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☆ Couple with over $285,000 in debt made 3 common money mistakes, says self-made millionaire Ramit Sethi: 'You are broke'
▼ + stars: | 2023-11-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

As a couple, they have $285,100 in debt and currently spend around 154% of their monthly income, they told self-made millionaire Ramit Sethi on his "I Will Teach You To Be Rich" podcast last month. But the couple also has around $12,500 in credit card debt, Lucas tells Sethi. Lucas says when the couple bought their third car earlier this year, he figured they could afford the monthly payment. "Never make major purchase decisions based on monthly payment," Sethi says. A low monthly payment can lure you into a number of different financial decisions that work out fine in the short-term, but can cause trouble down the line.

Persons: Trin, Lucas, Ramit Sethi, Rich, Sethi, he's

☆ 28-year-old health-care worker earning $210,000 a year shares her biggest money mistake
▼ + stars: | 2023-11-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

When it comes to money, Chabely Rodriguez can say she's made it in many ways. The 28-year-old certified anesthesiologist assistant earned more than $210,000 last year and is on track to bring in even more this year. She's able to live comfortably and debt-free in Tampa, Florida, while traveling in her free time, investing for her future and saving for emergencies. Once she started working, Rodriguez learned some of her coworkers were successful in negotiating larger salaries or bigger signing bonuses. "Don't rush into the decision, salaries are competitive, and you're worth the money," Rodriguez says she tells her viewers.

Persons: Chabely Rodriguez, She's, Rodriguez, spender, didn't Organizations: CAA Locations: Tampa , Florida, anesthesiology

☆ The 10 U.S. states where student loan borrowers have the highest monthly payments—and where they owe the most overall
▼ + stars: | 2023-11-02 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Depending on your repayment plan and loan terms, your monthly student loan payment may not have much to do with your remaining balance. Accordingly, the states where borrowers have the highest monthly payments aren't inherently the states where borrowers owe the most overall. Student loan borrowers in Maryland have the highest median monthly payment at $232, according to a recent WalletHub study. On the other hand, high incomes generally lead to higher monthly payments on IDR plans, which could help explain why monthly payments are higher in certain states. Maryland has highest median household income of any state at $108,200 a year, according to Census Bureau data.

Persons: WalletHub, Jim Cramer, Ben McKenzie, Farnoosh Organizations: New York Fed, Maryland, CNBC Locations: Maryland, Georgia, Washington ,, WalletHub, Vermont, Hawaii, Massachusetts, Hampshire, Connecticut, Jersey, York, Virginia, Colorado, Carolina, Oregon, Pennsylvania, Michigan, Alabama

Rodriguez and her four siblings grew up working on the farm and selling its products at farmers markets back in the city. Farm to operating tableThough she's close with her family, it was difficult breaking the news to her parents that she didn't want to continue working on the farm beyond high school, Rodriguez says. Her parents helped some, and she applied for scholarships, allowing Rodriguez to earn her bachelor's without taking on student debt. In fact, working with patients is one of the highlights of her work. How she spends her moneyEven after paying off her debt, Rodriguez has continued to save around 50% of her income.

Persons: Rodriguez, Chabely Rodriguez, Liam Mays, hasn't, CAAs, Andrea Desky, they're, undergrad, hustled, Donald Trump, I've, Gene Kim, HBO Max, she's Organizations: CNBC, CAA, Brooklyn College, District of Columbia, Nova Southeastern University, Housing, HBO, Toyota Corolla, YouTube Locations: Tampa , Florida, New York, Mexico, Brooklyn, Florida, Fort Lauderdale , Florida, anesthesiology, Costa Rica

"The majority of my friends who are single and living alone are stressed about the cost of living," Kaishon Holloway, a single man living in New York City, tells CNBC. On top of being solely responsible for living costs that couples can split, single people are excluded from several financial benefits reserved for married couples. Kaishon Holloway says he and his single friends are stressed about the cost of living. Single people often have to choose between getting a roommate or covering the entire cost of a house or apartment on their own. In some cases, married couples have advantages that simply don't exist for single individuals, such as with income taxes.

