Social Media Money, Bitcoin Billionaires, and Tweaked Rent Bills

8 Tips for Investing in Your 40s and 50s                                                                                                                                                                                                                                                                                                                                                                                                                 April 05, 2024 | [Read Online]( Good morning. It's Friday, April. 5 and we're covering 3 money moves to make in your 30s, adopting these money-making habits for entrepreneurial success, clobbering NY housing, and much more. First time reading? [Sign up here](. Stock Market Update Market Performance: April 4, 2024. Stocks tumbled on Thursday in a bout of volatile trading ahead of the March jobs report. A spike in oil prices and fears the Federal Reserve could hold off on interest rate cuts also dented investors’ sentiment. The Dow Jones Industrial Average lost 530.16 points, or 1.35%, to close at 38,596.98. The 30-stock Dow suffered its worst session since March 2023, and it logged its fourth consecutive losing day. The S&P 500 dropped 1.23% to end at 5,147.21. The tech-heavy Nasdaq Composite dipped 1.40% to close at 16,049.08. The three major averages took a sharp downturn late in the session, falling more than 2% off their intraday highs. Between its highs and lows of the day, the Dow swung more than 860 points. [Crude oil jumped midday, which coincided with the rollover in stocks Thursday.]( WTI oil topped $86 a barrel to reach its highest level since October, raising concerns about energy prices helping to reaccelerate inflation. Financial Maverick Insights 3 money moves to make in your 30s to set yourself up for financial success Your 30s are a decade often marked by big financial steps, from buying your first home to switching jobs to saving for future children. [Here are three smart things to do with your cash as a thirtysomething, according to two certified financial planners.]( Continue eliminating debt While paying off debt should also be a focus for those in their 20s, you could be even better positioned in your 30s to focus on tackling outstanding payments, because you’re likely making more money, says Andrew Fincher, a CFP and financial advisor at VLP Financial Advisors. When you’re in your 30s and you have the ability to pay down more, that’s a great time frame to really try to not have that debt extended into your 40s. Consider opening a 529 account If you have or plan on having children, your 30s are a good time to think about opening a 529 college savings account to fund their future education — especially given that the average cost of college in the U.S. is over $36,000 per year and growing. A 529 plan is a tax-advantaged savings account sponsored and operated by all 50 states and the District of Columbia. Earnings and withdrawals from a 529 are tax-free if they are used for qualified education expenses. If you open a 529 account when your child is born, you’ll have around 18 years to save and grow your investments. Boost your retirement savings Your 30s are a great time to make sure your retirement savings are on track, and to potentially boost them. If your employer offers a 401(k) match, where it contributes money to the 401(k) based on how much you put in, make sure you’re maximizing it. “Look at trying to improve [your company retirement plan],” says says Joe Conroy, CFP and author of “Decades & Decisions: Financial Planning At Any Age.” “Maybe save 1% more every year for a couple of years to pump up your savings and get it to a better rate,” Conroy adds. Start The Year Strong — Adopt These Money-Making Habits for Entrepreneurial Success in 2024 I’m not a billionaire, and I don't run a huge company. My ten-person tech consulting firm is small — tiny compared to many others. But I've been running it for more than two decades, and it's provided a very good livelihood for my family. As 2023 ends, I'm already getting ready for 2024. [And I'm re-affirming these tried and true habits that I've practiced over the years to ensure that I'm able to still grow and profit.]( Start the day at 5 am I've been getting up at 5 am since, well, forever. The early morning is the time when I'm most productive. Everyone's asleep in the house. There are no emails or phone calls. I can focus on writing and other deeper thinking exercises. I do this right away after I get up. I get more done between 5 am and 7 am than most parts of the day. Do accounting Running a business involves passion and commitment. But in the end, the most important thing is math. Maybe I'm too subjective because I'm a certified public accountant, but I've found that my best and most profitable clients know their numbers. They watch sales daily. They get cash flow reports weekly. They track job costs. They analyze margins. Visit clients Maybe I'm too old school, but I've found that I always close more sales, and I keep longer-term relationships when I meet people face to face. Online meetings definitely serve a purpose. But humans physically like to be with humans. Lean into AI AI will dominate my technology strategy this year. I'm digging deep into my CRM and accounting software and researching with my vendors what AI tools they're rolling out to save me time and help my people be more productive. Real Estate News ‘It’s About Connection’: Realtor Esther Shayowitz Shares Her Secret to Success - The Jewish Link Esther Shayowitz has always been in the real estate world, long before she became a top-performing realtor herself. 90% of homebuyers have historically opted to work with a real estate agent or broker. Here’s why that's unlikely to change, according to the National Association of Realtors The $418 million NAR settlement has led some to speculate that real estate agents are at risk of becoming obsolete. Even a tweaked ‘Good Cause’ rent-control bill will clobber NY housing Everyone agrees New York’s housing market is broken, yet lawmakers are intent on breaking it more — via the deceptively named “Good Cause Eviction” bill they aim to pass as part of the budget.… Personal Finance Tips 8 Tips for Investing in Your 40s and 50s Key financial priorities for investors in the peak earnings years of their 40s and 50s. Tax Help Provided For Eligible Taxpayers - Door County Pulse AARP Foundation Tax-Aide provides tax assistance to anyone free of charge with a focus on taxpayers if they are over 50 and have low-to-moderate income. How Much Do Social Media Influencers Make? Social media influencers are in demand, with brands seeking more sponsored content. Learn how much social media stars earn and how they make their money. Alternative Investing 7 Best Ways To Make Money in Tech That Are Worth Pursuing In 2024 Technology jobs are always in demand. Artificial intelligence, blockchain and cybersecurity are just a few of the new technologies that worth pursuing. The Richest Crypto And Bitcoin Billionaires In The World 2024 Meet the 17 investors and entrepreneurs who made ten-digit fortunes on the blockchain. Amazon Expands Investment in AI Firm Anthropic to $4 Billion Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. Did you ever invest in the AI Firm Anthropic? [Yes]( [No]( Reach Over 100,000 Financial Mavericks Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. 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