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Oil CEOs Laid Off Workers and Gave Themselves Raises During the Pandemic

CEO pay at some of the country’s top oil and gas companies last year stayed more than 100 times above the median salary of workers at that company, a new analysis has found. In some cases, that gap increased—even as those companies laid off workers and took in federal aid money.Read more...
Tags: Science, Labor, Finance, Debt, Tax, Bailout, Economy, Companies, Devon Energy, Chevron, ConocoPhillips, Exxon, Trump, Continental Resources, Harold Hamm, Baker Hughes


9 Better Ways to Use Your Tax Refund Instead of Spending It

Hopefully, you’ve completed and sent off your tax return by now. While some of us may owe Uncle Sam money, others are getting a nice hefty refund check. According to the IRS, the average tax refund is $2,893. This is quite a large chunk of money. Add to that all the stimulus checks you’ve received lately and there could be quite a bit of cash lying around at your disposal. So what’s the best way to handle this lump sum of cash? While you might be tempted to go off on a shopping spree, hold on t...
Tags: Advice, Marketing, Budgeting, Debt, Tax, Sam, Irs, Better Ways


What is Financial Literacy?

Most people think financial literacy means fixing spending habits like daily $4 lattes and investing the money in some little-known financial instrument your college roommate can’t shut up about on Facebook. It is so much more than that. Financial literacy is something that is new for a lot of people. It usually takes a long time to acquire, but, the good news is that we can speed things up for you, saving hundreds of hours of frustration and confusion trying to shore up your personal finance...
Tags: Marketing, Debt, Investing, Spending, Ira, Federal Reserve, Don, Ramit, Master Your Money, Personal Finance Basics


How Long Does Something Stay on Your Credit Report?

While negative items on your credit report might feel like a millstone around your neck, the penalty to your score does fade, and the blemishes will disappear from your credit history… eventually. And the good news is that good credit also stays on your report—for up to ten years. Here’s a look at how long both good…Read more...
Tags: Personal Finance, Money, Finance, Debt, Economy, Credit, Credit Card, Lifehacks, Credit Bureau, Debt Collection, Credit History, Fair Credit Reporting Act, Credit Score In The United States, Harman On Time Radio


3 Money Goals You Can Tackle This Year

So you want to be a super saver? The average American family has about $40,000 in liquid savings across different types of accounts. Where do you stack up? Do you think your saving skills could use a boost? A fat savings account doesn’t happen overnight. However, small decisions can have big rewards over time. Check out these easy money goals you can tackle this year to up your savings game! 1. Reduce Credit Card Debt Let’s be real, if we ranked types of debt on a scale of smart...
Tags: Personal Finance, Credit Cards, Family, Marketing, Budgeting, Debt, Economics


How to Spot a Predatory Lender

Most people are familiar with the concept of predatory loans—a lending practice that imposes unfair or deceptive terms on borrowers, often taking the form of payday loans or title loans with egregious interest rates. But what’s the distinction between a predatory loan and a legitimate loan with a high interest rate?…Read more...
Tags: Personal Finance, Money, Finance, Debt, Banking, Economy, Payday Loan, Credit, Loans, Lifehacks, Experian, Credit Karma, Equifax, TransUnion, Business Finance, Predatory Lending


What Is An Innovation Bank?

Image by Gerd Altmann from Pixabay What is an Innovation Bank? At first blush, an Innovation Bank is a place where innovators can make money for developing their ideas. Sort of like venture capital.  But if we drill down a little further and look at how a traditional bank actually functions, we find a far more interesting possibility.  People go to a bank and borrow money to, say, buy a house.  Most people think that the bank is sitting on a bunch of cash in some savings account waiting...
Tags: Productivity, Money, Sales, Debt, Innovation, Bank, Paradox, Gerd Altmann, Innovation Bank, American Society of Professional Engineers


Donald Trump is set to receive a $617 million windfall, along with Vornado Realty Trust, from a property refinancing deal, reports say

Protestors outside 555 California Street in San Francisco in 2017. Ben Margo/AP Photo Vornado and Trump will get $617 million as part of a $1.2 billion bond sale, Bloomberg reported. The payout is part of a refinancing deal for 555 California Street in San Francisco. Trump is a 30% partner in 555 California and 1290 Avenue of the Americas in New York. See more stories on Insider's business page. Former President Donald Trump may receive a multimillion payout from his minority ownership...
Tags: Real Estate, Politics, New York, California, Finance, New York City, Americas, San Francisco, Trends, Debt, Bloomberg, Donald Trump, Financing, Wall Street Journal, Trump, Montgomery Street


