It’s not hard to see why people find the concept of FIRE—short for Financial Independence, Early Retirement—appealing. Followers of the movement aim to hide as much of their income as possible in investment accounts. The more aggressively they save, the sooner they reach their so-called FIRE number, i.e. the amount of money in their account … Read more
Jackyenjoy photography | Moment | Getty Images The start of 2024 has not been kind to workers in industries that started the year with layoffs. Google cut several hundred jobs in its central engineering, hardware and assistant teams. Amazon is shedding hundreds of positions in its Prime Video, MGM Studios, Twitch livestreaming and Audible divisions. … Read more
Extreme Photographer | E+ | Getty Images As inflation continues to decline across the US economy, some consumer categories have fallen into outright deflation. In other words: Americans are seeing a decline in the prices of some items. Economists said these declines were largely in physical goods rather than services. Demand for goods surged at … Read more
Forgiveness is coming soon for some federal student loan borrowers. If you have a Savings for Value Education repayment plan, originally borrowed $12,000 or less and have been paying for at least 10 years, you will be eligible to have all arrears forgiven, which was a provision originally planned to be introduced. this summer. However, … Read more
David, 33, and Halima, 37, are nearly $520,000 in debt. But, “I actually feel like I’m rich,” David told self-made millionaire Ramit Sethi on his “I Will Teach You to be Rich” podcast in December. Their last names were not used. The couple makes a combined $192,528 a year, and the mortgage on their New … Read more
U.S. President Joe Biden speaks at Montgomery County Community College on January 5, 2024 in Blue Bell, Pennsylvania. Almond Ngan | AFP | Getty Images The Biden administration announced Friday that it will soon begin forgiving student loans for borrowers who have made payments for a decade or more and initially took out $12,000 or … Read more
Japanese baseball player Shohei Ohtani attends a press conference to announce his presentation after signing a 10-year contract with the Los Angeles Dodgers at Dodgers Stadium in Los Angeles, California on December 14, 2023. Frederic J. Brown | AFP | Getty Images While the California comptroller is calling for a cap on deferred income, that … Read more
About Arslanoglu | E+ | Getty Images Are your unused gift cards sitting on dust? You can exchange these cards for cash. Gift cards are among the most popular gifts during the winter holiday season: 44% of consumers planned to give one as a gift in 2023, second only to apparel at 56%, according to … Read more