‘I only work 5 hours a week’

I was never the entrepreneurial type. But after losing my job as an audio engineer in 2009, I had to get creative to make ends meet. Thirteen years later, at the age of 39, I have built two online businesses that give me a combined profit. $160,000 a month in passive income. I also recently … Read more

Does the Inflation Reduction Act violate Biden’s $400,000 fiscal promise?

JimWatson | Afp | fake images Senate Democrats’ package on climate change, health care, drug prices and tax measures unveiled last week has supporters and opponents debating whether the legislation violates a promise by the president. Joe Biden has done since his presidential campaign, a not raise taxes in households with incomes below $400,000 a … Read more

Retirees may be focusing on the wrong risks to their financial security

Sporrer/Rupp | Image source | fake images Market declines may stoke retirees’ fears that they will no longer have enough assets to live on. But it turns out that may not be the biggest financial risk they should be on the lookout for in retirement. Instead, longevity — prospective retirees may live longer than expected … Read more

Is the economy in recession? The best economists say

‘We should have an objective definition’ Officially, the NBER define a recession as “a significant decline in economic activity that spreads throughout the economy and lasts for more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second contraction in a … Read more

Opinion: Bear Market Depression: How to Maintain a Sense of Financial Control in Times of Uncertainty.

Between pandemic lockdowns, health issues, controversial politics, and significant inflation with rising prices, many US investors may feel like they are losing control of their situations. Add to that a bear market for stocks, with a possible recession looming. To maintain resilience, we can focus on taking care of our physical, mental, and financial well-being … Read more

Typical job changer got nearly 10% pay raise, study finds

Walrus Images | digital vision | fake images Many workers who recently changed jobs saw their new paycheck increases outpace inflation by a wide margin, by nearly 10% or more, according to a new study from the Pew Research Center. The typical American who changed employers in the year from April 2021 to March 2022 … Read more

I am the chief economist for a mortgage firm that has financed over $100 billion in loans. These are 3 things you need to know about the real estate market right now.

cameron findlay As home prices and mortgage rates rise and housing inventory remains severely limited, many homebuyers are asking: Should I buy? And if I want to buy, what do I need to know now about the real estate market? That’s why MarketWatch Picks created a Serie where we asked leading economists and real estate … Read more

‘I’ve seen my accounts drop by 22%.’ My financial advisor has generally done well, but now it seems that he is not making enough adjustments in this tough market as I am losing large chunks of money. What’s my move?

How to know if your financial advisor is doing a good job. Getty Images/iStockphoto Ask: I have had a financial advisor with a national firm for over a decade. We have done well and your fees are appropriate at 1%. His firm’s strategy is to buy a basket of shares, and there are literally dozens … Read more

‘Continuing home price deceleration.’ Here’s what 5 economists and real estate pros predict will happen to the housing market this year

What will happen in the housing market this year? Getty Images When will home price growth really slow down? Will mortgage rates continue their upward climb? What do I need to know if I’m trying to buy a house now? These are all questions we’re hearing from readers, peers and others, so we asked top … Read more