New and used automobile costs hold climbing. Don’t count on aid quickly

When it comes to car purchases these days, sticker price can be a sticker shock.

The prices for new and used cars continue to rise in view of the strong demand and the shortage of stocks. While the slowdown in production has improved slightly, there will be no return to normal for car buyers anytime soon.

“The typical dealer experience that consumers are familiar with – dealer lots with rows of cars, negotiating the price and lots of incentives – is unlikely to return this year as it is 4.5. are [million] 5 million consumers waiting on the sidelines for cars, “said Tyson Jominy, head of data and analytics at JD Power.

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“This backlog will keep inventory levels low and prices high for most of 2022,” Jominy said.

An ongoing global shortage of microchips – key components needed to power today’s cars – that began in 2020 continues to slow manufacturers’ production of new vehicles, which has resulted in demand exceeding supply.

“It’s a little better in that there is no more inventory loss – it doesn’t get worse,” said Ivan Drury, Edmunds.com senior manager of Insights. “But we’ll talk to each other for many months until it looks more normal.”

The average transaction price for a new car is now higher than the manufacturer’s suggested retail price, or MSRP: $ 45,872 versus $ 45,209, according to the latest data from Edmunds.

An estimated 89% of buyers pay more than or within 5% of the sticker price, Jominy said.

One reason for the record transaction prices is that automakers have cut their discounts because they generally don’t have to offer big incentives to sell cars.

In other words, new cars don’t stay long in a dealer parking lot: in December, an estimated 57% of cars were sold within 10 days of delivery, according to JD Power. The average time it takes a new car to sell off the lot is a total of 17 days, a record low and less than 49 days a year ago.

Demand has also expanded into the used car market, where buyers are paying an average of $ 29,011, up 27.9% from a year ago, data from Edmunds shows. That ranges from an average of $ 14,124 for a 9-year-old car to $ 30,334 for a 3-year-old vehicle.

One bright spot, Drury said, is that demand for used cars has driven trade-in values ​​well above normal.

“Buy this trade-in,” he said. “Don’t get rid of old assumptions about mileage or depreciation because all that stuff is on the doorstep.”

And while you should be prepared that there is little wiggle room on the price of the car, you may be able to negotiate the value of your trade-in.

In addition, interest rates are generally low at the moment.

“You can still get cheap money,” said Drury, adding that there are still 0% or 0.9% financing offers depending on the make and model you are looking at. Otherwise the average interest rate for a new car loan below 4%, according to Bankrate.

If you are flexible in terms of time when purchasing and cannot find what you are looking for on the dealer lot, it can be worthwhile to order your car.

“Although it can take four to eight weeks for the vehicle to arrive, it will be built to your exact specifications such as features and color,” said Jominy. “And now, some automakers will be incentivizing pre-orders that consumers won’t have when they buy what’s in stock.”

Arizona small companies don’t desire California-style employment legal guidelines | Nationwide Information

(The Center Square) – According to a new survey, small business owners in Copper State appear to have adopted the local slang “Don’t California my Arizona”.

The Arizona Chapter of the National Federation of Independent Business released its annual survey of Main St. Entrepreneurs on Monday.

NFIB received answers to three questions this month from 247 small business owners across the state.

The first of these questions related to the use of the Californian ABC test to determine whether an employee is entitled to benefits and vacation as an independent contractor or as a full-time, higher-priced employee.

The legal examination asks whether the employee is “in connection with the execution of the work, both within the framework of the employment contract and actually free from the control and instructions of the hirer; the employee carries out work that is outside the normal course of business of the hirer; ”and whether the employee“ usually works in a self-employed trade, profession or business of the same type that is connected with the work performed ”.

The test was implemented with the passage of Assembly Bill 5 in California in 2019. He had strong support from the state unions, but was criticized from corporations and others warning of widespread impact on the California economy. Many industries, including freelance journalists, were exempted from the law if there was a change in 2020. Protection of the Right of Association or PRO Act would To install such a requirement nationwide.

