Friday Flight - A Credit Win For Renters, Fake Free Filing, & Garbage Furniture #783
Feb 2, 2024
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This episode covers topics such as credit wins for renters, fake-free filing, and declining furniture quality. They discuss boosting credit scores for renters with Zillow and also touch on remote work challenges, a discounted superfood shake, estate planning, life insurance recommendations, and the decline in furniture quality. They also provide tips on banking, getting a discounted pizza, and the best TVs for streaming sports.
Remote workers should consider building up their savings as a precaution against potential layoff risks.
Working part-time during adolescence can provide valuable experience and long-term benefits for future career prospects.
Deep dives
Remote workers at higher risk of layoffs
Fully remote workers experienced a higher layoff rate compared to hybrid or in-office workers last year, highlighting the potential risk of job security for remote employees. When companies downsized, remote workers were more likely to be the first to be let go. This trend may be attributed to the lack of face-to-face contact and the ease of eliminating remote positions. Remote workers should be aware of this potential risk and consider building up their savings as a precaution.
Teen employment on the rise
Teen employment reached a 14-year high, with more young workers finding part-time jobs. The increase in teen employment is influenced by a growing number of job openings and higher wages being offered to younger workers. While part-time jobs may not offer substantial paychecks, they provide valuable experience and the opportunity to develop essential skills. Working part-time during adolescence can have long-term benefits for future career prospects.
The perils of fast furniture
Online furniture sellers are facing criticism for producing low-quality products that wear out quickly. Many of these sellers use shoddy manufacturing techniques that result in furniture that does not last as long as traditional pieces. Consumers are advised to research and read reviews before purchasing furniture online, and to consider buying from reputable retailers with positive customer feedback. Additionally, investing in well-made, durable furniture may be a better long-term investment, despite higher upfront costs.
Walmart offers stock grants to store managers
Walmart has introduced stock grants for store managers, incentivizing their employees to have a stake in the company's success. The move aligns with founder Sam Walton's philosophy of treating employees well and fostering a sense of ownership. While investing heavily in a single stock is not recommended, participating in employee stock purchase plans at a discount can be beneficial. Employees can sell the shares and reinvest in a diversified portfolio for better long-term financial outcomes.
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: best sources for discounted travel, credit win for renters, interest rates x home prices, fake free filing, garbage furniture, second guessing your spending, teen jobs, another WFH tradeoff, employee compensation, & employee stock purchase plans.
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