Wealth

Shohei Ohtani, formerly of the Los Angeles Angels, pitches during a game in Anaheim, California, on July 6, 2021. Daniel Shirey | Major League Baseball | Getty Images Shohei Ohtani made history this week with a 10-year, $700 million contract to play for Major League Baseball’s Los Angeles Dodgers. The deal’s unique payout structure, however,

NASHVILLE, Tenn. — As Tennessee leads many states in financial literacy in public high schools, Junior Achievement of Middle Tennessee aims to boost those lessons through career, entrepreneurship and personal finance programs. Speaking to high school students in December at Junior Achievement’s Finance Park program in Nashville, CNBC’s senior personal finance correspondent Sharon Epperson shared

Westend61 | Westend61 | Getty Images If the current stock market rally added profits to your portfolio, a lesser-known strategy could help rebalance your assets or reduce future taxes. The strategy, known as tax-gain harvesting, allows you to leverage lower earning years by strategically selling profitable brokerage account assets. “Tax gain harvesting is like a

Only 41% of investors with more than $1 million have a plan for passing on their wealth to future generations, UBS says. kate_sept2004 via Getty Images As retirees consider their legacy, a popular income tax-saving strategy has become more common, experts say. The strategy, known as a Roth individual retirement account conversion, transfers pretax or nondeductible

When your life hits a rough patch, there’s nothing wrong with shedding a few tears, but “you have to soldier through it,” according to late billionaire Charlie Munger. “You can cry, all right. But you can’t quit,” Munger told CNBC’s Becky Quick last month, shortly before his death at age 99. Amid sharing his tips

When it comes to the ultra rich, you might think there’s some unknown secret to attaining such success. But there isn’t, according to billionaire Charlie Munger, who died last week at age 99. “I don’t know the secret,” Munger told CNBC’s Becky Quick in an interview last month, initially meant to air on his 100th

In 2016, I was 36 years into a successful career as a financial author, podcaster, TV host and speaker. But it seemed like many of my peers were striking gold after creating virtual courses on investing and entrepreneurship.  There were even popular courses on how to build courses. Some were priced for as much as

In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Don’t call the Ferrari Purosangue an SUV. For one, the company doesn’t, omitting the moniker from its launch materials and press announcements, dubbing it instead “the first four-door, four-seater Ferrari.” Ferrari’s mystique is built on racing and rarity. Slapping the famed prancing horse on just

Consumer spending has remained remarkably resilient in the face of persistent inflation — but that has come at a cost. To keep up with higher prices, Americans racked up more credit card debt than ever this year. Not only are balances higher, about half, or 47%, of cardholders are carrying debt from month to month, creating

Avoiding mistakes in business and life comes down a few simple things, according to billionaire investor Charlie Munger, who died last week at age 99: good financial habits, integrity and “avoiding toxic people and toxic activities.” Munger shared the advice during a Q&A session at Berkshire Hathaway’s annual shareholders meeting in May. An investing icon

In this photo illustration, British billionaire Richard Branson is seen on a fragment of a Virgin Galactic Unity 22 Spaceflight Livestream Youtube video displayed on a smartphone with the Virgin Galactic logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Virgin Galactic shares plunged more than 14% in premarket trade on Monday, after

Career changes can be hard, even for Bill Gates — who credits a simple, lifelong habit for his switch from a narrow-minded, decades-long focus on computers and software to international philanthropy. “I had a long period from about age 18 to 40 where I was very monomaniacal … Microsoft was everything,” Gates, 68, recently told