
Keke Palmer: I didn't take a vacation for the first 15 years of my career—'all of my travel was business'
"I think for the first 15 years of my career, all my travel was business. All of it. I never took a break. I never had a vacation, none of that," Palmer, 31, tells CNBC Make It. "The last three, four years, my family and I have made it a point to vacation at least [one to two] times a year," plus occasional weekend trips with her 2-year-old son.
Palmer has been a working actress since age 9. Her parents gave up their jobs and pension so she could travel for work, making her the family's primary earner at a young age. Having adult-level responsibilities as a kid was time-consuming and 'very, very stressful,' she told The Independent on March 1.
The habits she developed during that time — living frugally, saving money and prioritizing work over vacations — became deeply ingrained. "I learned from my parents very early on because they knew their limitations with money and finances," says Palmer, who's currently working with American Express as a spokesperson for the brand's Business Platinum card. "I believe in saving and frugality ... I don't play around with that."Eventually, her longtime mentor Queen Latifah started persistently nudging her to take some time off, she says.
"Queen Latifah, who's been another mentor of mine for years, would tell me that all the time," says Palmer. "She said, 'Well, if I do movies for the first six to eight months of the year, those last [few months], I'm off and I'm going on some boat. I'm going in some cave.'"
"You've got to really build in those breaks," Palmer adds. "And I've gotten better with that as I've gotten older."
Multihyphenate movie stars and people with standard 9-to-5s alike probably need to take time off from work to curb burnout, protect your mental health and stay productive. Fully disconnecting from work while you're on vacation helps — though 54% of workers in the U.S. say they're unable to stop working while on vacation or don't believe they can fully unplug while on PTO, according to a 2022 Glassdoor report.
If you're still thinking about work while on vacation, try what organizational psychologist Tasha Eurich calls her "2-2-2 Tool": two minutes of taking some deep breaths, two hours for an activity that helps you decompress — like hanging out with a friend — and a full two-day pause on anything work-related.
"Decide what you need in the next two minutes, two hours and two days to get that fighting spirit back," Eurich said in February.
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CNBC
32 minutes ago
- CNBC
30-year-old worth $700,000 shares 4 spending habits she avoided in her early 20s: 'I don't have any regrets'
Personal finance consultant Michela Allocca made some financial sacrifices in her 20s, and she has no regrets. At age 30, Allocca has a net worth of more than $700,000 according to documents reviewed by CNBC Make It. In her experience, you sometimes need to make temporary sacrifices to stay grounded financially, even when it feels like everyone else is spending, she says. "We act like not having these things in our early 20s means we're never going to have them," says Allocca, the Chicago-based author of "Own Your Money." But often, "they're status signal things," rather than things people "genuinely and sincerely care about," she tells CNBC Make It. Holding off on certain expenses early in her career helped her stay on track financially, Allocca wrote in a recent LinkedIn post that detailed four financial habits she avoided in her own early 20s. Here are those habits, and what she did instead: The social pressure to travel in your 20s can be strong, whether to become more worldly or simply because it seems like everyone else is doing it, says Allocca. Many young people take big trips right after college, often with little thought about whether it's affordable because they believe, "well, money will always come," she notes. Even a budget-conscious trip can cost $1,000 to $2,000, an expense that's particularly hard to justify early in your career when you're earning a low salary, says Allocca. A single trip can cost as much as an entire month's rent: Gen Z spends an average of $1,600 per month on rent, according to data published in January by credit firm Allocca was 22 and earning $60,000 per year in Boston, flights in particular felt expensive relative to her income, so she focused on taking affordable, domestic trips, she says. While she began taking bigger trips by her late 20s — including a recent visit to Japan — she says they were planned and budgeted for well in advance. While she now travels on her own terms, she says it's "both normal and OK" for people in their 20s to hold off until they can afford the expense. "If I am going to go on a vacation, it has to be something that I actually want to go on, not because I'm feeling pressured to go somewhere," she says. Whether it was sharing one bathroom with three other roommates or moving back in with her parents during the Covid-19 pandemic, Allocca chose not to live alone for most of her 20s. "I was able to continue to save, on average, about $1,000 a month because I wasn't dumping all my money into rent. And that actually really helped me get ahead" on investments, she says. Social media can create unrealistic expectations for what early-career earners can afford, says Allocca. In large cities like San Francisco or New York, residents need to earn more than $100,000 annually to keep rent below the commonly recommended 30% of their budget, according to a Zillow report published in May. "I feel bad for Gen Z, because their perception of what's normal at their age is so warped," she says. "There's all this [online] pressure for young people to live in a high-rise or live alone in these major cities, and it's just not reasonable." At age 27, Allocca finally decided to live alone in a nicer apartment with more space and amenities. She needed a home office, and by that point, knew her income could support a roughly $1,000-per-month rent increase without derailing her financial goals, she says. Allocca took a minimalist approach to her wardrobe in her early 20s, often buying the same pieces in different colors and sticking to a few signature shades