June 1st 2025

Welcome Back,

Happy Sunday, everyone! 🌻
Good morning! I hope today greets you with a second cup of coffee and zero obligations before noon.

Quick question for your brain while your body is still in cozy mode: What if building wealth could get easier the longer you did it?

Sounds like a dream, right? But it’s not—it’s called the Wealth Flywheel, and it’s what we’re diving into today. Think of it like pushing a merry-go-round: tough at first, but once it’s spinning, it practically goes on its own.

So let’s talk about how to get yours turning—and why the hardest part is just getting started.

“Risk comes from not knowing what you're doing.”
— Warren Buffett

You can be busy or you can be effective — rarely both.
In work, investing, or life, are you moving with purpose… or just moving?

— Ryan Rincon, CEO and Founder at The Wealth Wagon Inc.

Market Update

Market Update: Markets slipped today with the Nasdaq and S&P 500 both closing slightly lower, while the Dow Jones edged up 0.13%. Bitcoin extended its decline, falling 1.40%, alongside drops in gold and silver. Nike and PayPal also saw notable losses, each down nearly 1.4% and 0.9% respectively. Verizon stood out as a rare bright spot, gaining 1.45%. Overall sentiment remains cautious as investors digest ongoing volatility across sectors.

PRESENTED BY STARTENGINE

StartEngine’s $30M Surge — Own a Piece Before June 26

Private markets are having a moment, thanks to companies like StartEngine.

The leading alternative investing platform is helping everyday investors like you access deals once reserved for VCs and insiders, including exposure to private market titans like OpenAI, Databricks, and Perplexity.¹

How’s it going? In Q1 2025, StartEngine pulled off $30M in revenue, its biggest quarter ever (based on unaudited financials).²

But StartEngine isn’t just a middleman. The company earns 20% carried interest on select pre-IPO offerings, unlocking value for shareholders when these deals succeed.³

How can you tap into this diversification play? By investing in StartEngine.

StartEngine has crowdfunded $85M+ to date, and you can join 45K+ shareholders before the company’s current round closes on June 26.

Invest in StartEngine

_{Reg A+ via StartEngine Crowdfunding, Inc. No BD/intermediary involved. Investment is speculative, illiquid & high risk. See OC and Risks on page.}

Government

PBS Sues Trump Administration Over Public Broadcasting Funding Cuts

Legal Battle Centers on the Future of Educational and Cultural Programming

PBS (Public Broadcasting Service) has officially filed a lawsuit against the Trump administration in response to an executive order that enforces significant cuts to public media funding. This legal move represents more than just a budget dispute — it’s a high-stakes confrontation over the role and value of public broadcasting in American society.

What the Lawsuit Claims:

PBS’s legal filing argues that the executive order:

• Unconstitutionally targets public media, bypassing Congressional authority over federal spending.

• Jeopardizes access to educational programming, especially in rural and underserved communities where public broadcasting may be the only free, reliable source of news, cultural content, and children’s learning.

• Threatens public service journalism, which PBS says plays a vital role in an increasingly fragmented and polarized media landscape.

Broader Implications:

• For Families: Shows like Sesame Street, NOVA, and PBS NewsHour could face production cuts or even cancellation if funding dries up.

• For Local Stations: Many PBS affiliates rely heavily on federal funds to stay on air — a cut could mean station closures and job losses.

• For Democracy: Advocates argue that public media serves as a nonpartisan platform for civic education and free expression.

A Larger Debate:

Supporters of the Trump administration’s move claim that public broadcasting should be self-sustaining in a competitive media market. However, critics warn that removing federal support undermines one of the last remaining media institutions not driven by profit or political advertising.

Tech

BDO Commits $1 Billion to AI Innovation Strategy

Accounting and Consulting Firm Embraces the Future with Major Tech Push

BDO, one of the world’s largest accounting and advisory networks, has just revealed plans to invest $1 billion into artificial intelligence over the coming years. The goal? To embed AI across its global operations and improve client-facing services.

Highlights of BDO's AI Strategy:

• Automation of Routine Tasks: AI will handle tasks like data entry, audit trail validation, and risk detection — freeing up professionals for higher-value work.

• Smarter Insights for Clients: Predictive analytics and AI-enhanced reporting will allow for faster, more personalized business advice.

