The other day I read a thread on the Stoicism subreddit about the relationship between money and Stoicism. The majority of the commenters didnt buy that you could be Stoic and wealthy at the same time. Most folks dont think the concept of a rich stoic is possible.

In short, they said that Stoicism is about living a simple and stringent life. Theres no room for the pursuit of wealth in that lifestyle.

In this article, I will show you exactly why thats not true and how you can become wealthy whilst experiencing the mental benefits of Stoicism.

And Im going to do that by destroying the most common money myths. These are true not only for many followers of Stoicism but also for other modest humans who aim to live simple but rich lives.

Its true that the self-help, advice, pop psychology, and Stoicism industry is a billion-dollar-a-year industry.

Ive spent a lot of time reading the Stoicism and Philosophy Subreddits. And in general, theres a lot of skepticism when it comes to people who create content.

I agree with that skepticism. There are a lot of people who are only out for your money. They see the whole self-help industry as a simple way to earn money. And thats 100% true, especially if you look at the mind-numbing content on social media that attracts millions of views.

But that doesnt mean everyone who creates content is evil or isnt ethical. My two favorite authors in this space are Robert Greene and Tim Ferriss. The amount of wisdom that theyve collectively put out in the form of books, podcasts, and videos is enough to change the lives of millions of people.

Ferriss and Greene are, in my opinion, ethical creators. While I dont know them personally, from what I can tell, they are also very wealthy. But you can tell that their content comes from a good place. They are here to share what theyve learned from others. And along the way, they made a good living from it.

As Epictetus said, you must always be your own judge and choose ethics over money (which is what the mob is after):

You must be a unified human being, either good or bad. You must diligently work either on your own reasoning or on things out of your control-take great care with the inside and not whats outside, which is to say, stand with the philosopher, or else with the mob.

If you always take care of whats inside first, you will not be driven by whats outside.

Anyone who aims to be rich is a grifter or sellout, one person commented. Again, this is 100% true.

If your sole aim is to make money without explicitly making it clear, youre a grifter. A lot of false prophets disguise their ads as advice. They pretend they are helping people for free.

But they are simply using mass persuasion techniques to get to peoples wallets.

However, just because grifters want money, it doesnt mean money itself is evil. Or that money makes everyone evil.

Once again, we turn to Epictetus for answers. He said this about money:

If you can make money remaining honest, trustworthy, and dignified, by all means do it. But you dont have to make money if you have to compromise your integrity.

It might not seem like it, but you can certainly be honest and make money. Take the car salesman or realtor. Everyone says they cant be trusted. But is that true for all of them?

Of course not. Ive dealt with untrustworthy and dishonest realtors in the past. But Ive also worked with honest ones. My brother bought a condo a few years ago, and the realtor even talked him out of overbidding by a lot.

Wait, what? A realtor who actually tells you that youre offering too much money? Yes, they exist too. Not all of them are driven by commissions.

You know, there are also people who work in real estate who actually feel good when they help another human being with their primary need, which is to find shelter.

I own two rental properties, and one of my tenants has been with me since 2020. I havent raised his rent once. Hes a high school teacher who takes care of my property.

Why would I raise his rent every year? My bank also doesnt raise my interest rate every year for my own house. Plus, Im already profiting from the rising property value.

Ultimately, the Stoics were about making the world a better place.

A healthy obsession with money is okay. My obsession with building wealth comes from my childhood.

As a child of immigrants, I lived with a constant fear of not having enough money to live well. We always lived from paycheck to paycheck and my parents often fought over money.

My only desire back then was to have enough money so I never have to worry about that anymore. So I pursued money because of that reason.

Along the way, I discovered philosophy and in particular, Stoicism. I realized that money is only a means to an end. And that getting on the hedonic treadmill, fulfilling all your desires is a one-way ticket to destruction.

If you pursue desires like sex, drugs, and partying, you will find that there is no end to that journey. Everyone realizes that sooner or later.

The problem is that some people are so deep in that lifestyle that its impossible to break free. The other people who realize it on time can give it up and get on a more philosophical path.

