Whats next for student loan debt? BlackRock and others refile Bitcoin ETFs!!!
META launching Twitter rival tonight! Will AI/Chat GPT take over copywriting and programming sector?
👋 Hello Everyone.
META launches the Twitter rival tonight! My takeaways and how it can help you in your daily life and business. META seems to be continually reactive so we shall see what the future holds and how Elon reacts???
The launch of Meta's Threads app offers the average user a text-based conversation platform that resembles Twitter. Some of the potential benefits and features for average users include:
Free Service: Threads is expected to be a free app, allowing users to access and participate in conversations without any upfront cost.
Unlimited Posts: Unlike recent restrictions imposed on Twitter by Elon Musk, Threads does not appear to have limitations on the number of posts users can see or engage with.
Community Discussions: Threads aims to provide a platform for communities to come together and discuss various topics, both current and trending, fostering conversations around subjects that users care about.
Familiar Interface: The app's dashboard and interface resemble Twitter, which may appeal to users who are already familiar with Twitter's layout and functionalities.
Connection to Instagram: Since Threads is linked to Instagram, it will have access to hundreds of millions of Instagram accounts. This integration can offer users a seamless experience between the two platforms and potentially expand their network of connections.
However, it's worth noting that the article also mentions that Threads will collect data from users' phones, including location data, purchases, and browsing history. This aspect should be considered by users concerned about privacy and data usage.
Overall, the launch of Threads presents users with an alternative text-based conversation app resembling Twitter, potentially offering a different user experience and additional features compared to existing platforms.
From META: “Threads is where communities come together to discuss everything from the topics you care about today to what’ll be trending tomorrow. Whatever it is you’re interested in, you can follow and connect directly with your favorite creators and others who love the same things – or build a loyal following of your own to share your ideas, opinions and creativity with the world.”
📣 Whats next for student loan debt and how can the over 40 million affected can optimize their repayment strategies???
Given the Supreme Court's rejection of President Biden's plan to discharge federal student loan debt, borrowers who are seeking to lower their student loan debt have limited options through legal pathways. Here are some steps that student loan holders can consider:
Explore Income-Driven Repayment Plans: Income-Driven Repayment (IDR) plans adjust monthly payments based on borrowers' income and family size. These plans can help lower the monthly payment amount, making it more manageable for borrowers.
Consider Loan Consolidation: Loan consolidation allows borrowers to combine multiple federal student loans into a single loan. This can simplify the repayment process and potentially lower the monthly payment by extending the repayment term. However, it's important to carefully consider the terms and conditions of consolidation before proceeding. So know what your interest rates are so you can define your best options prior to agreeing to any consolidating terms.
Seek Assistance from Nonprofit Organizations: There are nonprofit organizations, such as the Student Borrower Protection Center, that offer financial counseling and support to student loan borrowers. They can provide guidance on available options, help navigate repayment plans, and offer assistance in managing student loan debt.
Stay Informed about Policy Changes: While the Supreme Court ruling has limited the immediate prospects for broad-scale debt forgiveness, it's essential to stay informed about potential policy changes or legislative actions that may offer relief in the future. Keep an eye on updates from government agencies, lawmakers, and advocacy groups that focus on student loan issues.
Prioritize Repayment Strategies: Even without debt forgiveness, borrowers can still focus on effective repayment strategies. This may involve budgeting, cutting expenses, and increasing income to allocate more funds towards loan repayment. Consider creating a repayment plan and setting financial goals to make progress in reducing the student loan debt over time.
It's important for borrowers to consult with a financial advisor or student loan counselors who can provide personalized guidance based on individual circumstances and the specific details of their loans. And be wary of scammers. This is going to bring out the worst in people so you will see a ton of “To Good to Be True” ads claiming the world.
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🎙️ I am also really excited about how quickly the podcast has grown. So thank all of you that have downloaded and given it a listen. We have climbed the charts very rapidly and we are currently ranked #9…For those of you that have not stopped by it is the Rich Habits podcast on Spotify and Apple. And please feel free to DM me or message on any platforms and let me know your thoughts and takeaways.
