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☆ I'm an Airbnb multimillionaire. Here's why I'm optimistic about the platform in 2023, and my best advice for renters to weather the economy.
▼ + stars: | 2022-12-30 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Chris Choi, a self-made Airbnb multimillionaire and real-estate investor from California. And class C listings are usually one- to two-bedroom apartments, with nightly rates ranging from $100 to $250. Meanwhile, I've noticed that bookings for my class C and B properties have decreased in recent months. If not, they should focus on targeting business travelers with class B or C properties, which I'll get into a bit later. Instead of choosing your next Airbnb near Disneyland or national parks, I would focus on locations that will accommodate business travel — in other words, metropolitan areas.

☆ Cramer: What I learned about investing from the first millionaire I met as a kid
▼ + stars: | 2022-12-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

He didn't talk much on the drive in, just listened to call-in radio shows and then the opera, the Metropolitan Opera, brought to you by Texaco. And if you ran out of those, you might have to close on one of the most important business days leading up to Christmas. But Mr. Paul was a supplier, a decent man, and most importantly a retired Marine Corps colonel. One day Pop asked me to summon up the courage and ask Mr. Paul to show him his stock ledger. Mr. Paul, in short, was a millionaire.

☆ An Ohio real-estate investor who boasted about his home-flipping portfolio on TikTok is projecting a $30,000 loss on one deal — and issued a somber warning to anyone trying to best the housing market
▼ + stars: | 2022-11-20 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Austin Rutherford told his 700,000 followers he will likely take a loss on a recent flip in Ohio. Real estate investor Austin Rutherford, who has over 700,000 followers on TikTok, has talked at length about the opportunities for wealth in real estate investing since the start of the pandemic. But, in a recent video, he breaks down how his latest deal will likely result in a $30,000 loss. The iBuyer firm OpenDoor has been losing money on homes in pandemic real estate hotspots Austin, Atlanta, and Phoenix. Flippers see home values slidingA Pickerington, Ohio house that Rutherford predicts will take a loss in this tough market.

☆ So you won the lottery. What now?
▼ + stars: | 2022-11-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN Business —So, you won the lottery. Before you broadcast your sudden windfall to the world, and even before you contact lottery officials, you’ll be wise to surround yourself with a team of lawyers and financial advisers. Make copies of both sides of your lottery ticket, and then lock it up somewhere only you can access it. But there’s one big piece of the lottery puzzle that you can’t farm out to lawyers, and that’s your mental health. “The curse of the lottery losers is very real,” Andrew Stoltmann, a lawyer who has represented lottery winners, told CNBC.

☆ Ancient Greek artifacts go on display for first time, amid protests
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +3 min

[1/5] A visitor takes a picture of a marble Cycladic female figurine, during the opening of the exhibition ''Homecoming. Cycladic treasures on their return journey'' at the Museum of Cycladic Art, in Athens Greece, November 2, 2022. REUTERS/Costas BaltasATHENS, Nov 2 (Reuters) - Fifteen ancient Greek artifacts from the private Cycladic art collection of a U.S. billionaire went on display for the first time on Wednesday in Athens, under an agreement which has stirred controversy in Greece. A small group of protesters held a white banner outside the museum during the event on Wednesday reading, "They're stolen." Reporting by Karolina Tagaris; Additional reporting by Angeliki Koutantou; Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

New leader of the Britain's Conservative Party Rishi Sunak walks outside the Conservative Campaign Headquarters, in London, Britain October 24, 2022. The 42-year-old former finance minister becomes Britain's third prime minister in less than two months, after infighting and feuding at Westminster that has horrified investors and alarmed international allies. Sunak, Britain's youngest prime minister for more than 200 years and its first leader of colour, will replace Liz Truss who resigned after 44 days following a "mini budget" that sparked turmoil in financial markets. Sunak was blamed by many in the party when he quit as finance minister in the summer, triggering a wider rebellion that brought down the-then leader Boris Johnson. His appointment also marks a first in Britain as Sunak, a Hindu, becomes its first prime minister of Indian origin.

