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- 26% of Gen Z invested in stock market ๐, Retiring abroad ๐ด, Earning passive income through rental properties ๐๏ธ & more
26% of Gen Z invested in stock market ๐, Retiring abroad ๐ด, Earning passive income through rental properties ๐๏ธ & more
FIREwatch Financial Independence Update - 4th July, 2022
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FI/RE
How Gen Z is Stepping Into Financial Independence (5 minute read)Recentย financial literacy surveys have found that Generation Z adults (people aged 18-25) are more financially educated than any previous generation. Today, over half of Gen Z already invests in some form. 26% of those who are invested put their money into the stock market.
About Half of Americans Believe They Can Become Financially Independent, According to New Survey Data (3 minute read)Is reaching the American Dream possible? According to the results of a recent survey by the National Financial Educators Council (NFEC), just over half of Americans still believe they will become financially independent at some point in their life.
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Blog Posts
I Can Retire at 54 - But Only If I Leave the Country, Here's My Plan (10-minute read)After figuring out my FIRE number, I realized Iโm on track to retire by age 59. But I want to retire even sooner than 59. And I can โ without having to increase my investing contributions at all. The secret is geo-arbitrage: moving somewhere with a lower cost of living to make my retirement dollars stretch further and reach financial independence sooner.
The Unexpected Financial Benefit Of Having Kids (9 minute read)After several years of parenting, I now realize there are some unexpected financial benefits of having kids I didnโt anticipate. Further, having children isnโt as expensive as you might think. For folks thinking about having kids or new parents, this article is for you.
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Markets
Brutal Month for Bitcoin as June Ends with Biggest Drop in 11 Years (3 minute read)Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases. Some Analysts say the bitcoin price could go even lower.
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Top Reddit Posts
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Best of FI/RE Twitter
Wow, Klarna raising a new round at a $6.5B valuation, 85% lower than their round at $45.6B last June.
For comparison, Affirm is down ~75% in that period.
— Tanay Jaipuria (@tanayj)
Jul 1, 2022
.@FT:
"More than โฌ40bn of European corporate bonds are now trading at distressed levels, highlighting how the worsening economic outlook has triggered rising angst about companiesโ ability to pay."
An illustration of credit risk joining interest rate risk in driving price action— Mohamed A. El-Erian (@elerianm)
Jul 3, 2022