Donald Trump is set to share a $617 million windfall with Vornado Realty Trust, due to a property refinancing deal, reports say

Protestors outside 555 California Street in San Francisco in 2017. Ben Margo/AP Photo Vornado and Trump will get $617 million as part of a $1.2 billion bond sale, Bloomberg reported. The payout is part of a refinancing deal for 555 California Street in San Francisco. Trump is a 30% partner in 555 California and 1290 Avenue of the Americas in New York. See more stories on Insider's business page. Former President Donald Trump may receive a multimillion payout from his minority ownership...
Tags: Real Estate, Politics, New York, California, Finance, New York City, Americas, San Francisco, Trends, Debt, Bloomberg, Donald Trump, Financing, Wall Street Journal, Trump, Montgomery Street


Why We Didn’t Sell Our House When We Were $109,000 in Debt

More often than not, persistence and the will to keep plugging away pays off. This is Travis’s debt story… After having accumulated $109,000 in credit card debt, our finances finally reached a boiling point a few years ago. No longer able to meet all of our financial commitments, my wife and I enrolled in a debt management plan. This lowered the interest rates on our lines of credit, allowing us to finally make progress on the balances. But that wasn’t good enough. We needed to reduce our expen...
Tags: Housing, Marketing, Debt, Travis, Money Stories


Money Management Tips

Fact: Your money beliefs (not your paycheck) determine whether or not you will accumulate wealth. That’s because, for some, there is no amount of money in the world that would be enough to encourage them to save or invest.  What you think about money ultimately determines how you use it, or, if we’re going to be honest, how it uses you. Money management skills are learned. You either learn from your environment or you learn it through a conscious money management plan.  Nod your head if thi...
Tags: Saving, Marketing, Debt, Investing, Iowa, Spending, Ira, Ramit, Master Your Money, Personal Finance Basics, Start Investing


Should You Pay Student Loans or Save for Retirement While Interest Is Frozen?

In a previous Lifehacker post, we suggested that you might want to wait before paying off anything less than $50,000 on your student loans, even if there’s a very small chance that amount of debt will actually be forgiven. Instead—since we’re still in pandemic—we pointed to financial advice that suggests setting…Read more...
Tags: Personal Finance, Money, Finance, Debt, Economy, Credit, Loans, Lifehacks, Biden, Debt relief, Student Debt, Student Loan, Business Finance, Debt Consolidation, Student Loans In The United States


These States Will Pay Off Your Student Loan Debt for Moving There

It’s a novel idea for any state that wants to attract skilled professionals—in exchange for moving there, they will pay off your student loan debt. Illinois is doing just that, as they have recently joined Maryland in launching a “SmartBuy” program that pays off your student loans if you get a mortgage in their state.…Read more...
Tags: Personal Finance, Money, Maryland, Finance, Debt, Economy, Credit, Loans, Lifehacks, Illinois, Student Debt, Forbes, Student Loan, Business Finance, Mortgage Loan, Health Medical Pharma


Should You Plan for $50,000 In Student Loans Forgiveness?

Last week, President Biden asked the Department of Education to review his legal authority in using executive action to forgive student loan debt, which has renewed hope for many of the 45 million borrowers that collectively owe $1.7 trillion in student loans. But how should this affect your repayment strategy, and…Read more...
Tags: Politics, Money, Finance, Debt, Economy, Credit, Loans, Lifehacks, Biden, Debt relief, Student Debt, Department Of Education, Student Loan, Ron Klain, Business Finance, Zack Friedman


Save Money by Knowing Your Credit Card's 'Closing Date'

Even if you dutifully pay off your credit card balance each month, there’s an oft-overlooked way to optimize your credit score—by making debt payments before your balance is reported to the credit bureaus. Many people assume this is the payment due date, but it’s actually the closing date, and not knowing the…Read more...
Tags: Personal Finance, Money, Finance, Debt, Economy, Credit, Credit Card, Lifehacks, Experian, Equifax, TransUnion, Business Finance, Credit Card Interest, Credit History, Payment Systems


5 Step Plan to Spring Clean Your Finances

If you’re wondering how to spring-clean your finances, you’re definitely not alone. There are lots of useful things you can do to rejuvenate your financial situation, and most are super simple as well. We’ve listed a few of the top tips to spring clean your finances below. All of these will go a long way to setting you up for long-term financial success. So, let’s get into it! How to spring clean your finances 1. Get rid of bad spending habits The first thing you should do to spring...
Tags: Personal Finance, Marketing, Debt


Why You Should Pay on Your Credit Card Balance Weekly

Paying your credit cards on time to avoid late fees and interest is a no-brainer. But you can also boost your credit score and reduce interest charges by paying your credit card bill even earlier, perhaps weekly, as its your daily balance that affects how they’re calculated. Here’s what to consider when deciding…Read more...
Tags: Personal Finance, Money, Finance, Debt, Economy, Credit, Credit Card, Lifehacks, Human Interest, VantageScore, Credit Card Interest, Credit Score In The United States, Revolving Account


Is Dave Ramsey’s Advice Right for You?

