Monthly Newsletter: June 2023

👋 Hey there and happy 4th of July to my followers in the USA 🇺🇸! Welcome to the WalletBurst monthly newsletter for the month of June 2023.

The Price of Time

What is the price of time? The answer is simple: interest.

I recently listened to an audiobook of The Price of Time by Edward Chancellor and found his deep dive into interest rates to be really fascinating.

I highly recommend this podcast with the author which is a distilled version of the book and covers a few of his key themes including:

  • The history of interest in human societies, which is actually older than money itself.
  • Why zero percent interest rates go against our human nature.
  • How low interest rates have fueled the largest asset bubble in human history.

🏠 US Housing is a dead man walking by Seeking Alpha

  • Buying a house in the USA, when adjusted for inflation and mortgage rates, is the most expensive in four decades.
  • How did we get to having the most expensive housing market in US history?
  • What are they key factors that will influence the housing market going forward?

🤑 15 Years to Financial Independence by Rational Walk

  • Scenario showing how a young 25 year old couple starting with zero net worth could reach FIRE by the age of 40.
  • Key takeaway is to harness the virtuous cycle of limiting consumption, saving an unusually high percentage of income, and then investing one’s savings in the stock market.
  • Doing this will almost inevitably result in financial independence due to the power of compounding over long periods of time.

😬 Canadian real estate prices vs income on r/FluentInFinance

Growth in real home prices, real disposable incomes, and population

🏠 Apartment List National Rent Report

  • The rental market hit a big milestone this month, with national rent growth finally becoming flat year-over-year after nearly a year of slowdown in the rental market.
  • On average across the nation, apartments today are renting for the same price they did one year ago.
Year-over-year change in national rent index

New on

Nothing new this month…

End Note

Thanks for reading! If you’re enjoying my newsletter, I’d love it if you shared it with a friend or two. You can send them here to sign up.

And if you have any feedback on my site or come across any interesting personal finance content, send it my way to I love to hear from my readers/users!

Have a great day,

Andrew ✌️