Nick Molnar is something of an Australian icon. The 30-year-old is credited with reinventing the spending habits of millions of millennials, earning him a spot on his country’s young rich list. And now, as the pandemic supercharges his payments business, its soaring share price has shot him to billionaire status. “You can’t really digest what’s … Read more
MANAGE YOUR PERSONAL EXPENSESManaging your personal finances isn’t as easy as it seems. Rising prices and an uncertain economic climate make the challenges even greater, which is why it’s important that you take steps to get a firm handle on your money needs, assess your situation, and make the appropriate changes. The key is simplification, … Read more
There’s no surefire way to become a millionaire. But there are steps you can take to put yourself on the path towards multimillion-dollar wealth—and obstacles that could be blocking your way. To determine what those stumbling blocks are, Business Insider checked out the Quora thread “What are the biggest obstacles to becoming a millionaire?” and … Read more
There’s not a student alive who hasn’t dreamed about having a bottomless bank account. Here’s how you can increase your chances of becoming a millionaire! While we’ve all dreamt of countless jaunts to far-away destinations and splashing the cash on the luxuries we’ve always wanted, chances are you’re resigned to this never becoming more than … Read more
Grant of Millennial Money found himself unemployed, living at home with his parents, and with a bank account balance of $2.26 after graduating from the University of Chicago. “That was a major wake-up call for me,” says the now 31-year-old, who only goes by his first name. “‘I never want to feel like this again … Read more
The location of your startup is critical to its success.In my book, Startup Cities, I found that each city has a different attitude towards startups. Those cultural differences between regions can make a huge difference in whether your startup can raise capital and hire the talent you need to turn your idea into a fast-growing … Read more
“Let me tell you about the very rich. They are different from you and me.” — “The Rich Boy,” by F. Scott Fitzgerald It’s true: Wealthy people manage their money differently from the rest of us. I’m talking about the truly wealthy, the well-off, or the 1%. Compared to peasants like you and me, they … Read more
Drew Houston is an American Internet entrepreneur who co-founded Dropbox and owns a quarter of the company’s stock. He owns the most individual Dropbox shares. He serves as the Chief Executive Officer (CEO) of Dropbox, an online backup and storage service. Before filing for an IPO in February 2018, he held 24.4% of the voting … Read more
What you know about money management often comes from your experience, advice from your friends, parents, and wife, or a random search on the Internet. These sources of information are sometimes unreliable and can lead to bad money management skills. In this article, we’ll give you seven tips on how to handle your money and … Read more
Over the course of my five-year “Rich Habits” study, I got to know 233 millionaires, who had an average net worth of $4.3 million and learned about their origin stories, their value systems, their career trajectories, and how they approach their money. Even though many of them had different backgrounds and experiences, and started from … Read more