement sounds like the dream. Members of the "FIRE" movement prioritize living frugally to save and invest as much of their income as possible, creating a huge nest egg that enables them to retire early. Longevity is also a buzzy topic, and research suggests that people who live longer tend to have a strong sense of purpose. As many people get this purpose from work and their careers, could retiring early be detrimental to our health? But she said that evidence suggests the potential benefits of working or retiring vary from person to person.
Persons: , Karen Glaser, Glaser, WHERL, Drazen Zigic Organizations: Service, Business, gerontology, Kings College London, University of Glasgow, Ageing, FIRE, Aging
We laid 10,000 flowers — one for each civilian in both Israel and Gaza who had been killed at that point. I work for a House Democrat who has endorsed Biden's plan for a negotiated, two-sided cease-fire — but that's absolutely not far enough. But I'm almost positive that the lawmaker I work for doesn't know, and that if they did, there would be genuine repercussions. AdvertisementWhen it's constituents saying this, I understand: They don't understand exactly how congressional offices work and they don't know how Congress functions. Pro-ceasefire staffers marching toward the House steps ahead of a vote on an Israel aid-related bill on May 16.
Persons: , Israel, We've, who've, Joe Biden, they're, they've, Biden's, we've, it's, Andrew Derek Strachan, haven't, Kent Nishimura Organizations: Service, Congressional Staff, Capitol, Business, United Nations Relief, Works Agency, House Democrat, State Department Locations: Gaza, Israel, Rafah
I work for a House Democrat who has endorsed Biden's plan for a negotiated, two-sided cease-fire — but that's absolutely not far enough. AdvertisementWhen it's constituents saying this, I understand: They don't understand exactly how congressional offices work, they don't know how Congress functions. We have seen an unprecedented influx of constituent sentiment in support of a cease-fire, and in some lawmakers' offices, that sentiment is not being listened to at the most senior level. You don't know who's going to step in and replace you in that job. You don't know if they're going to hire someone who just does not believe in the humanity of the Palestinian people.
Persons: , Israel, We've, who've, Joe Biden, they've, Biden's, we've, it's, Andrew Derek Strachan, haven't, Kent Nishimura Organizations: Service, Congressional Staff, Capitol Hill, Business, Capitol, United Nations Relief, Works Agency, House Democrat, Congressional, State Department Locations: Gaza, Israel, Rafah, Palestine
October, a speech-language pathologist for New York City Public Schools, started her journey toward financial independence a few years ago. October is one of many millennials who are working toward achieving financial independence, one of the main goals of the FIRE — financial independence, retire early — community. Some millennials who successfully achieved financial independence told BI that a traditional retirement is overrated. Advertisement"The whole time I've been thinking in terms of my financial independence as what I call single-player mode. She sees financial independence as an extension of her drive to fulfill passion projects.
Persons: , Shelly, she'll, she's, She's, millennials, They're, Scott Rieckens, Millennials, Oz Chen, he's, Oz Chen He's, hasn't, I'm, Chen, Gabriela Ariza, Ariza, David, Jill Pawley, Jilly Pawley, they'll, they've, It's, Jill Organizations: Service, New York City Public Schools, Business, Neighborhood Assistance Corporation of America Locations: Yonkers, New York City, Los Angeles, Illinois, Chicago, Rockford, Haiti, Michigan
Read previewIsraeli tank fire accidentally killed five Israel Defense Forces soldiers earlier this week, a military spokesperson said on Thursday. "There was an incident of friendly fire — five soldiers were killed," Shoshani said, adding that the incident was "under review," according to The New York Times. Gilad Aryeh Boim, one of the five soldiers killed in the friendly fire incident on Wednesday. In December, the IDF also said that it had accidentally killed three Israeli hostages after troops "mistakenly identified" them as threats. AdvertisementThe Marine Corps told Business Insider that The War Zone report had been accurately contextualized but declined to provide additional information.
Persons: , Nadav Shoshani, Shoshani, Gilad Aryeh Boim, Amir Levy, Simon Diggins, Michael Pruden, Guy Prives, Pruden Organizations: Service, Israel Defense Forces, The New York Times, Business, IDF's Paratroopers Brigade, IDF, Haaretz, Getty, Israeli Air Force, US, Corps Locations: Gaza, Israel, British
The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.
