‘I’d rather be caffeinated than depressed with $6’: Young Americans are rejecting Dave Ramsey’s financial advice — here’s why they say they’re ‘not willing to do anything to get out of debt’ Dave Ramsey has fervently preached financial advice to Americans for decades — but younger generations are now slamming the white-bearded radio host for … Read more
‘Being broke is a mindset’: New York man says he’s $100,000 in debt, but buys Gucci clothes and books expensive vacations. Is he wrong — or would Dave Ramsey agree with him? You may think that your status as “rich” or “poor” is based on your bank account. But according to one New York man, … Read more
‘Quit entertaining these crazy-butt ideas’: This South Carolina teacher earns $158K and is very close to retirement, paid-off home — but is considering more debt for renovations. Should she? Patience is a virtue: one that could come in handy in certain financial situations, according to personal finance guru Dave Ramsey. Dina, a 59-year-old teacher from … Read more
French President Emmanuel Macron welcomes Ukraine’s President Volodymyr Zelenskyy and German Chancellor Olaf Scholz for a meeting at the Elysee Palace in Paris, France, February 8, 2023. Sarah Meyssonnier | Reuters Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That’s the question hanging on the … Read more
‘This is the angriest I’ve ever been’: 24-year-old astrologer lost $440,000 by day trading crypto and now lives on credit card debt. Caleb Hammer responds Personal finance YouTuber Caleb Hammer has seen it all — from models who just want to “spend, spend, spend” to 40-year-olds who outright refuse to work. But one of the … Read more
A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: it’s putting AI bots on the phone with companies and consumers. The startup began by offering an AI-powered service that negotiated debt collections on behalf of consumers, which helped around 70% of customers resolve their collections and raise … Read more
Total credit card debt reached another record high in the fourth quarter of 2023, according to the latest Household Debt and Credit Report from the Federal Reserve Bank of New York. The outstanding balance grew to $1.13 trillion, an increase of $50 billion over a 90-day period. A spike in credit card debt for the … Read more
Multi exposure of virtual abstract financial graph interface on Chinese flag and sunset sky background, financial and trading concept Igor Kutyaev | Istock | Getty Images China state media removed a story that initially reported that Beijing plans to merge its largest state-owned bad debt asset managers with China Investment Corp, one of the world’s … Read more
HONG KONG — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of … Read more
‘It’s a fourth of your freaking take-home pay’: This Oklahoma man owes $51K on his RAM truck with a payment of $1.1K/month — plus has mortgage and motorcycle debt. Caleb Hammer responds A single purchase can completely change your financial situation. That’s what Taylor from Oklahoma City found out when he purchased his truck. His … Read more