What is The Difference Between Salary and Hourly Pay?

the difference between salary and hourly pay

An Overview of Salary and Hourly Pay Work-related compensation can take many different forms. Salaries and hourly wages are two of the most popular forms of compensation. A salary is a fixed sum of money that is paid regardless of how many hours you work. Employees who receive a salary are not eligible for overtime … Read more

Retirement Plan Tax Prep Checklist

Retirement Plan Tax Prep Checklist

Qualified retirement plans and individual retirement accounts (IRAs) enable you to save for retirement while minimizing your tax burden. Earnings from contributions grow tax-deferred or tax-free in Roth IRAs and Roth 401(k)s. When it comes to tax time, be sure you are up to speed on all regulations. Check The Contribution Deadline You have until … Read more

Why Elon Musk’s $55.8 Billion Compensation Package From Tesla Was Struck Down by The Judge

elon musk x tesla ceo

Tesla (TSLA) shares recovered from early losses in intraday trade Wednesday after a Delaware court found Chief Executive Officer (CEO) Elon Musk’s $55.8 billion remuneration plan excessive. The Chancery of the State of Delaware, an equity court that resolves disputes involving Delaware corporations, sided with an investor who sued over Musk’s compensation, writing that “the … Read more

How to Build an Emergency Fund Quickly

How to Build an Emergency Fund Quickly

Learning how to build an emergency fund is the first step toward putting your finances in line. You’ll sleep better with some cash in the bank, and most importantly, you’ll be able to focus on longer-term (and more interesting) financial objectives. This guide will teach you everything you need to know about an emergency fund, … Read more

Dave Ramsey Baby Steps Review: A CFP’s, Pros & Cons

Dave Ramsey Baby Steps

Are Dave Ramsey’s Baby Steps suitable for you? Dave Ramsey’s Baby Steps is one of the best-known financial planning concepts.  The framework’s popularity stems from its simplicity. Simply follow the instructions in order, checking off each one before moving on to the next.  But the major question is whether you should use the Baby Steps … Read more

How to Make a Financial Plan in 7 Steps

How To Make a Financial Plan in 7 Steps

According to a joint poll conducted by the Consumer Federation of America and the CFP Board, 48% of households having a financial plan characterized themselves as “living comfortably.” Those without a plan shared this emotion only 22% of the time. This guide explains seven basic stages for creating a financial plan, regardless of your income … Read more

Super Micro Stock Rises 10% on AI-Powered Earnings Growth and Big Annual Guidance Raise

super-micro-computer-shares-surge-ai-server-demand-powers-big-forecast-raise-2024

The significant growth in artificial intelligence applications is driving demand for the company’s application-optimized servers. Super Micro Computer (SMCI 4.22%) shares rose 10.5% in after-hours trading on Monday after the computer server expert issued a super-strong report for the second quarter of fiscal 2024 (ending December 31, 2023). The market’s favorable reaction was partly due … Read more

5 Secrets to Build Generational Wealth From Scratch 

5 Secrets to Build Generational Wealth From Scratch

Building generational wealth is not about being lucky or outperforming the stock market. Here are five ideas for increasing your net worth and ensuring that you leave assets for future generations. Individuals and families are increasingly considering the concept of generational wealth. The greatest wealth transfer in history is currently underway, with Baby Boomers passing … Read more

How Money Can (Really) Buy Happiness

How Money Can (Really) Buy Happiness

It is critical to not only accumulate more money, but also to spend it in ways that bring enjoyment. People who live in or near poverty may find it challenging to be happy. If you’re worried about having a roof over your head, it can be difficult to remain cheerful. But even millionaires are sad. … Read more

5 Steps to Start Investing as a Teenager

start investing as a teenager

Time gives teenagers a significant advantage over those who begin their investment journey later in life. Albert Einstein once stated, “Compound interest is the eighth wonder of the world.” “He who understands it earns it; he who does not, pays it.” Compounding’s potency stems from its long-term impact. The longer you let an investment compound, … Read more