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Personal Finance

How To Be Worth $10M Before 40

Quora | Posted 10.07.2015 | Business

To achieve $10 million from $100,000 in 19 years, you need to grow your wealth at a rate better than 27% per year compounded. You can't do that with passive investments alone.

Financial Savvy: Investment Risk vs. Market Volatility

David Rae | Posted 10.08.2015 | Business
David Rae

When the stock market goes crazy, people go nuts. The ensuing insecurity has them thinking that stashing their money in a mattress at home is safer than investing it anywhere with anyone. But one should know the differences between risk and volatility to avoid silly and irrational investing mistakes. Let's clear the confusion once and for all.

Starting Behind the Curve: Millennials and Money

Lule Demmissie | Posted 10.06.2015 | Money
Lule Demmissie

My call to action for millennials is this: Life is a series of choices no matter how good or bad your starting point. You can learn key personal finance and investment strategies now, perhaps alleviate some of the financial pressure, and start to create the life you want.

Managing Your Investments Like an NFL Team

Bob Stammers | Posted 10.06.2015 | Business
Bob Stammers

If you're more excited about the beginning of the football season than sitting down to make a financial plan, you're not alone. Football is a spectacle, but planning your investments is work.

4.6 Million Customers Affected in Scottrade Breach: Are You One of Them? | Posted 10.06.2015 | Business

October is National Cyber Security Awareness Month, and it's off to a pretty dismal start. Following the Experian breach announcement on Oct. 2 that affected 15 million T-Mobile customers, retail brokerage Scottrade announced it had discovered a breach in one of its systems.

Experian Breach Exposes 15 Million T-Mobile Customers, Applicants' Information: What You Need to Know | Posted 10.07.2015 | Business

If you've applied for a T-Mobile phone plan within the past two years, there's a high chance your information may have been breached by Experian -- one of the three major credit bureaus.

It's Time for Impact Investors to Create Compound Impact

Trevor Neilson | Posted 10.06.2015 | Business
Trevor Neilson

We need to think bigger. We need to embrace the notion that capitalism is one of the most powerful forces on the planet, and if we build and invest in businesses that have an explicit social purpose, we can create sustained funding of a type we've never imagined.

It's Open Enrollment: HSA vs. FSA -- What's the Difference?

Carrie Schwab-Pomerantz, CFP | Posted 10.05.2015 | Business
Carrie Schwab-Pomerantz, CFP

As tempting as it may be to ignore the open enrollment information that comes across your desk, I encourage you to consider it carefully. It can be a real plus for your financial health and well-being.

How to Man Up After Getting Knocked Down | Posted 10.05.2015 | Black Voices

There are days in a man's life he never forgets: the births of his children, his first and last games in competitive sports and the moment he's informed that he's out of a job. The latter, of course, is a tough pill to swallow

What Everyone Should Know About Their Payroll Deductions and Bonus Taxes

Aryea Aranoff | Posted 10.02.2015 | Education
Aryea Aranoff

If you've always wondered what makes up the difference between how much you're paid and how much comes to your bank account, you'll be reassured to know that it's complicated. A variety of factors can impact what you take home.

The 45-Minute Financial Literacy Workout For High School Seniors

John Pelletier | Posted 10.07.2015 | Education
John Pelletier

You have many important decisions ahead of you. Ask for help. Do your research before you make these critical choices. The path you choose will impact you for many years to come.

3 Simple Tips On How To Save Money

Quora | Posted 10.02.2015 | Business

Making a million is easier than saving a million. I remember the day I called my mom and told her that was specifically the day I had earned my first million.

Tontines: Strange Name, Great Idea for Retirement (So Good They're Illegal)

Druce Vertes, CFA | Posted 10.01.2015 | Business
Druce Vertes, CFA

The great thing about this tontine is, for a small investment you fund a big part of your needs in the event you are one of the lucky ones to live a really long time.

Losing $180,000 in a Day & Other Millionaire Lessons

Timothy Sykes | Posted 10.01.2015 | Business
Timothy Sykes

It still stings a little bit, but my biggest all-time, one-day loss was a whopping $180,000. I thought I was in the right position shorting a stock, but after it kept getting higher and higher, I had to get out and take a loss on it.

How to Master Your Credit Scores Without a Trial By Fire

Adam Levin | Posted 10.01.2015 | Business
Adam Levin

Learning from our own mistakes, while often unpleasant, is easier in a sense, because it doesn't require compromising another person's privacy (or dignity).

From Strip to Chip: Everything You Need to Know About the New Generation of Payment Cards

Nathaniel Sillin | Posted 09.30.2015 | Business
Nathaniel Sillin

If you travel overseas regularly, you've probably already seen chip card technology in action. It's based on a global standard called EMV and is already at work in countries moving to cashless options for private and public goods and services.

Everything You Need to Know About Finances in Your 20s

Avelist | Posted 09.29.2015 | College

Everyone's different. Different personalities. Different goals. As with everything else, having a healthy financial life can look different for everyone. To find the budget style that's best for you, start by writing down all the elements of your finances:

How to Pay Off Debt

MoneyTips | Posted 09.28.2015 | Business

Personal finance experts love to argue about the best approach to shrinking your debt: paying off loans with the biggest balance first vs. tackling your highest-interest debt. Now comes new research that proves what the smart financial advisers have said all along: the best method is one you can stick with until you're debt-free.

Will Debt Derail Your Retirement?

Carrie Schwab-Pomerantz, CFP | Posted 09.28.2015 | Business
Carrie Schwab-Pomerantz, CFP

While I generally agree that lowering debt before you retire is a good idea--especially 'bad' debt such as high-interest, nondeductible credit card balances--how much debt you can comfortably handle depends on the size of your debt relative to your projected income.

3 Surefire Signs That Your Man Is Bad With Money | Posted 09.28.2015 | Black Voices

If you are dating with the purpose of marriage, then you are going to have to focus on the romance as well as the finance when you are dating.

Should Long-Term Investors Care About an Interest Rate Hike?

Lule Demmissie | Posted 09.25.2015 | Business
Lule Demmissie

Investors, traders, savers and homebuyers - young and old - were fixated on last week's Federal Reserve interest rate announcement, especially in the wake of recent market volatility.

It's Time To Align Your Investments With Your Values

Trevor Neilson | Posted 09.25.2015 | Business
Trevor Neilson

The truth is, a vast number of those who are invested in the stock market have very little understanding of what they're invested in. They rely on fund managers to buy and sell and only pay attention to whether their portfolio is going up or down.

Brazil's Hard Landing

Sara Zervos | Posted 09.24.2015 | World
Sara Zervos

Investors have lost faith in Brazil, and rightfully so. The currency has lost 36% of its value against the U.S. dollar this year, plunging nearly 7% in the last week alone. Yields on its bond issues are spiking, as investors demand higher and higher rates to loan Brazil or Brazilian companies money.

10 Open Enrollment Mistakes to Avoid

Nathaniel Sillin | Posted 09.23.2015 | Business
Nathaniel Sillin

As open enrollment approaches at your workplace, here are some mistakes you might want to avoid.

What to Do When Divorce or Widowhood Puts You in Financial Control for the First Time

Michael Most | Posted 09.23.2015 | Money
Michael Most

Taking an accounting of liabilities and expenses -- ie. what's owed -- is an essential first step to taking full financial control. In the case of divorce, which spouse will continue to pay for certain expenses is typically decided in the settlement.