How to Money Friday Flight - Cheap Chinese AI, Free Tax Filing, & Outpacing Inflation #939
Jan 31, 2025
This week’s financial insights dive into the impact of cheap Chinese AI on markets and the intricacies of credit card strategies. Discover tips for free tax filing, navigating side hustle income, and the importance of understanding tax obligations. The podcast also touches on rising retail theft, the consumer ethics surrounding it, and the challenges in the electric vehicle market, such as funding and privacy concerns. Get informed on how to combat debt and make smarter financial choices as inflation looms.
AI Snips
Chapters
Transcript
Episode notes
Downgrading Credit Card
- Joel downgraded his American Express Blue Cash Preferred card to the no-fee version.
- He wasn't using the 6% grocery reward enough to justify the annual fee.
Chinese AI Disruption
- DeepSeek, a Chinese AI company, developed a product comparable to American AI, reportedly at a lower cost.
- This efficiency could benefit many tech companies by lowering AI development expenses.
Investment Strategy Amidst Market Volatility
- Continue investing consistently despite market fluctuations or narratives of overvaluation.
- Consider a more conservative portfolio (e.g., 60% bonds, 40% stocks) if nearing retirement.