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☆ One TikTok at a time: How Kyla Scanlon is making finance fun
▼ + stars: | 2023-06-17 | by ( Lina Hassen | ) www.cnbc.com time to read: +1 min

She's considered an influencer who uses TikTok, Instagram and YouTube to make financial education fun for young audiences. Kyla Scanlon, 26, is a former options trader and the founder of Bread, a company that produces videos and skits that go viral. "I'll pretend to be [Federal Reserve Chair] Jerome Powell [or] pretend to be different stocks," Scanlon told CNBC's "ETF Edge" this week. I can look at that and laugh' ... That really humanizes finance and brings people in in a way they wouldn't normally expect." As of late this week, Scanlon has almost 166,000 followers on TikTok, more than 156,000 on Twitter and 28,000 YouTube subscribers.

Persons: She's, Kyla Scanlon, Jerome Powell, Scanlon, CNBC's Organizations: YouTube, Federal Reserve

☆ A 'fabulously gay' lifestyle put them $51,000 in debt. Now their net worth is over $1 million
▼ + stars: | 2023-06-17 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Instead, they had $51,000 in credit card debt and a lease on a basement apartment in Denver, Colorado. But one line item proved particularly shocking: interest charges from their credit card balance. It took the Auten-Schneiders less than three years to pay down $51,000 in credit card debt. Courtesy of Debt Free GuysThe couple used a 0% balance transfer to eliminate interest payments and stopped using credit altogether. Nearly everything they saved, they funneled toward paying down their credit card debt.

Persons: John Schneider, David Auten, they'd, Schneider, Auten, You'd Locations: Denver , Colorado, autopay

☆ I rent out my car on Turo and now it pays for itself. Here's how I got started and stay booked.
▼ + stars: | 2023-05-18 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

Nate Matos is a Turo host based in Miami. He started by renting his own car on the platform, then bought a second vehicle just for renting. I decided to become a Turo host after listening to Earn Your Leisure, a financial education podcast, about two years ago. The podcast brings on a lot of guests to speak about different aspects of business, finance, and entrepreneurship, and I saw an episode with someone who was sharing his experience with Turo car rentals. I did make some mistakes on Turo initiallyFor example, at first, I had both of my cars on Turo.

☆ How Much Rent Can I Afford?
▼ + stars: | 2023-05-11 | by ( ) www.wsj.com time to read: +7 min

Paying too much in rent could leave you struggling to pay your other bills or unable to save for the future. Here’s how financial planners say you can make sure your rent is in line with your income and goals. Experts we spoke to recommend keeping rent costs below 25% to 30% of your monthly income. Another factor to consider is whether spending a little more on rent could help you save on other costs. When it makes sense to spend lessIt can make sense to spend less than 30% of your net income on rent if you have other large expenses.

Persons: Kevin J, Ryan, isn’t, “, ”, Christopher Lyman, James Guarino, Baker Newman Noyes, Guarino, Garrett Sorensen, Akeiva, Ellis, Sorensen, you’re, it’s Organizations: Financial Advisors, ”, Utilities Locations: Newtown, Penn, Woburn , Mass, Boston , New York, San Francisco, Old Hickory, Tenn, Natick, Mass

St. Louis Community Credit Union Regular Savings Account Learn more St. Louis Community Credit Union, NCUA insured. How St. Louis Community Credit Union Accounts Compare St. Louis Community Credit Union Regular Savings AccountSt. Louis Community Credit Union Interest (Gold) Checking AccountSt. Louis Community Credit Union Money Market AccountSt. Louis Community Credit Union Share Certificate Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. St. Louis Community Credit Union Interest (Gold) Checking Account Learn more St. Louis Community Credit Union, NCUA insured. St. Louis Community Credit Union Money Market Account Learn more St. Louis Community Credit Union, NCUA insured. St. Louis Community Credit Union vs. First Community Credit UnionYou'll prefer St. Louis Community if you want to support a Black-owned institution.

☆ Personal finance expert 'The Budgetnista' shares 2 common money mistakes holding people back from building wealth
▼ + stars: | 2023-05-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

She wound up in credit card debt and eventually lost her home to the bank. Between her own lived experiences and now having coached so many individuals, two money mistakes stand out as the most common — and detrimental to building wealth. The second common money mistake Aliche has observed over time is that, "people don't get started because they're overwhelmed. She's been there, she said: "I thought, there's no way I can pay off $35,000 in credit card debt. While it's important to learn from financial mistakes, try not to dwell on them, she added: "People are too hard on themselves.

