Wealth

106926995 1628885360355 elon2 scaled

Why so many people hate the super-rich — but still love Elon Musk and Bill Gates, according to psychology

You might admire Bill Gates’ workhorse mentality or Elon Musk’s brazen attitude and ideas, but also feel conflicted about wealth inequality. Now, psychologists and marketing experts can explain that disconnect. The Ohio State University and Cornell University published new research on Monday showing why people tend to admire individual billionaires, but dislike the socioeconomic class …

Why so many people hate the super-rich — but still love Elon Musk and Bill Gates, according to psychology Read More »

106962126 1634584202503 gettyimages 155131774 17906987 scaled

Op-ed: Should you use extra cash to invest or pay off debt? Here are some options

eyetoeyePIX | E+ | Getty Images A frequent question that I get asked as a financial advisor revolves around paying off debt versus investing when the opportunity arises. Typically, someone has some extra money as the result of a bonus, tax refund or some other windfall. However, as we have worked our way through the …

Op-ed: Should you use extra cash to invest or pay off debt? Here are some options Read More »

106943716 1631904916466 active babyboomer making a point some rules are made to be broken especially when you are helping pay t20 A92zy0 scaled

3 traditional rules for building wealth — and when experts suggest you break them

If you’ve ever received financial advice, you’re likely to see a lot of the same traditional advice over and over. That’s because the world of personal finance can be esoteric and even scary, and the experts dispensing that advice want to impart the strategies that work the best for the majority of people. More from …

3 traditional rules for building wealth — and when experts suggest you break them Read More »

104901201 GettyImages 893360402 rupert murdoch

Theranos boasted of ‘highest levels of accuracy’ in mailings to Rupert Murdoch and other investors

Rupert Murdoch Drew Angerer | Bloomberg | Getty Images SAN JOSE, CALIF. — Theranos sent binders claiming the healthcare company had “the highest levels of accuracy” to high-profile investors, including billionaire Rupert Murdoch, according to court testimony on Tuesday. Elizabeth Holmes once had some of the most powerful business leaders in America backing her start-up, …

Theranos boasted of ‘highest levels of accuracy’ in mailings to Rupert Murdoch and other investors Read More »

106962163 1634586672846 gettyimages 639335008 getty backofthecapitol img 9611v2 scaled

Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032

Photo by Mike Kline (notkalvin) | Moment | Getty Images House Democrats proposed a rule to forbid Roth conversions for the wealthy as part of a broad package of tax increases on affluent Americans. But there’s an irony in the proposal, according to tax experts. A Roth conversion is a mechanism that allows taxpayers to …

Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032 Read More »

106960599 1634232546929 Christine Cunanan 4 scaled

These travelers moved to Europe despite knowing no one — here’s how they make a living

Many people dream of starting a new life in a new country. But problems, such as earning money, finding a place to live and meeting people, hold them back. Here are two women travelers who didn’t let these details stop them from moving to Europe — and how they feel about their decisions today. From …

These travelers moved to Europe despite knowing no one — here’s how they make a living Read More »

106898721 1623953783092 106898721 1623935599619 gettyimages 51670992 APW2002101677686

Colin Powell: ‘Get mad, and then get over it,’ and 12 other rules he lived and worked by

Colin Powell accomplished his goals by adopting a handful of key life principles along the way. Thirteen of them, in fact. On Monday, Powell — the country’s first Black Secretary of State, chairman of the Joint Chiefs of Staff and national security advisor — died from complications from Covid-19, his family wrote on Facebook. He …

Colin Powell: ‘Get mad, and then get over it,’ and 12 other rules he lived and worked by Read More »

106376812 1581004044491gettyimages 1181818497 scaled

Mark Cuban says he won’t invest in a potential bitcoin futures ETF: ‘I can buy directly’

The Securities and Exchange Commission is set to let the first U.S. bitcoin futures exchange-traded funds start trading next week, since the SEC isn’t likely to block the ETFs proposed by ProShares and Invesco, CNBC reported on Friday. But billionaire Mark Cuban won’t be investing. When asked whether he’d buy the ETFs once they were …

Mark Cuban says he won’t invest in a potential bitcoin futures ETF: ‘I can buy directly’ Read More »

106938931 1631139234254 gettyimages 1235132086 AFP 9MG6C7 scaled

Ex-Theranos project manager testifies that Elizabeth Holmes told him to conceal parts of testing lab