The vast majority, 83% of Arizona companies, told the NFIB that they were not in favor of such a law.

“Every state has a tiny number of bad actors trying to get away with something by classifying full-time workers as independent contractors to save money on payroll taxes,” said Chad Heinrich, NFIB state director of Arizona. “But California chose to fire a bazooka at an anthill-sized problem when its top court in its Dynamex ruling penned its ABC test to identify an independent contractor’s employee. And, not to excel, the state legislature passed Assembly Bill 5, which has wreaked unnecessary havoc with a variety of occupational classifications and affects the livelihoods of hundreds of thousands of people.

“Our Arizona small business membership is clear about this: Keep this bad California idea out of here.”

The NFIB also asked business owners whether the state should “require companies that manufacture, sell, import, license or distribute product packaging materials to be responsible for the collection and recycling of these materials,” of whom 84% refused.

When asked, finally, whether Arizona should levy new taxes or fees on the “energy used by motorists, ships, or commercial and residential households to pay for the infrastructure needed to house EVs,” 91% of respondents disapproved of the idea.

Do not make employees come again earlier than April: Dr. Vin Gupta

As January approaches, more workers will be returning to offices, not all at once and maybe not five days a week, but returns to work will begin in earnest for a larger proportion of the U.S. workforce in 2022, the Omicron variant of Covid does the high winter flu season pose new risks?

According to Dr. Vin Gupta, an intensive care pulmonologist and affiliate of the University of Washington School of Medicine, there are likely more reasons to keep current home-based employees out of the office until at least April or May than to bring them back soon.

Speak to members of the last week Executive Council of the CNBC Workforce During a virtual town hall, Gupta said that for companies whose employees currently mostly work from home, “I see no reason, no scientific justification, and certainly no psychological reason to move their workforce into a workplace environment before the 1st at the earliest.”

“Before April 1st doesn’t make a lot of sense to me,” he added.

A sign instructs employees to return to work for COVID-19 testing at the World Bank in Washington, October 19, 2021.

Jonathan Ernst | Reuters

Part of his view is based on his experience as a pulmonologist. The Delta variant is still causing many deaths in the US, mainly among the unvaccinated, and the Omicron variant is expected to become a major contributor in 2022. And those covid trends are happening during the uncertainty about the flu season and all the other respiratory illnesses, rather than viruses that exist during winter and take advantage of the cold, dry air. While the US suffered from the delta rise in midsummer, this is no reason to overlook the seasonal effect, but rather to consider that winter could get “absolutely worse”.

Based on data from South Africa and other places where early testing and sequencing is done, it is clear that there is a straight line regarding the cases detected over time, and this is different from Delta, which is a sharp climb but a little slower. “I think it is a matter of time before Omicron becomes dominant as it is the competing delta in places we believe originally originated,” said Gupta, adding that they are in the will become the dominant strain in the next few weeks and months.

the Britain confirmed its first death from the Omicron variant On Monday.

That means the US healthcare system is under stress and headlines are “not going to be nice” for the next few months. “Even if it is less fatal, more people are still getting it and the unvaccinated are frankly defenseless, they will end up in the hospital more often,” he said.

Many companies are delaying plans to return to their offices, but not just because of omicron. Apple has postponed its return until February, even before the news from omicron got known. Since the release of the new variant, Google has postponed a scheduled return date to January 10th.

“If people here are looking for a clear deadline, I would start planning my return to the office in the second quarter,” Gupta told CNBC WEC members.

The pulmonologist said the psychological reasons for the delay in returning to office were as strong, if not stronger, than virology’s.

“Psychologically, we’re not going to be in a place where we feel particularly safe, especially given the headlines that continue to dominate on omicron. And I think that won’t wear off until April 1,” Gupta said. “Hopefully April 1st will be a pivotal point for me psychologically, we have the cold and flu season behind us, we have the worst of Delta plus Omikron behind us,” he added.

