Troy Kelly

31 Flips | 15 Magazines | @TroyKelly2016 | Keep up with Troy Kelly on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Troy Kelly”

American car buyers are borrowing like never before—and missing plenty of payments, too

Last year, Americans bought more new cars than ever before. Given that auto sales make up around a fifth of all retail spending, 2016’s banner year is being hailed as a sign of burgeoning consumer confidence across the country.<p>But something else is revving up, too: auto loans.<p>The US closed out 2016 …

Finance

How to Invest: When You’re Just Getting Started

Wall Street has an odd way of trying to get your business. The dizzying array of investment choices, mind-numbing jargon, and pie charts with more …

What is a Prospect vs Lead vs Opportunity?

Terminology in sales isn’t just jargon, and it can be confusing.<p>So many different ways to slap a label on someone. Sadly, there are so few sales …

Extracted

Citigroup is finally be shutting down its 'bad bank' — 8 years after the financial crisis

More than any other major bank, Citigroup found itself in the crosshairs during the crisis eight years ago. Its decision to double down on subprime mortgages on the eve of the downturn led to a $17 billion loss in the fourth quarter of 2008 alone. It followed that up with a nearly $8 billion …

More People Over 60 Are Struggling To Pay Off Student Loans, Report Finds

The number of people 60 and older with student loan debt has quadrupled in the past decade, and older Americans now represent the fastest-growing segment of the U.S. student loan market, according to a new report by the Consumer Financial Protection Bureau.<p>As of 2015, more than 2.8 million …

Personal Finance

'I used to make £10,000 a month playing online poker - now I'm jacking it in'

He was arguably the ultimate digital nomad - travelling the four corners of the globe funded by his talent for beating the best players in the world …

3 Business Opportunities for Veterans - Small Business Trends

It should come as no surprise that veterans can make great entrepreneurs and small-business owners: They possess many of the skills necessary to …

The 7 best ways to invest $1,000

<i>Is this possible?</i><p>After all, don't many financial advisers have investing minimums?<p>What if you're new to investing? Where do you start and what are the best short term investments or long term?<p>Yes, there <i>are</i> places you can invest $1,000. And, some of them are pretty nifty, as well.<p>But, it's not …

JCPenney, Sears, Macy's and Kohl's Sued For 'Fake' Sale Pricing

Just in time for the holiday shopping season, four major retailers have been sued for tricking shoppers with fake "sales."<p>JCPenney, Sears, Macy's, and Kohl's were all hit with lawsuits this week by the Los Angeles city attorney’s office over an alleged "false reference pricing scheme" that misled …

eCommerce

Jets' Matt Forte defies Father Time by eating healthy, weird and green

FLORHAM PARK, N.J. -- When Matt Forte arrives at the New York Jets facility each morning, he heads to the smoothie station in the cafeteria for …

Nutrition

Wells Fargo's Sales Scandal Just Got Bigger

Wells Fargo (wfc) fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a …

Student Loan Debt Hits Another Record High

Plus the states with the most (and least) debt-burdened graduates.<p>The nation’s college students set another record for debt in 2015, according to the …

Millennials could be millionaires, but they need to start investing now

Pity the poor millennials.<p>The 83 million or so members of this generation – a quarter of America’s population, the largest age cohort – have every facet of their lives studied by those who want to analyze their behavior, mostly in order to better sell them goods and services. The financial services …

Retirement

Greek private TV workers protest feared job losses

ATHENS, Greece (AP) — About 200 journalists and other workers in Greek private TV stations have held a peaceful protest outside Prime Minister Alexis …

Europe

Is the 4 percent rule still relevant for retirees?

If you read about retirement, you will probably be familiar with the 4 percent rule.<p>The rule was created in the mid-1990s by a now-retired financial planner to keep people from outliving their retirement nest eggs. Here’s how it works: If you have a nest egg of $1 million, you should draw down no …

Retirement

I Left Investment Banking and Wrote a Book That Blew Open Wall Street's Sexist Culture

My first boss warned me that nobody likes a girl who talks about changing things and maybe he was right. But she sure gets to like herself.<p>In the …

Cavs' Kyrie Irving: 'My life's changed drastically' since Game 7 of NBA Finals

The star's clutch shot represented validation for him<p>Kyrie Irving has taken hundreds of thousands of jump shots in his 24 years on Earth. Few of them …

Basketball

Lessons of the Wells Fargo Fake-Account Scandal

What you need to know about banks and securities firms cross-selling products.<p>Wells Fargo, one of the leading consumer banks in the U.S., was hit …

What Small Business Owners Need to Know About Insurance

The wrong or not enough coverage can put even the most successful organization out of business, fast<p>You've likely spent a lot of time and effort to carefully and strategically launch your business, but do you have the insurance you want? Many small-business owners and entrepreneurs aren't …

7 Important Financial Steps Before Your 30s | Founder's Guide

My mother was right. And I cringe at this thought because the phrase “I told you so” is a mother’s deadliest words. One we can all relate to …

Personal Finance

How Much Money Do You Really Need To Save For Retirement?

How much money do you really need to save up for your retirement and are Americans really meeting this goal? According to a recent GoBankingRates survey that involved over 4,500 participants, 56% have $10,000 or less in savings, 28% aged 55 and up have none, and about 75% overall are falling short …

U.S. jobless claims rise; planned layoffs surge | Reuters

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market.<p>Job applicants await their turn at the Lockheed Martin booth …

Economy

9 Places To Visit Before They Disappear Forever

Our planet is filled with jaw-dropping sights and incredible creatures, but human intervention threatens to wipe out some of its most magnificent …