JJ Papenfus

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An investor who helps manage money for the super-rich has a simple tip for building wealth, and you can start doing it today

It's just two words: compound interest.<p>Understanding the power of this concept, and more crucially, putting it to work by saving, is crucial to building wealth over time, according to Katie Nixon, the chief investment officer at Northern Trust Wealth Management, which has $287 billion in assets …

Personal Finance

Financial expert reveals her four simple strategies for turning $500 into $100,000

How to turn $500 into more than $100,000: Financial expert who saved $36,000 in 13 months shares her four simple strategies for building</b> …

Finance

19 Data Science and Machine Learning Tools for people who Don't Know Programming

<i>This article was originally published on 5 May, 2016 and updated with the latest tools on May 16, 2018.</i><p>Introduction<p>Programming is an integral part of …

Machine Learning

Investing Lessons from Warren Buffett | Investopedia

Every year since 1977, Warren Buffett has written a letter to Berkshire Hathaway shareholders that captures more than the shareholder's attention. …

Investing

31-year-old self-made millionaire reveals the simple formula to his success

According to self-made millionaire Timothy Kim, you don't need to be intelligent in order to be wealthy. Instead, he says you just need to learn what …

Success

I'm a millionaire who creates zero jobs. Why do I pay less tax than you?

Our tax code is deliberately designed to reward money over work, and the corporate tax cut financially rewards companies for moving money and jobs overseas<p>In 2013, just a few years after the 2008 financial crisis, I was part of BlackRock’s Financial Markets Advisory Group working for the Greek …

Income Inequality

Exploring the Mirror Link Between Two Geometric Worlds

Twenty-seven years ago, a group of physicists made an accidental discovery that flipped mathematics on its head. The physicists were trying to work …

The Dirty $50 Billion Scam Wall Street Is Getting Away With

Jed Rothstein’s new documentary, ‘The China Hustle,’ exposes a hair-raising financial scheme ripping off American investors—which Wall Street has …

This Couple Paid Off $72,000 in Debt in 22 Months

Here's how they did it.<p><i>In this series, NerdWallet interviews people who have triumphed over debt using a combination of commitment, budgeting and</i> …

The power of compounding ~ Get Rich Slowly

Shares 196<p><i>So much</i> of financial success involves good habits practiced over long periods of time.<p>Yes, you can still have a positive impact on your …

Retire Rich: How To Buy Low And Sell High

We discuss if it is at all possible to buy low and sell high on a consistent basis.<p>We discuss a conservative and systematic strategy to buy low and …

These Are the Best Credit Cards Right Now

MONEY picks winners for every financial need.<p>It's been eight years since the end of the Great Recession, and credit cards are back. Today, 171 …

MIT Engineers Have Built a Device That Pulls Electricity Out of Thin Air

It doesn't need sunlight, batteries, or wind.<p>Temperature changes large and small are happening around us all the time, and scientists have come up …

You Won't Believe What a Roth IRA Can Do for You

Don't assume that annual $5,500 contributions won't amount to much. They can grow to surprising sums -- like $500,000 or more.<p>Compare the maximum …

Not To Scare The Children, But...

It's an eerily quiet morning as I'm looking at the "markets" as to see what has transpired overnight. As of this writing, the level that I said to …

Stock Markets

I've started to mine cryptocurrency, and it's surprisingly easy — but I'm still 8 months away from breaking even

I have two of the most powerful graphics cards you can buy: the GTX 1080, which I then upgraded to the GTX 1080 Ti. And they just so happen to be some of the best graphics cards for mining cryptocurrencies.<p>Cryptomining is the process of solving complex problems to verify digital transactions using …

Cryptocurrency

Deja vu? It's looking like 1987 again for the US economy

Weak dollar, rising inflation, recession memories fading, new hand at the Fed … and meltdown?<p>It is August 1987 and the US economy is humming along. Memories of the deep recession earlier in the decade are fading fast. Tom Wolfe is about to publish The Bonfire of the Vanities, which captures …

Stock Markets

One way to play the new tax law: Start an LLC

Spurred by ambiguities in the new tax law, accountants are coming up with novel strategies to help entrepreneurs slash their taxes.<p>One of the most notable provisions in the Tax Cuts and Jobs Act is a 20% deduction for qualified business income from so-called pass-through entities, including S …

Retirement

Stanford analyzed 292 retirement strategies, says this one is best

When you're ready to retire, how can you be sure you'll have enough money to last? And what's the best way to withdraw your savings over the …

What Should My Net Worth Be At Age 30, 40, 50, 60?

Everything is relative when it comes to money. If we all have a net worth of $1,000,000, then nobody is truly rich. As such, we must first get an …

Retirement

This Floating Sauna Hotel Offers an Amazing View of the Northern Lights

At this hotel, catching a glimpse of the Northern Lights is sure to be a highly relaxing experience.<p>Opening later in 2018, the Arctic Bath hotel …

The secret lives of students who mine cryptocurrency in their dorm rooms

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.<p>In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was …

Bitcoin

This Investment Turned $1 Into $1.17 Million in 1 Year... Legally

If you chose this cryptocurrency in 2017, a $1 bet would have made you a millionaire.<p>Though we'd all love the opportunity to get rich quick, the odds …

China's Most Popular Mobile Game Charges Into American Market

Chinese tech giant Tencent is trying to do something that's never been done before: take the biggest online mobile game in China global<i>.</i><p>Kings Of Glory, sometimes also translated as Honor Of Kings, boasts over 200 million monthly players worldwide. In China, it's been reported that tens of millions …

App Store

Van Allen Belt Mystery Solved With Student-Built Satellite

Oh, that Van Allen Belt—online crackpots love to use Earth’s belt of radiation to bolster their Moon landing conspiracies, suggesting it could be too …

Meet the crypto trader who says he bought a Tesla with 'pump and dump' profits but claims the scams aren't bad: 'It's a game'

LONDON — Meet Nico, a techie from Belgium who spends his days trading.<p>Nico — the name he gave Business Insider — used to play the stock market but he has increasingly favoured cryptocurrency markets in recent years.<p>Why? Opportunities to make easy money.<p>"Market manipulation, it's everywhere," Nico …

Cryptocurrency

This Startup Can Help You Build Your Brand in 35 Minutes (or Less) | Inc.com

Building a brand as a micro-business owner, freelancer, or digital nomad can often feel like you're playing a game of connect-the-dots. Trust me, I've been there. You use one tool for emailing clients, another tool to create your brand's social media and content marketing images, and yet another …

Small Business

Don't Worry About Money So Much: 4 Ways to Fix Your Finances

The stock market is at an all-time high. The U.S. economy is humming along. U.S. corporate profits are on track for a near-record of $2.2 trillion …

How to Make Over $1,000 a Month by Blogging

Monetize your content and add a new revenue stream.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Entrepreneur Network partner Jeff Rose originally started blogging to improve his name recognition and drive more customers to his financial planning business. However, as he got to know …

2 Stocks You Can Buy and Hold Forever

A smart person once said that there is nothing certain except death and taxes. Well, these two companies come mighty close.<p>Yes, "forever" is an …