For all PAID community members please note that the private livestream is now being held on ZOOM and its awesome. It is scheduled every Thursday @ 7pm EST. This is so excited and will add so much more personal/community interactions. So buckle up and let’s have some fun.
💸 The Person you will be in 3 years depends on the habits, people and conversations you have today!!!!!
You hear it all the time - that you are the 5 people you surround yourself with. I truly believe this. I have seen over and over in my life and career that when I level up ⬆️ 🆙 my friend group I seem to level up in business and quality of life. Now it’s ok to still have old friends that are fine where they are. You know the ones - they are happy drinking every weekend and hitting the bars and festivals. But if you stay in that mindset and atmosphere I promise you it will drain you of your drive and diligence.
Your habits will help you build consistency and your consistency will compound over time. Small steps lead to big gains in wealth building, health and quality of life. So find yourself a group of like minded friends that are going where you are going. If your conversations are not about the future, how you can help each other level up and about financial growth you are probably hanging out with the wrong people. So do some house cleaning and make sure the people you spend the most time with fit your future and not your past!!!
🚨 Will Artificial Intelligence / Chat GPT take over and what happens to jobs like programmers and copywriters? Is their money to still be made in those fields or should we stay away?
In my opinion the claim that there will be no use for programmers or copywriters in the next five years due to AI and Chat GPT is an exaggerated and misleading statement. While AI technologies, including language models like Chat GPT, have made significant advancements in generating text, it is important to understand the current limitations and the unique skills that humans bring to these roles. So yes there is hope!!!!!!
Here are some key points to consider:
Creativity and Originality: While AI can generate text based on patterns and existing data, it lacks true creativity and originality. Programmers and copywriters possess the ability to think critically, develop unique ideas, and create content that is tailored to specific concepts and target audiences.
Complex Problem Solving: Programming requires deep understanding of algorithms, and problem-solving skills. Programmers are responsible for designing and implementing software solutions, optimizing performance, and addressing complex technical challenges. AI models like Chat GPT are tools that can assist programmers in certain tasks, but they cannot replace the need for human expertise. This is why I mention ChatGPT prompt writing as a via online service or side hustle!!!!!
Contextual Understanding and Emotional Intelligence: Copywriters can excel at understanding human emotions, and context to create persuasive and engaging content. While AI models can generate text, they lack the emotional intelligence and contextual understanding necessary to produce high-quality copy.
Adaptability and Learning: Programming and copywriting are fields that constantly evolve. Programmers and copywriters need to stay updated with the latest technologies, trends, and best practices. They possess the ability to learn and adapt to new tools and techniques, allowing them to innovate and provide valuable insights that AI models may not be able to offer. And this is very crucial right now as the gold rush continues in the AI/ChatGPT field.
While AI and language models like Chat GPT can assist in generating text and automating certain aspects of programming and copywriting, they do not replace the need for human involvement. The collaborative use of AI technologies with human expertise can lead to more efficient and effective outcomes.
🤔 BlackRock, Fidelity, Invesco and others scurry to refile based on the information the SEC provided. Do you think for a second the SEC/Gensler will continue forth against the big bad wolf known as BlackRock?
Here are my takeaways from what I read:
BlackRock Inc has refiled paperwork with the US Securities and Exchange Commission (SEC) to provide additional details for its proposal of an exchange-traded fund (ETF) that directly invests in Bitcoin. Same as Fidelity, Invesco, Etc.
The SEC had previously stated that the initial filings by issuers, including BlackRock, were insufficient and lacked necessary information. It is unclear if this a stalling tactic or just another way to dodge the fact that in years they have not provided a roadmap.
BlackRock has indicated that Coinbase Global Inc. will provide market surveillance for the proposed ETF. Market surveillance is seen as a crucial factor in gaining SEC approval for a Bitcoin ETF.
Other companies, including Fidelity Investments, Invesco, VanEck, 21Shares, and WisdomTree, have also amended their ETF proposals to provide more specific information.
The SEC has rejected approximately 30 spot Bitcoin ETF applications in the past, citing concerns about fraud and market manipulation but I just find it to be highly unlikely they do it again and to the companies mentioned.
