Category: personal finance

5 Passive Wealth-Building Strategies to Add 3 Days to Your Weekend

July 13, 2022
Alternative InvestmentsBrightbudgetingEarning MoneyHalikincomeinvestingPassive Incomepersonal finance
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Many people associate work with punching the clock, the 9-to-5 slog, and saving for retirement. The trouble is, an hourly rate alone will never make you wealthy and drains your most precious resource: time. Fortunately, you have alternative strategies. Unfortunately, you’ve probably never heard about them, as they’re usually reserved for the super-rich. Multimillionaire entrepreneur, angel investor…

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More Mailbag Questions

July 13, 2022
Brightmoneypersonal financeretirementSocial Security
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Last week, instead of writing a column centered around just one Social Security topic, I decided to just reach into my electronic mailbag (my email inbox) and answer whatever questions I pulled out of there. But I ran out of column space before I ran out of questions. So today, more random Social Security questions…

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5 Ways to Research Stocks Like the Pros

July 13, 2022
Brightindividual investorsinvestingpersonal financestocks
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By James Royal From Bankrate.com Knowledge is power on Wall Street, and investing pros have the reputation of being the most knowledgeable. But if you’re not a pro? Well, individual investors can still take advantage of many of the pros’ top techniques and turn some of their own knowledge into real investing success. Individual investors…

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A Beginner’s Guide to Real Estate Investing

July 13, 2022
Brightinvestinginvesting in real estatepersonal financereal estate
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Real estate investing can produce lucrative results if you invest carefully. You can use real estate investments to balance a portfolio, because these investments often outperform when the stock market underperforms, which it certainly has been doing lately. This short guide will help you understand some options available to new investors. The Allure of Real…

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70 Percent of Americans Believe Recession Is Coming and Most Aren’t Ready: Poll

July 13, 2022
Business & Marketseconomic policieseconomyinflationInvestmentMarketspersonal financerecessionUSUS News
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A new poll shows that 70 percent of Americans believe a recession is coming and around two-thirds of those say they’re not financially prepared to face one down. The survey, carried out by MagnifyMoney on a sample of 2,082 respondents, shows Americans are pessimistic about their odds of dodging a recession. Just 6 percent believe…

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45 Ways to Live the Big Life on a Small Budget

July 13, 2022
Brightbudgetbudgetingpersonal financesmall budget
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By Stefanie O’Connell From Gobankingrates.com Living on a small budget doesn’t mean you have to give up the good life. There are ways to eat well, travel and dress like a million bucks without having to drop a whole bunch of cash. Make Money With Your Bank Accounts Everyone needs somewhere to put their money, but there…

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Markets Brace for Inflation Report, Analysts Predict Biggest Price Jump in 41 Years

July 13, 2022
Business & MarketseconomyFederal ReserveinflationInvestmentMarketspersonal financerecessionUSUS News
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Markets are bracing for the release of government data on inflation on Wednesday, with analysts predicting prices grew 8.8 percent in June, outpacing the prior month’s pace, putting the Fed on track to maintain its path of aggressive rate hikes. Analysts at a number of Wall Street banks and other financial institutions have issued forecasts…

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Dad Already Made the Decision

July 12, 2022
Brightinheritancepersonal financePolicyrelationship
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Dear Dave, My father-in-law passed away earlier this year. Since then, my wife and I have faced a dilemma because of the inheritance. Her dad had several life insurance policies, and he left one to her and one to each of her siblings. The one he left my wife was bigger than the ones he…

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Newly Self-Employed? Options for Health Coverage

July 12, 2022
Brightinsurancepersonal financeSelf Employedself-employed health insuranceWealth Management
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So you’ve decided to take that big step and work for yourself. Whether you’re a freelancer or a self-employed entrepreneur, there are exciting new challenges and opportunities. The results of all your hard work now go into your pocket. But there are some expenses that you may not have had before. One is health insurance….

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Bank of America Reports Slowdown in Consumer Spending

July 12, 2022
Bank of AmericaBusiness & Marketsconsumer price indexconsumer spendingeconomyinflationPersonal Consumption Expenditures PCE Price Indexpersonal financeUS
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An analysis of Bank of America’s (BoA) aggregated credit and debit card spending growth per household has shown a slowdown in such activity, underlining the negative effect of inflation. “In the 28-day period ending June 30, aggregate Bank of America card spending (credit and debit) per household was up 3.3 percent YoY (year-on-year). This was…

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