Monday, May 17, 2021

Where To Put Your Money When Starting Your First Job

Huge congratulations are in order: you graduated college and just scored your first job in the real world — and you did this all during a global pandemic.

While you may feel eager to spend your newfound income, it's crucial that you take advantage of your age and put some of that money toward retirement. Your nonworking years may feel incredibly far away, but the earlier you start building a nest egg the bigger it can become.

"Young savers are the best savers because they've got the one thing every other saver wants: time," says Andrew Meadows of Ubiquity Retirement + Savings , a 401(k) provider for small businesses. Thanks to compound interest , which essentially pays interest on top of interest, the money you stash away today will grow exponentially.

Publisher: CNBC
Date: 2021-05-17T19:35:39 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Natrona County and Wyoming Receiving COVID Relief Money

In a press release put out by Governor Mark Gordon, his office has identified a few areas on which the federal dollars will be spent that have been awarded to the state under the Coronavirus State and Local Fiscal Recovery funds provided by the American Rescue Plan Act (ARP).

Wyoming recently received the first half of the state’s $1 billion in federal money, $534 million, according to Michael Pearlman, communications director for the governor's office.

Publisher: K2 Radio
Date: 2021-05-17 15:42:22
Author: samhaut
Twitter: @k2radiowyo
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The Importance Of Money In The Different Startup Stages

Entrepreneurs need to be conscious of the stage of their venture and shouldn't over-extend in ... [+] hiring, promoting, or even fundraising before their startup can justify it.

Money is without a doubt at the center of gravity of the startup world. Even when people are talking about companies that have changed the world like Google, Apple, or Microsoft, the focal point of the story is always the huge market caps of the companies or the fortune of their founders and investors. And when we are talking about up-and-coming startups, the main point of interest is the amount of money they've managed to raise.

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Publisher: Forbes
Date: 2021-05-17
Author: Abdo Riani
Twitter: @forbes
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Biden's free-money gambit

About 39 million families in every Congressional district will start receiving these payments in July. Since there are income cutoffs—$75,000 for single taxpayers and $150,000 for married couples—the benefits will accrue to working- and middle-class families and be unavailable to wealthier taxpayers. It's a meaningful amount of money, too. A married couple with one kid in each age bracket would get $6,600 per year, with half of that arriving in $275 payments on a monthly basis, upfront.

Twitter: @Yahoo
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How to help kids learn about money | AZ Big Media

Financial literacy is key to understanding how to save, earn, borrow, invest, and protect your money wisely. It is also essential to developing short and long-term money habits and skills that lead to greater financial well-being. National studies have found that only 1 in 5 teenagers in the U.S. had basic-level skills regarding the principles of saving money. In fact, students in other developed countries faired far better than Americans –including Russia, China and Poland.

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Publisher: AZ Big Media
Date: 2021-05-18T03:00:50 00:00
Author: Blufish
Twitter: @AZBigMedia
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Budget report reveals Capital Metro has money to spare - Austin MonitorAustin Monitor

On May 12, Capital Metropolitan Transportation Authority CFO Reinet Marneweck presented the financial report for the 2021 fiscal year to the Capital Metro Board of Directors. The report covered revenue, operating expenses and Capital Metro sales tax as they relate to budgeting in the company at large.

"Seeing as we're about 50 percent into the fiscal year, you would expect revenue target being about 50 percent of budgeted revenue. But we are significantly below that because the ridership assumptions for the 2021 budget was significantly higher than what we're currently seeing," Marneweck told the board.

Publisher: Austin Monitor
Date: 2021-05-17T05:01:13 00:00
Author: On May 12 Capital Metropolitan Transportation Authority CFO Reinet Marneweck presented the financial report for the 2021 fiscal year to the Capital Metro Board of Directors The report covered revenue operating expenses and Capital Metro sales tax as they relate
Twitter: @austinmonitor
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Cramer's Mad Money Recap: AT&T, Time Warner and Discovery - TheStreet

What does a phone company have in common with the media business? Apparently, not much given the final selling price, which includes saddling AT&T with a ton of debt and slashing its dividend by more than half.

Cramer said there were never any synergies in the AT&T-Time Warner merger and the only one who made out was Time Warner. "The whole thing was a clown show."

But there are a few lessons to be learned. First, in corporate America, anything goes, and you'll never hear an apology for losing you a ton of money. Second, never reach for stocks with high dividend yields. As we saw today, big yields get cut. And finally, there are no referees in investing. While AT&T's board of directors could have stopped this ill-fated acquisition, they didn't.

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Publisher: TheStreet
Date: 2021-05-17T23:11:34Z
Author: Scott Rutt
Twitter: @thestreet
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Don't Waste Your Money: Bank Text Scams

Some call it the most dangerous bank scam ever. A text or a phone call from your bank saying your account has been locked for fraud.

Michelle Hoeting got a text message on her phone the other day and immediately worried. It was locking up her account.

The FTC says they don’t. The scammers send these texts randomly, knowing if you have an account with that bank, you’re going to pay attention.

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Publisher: ABC27
Date: 2021-05-18T03:02:10 00:00
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5 Tricks to Decide Where to Best Invest Your Money | Personal Finance | mcdowellnews.com

Where should you invest your money? With so many types of securities to choose from, this first choice may seem limitless.

But while the universe of investments you can choose from is large, that doesn't mean that every possibility is right for you. Making sure that your holdings match up with your investment objectives is important. Consider the following five factors.

One of the first things you should determine before picking an investment is when you will need the money. If you plan on withdrawing it in 30 years, the type of holding that is best for you could be different than if you will need it in three years.

Publisher: McDowellNews.com
Author: _____
Twitter: @mcdowellnews
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