Today’s bits: from drug addict to millionaire

From crack addict to pillows to millions – You’ve probably seen the commercials. Nice rags to riches story of Mike Lindell, the founder of My Pillow (Bloomberg)

The richest of the rich – The top 10 — nine from the United States, one from Spain — have a combined net worth of $582 billion. (Your Money)

Student Debt in America Has Hit a New Record – President Trump has called student debt an “anchor” weighing down young Americans. (Bloomberg)

The Tao of Charlie Munger – Words of wisdom from Charlie Munger—Warren Buffett’s longtime business partner and the visionary Vice Chairman of Berkshire Hathaway (Amazon)

Does life insurance in retirement ever make sense? – The basic purpose of life insurance is to protect dependents against the loss of income–yours–in the event of premature death. But by the time retirement rolls around, that risk usually declines sharply. (Morningstar)

Order are down, McDonald’s tries get you back by bringing the burger to you – Burger giant to focus on core products after losing 500 million U.S. orders in five years (WSJ)

The 15 best US states for first-time homebuyers – The narrative that millennials are eschewing all of the traditional habits of their parents is simply a myth, particularly when it comes to homebuying. In fact, 65% of millennials still consider buying a home part of the American Dream, more than any other generation. (Business Insider)

Best Cities to Retire on Just Your Social Security IncomeThe Balance – Finding a place to retire comfortably — both physically and financially — can seem like a daunting task.  But it certainly doesn’t have to be. The good news: you’ve got options. So whether you’re a soon-to-be retiree or just charting your course, there are ways to keep costs under control while enjoying your golden years. It may come as a surprise to learn the biggest money saver is all about location, location, location. ()

5 Countries That Welcome American Retirees – Retiring abroad can be a great way to secure a fun and affordable lifestyle for years to come. Of course, you’ll need to plan out some important logistics if you think retiring overseas might be right for you. It helps that some countries have very welcoming policies for U.S. retirees who are looking to relocate. (Kiplinger)





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