IMGENERATIONX

6 Month Treasury Bill Rate is at 4.51%, compared to 4.55% the previous market day and 0.16% last year. This is higher than the long term average of 4.

The International Association of Professional Debt Arbitrators.

What is the downside to debt relief?

Stopping payment on a debt means you could face late fees and accruing interest. Additionally,

just because a creditor agrees to lower the amount you owe doesn’t mean you’re free and clear

on that particular debt. Forgiven debt could be considered taxable income on your federal taxes.

How do you qualify for debt relief?

As noted above, to qualify for a debt relief program, you must be able to make a monthly payment

into a settlement fund, which will be used to settle with your creditors. For many consumers,

this monthly payment will be lower than the total monthly payments on their credit cards.CREATING WEALTH 2023-PLANNING FOR A PROSPEROUS NEW

How much does debt relief cost?

15% to 25%

Fees. No matter what debt relief solution you choose, it’s important to understand the fees

associated with it. Debt settlement services typically charge a percentage, usually 15% to 25%,

of the total amount you owe. For example, if you have $10,000 in debt and the company’s fee is

20%, the fee would be $2,000.

Does debt relief destroy credit?

It sounds like a good deal, but debt settlement can be risky: Debt settlement can destroy your

credit. Reaching a settlement can take a long time to accomplish — often between two to four

years. It can be costly.

How many points does debt relief hurt your credit?

Debt settlement can cause your credit score to fall by more than 100 points, and it stays on

your credit report for seven years. If your creditors close accounts as part of the settlement

process, this can cause your credit utilization to increase, which also negatively affects

your credit score.

Can I buy a house after debt settlement?

Can You Buy a Home After Debt Settlement? Absolutely! Lowering your debt can make a huge difference

when you’re ready to apply for a mortgage (what is a mortgage?). It’s probably been a difficult

journey getting debt relief, and like any time after you’ve completed a challenge, you want to

reward yourself.

Do you need good credit for debt relief?

No, you don’t need good credit for a debt consolidation loan, but it definitely helps. Good credit

means better loan offers and bigger savings on your debt. Bad credit limits your loan options,

and the remaining loans may have such high-interest rates that they aren’t worth it.

KINDLE WEALTH BUILDING eBOOKS — PROPERSING 2023

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending December 10, the advance figure for seasonally adjusted initial claims was 211,000, a

decrease of 20,000 from the previous week’s revised level. The previous week’s level was revised up by

1,000 from 230,000 to 231,000. The 4-week moving average was 227,250, a decrease of 3,000 from the

previous week’s revised average. The previous week’s average was revised up by 250 from 230,000 to

230,250.

Retail sales fell 0.6% in November as consumers spent less.

7 hours ago — Retail sales for November declined 0.6%, even worse than the Dow Jones estimate for

a 0.3% drop. · Weekly jobless claims fell to 211,000.

What happens when consumers save more?

As personal saving contributes to investment, all else equal, a higher saving rate will result in

a higher level of physical capital over time, allowing the economy to produce more goods and services.

Why is it important for consumers to save money?HOW MUCH WILL YOUR SOCIAL SECURITY RAISE BE IN 2023?

Saving money is a great place for consumers to start, or continue, to work on their finances. Using

money that you’ve set aside to pay for unexpected expenses or to make a large purchase can help you

avoid debt. And, knowing that you’re saving for long-term plans like college or retirement can give

you peace of mind.

Savings-Related Resources – FDIC

How much savings do consumers have?

In Q2 2022, total savings was $1.7 trillion. Across the entire timeline, the majority of savings

are held by the top two income quartiles, but the bottom two still have significant amounts.

Americans are still collectively sitting on $1.7 trillion in excess savings built up over the

pandemic. Oct 31, 2022
Do people save more or less in a recession?

Consumers in Vulnerable Position Should Recession Happen

One of the more troubling aspects of this week’s survey results is not only are consumers spending

their savings, but they’re also saving less than they were before. Oct 20, 2022How can wise consumers
save money?