What does that even mean? According to Seneca, one of the wealthier Stoics, a good life is about the following:

Happy is the man who can endure the highest and lowest fortune. He who has endured such vicissitudes with equanimity has deprived misfortune of its power.

No matter how great, fun, boring, or hard life is, a Stoic will find happiness and tranquility.

Lets put everything together. Yes, you can be Stoic and pursue wealth. And you can also be a wealthy Stoic. Heres how:

By following these principles, you can achieve financial success while staying true to Stoic philosophy.

Wealth, when pursued with wisdom and integrity, can be a tool for living a virtuous and fulfilling life.

My new book,The Stoic Path to Wealth (Portfolio / Penguin), is out now.

If you order now, you willinstantlyget free access to4 products, worth over $500.

Learn more here:stoicpathtowealth.com

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The Rich Stoic: Whether You Have Money or Not, Be Content - Darius Foroux

Social media was abuzz after Monday nights (July 15) bombshell episode of The Bachelorette.

Fans went wild after contestant Aaron Erb gave Devin Strader an emotional intelligence self-help book mid-beef. This cinematic show of drama was reminiscent of a situation encountered by Aarons twin brother Noah Erb on Season 16 of the show.

Its no secret that Aaron and Devin have been at odds this season. In Mondays episode, the two finally sidebar for a chat, in which Aaron continuously calls Devin Dylan. While both desperately compete to gain Bachelorette Jenn Trans attention for the remainder of the episode, neither are awarded the group date rose.

While the guys selected are on their group date with Jenn, Aaron confronts Devin about his lack of self-awareness. Their conversation becomes heated, and eventually results in Aaron labeling Devin a bully and giving him a self-help book. He tells him, Honestly, Im supportive of you and I just wanted to encourage you. I have a little something to give you, before returning with a copy of Principles for Self Growth by Dr. Brandon OConner.

I brought this with me. Its my own book. Its something Ive read a few times, Aaron says. Its helped me grow as a person. I want to give it to you because I want to see you win, and if its with Jenn, Im supporting you, if its with someone else, I just want to see you do your best.

His words are interesting, considering what happened to his twin brother in Season 16.

Devin smirks at the book and says, Thanks man, I really appreciate it.

Needless to say, the internet had some opinions.

At this point, the bachelorette franchise has seen more self-help books than most men in America #thebachelorette, one user wrote.

If I had a nickel for every time one man gives another man a book on emotional intelligence, Id have two nickels. Which isnt a lot, but its weird that it happened twice #thebachelorette #bachelorette, another user tweeted.

I wonder how many ppl realize the self help book that Aaron gave Devin is the same book Bennett gave Aarons brother Noah in a previous season of #TheBachelorette , a third user commented.

Aarons dramatic response to Devin stealing Jenn away for some gelato caused some fans to change their opinion of the originally highly-anticipated contestant.

Seriously, Erb 2 (Aaron?) let it go. He stole her, you all stole the time back. Its over, read the room, dont sabotage yourself #TheBachelorette #BachelorNation, wrote one user.

Did Noah Erb not tell his brother Aaron Erb how the show works?!? whys he starting this lame beef #TheBachelorette, tweeted another.

So far this season, eleven contestants have faced elimination, including Brendan, Brett, Ricky, Matt, Kevin, Dakota and Moze. The most recent eliminations were Brian, Marvin and Jahaan.

Fans currently speculate that the seasons winner will be Devin, based on a report from Reality Steve, aka Steve Carbone, who is infamous for his spoilers for The Bachelor and its spinoffs. Only time will tell if his sources are correct this time!

The Bachelorette releases new episodes every Monday at 8/7c on ABC.

