This episode is about the three financial stories that will change how you think about money in 2024. They are not predictions, but trends that are already happening and will likely continue. We start by reviewing what happened in 2023 and how it changed our perspective on money. Then we go into the first story, which is how the stock market was dominated by the Magnificent Seven tech stocks, thanks to their innovation and scale. The second story is about how fintech and buy now, pay later options have transformed the way we spend money. The third story is about how AI, artificial intelligence, will affect the future of work.
To learn more about the show, visit https://richandregular.com/listen/
Key Takeaways:
-The stock market performance in 2023 was driven by the Magnificent Seven tech stocks, highlighting the influence of AI and technological advancements.
-The rise of fintech and buy now, pay later options has reshaped consumer spending habits, leading to increased credit card debt and new lending markets.
-AI is expected to have a major impact on the future of work, with potential job disruptions and changes in hiring and evaluation processes. AI will impact the job market, affecting the types and hiring processes of jobs.
-Refining online presence, such as having a complete LinkedIn profile, is important for job seekers.
-Building AI literacy is essential for staying competitive in the job market.
Incorporating AI into current jobs can increase productivity and value.
-Using AI tools in job searches can automate application processes and save time.
-It is important to use AI tools with moderation and add a human touch to maintain authenticity.
Show notes, articles, research or data mentioned in the episode:
-Wall Street calls them ‘the Magnificent 7’: They’re the reason why stocks are surging: https://www.npr.org/2023/12/13/1216457187/wall-street-magnificent-seven-apple-amazon-nvidia-tesla-microsoft-meta-alphabet
About the Hosts:
Julien and Kiersten Saunders are the hosts of the rich & REGULAR® podcast. New episodes are published weekly on YouTube, Apple Podcasts, Spotify and other streaming platforms. Julien and Kiersten are also the authors of Cashing Out: Win The Wealth Game By Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes. To learn more and purchase the book, visit https://richandregular.com/cashingout/
To contact us, send an email to hello@richandregular.com
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