Month: February 2023

4 side hustles for Gen Z that can bring in hundreds or even thousands of dollars a month – CNBC

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Everyone is getting in on the side hustle craze. More than a third of Gen Xers, 36%, currently have a side gig, according to a May 2022 Zapier survey of 2,032 U.S. adults. And nearly two thirds of both Gen Zers and millennials have one, 59% and 61%, respectively. Gen Zers, specifically, make an average of $9,537 per year on their side hustles.

If you’re a member of that younger generation and are looking to cash in on the trend, there are plenty of hustles for you to consider. “Think about what stage in life you’re in,” says side hustle expert Kevin Ha. “You’ve got more time, probably, you’ve got the ability to live unconventio…….

Passive income

Earn Passive Income With This Side Hustle That’s Perfect for Introverts – Yahoo Finance

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Pekic / iStock.com

No longer a rarity, workers are embracing side hustles to counter growing financial concerns like never before. The decision to join the gig economy often comes from the prospect of earning passive income, but many people who start side hustles are looking for something different, something fun or branching further out into something they enjoy.

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According to a recent Fiverr survey of 2,000 workers, 73% of Americans …….

Passive income

Extreme Saving Method Speeds Up Early Retirement Option – AARP

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​When Nicole Gosz and her husband started following FIRE, “we focused on living on as little as we could,” she says. She spent $12 in one year on makeup, for example — beauty e-tailer SkinStore reports the average woman spends $8 per day on makeup — “and I coupon and layer that on top of sales.” She says she and her husband eat 90 percent of their meals at home.​

And that’s not even the hard part. Retiring early from a full-time job means having to buy health insurance, the cost of which goes up with age, and living without the safety net of Social Securi…….

Financial independence

Americans prefer to cling to cash after shaken by stock market volatility – Yahoo Finance

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Last year’s stock market volatility rattled Americans so much that almost 2 in 3 prefer to have their money sit in cash on the sidelines rather than endure market swings.

That is the latest finding from Allianz Life, which asked this question for the first time in a recent survey of 1,005 adults over 18 in December.

And data released in January by the Department of Commerce shows that Americans are again starting to sock away more cash. The savings rate for December was 3.4% — the highest level in seven months and the biggest month-over-month jump since July 2021.

While cash savings look more attractive now give…….

Stock market

Stock market news live updates: Tech leads post-Fed rally as Nasdaq surges 3% – Yahoo Finance

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U.S. stocks finished mixed Thursday, highlighted by a vault upward by tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another batch of earnings from the industry’s biggest players.

The technology-heavy Nasdaq Composite (^IXIC) soared by more than 3% at the close. The S&P 500 (^GSPC) added 1.5%, while the Dow Jones Industrial Average (^DJI) lagged, dipping 0.1%.

The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.398% Thursday. The dollar index increased 0.5% to $101.70.

The moves continued a Wall Street rally that began Wednesday following the Federal Reser…….

Stock market

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters

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SEOUL, Feb 1 (Reuters) – Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.

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Cryptocurrency

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

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Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.

CNBC

Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality.

“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday.

“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states th…….

Cryptocurrency

ESG investment rule emerges as top ‘woke’ target for Republicans battling Biden – Fox News

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Republican and Democrat lawmakers in recent weeks have been targeting the Biden administration’s environment, social and governance (ESG) investment priorities, and they are warning Americans that these priorities may be working against their financial goals.

ESG standards are increasingly used by investors and asset managers to guide their decision-making. The environmental factors considered often include how a corporation contributes to pollution or climate change.

Social criteria examines a company’s relationship with employees, ethics, engagement with nonprofits and stake in the co…….

Investments

Ashton Kutcher’s tech investments made him millions—now he only takes ‘roles that I want to play’ – CNBC

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Ashton Kutcher is making a comeback of sorts, reprising his star-making role as Michael Kelso on “That ’90s Show.”

But the 44-year-old didn’t take the Netflix show because he needed a paycheck. In fact, Kutcher said in a recent profile in Esquire that he never needs to take a role for the money again.

That’s because over the past 13 years, Kutcher has quietly embarked on a successful tech investing career through his fund A-Grade Investments, which he founded in 2010 along with entertainment manager Guy Oseary and billionaire Ron Burkle.

Investments in companies like Uber, Airbnb, Spotify and Warby Parker have paid …….

Investments