Sudden Savings Surprise

Anyone that has tried to make a major purchase recently – a home, remodel, new vehicle, or electronic purchase – knows how tight supply is for everything after the pandemic. At the same time, investors are wringing their hands over rising inflation. With that in mind, I was surprised to see this JP Morgan chart on the US personal savings rate. People are doing a … Continue reading Sudden Savings Surprise

25 Proven Moves To Reach Financial Independence

Reaching financial independence requires a combination of good choices and good fortune. Even the best laid plans sometimes go awry, but if you aren’t making smart decisions along the way, it won’t matter. Recently a post on the early-retirement.org forum asked “what changes/sacrifices did you make to reach financial independence?” In general, the folks responding are a very successful group of early retirees and their … Continue reading 25 Proven Moves To Reach Financial Independence

A Tale Of Two Charts

Americans have been cash-poor for decades leading into the pandemic last year. It seems that using credit – mortgages, student loans, car loans, and consumer credit – have just become an unfortunate part of American life. Related: Debt Has Spread Like Virus With the pandemic, people are spending less on discretionary things like travel and eating out and the government has sent out several rounds … Continue reading A Tale Of Two Charts