Scott Lincicome: “Imports are essential to the U.S. grocery market today, and to its steadily increasing abundance. In 1980, the typical supermarket carried only about 100 different produce items. Selection was limited by North American growing seasons—good luck finding a strawberry in winter—and few Americans had even heard of, let alone tasted, products such as lychee or jackfruit.”

“Today, the variety of produce items has more than doubled, and a stroll through those same aisles reveals an incredible variety. This is thanks to global trade. According to the Food and Drug Administration, 55 percent of fresh fruits and 32 percent of fresh vegetables in the United States are sourced from abroad.”

Rule Number 1: “If you’re in a position where you’re earning hundreds of dollars an hour for your day job or you have the ability to pick up extra shifts, it might make sense to just bill more hours at your job.”

There’s a some more good ones.

“Successful FIRE retirees anticipate supporting themselves with savings and investments for 30 or 40 years — or even longer, depending on how early they drop out of the workforce. With FIRE, it’s vitally important to choose a place to live that’s affordable enough to sustain financial independence for several decades,” writes James Ellis.

Bottom of the list: New York City.

Joel Lyons interviews Cari Swanger and comes up with a bunch of tips for managing a six figure student loan debt.

“My husband and I like to refurbish things, such as coffee tables or desks or even just make things look a lot nicer than what they look like now, and just advertise that on Facebook Marketplace. There’s a whole community out there that loves to be able to buy secondhand things and we’ve been able to make about $4,000 to $5,000 per year. “

The royal couple is officially “financially independent” from dad and grandmother, thanks in part to the just signed a multi-million dollar deal with Netflix.

The deal is reportedly worth over $100 million.

“There is an immense amount of misunderstanding, even among financial advisers, regarding what to put in a Roth IRA. Asset location is a very important topic that has a real impact on the accumulation of wealth,” writes Jim Dahle.

Bottom line: “If you put your riskier, higher-expected return, asset classes preferentially into tax-free accounts, you will probably have a bigger nest egg in the future. However, that is because you took on more risk, not because there is some magic free lunch there.”

President Trump’s net worth fell by an estimated $600 million in the past year, Forbes reports.

“Senate Majority Leader Mitch McConnell announced Tuesday he might try to force his chamber to cast a test vote this week on a new version of his party’s economic recovery plan, putting pressure on Republicans to get behind a measure meant to serve as an election-year contrast with Democrats,” CNN reports.

Bloomberg: “The bill, expected to feature some of the aspects of a $1 trillion proposal put forth by Republicans a month ago, is expected to cost $500 billion to $700 billion.”

“When I first made the version of my infamous pie chart in July 2018, the five largest stocks in the S&P 500 had a market capitalization that equaled the smallest 282 stocks in the index. Ahh, simpler times. That number is now 389.”

A few months ago, Ben Bernanke, former head of the Federal Reserve was asked, “The money we’re printing now, will it cause inflation?”

His response, “No.”

“If we’ve learned anything since the government’s response to the last crisis, it’s that quantitative easing or money printing or whatever you want to call it, does not necessarily plant the seeds for higher prices in the future,” writes Michael Batnick.