See the rest here:
'The Bachelorette's Aaron Erb breaks the internet after giving Devin Strader the same self help book his twin brother received - Decider

Heartland Advisors, an investment management company, released its Heartland Mid Cap Value Fund second quarter 2024 investor letter. A copy of the letter can be downloaded here. It has been difficult to reflect on how the market has behaved recently because each month of this year has felt unique. The second quarter was no different. The fund fell 4.12% in the quarter compared to the Russell Midcap Value Indexs 3.40% decline. Negative selection effect across seven sectors, led by Consumer Discretionary and Utilities partially drove the funds underperformance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

Heartland Mid Cap Value Fund highlighted stocks like Stericycle, Inc. (NASDAQ:SRCL), in the second quarter 2024 investor letter. Stericycle, Inc. (NASDAQ:SRCL) regulated waste and compliance services. The one-month return of Stericycle, Inc. (NASDAQ:SRCL) was -0.61%, and its shares gained 29.12% of their value over the last 52 weeks. On July 12, 2024, Stericycle, Inc. (NASDAQ:SRCL) stock closed at $58.27 per share with a market capitalization of $5.407 billion.

Heartland Mid Cap Value Fund stated the following regarding Stericycle, Inc. (NASDAQ:SRCL) in its Q2 2024 investor letter:

"Industrials. Stericycle, Inc. (NASDAQ:SRCL), a leading medical waste disposal and compliance company in the country, is an example where self-help has come to fruition.

After undertaking a variety of self-help strategies including divesting 12 non-core operations over roughly six years to focus on its core medical waste disposal and document destruction businesses while reducing debt Stericycle agreed to be acquired by Waste Management for $62 per share, valuing the deal at $7.2 billion.

This is SRCLs reward for changing its game plan, turning what was a company that sought growth through aggressive M&A into a business focused on organic growth while seeking to optimize margins, capital allocation, and returns on investment. When we wrote about this stock a year ago, we referred to this as a metamorphosis from holding company to operating company with a better chance for rewarding shareholders. When Waste Management announced the acquisition, Stericycle was well into the process of implementing plans to improve revenue quality (through steps such as implementing better pipeline management processes) and operating efficiency (through modernization and innovation).

Before the deal, we had assigned Stericycle a price target of $63 a share, which was near the takeout price. Waste Management seemed to agree with what we concluded: SRCL had been trading at a discount to its own history and to its waste industry peers that operate bond-like business models."

Story continues

A team of waste management experts inspecting a stack of hazardous waste barrels.

Stericycle, Inc. (NASDAQ:SRCL) is not on our list of31 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Stericycle, Inc. (NASDAQ:SRCL) at the end of the first quarter which was 18 in the previous quarter. Stericycle, Inc. (NASDAQ:SRCL) reported first-quarter revenues of $664.9 million compared to $684.3 million in Q1 2023. While we acknowledge the potential of Stericycle, Inc. (NASDAQ:SRCL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed Stericycle, Inc. (NASDAQ:SRCL) and shared the list of biggest waste management companies in the world. In addition, please check out our hedge fund investor letters Q2 2024page for more investor letters from hedge funds and other leading investors.

READ NEXT:Michael Burry Is Selling These StocksandA New Dawn Is Coming to US Stocks.

Disclosure: None. This article is originally published at Insider Monkey.

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Is Stericycle (SRCL) an Example of a Stock Where Self-Help Has Come to Fruition? - Yahoo Finance

In the realm of addiction and mental health treatment, Therapeutic Communities (TCs) have emerged as a revolutionary approach. These communities offer a structured, supportive environment where individuals work together towards recovery. Cogniful.com is leading the way by integrating this effective treatment method with the amenities and comforts of a luxury rehab, providing a truly unique and transformative experience.

What are Therapeutic Communities?

Therapeutic Communities are group-based treatment settings where individuals live together in a structured, supportive environment. The primary focus is on creating a community that fosters personal growth, responsibility, and social skills. Unlike traditional treatment programs, TCs emphasize mutual self-help and peer support, with residents and staff working collaboratively towards recovery.

Key Principles of Therapeutic Communities

The Benefits of Therapeutic Communities

Research has shown that Therapeutic Communities can be highly effective in treating substance use disorders and co-occurring mental health conditions. Some of the key benefits include:

Cogniful: Luxury Rehab with Therapeutic Communities

Cogniful elevates the Therapeutic Community experience by offering it in a luxurious rehab setting. Heres what sets Cogniful apart:

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Therapeutic communities: A path to recovery with cogniful - The Jerusalem Post

There is no greater love than self-love. Pampering yourself and prioritising your needs is essential to sustain a happy and healthy life. One of the most effective steps towards self-love is to engage in a well-balanced skin care and hair care routine. It allows you to improve your skin and hair health along with helping you to feel happy and refreshed from within. So, whether you want a new sunscreen or an all-natural shampoo, the Amazon Prime Day Sale 2024 is offering you the best deals on beauty products with up to 70% discount!

