2023 Young Entrepreneur of the Year: Financial technology entrepreneur Maxwell Nicholson has a knack for DIY projects

2023 Young Entrepreneur of the Year: Financial technology entrepreneur Maxwell Nicholson has a knack for DIY projects

Source: Blossom Social Blossom is a social investing platform for new investors For someone under 30, Maxwell Nicholson has already lived a surprising number of lives. At the age of 13, he opened a cupcake shop in his hometown of Grand Forks, receiving media attention and acclaim. He later attended the University of Victoria, where …

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Why putting more into a 401(k) can now increase your college financial aid

Why putting more into a 401(k) can now increase your college financial aid

Photo: mangpor2004 (Shutterstock) The Free Application for Federal Student Aid (FAFSA) determines your eligibility for need-based financial aid for college. In previous years, the FAFSA asked families about the amount they contributed each year to employer-sponsored retirement accounts, like 401(k)s, and factored it into overall annual income households, thereby reducing their eligibility for assistance based …

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I’m a financial planner: here are 3 things you should always spend on if you want to be rich

I'm a financial planner: here are 3 things you should always spend on if you want to be rich

FatCamera/Getty Images Some purchases, like buying designer clothing or making daily impulse purchases, don’t provide the lasting value needed to live a wealthy life. Rather than spending all your money on these purchases, the wise approach is to strive for three keys and carefully invest in the assets in each of them. I’m a Self-Made …

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My cousin is about to retire at 55. In the meantime, my last financial advisor told me to pay off my mortgage, which was not good advice. How can I get on the right track?

My cousin is about to retire at 55.  In the meantime, my last financial advisor told me to pay off my mortgage, which was not good advice.  How can I get on the right track?

Question: My cousin recently informed me that he has been working with a financial planner for years and will be retiring at 55. I live in the UK. Is it advisable to hire a financial planner in the UK or have advisors in the US work with international clients? When we sought financial advice 2 …

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Leon Cooperman warns of persistent inflation, recession and financial crisis

Leon Cooperman warns of persistent inflation, recession and financial crisis

Leon Cooperman. Rick Wilking/Reuters Leon Cooperman warned of persistent inflation, higher interest rates and a potential recession. In an interview with Insider, the billionaire investor blamed senseless fiscal and monetary policy. Cooperman called on the US authorities to sort out their actions before they plunge the country into crisis. Short-sighted officials paved the way for …

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7 Missteps for Financial Advisors to Avoid

7 Missteps for Financial Advisors to Avoid

Time and time again, research shows that the personal relationship between a client and their advisor is paramount to the success of both parties. Without a strong personal relationship, advisors cannot provide the level of personalized, high-quality advice that clients seek today. For this reason, clients may disengage from their advisor or fire them outright …

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6 Issues Unoccupied Folks Must Oppose Purchasing to Spice up Their Resignation Financial savings

6 Things Empty Parents Should Stop Buying to Boost Their Retirement Savings

eggeeggjiew / Getty Pictures/iStockphoto When your children in the end reduce the coop, it’s tempting to indulge within the spending sprees you could have loved while you had been unmarried and childless. However having an unoccupied nest could also be a just right alternative to keep an eye on your spending and build up your …

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