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Tariff Trade Wars Making You Nuts? Financial Advisors Say Always Make These Money Moves
Tariff Trade Wars Making You Nuts? Financial Advisors Say Always Make These Money Moves

Yahoo

timea day ago

  • Business
  • Yahoo

Tariff Trade Wars Making You Nuts? Financial Advisors Say Always Make These Money Moves

Before President Donald Trump assumed the office for a second time in January 2025, few people had heard of tariffs. Now they're a regular topic of conversation as Trump changes the amounts imposed on trading partners, timelines and even amount of the tariffs. Find Out: Read Next: These tariff trade wars have had a direct impact on consumer prices as companies have begun to raise prices immediately to brace for their own costs going up. Focusing on tariffs could drive anyone nuts; instead, financial experts offered money moves you should always prioritize, no matter what's happening economically. If retirement is not imminent, it can be easy to drop this as a priority. However, according to Steve Sexton, CEO of Sexton Advisory Group and a retirement planning professional, he likes to drive home a mantra that 'financial freedom in retirement is a long-term accumulation event.' This means consistently setting aside at least 10% of your earnings every month for your retirement investments, whether that is a 401(k), a Roth or Traditional IRA, mutual funds or other proven means of investing, he said. 'If you start young, the power of compound interest is on your side, and it is easy to build momentum with consistency.' Learn More: Good financial habits don't stop at investing, Sexton said. Being able to budget realistically for your lifestyle is also important to mastering your finances. 'If you haven't already done so, a great way to start is to review three months of your most recent expenditures. From there, you can decide if anything needs to be eliminated or reduced, which will help you develop spending guardrails for the future,' he explained. Without a budget, it's difficult to know where your money is going, therefore making it difficult to save, invest and pay off debt effectively. Another financial priority is staying on top of debt, Sexton said. 'Letting this go unmanaged can seriously jeopardize your financial health and future.' Tackling high interest debts or loans with an interest rate of 7% or higher, should be high on your priority list. 'If you don't know where to start, the debt avalanche or snowball methods are effective ways to pay off debt systematically,' Sexton said. Though times seem economically challenging right now, Sexton pointed out this isn't our first or last economic downturn. In other words, there's always a need to prepare yourself for potential emergencies with a fully funded emergency fund. 'Beyond economic uncertainty, there's no denying that life happens. You could lose your job, get into an accident or receive an unexpected medical diagnosis,' he pointed out. Your emergency fund will help to soften the financial blow and hopefully prevent you from going into debt. Whether its tariffs today, an economic downturn tomorrow or any other challenge, the people who can absorb price hikes and income drops are those who prepare for volatility, according to William 'Bill' London, a business attorney and partner at Kimura London & White LLP. 'Give the highest importance to developing a pragmatic, flexible budget that caters to increasing expenditures on essentials such as food, fuel and imports,' London said. London said that now is a good time to get into the habit of buying domestically made products as often as possible, too. While some of these will be more expensive, you can absorb these costs and position yourself for future hikes. 'By purchasing locally produced products, consumers are able to expect less price movement and more predictability in the event of a trade dispute.' Investors should always have a financial advisor on deck to help ensure their portfolios are 'adequately diversified' and 'not excessively weighted' in areas that are most easily affected by stock market volatility, London said, such as international exports, manufacturing or technology. Much like retirement, estate planning is something that you might feel you can 'save for later,' but Kevin Quinn, J.D., an estate planning attorney with Legacy Counsellors, P.C., recommended against waiting. 'Don't abandon your estate plan or stop the process of planning in the belief that estate taxes don't matter anymore,' he said. He said it's not the laws in the immediate future that should concern you the most, anyway. 'What matters is what the law is when you die. Power switches back and forth. In the next couple months and years, it is subject to change.' He advises people to stay 'diligent in your planning and don't abandon your trust.' Regardless of what's happening to the economy, practical money moves like these can keep you safe no matter what happens. More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on Tariff Trade Wars Making You Nuts? Financial Advisors Say Always Make These Money Moves 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

A Famous Sushi Restaurant From Tokyo's Tsukiji Market Is Opening in Los Angeles
A Famous Sushi Restaurant From Tokyo's Tsukiji Market Is Opening in Los Angeles