Imagine how it would be to have skin that does not feel as rough as a cutter or hair that looks lustrous. With these Amazon deals, provide your skin and hair with the necessary nutrients and nourishment. We have handpicked the top 10 Amazon beauty deals to help you transform your self-care regime. Check out this list of Amazon skincare & hair care deals and pick your favourites before it is too late!

Sun protection is essential for keeping your skin youthful and shielded from skin cancer, hyperpigmentation and other issues. Using the best sunscreen ensures that your skin remains protected from harmful UV damage. The Minimalist Sunscreen SPF 50 PA++++ can be a good option for you as it is available at a discount of 5% on Amazon. Regarded as one of the best-selling products on Amazon, this sunscreen promises to repair your sun-damaged skin, keeping it nourished and hydrated. Formulated with four effective UV filters like Univul T 150, titanium dioxide, zinc oxide and avobenzone, this sunscreen can blend easily into your skin without leaving any white cast.

Skin type: All

Product benefits: Hydrating, protection, soothing, nourishing and moisturising

Item form: Cream

Keeping your skin clean and soft is important. So, using the Pears Pure & Gentle Soap Bar can be a good idea as it promises to provide soft, glowing and nourished skin. It is specially designed to provide gentle cleansing along with preserving the natural moisture of your skin. Made with natural oils and glycerin, this soap can lock in moisture, and provide supple and soft skin. This bar can also remove germs, oil, dirt, and bacteria, leaving your skin feeling clean and refreshed. Additionally, it is free from paraben and is dermatologically tested. Currently available at a discount of 33%, this pack of 8 soap bars promises to enhance your skins suppleness.

Skin type: Sensitive

Product benefits: Cleansing

Item form: Bar

Whether you have dry skin or oily skin, using a moisturiser is non-negotiable. The Cetaphil Moisturising Cream for Face & Body claims to improve the moisture barrier of the skin in just 3 days. Packed with the goodness of sweet almond oil, niacinamide, pro-vitamin B5 and glycerin, this best moisturiser can soothe irritated skin, lock in moisture, improve moisture retention and provide long-lasting hydration. It also claims to prevent roughness, and tightness and strengthen weak skin barrier. Available at a discount of 22%, this moisturising cream can improve your skin health most safely as it is free from harmful ingredients.

Also read: Amazon Prime Day Sale 2024 starts at midnight today: Explore deals and discounts you cannot miss out on

Skin type: Dry to normal, sensitive

Product benefits: Tackle dryness, roughness, irritation, lock in moisture

Item form: Cream

Acne, blackheads and open pores are signs of unhealthy skin. To get rid of these skin-related concerns, consider using Minimalist 2% Salicylic Acid Serum, which is available at a discount of 5% on Amazon. Suitable for oily and acne-prone skin, this best serum for the face can penetrate the pore lining and draw out dirt, debris and sebum. It is a clinically-proven skin care product, which can help to remove blackheads and whiteheads, keeping your skin clear and soft. This lightweight and water-based product is formulated with salicylic acid, oligopeptide - 10, EGCG and white horehound extract. Additionally, this anti-acne serum is also free from fragrance, silicones, sulfates, parabens and essential oils.

Skin type: Oily, acne-prone

Product benefits: Reduce excess oil, improve bumpy texture, soothe irritated skin, hydration, acne and blackheads

Item form: Drop

Cleansing is a vital step in the skincare routine. The Dot & Key CICA Face Wash may be a good option as it can help draw out dirt and impurities from your skin. Available at a discount of 11%, this face wash promises to reduce acne breakouts in 4 weeks. This soft and non-drying face wash is formulated with CICA, salicylic acid and green tea. Ideal for oily and acne-prone skin, this face wash can soothe inflammation, unclog pores, reduce excess oil and fight acne-causing bacteria. Daily use of these skin care products can help maintain and balance the pH levels of your skin.

