savings

The Myth Of Retiring Early

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Some of the most widely shared articles on the internet are on the concept of FIRE. Fire stands for Financial Independence Retire Early. The basic assumption is that you hate your job, so you will be happier by saving most of your money while you are working with the goal…CONTINUE READING

Are You Paying For Your Neighbor’s Vacation?

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Financial security and stability have immense value just like any product or service. It can become a product as is the case with insurance. It’s clear financial stability has value, but how do we pay for it outside of insurance? The two most prominent ways we pay are through delayed…CONTINUE READING

Delinquencies & Savings Rate: Truth In Details

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Delinquency rates on credit cards are important because GDP is mostly driven by the consumer. If the consumer can’t borrow money to buy goods and services, a recession is in the cards. This is probably why the chart below has gone viral among the bearish investors. The delinquency rate on…CONTINUE READING

What Happened To Your Savings?

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The United States and its citizens are generally not known to be the world’s biggest savers, not for the last few decades at least. The current rate of savings is 5.5% in the United States. Other countries grab the distinction with savings in low double digits. While some may immediately get…CONTINUE READING