Dave Ramsey is a sensation in the world of personal finance. He may even be the most popular financial guru of our time. He has had several TV shows, he’s a best-selling author, he’s created classes that are now taught all across the country, and he has his own radio show too. When a man has these kinds of credentials, we must all see if his advice is right for us. I first heard of Dave Ramsey from my parents. They were about to enroll in his series of in-person classes called ‘Financial Peace ...
Tags: Apple, Marketing, Lifestyle, Debt, Dave, Suze Orman, Arizona, Nebraska, Credit, Clark, Dave Ramsey, Denmark Sweden, Financial Peace University, Clark Howard Suze, Right Financial Advice


To you I owe the most: tales of debt from Shakespeare’s England to the present day

During the COVID-19 pandemic, people have been paying off credit card debt in unprecedented numbers. Without travel or commutes, some households have been able to spend less and save more. Yet for many others, reliance on credit has become more necessary than ever. Furloughs, job losses, and reduced work for the self-employed have slashed incomes and increased emergency borrowing. Longstanding debts and periodic payments—student loans, rent—continue to fall due like clockwork. In the US, large h...
Tags: Books, England, Featured, US, Debt, Literature, William Shakespeare, Venice, Shakespeare, George Saunders, Antonio, Gary Shteyngart, Lodge, Arts & Humanities, Bassanio, Brittney Powell


How to Build Your Credit Without a Credit Card

It’s totally fine to prefer “buy now, pay later” payments over credit cards or to simply avoid the debt trap of plastic altogether. The only problem is that without credit cards, it’s harder to build up your credit score, which means you’ll have a tougher time qualifying for a loan. Fortunately, there are ways to…Read more...
Tags: Personal Finance, Money, Finance, Debt, Economy, Credit, Loans, Credit Card, Lifehacks, Credit Score, Experian, Equifax, TransUnion, Credit Bureau, Business Finance, Line of Credit


Home Equity Loans – Pros & Cons

So now that I’ve owned my home for 10+ years, I’m getting offers left and right for home equity loans. While I am doing my own research, I would be most interested to read your take on them! Congratulations. Getting offers from lenders to borrow money most certainly means that you don’t need the money. After all, no lender will offer debt to customers who they don’t believe can make the payments. Having said that, a huge influx of cash certainly gets the juices flowing. I can put it all in the ...
Tags: Real Estate, Marketing, Debt, Irs


You Now Qualify for Full Student Loan Forgiveness If You Were Misled

The Department of Education announced that they will forgive approximately $1 billion in student loan debt for borrowers who have been misled or scammed. The move loosens Trump-era loan restrictions for this type of claim, and includes full forgiveness for previously approved claims that received less than a full loan…Read more...
Tags: Money, Education, Yahoo, Finance, Debt, Economy, Loans, Lifehacks, Student Debt, Department Of Education, Trump, Student Loan, Public Service Loan Forgiveness, Business Finance, Pay As You Earn, Miguel Cardona


You Now Qualify for Student Loan Forgiveness If You Were Misled

The Department of Education announced that they will forgive approximately $1 billion in student loan debt for borrowers who have been misled or scammed. The move loosens Trump-era loan restrictions for this type of claim, and includes full forgiveness for previously approved claims that received less than a full loan…Read more...
Tags: Money, Education, Yahoo, Finance, Debt, Economy, Loans, Lifehacks, Debt relief, Student Debt, Department Of Education, Trump, Student Loan, Public Service Loan Forgiveness, Business Finance, Pay As You Earn


Manhattan DA's probe ramps up, placing new scrutiny on Trump's debt-ridden New York properties

Banks have now placed three of the four of former President Donald Trump's real estate holdings on debt "watch lists," CBS News said. Getty Images The Manhattan DA probe into former President Donald Trump is heating up, Insider reported on Friday. The investigation is placing new scrutiny on Trump's commercial properties. Banks have placed three of the former president's buildings on debt "watch lists," CBS News said. See more stories on Insider's business page. As Manhatta...
Tags: Real Estate, Politics, New York, News, Congress, Cbs News, White House, Nbc News, Trends, Debt, Property, News UK, Manhattan, Cbs, Donald Trump, Wells Fargo


