Latest news with #CaitlynMoorhead
Yahoo
03-07-2025
- Automotive
- Yahoo
How Rich Would You Be If You Invested in Tesla Stock Instead of Buying a Tesla?
Spending nearly six figures on a car may not always seem like the best investment, but was it better than investing that same amount of money into the electric vehicle company itself? The short answer is no, no it wasn't. Learn More: Read Next: The earliest EV adopters bought the original Tesla Roadster when it debuted in 2008 for the handsome sum of $98,950. Founded in 2004 with Elon Musk as its biggest investor, Tesla always planned to eventually mass-produce cheaper EVs that mainstream drivers could afford. But at the dawn of the electric revolution on the eve of the Great Recession, the first Roadster was a novelty toy for the wealthy, and not necessarily a get-rich-quick investment ticket. Today, the Tesla stock price is about $325. Here's a look at the price of the first Roadster and how it could have grown for an early investor who opted for company stock over a strange but exciting new kind of vehicle. Tesla was only four years old when the company delivered Elon Musk the very first Roadster in 2008 — but it was still a privately owned company. Tesla wouldn't go public for two more years, when it celebrated its IPO on June 29, 2010. Although its initial public offering was $17 per share, it opened for trading at $19 per share. By the end of the trading session, it enjoyed an impressive 40.5% gain when it closed the day at $23.89. If you had invested $98,950 in Tesla's IPO instead of spending it on a Roadster, you would have ended the day with $139,025 — more than $40,000 profit in a single trading session. Consider This: It's important to note that only insiders could have pulled off the previous scenario. Retail investors didn't have access to Tesla's IPO shares, which means $23.89 is the lowest price average investors could have paid at the dawn of Tesla's transition to the stock market. That means a $98,950 Roadster would have been good for about 4,142 shares. With the stock trading at around $325 today, 4,142 Tesla shares would yield you over $1.3 million. Even if that were the whole story, a ninefold increase between then and now would have trounced the overall market's returns — but that early investor who traded a Roadster for company stock would have far more than 4,142 shares today. If you look at a chart of Tesla's stock price history, you'll notice that it doesn't say shares traded for $23.89 in its earliest days as a public company. It shows them trading at less than $1.30. That's because several splits downwardly revised the value of Tesla company stock. Companies split their stocks to increase liquidity by boosting the number of shares on the market while lowering the price to make them more attractive to a wider pool of buyers. Tesla has done this twice: Aug. 31, 2020: Tesla issues a 5-for-1 stock split Aug. 25, 2022: Tesla issues a 3-for-1 stock split So, factoring in splits, if you had invested $98,950 in Tesla stock as opposed to buying the electric car, you would have about $17,805,050 today. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Luxury SUVs That Will Become Affordable in 2025 Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on How Rich Would You Be If You Invested in Tesla Stock Instead of Buying a Tesla? 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
Yahoo
07-06-2025
- Business
- Yahoo
Here's the Minimum Salary Required To Be Considered in the Top 1% in 2025
Even if you have money, sometimes it's hard to feel like you're rich with the cost of living skyrocketing or factors linked to lifestyle creep. However, if you make a healthy six figures, you might be in the top 1% of wage earners in the United States. Obviously this is a great money-making group to be a part of, but depending on where you live, you still may just miss the mark and fall into an extremely comfortable category — but not the top 1%. Read Next: For You: Here's how much you need to make in salary alone to be part of the 1% in America, plus how much you need to make to be in the top 5% and top 10% of wage earners. According to data from the Social Security Administration, you need to make $794,129 annually to be in the top 1% of wage earners in the U.S. This is based on an analysis of the most recently available wage data. To break this down further, you'd need to earn about $66,178 per month, or about $15,272 per week, to be in the top 1% of income earners. Check Out: If you're not making over $750,000 per year, you might not be part of the 1%. But if you make six figures, there's a chance you're in the top 10% of wage earners in the U.S. — or even the top 5%. Here's how much you need to make to be in the top 5% and the top 10% in America: Top 5% income threshold: $352,773 Top 10% income threshold: $148,812 As you can see, earning just under $150,000 puts you in the top 10% of all wage earners in the U.S. This doesn't put you in the elite class of top 1% earners, but you make more, on average, than 90% of American households. If you make just more than double that amount, you'll be in the top 5% of American household income. Being a top 1% income earner in the U.S. doesn't necessarily make