Tips on how to be a Smart Consumer

products that have long life spans – avoid disposable items.

Buy products that have minimal packaging.

Buy products in their concentrated form.

Buy only what you need. Consuming less, you dispose of less waste.

Consider buying in bulk for those necessary purchases.

How to be a Smart Consumer | City of Irvinehttps://www.cityofirvine.org › environmental-programs

Do you pay tax on T-bills?

Like other low-risk investments, such as savings accounts and certificates of deposit (CDs),

T-Bills often earn relatively low interest; unlike with those other options, however, interest

earned by a T-Bill is not subject to state or local taxes, although it is subject to federal income tax

How does restrictive monetary policy affect inflation?
Restrictive monetary policy instruments

This has the effect of slowing down the granting of credit to economic agents, as the cost of credit is higher. It is therefore a way to slow down the expansion of the money supply and thus to fight inflation.

Which of the following are functions of restrictive monetary policy?

It reduces the amount of money and credit that banks can lend. It lowers the money supply by

making loans, credit cards, and mortgages more expensive. That constricts demand, which slows

economic growth and inflation. Restrictive monetary policy is also known as contractionary

monetary policy. Federal Reserve issues FOMC statement – December 14, 2022https://www.federalreserve.gov › files

19 hours ago —

policy that is sufficiently restrictive to return inflation to 2 percent … tightening

of monetary policy, the lags with which monetary

What are the 4 policy tools of the Federal Reserve?

Central banks have four main monetary policy tools: the reserve requirement, open market

operations, the discount rate, and interest on reserves.

What are the 3 mandates of the Federal Reserve?

Image result for Federal Reserve sufficiently restrictive policy

The Federal Reserve Act mandates that the Federal Reserve conduct monetary policy “so as to

promote effectively the goals of maximum employment, stable prices, and moderate long-term interest

rates.”1 Even though the act lists three distinct goals of monetary policy, the Fed’s mandate for

monetary policy is commonly.

Which policy tool is the most used by the Fed?

Key Takeaways

The primary tools that the Fed uses are interest rate setting and open market operations (OMO).

The Fed can also change the mandated reserves requirements for commercial banks or rescue failing

banks as lender of last resort, among other less common tools..

What is an example of restrictive monetary policy?

An example of restrictive monetary policy is when the Federal reserve raises the bank’s reserve

requirements (which reduces the amount of money banks have to lend to consumers) or raises the

How does restrictive monetary policy affect inflation?

Restrictive monetary policy instruments

This has the effect of slowing down the granting of credit to economic agents, as the cost of credit

is higher. It is therefore a way to slow down the expansion of the money supply and thus to fight inflation.

The economy may be to strong and too weak. For the Federal Reserve according to Chairman J. Powell

job creation is to high. What about corporate profits of 8%. What about 2 jobs for everyone that

unemployed? This is the path he United States of America economy is on. Should the Federal Reserve

increase the Federal Fund Rate by another 75 points December 14, 2022???

4.55%

6 Month Treasury Bill Rate is at 4.55%, compared to 4.56% the previous market day and 0.13% last year.

This ishigher than the long term average of 4.48%.

6 Month Treasury Bill Rate is at 4.55%, compared to 4.56% the previous market day and 0.13% last year. This is higher than the long term average of 4.48%.

When inflation is too high, the Federal Reserve typically raises interest rates to slow

the economy and bring inflation down. When inflation is too low, the Federal Reserve typically

lowers interest rates to stimulate the economy and move inflation higher.

DARE TO PROSPER – DARE TO BE RICH — DREAM BIG -SET GOALS

How does the Russell 2000 work?

The Russell 2000 is a stock market index that tracks the performance of the

smallest publicly traded companies in the United States. Created in 1984, the

index is widely considered to be the most comprehensive barometer for the

performance of the small-cap sector of the economy.

It’s set as a range between an upper and lower limit. The federal funds rate is currently 3.7% to 4%

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

What is the job outlook for 2022?

How many unfilled jobs are in the US in 2022?

