personal finance

Personal-finance guru Ric Edelman says the United States is "failing its youngest investors," claiming that despite years of effort, "we spend a lot of time trying to improve financial literacy — we stink at it." What Happened: Edelman, speaking with CNBC's "ETF Edge" argued that inadequate...

Famed investor Peter Lynch cautioned against the practice of market timing, underscoring the significance of retaining shares of robust companies amidst market turbulence. What Happened: Lynch has consistently endorsed a disciplined, long-term investment strategy. He asserts that attempts to...

Oracle of Omaha Warren Buffett dispensed some essential guidance for budding investors – associate with the right people and engage in work that you are passionate about. What Happened: Buffett, at the Berkshire Hathaway’s (NYSE:BRK) Annual General Meeting on Saturday,...

Kevin O’Leary, a prominent entrepreneur and investor from ABC’s Shark Tank, recently shared his perspective on Social Security and retirement planning. What Happened: O’Leary underscored that Social Security was never meant to be the only income source for retirees. He pointed...

In a recent interview, NBA legend Shaquille O’Neal shared his financial advice and money-saving tips. What Happened: The NBA superstar, who has amassed an estimated $700 million throughout his illustrious career, underscored the significance of saving. Shaq’s personal wallet includes a...

In a hypothetical scenario, consider a couple with a $300,000 individual retirement account (IRA) and rental properties generating $3,000 monthly income. They aim to retire at 65. This situation prompts an important question: What does the average American need to retire, and how does this couple...

Noted financial expert Suze Orman has shared her opinion against eating out, branding it as a significant squandering of monetary resources. What Happened: On Monday, during an interaction with The Wall Street Journal, Orman, who is a best-selling author and podcast host, expressed her...

This is not a "rags-to-riches" story but, rather, one that recounts the move from wealth to even more wealth. For those resigned to the fate of a monthly paying job, which more often than not is demanding and taxing, the story of Steve Adcock should truly serve as an inspiration. Who's Adcock: Not...

There’s no quick fix or magic bullet for eliminating debt. However, coming up with a solid strategy for paying down debt and sticking to that plan is absolutely necessary. The smartest and fastest way to eliminate debt is a strategy known as the debt avalanche. Take Inventory Regardless of...

Americans are bad at saving money, but there is some encouraging news. Americans are feeling better about how much cash they're saving, according to a new Bankrate.com report. Although any improvement in sentiment is welcome, the fact remains that American consumers aren't putting away more...

A survey commissioned by Experian plc (ADR) (OTC: EXPGY), Get Rich Slowly and other personal finance blogs asked Americans if they are on track to comfortably retire. A recap of survey was posted on Get Rich Slowly and showed a concerning 71 percent of Americans are behind on their retirement...

A colossal cyber-attack has made global headlines this weekend, nipping at the heels of President Obama's newly implemented cybersecurity agency. "It's the biggest single episode of cybercrime to be discovered," Kate Palmer of UK's The Telegraph reported. The New York...

Budgeting may seem like an easy task: You look at what you make and then make sure what you spend is not more than that amount. You may have a few snares that need to be planned for -- bills appearing at odd times, that emergency car repair, a special trip to the salon for a friend's...

Acclaimed personal finance guru Patrice Washington spoke with Benzinga this week about financial security for the Everyman. With a genuine demeanor, Washington tries to keeps all things money down to earth, simplified and logically relevant. Emphasizing that wealth has more to do with...

Within a shared-financial household, money can spark problems. Given that one person might make more money, one might handle paying the bills, one might be thrifty and the other spendthrift, who should have what power over the purse? The experts below agree power should be shared, and that the...