Most car loans taken in the last 2 years are now underwater; auto lenders are bracing for a wave of reposessions. — My best friend, who owns a car dealership, told me about about an extremely alarming thing happening in the auto lending market. This will lead to massive repossessions in 2023. No one talks about it, despite auto lenders preparing for it. Before we dig into this, let me provide you…

Seeking FI (Financial Independence) can take a toll on your happiness … Not everyone is made for RE (Retire Early) For many, Financial Independence, Retire Early is an idea of heaven. Being able to log off your work computer and leave the office forever in the knowledge that you are…

Housing has become unaffordable … Prices are looking dangerously expensive House prices in major economies have generally been going up since the global financial crisis. …

They all have common attributes … Learn how to spot them Some things sound too good to be true, especially when money is involved. And, at times of strong asset price inflation and many investors making huge profits in the short-term speculating on stock options or crypto, our judgement can…

The launch of the central bank’s digital currency could weaken cryptocurrencies including Bitcoin and the USD dominance in global trade China’s crackdown on cryptocurrencies has intensified in recent months. Beijing has banned banks and payment firms from providing services related to crypto-currency transactions. It also banned Bitcoin mining in some…

Even Ethereum’s founder says it is crypto’s ticking time bomb I know I’ll get a lot of heat for this article from Crypto and Bitcoin maximalists but hear me out: The crypto market is too reliant on Tether … Any issue with this stablecoin will lead to a liquidity shock…

Until late 2020, the most Beeple, a digital artist, had ever sold a print for was $100. He just netted $69.3 million at Christie’s auction. For those not familiar with the word NFT, this might come as a shock. How can someone sell a JPEG file for such a high…

Living rent-free, spending less than he earned and investing the rest were his key secrets — We have all heard about the Financial Independence, Retire Early (FIRE) movement which has become particularly popular amongst Milliennials in the past years. The strategy consists in 1) maximising one’s savings by increasing income and reducing expenses; 2) Using those savings to acquire assets, notably indexed funds. The objective here…

Unlike in 2017, the current Bitcoin bull run looks sustainable — Bitcoin has skyrocketed to $19,000 a coin after it dropped to $3,122 in late 2018. The cryptocurrency is now almost back to its all-time high value of $19,783 reached in December 2017. In the last two months alone, the cryptocurrency has added almost $10,000 in growth. Most market participants believe…