Have a Day Off? Tackle Your Financial To-Do List
We all have unfinished business and nagging questions about our financial situations. So take some time to consider your accounts, bills, subscriptions and other elements of your financial life.
We all have unfinished business and nagging questions about our financial situations. So take some time to consider your accounts, bills, subscriptions and other elements of your financial life.
Financial services jobs go in and out of fashion. In 2001 equity research for internet companies was all the rage. In 2006, structuring collateralised debt obligations (CDOs) was the thing. In 2010, credit traders were popular. In 2014, compliance professionals were it.
On a warm morning early last year, a start-up founder named Matt Burton addressed a group of 175 investors and executives at the sleek glass IAC building in Chelsea. Mr.
“I’m telling you right now, the US is going to have a crash and it will be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment Conference.
I spent a bunch of time at Consensus and Token Summit this week. If it wasn’t clear before, we are headed into a crypto currency bubble. Now a bubble isn’t in and of itself a bad thing.
The R/Finance 2017 conference was just held at the UIC in Chicago, and the event was a huge success. There were a ton of high quality presentations really showcasing innovation in finance.
Big money investors have always sought an edge. Everything from star traders to fast computers to unique analysis can give a big hedge fund an advantage over competitors. The latest battleground is data.
Through a fast alternation of buying and selling, orders and counterorders, the end of 1911 marked Proust’s fastest plunge into debt exposure in his fifteen-year-long investing career.
MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon.
CrowdJustice took on Brexit. Now the Kickstarter-like site is bringing its legal crowdfunding model to the United States. The platform for public interest litigation covers legal costs through online donations. The challenge to Article 50 campaign, taking on Brexit, raised nearly $200,000 in U.S.
Read enough financial advice and you can start to get the sense that any mistake or flaw in your financial life is catastrophic. In fact the opposite is true. Not only is it okay to be imperfect, but you can turn even the worst disaster around.
If you go looking for financial advice, you’ll find tons of it. Heck, we’ve even got our own blog devoted to it. However, if you’re looking to make a change to your financial life, you probably already know where to start.
Meb Faber asked a bunch of us bloggers to give him our top 3-5 most read blog posts of the year. I looked back at my trusty Google Analytics for the first time in a while and discovered that two of my top three in terms of readership were personal finance-related posts.
The snowball method is the best way to pay down your debt. If you’re skeptical and want to see how it will work, this spreadsheet will calculate exactly how long it will take to be debt free.
Money management isn’t easy, but we do our best to break it down for you. Here are some of our best personal finance guides, primers, and explainers of 2016. Spend less than you earn, save your money, and—poof!—your financial problems are solved. If only it were this easy.
We’re all victims in the race to gain more status. Society pressures us to have a bigger house, a nicer car, and more toys. If your rush to gain status starts with buying stuff, however, you might want to rethink your strategy.
It’s not too hard to build a basic budget, and a few tips and tricks can help you make it really solid. But even a good budget can go awry. There are a handful of mistakes that throw people off, but the good news is: these mistakes are easy enough to fix.
A while back, I was asked to give an hourlong presentation where I talked about my key principles of personal finance. I chose to give a presentation where each slide was available for about a minute with one simple rule on each slide, giving me a minute to discuss that rule.
Warren Buffett is a hugely successful investor, and his tips for investing are surprisingly accessible. Most of his methods are simple, straightforward and timeless. Here's some of Buffett's best money advice. Buffett warns against excessive borrowing.
You don’t have to learn everything about money at once, but a course can teach you a lot of useful information at a reasonable pace. Especially if you never learned personal finance to begin with, a course will help you get up to speed on the basics.
We've featured a lot of tips from The Simple Dollar's Trent Hamm—from buying in bulkand earning money online to managing a career hiatusand overcoming decision fatigue. Here, he shares his ten most important pieces of financial advice. This post originally appeared on The Simple Dollar.
The most basic money skills aren’t all that complicated, even if we make it so. To prove the point, Napkin Finance fits the basics into the space of a small napkin.
If you’re trying to get your finances straight and you’re completely intimidated with the work ahead, take it one step at a time. Commit to just fifteen minutes of financial literacy a day.
Today my four-week challenge is over, and I’m excited to tell you that (in my opinion) the project has been a huge success. Not only did the “startup” make money (not thousands, but a respectable amount given my constraints), but I also learned a whole new facet of selling online.
