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đ˝ď¸ Snowball or avalanche
Plus: Leap year deals, bag fees are moving up, a potential stock market sign, and more....
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Hey Future Funders family,
Happy Monday.
We were sent a copy of The Daily Dad, a one page a night collection of daily wisdom for fathers, and are actually really enjoying it.
For those that have read it, let us know what your favorite nugget was.
Ok, letâs get to it.
Was this email forwarded to you?
Headlines That MatterâŚ
đ A stock market signal (maybe). Jeff Bezos has sold about 50 million shares of Amazon stock (for a cool $8.5 billion) since February 7th which is the most he has ever sold in such a short amount of time. This comes at a time when markets are at their all time highs and âthe expertsâ are saying that technology company stock prices, especially AI companies, can only go higher (see Nvidia).
Our take: Your guess is as good as ours as to where the stock market is going next, but it turns out Jeff Bezos has a pretty good track record of selling stock at the highs. The last time he sold nearly as many shares in such a short time was February 2020 right before the market dropped in March.
𧳠Bag fees are moving up. American Airlines just announced theyâre raising the cost to check your bag from $30 to $35 if booked online and $40 if at the airport. This follows similar announcements from JetBlue and⌠Alaska Airlines⌠as part of an industrywide push to juice bag prices. Maybe theyâll use that extra profit to make sure their doors donât fall off?
Our take: Inflation has been a major point of stress for every American family. Food prices are at 30 year highs and mortgage rates just moved back above 7% this week because the Fed said they are in no hurry to lower interest rates. To every family out there that has to deal with these issues everyday, just know you are not alone.
đ Nothing is free. The Biden administration sent an email to nearly 153,000 people letting them know they were transferring more student loan debt to taxpayers⌠to the tune of $1.2 billion. The most recent debt transfer is for anyone who has been paying off small federal loans of $12,000 or less for at least 10 years. Including this latest move, the administration has now transferred a total of $138 billion of debt in federal student loans to the American taxpayer.
Our take: Catch that we didnât say âcanceledâ student loan debt? We are not here to parrot misleading headlines. And trust us, there is nothing about these loans that is being âcanceledâ. Our major issue with the Administration and the media using this term is that debt doesnât just, poof, disappear.
Maybe calling it what it really is, a transfer of debt, will put some accountability on universities for continuing to raise tuition and the need for more debt forgiveness. If a school makes our kids go into debt for a degree, and does not prepare them to earn a wage that allows them to pay it off, shouldnât they bear some of the responsibility here?
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Money Topic In Focus
Debt Snowball vs. Debt Avalanche
đ Whatâs happening: Experian's latest findings reveal that the average total consumer household debt soared to wallet-gripping $104,215 in 2023.
But weâre not here to give you a lecture on reigning in your spending.
Instead, we see this as an opportunity â an opportunity to equip you with the tools you need to educate your kids about smart debt repayment strategies.
Because let's face it, financial literacy starts at home and instilling smart money habits early on can pave the way for wise financial decisions throughout their lifetime.
Whether youâre grappling with a five-figure sum or a few thousand dollars, two debt repayment methods can help you tackle debt head-on: the Debt Snowball and the Debt Avalanche.
Letâs break down each method, how it works, and who it is best suited for, so you can decide if one is right for your debt situation.
Dinner Discussion â
More of a parenting question this week as we are debating it in our house. Should social media be banned for kids under a certain age? |
Deals, Reads, and Other FindsâŚ
đ More electric vehicle price reductions. In addition to the announcement from Tesla last week that they were offering $1,000 off a SUV until March 1st, Ford just announced price cuts on their Mustang Mach-E electric SUV by up to $8,100 (you also get a $7,500 EV tax credit on top of this).
đ Copy other investors. We came across this start up company called Dub that promotes social investing by letting you copy other peopleâs portfolios. Right now it looks like you can only copy professional investors who are on the actual app but itâs an interesting concept that could gain steam.
đď¸ Leap year deals. So yea, this is actually a thing. In honor of 2024 being a leap year, several hotels and destinations are offering savings that might be worth checking out.
đ Quote Of The Week
âI donât know whatâs more exhausting about parenting: the getting up early, or acting like you know what youâre doing.â
How'd we do this week? |
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