☆ The 'Budgetnista' who lost her job and her home before building a 7-figure net worth shares 2 strategies anyone can use to start earning more money
▼ + stars: | 2023-05-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Tiffany "The Budgetnista" Aliche lost her job and her home during the Great Recession. If you want to earn more money, start by evaluating your current job, she advised. You have to earn your way to wealth," said Aliche. If you work a 9-to-5 job, start there, encouraged Aliche. That's exactly what she did after she lost her teaching job and was looking for side hustles to help pay the bills.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you. Methodology: How we chose the best personal loans without origination feesWe rate all personal loan products in our reviews and guides on a 1-5 scale.

☆ This 44-year-old founder and CEO is stepping down to go on a 3-year religious mission. 'I feel such confidence that this is the right thing.'
▼ + stars: | 2023-04-30 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +11 min

Davis Smith founded Cotopaxi, an outdoor gear company and certified B Corporation, in 2014. In July, he will step down as CEO to go on a 3-year religious mission in Brazil. Damien Huang, Cotopaxi's president who joined the company from Eddie Bauer, where he was CEO, will move into the role. "But I feel such confidence that this is the right thing." And we don't do that by isolating ourselves or saying, "We're better than you," or "You're not doing it right."

☆ Earn Your Leisure co-founders on the importance of financial literacy
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarn Your Leisure co-founders on the importance of financial literacyTroy Millings and Rashad Bilal, Co-Founders of Earn Your Leisure, discuss their organization's impact on financial education.

I love writing about personal finance, but personal responsibility isn't the be-all and end-all. How disability shapes my family's finances »Demographic disparities persist through educationLike all areas of education, financial education suffers from disparities in school funding, which exacerbate racial inequality. As one instructor told the USBE auditors, "Financial literacy is critical to the financial wellbeing of our country. Financial education is under-resourced and undersupportedThe problems with financial education aren't surprising, given the lack of attention the subject receives from decision-makers. I'm glad I ignored mainstream financial advice »Financial literacy needs to include our history of inequalityPersonal finance media, gurus, and educators love to tout financial literacy as the missing puzzle piece to the American dream.

☆ The No. 1 mistake this self-made millionaire sees first-time investors make: Your money is in 'financial purgatory’
▼ + stars: | 2023-04-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

However, there's a common mistake she sees many beginners make: not actually investing their money. "If you just put your money into something like a Roth IRA or a 401(k), it's in financial purgatory," she says. After setting up your Roth IRA with an online broker and making contributions to the account, investors need to actually invest that money in something, such as an index fund or a target-date fund. "It's like a gift card," Dunlap explains. "You put money on a gift card and then you have to go buy things."

☆ A personal finance expert who teaches people how to get out of debt shares the 4 smartest steps she took to pay down $35,000 worth of credit card debt in 2.5 years
▼ + stars: | 2023-04-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Tiffany Aliche found herself in $35,000 worth of credit card debt, she took four initial steps. What's more, "I had $35,000 in credit card debt as a result of a scam," she said. "The credit card debt was significantly more expensive than any other debt that I had, which is true for most people," she noted. The average credit card interest rate was 20.40% in the fourth quarter of 2022. Here are the first four steps she took to tackle her credit card debt.

☆ Push for personal finance as a graduation requirement
▼ + stars: | 2023-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPush for personal finance as a graduation requirementMore states are requiring financial education in high school. But the majority of students in the U.S. don't have to take a personal finance class. CNBC's Senior Personal Finance Correspondent Sharon Epperson visited a small high school in Vermont where they do.

☆ Op-ed: Want a stronger economy? Start by teaching personal finance to teachers
▼ + stars: | 2023-04-20 | by ( Rebecca Patterson | Chair Of The Board Of The Council For Economic Education | Former Chief Investment Strategist At Bridgewater Associates | ) www.cnbc.com time to read: +2 min

While U.S. voters are divided on many issues today, there are at least two where they can agree: They want a stronger economy and better education. The good news for policymakers is that there is a simple way to make voters happier on both fronts: They can increase the number of states requiring K-12 financial education. Currently, only half of the states in the U.S. require at least one course in either economics or personal finance for high-school graduation, according to data from the Council for Economic Education. Given that consumption represents some two-thirds of the overall U.S. economy, this frequent absence of financial capability can have significant consequences. Consider a few examples:Research published in the October 2020 Economics of Education Review concluded that "financial education requirements are associated with fewer defaults and higher credit scores among young adults."

