Psyche > Knowledge, Tesla Seizing SUV Market, Financial Independence before 20s, and Fun in Learning Investing

Generational

Losing $50m and Winning Even More: Mindset Over Knowledge

Rod Khleif shares valuable insights on mindset and psychology in his interview with San Eng. Despite facing difficult challenges, like losing $50 million in a single year, Rod’s positive mindset helped him overcome adversity. He started a personal podcast to share the lessons he learned, which quickly gained traction and has since become a purpose-driven enterprise with over 13 million downloads.

Today, Rod is dedicated to helping others achieve success in real estate through his podcast, seminars, and coaching. His passion for his work and personal life shines through in his teachings. Watch the full interview with San to gain valuable insights from Rod’s experience and learn how to cultivate a mindset that builds generational wealth.

Fun

Young FIREMakers Have Fun While Learning to GenFIRE

Aaahh, to be young.

YouTuber Book Fox and FIREMaker James Bohn enjoys an afternoon with his friend, Sammy, to learn about investing. In this episode, James and Sammy learn about respecting market cycles from San’s Wall Street Journal and USA Today bestselling book Ten Commandments of Investing.

They spent a day at the beach explaining how market cycles work using the waves of the sea and a rubber ducky. Curious how that works? Watch James and Sammy in action here.

Innovation

Tesla Set to Tighten Grip on Competitive SUV Market

Elon Musk is determined to increase Tesla’s market share in the American SUV market, as evidenced by the company’s fifth price cut this year. Despite its high starting price, the Model Y was one of the top-selling SUVs in the US last year. Tesla has since reduced the Model Y’s starting price by 24% and made it eligible for federal tax credits, making it more affordable and competitive with other premium SUVs.

Higher sales of the Model Y could lead to increased revenue and profitability for Tesla, making it more attractive to investors. A strong market position for the Model Y could also demonstrate Tesla’s ability to succeed in the highly competitive SUV market, further boosting investor confidence in the company’s future prospects. If the Model Y becomes the top-selling SUV in the US, it could have a significant positive impact on Tesla’s investment.

Real Estate

19-Year Young Oia Aims to Achieve Financial Independence thru Real Estate

Oia Eng closed her first multi-million dollar multifamily deal at 19, earning enough to pay for her 1st year at the University of Chicago. She aims to rinse and repeat her wins with larger deals every year to achieve financial independence.

When she graduates, she intends to pursue her dream and advocacy for financial literacy by joining the peace corps. Seeing the tombstone village in Cambodia sparked her dream and advocacy of giving back to those in need through financial education. Watch Oia detail the conditions of the tombstone village in this video.

Education

Wealth Makes You Live Longer

The life expectancy chart by the Global Health Data Exchange reveals that there is a significant difference in life expectancies between states in the US. Intriguingly. the chart from the University of Minnesota reflects that states with higher average annual income are the states that have higher life expectancies.

People living in states where life expectancy is lowest — where average household income is also lower — tend to live around 20 years less than those in states where life expectancy is highest. 

What do you think about this graph? Join the discussion in the GenFIRE Facebook Group!