The basic takeaway: You want more market updates and industry trends delivered in a brief and succinct way that allows you to speak and act more intelligently as an advisor.
So we’re brewing up a new flavor this week ☕
You might like it….or you might hate it.
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Best Thing I Read All Week
Dad Loses 80 Pounds to Become Kidney Donor For Sick Son
Hunter Kablutsiak, 16, was diagnosed with stage 5 kidney disease in 2020, which left his kidney operating at just 16%.
And while his dad, Daniel, was a blood type match, doctors said he had to be under 200 pounds to be a donor.
The only problem? He was hovering around 275 pounds.
But don’t underestimate a determined father. Daniel lost 80 pounds and the transplant is now scheduled for June.
“I’m really, really happy for my son,” he said. “I don’t care about myself, but as for my son, donating a kidney so he can be a regular teenager without having to take these 10 pills a day and stuff like that.”
More Women Making Bank…
But Still Doing the Heavy Lifting at Home
So, it turns out that even though women are bringing home more bacon than ever before, they’re still the ones frying it up in the pan 🥓
According to a new report, almost three times as many women are now the breadwinners in their households compared to 50 years ago.
But let’s not get too excited…
55% of men are still the big earners in their marriages. It’s like a classic game of Monopoly, except the fellas get to start with more money.
And if you thought the wage gap was bad, just wait until you hear about the “chore gap.”
Apparently, even when both partners earn about the same amount, women are still doing about 2 extra hours of caregiving and 2.5 more hours of housework every week.
C’mon, men. We can do better.
Financial Fact: On average, women save $3,146 annually compared to the $7,007 saved by men. This is partially due to something experts dub the “motherhood penalty.”
With newborn children requiring around-the-clock care and few employers offering adequate parental leave, women often absorb more childcare-related expenses, which negatively impacts their ability to save
Series I Bonds Set to Drop to 3.8% Amid Falling Inflation
It looks like the I bonds’ “golden era” is fading away, and it’s not just because grandpa fell asleep with his bonds again.
After peaking at a whopping 9.62%, the rates on Treasury I savings bonds are set to drop faster than a toddler on a slide. We’re talking about a slip from 6.89% to right around 3.8%.
Now, millions of Americans are left pondering the eternal question: CDs, HYSA, or Treasury Bills? It’s like trying to choose between your favorite movies – except in this case, there’s no popcorn and candy.
(Here’s a decent head-to-head comparison.)
▶️List of today’s top HYSA rates
▶️List of today’s best CD rates
A recent Bankrate survey shows that a whopping 68% of parents have sacrificed their finances to help out their adult children. Talk about a parent trap!
Interestingly, Baby Boomers and Gen Z are worlds apart when it comes to financial milestones.
Boomers think you should start paying your credit card bill at 19, but Gen Z is all like, “Nah, let’s wait until we can legally drink at 21.”
And don’t even get them started on housing expenses – Boomers say 21, Gen Z says 23.
As for auto insurance? Boomers say 19, but Gen Z is like, “Just chill! Can we enjoy our early-20s. We promise we’ll start at 22.”
The best advice for parents? Stand your ground.
“Remember that saying about putting your oxygen mask on before helping others,” says Ted Rossman, Senior Industry Analyst. “While we of course want to be empathetic and help our kids, sometimes financial assistance goes too far.”
Weekly ChatGPT Prompt 🤖
ChatGPT can be a handy tool to help create content to grow your practice. So here’s a prompt you can try to up your writing game.
Prompt: I’m a [your title] who helps [your niche] + [thing you help your clients do]. Give me 20 blog post topic ideas.
Example: I’m a financial advisor who helps doctors plan for retirement. Give me 20 blog post topic ideas.
Try It Here!
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Always be growing,
Jeremiah D. Desmarais
#1 in ROI-Driven Training for Advisors