Score the Ultimate Deal on Your Dream Ride:13 Must-Ask Questions When Buying a Used Car

Hey there, savvy savers and budget masters! We know that hunting for a used car can feel like exploring a jungle full of hidden traps. But fear not! Your trusty financial ally, Wellthi, is here to steer you on the right track to the ride of your dreams!

Now, we get it. Used car prices have been climbing like a rockstar scaling the charts. But before you give up on your car dreams altogether and start strutting everywhere, hear us out. Good deals are still out there, waiting for you to discover them. You just need to be well-prepared, know where to look, and stick to your money game plan.

Rev up your engines as we embark on a thrilling road trip to find your perfect used car without breaking the bank. Buckle up and join us as we cruise through the essential questions to ask and how to make the best decision for your budget and lifestyle.

  1. What’s the Car Worth? ๐Ÿš˜๐Ÿ’ต

First things first! Know your car’s worth before making any moves. How? It’s super easy! Just check out trustworthy sites like Kelley Blue Book or Edmunds. Armed with this knowledge, you can confidently negotiate a sweet deal or move on to better options if the price is off the charts.

  1. How Old is the Car? ๐Ÿ“…

How old is the car, you ask? Age matters! Depreciation can play some serious tricks on car values. So, be a detective and find out the age before you dive into any deals. Remember, knowing how your desired make and model ages can give you the upper hand when bargaining.

  1. What’s the Car’s Mileage? ๐Ÿ“ˆ

Mileage tells a story! Keep an eye on the odometer to figure out the car’s adventures before you entered the scene. Some cars are champions with high mileage, while others… not so much. Know the miles to understand how much more the car can take on new journeys with you.

  1. Vehicle History Report: Yay or Nay? ๐Ÿ“‹

Don’t be shy to ask for a vehicle history report! It’s like getting a peek into the car’s past โ€“ accidents, recalls, service history, and previous owners. All that jazz can give you serious leverage while negotiating a price.

  1. Any Mechanical Problems? ๐Ÿ”ง

Sure, you could attempt to diagnose the car like a superhero, but leave it to the professionals. Ask the seller if you can have a mechanic perform an inspection. It’s a wise investment to avoid any post-purchase engine surprises.

  1. Check the Exterior: Looks Matter! ๐Ÿš—๐ŸŽจ

We know looks aren’t everything, but appearances can tell you a lot! Check the car’s exterior for any signs of wear and tear, from scratches to rust. A well-kept exterior reflects a car that’s been treated with TLC.

  1. Peek Inside: The Car’s Interior ๐Ÿš—๐Ÿ’บ

The inside counts too! Check for rips, tears, stains, and any funky smells. You’ll spend a lot of time together, after all!

  1. Test Drive Time! ๐Ÿš—๐Ÿ’จ

Time for the exhilarating test drive! Feel the thrill as you hit the road and put the car through its paces. Listen closely to any odd noises or unusual feelings. Your gut knows best!

  1. Car Warranty โ€“ Should You Care? โฐ๐Ÿ”ง

Not all heroes wear capes โ€“ but some used cars still have warranties! Score!The car’s warranty status is your shield of protection. Some used cars still enjoy the benefits of the manufacturer’s warranty, which can save you from unexpected repair costs.

  1. Consider Insurance Premiums! ๐Ÿ’ธ๐Ÿ’ผ

New wheels, new bills! Remember, different cars can mean different insurance rates. Get in touch with trusted insurance pros to score the best deal for your new ride!

Now, if you’re diving into the private seller pool, make sure to ask these extra questions:

  1. Why Are They Selling? ๐Ÿค”

Let them spill the tea! Knowing the reason behind the sale can reveal a lot about the car’s history.

  1. Got the Title in Hand? ๐Ÿท๏ธ๐Ÿ“

No title? No deal! Double-check that title and watch out for salvage or rebuilt titles โ€“ knowledge is power!

  1. How Long Have They Owned It? โŒ›๐Ÿ•’

A well-loved car is a keeper. But if it’s a short fling, think twice!

Let’s Talk Money: Say Goodbye to Car Loans! 

Now that you’ve aced the used car shopping tips, let’s tackle the elephant in the roomโ€”payment. Forget those car loans, because they’re no fun! Save up like a pro and buy your dream ride with cash. You’ll avoid interest and those monthly payments that feel like a ball and chain.

So there you have it, road warriors! Armed with these awesome tips, you’re ready to tackle the used car market and rev up your savings like never before. Now go out there and score the ride of your dreams! We’re cheering for you all the way.


Secure Your Financial Future: How to Build Generational Wealth and Achieve Your Dreams!

Hey there, money-savvy friends! Today, we’re diving into the exciting world of generational wealth โ€“ a topic that might sound intimidating, but fear not! We’ve got your back with a roadmap to help you pave the way towards financial success that lasts for generations. So buckle up and get ready to take charge of your financial future like a boss!

What’s Generational Wealth, Anyway?

Picture this: Generational wealth is like a treasure trove of assets that get passed down to your loved ones โ€“ investments, businesses, property, and more! It’s like leaving a legacy that keeps on giving to those you care about the most. How cool is that?

Why Generational Wealth Rocks!

Think about the freedom to live life on your terms โ€“ no more stressing about debt, no more being stuck in a job you detest, and no more worrying about rent. Generational wealth gives you the power to call the shots! The best part? You can learn how to manage and grow this wealth to keep it thriving for generations to come.

