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I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.
Good morning to you Reader, The Federal Reserve opted to keep rates the same in their July FOMC meeting. If you peek at the CME Group's FedWatch tool, traders believe there's an 80%+ chance the Fed drops rates in the September meeting. With the poor job numbers last week and the unpredictable nature of these tariffs, the economy is looking a bit shakier. Traders are anticipating the Fed will have to make a move. If the Fed drops rates, interest rates across the board will fall too. If you...
Good morning to you Reader, Did you know that the US dollar has lost 11% of its value in the first of 2025? (Source: Morningstar) It's the worst half-year performance since 1991. So as you watch some assets go up in value (crypto, gold), recognize that a big part of that has to do with our dollars being worth 11% less than at the start of the year. Yikes. (View this email as a webpage) 📅 How my thinking about money has changed I'm about to celebrate a birthday and I took a few minutes to...
Good day to you Reader, Thank goodness for emergency funds - our Bosch dishwasher showed the dreaded E:15 error (water leak) and despite my best efforts, it wasn't an easy fix (replace a diverter valve). A call to a technician and a few hundred bucks later, it was fixed. A $50 part = hundreds when you need a professional to diagnose and install it. Hopefully nothing else breaks for a few years! (View this email as a webpage) 📅 Beware the monthly trap Ever wonder why everything is sold as a...