Latest news with #financialdecisions
Independent Singapore
5 days ago
- Business
- Independent Singapore
Woman says her brother keeps falling into debt chasing ‘fast money,' and their mum always bails him out
SINGAPORE: A woman recently shared on social media that she's worried that her brother, who keeps making poor financial decisions, might never change. Posting on the r/singaporefi subreddit on Friday (July 25), the woman explained that her brother has, over the years, dabbled in various side hustles that promised 'fast money.' These included cryptocurrency schemes, high-risk investments, and so-called money games that often lure people in with the promise of quick returns. Unfortunately, none of these ventures ever worked out. 'Every time he lost money, it was my mom who stepped in to help him clear the debt. This has happened more than once, and the debts were not small,' she wrote. 'Mismanaged credit cards, loans, and failed investments. The cycle keeps repeating.' Now, she said, her brother is exploring yet another high-risk venture that claims to offer quick returns. She fears the same outcome is inevitable. What troubles her more than his risky behaviour is the pattern of their mum constantly coming to his rescue. 'It's tough to watch,' she shared. 'She's getting older. How long can she keep rescuing him? It's not just about money anymore. It's about enabling a mindset that never learns from past mistakes.' She believes part of the problem lies in how her brother was raised. Being the only son in the family, he grew up pampered, she said. 'He got what he wanted, had the best of everything, and eventually took over the family business.' However, the woman said that running the business did not help him develop financial discipline. 'Because it's a family business, there's no fixed salary. He never really learned how to manage money properly. Income and expenses all blur together.' Despite her disappointment, she acknowledged that her brother managing the business did help the family financially during her younger years, and she is still grateful for that. Even so, she admitted feeling worn down. 'How many times can a family keep absorbing these hits? Has anyone seen someone like this finally turn things around? What was the turning point? I want to believe change is still possible. Maybe your stories or advice can give me something to hold on to.' See also Decentralised, blockchain-based stock exchange to be created 'Tell your brother what he's doing is just like gambling.' Eager to help the woman out, several Singaporean Redditors chimed in on the thread to share their thoughts and offer some guidance. One wrote, 'Looking at how he does things, it's likely his current environment is not good for him to develop well. Tell your parents to send him back to school. Take up an entrepreneurship programme or management programme.' Another commented, 'Speak with him with love and care, and give him your opinion as a sister. But he is his own man, and you need to respect that as well.' A third added, 'Tell your brother what he's doing is just like gambling—each new 'sure win' feels like the one to fix it all, but the losses keep stacking. Sometimes walking away is the bravest choice. The truth is real wealth builds slowly, not through chasing jackpots. Though I'm not sure if he's ready for any advice that goes against his [beliefs].' In other news, a domestic helper shared on social media that she felt genuinely upset after her employer refused to give her a two-month salary advance of S$1,200. In an anonymous post on the Direct Hire Transfer Singapore Maid / Domestic Helper Facebook group, the helper explained that she had requested the advance because her family in Myanmar was facing serious problems. Read more: 'I never even thought of running away' — Maid upset after employer refuses to give her a two-month salary advance of S$1.2k
Yahoo
6 days ago
- Business
- Yahoo
5 Warren Buffett Tips Celebrities Use To Build Lasting Wealth
If you're aiming to grow your wealth to extraordinary levels, it's wise to take a page from Warren Buffett's playbook. As one of the richest individuals in the world and a legendary investor, Buffett has mastered the art of smart financial decision-making. And his numbers speak for themselves. Buffett is currently estimated to have a net worth of about $141.5 billion — an amount you don't accumulate by accident. Read Next: Learn More: Because of this, it's no surprise that celebrities and high-net-worth individuals often turn to Buffett's insights to build and preserve their fortunes. From A-list actors and elite athletes to influential CEOs, many listen closely when the Oracle of Omaha shares his wisdom. His advice spans far beyond stock picks, touching on everything from nurturing relationships and honoring commitments to investing in companies you truly believe in. If you are looking to make better financial choices and pad your bank account as much as the rich and famous have, it's time to tune in to Buffett's timeless principles. Strong Relationships Build Wealth Bill Gates and Warren Buffett don't just share a spot on the list of the world's wealthiest individuals, but they also share a decades-long friendship. One of the most meaningful lessons Gates says he's learned from the legendary investor is the value of relationships. 'Warren Buffett talked about how, in the end, it's how your friends truly think of you and how strong those friendships are that really matters,' Gates once shared. This isn't the first time that the co-founder of Microsoft, with an estimated net worth of $116.8 billion, has spoken warmly about Buffett's relationship advice. Reflecting on their history, Gates has said, 'I've learned many things from Warren over the last 25 years, but maybe the most important is what friendship is all about.' For both Gates and Buffett, building wealth doesn't have to come at the expense of meaningful connections. Consider This: 'A Brand Is a Promise' A-list actress and Grammy-winning singer Jennifer Lopez revealed that her fragrance, Promise, was directly inspired by advice from Warren Buffett. The name stems from one of Buffett's most well-known branding philosophies: 'A brand is a promise.' Lopez embraced that idea wholeheartedly, building a powerful personal brand that has helped her amass an estimated net worth of $400 million. Buffett has shared this concept of 'keeping promises' at several Berkshire Hathaway shareholder meetings, emphasizing the importance of trust and consistency in business. Lopez said the message deeply resonated with her. 'He said a brand is a promise. And I just feel like everything that I put out into the world has to be a promise,' she explained. 'We have to have promises with ourselves. It's really the foundation that keeps us going. It really made me think about life in a bigger way.' Invest for the Long Term World-renowned alpine skier Mikaela Shiffrin is among the many high-profile individuals who closely follow Warren Buffett's investment philosophy. Known for prioritizing long-term value over short-term market trends, Buffett consistently advises investors to put their money into businesses they genuinely believe in. In the 2022 Berkshire Hathaway Annual Report, Buffett emphasized this approach: 'Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. 'Please note particularly that we own publicly traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie [Munger] and I are not stock pickers; we are business pickers.' Buffett's strategy highlights the importance of patience, trust and belief in a company's fundamentals, principles that resonate with Shiffrin and many others seeking financial growth. Protect Your Customers and Protect Your Brand During an interview with Barron's Editor-at-Large Andy Serwer, American Express CEO Stephen Squeri shared a critical piece of advice he received from Warren Buffett. 'Warren is our largest investor, and I talk to him quite a bit,' Squeri said. 'And during the pandemic… his advice to me [was] to 'protect two things. Protect your customers and protect your brand.'' It was this advice that shaped how Squeri led the company during a time of economic uncertainty. While many companies were scaling back, Buffett's words encouraged American Express to lean in. 'It would have been pretty easy to pull back even more,' explained Squeri, 'but we invested [in] more value propositions for our customers. We invested in our colleagues. And we invested in our brand.' The results speak for themselves. American Express emerged stronger, with profits continuing to soar. Final Take To GO: Apply Buffett's Principles To Build Lasting Wealth You may not have the fortune of a celebrity, A-list athlete or legendary investor, but that doesn't mean you can't start building your own. By following timeless advice from experts like Buffett — focusing on long-term investments, strong relationships and brand integrity — you can lay the foundation for lasting financial success. It may take time, but with discipline and the right mindset, your wealth-building journey can begin today. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on 5 Warren Buffett Tips Celebrities Use To Build Lasting Wealth 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
The Independent
21-07-2025
- Entertainment
- The Independent
Jon Stewart shares fears for Daily Show's future after Colbert's Late Show axed
