Have you ever heard of the 10-5-3 rule? It’s one of the outdated financial planning axioms that just don’t make sense anymore. Today we’ll tell you why and explain interest rates, inflation, and factors that determine where we’re headed.
Read more and get additional financial resources here: https://doncashpodcast.com/podcast/obsolete-financial-planning-axioms/
What we discuss on this show:
0:33 – An update on what’s going on with Don.
3:45 – The 10-5-3 Rule
9:07 – An example of how inflation works.
11:59 – Items with the greatest inflation.
14:06 – Could 10-5-3 rule become more relevant?
15:16 – Cash Connection: Should I be investing different since we have this election approaching in a few months.
As summer winds down, the economy is still facing numerous challenges but you wouldn’t know it by looking at the stock market and real estate these past few months. Let’s try to make some sense of what we’re seeing in both markets and find out what Don thinks about the rest of the year.
Read more and get additional financial resources here: https://doncashpodcast.com/podcast/stock-market-real-estate-update/
What we discuss on this episode:
0:48 – What’s going on since last show?
5:48 – What should we make out of these market gains?
10:19 – Tech driving the market
12:56 – How will the election factor into the market?
16:45 – How is the housing market staying so strong?
23:25 – Does Don have any clients thinking about cashing out and moving?
24:24 – Where is Don getting his news from these days?