The current state of the US economy has many people feeling uncertain and worried about the future. With talk of a recession and failing banks, it’s normal to feel uneasy about the state of our financial system. However, it’s important to remember that while we may not be able to control the overall state of … Navigating Economic Uncertainty
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
By: David Ashley, MD, MBA For the next few months, I will give a weekly update on conditions and observations that indicate whether or not we are going into recession or already in one. Soft landing, hard landing, no landing at all? The news has been all over the place lately. Let’s sort through it. … Market Watch with MoneyWellth
Car prices on both new and used vehicles are dropping dramatically. If you are considering buying a car, your opportunity to get a good deal is here now and will get even better over the next few months. So, save that down payment and be ready to negotiate. For 2023, buyers will finally be in … Are Car Buyers Finally in the Drivers’ Seat?
A 529 savings plan is a tax-advantaged plan designed to encourage saving for future higher education expenses. Contributions to the plan are not tax deductible at a federal level, but in the majority of states, the full amount or a portion of a taxpayer’s 529 plan contribution is deductible in computing state income tax. The … Secure Act 2.0 allows tax-free rollovers from 529 plans to Roth IRAs
[Part 4 of 4] Is a recession on the way – or better yet, are we currently in a recession? In Part 4 of this 4-part series, we discuss what you can do to prepare yourself. From growing your savings to tracking your spending – the key to riding the storm is how you manage your money BEFORE and DURING a recession.
[Part 3 of 4] Is a recession on the way – or better yet, are we currently in a recession? In part 3 of this 4-part series, we explore past recessions in the US, what caused them, and if they can help us understand what lies ahead.
[Part 2 of 4] Is a recession on the way – or better yet, are we currently in a recession? In part 2 of this 4-part series, we explore what a recession is and why this one is different. With record low unemployment and other conflicting indicators, the question isn’t “are we in a recession”; it’s how bad will this recession be?
