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CTV News
28-05-2025
- Business
- CTV News
How to keep your finances on track according to Canadian expert
We're kicking off Financial Fitness Week by looking at how you can evaluate your own financial fitness! This week marks Financial Fitness Week and CTV Morning Live looks into how to evaluate your financial situation to grow your net worth. The net worth is defined as the health check for your finances, according to personal finance expert and author Jessica Moorhouse. This includes your assets and liabilities. Moorhouse says that you want to see your net worth grow every month. This can be done through saving, investing and paying your debts, she adds. Emergency funds The most important thing when it comes to finances is making sure you have an emergency fund, Moorhouse said. 'When you think everything is going well, that's when something happens unexpectedly,' she said. 'Your car breaks down, your pet gets sick, you lose your job or your hours are cut. Something is always going to happen.' The rule of thumb, according to Moorhouse, is to have enough money to cover expenses for three to six months. She notes that most people do not have an emergency fund, citing having other priorities and not being able to save. Therefore, her first suggestion when meeting with new clients is to prioritize having that emergency fund. How to manage debt When it comes to debt, Moorhouse says it's usually an emotional topic that comes with shame, embarrassment and anxiety. There is always a way out, she notes. She suggests looking at the interest rates and trying to find the best repayment strategy. 'There are two important ones (strategies), the debt avalanche and the debt snowball. You either want to start paying off aggressively the one with the highest interest rate first, or do you want to tackle the smallest balance,' Moorhouse said. While the debt avalanche focuses on minimizing interest costs by paying off the debt with the highest interest rate first, the debt snowball focuses on paying off the smallest debts before moving on to the bigger ones, she explains. Cash flow vs spending Looking at the cash flow, which is the cash that comes in and the money that goes out, is very important to manage your finances, Moorhouse says. Though people look at how much they make per month, they don't necessarily look at their spending, she says, while suggesting tracking all expenses. 'It is important because we know that we (might have) spent a little too much on eating out. 'Or what was this expense? I thought I cancelled that subscription. Well, I didn't.' So, now I know cause that's my spending,' she added. The personal financial expert suggests aligning your spending with your goals and values. For example, if you want to go on a trip, she suggests cutting off on spending on take out coffees or eating at restaurants. More information is available in Moorhouse's book titled Everything but Money.
Associated Press
28-05-2025
- Business
- Associated Press
Charles Schwab High Net Worth Client Pulse Survey Finds Affluent Investors Are Continuing to Gift Their Assets Despite Economic Uncertainty
WESTLAKE, Texas--(BUSINESS WIRE)--May 28, 2025-- Despite a backdrop of market volatility and economic uncertainty during the first half of 2025, High Net Worth (HNW) retail investors are continuing to gift their assets, according to the latest Schwab HNW Client Pulse Survey. Half (51%) of HNW Schwab retail clients, defined as those with at least $1 million in assets at Schwab, plan to gift some amount of their wealth this year. Among those gifting, 25% plan to increase the amount of their gifts this year as compared to last year, and only 7% plan to give less. This continued momentum in wealth transfer reflects the confidence among HNW clients that their financial plans are resilient amid market volatility and uncertainty. While a majority (59%) of HNW clients surveyed describe their market outlook as bearish, over half of those with bearish sentiment feel confident they have a plan in place to withstand any potential market correction. In fact, 67% of HNW clients overall remain confident in their decision-making. Looking forward, 57% of HNW Schwab clients surveyed plan to gift some of their assets in the next five years, and three-quarters (74%) plan to do so over the course of their lifetime. 'HNW investors may be cautious about the markets, but they're still acting with intention and making decisions that align with their long-term goals, whether that means giving now or planning to transfer wealth over time,' said Susan Hirshman, Director of Wealth Management for Schwab Wealth Advisory and Schwab Center for Financial Research. 'Confidence doesn't always mean optimism about the market, but it does mean having clarity in your strategy and financial plan, and the discipline to follow it.' The Who, How and Why of Gifting Among HNW investors surveyed who are making gifts in 2025, most are focused on supporting their immediate families. The vast majority (84%) say they plan to give assets to their children, with 91% of those gifts intended for children over the age of 18. Half (50%) say they've already had—or plan to have—conversations with their children about the gifts. While cash remains the most common form of giving, nearly one in four HNW clients plan to transfer investments, highlighting the use of appreciated assets as part of tax and estate planning to reduce capital gains and estate taxes. Even with tax efficiency in mind, gifting is driven by more than financial optimization. The top motivations cited by HNW clients include general financial support for family (66%), estate and tax planning (34%), and funding for education (30%). Additionally, 21% aim to help with significant life milestones, such as a wedding, home purchase, or starting a business. 