Part of his mindset on April 1st is that it is a date by which the uptake of Covid booster vaccinations, as well as the uptake of the first vaccinations, will be significantly stronger in the wider population. And there could be other cities that are following New York City’s lead and making the vaccine mandatory.

“I think we will make more progress,” said Gupta.

There is currently a way to proceed safely, Gupta said in a Friday interview with CNBC’s “Closing Bell” when companies create a “vaccine bubble” – which requires all officers to deliver three Covid vaccine shots, including a booster receive.

“A lot of companies that have developed vaccine bladders have done well and that’s three shots,” Gupta said.

ONE new study from Oxford University showed that people with two doses of Pfizer-BioNTech or Astra Zeneca can still be infected with omicron. The leading U.S. expert on infectious diseases, Dr. Anthony Fauci said in a television interview on ABC on Sunday that three doses including the booster are “optimal care”, but the US government is not going to change its definition of “fully vaccinated”.

With Covid deaths still at 10,000 a week in the US and as of Friday Omicron has been discovered in 25 US states“Probably the best scenario is that deaths there stagnate for at least a few months, and that’s one of the reasons why non-blistering companies should tell their employees they don’t have to return until April or May,” Gupta said .

Did you miss this year’s CNBC At Work Summit? Access the full sessions as needed https://www.cnbcevents.com/worksummit/

Unvaccinated People falsely say want for boosters proves Covid vaccines do not work

Jason Armond | Los Angeles Times | Getty Images

Protesters opposed to masking and compulsory vaccination for students gather outside Los Angeles Unified School District headquarters as board members voted for all children 12 and older in Los Angeles public schools to be fully opposed to COVID-19 by January Must be vaccinated to be vaccinated on Thursday, September 9, 2021 in Los Angeles, California.

Kaiser surveyed 1,519 randomly selected adults September 13-22 after the Biden government announced plans to introduce booster doses for all Americans, but before federal health officials recommended booster doses for people 65 and older and those at high risk of disease.

Disagreements over vaccines in general remain largely biased, the survey data shows: 90% of those who are Democrats say they received at least one dose of vaccine, compared with 58% of Republicans.

This breakdown by political identity has remained constant at around 30 percentage points since vaccines became widely available in the spring, Hamel said, although other gaps by race and ethnicity have narrowed.

The surge in Covid cases, hospital admissions and deaths from the Delta variant was the main driver of a recent surge in vaccinations, the survey found, with the largest increases in vaccination rates between July and September among Hispanic adults and ages 18-29 Similar proportions of white, black and Hispanic adults reported having been vaccinated at 71%, 70% and 73%, respectively, and reported having received at least one vaccination. Hamel noted that a separate Kaiser analysis of government-reported data The study published last week found that black and Hispanic Americans were less likely to have received a vaccine than white Americans, but that inequality between groups decreased over time.

The political divide over vaccines extends to the public’s plans to get a booster, as 68% of Democrats said they would “definitely” get one if recommended, almost twice as much as the proportion of Republican respondents.

The vast majority of fully vaccinated adults overall said they would “definitely” or “likely” receive a booster vaccination if recommended by the Centers for Disease Control and Prevention and the Food and Drug Administration.

the The FDA approved the Covid-Booster vaccination from Pfizer and BioNTech on Wednesday for people 65 and older along with other Americans at risk. On Friday, CDC director Dr. Rochelle Walensky authorized the distribution of boosters to those in high-risk professional and institutional situations who override an advisory panel that voted against this proposal. She also endorsed three other recommendations from the group that paved the way for distributing boosters to people over 65, other vulnerable groups, and a wide variety of U.S. employees – from hospital workers to grocery store cashiers.

president Joe Biden received a booster vaccination on Monday, as his age of 78 qualified him for an additional dose under the latest CDC guidelines.

“Boosters are important, but the most important thing we need to do is get more people vaccinated,” Biden said before receiving his injection.