LONDON — Former finance minister Rishi Sunak won the race to be Britain's next prime minister Monday and will become the third leader in seven weeks of a country upended by political and economic chaos. Sunak, 42, will become the latest leader of the ruling Conservative Party to enter the revolving door of No. 10 Downing St., following Liz Truss' resignation just 44 days after taking office. "Rishi Sunak is therefore elected as leader of the Conservative Party," Graham Brady, the Conservative lawmaker who oversees the party's leadership elections, told his colleagues, who banged on tables and cheered at the announcement. The son of African-born Hindus of Indian descent, Sunak will be the country's second ethnic minority leader, after 1800s Jewish prime minister Benjamin Disraeli, who was a practicing Christian.

☆ LoveShackFancy built a pretty, skinny, rich-girl dreamworld. The fantasy was impossible to live up to.
▼ + stars: | 2022-10-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +34 min

Suddenly, in the midst of discussing what Cohen should wear to the next LoveShackFancy store opening, there was the sound of glass clanging. (Another person confirmed hearing this exchange, though the person close to the company said multiple Zoom attendees did not recall it.) The person close to the company said, "It is not uncommon for trips to have dual purposes — they always generate content." Another time, during a visit to the Palm Beach store, Cohen freaked out after seeing staffers in sweatshirts and sneakers. "As with most contemporary fashion brands, we currently do not operate in the plus-size business," the person close to LoveShackFancy said.

☆ Biden says Sunak's ascent as UK leader is 'groundbreaking milestone'
▼ + stars: | 2022-10-24 | by ( Steve Holland | ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 24 (Reuters) - U.S. President Joe Biden on Monday called the expected naming of Rishi Sunak as Britain's next prime minister and first person of color to hold the job "a groundbreaking milestone." Biden, speaking at a White House event to mark the Indian holiday of Diwali, said Sunak, who is also of Indian descent, was expected to be named prime minister on Tuesday after seeing King Charles. "We've got news that Rishi Sunak is now the prime minister," Biden said. "He's expected to become the prime minister I think tomorrow when he goes to see the King. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Holland and Andrea Shalal; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

WisconsinDemocrats see Republican Sen. Ron Johnson as a vulnerable incumbent. Barnes has espoused progressive views in office, but his Senate campaign has focused more on pocketbook issues such as inflation and taxes. Vance appears locked in a tight Senate race against Democratic Rep. Tim Ryan, despite running in a red-leaning state that Trump won handily in 2020. Incumbent Democratic Sen. Maggie Hassan's approval ratings have fallen, including among unaffiliated voters who make up a major chunk of the state's electorate. FloridaFormer Orlando police chief and Democratic Rep. Val Demings aims to unseat incumbent Republican Sen. Marco Rubio.

The Mississippi state auditor said Favre never gave the speeches and demanded the money back, with interest. In an interview with the website Mississippi Today, Bryant said he never knew the grants came from welfare money. The former head of the state welfare agency, John Davis, has pleaded not guilty to state charges of bribery and conspiracy, and law enforcement officials say the investigations continue. Favre defended himself in a series of tweets last year against allegations from White, the state auditor, that he accepted state money for speeches he never intended to give. Marcus Dupree, a former college football star, also received $370,000 in welfare funds, which prosecutors say partly went to fund his horse ranch.

☆ How the Inflation Reduction Act Could Help Normal Americans
▼ + stars: | 2022-08-05 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

Interest rates are rising as the Federal Reserve attempts to combat inflation by slowing down the economy. In response, Democrats are pushing the Inflation Reduction Act, which aims to address the inflation crisis in a new way. It's a catchy name that's garnered a lot of media attention, but the political risks of tying the bill directly to the inflation crisis could damage the Democratic Party in the midterm elections. A growing number of economists believe that because the current inflation crisis was inspired by both pandemic-related supply-chain issues and runaway corporate greed, the Fed's actions are unnecessary and will cause an avoidable recession. In order to study its effects, we need to explore what's in the Inflation Reduction Act.

☆ 33-year-old self-made multimillionaire: Here's how to achieve extreme success
▼ + stars: | 2019-01-30 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

On Thursday, Altman revealed how to achieve such extreme success in blog post called "How To Be Successful." It's been viewed more than 200,000 times, according to Altman's site, and he calls it "one of the most important things I've ever written." This is very long, but I think one of the most important things I've ever written. "It is much more important to work on the right thing than it is to work many hours," says Altman. It's also easier to work hard when you have fewer other responsibilities, which is frequently but not always the case when you're young," Altman says.

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