The Daily Ninja 6/26/24
Updates From The Economic Ninja
(6/25/2024)
💸 The opening of second mortgages is like "money raining down on this country," but it comes with the risk of people losing everything.
💰 People will be paying off debt by tapping into their home, changing the way they pay interest, due to inflation squeezing their household finances.
🏦 Home equity line of credit or second mortgage, despite higher interest rates, can be a useful tool to pay off debt if managed properly.
📈 Increasing financial education is crucial to raising the bar and addressing these issues in America.
🏠 People tapping into their home equity to pay off debts and the potential impact on interest rates.
📉 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)
📈 The next move for Bitcoin and crypto is going to be absolutely monstrous, despite the current price fluctuations.
💰 Wall Street is finally moving in on Bitcoin in a big way, signaling a shift in the financial industry.
💰 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."
📉 The invention of the ETF is pulling Bitcoin off the market, causing a big problem for individual investors.
💰 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.
💸 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 Ninja’s *Crypto Trader Pro Course*
(6/25/2024)
🎮 Video game sales are falling off a cliff, a telling sign of the economic collapse we are already in.
📉 Sony is set to abandon the PlayStation VR2 headset after a rough sales period, despite it being fairly new and boasting impressive titles.
🎮 The future of VR development and first party titles for Playstation is uncertain, leading to potential disappointment for gamers.
📉 Video game sales in Europe dropped nearly 17% year-over-year, reflecting a changing trend in consumer spending habits.
🎮 People are pulling back on discretionary spending, indicating a larger problem in the economy.
💸 The decrease in spending on video games is a sign of a looming economic problem.
(6/25/2024)
😞 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.
🚚 2000 people were blindsided and notified of the company's closure via conference calls or text messages, leaving them without jobs.
💰 Can you imagine being laid off and not getting a paycheck for the last week or two that you've been working?
😞 The abrupt closure of the trucking company left 2000 professionals devastated and heartbroken.
💰 Private ownership allows companies to shut down overnight without considering the impact on employees, showing a lack of care and empathy.
💰 Hedge funds are using debt to buy companies and are putting employees' jobs at risk.
💰 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.
💰 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- He’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.
🤑 "Shut your mouth and listen to people that are smarter than you if you want to be wealthy."
🌱 The realization that you don't know what you don't know can be a powerful motivator for personal growth and development.
💰 The idea of buying digital currency like Digi can be controversial and cause conflict within relationships.
📺 Staying till the end of the videos gave life-changing nuggets of information.
🍽️ Sometimes the best advice comes from unexpected places, like the people around you who are willing to help.
👨🌾 "I came from literally nothing so I will show you all how to do this."
Keep Crushing It!
-Ninja Out