Jon Stewart has opened up about the recent axing of Stephen Colbert's Late Show and expressed uncertainty about the future of his own program. CBS confirmed last week it was bringing the long-running Late Show to an end in 2026, blaming 'financial decisions'. But the move comes amid ongoing concerns about the impact of the looming Skydance-Paramount merger, that will require the approval of the Trump administration. 'They may sell the whole f******* place for parts. I just don't know,' the Stewart said on The Weekly Show. 'We'll deal with it when we do.' Stewart, whose Comedy Central show is owned by Paramount Global, said he hadn't heard anything yet but was prepared for the worst. 'Unfortunately, we haven't heard anything from them. They haven't called me and said 'Don't get too comfortable in that office, Stewart.' 'But let me tell you something, I've been kicked out of s******* establishments than that,' he continued. 'We'll land on our feet. I honestly don't know.' CBS executives insist the 'agonizing' decision to end the Late Show was not related to its performance or content. Stewart said he was in the dark as to whether 'ideology' would dictate the future of his show. 'We've all got a surmise about who actually is owning it and what his ideology is, but ideology may not play a part,' he said. His comments come after Paramount was accused of caving to President Donald Trump's demands by settling $16 million over reporting in a 60 Minutes interview with Kamala Harris that broadcast last fall. Trump has been reveling in the cancellation of Colbert's show, gloating on Truth Social Friday: 'I absolutely love that Colbert got fired.' 'His talent was even less than his ratings,' he added, before threatening other shows with the same fate. 'I hear Jimmy Kimmel is next. Has even less talent than Colbert! Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show.' Trump's 'moronic' reference was a signal to The Tonight Show host Jimmy Fallon. The news of Colbert's show being axed has angered fans, who booed when the host made the announcement on his show Thursday night. 'I share your feelings,' Colbert said.
CTV News
09-07-2025
- Entertainment
- CTV News
Kevin Jonas reveals he almost went broke after the Jonas Brothers split
To borrow a title from one of their most successful songs, Kevin Jonas is now 'Sucker.' (Stephen Lovekin/Shutterstock via CNN Newsource) To borrow a title from one of their most successful songs, Kevin Jonas is 'Only Human.' But the eldest member of the Jonas Brothers revealed he has made some poor financial decisions in the past and talked about it on a recent episode of 'The School of Greatness' podcast. Jonas shared that he's 'seen the beginning of success,' including 'not knowing what money really was and understanding it,' as well as 'losing almost all of it.' Explaining he couldn't get into too many details, Jonas said about nine years ago and was down to his last ten percent of money. 'I invested in a bunch of property and doing other things and I was building at the time,' Jonas explained. 'Sadly, it wasn't the right partnership, if you know what I'm saying?' He said he's learned from it. 'Thankfully for life in general, like we have a second shot and bite at the apple with the band coming back together,' Jonas continued. 'It actually was kind of fortuitous in a way. Like, I learned this lesson - never wanted to learn it, but I did- but then at the same time reevaluated how to approach life from that perspective and looking to the future.' The Jonas Brothers, made up of siblings Kevin, Joe and Nick, split in 2013 before reuniting in 2019. They will be celebrating their 20th anniversary with the 'Jonas20: Living the Dream' tour that kicks off in their native New Jersey in August. By Lisa Respers France, CNN
CNN
09-07-2025
- Entertainment
- CNN
Kevin Jonas almost went broke after the Jonas Brothers split
To borrow a title from one of their most successful songs, Kevin Jonas is 'Only Human.' But the eldest member of the Jonas Brothers revealed he has made some poor financial decisions in the past and talked about it on a recent episode of 'The School of Greatness' podcast. Jonas shared that he's 'seen the beginning of success,' including 'not knowing what money really was and understanding it,' as well as 'losing almost all of it.' Explaining he couldn't get into too many details, Jonas said about nine years ago and was down to his last ten percent of money. 'I invested in a bunch of property and doing other things and I was building at the time,' Jonas explained. 'Sadly, it wasn't the right partnership, if you know what I'm saying?' He said he's learned from it. 'Thankfully for life in general, like we have a second shot and bite at the apple with the band coming back together,' Jonas continued. 'It actually was kind of fortuitous in a way. Like, I learned this lesson - never wanted to learn it, but I did- but then at the same time reevaluated how to approach life from that perspective and looking to the future.' The Jonas Brothers, made up of siblings Kevin, Joe and Nick, split in 2013 before reuniting in 2019. They will be celebrating their 20th anniversary with the 'Jonas20: Living the Dream' tour that kicks off in their native New Jersey in August.
