The 7 simple steps of financial planning for parenthood
If you want to become a parent, you need to read this
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Tweet of the Week
Weekly Market Update 🗒️💡
Indexes
The S&P fell 1.3% this past week and the Nasdaq saw a loss of 1.9%. The Dow also shed 0.8% to cap off a losing week for the 3 indexes.
What is going on with Apple?
Apple fell by almost 3% on Thursday following news that China plans to ban the use of iPhones for government-backed agencies and companies.
The fall in price comes as a result of investors losing confidence in Apple to do business in the world’s 2nd largest economy.
This past week, Apple lost about $200 billion in just 2 days and is currently the worst performer in the Dow Jones.
Why are people freaking out?
China is the largest foreign market for Apple products and the country represents a fifth of the companies total revenue brought in last year.
The company doesn’t disclose sales by country but it’s estimated that there were more iPhone sales in China than in the US last quarter.
Apple also produces the majority of its iPhones in Chinese factories.
JP Morgan thinks the sell-off is overdone.
Erik Woodring says that the news evolving into something bigger is very unlikely.
“The worst case scenario is a 4% revenue and 3% EPS downside” he says.
Sometimes news is just… news.
I’m still holding this beast of a company
Position: Long AAPL 0.00%↑
Becoming Financially Responsible is Your Duty as a Parent
You're about to embark on one of life's greatest adventures…
Parenthood!
It's a thrilling journey filled with adorable baby giggles, sleepless nights, and unforgettable moments.
But…
Along with those sweet moments, come some serious responsibilities.
Especially on the financial front.
The majority of people don’t start thinking about the financial aspect of parenthood until the first baby is on the way.
By then, it’s too late.
That’s why I’m going to spill the beans on how to invest, budget, and save for your growing family.
So when you have dependents, you can depend on yourself to be financially stable enough to take care of them.
And you won’t have to worry about a single thing.
From building an emergency fund to baby-proofing your finances, here are 7 steps to make sure you're ready for the ride of a lifetime: