How Much Money is Enough? Let’s Break It Down! 💸

Heyyyy Friends!!!

Happy Fridayyyy! How was your week?

What’s in this letter ✍🏾 (Time to Read: 4 minutes)

• What's Rimi Up To! 😌

• MONEY TEA with Rimi 🍵

• Let’s Break It Down! 💸

• My Current Faves ❤️

What’s Rimi Up To!

Genuinely, I wasn’t really in my groove this week. I only made it to the office once and the gym once. It wasn’t giving basically 🤦🏾‍♀️.

But here I am, surviving and taking things one step at a time like Kendrick. (Also, this part of the song is stuck in my head)

Today, I’m diving into the concept of "what is enough money?" because I know a lot of people struggle with the fear of “Not having enough Money”. I remember doing a poll last year, and this came up quite a bit, so let’s address it head-on.

What’s considered "enough" really varies from person to person. This ties back to last week's newsletter, where we discussed how one person could survive on $100K per year, while someone else might need $1 million a year. Fast forward to retirement, and Person A could retire comfortably with $1.5 million, while Person B might need $15 million.

So, how do you figure out what’s enough for YOU? Let’s break it down in the section after MONEY TEA with Rimi!

Before you read it, what do you think will be enough money for you? Hit "Reply"📲 and let me know

MONEY TEA with Rimi 🍵

Let’s get into it!!!

• First, a 25% Tariff and a Trade War. Now, a Pause and Uncertainty. What Should You Do with Your Money? Read This!

• Interprovincial trade barriers might be a bigger issue than the “U.S. trade wars”. Canadian companies often find it easier to do business across the border than within Canada due to restrictive provincial laws. If Canada can unite and resolve these barriers, the economy could see a long-term GDP growth of 4.4% to 7.9%—a $245 billion boost!

  With ongoing tariff uncertainties, this could be the light at the end of the tunnel, paving the way for a more self-reliant Canada

• Doom Scrolling can cause Bad Money Choices. The constant flow of negative news can increase anxiety, driving impulse purchases and fear-based spending.