[Post 192] When Will Inflation Finally End?

Summary

When will soaring inflation finally come to an end? Economists weigh what's ahead and provide their valuable insights into what's in store for 2023.

It's the question on the minds of market watchers, economists and consumers alike: When will sky-high prices fall back down to Earth? There are hints that the worst of the U.S.'s bout with inflation may be in the past. Still, some experts are concerned that the historic pace of interest rate hikes from the Fed, aimed at cooling down the hot economy, could spur a recession once the dust settles.

"It's probably going to be lower next year. How much lower is it? We're not quite sure. Inflation can be very hard to predict," Kevin Kliesen, business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC in an interview.

Watch the video above to find out when experts think high inflation could finally come to an end, and whether the U.S. will need to enter a recession to get there.

[Post 191] How We Retired Early With $540K At 40 In Colorado | CNBC Make it

Summary

In 2012, Debbie Emick received a series of troubling diagnoses, forcing her to retire from teaching two years later. She and her husband, Chris, then set out on a path of achieving FIRE — financial independence, retire early. An initial investment of $60,000 grew and they bought 17 rental properties from 2016 to 2019. That income stream allowed Chris to retire from his IT job in November 2019 after they accumulated $540,000 in savings and retirement accounts and $1.1 million in real estate.

[Post 190] I Bring In $144K A Year Driving Trucks | On The Job

Summary

Clarissa Rankin, 36, brings in $144,000 a year as a professional truck driver hauling an array of goods from diapers to TVs to canned goods across the East Coast. She owns her trucking business, JC Rankins Transport, and also makes money documenting her trucker life on social media, where was able to make an additional $36,000 in 2021.

[Post 189] How I Went From Prison To Making $150K In Orlando | Millennial Money

Summary

After being incarcerated and charged with a felony at the age of 16 for nearly two years, Marquis Mckenzie Sr. was hopeless about his future career prospects. The 32-year-old now brings in about $150,000 a year as a business owner and community organizer in Orlando, Florida

[Post 188] I Dropped Out Of College To Grow My Side Hustle - Now It Brings In $327,000 | CNBC

Summary

Justis Pitt-Goodson, 26, is a proud entrepreneur who got his start making clothing in eighth grade. A tutor gave him a sewing machine, and he began creating bow ties for himself and his friends. He attended Rutgers University in New Jersey for two years before dropping out to focus on fashion. With the help of high school classmates, Kwaku Agyemang and Taha Shimou, Justis officially launched BrownMill Company in Newark in 2016, and five years later it was bringing in about $327,000 in sales.

[Post 187] How I Saved $380K By Age 29 To Retire Early | Fired Up

Summary

Super-saver Tanner Firl, 29, has saved close to $380,000 for retirement. He is part of the FIRE — financial independence, retire early — movement and has achieved his savings almost entirely through frugality. He estimates he is in the top 0.1% of most frugal people.

[Post 186] Bringing In $267K A Year With My Art Side Hustle | CNBC Make It

Summary 

Domonique Brown is a marketing manager by day, and an artist by night. She founded her company DomoINK in 2020 and has collaborated with brands such as Target, Disney and Bath and Body Works. Her side hustle brings in up to $267,000 each year and her day job $87,000 + bonus. She sells her art on everything from socks to laptop cases to sneakers.