The Federal Reserve released their wealth distribution data for Q2 of 2023 and it has some very interesting charts and data. Wealth Distribution The Federal Reserve breaks down wealth distribution into five groups. Wealth Distribution By Generation According to the Federal Reserve, the Baby Boomer generation has the bulk of the wealth followed by Generation…
Month: September 2023
It Feels Like 2007 All Over Again
The stock market has been having fits, housing is not affordable for most people, the central bank is rising interest rates to the point that mortgage rates are now hovering around 7.5 percent. To make matters worse, the Federal Reserve (America’s Central Bank) said at their last September meeting that rates would be held higher…
Cancel Costco, Use Instacart
One of the few places I enjoyed shopping retail was at Costco. I use the word enjoyed in the past tense because I canceled my Costco Executive Membership and I doubt I will ever go back to renew. Let me tell you why… The Good Let’s cover what I liked about Costco. First, the store…
Learn To Outsource As Part of Your Personal Financial Journey
I was reading Reddit this morning and came across this post from someone who’s spouse got a new job and created a lot of turmoil in their household. Essentially, the ‘normalized’ pattern of life was disrupted when the author of the post wife got a new job and changed their entire schedule. Reading that post…
How To Prepare For A Recession
Is your spidey sense tingling? I don’t know about you buy my spidey sense is tingling and when that happens it means an economic recession is coming so how prepare for one? Loss of Job The worst thing that typically happens during a recession is people lose their job. In 2008, when the financial crisis…
How To Do Due Diligence On Real Estate Investment Rentals
As I accumulated more and more money it became necessary to diversify my investments and one of those roads led to me real estate rental properties. My first rental property was actually a bit of an accident. I had been offered a job in a different state and they offered a relocation package that included…