Personal Finance

The phrase "the one percent" gets tossed around a lot in conversations about wealth and inequality, whether in politics, protests, or everyday chats. But what does it mean to be in the top 1%? Let's break it down by income and net worth to get a clearer picture of who's part of this exclusive group...

In a recent episode of The Ramsey Show, financial expert Dave Ramsey didn’t hold back when discussing the Federal Reserve’s latest rate cuts and timing – just weeks before a major election. Ramsey, known for his no-nonsense approach to personal finance, raised questions about the...

Grant Cardone, the motivational speaker and real estate mogul, isn't shy about sharing his wealth-building strategies. His recent tweet caught attention when he said, “It's easier to build wealth than it is to be born into it, but if you can figure out the latter, I highly recommend it....

Retirement is a huge milestoneand one of the biggest questions people face is whether they have enough saved up to live comfortably.  If you've managed to save $1.2 million by 62, you're probably wondering if that's enough to carry you through your retirement years. But even more importantly,...

Shaquille O'Neal, one of the most dominant forces in NBA history, has made it clear that his success extends far beyond the basketball court. Known for his larger-than-life personality and countless business ventures, Shaq's true motivation has always been rooted in his family, especially his...

According to new research, almost half American households, about 45%, are expected to run out of money in retirement if they stop working at 65. This raises some serious red flags, especially as more people live longer and rely on their savings to fund retirement. The study, conducted by the...

As 2024 progresses, it's important to be aware of several required minimum distribution (RMD) rule updates, particularly if you are nearing retirement. Whether navigating the new RMD age limit or looking at your charitable giving strategies, these changes can impact your retirement income, taxes...

Congratulations on reaching the coveted $1 million retirement savings milestone! You’re among an elite group of savers.  According to data from the Employee Benefit Research Institute (EBRI), only about 3.2% of Americans have $1 million or more in their retirement accounts. Now that you...

When moving funds from a 401(k) to an individual retirement account (IRA), many investors unintentionally leave their money in cash, a costly mistake that often goes unnoticed. A recent Vanguard study shows that many Americans unintentionally leave their IRA funds in cash after a rollover. When...

Taylor from Pennsylvania had a unique problem most of us wouldn't mind facing – she recently won $800,000 on a game show! But with a big win comes big decisions and she called into Dave Ramsey's show to get some guidance. The call was posted on The Ramsey Show Highlights YouTube channel under the...

Imagine this: you're 37 years old, 100% debt-free, and your net worth just passed the million-dollar mark. Pretty incredible, right? Jack, from Oregon, is living that dream.  In a video posted on The Ramsey Show's YouTube channel, titled "I've Got More Money Than I Can Use and I'm Miserable,"...

Momentum and value investing are two distinct investment approaches with their own strengths and risks. While momentum investing relies on following existing price trends, value investing focuses on identifying undervalued shares before a market correction. Read on to learn more about the...

A few weeks ago I saw a tweet that said that Tim Walz, the Democratic vice presidential candidate, had a net worth of around $330,000. I didn’t know much about Walz at the time, but I did know that he had a considerable amount of pension income. As a result, the $330,000 figure...

Ever wonder if you're doing better financially than your friends? It's a common thought, but you can't ask them for their bank balance.  So, how do you figure it out without making things awkward? Here's a simple, no-guesswork method using statistics and data. Don't Miss: The average American...

When you think of millionaires, careers like tech entrepreneurs or Wall Street brokers probably come to mind. But, according to financial expert Dave Ramsey, that might not be true for most millionaires. In a recent study by his team, Ramsey revealed the top five careers of millionaires and they're...