Money Scripts & Unconscious Beliefs About Money
Author: Richard Archer
Can You Beat 93% of Americans on a Financial Literacy Quiz?
What do you really know about finance?
How would you rate your financial literacy?
Most folks say they’re very knowledgeable about financial matters.
But guess what?
Only about 1 in 3 folks can score 80% on a simple financial literacy quiz.
And only 7% answer every question right.
So, how will you measure up?
Can you beat 93% of your fellow Americans?
Let’s find out and take the financial literacy quiz.
What Inflation Could Cost You in 10 Years
What Your Bills Could Look Like in 2030
Sticker shock at the grocery store? Price hikes at the pumps?
Prices are going up and spending more for basics can be startling.
Do you remember the first time you noticed prices increasing? It often happens so gradually that we don’t even notice.
Inflation is often more complicated than we realize and it’ll be with us for the rest of our lives.
So, what could prices look like in 2030?
Let’s find out by looking at some historical data, and projecting how prices for things like food and housing could go up.
What do you think the future will look like?
Imagine printing out your next meal or wearing contact lenses that know your thoughts and feelings.
What if your house could learn about you … and then anticipate your needs?
Mind-blowing inventions like these could be just around the corner. And they’re not even the wildest things that we may see by 2050.
Advancements in artificial intelligence (AI), virtual reality, and nanotechnology are putting the unbelievable on the horizon.
This could change life as we know it in the not-so-distant future.
In fact, everything from our mundane routines to our fanciest gadgets may soon be obsolete. If that happens, we could have new and totally different ways of experiencing life.
We could also have far better ways of improving it.
So, what’s the stuff of science fiction and what could really happen?
There’s no way to know for sure, but we do have some clues about what may lie ahead.
Let’s check them out and see how they could change our lives by 2050.
How much do you know about cryptocurrency?
Cryptocurrency isn’t the black sheep it once was. It’s hit the mainstream, and it’s grabbing up more headlines and investors than ever before.
These days, about 1 in 7 Americans own some type of cryptocurrency. And a little more than half of them bought it for the first time in 2020.
Those numbers are likely to climb this year. That’s because more than a quarter of folks say they plan to buy cryptocurrency in the next 12 months.
With all the headlines, it’s hard to ignore all of the excitement.
And, yet, many also admit they still don’t know all that much about cryptocurrency.
Do you know the basics?
How much do you really know about cryptocurrency? To learn about tax loss harvesting for cryptocurrency read our blog.
Test your knowledge here and check out the facts to see if the cryptocraze lives up to all of the hype — and if it really makes sense for you to jump on the bandwagon.
How Far Could $1 Million Go In Retirement?
A million dollars used to be the ultimate target for retirement portfolios. Retiring as a millionaire brought status and confidence that you could live comfortably during your golden years.
If you retired with $1 million in 1970, you probably didn’t have to worry about your nest egg running out, even with a lavish lifestyle. It would be like retiring with $6.9 million today.1
Retire with $1 million in the ’80s, and it would have been like retiring with $3.35 million in 2021.1
And in 1990?
A cool $1 million would have gone twice as far as it does these days.1
Clearly, $1 million doesn’t go as far as it used to.
Just how far could it go these days?
The answer depends on how and where you live.
In retirement, as in real estate, location is everything (or, at least, it’s a lot). The map below shows how long $1 million could last in each state. This state-by-state breakdown features a few different hypothetical growth scenarios and the results of our calculations.
Let’s see how long a $1 million nest egg could last where you want to retire — or wherever you’ve already retired.
Powerful Goal-Setting Strategies for Uncertain Times
What is your biggest obstacle to achieving your goals in 2021? Where do you want to be at the end of 2021? Will you change your life and how will you do it?
These tactics can transform your goals & your life.
How to Spot the Most Common Money Scams
Austin clients and friends, Scammers are getting savvier than ever in today’s tech-enabled world. This month’s Visual Insights Newsletter explores today’s common financial scams and how you can avoid getting snared. Check it out here!
If You’re Hoping To Retire Within The Next 5 Years…
The coronavirus-driven recession and uncertainty will make retiring in Austin within the next 5 years challenging. The record volatility, recent legislation, and economic disruption mean that the decisions you make next will define your retirement. Create confidence in your plan for a work-free life by downloading this free checklist. Worried about what’s going on and want advice now? I save a few appointments each week — grab one by calling 800-840-5946.
Retiring in Uncertain Times? FREE Guide.
Austin retirees and those facing retirement soon, the pandemic and economic crisis mean historic levels of uncertainty. To learn how to retire comfortably in uncertain times, please download this FREE guide. Need advice now? I save a few appointments each week — grab one by visiting https://archerim.com/call.