so everything was easy to mix and match, she says. She shopped mostly at inexpensive stores like Primark and Old Navy, she adds. "When you have a general color scheme, you can match your clothes easier," says Allocca. "It also helps eliminate the paradox of choice." Her approach kept her clothing costs low. "I wasn't prioritizing shopping as part of my budget," Allocca says. "If I did need to buy something, I was going to those really inexpensive stores so I could get the least expensive version possible." Today, she uses the same principles for what she calls a capsule wardrobe of "elevated basics" — versatile pieces that work with most of what she already owns, she says. She's now more willing to spend money on better quality that she knows will last for years, she adds — like a roughly $450 cashmere sweater that's currently the most expensive item in her closet. In her 20s, Allocca avoided spending on things she could easily do herself. When her walk to work was about 30 minutes, she'd make the trip on foot rather than paying for a ride or public transit, she says. "I didn't take any unnecessary Ubers, I never ordered delivery," she wrote on LinkedIn. Many people justify convenience purchases by thinking "my time is so valuable." Allocca didn't see it that way, she says: "The time that I was saving, I wasn't doing anything valuable with it. So what difference does it make if I spend the 10 extra minutes to go walk and pick up my dinner?" She only ordered out from restaurants within walking distance, she notes. "If I'm not willing to go pick it up, then I'm not ordering it out, I'm cooking at home" she says. "To me, it's creating some parameters around, 'Is this reasonable?'" Even today, Allocca rarely allows herself to pay for convenience, and only in "extenuating circumstances," she says — like paying for delivered groceries after coming home from a long trip. By consistently avoiding most convenience costs, from rides to delivery fees, she says she's freed up around $200 per month. When paired with her low rent, that money "made a big difference" in her ability to save in her 20s, she says. And while she sacrificed some comfort in her 20s, "when I look back at all of these things, I don't have any regrets," she says.


Fast Company
5 hours ago
- Fast Company
These no-fee travel cards are gunning for Amex Platinum and Chase Sapphire
The credit card rewards market has become a high-stakes battleground in 2025, with issuers rolling out new benefits and revamped product lines to attract or retain affluent, travel-focused customers. In some cases, though, the upgrades come with dramatic fee hikes. In recent weeks, JPMorgan Chase announced a substantial overhaul of its Chase Sapphire Reserve offering, including a fee increase from $550 to $795 per year and the launch of a business version of the card. American Express has signaled a major refresh of its Platinum Card by year's end, including upgrades to its Centurion Lounges and a new 'Sidecar' fast-format lounge concept in Las Vegas. Citi, meanwhile, has reentered the ultra-premium market with the $595 Strata Elite Card, boasting a $1,500 estimated annual value through hotel, travel, and lifestyle credits. Against this backdrop, Capital One is taking a markedly different approach: extending new travel benefits to customers of its no-annual-fee rewards cards. Expanding benefits without raising fees Starting August 12, new cardholders of Capital One's VentureOne, Quicksilver, and Savor products will receive a $100 Capital One Travel credit—the first time the bank has offered a travel credit on these no-fee cards. That comes in addition to existing sign-up bonuses: 20,000 miles for VentureOne or $200 cash back for Quicksilver and Savor after spending $500 in the first three months. The move is paired with a large expansion of the Capital One Travel platform, which now offers access to more than 500,000 vacation rental properties and 180,000-plus bookable activities and excursions. Those can be reserved directly through Capital One Travel, earning cardholders 5x rewards on bookings. The curated experiences range from wine tours in Napa, California, to private boat charters in the Caribbean—signaling a push toward personalized, experiential travel. All three cards now also include complimentary Five Star status with the Hertz Gold Plus Rewards program. Perks include access to a wider selection of vehicles, complimentary upgrades when available, and the ability to bypass the rental counter at select locations. A contrarian strategy in the rewards arms race While competitors are focusing on the upper end of the market—and justifying triple-digit annual fees with expanded lounge access, premium status perks, and lifestyle credits—Capital One's latest move targets a broader swath of consumers: those who value travel benefits but aren't willing to commit to high annual fees. By offering benefits traditionally reserved for higher-tier products, the bank can entice casual travelers to book through its proprietary platform, increasing transaction volume and cross-selling opportunities without the friction of an annual fee. This could be especially relevant as inflation and economic uncertainty make consumers, including those who travel regularly, more cost-conscious. According to a 2024 JD Power report, more than 60% of rewards cardholders cited 'no annual fee' as a top priority when considering a new card, while still ranking travel perks among the most desired benefits. Competitive implications Capital One's timing is notable. Chase's Sapphire Reserve fee hike may prompt some cardholders to reevaluate whether they're fully utilizing their premium benefits. Amex's forthcoming Platinum refresh and Citi's Strata Elite launch are both aimed squarely at high-spending travelers, potentially leaving an opening for Capital One to appeal to consumers who are priced out of the premium tier. By expanding its no-fee travel offerings while maintaining premium-like features, Capital One is betting that it can capture spend from travelers who are increasingly strategic about card benefits—and less inclined to pay $600 to $800 per year for access. The early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, September 5, at 11:59 p.m. PT. Apply today.