'Gifting is about more than passing down wealth—it's about passing down purpose,' said Hirshman. 'Yes, tax and estate strategies are important, but the conversations around gifting often center on values, legacy, and preparing the next generation to be thoughtful stewards of what they receive.' About the Midyear 2025 HNW Pulse Survey by Charles Schwab The Schwab HNW Client Pulse Survey explores the outlooks, expectations, investing patterns and points of view of clients at Charles Schwab who have more than $1M in investable assets. The study included 183 HNW clients at Charles Schwab and was fielded from April 1 – 14, 2025. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. Disclosures The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions. Data herein is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal. (0525-ZUE3) View source version on CONTACT: Hibah Shariff Charles Schwab 415-667-0507 [email protected] KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES ASSET MANAGEMENT FINTECH SOURCE: The Charles Schwab Corporation Copyright Business Wire 2025. PUB: 05/28/2025 11:36 AM/DISC: 05/28/2025 11:35 AM
Time of India
22-05-2025
- Entertainment
- Time of India
MrBeast net worth hits $1 billion, YouTuber becomes world's youngest self-made billionaire at age 27
YouTuber Jimmy Donaldson , also known as MrBeast, has reportedly joined the ranks of billionaires, with Celebrity Net Worth estimating his net worth at $1 billion. This makes the 26-year-old content creator the eighth youngest billionaire globally, and the only one under 30 who built his wealth without inheritance. MrBeast began his YouTube career as a teenager, posting videos from his North Carolina home. His initial viral success came in 2017 with "I Counted to 100,000," a video that took 44 hours to film and has since accumulated over 31 million views. Since then, he has gained recognition on the platform for his challenges, large-scale giveaways, and philanthropic content. How MrBeast has become successful over the years In 2024, MrBeast was identified as a leading creator on the Forbes Top Creators list. While Forbes had previously estimated his net worth at $85 million, court documents from a 2024 lawsuit related to his food brand revealed his earnings were $223 million in 2023 and were projected to reach $700 million in 2024. His business ventures include Beast Burger , a delivery-only fast-food chain launched in 2020 that reportedly earned $2.3 million per month, though he later sued due to quality concerns. MrBeast also founded Feastables , a chocolate bar company that generated over $10 million in its initial months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Additionally, he co-created Juice Funds, a $2 million initiative with Creative Juice that invests up to $250,000 in emerging creators. In the crypto and tech space, MrBeast holds Bitcoin and several CryptoPunks NFTs and is involved with platforms like Coinbase, Refinable, and the XCAD Network, which helps creators monetise videos with NFTs. His philanthropic efforts are equally extensive, as he established Beast Philanthropy, a nonprofit supporting large-scale charitable projects. MrBeast has donated over 100 cars, given away $1 million in a single video, and helped raise $20 million to plant trees through Team Trees. In 2023, he faced criticism for funding cataract surgeries for 1,000 blind individuals. In response, MrBeast reiterated his commitment, stating, 'I promise to give away all my money before I die. Every single penny.' He made a similar pledge in 2019, outlining his life's goal as "make a bunch of money, and then give it all away while doing as much good as possible." MrBeast's achievements have earned him various industry accolades, including a nomination for Vlogger of the Year at the Shorty Awards in 2019 and wins for Breakout Creator and 2020 YouTuber of the Year. MrBeast's early life and how his career started His journey from counting to 100,000 on camera to building a multi-billion-dollar empire showcases a blend of creativity and generosity. MrBeast's career trajectory began in 2012 when, at just 13 years old, he started uploading videos under the username "MrBeast6000." His early content included gaming videos, often featuring Minecraft and Call of Duty, as well as videos estimating the wealth of other YouTubers. He also created reaction videos and funny compilations, showcasing his willingness to experiment with different formats. By mid-2016, his main channel had fewer than 30,000 subscribers, but his persistence led him to drop out of college later that year to pursue YouTube full-time. His growth accelerated through diverse real-world formats, including challenges, vlogs, and absurd tasks like watching paint dry for an hour or attempting to break glass with a hundred megaphones. He gained initial popularity with his "Worst Intros on YouTube" series. MrBeast is known for reinvesting nearly all his video earnings back into creating new content, allowing for increasingly ambitious productions. In 2021, he was the fastest-growing creator on YouTube, adding 37 million subscribers in one year. He has also expanded his content globally by launching separate channels for dubbed videos in over 10 languages, including Spanish, French, and Arabic, leading to substantial international viewership. His main channel became the most-subscribed on YouTube in June 2024.
