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With 90% Growth in 2023? How to beat the S&P with this Investment Portfolio
The Neighborhood Finance Guy writes about financial literacy topics: Financial Planning, Budgeting, Millennial Money Management, Investment Portfolio Strategies, Retirement tips, and more. The goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money. The information is free but the struggle is not sold separately. And, if you are into this sort of thing; the blog is PLUTUS nominated, I studied Accounting with a Specialization in Taxation, served in the US Marine Corps and now work as an Auditor. I’m also big on Traveling and watching Anime. While often confused with Savings, Investing yields more rewards Based on news reports, the economy narrowly avoided a true…
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Here’s The Simple Guide to Build Wealth Every Decade
Start by considering every decade of your life, as compounding seasons that lead to wealth. While stock market volatility, unemployment numbers, and CPI aren’t at the top of the societal conversation, they are important context clues on managing your money. If financial experts say that we are heading toward a downturn, it should be a mental note about your savings or lack thereof. When times are great, that’s where you should plan for when times aren’t. This doesn’t imply that you can’t enjoy the moment, however, it’s a reminder that all good things may not last forever. With the possibility of recession looming, instead of being anxious, consider your time…
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How We Created $30k Wealth Investments in December
Early December Santa Claus helped to sweeten 2023. Our stock performance bumped up 28% and our net worth followed.
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How to Prepare for 2024 Market Turbulence while The S&P 500 Set to Close at 5,200
Below are the newest 2024 S&P 500 forecasts. The S&P 500 price targets range from 4,250 to 5,200. This implies returns of between -8% and +12.5% from the December 11, 2023 close of 4,622. We seem to have survived the worst of the cocaine bear market (when the S&P 500 hit 3,577 in October 2022). Based on economist predictions, there will be strong income growth (amid cooling inflation and a robust job market). With the expectation that federal rate hikes have delivered their biggest hits to GDP growth in 2022 through 2023, manufacturing is set to recover in 2024. The key risks to the S&P 500’s performance include consumer sentiment,…
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How $3.4 Million Became the Price of the American Dream
Based on Investopedia, the American Dream now costs over $3 million. Well, $3,455,305 but what’s an extra $450,000 between friends? See the dream isn’t dead, the reality is that it costs a lot of money over your lifetime. Against the backdrop of sustained high prices and lingering inflation, the average American is struggling to keep up with the social media Joneses. Gone are the days of discipline and measured spending, in are the days of conspicuous consumption, higher credit card debt balances, and toxic poverty porn. Surrounded by the conversation of debt crises and financial trauma, did Investopedia drop clickbait or are they unto something? We will go through each…
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Sitting on Cash Could Cost You a Lot of Money
Cash comes with an opportunity cost – by sitting in cash, investors may miss out on the potential upside stocks could see in a soft landing, lack the protection that bonds can offer if a recession does happen, and lose out on the inflation protection that real assets have.
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We are Back for the First Time with a Millionaire
The TFG crew is BACK! Well 2/3 of us. LOL, Lawrence and Alainta catching up on life. And celebrating Mister Millionaire status (Lawrence Gonzalez) net worth. It's all joy and a bit of social critique. So what's going on around the world?
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$82,353 is the Salary You Need To Make To Obtain Millionaire Status
More People Should Build Wealth. It's Easier than You Think. Most Millennials Can and Should Consider Becoming Millionaires.
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The True Wealth of Inheritance: Cash Flow and Opportunities
Over 1 in 5 US households received an inheritance, according to the 2022 Federal Reserve’s Survey of Consumer Finances. The average American inherited nearly $60,000. While the majority will inherit zero or debt, those who will receive this windfall can expect around $266,000.
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Born a Crime by Trevor Noah is a Must-Read, Here’s Why
Today the crew discusses Trevor Noah's autobiography, Born a Crime: Stories from South Africa. An amazing tour de force book with powerful lessons that we can all learn from. It's a biography of South American society as much as it is a deeply personal story of Trevor Noah's life. It is both charming and thought-provoking.