According to CDC data, about 75% of the eligible population age 12 and older in the United States have received at least one dose of vaccine, and nearly 65% ​​are fully vaccinated. About 2.7 million people have received a booster vaccination since health officials approved it for people with compromised immune systems in August.

The pace of Daily recordings taken over the summer As the Delta variant quickly spread across the country, the seven-day average of daily doses reported peaked at 954,000 on September 3. It has slowed since then, and the seven-day average is about 632,000 syringes a day than Monday.

Covid vaccines do not improve threat of miscarriage or delivery defects, CDC says

A pregnant woman is given a vaccine for coronavirus disease (COVID-19) at the Skippack pharmacy in Schwenksville, Pennsylvania, USA on February 11, 2021.

Hannah Beier | Reuters

Getting vaccinated against Covid doesn’t increase the risk of miscarriages or birth defects, officials from the Centers for Disease Control and Prevention said.

The CDC prosecuted 1,613 pregnant women who a Covid-19 Vaccine, 30% of which were vaccinated in the second trimester while the remaining 70% received their vaccinations in the third trimester, said Dr. Christine Olson, a doctor with the CDC, told the agency’s Advisory Committee on Immunization Practices on Wednesday.

These participants gave birth to 1,634 children, including 42 twins.

“We reviewed the currently available registry data and found no evidence of an increase in spontaneous abortion rates or any disproportionately negative birth outcomes in infants,” said Olson.

The 1,613 participants were part of the CDC’s v-safe pregnancy registry, which had 5,096 participants as of September 13. The CDC reported that 79.4% of the registry participants were white, 8.4% Asian, 8.1% Hispanic, and 1.4% black. About 65% were between 25 and 34 years old, 33% were 35 to 44 years old.

Olson cited a CDC study of miscarriage-related Covid vaccines conducted December 14 through July 19. The report included a 12.8% risk of miscarriage by 20 weeks of pregnancy in 2,456 participants who received Pfizer or Moderna vaccines while pregnant. This is the normal risk of miscarriage after adjusting for the mother’s age.

Of the 1,634 babies Olson examined, 99 were premature babies, 45 were considered small for their gestational age, and 158 needed an intensive care unit. There were no infant deaths in the group.

Only 45 babies in the group were born with birth defects, and Olson did not report any unusual types or clusters of birth defects to the panel. Covid vaccines are also not linked to stillbirth, said Dr. Elyse Kharbanda, a researcher from the HealthPartners Institute, who presented her results to the committee.

Kharbanda monitored pregnant, Covid-immunized individuals within the CDC’s vaccine safety data link from December to July and recorded 11,300 live births compared to 26 stillbirths during that period. Placental complications, obstetric complications, and maternal comorbidities were the main causes of these stillbirths, said Kharbanda.

“No worrying patterns related to timing of vaccine exposure or the etiology of stillbirths have been identified,” said Kharbanda.

The CDC reports that pregnant people are at higher risk for tougher Covid cases than the non-pregnant population. According to the agency, Covid also increases the likelihood of premature birth.

Do not Waste Your Cash: Landlord Disputes

(WHTM) – Imagine you have a water leak in your house or apartment and no one is going to fix it. abc27 has a warning for all tenants and what to do if a tenant is unable to fix their problems.

So what if a landlord doesn’t fix a problem?

Get daily news, weather and breaking news straight to your inbox! Register here for the abc27 newsletter!

Mia Manalili enters her rental house. At the top of the stairs is her daughter’s room, which Manalili says is uninhabitable because the ceiling is raining and collapsing. Manalili says her daughter was lucky the blanket didn’t fall on her while she slept.

“That’s the biggest thing I have because I have young ones,” said Manalili.

Don’t waste your money: home guarantee complaints

She says she complained about water leaks for months before the ceiling fell.

“I called her and said, ‘Hey, there’s a bubble,'” said Manalili.

She wonders how long it can take a landlord to fix a leaky room. She fears that the next heavy rain could cause the entire ceiling to collapse.

