Core Insights - Suze Orman provides a financial roadmap for 2026, emphasizing the importance of staying invested in the stock market despite potential short-term fluctuations [2] Market Expectations - The stock market is expected to continue its upward trend, with occasional downward spikes lasting from a week to a month [2] - Interest rates are anticipated to decline slowly as the Federal Reserve aims to stimulate borrowing, spending, and hiring, which may also lead to a gradual decrease in mortgage rates [3] - Inflation is expected to increase costs across the board, primarily due to tariffs, while Bitcoin is projected to rise significantly over the long term despite its volatility [4] Recommended Actions - Regular investment is advised to leverage dollar-cost averaging, which helps mitigate market volatility [6] - Cutting expenses is crucial to prevent inflation from eroding savings, and maintaining an emergency fund of 8 to 12 months of expenses is recommended due to potential layoffs [8] - Downsizing may be beneficial to reduce expenses and free up cash [8] - Investors should remain in the market if they have at least five years before needing the funds and diversify their portfolios with high-quality mutual funds, ETFs, or stocks [8] Retirement Planning - Investing in Roth retirement accounts is recommended, with a focus on converting pre-tax accounts to Roths over time to minimize tax burdens [9] - Delaying Social Security benefits until age 70 is advised, or at least until reaching full retirement age [9] - Maximizing contributions to retirement accounts is essential, particularly to take full advantage of company matches [10] - Older individuals should consider long-term insurance to protect savings in case of nursing home needs [10] - Essential legal documents such as wills and trusts should be created to ensure wishes are honored [10]

Core Insights - A Chicago family earning an annual salary of $156,000 is facing difficulties in affording groceries, attributed to the husband's $700 monthly addiction to tobacco and marijuana [1][2] - The husband spends approximately $6,000 annually on his substance use, with increased spending recently due to personal losses [2] - The family has a $20,000 car loan, and the wife is hesitant to pay it off due to concerns that the freed-up funds would be spent on the husband's addiction [3] Financial Situation - The household takes home about $7,800 per month after taxes, yet food insecurity persists [5] - Monthly expenses include a $3,400 mortgage and a $600 car payment, indicating potential cash flow issues beyond the husband's spending habits [6] - The financial expert highlighted that the couple's budgeting and planning may be inadequate, suggesting that the food insecurity is not solely due to the husband's substance use [6] Behavioral Concerns - The financial expert challenged the framing of the husband's behavior as an addiction, suggesting that it may be a budgeting issue instead [4] - The wife is encouraged to reassess the situation, either by confronting the addiction seriously or reconsidering whether it is truly an addiction [6]

Core Insights - A 46-year-old individual sold a construction services business for $1.23 million and is concerned about family reactions to the financial windfall [1][4] - The individual inherited the business from his late father and has been providing financial support to family members, leading to a moral and financial dilemma [5][6] Group 1: Business Sale and Family Dynamics - The individual expressed worries about how relatives will respond to the sale of the business and the availability of funds [1][4] - Financial support to family members has become routine, with significant amounts advanced to siblings, creating expectations for continued assistance [5][6] - The individual has helped a brother with mortgage payments totaling a couple hundred thousand dollars, with only $30,000 repaid, and a sister owes approximately $65,000 for medical procedures [6] Group 2: Personal Reflections and Future Plans - The individual is preparing to sell his home and relocate from Huntsville, Alabama, seeking a break from constant responsibility [2][8] - Fatigue from years of working alongside his father has contributed to the desire for a change in lifestyle [8] - Financial expert Dave Ramsey advised the individual to prioritize separating family relationships from financial transactions and not feel obligated to disclose details of the sale [7]

RT Anthony Pompliano 🌪 (@APompliano)I have completely changed the way I manage my finances in the last 9 months.I used to track all of my assets on a spreadsheet, including public stocks, private investments, fund investments, real estate, cars, collectibles, etc.I promised myself that I would update the spreadsheet once per week, but it became really time-consuming so I probably did it only once per month.I was always frustrated by this approach because the spreadsheet wasn’t dynamic or real-time. It also ...

RT Anthony Pompliano 🌪 (@APompliano)I have completely changed the way I manage my finances in the last 9 months.I used to track all of my assets on a spreadsheet, including public stocks, private investments, fund investments, real estate, cars, collectibles, etc.I promised myself that I would update the spreadsheet once per week, but it became really time-consuming so I probably did it only once per month.I was always frustrated by this approach because the spreadsheet wasn’t dynamic or real-time. It also ...

I have completely changed the way I manage my finances in the last 9 months.I used to track all of my assets on a spreadsheet, including public stocks, private investments, fund investments, real estate, cars, collectibles, etc.I promised myself that I would update the spreadsheet once per week, but it became really time-consuming so I probably did it only once per month.I was always frustrated by this approach because the spreadsheet wasn’t dynamic or real-time. It also didn’t allow me to glean any substan ...

Finance personality and YouTuber Ramit Sethi — author of the 2009 best-seller “I Will Teach You to Be Rich” — recently posted a slew of advice to his channel on the video-sharing platform kicking off with a bit of shade thrown at other financial gurus (namely, “Shark Tank” star Kevin O’Leary) regarding the oft-dispensed advice of ditching the $5 lattes if you want to become wealthy. Sethi noted that this wisdom is often issued by rich people attempting to shame their audience, then pivoted to say he was ...

New year, new routines! In this conversation, Fidelity pros talk about how small, consistent habits can help transform your financial wellness. Check out the replay to learn about creating meaningful “money dates,” building sustainable budgets, and developing a financial routine that will help keep you on track for your financial goals. If you’re looking to boost your money management skills, this episode is for you! 00:00 Introductions 00:39 What is financial wellness? 06:46 How to manage money with a mone ...

Want guac in your burrito bowl or extra legroom on your flight? The 0.01% rule: a low-stress way to think about how you spend your money.🔗: https://t.co/rsG8xised3 https://t.co/mknR62sHeg ...

RT Horizon (@JoinHorizon)⏰️ 24 HOURSJoin us for the Bitcoin Personal Finance Masterclass with @ts_hodl and @BrainHarrington201 registered, only 49 spots left.Register below 👇 ...