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Hey Reader,

Happy Memorial Day weekend!

We were planning to BBQ on Saturday but NYC decided to rain the ENTIRE LONG WEEKEND (yes, it's raining Monday too).

So unfortunately I couldn't make my famous spicy cumin lamb skewers. Instead, we just grabbed Taco Bell and called it a day.

Also, join my free 4 Day Cash Workshop here - we start June 1st!

Now that you're up to speed, let's go build some wealth.

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👀 What I'm Watching:

Remember back in January when everyone(including me) thought there was going to be a rate cut this year?

Well, as of this week, the odds of an expected rate increase just hit 80%.

No one knows for certain but markets are increasingly pricing in a rate hike.

What's happening?

Two big things happened that led to this.

First, Moody's (a major credit agency) downgraded the United States' credit rating for the first time in over 100 years.

Think of this rating like your personal credit score. If your credit score falls, the bank charges you a higher interest rate to borrow money.

It's the same thing here. The people lending money to the government (such as bond investors) will now demand a higher interest rate from the US.

That's why the 30-year Treasury yield just hit 5.2% (btw, this is the highest its been since 2007).

Now, before you panic, the US still has one of the strongest ratings on the planet. The rating drop was from Aaa to Aa1 which is still a great score.

Second, the Iran war and The Strait of Hormuz is still an ongoing issue. I've been covering this since March but basically everything costs more now because of higher gas prices.

When prices keep going up, the Fed can't responsibly cut rates. Key word: responsibly.

Jerome Powell said it on his way out the door: "It hasn't even peaked yet."

Y'all… he might be right.

📝 The Breakdown:

Here's how this impacts your money and wallet:

When Treasury yields hit a 17-year high, everything costs more... such as mortgage rates.

If you've been waiting for rates to drop before buying a house, you might have to wait a bit longer.

Right now, the average 30-year fixed mortgage is at 6.51%.

Here's what one percentage point change looks like:

• $400K home at 5.5%: ~$2,271/month
• $400K home at 6.51%: ~$2,528/month

✍️ Your Next Move:

Here's what you need to do today:

The same rates that make life more expensive can also make your cash earn you more money.

But only if you use the right cash strategy.

There's a strategy most people don't know exists (yes, this goes beyond opening a HYSA).

I'm talking about how to structure, prioritize and place your cash in the right accounts so every dollar is working and earning you as much money as possible without locking anything up and without touching the stock market.

And that's what I want to show you in my brand new 4-Day Cash Strategy Workshop.

I wish something like this existed when I was first starting out.

It would have saved me so much time and effort… and so many mistakes.

But I'm glad I made those mistakes, because now I can show you how to avoid them.

If you want to learn how to create a better financial future for yourself and your family, click the link below to join our 4-Day Make Your Cash Work Workshop.

​→ Join our 4-Day Cash Workshop to put your cash and savings to work​

🗓️ Behind The Scenes:

Here's a quick recap of what I was up to this past week:

• When I bought my house last year, the yard was FULL of weeds and dirt. I spent hours on my hands and knees yanking the weeds out one-by-one but... EVERYTHING GREW BACK. I called it quits this Spring and ended up hiring a professional to clear everything out and lay down grass. As of this week, the yard looks pretty great but I'm not excited to see my next water bill...
• Benito's collar clip (my dog) broke this week... right as we stepped outside and he BOLTED. I ran after him and 3 strangers who were walking by helped out too. A car even stopped to block other cars from coming into the street. After all that chaos and screaming, Benito casually ran back and sat in front of the house like nothing happened…

✅ Cool Things From This Week:

• ​Turns out the "productive" lunch habit most office workers have is actually making them worse at their jobs in the afternoon.​
• ​Pediatricians just issued the first new recess guidelines in 13 years and 40% of schools are already getting it wrong.​
• ​You'll pay $35 to check a suitcase on Southwest now. But 12 bottles of wine? That's free. (PS: There's a catch.) ​