Picks - Personal Finance

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People thought they caught JPMorgan buying bitcoin after Jamie Dimon called it a 'fraud' - but that's not what happened

Over the weekend, a tweet, which suggested JPMorgan was buying up a product tied to the success of bitcoin, sent shockwaves through the cryptocurrency community.<p>But like most outrage on the internet, it was unwarranted.<p>The screenshot, which was retweeted over 2,000 times, shows JPMorgan is among …

Jamie Dimon

The iPhone X Isn't Overpriced, It's A Massive Bargain

The only thing more predictable than iPhone hot takes – like this one – is the desperation of writers to declare that the new iPhone of Note 8 is “massively expensive”. I’m here to tell you that, in fact, it’s a massive bargain.<p>Once the dust had settled on the launch event I had a little look at …

Phones

Buying a home might be a smart financial decision — but it's not always a good investment

"It's the best investment I ever made!"<p>"Why haven't you bought a house yet? You know you're just throwing your money away on rent, right?"<p>Has anyone ever said those things to you? I know I've heard them multiple times. From friends. From family. From strangers on the internet. From just about …

Mortgages

Who Pulled Off the Biggest Bitcoin Heist in History?

Inside the mystery of how Mark Karpelès and his Mt. Gox company lost almost $500 million in cybercurrency.<p><i>“Even in the midst of hell, it all depends on how much Bitcoin you’ve got.”</i><p><i>That would be modern version of an old Japanese saying (地獄の沙汰も金次第) but it still holds hold true. Bitcoin is worth a</i> …

Cryptocurrency

The Japanese concept of Ikigai could be the secret to a long, meaningful life

What's your reason for getting up in the morning?<p>Just trying to answer such a big question might make you want to crawl back into bed. If it does, the Japanese concept of ikigai could help.<p>Originating from a country with one of the world's oldest populations, the idea is becoming popular outside of …

Happiness

The Biggest Mistake People Make in their Careers (and lives)

A Careerbuilder survey found that 49% of all workers accept the first offer given to them.<p>A Career builder survey found that 49% of all workers accept the <i>first offer given to them.</i> For people under 35, who are far less likely to negotiate, these numbers are surely much higher.<p>Losing an extra few …

Self-improvement

I retired a millionaire at 43 — here are 6 of my favorite spending and saving hacks that helped me get there

<i>This post comes from Budgets Are Sexy guest columnist Mr. 1500. He hit financial freedom at the age of 43 with $1,800,000, and is the founder of a financial blog, 1500Days.com.</i><p>Life is good in retirement. I'm thrilled to have a net worth of $1,900,000 which enables me to live my life on my own …

Money

In 5 years of studying rich people, I found self-made millionaires have 7 habits that help them build wealth

• <b>Thomas C. Corley spent five years interviewing rich people.</b>• <b><br>He found that there are two types of self-made millionaires: those who took a risk, and those who displayed good habits over time.</b>• <b><br>Those who had good habits tended to do a lot of the same things that helped them build wealth.</b><p>In my five-year …

Wealth

What the Rich Won’t Tell You

Over lunch in a downtown restaurant, Beatrice, a New Yorker in her late 30s, told me about two decisions she and her husband were considering. They were thinking about where to buy a second home and whether their young children should go to private school. Then she made a confession: She took the …

Equality

I built a $1.8 million net worth flipping houses — but it took me years to realize the biggest mistake I made

<i>If I could sum up what went wrong in one sentence, it would be this:</i><p><i>We forgot to enjoy life.</i><p><i>I should have sat back and smelled the roses instead of the sawdust every once in a while. It would have taken a little longer, but what fun is life if you’re not living?</i><p>My journey to financial independence …

Wealth

Cash Is About to Become Obsolete. Here's How You Can Get Ready for It

Money, in its physical form, has been around for thousands of years. It has been remade and redeveloped time and time over. And it's happening again.<p>How often do you find yourself paying with cash, writing checks, or interacting with bond certificates? Because a reality is soon approaching where …

Banking

7 essential tips to avoid the 'lifestyle creep' that keeps you from building wealth

Like many people, I spent my college years being extremely frugal.<p>I did all kinds of things in college to save money. I ate absurd amounts of ramen noodles, as it was an extremely cheap form of calories. I lived in a tiny apartment with as many as seven other people to get rent well below the $100 …

Money

I ditched my financial advisor for an app, and saving money has never been easier

A few months ago, I finally decided to start doing something with the money I've saved over the years.<p>At the risk of sounding cliché, I'm a millennial with almost no investing experience. I have a 401(k) retirement account, but all my non-retirement savings has been stashed in a standard savings …