Eater

time21-05-2025

  • Business
  • Eater

A Famous Sushi Restaurant From Tokyo's Tsukiji Market Is Opening in Los Angeles

Japan-based restaurant chain Sushi Zanmai is opening its first U.S. location in Los Angeles's Koreatown. Kiyoshi Kimura opened the first location of Sushi Zanmai in Tokyo's famous Tsukiji fish market in 2001 in response to falling traffic in the market. When the restaurant opened, it quickly set itself apart by operating 24 hours, feeding hungry locals and tourists looking for sushi at all hours of the day and night. In the years since the first restaurant, Sushi Zanmai has expanded to dozens of locations across Japan, becoming well known for its reasonably-priced sushi and a smiling statue of Kimura that welcomes guests at the front door. Kimura is known as the 'tuna king' in Japan and paid a record 333.6 million yen (more than $2 million USD) for a single bluefin tuna at a New Year's auction in 2019. Sushi Zanmai will open in Koreatown's Chapman Market, in the former Sake House by Hikari space at the corner of Sixth Street and Alexandria Avenue. Initial signage for the restaurant went up in late May 2025, and a liquor license was filed in February 2025. An opening date has not been shared yet and brown paper remains up in the windows, obscuring the interior. If the offerings at the Los Angeles location mirror those in Japan, guests can expect affordable nigiri, hand rolls, tempura, sashimi, chawanmushi, and more in a lively dining room. When Sushi Zanmai opens in Los Angeles, it will enter an already competitive field of sushi restaurants, but coming from Japan, that shouldn't be out of the norm. Hopefully, the statue of Kimura will make the trip over as well. Sushi Zanmai will be located at 3465 W. Sixth Street, Los Angeles, CA 90020. Sign up for our newsletter.

Small island in Ehime has big dreams with manga school
Small island in Ehime has big dreams with manga school

Asahi Shimbun

time18-05-2025

  • Entertainment
  • Asahi Shimbun

Small island in Ehime has big dreams with manga school

Osamu Hasebe, left, and Sadamu Kimura pose in June 2016 against the backdrop of a wall painting based on popular manga artist Takatoshi Yamada's work on Takaikamishima island in Ehime Prefecture. (Provided by Kamijia town) KAMIJIMA, Ehime Prefecture—With only 11 inhabitants, the tiny isle of Takaikamishima in the Seto Inland Sea is trying to stave off extinction by becoming the 'manga island of the world.' It opened a manga school in late April as an extension of a decades-long effort to rejuvenate the local community with manga-themed art. The school is the brainchild of Sadamu Kimura, 74, one of the few residents left on the island, and his friend Osamu Hasebe, who runs a medical corporation in Yamanashi Prefecture. Kimura was compelled to do something to sustain the island after its population continued to decline from 184 in 1970. Hasebe, 76, also felt he should weigh in because he was mesmerized by the scenery of Takaikamishima when he visited the island for the first time about two decades ago at Kimura's invitation. Hasebe has since been a regular visitor, spending about 10 days each month on the island. When the two men were asked to come up with a design for the outer wall of the community hall, they decided on manga illustrations to appeal to both children and adults. Hasebe consulted famed 'mangaka' (manga creator) Takatoshi Yamada and one of his acquaintances for advice. Yamada, 66, is the artist behind the popular 'Dr. Koto's Clinic' manga, which was adapted for a TV drama series and movies. It is set on a small, outlying island that struggled to bring in a doctor. The artist, seeing a parallel to the plight of Takaikamishima, drew his original painting from 'Dr. Koto's Clinic' for the project. Sign makers completed the wall painting in 2016 based on Yamada's original picture. Other renowned creators joined the project at Yamada's urging. The 1.34-square-kilometer island is now home to more than 30 illustrations decorating the walls of uninhabited homes and other structures. The Takaikamishima Manga School is aimed at getting more people interested and involved in the island's affairs. 'One of the graduates may become a famous mangaka some day,' Kimura said. 'Some may even choose to live on the island because manga artists can work remotely.' The school's opening ceremony was held on April 27, with Shinbo Nomura, creator of 'Tsuru Pika Hagemaru,' Yuichi Oshiyama, creator of 'Abare Hanagumi,' and Tomoko Tsukamoto, creator of 'Koi wa Hanairo Mimozairo,' attending. Twenty-three elementary and junior high school students from Kamijima town, which consists of Takaikamishima and many other inhabited or uninhabited islands, attended a workshop held that day. The manga school offers six lessons--two full-day classes a month--from late May to late July. The fee is 80,000 yen ($555), which includes accommodations with meals. The classes are given at a school building that had been closed after families moved out. The creators of the original wall paintings will teach students how to draw characters, backgrounds, robots and other machines, as well as how to develop a story. Anybody aspiring to become a manga artist can apply. The school has slots for up to 30 enrollees. Masanori Baba, a new resident of the island, has handled preparations toward the school's opening. The 50-year-old moved to the island in April last year with his wife and their two school-age daughters from Aichi Prefecture, raising the island's population to 11. Baba was working at a small factory in Aichi Prefecture when he considered making a fresh start in a new environment. He learned about Takaikamishima while checking potential relocation sites. He has worn many hats since moving to the island. Apart from doing clerical work for the school, he is employed at a guest house and eatery operated by Nataore no Ki (island tea olive), an organization founded by islanders and supporters living outside Takaikamishima. This April, Baba succeeded Kimura as head of the association of local residents. Baba hopes aspiring artists can benefit greatly at the island's manga school. 'Time passes slowly here with abundant nature and a community evoking a bygone era, providing inspiration for creativity,' he said. 'In addition, enrollees can learn manga techniques from prominent mangaka.'