you part of the top 1% wage earners in your state. In fact, the salary for the top 1% of earners varies quite a bit — depending on where you live. GOBankingRates recently crunched the numbers on location-specific data, showing how much you would need to have earned last year to be part of the 1% in your state. Here's the salary required to be part of the 1% in the top 10 states: Connecticut: $1,192,947 Massachusetts: $1,152,992 California: $1,072,248 Washington: $1,024,599 New Jersey: $1,010,101 New York: $999,747 Colorado: $896,273 Florida: $882,302 Wyoming: $872,896 New Hampshire: $839,742 As you can see, the numbers vary by more than $350,000 from Connecticut to New Hampshire. Here's the data for the 10 lowest-earning states: Ohio: $601,685 Iowa: $591,921 Alabama: $577,017 Indiana: $572,403 Oklahoma: $559,981 Arkansas: $550,469 Kentucky: $532,013 New Mexico: $493,013 Mississippi: $456,309 West Virginia: $435,302 The difference between the top 1% wage earners in Connecticut and West Virginia is over $750,000 per year! Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 7 Luxury SUVs That Will Become Affordable in 2025 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on Here's the Minimum Salary Required To Be Considered in the Top 1% in 2025 Sign in to access your portfolio
Yahoo
12-05-2025
- Yahoo
3 Places To Travel That Are Like Hawaii but Way Cheaper
Outdoor enthusiasts and tourists seeking a relaxing getaway in paradise head to Hawaii for its beautiful beaches, lush rainforests, volcanoes and endless natural beauty. That said, it comes at a cost. For You: Up Next: Here are some key price estimates for a one-week Hawaiian vacation, according to Collections of Waikiki: Solo traveler staying in a hostel: $1,000 Solo traveler staying in a hotel: $2,000 Two travelers in a luxury hotel: $5,000 A family of four staying in a hotel: $13,000 These average prices generally include flight, hotel, food and rental car. However, as traveling costs continue to climb for accommodations and food due to inflation and over-tourism, you might want to consider a more budget-friendly destination for your vacation. Sure, Hawaii has stunning sunsets and breathtaking views, but so do many other places at a more affordable price. Here are three locations similar to Hawaii — but without the hefty price tag. With its beautiful beaches, turquoise blue seas and rich history, Cancún has become a favorite destination for travelers. Plus, the year-round tropical weather and many exciting things to do have made the Mexican location a hotspot in recent years. While it's become a go-to for jet setters, it's still affordable. According to ChampionTraveler, on average it costs $1,116 for a solo traveler, $2,004 for a couple, and $3,758 for a family of 4 for a one-week jaunt to Cancun. Good To Know: Puerto Rico is located in the northeast Caribbean Sea, about 1,000 miles from Miami. It strikes the perfect balance of lively nightlife, tranquil beaches, cascading waterfalls and beautiful rainforests. And get this — it's one of the cheapest places in the Caribbean for Americans, and you don't need a passport to go there. The average cost for seven days for one person is around $1,500. For a couple, it is about $2,300, according to Many travelers dream of going Tahiti, but the affordability deters some from visiting the French Polynesian island that offers black sand beaches, lagoons, waterfalls, volcanoes and spectacular scenery. However, there are ways to cut costs. Try visiting during the low season from December to late February, when temperatures are still in the 80s, being flexible on your travel dates, and opting for an Airbnb over a hotel, which can range from $60 to $150 per night per According to the site, you can search for packages that 'bundle airfare, airport transfers, accommodations, daily breakfast and even a few dinners into one per-person price (generally starting in the $2,500-$3,500 range for seven nights).' Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth 4 Things You Should Do if You Want To Retire Early I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money Sources 'How Much is a Trip to Hawaii?' Collections of Waikiki 'Cost of a Trip to Cancun, MX & the Cheapest Time to Visit Cancun,' ChampionTraveler 'How Much Does It Cost To Go To Puerto Rico For Vacation? (2025),' 'Tahiti On A Budget: 11 Ways To Save On Vacation,' This article originally appeared on 3 Places To Travel That Are Like Hawaii but Way Cheaper
Yahoo
02-05-2025
- Business
- Yahoo
$7 or Less: Best Meal Deals at McDonald's, Starbucks & More
Amid rising food costs, labor shortages and higher minimum wage requirements, many fast-food chains have begun raising prices. As a customer, you may feel like you aren't getting as much value out of your meal deal lately. For You: Check Out: However, there are still many great deals to be had that can save you money the next time you need a quick meal. Here's a look at some of the best meal deals you can currently get at several popular fast-food chains. For a limited time, you can snag a $5 Meal Deal at McDonald's. Meals include a McChicken or McDouble sandwich, four chicken nuggets, fries and a drink. There is also the Buy One, Get One for $1 option, which works for breakfast, lunch or dinner. You simply buy one item from the menu and can get the second for just a buck. Here are examples of some favorites you can snag for $1 when you double up: Sausage McMuffin Sausage Biscuit Sausage Burrito Hash Browns McChicken Double Cheeseburger 6-piece Chicken McNuggets Small Fries Good To Know: For $5, you can choose between a Whopper Jr., Chicken Jr. or Bacon Cheeseburger paired with Value Fries, a four-piece Chicken Nuggets and a Value Soft Drink. Burger King also lets you rule over your next order and pay less with such options as the $5 Duo or $7 Trio, which is where you can mix and match your favorite BK items like the Bacon Cheeseburger or Original Chicken Sandwiches and get two for $5 or three for $7. You can mix and match items from Jack in the Box's newly introduced 'Jack's Munchies Under $4' menu, which includes all of the chain's best-value items. Menu items include the Jr. Bacon Cheeseburger ($2.89), four-piece chicken nuggets ($2.89), Value Curly Fries ($1.69) and two tacos for 99 cents. Starbucks has introduced its own value combo. For as little as $5, you can get a tall iced or hot coffee or tea paired with a butter croissant. Or, for as little as $6, you can get a tall iced or hot coffee or tea paired with a breakfast sandwich. Taco Bell's new combo offers five items for just $7. The Luxe Cravings Box includes a Seasoned Beef Chalupa Supreme, a Beefy 5-Layer Burrito, a Double Stacked Taco, chips and nacho cheese sauce, and a medium fountain drink. Select Cravings Menu items included are in the dollar menu range by themselves, such as the following: Double Stacked Taco: $1.99 Cheesy Roll-Up: $1.19 Spicy Potato Soft Taco: $1.29 Cheesy Bean and Rice Burrito: $1.39 Wendy's $5 combo meal includes your choice of a Jr. Bacon Cheeseburger or Crispy Chicken Sandwich, four chicken nuggets, fries and a drink. You can substitute the small drink for a junior Frosty at no extra charge. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most How Far $750K Plus Social Security Goes in Retirement in Every US Region How To Get the Most Value From Your Costco Membership in 2025 12 SUVs With the Most Reliable Engines This article originally appeared on $7 or Less: Best Meal Deals at McDonald's, Starbucks & More
Yahoo
08-04-2025
- Business
- Yahoo
Tax Day Countdown — Can You Write Off Donations to LA Fire Survivors?
The scenes that came out of California at the beginning of 2025 were almost unimaginable. The huge fires destroyed acres of real estate, both homes and buildings, leaving many families without the most basic necessities, let alone a forethought of how to deal with tax season. Check Out: For You: Rightly so, you may have been driven to help out those fire survivors by giving through qualified organizations. If so, here are some things to keep in mind for donations when it comes time to file your taxes. As the tax deadline approaches, be sure to research just how charitable contribution deductions work for natural disasters in the United States. Tax bills can get a little convoluted went it comes to navigating standard deductions. Let's start with a basic question about donations: Are they tax-deductible gifts? When it comes to your federal tax return, you can deduct contributions to qualified tax-exempt charities. That means you should do your homework and check the credentials of a potential charitable organization before donating because only what you give to qualified charities is deductible. However, keep in mind that donations to individuals are never deductible when it comes to your taxes. So, if you gave money directly to someone in need, you wouldn't be able to claim it. Learn More: Before you progress your filing status, make sure you've checked your forms for any tax liabilities. In other words, keep in mind how much of your donation is deductible. 'A charitable donation is deductible only to the extent that the donation exceeds the value of any goods or services received in exchange,' according to Forbes. 'If you make a donation and receive something in exchange — anything from a coffee mug to a plated dinner — you can only deduct the cost of your donation less the value of the item received.' You might be able to use some other options to help fire survivors. You could check out payroll deductions available from your employer. You might also look at options to give from your retirement assets, such as qualified charitable distributions. If you plan to deduct your contributions, keep the receipts. It'll help you come tax time, because you must itemize your deductions to claim them on your return. In addition to keeping tax rules in mind when donating to help the California fire survivors, be mindful of bad actors who want to take advantage of your generosity. According to ABC News, one way to avoid scam artists is to do your research and use a secure, traceable payment method instead of cash. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 5 Cities You Need To Consider If You're Retiring in 2025 4 Things You Should Do if You Want To Retire Early 10 Cars That Outlast the Average Vehicle This article originally appeared on Tax Day Countdown — Can You Write Off Donations to LA Fire Survivors?
