DIRS.INFO The most relevant business & tech news

☆ Here are 3 reasons you can’t stop comparing yourself financially to others, says bestselling author
▼ + stars: | 2023-08-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Easy access to credit Readily available lines of credit may encourage consumers to live up to standards that are not economically feasible, said Thakor. Credit card balances are up almost 20% from a year ago, according to a quarterly credit industry insights report from TransUnion. Social media "Social media puts everything on steroids," said Thakor. People who consume social media are often exposed to content that shows images of people they may know, or from influencers, that make them feel, quite often, inadequate. Remember that social media can be misleading "The bottom line is we are inundated with misinformation around how people become wealthy and how wealthy people spend their money," he said.

Persons: Jennifer Aniston, Rachel Green, Matt LeBlanc, Joey Tribbiani, David Schwimmer, Ross Geller, Lisa Kudrow, Phoebe Buffay, Hannigan, Matthew Perry, Chandler Bing, Courteney Cox, Monica Geller, Bing, Thakor, They've, Credit Karma, Bradley T, Klontz, Juan Algar Organizations: NBCU, Credit, YMW Advisors, CNBC Locations: New York, TransUnion, influencers, Boulder , Colorado

☆ I run a tiny-home community in Texas for women fleeing toxic relationships
▼ + stars: | 2023-08-01 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Needing a way to support herself financially, she opened her own tiny-home village in 2019. After a few let downs, I heard about a gentleman from Decatur, Texas, who was building a tiny-home village and charging people $450 to rent land. The Bird's Nest tiny-home village. I created The Bird's Nest to support women that are in needThe Bird's Nest logo. Courtesy of Robyn YerianThe Bird's Nest focuses on empowering womenIn June, The Bird's Nest hosted its first-ever builder workshop.

Persons: Robyn Yerian, —, houser, I'm, I've, It's Organizations: Service Locations: Wall, Silicon, Cumby , Texas, Colorado Springs, Decatur , Texas, Decatur, Cumby

☆ A property investor in Boulder who went from a college student with zero savings to financially independent explains how she used Airbnb as 'real-estate training wheels' to get started
▼ + stars: | 2023-08-01 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

But she was able to get her foot in the door by starting with Airbnb and renting her apartment. Eventually, the money she made doing short-term rentals helped her afford her first property. But it wasn't enough to build up savings of any kind, let alone buy a property of her own. She wouldn't have had the confidence to buy an investment property had she not started with Airbnb, she noted. That said, "a lot of states are still allowing people to do short-term rentals," she explained.

Persons: Zeona McIntyre, Airbnb, McIntyre, I'd, I've, It's, wasn't, there's Organizations: New, Airbnb Locations: New York City, Boulder , Colorado, Boulder, Airbnb, That's, Honolulu, Aspen , Colorado

☆ Avoid these 5 money red flags if you want to grow your wealth
▼ + stars: | 2023-07-19 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +7 min

Here are five red flags money experts see when creating financial plans for their clients, and what to look out for if you want to be smarter with your own money. Plus, young people may be especially susceptible to overspending, Emily Safford, a certified financial planner and wealth advisor at Girard, a Univest Wealth Division, based in Pennsylvania, tells CNBC Make It. "[Credit card debt] can snowball and get out of hand very quickly and when you're young, you're putting yourself at a real disadvantage moving forward." "If you're not feeling confident and you're feeling overwhelmed, that's a perfect time to seek out the assistance of a planner," VanderLinde says. But beware: You may spot a number of red flags when looking for the right financial professional.

Persons: Emily Safford, Girard, Safford, Annette VanderLinde, VanderLinde, they're, you'll, you've, Fernando Reyes, they've, Reyes, that's, It's, Procrastinating Organizations: CNBC, Liberty Wealth Advisors, Prime Capital Investment Advisors Company, Wealth Locations: Pennsylvania, Torrance , California

☆ How much income would you need to feel rich? Here's the answer Americans surveyed gave
▼ + stars: | 2023-07-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

CNN —They are age-old questions: How much do you need to feel financially secure? How much would you need to feel rich? More than 2,500 US adults said they would need to earn, on average, $233,000 a year to feel financially secure and $483,000 annually to feel rich or to attain financial freedom, according to a new survey from Bankrate. Plus, a big income isn’t necessarily a guarantee of financial security if you’re living paycheck to paycheck, not saving much and carrying big debts. In Bankrate’s survey 72% of respondents said they did not currently feel financially secure, although 46% said they expect to someday.

