A San Diego-based married couple earns over £484,000 annually but ends up spending over £24,200 per month. They shell out £9,681 on two mortgages and donates between £6,454 and £8,068 to charities every month. The remaining goes towards essentials and miscellaneous costs. After adding taxes, they hardly save any money despite their hefty paycheques. Bill … Read more
In a recent episode of Caleb Hammer’s Financial Audit YouTube podcast, 62-year-old Ted said his financial situation around credit card debt makes him feel like he just started his career with no retirement life in sight. Ted has a master’s degree and works as a retail manager, earning £17 ($21) per hour. When Caleb highlighted … Read more
US President-elect Donald Trump surprised Washington lawmakers this week by calling for lifting the federal borrowing limit and even abolishing it in social media posts and interviews. The debt ceiling is a law that caps the amount of money the US federal government can borrow cumulatively to meet existing legal obligations. A congressional vote in … Read more
A surprising team-up is brewing between US Senator Bernie Sanders and President-elect Donald Trump on a long-standing issue that kept millions of Americans in debt for years while hampering their ability to save and grow money. During his campaign, Trump suggested temporarily imposing a 10% limit on credit card interest rates to allow people to … Read more
Brighton-based kitchen fitter Des Healey lost £75,000 last year in an AI-based crypto scam involving personal finance expert Martin Lewis, whom he looked up to for financial guidance. Healey recently attended an interview with Lewis on BBC Radio 5 Live, where he detailed how he lost his entire savings and was neck-deep in loans after … Read more
US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
In a recent YouTube short, financial expert Dave Ramsey shared a cautionary message about the risks of lending money to friends and family. “Don’t loan people that you like money because you change the relationship,” Ramsey advised, underscoring how loans can often turn personal relationships into uncomfortable exchanges. According to him, once money is involved, … Read more
Lois, an 83-year-old San Francisco Bay Area resident, recently lost $50,000 in a sophisticated cryptocurrency scam after falling victim to a “grandson in trouble” ruse. Lois, returning home late on a Friday evening, received a frantic call from a man claiming to have her grandson, stating that he was in trouble. Moments later, another voice, … Read more
Almost 20% of American households generate passive income from interests, dividends, or rents, with median earnings at $4,200 annually. Building passive income streams is an emerging trend as more people increasingly gain access to investment instruments that have long been limited to the wealthy. Rich Dad Poor Dad author Robert Kiyosaki believes everyone should focus … Read more
Shark Tank star and multi-billionaire entrepreneur Mark Cuban understands that not everyone can invest millions in businesses or start their own companies successfully. However, the Dallas Mavericks co-owner believes there are many ways to secure extra money via passive income streams without burning a hole in your pocket. 1. Invest in Stocks That Are Dividend … Read more
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