Persons: Kaishon Holloway, it's, Juhohn Lee, Mark Licea, Bella DePaulo, Monique Morrissey, that's, Holloway Organizations: Census, CNBC, U.S, Missouri Economic Research, Information, Massachusetts Institute of Technology, Economic Policy, Tax Locations: U.S, New York City, South Carolina, Missouri, New York

☆ 53-year-old early retiree: 3 things I regret doing in my 20s—'I wasted too much time and effort trying to be exceptionally original'
▼ + stars: | 2023-10-21 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Trying to be 'exceptionally original'Both in his career and in his personal finances, Trias learned that it's not always worth it to try to stray from the norm. "In my 20s, I wasted far too much time and effort trying to be exceptionally original as opposed to being exceptionally competent," he says. He had the idea that you can only get ahead in your career by standing out or trying to re-imagine time-tested tactics. Thinking timing is more important than consistency"My greatest regret financially wasn't my spending, it was my thinking," Trias says. "I think trying to pay attention [to your net worth] month to month or even year to year is probably counterproductive," Trias says.

Persons: Alex Trias, Noki, Trias, it's Organizations: CNBC Locations: Lisbon, Portugal

☆ The very first step to take if you're overwhelmed by paying back your student loans: 'We have to take control,' CFP says
▼ + stars: | 2023-10-19 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Federal student loan borrowers had payments due on their loans this October for the first time in over three years. "We have to take control over our student loans," Boneparth said. Here's the first step to take if you're overwhelmed by paying back your student loans, and where to go from there. Federal student loans can be confusing because you take the loan out from the government, not a specific bank or private lender. But once the loan is disbursed, you're assigned one of several federal loan servicers.

Persons: We've, Douglas Boneparth, CNBC's Frank Holland, Boneparth, you've Organizations: Bone, CNBC, servicers, Department of Education, Nelnet , Missouri Higher Education Loan Authority, Federal, Aid Locations: Nelnet , Missouri

☆ This is the best university in the U.S, according to global rankings—it isn't an Ivy League
▼ + stars: | 2023-10-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Princeton University earned the top spot on both The Wall Street Journal's and U.S. News and World Report's rankings for 2024. The University of Oxford in the United Kingdom was named the best university in the world for the eighth year in a row, according to Times Higher Education's ranking of over 1,900 universities worldwide. Oxford, the world's second-oldest university, continues to be a global leader in academic research and instruction nine centuries after its conception. Times Higher Education uses metrics across five areas — teaching, research environment, research quality, industry innovations and international outlook — to rank universities around the world. Though the U.S. doesn't hold the top spot, the next three best-ranked universities are American — but the two highest-ranked ones aren't Ivy League schools.

Persons: United Kingdom Stanford University —, Berkeley — Organizations: Ivy League, U.S, Princeton University, U.S . News, University of Oxford, Oxford, university, Higher Education, doesn't, aren't Ivy League, Stanford University and Massachusetts Institute of Technology, Harvard, Princeton, Oxford University, The University of Oxford —, United Kingdom Stanford University, United Kingdom Stanford University — Stanford, United States Massachusetts Institute of Technology, United States Harvard University — Cambridge, United States University of Cambridge —, United Kingdom Princeton University — Princeton, United States California Institute of Technology, United States Imperial College London —, United Kingdom University of California, United States Yale University — New, United States ETH Zurich —, Switzerland Tsinghua University — Beijing, University of Chicago, United States Peking University — Beijing, China Johns Hopkins University — Baltimore, United States University of Pennsylvania, United States Columbia University —, United States University of California, Los Angeles —, United States National University of Singapore — Singapore Cornell University — Ithaca, United States Times Higher Education, CNBC, Global Locations: U.S, United Kingdom, The University of Oxford — Oxford, California, United, United States Massachusetts Institute of Technology — Boston, United States Harvard University — Cambridge , Massachusetts, United States University of Cambridge — Cambridge, United Kingdom Princeton University — Princeton , New Jersey, United States California Institute of Technology — Pasadena , California, United States Imperial College London — London, Berkeley, Berkeley — Berkeley , California, United States Yale University — New Haven , Connecticut, United States, United States ETH Zurich — Zurich, Switzerland, China, University of Chicago — Chicago, Philadelphia, York, Los Angeles, Los Angeles — Los Angeles, New York

☆ The majority of Americans think they're better off financially than their parents were—especially Gen Z
▼ + stars: | 2023-10-17 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Despite this, a slight majority of adults say they're doing better financially than their parents were at their age, according to a recent LendingTree study . Just over half — 51% — of adults say they're in a better financial position than their parents were at their age. The more money they make, the more likely people are to think they're better off than their parents, LendingTree found. Among households earning $100,000 a year or more, 79% say they're doing better than their parents. Interestingly, though, adults who have their own children are more likely to say they're doing better financially than their parents were at their age.

Persons: it's, LendingTree, Gen Zers, they're, Gen, Millennials, flack, X, Gen Xers Organizations: Pew Research, National Institute on Retirement, CNBC

☆ 45% of Americans say this is the best way to build wealth—but only a fraction are doing it
▼ + stars: | 2023-10-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The majority of adults say wealth is more about having financial security and comfort than hitting a milestone, such as earning a six-figure salary or having a million-dollar net worth, LendingTree found. Is real estate the key to building wealth? Only 14% of all consumers surveyed report investing in real estate outside of their primary residence. When it comes to what actually makes you wealthy, Americans tend to agree that it's more of a feeling than a certain asset. Just 33% say owning a home makes you wealthy and only 14% say owning real estate outside of your primary residence does the trick.

Persons: —, they'll, LendingTree, Barbara Corcoran, boomers, They're Locations: Michigan

☆ The top 10 cities where more renters want to live alone—4 are in Texas
▼ + stars: | 2023-10-11 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

That's a 6.7% increase, and makes solo renters the fastest growing renter demographic, according to RentCafe. The share of renters living with roommates grew by 5.9% while the share of renters living with family fell 4.5% between 2016 and 2021, RentCafe found. Salt Lake City takes the top spot with the fastest growth in solo renters from 2016 to 2021. It makes sense, then, that solo renters appear to prefer lower cost-of-living areas. Seven of the 10 cities RentCafe identified with the largest solo renter population growth from 2016 to 2021 are in the South.

Persons: RentCafe Locations: Salt Lake City, Texas

☆ Should you still push kids to get a degree? Yes, experts say: 'There's not a better substitute for college'
▼ + stars: | 2023-10-07 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

The data in support of a college education is strong. So it can be increasingly difficult to determine if a college education is worth it. For many, a college degree is 'an insurance policy'With the statistical outcomes for college graduates so strong, it can be jarring for parents to face a child who tells them they don't want to go. "For many people, [a bachelor's degree] is an insurance policy." 'Look at college as a consumer'Earning your bachelor's degree is often expensive, which scares off a lot of students.

Persons: Tim Davis, Davis, it's, Erika Katz, Katz, —, they're Organizations: College, San Francisco Fed, National Center for Education Statistics, University of Virginia, CNBC, Edge Research, Gates Foundation

☆ A nearly $3 billion net worth puts you among the richest 400 people in America—40 years ago, that'd be No. 1
▼ + stars: | 2023-10-06 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: 1 min

Just 40 years ago, a $2 billion net worth would put you at the top of Forbes' annual list of the 400 richest people in America. In 1983, Forbes crowned Gordon Getty America's Richest American with a net worth of just $2.2 billion. In 2023, you would need close to $3 billion just to crack the top 400. And securing the top spot would require quite a few billion more. Elon Musk earned the title for the second year in a row with a net worth of $251 billion, roughly the same as what was reported on last year's list.

Persons: Gordon Getty, You'd, Elon Musk Organizations: Forbes, Elon Locations: America

☆ New York's median rent is over $4,000 — here's what you can get for that price in 10 U.S. cities
▼ + stars: | 2023-10-03 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: 1 min

Anyone who lives in New York — and plenty of people who don't — will tell you it is expensive and it is cramped. And an ongoing shortage of apartments and steady demand to rent them has led to record-high rental prices. The median rent for a 1-bedroom apartment in NYC eclipsed $4,000 in September according to rental platform Zumper. For example, you could live in Greenwich Village, on the street Taylor Swift made famous for $3,985 a month, according to a Zumper listing. Zumper compiled a list of homes for rent for $4,000 a month or less in 10 cities throughout the U.S.

Persons: Douglas Elliman, Taylor Swift, Zumper Locations: New York, Manhattan, Greenwich Village, U.S

☆ Federal student loan payments are due for the first time since 2020—what you need to know
▼ + stars: | 2023-10-01 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

October has arrived and with it, the resumption of federal student loan payments. Your exact due date depends on your loan servicer. Your payment may be due later if you graduated recently, but you'll still want to check with your loan servicer. Log in to the Federal Student Aid website to find your servicer if you're not sure who it is. An ideal time for borrowers to resume paying back their student debt may not exist, but federal borrowers do have resources at their disposal to make returning to repayment as seamless as possible.

Persons: Donald Trump, you'll, servicers, Biden Organizations: Federal, Aid

☆ Map: How much money you need to make to be in the top 1% in every U.S. state—it's nearly $1 million in Connecticut
▼ + stars: | 2023-09-30 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: 1 min

But in one state, it means you've just crossed over into the top 1% of earners. Your household needs to bring in a whopping $952,902 to crack the top 1% in Connecticut, the highest threshold for any state, according to a recent SmartAsset analysis. That's nearly three times the income needed to be in the 1% in West Virginia, the state with the lowest threshold at $367,582. Connecticut's median household income of $90,730 is one of the highest in the country and well above the national median of $74,580, according to Census Bureau data. See how much you'd need to make to be in the top 1% of households in your state:

Persons: That's Locations: Connecticut, West Virginia

☆ The FAFSA won't open on Oct. 1 this year—here's when you'll be able to apply for student financial aid
▼ + stars: | 2023-09-30 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

The Free Application for Federal Student Aid, better known as FAFSA, typically opens on Oct. 1, but this year families will have to wait until December. The form — which uses parents' income and a litany of other information to determine a student's need for financial aid — is being updated, and hopefully, simplified. However, implementing those changes means students and families will not be able to apply for aid for the 2024-25 school year until December 2023. "[The Department of Education] is concerned that once October comes around, people will start looking for the FAFSA," McCarthy says. But the change in schedule could have some families concerned about what it means for their student's financial aid package.

Persons: —, Karen McCarthy, McCarthy Organizations: Federal Student Aid, Department of Education, National Association of Student Financial, CNBC

☆ Biden’s new student debt relief plan will focus on these 5 borrower groups first—here's what to know
▼ + stars: | 2023-09-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: 1 min

The Department of Education on Friday announced the next steps in its efforts to provide student debt forgiveness to federal borrowers. After the Supreme Court struck down President Joe Biden's plan to provide broad student loan forgiveness at the end of June, the administration got to work on a new plan to provide relief through the Higher Education Act. Currently, the administration is going through a process known as negotiated rulemaking to enact a debt forgiveness plan. Department of Education officials provided an update to members of the press on Friday announcing members of the Student Loan Debt Relief Committee who will discuss and finalize a debt forgiveness proposal in the coming months. It's still not clear who exactly may see their debt forgiven in the near future, but ED officials offered a glimpse at who they are focusing on first.

Persons: Joe Biden's, rulemaking, It's Organizations: of Education, Friday, Higher, Department of Education, Loan Debt

☆ Americans say caring for aging parents is more important than saving money to hand down to your children
▼ + stars: | 2023-09-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +6 min

Ashley Ray was in the midst of purchasing her "dream car" when she got a troubling call from her mother. Ray's car deal was delayed, so she was able to use the money to help her mom avoid losing the house. She was glad to be able to help her mom, but as she told her Twitter followers, "god loves a joke." It can be stressful to prioritize your own long-term financial needs when other people are relying on you. There can also be a cultural expectation to take care of your parents and other relatives as they age, Miura says.

Persons: Ashley Ray, it's, Ray, Ray's, Danielle Miura, Miura Organizations: CNBC, Pew Research, AARP

☆ Will a government shutdown affect your wallet? Here's what's at stake
▼ + stars: | 2023-09-27 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Will a government shutdown affect student loan payments? Your federal student loan payment will still be due in October as the pandemic payment pause officially comes to an end. Will a government shutdown affect Social Security payments? However, the National Parks Conservation Association strongly advises against visiting parks during a shutdown for your own safety and the protection of the park resources. Will a government shutdown affect air travel?

Persons: Will Organizations: Defense, Veterans Affairs and Homeland Security, Social, National Parks Conservation Association

☆ Americans say this is the No. 1 most important factor to live a fulfilling life—it's not making a lot of money
▼ + stars: | 2023-09-21 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Having a job you like may not just make the day-to-day easier, it also seems to improve your overall life satisfaction. Americans say having a career you enjoy is the most important factor to living a fulfilled life, according to a new study from Pew Research. Over 70% of respondents say having a job or career they enjoy is an extremely important factor to living a fulfilling life. Just 24% of people said having a lot of money is equally important. What's more, the majority of Americans say they need to earn at least $100,000 a year just to be comfortable, according to the most recent CNBC Your Money Survey.

Organizations: Pew Research, CNBC, Survey

☆ You can get more free Covid-19 tests mailed to your door, starting Monday—here's how
▼ + stars: | 2023-09-21 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

The Biden administration began sending out tests through its Covid.gov website in January 2022, but stopped taking orders in June 2023 to conserve supplies. Starting Sept. 25, the site will resume taking orders for free Covid-19 tests. As hospitalizations and deaths due to Covid-19 have ticked up in recent weeks , the federal government is bringing back one tool to help track and stop the spread of illness: free at-home tests delivered to you. Starting on Sept. 25, you'll be able to order four more at-home rapid Covid-19 tests for free through the federal government's website. The limit is one order per residential address and each order comes with four tests.

Persons: you'll Organizations: Biden, U.S . Postal Service

☆ A degree from this Ivy League university can add over $80,000 to your salary—it's not Harvard or Yale
▼ + stars: | 2023-09-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Getting your bachelor's degree from virtually any college can dramatically increase your earning potential. Degrees from certain colleges, however, can boost your earnings even more. A degree from the University of Pennsylvania may have the biggest impact on your salary, adding an estimated $80,000 a year, according to The Wall Street Journal's rankings of U.S. colleges and universities. Unsurprisingly, five of the eight Ivy League schools are in the top 10 colleges with the biggest salary impact. These are the 10 colleges and universities that can have the biggest impact on your salary, according to The Wall Street Journal.

Persons: Penn, Emma Morgenstern, Morgenstern, Technology — Organizations: National Center for Education Statistics, University of Pennsylvania, Penn, CNBC, Ivy League, Journal, Missouri University of Science, Technology, Wall Street

☆ 52% of Hispanic and Latina women investors are more confident about their money than 5 years ago
▼ + stars: | 2023-09-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Still, there are a number of financial disparities between Hispanic and Latino Americans and their white peers, especially Latina women. Hispanic women earn a median annual salary of $39,511, compared with a median of $55,330 among white women and $61,740 for white men, according to Labor Department data. But Latina women are moving in the right direction: 52% of Hispanic and Latina investors say they feel more knowledgeable about their investments and retirement planning than they did five years ago according to J.P. Morgan Wealth Management's 2023 Diverse Investor Study. That number is around 81% for Hispanic and Latina investors, the survey found. What sets Latina investors apart

Persons: Morgan, Veronica Navarro, Navarro, that's Organizations: Labor Department, Consumer Finances, Morgan Wealth Advisors, CNBC Locations: United States, Latina, J.P

☆ The 10 best public colleges and universities in the U.S.—none are in California
▼ + stars: | 2023-09-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

But don't count out public colleges and universities, which have their own advantages. "Due to their access to public funds, some of these [public] universities have support for multi-year research studies," Amy Hubbard, education consultant at Knovva Academy tells CNBC Make It. Additionally, "public colleges can offer more institutional or university grants funded by local, federal or state dollars compared to private colleges, which offer more specific scholarships funded by donors." 15 overall, but the highest among public colleges and universities in the Wall Street Journal's 2024 rankings. These are the 10 best public colleges and universities of 2024, according to the Wall Street Journal:

Persons: They're, Amy Hubbard Organizations: Princeton University, Ivy League, Knovva Academy, CNBC, University of Florida, Wall Street Locations: U.S, Gainesville , Florida

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