The Weekly Summary - Issue 21.2 - Personal Finance Edition

By tvlachak | The Weekly Summary | 3 Sep 2020


Issue 21.2 / September 2, 2020

Personal Finance

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. - Ayn Rand

Prepare a ‘financial go-bag’ just in case of an emergency.

Are you one of the lucky 14 million Americans benefiting from this IRS glitch?

The Great Wealth Transfer is upon us. There are estimates of 15 to 70 trillion dollars that will be passed down from the current generation to the next in the coming decades. This will have an obvious impact on the economy and will be a humongous wealth event of historic proportions. The financial industry is trying to prepare for this financial event for there are many factors to consider.

This is an outstanding two-part series on generational wealth. Part 1 presents the problems and part 2 offers some solutions.

Three things to think about when trying to build wealth.

A generational wealth book list on Amazon with four or more stars.

Gen Z is now earning, spending, and investing money.

I came across an unpopular opinion that the Rich Dad Poor Dad book is not a good starter read for personal finance.

Continue Learning With Me

You've read the personal finance edition from The Weekly Summary 21.0 where I also blog about learningcryptocurrencyentrepreneurship, 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.

How do you rate this article?


7

0

tvlachak
tvlachak Verified Member

I'm a student of personal finance, investing, cryptocurrency, NFTs, & blockchain. I'm currently learning and thinking in public on The Weekly Summary. I'm also a foodie that loves fitness.


The Weekly Summary
The Weekly Summary

The Weekly Summary is a growth lifestyle newsletter that focuses on finances, learning, web3 and more. This weekly newsletter curates resources with my insights and analysis in a round-up that will inform and educate readers.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.