Persons: Nicholas Kristof, , Kristof, Gray Lady, Donald Trump, , James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, , Oregon, U.S, Gaza, Russia
Seven months into Israel’s war in Gaza, Muslim and Arab American leaders say their channels of communication with President Biden’s White House have largely broken down, leaving the administration without a politically valuable chorus of support for his significant shift on the conflict this week. Mr. Biden’s announcement that he had paused a shipment of 3,500 bombs to Israel and would not help with a ground invasion of Rafah was a sea change in U.S. policy that Arab American and Muslim leaders have demanded for months. “The president’s announcement is extremely overdue and horribly insufficient,” said Abbas Alawieh, one of the leaders of a protest-vote movement against Mr. Biden that began in Michigan this year. That would be significant.”Mr. Biden’s White House aides engaged in considerable outreach at the outset of the Democratic primary season, when the movement to cast protest votes in early states emerged as a surprising political headache. A cadre of high-level aides traveled to Dearborn, Mich., and Chicago to demonstrate their interest in listening, but Arab American leaders told them that without a momentous shift in U.S. policy — such as support for a permanent cease-fire — there was no need to keep talking.
Persons: Biden’s, , , Abbas Alawieh, Biden, Mr Organizations: Mr, Democratic Locations: Gaza, Muslim, Arab, Israel, Rafah, Michigan, Dearborn, Mich, Chicago
Israel Said Hamas’s Cease-Fire Proposal Fell Short
  + stars: | 2024-05-06 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Senior Hamas officials announced today that they had agreed to a cease-fire deal drawn up by Qatari and Egyptian mediators. But the proposal — which officials said included Israel’s complete withdrawal from Gaza during three 42-day phases of cease-fire — failed to meet Israeli demands. Many people began to leave, fearing that Israel was moving ahead with its long-planned invasion of Rafah despite stiff international pressure. By night, Israel carried out another round of what it called “targeted strikes” in Rafah. Hamas has called for a permanent cease-fire, effectively ending the seven-month war; Israel wants a temporary halt in fighting to allow for the exchange of hostages.
Persons: Israel’s, , , Israel Organizations: Hamas Locations: Gaza, Rafah, Israel
Within the course of mere days, hopes for a cease-fire in the Gaza Strip have been raised, dashed and raised again, with no clear explanation. Thursday, May 2A Hamas leader said that the group would soon send a delegation to Cairo to “complete ongoing discussions” on a cease-fire deal. Sunday, May 5The talks — which are held indirectly, through mediators — hit an impasse, and Hamas said its delegation had left Cairo. An Israeli official described the negotiations as in “crisis.”Late in the day, Hamas launched rockets at a border crossing between Gaza and Israel, killing four Israeli soldiers. Then it said would send a working-level delegation back to the talks in Cairo anyway.
Persons: Israel —, , Israel Organizations: Hamas Locations: Gaza, Gazan, Rafah, Cairo, , Israel, Egypt, Qatar
On a visit to Israel on Wednesday, Secretary of State Antony J. Blinken put the onus squarely on Hamas to accept the proposal. But Israeli officials have said, consistently and emphatically, that the offensive will take place. The number of Palestinians Israel is offering to free in exchange is unclear. More than 100 were released in a weeklong cease-fire in November, and Israeli officials say they believe that more than 30 — possibly many more — are dead. Gazan health officials say that Israel’s subsequent bombing and invasion have killed more than 34,000 people, and injured far more.
Persons: Osama Hamdan, Al Manar, , Antony J, Blinken, wouldn’t, , Yair Lapid, Benjamin Netanyahu, Mr, Hamdan, Biden, Netanyahu’s, ” Mr, Netanyahu, Israel Organizations: Israel, Hezbollah, Hamas, United Nations Locations: Jerusalem, Washington, Gaza, Lebanese, Israel, United States, Qatar, Egypt, Rafah, masse
College Democrats of America, the student organization of the Democratic Party, endorsed pro-Palestinian campus protests on Tuesday and called on President Biden to support a permanent cease-fire in Gaza. Overnight from Monday into Tuesday, protesters at Columbia took over a building on campus. “As College Democrats, we are committed to the re-election of President Biden and Democrats across down-ballot races in every corner of our nation,” the statement said. “We’re realizing that our duty as College Democrats is to be representatives of college students to the party, rather than vice versa,” Mr. Muralitharan said. And throughout the nation, we’re witnessing Joe Biden, Democrats across the ballot, losing scores of young voters over this issue.”The statement was written largely by the organization’s Muslim Caucus.
