Updated on March 15, 2018 When you think of celebrities and business tycoons, lavish lifestyles with private jets and yachts typically come to mind. That’s why it’s not surprising when you hear about a star facing bankruptcy after blowing through their millions. But some wealthy people, despite their cushy bank accounts, live relatively frugally. For example, … Continued

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“Ask Brianna” is a column from NerdWallet for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans — all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com. This week’s question: … Continued

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Superinvestor Seth Klarman has famously said that investments are assets that produce cash flow. If they don’t, they’re speculations. It’s a simple but astute observation that undercuts what many consumers consider investments — things like gold and handbags and baseball cards. So what’s the logic behind Klarman’s quote? Investments are assets that provide goods or … Continued

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