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)

  • ๐Ÿ’ธ The opening of second mortgages is like "money raining down on this country," but it comes with the risk of people losing everything.

  • ๐Ÿ’ฐ People will be paying off debt by tapping into their home, changing the way they pay interest, due to inflation squeezing their household finances.

  • ๐Ÿฆ Home equity line of credit or second mortgage, despite higher interest rates, can be a useful tool to pay off debt if managed properly.

  • ๐Ÿ“ˆ Increasing financial education is crucial to raising the bar and addressing these issues in America.

  • ๐Ÿ  People tapping into their home equity to pay off debts and the potential impact on interest rates.

  • ๐Ÿ“‰ 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)

  • ๐Ÿ“ˆ The next move for Bitcoin and crypto is going to be absolutely monstrous, despite the current price fluctuations.

  • ๐Ÿ’ฐ Wall Street is finally moving in on Bitcoin in a big way, signaling a shift in the financial industry.

  • ๐Ÿ’ฐ 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."

  • ๐Ÿ“‰ The invention of the ETF is pulling Bitcoin off the market, causing a big problem for individual investors.

  • ๐Ÿ’ฐ 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.

  • ๐Ÿ’ธ Bitcoin cannot be printed out of thin air like the federal reserve's US dollar, which was just hacked.

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(6/25/2024)

  • ๐ŸŽฎ Video game sales are falling off a cliff, a telling sign of the economic collapse we are already in.

  • ๐Ÿ“‰ Sony is set to abandon the PlayStation VR2 headset after a rough sales period, despite it being fairly new and boasting impressive titles.

  • ๐ŸŽฎ The future of VR development and first party titles for Playstation is uncertain, leading to potential disappointment for gamers.

  • ๐Ÿ“‰ Video game sales in Europe dropped nearly 17% year-over-year, reflecting a changing trend in consumer spending habits.

  • ๐ŸŽฎ People are pulling back on discretionary spending, indicating a larger problem in the economy.

  • ๐Ÿ’ธ The decrease in spending on video games is a sign of a looming economic problem.

(6/25/2024)

  • ๐Ÿ˜ž 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.

  • ๐Ÿšš 2000 people were blindsided and notified of the company's closure via conference calls or text messages, leaving them without jobs.

  • ๐Ÿ’ฐ Can you imagine being laid off and not getting a paycheck for the last week or two that you've been working?

  • ๐Ÿ˜ž The abrupt closure of the trucking company left 2000 professionals devastated and heartbroken.

  • ๐Ÿ’ฐ Private ownership allows companies to shut down overnight without considering the impact on employees, showing a lack of care and empathy.

  • ๐Ÿ’ฐ Hedge funds are using debt to buy companies and are putting employees' jobs at risk.

  • ๐Ÿ’ฐ 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.

  • ๐Ÿ’ฐ 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- Heโ€™s 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.

  • ๐Ÿค‘ "Shut your mouth and listen to people that are smarter than you if you want to be wealthy."

  • ๐ŸŒฑ The realization that you don't know what you don't know can be a powerful motivator for personal growth and development.

  • ๐Ÿ’ฐ The idea of buying digital currency like Digi can be controversial and cause conflict within relationships.

  • ๐Ÿ“บ Staying till the end of the videos gave life-changing nuggets of information.

  • ๐Ÿฝ๏ธ Sometimes the best advice comes from unexpected places, like the people around you who are willing to help.

  • ๐Ÿ‘จโ€๐ŸŒพ "I came from literally nothing so I will show you all how to do this."

Keep Crushing It!

-Ninja Out

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