Skin type: Oily, acne-prone

Product benefits: Acne prevention

Item form: Gel

Also read: Amazon Prime Day Sale 2024: Early deals on suitcases where you can bag up to 80% off on all your travel needs

Slow hair growth is a common problem these days. To combat this issue, consider using the WishCare Hair Growth Serum Concentrate, which is available at a discount of 33% on Amazon. Promises to provide effective results in 10 weeks of usage, this serum may help reduce hair fall and boost healthy growth. It is formulated with the goodness of rice water, caffeine, biotin, plant keratin, recently, again and baicalin, which may help improve the hair growth cycle, repair damaged strands and increase hair density. Besides this, it is also free from fragrance, paraben, gluten and cruelty.

Hair type: All

Product benefits: Hair growth, reduced hair fall

Item form: Gel

Dandruff is a sign of an unhealthy scalp condition. But this anti-dandruff shampoo from Selsun can be effective as it promises to clear away dandruff flakes. With an 18% discount, this best shampoo on Amazon promises to provide relief from itching and excess oil. It is packed with the goodness of selenium sulphide and a buffered emulsion base, which may help control flaking and irritation.

Hair type: All

Product benefits: Dandruff

Item form: Liquid

While there is nothing wrong with grey hair, some people may not find it comfortable to show off their grey strands. For them, the Attar Ayurveda Indigo Powder for Black Hair can be the saviour! With a 42% discount currently available, this herbal hair dye can make your hair lustrous, conditioned and hydrated. Besides being 100 per cent natural, this hair dye powder is free from paraben, synthetic additives, ammonia and chemicals.

Hair type: All

Product benefits: Damage repair, hydration and nourishment

Item form: Powder

Soft curls, sleek straight hair and messy crumps - all these different kinds of hairstyles can be achieved using the best hair styling tools. But with the beauty, tools like straighteners and curlers can also damage your strands as they work with high temperatures. To shield your hair against heat, use the BBLUNT Hot Shot - Heat Protection Hair Mist. Available at a discount of 25%, this hair mist promises to protect your hair from heat up to 230 degrees Celsius. Besides this, it can also help minimise hair damage and control frizz. This product is also free from harmful chemicals like paraben and sulfate, which makes it a safe option for you.

Hair type: All

Product benefits: Smoothening, damage control

Item form: Spray

Hair oiling is one of the most effective ways to maintain your hair health. Including Parachute Advansed Aloe Vera Enriched Coconut Hair Oil in your hair care routine can help transform your strands and make them stronger. Available at a discount of 31%, this hair oil premises to control frizz and make your hair soft. It is formulated with coconut, and paraffinum liquidum, including aloe vera extracts, BHT and perfume. Regular use of this product can strengthen your hair, and provide deep nourishment and conditioning.

Hair type: All

Product benefits: Softening, conditioning, moisturising, frizz control and nourishing

Item form: Oil

Yes, the skincare and hair care products on Amazon are genuine and good. The reviews and ratings can help you gauge the quality and effectiveness of the product. But make sure to research the ingredients and brand reputation before buying the product.

Irrespective of age and gender, following a well-balanced skin-care routine is essential. The three most important skin care products that you must have in your pouch are - cleaner or face wash, moisturiser and sunscreen.

The five basics of a skin care routine include cleansing, toning, moisturising, sunscreen and exfoliating. Using the five-step skincare routine can help remove dead skin cells, maintain the pH balance of your skin, remove dirt, prevent sun damage and nourish your skin.

Hair serum and oil work best for the hair line. Packed with biotin, peptides and caffeine, these products can help strengthen your strands, improve density, and promote hair growth.

To improve your hair health, it is important to follow a healthy hair care routine. Make sure to include hair oil, shampoo, conditioner, serums, heat protectants and other such products in your routine.

At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the products. The products listed in this article are in no particular order of priority.

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Amazon Prime Day Sale 2024: Up to 70% off on the best skin care and hair care products - Hindustan Times

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money.

