wealth_gap

On today's episode, we have three big economic ideas for your consideration – ideas that could potentially improve the economy and make us more efficient.

First, what if we ban left turns on roads? Then, what if we gave every new baby ... a trust fund? And lastly, what if we completely got rid of U.S. congressional districts?

That's all on today's episode.

This show was hosted by Sarah Gonzalez. It was produced by Willa Rubin and Emma Peaslee with help from Sam Yellowhorse Kesler. It was edited by Dave Blanchard and engineered by Robert Rodriguez. It was fact-checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The Palestinian Authority is working with US officials on a plan to run Gaza after the ongoing war is over, with one of its top leaders arguing that Israel's aim to fully defeat Hamas is unrealistic and the militant group should instead join a new governing structure. 

(2) Israeli Prime Minister Benjamin Netanyahu has threatened devastation in Beirut and southern Lebanon if Hezbollah opens a second front in the war with Hamas.

(3) The rally in the yen spilled over into a second day as traders wagered that the Bank of Japan will scrap the world's last negative interest-rate regime much sooner than previously thought.

(4) Rishi Sunak faces a crucial two weeks if he is to control feuding Tory Members of Parliament and lead them into a general election expected next year. The latest fight is about whether the government should bend or ignore domestic and international laws so the UK can deport asylum-seekers to Rwanda without considering their claims.

(5) The dynasty behind the luxury brand Hermès added $56 billion to their wealth to become the world's third-richest family, according to Bloomberg's annual ranking. Abu Dhabi's ruling Al Nahyan family topped the Waltons as the world's richest, with wealth of $305 billion. 

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Episode 104: Neal and Toby explain how Ron DeSantis spend $7.9 million in his first six weeks of his Presidential campaign and how other candidates are spending and fundraising comparatively. Plus, why the actor and UPS strikes could cost billions, and after two long years Tesla's Cybertruck is finally here. Also, United pilots get paid and Lionel Messi loves Publix. The guys also want to wish a happy 'World Emoji Day' to you and yours and they take a look ahead to what we are watching this week. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

The Mark Milley scandal explodes. Three questions that must be answered. The rebellion has begun. In this episode I also show video of people fighting back against leftist tyranny.  News Picks: Did Mark Milley go rogue? The evidence is damning.  Did Mark Milley tell military officials not to follow President Trump’s orders? Is the Durham probe heating up, or is this another headfake? Occupy Democrats suddenly supports evictions.  What’s in the Democrats’ pork spending plan? Biden hires a group to bring illegal immigrants back to the United States. Copyright Bongino Inc All Rights Reserved Learn more about your ad choices. Visit podcastchoices.com/adchoices

The long-suffering generation of millennials are now set to be significantly poorer than both baby boomers and Gen X'ers.  Having entered the workforce during the fallout of the 2008 mortgage crisis and then being hit particularly hard during this current crisis has meant that today millennials only account for 3% of national wealth, where boomers at the same point in their lives accounted for 27%. This trend is more than just another pity party for our fellow latte-sipping millennials. On a wider level, the share of wealth owned by people under the age of 40 has shrunk from 13% to just under 7% over the past 3 decades.  Even if we ignore the social issues of younger families having to make do with half that of what their parents did this can have some serious  Therefore if this trend continues businesses around the world might start to lose out on their Goldilocks zone of consumer spending.  What is causing this downward pressure on wealth in younger generations? What will this mean for the future growth of nations like the USA? And could this just be a waiting game of wealth, inevitably getting passed down?

We love a system here at The Property Hub, and this week Rob & Rob discuss the advantages of setting up basic processes (and in some cases more detailed processes).

 

Rob and Rob discuss why systems are not boring - honestly, stick with it, we guarantee you will be a convert. 

The Robs also give examples of how they use processes throughout their businesses, for the tasks that are done over and over again. 

We also discuss how having good processes allow you to outsource and why you must not outsource without them.

Systems are easier to set up than you'll thing and in this episode we give you some examples of how to do it and how you can implement processes in your property investment journey. 

 

The disappearing middle class clearly illustrated in charts

This is a really interesting piece which takes you through the highlights of a report published recently. There are tons of visuals in this article so check this out and you will see everything points quite clearly to the fact that the middle classes are gradually disappearing. Read more here.

 

Resource of the week

This week's episode is one huge resource of the week and here are all the links mentioned.

The checklist manifesto 

Trello

Evernote

Google Docs

Process Street 

Jing

Continue the conversation over in the forum

What systems do you use? Head to the forum to share some tips. We'd love to know what you're already using in your day to day life.

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