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Added on the 28/09/2015 19:16:44 - Copyright : Reuters EN
To build wealth that can be passed down through generations, getting out of debt-- and staying out of debt--is very important. On the other hand, Business Insider personal finance contributor Jannese Torres-Rodriguez argues increasing your income is just as important. It's not always possible to find jobs that progressively pay more and more. But side hustles can serve that purpose instead. Torres-Rodriguez says her side hustles now bring in roughly $100,000 a year, and she uses it in three ways to build generational wealth. She first accelerated her own retirement savings. Then, she helped her niece with college, so she doesn't have to leave school burdened with debt. Now, it gives her enormous pleasure to be helping out her own beloved parents through their golden years!
New research suggests that Warren Buffett's Apple investment might not payoff over the next decade. Dimensional Fund Advisors tracked the largest 10 US stocks at the start of each decade since 1930. Business Insider reports that DFA found that on average, they underperformed the market by 1.1% over the next five years and 1.5% over 10 years. Apple is the most valuable US stock with a $2-Trillion market capitalization. Buffett's Berkshire Hathaway counts Apple as the biggest holding in its equity portfolio. The investor's company has more than tripled its money on Apple in less than five years. The company might not gain significantly more for a long time.
Perols (France), Sep 9 (EFE/EPA), (Camera: Guillaume Horcajuelo).- French distribution giant Auchan announced Wednesday the elimination of 1,475 jobs in France, a measure that will not affect its operations in Spain.FOOTAGE OF THE AUCHAN CHAIN IN THE CITY OF PEROLS, FRANCE
Alibaba Group CEO Jack Ma and Russian Prime Minister Dmitri Medvedev participated in a plenary session on digital economy at the 2017 Moscow International Forum 'Open Innovations', in the Russian capital on Tuesday. The CEO of the largest Internet company in Asia gave his views on the future of work, artificial intelligence, and the growing strategic importance of the Internet to the global economy.
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