Westend61 | Getty Images Side hustles have become an increasingly popular way to boost income. But are they necessary to reach financial freedom? “The answer is no,” said Gorick Ng, author of “The Unspoken Rules,” adding that there are plenty of people who don’t have side hustles and have achieved success. Still, Ng is in
Personal finance
By nearly every measure, the U.S. economy made a stunning recovery after the coronavirus pandemic spurred mass shutdowns and layoffs nationwide. The labor market has added back millions of jobs and wages have gone up substantially, even among lower-paying positions. But soaring inflation and rapidly rising interest rates have most Americans worried that the good
FG Trade | E+ | Getty Images The recent volatile price action in the stock market has been scary for some investors, especially younger ones just dipping their toes into putting money away for the long-term. Still, financial experts say that now is a good time for people to start investing or to continue to
skynesher Days of record market losses may inspire 401(k) investors to take action. Yet most experts caution against doing just that. The reason: Days when the markets are down tend to be closely followed by days when the market is up. If you sell and run for cover now, you may miss the upside. “The
As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first time ever, the average price was $4 per gallon or above in all 50 states this week, AAA data shows. Last year at
In this article WMT TGT A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images Many Americans feel anxious about money, especially when inflation is high, interest
Eakgrunge | Istock | Getty Images Many people who have dialed the Social Security Administration’s toll-free number during the Covid-19 pandemic have faced long wait times. In an effort to alleviate the customer service issues, Congress this week held a hearing to identify ways in fix the problems. The issues are something leaders on both
MoMo Productions | DigitalVision | Getty Images If you’re chasing portfolio income, you may be eyeing high-yield bonds, also known as junk bonds, which typically pay more interest but carry greater risk. Since interest rates and bond prices move in opposite directions, U.S. junk bond values have dipped to the lowest levels since May 2020.
Nosystem Images | E+ | Getty Images Amid market turmoil, there’s a term that analysts often start throwing around: investor or market capitulation. It generally means a point at which investors throw in the towel and sell, basically giving up on the asset and the hope of recouping lost gains. Generally, capitulation happens at a
DusanManic | iStock | Getty Images Multiple days of losses may tempt some stock investors to sell and run for cover. But that is exactly what you should not do. The reason: Days when stocks suffer big losses are often followed by days when they recoup. If you sell, you may miss the upside —
SDI Productions With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April. While home profits dipped slightly, the typical single-family seller still scored a $103,000 gross profit during the first quarter of 2022, according to ATTOM, a nationwide
Moyo Studio | E+ | Getty Images Many investors who pulled money out of the stock market in the last year now regret their decision. Some 38% of investors said they sold stocks last year due to a current event, according to a study from MagnifyMoney. Of that group, 40% said they wish they’d kept