Issue 20.2 / August 26, 2020
Personal Finance
"Financial literacy is not about wealth, but about understanding money regardless of the amount. It's about how you treat it and how you maximize opportunities." — Mellody Hobson
20% of Americans have saved at least $1,000 since March 2020.
Washington state residents can open a 12% APY checking account for 12 months on balances of up to $1,200 at First Financial Northwest Bank.
Inflation may be on the rise because of the Federal Reserve. As a result, some expect inflation doubling to 4% or more!
The 40-hour workweek is based on factory productivity experiments by Henry Ford.
This is how ‘living below your means’ works.
When purchasing something, how long are you thinking about owning it?
Think about keeping money. Saving money is more important than spending it.
A simple, but solid financial success recipe to follow.
Monitor these money metrics on the regular.
American Express cardholders have had complimentary ShopRunner membership for a while. But now PayPal members can get a free 2-year ShopRunner membership. Shoprunner offers unlimited free 2-day shipping and free return shipping at 90+ stores.
Continue Learning With Me
You've read the personal finance edition from The Weekly Summary 20.0 where I also blog about learning, cryptocurrency, entrepreneurship, and investing.
Disclaimer
Ideas and information presented in my articles are for educational purposes only and not intended to be investment advice. Investments in the stock market and cryptocurrency could be speculative and volatile and result in money loss. Always conduct your own research. You may want to obtain independent legal, financial, taxation, and/or other professional advice with respect to any information from this content. I may mention products or services and some of those products are affiliate links that reward me.
