Fintech Greenlight is building ways to let kids invest in stocks

frank lamjus

  • Greenlight, the personal financial management app for kids and parents, has seen its user base double since the start of the year.
  • With this growth, Greenlight is building an investing product, where kids can propose stock and ETF trades to their parents.
  • “To build true wealth, you really need to learn how to invest,” Tim Sheehan, cofounder and CEO of Greenlight, told Business Insider. “So we want the kids to try to learn that as early as they can, and to do it in a supervised environment.”
  • Greenlight is backed by investors including JPMorgan Chase, and Wells Fargo.
  • Visit Business Insider’s homepage for more stories.

A personal finance app for kids that’s managed by their parents has doubled its user base in the first half of this year.

Greenlight, which currently offers debit cards and savings accounts, is eyeing more financial products to launch for its parent and child users

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Five Ways You Could Be Devaluing Your Personal Brand On Social Media

frank lamjus

Jon Michail is Founder & Group CEO of Image Group International & best-selling author of Life Branding. Follow him on LinkedIn & Twitter.

Everyone today from Bill Gates and Elon Musk to Oprah Winfrey and Bill from Timbuktu has a personal brand, though many people may not realize it. I’ve noticed that only the people who know what their personal brand is and what it is doing for their professional and personal reputation gain the many benefits from their personal brand positioning.

It’s critical that you have an authentic and strong online presence. Your presence on various social media channels is as important as your offline presence — maybe even more so. Building an influential, impactful and strong personal brand on the appropriate social media channels can go a long way in helping you secure that dream job and promotion or becoming an entrepreneur and leader who people trust

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24 Ways To Make This Week’s Paycheck Go Further

frank lamjus

With serious economic trouble looming, millions of potential workers applying for unemployment benefits and an entire country settling into a new and tense reality, it’s more important now to extend money’s purchasing power than it’s ever been. Here are some practical, doable and even fun ways to make the most of your money.

Last updated: April 6, 2020

Break Out the Coupons

Thanks to sites like Coupon Sherpa, Coupons.com and others, using coupons has never been easier and they can help you save money immediately. Right now, for example, you can save $1 on Coupons.com on both Clorox disinfecting mopping cloths and Scrubbing Bubbles bath cleaning products — good finds in a time when supplies of cleaning products are sparse and expensive.

Earn Money Through Your Credit Card

You can make your credit card pay you back by taking up your issuer on introductory offers. The PenFed Gold Visa®

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100 Ways To Make Money Without a 9-to-5

frank lamjus

Due to the recent coronavirus pandemic, many people have lost work hours or been laid off. As people struggle to figure out how to supplement their income, picking up a side job to make a few extra bucks might be helpful. While not all of these gigs may be possible due to certain social distancing guidelines, these 100 ways to increase your income might help now — or for ones that require more social interaction, you can do them later to help boost your income.

Taking online surveys is one of the easiest ways to earn extra money. And plenty of companies are looking for consumer feedback to improve their products or develop new ones.

Brands hire survey sites to conduct online questionnaires on their behalf, gaining access to precious customer feedback. The sites, in turn, pay you for participating in their surveys. If you really want to rake in … Read More

The 7 worst ways people are spending their tax refunds

frank lamjus

Since the pandemic pushed this year’s tax deadline back to July 15, many Americans will be receiving their refund in the coming weeks.

The IRS says people are getting back an average of $2,769 this year, a slight increase from the year before.

But with the economy still struggling and unemployment numbers hovering at record highs, managing your refund wisely is more important than ever.

Here are the seven worst ways to use a 2020 tax refund.

1. Letting it rot in checking accounts

Prapan manuchon / Shutterstock

Setting your tax refund aside in an emergency fund is one of the smartest things you can do. Many financial advisers recommend keeping enough cash on hand to cover at least six months of your regular expenses.

But keep in mind: Where you stash your emergency savings matters a lot.

