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A financial coach who’s worked with hundreds of clients says 3 things helped her build her own wealth

Summary List Placement  A financial coach who teaches people how to use money says that investing was a key way she built her own wealth.  Another key was learning the difference between when to spend and save, especially on purchases that are more 'wants' than 'needs.' She learned to value and prioritize purchases that can help her grow wealth above buying things that lose value with time.  Check out Vanguard Personal Advisor Services® to get the investment advice you need to help build the life you want » Building wealth isn't easy, and for most people, it takes time.  But for some, having a few good habits can help accelerate the process. Financial coach and author Tomeka Lynch Purcell has taught hundreds of people how to spend, save, and invest, but before that, she went on her own...

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Biden vows not to make ‘false promises’ about outbreak

By Will Weissert, Aamer Madhani and Alexandra Jaffe | Associated Press LAS VEGAS — Joe Biden said Wednesday he’s “not running on the false promises of being able to end this pandemic by flipping a switch” but would prioritize science, while President Donald Trump used the race’s final days to keep up a whirlwind campaign schedule aimed at focusing on anything but the cornavirus. The Democratic presidential nominee tried to keep the focus on health care, arguing that a Supreme Court conservative majority stretched to 6-3 by newly confirmed Justice Amy Coney Barrett could dismantle the Obama administration’s signature health law and leave millions of Americans with preexisting conditions devoid of insurance coverage. Biden kept most of his focus on the virus, saying Trump’s handling of the

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American will lose its crown as the biggest US airline and could fall behind Delta and United as it struggles to pay off $38 billion in debt (AAL)

Summary List PlacementAmerican Airlines will face a transformed landscape when the nation's airlines emerge from the coronavirus pandemic, likely losing its coveted crown as the country's biggest airline. As it passes the crown, it risks falling behind rivals in the planning of a post-COVID world.  American was the largest by several measures in 2019, including passengers carried, fleet size, and revenue passenger miles, a financial metric used to measure airline efficiency. With the airline industry in disarray as the novel coronavirus pandemic rages on, major carriers in the US are beginning to diverge in a way that has not happened since the recovery from the 2008 economic crash. While every airline has been severely impacted, with recovery to 2019 levels of travel demand not expected...

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Southwest Airlines to offer 20 flights a day from O’Hare starting Valentine’s Day

Southwest Airlines will expand its Chicago service to O’Hare Airport on Valentine’s Day. | Getty Images The Dallas-based airline will offer flights from O’Hare to cities such as Baltimore and Denver while maintaining its 200 flights a day at Midway. Chicago travelers will be able to fly Southwest Airlines out of O’Hare Airport beginning on Valentine’s Day, The airline’s initial flight schedule from O’Hare has 20 daily departures to Baltimore, Dallas, Denver, Phoenix and Nashville, Tennesee. While the pandemic has limited flying, it allowed the airline to expand its services to O’Hare, the company said. Southwest Vice President Andrew Watterson said the additional service is expected to help Southwest maintain its strong Chicago base while making it more convenient for new travelers...

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PSPS: Power back on for nearly all of Bay Area

Nearly 72 hours after it initially cut power to thousands in the Bay Area, Pacific Gas & Electric says only a handful of customers will remain in the dark much past noon Wednesday. On Sunday, the utility company began widespread public safety power shutoffs with powerful Diablo winds and extremely dry conditions forecasted that night. By Tuesday evening, the company had restored power to 97% of those whose lines went dark, while averting sparking any new fires. However, approximately 1,000 customers — mostly in Sonoma County — were still unable to turn on their lights Wednesday morning, according to the utility’s outage map. Before PG&E allows electrical currents to flow again, crews are required to inspect all of its lines in the affected area for damage. Those inspections began ...

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Homes evacuated by Silverado, Blue Ridge fires worth $6.4 billion

Firefighters are working to protect Orange County homes with average market values adding up to $6.4 billion, according to Realtor.com. The Silverado and Blue Ridge wildfires this week have forced evacuations from some pricey real estate. Realtor.com analysts used county evacuation maps to find 7,152 owned homes — with an average value of $900,000 — in the neighborhoods with mandatory exits as of Wednesday morning. The analysis did not include valuations for any commercial real estate. The Silverado fire, putting homes primarily around Irvine and Lake Forest at risk, forced evacuations of 4,122 homes with a combined market value of $3.3 billion — an average of $800,000 each. Remember, that value includes land. Replacement costs would be far lower. Related Articles An exo...

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10 charts that show how the coronavirus has changed Americans’ spending, saving, and future financial plans

Summary List Placement  The coronavirus changed almost every facet of American life, and it's changed a lot about how people manage their money, too.  Americans felt the economic effects of the pandemic differently, with younger people and families of color facing the most job loss. To make ends meet, families turned to savings, emergency funds, or borrowed from retirement savings, and many estimate it will take months to recover financially. Those who didn't lose income changed their spending habits, and home sales skyrocketed, along with savings rates.  Americans who were hurt the most by the pandemic's financial consequences are also most afraid of another wave of the virus. Sign up for Personal Finance Insider's email newsletter here » In many ways, the US was in a period of economi...