Ishigaki Island Gourmet Fair
Ishigaki Island Gourmet Fair

Metropolis Japan

time16-05-2025

  • Metropolis Japan

Ishigaki Island Gourmet Fair

At approximately 200 meters above the streets of Shinjuku, Teppan Ten-yu offers an unforgettable culinary event this summer. Running from May 19 to July 31, 2025, the Ishigaki Island Gourmet Fair brings Okinawa's rarest ingredients—anchored by premium wagyu—into the spotlight. Premium Beef from Kita-Uchi Farm is the highlight of the dinner course. This kuroge wagyu comes from female cows raised for over 40 months in Ishigaki's subtropical climate. Only four are selected monthly, making this one of the rarest wagyu options available in Japan. With its low melting point and increased amino acid profile, the loin cut is grilled over the teppan to coax out a balance of rich fat and meaty depth. The result is a slice of beef with a clean finish and delicate fragrance, best appreciated with a simple seasoning of Okinawan salt. Chef Nobuko Kimura, known for her deep relationships with producers, avoids choosing beef by brand or ranking. Instead, she focuses on lineage and long-term ethical farming, ensuring flavor and safety. Kimura's background includes launching teppanyaki programs at top Tokyo hotels and mentoring upcoming chefs. At Teppan Ten-yu, her goal is to bridge the gap between farmers and diners, serving food that reflects the land and care behind it. The course menu features a full spectrum of Okinawan flavors: Homemade jiimami tofu (peanut tofu) (peanut tofu) Shima rakkyō (island shallots) (island shallots) Omāru ebi (lobster) (lobster) Six varieties of salt used depending on the dish Barrel-aged Yuasa shoyu from Wakayama Each ingredient is chosen for its origin, texture and ability to complement the premium beef. Guests can choose between white rice—Akita-grown saki-hokore —or Yaeyama soba for the final savory course, accompanied by miso soup and seasonal pickles. Dessert includes tropical fruit grown in Ishigaki, such as pineapple and mango, offered with minimal processing to preserve natural sweetness. An optional five-glass pairing starts with champagne and moves through wines chosen to enhance each dish. The final drink is served in Ryukyu glass and can be either awamori or a locally sourced Okinawan juice. With just 10 seats at the counter, Teppan Ten-yu offers a refined yet intimate dining experience. Guests enjoy direct interaction with the chef and unobstructed views of Tokyo's skyline, all while maintaining privacy and calm. The name Ten-yu means 'unexpected good fortune,' a reflection of the thoughtful curation that defines each seasonal menu. Dates: May 19 – July 31, 2025 May 19 – July 31, 2025 Time: Dinner only, 5:30 pm – 10 pm (Last order 9 pm) Dinner only, 5:30 pm – 10 pm (Last order 9 pm) Price: ¥39,000 (course), ¥15,000 (wine pairing, 5 glasses) ¥39,000 (course), ¥15,000 (wine pairing, 5 glasses) Reservations required Teppan Ten-yu, 45F, Bellustar Tokyo, A Pan Pacific Hotel1-29-1 Kabukicho, Shinjuku-ku Phone: 03-6233-7654 Teppan Ten-yu Event Official Website

