By Brandon Turner Two major books were published in 1926 that rocked our world: Winnie-the-Pooh and The Richest Man in Babylon. Although “stuffed with fluff,” Pooh Bear might have had a larger impact on American pop culture, but it’s The Richest Man in Babylon that has made a massive financial impact on untold millions of readers, myself included, over the past…

By Joe Edgar Over the last 50 years, home prices in the United States have increased by more than 5 percent annually on average, according to the National Association of Realtors. This means that the $200,000 home you buy today could be worth more than $864,000 in 30 years when your mortgage is paid off. It’s no…

Parents and grandparents give a great deal to their children and grandchildren. One of the most tangible legacies they can give is generational wealth. When passing down wealth, most people want to avoid taxation as much as possible, so as to give the maximum amount to their heirs. Estate Tax Exemption An estate tax is…

Poverty and unemployment in Hong Kong have reached a record high, and the national minimum wage has been frozen for the past three years. One political commentator blames the Chinese Communist Party for the current situation. Contrary to many countries that have raised the minimum wage to counter the negative impact of COVID-19, Hong Kong’s…

Many people falsely believe that conservatives are wealthier and more selfish than liberals when the opposite is true. Studies have shown that conservatives on average give more money and volunteer more time to charity than liberals, even though they’re less wealthy on average. This is because conservatives believe that charitable giving is both morally good…

Veteran value investor and Berkshire Hathaway Inc. CEO Warren Buffett’s net worth on Thursday shot past that of Meta Platforms Inc. CEO Mark Zuckerberg’s, as per the latest data from Bloomberg Billionaires Index. What Happened With a net worth of $111 billion, Buffett ranked sixth among the world’s richest people and passed Zuckerberg who is…

U.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on Thursday, though the $2.4 trillion gain over the period was the smallest since the rebound from the coronavirus pandemic began. Real estate values added around $1.4 trillion to overall wealth, according…

The stock market saw an overall plunge on Friday after a discouraging November jobs report coupled with COVID-19 Omicron variant concerns. Technology stocks were among the most notable losers on Friday as Tesla Inc. fell 6.4 percent. With that, Tesla CEO Elon Musk’s net worth fell by $15.2 billion. That leaves Musk’s fortune at $268.9…

News Analysis In recent years, Chinese leader Xi Jinping has gradually tightened control over private capital. State-owned enterprises took over countless private businesses amid a wave of bankruptcies and in a bid to redistribute wealth. During a conference with Chinese Communist Party (CCP) officials on Aug. 17, Xi called for “common prosperity” and redistribution of…

JPMorgan Chase & Co. reported a bigger-than-expected 24 percent jump in third-quarter profit on Wednesday, boosted by a global dealmaking boom and strength in its wealth management arm. The bank, whose fortunes reflect the health of the U.S. economy, said robust M&A activity offset a slowdown in trading. Its consumer bank also reported a strong…