Persons: Biden, , “ MAGA, , Mr, , Netanyahu, Sunjay Muralitharan, ” Mr, Muralitharan, Joe Biden, Hasan Pyarali, Biden’s, Pyarali, Donald J, Trump, won’t, Joshua Martin, you’re, we’re, Martin, Indiana University —, Organizations: Democrats of America, Democratic Party, College Democrats, Columbia University, Students, Columbia, Protesters, Portland State University and California State Polytechnic University, Humboldt, “ MAGA Republicans, Jewish, , Democratic National Committee, University of California, Muslim Caucus, Wake Forest University, Mr, College Democrats ’, University of Houston, Hamas, College Democrats of, Yale, New York University, Indiana University Locations: Gaza, United States, Israel, San Diego, Palestine, Biden’s Israel, College Democrats of America
College Democrats of America, the student organization of the Democratic Party, endorsed pro-Palestinian campus protests on Tuesday and called on President Biden to support a permanent cease-fire in Gaza. It was a striking rebuke from an organization that has historically worked in tandem with the Democratic Party and whoever leads it. “As College Democrats, we are committed to the re-election of President Biden and Democrats across down-ballot races in every corner of our nation,” the statement said. “We’re realizing that our duty as College Democrats is to be representatives of college students to the party, rather than vice versa,” Mr. Muralitharan said. “As it stands right now, young people starkly differ on the issue of Palestine/Israel from the Democratic Party apparatus.
Persons: Biden, , “ MAGA, , Mr, , Netanyahu, Sunjay Muralitharan, ” Mr, Muralitharan, Joe Biden, Hasan Pyarali, Biden’s, Pyarali, Donald J, Trump, won’t Organizations: Democrats of America, Democratic Party, College Democrats, Columbia University, Students, Columbia, Protesters, Portland State University and California State Polytechnic University, Humboldt, “ MAGA Republicans, Jewish, , Democratic National Committee, University of California, Muslim Caucus, Wake Forest University, Mr Locations: Gaza, United States, Israel, San Diego, Palestine, Biden’s Israel
On the front line in east and south Ukraine, reports say the situation is increasingly desperate, with Russia outfiring Ukraine at a rate of three to one. Senior Ukrainian military officials, talking to Politico, said that Russia could break through wherever it focuses its anticipated summer offensive. AdvertisementThe role of the WestUkraine is on a "starvation diet" for aid, George Barros, an expert at the Institute for the Study of War, told BI. Anadolu/Getty ImagesAnalysts also say that weaknesses in Russia's military are limiting the Kremlin's ability to take advantage of the situation. "For Ukraine to suffer total defeat, we'd need to see a major collapse in Ukrainian lines and morale," he said.
Persons: , Volodymyr Zelenskyy, Zelenskyy, Dmytro Kuleba, Bryden Spurling, George Barros, BI's Sinéad Baker, Barros, ATACMS, Klaus, Dietmar Gabbert, we've, Justin Bronk, Ukraine —, Politico —, Mykola Bielieskov, Spurling, George Beebe, Beebe, Ukraine it's, ferociously Organizations: Service, Republicans, Business, Patriots, Politico, Russia outfiring, Ukrainian, RAND Corporation, AP, US State Department, Institute for, Leopard, Getty, London's Royal United Services Institute, Ukraine, National Institute for Strategic Studies, Fleet, Anadolu Locations: Russian, Ukraine, Russia, Russia outfiring Ukraine, Iran, North Korea, West Ukraine, Avdiivka, Zaporizhzhia, Ukrainian, NATO, Kyiv, Avdiivkva, Dnipro
In his annual letter to JPMorgan shareholders, Jamie Dimon rang the alarm on geopolitical tensions. The bank's CEO said investors were too optimistic about inflation, interest rates, and the economy. AdvertisementJamie Dimon is deeply concerned about international relations — and worries investors are too optimistic about threats such as inflation, interest rates, and recession. AdvertisementIndeed, Dimon said JPMorgan was ready for rates of 2% to 8% or even higher. He flagged the possibility of stagflation, which could usher in higher rates, large credit losses, a slump in business volumes, and tough markets.
