By: David Ashley, MD, MBA Yesterday the Consumer Price Index, or CPI, came in at 4%, slightly below expectations. This means that consumer prices are still increasing but at a slower rate. This is referred to as “disinflation.” Last month the number was 4.8%, indicating that inflation is improving. It is still double the Federal … Interest Rates, & the Future For Inflation
By David Ashley, MD, MBA In the last couple of weeks, we have had updates to the Producer Product Index, Consumer Price Index, and Retail Sales report. These reports are relevant to the likelihood of an impending recession. The Consumer Price Index (CPI) measures the average change in prices of goods and services over time. … May Recession Watch
By: David Ashley, MD, MBA You may have heard a reference to the BRICS countries in the news. The previously used acronym was BRIC, introduced in the early 2000s by a Goldman Sachs analyst who referenced these expanding emerging market countries with many commodities and natural resources. He predicted certain countries would dominate the world … BRICS Countries Alternative to the Dollar
The Financial Independence Retire Early (FIRE) movement is a lifestyle movement that emphasizes achieving financial independence at an early age so that individuals can retire early and live off of their savings and investments. The goal is to accumulate enough wealth through savings, investment, and frugal living to be able to retire in their 30s … The FIRE Movement – Financial Independence Retire Early
Goal setting is a powerful tool that can help you achieve your dreams and aspirations. It’s a way to turn your hopes and desires into a clear, actionable plan. When you set goals, you give yourself direction and focus, which can help you stay motivated and overcome obstacles. To set effective goals, it’s important to … <strong>The Power of Goal Setting and Saving Money</strong>
Many options are available to individuals looking to grow their wealth when investing. Among the most popular investment vehicles are CDs, high-yield savings accounts, bonds, and US treasuries. Knowing the differences between each option can help you make an informed decision about where to save and invest your money. Certificates of Deposit (CDs) Certificates of … Low-Risk & High Return Investment and Saving Options
By: David Ashley, MD, MBA We keep hearing about the negative side of increasing interest rates in the news. It now costs more to borrow money for homes, cars, education, and other items requiring a loan. There is, however, a positive side to all of this. For the first time in over ten years, you … The Positive Aspect of Higher Interest Rates
When building wealth, compounding interest is one of the most powerful tools at your disposal. Compounding interest is the process by which the interest you earn on your savings is added to your principal balance, which then earns interest on both the principal and the interest earned. Over time, this can lead to significant growth … The Power of Compounding Interest
In today’s world, where the internet is easily accessible to a vast majority of people, online tutoring has become a popular side hustle for those looking to make extra income. The convenience and flexibility of online tutoring have made it an attractive option for both students and tutors alike. Why Become an Online Tutor? Online … <strong>The Top Side Hustle for 2023 – Online Tutoring</strong>
By: David Ashley, MD, MBA In the last update, I discussed the various economic observations that go either against or in favor of a recession being declared in the near future. That was written a few days before the two recent regional bank failures, Silicon Valley Bank in California and Signature Bank in New York. … Two Failed Banks