☆ 18 states require personal finance education in schools—here's what they're teaching kids about money
▼ + stars: | 2023-04-13 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

As of this year, 18 states guarantee some form of personal finance education before students graduate, according to Next Gen Personal Finance (NGPF), a nonprofit that provides educational resources and advocates for financial literacy in schools. Personal finance is a huge umbrella. Setting the standardsWhen it comes to mandating personal finance education, it's not as simple as legislators or school boards agreeing that there need to be courses available. The National Council for Economic Education identifies six critical topic areas in their personal finance standards: Earning incomeSpendingSavingInvestingManaging creditManaging risk Developing the local standards can come down to "whoever's in the room," according to Chris Cannon, chief program officer at the Georgia Council on Economic Education, who worked on Georgia's personal finance education standards. NGPF also works on the policy side to help ensure when states are mandating personal finance education, they're doing so effectively.

☆ Scoot Henderson on being a projected top pick in the 2023 NBA draft and his endorsement deal with Puma
▼ + stars: | 2023-04-10 | by ( John Lynch | ) www.businessinsider.com time to read: +10 min

Scoot Henderson is projected to be one of the top draft picks in the 2023 NBA Draft. So, you know, I'm just blessed that I came here and made the right decision. So I knew it was gonna be pretty tough, and I knew I was gonna really develop from it at a high level. And, uh, like I said, like I'm gonna keep saying, I'm blessed that I came here. And Puma, they gave me that confidence that I needed in a group, and in a brand like Puma, man.

☆ 'Black wealth matters': How a millennial is helping his community build wealth through education
▼ + stars: | 2023-04-05 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +7 min

Learning the tricks of the tradeMac's wake-up call to start investing came early in his undergraduate career. "That was the one thing that opened my eyes and my curiosity and made me say, 'OK, I want to start investing.'" His interest in investing and wealth management eventually led him to a career on Wall Street. Making music as the "Wall Street Rapper," Mac began fusing the worlds he'd come to know so well: Black and urban hip-hop culture with Wall Street financial know-how. Mac adopted the slogan "Black wealth matters" to bring attention to the idea that economic empowerment is a major step toward equality for Black Americans.

☆ Most adults make this simple money mistake, and it’s hurting their financial well-being
▼ + stars: | 2023-04-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

These days, most Americans are stressed about money. And yet, when it comes to budgeting, saving and managing debt, many get some simple fundamentals wrong. Not only can carrying a balance lower your credit score, but sky-high annual percentage rates also make credit cards one of the most expensive ways to borrow money. More often, Americans are unsure, especially when pervasive money myths get in the way of good credit habits. While there is an important role for schools to play, a financial education should begin at home.

☆ Companies are investing in programs that support their employees' financial education
▼ + stars: | 2023-04-03 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies are investing in programs that support their employees' financial educationCNBC's Sharon Epperson joins 'The Exchange' to discuss companies introducing financial literacy assistance programs for their employees, the power of financial literacy, and making financial education more accessible and available.

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Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. See our full ratings methodology for personal loans »Best personal loans without origination fees LightStream Personal LoanSoFi Personal LoanDiscover Personal LoanWells Fargo Personal LoanPenFed Credit Union Personal LoanUSAA Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you.

☆ Two millennial founders share how they invest in real estate for financial stability while building their own businesses
▼ + stars: | 2023-03-24 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Real-estate investments can help business owners find financial stability if done correctly. Two founders revealed how they invest in real estate for extra income. Rowan didn't go on a homebuying spree, but is slowing adding to her real-estate investments. It's OK to start smallRowan said her slow approach to real-estate investing is attractive to millennials, who have a lower rate of homeownership compared to previous generations. "If you're investing $100, you're not going to make a huge return, but you're still going to make the same percentage as the person that invested $100,000," she previously told Insider.

See Insider's picks for the best mortgage lenders »Insider's Featured Mortgage Lenders Rocket Mortgage by Quicken LoansAmeriSave Mortgage Corporation MortgagesNew American Funding Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Only a handful of US states require financial education in high schools, and those requirements are thin. The Consumer Financial Protection Bureau has free, easy-to-navigate content about tons of financial products, including mortgages. The Consumer Financial Protection Bureau has free, easy-to-navigate content about tons of financial products, including mortgages. There's a dearth of consumer education built into our financial systems (likely by design).

☆ Adam Taggert's financial advice YouTube channel Wealthion has exploded to a monthly viewership in the millions in under 2 years. He explains why he's had such quick success — and what's next for the b
▼ + stars: | 2023-03-08 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Adam Taggart founded the YouTube channel Wealthion in April 2021. Adam Taggart, the founder of the financial education YouTube channel Wealthion, considers himself in a similar spot in the financial media landscape. Financial television outlets, he believes, aren't offering viewers the kind of mentally-nourishing content he thinks they need. But again, Taggart thinks his greatest strength is in providing a product that he believes viewers have a hard time finding elsewhere. "Wealthion was really born out of a desire to help the average American build wealth in a system that's kind of stacked against them," he said.

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