My Investing Muse

CNBC reported on 1st Aug 2022 that we have 61% of Americans who are living paycheck to paycheck . Extract from the news article: Inflation has been causing economic hardship for workers across all income levels.  As of June, 61% of Americans — roughly 157 million adults — lived paycheck to paycheck, according to a new LendingClub report. That’s up from 58% who reported living paycheck to paycheck in May. A year ago, the number of adults who felt stretched too thin was 55%. Even top earners have been struggling to make ends meet, the report found. Of those earning $200,000 or more, 36% reported living paycheck to paycheck, a jump from the previous month.   Another recent survey, from consulting firm Willis Towers Watson, estimated 36% of those earning $100,000 or more said they were living paycheck to paycheck. With CPI remaining heightened at 8.5%, living expenses remain elevated.  This means that the disposable income of the general households is reduced, causing th...

Personal Financial Management 3rd October 2021 This is part of my financial review and please do not consider this as financial advice.  Kindly perform your due diligence. Introduction Financial Management is an important part of our lives as we work towards financial independence.   From a recent Forbes article “5 Steps To Plan For Your Financial Independence Day”, author Mr Erik Carter provided a good definition of financial independence. “Financial independence is a state of being in which you don't have to work to pay your living expenses . You may decide to retire or you may choose to work because you want to, not because you have to.” The link to this article can be found below: https://www.forbes.com/sites/financialfinesse/2021/07/05/5-steps-to-plan-for-your-financial-independence-day/?sh=515fc12c2872   Financial independence is a goal all of us can work towards. For us to work towards financial independence, we should put together a financial management ...