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#financial-independence #gdp-growth #consumer-spending #durable-goods-orders #compound-interest
fromFortune
1 day ago

The U.S. economy is running even hotter than previously thought, and GDP growth could reach 4% in Q3 | Fortune

Meanwhile, third-quarter growth is shaping up to be hotter. Durable goods orders for August jumped more than expected, according to data released on Thursday. And the personal income and spending report on Friday showed consumption remained healthy in August while also topping forecasts. Given that consumer spending represents over two-thirds of the U.S. economy, the gains more than offset weakness in housing, which remains buffeted by high home prices and mortgage rates.
US news
#financial-independence
fromIndependent
4 weeks ago
Retirement

Michael Houghton: 'One of the real joys of becoming financially secure is reaching a point where payday no longer defines your month'

Increasing savings rate combined with compound interest can drastically accelerate progress to financial independence and produce rapid portfolio growth after initial years.
from24/7 Wall St.
4 months ago
Retirement

At 29, I'm Saving $46k from a $113k Household Income-Am I on Track for Financial Freedom?

Saving 40% of income may lead to financial independence, but personal goals and timelines are crucial for adequate planning.
fromIndependent
4 weeks ago
Retirement

Michael Houghton: 'One of the real joys of becoming financially secure is reaching a point where payday no longer defines your month'

more#financial-independence
fromIndependent
1 month ago

Michael Houghton: From fees to uniforms, here's how we deal with the cost of back-to-school expenses

In 2019, I embraced the FIRE movement and reduced my work hours to enjoy more time freedom while living on a strict budget.
Fundraising
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