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Stock Market to Perform better after the Fed Rate Cuts?
Since 2019, the stock market has performed exceptionally, with a 95% gain or an average of 19% annually by 2024. Despite prior downturns, economists predict a new bull supercycle, offering investment opportunities. Staying aware of market trends and adopting a smart investment strategy is crucial for wealth growth amidst economic volatility.
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Where’s Your Money Going? How to Track Your Expenses.
According to a 2024 Debt.com survey, nearly 94 percent of households noted that they have a budget. And yet, Americans are struggling with their expenses. With higher-than-average inflation, low wages, and high revolving consumer debt, it’s time to modify your behavior. Tracking and managing your expenses is the difference between barely making it and becoming wealthy. As you may know, the TNFG household reviews our expenses monthly or as often as needed. It’s a great opportunity to make cash flow changes instead of unexpected changes. Life happens. I repeat Negative Financial challenges will happen just as often as Positive ones. Know that they are coming and learn to adapt and…
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Here’s the Solution to The $4 Million American Dream
Based on the last 12 months’ CPI number, the American Dream costs over $4 million. A recent analysis estimated the median cost for a family of four to live the Dream in each state was $156,666 annually. A number that seems to be rising at least 4%-5% year over year. All of this is at a time when 80% of millennials and Gen-Zers think it’s impossible to attain. As of August 2024, the median savings account balance in the United States was $8,000. Inversely, the average credit card balance for QTR 2 was $6,329 per consumer. Folks are going broke while arguing which multi-millionaire should be elected. Just 41% are…
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How to Multiply $100k Worth of Opportunities Using the Net Max Financial Plan
Reaching a total investment portfolio of $1M and now it's time to draft, plan and multiply $100k worth of opportunities.
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4 Tips on How to Beat Inflation. Stock Market Performance Between 2020 and 2024
As of April 2024, the stock market was down 5% and inflation is still up 3.4%. Although the market recovered since, day-to-day life has become unaffordable for most Americans. In 2024, money isn’t cheap anymore; proving that financial illiteracy is expensive. At this rate, your knowledge or financial awareness equals your family’s future purchasing power. If you want to compete in modern times, it’s now mandatory to invest. Investing $100 in the S&P 500 at the beginning of 2020, you would have about $145.67 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of nearly 46% percent, or an annualized average return of 10.8% per year. But that’s…
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How We Made $5k+ in Passive Income for Q2 2024
The second quarter of 2024 was tight. High prices raged on and it's likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. Nearly $7k in gross passive income is still income.
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The ‘Millennial Dream’ of a Condo, EV, Farmer’s Market, and Travel Now Costs $6.8 Million
From EVs, expensive homes, farmers' markets, and travel; our 'Millennial Dream' is expensive. We will need nearly $7 million.
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How to Rekindle Love and Wealth During an AI Bull Market
All is Fair in Love, Inflation, and Nvidia. Since we can't predict the future best thing to do now is to inflation-proof your net worth. Hopefully this is a start to an AI bull market.
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How to Create a Modern Savings Plan That Scales
65% of Americans will be impacted by a financial emergency. Only 27% have an emergency plan in place. Here’s How to Create Your Own Acid Plan
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How to Kick-Off Your Wealth for the New Year
Coming off of a rough 2022 and a stellar 2023, we are going right into 2024. While the mental kick-off was slow, it's a relief to have at least one month of solid stock performance to set the tone. 2024 should be challenging but solid.
