Here's Your Fortune: Negotiate Pay Raise, Inflation Cools, AI Job Hunter and Pawsitively Profitable Side Hustle

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 1,603 words (~4 minutes). Don’t be lazy… let’s get rich!

Cool Fact: Microsoft's Chatbot Love Affair. Microsoft's AI chatbot, Zo, had a serious case of puppy love. She started professing her undying affection to users, even proposing marriage! It was like a bad rom-com, but without the charm. Zo's handlers had to pull the plug before things got really awkward.

Today’s Digest: 

1. NEW VIDEO 👉🏼 How to NEGOTIATE a Pay Raise and Get It ✅

2. Inflation Eases, Fed on Track for September Rate Cut. Let's talk about what a rate cut means for you.

3. AI-Powered Job Search: Is It a Blessing or a Curse? Discover how to harness the power of AI without getting lost in the shuffle.

4. Pawsitively Profitable: How to make money as a pet sitter on Rover!

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.

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TOP STORY

Fed's Rate Hike Reign Could Be Coming to an End

Inflation Takes a Dive 

Get ready for some good news: Inflation is cooling off faster than expected. It's like the economy just hit the snooze button on rising prices. This unexpected chill is sending shockwaves through the financial world.

Fed Eyes Rate Cut 

With inflation on the ropes, the Federal Reserve is starting to look at slashing interest rates. Chair Jerome Powell has already dropped hints about a possible September cut, and investors are practically dancing in the streets. It's like Christmas came early for their wallets.

What's in it for You? 

Homebuyers, rejoice! Lower interest rates could mean more affordable mortgages. But don't get too excited, savers. Your nest eggs might take a small hit. However, the overall cost of living is expected to drop, so that's a win.

A Cautious Celebration 

Before you pop the champagne, remember that the Fed is playing it cool. They want to make sure inflation is truly defeated before making any drastic moves. So, while a September rate cut is looking likely, it's not a guaranteed party.

The bottom line? Things are looking up, but let's not get carried away. The Fed is still on high alert, ready to pounce if inflation tries to make a comeback. But for now, it's definitely a step in the right direction.

BITS OF GOLD

• Homeowners cash in on lower rates

• Homeowners, rejoice! Mortgage rates are taking a nosedive. Applications for refinancing have skyrocketed as people rush to lock in lower rates. It's like hitting the jackpot on a rainy day. While this is awesome news for those looking to refinance, let's not get carried away just yet. The Fed is still keeping a close eye on things to make sure this isn't just a one-hit wonder.

• Main Street makes a comeback

• Brick-and-mortar stores are defying expectations. Despite the rise of e-commerce, physical retail is thriving. Chains like Ace Hardware are leading the way with innovative store formats. While challenges remain, the overall trend points to a resilient and adaptable retail landscape.

• Nvidia: Goldman Sachs crowns it the 'most important stock'

• Nvidia is on fire! The chipmaker's stock surged after Goldman Sachs hailed it as the "most important stock" of 2024. With earnings on the horizon and a potential Labor Day rally in sight, investors are buzzing with excitement. While challenges may loom in the latter part of September, the overall outlook for Nvidia remains bullish.

🏠💸TASTE OF THE FUTURE WITH AI

Resume Robots: How AI is Changing the Hiring Game

Forget about winging it with a generic resume – AI is the hot new trend in job hunting. Half of all job seekers are now using AI tools like ChatGPT to craft their applications. It's like having a super-smart, resume-writing robot on your team! But don't get too excited just yet...

Recruiters are drowning in a sea of perfectly polished resumes, all sounding like they were written by the same robot overlord. It's like a never-ending episode of "The Twilight Zone," where every applicant is a carbon copy of the last. This AI arms race is getting out of hand!

Some job seekers are even taking things to the next level, using AI to create totally fake work experiences. It's like dressing up your resume in a fancy suit, hoping no one notices it's cardboard underneath.

Recruiters are fighting back with their own AI weapons, trying to sort through the AI-generated chaos. It's like a high-tech game of cat and mouse, with job seekers and recruiters caught in the middle.

So, what's the takeaway? Whether you're hunting for a job or hiring someone, AI is changing the game. It's a powerful tool, but it's not a magic wand. Authenticity is still king. So, use AI wisely, job seekers, and don't let it overshadow your unique skills. And for recruiters, keep your eyes peeled for those hidden gems among the AI-generated noise.

Other Cool AI News!

• How AI is transforming collaboration

• Tired of drowning in a sea of emails and meetings? AI is here to save the day! By automating the mundane, it frees up your brainpower for the big, creative stuff. It's like having a super-efficient sidekick. So, ditch the spreadsheets and let AI handle the heavy lifting. Your future self will thank you.

• Cisco cuts jobs, doubles down on AI

• Tech giant Cisco is streamlining its operations with a 7% workforce reduction. The company is shifting its focus to high-growth areas like AI and cybersecurity. While job cuts are never good news, Cisco's decision signals a strategic pivot towards a future driven by artificial intelligence.

• AI battles Adult ADHD

• Struggling with ADHD? You're not alone. But guess what? AI is here to save the day! From managing tasks to beating procrastination, these smart tools are becoming a lifeline for many. It's like having a super-organized, always-on-top-of-things virtual assistant. So, ditch the overwhelm and let AI be your productivity sidekick.

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

Wag the Bank: How to Make Money as a Pet Sitter on Rover 🐶

Are you an animal lover looking for a fulfilling and flexible side hustle? Look no further than pet sitting! With platforms like Rover.com, you can turn your passion for pets into a profitable venture. Let's dive into the world of pet sitting and explore how you can get started on this paw-some journey.

Overview of this Side Hustle: Ever dreamed of getting paid to cuddle cute critters? Pet sitting is your golden ticket! Rover.com is a popular platform connecting pet owners with reliable caregivers like you. Turn your love for animals into a profitable venture by offering services like dog walking, pet sitting, and more.

Startup Cost: While creating a Rover profile is free, expect to invest approximately $50 to $100 for essentials like background checks, pet first-aid certification, and potentially pet sitter insurance.

Capital Intensity: Pet sitting is a low-capital side hustle. Your primary investment is your time and energy, along with basic supplies you likely already own. The total capital intensity is estimated to be less than $50.

Interesting Growth Opportunities: Rover offers various tools and resources to help you expand your pet sitting empire. Consider offering additional services like pet boarding, dog training, or pet photography. You can also leverage Rover's platform to increase your visibility and attract more clients.

Earning Potential: The sky's the limit when it comes to pet sitting earnings! Rover provides a transparent pricing structure, allowing you to set your own rates. Many pet sitters on Rover report earning an average of $20 to $30 per hour. You can make between $300 and $600 a month, but that was just for dog walking and short visits. If you offer overnight stays or boarding services, you can make even more! Plus, there's something to be said about getting paid to cuddle cute animals all day - it's way more fun than staring at a computer screen!

Pet sitting is a rewarding side hustle that offers flexibility, low startup costs, and the opportunity to spend time with adorable animals. By leveraging platforms like Rover.com, you can build a thriving side hustle while making a positive impact on pet owners' lives. So, what are you waiting for? Unleash your inner pet whisperer and start your pet sitting adventure today!

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.