Hey Rebels! Let's dive into this week's issue to help you become smarter about money, investing, and business in less than 10 minutes a week.
|
What's new!
The Real Raise
Did you actually get a raise?
| |
 | |
| Prices rose 3.7% this year. A 3% raise on $50,000 leaves you $350 behind. See where yours lands, and the number to ask for next time. | |
|
Weekly Intel
Stay current with top news from the business, money, and investing world.
Top Stories
Honey, wake up! The Labor Department’s inflation report just dropped! And it’s not looking great. For the sixth straight month, inflation outpaced wages. Top-line inflation rose 3.7% from a year ago in September, and the core consumer price index (which strips out food and energy) also beat expectations, climbing 2.6%. (more)
Seat heaters are fine, moon roofs are cool…but can your car FLY?: The Fast and the Furious franchise and car insurance companies are losing their minds. In a dramatic demonstration in Texas last week, Tesla unveiled its long-delayed second-generation Roadster, rocket-boosters and all. I honestly thought it was AI, but no, cars are flying now. (more)
America’s elderly are rolling in the dough: The Federal Reserve’s latest Survey of Consumer Finances shows that people aged 75 and older became the richest group in the US, with their median net worth growing to around $505,000, compared with $367,000 in 2022. Start investing now and you, too, could be a wealthy old person ripping around in the old folks’ home on your flying SpaceX scooters. (more)
By the numbers
6%: how much of its workforce Netflix is letting go this year, its largest firing spree since 2022. (more)
$14 billion: how much the dating app Bumble was valued in 2021. It is now worth a mere $335 million. (more)
20%: the share of families that reported making a late loan payment over the last year, up from 12.2% in 2022. (more)
Weekly Reader Poll
The Financial Rebellion Way
We talk a lot about being “financially rebellious.” What the heck does that mean? To be financially rebellious, you:
Aim to be a leader, not a follower.
Seek knowledge.
Ask questions with courage.
Admit mistakes with humility and reverse course.
Dream bigger.
And so much more. If you’re ready to start rewriting the script for your financial life, it's time to get rebellious. You’re in the right place.
What does being financially rebellious actually mean? Todd breaks it down in 30 seconds. Click here to watch the short clip.
Want more? Click here for the full module in the Do Money Differently course. It’s free.
Markets: Stocks and Crypto
Last week’s Battleship, the market, and crypto in one minute.
The Market: October 13-16 | |||||||||||||||
| |||||||||||||||
| Chip stocks led the slide. The Nasdaq had its worst week since June. More → | |||||||||||||||
The stock-picking game | |||||||||||||||
 | |||||||||||||||
| |||||||||||||||
| |||||||||||||||
Crypto check | |||||||||||||||
| Bitcoin ▼ 1.9% · Ethereum ▼ 3.1% Crypto slipped with tech, but Bitcoin fell less than half as much as the Nasdaq. | |||||||||||||||
| |||||||||||||||
| Market and game: Tuesday close to Friday close, Oct 13 to Oct 16. Free to play, bragging rights only. None of it is advice to buy, sell, or hold any stock. Acorns is an affiliate link. | |||||||||||||||
Side Hustle Differently
Each week, we focus on money-making opportunities for a side hustle that could potentially become a full-time venture. No MLM schemes, no “passive income” lies, just real strategies for stacking cash outside your 9-5.
Don’t leaf money in the gutters
Every October, yards disappear under leaves and gutters fill up, and most homeowners would happily pay someone else to deal with it. Start with your neighbors, and you can be earning by next weekend with basic tools and a few people on your street who know you’re available.
Start with what you own. A rake, tarps, and yard waste bags are enough for your first jobs, and you can add a leaf blower once the money is coming in.
Price by the job, not the hour. Quote a flat rate based on yard size or number of gutters so customers know what to expect and you get rewarded for working efficiently.
Find customers close to home. Post in your neighborhood Facebook group or Nextdoor, and ask your first few clients to recommend you to their neighbors.
The big picture: Need a little extra cash for the holidays? Do a good job this fall and you’ll have repeat customers for spring cleanup and next autumn, and the same client list can carry over to other services like snow removal or holiday lights.
From the podcast: before you pick a side hustle, find what you’re great at. Kraig Kann says that’s your moneymaker.
Want the whole thing? Watch the full episode with Kraig.
Bank Like a Rebel with a Credit Union
You Own the Place: As a member you're an owner, not a transaction.
David vs. Goliath Energy: Big traditional banks primarily exist to serve shareholders while credit unions exist to serve their members.
Better Loan and Deposit Rates: Lower rates on auto loans and mortgages. Higher rates on checking and savings accounts.
Was this email forwarded to you? Subscribe here.
Interested in becoming a Financial Rebellion Partner? See what partners get at https://www.financial-rebellion.com/partner
We’ll catch you next week. Rebels OUT.
Todd Romer: Founder and Writer
Corinne Clarkson: Writer and Editor
Dallin Merrill: Chief Newsletter Overlord
Disclaimer: The advice provided in Financial Rebellion is not considered to be financial or legal advice of any kind. It is your responsibility to dig deeper on any opinions or recommendations given.