10.7 million

Job openings decreased to 10.7 million in June 2022 : The Economics Daily: U.S. Bureau of

Labor Statistics.

What is causing the worker shortage?

Typically, a labor shortage occurs when there are not enough available workers participating
in the labor market to

meet the demand for employees. For example, in the United States, there are nearly 11 million

job vacancies, but only

6.5 million workers are listed as unemployed in 2022.

What was the highest federal funds rate in history?

20%

Key Takeaways. The highest fed funds rate was 20% in 1980 in response to double-digit inflation.

The lowest fed funds

rate was zero in 2008 and again in March 2020 in response to the coronavirus pandemic. The FOMC

announced in

November 2022 that it would continue to raise interest rates in response to rising inflation.

s federal funds rate the same as interest rate?

The fed funds rate is the interest rate that depository institutions—banks, savings and

loans, and

credit unions—charge each other for overnight loans. The discount rate is the interest
rate that

Federal Reserve Banks charge when they make collateralized loans—usually overnight—to

depository

institutions.

How many people are employed in the U.S. 2022?

about 158.94 million people

U.S seasonally adjusted monthly number of employees 2021-2022. In September 2022, about 158.94

million people were employed in the United States.

The New York Times bestselling author of The 4-Hour Body shows readers how to live more and work less, now with more than 100 pages of new, cutting-edge content.

Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint.

What are the 3 types of poverty?

There are multiple types of poverty.

Situational poverty.

Generational poverty.

Absolute poverty.

Relative poverty.

Urban poverty.

Rural poverty.

How do I apply for Job Corps?

To enroll, call 1-800-733-JOBS [5627] or visit the Recruiting and

Enrollment Interest page. People who are hearing-impaired may call this

toll-free TTY number: 1-877-889-5627

Job Corps is the largest Free residential education and job training program

for young adults ages 16–24. We connect you with the skills and education.

The US economy is on record pace to end 2022 with the most jobs created in any

12 month period. Get ready for 2023 when we see more than 300,000 jobs created

each month in the United States. Returning manufacturing from overseas, exporting

more goods/services, chip manufacturing, infrastructure spending, not to mention

the billions of dollars states have in surplus. The Federal Reserve will raise

the Federal Fund rate in 2 weeks, again in January and February of 2023 stalling

out inflation which will only boost the United States of America Economy.What are the Types of GDP?

Nominal GDP – the total value of all goods and services produced at current market prices. …

Real GDP – the sum of all goods and services produced at constant prices. …

Actual GDP – real-time measurement of all outputs at any interval or any given

time. Your definition of GDP is FLAWED. Two quarters generally only make a

recession if GDP falls enough to impact the economy. First quarter and 2nd quarter

of 2022 GDP did fall but job creation was great and 3rd quarter GDP and job

creation was awesome. Families are cutting spending, paying down debt and building

cash reserves. It is unclear why so many reducing debt. Yes, I agree every year

people over spend during the months before Christmas. As to labor Job Corp which

is a free government training program for 16 – 24 years and have trained over 2

million is ONE solution to labor shortage. The United States economy need more

skill labor and opportunity for those lack skill training. Job Corps—Suggested—16

to 30 years and double the budget from infrastructure bill, Inflation Reduction Act

and the Chip Bill.
What is a recession in the economy?

Image result for recession definition economics

A recession can be defined as a sustained period of weak or negative growth in

real GDP (output) that is accompanied by a significant rise in the unemployment

rate. Many other indicators of economic activity are also weak during a recession.

Short motivational quotes

• “Just one small positive thought in the morning can change your whole day.” — …
• “Opportunities don’t happen, you create them.” — …
• “Love your family, work super hard, live your passion.” — …
• “It is never too late to be what you might have been.” —

What are good short quotes?

Here are 55 of my favorite short quotes for you to read, remember and retell:

Love For All, Hatred For None. …

Change the world by being yourself. …

Every moment is a fresh beginning. …

Never regret anything that made you smile. …

Die with memories, not dreams. …

Aspire to inspire before we expire.

