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☆ Biden White House just put out a framework on regulating crypto — here’s what’s in it
▼ + stars: | 2022-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

U.S. President Joe Biden walks from Marine One to the White House following a trip from Michigan, in Washington, U.S., September 14, 2022. Here are some of the key takeaways from the White House's new crypto framework. Fighting illicit financeOne section of the White House's new framework on crypto regulation focuses on eliminating illegal activity in the industry — and the measures proposed appear to have real teeth. Crime is rife in the digital asset sector. Then there's the hypothetical digital dollar that would be the Federal Reserve's take on a CBDC.

I asked financial advisors to share common setbacks to gaining a 7-figure net worth they've seen. Ignoring the backdoor Roth IRA option and being too risky with investments can set you back. That's why I asked some of the best financial advisors to share what the biggest setbacks they've seen clients experience trying to make it to that level. Advertisement"A Mega Backdoor Roth IRA allows high-income taxpayers to create a permanently tax-free Roth IRA, even if their incomes exceed the amount for traditional Roth ownership," said Colvert. "The last thing you want is an accident to put your hard-earned net worth at risk."

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By not following my friends' advice, I avoided a lot of losses on things like meme coins. I did a lot of research firstA lot of my friends rushed to buy meme coins — like dogecoin or shiba inu — when they went viral in both the news and on crypto forums in 2020. Since I'm new to this, I couldn't justify the risk of buying these meme coins since I didn't know much about them or what their purpose was. If I listened to my friends, I'd only be able to make gains from buying cryptocurrency. Some of my friends have been buying crypto for more than five years, and others have been buying coins since early 2020.

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☆ The new M1 Owner's Rewards Card earns 10% cash back at Netflix, 5% at Starbucks, 2.5% at Amazon, and more incentives based on your investments
▼ + stars: | 2021-07-28 | by ( David Mcmillin | Jasmin Baron | Read More | ) www.businessinsider.com time to read: +8 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The new M1 Owner's Rewards Card is free for M1 Plus members, but there's a waiting list to apply. Here's what to know about the new M1 Owner's Rewards Card to help you decide if it's a good fit for you. M1 Owner's Rewards Card detailsBefore you decide on the M1 Owner's Rewards Card, there are a few important caveats to consider:You have to join a waitlistThe card's launch involves handing over your data to join a waitlist for the application. The Owner's Rewards Card will be included in that $125 price tag.

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