Financially Free Era by SLP Wealth Discontinued Pennies, Finfluecers Arrested, Fartcoin: Summer Financial Headlines Unpacked
Jul 11, 2025
Discuss the wild world of meme coins like Fartcoin and their surprising role in mortgage eligibility. Explore how Elon Musk's political moves are influencing Tesla's stock and the risks of using 'Buy Now, Pay Later' services on your credit score. Uncover the end of penny production and its hidden costs. Plus, learn about the used car market's impending price spikes and the crackdown on financial influencers. Dive into the changes in airline policies impacting travelers and the importance of preparing for emergencies!
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Crypto in Mortgage Eligibility
- FHFA is considering allowing crypto assets like meme coins to count toward mortgage eligibility.
- This introduces volatility risk since crypto values can fluctuate dramatically and unpredictably.
Founder Risk in Tesla Stock
- The value of Tesla stock is closely tied to Elon Musk's personal and political actions.
- Founder risk means a company's stock can be volatile if its value relies on a single charismatic leader.
Be Cautious with Buy Now, Pay Later
- Avoid overusing Buy Now, Pay Later options as multiple small loans can rapidly add up and hurt your credit score.
- Use these options cautiously and treat them as debt, not budgeting tools.