When it comes to hedging against inflation, Elon Musk and Warren Buffett have recommended similar strategies. On Sunday, Tesla CEO Musk tweeted that in times of high inflation, it is “generally better to own physical things like a home or stock in companies you think make good products,” rather than keeping your money in cash. … Read more
1. Start as Early as Possible The first of Bill Gates’ success lessons is to start as early as possible. Bill Gates was only 13 years old when he started working with computers. When you start something early in your life, you become moulded around it. Not only will you have a chance of becoming successful … Read more
Oprah Winfrey is an incredible talk show host, actress, producer, and philanthropist. Her Net worth is 2.6 billion USD as of 2022. After developing her own very successful business whilst making other people’s lives better, her recommendation to other entrepreneurs trying to do the same may be very useful. Interpreted from numerous inspirational quotes from … Read more
When Microsoft co-founder Bill Gates speaks, people tend to listen. Not only is Gates an acclaimed businessman and investor, but he’s also a well-known philanthropist who’s made it clear that he’s passionate about educating others. As such, it pays to take a lesson or two from someone who’s managed to accumulate well over $100 billion … Read more
It’s no secret that people with money like to shield their earnings from the IRS. What is often a secret, however, is how and where they do it. 1 . Playing hide-and-seek with Uncle Sam:— No one enjoys paying taxes. So, no matter your income level, searching for new tax breaks can be a wise … Read more
Without a doubt, Bill Gates is a genius. The Microsoft co-founder dropped out of college at age 19 because he believed a computer should be on every desk and in every home. You only put a lot of money and time into something when you have relentless confidence in your abilities. But there was another … Read more
You might think that a person who covers personal finance would be naturally smart about money in her personal life. No. Not at all. Grownup financial stuff? My mistakes have been plentiful. How long has this been going on? I’m closer to the earliest Social Security claiming age of 62 than to when I was … Read more
The more you save, the sooner you will be able to retire. But how much money do you need to accumulate before you can retire? Lauren Lyons Cole, a Business Insider reporter, breaks it down in the graph below. To retire at 40, first calculate your annual spending and divide it by 4%. (0.04). This … Read more
Perhaps there is no more important decision than taking charge of your financial future. We live in a world of opportunity, and yet most Americans are buried in credit card debt and other types of debt. People who are becoming wealthy are all around us, but most of us are standing still. You are literate, … Read more
Becoming a millionaire is a reachable goal if you start young and develop the right habits. People should want a seven-figure net worth because they want to be financially secure, not because they want to be famous or live in style. “Having money for the sake of having money or ‘being rich’ never leaves a … Read more