Tag #Personal Finance

Showing 1 to 12 of 143 results

thetimes.com
🌐 65% Global Worthiness
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Forensic Pathologist's Financial Journey: From £30,000 to £300,000+

A forensic pathologist details his financial life, from a modest upbringing to a high-earning career, including significant investments in property and the challenges of unexpected expenses.

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0% Bias Score

Reduced Inequality
forbes.com
🌐 65% Global Worthiness
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Mamba Mentality: A Kobe Bryant-Inspired Guide to Financial Success

Kobe Bryant's "Mamba Mentality", a philosophy of continuous self-improvement, offers a framework for improving personal finances by emphasizing financial literacy, consistent saving and investing, calculated risk-taking, and adapting to change.

Progress

28% Bias Score

No Poverty
sueddeutsche.de
🌐 65% Global Worthiness
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Lending Money to Friends: Navigating Financial Risks and Relationships

The article discusses the challenges of lending money to friends in Germany, emphasizing the importance of clear agreements and open communication to protect both financial interests and relationships.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Spending Habits: The Cornerstone of Successful Retirement Planning

A successful retirement plan hinges on understanding monthly expenses; those who manage spending effectively, regardless of income, are better positioned for financial security than those who don't, highlighting the importance of behavioral adjustments over solely investment strategies.

Progress

32% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Fed Holds Interest Rates Steady, Leaving Borrowers with High-Rate Debt Burdened

The Federal Reserve kept its benchmark interest rate frozen at 4.25%–4.50%, disappointing borrowers with high-rate debt, particularly credit card debt averaging $8,000 and rates near 23%, until their mid-September meeting.

Progress

52% Bias Score

No Poverty
theglobeandmail.com
🌐 65% Global Worthiness
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Cash-Flow Planning Improves Financial Outcomes

Financial planners are shifting from traditional budgeting to cash-flow planning, using a three-bucket system (committed expenses, spendables, and goals) to improve client financial outcomes by addressing behavioral spending habits and promoting savings.

Progress

32% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Record-High U.S. Credit Card Debt Fuels Demand for Safe Debt Consolidation Strategies

The total U.S. credit card debt has hit a record \$1.21 trillion, with an average of \$8,000 per cardholder, leading many to seek debt consolidation strategies; however, some methods can harm credit scores while others, like debt management programs or personal loans, offer safer routes to financial...

Progress

44% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Rent vs. Buy in Canada: A Generational Financial Dilemma

In Canada, the soaring cost of rent is prompting a debate on the viability of lifelong renting versus homeownership, with experts highlighting the substantial lifetime rental costs and the risks associated with both options.

Progress

16% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Post-Mortgage Financial Planning for Canadians

Canadians paying off their mortgages, averaging $776,400, should strategically reallocate freed-up funds towards debt reduction, retirement savings, and long-term financial planning, considering ongoing homeownership costs and individual financial goals.

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36% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Home Equity Lending: Weighing HELOCs Against Fixed-Rate Loans in Current Market

With average home equity exceeding \$300,000 and high interest rates on alternative financing, homeowners are considering \$100,000 HELOCs for lower interest rates; however, rate cuts' impact on HELOC payments and the viability of fixed-rate home equity loans need careful consideration before procee...

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Timing of Advice Significantly Impacts Effectiveness: Study

A recent study in the Journal of Behavioral Decision Making found that people are more receptive to advice after forming their own opinion, challenging economic assumptions about rational decision-making and impacting the design of financial advice tools.

Progress

32% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Defensive Budgeting: A Strategy for Handling Unpredictable Income

A Canadian woman shares her "defensive budgeting" strategy for handling unpredictable income due to her husband's contract work, prioritizing expenses, pre-paying irregular costs, and systematically saving for various goals.

Progress

32% Bias Score

No Poverty

Showing 1 to 12 of 143 results