OFHLONLINE Weekly Oct 4

What Does It Mean to be Financially Independent Today?

In the new era of the gig economy, A.I, everythong on demand, and video therapist, it probably seems like more people are closer to the goal than ever before, contrary to this belief, even though more peoples quality of lives have improved compared to our counterparts 100 years ago, many of us still seem to be slaves to our possessions. “He who possesses is owned by those possessions.” The ole adage rings so true today, as even though everything is that much more convenient and requires less physical demand than in the past, we put in 10 to 12 hour days to simply stay aflot. This is absolutely not Financial Independence, especially what our community here at OFHLONLINE is cultivating. Financial Independence for us today, means having secured our Magic numbers, or close to it, aware of our networth, and our credit scores at all times, while not actually concerning ourselves with either. For more infor on the Financially Independent Mindset Read More..

The Markets

As the week comes to a close the volatility of the stock markets continue:

S&P 500 Close:

NYSE Close:

NASDAQ Close:

Labor Market

You may or may not know as there has been little to no media coverage over it, but the Longshore Union from Texas to Washington State, have went on strike. The labor dispute stems from the union’s concerns over technology replacing human workers and demands for higher pay. USMX said Monday its latest offer would increase wages by nearly 50 percent — but that wasn’t enough for the union, which has released numbers suggesting it wants close to 60 percent raises. The last time the longshore workers took to the picket line at East and Gulf Coast ports was in 1977. USMX says the now-expired contract covered about 25,000 employees. The country’s largest name-brand retailers like Costco and Walmart are managing to accelerate shipments or reroute to West Coast ports, and consumers likely won’t see a major dearth of basic items if the strike resolves within days or even a few weeks. But if the strike persists for more than a month, consumers could face shortages and price hikes for a wide range of goods. Smaller retailers and certain sectors won’t be so lucky. This will surely impact goods, being imported and transported around the country. Just an FYI, you may want to stock up now, as there is no telling how long this will last.

Real Estate Market