DIRS.INFO The most relevant business & tech news

☆ A millennial private equity founder explains how the 'girl math' taking over social media can help more than it hurts
▼ + stars: | 2023-08-29 | by ( Jennifer Streaks | Senior Personal Finance Reporter | Read More | ) www.businessinsider.com time to read: +4 min

Girl math is a viral Tiktok trend where women justify spending with their discretionary income. Girl math is often about quality of life decisions and the impact of your spending's value. Maybe girl math isn't the trap it seemsFinancial expert Kelly Ann Winget, the millennial founder of a solo-female-founded private equity fund, says that girl math isn't exactly what its critics describe. "If women are using girl math to justify spending that doesn't derail their financial well-being, that is a good thing. "Instead of focusing on girl math so much, think about ways to secure your income," Winget tells Gen Zers.

Persons: Kelly Ann Winget, you've, it's, Christopher Bechler, Huang, Joshua I, Morris, Taylor Swift, Winget, Gen Zers Organizations: Service, Stanford Graduate School of Business Locations: Wall, Silicon

When I learned about Barista FIRE, where you work part-time in "retirement," it was perfect for us. I thought, There are people who have decided to forgo the "work until you're of standard retirement age" lifestyle? It's called "Barista FIRE" because some people choose to work part-time as a coffee shop barista in early retirement. Then, you subtract the amount you think you will earn from your expenses number to get your Barista FIRE number. Using the same numbers as above and assuming $25,000 a year earned from part-time work or passive income, our Barista FIRE number changes dramatically.

Persons: It's, Read, Roth, — Organizations: Barista FIRE, Service, FIRE, Barista Locations: Wall, Silicon

☆ US energy firm payouts to oil investors top exploration spending for first time
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

The outlook for stronger energy prices has not changed the focus on investor returns from the U.S. industry, according to the report's authors, Ernst & Young LLP. Last year's investor payouts were up substantially - 214% over 2021 and more than sevenfold over 2020 levels, the report said. Money spent on finding and tapping oil and gas also rose, but as a much slower pace. Returns benefited from strong oil and gas pricing and a cost-consciousness that emerged after energy prices collapsed three years ago. Profit per barrel last year hit $32 compared to about $10 in 2014, when energy prices were about the same level as today, EY said.

Persons: Liz Hampton, Ernst, Young, Money, Bruce, EY, Gary McWilliams, David Gregorio Our Organizations: REUTERS, Rights, U.S, Young LLP, DiamondBack Energy, Natural Resources, ConocoPhillips, Thomson Locations: Midland, Odessa, Texas, U.S

☆ A man who 'hopes he runs out of money' before he dies explains why you may not need as much cash to retire as you think
▼ + stars: | 2023-08-20 | by ( Liz Knueven | Stephanie Hallett | Personal Finance Reporter | ) www.businessinsider.com time to read: +6 min

Bill Perkins wants to spend every penny before he dies, he explains in his book "Die With Zero." He thinks most people are saving too much for retirement, given that a lot of it goes unused. Instead of leaving a large inheritance, he'd rather use his money on experiences, helping his children while they're starting out, and spending the money on his needs. While some people did use up their money, many retirees actually see their net worth increase with time. "Retirees with less than $200,000 saved up for retirement ... had spent down only one quarter of their assets 18 years after retirement."

Persons: Bill Perkins, Perkins, doesn't, Get, it's, overspending Organizations: Service, Federal, Board, Medicare Locations: Wall, Silicon

☆ 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

☆ 'Girl Math' is the latest financial trend going viral on TikTok where purchases under $5 don't count and big ticket items should be measured by their cost per wear
▼ + stars: | 2023-08-14 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Move over "girl dinner" and "lazy girl jobs," a new personal finance trend has gone viral on TikTok. Called "girl math," this humorous trend has users breaking down purchases into their smallest possible units to justify them. "Girl Math" was first popularized by the New Zealand podcast Fletch, Vaughan & Hayley. Girl math," Sam James, another user, joked in a video posted on August 3, which has racked up over 3 million views. Even so, "Girl Math" joins the roster of emerging personal finance trends making waves on TikTok.

Persons: Fletch, Vaughan, Hayley, I've, Mckennaelianna, Sam James, Alyssa Davies, Brad Klontz Organizations: Service, New Zealand, Zealand, CNBC, Fox Locations: Wall, Silicon, TikTok

☆ A millennial who's paid down $190,000 in student-loan debt shares the budget template he created and why it's effective: 'You're forced to see what's going on'
▼ + stars: | 2023-08-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Ian Group has paid down $190,000 in student loans. After wrapping up law school with $190,000 worth of student loans, things didn't exactly play out as Ian Group imagined they would. Courtesy of Ian GroupGroup has two columns in this section: "estimated monthly income" and "actual monthly income." Again, Group has it set up in two columns: "estimated monthly expenses" and "actual monthly expenses." "It brings in your income, expenses, what you're saving and investing, and it gives you the net total," he explained.

Persons: Ian, I'm, he'd, he's, Roth Organizations: Group, overdrawing, Ian Group Locations: Florida

☆ Winner of record $1.6 billion-plus Mega Millions jackpot should watch out for these pitfalls, experts warn
▼ + stars: | 2023-08-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty ImagesThere's finally a winner for the massive Mega Millions jackpot — but the lucky ticketholder may face unexpected pitfalls, experts say. A single ticket sold in Florida matched all six numbers Tuesday night, marking the game's largest prize in history, according to Mega Millions. While Florida doesn't tax lottery winnings, there's an upfront 24% federal tax withholding that goes to the IRS. 'The curse of the lottery is real'In addition to taxes, the Mega Millions winner will likely encounter other obstacles, experts say.

Persons: Justin Sullivan, there's, they'll, Andrew Stoltmann, Let's, Stoltmann, Warren Racusin, Lowenstein Sandler, Sam Organizations: Mega, Stoltmann Law, Republicans Locations: Florida, Chicago

☆ The Mega Millions jackpot hits $1.55 billion. What's the best payout option? Experts weigh lump sum vs. annuity
▼ + stars: | 2023-08-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot hit a record $1.55 billion on Aug. 7, 2023. VIEW press | GettyThe Mega Millions jackpot has ballooned to an estimated $1.55 billion after months without a winner. If you pass away before collecting all 30 payments, Mega Millions will make the remaining payments on schedule to your designated beneficiary or your estate. Picking the lump sum payout is a 'big mistake'Andrew Stoltmann, a Chicago-based lawyer who has represented several lottery winners, says 95% choose the lump sum option, which he describes as a "big mistake." Tuesday's Mega Millions drawing comes about three weeks after a single ticket sold in California won Powerball's $1.08 billion jackpot.

Persons: Andrew Stoltmann, Tommy Lucas, Moisand Fitzgerald Tamayo Locations: Chicago, Orlando , Florida, California

☆ Self-made millionaire: This is the 'hardest part' about pursuing early retirement
▼ + stars: | 2023-07-31 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

These days, his net worth is north of $1 million, and he offers financial advice to would-be early retirees in his newsletter, Millionaire Habits. "There is no way you're going to improve your spending without knowing where your money is going to begin with," he says. They don't want to know how much they're spending," Adcock says. "Sometimes it's like, 'Holy s---, I'm spending $500 a month at Subway.'" One shorthand many early retirees rely on — their "FIRE number" — multiplies the annual income they hope to live on in retirement by 25.

Persons: Steve Adcock doesn't, Adcock, —, he'd, you've, It's Organizations: FIRE, ESPN, CNBC

☆ How investors can get ahead by listening to a company's earnings conference call
▼ + stars: | 2023-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Commentary on the results Almost all calls begin with a discussion of the reported results. The reported quarter ended May 31 and the call was hosted on June 30, a full month after the quarter ended. By listening into the call, an investor could see that the reported results did not tell the full story around Wynn's business in China. As with the reported results, any comments on supply chains and customer dynamics could prove relevant to the direction of the stock. It can be quantitative, by which management provides actual targets for sales, earnings, and/or industry metrics.

