006: Want to be a millionaire in retirement? Start saving in your 20s.

Hi there, Moneymakers!?

Happy Friday. This newsletter was written while streaming (and screaming) Olivia Rodrigo's new album, GUTS. If you’re logical when it comes to personal finance, you’d know that opening a new credit card just for the signup bonus without a plan to use it is a bad idea right?

— Annie

Quick Hits:

?? Mortgage rates dropped to 7.12% this week.

?? Take advantage of super-high APYs by socking away money in a high-yield savings account. Here are some HYSAs earning 5% or better.

?? Auto loan rejection rates are at a record high — here’s how to improve your chances of getting approved.

?? Everything you ever wanted to know about buying gold but were afraid to ask.

Here's What We're Talking About This Week:

Want to Retire With $1 Million? Start Saving by This Age

A new study shows that you need to start saving early if you want to be a millionaire in retirement. It seems Gen Z is up to the challenge.

Most Americans Don't Know What Long-Term Care Insurance Covers

This lack of information and preparation concerning long-term care may lead to more than just financial consequences for aging people in need of support.

Having a Good Credit Score Is Especially Important Right Now — Here's Why

Lenders are getting pickier, meaning it’s harder than usual for everyday Americans to take out a loan or get approved for a credit card.

How Airbnb ‘Bans’ Could Affect Your Local Housing Market

New York City and other cities are tightening regulations on Airbnb rentals. How will this affect prices for homes and long-term rentals?

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