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How To Retire In Your 30sšŸŒ“, Get FREE Life InsurancešŸ’ø, Pay Off $200k Student LoansšŸŽ“

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 youā€™re 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. Hereā€™s what youā€™ll have to do along the way.

How This Mom of 3 with $200,000 in Student Loans Has Paid $30KĀ (7 minute read)You know the system is broken when a performing arts degree costs $200,000. ā€œI felt like I was in a cage,ā€ says Latasha Peterson. ā€œI 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 youā€™re tired of waiting on student loan legislation and want to start taking action now, hereā€™s 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? Iā€™m not talking about getting free life insurance from work. It usually isnā€™t enough. Iā€™m 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 rallyĀ (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 LikeĀ (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.

Pelosiā€™s visit to Taiwan rattles global copper marketsĀ (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 worldā€™s 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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Wisdom Of The Week

"Your economic security does not lie in your job; it lies in your own power to produceā€”to 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." ā€”Stephen Covey

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