What is inspiring in life?

To live an inspiring life means that you are living life to the fullest. It

also means that you are living a meaningful life that is based on your passion

and your life’s true calling. By doing so, you can feel the happiness most

people are just dreaming to have.

What is positive inspiration?

Being positively inspired is when someone is making progress towards their

immediate, conscious goals and awakening to something new, better, or more!

What are some unique quotes?

Image result

Being Unique Quotes

“What sets you apart can sometimes feel like a burden and it’s not. And a lot

of the time, it’s what makes you great.” — Emma Stone. …

“In order to be irreplaceable one must always be different.” – Coco Chanel. …

“Always remember that you are absolutely unique. Just like everyone else.” –

Key Insights. An emergency fund can serve as your personal safety net during periods of financial stress. While you’re working, we recommend you set aside at least $1,000 for emergencies to start and then build up to an amount that can cover three to six months of expenses.

Bloomberg on Bank of America’s flow data: The “Rush to Cash Is Now at Fastest Pace

Since Pandemic.”

What is not clear is how far this phenomenon has run/can run … which, of course, is

critical for determining when this negative technical turns into a positive one for markets.

How do you build cash reserves?

It is important you build a cash reserve in order to improve the financial security of

your business.

…

How to build up your business cash reserves in 5 simple steps

Improve debt management. …

Have a tight invoice. …

Consider invoice finance. …

Cut down your expenses. …

Ensure you pay back your reserve.What does it mean to have cash reserves?

What Are Cash Reserves? Cash reserves refer to the money a company or individual keeps

on hand to meet short-term and emergency funding needs. Short-term investments that

enable customers to quickly gain access to their money, often in exchange for a lower

rate of return, can also be

called cash reserves

How do you maintain cash reserves?

Set a Monthly Target

Aiming to put aside whatever money is left each month is not going to work. It would be best

to budget your transfer to cash reserves in the same way you budget for costs. So, include

a specific amount of cash to transfer to your reserve account each month in your forecasts

Where can I invest cash reserves?

Money market funds are a good option as a secondary savings account or to hold a portion

of your emergency money. They’re offered by mutual funds and investment companies. The

funds invest in debt: super-safe, short-term Treasury bills, plus short-term municipal

and corporate debt (also known as “commercial paper”).

One difficulty with such a policy, of course, is that the Fed would be responding to past economic conditions with policies that are not likely to affect the economy for a year or more. Another difficulty is that inflation could be rising when the economy is experiencing a recessionary gap.

What does the dollar index do?

The dollar index tracks the relative value of the U.S. dollar against a basket of
important world currencies. If the index is rising, it means that the dollar is
strengthening against the basket – and vice-versa.

SHOULD YOU BUY 6 MONTHS TREASURIES

What is the basic definition of economics?

Economics is the study of scarcity and its implications for the use of resources, production

of goods and services, growth of production and welfare over time, and a great variety of

other complex issues of vital concern to society.

What is the meaning economic theory?

What are the 4 economic theories?

The 4 economic theories are supply side economics, new classical economics, monetarism and

Keynesian economics.

Supply-side economics is a theory that maintains that increasing the supply of goods and

services is the engine for economic growth. It advocates tax cuts as a way to encourage

job creation, business expansion, and entrepreneurial activity.

Keynesians believe that, because prices are somewhat rigid, fluctuations in any component

of spending—consumption, investment, or government expenditures—cause output to change.

If government spending increases, for example, and all other spending components remain

constant, then output will increase.

What is classical economic theory?

What are the main features of classical economics?

It focused on economic growth and economic freedom, advocating laissez-faire ideas and belief

in free competition. The classical economic theory propagated the countries to move from

the monarch rule to a capitalistic democracy factored with self-regulation.

What does consumer mean in economics?

Consumers are people who buy or use goods and services to satisfy their wants. When you eat

your dinner, you will be a

consumer.

What is the study of consumer economics?

