What the Millennials Baby Bust Means for Your Money Rodney Johnson | May 16, 2019 | The week before we married almost 30 years ago, my new boss turned to me and said, "Son, you're never richer than the day before you get married." Hmm. For the next three years, I was reminded daily of his words. Decisions that I made alone before our marriage now required consent, or at least forewarning. But then I realized my boss had not just been wrong; he'd lied. He knew the truth: it wasn't the marriage that made you poor; it was the kids. While my wife and I had to hash out how we spent our joint income after marriage, we still spent those dollars on ourselves, and we could make choices. When it came to kids, we had no choice. Whatever they needed, we bought, even if on credit. As for our needs and wants, well, they ended up somewhere between "Maybe one day," and "When we win the lottery." I don't begrudge the kids. In fact, I'm jealous that one of my friends just had a baby. He texted and said, "I highly recommend that you get one of these!" Granted, it's not exactly his kid. It's his first grandbaby. But that's nitpicking. I still want one. Not just for my personal enjoyment, but for the good of the nation. When it comes to having kids, we've fallen behind, which will tear through our economy like a 100-car train wreck. But as someone once wrote, a train wreck in slow motion is still a train wreck. And this one is happening right before our eyes… READ MORE » New study reveals why America is headed for disaster According to America's #1 economist, this shocking event only happens every 250 years. It's called "Zero Hour"... and when it happens again soon, it's going to trigger the greatest upheaval in modern history… bankrupting millions of Americans practically overnight. But you don't have to be one of them. In fact, if you take a few simple steps today to prepare yourself, this event could make you very rich in the months and years ahead. Click here for the full story. | Trending Stories... 100%. That's how much the price of bitcoin increased since December 31. At last check, the cryptocurrency was trading at $7,502, after jumping 14% on Friday and 7% on Monday. For non-mathematicians, that's more than 20% in just a couple of days. Not bad. So, are cryptos back? If you're looking for an investment with... In my Economy & Markets video on Friday, I discussed why the trade deal has been challenging and likely doomed in the end. I also talked about the impact the "sudden" collapse in negotiations has had on the markets. Investors thought a deal was imminent. Now, they see it's nowhere in sight… and they're storming... Markets were badly shaken this morning as news of China's planned tariffs on $60 billion worth of U.S. goods hit the wire. I emailed Boom & Bust subscribers earlier with an update on my Dark Window scenario, and some insights into what to expect over the next few months. I've labelled one possible outcome "Holy... Markets look to finally be making a much-needed correction, triggered by the U.S.-China trade deal drama. Everyone seems to think a deal is around the corner. Not me. While this trade war hurts them, they have a long-term goal, and they're prepare to take all the pain in the world to achieve it. I explain... I recently had dinner with my extended family. Afterwards, my parents mentioned they were surprised at how expensive the meal had been. It was a nice restaurant, but nothing fancy. It worked out to roughly $50 apiece, before tip. As we left, we separately climbed into our newish cars, which all cost more than $40,000.... |
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