The Stupidity of Voting Yourself a Raise

In recent years, discussions about inflation have dominated headlines, kitchen tables, and policy debates alike. A key factor in these discussions is the role of minimum wage increases, often overlooked amidst broader economic narratives. As voters, we play a pivotal role in shaping the economic landscape, including decisions on minimum wage policies. This blog aims to shed light on how voting for higher minimum wages can influence inflation and, subsequently, the cost of everyday goods and services.

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power. While it is influenced by a multitude of factors, one of the more direct factors is the cost of labor—specifically, the minimum wage. Read More

Bitcoin, FOMO, Retirees

In the investment world, the recent meteoric rise of Bitcoin has become a topic of intense discussion, stirring a complex mix of excitement, speculation, and, for many, a palpable sense of FOMO (Fear of Missing Out). Let’s delve into the dynamics behind Bitcoin’s surge, the psychological pitfalls of FOMO for investors and retirees, and weigh the risks against the potential benefits of incorporating Bitcoin into one’s investment portfolio. Read More

Think Before You Cancel that Policy

Long-term care insurance serves as a vital tool in preserving assets for future goals and determining the level of care one desires when facing long-term care needs. However, the landscape of LTC insurance has shifted, with premium increases causing concern among retirees and sparking debates on whether to retain these policies. Read More

Why Investors Fail

Right now, the stock market is making headlines, setting new records almost every day. Investors are celebrating, and it seems like everything is going great. But, before we start cheering along with them, let’s take a step back and understand some essential investing lessons. Learning these simple principles of investing can set you on a path to financial success in the future. Read More

Wall Street vs. Main Street vs. Wall Street

In the world of finance, two distinct terms often arise: Wall Street and Main Street. These terms represent different aspects of the financial world, but they also share some similarities. Let’s delve into both the differences and similarities between Wall Street and Main Street and how they impact investors. Read More

Why Your Home Isn’t Always a Great Investment (And Why Renting Can Make Sense)

For generations, owning a home in the United States has been synonymous with financial stability and success. The idea is simple: purchase a property, watch its value rise over time, and benefit from the appreciation. However, like any investment, home ownership isn’t foolproof and with the rise in home costs, it’s often unaffordable to purchase a home.  In many scenarios, renting might be a wiser choice. Here are four reasons why a home might not be the excellent investment you think, followed by four compelling reasons to consider renting instead. Read More