The Fed, politicians, and news networks use terms for these banking failures that most Joes and Josephines aren't too familiar with.  Mallory and Ricky decide to dig into these terms to help identify what is going on, and why it is happening.

Resources:
https://www.investopedia.com/terms/c/creditdefaultswap.asp
https://www.investopedia.com/terms/s/shadow-banking-system.asp
https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporationhttps://www.legaldive.com/news/svb-cro-Laura-Izurieta-chief-risk-officer-collapse-silicon-valley-bank-kim-olson/644830/
https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp
https://youtu.be/a1lVOO9Y080
https://www.youtube.com/live/1VqIWWcmPSk?feature=share

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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers.  We are not financial professionals through formal education.  We are financially competent and conscious managing our family’s money.  The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice.  We cannot promise that the information shared on the podcast is appropriate for you or anyone else.  When we share a link to products and services, those links may be affiliate links.  If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission.  This commission is paid by the retailers, at no cost to you.

Mallory and Ricky discuss the events of the Silicon Valley Bank issue, and how this may effect the market, the economy, and ultimately your financial future.

Resources:
https://www.federalreserve.gov/releases/cp/rates.htm
https://www.cnn.com/2020/03/15/economy/federal-reserve/index.html
https://www.wsj.com/articles/silicon-valley-bank-collapse-ceo-management-cb75f147

Discord: https://discord.gg/J8PBSBKuKA
Check out our self made Merch: https://doomsday-dollar.creator-spring.com/listing/doomsday-merch
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers.  We are not financial professionals through formal education.  We are financially competent and conscious managing our family’s money.  The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice.  We cannot promise that the information shared on the podcast is appropriate for you or anyone else.  When we share a link to products and services, those links may be affiliate links.  If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission.  This commission is paid by the retailers, at no cost to you.

Mallory and Ricky talk about how FIRE Investing works, the different types of FIRE you can follow, and how to be realistic with the expectations of this movement.  But before you can live a FIRE lifestyle, you need to value your time and you dollar by doing everything you can to get out of debt.  Do not forget to leave a 5 star rating, and subscribe.

Resources:
https://www.nerdwallet.com/article/investing/financial-independence-retire-early
https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
https://www.satista.com

Discord: https://discord.gg/J8PBSBKuKA
Check out our self made Merch: https://doomsday-dollar.creator-spring.com/listing/doomsday-merch
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers.  We are not financial professionals through formal education.  We are financially competent and conscious managing our family’s money.  The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice.  We cannot promise that the information shared on the podcast is appropriate for you or anyone else.  When we share a link to products and services, those links may be affiliate links.  If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission.  This commission is paid by the retailers, at no cost to you.