Inflation

Mark Cuban revealed how a receptionist embezzled $82,000 from his first company, MicroSolutions, a setback that nearly bankrupted the business and taught him critical lessons about handling employee theft.

Niloy Chakrabarti Oct 28, 2024

Kevin O'Leary reveals his approach to family loan requests, advocating for a one-time gift with no repayment expectations to avoid ongoing financial dependence and strained relationships.

Niloy Chakrabarti Oct 25, 2024

An 83-year-old woman lost $50,000 in a cryptocurrency scam after a caller impersonating her grandson convinced her to pay bail through crypto transactions, despite multiple warnings from her bank.

Niloy Chakrabarti Oct 25, 2024

A £800,000 ($970,000) inheritance dispute has reached London's High Court after 92-year-old Carry Keats tore up her will on her deathbed, leaving her sister and cousins to battle over the estate's validity.

Niloy Chakrabarti Oct 23, 2024

BofA's former head of Financial Institutions Group, Gary Howe, is known for enforcing long working hours on junior bankers under him, which potentially played a role in the death of an ex-Green Beret who joined the bank to support his family.

Niloy Chakrabarti Oct 22, 2024

A Los Angeles-based couple bought rundown restaurants from retiring owners to achieve profitability in a short span.

Niloy Chakrabarti Oct 22, 2024

50 Cent is among many artists who want their kids to work hard for money. The rapper is ashamed that his 27-year-old son thinks his father's wealth is his own and hopes he will change his ways soon.

Niloy Chakrabarti Oct 19, 2024

Robert Kiyosaki believes investing in assets like dividend stocks, real estate, annuities, and loans can offer stable and regular income. He also suggests collecting royalties from the sale of intellectual property for additional income.

Niloy Chakrabarti Oct 18, 2024

UK millionaires are expediting plans to leave the country as fears grow that Labour may announce capital gains tax hikes and an "exit levy" for those leaving.

Niloy Chakrabarti Oct 17, 2024

Ramit Sethi thinks women increasingly earning more than men is threatening their role as providers, driving relationship issues.

Niloy Chakrabarti Oct 16, 2024

Ramit Sethi is concerned with influencers like Grant Cardone's portrayal of the middle class as losers who made the biggest mistake of buying into the idea of the middle class.

Niloy Chakrabarti Oct 16, 2024

Mark Cuban said that dividend-paying stocks, REITs, and high-yield savings accounts are among the easily accessible investment options people can explore for passive income.

Niloy Chakrabarti Oct 16, 2024

Ramsey thinks investing Social Security income starting at 62 in mutual funds can help overcome shortfalls for the early claim.

Niloy Chakrabarti Oct 16, 2024

Rich people leverage 401(k) employer-matching options, create backdoor Roth IRA accounts to avoid future taxes, and create investment accounts for liquidity and access to low-cost, diverse funds.

Niloy Chakrabarti Oct 14, 2024

UK shoppers are outraged over Herbal Essences reducing the size of their bottles from 400ml to 275ml while maintaining the £2 price, fuelling widespread criticism of shrinkflation practices.

Andrea Tode Jimenez Oct 10, 2024

The Social Security Administration's 2.5% COLA hike for 2025 will increase the monthly income of retired workers by an average of $50 and $100 for widowed mothers with two children.

Niloy Chakrabarti Oct 10, 2024

Most job switchers contribute to 401(k)s at the low default rate fixed by the plan provider and often fail to account for the drop in savings rate when they move to a new employer despite a decent pay bump.

Niloy Chakrabarti Oct 10, 2024

The senior is struggling to ask her husband of 30 years to cut his biological son and ex-wife from her portion of their combined net worth as they rarely help or stay in touch.

Niloy Chakrabarti Oct 08, 2024

Christopher DeVocht from British Columbia alleges that RBC didn't acknowledge his limited financial acumen and advised him to donate millions to charities and trade using a margin account via a new holding company to avoid taxes.

Niloy Chakrabarti Oct 07, 2024

The senior woman is exploring ways to ask her boyfriend of three years if he would include her in his will despite the wealthy man having previously expressed no inclination to marry her.

Niloy Chakrabarti Oct 05, 2024

George Appling and his partner Brian will help their kids in their formative years by paying for college, cars, and homes but avoid covering extravagant purchases and make sure teenagers work hard to receive their hard-earned money.

Niloy Chakrabarti Oct 04, 2024

75-year-old Tim F. wishes he had claimed his Social Security earlier to fulfil his plans of spending it together with his wife, Sarah, who passed away at age 68.

Niloy Chakrabarti Oct 03, 2024

Having millions doesn't guarantee feeling wealthy. Many millionaires still feel financially insecure and believe their plans need improvement.

Vinay Patel Sep 26, 2024

Supplemental security income (SSI) checks are issued on the first day of the month. However, they arrive earlier if the first falls on a weekend.

Niloy Chakrabarti Sep 25, 2024

Berkshire Hathaway chairman Warren Buffett, 94, entrusted his children with the responsibility of donating his entire wealth upon his passing to charities of their choice. His new estate plans will also stop funding the Gates Foundation upon his death.

Niloy Chakrabarti Sep 24, 2024

Warren Buffett struggles to get around the complexities at Nike, its lagging segments like golf equipment and helmets, and lack of clear competitive advantages despite top fund managers buying the stock as new CEO Elliott Hill plans to steer the company back to its roots.

Niloy Chakrabarti Sep 23, 2024

The new tax will be adjusted when Social Security recipients in these states file their federal income tax returns. However, some states are working to extend exemptions to qualifying seniors.

Niloy Chakrabarti Sep 20, 2024

A 73-year-old US woman moved to Europe to live with his husband she married three years ago. She wonders if it's normal to give away the house they share to a distant relative while she pays the bills and supports their lifestyle.

Niloy Chakrabarti Sep 19, 2024

Ramit Sethi explained that the FIRE community can help people live ultra-frugal lives and retire early. However, some drawbacks in the community must be remedied to achieve financial independence goals without drastically downgrading lifestyles.

Niloy Chakrabarti Sep 19, 2024

A tween throws a fit demanding a $1200 iPhone despite her parents offering a more affordable $600 model.

Vinay Patel Sep 18, 2024