Latest news with #MGM
Yahoo
2 hours ago
- Business
- Yahoo
Couple Making $200K Wants To Invest 60% of Their Income—Dave Ramsey Says That's Great, But 'Build Up A Fat Juicy Down Payment' For A House Instead
Most people call into "The Ramsey Show" wondering how to climb out of debt. But one recent caller? He and his wife are trying to do the opposite. They're in their 20s, fresh out of college, no debt, $200,000 combined income, six months of emergency savings—and their big question was whether investing 60% of their take-home pay was a little too much. Turns out, it might be. Not because they're saving too aggressively—Dave Ramsey loves intensity—but because they're skipping a key step almost every millionaire he's studied has taken. "Very, very few people that we have studied... that became wealthy used that plan," Ramsey said. "Instead, what they have done is they bought and then paid off a home." Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The couple, who just got married and are currently renting, laid out their plan: live on her $60,000 salary and invest his $85,000 take-home in 401(k)s, HSAs, and other vehicles. Their goal? For her to eventually become a stay-at-home mom. But Ramsey had one question that changed the tone: "What about your house?" They didn't have one. And to him, that's a red flag—because he's seen what happens when people rent for life. "You can 100% count on rent going up your entire life as long as you rent," he said. "Your largest item is out of your control." In his book "Baby Steps Millionaires," Ramsey details a study of 10,000 net-worth millionaires. Most of them followed a path that involved a modest home, a long-term mortgage, and slow, steady investing. That's not to say saving 60% is bad—it's just rare, and in Ramsey's view, less efficient. "I would save a maximum of 15% of my household income into retirement... stop the HSA, build up a fat juicy down payment, and buy a house in Texas," Ramsey said. Trending: Maximize saving for your retirement and cut down on taxes: . And he's not just talking theoretically. The data backs him up. According to the Federal Reserve, the median net worth of homeowners is around $400,000, while the median for renters is just $10,400. That's not a typo—renters, on average, have less than 3% of the wealth homeowners do. Ramsey even got a little nostalgic about the power of real estate: "Think about the neighborhood that you might buy in... what you could have bought that house for 15 years ago. That's what it's going to be 15 years from now." And while the husband might be fine roughing it for now, Ramsey warned him not to bank on his wife feeling the same. "When she becomes a stay-at-home mama, I promise you this—she's gonna want a house." Ramsey's final take? This couple's drive is rare, and they're already ahead of the game. "You're not going to be a broke guy because you're actually paying attention," he told the caller. But even the most disciplined saver needs a solid foundation—and in his world, that foundation has a deed and a mortgage. Read Next: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Invest where it hurts — and help millions heal:. 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 Couple Making $200K Wants To Invest 60% of Their Income—Dave Ramsey Says That's Great, But 'Build Up A Fat Juicy Down Payment' For A House Instead originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
7 hours ago
- Business
- Yahoo
3 Reasons MGM is Risky and 1 Stock to Buy Instead
Although the S&P 500 is down 2.2% over the past six months, MGM Resorts's stock price has fallen further to $31.80, losing shareholders 16.9% of their capital. This may have investors wondering how to approach the situation. Is now the time to buy MGM Resorts, or should you be careful about including it in your portfolio? Get the full stock story straight from our expert analysts, it's free. Even with the cheaper entry price, we're swiping left on MGM Resorts for now. Here are three reasons why there are better opportunities than MGM and a stock we'd rather own. A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, MGM Resorts grew its sales at a sluggish 7.4% compounded annual growth rate. This fell short of our benchmark for the consumer discretionary sector. Forecasted revenues by Wall Street analysts signal a company's potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite. Over the next 12 months, sell-side analysts expect MGM Resorts's revenue to stall, a deceleration versus its 10.1% annualized growth for the past two years. This projection is underwhelming and suggests its products and services will see some demand headwinds. As long-term investors, the risk we care about most is the permanent loss of capital, which can happen when a company goes bankrupt or raises money from a disadvantaged position. This is separate from short-term stock price volatility, something we are much less bothered by. MGM Resorts's $31.75 billion of debt exceeds the $2.27 billion of cash on its balance sheet. Furthermore, its 12× net-debt-to-EBITDA ratio (based on its EBITDA