With a likely recession and potentially stagflation on the horizon, I suspect many more families will join us as DUPs: Dual Unemployed Parents. Mass layoffs and company shutdowns will ripple through the economy. According to USA Facts, there were approximately 38 million single-income households in 2022. According to the Bureau of Labor Statistics, there were […]
The Precarious Life of Dual Unemployed Parents (DUPs) Read More »
Creating an investment game plan is a crucial part of building lasting wealth. Without one, you’re likely to accumulate far less over your lifetime. When the S&P 500 briefly corrected by 20% in 2025, we officially entered another bear market. Historically, bear markets have lasted about two years on average, but this one was shorter
My Bear Market Investment Game Plan: Adjusting the Strategy Read More »
As stocks plummet and recession fears grow, there’s one silver lining worth highlighting: the increasing value of your home, if you own one. A home is a fundamental necessity for survival, stocks are not. So, the government sacrificing your stock portfolio to strengthen or preserve your housing situation can be seen as a net benefit.
Sacrificing The Stock Market For The Good Of Your Loving Home Read More »
Stagflation is a rare and challenging economic condition where slow or stagnant growth, high unemployment, and persistent inflation occur simultaneously. Typically, inflation rises when an economy is expanding and demand is strong, while recessions tend to bring lower inflation due to weaker demand. Stagflation defies this pattern, making it particularly difficult to address with traditional
Stagflation Is Worse Than A Recession: Here’s How To Prepare Read More »
As I sadly watch my stock portfolio go down the tubes due to reciprocal tariffs and retaliation from China, I find serenity in my paid-off home. No matter how much the stock market tanks, it’s comforting to know I’ll always have shelter to take care of my family. It’s funny, but only active investors, finance
A Paid-Off Home Is A Great Shield Against Fear And Uncertainty Read More »
Reciprocal tariffs will drive up the cost of most goods, making everyday life more expensive for American households. According to Fitch Ratings, the U.S. tariff rate on all imports has jumped from 2.5% in 2024 to around 22% today. Some research firms estimate the percentage is closer to 30%. As a result, more Americans may
Reciprocal Tariffs Actually Make Wealthy Americans Even Richer Read More »
Well, folks, after 16 years of diligently writing three free posts a week, I’ve finally decided to erect a paywall. Originally, starting in 2009, my goal was to provide free financial insights for 10 years to help people achieve financial independence sooner. Success! I’ve always believed that if you’re lucky enough to learn something valuable,
Putting Up A Paywall To Fight AI And Support My Family Read More »
One of my goals is to put my kids to work so they can earn money, contribute to a Roth IRA, and learn the value of hard work and the power of investing. By age 18, they’ll have roughly 10 years of work experience and compounding behind them. If they earn an average of $7,000
Various Things Children Can Do To Earn Money For A Business Read More »
Back in 2019, I remember being surprised at a survey by toy maker Lego that asked young adults what they wanted to be when they grew up. The top answer was YouTube creator! Of the 3,000 children surveyed between the ages of 8 and 12 from the U.S., U.K., and China, a surprising 33% said they
Helping Others While Making Millions On YouTube And TikTok Read More »
To my dismay, my beloved hot tub stopped working the other day. It had been fully operational since 2016, but when I went to visit it for a late morning soak, I found its GFCI circuit breaker not working. When I tried to flip it back on, the circuit popped down within three seconds. I
When To Cut Your Financial Losses When Paying For Service Read More »