Persons: —, they've, Gamble, Jeff Miller, Mark Zuckerberg, Zuckerberg, takeaways, It's, Jim Cramer's, Jim Cramer, Jim, sasirin Organizations: Procter, TJX, Devices, Club, Constellation Brands, Wynn Resorts, WYNN, Halliburton, HAL, Microsoft, Apple, Linde, LIN, Management, Coterra, Investors, Nvidia, Jim Cramer's Charitable, CNBC, iStock, Getty Locations: Macao, China, overspending

☆ 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

☆ Essence Magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

We're seeing discounts of 20% or more, and we've sorted through the selection to find the best Prime Day monitor deals. And check out all the best Prime Day PC gaming deals for even more chances to save on computer gear. Top 3 monitor dealsBest Prime Day monitor deals LG's UltraFine 4K monitor is being discounted right now for Prime Day. $164.00 from Amazon Originally $209.00 Save 22%Best Prime Day gaming monitor dealsSamsung's Odyssey has an ultra-wide screen that makes it great for gaming. For more details on how to find a great monitor, check out our guides to the best computer monitor and best gaming monitor.

Persons: We've, it's, Price LG, it'll, Price, Price Dell Organizations: Samsung, LG, Dell, Asus, Amazon, Prime, SAMSUNG, Deal LG, Netflix, YouTube, AMD, Price Samsung, Monitor Samsung, Computer Locations: it's

☆ Gen Zers and millennials are ditching 'spendy friends' who are tempting them to overspend and go into debt
▼ + stars: | 2023-07-12 | by ( Grace Mayer | ) www.businessinsider.com time to read: +5 min

Financial differences are driving some Gen Zers and millennials to break up with their "spendy friends." Eighty-eight percent of millennials and 80 percent of Gen Zers said spending time with these friends resulted in them taking on debt. Forty-three percent of millennials said they overspent on dining out, as did 37% of Gen Zers. In addition, 37% of millennials and 32% of Gen Zers report overspending on drinks and nights out. More than a third of Gen Z consumers, 36%, also said they overspent on clothing.

Persons: Zers, Gen Z, Qualtrics, it's, Courtney Alev, Z, Gen Zers, Alev, overspending, millennials, Gen Organizations: Service, Credit Locations: Wall, Silicon, millennials

☆ Some Amazon advertisers are building customized tools to prevent Prime Day glitches from draining their ad spend
▼ + stars: | 2023-07-12 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Advertisers are buying ads to promote their products during Amazon's two-day Prime Day sales event. Amazon's two-day Prime Day sales event is in full swing, and many marketers are buying ads to promote their discounted products. Three Amazon-focused ad agencies told Insider that they're planning for possible contingencies in case the ecommerce giant misreports metrics about the performance of their critical Prime Day ad campaigns. She said she helped clients calculate how much to spend ahead of Prime Day based on how much they spent last year. Wishon said that she's also advising brands to ramp up ad spend after Prime Day when people are still looking for deals and Amazon's ad prices decrease.

Persons: Todd Bowman, Laura Meyer, Meyer, Wishon, BetterAMS, she's Organizations: Momentum Commerce, Amazon, Commerce, Amazon Web Services

☆ Spend better, not less: Duke behavioral economics expert on his top 4 money tips
▼ + stars: | 2023-07-11 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +4 min

Dan Ariely, a professor of psychology and behavioral economics at Duke University, knows this firsthand. But recent grads would be wise to avoid any spending sprees on new or "trendy" things, Ariely says. Think about the future, not just the presentFor recent graduates, there can be a temptation to charge lots of purchases, Ariely says. Reflect on past spending — and past regretsFinancial planning generally involves looking ahead. But you'd be well served to look at past purchases, too, and reflect on the extent to which they brought you joy.