Building Blocks of Generational Wealth

Now that you know what it is and why it’s awesome, let’s talk about how to actually build generational wealth. The secret sauce lies in these simple but powerful steps:

Step 1: Invest in Your Children’s Financial Education

To ensure your wealth remains in the family, start by investing in your kids’ financial education. Studies show that 70% of intra-family wealth transfers fail due to a lack of communication with heirs. By teaching your kids about money from an early age, they’ll be better prepared to manage and grow the family’s wealth.

Step 2: Ride the Stock Market Wave

Want to know the main source of wealth creation in America? It’s the stock market, where nearly 70% of ultra-wealthy gains are made! Don’t worry if picking stocks feels like a hassle; low-cost index funds are a fantastic, passive approach to investing. They offer long-term growth, diversity, and are easy to manage. Your wealth will be in good hands!

Step 3: Real Estate: A Classic Wealth-Building Avenue

Investing in real estate is a time-tested way to build wealth. Did you know that 90% of millionaires achieved their riches through real estate investments? Rental income and property appreciation will keep your wealth growing while you sleep. You can easily get started with real estate crowdfunding platforms like Fundrise, which makes investing accessible to everyone.

Step 4: The Power of Entrepreneurship

Maximize your chances of creating generational wealth by building your own business. Family-owned businesses have a high success rate, so communicate your values and abilities to the next generation. Include your children in business conversations early on, and you’ll be setting them up for continued success.

Step 5: Life Insurance: Protect Your Legacy

While life insurance may not have the best reputation, it’s a critical part of your wealth plan. The death benefit ensures your family’s financial security in case of an untimely event. Term life insurance is simple, affordable, and offers peace of mind. Start early, and you’ll be securing your legacy for years to come.

Step 6: Diversify Your Income Streams

Imagine having not one, not two, but seven income streams! In fact, Do you know how many income streams the average millionaire has?

The answer is 7!

Building multiple streams of income is like a safety net for your financial future. You’ll be unstoppable! Diversify your income with dividends, rental income, side hustles, and more. Because hey, no one said you have to rely solely on your 9-to-5 job โ€“ embrace the power of diversification!

In today’s ever-changing world, it’s essential to create multiple streams of income. Diversification is key to safeguarding your financial future. Consider dividend income from stocks, rental income from real estate, side hustles, and more. Having multiple sources of income will keep you financially resilient.

Step 7: Pay Yourself First

Invest in your future by paying yourself first. Contribute to your IRA or 401(k), pay off high-interest debts, and build an emergency savings fund. Automating your investments will make wealth-building a breeze. Remember, it’s about setting yourself up for long-term success.

Step 8: Invest in Appreciating Assets

Follow in the footsteps of successful investors like Warren Buffett and Michael Jordan by investing in appreciating assets. These investments increase in value over time, ensuring your wealth grows steadily. From fine wine to blue-chip art, there are exciting options to explore.

Step 9: Say Goodbye to Bad Debt

Bid farewell to bad debt with high-interest rates, such as credit card debt, payday loans, and auto loans. It’s time to regain control of your finances and boost your financial independence. Budget wisely, trim unnecessary expenses, and focus on paying off your debts. Your future self will thank you!

Remember, building generational wealth is a journey that requires patience and dedication. But with our guide and your determination, you’re well on your way to securing a bright financial future for yourself and your loved ones. Let’s embark on this exciting adventure together, hand in hand with Wellthi, your trusted social savings app! Your dreams are within reach, and we’re here to make them a reality. Start your journey now, and let’s thrive together!


  1. Wellthi – When Should Kids Start Learning About Money?(Link:
  2. CNBC – Index funds and how they work: (Link:
  1. Investopedia – Real Estate Investing Guide: (Link:
  2. NerdWallet – Life Insurance Basics:
  3. Themillennialmoneywoman- 17 Best Appreciating Assets [Beat Inflation & Build Wealth
The party is not over yet

Why Budget Conscious Gen Z and Millennials Are Navigating Away from Wealthier Friends to Avoid Lifestyle Creep

Hey there, savvy savers! ๐ŸŒŸ Let’s talk about a common dilemma that many of us have faced: the challenge of balancing friendships and finances. If you’ve ever found yourself hesitating before stepping into that fancy new restaurant, fearing that your wallet might not be able to keep up, you’re not alone. A recent study by Intuit Credit Karma reveals that over a third of Gen Z and millennials have that one friend who seems to lead them into overspending. We get it; it’s tough out there when we’re all trying to make our hard-earned money stretch!

We understand that living paycheck to paycheck is no fun, and when your hard-earned money slips through your fingers, it’s easy to feel overwhelmed. That’s why Wellthi is all about empowering you to reach your financial goals and have fun doing itโ€”especially when it comes to those memorable moments with friends.

Here’s the deal: the spending struggle tends to hit millennials a bit harder, probably because we’re in that bustling season of life where major transitions like promotions, weddings, and growing families can add extra financial tension to our friendships. But don’t worry; we’ve got some strategies to help you stay on track while keeping your friendships intact.

First off, let’s shed some light on the fact that building wealth hasn’t exactly been a walk in the park for us millennials. Between student loans, two recessions, and soaring living costs, it’s no wonder many of us find ourselves taking on debt just to keep up with the basics. But here’s the thing: you don’t have to let financial pressure get in the way of your friendships.

