4 Savvy Money Moves My Rich and Poor Clients Have in Common
I’m a Financial Advisor: 4 Savvy Money Moves My Rich and Poor Clients Have in Common
October 21, 2024 by Cindy Lamothe
With their lavish vacations, enormous homes and successful careers — it can seem as if the wealthy have a playbook of rules only they can access. But as it turns out, any of us can make the same money moves and reap the benefits.
GOBankingRates spoke with Abid Salahi, finance expert and cofounder of FinlyWealth, to discuss the savvy money strategies both his rich and poor clients have in common.
“I’ve worked with clients across various wealth levels and observed some common savvy money moves that transcend income brackets,” he said.
Kickstart a Frugal 2025 With These 9 Expert Money Challenges
Kickstart a Frugal 2025 With These 9 Expert Money Challenges
Cara Danielle Brown Sun, January 5, 2025 GOBankingRates
If you indulged in a bit too much online shopping or partook in a few too many girls’ trips in 2024, you may be looking to start 2025 on a more financially savvy note. After all, those Steve Maddens were undoubtedly cute, but ordering 10 different styles may have been overkill.
Since it’s never a bad idea to build better financial habits, cut unnecessary expenses, and boost savings, GOBankingRates put together nine ways for you to kickstart a frugal 2025, according to some expert penny pinchers.
6 Bad Pieces of Money Advice
Suze Orman: 6 Bad Pieces of Money Advice
Nicole Spector Fri, January 3, 2025 GOBankingRates
There has always been bad advice out there about what to do with our money. But now, in an increasingly digital age where many of us are glued to social media apps, inhaling particle after particle of “expert” information, we’re inundated with all sorts of financial advice. Some of it is salient and good; but some of it could be terrible for us, or, at best, not rightly sized for our needs and wants.
Suze Orman has become a multimillionaire as a personal finance guru, and is quick to call out a piece of advice about money that should be avoided. Let’s look at six bad pieces of money advice that Orman has bluntly struck down.
5 Reasons Everyone Seems Richer Than You
Rachel Cruze: 5 Reasons Everyone Seems Richer Than You
Rafaela Stalbalk Klose Wed, January 1, 2025 GOBankingRates
n today’s digital age, feeling like others are financially ahead is a common experience. Social media, advertising and the constant showcase of others’ lifestyles can create a pervasive sense of inadequacy, making it seem like everyone else is wealthier and more secure.
Understanding the factors that contribute to this perception and implementing effective financial practices — such as emphasizing net worth, setting clear goals and reducing reliance on debt — makes financial satisfaction more attainable. Rachel Cruze, personal finance expert and author, explored the reasons behind these feelings and provided strategies to regain financial confidence in a recent YouTube video.
10 Most Awesome Things You Can Do for Your Finances in 2025
I’m A Financial Advisor: 10 Most Awesome Things You Can Do for Your Finances in 2025
December 14, 2024 Written by Cara Danielle Brown Money / Financial Planning
Looking to make the most of your finances in the new year? Some may think taking financial risks or chasing trends is key to maximizing potential.
But, according to financial advisor at 4 Generations Wealth Management, Michael Fiammetta, the best thing one can do next year is the same thing he or she can and should be doing every year: master the basics.
Here are 10 awesome things you can do for your finances in 2025 and every subsequent year thereafter.
It's Time To Reset Your Finances For 2025's Knowns and Unknowns
It's Time To Reset Your Finances For 2025's Knowns and Unknowns
J.J. McCorvey Updated Wed, January 1, 2025
2025 could bring economic changes with the potential to hit millions of people’s wallets in different ways.
A series of stock market gains have fueled retirement investments at the same time that catastrophic storm damage is causing steep repair costs and making thousands of homes virtually uninsurable. Meanwhile, the incoming Trump administration is eyeing deeper tax cuts along with a rollback of newly built guardrails around consumer finance.
While uncertainty abounds in the year ahead, “people can empower themselves the most by focusing on what they can control — those things that will be valuable regardless of what happens in the world,” said Kevin Mahoney, founder of Illumint, a Washington, D.C.-based financial planning firm.
6 Ways To Prevent Your Property Value From Plummeting in 2025
6 Ways To Prevent Your Property Value From Plummeting in 2025
John Csiszar Mon, December 30, 2024 GOBankingRates
Property values have had quite a run since the 2020 pandemic, more than doubling in many markets. Between that run-up, high inflation the past two years, persistently high interest rates and the long time since the last recession, some market watchers are concerned about the lofty valuations in certain housing markets. While a true housing crash seems to be unlikely, there are some areas you might want to avoid — or steps you might want to take — to help protect your investment. Here are some suggestions.
Tips For A Financially Healthy 2025
Tips For A Financially Healthy 2025
Russ Wiles, Arizona Republic Sun, December 29, 2024
The economy enters 2025 in reasonably good shape, with a low unemployment rate, modest inflation, a trend toward declining interest rates and strong corporate profit growth that has been giving the stock market a lift.
It's thus not a bad backdrop for getting a fresh start on improving your finances. Here are some trends, issues and tips to mind in coming weeks:
7 Financial New Year’s Resolutions for Gen Z
7 Financial New Year’s Resolutions for Gen Z
Ashley Donohoe Mon, December 30, 2024 GOBankingRates
The Fidelity Investments 2025 Financial Resolutions Study found that Gen Zers came in second behind millennials for feeling financially optimistic, making plans to reach financial goals and being willing to set resolutions. However, some in this group struggle with paying off student debt, lack sufficient savings and have a hard time managing expenses.
If you’re an adult Gen Zer, starting 2025 with some smart money goals can help improve your financial stability and prepare you for big decisions, including buying a home and starting a family.
3 Things To Sell To Pay Off Holiday Credit Card Debt
3 Things To Sell To Pay Off Holiday Credit Card Debt
Andrew Lisa Sat, December 28, 2024 GOBankingRates
If your generous nature outperformed your budget this holiday season, hopefully you’re anticipating a year-end bonus to cushion the blow. If not, look around — your ticket out of a post-holiday financial fiasco might be hiding among your household clutter.
The most common advice is to sell things like vinyl records, trading cards, comic books and classic toys. The problem is that those kinds of collectibles tend to carry significant sentimental value and — unless they’re truly rare, unique and pristine — are usually rendered next to worthless by the law of supply and demand.
What To Know And Do If You Win The Mega Millions Jackpot
What To Know And Do If You Win The Mega Millions Jackpot
Medora Lee and Amaris Encinas, USA TODAY Updated Thu, December 26, 2024
'Keep it quiet:' Here's what to know and do if you win the Mega Millions jackpot
Whether you bought a ticket yourself or got some as a stocking stuffer, could that $1.15 billion Mega Millions jackpot have your name on it? The odds may be against you − like 1 in 302.6 million − but that doesn't mean you can't prepare.
If there is a winner, Mega Millions jackpot would be the fifth-largest jackpot in Mega Millions history, making the take-home prize a lump-sum payment of an estimated $516.1 million after taxes. How do you even begin to get ready for a windfall like that?