• Employee Enablement: BDO also plans to upskill its workforce to use AI tools effectively and responsibly.

Why It’s a Big Deal:

• This is one of the largest AI investments in the professional services industry to date.

• It reflects a paradigm shift in how consulting and accounting firms operate, embracing technology not just as a tool, but as a core business strategy.

AI

Anthropic Hits $3 Billion Annualized Revenue Milestone

AI Powerhouse Continues Rapid Rise as Enterprise Adoption Surges

Anthropic, the AI research and development firm behind advanced language models, has announced that it has reached $3 billion in annualized revenue, a major leap driven by strong enterprise demand for AI solutions.

What’s Driving the Growth?

• Business Integration: Corporations across industries are integrating Anthropic’s AI into customer service, automation, content generation, and decision-making tools.

• Model Performance: Known for its safe and controllable AI systems, Anthropic’s offerings are appealing to businesses looking for responsible AI deployment.

• Strategic Partnerships: Collaborations with cloud providers and software vendors have expanded the company’s reach significantly.

What It Signals About the Industry:

• AI is no longer a niche tool — it’s becoming a critical infrastructure layer for businesses worldwide.

• Anthropic's success reinforces the idea that specialized AI firms can compete with — and even outpace — tech giants in specific domains.

Personal Finance

Top CD Rates Reach 4.65% — A Strong Option for Savers

Short-Term, Low-Risk Investment Yields Are at Their Highest in Years

As of May 30, 2025, leading certificate of deposit (CD) offerings have hit 4.65% APY for 6-month terms, making them one of the most appealing low-risk investment choices currently available.

Why CDs Are Attracting Attention:

• High Yields with Low Risk: In a volatile market, CDs provide guaranteed returns without exposure to stock fluctuations.

• Short-Term Commitment: A 6-month term means investors don’t have to lock up funds long-term while still benefiting from attractive rates.

• FDIC Insurance: For eligible banks, deposits are insured up to $250,000, adding a layer of security.

Who Should Consider CDs?

• Savers looking for safe parking spots for cash during uncertain times.

• Retirees or conservative investors seeking predictable income.

• Anyone wanting to diversify their short-term investment strategy.

National

Elon Musk Resigns from White House Role After Cost-Cutting Mission

Tech Mogul Steps Down Following Controversial Federal Overhaul

Elon Musk has officially resigned from his advisory role in the White House, concluding a tenure marked by bold policy shifts, outspoken opinions, and a heavy focus on reducing federal spending.

What He Accomplished:

• Aggressive Budget Cuts: Musk advocated for major reductions across federal departments, focusing on streamlining operations and cutting perceived “bureaucratic waste.”

• Private-Sector Influence: His presence brought Silicon Valley-style disruption to Washington, prioritizing tech-led solutions in federal strategy.

• Mixed Reception: While some praised his ambition and efficiency mindset, others criticized his approach as too abrupt and lacking in policy nuance.

What’s Next?

• Musk is expected to refocus on his core ventures — including Tesla, SpaceX, and xAI.

• Political insiders speculate he may remain an influential figure in policy circles through informal channels or future initiatives.

PRESENTED BY IGNITION

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Today’s Snapshot

The Wealth Flywheel: How to Build Momentum That Makes You Richer Every Year

Most people think wealth is built from a few big decisions.

But the truth?

Wealth is built from momentum.

Small, smart moves made consistently → turn into systems → turn into compounding → turn into freedom.

The wealthy use what I call the Wealth Flywheel—a cycle of habits and decisions that get easier, faster, and more rewarding the longer you do them.

Once it’s spinning, it’s hard to stop.

🔄 What Is a Wealth Flywheel?

A flywheel is a concept from physics and business.

• It starts slow.

• But as you keep pushing, it gains speed.

• Eventually, it spins on its own with minimal effort.

In business, companies like Amazon and Tesla used flywheels to dominate their industries. In personal finance and wealth building, you can do the same.

🧱 The 5 Stages of the Wealth Flywheel

Here’s how the personal Wealth Flywheel works:

1. Make Money

You need a cash engine to fuel everything else. This could be:

• A high-paying job

• A service-based business

• Freelancing or side hustle

• Sales, consulting, commissions

You can’t save or invest what you haven’t earned.

The goal is to build a reliable active income that covers your lifestyle and gives you surplus to deploy.

