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You May Lose Everything....
Why Increasing Financial Education Is Key, Bitcoin Making Moves, Videos Games Crashing And More...
The Daily Ninja 6/26/24
Updates From The Economic Ninja
(6/25/2024)
๐ธ The opening of second mortgages is like "money raining down on this country," but it comes with the risk of people losing everything.
๐ฐ People will be paying off debt by tapping into their home, changing the way they pay interest, due to inflation squeezing their household finances.
๐ฆ Home equity line of credit or second mortgage, despite higher interest rates, can be a useful tool to pay off debt if managed properly.
๐ Increasing financial education is crucial to raising the bar and addressing these issues in America.
๐ People tapping into their home equity to pay off debts and the potential impact on interest rates.
๐ The increase in car payments could lead to an acceleration of a real estate crash due to people owing more on their homes as prices fall.
(6/25/2024)
๐ The next move for Bitcoin and crypto is going to be absolutely monstrous, despite the current price fluctuations.
๐ฐ Wall Street is finally moving in on Bitcoin in a big way, signaling a shift in the financial industry.
๐ฐ The early skepticism and missed opportunities with Bitcoin: "I tried talking some f some buddies into buying it at four bucks. Everyone laughed at me and sadly I listened to their laughter I Was a Fool."
๐ The invention of the ETF is pulling Bitcoin off the market, causing a big problem for individual investors.
๐ฐ The early investors who bought Bitcoin for under $10 think differently about the monetary system and have likely continued to invest and hold onto their cryptocurrency.
๐ธ Bitcoin cannot be printed out of thin air like the federal reserve's US dollar, which was just hacked.
Learn more about Bitcoin and trading crypto in Ninjaโs *Crypto Trader Pro Course*
(6/25/2024)
๐ฎ Video game sales are falling off a cliff, a telling sign of the economic collapse we are already in.
๐ Sony is set to abandon the PlayStation VR2 headset after a rough sales period, despite it being fairly new and boasting impressive titles.
๐ฎ The future of VR development and first party titles for Playstation is uncertain, leading to potential disappointment for gamers.
๐ Video game sales in Europe dropped nearly 17% year-over-year, reflecting a changing trend in consumer spending habits.
๐ฎ People are pulling back on discretionary spending, indicating a larger problem in the economy.
๐ธ The decrease in spending on video games is a sign of a looming economic problem.
(6/25/2024)
๐ 2,000 employees lost their jobs overnight as a trucking company abruptly shut its doors with no prior notice, highlighting the vulnerability of workers in the face of economic downturns.
๐ 2000 people were blindsided and notified of the company's closure via conference calls or text messages, leaving them without jobs.
๐ฐ Can you imagine being laid off and not getting a paycheck for the last week or two that you've been working?
๐ The abrupt closure of the trucking company left 2000 professionals devastated and heartbroken.
๐ฐ Private ownership allows companies to shut down overnight without considering the impact on employees, showing a lack of care and empathy.
๐ฐ Hedge funds are using debt to buy companies and are putting employees' jobs at risk.
๐ฐ Forward Air was selling its pool distribution unit to Ten Oaks group for 20 million, with up to 12 million earned out dependent upon Financial performance.
๐ฐ Being financially prepared and getting out of debt is crucial to weathering unexpected challenges and seizing opportunities.
(6/25/2024)
Go Subscribe To Grounded Beef- Heโs A Long Time Subscriber And 4th Generation Farmer Helping Build & Feed America The Right Way.
In this video he shares some lessons and insights he has learned from following my channel.
๐ค "Shut your mouth and listen to people that are smarter than you if you want to be wealthy."
๐ฑ The realization that you don't know what you don't know can be a powerful motivator for personal growth and development.
๐ฐ The idea of buying digital currency like Digi can be controversial and cause conflict within relationships.
๐บ Staying till the end of the videos gave life-changing nuggets of information.
๐ฝ๏ธ Sometimes the best advice comes from unexpected places, like the people around you who are willing to help.
๐จโ๐พ "I came from literally nothing so I will show you all how to do this."
Keep Crushing It!
-Ninja Out