We turned to the landlord, who informed us in a statement: “The house has a slate roof and slate repair companies are supported. We hope to be able to fix it very soon. ”

Don’t Waste Your Money: Careful Airbnb Research

So what can tenants do if a landlord fails to fix a serious problem?

“The tenant should put this in writing,” said Dan McCarthy, real estate attorney.

Just before the pandemic, McCarthy said renters should send the landlord a letter, give them 30 days to resolve the issue, and visit the court to open an escrow account. In this way, tenants can legally withhold the rent.

Manalili says her daughter has nowhere to sleep. “It’s just not worth living,” she said.

Don’t waste your money: rental fraud is on the rise

A warning: no matter how bad the conditions in the apartment are, tenants cannot simply give up the rent, they can and will be evicted. As always, don’t waste your money.

Do not count on a 2011-style LSU protection, Ed Orgeron says, however count on an enchancment: ‘Make them earn it’ | Sports activities

THE ANGEL – Thirty years ago, while coaching the defensive line in Miami, Ed Orgeron helped oversee a defense with the same goal in every game: keeping the opposing team to less than 13 points.

Back then the idea was sensible.

Defense dominated football, and that’s how the Hurricanes often hit their targets. In 1991 they allowed 8.3 points per game, an undefeated season that ended in a national championship. Most of the points scored against her were 20 from Penn State.

But Orgeron has seen football develop firsthand. Offenses move in a hurry and score dozens of points. The defense tries not to play on their heels. He understands that the idea of ​​keeping another team at 13 points came at a different age.

“I don’t think that’s realistic these days,” Orgeron said. “Violations earn points.”

That’s part of what makes LSU’s season goal of improving defensively after a historically bad year so difficult. Orgeron wants the Tigers to eliminate explosive plays and keep opponents from scoring as many points – but what makes sense now given the attacking football?

Since Orgeron trained in Miami, college offenses have changed.

Quarterbacks below the center are a rare sight. There are hardly any huddles. Defenders have all but disappeared and have been replaced by extra-wide receivers.

LSU vs. UCLA: Our employees make their selection for the season opening competition of the Tigers vs. Bruins

The staff of the Advocate say the result of the season opening match with UCLA on …

Criminal offenses have evolved over the years. They implemented more vertical passes, used running quarterbacks, increased their pace between games, devised run-pass options, and spread out to stretch defenses across the field as they got more explosive.

“Everyone in college football is attacking the eyes of the defense right now,” said Georgia’s coach Kirby Smart, who served as the defensive coordinator for nine years. “

By and large, the defenses haven’t figured out how to counteract all of the changes.

In 2011, Alabama, the best defense in the country, allowed 8.2 points per game. LSU came second this year with 11.3 points per game. They met in the BCS title game.

Since then, Alabama’s lowest average score per game has been 11.9 in 2017.

But the Crimson Tide has also changed, the team is now defined by a spread offensive. Alabama finished outside of the top 10 in defense for the next three years. When winning the national championship last season, the Crimson Tide allowed 19.4 points per game.

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Orgeron knows how hard it is to stop crime these days, but the Tigers stayed well below their standards last year. The LSU gave up 34.9 points per game, had problems with communication and missed tasks under the then coordinator Bo Pelini.

After the LSU had reached the last place in the Football Bowl subdivision in the allowed yards per game (323), Orgeron replaced Pelini with coordinator Daronte Jones. Since joining the team, the players have said that he will connect better with them and wait for communication to fix one of LSU’s main problems last season.

“I have a feeling that this year this defense will be a lot better,” said Todd Harris, who was safe for the fifth year. “It’s easy. It’s easy. The boys can identify with it more easily. We can act fast. We can do plays.”

For his part, Orgeron hopes the simpler plan will help LSU eliminate explosive plays and the mental defects they cause.

The Tigers allowed 166 games of 10 yards or more last season, including 14 of 50 yards or more.

Orgeron believes that can improve.

