Category: personal finance

6 Pieces of Timeless Business Advice From Ford, Hamilton, Rockefeller, and More

By Hayden Field In the 2015 musical Hamilton, Alexander Hamilton is championed for furthering his career “by working a lot harder, by being a lot smarter, by being a self-starter.” In a 2016 episode of Saturday Night Live, Benjamin Franklin is featured as a fictional guest at the very first Thanksgiving. And in the 2018 Netflix…


Food Inflation Soars to Highest Level Since 1980, With More Pain to Come, Producers Warn

Food prices in the United States shot up in May at their fastest annual pace in 42 years, according to new government data, with some food producers warning American households to brace for more inflationary pain ahead as some input costs have yet to be reflected in grocery store prices. The food component of the…


Social Security and You: Reach in the Mailbag

I usually like to write columns centered on one particular Social Security topic. But every once in a while, I just like to reach into my email inbox and answer whatever questions I pull out of that online mailbag. Q: I am 82. My wife is 80. We both took our benefits at 66. I…


How Will the Sharpest Rise in Mortgage Rates in 3 Decades Affect Home Prices?

By Jeff Ostrowski From Bankrate.com Mortgage rates are climbing fast. The national average rate on a 30-year mortgage rose to 5.91 percent this week, surging from just 2.87 percent in August 2021, according to Bankrate’s national survey of lenders. The last time mortgage rates rose so swiftly was in 1994. In late 1993, rates were…


32 Proven Ways to Make Extra Money Fast

By R.L. Adams Some day you won’t have to worry about rent money and credit card debt. But in the meantime, you have to take control of your financial situation. In a bind? Need to earn money fast? We’re talking about small bursts of capital, not millions of dollars, but enough to satisfy your monthly obligations…


How to Save Money on Gas and Get More Bang for Your Buck

Gas prices have just about reached an all-time high. Since this is sure to put a crimp in your budget and may affect your summer travel, you are probably trying to find creative ways to save money on gas. Here are some practical tips to help you save money at the pump and burn less…


3 Inflation-Proof ETFs to Put Into Your Portfolio

By Melissa Brock If you’re concerned about inflation, you’ve got a good reason. Inflation has hit its highest level since 1982 to an increase in the level of prices of the goods and services that households buy. What do you do when commodity prices are surging? High inflation can be the result of a hot economy or companies….


What Does the G7 Russian Gold Ban Mean for Gold Stocks?

The G7 plans to announce a ban on Russian gold imports. But does that really matter for investors? While there hadn’t been an official Russian gold ban until now, this news isn’t exactly a surprise to the industry. And we’re seeing a lack of reaction in gold prices on June 28. Typically, a ban on imports…


Money Mistakes You Make via Email and How to Fix Them

While bank statements, invoices, and other emails may make you automatically bring your precious dollars to mind and help you to stay on track, other financial-related emails indirectly affect your bottom line just as much but they tend to go overlooked. If you choose to keep ignoring them, you might be making a money mistake. Not Keeping…


Passing Down Wealth Without a Tax Burden

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…