How to talk about family finances in a crisis

How to talk about family finances in a crisis

Brief Updates

BREAKING NEWS BRIEF

Did the Capitol riots uncover a racist double standard?

Image Source: NBC News

As Americans watched on Wednesday, an angry mob of mostly white people stormed the US Capitol. The Capitol Police were overwhelmed and struggled to contain the violence. In some cases, the Police yielded to the crowds.

The images and videos that poured from the Capitol show more than a disturbing breach of security. Many observers have picked up on white privilege and a double standard. These events on Wednesday have raised questions about whether the response would have been the same if the rioters had been another race.

Wednesday’s riot is an unfriendly reminder of the country’s double standard.

IS THIS THE LAST AND BIGGEST DIGITAL REVOLUTION OF OUR LIFETIME?

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Bitcoin created something far bigger than digital money.

It created a world-changing crypto technology that’s likely the LAST chance to get in early on a digital revolution.

So if you missed the extraordinary gains on Amazon (digital shopping)… Netflix (digital entertainment)… and Apple (digital music)…

It doesn’t matter.

Because the last (and likely biggest) digital revolution of our lifetimes has arrived…

YOUR MORNING MARKET UPDATE

The stock market was poised for another positive day on Friday morning, with the Dow Jones Industrial Average slated to open 90 points ahead. Today’s projected gains follow record closing highs for the major indices, with the Nasdaq Composite blasting through 13,000.

Today, investors are anticipating the data about jobs added in December. Though some economists expect to see that number come in around 50,000 payrolls, others are skeptical and warn that a decline is also possible.

But what is behind the market’s stellar performance, and what might contribute to more growth going forward?

One strategist believes that corporate earnings have something to do with fueling stocks.

“We think that some of the optimism will be manifested to some extent by improved earnings growth,” said Gary Schlossberg of Wells Fargo Investment Institute. “And maybe the market is pricing in some of that as well of late, but we still think that gives the market some added mileage.”

WINNING AT LIFE!

The best routine to avoid insomnia

Image Source: WebMD

It’s safe to say that most adults don’t get as much sleep as they should. In fact, about 30 percent of the general population complains of regular sleep disruption, contributing to insomnia.

Insomnia not only saps your energy and affects your mood, but it can also put your health, work performance, and quality of life in a downward spiral.

The most common insomnia symptoms include difficulty falling asleep, waking up during the night, waking up too early, daytime tiredness, difficulty focusing, irritability, depression, and anxiety.

If that sounds like you, these simple adjustments in your lifestyle and routine can go a long way in helping you get the quality and quantity of sleep you need!

FITNESS FRIDAY

Stocking your home gym with fitness equipment doesn’t have to be as difficult and expensive as you may think. There are tons of great fitness equipment options that are effective and affordable.

A new addition to your gym doesn’t always have to be a large piece of equipment that takes up space and empties your wallet. Something as simple as a weighted jump rope can add a new dynamic to your at-home work out without breaking the bank. Quality weighted jump ropes can be purchased for under $20 and can help you burn calories and lose weight.

Mini trampolines are also great additions to home gyms and cost between $50 and $70. Exercising on one can help improve your balance, mobility, and cardiovascular health. What else can you add to your home gym that is budget-friendly?  

PLANNING FOR THE FUTURE

How to talk about family finances in a crisis

Image Source: Life And A Budget

As of November of 2020, there are about 10.7 million Americans currently out of work. And of those, about 3.9 million have been unemployed for at least 27 weeks. Since that number has likely climbed since then, things are likely getting worse for a lot of families.

Which means those families face some tough money conversations that no one really wants to have.

But, when life deals you lemons, it’s a good idea to rally the troops and start making lemonade together. And you can start that process by checking in on your financial plan. Because outside of the pandemic, there are other things that can throw a wrench in the gears. Things like a new marriage, a new divorce, a new baby, or a new career.

So, regardless of what your family looks like or how many people are in it, now is a great time to sit down and talk about money. And here are some super simple ways to ease into those difficult conversations.

Stay Informed,

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Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates