Good morning. It's Monday, Jan. 1, and we're covering setting an annual budget, how to pay down debt, strategies for success, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: January 1, 2024. | Li Auto (LI) reported a record 50,353 EVs in December, up 137% vs. a year earlier and 23% vs. November. It sold 131,805 in Q4, above its expected range, with full-year deliveries up 182% to 376,030. Li Auto hinted that it might strive for 100,000 monthly deliveries by the end of 2024.
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.
Dow Jones futures will open Monday evening, along with S&P 500 futures and Nasdaq futures, following the New Year holiday weekend. Tesla deliveries are expected before Tuesday's open, along with figures from key EV rivals.
The stock market is in strong shape to start 2024 after the Nasdaq's best performance in 20 years. A strong market rally has been in force since the end of October, with the major indexes on a nine-week win streak. The S&P 500 is just below all-time highs. |
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| | Financial Maverick Insights | | | | | The first step to setting an annual budget: Figuring out your net income |
The first step to setting an annual budget - Figuring out your net income: This year, 40% of Americans said they do not make financial resolutions for the new year and 68% said they do not have written financial plans at any point in the year, according to research from BMO Financial Group.
However, setting a budget goes a long way in managing your personal finances.
"Many people spend time doing a New Year's resolution," said Kamila Elliott, a certified financial planner at Collective Wealth Partners. She explained that people often focus on achieving their personal goals "but an annual budget allows you to focus on your financial goals and understanding what you want to accomplish financially in the year."
The first step is to figure out your income.
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| | | | | | How to pay down debt, stick to a budget, and accomplish your other finance resolutions in 2024 | More than a third of U.S. adults are setting financial resolutions in 2024. Improving financing was the second most popular goal after improving fitness,
As holiday spending sprees come to a close and the calendar flips to January, you may be thinking about how you can be better with money in the new year.
More than a third of U.S. adults are setting financial resolutions in 2024, according to a recent Forbes survey. Improving finances was the second most popular goal after improving fitness, according to the late October poll of 1,000 people nationwide. It was cited more often than improving mental health, losing weight, and improving diet.
If you're among those setting finance-related goals — whether it's to pay down debt or finally create a budget — here are some helpful tips from experts, gathered during a year of consumer reporting. |
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| Real Estate News |  | Real estate: Strategies for success in 2024's unique market - Main Street Media of Tennessee | There's no denying we are in a different real estate climate. Very unique things are happening on the market right now. |
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|  | 'They should be outraged': Insider blows whistle on real estate 'kickbacks' he claims could hurt homebuyers | It's banned in three states, but in other parts of Australia conveyancers are paying real estate agents to recommend their services in a practice one insider has described as unethical even though it's legal. |
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|  | Council Post: Strategies For Success In Real Estate | This guide aims to give a clearer understanding of the real estate landscape and outline strategies involving the latest technological advancements. |
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| | Personal Finance Tips |  | Budgeting Is So Boring. Start 2024 Right by Giving It Up for Good | Instead of making a budget, just cap your fixed expenses. Here's what else you can do to make your life a lot easier. |
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|  | Saving Money: 5 Reasons Why Creating a Budget is a Smart Financial Move - TipRanks.com | Creating a budget is a smart financial move, and will help you to you to plan, monitor, and adjust your finances to fit your lifestyle. By assigning yourself a fina... |
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|  | 7 Mint alternatives to consider as the beloved budgeting app shuts down | Intuit is shutting down Mint in January 2024 and asking users to move to Credit Karma. If you're a Mint user, look at these 7 alternative budgeting apps. |
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| | Alternative Investing |  | Elon Musk and Dogecoin Creator Both Think This City Is 'Terrible' | Musk is not the only prominent cultural figure who has taken a strong stance against this city in recent months. |
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|  | Heroes to zeroes in 12 months: How the two biggest crypto billionaire CEOs proved the critics right | After a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw back some of its former standing. |
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|  | Crypto Stocks, Bitcoin Miners Sell-Off as Profit-Taking Caps Explosive Year-End | Bitcoin slipped below $42,000 on Friday, stalling below its yearly high. |
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