When You Have a Personal Finance Question...
Start here
Good morning, subscribers! Have you noticed inflation affecting your grocery store purchases? This week, all the chatter is about whether interest rates will come down. We should care about interest rates and inflation, but there is little we can do about it. Isn’t it hard to comprehend new news coming out of Washington? It matters to our financial selves, but the news within our household is, well, closer to home.
Day-to-day living, though, includes a personal finance journey floating mostly in the background of our lives. It is sometimes planned and often interrupted. Questions are typically specific, such as, “Should we move?” or “Is a Roth IRA better?” and very consequential, “Can we retire now?” Which brings me to my point:
PFE exists because if you reach out to a financial advisor or institution, it is unlikely you will get the best answer.
Training is sketchy, the CFP curriculum hasn’t caught up with the knowledge set, and financial institutions are about their products.
Don’t change a trusted relationship. They will catch the wave eventually. Stay with Personal Finance Economics as an unbiased additional resource. As paid subscribers know, I am available for their questions.
Three other items:
I have cataloged prior posts here if you want to catch up with past stories and content.
Paid subscribers will receive the book Economics-Based Personal Finance via email on August 30. If you are interested in purchasing the book now, you can do so here.
I like Substack notes for short-form communications. Notes hold a tab on the desktop version of Substack and are very handy on the Substack app.