War profiteers descend on battlefields like personal injury lawyers follow ambulances. The profiteering happening in Ukraine comes as no surprise. War is a business, and business is booming in Ukraine. There’s over $62 billion in aid the Pentagon sent Ukraine in 2022. This is a war profiteer’s dream, and there are varying voices in the…
We have sadly become a society that only cares about two things: Money and Social Status! Let me prove my point… When we first meet someone, we usually get the name out of the way, which we most likely forget within seconds because our main subconscious focus is on the next question… What do you…
There are seven skills that a trader needs in order to not only survive, but to thrive! Without discipline, no trading system will be successful. Without risk management, a trader will certainly blow up their account. Without passion, a trader will not have enough energy to get through the trials and tribulations of going from…
The past 2 days I’ve shared with you some way to improve your personal finances. Full disclaimer: I’m not a licensed financial advisor, so they’re just ideas to get you thinking about what could work for you. Today, though, I’m going to share with you what I’ve done for myself. Each component of my income…
Automate savings One of the best ways to supercharge your savings is to automate them. Automating your savings means having a portion of your paycheck automatically sent to your savings account. Alternatively, you can set up regular transfers from your checking account. This cuts down the chances of spending money you meant to save since…
Start an “emergency fund” An emergency fund is your financial safety net. Without it, any unexpected expense, such as car repairs or a medical bill, can throw your budget into a state of chaos. Financial planners generally recommend having between three and six months’ worth of basic living expenses in your emergency fund. This figure…
It’s impossible to have an economy with 0% unemployment, but it’s also difficult to maintain low unemployment without initiating painful inflation. Since 1977, the Federal Reserve has focused on creating maximum employment and maintaining stable prices, commonly known as the dual mandate. Yet, maximum employment is difficult to quantify. The Fed on its own cannot…
I read the following CNBC headline this past week and was floored, but only for a second because that’s about as long as it took me to realize why: “63% of Americans are living paycheck to paycheck, including nearly ½ of 6-figure income earners” The cost of living has increased tenfold over the past year…
This past Sunday, the wife and I ran a few errands, stopped by the cemetery to visit my mom and grabbed a quick bite to eat. This isn’t out of the norm for us. It’s pretty much our standard Sunday routine. I was craving a steak — and not just any steak. I wanted a…
Analysts have been running around calling the bottom for the past year in hopes of being able to say “I told you so” six months down the road. Jamie Dimon, longtime JPMorgan Chase CEO, said of the latest financial shock in his annual letter: “The current crisis is not yet over, and even when it…