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Why the 7 Streams of Income Rule Is Backwards - Build Wealth First, Then Diversify
Financial experts Alexis and Dean debunk the myth that you need 7 income streams to become a millionaire. Learn why focusing on primary income first is key.
Japan's Interest Rate Shift Threatens Global Markets: The Second Yen Carry Trade Unwind of 2024
Bank of Japan's hawkish turn triggers another yen carry trade unwind. Learn why this liquidity crunch could be worse than the first one in 2024.
Invest America Program 2025: How $6.25 Billion in Child Investment Accounts Will Transform Financial Literacy
Michael Dell's $6.25 billion donation to the Invest America program gives every child investment accounts. Learn eligibility, benefits, and how to apply.
clips
💡 The U.S. involvement in Venezuela may be driven by strategic interests related to oil production and its impact on global diesel supply, as well as an effort to weaken Russia's influence in the region.
💡 Short-term emergency savings should be kept highly liquid in high-yield savings accounts, while longer-term savings can be invested in riskier but higher-yielding assets like stocks.
💡 Bidets are an effective and underrated way to improve personal hygiene, and a heated bidet seat can be a game-changing addition to a home bathroom.

💡 Surrounding yourself with the right financial and advisory support is crucial for entrepreneurial success, and it's important to celebrate the wins even during the challenging moments of starting a business.

💡 To calculate the monthly savings needed to reach a $100,000 annual retirement income, you must consider your current income, time to retirement, investment returns, and expected inflation, and then model out the compounding growth of your savings.

💡 The 'Invest America' program provides investment accounts with $1,000 for children born 2025-2028, and private companies are contributing additional funds to expand the program to younger children as well.

💡 Retirement is not about reaching a specific age or accumulating wealth, but about finding continued purpose and passion through work, entrepreneurship, or philanthropy.

💡 The proposed $72 billion acquisition of Warner Bros. Discovery by Netflix faces significant regulatory and antitrust challenges that could delay or prevent the deal from going through.

💡 Effectively manage your paycheck by categorizing expenses, prioritizing bills and savings, and budgeting your discretionary spending.

💡 To determine if you can afford a purchase, consider your current financial position, future financial outlook, and the impact the purchase would have on your finances, rather than just looking at whether you have the cash on hand.

💡 The 'high-yield' label on a savings account is often just marketing, and consumers should focus on finding the account with the highest interest rate regardless of what it's called.

💡 The best approach is to focus on your own financial needs and limits, rather than trying to keep up with your friends' spending habits.

💡 A hostile takeover occurs when a company tries to acquire another company against the will of its management, by offering a higher price than the original deal.