Phase 3 of 5 to FI: Small, Consistent, Daily Actions

the Weekly FIVES Series [7 of 250]: This episode covers macro and market updates, how the 5 stocks I purchased for the FIVES challenge are doing, our Feb Bucket Tracker and F bucket contributions, and framework for financial freedom topic of the week:  The 5 Phases to Reach Financial Independence –  Phase 3:  Small, Consistent Daily Actions

1. Track your expenses

2. Change mindset on spending habits and paying yourself first 

3. Work on top line – invest in yourself 

4. Find like-minded for inspiration

5.  Focus on increasing your cash flow – your spread

All designed to help you build a financial strategy for you or your family, the path to FI.

Here’s a free link to download and print The Bucket Tracker http://tinyurl.com/y3wcxxzy

Macro update:

big metric this week was CPI, came in 3.1% vs. 2.9% expected, down from 3.4% in Dec.  

 Retail sales were expected to come in -.3%. Came in hotter at -.8%,

 Jobless claims remain steady week to week, 212k = 220k

 Avg mortgage rate ticked up to 6.7% for a 30 yr, still down from peaking in high 7’s, 3 years ago it was 2.7

 Delinquency rate on cc is at 3%, 2 yrs ago it was 1.8%, this is trending up

 Personal savings rate has declined from 5.2% of disposable income to 3.7% in the past 7 months.

 Market update
Nasdaq:  down 1.4% for the week, up 6.8% ytd

S&P 500: down .4%, up 5.5% ytd

Russell 2000:  up .5% for the week, up 1.1% ytd

BTC: – up 7%, up 17% ytd

Oil: up another 2.3% for the week, up 3.5% ytd

MAGS:  Mag 7:  down 1.8% for week, up 13% ytd, (Alphabet, Apple, Amz, Meta, MSFT, NVIDA, Tesla)

If this episode moves you in any way, please share with friends, family, your teenage kids, and tune in next week. Thank you!

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FIVES: Financial Independence Vs. Endless Struggle. No More 9 to 5 until 65.

FIVES: Financial Independence Vs. Endless Struggle. No More 9 to 5 until 65.