Don’t just leave your funds in a traditional checking account, which

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7 Ways to Succeed When Virtually Pitching an Investor

frank lamjus

As the managing partner of a global startup accelerator in Hawaii and an active angel investor, I have listened to hundreds of virtual pitches since the world changed in March — and have seen entrepreneurs make the same mistakes over and over again.

I understand that virtual calls can be stressful. You finally have the chance to talk to an investor, and you’re doing your best to deliver a memorable pitch … and then the screen freezes, or you are distracted by interruptions, or WiFi goes down. It must be truly exhausting.

But the truth is, entrepreneurship is all about solving problems. If you can’t nail a virtual call, I worry about your ability to solve other, more critical issues in your business. Here are seven tips to get an investor’s attention and hold it during a virtual pitch.

1. Get a warm introduction.

Crisis hasn’t changed this old rule:

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31 Hidden Ways You’re Bleeding Money Every Month

frank lamjus

There are some expenses you plan for every month — your rent or mortgage, utilities, your cellphone bill, etc. — but there are also a lot of hidden expenses you’re paying for regularly that you might not be aware of. These little costs could quickly add up, whittling away at your hard-earned paycheck.

Uncover the hidden ways you’re losing money every month, so you can start making moves to stop the bleeding.

Last updated: June 15, 2020

Not Tracking Your Spending

You should be able to account for every dollar you spend. Keep track of your spending with a budgeting app, spreadsheet or even a notebook. Simply recording what you’re spending money on will make it easier to spot any hidden expenses.

Paying Checking Account Fees

Some banks charge monthly fees or service charges for their checking accounts. Those fees could end up costing you over $100 a year —

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5 crucial ways to protect yourself from identity theft

frank lamjus

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Here's how to empower yourself to protect your personal information online. (Photo: Getty)
Here’s how to empower yourself to protect your personal information online. (Photo: Getty)

We’re all extra vulnerable these days, and I’m not just talking about COVID-19 itself. Online data breaches have escalated during pandemic-related lockdowns, according to Tech Republic, and everything from your financial information to your identity could be at risk. 

“We’re now in totally uncharted waters, especially when it comes to hacking and identity theft,” Adam Levin, cyber security expert and founder of Cyberscout, tells Yahoo Life. “Breaches have become the third certainty in life behind death and taxes.” He says that identity thieves “prey on vulnerability and distraction,” like working from home while running a household and other major upheavals in routine.

Meanwhile,

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25 Ways To Save Yourself From Your Debt Disaster

frank lamjus

A 2019 GOBankingRates survey found that debt would be the No. 1 roadblock that would stop most Americans from reaching their 2020 goals. And those who are already struggling with existing debt have likely found their situation exacerbated by the coronavirus pandemic, which has left millions of Americans without jobs. Fortunately, just because you have debt now doesn’t mean you are doomed to be paying it off forever.

I spoke to financial experts and business pros about the best ways to save yourself from debt disaster — here’s how you can turn your financial situation around.

Last updated: June 10, 2020

Stop Taking On More Debt

“The first step to getting out of debt is to stop taking on more debt,” said financial expert Chris Hogan. “Folks need to understand that debt is a threat — it’s not their friend. You have to decide that debt isn’t an option. Remember

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25 Ways To Save 20% More of Your Paycheck Without Even Trying

frank lamjus

Does it seem like your hard-earned paycheck isn’t stretching as far as it should be? Fortunately, there are a few changes you can make in how you earn and spend your money that can help you save more of your paycheck. From decreasing the deductions taken out of your check to making small life changes to spend less and save more, we’re rounding up the best ways to hold on to more of your cash.

Click through for tips and tricks to make your money stretch — that don’t require much effort.

Last updated: Oct. 24, 2019

1. Adjust W-4 Exemptions

If you’re getting a sizable tax refund, you’re actually missing out on money you could be getting paid upfront.

“The best way to boost your take-home pay is to adjust your taxes,” said Debbi King, personal finance expert, life coach and author of “The ABC’s of Personal Finance.” “Most

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