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World stocks climb after Wall Street rallies on hopes for lower interest rates AP NewsView Full Coverage on Google News
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Asian Stocks Set to Extend Gains on Fed Cut Hopes: Markets Wrap Bloomberg.comStock market today: Dow, S&P 500, Nasdaq rally for 3rd day as Fed rate cut hopes grow, Apple and Alphabet notch records Yahoo FinanceSuddenly, the Fed interest rate cut in December looks like it is very much back on the table FortuneStocks climb on hopes for lower interest rates as Dow rallies 660 points AP News
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Google, the sleeping giant in global AI race, now ‘fully awake' FortuneWhy Google's AI Wins Are Bad News for Nvidia Stock and the AI Trade Barron'sTranscript: Google closes in on Nvidia in the AI race Financial TimesAlphabet on pace to hit $4 trillion market value as AI gains momentum Reuters5 reasons Google has never looked stronger Business Insider
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European and Asian markets fall after Nasdaq and S&P 500 sink on Thursday amid concerns over AI valuations
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Is it true that many young professionals don't know how to save money?
I recently had dinner with an old college friend. I was expecting to catch up on friends, family and our careers, but it was clear he wanted some basic financial information.
Knowing I advise young professionals on their finances, he zeroed in on the following questions: "How much should I save, and how do I know if my savings plan is on track?"
SEE MORE Millennials Want a Different Kind of Retirement
Many highly talented and bright young individuals - often earning six figures, receiving an annual bonus and holding stock options - often struggle with how to spend and save their money. My advice is to develop a process that focuses on three fundamental ideas that anyone can use.
Control Savings and Spending by Paying Yourself First
Putting together a budget and tracking spending are useful tools - but they can be tedious and hard to sustain. Instead of starting with expenses, I begin by allocating the desired amounts of money to various savings and investment accounts.
I set up automated contributions to my 401(k) retirement account, Roth Individual Retirement Account (IRA) and after-tax brokerage accounts. Once that money is set aside, I have total peace of mind knowing I can afford to spend what's left and still be on track to hit my financial goals.
If, like me, you make the majority of day-to-day purchases on your credit card, another easy way to spot-check spending is making sure you can pay your credit card bill in full each month without tapping your savings.
Don't get me wrong - developing a detailed budget is a valuable exercise when done periodically. And it's parti
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