TheLiveBigWay® Digest: Modern Money Wisdom

The One Big Beautiful Bill Act (OBBBA) was signed into law on Friday, July 4, and includes numerous tax planning implications that will have some impact on your personal taxes directly. Today, we want to focus on a couple of provisions with upcoming deadlines and tease out additional provisions we’ll cover in deeper detail both in future editions of the Digest and on our live webinar on Wednesday, July 30. Read on to see what action you may need to take before the end of this year and what changes we’re continuing to digest.

What was intended to be financial advice quickly became a cultural flashpoint: “Stop buying avocado toast if you want to buy a home.” Much has been made of this viral comment over the years, but it ultimately revealed a deeper truth about what today’s dollar can really do. This piece explores how inflation has shifted the cost of living over time and how you can make intentional choices to stay financially steady in a changing world.

Lifestyle creep, a gradual increase in spending as your income rises, can be dangerous if left unchecked. Though it’s often conceptualized as a runaway phenomenon during which one’s lifestyle outstrips their income, it is possible for you to increase your spending without losing your balance. Learn how, with conscious values-based and policy-based decision making, a little bit of lifestyle creep isn’t necessarily a bad thing.

Being globally diversified amongst a broad array of asset classes helps to shield your investments from some of the downside risks and is an important part of ensuring that your portfolio has the staying power to ultimately support your Live Big^® goals. Diversification has become a well-accepted idea, but how exactly does it work? We dive into what diversification means at Yeske Buie and how it works to help support your financial life.