So how can you handle spendy friends without losing your cool (or your savings)? Communication is key! Don’t be afraid to open up about your financial situation and goals. You might discover that your friends are feeling the same pressure, and together, you can support each other towards smarter spending choices.

And guess what? It’s totally okay to say “no” if a lavish outing doesn’t fit your budget. Real friends will understand and respect your financial boundaries. Remember, you’re not alone in feeling the urge to keep up with the Joneses. Social media can play a big role in making us feel like we need to match the glamorous lifestyles we see online, but don’t let it drag you down. Stay true to your financial goals, and you’ll be on the path to success.

Now, if you’re worried about that nagging judgment some friends might cast upon your income or debt, don’t sweat it! More than a quarter of millennials feel the same way. But guess what’s cooler than being judged? Being financially secure and on track towards your dreams!

We know it’s not just us young folks dealing with this spending dilemma. Many Americans, regardless of income, have fallen into the overspending trap. But fret not, because together, we can break free from those financial chains and live our best lives!

At Wellthi, we believe in the power of friendship. And that’s why we’ve built a unique app that allows you to achieve your financial dreams with your closest pals. Share savings goals, support each other, and celebrate your wins together โ€“ that’s what true friendship is all about! ๐Ÿค—

So, what’s the takeaway here? Be open about your finances, set realistic goals, and don’t let the spending habits of others drag you down. You’ve got this! With Wellthi by your side, you’ll be making money moves like a pro, and your future self will thank you for it.


  1. Intuit Credit Karma Study – Spending Habits and Friendship Dynamics Among Gen Z and Millennials 
  2. Federal Reserve Bank of Philadelphia Working Paper – The Effect of Lottery Prizes on Winners and their Neighbors: Evidence from the Dutch Postcode Lottery
  3. Federal Reserve Bank of Philadelphia – Bankrate Survey on Impulse Purchases after Scrolling Through Social Media 
Screenshot 2023-07-28 163703

The Fed’s Battle Against Inflation: What It Means for You, Your Money and Financial goals.

Hey there, savvy money-minded pals! Today, let’s dive into the latest financial buzz – the Federal Reserve’s interest rate moves – and how it could impact your financial goals. As your trusty companion in the world of personal finance, we’re here to keep you in the loop and empower you with the facts.

So, the Federal Reserve recently resumed its rate hikes after a short pause in June. They raised the fed funds target rate by a quarter point to a new range of 5.25% to 5.5%, the highest since early 2001. It’s their 11th rate increase since 2022, all in an effort to tame that pesky inflation dragon.

You might be wondering why the Fed is playing this game with interest rates. Well, here’s the deal: inflation has soared to 40-year highs in 2022, which is not cool for the economy. So, the Fed is raising rates to bring it back down to their sweet spot of 2% and currently, it’s hovering at 3.0%. The Fed Chair, Jerome Powell, mentioned that the process of taming inflation still has a way to go.

The good news is that inflation has been calming down in recent months, which makes investors think the Fed is close to reaching its goal.

But hold on! There might still be a chance of one more rate hike before the end of 2023, so we should keep our financial antennas up. However, it’s great to see that the Fed is winning the war on inflation without pushing the economy into a recession. It’s like achieving a “soft landing” for the economy, which isn’t easy.

Looking ahead, the economic outlook for the rest of 2023 might be a bit challenging. The Fed is projecting a GDP growth of just 1% this year and 1.1% in 2024. That’s not super thrilling, but it’s essential to keep an eye on the bigger picture.

Now for the big question – is the Fed done with rate hikes? Markets are giving it a 20% chance of raising rates again in September, but we’ve got some time for more data to come in before they make a decision. So, let’s stay tuned for the next meeting and see what happens.

Alright, let’s talk turkey โ€“ how do these rate hikes affect you and your hard-earned dollars? ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ

  1. Borrowing: It’s the Rate Game ๐Ÿฆ When the Fed raises its interest rates, borrowing costs go up too. So, whether it’s getting a car or a home loan or using your credit card, you might pay more. But don’t worry! Fixed-rate loans won’t be affected, so they remain stable, giving you some peace of mind.
  2. Loan Approvals๐Ÿ˜• Higher rates mean lenders get cautious about who they lend to. That might mean you’ll face tougher approval chances for loans or credit cards, especially if you have a lower credit score. But don’t fret, keep working on building your credit score, and you’ll improve your chances!
  3. Savings๐ŸŽ‰ On the bright side, higher Fed rates also mean higher interest rates on savings accounts and CDs. Online banks usually offer the best deals, so consider exploring those to earn more on your savings!
  4. The Stock Market ๐ŸŽข Rates influence the stock market too! Higher rates can cause market volatility, but remember, the long-term vision is key. Stay invested and take advantage of any opportunities that may arise.
  5. Your Purchasing Power ๐Ÿ’ช๐Ÿ’ธ The Fed fights inflation by managing rates. When inflation is high, your purchasing power might shrink. But no worries! The Fed’s got your back, aiming to keep inflation in check for a stable economy.
  6. The Job Market ๐Ÿ’ƒ The job market dances to the Fed’s tune too. Rates can affect job creation, unemployment, and even your wages. Stay tuned and keep your options open during economic ups and downs!

