Good morning. It's Saturday, Dec. 30, and we're covering money psychology, mastering cash flow management, housing market slowdown experience, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: December 30, 2023. | AI is coming to a warehouse near you. Symbotic (NASDAQ: SYM) is using cutting-edge AI and robotics technology to help companies slash their logistics costs by automating their supply chains.
Symbotic's system can lessen its customers' warehouse-space needs by up to 60%. Rather than hours, trailers can be loaded in minutes. Orders can be fulfilled with 99.99% accuracy and fewer inventory requirements. The company estimates that a $50 million purchase of one of its modules can reduce operating expenses by $10 million annually for up to 25 years.
These benefits aren't escaping the attention of major retailers. Grocery giant Albertsons and Target have deployed Symbotic's systems in their warehouses. Walmart, meanwhile, is integrating Symbotic's technology across all 42 of its regional distribution centers to bolster its inventory management and fulfillment operations. |
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| | Financial Maverick Insights | | | | | How Money Psychology Affects Your Finances—and the Benefits of Financial Therapy |
Historically, the financial industry has focused solely on financial literacy, says Haylie Castillo, MSW, LSWAIC, CFT-I™, owner of Castillo Financial Therapy. While financial literacy is absolutely necessary, it's just part of achieving financial success.
"I discovered financial education, financial literacy and, in my own personal financial education journey, realized that there was this missing piece," she says. "This very important piece of having to explore my own psychological beliefs and money." That experience was what drove Castillo to specialize in money psychology and become a financial therapy provider.
What are money psychology and financial therapy?
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| | | | | | Mastering Cash Flow Management: A Key to Personal Finance | Mastering cash flow management is often touted as a vital yet challenging aspect of personal finance. This sentiment was echoed by certified financial planner Douglas Boneparth during a recent episode of 'This week your wallet', a weekly audio show produced by CNBC's Personal Finance team. Boneparth underscored the significance of understanding the cost of one's lifestyle and the inherent ability to save and invest consistently.
Striking a Balance is Key
Boneparth argued that achieving a delicate equilibrium between these two elements often poses the greatest challenge in personal finance. He cautioned against rushing into investments without a solid foundation in cash flow management. A lack of discipline, he warned, could force individuals to prematurely withdraw from investments due to unforeseen life events.
Setting and Prioritizing Financial Goals
Once households have a firm grasp on cash flow, they can then set and prioritize goals. These might include building an emergency cash reserve or saving for retirement, a down payment, or education expenses. |
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| Real Estate News |  | 2023 Housing Market Experiences Slowdown: Implications and Outlook | The 2023 housing market experienced a slowdown due to factors such as high interest rates and escalating living costs. |
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|  | Buying a house? Don't go it alone. A real estate agent can make all the difference. | Attorneys have filed new lawsuits claiming the real estate profession overcharges homebuyers and sellers. This could not be further from the truth. |
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|  | Level up your real estate success with persuasive questions | Join Sterling Caporale in the final class in his six-part video series to learn what intelligent and persuasive questions you can leverage. |
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|  | Top team leader Bonneau Ansley on how he is redefining real estate success | Bonneau Ansley of Ansley Real Estate and Christie's International Real Estate talks about how he's redefining real estate success. |
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| | Personal Finance Tips |  | Stretching Your Dollar: Holiday Budgeting Tips for Kids | With Christmas only 10 days away, some kids may notice that there's a lot of spending going on this holiday season. Dr. Regine Muradian, licensed clinical psychologist, joined Cheddar News to provide tips on how to teach kids the value of gifts and money. |
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|  | How To Make Money Fast: 10 Real Ways To Make Money Quickly | Entrepreneur | Want to make extra money ASAP? Check out this breakdown of 10 ways to make money fast to get inspired and start earning quickly. |
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| :max_bytes(150000):strip_icc()/fb-54de3b11463a4744b4980c3d34525264.jpg) | 8 Ways to Give Money as a Wedding Gift | Do you want to give a couple money as a wedding gift? Forget handing over a handful of cash (unless you want to, of course!). Here, a wedding expert shares eight tasteful ways to give money as a wedding present, whether you think the couple would prefer cash or because that's your personal preference. |
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|  | How To Get the Best Savings Account Bonuses | Savings account bonuses can help put extra cash in your pocket. Here's what you need to know. |
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| | Alternative Investing |  | AI, private credit, and a small-cap resurgence? The big investing themes of 2024 could be totally different than we thought a year ago | A year ago, Wall Street was worried about inflation, "higher for longer" interest rates, and a fresh war in Europe. It was a clash of economic headwinds that was supposed to trigger a U.S. recession, leading to some bearish market outlooks from Wall Street. |
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|  | Bitcoin and Top 2 Altcoins on The Verge of Breakout Soon | In his X post, renowned cryptocurrency analyst and trader Ali Martinez has set the stage for an intriguing narrative within the crypto sphere, unveiling bullish sentiments and potential breakout scenarios for key digital assets. |
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|  | Elon Musk's xAI Adopts Benefit Corporation Model, Following OpenAI's Lead | Elon Musk-owned AI startup, xAI, embraces the public benefit corporation model, mimicking rivals like OpenAI and Anthropic. |
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| | Have you made any private capital investments? | | | Reach Over 100,000 Financial Mavericks | Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. | | | Share Financial Maverick | Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! | | | DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. | |
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