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How to navigate pre-election market madness — and how to trade a K-shaped recovery

Summary List PlacementHello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. Dear Readers, Judging by yesterday's drastic sell-off, pre-election market jitters are in full effect. And as investors contend with record-setting COVID-19 infections and uncertainty around economic stimulus, it's clear this is not the usual run-up to an election. With so many cross-currents to monitor, it can be confusing to know how to invest. For instance, a trade that capitalizes on coronavirus vaccine progress may be outdone by a specific election scenario. There are markedly few clear-cut outcomes. The Investing team at Business Insider realizes this, and has been busy identifying investing re

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Photos: Napa Valley mansion owned by Kansas City Chiefs tycoon gets $8 million price cut

The price of a Napa Valley vineyard ranch owned by Norma Hunt and the late Lamar Hunt — sports pioneer and longtime owner of the Kansas City Chiefs — has been reduced by $7.95 million to $12 million. Click here if viewing from a mobile device. The four-bed, four-bath home spans 6,615 square feet and sits on 40 acres of ranch and vineyard along the banks of Bidwell Creek in Knights Valley. The property’s grapes are sustainably cultivated and the vineyard is lauded for its Cabernet Sauvignon wine production. The home is listed by Compass agent Christine Krenos. This is the first time the property has been for sale.Related Articles Photos: Antonio Brown trims price on Bay Area mansion Photos: Robin Williams’ Tiburon mansion for sale for $7.25 mill...

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The email template one freelancer uses to get her pitches accepted at major publications, and her tips for getting on editor’s good sides

Summary List PlacementEven after years of writing, pitching article ideas still makes me want to vomit. It's that one part of the writing process that makes me insanely nervous and no matter how many bylines I have, I never think it's perfect enough. The great thing is, as a writer, your pitch doesn't have to be perfect. A pitch is a carefully crafted summary of an article idea that you have for a publication, and you're not always going to be able to fully convey everything in your head to someone else. However, with the right tools plus a little courage and consistency, you'll become more comfortable and successful with pitching .  Here's how I got good at crafting my pitching as a freelance writer. I sent crappy pitches. In order for me to get good at crafting pitches, I sent some pit...

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You can now apply to work remotely from the Cayman Islands — if you earn more than $100,000 a year

Summary List PlacementWorkers looking for a change from their home office can now live on the Cayman Islands — if they earn at least $100,00 a year, CNBC reports. The Global Citizen Concierge Program, which applies to all three islands, allows people from around the globe to apply for a 2-year certificate that enables them to work there. With many people getting the green light to continue remote work, the opportunity to do some from the Caymans will likely catch the eye of some of them. "Having reduced the threat of COVID-19 to near zero, the Cayman Islands offers the perfect oasis for persons with a remote working lifestyle to experience the Caymankind way of life," Moses I. Kirkconnell, Deputy Premier and Minister of Tourism for the Cayman Islands, said in a statement.  Since the pan...

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Public defender appointed for man charged with murdering Sherry Black

Salt Lake County District Attorney Sim Gill, left, announces aggravated murder charges against Adam Antonio Spencer Durborow, 29, pictured on computer screen, in the 2010 death of Sherry Black during a press conference at the district attorney’s office in Salt Lake City on Monday, Oct. 26, 2020. Gill was joined at the event by other officials involved in the case. | Steve Griffin, Deseret News SALT LAKE CITY — A judge has appointed a defense attorney for the man charged this week in the 2010 stabbing death of bookstore owner Sherry Black. Adam Durborow, 29, of Orem, faces a charge of aggravated murder, a capital offense. He declined Judge Mark May’s offer to provide more details about the charge during a brief arraignment hearing Wednesday in Salt Lake City’s 3rd District Court. “No s...

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Prop 22: Both sides throw last-minute millions into close fight

Bay Area “gig-economy” companies fighting state law and court rulings that would force them to classify their workers as employees have pumped another $9 million into their massive push for Prop. 22, California’s most expensive ballot initiative ever. The total spent in the record-breaking campaign is now nearing $230 million. Prop. 22’s supporters have raised about $208 million while opponents, mostly labor unions, have reported about $19 million, including a blizzard of late contributions topping $3 million. If approved, Proposition 22 would override California’s AB-5 law requiring most gig workers — including drivers for Uber, Lyft, Instacart, DoorDash and Postmates — to be treated as employees, with corresponding benefits such as a minimum wage and overtime. Recent polling showed the m

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Ban on sitting, lying down, sleeping in public areas to be taken up by the LA City Council

A proposal to ban people from sitting, sleeping and lying down on along streets and sidewalks in Los Angeles — fueled by residents’ persistent complaints about encampments — will be taken up by the Los Angeles City Council, amid growing outcry from homeless advocates. The proposed ordinance would prevent people from staying in public areas if they have been offered shelter. People would also be banned from living on the street within 500 feet of freeway underpasses and overpasses, we well as near newer homeless facilities built since January 2018. The proposed ban comes after a federal judge deemed living near freeway underpasses and overpasses unsafe, and as dozens of shelters, affordable housing and storage facilities for the homeless have been built in recent years. However, some watche

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