Latest news with #CancerVax
Yahoo
18 hours ago
- Business
- Yahoo
Low-Income Earners Were Asked About People Making $75K-115K+ Who 'Still Say It's Not Enough.' The Reactions Spanned From Empathy To Eye-Rolls
A Reddit thread on r/NoStupidQuestions recently prompted a wide range of replies after someone asked how low-income earners feel about people who make $75,000 to $115,000 or more but 'still say it's not enough.' The original poster, who said they were once in the $30,000 to $50,000 income range and now earn above six figures, noted their lifestyle hasn't changed much despite the pay bump. They found it surprising that higher earners often still claim they're struggling financially. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. The replies poured in, offering everything from understanding to exasperation. Many pointed out that cost of living varies wildly by location. 'I'm making over in 100K in NYC but sometimes that feels like barely enough after retirement savings, emergency funds, student loans, rent etc.,' one person wrote. Others noted that if you live in a high-cost area like San Francisco or Boston, even six figures can feel tight. Another major theme was lifestyle creep. 'As you make more money, you start buying nicer stuff, eating at fancier places, or upgrading things you didn't need to upgrade,' one person said. All of this can quietly inflate your monthly budget. Still, others highlighted hidden expenses that don't show up in salary figures. Some higher earners support family members or face high health care and childcare costs. 'I make $90K and feel broke because half my paycheck goes to daycare,' one parent commented. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Not all replies were empathetic. Some users were openly dismissive of people earning over $75,000 who said they couldn't make ends meet. One wrote, 'Many people have literally no idea how to save money or no self control to do it. All my coworkers get DoorDash multiple times a week, go to the bar every weekend, have $800 car payments, and complain they are broke. If they got a 50k raise they'd still be broke.' Others blamed poor decision-making. "Yeah, there are two types of broke people. Those who are broke because of bad luck and the system against them, and those who are broke because of how they act. The former can be helped by getting a better-paying job, but the latter will always find a way to spend more than they make," one person said. In the end, the thread revealed just how complex the conversation around money can be. Income alone doesn't tell the full story. Context, cost of living, spending habits, and financial literacy all play major roles. While some commenters showed compassion for high earners feeling the squeeze, others found it hard to sympathize when they're scraping by on far less. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $ Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Low-Income Earners Were Asked About People Making $75K-115K+ Who 'Still Say It's Not Enough.' The Reactions Spanned From Empathy To Eye-Rolls originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
19 hours ago
- Business
- Yahoo
Low-Income Earners Were Asked About People Making $75K-115K+ Who 'Still Say It's Not Enough.' The Reactions Spanned From Empathy To Eye-Rolls
A Reddit thread on r/NoStupidQuestions recently prompted a wide range of replies after someone asked how low-income earners feel about people who make $75,000 to $115,000 or more but 'still say it's not enough.' The original poster, who said they were once in the $30,000 to $50,000 income range and now earn above six figures, noted their lifestyle hasn't changed much despite the pay bump. They found it surprising that higher earners often still claim they're struggling financially. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. The replies poured in, offering everything from understanding to exasperation. Many pointed out that cost of living varies wildly by location. 'I'm making over in 100K in NYC but sometimes that feels like barely enough after retirement savings, emergency funds, student loans, rent etc.,' one person wrote. Others noted that if you live in a high-cost area like San Francisco or Boston, even six figures can feel tight. Another major theme was lifestyle creep. 'As you make more money, you start buying nicer stuff, eating at fancier places, or upgrading things you didn't need to upgrade,' one person said. All of this can quietly inflate your monthly budget. Still, others highlighted hidden expenses that don't show up in salary figures. Some higher earners support family members or face high health care and childcare costs. 'I make $90K and feel broke because half my paycheck goes to daycare,' one parent commented. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Not all replies were empathetic. Some users were openly dismissive of people earning over $75,000 who said they couldn't make ends meet. One wrote, 'Many people have literally no idea how to save money or no self control to do it. All my coworkers get DoorDash multiple times a week, go to the bar every weekend, have $800 car payments, and complain they are broke. If they got a 50k raise they'd still be broke.' Others blamed poor decision-making. "Yeah, there are two types of broke people. Those who are broke because of bad luck and the system against them, and those who are broke because of how they act. The former can be helped by getting a better-paying job, but the latter will always find a way to spend more than they make," one person said. In the end, the thread revealed just how complex the conversation around money can be. Income alone doesn't tell the full story. Context, cost of living, spending habits, and financial literacy all play major roles. While some commenters showed compassion for high earners feeling the squeeze, others found it hard to sympathize when they're scraping by on far less. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $ Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Low-Income Earners Were Asked About People Making $75K-115K+ Who 'Still Say It's Not Enough.' The Reactions Spanned From Empathy To Eye-Rolls originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
New To Investing? Vincent Chan Says Low-Cost Index Funds Are the Easiest Way to Get Started
Investing is one of the common paths to long-term wealth, but it can feel complex if you are just getting started. Luckily, financial guru Vincent Chan recently revealed the simplest way to get started. Not only is it easy to start investing based on Chan's advice, but his strategy has a proven track record of multiplying your money in the long run. The Easiest Things To Invest In Are Low-Cost Index Funds' Chan explained in the video. It sounds basic, but that doesn't make it a bad suggestion. Here's why index funds remain one of the most popular ways for people to invest. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Index funds offer investors exposure to a basket of companies. Some index funds contain a few dozen companies, while other index funds contain hundreds of publicly traded corporations. A couple of index funds even have well over 1,000 stocks, offering broad exposure to the market. You don't have to get the most diversified index fund to get good results. Some funds with 100 stocks perform better than funds with 500 stocks. The main strength of index funds is that they enable automatic portfolio diversification and streamline investing. You don't have to research a bunch of stocks, know what to look for in a good stock or follow the news every day. A portfolio manager can do all of those things for you as your money grows in an index fund. You can accumulate index funds in any investment account that lets you trade stocks. However, Chan suggests giving preference to tax-advantaged accounts like your 401(k), HSA, and Roth IRA when you make investments. These accounts let you reduce your tax bill as you grow your investments. Traditional retirement accounts let you reduce your taxes right now, while you won't have to pay any taxes on withdrawals from your Roth IRA. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Chan suggests investing any remaining money into a brokerage account once you have maxed out your tax-advantaged accounts. Investors should also monitor any changes the IRS makes to the maximum amount they can contribute to retirement accounts. You also get to make catch-up contributions to your retirement accounts the moment you turn 50. Chan recommends looking for index funds that have low expense ratios. This ratio reflects the cost of holding the fund and having an investment firm manage it on your behalf. Passively managed ETFs that mirror benchmarks like the S&P 500 typically have low expense ratios. It's realistic to find passively managed ETFs that have expense ratios below 0.10%. Investors can further explore index funds by analyzing their total returns. You can look at how much a fund has returned over the past five and ten years to gauge if it's consistent or volatile. It's also good to look at a fund's asset allocation to see if most of the stocks are in the tech sector or another industry. Some investors also look at a fund's yield to see how much cash flow they will receive just by holding on to shares. While most investors shouldn't prioritize a fund based on its yield, receiving passive income from investments becomes more valuable as you get closer to retirement. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article New To Investing? Vincent Chan Says Low-Cost Index Funds Are the Easiest Way to Get Started originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
2 days ago
- Business
- Yahoo
'It Reeks of Envy': Homeowner Says He's Sick of Bitter Buyers Complaining They're Priced Out — 'Make More Money or Move Somewhere Cheaper'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. There's venting about the housing market—and then there's wishing financial ruin on anyone who bought a home since 2020. One homeowner says the bitter online crowd has officially crossed the line. On Reddit, a frustrated poster took aim at what they called the rising wave of real estate resentment. "It's incredibly ugly and offputting, and it reeks of envy," they wrote. "People basically cheering on crashes and assuming anyone who bought in the past two years is overleveraged and truly can't afford anything they signed up for." Don't Miss: Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can invest with $1,000 at just $0.30/share. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. The post wasn't exactly subtle, but it didn't hold back either. "If you are outpriced from your market, you can either look to gain additional income or seek in lower cost areas," the homeowner said. "Yelling at and berating those who bought in your desired area are not acceptable responses, and being bitter towards those people will be damaging to your mental health in the long run." The internet, naturally, had thoughts. Some clapped back with sarcasm: "It's pretty selfish that you want to afford a home in your hometown... please consider working two full time work-from-home jobs; it's actually pretty easy to pull off this scam!" Others vented real frustration, especially in high-cost cities like Miami where locals have been priced out by out-of-town buyers and foreign investors. "Drive through Brickell, Midtown, or North Miami Beach at night and you can see buildings with less than 10% with the lights on," one commenter wrote. "Thousands upon thousands of vacant condos while many locals sleep in cars." Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Become an Investor in This $41.3M Clean Energy Brand Today The tone of the original post didn't exactly win hearts. Many found it dismissive and out of touch. One commenter shot back, "We're not rooting for a crash because we hate homeowners — we're just tired of watching the ladder get yanked up." Another didn't hide their mixed emotions. "Yeah, I cheer when speculators who treated housing like a slot machine take a hit. It's satisfying. But regular people get caught in the mess too, and that sucks." The market may be cooling slightly, but thanks to stubborn interest rates, sky-high insurance, and rising taxes, affordability is still out of reach for many would-be buyers. So while prices may dip, the dream of ownership remains a grind. And for those hoping to score a house without having to uproot their lives or take on a second job? They're not rooting for a crash—they're just rooting for a shot. Read Next: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. With Point, you can get up to $500,000 in cash from your property with no monthly payments and no income requirements — even if your credit isn't perfect. This article 'It Reeks of Envy': Homeowner Says He's Sick of Bitter Buyers Complaining They're Priced Out — 'Make More Money or Move Somewhere Cheaper' originally appeared on
Yahoo
2 days ago
- Business
- Yahoo
5 Things You May Have In Common With Every Millionaire
Are you on the path to becoming a millionaire? If you want to know for sure, it's good to see what millionaires already have. Even better, see which money habits they all seem to have in common. You can do this research yourself, but why do that when you can get quick access to the five things every millionaire has in common? You might check off all five items on this list. In that case, you're on your way to a seven-figure portfolio. If not, it may be worth seeing how you can align your finances and goals to have these five traits. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Millionaires make regular investments in assets like stocks and real estate that gain value over time. Stocks are the easiest asset to enter since they are highly liquid. Cryptocurrencies have the same convenience. You don't have to build or maintain a property to buy stocks and crypto. Real estate is another popular asset since people will always need places to live. Real estate also has unique tax advantages that you won't find with stocks. Most millionaires don't blow through their money, especially people who take decades to reach the seven-figure milestone with steady investments. They look for ways to save money, and one of the best ways to cut your expenses is by purchasing a used car that gets the job done. Used cars have already endured a lot of depreciation. It's better to get a car that has already lost value than it is to drive a new car and watch its value plummet the moment you pick it up from the dealership. Opting for more affordable cars will give you extra money to pour into your investments. Then, your wealth will compound faster and set you up for a seven-figure portfolio. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. A college degree is not required to become a millionaire, but many of them have college degrees. It's more common for millionaires to get degrees from public state schools than top-tier private universities. Many people use their college degrees to pursue new career opportunities. It's better to have a college degree than it is to not have one. However, you shouldn't be discouraged if you do not have a college degree. Some people have become millionaires off a high school education. Many millionaires invest to build wealth, and they also tend to use 401(k) plans to boost their wealth. These accounts come with significant tax advantages, and most employers match a portion of your contributions. It's good to max out your 401(k) plan each year. Doing this for 20 years can help you establish a strong nest egg, and if you can max out your 401(k) plan for more than 20 years, that's even better. Plus, when you turn 50, you can make an annual catch-up contribution in addition to your regular contribution. Combine a 401(k) plan with an IRA, and you can contribute even more money to tax-advantaged accounts every year. The last thing most millionaires have in common is that they don't carry credit card balances. While any debt has interest, credit cards are notorious for their high rates. You can end up with an APR that's close to 30% if you don't manage your credit card debt and end up with a low FICO score. The best-case scenario is an APR of about 20% for most cardholders. Millionaires don't spend more than they make each month, making it easy to pay off their credit cards each month. By paying off their credit cards on time, millionaires avoid interest while enjoying all of the perks that come with having a credit card. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 5 Things You May Have In Common With Every Millionaire originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
