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If you’ve been waiting for a sign to make big moves with your finances, this is it. The Federal Reserve just made its first interest rate cut since 2020, slashing the federal funds rate by a full half percentage point. This is no small step—it’s a loud and clear signal that the era of “cheap […]
Housing in America is in crisis. Skyrocketing rents, climbing mortgage rates, and a relentless shortage of affordable homes have left millions of Americans struggling to keep a roof over their heads. In response to this mounting challenge, Vice President Kamala Harris has unveiled a sweeping plan aimed at lowering housing costs and expanding access to […]
Democrats keep floating the idea of taxing unrealized gains, but let’s be real—it’s a non-starter. Why? Because they’re unrealized. Sure, they’ll tell you it’s aimed at the ultra-wealthy, those sitting on $100 million or more, and they’ll calculate it by subtracting liabilities from assets—essentially boiling it down to net worth. But let’s pause for a […]
From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]
FedNow: Transforming the Future of Money Transfers in the US To modernize money transfers and foster a more efficient and secure payment ecosystem, the Federal Reserve has launched “FedNow,” an instant payment platform. This groundbreaking initiative aims to facilitate faster cash flow for businesses and individuals, enabling seamless transactions in seconds. However, while FedNow promises […]
When you’re on the hunt for a credit card, there are many things to consider—the rewards program, perks, fees, and perhaps most importantly, the Annual Percentage Rate (APR). If you’re carrying a balance or considering using your card for a...
By Article Posted by Staff Contributor
You might think delaying your financial decisions isn’t a big deal. But let me tell you, financial procrastination can cost you more than you realize. It’s time to face the truth: putting off your financial responsibilities is sabotaging your future....
By Article Posted by Staff Contributor
If you’ve been looking at buying a luxury home or property in a high-cost area, you’ve probably come across the term “jumbo mortgage.” But what does it actually mean, and how do you decide if it’s the right choice for...
By MacKenzy Pierre
Late payments are the kryptonite of a good credit score, and too many of you have been hit hard by them. Learn how to remove late payments from your credit report and improve your score today—it’s time to take action,...
By MacKenzy Pierre
When you’re on the hunt for a credit card, there are many things to consider—the rewards program, perks, fees, and perhaps most importantly, the Annual Percentage...
By Article Posted by Staff Contributor
You might think delaying your financial decisions isn’t a big deal. But let me tell you, financial procrastination can cost you more than you realize. It’s...
By Article Posted by Staff Contributor
Being underwater on your car loan can feel like you’re sinking financially, but you’re not alone. According to the Federal Reserve Bank of New York, auto...
By MacKenzy Pierre
In the Federal Reserve Bank of New York’s second quarter of 2024, household debt in the U.S. increased by $109 billion, bringing the total to a...
By FMC Editorial Team
You can’t build a solid financial future if your FICO score is holding you back. It’s great that people from all financial backgrounds are talking about...
By Article Posted by Staff Contributor
Bankruptcy is often considered a last resort, a drastic measure for those struggling under the weight of unmanageable debt. In fact, according to a recent study,...
By Article Posted by Staff Contributor
Introduction Middle-class voters are the backbone of the American electorate. Their votes decide elections, and their voices shape national policy. In the 2020 presidential election, for...
By MacKenzy Pierre
If you’ve been looking at buying a luxury home or property in a high-cost area, you’ve probably come across the term “jumbo mortgage.” But what does...
By MacKenzy Pierre
The answer to whether paying off collections will improve your credit score is: it depends. If you’ve ever found yourself dealing with a collections account, you...
By MacKenzy Pierre
Late payments are the kryptonite of a good credit score, and too many of you have been hit hard by them. Learn how to remove late...
By MacKenzy Pierre
When you’re on the hunt for a credit card, there are many things to consider—the...
You might think delaying your financial decisions isn’t a big deal. But let me tell...
Being underwater on your car loan can feel like you’re sinking financially, but you’re not...