Wealth Blog

Sunday, June 10, 2012 4:37 pm
By Judy Martel · Bankrate.com

The U.S. lost 129,000 millionaire households in 2011, largely as a result of poor performance in the stock market.

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Friday, June 8, 2012 10:55 am
By Judy Martel · Bankrate.com

There are many blunders that can come with sudden wealth, but the aftermath of the largest single payout in the Mega Millions jackpot illustrates one of the biggest screw-ups lottery winners make: not safeguarding the ticket.

It may seem an obvious precaution, but last week a 37-year-old woman came forward, claiming to be one of the three winners of the record $656 million Mega Millions payout, but is so far unable to produce the ticket. Sorry, no dice. The ticket has to be present for you to win. While this drama plays out, let’s look at a few other examples of what lottery winners do wrong, provided by Frank Fantozzi, CEO of Planned Financial Services, and published in Investment News.

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Tuesday, June 5, 2012 5:43 pm
By Judy Martel · Bankrate.com

You’ve probably heard of 28-year-old Facebook CEO and founder Mark Zuckerberg, but do you know who Dustin Moskovitz is?

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Sunday, June 3, 2012 6:39 pm
By Judy Martel · Bankrate.com

Pavel Durov amused himself by tossing paper airplanes made of $5,000-ruble notes (approximately $160) out of the window.

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Tags: Durov, prank, rich
Wednesday, May 30, 2012 6:00 pm
By David Domzalski · Bankrate.com

It’s tough out there for young professionals. Many want other options to stay employed and build wealth. One of those avenues is buying franchises.

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Tuesday, May 29, 2012 6:30 pm
By Judy Martel · Bankrate.com

When you think about the amount of money you need to retire, it may seem like an overwhelming task to hit the target number.

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Sunday, May 27, 2012 6:13 pm
By Judy Martel · Bankrate.com

A combination of inherited wealth and business savvy could put this Australian at the pinnacle of the rich lists.

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Tuesday, May 22, 2012 6:38 pm
By Judy Martel · Bankrate.com

If you think losing money is the biggest financial fear of the rich, you’re right. But the key is what they think will erode their fortune.

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Sunday, May 20, 2012 7:18 pm
By Judy Martel · Bankrate.com

It would have been pretty hard to avoid Friday’s publicity surrounding Facebook’s IPO — the largest ever, with a market cap of $110 billion

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Tuesday, May 15, 2012 6:25 pm
By Judy Martel · Bankrate.com

When institutions gamble and fail, we all lose. Here are the lessons from the JPMorgan Chase debacle.

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