To sum it up, stay confident, my friends! With inflation slowly easing and the Fed’s vigilant efforts, we’re moving in the right direction.focus on building your emergency fund, improving your credit score, and smartly investing. You’re a financial rockstar, and with Wellthi by your side, you’ve got this! ๐Ÿค—๐Ÿ’ฐ


  1. Fed raises interest rates – CNN Business
  2. Inflation falls to 3.0% in June – NBC News
  3. Fed’s projections for 2023 economy – CNBC
  4. CME Group’s rate hike expectations – CME Group
  5. Big tech companies’ earnings reports – Yahoo Finance
Screenshot 2023-07-26 204638

Top 5 Highest-Earning Female Football Stars at the 2023 Women’s World Cup

Hey there, soccer enthusiasts! It’s game time, and the Women’s World Cup is taking center stage! But, amidst all the excitement, there’s one issue that’s been scoring some attention: the pay disparities between male and female players in the sport. ๐Ÿš€

You see, despite the amazing strides women’s soccer has made, many of our beloved athletes are still relying heavily on off-field sponsorships to boost their earnings. Let’s take a look at the top club team salaries for women’s soccer players at the 2023 Women’s World Cup, shall we?

Starting off with a true powerhouse, Sam Kerr, the 29-year-old Australian striker from Chelsea F.C., leads the pack as the highest-earning female soccer player. Woohoo! ๐ŸŒŸ

And wait for it, not only is she an exceptional athlete, but she’s also a Nike athlete and shares the cover of FIFA 23 with the incredible Kylian Mbappe. Talk about making waves on and off the field! The Australian Financial Review even reported that Sam Kerr raked in an impressive $3.3 million from endorsements in 2022. Mind-blowing, right?

Next up, we have the legendary Alex Morgan, one of the most renowned soccer players globally, playing for San Diego Wave F.C. She’s a force to be reckoned with on the field, helping the U.S. clinch the last two Women’s World Cups! ๐Ÿ† And her prowess extends beyond the game, as she’s earned around $5 million off the field with sponsorships from Nike, Beats, Coca-Cola, and AT&T. Talk about being a game-changer in every sense!

Who else is on our star-studded list? The ever-inspiring Megan Rapinoe, the USWNT midfielder who dominates the field at OL Reign in the NWSL. She’s not just making waves with her incredible skills but also off the field with a jaw-dropping $5 million earnings from sponsorships like Anheuser-Busch InBev, Google, Nike, and Verizon Communications.

And let’s not forget Julie Ertz, the talented USWNT player who calls Angel City F.C. her club soccer home. With her immense talent and a social media following of nearly 2 million, she’s shining bright with sponsorships from Visa and Frito Lay. You go, Julie! ๐ŸŒŸ

Now, let’s take a moment to appreciate the legendary Marta, a true icon in women’s football. Playing her club games at Orlando Pride, this Brazilian forward is her country’s all-time leading goalscorer with an astounding 115 goals! With close to 3 million followers on Instagram, Marta is ruling both the pitch and social media while representing sponsors like Frito Lay and Panini.

Sure, these salaries are impressive, but we believe it’s time for a level playing field! The top male players are scoring some serious moolah with Cristiano Ronaldo earning around $213 million, Kylian Mbappe netting $110 million, and Karim Benzema collecting a cool $214 million on his contract. Now, that’s some serious green!

But wait, there’s hope on the horizon! The FIFA 2023 Women’s World Cup has set aside a whopping $150 million in prize money, a staggering 300% increase from the last tournament in 2019. ๐Ÿ’ธ While this is a significant step forward, we know there’s room for more growth, especially when compared to the jaw-dropping $440 million awarded at the 2022 men’s tournament in Qatar.

But fear not, change is coming! FIFA has set a goal to achieve pay parity between men’s and women’s tournaments by 2027. We’re thrilled to see progress on the horizon, and we believe that with continued support and solidarity, the future of women’s soccer will be brighter than ever before!

Join us at Wellthi, your go-to social savings app, as we continue to empower and support each other on our journey toward financial success. Stay confident, stay unstoppable, and let’s kick those financial goals like the true champions we are! ๐Ÿ’ชโœจ


  1. Statista – Top Women’s Soccer Salaries
  2. Forbes – Alex Morgan’s Off-Field Earnings
  3. Forbes – Megan Rapinoe’s Off-Field Earnings
  4. FIFA – Prize Money Increase for 2023 Women’s World Cup
  5. FIFA – Objective for Pay Parity by 2027
Screenshot 2023-07-26 160659

Ready or Not, The Student Loan Payment Pause is Coming to an End: 7 Must-Do’s to Secure Your Financial Well-being

๐ŸŒŸ Hey there, money-savvy friends! ๐ŸŒŸ It’s time to talk about something important: those pesky federal student loans that have been on hold since the COVID-19 pandemic started. Brace yourselves, because starting September 1, we’ll have to resume making payments on them. ๐Ÿ˜“

During the payment pause, we enjoyed the sweet 0% interest rate, but now we’re going back to the current fixed rates. Some experts have noticed that some borrowers might not be fully prepared for the repayment phase, especially those banking on loan forgiveness. No worries, we’ll handle this together! ๐Ÿ˜ฌ

So, let’s start with some simple steps to make this transition smoother than ever, shall we?

