Certified Financial Education Instructor, Macro Enthusiast
Knoxville, TN
Joined June 2015
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Financial Excellence:
“Being financially excellent means making financial decisions in alignment with your values. It’s not about how much money but the quality of the decisions you make with the money that’s already in your life.” - Keith Kail
Keith Kail retweeted
Hilarious.
The largest household expense facing working families is tax.
As spending, debt and deficits rise, the tax bite invariably increases.
Only the innumerate misplace blame
68% of young Americans view the power of large corporations as a serious threat to their long-term financial security.
62% say the same about the wealth and power of billionaires.
And this concern isn't limited to Democrats.
60% of young Republicans also see corporate power as a serious threat.
The next generation is increasingly skeptical of an economy where enormous companies accumulate power while ordinary workers struggle to build wealth.
Keith Kail retweeted
BREAKING: The average cost of a family’s annual health insurance premium in the US is up +$1,303 YoY, or +5%, to a record $28,303.
This marks the 4th consecutive annual increase of at least +$1,300.
Over this period, the average annual premium for family coverage has surged +$5,884, or +26%.
To put this into perspective, CPI inflation has risen +13% over the same period, or half as much.
Since 1999, the average health insurance premium for a family has soared +$22,494, or +387%.
This represents an average annual growth rate of +6.1%, well above CPI inflation at +2.6% over the same period.
Health insurance has never been more expensive.
I lived this on the other side as a mortgage consumer at ground zero of the crash. Devastated my finances and took me 10-12 years to recover.
It’s real.
IRMAA can be a BIG retirement expense.
In 2026, Level 3 IRMAA can add ~$9,240/yr for a couple on Medicare B & D.
If funded by fully taxable distributions at a 24% federal rate, that takes ~$12,158 of income—or ~$405,000 of portfolio at a 3% withdrawal rate.
Plan MAGI.
Keith Kail retweeted
Capitalism is under attack. Good to hear @YaronBrook of @AynRandInst point out: “It's a fantastic system ... fundamentally moral because it allows individuals to pursue their own happiness.”
Keith Kail retweeted
Our national debt surpassed $40 trillion, yet very few in Washington are worried about addressing this crisis.
I put forth the Six Penny Plan to make even, across-the-board cuts so we can balance our budget in five years. All it takes is cutting six cents from every $1 the federal government spends.
Keith Kail retweeted
If Washington wanted to get serious about addressing affordability, it would start by reining in reckless spending that fuels inflation.
My Six Penny Plan cuts six cents of every dollar the federal government spends. In five years, the budget would be balanced and life would be more affordable once again.
Keith Kail retweeted
BREAKING: Equities now account for a record 48.2% of total US household financial assets.
This includes stocks held directly, as well as equities held indirectly through life insurance companies, private pension funds, government retirement funds, and mutual funds.
This figure has risen +13.9 percentage points since the 2022 bear market.
By comparison, at the 2000 Dot-Com Bubble peak, US households held 38.7% of their financial assets in equities.
For perspective, this proportion never exceeded 20% between 1974 and 1992.
Asset owners are winning.
Keith Kail retweeted
𝚝𝚑𝚎 𝚞𝚜 𝚑𝚊𝚜 𝚊𝚗 𝚞𝚗𝚞𝚜𝚞𝚊𝚕 𝚜𝚑𝚒𝚎𝚕𝚍.
𝚝𝚑𝚒𝚛𝚝𝚢-𝚢𝚎𝚊𝚛 𝚖𝚘𝚛𝚝𝚐𝚊𝚐𝚎𝚜 𝚕𝚘𝚌𝚔𝚎𝚍 𝚒𝚗 𝚊𝚝 𝚛𝚘𝚞𝚐𝚑𝚕𝚢 𝟹%.
𝚝𝚑𝚊𝚝 𝚒𝚗𝚘𝚌𝚞𝚕𝚊𝚝𝚎𝚜 𝚊 𝚑𝚞𝚐𝚎 𝚙𝚊𝚛𝚝 𝚘𝚏 𝚑𝚘𝚞𝚜𝚎𝚑𝚘𝚕𝚍 𝚌𝚊𝚜𝚑 𝚏𝚕𝚘𝚠.
𝚝𝚑𝚊𝚝 𝚖𝚊𝚝𝚝𝚎𝚛𝚜.
Keith Kail retweeted
𝚋𝚞𝚝 𝚌𝚘𝚛𝚎 𝚒𝚗𝚏𝚕𝚊𝚝𝚒𝚘𝚗 𝚌𝚘𝚘𝚕𝚒𝚗𝚐 𝚝𝚘 𝟸.𝟺%?
𝚠𝚑𝚊𝚝 𝚍𝚘 𝚢𝚘𝚞 𝚏𝚎𝚎𝚕?
𝚊𝚕𝚖𝚘𝚜𝚝 𝚗𝚘𝚝𝚑𝚒𝚗𝚐.
𝚙𝚛𝚒𝚌𝚎𝚜 𝚑𝚊𝚟𝚎𝚗’𝚝 𝚛𝚎𝚟𝚎𝚛𝚜𝚎𝚍.
𝚢𝚘𝚞’𝚛𝚎 𝚓𝚞𝚜𝚝 𝚋𝚎𝚒𝚗𝚐 𝚛𝚘𝚋𝚋𝚎𝚍 𝚖𝚘𝚛𝚎 𝚜𝚕𝚘𝚠𝚕𝚢.
Keith Kail retweeted
Man Spends 800 Hours and $3000 To Beat Free Mobile Game buff.ly/kuKlzQ0
Keith Kail retweeted
Savings rate trumps chasing rate of return every time.
You can control savings rate
You cannot control your rate of return.
There’s a balance to be struck between building your tomorrows and living your today’s.
I show you how at
myfinancialexcellence.com
I’m tired of financial advice that treats enjoying your money like a failure‼️
Buy the cheapest car.
Skip the vacation.
Never eat out.
Never upgrade anything.
Save every possible dollar.
Yes, building wealth matters.
But if you’re saving, investing, covering your obligations, and staying on track…
At some point spending money on something you genuinely enjoy is not “bad financial behavior.”
Money is a tool.
Building wealth should create more options—not make you afraid to use them.
Some anecdotal evidence:
The economy seems to be booming
The mall is busiest I’ve ever seen in 20 years.
Several clients express revenues are up in their businesses.
Incomes are high as I’ve ever seen in duel income families.
#personalfinance
