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Where are Americans Making Over $100k in a Year?
With the median salary in the US in 2022 set at $70,784 (down 0.5% from $71,186 in 2021), where are Americans making $100,000 or more? From perfectly curated kitchens, social media has a knack for filtering “positive stories,” devoid of inflation and high prices. Nearly 61% of Americans are reportedly living paycheck to credit card debt. The US personal savings rate plummeted to 3.9% in August 2023 (down 0.2% from July). This is well below the decades-long average of roughly 8.9%, especially as debt accumulation rises to record highs. The median weekly earnings of full-time workers in the four months ending December 2022 were $1,050 (less than $53,000/yr). Any amount above…
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How to Redefine Achieving Meaningful Success through Conquering Fear
There is nothing left to fear but fear itself.
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The Top Seven Most Productive Ways to Close Out the Year
And just like that the 4th quarter is here; it's not too late to be productive and close out strong. The goal is to set up the next year.
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Engaging in Mandatory Wellness Checks: The Lonely Epidemic
The crew is back together and catching up. Today we discuss the lonely epidemic and the ways many of us struggle with the different levels of loneliness. And the realization of needing relationships and people. Being lonely is associated with an increased risk of heart disease, depression, and cognitive decline. The solution - Social Connection
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American Households in 2022 spent $72,967. How much did we spend?
The Average American Household earned $94,003 pre-tax and spent over $72,967 in 2022. Unfortunately, they only saved $8,742. How did we do?
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Important Information to get your Financial Affairs in Order Before Death
Getting your financial affairs in order before death is the best way to protect and support your family. Don't wait to get it right. YOLO
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You Need to Buy a Home, Renting is Expensive!
The narrative that “renting and investing the difference” is always better than home ownership is oversimplified and problematic. Ramit Sethi (Author, millionaire, and financial influencer) has been on a personal crusade to encourage a generation to live as perpetual renters. Why? He is a fervent believer that most people will get rich doing this. Unfortunately, he misses the mark. Let’s break it down. Return on Investments from Renting and Owning Owning a home isn’t just about the monetary Return on Investment (ROI). It’s about having a space that’s truly yours, a sanctuary where memories are made. This intangible value is irreplaceable and can’t be measured solely in financial terms. While…
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More Fables, Myths, and Financial Lessons from Short Stories
When discussing Financial literacy, it’s important to remember that we learned a lot of lessons from short fables, stories, and folklore. By the way, I didn’t write these stories. Just resharing them here to help jog memories with aha! moments. These stories were once pivotal as warnings or cautionary tales. When I was growing up Aesop Fables and Grimm Fairytales were amazingly dark. There were rarely happy endings with a heavy emphasis on life not being fair. Yet, they offered financial nuggets that stand the test of time. The Most Dangerous Financial Lessons Trusting Your Instincts A scorpion asks a frog to carry him over a river. The frog is…
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Since You Got A Degree and Know Everything!
Today 2/3 of the gang is present. Lawrence and Alainta discuss career prospects and earning higher degrees, the false expectations of dreams, and scam lives.
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Understanding the Necessity of Ownership in real life
Today we discuss the topic of black homeownership. We derived the conversation from a relator article breakdown of homeownership amongst different races and what the numbers mean for black communities moving forward.
