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Yahoo
11-07-2025
- Business
- Yahoo
Dave Ramsey Encourages Parents To Get Honest About What They Can Afford For Their Children's College Education: 'No Student Loans'
Financial radio host Dave Ramsey recently had a caller describe a messy situation. The caller says that her father blames his three daughters for being broke. Shortly after this admission, she shared the details. Ramsey took some time toward the end of the show to encourage parents to set realistic boundaries for their children. College is expensive, and if you can't cover your kid's tuition, you should set the record straight. "No student loans," Ramsey said near the end of the show when explaining what you can say to your kids if you can't afford their college education. The caller's situation is pretty detailed, and Ramsey left no room for doubt on whose fault it is. Don't Miss: Maximize saving for your retirement and cut down on taxes: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — The tension mainly stems from a Parent PLUS loan that the father took out to pay for the three children's college educations. The father said that he could cover the loan payments until the children graduated from college, and then they would have to help out. However, that plan went off the rails when the oldest daughter got married shortly after graduating from college, and the parents decided she wouldn't have to make the payments. Then, since one daughter didn't have to make the payments, the other two daughters wouldn't have to make payments either. The caller was the youngest of the three daughters, so by the time she graduated, she didn't have to make any payments toward the Parent PLUS loan. The father constantly guilt-trips the three daughters since he believes this loan has set him back on retirement. The caller believes there is about $40,000 left on the loan. Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Ramsey wanted to know all of the facts before assigning blame. Basically, if the daughters agreed to pay off the loan and failed to do so, it would be their fault. However, the father let the first daughter off the hook when she started a family, and that resulted in the other two daughters not paying it back. Ramsey proceeded to use a lot of words to basically tell the father to man up instead of dumping his shortcomings on his kids. He also bemoaned the masculinity crisis that has gripped America. "He's playing victim for a trip he signed up for," Ramsey said during the rant. The daughter isn't in a financial position to help her father. She's married and earns $50,000 per year working at two jobs. She also has a mortgage, owes money on her car, and has a third baby on the way. She only has $3,000 in savings. Ramsey said that she does not have a legal or moral obligation to pay the Parent PLUS loan. It's more important for the daughter to address her money needs first before she even considers paying the father for something she's not obligated to said that if he were the father in this scenario, he would have sat his 17-year-old daughters down and told them that they can't afford college. He would have advocated that the daughters go to a community college and then enroll in a state university after completing community college. Ramsey went further, saying that he'd tell the daughters to apply for scholarships in high school and get jobs while they are in college to make ends meet. He would have steered the daughters away from student loans and not taken out the Parent PLUS loan. It's a better alternative than taking out the Parent PLUS loan and blaming your kids for it for the rest of your life. This situation would be different if the father said each of the kids had to repay the loan and didn't back away from that commitment. Ramsey also alluded that there were likely other mistakes the father made along the way that resulted in this financial situation, and that he's likely blaming everyone but himself. Read Next: The average American couple has saved this much money for retirement —? Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Dave Ramsey Encourages Parents To Get Honest About What They Can Afford For Their Children's College Education: 'No Student Loans' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
07-07-2025
- Business
- Yahoo
Son Wants To Cash Out On Dad's $6 Million Business. Dave Ramsey Brings Up A Teary Man Who Regretted Selling For $400 Million
A 26-year-old business owner called recently into Dave Ramsey's 'EntreLeadership' podcast with a tough decision: sell the family business for millions or keep building what his father started. Dan co-owns a New York-based restaurant cleaning company with his 65-year-old father, who founded the business and is now ready to retire. The company brings in $4.75 million annually and employs 80 cleaners. After years of working together, a big competitor has offered to buy them out for $6 million. The offer includes $4.5 million in cash and $1.5 million in rollover equity, along with a leadership role for Dan to run the acquiring company's New York City operations. Don't Miss: Maximize saving for your retirement and cut down on taxes: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Dan said he and his dad would split the proceeds evenly. 'It's more money than either of us have ever seen,' he admitted. Ramsey told Dan to think beyond the immediate windfall. 'One of the decision-making formulas I use is I get out of the moment and I extrapolate out decades,' he said. 'When you're 56, and you look back on your life, how are you going to feel about the 26-year-old version of you?' Dan said he hadn't considered that. 'I never really thought that far out into the future.' He knows that, invested properly, that chunk of change could be worth several million more down the road. Ramsey agreed the math made sense: 'If you put $2 million in your pocket at 26, it's not a bad day.' Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Still, he cautioned against chasing a payout just because it looks good on paper. 'I've known people who got hundreds of millions of dollars for selling their business, and the only thing they got other than that was wishing they didn't sell it,' he said. He told the story of a man who sold his company for $400 million but later called it 'the dumbest thing I ever did,' crying because the company lost its soul under new ownership. 'Selling something for a big chunk of change is not always something that is without regret,' Ramsey added. But he didn't think Dan would fall into that trap. 'This is an excellent exit for [your dad] and an excellent on-ramp for something else for you,' he said. 'I think you do this.' Still, he left listeners with a straightforward reminder: 'Just because you get a pile of money doesn't mean automatically we need to do it.' Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Here's what Americans think you need to be considered 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Son Wants To Cash Out On Dad's $6 Million Business. Dave Ramsey Brings Up A Teary Man Who Regretted Selling For $400 Million originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
07-07-2025
- Entertainment
- Yahoo
Hugh Jackman Lists $38.9M NYC Penthouse After Agreeing To Split The Proceeds With Ex-Wife Amid Divorce — It Once Rented For $125K A Month
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As actor Hugh Jackman and his wife of three decades, Deborra-Lee Furness, finalize their divorce, the former couple has started to put some of their assets up for sale — including a vast 11,000-square-foot New York triplex, just listed for $38.9 million, according to The Real Deal. The couple purchased the sprawling West Village home, which boasts views of the Hudson River, in 2008 for $21 million. However, they have not lived in it for some time, instead renting it out for $125,000 per month, The Real Deal reports. The couple previously attempted to sell the home in 2022 for the same price it is now listed for, before deciding to rent it. Don't Miss: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. . GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Jackman and Furness also own another New York condo in Chelsea, according to The Real Deal, although that is not currently listed. The West Village condo is the first of their assets to be sold following their divorce agreement but it might not be the last. In 2015, Jackman and Furness purchased a 7,300-square-foot, three-bedroom, five-bathroom home in East Hampton, New York for $3.5 million, a year before buying a $5.9 million home in Australia, which reports Jackman is believed to be taking over. Rather than play out a messy divorce in public, Jackman and Furness chose to go through the process behind closed doors. The Daily Mail estimates that the couple had a net worth of $250 million to divvy up in the divorce, the details of which have now been resolved. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — By far, Jackman's most successful on-screen role has been as Wolverine, which media reports estimate has earned him over $100 million. Jackman's star appeal has proven invaluable to Broadway, too. He starred in "The Music Man' alongside his current partner, Foster Sutton, from December 2021 through January 2023. Jackman has been involved in several business ventures outside his career. He founded Laughing Man Coffee Company, a fair-trade coffee business with two cafés in downtown New York. He is, however, no longer involved in the enterprise. 'I did not set out to make a coffee company. I saw an opportunity to make a difference in the world with an exceptional coffee that gives back to the communities that grow it,' he told CEO World in 2021. Along with his "Deadpool & Wolverine" co-star Ryan Reynolds he is a co-owner of Australia's three-time SailGP champions, now known as the BONDS Flying Roos SailGP Team. According to the U.K. The Independent, the team has secured a multiyear partnership with BONDS underwear. It is the first time the Australian SailGP team has adopted a sponsor's name. Read Next: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. With Point, you can Image: Shutterstock This article Hugh Jackman Lists $38.9M NYC Penthouse After Agreeing To Split The Proceeds With Ex-Wife Amid Divorce — It Once Rented For $125K A Month originally appeared on Sign in to access your portfolio
Yahoo
05-07-2025
- Business
- Yahoo
A 30-Year-Old Asks Where's The Best Place To Invest $5,000 Per Month: 'Finally In A Place Where I Can Steadily Invest'
Many people will tell you to invest money if you want to build a nest egg and retire early. Putting your money to work in the stock market can allow it to multiply much faster than the cash in your savings account. However, the stock market can also feel overwhelming when you are getting started. That's why a 30-year-old who's ready to invest $5,000 per month turned to the Investing subreddit for some advice. He wanted to know the best place to put money and was eager to hear everyone's thoughts. "[I'm] finally in a place where I can steadily invest," he stated. Redditors shared their suggestions in the comments. These were some of the top responses. Don't Miss: Maximize saving for your retirement and cut down on taxes: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Most Redditors recommended ETFs that tracked the S&P 500. This benchmark holds 500 of the largest and most profitable U.S. corporations. The index periodically adds and removes stocks from its holdings to trim the laggards and focus on promising stocks that fulfill the S&P 500's requirements. The index gives investors broad exposure to numerous industries. Tech stocks make up the highest percentage of the fund's total assets, with the Magnificent Seven stocks playing a key part in the S&P 500's overall performance. You don't have to know much about investing to get started with the S&P 500. If the economy continues to grow, the S&P 500 will continue to grow with it. You don't have to risk it all with a single stock pick or monitor a bunch of holdings when an ETF that follows the S&P 500's performance can work for most people. Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Redditors also recommended ETFs that follow the Nasdaq-100 due to its tech-heavy concentration. Tech stocks may produce outsized gains in the years ahead due to artificial intelligence. Although investors have heard about this technology for years, it's still in the early innings. Even without artificial intelligence, the Nasdaq-100 and other tech-heavy benchmarks have outperformed the S&P 500 over the past few years. For instance, the Nasdaq-100 is up by roughly 118% over the past five years, while the S&P 500 has only gained 97% during the same stretch. The Nasdaq-100 also outpaces the S&P 500 year-to-date and over the past year. When the stock market rallies, funds that track the Nasdaq-100 tend to grow faster than funds that track the S&P the S&P 500 and Nasdaq-100 are two popular benchmarks for ETF investors, Redditors emphasized the importance of investing in low-cost ETFs. While each investor has a different definition of a low-cost ETF, you'll be OK if you have an ETF with an expense ratio below 0.20%. You'll get the lowest expense ratios if you invest in passively managed ETFs. These funds follow a predetermined benchmark instead of doing anything fancy like selling covered calls to increase the yield. You can find some passively-managed ETFs with expense ratios below 0.10%. The expense ratio indicates how much money you must pay the fund manager to keep your money in the ETF. This expense happens automatically within the fund, so you'll never see the money directly leave your account. If you have $10,000 in a fund with a 0.10% expense ratio, you only have to pay a reasonable $10 to keep your money in the fund each year. However, if that same fund had a 1% expense ratio, you would have to pay $100 per year for that fund. Investors are willing to pay extra for funds that significantly outperform the market, but most actively-managed funds don't hold up to the S&P 500. It's better to invest in low-cost ETFs than it is to try your luck with an actively-managed ETF with a high expense ratio. Read Next: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article A 30-Year-Old Asks Where's The Best Place To Invest $5,000 Per Month: 'Finally In A Place Where I Can Steadily Invest' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
05-07-2025
- Business
- Yahoo
'Valuespending' Is Changing The Way We Shop, 62% Of Consumers Now Say They Consider A Brand's Values When Purchasing
A brand's values are becoming central in consumers' shopping decisions, a new study from Lightspeed Commerce Inc. (NYSE:LSPD) shows. The survey, which looked at 2,000 shoppers across the U.S. and Canada, found that 92% of people consider themselves "somewhat intentional" with their purchases. Additionally, 45% of shoppers say that they will be considering a brand's values in future purchasing decisions. Lightspeed is calling this shift towards more mindful and value-centric shopping, "valuespending." Don't Miss: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — While price (78%) and quality (67%) still remain the most critical things consumers are considering when making a purchase, an increasing number (62%) say that it's important that the brands they are buying from align with their personal values. "Consumers today are balancing cost with conscience," Lightspeed's founder and CEO Dax Dasilva said in the report. "It's not always about the lowest price—it's about choosing brands that reflect their values. And when those values align, loyalty can follow more easily. This new era of intentional spending—Valuespending—is reshaping retail and pushing businesses to be more transparent and authentic." For 32% of the people Lightspeed surveyed, considering a company's values is new. The mindset shift is driven by a number of factors, the study found, including the belief that their spending has a larger impact than ever before, social media influence, and the understanding that we live in a more divided world where every dollar can be politicized. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — So, consumers are putting their personal principles into action. Of the consumers surveyed, 27% said they have made a purchasing decision based on national pride, 18% say they have purchased from a brand because that brand was somehow tied to a charitable cause, 18% have chosen a product because of a brand's sustainability practices, adn 15% have made a purchase because they agree with the CEO's political stances. Perhaps unsurprisingly, it's Gen Z that's leading the valuespending charge. A whopping 96% of Gen Z consumers told Lightspeed that they shop intentionally, with 66% saying it's very important to them that purchases align with their personal values. '[Gen Z] are the trendsetters. ... They've come into target as the consumer that everybody wants to sell to,' Dasilva told USA a trendsetter doesn't come without its own pressures, however. Some 32% of Gen Z shoppers told Lightspeed that they worry about being judged for purchasing from the wrong brands. 'There's that element of peer pressure that we make statements with the things we purchase or the things we wear,' Dasilva told USA Today. Valuespending may be changing the way we shop, but it's not necessarily simplifying it. "These insights show us that consumer expectations are evolving," Dasilva said in the Lightspeed report. "From sustainability to social impact, the brands that listen, adapt, and 'walk the talk' can thrive in this age of Valuespending." Read Next: Many are using retirement income calculators to check if they're on pace — Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article 'Valuespending' Is Changing The Way We Shop, 62% Of Consumers Now Say They Consider A Brand's Values When Purchasing originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
