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  • Google billionaire Eric Schmidt shares his top 3 tricks for building wealth
    Finance
    CNBC9 hours ago

    Google billionaire Eric Schmidt shares his top 3 tricks for building wealth

    Eric Schmidt, executive chairman of Google's parent company Alphabet, is worth an estimated $11 billion. While a significant amount his wealth comes from stock he received as Google's CEO, the billionaire credits a few personal finance strategies with helping build his net worth. This isn't the only piece of advice Schmidt has for professionals.

  • 4 self-made millionaires share their No. 1 strategy for building wealth
    Business
    CNBC10 hours ago

    4 self-made millionaires share their No. 1 strategy for building wealth

    "While world-class thinkers understand the importance of saving and investing , they direct their mental energy toward accumulating wealth through serving people and solving problems," writes self-made millionaire Steve Siebold in "How Rich People Think," which he wrote after studying millionaires for over 25 years. Here are four strategies to build wealth from self-made millionaires who have done it. "You won't get rich without multiple flows of income," says self-made millionaire Grant Cardone , who was deep in debt before reaching seven figures .

  • Morning Jolt: Sears Has Finally Admitted That It's Dead
    Business
    The Streetyesterday

    Morning Jolt: Sears Has Finally Admitted That It's Dead

    Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead.  As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern." For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it's unsure if it could stay in business. Well, duh. Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in