-
The Ten Most Powerful Money Habits of Millennial Millionaires
Time to understand the Millennial Millionaire Habits. According to a 2019 report from Coldwell Banker Global Luxury and WealthEngine, there are approximately 618,000 millennial millionaires in the United States. This number makes up approximately 2 percent of the total US millionaire population and 0.2 percent of the general US population. The typical millennial millionaire has a net worth ranging from $1 million to $2.49 million. Real Estate (RE) makes up a healthy position in their portfolio. As such, wealth millennials view RE as a key way to build cash flow, leverage debt, and build wealth. While the average millennial millionaire owns three properties, they generally live near the coast in dense metropolitan hubs. These…
-
How to Bring in $24k of Passive Income by Q4 2023
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $24,000 through 2023. Extra Money is Good Money! With the market slowing through 2025, time to get creative and earn more before the next super cycle.
-
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…
-
Millennials will need nearly $190,000 annually to survive 2060
Nothing erodes Wealth faster than Inflation. If the cost is $73k in 2022, it will explode to $190k by 2060. Are you making the adjustments?
-
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,…
-
If You Think It Costs A lot Today, Check Out These 2030 Estimates
Nothing erodes Wealth faster than Inflation. If the cost is $73k in 2020, it will balloon to $95k by 2030. Are you making the adjustments?
-
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…
-
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.
-
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?
-
$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.
