Newsletter

Financial IQ #49

Financial IQ #48

Financial IQ #47

By being proactive and addressing tasks head-on, you begin to remove anxiety and uncertainty around whatever you're doing. And personal finance isn't the only part of life where this is true.

​When you take a long-term approach to the stock market, the odds of making money evolve a little bit. If you only had money invested in the market for 1 month, you would have a 38% chance of losing money. If you keep money in the market for 15 years (based on historical returns), your odds of losing money drop to 0.2% and your chances of making money increase to 99.8%. I don't know about you, but I'm comfortable with those odds.

Financial IQ #42

Financial IQ #41

Financial IQ #40

Financial IQ #39

Financial IQ #38

You’ll probably see many headlines throughout the year about a market crash and the media’s job is to drive clicks, which is usually driven by triggering emotions, like fear. So instead of creating fear, today’s newsletter is walking through 4 simple things to do when the stock market is losing value:

Financial IQ #36

But all 3 of these solutions have one key common denominator. They allow for self-custody.‍ What's self-custody? Basically, it means that you're in full control and ownership of your assets.

With a strategy in place, you can potentially earn more on your savings by diversifying out of cash and placing a portion of your savings into a higher-interest asset, such as stablecoins. You can limit the risk of pursuing higher interest assets by only using a certain percentage of your savings rather than the entire amount.

Once you understand how bitcoin works, why it has value, how blockchains work, and how it all works together - you begin to understand other aspects of the crypto world because you can piece together the knowledge you've gained from other places.

If you keep these fees in mind, you'll have the upper hand and won't get taken advantage of by a bank, credit card company, or a money-hungry salesman disguised as a financial advisor.

While it definitely depends on your situation, one general rule of thumb to get a rough estimate is to multiply your income times 10 + $100,000 per child for college expenses.

General advice recommends that you have 3-6 months of living expenses saved. However after what we've experienced in the past year, I'm starting to lean more towards 6-12 months.

If you only have a little bit of low-interest debt, prioritizing investing generally makes sense because you may be able to earn higher returns in the stock market than the low interest rates on the debt.

Whatever your budget allows. I know that's not the clearest answer, so let's dive a little deeper.