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How To Retire In Your 30sš“, Get FREE Life Insurancešø, Pay Off $200k Student Loansš
FIREwatch Financial Independence Update - 4th August, 2022
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FI/RE
40 Things To Do To Retire Before 40 (5 minute read)Retiring while youāre still in your 30s ā decades before you become eligible for Social Security or Medicare ā is a goal that will remain out of reach for some. But it is possible. After speaking to a wide range of financial experts, GOBankingRates identified 40 steps to retiring by 40 spread out across 10 different categories. Hereās what youāll have to do along the way.
How This Mom of 3 with $200,000 in Student Loans Has Paid $30K (7 minute read)You know the system is broken when a performing arts degree costs $200,000. āI felt like I was in a cage,ā says Latasha Peterson. āI left college with a pile of debt.ā The wife and mother of three struggled for years to make real progress on her enormous student loan bill. If youāre tired of waiting on student loan legislation and want to start taking action now, hereās what Peterson wants you to know about starting a side hustle and working towards financial independence.
How To Get Life Insurance For Free (10 minute read)"Have you ever wondered how you can get life insurance for free? Iām not talking about getting free life insurance from work. It usually isnāt enough. Iām talking about how to get free life insurance outside of work."
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Market
Stock market outlook: More upside ahead, but don't chase the rally (5 minute read)The S&P 500's upside move in recent weeks was confirmed with a minor breakout on Monday, according to Fairlead Strategies. The breakout suggests that the S&P 500 could jump another 4% from current levels to 4,270.But investors shouldn't chase the rally just yet as the Volatility Index shows signs of a rebound.
Warren Buffett Is Betting on a Stock the Market Doesn't Like (4 minute read)In the first quarter of the year, Warren Buffett and his company Berkshire Hathaway bought close to 9 million shares -- a roughly 2.9% stake -- in the large digital bank Ally Financial, which specializes in auto lending. With inventory still being challenged and used car prices soaring, Ally has flourished, generating strong financial results since the pandemic started.
Pelosiās visit to Taiwan rattles global copper markets (6 minute read)Copper prices fell for the third straight day on Wednesday as tensions between the U.S. and China flared as House Speaker Nancy Pelosi wrapped up her visit to Taiwan, an island that China claims as its own territory. China serves as one of the worldās biggest metals consumers. While rising geopolitical tensions look to be an unlikely catalyst of a further selloff in copper, investors in base metals used in construction projects still worry a slowdown in global economic growth will dampen demand.
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Top FI/RE Reddit Posts
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Best of FI/RE Twitter
#1
On August 1st, 2019 I escaped the rat race.
3 years & $2.5M+ in revenue later, hereās everything I've learned.
24 lessons on business and life:
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ā Justin Welsh (@thejustinwelsh)
12:25 PM ⢠Aug 1, 2022
#2
I hit Million dollar networth when I was 31
I did this while working at a movie theater making on average 55k a year
These are the 6 things I did to grow my wealth
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ā Thefrugalgay š (@Thefrugalgay11)
1:53 PM ⢠Aug 1, 2022
#3
If you don't learn these 5 money lessons you will NEVER be rich...
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ā Adam | Wealth Builder (@Adam_DelDuca)
12:11 PM ⢠Aug 2, 2022
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Wisdom Of The Week
"Your economic security does not lie in your job; it lies in your own power to produceāto think, to learn, to create, to adapt. That's true financial independence. It's not having wealth, it's having the power to produce wealth." āStephen Covey
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