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- How To Prepare for Financial Independance 💰, Financial Literacy📈, Private Equity Buying Up Homes🏠
How To Prepare for Financial Independance 💰, Financial Literacy📈, Private Equity Buying Up Homes🏠
FIREwatch Financial Independence Update - 30th June, 2022
Journals GG
June 30, 2022
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FI/RE News
How Millennials Can Prepare for Financial Independence (3 minute read)Millennials have unique financial challenges and opportunities. They are coming of age in a time of economic uncertainty but also have access to more information and resources than any other generation. In this article are six tips on how millennials can make the most of their situation and set themselves up for financial success.
3 Budget Tweaks Helped This Couple Pay Off $102,000 Loans (8 minute read)Life as personal finance content creators didn’t appear to be in the cards for the Lupos. Just a few years ago, the couple was drowning in six figures of student loans and a combined take-home pay 34% below the median household income of $67,521, based on data from the United States Census. Here’s the couple’s advice for anyone looking to get out of debt and take charge of their financial future.
Financial Literacy Is The Way To Financial Independence (4 minute read)Thinking, learning and talking about money is a boring/ intimidating task for most of us, which is why we end up procrastinating on this most important aspect of our life. Hence, our money sits in the bank losing its value.
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Market News
US stocks shed $9tn in 2022 as Fed tightening spooks investors (5 minute read)US stocks have shed about $9tn this year as the Federal Reserve’s attempt to rein in runaway inflation and mounting concerns over global growth sent investors dashing away from the world’s biggest equities market.
Private Equity Companies Have Bought Up Hundreds Of Thousands Of Single Family Homes (3 minute read)The House Committee on Financial Services, led by Chairwoman Maxine Waters, Subcommittee on Oversight and Investigations held a hearing on June 28, 2022, entitled, “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods”. According to the subcommittee chair, Al Green, the committee found that “private equity companies have bought up hundreds of thousands of single-family homes and placed them on the rental market.
Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll (5 minute read)Major cryptocurrency hedge fund Three Arrows Capital has fallen into liquidation, according to CNBC. Teneo Restructuring has been brought on board in the last few days to deal with the liquidation process. A slump in digital currency prices, which has seen billions of dollars wiped off the market in recent weeks, has hurt 3AC and exposed a liquidity crisis at the company.
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FI/RE Blog Posts
Financial Samurai: Ranking The Best Passive Income Investments (10 minute read)Passive income is the holy grail of personal finance. If you have enough passive income to cover your desired lifestyle, then you are free at last! You can say and do whatever you want. Too many people fail to live their truth due to a lack of passive income.
Money Moustache: Which is Safer: Rental Houses or Stock Investments? (a Case Study) (8 minute read)" I think of houses and stocks as being two versions of the same thing. They are both real, concrete, productive assets rather than gambling instruments or numbers on a computer screen. If you understand this connection, you will become a better lifetime investor. Meanwhile, people who understand only one side or the other may become blind to what investing really means."