Persons: you’re Organizations: CNN, Census Bureau, Employers Locations: Bankrate

☆ A 37-year-old immigrant who started with 'zero credit' and couldn't get a mortgage when he moved to New York explains how he built a 4-property portfolio that's helped him achieve financial independen
▼ + stars: | 2023-04-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Atif Afzal moved to the US in 2018, he didn't have a credit score and had to start from scratch. His lack of credit became a problem when he wanted to buy a home, so he saved up to buy it in cash. When Atif Afzal moved from India to upstate New York in 2018, he didn't have a credit score. Unable to secure a mortgage, he decided to buy his first property with cash. When he first decided to buy property, "my priority was selecting an awesome location," he said.

☆ A 28-year-old financially independent real estate investor explains the 'most inexpensive way to buy real estate' and how to score low down payments
▼ + stars: | 2023-03-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Durham-based real estate investor Avery Heilbron owns 5 properties on his own and co-owns one. He afforded his first place by house hacking and says it's "the most inexpensive way to buy real estate." What allowed him to go from an average earner in America to above-average was real estate investing. Kai Anderson's book "Retire on Real Estate" was what originally nudged him in the direction of owning property, he said. "There are a lot of ways to get into real estate without actually using a lot of money," Heilbron emphasized.

Black families face unique, racist barriers to creating wealth, from homeownership to business ownership, says Salene Hitchcock-Gear, president of individual life insurance at Prudential. To work towards closing the racial wealth gap and building generational wealth for Black Americans, it's important to understand what obstacles stand in the way. Black Americans face lower median credit scoresWhile the credit scoring system was created to take the bias out of lending, it's become yet another hurdle that prevents many Black Americans from building wealth. The bottom lineAfter many generations of being excluded from wealth-building, Black Americans still face a unique set of challenges stemming from racial discrimination. However, making homebuying and financial literacy more accessible could start to narrow the wide racial wealth gap in the US, and help Black families build generational wealth.

Disability Insurance Is Available at All Wage LevelsYou should opt for disability insurance if you're the sole earner in your family. Disability Insurance Can Help Parents Pay BillsWorkers with children should also consider disability insurance. Disability Insurance Is Also for Self-Employed WorkersSelf-employed workers or own small business owners may disregard the need for disability insurance. Disability Insurance Can Help with Nagging InjuriesDid you know just 14% of Americans have disability insurance? Disability insurance is one way to shield yourself financially to make wise decisions before a nagging backache becomes a permanent disability.

☆ To get your tax refund as quickly as possible, follow this rule of thumb, says CPA
▼ + stars: | 2023-01-31 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Employers have until January 31 each year to file tax documents such as Form W-2 with the IRS and furnish employees with copies. You'll get your refund faster … or find out earlier if you oweThe earlier you file, the sooner you'll get your refund. "Taxpayers should prepare to file electronically and choose Direct Deposit for their tax refund — it's the fastest and safest way to file and get a refund," according to recent IRS taxpayer guidance. If you're hit with a surprise tax bill, you're better off knowing as soon as possible, says Vande Guchte. You're less likely to get your tax refund stolen

☆ How to earn more money and increase your income through side hustles, according to 5 early retirees and entrepreneurs who have done it
▼ + stars: | 2022-12-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Insider spoke with entrepreneurs and early retirees about the lucrative side hustles they started. Below, Insider rounded up various side-hustle ideas from entrepreneurs and early retirees who found ways to diversify their income. Shan Shan Fu started selling face masks on Amazon and turned it into a robust e-commerce businessShan Shan Fu sells socks and tights (including the ones pictured) online. Courtesy of Shan Shan FuWhen the Covid-19 pandemic sent the US under lockdown in the spring of 2020, Shan Shan Fu had a lot of free time after work. She launched her e-commerce company, Millennials In Motion, in April 2020 and immediately started making money.