He knows the defense can’t keep the teams down to 13 points or less in each game now, but he expects the LSU defense to play better. Football may have changed. He still doesn’t accept what happened last season.

“I want to take care of what we can take care of,” Orgeron said. “Eliminate the big moves, explosive moves. Eliminate the mental defects. And play defense. Run to the soccer ball, grab a hand and make them deserve it. “

You don’t want a MacBook for faculty — Save your cash for the nice instances

To go to college? Here’s why you don’t have to buy a MacBook to be a proper student.

Congratulations! You have the grades you need to take the next step and go to college or university. Chances are you’ve been busy preparing for the big campus move by buying everything you need.

If you haven’t started already, don’t worry, we did the hard work and found the best back to the school offers (Click here if you live in the UK). When you arrive on campus, you will notice a sea of ​​glowing apples. Granted, that doesn’t happen that often these days as Apple ditched the backlit logo, but you get the idea.

You’ll see lots of MacBooks in classrooms and feel the FOMO-esque temptation to get your own. But take it from me, don’t do it! Yes, the MacBook Air and MacBook Pro are fantastic laptops, but you really don’t have to spend that much on a notebook to get through school and your first full-time job.

Speak from personal experience …

Macbook

(Image credit: Laptop Mag)

Here was my whole pride: the plastic MacBook. It was a damn good laptop with decent battery life, good durability, and a nice keyboard. The specifications included a 2.4 GHz Intel Core Duo CPU, 2 GB RAM and a 250 GB HDD. When I think back to those days while I was working hard on my flash M1 MacBook Pro makes me feel ancient! Oh and yes, despite my advice in this comment, I currently own and love my MacBook.

Most people who pick up a MacBook do so for two reasons: it was the de facto choice for creative professionals, and they were drawn to the bright logo and simplicity of macOS.

But what did I use mine for? Typing essays, going through Spotify and YouTube rabbit holes. I could have done this on laptops that were a fraction of the price, and even after I finally taught myself to use Photoshop, working on the Adobe app didn’t require the most expensive notebook – cheaper options would have been perfectly fine.

Still, I had to buy one. I fell for marketing. I collapsed under peer pressure. The 10% student discount was more tempting than the price, and of course I’ve had a lot of fun with it over the years, but the purchase flushed my bank account and kept me permanently in my overdraft, compounded by Freshers’ Week and the week ahead Rush of nights.

Jason England

Caption: Here I am looking at the drinks I could happily afford. (Photo credit: Jason England)

Most of you are likely to have jobs identical to mine or, if you need a little more, access to machines on campus with the necessary electricity. Aside from paying off the university loan, it took me a long time to get my finances back into the black after paying off the bite.

While choosing the right laptop is important for every student, it doesn’t mean you have to pay for a laptop beyond what you actually need.

What would I recommend instead?

Good question! I can’t just tell you not to buy a MacBook and then give you no buy recommendations. If you live in the UK I have a list of them The best laptop deals for back to school.

And yes, there are two MacBooks on this list. You deserve the freedom to choose one when you have the money to afford one or when you have use cases beyond what a cheaper laptop can do.

HP Envy 13 (2021) review

The HP Envy 13 is a great student laptop. (Image credit: Laptop Mag)

But if I had to get out of it best college laptops As for myself, you could get away with a decent Chromebook for the bare minimums. On the Windows side, HP Envy 13 or Envy x360 13 are ideal options when you need an ultra-portable device with versatility.

My advice? Do not do it

What I am saying here comes from my personal experience. For others, even some Laptop Mag employees, these alternative laptop recommendations may look different. And of course, many people absolutely loved their time with a MacBook over the years in education, and that’s absolutely fine!

But most of the people who go to college are on a budget. There is lots of fun to be had during your college or university time, and much of that fun requires money – from dinners with friends to club nights. You don’t have to follow the herd and waste all that money on an Apple laptop unless you can seriously prove you need one. If you decide to do something else, do not burden your bank balance any more than in student life.

