Graham Stephan – Goodnewsnigeria

URGENT: Federal Reserve Freezes Rates, Stocks Decline, Housing Falls

Graham Stephan — Wed, 20 Sep 2023 20:00:12 +0000

Get a 60-day free trial at https://shipstation.com/graham – Thanks to ShipStation for sponsoring the show! Let’s talk about the latest Federal Reserve Rate Hike and what this means for stocks, real estate, and a recession – Enjoy! Add me on Instagram: GPStephan

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The Federal Reserve Rate Hike:

-INFLATION:
On September 13th, overall inflation across all items rose by 3.7% year-over-year, up from the 3% that we saw back in June. In terms of the categories that saw a price increase, Frozen Vegetables are up 14.7% year-over-year, salad dressing is up 12.1%, uncooked beef is up 10.7%, and chewing gum is up 9.4%.

We also have car insurance up 19% from a year ago (which, is likely due to the fact that labor and materials are 17% more expensive today if you need a repair), shipping fares are up almost 10%, Pet Food is up 8.7%, and rent of a primary residence is up 7.8%.

-HOUSING:
National housing prices have increased by 2.5% year over year, however – monthly payments today are 19% more expensive than a year ago.

According to CoreLogic’s recent report, “The annual re-acceleration reflects six consecutive monthly gains, which drove prices some 5% higher compared to their bottom in February.” They also go on to say that the 11 states that saw home price declines were all in the West, “but since many of those markets have inventory shortages, that trend may be short-lived, and recent buyer competition will cause prices to heat up again.” In terms of where we might go in the future, it’s suggested that – since inventory is down from a year ago, “that’s an indication that home prices for 2024 will be roughly flat compared to now.”

-CAR PRICES:
Since 2012, the average new car has increased from $30,570 to more than $48,000. A report from UBS estimates that global car production “will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots.” This also suggests that prices could be coming down towards the end of 2023 or early 2024 – and, depending on the type of car you’re buying, this could already be happening early – for example, with Tesla.

-THE FEDERAL RESERVE MEETING:
The FED decided to pause their rate hike for the month of September until they can get a more definitive direction on how badly inflation persists. This means, their stance will largely be unchanged for the next month until November 1st, at which point – there’s a modest chance we’ll see one more 25 basis point hike.

As of now, it seems unlikely that they’ll be lowering interest rates anytime soon – at least until inflation is CONSISTENTLY below their 2% target – and, in terms of when that is, the market isn’t pricing in a strong chance of that happening until September 18th of 2024.

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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan receives cash compensation from Public for sponsored advertising materials. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/

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How To Save $10,000 FAST

Graham Stephan — Mon, 15 May 2023 22:00:51 +0000

Here is exactly how you can save $10,000 – Fast – using these simple strategies to begin cutting back, saving more, and investing more – Enjoy! Add me on Instagram: GPStephan | GET MORE INFORMATION HERE: http://grahamstephan.com/newsletter

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HOW TO SAVE $10,000 FAST:

1. Break Down The Timeframe
There’s a problem if you tell yourself: “I just want to save $10,000 as fast as possible” – in that case, the deadline is INDEFINITE – so, it helps to have a REALISTIC timeline of when you want to accomplish your goal.

2. Start Right Now
You have the MOST momentum when you’re initially excited about the idea of trying something new; within about a day, that excitement wears off and you’re stuck with the reality that your entire life has been one giant procrastination. So start immediately!

3. Create A Budget
All of you need to do is make a free account with a money-tracking platform where they aggregate all of your accounts and credit cards into one interface. From there, you can see exactly how much money is going in – and OUT – every single day, in real-time.

4. Reduce Spending
You’ll quickly begin to see that there’s a LOT of discretionary income you don’t need to spend, at all. Find out what those items are, and learn new ways to cut back or save the difference.

5. Pay Yourself First
With this, you’ll AUTOMATICALLY “pay yourself” a certain amount of money, right off the top, and then you’re free to spend whatever is left. Doing this ensures that you’ll always have money left over each month.

6. Here are practical ways you can cut back:

Housing: Perhaps you’d be able to rent out a bedroom. Maybe you’d be able to ask your landlord for a reduction in rent – or, look into moving to a less expensive area when your lease is up. If you own a home, look into shopping around for home insurance, make sure to adjust the thermostat to save money when you don’t need it, reduce water usage, you have a TON of ways to reduce costs here, and – by implementing a few of these…you should be able to AT LEAST save an extra $10 per day.

Transportation: Most cars hit their “peak depreciation” around year 6-7 – so, use that to your advantage, because then you’ll be able to recoup as much value as possible throughout your ownership.

Taxes: It’s more important than ever to make sure that you have, at least, a BASIC UNDERSTANDING of how the tax system works so that you can fully utilize every single resource that’s designed to help you keep more money.

Food: STOP ALL LAZY SPENDING. Don’t order Starbucks when you can just as easily make it at home. Don’t Postmates meals when you have food available in the refrigerator. By doing this, EVEN if you’re able to save just an extra $3 per day – it really begins to add up.

Debt Repayment: It’s said that the AVERAGE American has $5700 worth of credit card debt at an average of a 24% interest rate – which means, that’s $114 wasted – each and every month – that you aren’t paying off your bill, in full.

Apparel: Americans are spending, on average, $133 per month on clothing. If that’s accurate, stop shopping, or cut down your clothing budget by HALF.

7. Get a Side Hustle
If you’re not willing to cut back on your spending, and you don’t want to save pennies while eating beans and rice every night – the fact is, you gotta make more money…and the fastest way to do that is by working more hours.

My ENTIRE Camera and Recording Equipment:
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For business inquiries, you can reach me at graham@night.co