Image result for consumer economics definition

Consumer economics deals with the question of how the consumer allocates his scarce means over

a variety of different commodities and services. The consumer is thought to be able to order

the various sets of quantities of goods and services that fit in the limited budget according

to his or her preferences.

How much do retirees pay for Medicare?

The Centers for Medicare and Medicaid Services has announced the standard Medicare

premiums for Part B beneficiaries will be $164.90 a month in 2023, down $5.20 from

the $170.10 monthly charge in 2022, or about 3% less.

Do you still pay into Medicare after 65?

Many people enroll in Medicare Part A at 65, even though they have employer coverage,

because it’s free unless they or their spouse has paid fewer than 40 quarters of Medicare

taxes. However, they may decide to wait if they want to continue contributing pretax

dollars to a health savings account (HSA).

Why is Medicare B free?

Medicare Part B is only free if you have a low income and are enrolled in one of the Medicare

Savings Programs for financial assistance. Eligibility for these programs varies by state,

and some states make it easier to qualify because of higher income limits or by eliminating

the asset requirement.

What happens if you don’t enroll in Medicare at 65?

Generally speaking, if you do not sign up for Medicare on time, you may have to pay a 10%

surcharge on Medicare Part B premiums for each year you go without coverage starting the

month you’re eligible for coverage. You’ll have to pay this penalty each time you pay your

premiums as long as you have Part B.

Should I keep my health insurance if I have Medicare?

There is no compulsion to have other health insurance legally speaking. However,

most people will want to have additional health insurance even when they have Medicare.

This is because Medicare doesn’t cover everything that most retirees would like covered.

What is core inflation vs inflation?

Image result for core inflation

One common way economists use inflation data is by looking at “core inflation,” which is

generally defined as a chosen measure of inflation (e.g., the Consumer Price Index or CPI,

the Personal Consumption Expenditures Price Index or PCEPI, or the Gross Domestic Product

Deflator) that excludes the more volatile …

Set daily goals.

This is very important, as it will give you a challenge for the day. Something you need

to work to meet up to. A daily standard. Once you have this goal set out every day you

won’t find it hard to work. You will always thrive to meet your daily target no matter

what.

Getting the training for the job and staying motivated daily to do the job.

Starting a new job can be very challenging for anyone. It’s never an easy experience, in

fact the whole process is very tedious. From the job searching, job application and

interview to starting the job itself. Most jobs require additional training before one is

hired. These trainings are usually things you weren’t familiar with before, but can help

you start up the job with much

ease once learned.

Apply for the job training with the mindset that this what you’re going to be doing for a

long time.

STARTING A SUCCESSFUL BUSINESS

Pay good attention to the training lessons and try to practice anything learnt immediately.

Make additional research on the job descriptions so that you won’t be lost in the training.

At least you will have good knowledge of what is being taught. One common mistake people

make when they go for job trainings is believing they know it all already. Swallow your

ego/pride and bend low to learn during a job training. After the training you’re good to go.

Staying motivated daily to do a job.

Motivation to work is something that can be very hard to a lot of people. Overtime, we tend

to lose interest to do a particular work because we no longer find reason to go on. Below

are ways to stay motivated daily to do your work.

1. Don’t think about your work as hard.

Try to see it as something you need to do to make a living. Without it you won’t eat nor

pay bills. Seeing it as hard work will only make your daily bread harder to come by.

2. Set daily goals.

This is very important, as it will give you a challenge for the day. Something you need

to work to meet up to. A daily standard. Once you have this goal set out every day you

won’t find it hard to work. You will always thrive to meet your daily target no matter what.

3. Learn to celebrate/reward success.

When you reach milestones, celebrate them. Reward yourself and/or colleagues. Let your

celebrations motivate you to work harder for the next milestones. Rewards and celebrations

are well known to motivate even the worst of us to try and do better in our tasks.

4. Read daily.

Learn to read daily, pick a chapter or couple of pages to complete before day’s end. Read it

whenever you’re free (less busy) from your work. Once you make this a habit, you will b highly

motivated to work daily because there’s always a great read awaiting you at the end of your work.