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Added on the 27/07/2019 09:14:40 - Copyright : Wochit
Financial consultant Alli Williams was just 29 when she took on $154,000 of her husband's debt when they got hitched. Since then, they've paid off $50,000 of the debt, including an auto loan, some student loans, and a credit card. Not only that, but they also paid for a wedding, college tuition, and have saved for a baby and a house. According to Business Insider, Williams believes in prioritizing expenses, such as bonding activities and savings goals, but not in harsh deprivation. On a practical level, every paycheck is divvied up between bills, savings, and debt repayment. As for windfalls such as gifts, bonuses, or tax refunds, Williams sets allocation percentages without knowing the amount. For example, 50% will usually go toward debt, another 20% towards savings, and so on. When the money hits the bank account, she doesn't have to dither!
A new survey of just over 2,000 Americans reveals over half would be willing to live in a tiny home. According to Business Insider, such interest in tiny homes has been on the rise since the start of the coronavirus pandemic. Source: Getty Images What's more, 72% said they would consider using a tiny home as an investment property. Affordability, efficiency, eco-friendliness, and minimalism were cited, in that order, as the four most attractive factors that the tiny home lifestyle has to offer. Privacy and mobility, however, fell lower on the list.
JPMorgan's Jamie Dimon told CNBC he wouldn't touch US Treasurys with a "10-foot pole." Dimon says they're a poor investment right now. The yield on the 10-year US Treasury note was last at around only 0.9%. That comes despite having doubled in around four months. Business Insider reports that interest rates remain near record lows and investors prefer equities right now. Speaking at a virtual conference, Dimon said there may be a bubble in some parts of the stock market, but not all of it. He also expressed support for a second US stimulus package.
JPMorgan released a note about the stock market in 2021. JPMorgan said the stock market is primed to surge in 2021. 2021 is when key risks like the US election and COVID-19 pandemic will begin to subside. "The equity market has one of the best setups for sustained gains in year," JPMorgan said. According to Business Insider, JPMorgan's note said they expected the S&P 500 to surge 26% to 4,500 by the end of 2021.
On Tuesday, shares of Beyond Meat plunged 22%. The drop came after the company reported a large revenue miss and slow sales growth in the third quarter. Beyond Meat reported net revenues of $94.4 million vs. $132.8 million expected by Wall Street. There was a loss per share of 28 cents versus the estimated earnings per share of five cents. CEO Ken Goldman attributed the third quarter loss to consumers "freezer loading" in the second quarter during the pandemic. Analysts at JPMorgan said it's unclear why Beyond Meat is floundering. Investors were also confused about the scope of Beyond Meat's collaboration with McDonald's in launching the new "McPlant."
The road to the Oval Office is fraught with peril and stained with blood, sweat, and tears. But once there, the US President makes out reasonably well. According to Business Insider, the president earns an annual salary of $400,000, as well as unlimited access to Air Force One, Marine One, and Camp David. He and his family are also looked after by over 100 White House staffers, including top-flight pastry chefs, maids, landscapers, plumbers, and a head housekeeper. While the president is never really 'off,' he and his family can relax and watch movies in the White House media room, and work off steam in a number of sports areas. Finally, US presidents get free healthcare and a generous $200,000 annual pension--for life!
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