Self Rent Reporting

Fees

$0-$6.95 monthly + optional $49.95 fee for retroactive reporting

A good credit score is important to qualify for financial services like a loan, credit card, or even insurance. But if you have limited or no credit history, building credit can feel impossible. Enter Self Rent Reporting, a rent reporting service.

Self Rent Reporting reports your rent and other bills to the credit bureaus. This improves your payment history and, as a result, your credit score, without needing to take on debt. As one of the companies listed in Business Insider's guide to the best rent reporting services after a thorough review, Self Rent Reporting stands out for offering several credit-building perks for one competitive price.

Self Rent Reporting is a rent reporting service that was acquired by Self Financial, a fintech company specializing in various credit-building tools. Self Financial also operates the Self credit builder loan, one of the best credit builder loans available.

Self Rent Reporting is an iteration of RentTrack, which was only available to residents whose property owners offered it. Now, Self Rent Reporting does not require your landlord's involvement, so anyone who pays rent online can access the credit-building platform.

Now that credit-building company LevelCredit has joined Self, existing users will transition into Self subscriptions, and new users will sign up for Self. LevelCredit says on its website that it will notify users before changing their subscription.

Self Rent Reporting's basic tri-bureau rent reporting is free, which is certainly hard to beat. You can upgrade to its paid service for $6.95 monthly, which includes utility bill payments added to your TransUnion credit report along with credit monitoring and identity theft insurance.

Self Rent Reporting offers the following services:

To get started with Self Rent Reporting, you'll need several pieces of information, including your date of birth and Social Security number. The company uses your information to verify your identity and report your payments to the bureaus. Self Rent Reporting performs a soft pull on your credit file, so you don't have to worry about your credit score dropping.

Then you'll need to connect your bank account so Self Rent Reporting can verify your rent payments. The company can detect payments from your bank direct deposit, your property manager's online payment portal, Venmo, Zelle, or Paypal. Self Rent Reporting will also accept paper checks, money orders, and cashier's checks. However, cash payments aren't accepted.

Self Rent Reporting will report your rent as a positive payment to the three major credit bureaus the next day and your utilities to TransUnion. The credit bureaus typically take up to a month to update your credit file.

Under Self, basic rent reporting with Self Rent Reporting is free. You can upgrade your plan to add utility reporting, identity theft insurance, and credit monitoring with TransUnion for $6.95 monthly.

Self Rent Reporting also offers optional retroactive rent and utilities reporting for $49.95, which adds up to 24 months of previous payment history to your credit reports. Retroactive reporting can be added to both the free rent reporting plan and the full plan.

Self Rent Reporting received mixed reviews from users, earning a 2.7 out of five from Trustpilot and a 3.7 out of five from the Better Business Bureau (BBB). Customers express dissatisfaction with inaccurate bill reporting. Users also report seeing negative effects on their credit scores after using the platform.

In contrast, people praised the company's customer service, citing quick response times and an easy process. It's worth mentioning that the BBB and Trustpilot have a small volume of reviews for the company. So, Self Rent Reporting's online reviews may not be a complete representation of its quality of customer service and product.

Self Rent Reporting's features are accessible via web browser and the Self mobile app. The Self app received a 4.6 out of five on Google Play and 4.9 out of five from the Apple app store, showing that customers found the app easy to use.

Like Self Rent Reporting, Boom offers monthly rent reporting. Boom costs just $3 per month. While it can't beat Self Rent Reporting's free rent reporting, Boom's rates are still extremely low, lower than Self Rent Reporting's paid subscription. However, Self Rent Reporting's premium service also offers utility reporting, identity theft insurance, and credit monitoring from TransUnion. Boom doesn't offer this.

What Boom does offer is affordable retroactive rent reporting at $25, half the cost Self Rent Reporting's retroactive reporting. Boom also doesn't require your landlord's involvement, while Self Rent Reporting will contact your landlord to verify your lease information.

While Self Rent Reporting is a good rent reporting option, Boom offers a cheaper alternative if you just want simple rent reporting without all the dressings.

Read our BoomPay review to learn more.

