Good morning. It's Saturday, Jan. 27, and we're covering the money jars method, learning how to cope with financial stress during emergencies, leveraging social media for real estate content marketing success, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: January 26, 2024. | Stocks bounced around Friday before landing in mixed territory as investors digested a key inflation reading ahead of next week's Fed meeting on the future of interest rates.
After setting a new record on Thursday, the S&P 500 (^GSPC) fell just below the flatline but notched a win for the week. The Dow Jones Industrial Average (^DJI) increased about 0.2% or 60 points, while the tech-heavy Nasdaq Composite (^IXIC) slid close to 0.4%
Tech lagged behind the other indexes after Intel's (INTC) first-quarter outlook fell well short of Wall Street expectations, somewhat denting the AI-fueled hopes that have helped lift stocks to record highs. Intel shares fell nearly 12%, with peers AMD (AMD) and Nvidia (NVDA) also taking a slight knock. |
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| | Financial Maverick Insights | | | | | What Is the Money Jars Method? A Visual Way To Create a Budget |
Creating a budget can be challenging, but it's also important. With a realistic budget, you can see how much money you've got coming in and where it's going every month. This can also give you a better idea of your financial situation as a whole.
While there are many ways to budget, many people prefer visual budgets, like the Money Jars Method. This method can make it easier to grasp the concept of budgeting, because it separates spending into different, easily visible categories. It can also help curb impulse buys and limit overspending, since your money is already set in convenient little "jars."
The Money Jars Method involves separating your money into six categories or accounts. You can use physical jars, or you can put your money into six different bank accounts.
When it comes to budgeting, it's also vital to find a method that's realistic with your financial situation, needs and goals. This might be the six jars method, or it might not.
Thinking about changing up your budgeting style? Here's what the Money Jars Method is and how it works.
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| | | | | | Psychology of Money — Learn How to Cope with Financial Stress During Emergencies | If you're facing a financial emergency, you're likely feeling a range of emotions — shock, anger, stress, and fear, to name a few. To get through it, it's important to harness these emotions and turn them to your advantage. People and money can often feel like a complicated relationship.
After all, when it comes to your money, it can be hard — if not impossible — to be completely rational. So, if you're facing an ongoing financial challenge or an unexpected crisis, it's worth understanding how the psychology behind your personal relationship with money may play a role in getting through hard times.
Common emotions related to money
Fear, guilt, shame and envy are common emotions when it comes to money. You may feel the fear of not having enough, guilt in having more or less than others, shame in not managing it properly, or envy of others who seem to have money all figured out.
If you're in financial distress, shame may be the strongest emotion. You might feel ashamed you didn't predict or plan for your situation. You may feel embarrassed about accumulating a lot of debt. Or you might feel shame that you didn't know how to manage your money as effectively as you may have needed. The problem with shame is that it may lead to avoiding the issues at hand. And the more you avoid it, the more shame you might feel.
It's a behaviour that may lead to increasing money problems. |
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| Real Estate News |  | Leveraging social media for real estate content marketing success - AZ Big Media | Here are some key insights and strategies to help guide your real estate content marketing efforts in 2024. |
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|  | Pending home sales post biggest jump in 3 years, but remain historically low | Contract signings were up just over 1% year over year, but were still 25% lower than those recorded in December 2019. |
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|  | 6 keys to building a dream team in 2024 | Team leaders Megan Romine, Ryan Butler and Elias Astuto discuss how enforcing standards, sharing responsibilities and staying engaged with your agents and community are key to creating a successful, long-lasting business. |
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| | Personal Finance Tips |  | Getting Paid To Travel The World (This Is How I Do It) | Want to get paid to travel? I know it sounds impossible, but it isn't. I've been doing it for 10-years. Learn how I make money traveling! |
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|  | Dividend Dynamos- 7 Stocks Delivering Consistent Cash Flow This Year | Investing in dividend stocks with consistent cash flow will help build a portfolio that generates passive income throughout 2024. |
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|  | How To Save Money: Spend Less & Build Your Savings | Reducing monthly expenses now can lead to big savings over time. Learn how to save the most money on nearly everything with these tips! |
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| | Alternative Investing |  | AI-powered chatbot can explain crypto, update users about spot bitcoin ETFs and swaps | Pontem's AI-powered chatbot will seek to give crypto enthusiasts more up-to-date information on subjects like bitcoin ETFs and how to swap, stake, bridge, buy NFTs or use yield farming. |
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|  | One of Tesla chief Elon Musk's other companies is eyeing a $20 billion valuation | The firm is reportedly in talks to raise $6 billion in funding. |
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|  | Microsoft crosses $3-trillion valuation as AI investments bloom | Microsoft and Apple are playing tag with the position of the most valuable company in the world. |
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| | What are your views on customer service chatbots? | | | 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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