So take my advice on three things. Smoking a pipe doesn’t make you the most interesting guy in the smoking area, it makes you look like an idiot; If someone is attracted to you, they will not care about your braces, which you should wear as a token of pride; and a MacBook isn’t essential for a fulfilling student experience.

How To Get Began Investing When You Do not Have A lot Cash

Many new investors fear they will make a mistake and fear that they will not have enough money to start buying stocks. But you can buy your first stock without having a lot of capital, and one way to get started is by looking for companies that have brands that you know and love.

In this Motley Fool live video recorded on July 23rd, Fool.com editor Desiree Jones interviews Wealth noir Founder Damien Peters on everything investors should know to get started buying stocks even if you don’t have a lot of cash to spare.

Desiree Jones: I’m just learning about investing and I’m talking about money. When I was growing up, my parents didn’t tell me about investing. I have to learn to invest myself so I’m happy to be a part of The Fool because I can learn and grow. Talking about money in the black community is very important, right now during the pandemic. I will try to stay with you. I am still new. I’m new to investing and honestly personally I don’t think I can afford to invest because I’m working on my personal finances and all that, so let’s talk about some budgeting practices, do you think? can help when it comes to money.

Damien Peters: Ironically, I always tell people outside of the budget to make more money. This can be as simple as asking for a raise or getting very smart about your own compensation and whether or not you should change jobs. But a big way I’ve built money and we often talk about a job at the company being bad or holding you back, but the truth is that it funded much of my ability to build wealth. I was focused on my career and I was able to do that. But besides, I always had more than one job. I always had a sideline. I always built something on the side. Besides the wealth where I work, I have two other jobs that I work in so making more money, there are a lot of opportunities out there and people should be comfortable using these tools and skills and what they are used to Have available to increase the income they make. Some of the other things are things that you will hear all the time from anyone who talks about personal finance. Spend less than you make. Save and increase your savings rate. One thing I would tell you is that you feel like I can’t afford to save, but even if you started at $ 1 a month, something very, very small, the point is that You expand your knowledge. It increases the attention you are paying there, and if you are comfortable investing more money, you are not trying to figure out what to do with that $ 10,000. They’ll say, “Oh, great. I worked $ 1 a month, then $ 10 a month,” whatever it is. Enter the market, start investing and growing, and I always tell people, either start with what you know or just start with something really boring. Invest in the entire US stock market with a ticker symbol and there are great sources out there like The Fool that will really help you with the due diligence and some info on specific companies that you may not have considered or a location that you may not have thought of. Life in your circumstances is included. It’s very, very easy to make $ 500,000 and spend $ 550,000. Lifestyle creep is very persistent. It was something I worked on a lot in my life between 2012 and 2015. So by the time I graduated from high school and worked at Facebook, my income had quadrupled over the year along with my wife’s, but we were still living on roughly the same budget at the beginning. What I found was that I had all of this extra income and that I could put the capital in and invest in other places. One thing I could do with that capital and fortune was take time off from work and actually move to Spain for two years so I could enjoy that. It really makes sense to understand the amount of money coming in, understand and manage your expenses, and invest the difference wisely. Really important, and then some of the other things that I hope everyone has heard of about an emergency fund. The truth is, even when it comes to your investment, you don’t want to withdraw from it because your car breaks down or anything like that. When there’s a big downturn, you don’t want to be openly nervous because you really live off of it or need that money, so have an emergency fund for three to six months just in case there is a downturn. In the event that there is a health situation that brings everything to a standstill, then it is really important to prioritize high-interest debt above all. Credit cards, number one up there. I usually say when the percentage you pay on your debt is low, 3% to 4%, things like that. It might not be the most important thing to prioritize this instead of investing that money, but if you pay 15%, 20%, 25%, 30% on any type of debt, you get rid of that because that is a burden on yours entire portfolio that needs replenishing somewhere.

Jones: At The Motley Fool, we’re about empowering everyone to invest for the long term. What should millennials and people of color know about getting started with investing?

