Newsletter Nov 20, 2024
Welcome to your November 20 newsletter...

Robert Herjavec shares surprising advice on a low-time commitment business you can start - and it's not what you probably expect. Plus, get to know some side hustles expected to be lucrative this coming holiday season in today's Money Making Moves: 

In the Fast Lane of Business...

> Robert Herjavec, a Shark Tank investor, highlights the misconception that successful businesses can be easy and low-maintenance, stating, "Don't get into business" to emphasize the time and effort required. He explains that even seemingly simple ventures demand substantial commitment, financial investment, and hard work in the early stages. In contrast, Mark Cuban offers a different perspective by emphasizing passive income strategies, such as investing in dividends, mutual funds, and fractional real estate, which require less hands-on effort. Together, their insights reveal that financial success stems from persistence, smart investments, and realistic expectations, with no easy shortcuts to wealth.

> Amazon plans to upgrade Alexa with AI-powered capabilities, partnering with major companies like Uber, Grubhub, OpenTable, and Instacart to handle tasks such as ride-hailing, grocery shopping, and restaurant reservations. This revamped Alexa aims to go beyond existing third-party Skills by offering integrated, task-specific solutions through its new partners. Amazon hopes to onboard roughly 200 partners within three years and potentially offer a subscription service for the enhanced assistant. While internal challenges, such as latency, have delayed progress, Amazon remains committed to making Alexa the "world's best personal assistant" using generative AI.

> Tesla shares surged over 5% following a report that President-elect Trump’s transition team plans to prioritize a federal framework for regulating self-driving vehicles through the U.S. Transport Department. This potential policy change could benefit Tesla, which has long pursued fully autonomous cars, aiming to deploy a fleet of robotaxis despite challenges and competition from rivals like Waymo. Elon Musk’s connections with Trump, who recently appointed him to a new government efficiency department, could further bolster Tesla’s prospects under the new administration. Tesla recently showcased its "Cybercab" concept, emphasizing its vision for autonomous, human-free transportation.

Unique Business Idea For You

The growing popularity of video content has increased the demand for transcription services, including casual marketing videos and specialized fields like legal or medical transcription, which require affordable certifications. Transcriptionists can earn an average annual salary of $52,000. The profession offers opportunities for both general and specialized roles. This growing demand reflects the importance of accurate and timely transcription in various industries.

Side Hustle You’d Be Crazy Not to Try

Setting up and decorating Christmas trees has become a lucrative seasonal side hustle, with some decorators earning up to $150 in just 10 minutes per job. Demand for convenient holiday services, such as professional decorating, pet sitting, and festive baking, continues to grow. This trend highlights a shift towards outsourcing holiday tasks, creating new opportunities for profit. For those seeking extra income, these creative holiday side hustles offer a great way to supplement earnings during the festive season.

Personal Finance News

> Instagram is a powerful platform for brands to build their social presence, driving traffic, sales, and engagement. However, the competitive landscape and algorithm can be challenging to navigate, making organic growth difficult. By optimizing your profile, developing a content strategy, engaging with followers, and using effective tags and hashtags, you can boost your audience authentically. Authentic growth leads to better brand awareness, increased revenue, and loyal customers. To find other partners to grow your business, click here

> The tragic death of Hayley Dowell at Istanbul's BHT Clinic following cosmetic surgery raises serious concerns about medical tourism safety. Her husband claimed that the operation was suspiciously brief and that she had not consented to all the procedures performed. The incident is part of a broader pattern, with at least 28 British patients dying in Turkish cosmetic surgeries since 2019, often drawn by significantly lower costs compared to UK prices. Experts warn that inadequate safety protocols and aftercare in Turkish clinics can result in complications, leading to costly corrective treatment back in the UK and a heavy burden on the NHS.

> NASA's significant spending on diversity, equity, and inclusion (DEI) initiatives has sparked criticism from employees and others who argue it diverts resources from space exploration, leaving the agency less competitive with global rivals like China. From 2020 to 2024, NASA invested millions in DEI efforts, including contracts for consulting and funding to improve access to scientific materials, while facing budget challenges and workforce reductions. Some NASA staff have voiced frustration online, calling for Elon Musk’s intervention to restore a focus on innovation and exploration. Critics contend that prioritizing DEI over core scientific goals undermines

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