Latest news with #Jelani
Yahoo
28-06-2025
- Business
- Yahoo
NY man's debt explodes to $100K in under a year due to gambling — what Dave Ramsey told him to do ASAP
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. When Jelani from New York called into The Ramsey Show about his financial problems, he didn't sugarcoat his situation. "I owe over $100,000. I'm kind of lost right now,' he told finance personality Dave Ramsey in a clip posted May 28. 'I don't know if I should file [for] bankruptcy. I just need some advice." Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 4 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how Jelani owed around $80,000 in credit card debt, $8,500 in student loans and $11,500 on a car loan. His debt has accumulated rapidly since Thanksgiving, when he only owed $30,000. Jelani is a truck driver earning between $110,000 and $140,000 per year. The source of his rising debt? Gambling via an online dice game. Ramsey and co-host Jade Warshaw warned Jelani about the mental and financial toll of gambling and the psychological traps it creates. Jelani admitted he quit gambling cold turkey and hadn't yet sought help through therapy or Gamblers Anonymous, prompting Ramsey to urge him to get support from someone who understands the sobriety process. As for a financial recovery plan, Ramsey laid out a no-frills approach: Create a 'scorched-earth, no life' recovery budget where all spending halts except for necessities and tackling debt. 'Eat peanut butter and jelly. Eat beans and rice. That's it,' Ramsey advised List debts from smallest to largest and use the snowball method to pay them down aggressively Pick up extra shifts at work and aim to increase income as much as possible Jelani's story is far from unique. Nearly 1-in-4 adults are drowning in 'unmanageable' debt, according to a survey from Experian conducted in March. Read more: This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Online gambling has grown in America. According to the National Council on Problem Gambling, an estimated 2.5 million adults in the U.S. meet the criteria for a severe gambling problem every year. Around 85% of adults have gambled at least once in their lives, while 60% have gambled within the past year. Sports betting also went up nationwide in 2024, with revenue jumping 25.4% to a record-breaking $13.71 billion. This rise may be thanks to easier access to sports betting as more states have legalized the practice. But there's a silver lining. With proper planning and execution, 45% of those who once felt overwhelmed have wiped their debt clean, according to Experian's survey. If you're unsure how to take control of your finances or are facing financial anxiety, an advisor can help you get back on track. Financial advisors can help you chart a course to being debt free, then help grow your wealth when you're on the other side. After all, a good advisor can be a lifelong financial partner. If you're trying to figure out where to start, you can find vetted FINRA/SEC registered advisors near you for free with Their network of experts only includes fiduciaries, which means they are required by law to act in your best interest. All you have to do is answer a few questions about your financial situation, and will pair you with an expert. From there, you can set up a free introductory call with no obligation to hire to test the waters, and see if they're a good fit for you. Once you feel more confident about your money, the next step is to build good habits that can help you achieve financial freedom. Knowing where your money is going at all times can help you trim unnecessary expenses. Money management platforms like YNAB can help you simplify spending decisions and clarify your financial priorities. You can then try funnelling those savings into paying down your debt. Assigning every dollar a job — whether it's paying down debt or saving for retirement — can help you take control of your finances. YNAB can help you create a personalized debt paydown plan and calculate how much you could be saving in interest if you top up your monthly payments with a little extra. You can also sign up for a free coaching session to learn more about managing your finances from experts. Plus, you don't have to enter your credit card information when you sign up for YNAB's free trial. Once you've paid down your debt, consider saving and investing in order to build wealth. Even if you start from scratch, a little goes a long way toward developing a hefty nest egg. For instance, investing just $30 each week for 20 years could add up to just over $80,000, assuming it compounds at 10% annually. The S&P 500 index has averaged 13.46% returns annually over the last 15 years. So, consistently investing in low-cost index ETFs could be your ticket to long-term growth. The best part? You don't need a lot of money to start saving for your long-term financial goals. Once you're debt free, try to carry your new saving habits forward as you squirrel money away for your golden years. Financial aid only funds about 27% of US college expenses — but savvy parents are using this 3-minute move to cover 100% of those costs Elon Musk just endorsed Warren Buffett's '5-minute' fix for America's multi-trillion debt problem — and 1 Senator is drafting a constitutional change to make it real. Do you think it'll work? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here's how much the average 60-year-old American has in retirement savings — and 5 critical ways you can secure your nest egg Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. 登入存取你的投資組合
Yahoo
06-06-2025
- Business
- Yahoo
NY man's debt explodes to $100K in less than a year due to gambling — what Dave Ramsey told him to do ASAP
