Here's Your Fortune: Money Traps, AI Cars, America’s Comeback, and iPhone Success Tips

Tomorrow’s Fortune

Welcome to the action-packed newsletter designed to help you navigate the world of business, investing, and technology. You owe it to yourself to stay informed! If you missed last week’s post, check it out here. 😎 

Today’s post is 2,143 words (~5 minutes). Don’t be lazy… let’s get rich!

Cool Fact: Facebook's AI Rebellion: The Day Bots Invented Their Own Language. In 2017, Facebook's AI researchers had to shut down a chatbot experiment when the bots, Bob and Alice, started communicating in a language only they understood. They probably thought English was overrated.

Today’s Digest: 

1. NEW VIDEO 👉🏼 The 7 Money Traps: What School Failed to Teach You About Money

2. Optimism Rising: How the U.S. is Reclaiming Economic Confidence. Discover what’s behind America’s renewed economic optimism ahead of the election.

3. Generative AI in Your Car: The Future of Intelligent Driving Starts Here. Learn how generative AI is set to transform your car into a high-tech co-pilot.

4. Capture and Connect: Transform Your iPhone Shots into Social Media Gold. Learn how to snap your way to success with your iPhone.

KENNY FINANCE ON YOUTUBE!

Back again with a Friday special on YouTube! As I said before, my goal is to touch a million lives through financial wellness and provide the framework, insights, and playbook to be SMART with your money.

Few things:

1. Check out tonight’s video on The 7 Money Traps: What School Failed to Teach You About Money

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3. WATCH THE ENTIRE VIDEO! Pls and thank you… it helps the YT algorithm spread to others who could use the advice

4. Like and comment and let me know what you think 🤩

5. I’ll be uploading fire content every Friday until you’re rich

6. Check out KENNY FINANCE for other videos

TOP STORY

America’s Economic Mood Brightens Just in Time for Election Day

Just in time for Election Day, Americans seem to be getting their economic groove back! After years of doom-and-gloom forecasts and feeling the pinch from high prices, the nation’s mood is finally on the upswing. The latest Consumer Confidence Index revealed that Americans in October became noticeably more positive about the economy. This bounce in confidence, the fastest since March 2021, spans age and income groups alike. With the election around the corner, this boost in optimism could be a game-changer.

So, what's giving Americans a reason to smile? For starters, the job market looks healthier than it has in months, and people are taking note. The availability of jobs has rebounded, sparking renewed confidence. It’s a nice change from September, when worries about job security still loomed large. Not only are people feeling more secure in their jobs, but they’re also more willing to make big purchases. All these positive signals hint that Americans might be shaking off recession fears at long last.

The recent economic update seems to reflect “good real income growth, strong employment, and inflation that’s back down to pre-pandemic levels.” Lower interest rates and stock market gains are helping fuel the vibe shift, making Americans feel like they’re finally catching a break.

And if Americans are thinking about splurging on big-ticket items like cars, homes, or appliances, that’s a sign of faith in the economy’s strength. These purchases don’t happen when people feel shaky about their finances. The fact that more people are eyeing these buys says a lot about the change in mood—and it could help keep the economy rolling along, too.

Of course, the October jobs report coming out this week will be a big moment. Strong results could solidify this newfound optimism. On the other hand, if natural disasters or labor strikes weigh down the numbers, the vibe might dampen a bit. But for now, it’s a cautiously optimistic outlook that’s refreshing to see.

As Americans head to the polls, their upbeat economic attitude might just influence the election, driving a renewed sense of confidence in the nation’s future. Whether it’s consumer spending or election outcomes, this brighter outlook suggests we’re heading toward a more hopeful chapter in the American economy.

BITS OF GOLD

• Elon Musk predicts a robot revolution is coming sooner than we think

• Musk is back with a bold prediction: in under 20 years, there may be more humanoid robots than humans on Earth! His Optimus project is making strides, with a demo featuring robots climbing stairs, playing rock-paper-scissors, and handing out popcorn. The cost? A cool $20K to $25K per robot, but Musk is banking on these bots eventually making Tesla a $25 trillion powerhouse. With other big players like Boston Dynamics and Toyota in the race, we could be on the brink of a world where robots are handing out more than just party favors.

• Labor market slows down, but don’t call it a jobpocalypse just yet

• Job openings hit a low we haven’t seen in over three years, dropping to 7.4 million in September as employers pull back on hiring—but don’t sound the alarms just yet. Layoffs are up, and the "Great Resignation" seems to be cooling off, with fewer folks feeling bold enough to quit without a backup plan. Despite the slowdown, we're still looking far better than pre-pandemic times, and the job market, though softer, isn’t going into freefall.

• Ford lowers earnings guidance as EV losses pile up

• Ford just hit a bump in the electric road, reporting a $1.2 billion loss on EVs and lowering its earnings outlook, sending its stock into a 6% dip. CEO Jim Farley stayed positive, touting cost-cutting and betting big on hybrids. With fierce competition and price wars squeezing EV profits, Ford’s hefty cash pile of nearly $28 billion might be its saving grace as it steers through the challenges.

• South Korea eyes new U.S. tech rules on China with active response

• South Korea’s ready to play it cool (or not!) in response to new U.S. investment restrictions targeting China’s tech sector. While the impact on Korea is expected to be minor, Seoul’s finance ministry isn’t taking any chances—they’re prepping analyses and lining up their game plan. With U.S. rules set to hit AI and semiconductor investments in China by 2025, Korea’s on alert but not sweating...yet.