☆ 4 real estate investors agree that mortgage interest rates are 'not that high' and explain why 2023 could actually be a great time to buy property
▼ + stars: | 2022-12-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

A handful of successful real estate investors agree that mortgage interest rates aren't too high. A handful of successful real estate investors agree: Stop waiting for interest rates to go down before investing in a rental property or buying a primary residence. In the grand scheme of things, today's rates are "not that high," emphasized Massachusetts-based real estate investor and consultant Dana Bull. Here's what Bull and three other successful real estate investors advise heading into 2023. When you focus on making the numbers work for you and getting a great cash-on-cash return, things like rising interest rates don't matter as much, he added: "I don't care if interest rates are 7%, 9% or 11%.

All told, between her properties and her retirement savings, Grant has a net worth of about $835,000. Boosting her income and supercharging her savingsDetermined to start making more money, Grant enrolled at the Community College of Denver at 25. She bounced around jobs for a bit before finding her first gig making "real" money at 29. Even though her partner, a Canadian, is waiting on a U.S. visa and can't currently work, they still manage to stash nearly 70% of Grant's income. Theoretically, Grant's real estate income alone is enough to cover her living expenses, which makes her job dispensable.

☆ 10 successful side hustlers share the books that helped them start making money
▼ + stars: | 2022-11-25 | by ( Jessica Stillman | ) www.businessinsider.com time to read: +2 min

Rising inflation is pushing people to look for creative, flexible ways to make money. These books offer actionable steps to transform your passion project into real cash. They also address mindset and motivation, which can also be obstacles to a lucrative side hustle. Back in June, USA Today reported on two surveys from early in the pandemic that found large numbers of adults seeking side gigs. Those who've successfully made the leap to working for themselves and now help others find lucrative ways to make money on the side, including coaches and authors, insist books can help.

☆ How to achieve financial freedom, according to 11 couples and individuals under 40 who've done it
▼ + stars: | 2022-09-26 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

For many people, financial freedom means being able to retire early and work only by choice. He believes that real estate is the most tried-and-true way to build wealth, but he also invests in the stock market. If you want to achieve financial freedom and retire early, put in the hours, he advised. "As long as you can live within your means, and you understand your basic necessities, then it's very possible to create financial freedom." "Entrepreneurship has really accelerated our own path to financial freedom, which I would say we have achieved."

☆ A 26-year-old financially independent entrepreneur shares the 3 keys to success that helped him build a multi-million dollar company
▼ + stars: | 2022-09-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Before the company took off, he adhered to "success rules" that helped him push through low points. In 2016, Uboh and his future business partner, Aubrey Evins, started Premier Medical Supply Company in his home state of Georgia. Uboh bet on himself and won big: Today, JUBOH is a multi-million dollar company, which Insider verified, and Uboh considers himself financially independent. Before the company took off, he adhered to three "success rules" that helped him push through the low points. Once you achieve some level of success, don't bask in it, Uboh added: "Success doesn't create success; habits do.

☆ How to build wealth from real estate investing, according to 7 couples and individuals who have done it
▼ + stars: | 2022-09-23 | by ( Business Insider | ) www.businessinsider.com time to read: +10 min

With patience and the right strategies, real estate investing can be a path to financial freedom. Several people who have used real estate to build wealth told us how they got started. Insider spoke to individuals, including Zuber, who have used real estate as a tool to build long-term wealth. When he was in high school, "I found online that 90% of all millionaires became so through owning real estate." From that point on, he decided that real estate would one day be his path to wealth.

☆ A 26-year-old entrepreneur built a multi-million dollar business doing government contract work out of his parents' basement. Now, he and his fiancée are completing a new 250-home development in the s
▼ + stars: | 2022-09-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

The couple now work together full-time on the company Uboh started back in 2015, JUBOH Companies, from his parents' basement. One of the first companies Uboh started was an an ecommerce drop shipping company. "I started early. Courtesy of JUBOH CompaniesUboh and Carter, who started working with his team full-time in 2020, are now finishing a 250-home development called Somerset Hills in Fairburn, Georgia. He started early and he started small: with a candy business in grade school and, later, with a lawnmower that cost a couple hundred bucks.

Search resuls for: "Self Financial"

19 mentions found