08/01 |#028| Flying Into August

• 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? Here’s advice from someone who’s done it.

• THEIR SUCCESS: Ever hear of Sahil Bloom? He reached 400k subscribers in 36 months…here’s his journey.

• YOUR SUCCESS: Sick of your commute? Here are the top ten most in-demand jobs that let you work from anywhere.

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.

Let’s go deeper with ChatGPT about why the Federal Reserve is doing this:

ERROR: Forgetting to add the attachment.

REASON: Aside from the obvious waste of time (especially if you don’t 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.

Self-Interest: Talk about “the art of chilling out” (whether you’ve mastered it or not).

Human Interest: Talk about Lee Jeyes, who quit his job as Walmart’s 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.

💸 bloom:

You’re never too young to learn how to build wealth.

“Bloom, a zero-commission stock investing tool for teenage investors, reached 1 million downloads.”

It offers classes and quizzes to teach kids smart investing and costs $15 per month.

 💊 BIOGEN:

No matter what the economy’s doing, there’s no shortage of money in pharma.

“Biogen is spending more than $7 billion to buy Reata Pharmaceuticals and bolster its rare disease treatments.”

The deal is expected to go through by year’s end.

💳️ VISA:

Visa is doing something that benefits the consumer? No way.

Said CEO Ryan McInerney: “We’re just making sure that when consumers do get surcharged, it’s something that’s fair and equitable.”

Visa has lowered the amount that retailers are allowed to surcharge and send auditors to enforce compliance.

🤖 🤝 akooda:

If in the future you find yourself attending fewer meetings, you might have Akooda to thank.

They are an “early-stage startup…using AI to analyze a company’s internal software stack to better understand the inner working of an organization without having to meet to figure it out.”

We can all agree that anything that gets us out of some meetings is awesome, right?

• Plan Your August Goals - write them down, and put them somewhere where you’ll 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!