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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 day Reader! You may start hearing the term K-shaped economy and wondering what it means. Companies that span the economic spectrum, like hotels and airlines, are seeing this in their business. (Marriott CEO just said this) It means that the economy is split in two groups and higher income households are doing better while lower income households are doing worse. It's the phrase "the rich get richer." Wealth inequality, measured by the Gini index, reported by the World Bank for FRED...
Good morning Reader! I love the Olympics. I prefer Summer over the Winter because of fencing (I fenced foil in a high school club and picked it up recently as a fun sport to do with our son), but I enjoy it all. For many athletes, it's a culmination of years of work and dedication to what is often a niche sport the world only cares about once every four years. Well, this year they're introducing Ski Mountaineering, or Skimo, to the Olympics. It's a mix of alpine skiing, climbing, and hiking....
Good morning Reader! Ahead of tax season starting in just a few days (Jan 26), the IRS has issued IP PINs for this year. If you're concerned about tax identity theft, here's how to get your PIN. Also, the Federal Reserve is set to meet next week and traders believe there's a 95% chance they keep rates the same. A small 5% chance they'll cut it by 25 basis points. As a result, we're not seeing any movement in savings and CD rates. 💲 Best Bank Rates (as of 1/20/2026): High Yield Savings - 4.31%...