The first question everyone asks after you mention you've napped on a $175,000 bed is: "Is it worth the price?"
I can't answer that; I'm not at the point in my life where any one item, except for a home, is worth the amount. But I can tell you this: More
It takes guts to leave the fat paychecks, and yet more and more bankers have traded in their suits and security to risk it all on their so-called American Dreams
While Main Street is clearly world-weary of Wall Street, particularly after the financial crisis of 2008, it seems that some of Wall Street is feeling the fatigue as well. There’s a growing exodus of financiers leaving their high-paying jobs in the dust to pursue other opportunities. Instead of channeling money to and from institutions, some ... More
What it's like for kids growing up in the shadow—or bright light—of success
At 12, Sam was bright and eager but sad, almost clinically so. His mother and father did not fall into that category of wealthy parents we've begun to indict for working too much and pressuring their kids to perform. They were encouraging but mindful not to push too hard. They ... More
A new biography reveals the severe financial struggles of the famous prime minister
In No More Champagne: Churchill and His Money, author David Lough reveals a lesser known side of Winston Churchill. Although the famous prime minister is certainly seen as a risk-taker by many for his fearless decision-making during World War II, the extent of the chances he took with his personal finances ... More
The Aurae MasterCard is part of an exclusive, invite-only lifestyle program
What could be more luxurious than swiping a solid gold credit card adorned with diamonds? Those lucky enough to be invited to join the Aurae Lifestyle Membership program receive a fully functional, bespoke 14-karat credit card engraved with their name, signature and a design. To create the cards, Aurae partnered with ... More
Women are figuring out their best tool to make money—and keep it— is each other.
It would be a stretch to say Joan was an accidental real estate investor—no one buys buildings in New York City by accident. But it would be fair to say it wasn't on her list when she was first thinking about careers. "I thought I would teach forever," says Joan, ... More
After graduating from high school more than 40 years ago, Joseph Sentef decided that college could wait. Sentef was an accomplished chess player, a U.S. master, and he wanted to play professionally. He was doing OK, as he recalls, until “my mother told me basically to stop playing games and go get ... More
Rising prices for farmland, doubling in a decade, have brought prosperity to a generation of farmers. Jumping on this trend is a passel of financial institutions, all of them eager to buy their own version of Green Acres. And that has some people worried.
TIAA-CREF, the massive California teachers pension plan, ... More
Subsidizing a “failure to launch” child can prove the riskiest of businesses
Lisa Smith (not her real name) had to pull over to the side of the road because she couldn’t see through the tears while thinking about Thomas Gilbert Jr. “When I heard the story about the adult son who killed his father over his allowance, I had a sick feeling,” ... More
In his new book, Richard Kirshenbaum takes a polarizing perspective
Richard Kirshenbaum might have made his bones in advertising—he’s the man behind firms including Kirshenbaum Bond + Partners and NSG/SWAT—but his reputation has come entirely from his writing. As a columnist for the New York Observer, Kirshenbaum’s gained acclaim (and ruffled a few feathers) thanks to his gimlet-eyed look at the ... More