Rental Kharma costs $75 signup + $8.95 monthly for ongoing reporting. It also doesn't have credit-building perks like Self Rent Reporting does, but Rental Kharma lets you report all your past payment history at your current rental, no matter how far back the payment was. Self Rent Reporting only reports payments up to 24 months back, limiting your credit-building opportunities. Rental Kharma only reports to Equifax and TransUnion, while Self Rent Reporting reports to all three credit bureaus.

Rental Kharma has a 90-day, 100% money-back guarantee. Its refund policy gives you ample time to try the service out and see changes to your score. Self Rent Reporting only provides refunds if it fails to deliver on agreed-upon services, which doesn't include credit score improvements. Rental Kharma also offers discounts when you add a spouse and roommates.

Read our Rental Kharma review to learn more.

RentReporters costs $94.95 one-time fee + $9.95 monthly or $94.50 annually. Its features could make it attractive to customers. RentReporters plans allow you to report up to 48 months of payment history. This feature is useful if you've recently moved to another apartment but want to capture the payments from your previous lease.

If you opt into RentReporters VIP service, which is included with the annual plan or costs an additional $25 with the monthly plan, your past 24 months of rent can be reported to the credit bureaus within three to five days. This quick reporting can be a great benefit if you're looking for ways to boost your credit score quickly (like if you're a prospective homebuyer with a limited credit history).

RentReporters also guarantees a full refund if you're not satisfied within seven days of your initial results (i.e., once your credit score has been updated to reflect your reported rental payments).

Read our RentReporters review to learn more.

Yes, Self Rent Reporting is a legitimate company. It is BBB accredited, receiving a B+ ratings. It also provides bank-level security measures and a comprehensive privacy policy that outlines how it uses your data.

Self Rent reporting reports to major credit bureaus, enhancing the credit-building potential for users.

Self Rent Reporting can impact your credit score by reporting timely rent payments which can positively affect your credit score by building a history of on-time payments.

Self Rent Reporting takes about 24 hours once your rent payment appears on your bank account. That's because before reporting your rent payment to the credit bureaus, Self must verify. Updates to your credit score can take up to a month after rent reporting.

We examine several factors to rate rent reporting companies. First, we look for reporting to Equifax, Experian, and TransUnion. When you apply for a financial product, lenders will pull your credit file from one of the three bureaus to assess your eligibility, so it's important for rent payments to show up on credit reports from all three bureaus.

Secondly, we evaluate the comprehensiveness of a company's offerings. In other words, we look at whether the company offers special perks aside from rent reporting. Some examples of these benefits include utility and cell phone bill reporting, long retroactive rent reporting periods, and roommate or spouse discounts. We then weigh the product's cost against its value.

Finally, we assess user experience through third-party ratings and information outlined in the company's fine print. This includes the company's customer satisfaction, longevity, ease of use, refund policy, and other relevant components.

Jennifer Streaks

Senior Personal Finance Reporter and Spokesperson

Go here to see the original:
Self Rent Reporting Review: Benefits, Features, and User Experience - Business Insider

This paper details some of the major challenges facing the new Government as it sets out policies to decarbonise the UK economy at the pace required by our legally binding carbon targets. It assesses recent trends in decarbonisation and how they will need to change in the future, how this could impact the living standards of households on low- to middle-incomes, and steps that should be taken over the next five years to ensure that the burden of decarbonisation does not unduly fall on poorer families.

It finds that overall investment levels will need to increase four-fold on those seen since 2010, but that higher upfront costs could limit the affordability of low carbon technologies to those with lower means. As such, effective targeting of support should be a priority, something that successive governments have failed to deliver effectively in recent years.

It also shows that, with the majority of low carbon infrastructure planned for areas in which the population is wealthier and older than the national average, methods to encourage communities to host new developments should be mindful of potentially negative distributional outcomes.

See the article here:
Net zeroing on investment - Resolution Foundation

Key Takeaways

Bank of America (BAC) shares rose Tuesday as second-quarter revenue and profit beat estimates despite slightly lowernet interest income(NII) than analysts were anticipating.

The bank reported net income of $6.9 billion, or 83 cents per share, below last year's marks but still better than the $6.6 billion, or 79 cents per share, that analysts had projected, according to estimates compiled by Visible Alpha.

