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I'm a HENRY financial planner who makes $125,000. Here's how I manage my money — and the mistakes I see others making.

Thu, 02/22/2024 - 05:05

Tech Insider

a hand puts money in a piggy bank — Georgia Lord is saving for a wedding, travel, and a bigger apartment.
mikroman6 / Getty Images

finance, Careers, BI-freelancer, as-told-to, money, Investing, henrys

Most parents are still giving money to their young adult kids, survey found

Sat, 01/27/2024 - 04:21

Tech Insider : Economy

A photo of a college student and their parent working on financial aid documents at home. — 59% of parents say they financially assist their young adult children.
kate_sept2004/Getty

economy, raising-kids, pew-research-center, Parents, Marriage, henrys, Childcare

I'm a 26-year-old HENRY. I'm in the top 1% of earners and a homeowner — I won't be happy until I'm completely financially free.

Fri, 01/19/2024 - 05:45

Tech Insider

Ben Ruan, a man in beige coat taking a selfie in a mirror. — Ben Ruan bought a house in Central London with his high tech salary.
Ben Ruan

Careers, as-told-to, contributor-2024, henrys, freelancer-uk, BI-freelancer

It's a terrible time to be a HENRY

Thu, 12/28/2023 - 06:03

Tech Insider : Economy, Economy

Couple in shop — Johner Images/Getty Images

economy, economy, henrys, high-earners, net-worth, high-net-worth, ultra-high-net-worth

Here's why wealthy Americans say it's getting harder for them to get richer

Tue, 12/26/2023 - 13:21

Tech Insider : Economy, Economy

Home with a moving truck and movers carrying a sofa. — The housing market is contributing to many wealthy Americans' gloomy feeling about their futures.
Yellow Dog Productions/Getty Images

economy, Wealth, Wealthy, housing-market, Inflation, borrowing-costs, henrys

HENRYs are turning to a little-known and risky type of mortgage as home prices soar

Sat, 12/16/2023 - 06:33

Tech Insider : Economy, Economy

A FOR SALE sign is displayed outside a property on Madison Ave. in Toronto. — Interest-only mortgages were much more strictly regulated after the financial crisis, but now higher-income borrowers are turning to them as home prices stay high.
Lance McMillan/Getty Images

economy, Real Estate, Housing, real-estate, economy, Mortgage, Banks

How HENRYs are investing and spending in the face of an uncertain economy

Wed, 11/22/2023 - 11:57

Tech Insider : Economy

Miles Goodloe (left), Domenic Boresta (middle), and Robert Oszust Jr. (right) are all HENRYs. — Miles Goodloe (left), Domenic Boresta (middle), and Robert Oszust Jr. (right) are all HENRYs.
Miles Goodloe/Domenic Boresta/Robert Oszust Jr.

economy, henrys, Retirement, student-loans, credit-card-debt, Saving, 401k

Meet the typical HENRY: Urban 32-year-olds with no kids who make a six-figure income and have a college degree

Tue, 11/14/2023 - 06:02

Tech Insider : Economy

A couple with luggage enters a hotel. — Many HENRYs still invest in vacations while cutting back on material goods.
Klaus Vedfelt/Getty Images

economy, henrys, gen-z, millennial, Saving, Retirement, Wealth

Some HENRYs are saving too much for retirement — and it may backfire

Thu, 11/09/2023 - 14:07

Tech Insider : Economy

Three young people eating burgers — Some wealthier millennials and Gen Zers are over-saving for retirement.
Getty Images

economy, henrys, Retirement, Paycheck, 401k-account, gen-z, Millennials

How some HENRYs are aggressively saving their around 6-figure incomes while still splurging on what matters most to them

Thu, 11/02/2023 - 10:05

Tech Insider : Economy

Savannah White and her husband. — Savannah White and her husband only spend on what makes them happy.
Savannah White

economy, henrys, Saving, six-figures, stash-wealth, Retirement, Inflation

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