Yahoo
5 hours ago
- Yahoo
Trump's tariff day is here but if TACO's on the menu, the charade is over
Donald Trump's tariff deadline is here, and now, the bill is due — and Trump has a choice before him: enforce the levies against the nation's trading partners or TACO (Trump Always Chickens Out). The president said in July that the end of his 90-day pause would be marked by a month of last-minute dealmaking, as countries attempted to get agreements in place before the resumption of tariff enforcement on Aug. 7. As Wednesday morning dawned in DC, the president seemingly indicated that his days of 'pauses' were over. In a Truth Social post, Trump declared: 'THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED.' Yet, at the same time, he undermined that message. A separate announcement from his Truth account declared progress in talks with Claudia Sheinbaum, president of Mexico. Greasing the wheels for those talks, Trump said, would be what he just said wouldn't happen: a tariff pause (sort of). The president wrote (in lowercase this time) that tariffs with Mexico would continue at current rates for another 90 days. 'The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border,' Trump offered as explanation. So where does that leave American businesses, and the White House itself as it pertains to Trump's credibility on trade issues? Some experts were flummoxed on how businesses should plan for the future after enforcement begins on Friday. They pointed to the president's preference for informal trade agreements, which many argue do not constitute real agreements at all, to wit: — The White House has not released specific details or produced written agreements to back up many of the president's claims. — Because they did not receive congressional approval, there's no formal enforcement measures. — And Trump's own proclamations often differ from those of his foreign negotiating partners. David Townsend, a trade-focused litigator with Dorsey & Whitney, also noted the lack of details governing rules of origin for imported products. 'There could be different rules of origin for different products, or across the different trade agreements. From an investment and trade standpoint, it is very difficult to tell how these rules of origin will operate, what the impact will be on investments, and to particular industries. Companies will need to wait until the details are released of how the particular agreements will operate,' he told The Independent. 'In short, it is not possible to predict how these trade agreements will work in practice, how certain businesses will be impacted by them, and what kind of import compliance challenges will arise under the new agreements,' Townsend said. CNN's Richard Quest summed up his own feelings: 'I stand by my comment that the trade deals being announced are largely garbage because they are so uncertain with no mechanisms for enforcement or even any idea of how to make them happen.' The uncertainty around what the trade landscape will look like come Monday could be the reason why the Dow Jones Industrial Average stalled this week and didn't seem to react upon news of Trump's tariff extension with Mexico. But experts across the board agree that it seems as if Trump's reciprocal tariffs are now here to stay in some fashion — the only question remaining is how high they will go. Trade groups representing industries targeted by individual tariff rates continue to push for zero-to-zero tariff rates, but those seem out of reach after the announcements of recent handshake-deals with the EU and UK. With those new tariff rates, it's also a certainty that consumers will continue to feel the price hikes that American retailers began exhibiting over the summer, only to a higher degree. The bill is finally coming due. Gemma Thompson, a senior consultant with a firm specializing on supply-chain logisitics, explained: "For EU exporters, the challenge now is how to absorb or pass on the additional cost. Where margins are tighter, we're likely to see knock-on effects to US consumers.' Given the murkiness around enforcement measures and the unequal 'reciprocal rates,' Thompson noted, US importers will also likely explore routing goods through lower-tariff countries acting as middlemen. With Trump putting his foot down on Thursday, it's clear that the coverage of Wall Street's derisive 'TACO' nickname irked the president, or at the very least drove home the notion that he risked his credibility crossing further self-drawn red lines. But what remains to be seen is how much damage was already done by the president's 90-day pause and the general campaign to keep his supporters on his side Trump has launched since January. Amid a firestorm around Jeffrey Epstein and after the exhausting marathon fight to pass the 'big, beautiful' budget reconciliation package, many businesses and even some trading partners around the world could be gambling that the US president is running low on political capital. A sudden downturn in the markets or painful consumer price hikes could be more than the president can handle, in the view of his critics. This article was amended on 8/1 to correct the date when the US resumes tariff enforcement. Sign in to access your portfolio