Posts by ConCap®
How to Build your Emergency Fund
Once you have figured out how much you’ll need in your emergency fund, then we have to build it. Let’s start with one cold, hard fact: It is impossible to build your fund if you spend more than you make and live outside your means. In other words, you’ll be required to have to ability…
Read MoreWhat is an Emergency Fund and Why Do I Need it?
Once you have paid off your credit card debt, the next most important thing to do on your journey to financial freedom is to build an emergency fund. An emergency fund is money set aside, preferably in a savings account, that is used only for emergencies. No, you can’t use this to build out your…
Read More4 Ways to Prepare for a Recession
The United States has had 11 recessions since 1948 averaging to about 1 every 5-6 years, with each one averaging about 1 year long.1 As of the writing of this blog, Fed Chair Powell has indicated his desire to push interest rates higher in spite of a likely slowdown in our economy. If he is…
Read MoreThe Arrival of the Bears
The War in Ukraine, China, and Inflation It is possible that this was a grave miscalculation from the Putin regime, given that they essentially conducted a repeat of the invasion of the Crimea in 2014 only this time on a larger scale in Ukraine, but alas this time, with totally different results. All indications seem…
Read More2021 – A Look Ahead
On any objective scale, the United States has handled the Coronavirus pandemic abysmally. For just a very basic illustration, according to the most recent estimates, the United States has had 554 Coronavirus-related deaths per million people and has yet to peak.1 In countries that have already peaked and largely handled the pandemic, the numbers are drastically different. Germany sits at 112 per million (nearly 5 times lower) and Japan is at 10 per million (nearly 60 times lower).2
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