Category: personal finance

The 6 Biggest Mistakes in Creating Multiple Income Streams

It’s likely that you have one primary source of income—just like most people. It’s fine to have a single source of income. It can, however, be dangerous as well. How would you cope if your primary source of income dried up, or your job was lost? That’s exactly what happened in the aftermath of the…


High Borrowing Costs Signify a New Era of Inflation: Bankrate.com

How is the Federal Reserve’s interest rate decision impacting regular Americans? And what can you do to protect your money? NTD speaks to Sarah Foster, principal U.S. economic reporter at financial information platform Bankrate.com. …


Landlords, Don’t Believe These 5 Myths About Online Rent Collection

By Dave Spooner When customers are online, so are businesses. It’s no less true in the rental industry—with customers increasingly embracing online bill pay, online rent collection is only a logical next step for landlords. But online rent collection is often met with hesitancy. Some believe that online payments are less secure or reliable. Others…


American Citizens’ 401(k) Accounts Lost a Fifth of Their Value in 2022

The balances of 401(k) retirement accounts have declined in 2022, with the share of participants who are making “hardship withdrawals” hitting a “new high,” according to a recent report by investment firm Vanguard. “In 2022, the average account balance for Vanguard participants was $112,572; the median balance was $27,376. Vanguard participants’ average account balances decreased…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 15)

Benchmark U.S. crude oil for July delivery rose $2.35 to $70.62 a barrel Thursday. Brent crude for August delivery rose $2.47 to $75.67 a barrel. Wholesale gasoline for July delivery rose 9 cents $2.64 a gallon. July heating oil rose 12 cents to $2.48 a gallon. July natural gas rose 19 cents to $2.53 per…


How Major US Stock Indexes Fared June 15

Wall Street staged a broad-based rally, with the S&P 500 notching the biggest gain yet in its recent winning streak. The benchmark index rose 1.2 percent Thursday. The Dow was up 428 points, and the Nasdaq gained 1.1 percent. Treasury yields fell after mixed reports on retail sales, manufacturing and unemployment claims raised hopes the…


Are Your Bank Deposits Safe?

By Sandra Block and Anne Kates Smith From Kiplinger’s Personal Finance Since the Federal Deposit Insurance Corporation (FDIC) was created in 1933, no bank customer has lost a penny in insured deposits, even during the darkest days of the 2008-09 financial crisis. But that didn’t prevent some savers from breaking into a cold sweat in…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 14)

Benchmark U.S. crude oil for July delivery fell $1.15 to $68.27 a barrel Wednesday. Brent crude for August delivery fell $1.09 to $73.20 a barrel. Wholesale gasoline for July delivery fell 1 cent $2.55 a gallon. July heating oil fell 4 cents to $2.36 a gallon. July natural gas was unchanged at $2.34 per 1,000…


How Major US Stock Indexes Fared June 14

Stocks swung to a mixed close on Wall Street after the Federal Reserve hinted it may raise interest rates two more times this year. The S&P 500 ended less than 0.1 percent higher Wednesday after pinballing from a modest gain before the Fed’s announcement to a modest loss just after. The Dow fell 232 points,…


8 Reasons You Won’t Achieve Financial Independence Before 70

The concept of financial independence isn’t a far-fetched dream! Cultivating financial discipline right from your twenties or even thirties can put you on track with the FIRE (Financial Independence Retire Early) movement. However, most individuals fail to achieve financial independence before their retirement. Now, think that you are 70, and when you look back, you…