In The News

Well, it’s graduation season. And the young people entering the workforce now are coming into an uncertain macroeconomic environment. But how can they best set themselves up for financial success? Our next guest has some tips for you. We have Teresa Arrigo, GenWealth Financial advisor.

with less than two weeks until the debt limit ex-date concern around a default is growing, how can investors continue to build wealth amid all this uncertainty? We find out with our next guest, John Shrewsbury, GenWealth Financial Advisors’ co-owner and managing principal.

American household debts have surpassed a record $17 trillion this year, with credit card balances totaling more than $900 billion. And this quarter marked the first time in more than 20 years that credit card debt did not decrease, signaling that fewer folks are paying down their balances. This is consumers are increasingly turning to credit cards to make ends meet. A report from TransUnion shows the average American’s card balance is up by 14% compared to the year prior.

Over 39% of Americans want to retire before the age of 63, according to a recent GOBankingRates survey of 997 adults. Retiring early isn’t a recent fad — it’s the main goal behind the FIRE (Financial Independence, Retire Early) movement.

But what if you don’t plan on retiring early, how can the FIRE movement help you? Here are several FIRE principles you can still follow, according to financial experts.