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The lingering shadows of the Gilded Age stretch into the present, casting a long silhouette over America’s economic landscape. Families like the Waltons, the Mars clan, and the Cargill-MacMillans stand as pillars of enduring wealth, their fortunes built over decades and, in some cases, centuries. These dynasties have accumulated vast resources and mastered the art […]
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 […]
Calculating credit card interest and how much it will cost you each time you swipe that credit card is quite simple. Last week, I received a credit card offer in the mail from Wells Fargo. The proposal said that the...
By Article Posted by Staff Contributor
Trump’s Mar-a-Lago is the second White House in beautiful South Florida. President Donald Trump’s approval ratings might be down, but his Palm Beach County real estate is up 33 percent. His Mar-a-Lago, the so-called Winter White House is now valued...
By MacKenzy Pierre
Mortgage rates continue to drop, but the bottom is unclear. If your credit is right, down payment is ready, and your job is stable, it might be the best time to go house hunting. According to Freddie Mac, the 30-year...
By MacKenzy Pierre
No more upper-class tax cuts should be the rallying cry of the middle class. President Donald Trump is considering a reduction in capital-gains taxes to bolster the economy. The President’s 2017 1.5 trillion-dollar tax cuts, which went mostly to uber-rich...
By MacKenzy Pierre
When managing your finances, two terms often pop up: saving and investing. But what’s the difference, and how do you decide which one’s right for you?...
By Article Posted by Staff Contributor
Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite years of economic growth and increased financial services accessibility, millions of...
By FMC Editorial Team
The question of whether to rent or buy a home has been overanalyzed by just about everyone with a calculator and an opinion. And yet, too...
By MacKenzy Pierre
Introduction: The Safety Net You Can’t Afford to Ignore Life is full of unexpected events—whether it’s a surprise medical bill, a sudden car breakdown, or a...
By Article Posted by Staff Contributor
Maximize Your Retirement Savings in 2024: Key IRS Adjustments to Know Saving for retirement just got a bit easier—and potentially more lucrative—thanks to new cost-of-living adjustments...
By Article Posted by Staff Contributor
The Bureau of Economic Analysis (BEA) report indicates solid economic growth in the third quarter of 2024, with the U.S. real GDP increasing by 2.8% annually....
By FMC Editorial Team
Introduction: Why Zero-Based Budgeting? Have you ever gotten to the end of the month and wondered where all your money went? You’re not alone. Most people...
By Article Posted by Staff Contributor
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
When managing your finances, two terms often pop up: saving and investing. But what’s the...
Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite...
The question of whether to rent or buy a home has been overanalyzed by just...