Friday Flight - Blue Collar Cash, Restless Realtors, & Social Media for Savings #804
Mar 22, 2024
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Topics discussed include blue collar cash, restless realtors, social media for savings, mandatory 4-day workweeks, underwater cars, negotiating fees, no-loan degrees, and valuing leisure ethic. Explore the impact of recent developments on real estate transactions, the benefits of trading in cars, and maximizing Facebook for meaningful interactions.
Buyers can now negotiate fees directly with real estate agents, leading to more competitive pricing.
Blue collar professions offer lucrative opportunities and entrepreneurship due to a shortage of skilled workers.
Social media platforms like Facebook Marketplace help save money by facilitating buying and selling of used goods.
Deep dives
Changing Dynamics in Real Estate Fees
Real estate transactions are undergoing a shift in which buyers may now negotiate fees directly with agents, leading to more competitive pricing. While buyers may need to compensate their agents directly, this change is expected to reduce overall fees and provide more choice in the real estate market.
Encouraging Blue Collar Careers
The skilled trade industry continues to face a shortage of workers, particularly among Gen Z. However, pursuing blue collar professions can offer lucrative opportunities and room for entrepreneurship. With the decline in skilled laborers, there is a growing demand and financial potential in these fields.
Optimizing Social Media for Savings
Social media platforms like Facebook Marketplace serve as valuable tools for saving money on purchases by facilitating buying and selling of used goods. By utilizing platforms like Facebook groups and Marketplace, individuals can benefit from cost-effective options while avoiding unnecessary spending.
Potential Shifts in College Affordability
Some colleges are eliminating student loans, offering a debt-free education for students with financial need. This initiative represents a positive trend in making higher education more accessible and reducing student debt burdens. By leveraging endowments and financial aid, colleges can create more affordable pathways for students seeking higher education.
Opportunities in Blue Collar Entrepreneurship
Engaging in blue collar professions offers not only competitive salaries but also opportunities for entrepreneurship and small business ownership. With the impending retirement of many skilled workers, there is ample room for younger generations to enter the skilled trades and capitalize on the potential for growth and success in these fields.
Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: a reason for checked bag fees, mandatory 4-day workweeks, post-achievement life, right to disconnect, valuing a leisure ethic, underwater cars and diving used car prices, restless realtors, negotiating fees, blue collar cash, no-loan degrees, and social media is for savers.
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