2. Keep More Money

This is where most people fall short.

Making $200K/year but spending $195K isn’t wealth—it’s stress.

Wealthy people optimize their cash flow:

• Know their numbers

• Avoid lifestyle creep

• Use tax strategies and legal entities

• Eliminate dumb debt

Rule of thumb: Save or invest 30–50% of your income if you want to accelerate.

3. Multiply Your Money

Now it’s time to put your capital to work.

Use it to:

• Invest in assets (stocks, ETFs, real estate, private deals)

• Acquire leverage (hire, automate, scale your time)

• Buy systems (tools, education, frameworks that increase ROI)

Don’t let money sit. Make it earn.

This is where compound interest, dividends, and cash flow start making money for you.

4. Build Reputation & Reach

Here’s what most newsletters won’t tell you:

In 2025, attention is leverage.

Your online reputation and distribution channels are modern wealth assets.

That means:

• Posting regularly on LinkedIn, X, or YouTube

• Starting a newsletter (like this one)

• Building a track record others can see

• Becoming “findable” for opportunities

You don’t need millions of followers. You need the right people to know you exist.

5. Reinvest and Repeat

The last step: feed the flywheel.

Take profits, lessons, and relationships—and reinvest them:

• Reinvest money into better opportunities

• Reinvest time into higher-leverage activities

• Reinvest attention into deeper authority

This is where momentum gets scary powerful.

Each loop is:

• Easier

• Faster

• More profitable

You’ll find yourself solving $10K problems instead of $100 ones.

💡 Real-World Example: Sarah the Operator

Sarah is a 35-year-old director at a fintech company.

• Stage 1: She earns $180K/year and builds a fractional consulting offer on the side.

• Stage 2: She keeps 45% of her income by living lean and optimizing taxes with an S-Corp.

• Stage 3: She invests monthly into a dividend ETF and buys a small short-term rental.

• Stage 4: She starts writing LinkedIn posts on fintech operations, attracting inbound deals.

• Stage 5: She reinvests consulting profits into a new SaaS idea, backed by angel capital.

In 3 years, her flywheel is spinning. Her net worth doubles, and her time freedom expands.

This isn’t luck. It’s design.

✅ How to Start Your Wealth Flywheel Today

No matter your level, you can start turning the wheel:

If you're in a high-level job:

• Increase your savings rate

• Automate investing

• Start building a media or capital-based side project

If you’re a business owner:

• Create systems that remove you from the day-to-day

• Use profits to invest outside the business

• Share your journey publicly (people fund people)

If you’re starting from zero:

• Learn a skill that earns $50–$100/hr

• Stack income from freelance or contract gigs

• Save aggressively and build your first $10K investable

🎯 Final Word: Wealth Is Momentum, Not Just Math

Too many people obsess over the “perfect investment” or “next big thing.”

You don’t need a trust fund.
You don’t need a unicorn exit.

You need a flywheel that spins.

Start yours today.

PRESENTED BY MONEY

A home warranty plan could save you thousands in repairs

Did you know replacing your HVAC could cost more than $10,000? Considering normal wear and tear on items such as your water heater and A/C aren’t covered by most home insurance policies, a home warranty could be a smart move. These plans help pay for the repair and replacement costs when covered systems and appliances stop working or break down. For a small monthly payment, you can protect your home without worrying about a broken A/C in the middle of summer.

View Money’s Best Home Warranties list to find options with A+ BBB ratings and exclusive discounts →

Fun Stuff

😂 Funny Joke

Why did the banker bring string to work?
To tie up loose ends on the quarterly report!

🧩 Riddle

I’m invisible, yet I can buy a yacht.
I’m digital, but not crypto.
Governments print me, but can’t always control me.
What am I?

🏢 Guess the Company

Clue:
Founded in 1916, this company once made chewing gum to promote its baking powder.
Today, it's one of the world’s largest snack companies.

🕰️ Financial History: What Happened Today?

June 1, 1980:
CNN (Cable News Network) launched as the first 24-hour news channel. It transformed media, politics, and the pace of global information — and paved the way for the real-time market culture we live in today.

*Answers at the bottom

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*Promoted

Fun Stuff: Answers

Riddle - Answer: Inflation

Guess the Company - Answer: Wrigley (now part of Mars, Inc.)