He says that for boomers, who lived through an economic boom, accumulating wealth was easy-or at least easier than it has ever been since. Baby boomers currently hold more than $85 trillion in assets, making them the richest generation by far. Therefore, they earn the title "all about the money." Millennials, meanwhile, were handed a map and told the exact steps to follow to find the financial success their parents enjoyed.
Ever notice how the people with the flashiest lifestyles often have the emptiest bank accounts? It's a strange paradox: those who look the wealthiest are sometimes the ones struggling most to make rent. I learned this lesson the hard way after being laid off during media industry cuts. Those four months of freelancing taught me something crucial about money that I wish I'd understood earlier.
For Love & Money is a column from Business Insider answering your relationship and money questions. This week, a reader is frustrated that his partner of nearly a decade is avoidant with financial planning. Our columnist suggests either being comfortable with separate finances or gently guiding his partner along her personal finance journey. Dear For Love & Money, My partner and I have been together for almost 10 years now.
Looking back, it's easy to spot the moments where things could have gone differently. At the time, each financial decision felt justified, and sometimes even smart! Whether it was driven by optimism, pressure, or a belief that I could "figure it out later," I made choices that seemed reasonable in the moment but were costly over time. What surprised me most wasn't just the money lost, but how similar the underlying mistakes were.
We live in a world of consumerism whether we like it or not. It's hard to do anything or go anywhere (or even doom scroll) without being served up the latest gadget, subscription, or solution - most of which end up being a reason you have to devote so much time to decluttering the damn house. How can you know when your latest splurge is actually worth it or just a waste?
Abbie Beggs is a business owner and content creator. In 2020, during the first Covid-19 lockdown, when she was 20 and facing into her final year at university, she decided to launch Bound Apparel to fill a gap she identified in the market. There were plenty of leggings suitable for time spent at the gym, but what about the other hours of the day?
Remember that moment when you check your bank account and wonder where all your money went? Last month, I had one of those wake-up calls. After getting laid off and freelancing for four months, I thought I'd gotten pretty good at budgeting. But there I was, staring at my statement, realizing I'd somehow spent $847 on things I couldn't even remember buying. That's when it hit me: The problem was all those "normal" expenses that everyone just accepts as part of life.
You can't completely discredit Musk's take, though. Yes, forgoing retirement on the belief that AI and tech will just figure it out in a few decades is a massive gamble. But the past few years have reminded us that tech can quickly flip the script on conventional wisdom. Five years ago, a career as a computer programmer felt secure. Now ... not so much.
Then life happens, and suddenly it's June and you can't recall what your resolutions even were. But it doesn't have to be that way. Sometimes the problem isn't a lack of motivation but rather a lack of tools, the kind that can make those goals feel more manageable and easier to achieve. After all, the right gear can help turn good intentions into habits that actually last.
Happy Birthday: Give yourself a chance to calibrate what satisfies your needs before you venture forward. Having the facts and formulating the outcome first is necessary this year if you want to be successful. Being happy with yourself and how you look, feel and present yourself to others qualifies you to give your all and assume a position of control. Put your emotions to rest and your valuable assets to work for you. Your numbers are 8, 19, 22, 27, 36, 42, 45.
When I started writing for the Money section earlier this year, a few people I told seemed surprised. Evidently, I was not thought of as a very money-savvy person, and that's fair - I don't think I came across as one. And while I'm no financial fool, working on money stories and keeping up with the different perspectives that Indo Money publishes has still been enlightening.
Many Americans have visions of $2,000 stimulus checks dancing in the heads thanks to the president's promises. The Trump administration seems resolute in delivering a welcome boost to middle-class taxpayers, a cool $2,000 per person, funded by the influx of tariff revenues from trade partners. But the Treasury has yet to sign on the dotted line, and there's no 100 percent guarantee that the stimulus package will see the light of day.
Influencers are incentivized to make you feel behind so you keep buying. The problem is not influencers as people, it is the culture of constant consumption that social media amplifies. When spending becomes a performance, it distorts reality. she tells EL PAIS. You see the purchase, not the credit card bill. You see the lifestyle, not the insecurity behind it. Influencer spending can create pressure, comparison, and shame, all of which keep people from focusing on long term financial health.
