👶 Should parents help their kids financially?


Good morning Reader!

Last night, we had an almost full load to run the dishwasher and so I threw a pot in.

I looked at my wife and said "we made it!" 😂

It sounds silly but growing up, our dishwasher was mostly a drying rack. We'd rarely run it.

In my mind, sticking in a massive pot seemed decadent.

What was something from your childhood that seemed only for the wealthy that you now realize is fairly normal?


(View this email as a webpage)

👶 Should parents help their kids financially?

A Redditor learned that his parents had millions of dollars and he was furious. He was struggling, in credit card debt, and was very angry his parents were sitting on a mountain of gold.

Think he deserves to be angry?

I'd love to hear your thoughts (as a comment on the post if possible, or reply to this email if it's easier for you):

👉 How much should we help our kids financially?

📅 Year end tax moves

It's almost November and you'll start seeing a bunch of "year end tax moves" posts, but here's an early one to help you prepare before the holiday rush:

👉 Year End Tax Moves You Must Be Doing

🐄 Why is milk white but cheese is yellow?

Isn't that strange?

Vox did a short 6-minute video explainer that's fun to watch.

👉 The real reason cheese is yellow

What did you think of today's email?
I Loved It! 🟨 It Was Okay Not My Favorite

Take care!

Jim

PS. We're seeing CD rates slip lower and lower, now it's rare to see one above 5%. CD Valet has a few from smaller credit unions but the bulk are under 5% now. You can review the best rates here.

(see our archive of previous emails)


You signed up for this newsletter via wallethacks.com

We respect you and your attention. If you no longer wish to get emails from us, you can unsubscribe and we will still be friends.

If you like sending gifts, we like getting them here - P.O Box 323, Fulton, MD 20759

Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

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.

Read more from Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

Good day Reader! 🥳 Happy Tax Day! Our friends at Passionate Penny Pincher share a list of tax day freebies for 2026. 🔥 The BLS released the March inflation figures and the impacts of the Iran war are now percolating through the economy. Up 3.3% in March vs. last year, up from 2.4% in February vs. last year - that's a big jump. This also means the Fed is unlikely to lower interest rates, which means those with debt are unlikely to get a reprieve anytime soon. If you have high interest credit...

Good morning Reader! Moody's has an AI recession model that just said there's a 49% chance of a downturn. It's trained on 80 years of data and when the model hits 50%, there's been a recession within 12 months. And it's based on February data, which does not yet include the Iran war and its impact on oil prices. (and the two week ceasefire just announced yesterday night) That doesn't mean sell all of your stocks and hide. But it does mean it's time you should be playing defense in other areas...

Good morning Reader! You should watch this explanation of the Yen Carry trade and how its unwinding impacts our economy and your personal finances. As a long term investor, I am not adjusting my allocations or making any other significant changes. I will, however, make sure that my actual allocations match my targets. I believe in remaining informed, even if it doesn't affect my actions, because then I won't be surprised when something happens. The market is dominated so heavily by news...