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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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3 things We Did to Solve the Racial Wealth Gap for Our Family
The racial wealth gap is a widely discussed and known issue in the US. While wealth gaps are prevalent worldwide, America has been on a divergent path for a while. In the second quarter of 2023, white households held north of 85% of total wealth. The median white household is hovering at $284,310 while Black wealth trails behind at less than $45,000. That’s a difference of 6.5 times. The Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020 did a great job summarizing how we got here. You can definitely read it for yourself. It’s filled with incredible insight into how freed enslaved people (1860) were able to converge wealth…
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How Much Money or Wealth Do You Need to Be Part of the Middle Class?
Is the middle class shrinking? Most want to be rich while no one wants to be poor. So most call themselves Middle Class to fit in. But how much income do you need? How much wealth do you need?
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How to Create $7k in Passive Income Quarterly – Q3 2023 Recap
The second quarter of 2023 was hopeful but the third quarter was a struggle. High Inflation is here to stay. A global recession is pretty much certain for 2024. In translation, get creative and earn more.
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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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Ready to Pay an extra $400 toward Student Loans Monthly?
After 3 years of Federal student loan forbearance, Americans will contend with a familiar line item in the budget. Most aren't ready for it.
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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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Here are the Latest 401k, IRA, HSA, and Other Contribution Limits for 2024
One of the best ways to become an automatic millionaire in your lifetime. Don't skip on the contributions.
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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