Elizabeth Holmes (L), founder and former CEO of Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose on Sept. 8, 2021. Nick Otto | AFP | Getty Images ]SAN JOSE, CALIF. — Daniel Edlin, a former Theranos project manager who was friends with Elizabeth …

Ex-Theranos project manager testifies that Elizabeth Holmes told him to conceal parts of testing lab Read More »

106961265 1634318035980 perrier jouet belle epoque b

A rare 147-year-old bottle of Champagne will go up for auction at Christie’s this year

Zoom In IconArrows pointing outwards Perrier Jouet 1874 Source: Christie’s WASHINGTON – An exceptionally rare bottle of Champagne is headed to auction. Christie’s London will auction a collection of vintage Champagne from Perrier-Jouet on Dec. 2 and 3. Among the cuvees stands an 1874 vintage of Perrier-Jouet Brut Millesime that is expected to fetch up …

A rare 147-year-old bottle of Champagne will go up for auction at Christie’s this year Read More »

103481414 GettyImages 490572414

Theranos hired its president’s dermatologist as lab director in 2014, testimony shows

Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Oct. 6, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — As Theranos’ troubles were mounting in 2014, the blood-testing start-up hired a dermatologist with no board certification in laboratory science or pathology to become …

Theranos hired its president’s dermatologist as lab director in 2014, testimony shows Read More »

106960906 1634271387370 gettyimages 654737032 img 6987 new scaled

A buried building near Jerusalem’s Western Wall is opening to travelers – here’s what it looks like

Christian travelers visit Jerusalem to retrace Jesus’ final footsteps along the Via Dolorosa, Muslims to revere the Dome of the Rock, and Jewish people to insert written prayers into the cracks of the Western Wall. Some people do all three. Come December, travelers will have a new option available to them when visiting Jerusalem. They …

A buried building near Jerusalem’s Western Wall is opening to travelers – here’s what it looks like Read More »

106960567 1634230369144 getty scaled

I spent $60,000 and 2 years on my MBA. Here are the best lessons you learn in business school

Are MBAs worth it? It depends on many factors, like whether you have the money, time and willingness to commit. In 2015, I enrolled in The University of Florida’s online MBA program, all while working a full-time job in finance. The degree cost me $60,000 and took two years to complete, but it gave me …

I spent $60,000 and 2 years on my MBA. Here are the best lessons you learn in business school Read More »

106935032 1630345068522 eli2 1 scaled

Jurors in Elizabeth Holmes’ trial raise concerns about questionnaires with personal information being released

In this article WBA Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of her fraud trial, outside Federal Court in San Jose, California. September 8, 2021. Nick Otto | AFP | Getty Images SAN JOSE, CALIF. — A defense attorney for embattled Theranos …

Jurors in Elizabeth Holmes’ trial raise concerns about questionnaires with personal information being released Read More »

106913837 1626805955688 gettyimages 1329728877 b64i7290 20210720114116372 scaled

Jeff Bezos’ mom saved ‘Star Trek’ toys he made as a kid — William Shatner just took them to space

It’s a big week for Jeff Bezos’ inner “Trekkie.” On Wednesday, the Amazon and Blue Origin founder lived out something of a childhood fantasy by launching Captain James T. Kirk — that is, the “Star Trek” actor who portrayed Kirk, 90-year-old William Shatner — to the edge of space in a Blue Origin New Shepard …

Jeff Bezos’ mom saved ‘Star Trek’ toys he made as a kid — William Shatner just took them to space Read More »

106959196 1634061068852 gettyimages 495185620 000077849673 Unapproved scaled

Luxury watch shortage drives growth of $20 billion secondhand market as start-ups rush to cash in

A macro of a Rolex Explorer II GMT watch. xrrr | iStock Editorial | Getty Images A rush of companies are vying to become the eBay of high-end horology — including the storied online marketplace itself. Demand for high-end watches exploded during the Covid-19 pandemic. But the Big Four watch brands — Rolex, Patek Philippe, …

Luxury watch shortage drives growth of $20 billion secondhand market as start-ups rush to cash in Read More »

106959129 1634057325786 holmes scaled

Safeway ex-CEO says company did ‘at least 100 hours’ of due diligence on Theranos before signing deal

Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — Former Safeway CEO Steve Burd said on Tuesday that his company knew it was taking a risk by partnering with blood-testing start-up Theranos, …

Safeway ex-CEO says company did ‘at least 100 hours’ of due diligence on Theranos before signing deal Read More »