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How to 20x Your Savings: Money Done The Right Way

How to 20x Your Savings: Money Done The Right Way

PLUS: FREE Money Management Tool That Will Make You Money!

Ryan Rincon
August 16, 2024

Today’s Sponsor

👋Welcome Back,

Hello and welcome back, today we have for you something extremely special. We have a new segment of our article called “Daily Workout”. Exercising daily is extremely important towards achieving wealth. Please be sure to check out todays sponsor Money Pickle.

Don’t Miss Out and stay with it to the very end!

👇Today’s Post Below👇

💡Today’s Investment Tip

Stop waiting around to invest. People who wait for things to come to them often wait there entire lives. Don’t be that type of person.

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🔥📚Knowledge Booster😀

Book: The 48 Laws of Power - Chapter/Law 31

Control the Options: Get Others to Play with the Cards You Deal

This law suggests that by offering people limited choices that all lead to your desired outcome, you can maintain control over situations while giving others the illusion of autonomy. By carefully presenting the options, you guide their decision-making process in a way that benefits you, regardless of what they choose. This tactic prevents others from realizing they are being manipulated and ensures that you remain in charge of the outcome. Controlling the options allows you to steer interactions and decisions to your advantage, while others believe they are making their own independent choices.

📰Business & Finance News Update

Stock Update On August 16, 2024, U.S. stocks saw mixed results. The S&P 500 closed slightly lower by 0.2%, reflecting continued caution among investors ahead of key economic data releases. The Nasdaq Composite dropped by 0.5%, weighed down by declining tech shares, particularly in semiconductor companies. In contrast, the Dow Jones Industrial Average rose by 0.3%, bolstered by gains in energy stocks, which benefited from rising oil prices amid supply concerns in global markets.

Real Estate Update The U.S. real estate market experienced a cooling trend, as reported in recent housing data. The National Association of Realtors (NAR) indicated a 1.1% drop in existing home sales for July 2024, marking the third consecutive monthly decline. Rising mortgage rates and persistent inflation have dampened buyer interest, leading to a slowdown in home price growth. This trend reflects broader economic uncertainties and signals a potential shift toward a buyer's market.

Economy Update In economic news, the U.S. announced new sanctions aimed at cutting off financing to Iranian-backed militias. These sanctions target companies and individuals involved in shipping Iranian commodities that fund groups like Hezbollah. The move is part of a broader strategy to limit Iran's influence in the Middle East, particularly in Lebanon and Yemen. Meanwhile, the U.S. State Department approved a significant arms deal with Germany, involving the sale of up to 600 Patriot air defense missiles for $5 billion, further strengthening NATO's defensive capabilities in Europe.

Additional Update In political developments, the Election Commission of India announced that Jammu and Kashmir will hold its first assembly elections since it became a Union Territory in 2019. The elections, scheduled to be held in three phases from September 18 to October 1, 2024, are expected to be a significant political event in the region, with major parties vying for control.

📖Today’s Post: