Money on Autopilot, 5 Home Rules, and Social Media Advice

Best Finance Blogs to Increase Your Money Skills                                                                                                                                                                                                                                                                                                                                                                                                                 February 21, 2024 | [Read Online]( Good afternoon. It's Wednesday, Feb. 21, and we're covering how personal finance advice on social media can help you even when it's bad, why capital investment influences economic growth, 5 home buying rules to navigate the 2024 real estate market, and much more. First time reading? [Sign up here](. Stock Market Update Market Performance: February 20, 2024. Stocks ended mostly higher on Wall Street Wednesday after a listless day of trading with big technology stocks again acting as a heavy weight on the market. The S&P 500 rose 6.29 points, or 0.1%, to 4,981.80. The benchmark index spent much of the day in losing territory before climbing higher just before markets closed. [The Dow Jones Industrial Average also eked out a slight gain]( after losing ground most of the day. It rose 48.44 points, or 0.1%, to 38,612.24. Financial Maverick Insights Personal finance advice on social media can help you even when it's bad It’s no secret that the younger generation of consumers is increasingly turning to social media to learn about their own personal finances. A 2023 retail investor survey by robo-advisor Betterment found that more than half of Gen Z (65%) and millennials (55%) get advice from social media. And with more and more money trends taking over social media apps today and influencing how we “should” be using our money — “bougie broke” scenes, “no-spend” challenges, “make the money back” mindset, “cash stuffing” method, “girl math” and so on — we wanted to know when social media money advice is worth it and how it can play a role in our money decisions. When social media money advice works While plenty of people scroll their phones for personal finance advice, they’re (thankfully) keeping a skeptical attitude. In the Betterment survey, social media ranks as one of the least trusted sources of financial information, with financial advisors and friends and family marking the most trustworthy front-runners. See social media as the first step [Social media’s influence on our personal finance actions being]( a good or bad thing really boils down to how you interpret the advice or trend. How Capital Investment Influences Economic Growth Economic growth, as measured by gross domestic product (GDP), is spurred by an increasing production of goods and services. Consumer spending, international trade, and businesses that invest in capital impact the flow of supply and demand. If consumers buy more homes, revenue increases in the construction market and for contractors. As companies expand their products and services through capital investment, they may hire more employees and increase salaries or wages. What Is Capital Investment? Capital investment occurs when businesses purchase capital goods like buildings, machinery, equipment, vehicles, and tools. These tangible assets are used to produce goods or services. Capital investment is a means for a company to further its business objectives. Gross Domestic Product (GDP) [Gross domestic product is the total monetary or market value]( of all the finished goods and services produced within a country in a given period. The U.S. government releases an annualized GDP estimate for each quarter and year. GDP is a comprehensive scorecard of an economy's economic health and growth. Real Estate News Use These 5 Home Buying Rules To Navigate The 2024 Real Estate Market While the housing market has gone from bad to terrible for many aspiring home buyers, this may be the year you can reset your real estate priorities. More real estate agents are switching brokerages: Relitix - HousingWire Real estate agents are becoming more confident in the market. That's why the Relitix Agent Movement Index is seeing more switch brokerages. Real Estate Vision Board 2023 | Great for Agent Goal Setting A real estate vision board 2023 for your business provides clarity, focus, motivation and inspiration for your real estate practice. Personal Finance Tips Money on Autopilot: The Future of AI x Personal Finance | Andreessen Horowitz Thanks to generative AI, the much-discussed topic of “self-driving money” finally has a chance to achieve its potential. Teaching Personal Finance: Tips for How to Do It It’s never too late to master financial literacy. Whether you are an educator or friend looking to help, use tools like real-world examples and lesson plans to teach money management basics. 10 Best Personal Finance Blogs to Increase Your Money Skills | The Motley Fool Want to get out of debt, save for the future, and master your finances? Follow these 10 personal finance blogs to grow your financial knowledge. Alternative Investing Elon Musk's X To Partner OpenAI Rival Midjourney Revolutionizing AI Space Elon Musk's X teases partnership with Midjourney, sparking AI competition with OpenAI in social media innovation. How to Use Artificial Intelligence in Your Investing in 2024 Embrace the future of investing by utilizing artificial intelligence. Nvidia's Hotly Anticipated Earnings May 'Trigger' Bitcoin and Crypto Correction, Analyst Says 'The most important stock on Earth' could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, QCP Capital said. Will you use Artificial Intelligence in your investing in 2024? [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. [Get In Touch]( Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! 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