Hello, FIREMaker, it’s been an amazing launch week. Thank you so much for your support. Enjoy the first edition of the GenFIRE newsletter!

Generational

Dan Ives: Tesla is a long-term generational growth tech stock, not just a car company

Renowned tech analyst Dan Ives sat down with San Eng to share his view on Tesla, and how it can build generational wealth. In a conversation with San, Dan explained why he believes Tesla is not just another car company, but a long-term growth tech stock.

According to Dan, many people still view Tesla as an automaker. Dan also drew a comparison to Apple, a company that he sees not just as a hardware manufacturer, but as a software and ecosystem provider. Both Tesla and Apple, according to Dan, are businesses that are creating new markets and changing the way we interact with technology.

Dan also puts emphasis on looking forward to what an investment can do in a decade and not just from quarter to quarter. You can watch the full video here.

Fun

Play to Learn: Landlord Go!

Learn about investing as early as 8 years old!

Landlord Go is an amazing game rated 4.2 stars on app stores. Experience the world’s first business simulation game that features real-life properties from across the globe! Manage your properties and get the feel of being a real estate mogul.

Acquire iconic landmarks such as the Eiffel Tower, Empire State Building, or any property in your own neighborhood. Compete on the global property marketplace and vie for the best locations.

Show off your business prowess or showcase your unique property collection. The real estate market has never been more enjoyable and accessible. Learn the ins and outs of the industry and compete against your friends and family to own the most desirable properties in the area. Earn rental income from each of your properties and increase your empire’s value each day!

Just like in real life, the economy is never completely stable and can be influenced by numerous factors. Landlord Go’s changing trends provide new opportunities every day, with the value of certain properties fluctuating accordingly. Learn more about Landlord Go! here.

Innovation

Eva Lau of Wattpad (sold: $600m) – how we predicted the rise of machine learning

Eva Lau and her husband Allen Lau co-founded and grew Wattpad with Ivan Yuen, selling it for $600m. In an interview with San, Eva recalled how the team foresaw and used machine learning to revolutionize reading and writing with Wattpad.

Eva helped Wattpad build one of the biggest communities of storytellers online. The company had over 80 million users daily and produced bestselling books and box office blockbusters. Wattpad opened doors for content creators by providing a platform online that translated into books and movies offline. Watch San’s full interview with Eva here.

Real Estate

Village built on tombstones inspires a teenager to GenFIRE

Oia Eng’s inspiration to join the Peace Corps and advocate for financial literacy came from a life-changing experience she had while traveling through Cambodia. She witnessed how some Cambodians built villages on cemeteries and built shacks on top of the tombstones. This experience ignited a deep desire within her to help people learn about financial literacy and how it could change their lives.

In this interview with former NFL star Will Smith, she recounts what she saw and how it led to co-writing the Wall Street Journal and USA Today bestselling book, the Ten Commandments of Investing. Watch the full interview here.

San recently closed her first multimillion multifamily deal and competed as the youngest General Partner in Grant Cardone’s Real Estate King. She’s on her way to becoming financially independent, paying for her own education, and eventually joining the peace corps to give back to those in need.

Education

Do we need degrees after all?

A census from a few years ago presented some interesting numbers about the correlation between Median Household Income in the US by Ethnic Group and the Percentage of an Ethnic Group’s Population with a Bachelor’s Degree.

The 2015 US Census Bureau reveal that four out of the top seven ethnic groups with the highest MHI have over 45% of their population holding a bachelor’s degree.

What do you think about these statistics? Join the discussion in our Facebook Group!