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 […] The post Reciprocal Tariffs Actually Make Wealthy...
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, […] The post Putting Up A Paywall To...
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 […] The post Stagflation Is Worse Than A...
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 […] The post Various Things Children Can Do...
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 […] The post Helping Others While Making Millions...
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 […] The post When To Cut Your Financial...
Since 2009, I’ve been writing about the importance of working to live—accumulating wealth to achieve financial independence and freedom ASAP. But despite years of advocating for this lifestyle, I’ve come to realize that convincing people remains an uphill battle. Instead, I now have proof that live-to-work is back and stronger than ever! “Live to work” […] The post Live-To-Work Is Back And It...
