NEW YORK (Reuters) – The stereotype of American millennials is not pretty: Hanging out in basements, sponging off mom and dad, not making much money to speak of, and not really sure of what to do with it, when they do get it.
But what if – as evidence suggests – that stereotype were all wrong? What if 20-somethings and 30-somethings are actually off to a pretty good start in retirement planning – and might turn out to be the savviest savers of all?
NEW YORK (Reuters) – Lance Cothern remembers when he finally hit the tipping point with office fundraisers.
It was just last year, and the Florida panhandle manufacturing company where he worked had become a hot bed of collections activities. Then the firm passed around cards offering to skim a percentage of every paycheck for a particular charity.
NEW YORK (Reuters) – When Reuters asked some of the nation’s finance gurus about their first jobs, we were taken aback by their down-to-earth answers.
Vanguard Group co-founder Jack Bogle? A pinsetter in a bowling alley. Abby Cohen, the famed strategist at Goldman Sachs? A mail sorter at New York’s Kennedy Airport.
NEW YORK, Oct 21 (Reuters) – You’ve heard of Doomsday
Preppers: folks who think cataclysmic events are on the way, and
who want to be prepared by stockpiling resources.
Now meet the Currency Preppers.
With government dysfunction on full display in Washington,
and the Federal Reserve continuing its policy of bond buying
known as quantitative easing, some investors are feeling highly
unsettled about the future of the U.S. dollar, which hit
eight-and-a-half month lows on Friday against the euro
and a basket of foreign currencies. So much so, they have
decided to hold some cash in foreign currencies.
NEW YORK, Oct 8 (Reuters) – Jeff Yeager likes to haggle. The
Washington, D.C., author is something of a virtuoso at this lost
art, with a deep playlist of tactics that he estimates saves him
10 percent to 15 percent a year on his spending.
“I try to negotiate on all sorts of things, every day,”
Yeager says. “And the vast majority of the time, it’s a very
NEW YORK, Sept 30 (Reuters) – Most of us can’t recall where
we spent every single dollar last Tuesday. But Corey Maass can.
He spent exactly $20 for a haircut, $20 for a dress shirt
and $15 for dinner. Maass knows that because every single day,
the Nashville-based software developer uploads all his spending
to a smartphone application he created just for that purpose.
His app, The Birdy (thebirdy.com) gives him instant readouts of
his spending without him having to connect to his bank or wait
for his credit card statements to upload.
NEW YORK (Reuters) – Lying to a spouse, or a parent, or a kid about one’s financial affairs? Terrible idea.
But there are absolutes, and then there is real life. Real life is messy sometimes, and confusing, and not always what you wanted.
NEW YORK (Reuters) – By now, we all know what social media is best for: Instagram shots of your delicious brunch, videos of cute kittens and a twerking Miley Cyrus.
But could your Facebook and Twitter streams also be a rich mine of potential stock ideas?
NEW YORK, Sept 12 (Reuters) – By now, we all know what
social media is best for: Instagram shots of your delicious
brunch, videos of cute kittens and a twerking Miley Cyrus.
But could your Facebook and Twitter streams also be a rich
mine of potential stock ideas?
NEW YORK (Reuters) – When some veterans of American finance told Reuters about their first jobs, they never expected it to become an Internet meme.
But there is obviously something inspiring about the humble beginnings of successful people, because our article (here) rocketed around the Web with the #firstjob hashtag.