Financial Independence

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Why Does the Stock Market Go Up Over Time?

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Why Does the Stock Market Go Up Over Time?

Earlier this week, I was listening to a podcast and the conversation on the podcast got me thinking. I have heard a certain statement time and time again. I have heard it from my pastor, my father and even the people I listen to on podcasts. They all have stated at one point: "The stock market is at its highest value in history." A lot of times this is said with the idea that the value of the stock market is a bad thing. And I will admit, there is no guarantee in the value of the stock market. It flucuates over time and it will go down, but will the fall be that bad?

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Americans Not Prepared for Emergencies

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Americans Not Prepared for Emergencies

Families struggling with finances was the topic of the Fed's latest report of 'Economic Well-Being of American Households.' There was some alarming data reported and Tyler Durden, an author at Zero Hedge, did a nice break down of data in his article on the site.One stat in particular jumped out to me. The Fed Reported "44% of the Americans surveyed don't have $400 cash for emergencies."

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Three Reasons We Keep Our Old Cars

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Three Reasons We Keep Our Old Cars

Every year, my wife and I discuss our old cars. We look at our savings, we look at how much a new car costs and the yearly expenses to keep the old car. Every time I look at this data, I always draw the same conclusion. In the long run, I am better off keeping the old car. Whether you decide to keep an old car or buy a new car, you must understand that a car is going to be a money pit. It will need gas, it will need repairs, it will even need to be washed and there is no way to avoid these extra costs.

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Start Building Wealth Today

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Start Building Wealth Today

We are 12 days removed from the end of the holiday season. We are 12 days from the beginning of a new year. This is the perfect time to make a change. This is a perfect time to start preparing for retirement.  This is the perfect time to stop expecting things to start taking control of your own life. This is the perfect time to start saving more money.