Phase 2 of 5: Your Financial Assessment - Reality Check

the Weekly FIVES Series [6 of 250]: This episode covers macro and market updates, how the 5 stocks I purchased for the FIVES challenge are fairing, our Feb Bucket Tracker and F contributions, and framework for financial freedom topic of the week:  The 5 Phases to Reach Financial Independence –  Phase 2:  Your Financial Assessment – Reality Check

1.  What is your current debt?

2.  What is your monthly spread (cash flow), what are your expenses?

3.  How much are you investing into your F bucket?

4.  How much of an emergency fund do you have?  

5.  What's your number?

 All designed to help you build a financial strategy for you or your family, the path to FI.

Here’s a free link to download and print The Bucket Tracker http://tinyurl.com/y3wcxxzy

Macro update:

ISM (Institute of Supply Mgmt) :  barometer for service-oriented business conditions reached 4 month high, up 3% from prev month
 
 ESPN, FOX, and Warner Bros Discovery will launch a joint sports streaming service, major shakeup in TV industry
 
 SNAP earnings - down 30%, PPL down 11%, AI is ripping.
 Job Claims around 220k at forecast
 
 CC debt delinquency rates surged more than 50% in 2023to their highest level since 2008
 
 Consumer credit only rose 1.5b, experts were expecting 15b in Dec, quite a drop from 23b in Nov.  People starting to feel the pain of revolving credit.
 
 CPI for Jan next week

Market update
Nasdaq:  up 2.3% for the week, 8.2% ytd
S&P 500: up 1.5%, 6% ytd
Russell 2000:  up 3.6%, now flat ytd
BTC: - up 11%%, down 7% ytd
Oil: up 5.6% for the week, up 5% ytd
MAGS:  Mag 7:  up 2.6% for week, up 15% ytd, (Alphabet, Apple, Amz, Meta, MSFT, NVIDA, Tesla)

If this episode moves you in any way, please share with friends, family, your teenage kids, and tune in next week. Thank you!

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FIVES: Financial Independence Vs. Endless Struggle. No More 9 to 5 until 65.