1๏ธโƒฃ Find Your Loan Servicer: During the pause, some loan servicers merged, and your loan might be managed by a new one. Check your emails and login to the Federal Student Aid website to confirm your current servicer’s details.

2๏ธโƒฃ Budget Like a Pro: A budget is your best buddy when it comes to financial planning. Assess your income sources, fixed expenses like rent and car payments, and variable costs like groceries and entertainment. Then, identify those extra expenses you can trim down a bit. Your future self will thank you! ๐Ÿ’โ€โ™€๏ธ

3๏ธโƒฃ Explore Forgiveness Programs: Sure, we’ve heard about the recent Supreme Court decision striking down the Biden Administration’s plan for loan forgiveness up to $20,000. However, you may still qualify for a new federal student loan relief program that was just announced July 14, known as the IDR waiver, or IDR Account Adjustment. If you’ve been repaying your loan for 20 or more years, you may qualify. Notices went out to about 800,000 recipients but more are on the way so keep an eye on your mailbox!

Although the one-time forgiveness plan is off the table, don’t lose hope if youโ€™re a more recent borrower. If you work in qualifying government or nonprofit organizations, you might still be eligible for loan forgiveness through other programs like Public Service Loan Forgiveness (PSLF). Check it out! 

4๏ธโƒฃ Explore Income-Driven Repayment: Low income? No problem! Income-driven repayment plans got your back. With payments as low as 10-20% of your discretionary income, you can keep slaying your goals while keeping your budget happy. But hey, keep an eye on the long game, as it might take longer to clear that debt. No stress, though โ€“ we’re here to cheer you on! ๐Ÿ™Œ๐ŸŒŸ

5๏ธโƒฃ No Pay, No Worries: Missed some payments? To ease the transition, the Education Department is introducing a one-year “on-ramp” period starting October 1, 2023 to Sept. 30, 2024. This means missed or late payments won’t lead to negative credit reporting or default. ๐ŸŽ‰ So no stressing about a slip-up here and there

6๏ธโƒฃ Keep an Eye on New Plans: The government has introduced the Saving on a Valuable Education (SAVE) plan, which can provide significant savings for some borrowers.  For peeps making $32,800 or less (or $67,500 for a family of four), monthly payments are slashed to $0! ๐ŸŽ‰๐Ÿ’ธ You heard that right โ€“ ZERO! And even if you earn more, you can still SAVE big on your payments. 

7๏ธโƒฃ Boost Your Income: If you’re worried about making ends meet, consider finding extra income streams. A side gig or part-time job can help you stay afloat while tackling those loan payments.

Remember, Wellthi is your ultimate partner in this financial adventure! We’ve got the resources, tools, and support you need to thrive. Together, we’ll crush those loans, save for the future, and celebrate every milestone.๐ŸŽ‰ Your financial success is our joy, and we believe in you, fabulous friend!๐Ÿ’• Let’s unleash the #FinancialWarrior in you!๐ŸŒŸ

Stay inspired, stay savvy, and stay tuned for more amazing tips and tricks from Wellthi โ€“ your bestie for all things financial! ๐Ÿค—โœจ


  1. Federal Student Aid Website: Stay up-to-date with all things related to your federal student loans by visiting the Federal Student Aid website. You can find your loan servicer, access important documents, and get the latest updates on repayment options. ๐ŸŽ“๐Ÿ‘‰
  2. Public Service Loan Forgiveness (PSLF) Help Tool: If you’re looking into PSLF, use the PSLF Help Tool to see if your employer qualifies and get a head start on that loan forgiveness journey! ๐ŸŒŸ๐Ÿ‘ฉโ€๐Ÿซ Find it at
  3. SAVE Repayment Plan Info: Want to know more about the exciting Saving on a Valuable Education (SAVE) Plan? Get all the deets and eligibility info on the Federal Student Aid website. It’s time to save big on those payments!
  4. IDR Waiver Account Adjustment: How to Qualify and Get Your Loans Forgiven Faster.
Screenshot 2023-07-25 170222

Get Ready for the Fed’s Next Moves: What to Expect and How It Affects Your Savings and Finances

Hey there, savvy savers! The latest Federal Open Market Committee (FOMC) meeting is happening this week, and you know what that means – weโ€™ll soon find out if there will be another interest rate hike, or another pause. Buckle up, because we’ve got you covered with a quick preview of what to expect!

The much-anticipated two-day meeting kicked off on Tuesday, with the statement release scheduled for Wednesday, July 26th, at 2:00 pm EDT. And guess what? We’ll also get to hear from Fed Chair Powell during his post-meeting press conference. Exciting times, right?

Now, you might be wondering about those potential rate hikes. Well, after taking a pause in June, it’s looking highly likely that we’ll see a 25-bp (basis point) rate hike this July. The odds are incredibly high at 99.8% (thanks, CME FedWatch Tool!). But what about after July? Things might cool down as expectations grow that inflation will continue to ease. That could mean an end to rate hikes after this month, with odds as low as 28.0% for a higher rate on November 1st.

Curious about how this might impact your savings and investments? We’ve got you covered there too! With the yields of short-dated Treasuries experiencing gains, and longer-dated Treasury yields generally showing slight declines, we might expect to see more downward drift of those long-dated Treasury yields. That could mean some pressure on online banks to raise their savings account and short-term CD rates. And hey, with a little nudge from us, they might just do it!

