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Business

“GameStop millionaire makes huge bet on battered airline”

“…Vladimir Galkin was paying close attention to all that digital disruption during the meme stock madness. A Florida-based investor, Galkin partly built his fortune through GameStop shares during that time… Now Galkin, who cofounded and owns a majority stake in… Continue Reading…

Economy

“Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief”

“The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service…” https://www.cnbc.com/2024/02/22/tax-evasion-by-wealthiest-americans-tops-150-billion-a-year-irs.html… Continue Reading…

Business

“Self-made millionaire Bethenny Frankel’s top career advice: Focus on ‘working hard’ in your 20s…”

“Self-made millionaire Bethenny Frankel has one word of advice for 20-somethings: Work….Frankel hustled through her own 20s as a production assistant on the TV show “Saved by the Bell,” before starting an event-planning business called In Any Event, which quickly… Continue Reading…

Cryptocurrencies

“…dogecoin millionaire’: This 33-year-old invested his savings…”

“After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Contessoto was intrigued by dogecoin for a few reasons. For one, he loved… Continue Reading…

Business

“500 million LinkedIn users’ data is for sale on a hacker site”

“Information scraped from around 500 million LinkedIn user profiles is part of a database posted for sale on a website popular with hackers, the company confirmed Thursday.The sale of the data was first reported on Tuesday by cybersecurity news and… Continue Reading…

Personal Finance

“Do you manage your money like a millionaire?”

“Millionaires take advantage of tax laws. …Whether it’s becoming involved in your 401(k) plan to reduce your taxable income, using cost-segregation studies to accelerate depreciation on assets, effectively using trusts, or even planning out when you’ll take your RMDs as… Continue Reading…

Investing, Personal Finance

“Do you manage your money like a millionaire?”

“Millionaires take advantage of tax laws… Millionaires live below their means…Millionaires love reading and research…Millionaires get help with their money…Millionaires understand that credit and debt is a tool to be used sparingly…”

Personal Finance

“Self-made millionaire: 5 money mistakes young people make…”

” 1. Using credit for things that don’t create income 2. Comparing how much you have with others 4. Seeking comfort instead of freedom …If you’re just seeking comfort, you’re probably never going to achieve financial freedom. Comfort gives you… Continue Reading…

Economy

“The U.S. Now Has More Millionaires Than Sweden Has People Read”

” The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million,… Continue Reading…