Tag: Youre

What to Do if You’re Approaching Retirement With Credit Card Debt

Too many people are letting credit card debt eat away at their retirement dreams.

Going into retirement debt-free is ideal, but unfortunately, it isn’t always possible. According to a study on credit card debt statistics done by The Ascent, the people with the most credit card debt are those aged 50 to 59 — just years from retirement age.

With the high interest rates on credit cards, carrying that debt into retirement can mean drastically less disposable income when you need it most. It can even mean drawing from your retirement accounts at a faster rate than planned and potentially running out of money. If you’re nearing retirement age with credit card debt, here’s how to get on top of the situation.

Focus on high-interest debt first

Your first priority should be paying off high-interest debt — an interest rate above 7% — such as credit card debt.

While it

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The No. 1 Reason You’re Not Experiencing Consistent Revenue in Your Business


6 min read

Opinions expressed by Entrepreneur contributors are their own.


Spend any amount of time in entrepreneurial social media groups and you’ll get a glimpse into the things that are happening in entrepreneurship.

You’ll see entrepreneurs posting screenshots of five- and six-figure months. You’ll see leaders talking about experiencing their highest-revenue months. You’ll see experts left and right offering advice. You’ll even see a few entrepreneurs posting about their struggles. 

While looking successful on social media can feel good for a while, it’s not the path to building a business that creates financial security and options for an entrepreneur. One-hit wonder months aren’t sustainable and will have an entrepreneur frustrated by the lack of return for the effort they’re putting into building their business. 

While entrepreneurship isn’t the same as having a traditional job, there are strategies an entrepreneur can use to create consistent revenue. 

Related:

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If you’re looking to build an online brand, this virtual training will teach you how to make it happen

MarketWatch has highlighted these products and services because we think readers will find them useful. This content is independent of the MarketWatch newsroom and we may receive a commission if you buy products through links in this article.

While mid-pandemic may not seem like a good time to start a new business, it may actually be a good time to start a new online business. According to Harvard Business Review, the economic impact of COVID-19 has caused “major shifts in behavioral trends“, which includes “seeking more in the way of escapism and entertainment” by “spending even more time on social media.” With more people online and on social media than ever before, it’s a good time to get your business online — but there is a right way and a wrong way of doing this.

If you’re interested in promoting your business on social media the right way, The All-In-One

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How to land a job in online gaming or esports if you’re not an engineer

  • The esports and online gaming industries have boomed in recent years, as major companies like Amazon, Google, Gucci, and more have activated esports sponsorships and brand deals.
  • Business Insider spoke with executives and professionals in esports and online gaming for advice on landing a lucrative role in this emerging industry if you’re not an engineer.
  • Grow a deep knowledge and passion for games and the cultures around them by digging into online communities, attending conferences, and following gaming influencers on social media.
  • Pick a highly coveted skill — such as artificial intelligence or analytics — and develop an expertise in it. If you’re transitioning into the esports space from another field, highlight transferable and valuable skills from your past jobs. 
  • The industry is always looking for ways to grow in unexpected and innovative ways, providing ample opportunity for aspiring entrepreneurs to consult, open agencies, or start other businesses. 
  • Visit Business
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Best ways to use credit card points and miles if you’re not traveling

Business Insider recommends credit cards based on their overall value and ease of use. Sometimes, we receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our choices are always independent and objective.

  • If you have a stash of airline miles or credit card points, you can still redeem them even if you’re not traveling anytime soon.
  • Alternative redemption options include cashing them in for gift cards or donating to a charitable cause.
  • You could even be able to use credit card rewards to pay your bill or cover purchases you’ve already made.
  • Fortunately, cash-back credit cards usually offer statement credits, which are easy to use whether you travel or not.
  • See Business Insider’s list of the best rewards credit cards »

The World Tourism Industry estimates that, by the end of the year, international tourism will show a drop between

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PFI newsletter: Start small and simple if you’re a new investor

Welcome to Personal Finance Insider, a bimonthly newsletter that connects you with the stories, strategies, and tips you need to be better with money. 

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iStock; Alyssa Powell/Business Insider


 

Here’s what: You have to start somewhere

I’m thrilled to share that we’ve launched the latest installment in our yearlong series, Master Your Money. It’s all about investing as a millennial.

We surveyed over 2,000 21-to-38 year olds about their investing habits; convened our Money Council, made up of financial professionals from various backgrounds; and dug deep into trends to bring you insight into how this generation is building wealth — and how you can, too.

If you’ve lost a job, any source of income, or a loved one because of the pandemic, investing probably has not been top of mind. But as we move toward a recovery, it’s high time to consider — or rethink — how investing fits into your

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