Tag

Financial Discipline

All articles tagged with #financial discipline

personal-finance2 years ago

"Lottery Winner Keeps Kids in the Dark: Dave Ramsey's Surprising Approval"

A man who won a $22 million lottery jackpot two years ago has chosen not to tell his teenage children about his windfall, fearing they may become dependent on the money. The man, known as John, made this decision after researching the experiences of other lottery winners who often faced financial difficulties due to overspending and requests for handouts. John and his wife have hired a team to help them with investments and plan to live within their means. Financial expert Dave Ramsey praised their discipline and advised them to increase their enjoyment of the money while also being generous.

personal-finance2 years ago

"AI Scientist Saves 64% of $250K Salary"

Hassam Sheikh, a 33-year-old AI research scientist, earns $250,000 per year and saves 64% of his income. Sheikh's journey began with a small sum of $2,000 when he immigrated to the U.S. to pursue a Ph.D. in computer science. Despite living frugally as a student, Sheikh's career in AI research has become lucrative. He saves diligently, manages his spending strategically, and has accumulated significant savings. Sheikh's goal is to reach $10 million in savings, retire early, and travel the United States.

business2 years ago

Coinbase beats Q1 expectations with revenue and cost cuts.

Coinbase's Q1 2023 results beat expectations, with a net loss of $79 million, down from $557 million in Q4 2022, and a 22% increase in revenue to $736 million. Transaction revenue from its institutional base increased 66% to over $22.3 million, while transaction revenue from retail investors increased 14.1% to $352.1 million. Interest income and blockchain rewards from staking brought in the most revenue for the quarter. Coinbase is inching closer to profitability and is working towards being more financially disciplined.