Stocks are down, the S&P 500 is down, bonds are down, and crypto is down. Red is all we are seeing. We have officially entered a recession and it may not be ending anytime soon. I get it, many of you are feeling worried about the future. It’s uncertain and that is scary. Well, this post was created for you.…
“Employers posted a record 11.5 million job openings in March and the United States now has an unprecedented two job openings for every 1 person who is unemployed.” – Washington AP You heard that right. There are currently 2 jobs available for every 1 person unemployed, meaning we are in an employees’ market. Companies are looking to hire and are…
As an investor, you get taxed on the gains you receive from selling an investment. This should be something you know by now (and if you want to learn more about how you are taxed, check out this article). The way you are taxed is decided by how long you hold the investment for. If you sell within 1 year,…
In this past, the only things you could really invest in were stocks, bonds, commodities, and real estate you owned outright. However, the world has changed and you can now invest in pretty much anything you want to. Let’s look at some of the options you have today! 1) Wine 🍷 Wine has been a valued good for as long as…
According to CNBC “Social Security reserves are projected to be fully depleted by 2035.” Let’s be real, we have all heard this many times in the last 10 years and it seems like every year the timeline is moving up. As someone in their 20’s-40’s, you probably are not planning on receiving social security benefits. Almost everyone I talk to…
Everyone enjoys receiving a large bonus. It’s one of the greatest feelings you can have at work. One misconception I often hear is that bonuses get taxed at a higher rate than income. Let me explain why you think this and why it is not true. Bonuses sometimes get taxed higher when you receive them because they are considered “supplemental…
Insurance is one part of your finances that you probably hate, but it is an area you cannot overlook. Mitigating risk is such an important part of your financial plan. In this blog post we are going to dive into the main types of insurance you need. 1. Car Insurance If you own a car, your state most likely requires…
Not everyone needs a financial planner, but almost everyone could benefit from working with one. In this blog post, I am going to share with you 5 reasons why hiring a financial planner as a millennial could be helpful for you. 1. Financial Planners Create Forced Accountability One of life’s most useful tools is accountability. Think of why you have…
“Bitcoin is a scam” “Bitcoin is a ponzi scheme, it has no real value” “We don’t need crypto in the US, they will never allow it” These are the same sentiments I hear about Bitcoin all the time, and they rarely come from those who have taken the effort to learn about it. They’re simply echoing what they’ve heard from…
Personal finance is as personal as it gets. We all have different beliefs on what everyone should be doing with their money, but the thing is we should all be doing different things with our money. In this post, I am going to examine 5 different personal finance beliefs that I completely disagree with. 1. You Need To Budget and…