Persons: Jamie Dimon, , Dimon, Sharp, he's Organizations: JPMorgan, Service, Federal, Wall Locations: Ukraine, China
I think a lot of times, companies start by immediately bringing in diverse talent. To be able to fill all these future roles — even with AI — you're going to have to tap into diverse talent. I can't just show up at Georgia Tech and expect all the diverse talent to want to come to my organization. A false narrative is the talent just isn't there, or you're too small to attract the talent. Whatever the love language is for your company, grasp that and utilize that to push DEI forward.
Persons: Sharawn Tipton, hasn't, you've, George Floyd, that's, Let's, It's, , That's Organizations: Micron Technology, College, , National Society of Black Engineers, Society of Hispanic Professional Engineers, Georgia Tech Locations: San Francisco, Tech
You may have spotted stars including Billie Eilish and Mark Ruffalo wearing red pins at the 2024 Oscars. Mark Ruffalo and Rami Youssef also spoke out against the ongoing conflict on the Oscars' red carpet. AdvertisementStars including Billie Eilish and Mark Ruffalo wore red pins to the 2024 Oscars to show their support for a cease-fire in Gaza. "Anatomy of a Fall" stars Milo Machado-Graner and Swann Arlaud also wore pins to the Oscars, but theirs featured the Palestinian flag. "Poor Things" Mark Ruffalo and Ramy Youssef with their red pins at the 2024 Oscars.
Persons: Billie Eilish, Mark Ruffalo, Rami Youssef, , Israel, Artist4Ceasefire, Bradley Cooper, Florence Pugh, Kirsten Dunst, Mahershala Ali, Ava DuVernay, Eugene Lee Yang, Caroline Polachek, Ramy Youssef, Eilish, Finneas, Misan Harriman, Kaouther Ben Hania, Milo Machado, Graner, Swann Arlaud, Jonathan Glazer, Ruffalo, Rodin Eckenroth, Youssef, , qxqSOgif3j Organizations: Service, Guild, America, Los Angeles Times, Dolby Theatre, Variety Locations: Gaza, Israel, Palestine, Southern Israel, Dua Lipa, Los Angeles, Highland
In comparison to other POW camps under German control, captives at Stalag Luft III received “excellent” treatment for the majority of the war, according to a 1944 US Military Intelligence Service (MIS) report. The rubber from such items would wrap around the core and then be cased within leather stripped from shoes — a process eerily reminiscent of “featheries,” some of the earliest post-wooden golf balls ever made. Immortalized in a book and then a film of the same name, what became known as the “The Great Escape” wasn’t even the first breakout at Stalag Luft III. When three prisoners made a successful escape, suspicious German eyes homed in on the golf course and its sprawling mounds and greens. In 1979, he donated two balls he made while in Stalag Luft III to the USGA Golf Museum, artifacts that headline its exhibit on golf during the Second World War.
Persons: — “, Stalag Luft, , , , John Strege, Pat Ward, Thomas, Victoria Nenno, ” Nenno, Tee, Sydney Smith, Smith, Ward, John Mummert, Thomas ’, Sagan, Stalag, Roger Bushell’s, Tom, ” “ Dick, Harry ” —, Adolf Hitler Organizations: CNN, Luftwaffe, British Royal Air Force, RAF, United States Army Air Force, Military Intelligence Service, Geneva Convention, USGA Golf, PGA, Stalag Luft, USGA Museum, Ward, Thomas, USGA, RAF Squadron, Guardian, USGA Golf Museum Locations: Nazi Germany, Berlin, Zagan, Poland, Norway, New Zealand, Geneva, Netherlands, New Jersey, Ward, Germany, , England
Xcel Energy facilities "appear to have been involved in an ignition" of a giant wildfire that's been blazing across the Texas Panhandle since last month, the company said in a statement Thursday. The cause of the Smokehouse Creek Fire — the biggest in state history, burning well over 1 million acres — is still under investigation by Texas officials, but the utility company said it is also conducting its own review. "Xcel Energy disputes claims that it acted negligently in maintaining and operating its infrastructure; however, we encourage people who had property destroyed by or livestock lost in the Smokehouse Creek fire to submit a claim to Xcel Energy through our claims process," the statement said. Claims filed to the company will be handled expeditiously, prioritizing those who lost their homes in the fire, the company said. The Texas A&M Forest Service said the ongoing Smokehouse Creek Fire is the largest blaze in state history, burning more than 1,059,570 acres.
Organizations: Xcel Energy, Texas Panhandle, Energy, Texas, M Forest Service Locations: Texas
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