.Steal These Money Secrets From 25 Millionaires Under 25

Here's how to make and manage money to become a millionaire.

By Cynthia Measom March 31, 2021

Unless you’re independently wealthy, you’ve probably entertained the idea of being a millionaire. As you read about the latest celebrity splurge, you might wonder what a normal person can do to make that kind of money.

The rich often know the secrets to financial success, and now you can, too. By knowing how these 25 millionaires under 25 amassed their fortunes, you can get some personal finance and budgeting tips that apply to your own life and growing bank account.

.What It’s Really Like to Live on $50K, $300K and $1M

Yes, even millionaires have money trouble.

By Jordan Rosenfeld January 15, 2021 Build Your Wealth

Wealth is relative. An annual income of $50,000 might be more than enough for a single person living in a mid-sized city. But a family of four in New York City might feel pinched on $500,000 if they live in a penthouse apartment, pay private school tuition and own a second house in the Hamptons. Even a big paycheck might not go far in some parts of the country if you have an over-the-top lifestyle.

To find out what life is like at various income levels in very different areas, GOBankingRates talked to three people with three very different paychecks. You might be surprised by the similarities and differences in their spending and saving habits. Click through to find out what it’s like to live on $50,000, $300,000 and $1 million and whether salary alone can make you wealthy.

.Bank Fraud Is On The Rise — Here Are 4 Ways To Protect Your Bank Account

Korin Miller June 3, 2021

One of the scariest things about internet fraud is knowing that someone could hack your bank account if they happen to get a hold of certain personal information. It's only natural, then, to wonder about how to protect your bank account from fraud.

Bank account fraud happens, and it can mean the difference between you keeping your hard-earned money and seeing it vanish. Bank fraud attacks increased 159 percent over the past year, according to an analysis of 12 billion global transactions over the past year by risk management platform Feedzai, making this a very real risk.

.25 Secrets Every Rich Person Knows

Gabrielle Olya Tue, June 22, 2021

If it seems like the rich know something about money that the rest of us don't, it's probably because they do. There must be some reason the richest 1% of people now hold more than 40% of the world's wealth, according to the Credit Suisse Global Wealth Report. Maybe the rich have certain secrets to accumulating wealth -- but that doesn't mean what they know has to remain a mystery. Learn about strategies that you can use so you can build your own wealth, too.

Spending Must Align With Goals

One of the keys to being rich is having goals, said Michael Kay, president of Financial Life Focus and author of "The Feel Rich Project." "(The rich) know what they care about," he said. "Maybe it's passing wealth to another generation, maybe it's attaining a particular lifestyle. They are mindful of not wasting resources on things that have no value."

.11 Basic Money Moves Everyone Should Make During Hard Times

By Gabrielle Olya

The coronavirus pandemic has taken a major hit on the economy and the personal finances of workers across the country. The national unemployment rate was as high as 14.7% in April 2020. It's down to 6.1% now, but many Americans are still struggling to find jobs that pay them enough to stay afloat.

Whether you've lost your job, are experiencing reduced hours or are among the fortunate Americans who are still employed, here are the money moves experts say everyone should be making right now.

.Bill Gates and 15 More Rich People Who Won’t Leave Money to Their Kids

By Rachel Hoffman March 4, 2021

These members of the elite want their kids to tough it out.

Having rich and famous parents comes with its perks -- which can include a sizable inheritance. But some business people and celebrities aren't looking to pass on their riches to their kids. Instead, they're looking to donate their riches to charity or just want their kids to tough it out.

Mark Zuckerberg

Facebook founder Mark Zuckerberg became a billionaire before the age of 32 and is today worth $104 billion. But he won't be sharing the majority of his money with his daughters, Max (age 4) or August (age 3). In a letter to their newborn daughter in 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their company shares, which topped $45 billion at the time.

.10 Reasons Why Talking To Kids About Money Is More Important Than Ever

By Gabrielle Olya

The coronavirus pandemic has disrupted many families' finances. Many parents have lost their jobs or have had their hours cut and are bringing in reduced earnings. Others might have lost money due to the stock market plummeting. These changes can obviously have an effect on their children, but money can be a difficult thing to talk to kids about. Even if you haven't felt adverse effects from the coronavirus pandemic personally, it's still a good time to have an honest conversation about money with your kids.

Here's why now is a good time to talk to your kids about money, plus how to have these important financial conversations.

.Why You Need To Cut Your Kids Off — and How To Do It

By Gabrielle Olya

Find out how to stop enabling your grown child.

If you're an empty nester who's still financially supporting your adult children, you're not alone. A survey of more than 1,800 empty nesters across the country conducted by 55places, an adult community comparison site, found that nearly 40% are still financially supporting their children in some way. Those who are still providing financial support spend an average of $254 per month on their child or children, with the most common expenses being cellphone plans, rent and groceries.

Although you might feel compelled to lend a helping financial hand to your kids, doing so can put you at risk of jeopardizing your own finances and retirement plans. Take these steps to cut off your children so you can retire comfortably one day.

.The Best Financial Advice From 7 Real Dads

Jordan Rosenfeld Fri, June 18, 2021,

Learning how to earn, manage and invest money isn’t something that kids are typically taught in school. In fact, according to Youth.gov, many kids lack basic financial knowledge of everyday situations, from budgeting to reading an invoice. In one financial survey, high school seniors only scored an average of 48% correct, revealing a need for financial education. Who better to get money advice from, then, than dads with financial expertise? Here’s what seven fathers with real-life wisdom shared.

Adopt a Growth Mindset

Jonathan Sanchez, father of two, a real estate investor and co-founder of Parent Portfolio, teaches his kids to think beyond just how much something costs.