Hope you all appreciated the Talking Heads reference in the subject line!
Happy Wednesday morning to you.
How are we already halfway through this week? Holy smoke, we're almost halfway through the month!
Okay maybe more like a third, but how quickly is time passing this year?
Still, I guess the faster time passes, the more vaccines go out, the fewer cases there are, and the more we can return to normal.
The economy isn't perfect. But I saw one article this week that really interested me.
It was from CNBC, and it talked about how people have been moving out of the city into the suburbs over the last year.
Now, naturally, that has something to do with the coronavirus. People want to move out of less-concentrated areas and into more spread-out communities.
But COVID-19 wasn't actually the number one reason people reported for moving.
The biggest reason people left the city over the last year was financial.
People lost jobs, or lost income, and couldn't afford expensive urban housing, and instead had to move to the suburbs.
But CNBC didn't stop there. They also included something else really interesting: a graph of the average income someone needs to buy a home in a given state:
People tend to look at America as one big place, but it's actually a network of smaller places.
And where you live can make a huge difference in your financial challenges and your financial opportunities.
For example, if you live where I live (Washington State), you're clearly getting gouged on housing prices.
On the positive side, though, you do get views like this:
(I didn't take that photo. But how cool is that?!)
The point is, wherever you live, even if you live outside the U.S., you face a lot of challenges. And where you live presents you with unique challenges that others don't face.
There's not a one-size-fits all solution for your challenges or a perfect path to reach your goals.
That's why I've been so fixated on fundamentals lately.
I can't possibly know anyone's individual circumstances, but I know without a doubt that if I teach someone how to read candlesticks as I did in this free class, I can show them how to analyze charts for themselves and learn how to find trades that are right for them. (Clicking registers you automatically for the free class - privacy policy)
The old expression "home is where the heart is" is so true.
But home is also where the challenges are.
And we need to take responsibility to plan our own solutions to the specific obstacles we face.
Hope this helps, and I hope you're having a fantastic week.
Chat soon,
Markay
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.
Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States
No comments:
Post a Comment