Finance

Average net worth of Americans by age — see how you compare

No such thing as a free lunch ... or maybe a free day trip to Venice anymore, either

Mass tourism has placed such a strain on Venice that the city will be imposing a visitor's fee for 29 high-traffic days this year, starting April 25, to dissuade daytrippers and curb the growing number of tourists. Exemptions will apply to locals, commuters, people who pay property tax in Venice, visitors who stay overnight and those participating in sporting events, but some exemptions must be registered online. While this may only be a trial period, the results will be used to tweak the program with the goal of making it permanent.

If you're retired or about to retire, think carefully about your tax strategy

NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on a things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security. “It’s the biggest ch...

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

Matthew Green, MP for Hamilton Centre, questions Liberal government on soaring gas prices

Matthew Green, MP for Hamilton Centre, was looking for answers, from the Liberal federal government on Thursday, to a question about why gas prices soared across Canada Wednesday night.

Average US annual salary by age revealed – see how you compare

Bloomberg: US aid can give Ukraine respite but quick battlefield shift unlikely

The U.S. aid can provide Ukraine with breathing room, but an actual shift on the battlefield remains distant, Bloomberg reported on April 22. After months of congressional gridlock, the U.S. House of Representatives passed a $61 billion aid bill for Kyivon April 20, sending the legislation to the Senate. The delays have led to critical shortages in...

What's behind the jump in gas prices?

In 24 hours, prices rose an average of 15 cents per litre in Quebec and Ontario — that's the highest increase in nearly two years.

How the €1 European house scheme actually works

Ready for a doer-upper?

Business Matters: New condo sales in the Greater Toronto Area fall 71% below 10-year average

New condo sales tumbled 71 per cent below the 10-year average in the first quarter of this year according to analysis by Urbanation. Anne Gaviola has more on what’s happening in Business Matters for Monday, April 22, 2024.

Trump’s legal fees eat into his campaign funds as millions more drained from coffers

Trump’s legal fees eat into his campaign funds as millions more drained from coffers - One group that has underwritten many of the former president’s legal fees spent nearly $3.7m last month

Olympics 2024: Track and Field to be 1st sport to introduce prize money for gold-medal winner

With just months away from the Summer Olympics in Paris, athletes from around the world will be vying for Olympic glory and gold. Usually, those are the only prizes any victorious Olympian will be walking away with — but one Olympic sport will soon raise the stakes by putting money on the table. Mike Drolet explains the historic change.

Toronto home prices expected to surpass Vancouver in 2024

GTA housing prices are expected to increase more than any other jurisdiction this year. As CBC’s Chris Glover reports, Royal LePage’s projection of a 10 per cent increase in GTA home prices by the end of 2024 means Toronto prices will surpass Vancouver.

Moving jobs this often helps you climb the career ladder and earn more money

According to experts, these are the essential skills you should develop at work this year

We're ready to take on 2024.

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

TFSA Traps: Common Mistakes That Can Cost You Thousands

TFSA users are advised to avoid common mistakes and not pay unnecessary and costly tax penalties. The post TFSA Traps: Common Mistakes That Can Cost You Thousands appeared first on The Motley Fool Canada.

How Much Do You Need to Earn to Live in a Major U.S. City?

Living in a major metropolitan area doesn’t come cheap. To survive comfortably you’ll need to earn at least six figures, according to a new study. If you’re single, you’ll need to earn at least $96,500 a year before taxes, and two parents supporting two children will need at least $235,000, Knewz.com has learned. The above salaries are required to ...

Class actions don't always pay big, but can make you some extra cash say experts

Lawyers advise to think about it before you decide to claim compensation from a class-action lawsuit. They recommend considering the harm you've been caused and how much you could recoup from it.

What I Own: First time buyer Biro, who bought a £1m home in Brighton with no mortgage

'We've always dreamed of buying our own home.'

Canadian dollar gains for fourth day as Wall Street rebounds

By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened to a 10-day high against its U.S. counterpart on Monday as risk appetite improved and after domestic data showed new home prices stabilizing in March. The loonie was 0.4% higher at 1.3695 to the U.S. dollar, or 73.02 U.S. cents, adding to its winning streak since Wednesday and trading at its strongest level since April 12. "

Meet a 31-year old who makes $185K/month at 90% margin - the story of Charlie Chang

Meet Charlie Chang, who has been filming videos since he was 10 years old, and now he's building a business on YouTube with $185K/month in revenue at 90% margin. Charlie’s company that helps with hiring abroad - https://www.paired.so/marina In this video: 00:00 - Meet Charlie Chang 01:23 - How Charlie makes money on YouTube? 04:48 - Top 3 niches to make money on affiliate marketing 06:65 - Charlie's income sources 09:06 - How to hire people overseas and save money 11:32 - How he comes up with ideas and what is the thinking process? 14:12 - Different approaches to YouTube - which one is the best? 16:17 - "If I keep going, at some point it's gonna do well" 18:51 - How Charlie films his videos 21:42 - Why do A-list artists record 90 songs a month? 22:48 - How YouTubers work with brands? 23:41 - "Every business owner should have a media business behind the company" Top credit cards for free flights, hotels, and cash-back - https://www.cardonomics.com/i/marina 💰 INVESTMENT APPS & BOOKS: - Webull - https://a.webull.com/Tfjov8wp37ijU849f8 - Robinhood - https://join.robinhood.com/marinam241 - Interactive Brokers - https://ibkr.com/referral/marina592 ⭐ Download my English language workbook - https://bit.ly/3hH7xFm I use affiliate links whenever possible (if you purchase items listed above using my affiliate links, I will get a bonus) #marinamogilko #siliconvalleygirl #charliechang

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can build up other in...

