If this buzz around the world reserve currency isn’t familiar to you, consider yourself lucky. There are several speculators out there, who can often be seen wearing tin foil hats, predicting that the US will LOSE WORLD RESERVE CURRENCY STATUS soon. And when that happens?! I don’t really know, because I doubt many of them […]
Be like Jamie. Be patient and don’t give a damn about what is happening in the stock market. During the 25 years Jen & Jamie were invested, that equates to about 6,300 days. Jen only missed 20 of those days, but she ended up with a quarter of what Jamie has. Almost all of the […]
The current maximum IRA contribution is $6,500 per year. If you put that much into a Roth IRA every year, invest in an index fund, and get a 10% rate of return (about the average the US stock market has provided the last 100 years), and leave it to grow for 40 years you’ll end […]
Scary economic headlines are really popular right now. Every day I get messages from people asking me what clever financial moves they should make to avoid some speculative macroeconomic doom and gloom. One popular fear is this: What happens if there’s a new world order and the US Dollar is no longer the global reserve […]
Almost 20% of the spending in the US economy goes toward healthcare, which is nearly twice as much as the average developed country. Despite this huge amount, only about 9 out of 10 people in the US have health insurance. In many other developed countries it’s close to 100%. Why is healthcare so expensive in […]
Interest rates are the highest they have been in over 15 years. And, the Federal Reserve raised interest rates by another 0.25% yesterday. With higher interest rates it means less people and businesses will borrow money. This means there’s less buying of stuff, which can cause the economy to slow down. So, why is the Federal […]
You know what most rich people DON’T want to do? Draw a lot of attention to their wealth. Yet, growing up many of us have this bizarre impression of wealth impressed upon us. We’re raised to believe that SPENDING is wealth. The fancy clothes, the nice hotels, leased cars, fancy watches. We’re told THOSE are […]
One drink here or there may not seem like a big deal, but it can add up over time and make a big difference to your finances (and your health!). It’s easy to lose track of how much money you’re spending on alcohol, especially when you’re intoxicated and decide to buy shots for everyone. We are […]
This is the #1 most common and #1 most devastating mistake that new investors make. It’s my nightmare fuel. Every time I look inside one of my friend’s Roth IRAs and see cash sitting there doing nothing, I die a lot inside. DON’T LET THIS BE YOU. Let’s break it down. When you put money […]
“Be fearful when others are greedy, and greedy when others are fearful.” is a quote from Warren Buffett. And he’s got about 100 billion reasons to trust his investing advice. If I had judge the general sentiment in the personal finance world right now, I’d say it’s “fearful”. As your loyal personal finance influencer, I […]