When Jelani from New York called into The Ramsey Show about his financial problems, he didn't sugarcoat his situation. "I owe over $100,000. I'm kind of lost right now,' he told finance personality Dave Ramsey in a clip posted May 28. 'I don't know if I should file [for] bankruptcy. I just need some advice," he told celebrity finance personality Dave Ramsey. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Jelani shared he owed around $80,000 in credit card debt, $8,500 in student loans and $11,500 on a car loan. His debt accumulated rapidly since Thanksgiving, when he only owed $30,000. A truck driver earning between $110,000 and $140,000 per year, Jelani revealed his debt stemmed mostly from gambling via an online dice game. Ramsey and co-host Jade Warshaw warned Jelani about the mental and financial toll of gambling and the mental traps it creates. "Typically, when you have something that's been such a big part of your life and your habits, just removing it is not enough — you have to replace it with something else," Warshaw said. Jelani admitted he quit gambling cold turkey and hadn't yet sought help through therapy or Gamblers Anonymous, prompting Ramsey to urge him to get support from someone who understands the sobriety process. As for a financial recovery plan, Ramsey laid out a no-frills approach: Create a 'scorched-earth, no life' recovery budget where all spending halts except for necessities and tackling debt. 'Eat peanut butter and jelly. Eat beans and rice. That's it,' Ramsey advised. List debts from smallest to largest and use the snowball method to pay them down aggressively. Pick up extra shifts at work and aim to increase income as much as possible. Ramsey emphasized the urgency of his plan: 'You need to do this in a year to 18 months because that indicates the intensity by which you're running straight into the problem and from the thing that caused the problem — the gambling.' Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Online gambling has grown in America. The American Gaming Association reports online casino revenue increased 28.7% in 2024 from a year earlier in the seven states with full-scale legal iGaming. That figure represents $8.41 billion in growth. Sports betting also went up nationwide in 2024, with revenue increasing 25.4% up to a record revenue of $13.71 billion. Sports betting's rise in recent years may largely be attributed to increased accessibility as more states have legalized the practice. According to the National Council on Problem Gambling (NCPG), an estimated 2.5 million adults in the U.S. meet the criteria for a severe gambling problem in any given year. The organization also notes around 85% of adults have gambled at least once in their lives, while 60% have gambled within the past year, and that some form of gambling is legal across 48 states and the District of Columbia. The NCPG outlines several key warning signs of gambling addiction, which include: Increasing thoughts about, or time and money spent on, gambling Feeling out of control, or continuing to gamble despite negative consequences Chasing losses, or continuing to gamble in an attempt to win back money Feeling restless or irritable when not gambling Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
See - Sada Elbalad
05-03-2025
- Entertainment
- See - Sada Elbalad
Libyan Designer Nesrein Jelani Debuts Luxurious Ramadan Collection
Pasant Elzaitony - Yara Sameh The holy month of Ramadan is one of the months in which there are many gatherings and outings, and women search for the perfect modest, elegant, and classy outfits. Therefore, fashion designers aim to present a special collection for the holy month. The Libyan Egyptian-based designer Nesrein Jelani is one of the designers interested in presenting a Ramadan collection. Jelani, who has been residing in Egypt for years, debuted her latest Ramadan collection under the title "Revella" and came modern, sophisticated, and elegant. A simple, different, more modern collection that mixes the European touch and the Arab spirit, combines soft and bold colors and gives women positive energy by highlighting their beauty and delicacy in elegant, modest, and classic outfits. Talking about her inspiration for the collection, Jilani noted: "The name Revella is a woman's name meaning the wild olive tree, which reminds me of the land and the ancient history connected to peace and the deep-rooted Arabism,". "I have described it with glimpses that I see as modern and Arab, blending the ancient history of the East with the modernity of the West," she added. As for the name behind the collection, Jilani explained: "Revella is a woman who shakes off her pain and suffering, determined on moving forward, set on reaching psychological peace, donning on a soft, simple, elegant and modest appearance, carrying an aura majestic, confident, bold, and extravagant, but rich with a simple look that is harmonious with the cuts of the design and harmonious with a contemporary Arab Ramadan look that I intended to demonstrate its simplicity even in the style of hair, makeup, and accessories in the photo shoot and designs that can be worn on occasions outside the Ramadan season as well,". The designer relied on muslin, satin, silk, and tulle fabrics and presented soft details in hand embroidery with crystal, agate, and feathers with the utmost softness. By Nesrein Jelani Regarding the reason for mixing fabrics, Jelani noted: "I send a message in the red design mixed with light gray. I see her shaking off all the pain and seeing the whiteness, peace, and freedom embodied through the sleeve of the colored- feather dress with the wing cut. She obtains her peace by intertwining the red and light gray colors (the price is expensive, and the meaning is beautiful but expensive and tiring). By Nesrein Jelani Some of the cuts highlighted the shape of the wing in the sleeves, shoulder, and back. Sometimes there is fluidity and sometimes there are sharp-cut details. The colors chosen for the collection explain the meaning (strength, boldness, peace, and calm; softness, pride, loftiness, and wealth). This is how Revella imagined it.