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.

Lana Vierra misses the swing set at her Lahaina home, which was reduced to ashes in the wildfires that swept through her community last summer. “Multiple generations went through there playing in my front yard," she said. "Just with the animals and the turtles and the deer and goats that we once had in that little tiny yard.” A grandmother of four ...

Business News: Impact of capital gains tax changes

The Liberals tabled the federal budget this week, and among the major changes was to how capital gains are taxed. The tech sector are the latest to speak out against the proposal. Financial analyst Robert Levy talks about the impact it could have on Canadians.

Ways to educate children on money management

Discussing personal finance with your children can help set them up for success in the long run. Personal finance expert Rubina Ahmed-Haq joins Antony Robart with some tips on money management for kids.

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

Tax filing is open: Here are the changes to know about in 2024

There are changes you need to know about as the 2023 tax season opens. Breanna Karstens-Smith looks at how you can save money or where you might lose money.

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.

Marjorie Taylor Greene demands Mike Johnson’s resignation amid Republican rift over Ukraine aid bill

Marjorie Taylor Greene demands Mike Johnson’s resignation amid Republican rift over Ukraine aid bill - ‘Mike Johnson’s speakership is over,’ Congresswoman says

How to Build a Passive Income Portfolio Starting With Just $6,500

Looking to build a passive income portfolio? There's no shortage of great options on the market, including these three stellar picks. The post How to Build a Passive Income Portfolio Starting With Just $6,500 appeared first on The Motley Fool Canada.

Analysis-Souring China dreams force Western financial firms to cut costs

By Selena Li and Xie Yu HONG KONG (Reuters) - Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand their footprints and source talent from across the world. But as doubts grow about China's economic recovery and its markets lag global peers, many of the

Manifesting Money Wasn’t Working For Me, So I Successfully Turned To Loud Budgeting

Like many of my past relationships, my relationship with money is fraught, complicated, and a huge, bright red flag. And yet, I care about money so much. Still, as a millennial, having had to navigate a recession at every pivotal point of my adult life, money has never appeared to care about me. “It’s because you have a scarcity mindset,” a friend said to me over expensive wine I said I couldn’t afford. “The reason you’re bad with money is that...

Trump lawyer Alina Habba fumes civil fraud hearing ‘wasted time and money’ after bond deal reached

Trump lawyer Alina Habba fumes civil fraud hearing ‘wasted time and money’ after bond deal reached - Alina Habba fumed that Letitia James thinks ‘our cash somehow isn’t green enough’ before she switched courtrooms and joined Donald Trump in criminal court for his hush money trial

Psychology of money and its impact on our lives

Money plays a significant role in our lives, and to accumulate wealth, it is necessary to understand the psychology of money. RBC-Ukraine reports, citing the Instagram page of the psychological portal Meclee, about the characteristics that distinguish people with significant wealth and how changes in attitudes and thinking are reflected in earnings...

Bitcoin traders shrug off 'halving' to focus on broader market risks

By Elizabeth Howcroft LONDON (Reuters) - Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more closely tied to broader financial market sentiment and geopolitics. Bitcoin enthusiasts had eagerly waited for the "halving" - a change to the cryptocurrency's underlying technology that happened

UBC study on break-even point for owning EVs

If you're wondering whether the gas savings are worth the extra money you'd spend on an EV, a new UBC study has some answers for you. Rumina Daya reports.

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How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

Top 6 US industries where you can earn the most money

Breaking down the capital gains tax changes

The federal government unveiled billions in spending in its 2024 budget, and to help pay for it all, it’s proposing changes to how capital gains are taxed. CBC’s Nisha Patel breaks down how it works and who will be affected.

Verizon posts fewer quarterly subscriber losses on flexible plan demand

By Harshita Mary Varghese (Reuters) -Verizon lost fewer-than-expected wireless subscribers and beat estimates for quarterly profit on Monday, thanks to its flexible plans and streaming bundles offering discounted pricing for services such as Netflix and Warner Bros Discovery's Max. The telecom firm lost 68,000 monthly bill-paying wireless phone subscribers between January and March - a

Tesla shares drop on price cuts in run-up to earnings

(Reuters) - Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week. The company slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the U.S., China and Germany over the weekend,

The Maximum CPP Payout Probably Won’t Be Enough for You: Here’s How to Supplement it With Your Own Pension Fund

If you are solely dependent on CPP for retirement, it is time rethink that. Consider building your pension fund before it is too late. The post The Maximum CPP Payout Probably Won’t Be Enough for You: Here’s How to Supplement it With Your Own Pension Fund appeared first on The Motley Fool Canada.