The Day After

Many Americans are waking up this morning disappointed, surprised, elated and shocked. Pundits are prognosticating about what the next four years will bring and social media feeds are filled with election commentary and lamentations. The financial markets are also uneasy, just as they were when the Brexit vote occurred in May. What are we supposed to do?

Start by focusing on the things that you can control. You may feel downtrodden after the election result, but that doesn’t change your financial goals. In 48 months, we all will be older and hopefully nearer to achieving financial freedom. Your children or grandchildren will be that much closer to going to college. Developing a sound financial plan, reducing debt, living within an established budget and investing wisely are key components of financial independence. It’s imperative that you begin with the end in mind. If you haven’t thought about what to do, find an independent financial firm that can help you get organized and take the first steps.

Our republic has lasted for 240 years. We have elected both good leaders and poor executives. The country will live on today and hopefully for another 24 decades. As individuals, we aren’t that lucky. With limited time on the earth, it’s important to make sound choices on the things we can control. Rather than gloating or sulking about the election result, use this time to begin planning and dreaming for what your life will look like in 2020.

The Economic Reality of America (facts vs. political hyperbole)

Republicans and Democrats have both held conventions, presented their candidates and painted their picture of America today. The next 100 days is certain to be a wild and crazy ride. If one candidate builds a polling lead the other side will hit back hard and ugly. Truth is the first casualty of war and it will be so of this election cycle. Facts don't lie but most politicians do. To remedy this, we have assembled some facts to help you understand where our economy stands. Maybe this will help you choose a candidate that can address these problems.

Since George W. Bush's time in office household income has been stuck in a downward spiral. The financial rewards of Quantitative Easing By he Federal Reserve during Obama's time in Washington enriched upper class asset holders but never made it down to the middle class:

During Obama's two terms in office housing costs have skyrocketed, The median home price in America this year is over $300,000:

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