Revenue also beat estimates as it grew about 1% year-over-year to $25.4 billion, which Bank of America credited to higher fees, along with improved sales and trading revenue. However, NII dropped 3% to $13.7 billion, narrowly below the $13.79 billion analysts expected, as Bank of America continued a trend of lower NII that started in last week's bank earnings as greater deposit costs offset the benefit of higher interest rates.

Consumer banking revenue slipped 3% to $10.2 billion, but wealth management revenue grew 6% to $5.6 billion, and investment banking fees surged 29% to $1.6 billion.

Bank of America's rivals JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C) also reported higher second-quarter revenue from their investment banking activities in recent days.

Bank of America shares rose 3.6% to $43.41 as of 9:55 a.m. ET Tuesday. They are up over 28% in 2024.

Originally posted here:
Bank of America Posts Earnings Beat on Investment Banking Boost - Investopedia

Ashley Furniture making major economic investment in Mississippi

Updated: 12:54 PM CDT Jul 18, 2024

Governor Tate Reeves said a big economic investment is coming to Mississippi.Ashley Furniture is spending approximately $80 million on a massive new expansion of its operations. The expansion will create at least 500 jobs and be in the northeast area of the state, according to Reeves.The governor said on a social media post, "This is another huge win for our state!"The furniture company is going to put a lot of technology into their mattress manufacturing facilities, Reeves said.

Governor Tate Reeves said a big economic investment is coming to Mississippi.

Ashley Furniture is spending approximately $80 million on a massive new expansion of its operations. The expansion will create at least 500 jobs and be in the northeast area of the state, according to Reeves.

The governor said on a social media post, "This is another huge win for our state!"

The furniture company is going to put a lot of technology into their mattress manufacturing facilities, Reeves said.

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Ashley Furniture making major economic investment in Mississippi - WAPT Jackson

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We note that Siemens Healthineers AG (ETR:SHL) does have debt on its balance sheet. But is this debt a concern to shareholders?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first step when considering a company's debt levels is to consider its cash and debt together.

View our latest analysis for Siemens Healthineers

The chart below, which you can click on for greater detail, shows that Siemens Healthineers had 15.7b in debt in March 2024; about the same as the year before. However, because it has a cash reserve of 2.31b, its net debt is less, at about 13.4b.

Zooming in on the latest balance sheet data, we can see that Siemens Healthineers had liabilities of 10.8b due within 12 months and liabilities of 16.8b due beyond that. Offsetting these obligations, it had cash of 2.31b as well as receivables valued at 6.26b due within 12 months. So its liabilities total 19.1b more than the combination of its cash and short-term receivables.

This deficit isn't so bad because Siemens Healthineers is worth a massive 59.8b, and thus could probably raise enough capital to shore up its balance sheet, if the need arose. But it's clear that we should definitely closely examine whether it can manage its debt without dilution.

We use two main ratios to inform us about debt levels relative to earnings. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).

Siemens Healthineers has net debt to EBITDA of 3.7 suggesting it uses a fair bit of leverage to boost returns. On the plus side, its EBIT was 8.9 times its interest expense, and its net debt to EBITDA, was quite high, at 3.7. If Siemens Healthineers can keep growing EBIT at last year's rate of 20% over the last year, then it will find its debt load easier to manage. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Siemens Healthineers's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. During the last three years, Siemens Healthineers produced sturdy free cash flow equating to 60% of its EBIT, about what we'd expect. This cold hard cash means it can reduce its debt when it wants to.

The good news is that Siemens Healthineers's demonstrated ability to grow its EBIT delights us like a fluffy puppy does a toddler. But, on a more sombre note, we are a little concerned by its net debt to EBITDA. It's also worth noting that Siemens Healthineers is in the Medical Equipment industry, which is often considered to be quite defensive. All these things considered, it appears that Siemens Healthineers can comfortably handle its current debt levels. Of course, while this leverage can enhance returns on equity, it does bring more risk, so it's worth keeping an eye on this one. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. For example Siemens Healthineers has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.

Find out whether Siemens Healthineers is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Find out whether Siemens Healthineers is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Is Siemens Healthineers (ETR:SHL) A Risky Investment? - Simply Wall St