Hold on, let’s talk numbers! If that 25-bp rate hike happens next week, the target federal funds rate (TFFR) would rise to 5.25%-5.50%, surpassing the peak of the 2004-2006 rate-hiking cycle. But don’t fret – while that may be bad news for borrowers thereโ€™s a silver lining for savers. Many smaller online banks are now offering savings account rates of 5% and above, so that’s some sweet encouragement for the major online banks to follow suit!

High yield savings are great but can move quickly, so what about taking a longer bet by buying CDs? Weโ€™ll be honest, we’re feeling a bit more cautious there. While we’ve seen some upward drift in rates recently, the general trend has been more downward. But remember, this is a dynamic financial world we’re in, and anything can happen. So, keep an eye on the trends, and if you spot a great deal, go for it! You never know when the rates might take a turn in your favor.

As we know, past rate hike cycles have often leaned towards short-term CDs and online savings accounts due to the dreaded inverted yield curve. But here’s the insider tip – locking into a long-term CD might prove handy when the Fed’s rate hiking cycle is winding down. Patience can pay off!

So, my dear friends, as we gear up for the Fed’s next moves, let’s stay informed and make smart choices together! Remember, we’ve got each other’s backs, and with a little help from Wellthi, we’ll keep moving towards those financial goals with confidence!

Stay tuned for more updates and happy saving, goal-crushers! ๐Ÿš€๐Ÿ’ฐ


  1. CME FedWatch Tool:
  2. Treasury Yield Data:
  3. Online Bank Rates Comparison:
  4. 5-year Online CD Index Chart:


Economic Cycles: Preparing for Rainy Days and Harnessing the Sunny Ones

Hey there, money-savvy friends! Today, let’s dive into the fascinating world of the economic cycle and how it can shape our financial journeys. The economic cycle, also known as the business cycle, is like a dance between growth and contraction in the economy. It affects everything from jobs and investments to the prices of goods and services. So, buckle up and get ready to ride this cycle with confidence, guided by your trusty friend, Wellthi!

Stage 1: Expansion – The Exciting Growth Spurt ๐ŸŒฑ

During this stage, the economy experiences a thrilling phase of rapid growth. Interest rates are low, businesses are booming, and job opportunities are aplenty. Picture yourself riding a wave of positivity and progress. Ah, it feels good, doesn’t it? Well, during expansion, the indicators of economic growth, like employment rates, wages, and corporate profits, are on the rise. Money is flowing, and life is good. Just watch out for inflation, which can sneak up during this phase.

Stage 2: Peak – The Zenith of Success โœจ

Now we’ve reached the peak, where growth hits its highest point. It’s like reaching the summit of a mountain, taking a deep breath, and enjoying the view. At this stage, the economy stabilizes for a moment before taking a downward turn. Peaks can create imbalances that need correcting, so businesses start reconsidering their budgets and spending habits. It’s like hitting pause to catch our breath before the next adventure begins.

Stage 3: Contraction – Facing Challenges and Bouncing Back ๐Ÿ“‰

As growth slows down, we enter the contraction stage. Jobs might be harder to find, and prices may stagnate. Demand decreases, and businesses struggle to adjust their production levels, resulting in oversaturated markets. This oversupply can lead to falling prices. If the contraction continues, it can even slide into a recession or, heaven forbid, a depression. But remember, tough times don’t last forever. They’re just a pit stop on the road to recovery.

Stage 4: Trough – Rising from the Ashes ๐Ÿš€

Welcome to the trough, the lowest point in the cycle. It’s like hitting rock bottom before bouncing back with renewed strength. During this stage, the economy bottoms out, and both supply and demand hit their lowest point. It might not feel great, but here’s the silver lining: the trough is an opportunity for individuals and businesses to regroup and prepare for the upcoming recovery. It’s a time to reassess our financial strategies and make the necessary adjustments.

Making Sense of the Economic Cycle

How do we measure all these waves and twists? Well, we’ve got some trusty metrics to help us out. The National Bureau of Economic Research (NBER) is our go-to source for marking the official dates of economic cycles in the U.S. They keep an eye on factors like GDP, employment rates, and consumer spending to determine where we are in the cycle. With their expertise, we can plan our financial moves like seasoned pros.

But here’s the catch, my friends: economic cycles aren’t like clockwork. There’s no fixed timetable for these waves. They can last anywhere from a few years to over a decade. It’s a wild ride that keeps us on our toes! The key is to stay informed, adapt, and make strategic moves based on the ever-changing economic landscape.

Riding the Economic Waves like a Pro

So, how can you ride these waves and make the most of each stage? Well, your financial guru, Wellthi, has some insights to share:

  1. Expand during Expansion: When the economy is booming, seize those opportunities! Look for promising investments, especially in the technology, capital goods, and energy sectors. Ride the wave of growth and position yourself for success.
  2. Prepare for the Peak: As the peak approaches, it’s time to be cautious. Keep an eye out for any imbalances in the economy and adjust your financial sails accordingly. Don’t be caught off guard when the tide turns.
  3. Navigate the Contraction: When the economy slows down, it’s time to batten down the hatches and weather the storm. Look for stable investments like utilities, consumer staples, and healthcare. They tend to hold up well during tough times.
  4. Rise from the Trough: As we hit rock bottom, take this opportunity to rebuild your financial fortress. Revamp your strategy, reassess your finances, and be ready for the next exciting ride of growth.

Unveiling the Secrets of the Economic Cycle

There are different theories out there trying to explain the driving forces behind the economic cycle. Monetarists link it to the credit cycle, where changes in interest rates impact consumer spending and economic activity. On the other hand, Keynesians suggest that changes in aggregate demand, driven by investment demand, are responsible for the ups and downs we experience. It’s a fascinating debate, and the truth probably lies somewhere in between.

To sum it all up, the economic cycle is like a rhythmic dance that our economy performs. It moves through stages of expansion, peak, contraction, and trough. Each stage brings its unique opportunities and challenges. By understanding these stages and the indicators that drive them, we can make informed financial decisions to support our goals.

Remember, the economic cycle doesn’t have to be intimidating. Embrace the adventure, make informed decisions, and ride those waves of prosperity like a boss. You’ve got this! Together, let’s reach new financial heights and make your money dreams a reality. Wellthi has your back every step of the way.

Stay tuned for more exciting financial tips and tricks from your go-to personal finance pal, Wellthi. Happy riding!


  1. The Balance – What Is the Business Cycle?: Link: 
  2. Federation Of American Scientists- Introduction to U.S. Economy: The Business Cycle and Growth.
  3. The White House: How Do Economists Determine Whether the Economy Is in a Recession?
  4. Corporate Finance Institute.Economic Cycle. The fluctuating state of an economy from periods of economic expansion and contraction.

Why Real Estate Investing Is Your Ticket to Financial Security

Hey there, savvy savers! Looking to level up your wealth game and secure a bright financial future? Well, guess what? Real estate investing might just be the answer you’ve been searching for! ๐Ÿก๐Ÿ’ฐ

Imagine this: generating passive income while sipping on your favorite latte. Sounds dreamy, right? Real estate investing isn’t just about buying and selling propertiesโ€”it’s about building a badass portfolio that generates cash flow and sets you up for years of financial bliss. Let’s dive in and explore why real estate is the go-to secret weapon for building long-term wealth!

First things first, let’s talk about the sweet perks of real estate investing. One major advantage is the magic of passive income. Imagine owning a rental property that consistently pours money into your bank account. Ka-ching! With that steady stream of rental income, you can effortlessly pay off your mortgage and cover those pesky expenses. It’s like having a money-making machine in your back pocket! ๐ŸŽ‰

But wait, there’s more! Real estate investing is your secret weapon against pesky inflation. As rental prices rise with the tide of inflation, your cash flow keeps flowing! It’s like surfing on a wave of financial security. ๐ŸŒŠ๐Ÿ’ธ

Oh, and did we mention the fantastic tax advantages? Picture this: using the power of depreciation to offset your rental income for tax purposes. You heard that right, my friend! Real estate investors can benefit from awesome deductions like mortgage interest, property taxes, and even those repairs and maintenance expenses. The IRS might just send you a thank-you card this year! ๐Ÿ“ฌ๐Ÿ’ก

Now, let’s talk about the cherry on topโ€”appreciation! Investing in real estate means tapping into the potential for serious moolah. When you snag a property at a reasonable price, you’re setting yourself up for a potential profit later down the line. Historically, real estate values have skyrocketed, showering investors with impressive returns. Cha-ching! ๐Ÿค‘๐Ÿ’ฅ

Of course, we want to keep it real with you. Real estate investing does come with its fair share of risks. Market fluctuations, unexpected expenses, and tenant issues can rain on your parade. But don’t fret! We’ve got your back. Before diving into any investment, do your homework, crunch those numbers, and make sure it’s the right move for you. Knowledge is power, my friend! ๐Ÿ’ช๐Ÿ’ก

Now, if you’re new to this captivating world of real estate, fear not! There are several paths to success. Consider snagging a rental property and bask in the joy of that rental income. If owning property isn’t your thing, you can still ride the real estate wave by investing in a real estate investment trust (REIT) or a real estate mutual fund. It’s like having a personal money manager working for you while you sip piรฑa coladas by the beach! ๐Ÿน๐Ÿ–๏ธ

Here’s the deal: successful real estate investing calls for a killer plan. Picture this as your roadmap to financial glory. Understand your investment goals, gauge your risk tolerance, and craft a long-term strategy that lights your soul on fire. Rome wasn’t built in a day, and neither will your real estate empire. So buckle up, get excited, and let’s conquer the world of wealth together! ๐Ÿ’ฅ๐Ÿ’ฐ

In a nutshell, real estate investing is your golden ticket to building an empire of wealth and achieving those jaw-dropping financial goals. From potential appreciation to the beauty of passive income and those sweet tax advantages, the real estate realm offers endless possibilities. Whether you’re a seasoned pro or just dipping your toes in the water, the world of real estate investing is waiting for you. So go ahead, take the leap, and let Wellthi be your trusty sidekick on this incredible journey! Together, we’ll make those financial dreams a reality. ๐ŸŒŸ๐Ÿ’ธ


  1. Forbes: “Things To Keep In Mind When Looking Into Real Estate” –
  2. Investopedia: “Passive Income” –
  3. Feedbackwrench: 9 Pros & 6 Cons of Rental Real Estate Investment:” –
  4. The Motley Fool: “Real Estate Investing for Beginners: How to Get Started” –
  5. Internal Revenue Service (IRS): “Rental Income and Expenses” –

Starting Your Wealth-Building Journey on a Limited Budget

Hey there, financial superstars! We know that building wealth may feel like a distant dream when your bank account is as empty as a concert venue before the show. But fear not, because we’ve got your back. No matter where you stand financially, we believe that small steps can pave the way to a solid economic future. So let’s dive into some of our favorite ways to grow your wealth, even when your funds are limited!

