Personal Finance News

Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won't put you in the poor house, but frequent frivolous spending can quickly erode your net worth. The frugal habits necessary to achieve financial success and maintain it can be surprisingly simple. Read on to meet 14 business leaders and celebrities, including renowned investor Warren Buffett and retired race car driver Danica Patrick, whose penny-pinching choices -- from clipping coupons to clipping their own hair -- have helped them build and maintain their fortunes.

As Knight Kiplinger observed in The Invisible Rich, "the biggest barrier to becoming rich is living like you're rich before you are." Learn more about the cost-cutting moves that help make these successful millionaires and billionaires who they are.

Read more: https://www.kiplinger.com/slideshow/saving/T037-S001-14-frugal-habits-of-the-super-rich-and-famous/index.html

Read more: https://www.kiplinger.com/article/spending/T050-C032-S014-should-i-change-lawyers.html

Read more: https://www.kiplinger.com/article/retirement/T064-C032-S014-federal-workers-are-you-playing-too-safe-with-tsp.html

Your Great-Uncle Frank may have gotten 150,000 miles out of his Studebaker, but the advice he handed down is probably out of date. There are many sayings and shibboleths to watch out for if you want your car to have a long and healthy life. Even if you lease and your car's longevity isn't really an issue, knowing the difference between myth and reality could save you money.

These seven myths, in particular, continue to steer well-intentioned drivers off course. Take a look.

Read more: https://www.kiplinger.com/slideshow/cars/T009-S001-7-car-care-myths-that-need-to-die/index.html

The best stocks aren't always going to be the most familiar. But sometimes, investors confuse the two. Recognizability is a powerful thing - so much so that investors occasionally make the mistake of trusting that familiarity more than a company's underlying fundamentals. The sheer amount of attention an organization can garner really can dictate perceptions of how investment-worthy its stock is.

This approach won't always be met with disaster. Corporations that attract the attention of the media and stock pickers tend to do so for good reason. But if you make stock picks like that, you may inherently overlook some opportunities that simply haven't turned enough heads - yet.

People often associate obscure plays with small-cap stocks - smaller companies with market values of roughly between $300 million and $3 billion. But sometimes, even larger stocks aren't very visible because their businesses don't make for riveting, splashy headlines.

Last year, we introduced you to 20 unfamiliar companies. Today, let's meet 20 more of the best stocks to buy that are anything but household names. Some are merely small, while others operate in obscure markets. However, all of them are worth a closer look from investors aiming to back off from mainstream stocks that have gotten a bit overextended.

Read more: https://www.kiplinger.com/slideshow/investing/T052-S001-20-more-best-stocks-to-buy-you-havent-heard-of/index.html

Read more: https://www.kiplinger.com/article/retirement/T059-C032-S014-want-a-second-passport-3-eu-countries-to-consider.html

Read more: https://www.kiplinger.com/article/retirement/T021-C032-S014-estate-planning-for-single-parents.html