Our Financial Reality and the Value of Financial Principles
By Trent Hamm Updated on 04.26.19
Over the last few months, I’ve seen a great deal of criticism of various financial and frugal bloggers who have achieved financial independence of some kind, arguing that their stories of being frugal and careful with their money and the strategies they share are somehow tainted because they earned a high income. Today, I wanted to address those ideas.
For starters, if someone has a good frugal idea, I don’t care if their annual income is $10,000 a year or $1,000,000 a year.
One Last Thing
By Richard Quinn April 25, 2019
ONLY ABOUT 40% of Americans have a will, including just 58% of those ages 53 to 71. The good news is, among those of us 72 and above, the percentage is much higher—81%.
Putting in place a will, trust documents, powers of attorney and so on is no easy task. I’ve been through the process twice and it’s not fun, mostly because a good attorney will ask a lot of uncomfortable questions you’d probably rather not think about—like, do you want to designate someone to pull the plug, or which of your children should be executor, or should you pick someone else entirely?
Sam Oliver :
A lot of brokers are watching for market corrections at this point. A market correction happens when there is a price change of at least 10% in a market price.
These corrections come when there is a significant move in the market to cause prices to inflate for one reason or another to higher prices than a market price is determined to be fair.
When you have a stock that is on the rise, traders ride this momentum up buying into the rising stock until it reaches a point where there are no more buyers. At this point, the traders sell and move on to the next opportunity. In other words, you are always seeing movements in prices because of trends or market patterns.
Many investors buy the dip or when they see a price on goods and services move downward until it reaches a point whereby one believes it will eventually move back up to it's original price at the very least.
In the case of an inflated worldwide economy caused by prices on stocks holding a debt based price, you will always be in need of another buyer behind you to prop the money flow up.