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FI/RE

I've made over $2000 in 6 months flipping Legos on Ebay, and it's quickly become a favorite side hustle (4 minute read)Since starting the project in February, Chris has made around $2,400 flipping Legos. He made some big mistakes early on that cost money, but has since made that back and more. Lego is a gold mine if you do enough research.

Why I have an 'In Case I Die' Folder with important Financial Info (3 minute read)Whilst not the most uplifting title, an important topic to discuss. If you are your households primary handler of all things personal finance, it might be wise to create some documentation of important information regarding your households finances including passwords, insurance policies and where different pots of money and investments are held.

Why Vacation Homes Are a Surprisingly Good Investment During A Bear Market (4 minute read)For many, a bear market means a drop in investments and retirement funds. But there are some ways to make money during this time of flux, including investing in real estate - in particular, a vacation home.

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Market

So Are We In A Recession, Or Not? (4 minute read)If you're confused about whether the US economy is in a recession, you're not alone. Some economists call two consecutive quarters of contraction a technical economy, with 10 out of the last 10 times the US economy shrank for two consecutive quarters being declared as a recession. But massive job losses occurred during 7 out of the past 7 recessions, and that's not happening now.

One chart shows why an official recession call isn't coming anytime soon (4 minute read)Whilst the US economy has now officially contracted for 2 consecutive quarters, one chart shows why this has not led to an official recession call. The process of calling a recession does not rely simply on GDP reports, and there are other factors at play industrial production and consumer spending.

'Dramatic Increase'. Foreclosure filings are up more than 150%. Here's what that tells us about the housing market. (3 minute read)The number of foreclosure starts, which is when the first public foreclosure notice happens, is up 219% since the start of the year. During the same period, the number of properties with foreclosure filings is up 153%. This level is still well below record highs but suggests that foreclosure filings will likely reach pre-pandemic levels by early 2023.Emerging markets hit by record streak of withdrawals by foreign investors (4 minute read)Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on record, highlighting how recession fears and rising interest rates are shaking developing economies.

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Top FI/RE Reddit Posts

If you're on the edge about your current situation...

Got myself into a FIRE trap

If you're a serial job hopper, PLEASE remember to fund your retirement properly!

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Best of FI/RE Twitter

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Looking to create a sheet to track your finances? Some of these tips are gold.

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Wisdom Of The Week

“The 4 most dangerous words in investing are: 'This time is different'” - John Templeton

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