of $2.37 billion over the last 12 months) shows the company is overleveraged. At this level of debt, incremental borrowing becomes increasingly expensive and credit agencies could downgrade the company's rating if profitability falls. MGM Resorts could also be backed into a corner if the market turns unexpectedly – a situation we seek to avoid as investors in high-quality companies. We hope MGM Resorts can improve its balance sheet and remain cautious until it increases its profitability or pays down its debt. MGM Resorts falls short of our quality standards. After the recent drawdown, the stock trades at 14.2× forward P/E (or $31.80 per share). While this valuation is fair, the upside isn't great compared to the potential downside. There are more exciting stocks to buy at the moment. We'd recommend looking at a dominant Aerospace business that has perfected its M&A strategy. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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
Express Tribune
11 hours ago
- Entertainment
- Express Tribune
Jackie Chan jokes about making Rush Hour 4 at 100, teases return to Shanghai Noon sequel
Jackie Chan recently offered a humorous update on the long-anticipated Rush Hour 4, joking that both he and co-star Chris Tucker might be past their prime by the time it finally happens. Speaking with ScreenRant, Chan quipped, 'Hurry up! Otherwise, Chris Tucker and me [will be] 100 years old. We'll be old men doing Rush Hour,' when asked about the sequel's status. Though no official production timeline has been announced, Chan emphasized he's still eager to return to the franchise, which launched in 1998 and earned over $850 million globally across three films. The last entry, Rush Hour 3, hit theaters in 2007. Chan previously shared in 2017 that he and Tucker had agreed on a script, but progress has since stalled. Alongside Rush Hour, Chan is also eyeing a return to another early-2000s buddy comedy series. He confirmed that a third installment in the Shanghai Noon franchise, titled Shanghai Dawn, remains in development. 'The script is still going on,' Chan told ScreenRant. Back in 2016, Chan and Owen Wilson were reportedly working on the sequel with MGM. Jared Hess (Napoleon Dynamite) was attached to direct, based on a story by Smallville creators Miles Millar and Alfred Gough, with a script by Theodore Riley and Aaron Buchsbaum. As Chan revisits some of his most iconic roles, fans of both franchises are hopeful that long-awaited sequels will eventually move forward. While timelines remain uncertain, Chan's playful optimism and continued enthusiasm suggest audiences may not have seen the last of these beloved duos.
Yahoo
18 hours ago
- Business
- Yahoo
23-Year-Old Won $137K On A Scratch-Off And Thinks He'll Retire by 40 —The Plan? Stocks, Gold, A New Car, And a Little 'Fun Money' on the Side
Retiring by 40 might sound like a pipe dream—unless you're 23, just hit a scratch-off for six figures, and think the stock market is about to do you a solid. That's the situation one young man shared on Reddit's r/MiddleClassFinance subreddit after his fiancée won a $200,000 lottery prize. Post taxes, they're sitting on $137,500—and they already have a plan. "We're planning on putting roughly $50K into the S&P 500. $20K into some sort of high-yielding savings account or another investment instrument. $10K on silver and gold," he wrote. The rest? A new car, bathroom remodel, dental surgery for their dog, and a little "fun money to enjoy life." Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The goal? "Financial freedom by our 30–40s." And if you've been around personal finance circles, you know the phrase: The first $100,000 is the hardest. Even Charlie Munger famously said, "The first $100,000 is a b****, but you gotta do it." So does that early head start mean they're on the road to financial independence? Reddit had opinions. Lots of them. "Invest it in a low-cost index fund like [Vanguard S&P 500 ETF (NYSE: VOO)] and forget about it," one user advised. "Let your money work for you while you keep working." Another chimed in saying: "You'd be surprised how fast money can go. $100K is not life-changing unless you put it into VOO or something equivalent and don't touch it until you reach your retirement number." Trending: Maximize saving for your retirement and cut down on taxes: . But others were quick to hit the brakes. "If they invest $100K for the next 20 years at 10% a year, they'll have about $800K," one wrote. "Not exactly financially free in your early 40s." Another walked them through a more detailed strategy: "Open a Fidelity account. Move the $100K. Actually invest it. Set $450/month to VOO. If you live below your means, you may be able to coastFIRE." But the warnings came just as fast. "My grandmother passed away. Most of her kids got $100K checks... gone within 2–3 years. They basically lived on it and weren't replacing it." Some saw the post as grounded. Others saw fantasy. One user questioned if the couple even fit the sub's "middle class" theme, since the original poster is military and said