Good morning. It's Thursday, Jan. 18, and we're covering how salary impacts your happiness, Mark Cuban's success, navigating the real estate's rough waters, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: January 18, 2024. | US stocks stumbled on Tuesday, with investors still focused on the path of interest rates after a lackluster start to earnings season that kicked off with big bank results.
Boeing (BA) dragged on the Dow Jones Industrial Average (^DJI), which ended the session down 230 points, while the S&P 500 (^GSPC) shed 0.4%. The tech-heavy Nasdaq (^IXIC) ended slightly lower despite flipping into green territory several times during trading as chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) rose.
Goldman Sachs stock (GS) ended fractionally higher after the bank reported a fourth quarter earnings jump of 51% year over year. Goldman Sachs said its full-year net income of $8.52 billion for 2023 was down 24% as dealmaking slowed across the industry. | |
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| | Financial Maverick Insights | | | | | How your salary impacts your happiness |
Whether you're at the top or bottom of the income ladder, people say more money makes you happier; however, there might be a catch. Money can buy happiness, but research shows it doesn't last.
Let's connect the dots.
Over the last few years, workers have been making more money. According to the Federal Reserve, wage growth hit a peak of 6.7% in the summer of 2022. But moving up may not come with happiness.
Some studies have shown that those who make more are indeed happier, but financial experts say that happiness is short-lived. The expiration date on the thrill of a raise only lasts about three months. So it may not be the money making you happy. The switch from negative financial thoughts to positive ones have a bigger impact, research shows.
Experts say you can prolong that happiness by trying to save that extra income instead of spending it upfront.
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| | | | | | Mark Cuban: 'Success isn't necessarily how much money you have'—here's how he defines it | Mark Cuban says his net worth isn't what makes him successful — it's his ability to to stay focused on doing fulfilling work every day.
"Success isn't necessarily how much money you have," Cuban, 65, recently told LinkedIn's "The Path" podcast. "Success is just setting a goal and being able to wake up every morning feeling really good about what you've accomplished." | Cuban, a serial entrepreneur and star of ABC's "Shark Tank," has a net worth of $5.1 billion, according to Forbes. His first taste of wealth came at age 32, when he sold his first business — a software company called MicroSolutions — to CompuServe for $6 million.
It might be easier to downplay the importance of money when you have a lot of it, but Cuban has repeatedly doubled down on the idea that he'd be just as happy without his financial assets. He'd "for sure" be happy with 1% of his net worth if he had his "same family and everything," he told CBS's "Sunday Morning" in January. |
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| Real Estate News |  | 2024 will see increased real estate agent mobility: Relitix - HousingWire | Relitix's Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased agent mobility as we move into 2024. |
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|  | Real estate agent helps community members become homeowners - 47abc | Real Estate Professional Nicole Schreibstein Abbot hosting a seminar Sunday with some tips for those looking to buy their first home. |
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|  | Unlocking Success: The Power of Follow-Up In Recruiting Real Estate Agents | In the competitive realm of real estate, recruiting agents is a pivotal task, and the fortune often lies in the |
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|  | Navigating the Real Estate Market's Rough Waters: A 2024 Outlook | The real estate industry grapples with low investment property turnover, an oversupplied office market, and government intervention affecting residential sales profitability. |
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| | Personal Finance Tips |  | When Does Tax Season Start? Here Are Key Dates to Help Get Your Refund Fast | For most taxpayers, the tax filing deadline is Monday, April 15, this year. |
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|  | Lessons from the year's top finance books |
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|  | 5 big money traps to avoid in 2024, according to experts | The potential for changes like interest rate cuts could create new money traps this year. Here are five to avoid. |
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|  | Financial literacy: 4 tips to help you manage your money | Financial literacy is an important topic and one that is all-too-often avoided because of the complexity. Representatives of RTP Federal Credit Union offer four great tips to focus on finances without becoming overwhelmed. |
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| | Alternative Investing |  | 2 AI Stocks to Buy if There's Another Stock Market SellOff | Here are two attractive Canadian AI stocks you can buy if the market slides again in 2024. |
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|  | How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin's Anonymity | Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. Then a grad student named Sarah Meiklejohn proved them all wrong—and set the stage for a decade-long crackdown. |
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|  | Crypto Trader Capitalizes on Elon Musk's Twitter Bio Change, Profits $1M | Musk's profile change gained attention, driving a surge in TROLL token – 251% increase in under 24 hours and 13,208% rise in six days. |
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