20 min
Episode 71: Adjustable Rate Loans, Dollar's Rise & Changes to Your Tax Bill + Focus on What You Can Control Minds Over Money
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- Investing
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [17:35] And this week’s financial planning topic is Focus on What You Can Control. 👀
📈 [0:45] The first headline, “As Mortgage Rates Top 6% More Borrowers Choose Adjustable-Rate Loans”, is an article that explores the recent increase in adjustable-rate mortgage applications as rates top 6% for the first time since November of 2008.
⚠️ [4:26] The second headline, “Dollar’s Rise Spells Trouble for Global Economies”, discusses the historic rally the U.S. dollar has been on this year, largely due in part to the Federal Reserve’s interest rate increases and how the rise in the dollar is affecting emerging market economies as well the central banks of developed economies.
🧾 [10:59] The Final headline, “High Inflation Brings Changes to Your Tax Bill”, is a deep dive into the potential changes to tax thresholds, retirement contributions, and tax brackets for the tax year 2023 due to historic levels of inflation.
Hope you enjoy it!
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [17:35] And this week’s financial planning topic is Focus on What You Can Control. 👀
📈 [0:45] The first headline, “As Mortgage Rates Top 6% More Borrowers Choose Adjustable-Rate Loans”, is an article that explores the recent increase in adjustable-rate mortgage applications as rates top 6% for the first time since November of 2008.
⚠️ [4:26] The second headline, “Dollar’s Rise Spells Trouble for Global Economies”, discusses the historic rally the U.S. dollar has been on this year, largely due in part to the Federal Reserve’s interest rate increases and how the rise in the dollar is affecting emerging market economies as well the central banks of developed economies.
🧾 [10:59] The Final headline, “High Inflation Brings Changes to Your Tax Bill”, is a deep dive into the potential changes to tax thresholds, retirement contributions, and tax brackets for the tax year 2023 due to historic levels of inflation.
Hope you enjoy it!
20 min