his fiancée doesn't currently work. "With how young they are, I'd be surprised if they were actually at middle-class income," a commenter said. Still, whether you think it's wise or wildly optimistic, the idea that $137,000 could launch an early retirement lit a fire. And if there's one thing the internet never scrolls past, it's a 23-year-old casually mapping out financial freedom before most people pay off their student loans. But let's talk to Western & Southern Financial Group, the "golden rule" of early retirement is to have 25 times your annual expenses saved. That's the idea behind the 4% rule: you withdraw 4% of your portfolio each year and it lasts around 30 years. But if you're retiring at 40? You're aiming to cover 50+ years—and you'll probably need more. Let's say you expect to live on $50,000 a year. You'd need at least $1.25 million by the time you hit 40. And that's in today's dollars. Because inflation? It doesn't care about your scratch-off dreams. At just a 3% inflation rate, that same $50,000 lifestyle could cost you closer to $90,000 a year by the time you're 60. So when Redditors raised eyebrows, it wasn't just about the car or gold—it was about whether this windfall could seriously stretch over five decades of "freedom." That's the question that lingers: is this couple being bold—or just banking too much on beginner's luck? Read Next: Invest where it hurts — and help millions heal:. Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – 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 23-Year-Old Won $137K On A Scratch-Off And Thinks He'll Retire by 40 —The Plan? Stocks, Gold, A New Car, And a Little 'Fun Money' on the Side originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Couple Making $200K Wants To Invest 60% of Their Income—Dave Ramsey Says That's Great, But 'Build Up A Fat Juicy Down Payment' For A House Instead
Most people call into "The Ramsey Show" wondering how to climb out of debt. But one recent caller? He and his wife are trying to do the opposite. They're in their 20s, fresh out of college, no debt, $200,000 combined income, six months of emergency savings—and their big question was whether investing 60% of their take-home pay was a little too much. Turns out, it might be. Not because they're saving too aggressively—Dave Ramsey loves intensity—but because they're skipping a key step almost every millionaire he's studied has taken. "Very, very few people that we have studied... that became wealthy used that plan," Ramsey said. "Instead, what they have done is they bought and then paid off a home." Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The couple, who just got married and are currently renting, laid out their plan: live on her $60,000 salary and invest his $85,000 take-home in 401(k)s, HSAs, and other vehicles. Their goal? For her to eventually become a stay-at-home mom. But Ramsey had one question that changed the tone: "What about your house?" They didn't have one. And to him, that's a red flag—because he's seen what happens when people rent for life. "You can 100% count on rent going up your entire life as long as you rent," he said. "Your largest item is out of your control." In his book "Baby Steps Millionaires," Ramsey details a study of 10,000 net-worth millionaires. Most of them followed a path that involved a modest home, a long-term mortgage, and slow, steady investing. That's not to say saving 60% is bad—it's just rare, and in Ramsey's view, less efficient. "I would save a maximum of 15% of my household income into retirement... stop the HSA, build up a fat juicy down payment, and buy a house in Texas," Ramsey said. Trending: Maximize saving for your retirement and cut down on taxes: . And he's not just talking theoretically. The data backs him up. According to the Federal Reserve, the median net worth of homeowners is around $400,000, while the median for renters is just $10,400. That's not a typo—renters, on average, have less than 3% of the wealth homeowners do. Ramsey even got a little nostalgic about the power of real estate: "Think about the neighborhood that you might buy in... what you could have bought that house for 15 years ago. That's what it's going to be 15 years from now." And while the husband might be fine roughing it for now, Ramsey warned him not to bank on his wife feeling the same. "When she becomes a stay-at-home mama, I promise you this—she's gonna want a house." Ramsey's final take? This couple's drive is rare, and they're already ahead of the game. "You're not going to be a broke guy because you're actually paying attention," he told the caller. But even the most disciplined saver needs a solid foundation—and in his world, that foundation has a deed and a mortgage. Read Next: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Invest where it hurts — and help millions heal:. 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 Couple Making $200K Wants To Invest 60% of Their Income—Dave Ramsey Says That's Great, But 'Build Up A Fat Juicy Down Payment' For A House Instead originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
