Tim

205 Flips | 3 Magazines | 5 Likes | 22 Following | 2 Followers | @timothyaloy | Keep up with Tim 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 “Tim”

African mobile banking service M-Pesa is calling investors

If you're searching for the latest in mobile technology and banking, Africa is calling: check out M-Pesa in Kenya. It's a phone system, it's a bank and it's a roaring success.<p>M-Pesa (pesa is the Swahili word for money) is a game-changing technology leap – a mobile money system that lets customers …

Donald Trump breaks his silence on anti-Muslim comments

By Mandy Oaklander/TIME<p>Donald Trump defended himself on Twitter Saturday against criticism that he did not challenge a questioner at a recent town …

Are you rich? Here’s how to tell — and why you should care

When I was a kid, we used to talk about the rich being millionaires. Based on the run down house I saw that just sold for a million in Toronto’s …

Retirement

How to Get Rich Slowly

<b>Do you want to be a Millionaire?</b><p><b>Sure you do, why not. $1,000,000 is a nice amount of money -- even at 5 percent interest in retirement, it's enough to drop $50,000 into your bank account each year to supplement whatever else you may have coming in. So let's agree that it's nice to have a Million</b> …

Jeb Bush’s Tax Plan Is Pretty Weird

Mixing Romneyism with populism<p><i>We’ve added an update to this story with more details of Jeb Bush’s tax plan, which were released Wednesday …

Income Inequality

Twitter is feeling pressure to name a new CEO

Investors are getting antsy over the precarious situation over at Twitter (TWTR).<p>The social network, which saw CEO Dick Costolo depart at the end of …

CyanogenMod 11.0, 12.0 and 12.1 released - security patches and Android 5.1.1 in tow

CyanogenMod continues to be the most popular third-party Android ROM in the world, so you can be sure they are trying to keep their software as fresh as possible. This does warrant plenty of software upgrades a year. Today we are here to welcome a few stable releases to CyanogenMod; these would be …

What Americans need: An 'idiot-proof' retirement system

Volatility in the stock market over the last couple of weeks has caused enormous unease among investors big and small. Tens of millions of people with much of their retirement money in the market are worried about seeing a sudden plunge in prices. Many of these people will sell their stock to …

Retirement

The stock market roller coaster is not being felt by most Americans for one simple reason

That's because fewer people are invested in the stock market today than at any time in nearly the last two decades -- the product of dogged wage stagnation and a dramatic loss of faith in markets.<p>Data varies by source. But according to the U.S. Federal Reserve's most recent survey, only about 48 …

In a switch Westinghouse Security turns to Indiegogo to launch its smart lock

Westinghouse, a brand well-known for supplying both big electrical equipment and smaller household appliances, is turning to a crowdfunding platform …

Harper Says No To Netflix Tax In Canada Even Though It Already Exists

No “Netflix tax” in Canada. That was the word from Canadian Prime Minister Stephen Harper. Harper promised not to tax streaming services last week, saying, “I’m 100% against a Netflix tax — always have been, always will be.”<p>He warned, however, that his opponents might do just that, claiming, “Some …

Superstar Harvard Law professor Lawrence Lessig wants to run for president — and he told us why

Joi Ito / Flickr<p>As he announced on Tuesday, hyper-influential Harvard law professor Lawrence Lessig is planning to run for president.<p>If he makes it …

What Jon Stewart's last show means for millennials

Tonight marks the end of a 16-year institution on Comedy Central as the network’s second longest-running show, <i>The Daily Show with Jon Stewart</i>, airs …

The Retirement Expert Who Got Death Threats for Her Ideas

Retirement policy wonks don't usually get hate mail. But in 2008, Teresa Ghilarducci, an economics professor at the New School for Social Research, …

How to play catch up with your retirement savings

<i>I'm 46 years old, earn $115,000 and have only $3,000 in savings. What must I do to be able to retire at 65? -- Shawn, Georgia</i><p>There's no way to sugarcoat this. You are way behind where you ought to be in building a nest egg. Given your age, you should ideally have a bit more than three-and-a-half …

Retirement

How A Couple Of 'Frugal Weirdos' Are Saving 71% Of Their Income So They Can Retire At Age 33

What do you do when you’re fed up with your job and always living for the weekend?<p>If you’re this young Boston couple, you decide to save more than two thirds of your income so you can retire to a homestead in the woods of Vermont before your 35th birthdays.<p>Meet Mr. and Mrs. Frugalwoods, a software …

frugalwoods

Scott Walker has some serious credit card debt

Republican presidential hopeful Scott Walker has positioned himself as a fiscal conservative, having cut government spending while governor of …

My honeymoon in Bali revealed a tropical island with an ugly trash problem

<i>Dispatch is a new series of first-person stories from the road. Readers can share their experiences, from the sublime to the strange.</i><p>In early February, a tweet from the Wall Street Journal asked, "Which countries create the most ocean trash?" Without even looking at the story, I was certain I knew …

REPORT: Attorney general of Texas indicted on securities fraud

The three-count indictment against Ken Paxton, a Republican, will be unsealed in Dallas on Monday, when the former longtime state lawmaker is expected to turn himself in to authorities, according to the Times.<p>The newspaper named Kent A. Schaffer, one of the two special prosecutors handling the …

How much money do you have to save each day to become a millionaire at 65?

There are plenty of legal ways of becoming a millionaire, but you probably won’t be able to do it overnight. However, if you’re determined to reach …

Jack Dorsey's Square reportedly files for IPO

Square has reportedly filed for an IPO, people familiar with the matter told Bloomberg.<p>The mobile-payments company, which was founded by Twitter’s …

If You Have $500, You Can Start Investing. But Should You?

Here's a better idea: Build up a bank account first.<p>Still trying to get started saving for retirement? Your task just got a little easier.<p>Online …

Investing

5 Excellent Retirement Calculators (And All Are Free)

Confession time. I’m a pushover for online calculators. Actually, any type of gadget gets my attention (hold on while I check email on my Apple Watch). But there’s just something sublime about an online financial calculator that enables us to see our finances or investments in a unique and …

Wealthfront sparks robo price war, drops account minimum to $500

Through his announcement, which Mr. Nash posted on the blogging site Medium, he called out his competitors for charging monthly fees for small …

This Billionaire Is Building His Own All-Star Trading Team

Steven Schonfeld amassed a billion-dollar fortune by seizing on short-term market moves. Sitting in a Park Avenue office dressed in a black hoodie …

Banks Are Right To Be Afraid of the FinTech Boom

<b>Correction appended Dec. 12, 2016.</b><p>Americans across the economic spectrum struggle to manage their money. We spend too much, save too little, and wait …

Financial Services

George Zimmer, a millionaire with a plan to help the middle class

In 2010, not long after the tea party was making its presence felt, a group with a different makeup and mission was created: the Patriotic Millionaires. Its membership requirements are an annual income over $1 million and/or assets of $5 million, and it wants policy changes that will open more …

Income Inequality