One of the most interesting things I’ve found over the years of writing about personal finance, charting my own financial progress and changes, and talking with countless readers is that personal finance is a lot like an onion. An onion? Yep, it’s all about layers.
The start of the year is a great time to review and revamp our financial plans, including common resolutions like "save more money" or "pay down debt." Here are some ways to develop better money habits for all year round. True savings happen when we deviate from our habits.
People always seem have questions about their financial priorities: Should I invest or pay off debt? Save in my work 401(k) or open an IRA? This cheat sheet will tell you. It helps you visualize your financial priorities in the most basic terms.
When you start getting your finances in order, it’s exciting. You see the basic concepts and rules of personal finance in action, and, after a while, they start to pay off. This makes it easy to become a personal finance devotee. But even the best financial advice can become counterproductive.
Luckily, there's the internet. We've made learning about money easier for you by compiling a list of some of our go-to websites for money advice.
The older you get, the more complicated it seems that your finances become. If you’re feeling overwhelmed, take it one step at a time by answering these ten questions about your finances.
At the start of 2016 Google announced that it had discovered the secret ingredients for the perfect team.
Many people don’t invest because it seems overly complicated. But if you want to build wealth, investing now is the easiest way to do so—and anyone can do it. Here are some basic steps to set up a simple, beginner investment portfolio that will make you money while you sleep.
When you’re drowning in debt, managing your personal finances probably seems downright impossible. You read all these headlines about investing and financial independence and you just want to give up, because you’re so far from that.
Knowing how to make money doesn’t mean you know how to save it, as is evidenced by a startling statistic reported on by Polly Mosendz at Bloomberg: According to a new survey of 7,052 people by the financial-services site GoBankingRates, nearly half of people
Last week a received a call from a reporter from VICE named Allie Conti, who is setting out on a journey to learn about managing money. Like many of her fellow Millennials, Ms. Conti doesn’t have much experience with the markets, investing or even general personal finance:
A few days ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement, for a purely virtual currency backed by no central bank or other authority.
Every time you go through the day and wind up behind, you tell yourself “Tomorrow will be better.” Then you go to sleep with no idea how you’re going to accomplish that. If you want to break the cycle, start on tomorrow today.
When it comes to making financial progress, we can all agree that saving for the future is a critical part of the equation. But how much are you supposed to be socking away exactly? This post originally appeared on LearnVest.
When you’re in debt or living paycheck to paycheck, it’s hard to be interested in personal finance.
You probably (hopefully) track your budget every month, but your net worth doesn’t need quite as much attention. It’s still a good idea to keep an eye on it. Do you do it?
Getting rid of debt is a math problem. You need to develop a long-term plan that will reduce your debt over time until it’s eliminated. However, it’s also a lifestyle choice, and that’s something you need to anticipate.
We talk a lot about personal finance. And while there are always new ways of thinking about your budget, you can always quickly identify the rules that matter most: they're the ones that don't change.
Anyone who’s improved their money skills will tell you: it’s not about the rules. Okay, the rules are important, but they’re not nearly as important as your habits and behavior.
Personal finance is simple, but it isn’t easy. Our greedy brains try to fight us every step of the way—which is why automating your finances is such a great way to save money. Ramit Sethi, author of I Will Teach You To Be Rich, puts everything you need to know in one simple graphic.
Personal finance is like nutrition: It seems like the experts in this arena can’t agree on anything, whether it’s setting up an emergency fund or paying off your mortgage early. Despite all the contrasting opinions, though, most people agree on at least five basic fundamentals.
How much time do you spend managing your finances? Just the day-to-day stuff – paying bills, transferring money from one account to another, etc. If it’s more than an hour a week, it’s TOO LONG!
In Investors and their incentives, I tried to give a broad breakdown of the incentives that drive the major types of startup investors. I want to dig deeper into a behavior that VCs sometimes exhibit which seems strange from the point of view of founders.
Money issues can be tough to tackle. You feel like you have limited control over your finances, and that can be hugely discouraging. So we want to know—how do you stay motivated with your financial goals? Experts recommend different tips for making your goals easier to swallow.
How you manage, spend, and invest your money can have a profound impact on your life, yet very few schools teach these important skills. Learning financial savvy can take a while, but the basics are fairly simple and never change. Here’s where to get started.
