Newsletter Oct 24, 2024
Welcome to your October 21 newsletter!

Mark Cuban recently shared a profitable side hustle idea aimed at young entrepreneurs, encouraging them to capitalize on emerging opportunities. Meanwhile, rapper 50 Cent opened up about parenting challenges, emphasizing the importance of teaching financial responsibility to children, reflecting on his strained relationship with his son.

In the Fast Lane of Business...

> Mark Cuban advises aspiring entrepreneurs to start a lucrative side hustle by leveraging AI through three key steps: mastering AI prompt writing, teaching the skill to others, and offering prompt-writing services to businesses. He emphasizes that AI prompt engineering doesn't require a college degree, only practical skills, making it accessible to anyone willing to learn. With companies increasingly adopting AI technologies, this skill is projected to become even more valuable, potentially leading to six-figure earnings. Cuban also recommends saving money and preparing thoroughly before leaving a job to pursue a business idea.

> 50 Cent's strained relationship with his son, Marquise Jackson, is rooted in disagreements over entitlement and the value of hard work. Despite providing significant financial support, 50 Cent has been disappointed by Marquise's refusal to take advantage of a lucrative business opportunity his father offered. Their rift has played out publicly, with past confrontations and Marquise's attempts to reconnect, including a controversial offer to pay for his father's time. The situation reflects broader challenges faced by wealthy parents in teaching their children the importance of earning success, often employing strategies like trust funds to instill financial responsibility.

> Amazon is facing significant challenges in expanding its data centers to support AI workloads, with plans to build 240 facilities by 2040. Constraints in power, zoning, water supply, and labor are causing delays across the U.S., including issues in Oregon, Ohio, and Northern Virginia. The company is exploring solutions like reclaiming old power sources, expanding into less crowded regions, and investing in alternative energy, including nuclear. Despite these hurdles, Amazon remains committed to scaling up its infrastructure to meet growing AI demand.

Unique Business Idea For You

The growing demand for online education offers entrepreneurs the opportunity to create and teach courses on any subject they know, regardless of location. This flexibility allows for a wide range of topics to be covered in online classes. For those without specialized expertise, teaching English as a foreign language to international students is a viable option. Online education makes it easier to reach a global audience and share valuable skills.

Side Hustle You’d Be Crazy Not to Try

Getting ordained online allows you to earn around $300 per ceremony by officiating weddings. This side hustle lets you participate in one of the most memorable moments in a couple’s life. By offering your services, you join celebrities like Conan O’Brien, Lady Gaga, Stephen Colbert, and Benedict Cumberbatch, who have all officiated weddings. It's an accessible way to start a rewarding and lucrative side gig.

Personal Finance News

> Ever wondered how much you would earn if you invested in streaming giant Netflix? The company is set to report its third-quarter earnings, with the company's stock price up 44% year-to-date, reaching $702 as of October 16. The streaming giant has benefited from its password-sharing crackdown, entry into live sports, and ad-supported tier, which has 40 million monthly active users. However, starting in 2025, Netflix will no longer provide quarterly updates on membership numbers, instead focusing on key business metrics. Since its IPO in 2002, Netflix's stock has surged by 65,420%, with a $1,000 investment then now worth $655,201. For more investment options, check here

> After his family lost their home to foreclosure, Matt Seidholz realized the importance of life insurance, which young adults often overlook. The foreclosure was caused by his stepfather's undiagnosed frontotemporal dementia, which led to missed mortgage payments and financial turmoil. Fortunately, a life insurance policy helped cover long-term care costs. This experience prompted Seidholz to buy his own life insurance, ensuring his wife would be financially secure if he ever faced similar health challenges.

> Looking for a new company to invest in? ServiceNow, known for its cloud software handling business tasks, is excelling in generative AI by providing practical, AI-powered products that customers find valuable. The company reported a 22% increase in quarterly revenue, driven by offerings like Now Assist, which automates tasks across IT, HR, and customer service. Companies like EY and Nvidia use Now Assist to improve efficiency, reducing task times significantly. CEO Bill McDermott emphasizes that their generative AI solutions prioritize customer ROI, giving employees more time and boosting productivity by reducing workflow complexities.

In partnership with Elevated Leads Ltd.

2024 U.S. Election: A High-Stakes Battle Between Trump And Harris

"The 2024 U.S. General Election has become a fierce contest following President Joe Biden's unexpected withdrawal, with Vice President Kamala Harris stepping in as the Democratic candidate against Donald Trump - with tight betting odds and key battleground states likely determining the outcome."

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