The stock market dropped 22% on Black Monday 1987. If that happens again, the Dow will drop by over 8,000 points.

With the rise of gambling apps and increased speculation on meme stocks and short-dated options, it’s not hard to imagine that many of today’s young people have lost considerable sums on bad bets.

Anytime someone starts seriously considering their FIRE (financial independence, retire early) number, there is hope that they are close enough to this number to make it meaningful. The idea of ...