The number one rule to financial success: spend less than you earn. And the best way to do that is to keep track of what you spend. Here are 10 tricks for crafting the perfect budget (and sticking to it). If you have a budget that isn't working from you, wipe the slate clean and start over.
Money isn’t as complicated as it seems, but when your finances are out of control, managing money does indeed seem overwhelming. To get started, here’s the first thing you should do, according to one financial planner.
Money rules might be simple, but they’re not always easy to stick to. If you want to build wealth, you have to constantly work on your money habits and rethink your relationship with money.
If you have credit card debt, you probably already know paying it off is the best thing you can do for your personal finances. What you may not understand is that it's the best possible financial return on your money, even taking savings into account. Here's why.
Last month we made the case for why Millennials could become the next Greatest Generation of personal finance. According to the Strauss-Howe generational cycle theory, members of Generation Y parallel and share traits with the young people who came of age during the Great Depression.
I remember when I got my first credit card. I felt like a real adult. I was just so excited to get this shiny, small square of money that would let me buy anything I wanted. That is until I realized that I didn’t actually know how to use it (beyond swiping it when checking out, of course).
Since we tend to decide that it’s rude to talk about money with other people, it can be hard to figure out how to go from being broke to financially stable. This spreadsheet can help you explore the difference.
Financial advice isn't an exact science, so it's hard to really sift through the cruft and know what you should do with your money—especially if you've never had enough money to make an actual budget.
We've talked about the virtues of having an emergency fund. However, as finance blog The Simple Dollar highlights, money in an emergency fund is money that's not in your investment portfolio. So, how much should you keep in it?
It takes commitment and time, but you can learn to manage your money even when there's not much of it. Follow these steps to set up a budget if you're broke. We've discussed how to create a basic, real-world budget, but that advice often doesn't apply when you're struggling to make ends meet.
One afternoon in October 2009, a former banking executive named Aaron Siegel waited impatiently in the master bedroom of a house in Buffalo that served as his office.
With the stock market constantly rising and falling, it’s hard to predict what kind of luck you’ll have when you retire and how much you should be saving so you don’t run out of money. One financial expert, however, has found the magic retirement savings rates for most people.
Managing your money and budgeting can be a daunting task, even if you're a spreadsheet ninja. Corralling accounts, watching your money move, and keeping track of everything can be tough, but there are personal finance tools that make the job much easier.
Survey results show that as their role expands to include ever more nonfinancial demands, CFOs know they must build new skills to lead.
When we need suggestions or advice, we typically lean on those around us for tips. However, when it comes to personal finance, this strategy can backfire for one simple reason: most people you know aren't finance experts.
Most people cringe to see the words “money” and “happiness” in the same sentence, and rightfully so. Money doesn’t equal happiness. You can, however, use money in a way that satisfies your own values. To find those values, it helps to consider your happiest moments.
Adam Dahill saw promise in the three-story brownstone on a quiet Bedford-Stuyvesant street, despite its weather-beaten facade, crumbling front steps and broken windows. But he needed nearly $1.
Money management can be intimidating, but the first step to facing your financial anxiety is coming to terms with your own financial picture. If you’re not sure where to start, spend just one minute each day looking at your finances.
While I love writing and talking about all of the benefits of financial independence and financial progress, I’ll be the first to admit that the path is difficult. Although the ideas behind personal finance are easy, actually putting them into practice is incredibly hard.
Are you vowing to get ahead financially in 2017 but not exactly sure how? Some expert advice can help. The key, though, is to get information you can trust. GOBankingRates asked 17 of the most well-known names in personal finance and entrepreneurship to share their No.
When you’re trying to get your finances together, there’s usually a question of trade-off. Do I pay off debt or save for an emergency? Do I save for retirement or a home down payment? Fidelity’s 50/15/5 rule addresses the most important financial goals by allocating your paycheck accordingly.
Looking back on my life a decade ago, I just wasn’t taking care of myself. I was overweight, deeply in debt, a smoker, junk-food addict, stressed out, clutter piling up all around me, I didn’t floss … my life was a mess.
If you've ever paid money for something and then found out others have gotten the same thing for free, you've probably kicked yourself. We want to know: what items do people typically spend money on without realizing they can get them for free? Here's an example.
The specifics of managing your finances can be complex, but the basic principles of good financial health are simple. Above all else, put your future money towards saving rather than spending.
Rules of thumb can be a good approximate guideline for decisions, and there are tons of money rules that aim to get your finances on track. While everyone's situation is different, these serve as a good starting point.