Citi is reportedly blocking debt deals with firms that kept the bank's accidental $500 million payout

Robert Alexander/Getty Images Citigroup is blocking investment firms that wouldn't return an accidental Revlon wire from future debt offerings led by the bank, according to a Bloomberg report.Citi accidentally transferred nearly $900 million to Revlon lenders last year when it meant to transfer only $8 million.A judge ruled last month that Citi can't recoup the $500 million 10 investment firms refused to send back.Sign up here for our daily newsletter, 10 Things Before the Opening ...
Tags: Finance, Trends, Debt, Markets, Bloomberg, Citigroup, Trading, Citibank, Citi, Revlon, Fixed Income, Matthew Fox, Robert Alexander Getty, Citigroup Citigroup, MI Exclusive, Brigade Capital Management HPS Investment Partners


What lengths would you go to to pay off your debt?

In this extract, from the anthology Upshot curated by Lauren Beukes, the author imagines rich people and voters at home deciding on his character’s fate The post What lengths would you go to to pay off your debt? appeared first on The Mail & Guardian.
Tags: Money, Opinion, Retirement, Finance, Debt, Investment, Income, Debt relief, Wage, Universal Basic Income, Financial Advice, Openaccess, Longevity, Lauren Beukes, Debt Slavery, Basic Wage


Stocks look 'resilient' as investors pour $120 billion into equity ETFs in the face of rising rates, BlackRock says

Craig Ruttle/AP Inflows into equity ETFs of $120 billion are outpacing inflows to bond ETFs, BlackRock said in a note Monday.  Stocks and bond yields generally have been moving higher simultaneously as the US growth picture improves.   Value and cyclical stocks are finding favor among investors, said the asset manager.  Visit the Business section of Insider for more stories. Inflows into the equity market are strong despite the spike up in rates as investors respond to economic growth pro...
Tags: Washington, Senate, US, Trends, Debt, Markets, House, Treasury, Earnings, Stocks, Bonds, John Williams, Stimulus, Equities, S&P 500, Growth


Stocks look 'resilient' as investors pour $8 billion into equity funds in the face of rising rates, BlackRock says

Craig Ruttle/AP Inflows into equity ETFs of $8 billion are outpacing inflows to bond ETFs, BlackRock said in a note Monday.  Stocks and bond yields generally have been moving higher simultaneously as the US growth picture improves.   Value and cyclical stocks are finding favor among investors, said the asset manager.  Visit the Business section of Insider for more stories. Inflows into the equity market are strong despite the spike up in rates as investors respond to economic growth prosp...
Tags: Washington, Senate, US, Trends, Debt, Markets, House, Treasury, Earnings, Stocks, Bonds, John Williams, Stimulus, Equities, S&P 500, Growth


Treasury yields spike to highest in over a year as investors weigh inflation concerns against recovery prospects

Tetra Images via Getty The 10-year yield zoomed past 1.5% on Thursday, reaching a level not seen since February 2020 The pace of the selloff in bonds has "increased severely" over the past few weeks, according to a fixed-income strategist. The selloff comes as Congress is set to vote on a $1.9 trillion stimulus package  Visit the Business section of Insider for more stories. The yield on the US 10-year Treasury note surged to its highest in more than a year, with the rapid rise stoked by ...
Tags: Congress, US, Trends, Debt, Markets, Bloomberg, Treasury, Federal Reserve, Bond, Stimulus, Yield, Treasuries, Brean Capital, Carla Mozee, Treasury Inflation Protected Securities, Buchta


Treasury yields spike to highest in over a year as investors weight inflation concerns against recovery prospects

Tetra Images via Getty The 10-year yield zoomed past 1.5% on Thursday, reaching a level not seen since February 2020 The pace of the selloff in bonds has "increased severely" over the past few weeks, according to a fixed-income strategist. The selloff comes as Congress is set to vote on a $1.9 trillion stimulus package  Visit the Business section of Insider for more stories. The yield on the US 10-year Treasury note surged to its highest in more than a year, with the rapid rise stoked by ...
Tags: Congress, US, Trends, Debt, Markets, Bloomberg, Treasury, Federal Reserve, Bond, Stimulus, Yield, Treasuries, Brean Capital, Carla Mozee, Treasury Inflation Protected Securities, Buchta