Self-Made Millionaires Are Replacing Trust Fund Babies

The time of the trust fund baby is over, and the era of the self-made millionaire is just beginning.That’s the latest from a new Federal Reserve report on consumer finances. Wealth is steadily growing across America, even in families not historically tied to high income or stocks.The Federal Reserve reported that the average net worth of American families finally passed $1 million for the first time this year, growing 42 percent from $749,000 in 2019.

‘Also, learning to code enabled me to turn my vision into reality, giving me a distinct edge.’What Makes a MillionaireAmericans are largely entering this new millionaire title due to their college educations and investments, experts say.

Today’s Millionaires Are Young and Self-MadeThe millionaires of 2023 are younger and far more likely to be self-made than in decades past. Read more ⮕

Patriotic Millionaires on Republican Bill to Cut IRS Funding for Israel Aid“Read my lips: no cuts to IRS funding.” Read more ⮕

MMA-trained rabbi teaches guns, self-defense to Jewish community as Israel war ragesLos Angeles Rabbi Yossi Eilfort launched Magen Am, a nonprofit that trains rabbis, the Jewish community and volunteers on gun safety and self-defense. Read more ⮕

Ask Amy: Self-proclaimed “happy drunk” considers quitting drinkingShould he get sober after almost six decades of drinking too much? Read more ⮕

End-of-year tax tips for the self-employedHere’s a few things that self-employed workers should know about tax deductions, contributing to an IRA and paying estimated taxes Read more ⮕

2 Essential Aspects Of Self-Care You Absolutely NeedI’m Nancy F. Clark the curator of Forbes WomensMedia, bestselling author of The Positive Journal, and Founder of NancyFClark.com. Read more ⮕