Persons: Dan Ariely, —, Ariely, I'm, you'd Organizations: Duke University, Duke Fuqua School of Business

The moves should bolster efficiency at both firms, amid an already-stellar year for the two Club holdings. Apple surpassed a $3 trillion market capitalization last month, but has since pulled back to a valuation of $2.94 trillion. Meanwhile, WedBush recently forecasted that Microsoft could also join the $3 trillion club by early 2024 on the back of its artificial intelligence capabilities. This round of Microsoft layoffs is much smaller than the cuts the company announced earlier this year, so it probably doesn't move the needle. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: WedBush, ChatGPT, Tencent, Jim Cramer's, Jim Cramer, Jim, RYU Organizations: Microsoft, Apple, Nasdaq, CNBC, Federal Trade Commission's, Activision, Getty, Visual China Locations: China, Washington, India, Seattle , Washington

Amazon Prime Day is here, and we're rounding up all the best Prime Day deals, including discounts on monitors for gaming and home offices. Popular brands like Samsung, LG, and Dell have discounted monitors by 20% or more, and we've sorted through the selection to find the best Prime Day monitor deals. Top 3 monitor dealsBest Prime Day monitor deals LG's UltraFine 4K monitor is being discounted right now for Prime Day. For more details on how to find a great monitor, check out our guides to the best computer monitor and best gaming monitor. You can also check out our best gaming PC and best gaming laptop guides for more computer hardware recommendations.

Persons: We've, it's, Price Organizations: Amazon, Samsung, LG, Dell, Asus, Prime, SAMSUNG, Deal LG, Netflix, YouTube, ASUS, Monitor Samsung, Computer

☆ One of the US's largest racial-justice organizations is slashing its budget and laying off staff after overspending on lavish perks
▼ + stars: | 2023-07-05 | by ( Sean Campbell | ) www.businessinsider.com time to read: +17 min

Color of Change recently announced significant cuts to its budget and staff. Color of Change dramatically increased its spending in 2020, and it continued burning through its cash even as revenue declined. Their post, published June 22, served as the first official communication to most staff members that budget and staff cuts were imminent. A week later, 49 staffers were laid off, according to staff and a list of eliminated positions reviewed by Insider. Medium/Color of Change board chairsIn a written statement, Color of Change also claimed Insider's reporting contained inaccuracies.

Persons: —, Jordan Neely, George Floyd, Airbnb, Rashad Robinson, Oprah, hasn't, we've, Andre Banks, Banks, Ben O'Keefe, O'Keefe, It's, Salaah Muhammad, Muhammad, Robinson, Heather McGhee's, Bryan Bedder, I've, Berlin Rosen, Ryan Senser, Rashad, Senser Organizations: Service, New York City, The Recording Academy, Forbes, Staff, Education, New York's Office, Labor, YouTube, Miami's Art, Fund, Fashion, NAACP, Fenton Communications, Berlin, Insider Locations: Hollywood, New York, Oakland , California, New York City, Washington, Miami's Art Basel, Minneapolis, Manhattan

Our experts choose the best products and services to help make smart decisions with your money (here's how). Fraudulent activity by scammers trying to get your personal information has increased significantly. Check washing, robo calls, and even student loan forgiveness scams can walk scammers right into your bank account. Student loan forgiveness scamHow it works: Under the Biden Administration, student loan forgiveness applications opened in 2022. Be skepticalRight now, money scams are at an all-time high.

Persons: —, scammers, they're, It's Organizations: Service, Biden Administration, Social, Department of Education, US Postal Service

☆ Don't budget, says financial psychologist. Here's why he recommends a 'spending plan' instead
▼ + stars: | 2023-06-27 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Budgets help address maladaptive financial behavior or areas where you need control, such as overspending or spending leakages. "Psychologically, 'budgets' sound restrictive. 'Spending plans' sound a lot better — they give a lot more freedom and flexibility," he said. "It's about giving yourself permission to start the life stage that you're in and then go on to the next one," said Cherry. Jump-start your financial journey by being honest with yourself on where you are standing.

Persons: Preston D, Cherry Organizations: CNBC's Locations: Green Bay , Wisconsin

☆ 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

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Secured personal loans are backed by collateral just like other types of secured loans, but for personal loans, they're a bit different. Compare Personal Loan RatesWhen is a line of credit better than a personal loan? Interest rates for personal lines of credit and credit cards tend to run higher, on average, than those for personal loans. Interest rates for personal lines of credit and credit cards tend to run higher, on average, than those for personal loans.

Persons: —, Dani Pascarella, Pascarella, You'll, might've, caterer Organizations: Service, Chevron

Search resuls for: "Overspending"

25 mentions found