Personal Finance
If becoming a multi-millionaire were easy, everyone would be doing it. There are over 22 million millionaires in the US, and likely many more on the path to reaching this level of wealth. The numbers get smaller as you move up the net worth scale. I want to share with you 12 hurdles you will need to overcome if you wish to become a multi-millionaire yourself. I recently helped a couple reach their financial freedom, a number of $10 million of liquid net worth that they could use to fund their lifestyle if they quit working. They are celebrating by…
Tesla Stock Price Drop: Why TSLA Crashed 50% Since December And The Impact On Investors Tesla stock has plunged by over 50% since December, a dramatic collapse that has stunned shareholders and analysts alike. In mid-December 2024, Tesla traded near an all-time high of around $480 per share; by early March 2025, it had sunk to roughly $220. This wipeout erased over $800 billion in market value, the steepest drop Tesla has seen in years. Even Elon Musk’s Tesla shares have not been spared – Musk’s net worth has tumbled by more than $100 billion during the crash. Given that…
The U.S. Office of Personnel Management (OPM) recently emailed over 2 million federal employees an offer to pay eight months of salary in exchange for resignation. Initiated by the newly launched “Department of Government Efficiency” (DOGE), roughly 75,000 employees accepted the deal. The change underscores a broader shift of large institutions curtailing their workforces. This trend could have significant implications for retirement planning for many Americans. Other prominent examples of 2025 layoffs include: These recent cuts add more data points to what seems to be a pattern. In 2019, multinational industrial and technology company General Electric offered buyouts to nearly…
Hundreds of thousands of federal student loan borrowers may be impacted by President Donald Trump’s latest student loan forgiveness action, imperiling a popular program that, until fairly recently, had enjoyed bipartisan support. The Public Service Loan Forgiveness program, often referred to as PSLF, provides a pathway to loan forgiveness for borrowers who commit to careers in the nonprofit or public sectors. Borrowers can qualify for complete federal student loan forgiveness after making 120 qualifying payments (the equivalent of 10 years) on eligible loans under a covered repayment plan while working full-time for certain organizations engaged in public service work. At…
The View From The Ground: A Federal Prison Crisis Federal prison camps are often portrayed as the safest and easiest to manage within theFederal Bureau of Prisons (BOP). Most inmates housed in these facilities are minimum security, pose little risk of violence, and have a low likelihood of reoffending. With fewer correctional officers than higher-security prisons and minimal threats of violence, these camps should be among the most manageable institutions in the system. However, prison camps are among the most expensive to operate (aside from high-security prisons), and both BOP officials and inmates report growing challenges in managing their populations.…
PSLF Executive Order And Student Loan Forgiveness Freeze Wreak Havoc On Student Loan Borrowers Ashley Morgan did everything right. She was among the first in her family to attend college, earning a debate scholarship to cover most of her undergraduate tuition at Baylor University. She worked multiple jobs in graduate school and took on student loans for law school, confident that her clear, well-paying career path would allow her to manage the debt. She wasn’t reckless—she followed the system, relied on the promises of income-driven repayment plans and student loan forgiveness, and planned for the long term. Yet now, still…
CEO William Lansing has burnished the credit score’s dominance and pushed through price hikes, making a bundle for long-term shareholders and himself an almost-billionaire. By Stephen Pastis, Forbes Staff In January 2012, the revenue, profit, stock price and reputation of credit scoring company FICO still hadn’t recovered from the hit they all took during the housing bust and financial crisis of 2007 and 2008. That’s when the board abruptly replaced the company’s chief executive, a Ph.D. econometrician, with one of their own members: William Lansing, a lawyer who had spent nearly a decade as a McKinsey consultant, done stints in…
According to NBC News, there were 88,000 college students in Gaza when the war broke out in October 2023. The students’ lives were upended. Shyama was one of those students. Islamic University of Gaza Campus Destroyed Shyama was a third-year student at the Islamic University of Gaza (IUG), an internationally recognized institution with 18,000 students. Her home, near the occupied border, was bombed at the start of the war and she and her family were forced to evacuate; Shyama fled with a single bag containing her computer and a change of clothes. Over the next several months, she and her…
“Why didn’t they teach this in school?” is a common thought when it comes to filing personal income taxes. Taxes are often one of the most complex and least understood aspects of personal finance. For those recently divorced, the first year of filing separately from your former spouse can feel especially daunting. Despite the stress, with each passing year filing taxes will become much easier. To help you navigate this, we have compiled answers to some of the most frequently asked questions to ensure you start your tax season on the right foot. Who Will Prepare My Return? Hiring a…
By stunningly lopsided votes (Senate 32-1-2, House 70-0-0), the Idaho legislature has approved the passage of the Idaho Uniform Public Expression Protection Act, known as “UPEPA”, into law. The Idaho UPEPA now goes to Governor Brad Little for signing but will not go into effect until January 1, 2026. This now makes ten states that have adopted the UPEPA as their Anti-SLAPP statute (or 11 if one counts Oregon as some do). Thus, the UPEPA now represents almost one-third of all the Anti-SLAPP statutes in the United States. Looking at the text of the legislation, which is found as Idaho…
Imposter scams have long been among the most lucrative for scammers. According to the Federal Trade Commission, consumers lost $2.7 to imposter scams second only to investment scams in 2023. While there are many variations of this scam, the most common variations have involved scammers calling, texting or emailing their victims posing as a trusted government agency, such as the FBI, IRS, US Postal Service, FTC or the Social Security Administration. Other times the scammers will pose as a company with which we commonly do business such as Amazon or Netflix. The scammer then, under a wide variety of pretenses,…
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