🏠💸TASTE OF THE FUTURE WITH AI

Meet Your Car’s New Co-Pilot: How Generative AI Will Transform Your Drive

Get ready to meet your car’s new best friend: generative AI. The same tech powering AI chatbots on your phone and computer is now gearing up to jump into your car, offering a supercharged voice assistant experience designed to keep your hands on the wheel and your eyes on the road.

So, why should you care? Imagine cruising along and needing the nearest gas station or an explanation for that mystery dashboard light. Soon, your car’s AI won’t just be a simple assistant—it’ll be an intelligent co-pilot, responding to questions, navigating traffic, and even handling entertainment tasks. Qualcomm’s announcement this week about its Oryon processor is a game-changer. With computing power that can rival a high-end smartphone or PC, Oryon is set to transform in-car tech.

In collaboration with Google, Qualcomm aims to integrate Android Automotive OS with its digital cockpit tech. This means that soon enough, you might be chatting with your car like you would with a chatbot, only this assistant understands everything your car knows about the road, the ride, and you as the driver. In fact, as Qualcomm VP Patrick Brady explained, these systems could offer real-time insights on things your car “sees,” like nearby landmarks or available parking spots.

The potential doesn’t stop there. Qualcomm envisions generative AI enhancing self-driving capabilities. Picture this: you pull up to a busy restaurant, and your car’s AI says, “No parking nearby, but you can hop out here, and I’ll find a spot for you.” It’s not sci-fi—it’s the future Qualcomm and automakers are working toward.

Countries like China are also jumping on the bandwagon. Li Auto recently demoed an AI assistant that handles everything from answering kids’ questions to making travel plans based on the driver’s preferences. And if you’re in need of a dinner reservation or museum tickets, the AI assistant has you covered, even confirming hours and purchasing tickets.

Of course, this futuristic tech isn’t coming tomorrow. Qualcomm’s new in-car processors are set for sampling in 2025, meaning we’re likely looking at a few years before we see fully integrated generative AI in cars. But Qualcomm says even some current Snapdragon models can support genAI experiences, which means we’re already part of the way there.

Other Cool AI News!

• AI to revolutionize drug discovery, but ethical hurdles remain

• Nvidia is diving headfirst into the pharma world, claiming AI will “revolutionize” drug discovery faster than you can say “supercomputer.” Teaming up with Novo Nordisk, they’re launching AI-driven tech to fast-track new meds, potentially shaving years off the billion-dollar drug process. But don’t get too cozy; the tech still faces ethical hiccups, algorithm bias, and questions about how these AI-found drugs will actually perform in real life.e robots still need humans to make the big decisions, so you're safe... for now.

• Why an AI tutor in every classroom is still a long shot

• AI tutors are being hailed as the next big fix for education, but reality may not match the hype. While companies like Khan Academy are making strides with their “never-judgy” AI buddy, Khanmigo, skeptics point out that tech promises often flop in real classrooms. Kids are already diving into AI-powered learning, but questions around regulation, equality, and—let’s be real—screen time are slowing down the roll.

• Amazon’s new AI shopping buddy ready to help you buy more stuff

• Amazon is finally letting its Rufus AI shopping assistant roam free in more corners of Europe and the Americas, proving it’s ready to join the AI party—even if it showed up a little late! This chatbot whiz can help you search for products, compare prices, and even suggest gifts for toddlers who definitely don’t need another stuffed animal. Just update your app, and voila! You’ve got a new shopping buddy who promises to be helpful, even if it sometimes gets your coffee maker comparisons hilariously wrong.

WHAT ABOUT TODAY’S FORTUNE? SIDE HUSTLE OF THE WEEK 💸

From Pixels to Profits: Making Money with Your iPhone

What if I told you that your trusty iPhone could help you make money? Welcome to the exciting world of iPhone photography and social media marketing! With businesses clamoring for attention and needing stunning visuals, you have the chance to be their secret weapon. Join me as we explore how your iPhone can turn your creative snaps into cash.

Overview of this Side Hustle: Think your iPhone is just for scrolling through social media? Think again! You can transform your beloved device into a money-making powerhouse with smartphone photography and social media marketing. Small businesses are on the hunt for stunning visuals, and with your iPhone, you’ll be their go-to photographer, turning their products into must-have treasures with just a few clicks.

Startup Cost: You don’t need to dip into your savings to start this side hustle—aim for a startup cost of around $50 to $200! Download a few editing apps, snag a tripod, and perhaps grab some props from your local dollar store. With a total investment under $300, you’ll be ready to start capturing those Insta-worthy shots.

Capital Intensity: This gig is light on expenses and heavy on fun! With a capital intensity of around 10%, most of your costs will come from accessories and editing tools. The best part? Your iPhone, which you already own, is your main tool—just keep it charged and ready for action.

Interesting Growth Opportunities: As small businesses scramble for fresh content, your iPhone will make you the star of the show! Offer services like product photography and tailored social media campaigns that leave competitors green with envy. Partnering with local shops for eye-catching content is just the beginning; your creativity can lead to collaborations that get businesses buzzing.

Earning Potential: Cha-ching! Depending on your hustle, you could rake in between $500 and $2,500 a month. Combine your photography skills with social media management, and watch your earnings soar. With a growing portfolio, you’ll be able to command higher rates—who knew snapping pics could be this profitable?

Now that you have the scoop, it’s time to turn those photography dreams into a paycheck. With your iPhone by your side, you can help businesses grow while making some serious cash. Don’t just sit there—get out, start capturing stunning shots, and watch your side hustle take off. Your photography journey awaits, and it’s just a snap away.

This newsletter is for informational purposes only and does not constitute investment advice. The content is based on publicly available information, and the author makes no representations about its accuracy or completeness. Readers should conduct their own research before making any investment decisions.