Chances of Approval by the SEC:
While nothing I read mentions the chances of approval for BlackRock's ETF or other companies' proposals, it highlights an important factor for gaining SEC approval: market surveillance. By partnering with Coinbase Global Inc. to provide market surveillance, BlackRock aims to address the SEC's concerns regarding fraud and market manipulation.
Although the article suggests that market surveillance could dramatically reduce these concerns, it doesn't guarantee approval.
Ultimately, the chances of approval for BlackRock's ETF and other proposals will depend on how well they address the SEC's concerns, provide necessary information, and meet the regulatory standards set forth by the commission. Fingers crossed but I feel that based on Congresses recent push back with Gensler now could finally be the time that crypto gets it’s real day in court and comes out victorious!!!! What does this mean? I believe we will see a massive bull run coming out of this. Letsssss Goooo!
👂👂5 Key Tips to help you properly run your small business. Haven’t started yet? My Top piece of Advice: Make sure whatever business type you start or consider purchasing - Can run successfully with average people! If the business takes too many highly skilled people it will likely fail. Remember we live in a time where finding and keeping solid employees is difficult.
Running a successful small business requires careful planning, effective management, and adaptability. Here are my five tips to help small business owners succeed:
Develop a Solid Business Plan: A well-thought-out business plan serves as a roadmap for your business. It outlines your goals, target market, competition, financial projections, and marketing strategies. Regularly review and update your business plan as your business evolves.
Focus on Customer Satisfaction: Satisfied customers are more likely to become repeat customers and refer others to your business. Understand your customers' needs and preferences, provide excellent customer service, and consistently deliver high-quality products or services. Actively seek and listen to customer feedback to identify areas for improvement.
Build a Strong Team: Surround yourself with competent and dedicated employees who share your vision and values. Hire individuals with the necessary skills and expertise, provide them with clear roles and responsibilities, and foster a positive work environment. Invest in employee training and development to enhance their skills and keep them motivated. And always remember - the employees will never care as much as you do so have to processes in place to protect yourself and the business.
Monitor and Manage Finances: Maintain accurate and up-to-date financial records to track your business's income, expenses, and cash flow. Create a budget and regularly review your financial performance. Set aside funds for emergencies and unexpected expenses. Seek professional advice from accountants or financial advisors to ensure proper financial management.
Embrace Technology and Innovation: Stay updated on technological advancements relevant to your industry and leverage them to streamline operations, improve productivity, and enhance customer experience. Explore digital marketing strategies to reach a wider audience and build an online presence. Continuously innovate and adapt to changing market trends to stay competitive. This is especially true when looking to purchase “boring businesses” where these value adds really move the needle.
Remember, running a successful business requires dedication, resilience, and continuous learning. Stay informed about industry trends, seek mentorship or guidance from experienced entrepreneurs, and be open to adapting your strategies as needed.
Weekly Book Excerpt (“You either master money, or, on some level, money masters you!” — Tony Robbins)
So simple yet so true. My takeaway from this legendary quote is - Far too many people live their lives never quite understanding or learning financial literacy. So they either leave their money to others while not really knowing what to do or if the strategy is sound or something even worse - they do nothing and leave there hard earned dollars sitting in cash in a savings accounts. Don’t do that!!!!
Always remember: Time in the market and consistency are the greatest factors in your wealth building journey. So be consistent, make solid financial decisions, don’t worry about the Joneses and let compounding do its thing,.
Money Mindset - Weekly insights
I am so proud to announce my affiliation with Acorns. I know you all have heard me talk about this awesome platform for years but now I am officially working with them and I couldn’t be more excited. If you haven’t used Acorns yet its a must in your wealth building journey. Even if you use it just for the roundup feature.
How it works - You simply attach your bank account and set the rate of risk you want in your portfolio and Acorns does the rest by rounding up your daily purchases and investing those funds. It’s such a great investment tool because it is automated and just a few cents at a time. It’s like found money.
Brand of the month - Dun & Bradstreet
I am excited to add Dun & Bradstreet to my portfolio of companies that I proudly represent. A DUNS number is so important to the success of your small business. So if you have not applied for one please read up so you can understand the importance of it. Please use the provided link so you can check out all the amazing benefits for your company -
D&B link
Thanks for following along. See you soon!