The Federal Reserve has long been signaling a potential interest rate cut, and it finally happened in September 2024, starting with a 50-basis-point reduction. There could be two more cuts before the end of this year (2024). The 30-year mortgage rate has already dropped to around 6%, down from about 8% in 2023. I also …
Someone said compounding is the eighth wonder of the world, and I believe this is truly the case. I remember when I was in elementary school, a classmate asked me if I would choose to take $100 or choose $1 and have it double 10 times. As a kid, I chose the $100, thinking it …
When it comes to investing, two major approaches are commonly employed: real estate and the stock market. Real estate generates ongoing income through rental payments and lease agreements. Unlike certain investments relying solely on appreciation, real estate can be utilized to generate consistent cash flow, making it a tangible and income-generating asset contributing to your …
Real Estate vs. Stock Market Which Investment Is Right for You Read More »
Establishing a strong foundation for managing money, savings, and spending at an early age is a crucial step toward financial literacy and independence. Many people find themselves in their early 20s, either in school or just beginning their careers, and are just starting to earn money and develop their savings and spending habits. However, without …
Unlocking Financial Independence: My Journey from Paycheck to Prosperity Read More »
As of September 2023, the 10-year treasury rate is indeed above 4.7%, marking its highest level in about two decades. This rise in interest rates has drawn interest from investors, attracted by the higher yields offered by bonds. However, it’s crucial to understand that investing in bonds can carry risks, and these risks can become …