It’s never too late
Continuing with the theme of it’s never too late to start tackling the financial to do list, here are a few quick wins you can do today:
1) Set up text message alerts from your credit card and/or checking account. I find this super useful especially for reminding me about subscriptions I may have forgotten about that I want to get rid of.
2) Set up a password manager! Throughout these 100 conversations, I’ve heard a lot of people talk about how one of their main pain points with staying on top of investing and finances is dealing with logging in/getting locked out and forgetting passwords for all these various platforms.. Password managers solve that for you and they make your passwords more secure. You just remember 1 password, which unlocks the password manager, and then that password manager fills in the credentials for you on your phone and/or computer. I personally use Dashlane, but I’ve also heard good things about One Password and others.
3) Do a check in with your account balances (yes, even for crypto and trading accounts). As painful as it might be, as a financial advisor shared with me, “it’s important to not bury your head in the sand and make adjustments to your portfolio if needed.”
Money & Crypto
Fed likely to raise rates by 0.75 pt this week (WSJ)
Giving a little hope among all the depressing news lately, 24 charts that show how we are living better than our parent’s generation (Thanks Luis for sharing!)
Stripe’s valuation cut down by 28%. I don’t think this company is going anywhere, but it is a signal of the course correcting we’re doing for the frothy fintech bubble of the last couple years (TechCrunch)
7 crypto miners use enough energy to power Houston (CoinDesk) and a letter that industry leaders, including Square’s Jack Dorsey, authored earlier this year that provides a response to these accusations. Their point is that bitcoin mining in it of itself does not create environmental pollution; they are like data centers and just consume power. They claim that the real issue is with the power sources farther upstream.
Convenience stores and restaurants having to deal with an uptick in violent crimes and drug use that affects stores & employees (WSJ)
Celsius’s $1.2B deficit after filing for bankruptcy. I’m glad I’m not the analyst running those numbers. (CoinDesk)
NFT trading volumes dropped to before a year ago (The Block Crypto)
Etc.
Stunning pictures from the James Webb telescope that has photographed galaxies from billions of lightyears away
Tips on dealing with bad bosses and using silence in meetings
Former prime minister of Japan, Abe Shinzo assassinated in early July
Podcast Pick of the Week
🎧 Bill Simmon’s The Rewatchables podcast talks about a new theory about Top Gun: Maverick (SPOILER ALERT!!!!!!!!!!)
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Disclaimer: All opinions are my own. The content on this site and on the podcast does not constitute financial, legal, accounting, tax, or investment advice.
