8/22 |#031| Why You Should Live Below Your Means

Hello and good morning!

Let’s roll into this edition with a valuable analogy.

Drum roll please…

Life's like a camera – focus on the good times, develop from the negatives.

Here’s what we cooked up for you this week:

🤑 Why you should live below your means

👨‍👩‍👧‍👦 An AI startup for parents and their hectic schedules

💸 Subway is close to getting more than a five-dollar footlong

➕ Much. More.

Experts’ Advice 🫡

• THEIR SUCCESS: Matthew Berry, who works for NBC and is a Fantasy Football Analyst, just raised $2M (from famous athletes and entrepreneurs) for his Fantasy Life newsletter.

• YOUR SUCCESS: Here are 7 passive income ideas brought to you by Mark Tilbury, who has 1.88M subscribers on YouTube.

• THEIR SUCCESS: Fiona Afshar makes $129,000 per year from selling colorful pasta boxes out of her home kitchen. Cook it up chef!👩‍🍳 

• YOUR SUCCESS: Here are 10 ways to ignite success at work via Psychology Today. These. Are. So. Good.

Why the heck should you live below your means?

Short & Sweet: Because it helps you prepare for emergencies, helps you save for larger purchases and you also gain more financial freedom and confidence over time along with many other benefits.

Why It Matters: Overspending and living above your means doesn’t give you the chance to have any money left over to save or even invest in important goals for yourself.

💡 Here are some tips to help you spend less than you earn.

• Execute on making a budget and sticking to it.

• Pay down your debt.

• Set long-term financials goals so you stay committed.

• Focus on what you are paying monthly with your streaming services.

• Look at your debit or credit card statements and see if there is a pattern in your spending on things you may not actually need.

Q: Anyone this summer? 👀 

📆 Calendly:

We use work calendars during the week to attend meetings.

Why don’t we use our own calendars to attend our personal meetings?

Via their website, Calendly powers scheduling for over 4 out of 5 fortune 500 companies. However, you can use it to your advantage personally.

Think of it as your virtual-calendar-personal-assistant.

You set the times you want to be available for someone to book based upon your schedule.

You send someone your Calendly link and when someone books a time on your calendar, you get notified.

What’s it best used for you may ask?

When networking online and you find someone of interest, try scheduling via their Calendly or provide them your own.

That way, you both know each others schedule and can easily get on someone’s calendar without asking… “Hey are you free between noon and 2:00 pm EST to jump on a call today?”

You will see the persons schedule and you can book a time and go from there.

Here’s what the interface looks like when trying to book someone’s schedule.

Pretty cool, pretty simple 🤝 

The World’s Top 50 Most Valuable Companies.

In other words, money, money and more money!

The Top 10 💰️ 

 ✍️ META:

Threads will no longer just be available through your phone as the web version is set to launch this week.

As a reminder for folks, “Meta rushed to launch Threads to take advantage of the growing interest for an alternative to X, formerly known as Twitter. Threads became the fastest app to reach 100 million downloads, hitting the mark in five days.”

Users have since fallen off though, as time spent on the app is down about 85% more than the month after it launched according to SimilarWeb.

 👨‍👩‍👧‍👦 milo:

To all the parents out there with kids who have hectic schedules, this ones for you!

Milo is an AI assistant, that helps busy working parents manage their kids’ schedules.

The founder, Avni Patel says, “I know what it feels like to be a parent that has forgotten pajama day, pizza day, that disappointment.”

Sam Altamn, who is the CEO of OpenAI, recently became an investor 👀 

 💸 SUBWAY:

Who wouldn’t want to eat fresh for $9.6B!?

They have 37,000 restaurants running in over 100 countries 🤯 Subway hasn’t changed since it was founded by two Connecticut families in 1965.

That might change soon. “Roark Capital, which owns restaurants Arby's and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about $9.6 billion.”

📊 BLOOMBERG:

The privately-held media conglomerate is appointing a new leadership team along with anointing a new CEO 👀 

Well, this flower is blooming: “Bloomberg L.P. co-founder and CEO Michael Bloomberg appointed a slew of new c-suite executives to run his multi-billion dollar media and data services empire on Monday, according to an internal note obtained by Axios.”

Revenue for Bloomberg L.P. surpassed $10B for the first time back in 2018. Most of their revenue is derived from selling subscriptions to its data services software, The Terminal.