Winter is coming, bringing the potential for increased financial hardship. Here’s how to prepare.

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Photo by Zac Durant on Unsplash

AUTHOR’S NOTE: If you’ve been reading my work for a while, you know I typically write about financial freedom through investing and understanding how money works so you can unlock your own earning potential. I hope one day to return to writing those types of pieces. …


Finally all in one place!

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Via Matt Lamers on Unsplash

With the variety of places (The Startup, Making of A Millionaire, The Ascent, to name a few) that I’ve published stories about personal finance and investing over the past year, I thought it might be helpful for my readers if they were all linked in one place, so you don’t have to go scrolling back through my page to find them all.

So, without further ado, here are links to each and every one of my investing tips/personal finance posts!

I Built A $300,000 Nest Egg On $68K A Year, And You Can Too

The US Economy Won’t Recover For Awhile, So It’s Time To Optimize For A…


It’s not about what you make, it’s about what you keep.

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Photo by Fred Kearney on Unsplash

Author’s Note: According to this handy chart, the average annual income for a 34-year-old male in the United States is $63,419. And this site lists the annual income for someone with a Master’s Degree as $78,000.

My average annual income, since joining the military twelve years ago, has worked out to $68,000 a year, or right in the middle between my age bracket and education bracket.

On the day I was commissioned as a Second Lieutenant in the United States Air Force, I had an approximate net worth of negative $7,500.

While I was very fortunate to be able to attend and graduate college without taking out student loans, I got suckered into taking one of the many “career starter” loans that are out there to entice dumb college kids like me with low interest rates and promises of “you’ll never have a loan this good again.” So, I used the money to buy my so-called LieutenantMobile. I had to show folks that I had “arrived” after all! …


How to capitalize on this multi-trillion dollar shift in the global economy

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Photo by Nastuh Abootalebi via Unsplash

“The best time to plant a tree was twenty years ago. The second best time is now.”— Chinese proverb

A seismic shift has taken place in the world of business and finance.

No, I’m not talking about Bitcoin, nor am I referring to the ongoing ups and downs of a stock market still caught in the throes of a global public health crisis.

What I’m talking about is the long-predicted, but much-delayed demise of the last of those great bastions of Industrial Age thinking: the office construct.

It’s ironic that it took the deadliest pandemic in a century to finally demonstrate the fallacy of the idea that work can only happen in a purpose-built, dedicated building. Companies, individuals and the scribbling class have been trying to push the outdated idea of the office over the cliff and onto the trash-heap of history for 25 years now, but it hasn’t happened. …


Here’s three things you need to do today to protect your financial future.

Author’s Disclaimer: I am not a professional financial adviser, and this article is not intended as professional investing advice. Any and all recommendations herein are exclusively from my own personal study and experience.

A couple of months ago, I wrote this article, about how trying to time the market to take advantage of the so-called “Coronavirus Dip” was a risky proposition, and how the safest thing the savvy investor could do would be to do nothing. I still stand by that advice; making no significant changes to your portfolio, or your plan, is always the safest thing you can do. Giving in to irrational pessimism or untethered optimism are both signs of the same lack of emotional regulation in any market. And that, my friend, will cost you money every. single. …


Everyone has their take on what the Founders would have done, why not ask them?

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Photo by John Bakator on Unsplash

Unless you’ve been living under a rock, you know that the COVID-19 pandemic in the United States has turned a corner. This turning is not strictly in terms of the virus itself, which continues to kill although there are hopeful signs. The corner we’ve turned is the same one we always turn, sooner or later, in America: public opinion has now risen up surrounding the question of what the federal, state and local governments should or should not be doing in response to the crisis.

At the time of this writing, most of the 50 states are still under some form of “stay-at-home” order, and most nonessential businesses remain closed. However, over the past two weeks, waves of public protest have arisen calling for the government to rescind any and all stay-at-home orders and for businesses to reopen. Calls for reopening business have come from all corners of the economy, and have included President Trump himself, although he seems to have backed away from the more forceful positions he took earlier in the month regarding reopening the nation’s economy. …


Knowing the answer makes all the difference

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Photo by Stefano Pollio on Unsplash

It’s a scary time to be alive, right now. There’s a lot going on that could potentially do lasting harm to society, our way of life, perhaps even to life itself. As a planet, we are facing a multitude of theoretically existential threats.

But I think it’s also fair to step back from the situation for a moment and ask ourselves “is it really so bad out there?”

It may be cynical of me, but aren’t we always facing some potentially existential threat?

When has our world been free of chaos? When have our daily lives been free of care and worry? Why are we panicking now? Is the Coronavirus really that much scarier than SARS or H1N1? Is the stock market crashing that much harder than in 2008, or 1929 (some would say yes)? Is our political system that much more dysfunctional than it was under Richard Nixon, or James Buchanan, the president who brought us to the brink of the Civil War through his inaction? …


Boy, have we had a lot to talk about this week! Since our last newsletter, so much has changed in the world, and we want to talk about it. Let’s start with the dreaded Coronavirus and the (ongoing) havoc it’s wreaking on the stock market. I wrote up my thoughts on how to best posture yourself to not only survive financially, but even stand to thrive a little bit in times of financial uncertainty with this piece:

Boy, have we had a lot to talk about this week! Since our last newsletter, so much has changed in the world, and we want to talk about it. Let’s start with the dreaded Coronavirus and the (ongoing) havoc it’s wreaking on the stock market. The Startup graciously published this quick primer I wrote on how to best posture yourself to not only survive financially, but even stand to thrive a little bit in times of financial uncertainty with this…


Viruses, election angst, and now oil prices are dropping too.

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Photo by Christian Erfurt on Unsplash

This morning, the SPDR S&P 500 ETF Trust (NYSE: SPY) opened at $275.38, or more than $60/share lower than its 52-week high just twenty days ago. Meanwhile, the Dow Jones Industrial Average cratered 1,400 points over the weekend, vaporizing further trillions in value as investors and world governments alike try to slow down the hemorrhage of money. In the midst of all this, OPEC‘s failure to come to a deal on energy prices has led the Kingdom of Saudi Arabia to slash oil production, threatening a massive crash in oil prices and futures.

In other news, it appears increasingly likely that the Democratic Presidential race will be a two-horse affair between former Vice President Joe Biden and Senator Bernie Sanders of Vermont. As both men have shown surprising momentum in the race, their respective relationships with Wall Street (one cozy, the other decidedly antagonistic) have caused markets to wobble with each passing primary contest. …


But it’s probably not the job you think

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Photo by Steve Harvey on Unsplash

This past Monday morning, as the world braced for the reopening of stock exchanges in the wake of Friday’s partial meltdown, the highly popular mobile investing startup Robinhood went offline.

The official statement from the company said that the outage was caused by “instability in a part of our infrastructure that allows our systems to communicate with each other,” which, rather than calming the panic and frustration felt by users who were missing out on the largest daily point gain in the Dow Jones Industrial Average’s history, only made things worse, and led to speculation and calls for class-action suits against the company for the failure of its app. …

About

Jay Michaelson

Writing about life, leadership, money and business.

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