This weekend the Coronavirus Aid, Relief and Economic Security (CARES) Act was passed into law, with the intention of providing relief to taxpayers affected by the coronavirus (COVID-19). I imagine this is but one of many stimulus/emergency relief efforts to come, and the details will undergo much scrutiny in the coming months.
This is a massive and wide-reaching law. I’ve done my best to summarize the parts that I think will have the greatest interest or impact to early retirees and aspiring early retirees, although it will affect nearly everyone.
Following an epic collapse of double bubbles in the stock market and real estate prices, Japan “suffered” 2+ decades of stagnation and deflation.
You would be hard pressed to find somebody who hasn’t at least heard of Japan’s Lost Decade(s.) It’s a popular topic people raise as soon as our early retirement and living off an investment portfolio comes up in polite conversation.
“Oh man, what are you doing to do when the United States (inevitably) experiences it’s Lost Decade(s)?!”
“20 years of 0% investment performance is bound to put a dent in your retirement plans, hehe”
“I want to retire early too but I’m really concerned about a Japan-style financial collapse. What can I do?”
That last question is probably the best – What lessons can we learn from Japan’s challenging times?
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In last week’s article, I gave a high-level view of award travel by introducing terminology, outlining basic earning and redemption strategies, and, hopefully, enticing you to give this travel hacking thing a shot yourself.
That post included a lot of information in a small number of words, so over the next few weeks I’ll be circling back to unpack various topics to explain them in more detail to give a deeper understanding of how to best use miles and points for luxury travel. I’ve also made note of the ideas and suggestions mentioned in the comments which I will weave into future posts.
Today, I’ll cover one of the most important topics in award travel: transferable currencies.