Today’s bits: How the 1% lives

Test Your Small Business Know-How
Starting your own small business may sound like a good deal. You can call the shots, set your own hours and eliminate long, pointless meetings. But how much do you know about getting started — and achieving financial success? Read >>


8 Ways to Pay Off Your Mortgage Early
The decision to pay off your mortgage early is a controversial one. But for some who have tackled many of their big financial goals and erased other debt, putting their home mortgage in their cross-hairs can make sense. Since your mortgage is such a large, long-term debt, it can be surprisingly easy to pay it off at least a little early. You might get out of a year’s worth of payments (or more) simply by throwing a bit extra towards your principal each month. Read >>

Costco Is Thriving Because People Still Don’t Buy Their Toilet Paper Or Steak On Amazon
As retailer after retailer closes up shop, and big box stores like Target and Walmart put increased focus on e-commerce, Costco continues to not only stay open, but to grow, despite having virtually no online retail presence. Why? Because people aren’t yet turning to Amazon to fill up their kitchens, bathrooms, and laundry rooms. Read >>

Costco versus Amazon Prime — which membership offers more value?
When it comes to Amazon Prime and Costco, belonging to one retail club is often enough. While many like to double-dip, being a member of both should come down to a person’s habits — if they don’t use either membership enough there’s a risk of it becoming a budget-buster. Rachael Blum, a 27-year-old aerospace engineer from West Palm Beach, Fla., recently chose to cancel her Costco membership. Read >>

How can I pay off $175,000 in student loans and still have a life?
Lindsey doesn’t know if she should pay off her debt or save up for a house. CNNMoney’s Broke No More advice column has some suggestions. Read >>

Eating chocolate may be good for your heart (and your relationship)
This research looked at the eating habits and cardiovascular histories of 55,500 people. Read >>

6 smart ways to travel cheaply and still have a memorable vacation
Memorable vacations can come with a price tag you’d rather forget. But with proper planning, smart research and a flexible attitude, you can travel cheaply and still have an experience worth remembering. Here’s how. Read >>

3 Ways to Manage Retirement Planning Stress
Retirement is meant to be a relaxing time, but many Americans find planning for it nerve-wracking. In a 2016 study by Schwab Retirement Plan Services, 40 percent of 401(k) participants said building adequate retirement savings was financially stressful …  Read >>

Vermont poised to become latest state to set up retirement plan for small businesses
Vermont will likely become the latest state to create a retirement plan for its small businesses, in a play to boost retirement savings by increasing the number of private-sector employees covered by a workplace plan. The Vermont legislature passed an … Read >>

Incredible photos give a totally unexpected perspective into how the 1% lives
It’s no secret that the wealth gap between the top one-percent and the rest of the global population is continuing to grow. A study conducted by Oxfam and released this year shows that just eight men, with a combined net worth of $426 billion, share the same amount of wealth as the poorest half of the world.

In his book and traveling gallery show, “1% Privilege in a Time of Global Inequality,” curator and photo editor Myles Little explores the complex issue of wealth inequality by showing a collection of work from various photographers.

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