Guiding the Way to Financial Freedom
In times of economic uncertainty, it’s crucial to fortify your household against potential financial storms. But where do you start? Here are 20 practical steps to help you and your loved ones navigate through a recession with resilience and confidence. #1. Build an Emergency Fund Establish a savings buffer equivalent to at least three to … Read more
Your parents’ attic or garage isn’t just a storage space—it might just be a treasure trove waiting to be explored. Have you ever wondered what forgotten gems could be gathering dust up there? From vintage toys to classic vinyl, you might be sitting on a small fortune without even knowing it. #1. Vintage Video Games … Read more
Understanding tax credits can be incredibly complex, yet to ensure one can benefit from all that is available it is crucial to know what opportunities lie within the U.S. tax system. Understanding Tax Credits Tax credits are not mere deductions; they are even more valuable. As Eric Bronnenkant, head of tax at Betterment, states, “This … Read more
Have you ever wondered how your political leanings might impact your retirement plans? Whether you’re a die-hard Republican or a staunch Democrat, understanding how your beliefs influence your financial future is crucial. Let’s take a closer look at how political affiliations influence individual retirement strategies. #1. Social Security Reform If you lean Republican, you might … Read more
Retirement is emerging as a looming nightmare for the oldest members of Generation X. Despite making up one-fifth of the population, and this generation is silently grappling with the largest wealth gap of any cohort, as revealed in the Schroders 2023 U.S. Retirement Survey. The Retirement Crisis Facing Gen X As Gen Xers, over 65 … Read more
Another high-profile financial figure has stepped forward to warn about the potential impacts of the US trillion-dollar national debt. Cooperman Speaks Out The US is being nudged ever closer to a financial crisis as a result of trillion-dollar debt, according to billionaire investor Leon Cooperman. Interview With CNBC In an interview with CNBC on Tuesday, … Read more
It’s looking to be a good week for Alphabet, as Google’s parent company soars in value on the stock market due to recent announcements for investors. Dividends and Buybacks Alphabet Inc., the parent company of tech behemoth Google, announced on Thursday that it will be issuing its first-ever dividend to investors, as well as authorizing … Read more
Younger generations in the US may not yet understand how much retirement expectations are changing with the economy, according to recent surveys. Economic Turbulence Millennials, who are between 28 and 44 years old, have faced a lot of financial strife as a generation, including recessions, housing crises, and a pandemic that temporarily shut the whole … Read more
The world of billionaires is volatile and subject to rapid changes in fortune. From market crashes to poor investments and changing business landscapes, various factors can cause even the wealthiest individuals to lose their billionaire status. What leads to such dramatic financial reversals, and how do these former billionaires cope with their new realities? #1. … Read more
Sometimes, what’s trending as a sure investment or collectible fizzles out, leaving many to wonder why they jumped on the bandwagon in the first place. Ever wondered about those items that were all the rage but now barely fetch a dime at a garage sale? #1. Beanie Babies Once believed to be a solid investment, … Read more