Peters: Going back to something you said is starting with it. It’s now a lot easier to start with small amounts of money. Many companies offer fractions of shares; you don’t have to buy a whole share if you can’t buy everything. There are online apps that make investing and understanding very easy. You can take a small amount of money and go if you don’t know what to invest in, invest in everything and again buy ETFs, index funds for the whole market. But you can also handle staples that you know and love. People invest in Nike (NYSE: NO) because they love Nike, people invest in coke (NASDAQ: COKE) because they drink Coca-Cola. In most cases, if you keep investing and keep doing it and have a long-term perspective, it is relatively difficult to actually lose your money or lose money when investing in good companies over the long term. Automate your investments, you don’t want to think about it. Have your retirement savings come straight from your paycheck, pour the money into your bank account, have a portion go straight to your brokerage account or investment account or emergency fund, and then move from emergency funds to another location. But there are many ways to get started. Stocks are a very, very easy way to go. A lot of the people I’m going to speak to really want to invest in real estate, want a rental property, but they have to save $ 30,000 to $ 40,000 or $ 10,000 to get in, or they have to learn a lot. In the meantime, I tell them, “Invest in stocks, use a robo-advisor, buy index funds.” Use your money so that when you are ready for the next step or investment, it will grow and actively work in the background. Right now in a time of uncertainty, when a lot is happening. Now is a good time, as always. The best time to invest is now, or yesterday, I should say. As the old saying goes, “Time in the market almost always beats the timing of the market.” By investing, staying and participating early, you are truly unlocking wealth rather than trying to find the hot swing trade.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – even one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.

‘We Do not Wish to Lose Cash’ – Pep Guardiola Delivers Robust Response to Man Metropolis Spending Critics

The Premier League champions expect a sensational fall for Tottenham striker Harry Kane after securing the arrival of Aston Villa’s Jack Grealish for a club record £ 100m in early August.

Ahead of the Manchester team’s league opener against Tottenham on Sunday, the Catalan coach was asked about the Liverpool manager’s remarks on the way several top English clubs invested in their squads during the summer transfer window.

Chelsea broke their own record transfer amount by signing Inter Milan’s Romelu Lukaku for £ 97.5m, while Manchester United spent more than £ 110m to win Jadon Sancho and Raphaël Varane ahead of the new season.

CONTINUE READING: The city is “confident” to get the second £ 100 million signature this summer

CONTINUE READING: Midfielder is approaching City exit with Serie A as a target

“I don’t judge other clubs by what they do; they do what they believe. Some owners want to profit, our owners don’t,” Guardiola said in his pre-game press conference, quoted by Manchester evening news.

“You want to reinvest in the team. We invest what we can invest. We could spend £ 100m on Jack Grealish because we sold for £ 60m. In the end we spent £ 40m (net) the club said to me. I don’t know what will happen in the future. “

City’s antics in the transfer market have come under heavy scrutiny over the years, but Guardiola insisted that the Premier League champions abide by Financial Fair Play (FFP) rules.

CONTINUE READING: City fans recognize a possible important striker transfer tip during training

CONTINUE READING: Riyad Mahrez gives an honest admission of the performances in 2020/2021

The 50-year-old added, “We have limits to financial fair play. If you (the city’s transfer critics) disagree, you can file a statement in court and we will defend ourselves. Financial fair play is the rule.” for us, and we absolutely obey the rules, what happened in the end was that we were innocent in 2014, I believe, and we are now in 2021.

“Every season we (City) pass the FFP. I say the same thing, there are owners who want the advantage for themselves. Our club, of course, they don’t want to lose any money, if they can spend money we can do that.” A few years ago other clubs would always spend a lot of money for a lot on multiple players.

“We (the city) spend because we can, we don’t spend if we can’t. In the end, we have to present the balance sheet and say that is who we are, what we have and what we can do . “

Follow us on Twitter for live updates: @City_Xtra