  1. Get Money-Smart

Knowledge is power, and when it comes to money, education is your secret weapon. Thanks to the magic of libraries and the internet, you can access a wealth of information about investing, saving, and budgeting. Start by mastering the basics of tracking your expenses and creating a budget. Then expand your horizons with more advanced topics like investing. The more you know, the more confident and stress-free you’ll become on your financial journey.

  1. Grab that 401(k) Match

If your employer offers a 401(k) match, it’s like hitting the financial jackpot. Seriously! Contribute a percentage of your salary to your retirement account, and your employer will match it with free money. It’s a win-win situation that can boost your savings without breaking a sweat.

  1. Invest in Yourself

Your career is a gold mine waiting to be tapped. Invest in your skills and knowledge by pursuing additional certifications, degrees, or training. While it may not pay off immediately, your increased earning potential in the long run will make it worth every penny.

  1. Let Automation Work Its Magic

Saving money can be as easy as setting up an automatic savings plan. Arrange with your bank or employer to have a fixed amount transferred to your savings or retirement account with each paycheck. You’ll be amazed at how quickly your wealth grows when you remove the temptation to spend.

  1. Say Hello to High-Yield Savings

Level up your savings game by opening a high-yield savings account. These accounts offer better interest rates than ever before, allowing your money to grow faster. While online banks often have the best rates, don’t forget to explore local options too.

  1. Break Free from High-Interest Debts

We get itโ€”paying off debts may not be the most exciting thing on your financial journey, but it’s a game-changer. High-interest debts can hold you back from saving and investing, so make it a priority to crush them. Once you’re debt-free, redirect those former payments into your savings or investments.

  1. Budget Like a Boss

Creating and sticking to a budget is essential. It’s like having a financial GPS guiding you toward your goals. Track your expenses diligently, making sure they align with your budget. The more you can widen the gap between your income and spending, the more money you’ll have to save and invest. Apps like Mint or YNAB can make budgeting a breeze.

  1. Be Prepared with an Emergency Fund

Life can throw curveballs when you least expect it. Having an emergency fund can be a lifesaver during job losses, unexpected medical bills, or accidents. Experts recommend saving 3-6 months’ worth of expenses for rainy days.

  1. Goal-Getter with S.M.A.R.T. Goals

Dream big, but make your goals S.M.A.R.T.โ€”specific, measurable, achievable, relevant, and time-bound. Attach a dollar amount to your goals, set a deadline, and track your progress. You’ve got this!

  1. Time to Ask for That Raise

If it feels like ages since your last raise, it’s time to muster the courage and ask for one. Prepare for the conversation by highlighting your accomplishments and researching industry standards. Remember, the worst they can say is no, but you won’t know until you try!

  1. Embrace the Side Hustle

When your 9-to-5 job isn’t cutting it, it’s time to explore other income streams. Whether it’s starting a small business or taking on gig economy opportunities like DoorDash or Uber, a side hustle can bring both financial and personal rewards.

  1. Reach New Heights with a Brokerage Account

Once you’ve built your emergency fund and retirement savings, consider opening a brokerage account. With access to stocks and bonds, you can take your wealth-building journey to the next level. Charles Schwab and Fidelity are popular options that let you start with as little as $0.

  1. Reinvest and Multiply

In your retirement account or brokerage account, choose to reinvest your dividends. These periodic payments from stocks can be used to purchase more shares, significantly boosting your portfolio’s growth over time.

  1. Opt for Low-Fee Index Funds and ETFs

Diversify your investment portfolio while keeping fees at bay by investing in low-fee index funds and ETFs. These investment options track major indexes like the S&P 500, giving you broad market exposure without eating up your earnings.

  1. Insurance: Your Financial Shield

Insurance may not be the most thrilling topic, but it’s crucial for safeguarding your hard-earned assets. Protect yourself against unforeseen events by ensuring you have adequate coverage for your home, car, and other valuable possessions.

  1. Play the Tax Game Wisely

Don’t let taxes take a bigger bite than necessary. Optimize your tax situation by adjusting your exemptions and making use of deductions available through retirement accounts and health savings plans. Put more money toward building wealth instead of Uncle Sam’s pockets.

  1. Let Go of Limiting Beliefs

You’re capable of incredible financial growth, but limiting beliefs can hold you back. Challenge and reframe negative thoughts about money, success, and wealth. Embrace positive mantras and cultivate a mindset of abundance.

Remember, Rome wasn’t built in a day, and your wealth won’t magically appear overnight. Embrace the journey and celebrate each small step forward. Whether it’s opening a savings account or starting a side hustle, progress is progress. You’ve got this, and we’re here cheering you on. Keep up the fantastic work, and watch as your financial stress melts away.


Principles of Building Wealth – Investopedia

Mastering Your Money: A Beginnerโ€™s Guide to Budgeting – Medium

Personal Finance 101: The complete guide to managing your money – CNBC