Sora Lee, a 34-year-old who emigrated from South Korea to the United States, has achieved remarkable success over the past decade. As of 2023, she is the Global Head of Product Marketing at Bytedance-owned TikTok, earning an impressive $400,000 annually. However, despite her professional achievements, Lee tells CNBC that her financial journey is marked by … Read more
Lifestyle creep, a common issue where increased income leads to higher spending without additional savings, has significantly impacted Preston, whose annual income has doubled to $190,000 over the past five years. Despite this, he finds himself broke by the end of each month. Preston, an accountant living in Dallas, Texas, with his wife and three … Read more
In a recent episode of his Financial Audit podcast, YouTube personality and debt expert Caleb Hammer confronted a 40-year-old single mum and aspiring singer who spent $10,000 to release a music album despite having a $17,000 car debt. Hammer, who overcame his own financial struggles to become debt-free, now helps others navigate their financial troubles … Read more
Three years ago, Blaisey Arnold, 28, bought her dream car, a Chevy Tahoe, for $84,000. Recently, she shared on TikTok that she was selling the car as the finances weren’t making sense anymore. Arnold’s car, financed by GM Financial, a subsidiary of General Motors, came with a hefty price tag. Over three years, she paid … Read more
Sales of luxury vehicles are growing at a quick pace in India, so is the demand for loans to finance those purchases. Banks such as HDFC Bank, ICICI Bank, Bank of Baroda, Axis Bank and Kotak Mahindra Bank, as well as non-bank lenders and captive financiers of automakers like Mercedes-Benz and BMW are seeing a … Read more