Time of India
17-05-2025
- Business
- Time of India
Kevin De Bruyne net worth: How rich is the Belgian maestro and Manchester City's midfield engine?
Being the central player for Manchester City and the creative force of the Belgium national team, Kevin De Bruyne has amassed a large fortune during his career. With his departure from the Etihad Stadium set for the end of the 2024/25 season, his net worth proves how impressive his decade at the top of European football has been. Tired of too many ads? go ad free now According to several reports, Kevin De Bruyne has a net worth ranging from $70 million to $100 million as of 2025, and Celebrity Net Worth reports it at about $70 million (£55 million). He has earned this massive fortune through his playing contracts, popular endorsements and smart investments outside of sports. Manchester City's salary and football earnings Since renegotiating his contract in 2021, Kevin De Bruyne has been the Premier League's top earner, receiving £400,000 weekly. Because of this, he collects about £20.8 million ($25-28 million) in annual salary from Manchester City. First, he played for smaller teams like Genk and Chelsea before his value rose greatly due to outstanding performances at Wolfsburg. Spending £55 million in 2015 on Kevin De Bruyne has, without doubt, been a smart move for City. He has helped win them six top-flight titles and a Champions League trophy in 2023. Endorsements and business ventures are expanding his wealth In addition to his football salary, Kevin De Bruyne brings in an estimated $4-10 million each year from endorsements. Working with brands such as Nike, EA Sports, Credit Karma, and Audi has greatly expanded his wealth. He has shown that he is business-minded by investing in Therabody, a wellness technology business, and Sports & Leisure Group, a leading producer of artificial turf. He's expanded into real estate and hospitality, even owning part of a high-end hotel located in Manchester's historic Cotton Exchange building. The footballer has a £5+ million house in Alderley Edge, Cheshire, and drives impressive cars such as a Ferrari 488 Pista, McLaren P1 and a customised Porsche 911. Also Read: With the Saudi Pro League said to be offering huge sums, Kevin De Bruyne's finances are on the verge of growing again this summer.
Morocco World
11-04-2025
- Business
- Morocco World
Mohamed Salah Commits to Liverpool With New Two-Year Deal
Mohamed Salah has ended months of speculation by signing a new two-year contract with Liverpool, keeping him at Anfield until 2027. The Egyptian winger has been central to Liverpool's campaign this season. He played 45 games so far, scored 32 goals, and provided 22 assists across all competitions as the club marches on to lift their 20th Premier League title. With his previous deal set to expire in the summer, uncertainty had loomed over his future. But on Friday, the club confirmed Salah had committed his future to Merseyside. The new agreement is reportedly worth $460,000 per week, placing Salah among the highest earners in English football. It also marks a departure from Liverpool's usual policy, with the club's owners, Fenway Sports Group, typically reluctant to offer long-term deals to players over 30. Salah, now 31, has spent eight seasons at Liverpool and is expected to round out a full decade at the club. 'I'm very happy,' he told Liverpool's official website. 'We have a great team. I've enjoyed the best years of my career here and I believe we can win more trophies.' Manager Arne Slot will be particularly pleased, with Salah having played a direct role in nearly half of the team's goals this season. Off the pitch, Salah's financial clout continues to grow. Celebrity Net Worth estimates his fortune at $89 million, buoyed by endorsement deals with Adidas, Pepsi, Vodafone, and Audi. Including image rights and other commercial income, Salah's total weekly earnings could exceed $1.3 million. Tags: Liverpoolmohamed salah