Financial Planning

The Real Difference Between a $10 and $100 Bottle of Wine

If you answered $90, you are only partially right.<p>If you answered $90, you are only partially right. You can spend a widely varying amount on a bottle of wine, from a bottle of Barefoot wine at under $5.00 to a bottle of of Chateau Petrus at nearly $5,000. They are both wine, made from grapes, so …

Grapes

Investment in one area of fintech is up more than 2500% year-on-year

LONDON — More than £200 million has been invested into UK "InsurTech" — insurance technology startups — so far this year amid a flood of interest from investors, according to new figures from Accenture.<p>The consultancy said on Friday that £218 million has been invested into InsurTech businesses in …

The City

Men who want to fight sexism at work: Read Sheryl Sandberg’s blunt advice

For years, Sheryl Sandberg has been at the forefront of women’s fight for professional equality. The Facebook chief operating officer’s 2013 book <i>Lean In</i> sparked innumerable contentious, essential debates about how women can advance in the workplace.<p>But in a new interview with LinkedIn co-founder …

Feminism

Consumers Face Upcoming 'Golden Age' Worth $2.95 Trillion, Study Says

Technology is one of the most rapidly changing elements of modern businesses. But according to the Painting the Digital Future of Retail and Consumer Goods Companies report from Accenture Strategy, that’s not going to be a bad thing at all for consumers. The study found that, if companies invest in …

Trends

3 Tips To Put Your Customer in the Right Mindset To Make a Purchase...that don't require cajoling, pushing, or dealmaking

That don't require cajoling, pushing, or dealmaking<p>A sale happens when a customer is in the mood to buy something, not when a salesperson ordains it. A prospect needs to have some very basic needs met in order to become a customer. So rather than focusing on pitching, I teach my reps to concentrate …

Customer Service

STUDY: Men puff up their successes on LinkedIn, while women undersell themselves

When it comes to self-promotion, men have an advantage. LinkedIn’s analysis of millions of its U.S. member profiles found that men brag far more than …

Employment

Top 10 biggest global concerns, according to millennials

<b>These are the people we'll be entrusting the planet to, let's listen to them and give them the support they need.</b><p>It seems that just about every …

World Economic Forum

Why India’s hospitality sector is having a hard time hiring skilled women

Employers often have to win over the women’s parents first.<p>Banudas Sonawane is an angry man. Angry that his eldest daughter, Anita, 19, joined a …

India

PayPal’s Latest Innovation Is...a Credit Card

PayPal’s newest product -- a credit card -- might be more traditional than its usual offerings, but investors are actually excited about its …

Banking

How to know whether you have ‘enough’ to retire early

“Enough” is perhaps the centrally important concept to early retirement.<p>Calculating it with some degree of accuracy is critical for everyone, especially when we’re talking about much longer retirements than most traditional retirement advice is based on.<p>If you already have your “enough” number in …

Retirement Planning

Studies Show Employees Don't Respect a 'Cool' Boss, They Want These Types of Bosses Instead

Trying to be besties with everyone won't win office politics.<p>In the early days of running my business, I remember trying to be everyone's buddy. I wanted to be a cool boss and create a fun place to work. Ultimately, my efforts backfired: every time something went wrong, it was near impossible to …

Leadership

Warren Buffett turns 87 on Wednesday — here's his brilliant explanation of how bubbles are formed

Warren Buffett turns 87 on Wednesday.<p>In honor of his August 30 birthday, we decided to look back at one of his brilliant insights.<p>Back in 2010, in an interview with the Financial Crisis Inquiry Commission, Buffett answered several questions about what he thought caused the housing and credit bubble.<p>…

Wealth

This Email From Elon Musk to Tesla Employees Describes What Great Communication Looks Like

A newly acquired email from Musk outlines a brilliant philosophy. But it's easier said than done.<p>Throughout the years, billionaire entrepreneur Elon Musk has demonstrated the art of masterful communication.<p>The following is a perfect example: It's a copy of a previously unpublished email Musk sent …

Leadership

Want to save money and grow richer? This is the best way to rank financial priorities, experts say.

Ready to get your financial house in order? You need to know where to start: how much money you really need at your age to meet your goals — and how …

Personal Finance

The most important pillar of the bull market is starting to crumble

Well, it was a fun ride while it lasted.<p>Red-hot corporate earnings growth — historically the biggest contributor to share-price appreciation — has nowhere to go but down, Strategas Research Partners says.<p>This is significant because any sort of slowdown would deprive the market of its most crucial …

Markets

Here's why lottery winners go broke

After winning the biggest undivided jackpot lottery in U.S. history, Mavis L. Wanczyk of Chicopee, Massachusetts, ignored much of the advice that …

Wealth