Amazon just went supersonic. $2,000,000,000,000 (That's a lot of zeros...)

Welcome to our latest edition, in case you missed it, here’s last week’s article: Nvidia Outshines Apple, and Tesla 📈

If you’ve already read it, here are…

🪙 3 trending finance reads    
🪙 2 game-changing concepts 
🪙 1 weekly spotlight story

Reading time: 3 minutes 15 seconds

Did you know that 78% of Americans live paycheck to paycheck?

Dive into this week's game-changing finance concepts and learn how to break free from the cycle.

Let’s dive in. ⬇️

MAJOR HEADLINES

1. On Wednesday, Amazon surpassed $2 trillion in market value

2. Treasury Secretary Janet Yellen spilled the beans on why we're all feeling the pinch.

3. AI Trading Bot Galileo FX: Turning $5K into $38K Faster Than You Can Say "Bull Market"

Amazon’s Market Value Breaks $2 Trillion

Amazon Inc. just hit a jaw-dropping milestone—$2 trillion in market value. That's trillion with a "T." This makes Amazon the fifth U.S. company to reach this elite status.

Why the surge? Blame it on the buzz around artificial intelligence and the hope for interest rate cuts. Investors are gobbling up tech stocks like they're on sale.

Amazon's stock soared 3.9%, landing at $193.61 per share. Now, the e-commerce titan stands shoulder to shoulder with the likes of Microsoft, Apple, Nvidia, and Alphabet.

Why Your Groceries Cost More - Janet Yellen Spills the Beans

Groceries got you feeling the squeeze? Treasury Secretary Janet Yellen reveals the culprits behind those skyrocketing prices in an exclusive chat with Yahoo Finance's Jennifer Schonberger.

The main offender? Higher labor costs. But don't rule out some sneaky profit margin hikes either.

Yellen isn't about to hand out government subsidies to fix the issue. Nope, she's all about letting market forces duke it out.

She gives a nod to companies like Target for slashing prices on must-haves, saying that's the kind of hero move that actually helps households.

So, forget the government swooping in to save the day; Yellen's betting on the free market to balance the scales.

AI Trading Bot Rakes in $38,000 in a Week, Outshines the Pros

Galileo FX's Stellar Performance

• Meet Galileo FX, the AI trading bot that turned a $5,000 investment into $38,000 in just one week. Verified by MyFxBook.

• From January 23 to June 11, 2024, it transformed $1,000 into $5,600 – a whopping 560% increase!

How It Works

• Galileo FX uses cutting-edge AI to predict market trends and trade autonomously.

• Unlike traditional investing, it trades frequently and operates 24/7, maximizing opportunities.

• Offers various trading speeds and requires minimal attention.

User Experience

• Easy setup and instant profit potential.

• With 8,000 downloads, it's generating millions in daily profits.

• Initially met with skepticism, but MyFxBook's verification won over many traders.

Market Buzz

• Rumors are swirling about a major US hedge fund eyeing the algorithm.

• Still available for purchase on the official website.

CONCEPTS

The 50-30-20 rule promotes an increase in savings and debt reduction, while helping build an emergency fund, save for retirement, and manage debt effectively.

Leverage the 50-30-20 rule to eliminate your financial anxieties and live a more worry-free life.

Take your net income, add 50% for essentials, 30% for discretionary spending, and 20% for savings and debt repayment.

A couple of tips for ya:

Do’s: Make sure essential expenses like housing, groceries, utilities, and healthcare are covered within the 50% needs category.

Dont’s: Don’t neglect debt repayment; it should be a key part of your 20% savings and debt category.

Remember, life circumstances can change.

Be prepared to adjust your budget as needed rather than sticking rigidly to the plan.

Ever wondered what you would do if you lost your job and had a family to support?

Even without a family, it could still be at minimum a few months to land your next job…

It's a scenario that highlights the critical importance of having a robust emergency savings fund.

A couple of thoughts here:

Do’s: Put the money to work in a high-APY savings account (Here are some options)

Dont’s: Put the money in a shoebox under your mattress, or bury it in your backyard. You may laugh but I’ve heard of this type of behavior before. 🤣 

P.S. Get your hands on our FREE Budgeting Spreadsheet and create a rock-solid budget quickly!

If you’re finding value in this content please,

⬇️ 

SPOTLIGHT

A marketer and a programmer enter a bar… Origin Story behind Click Funnels

Russell Brunson and Todd Dickerson, co-founders of Click Funnels, embody the spirit of entrepreneurial perseverance.

Starting with ventures like potato guns and email software, they learned valuable lessons from each failure.

Click Funnels, introduced in 2014, addressed a critical need for entrepreneurs by simplifying the creation of sales funnels without requiring advanced technical skills.

Despite setbacks with earlier products such as "Micro-Continuity" and "DotComSecrets X," they persisted.

Their journey underscores the importance of resilience and learning from setbacks in achieving business success.

Their story inspires, showing that persistence and adaptation are key to turning entrepreneurial vision into reality.