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- 08/01 |#028| Flying Into August
08/01 |#028| Flying Into August
Plus: What To Do With High Interest Rates šø 10 Late-Summer Vacation Ideas, and The Art of Chilling Out š
Good morning and happy August.
A new month means new goals, both professional and personal. What do you want to accomplish over the next thirty-one days?
Whatever it is, our goal is to help you do it, and hereās how weāre getting started:
š High Interest Rates: How Should We Respond?
āļø 10 Event-Related August Vacations, courtesy of ChatGPT
š„¶ The Art of Chilling Out
ā¦and much more. Letās go!
Expertsā Advice š«”
āAmateurs sit and wait for inspiration, the rest of us just get up and go to work.ā
-- Stephen King
ā Polina M. Pompliano (@polina_marinova)
7:41 PM ā¢ Jul 24, 2023
Who is Polina Pompliano? She shares an inspirational tweet occasionally. More impressively, she is the author of Hidden Genius, which is a book that teaches you how the most successful people use mental frameworks that fundamentally change the way they see the world. More about her here.
The less energy we waste regretting the past or worrying about the future, the more energy we will have for whatās in front of us.
ā Ryan Holiday (@RyanHoliday)
1:00 PM ā¢ Jul 22, 2023
Who is Ryan Holiday? He is a NYT Bestselling Author of The Obstacle Is The Way, which offers individuals a framework to flip obstacles into opportunities. With a casual, 600k+ following on twitter, the dudeās philosophy is on another level.
Hustle Hub š
THEIR SUCCESS: Here is why and how top creators repurpose content in a smart and informative way to grow their content and presence online.
YOUR SUCCESS: Interested in early retirement? Hereās advice from someone whoās done it.
THEIR SUCCESS: Ever hear of Sahil Bloom? He reached 400k subscribers in 36 monthsā¦hereās his journey.
YOUR SUCCESS: Sick of your commute? Here are the top ten most in-demand jobs that let you work from anywhere.
Finance 101 š¤
What the heck should I do about these high interest rates?
Short & Sweet: Last week, the Federal Reserve raised interest rates to the highest level in 22 years.
The goal is to make both borrowing and investing more expensive, creating a domino effect that hopefully curbs inflation.
Why It Matters: Because while the rate hike does come with negative effects, it also comes with opportunity.
Here are a few ways you can lessen the blow of the rate hike:
Pay off as much debt as possible - if you have the money available, paying down your debt will help you avoid the consequences of the high interest rate.
Cut down on credit card use - avoid interest by using cash, check, or debit as much as possible.
Open a high-yield savings account or a CD - the high interest rate means your money will make more money.
Letās go deeper with ChatGPT about why the Federal Reserve is doing this:
Email Errors š«
ERROR: Forgetting to add the attachment.
REASON: Aside from the obvious waste of time (especially if you donāt catch the mistake immediately), it could suggest an unbecoming hastiness or lack of attention to detail.
FIX: Take. Your. Time. Before you hit send, make sure the email is exactly how you want it, attachments and all.
Chattinā With GPT š¦¾
Our conversations with ChatGPT have been super productive lately, so itās about time for a shift in tone.
If you havenāt gotten away yet this summer, here are 10 special events taking place across the US during the month of August.
Conversation Starters š£
Self-Interest: Talk about āthe art of chilling outā (whether youāve mastered it or not).
Human Interest: Talk about Lee Jeyes, who quit his job as Walmartās head of innovation to go live in an RV.
Artificial Interest: Talk about - and maybe even try out - these AI-powered apps that you can use to your advantage.
Major Moves šļø
šø bloom:
Midjourney
Youāre never too young to learn how to build wealth.
āBloom, a zero-commission stock investing tool for teenage investors, reached 1 million downloads.ā
It offers classes and quizzes to teach kids smart investing and costs $15 per month.
š BIOGEN:
Midjourney
No matter what the economyās doing, thereās no shortage of money in pharma.
āBiogen is spending more than $7 billion to buy Reata Pharmaceuticals and bolster its rare disease treatments.ā
The deal is expected to go through by yearās end.
š³ļø VISA:
Midjourney
Visa is doing something that benefits the consumer? No way.
Said CEO Ryan McInerney: āWeāre just making sure that when consumers do get surcharged, itās something thatās fair and equitable.ā
Visa has lowered the amount that retailers are allowed to surcharge and send auditors to enforce compliance.
š¤ š¤ akooda:
Midjourney
If in the future you find yourself attending fewer meetings, you might have Akooda to thank.
They are an āearly-stage startupā¦using AI to analyze a companyās internal software stack to better understand the inner working of an organization without having to meet to figure it out.ā
We can all agree that anything that gets us out of some meetings is awesome, right?
Food For Thought š
2 DO This Week š”
Plan Your August Goals - write them down, and put them somewhere where youāll see them every day.
Explore High-Yield Saving Accounts and/or CDs - right now, some accounts yield interest over 5%, which is a very strong number. Let your money work for you without the risk!
What weāre currently reading on the fly:
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You are now On The Fly and In The Know.