Living off dividends is the dream for many investors. If you have enough saved and properly invested, you can take home a comfortable salary without working at all. This calculator will help estimate how much you’ll need to accomplish this goal.
If your finances suck, you’ve probably picked up a book or two on how to manage your money. You’ve probably read, and even tried, to put the advice into practice. But the most important money skill isn’t one you’ll find in a book.
Spend less than you earn is the golden rule of personal finance. It's incredibly simple, but it's not easy. Your brain likes to get in the way by tricking you to go against what you know to be true. Here's how your brain sabotages your finances, and how you can overcome those tendencies.
You have a 401(k) from an old employer that you haven't looked at in weeks, a high-interest credit card you've been meaning to do something about for months, and cash sitting in your checking account that's doing nothing.
Like many people who suddenly realize how bad their financial situation is, we dove hard into frugality during the first few months of our financial turnaround.It makes sense, really. Frugality is the best personal finance tactic there is for seeing immediate results.
Too many people, including plenty of brand-new college graduates, fall far behind on their student loan payments for no good reason. How many? The Department of Education does not supply much data on late payments.
When the tech bubble burst around the turn of the millennium, it proved we had a lot more to learn about the digital economy. With many entrepreneurial workers unemployed, many learned how to become entrepreneurs online. This brought the advent of the personal finance blogger.
Goldman Sachs has been particularly active in the last 2 years, backing 4 unique companies applying AI in financial technology. Deals and dollars to startups using AI algorithms reached record levels in 2016.
Ever wished you could peek at the spending habits of someone with the same salary as you? We asked three brave writers to reveal just that—their salaries, budgeting strategies, and financial goals for the year.
Only recently has it become possible to fully automate your expenses. However, finance blog I Heart Budgets proposes taking this idea a step further: by automating all of your finances, you can effectively live "money free." The concept is so simple it almost doesn't feel like it's possible.
WHEN investors gathered in Amsterdam in late 2016 for perhaps the largest annual conference on “impact investing”, the mood was upbeat.
American economist Hyman Minsky, who died in 1996, grew up during the Great Depression, an event which shaped his views and set him on a crusade to explain how it happened and how a repeat could be prevented, writes Duncan Weldon.
Editors’ note: Here’s one of our favorite stories from the archives, now being featured in our Smarter Living collection. Managing your money should be pretty straightforward, but that doesn’t make the task all that easy.
Do you have excellent credit? If so, banks are actively looking to win you as a new credit card customer by offering some unprecedented deals.
If you’re having a hard time deciding which stuff in your basement you should get rid of, ask yourself, “Would I buy this again today?” If you wouldn’t, it might be time to get rid of it.
One issue that you’ll see constantly debated in books and articles about choosing a career is the idea of “doing what you love.
As you approach adulthood and start to think about your future, are you really ready to be financially responsible for yourself? If you answered no, you’re not alone. Pretty scary, isn’t it? If you think about it, most of your friends probably don’t know how to balance a checkbook.
Give it a whirl and let us know how you like it.
Whether you're living paycheck to paycheck or have been blindsided with unexpected expenses, hitting the big 4-0 with nothing in the bank for retirement isn't ideal.
As a product-obsessed entrepreneur and investor, I rarely focus on financing mechanics in the start-up world. It tends to be a binary outcome, and people should join a venture for the team and mission more than anything else.
If your financial plan is to save, save, save and never spend a dime on anything fun, you’ll burn out really quickly. It’s okay to include a little fun spending in your budget, but the “Pick 3" rule can help you make the most of that spending.
We talk a lot about personal finance here at Lifehacker. But if you're living paycheck to paycheck, getting out of debt and starting a successful budget may seem impossible. The Simple Dollar's Trent Hamm has been there. Here's his advice on how to break the cycle and live a happier financial life.
Last week, personal finance site Financial Samurai posted a blog that went viral: Scraping By On $500,000 A Year: Why It’s So Hard For High Income Earners To Escape The Rat Race. If $500,000 is “scraping by,” it’s time for some serious financial literacy.
Happy Financial Literacy Month! We go through the financial moves you should make every month, but April—being tax month and Financial Literacy Month—is a great time to start as any. Here's what you should be doing in the next few weeks.
If you’re not a numbers person, finance is daunting. But having a grasp of terms like EBITDA and net present value are important no matter where you sit on the org chart.