Kiwi aims to bring the world to our snooker tables
Kiwi aims to bring the world to our snooker tables

Newsroom

time12-05-2025

  • Sport
  • Newsroom

Kiwi aims to bring the world to our snooker tables

Agnes Kimura is fundraising hard to head to China for the 2025 World Women's Snooker Championship, but playing against her peers isn't the most important part of the trip. Instead, she has a much bigger goal in mind. With the men's world championships just completed in England, it's less than a month before the women's version takes centre stage, with the annual highlight of the World Women's Snooker Tour, taking place in Dongguan, from May 20-27. With Kimura being a board member of the New Zealand Billiards & Snooker Association (NZBSA) she's made it clear that she'll be going all out to network around her playing schedule. 'I've let my board know that my intention is to go to China and come back with a date or a year that we are going to hold a world event. The bonus is playing and being amongst these ladies,' says Kimura, who is currently ranked number 41 in the world. Currently, the closest world event to New Zealand shores is the Australian Women's Open, which will take place in Sydney this October. That event provides world ranking points to participants and Kimura knows that if she can get a similar event in Aotearoa, it will make a huge difference to the sport here. 'I'm very close with [women's world ranked number one player] Mink Nutcharut and I'm in touch with some of the other ladies as well, and the Australian ladies,' Kimura says. Kimura winning a world amateur title with her team in Las Vegas in 2018. Photo: Supplied 'If you're wanting to promote something coming into your country, how are they supposed to know what your country is like if there's no-one from there at your event? I'll [also] talk to players that I've never met before.' In February 2024, Kimura played a key role in setting up the New Zealand Women's Open to take place for the first time in over 20 years, which opened up the competition to female players outside New Zealand. 'With my friendships and bonds that I have with the Australian ladies, I managed to get nine of them to travel over here and we had a big field of 30 which we haven't seen for years.' The event took place over two days at the Papatoetoe Cosmopolitan Club in Auckland, with a key reason for that choice of venue being that it has eight world class tables, a big deal for the best players in the world, and something that the NZBSA would need to provide for a world ranking event. 'World class players, the first thing they're going to do is hit that ball around the table and if they don't like it, they're not coming back. They know the cloth, they know the run of the table, they know the pockets, all that sort of stuff. A lot of people don't realise that, but that's what they look at, they're used to playing on quality tables,' Kimura says. Kimura started playing about 20 years ago and the sport became an integral part of life for her and her family. Coach Stanley Bunn, now retired, with Kimura. Photo: Supplied 'I started watching my partner [Lee Hildred] play. He used to play a lot of snooker back when we were younger. Stanley Bunn, the national coach, owned Cue Sports in New Plymouth, and we used to go there all the time. I just used to go and watch, I had no idea what they were doing. Then I got asked if I wanted a job and I said yes and next minute I'm refereeing at the table and I'm pulling the balls out of the pockets and it went from there,' Kimura says. Bunn then started to show Kimura different shots on the table and asked her to practise them for 15 minutes every day and gradually her game started to develop and improve. 'I suppose you don't know if you've got it until people actually start telling you, because you don't see it [yourself]. Others notice it via your shot selection, or your stance. Personally, I just love the game. There's always learning and there's so much to being on top of your game with cue sports. I think it's the hardest sport you can play.' Her son Mario Hildred has also represented New Zealand, winning the Oceania U21 singles championships in Sydney in 2018, to go alongside his mother's sole New Zealand national title to date, which she won in 2016, in Gore. Kimura with husband Lee and son Mario. Photo: Supplied Finding time to practise is now one of the hardest parts for Kimura. She works as a security guard for 24/7 Security Solutions in New Plymouth, has two grandchildren and has her work for the NZBSA board, all on top of playing. Being time poor is also a reason it can be a struggle to get other women involved in the sport. 'It doesn't suit everyone. It's really, really hard to get these ladies to come and play snooker and stay. They might like a quicker game like 8-ball (pool). It takes a specific type of woman to enjoy it [but] once you do fall into liking it, you turn into loving it,' Kimura says. 'I know women who want to play, but they just need a push. I spend time encouraging women to play more snooker and how to go about it, and who to get help from, because if they don't know where to get help from, they're not going to play.' After helping so many women take up snooker and keeping them interested, Kimura now heads to China looking for the sport in New Zealand to take the next step. If hard work and dedication has anything to do with it, she'll get her break.

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