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Ever have one of those situations where you find out your brown-bagging coworker has a house at the beach? Or that the unassuming guy who sings next to you in the church choir made a five-figure donation to the symphony? You must be in the presence of what we like to call the "invisible rich." So, how do they do it? Sure, money like that can come from an inheritance or some other break, but more often than not, it’s the result of diligence, smart choices and, well, deferred gratification. The tenets followed by these secret millionaires next door can also put you on the path to financial prosperity. Let's look at some of them. Number 1: They don’t spend beyond their means Yes, this is obvious,
- PoliticsBusiness Insider•23 hours ago
Carrier employees are rejoicing Donald Trump's announcement on Thursday that their company will be keeping more than 1,000 jobs in Indiana. It's a reversal from Carrier's statement nearly a year ago that the Indianapolis-based air-conditioning company would relocate its plant to Monterrey, Mexico, starting in 2017. In a video that went viral in February, company president Chris Nelson can be seen delivering the bad news to a large crowd of employees.
- BusinessMarketWatch•11 hours ago
The number of subprime auto loans sinking into delinquency hit their highest level since 2010 in the third quarter, with roughly 6 million individuals at least 90 days late on their payments. It’s behavior much like that seen in the months heading into the 2007-2009 recession, according to data from Federal Reserve Bank of New York researchers. “The worsening in the delinquency rate of subprime auto loans is pronounced, with a notable increase during the past few years,” the researchers, led by Andrew Haughwout, said Wednesday in a blog on their Liberty Street Economics site. Weakness among the lowest-rated borrowers plays out against a robustly growing vehicle lending market. Originations of