Major Rate Cuts, Market Moves, and Headlines You Can’t Miss: A Deep Dive into This Week’s Biggest News | Money Moves

Millionaire Mindcast

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Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 18 September 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode Summary:
In this jam-packed episode, hosts Anthony Leonetti and Ryan discuss the most significant news stories of the week, including the highly anticipated rate cuts, shocking headlines, and the latest developments in the stock market. From the unexpected arrest of Sean "Diddy" Combs on serious charges to the surprising financial success of OnlyFans, the conversation covers a broad spectrum of topics. They also delve into the booming stock market, the latest from the real estate sector, and what these rate cuts mean for the economy and investors. The episode wraps up with a thoughtful discussion on long-term wealth building and the impact of financial literacy.

Time-Stamped Sections:

[00:00:00] - Introduction: Big Week Ahead and Key Reports
[00:01:00] - Sean "Diddy" Combs Arrested: Unpacking the Shocking News
[00:03:00] - The Financial Success of OnlyFans and Its Creators
[00:07:00] - Wealth Management: Lessons from Professional Athletes and OnlyFans Creators
[00:16:00] - Market Movements: Oracle's Rise and the Impact of AI
[00:27:00] - Attempted Assassination of Trump: Details and Reactions
[00:32:00] - Rate Cut Expectations: What Could Happen Next
[00:42:00] - Real Estate and Mortgage Rates: What the Latest Data Shows
[00:47:00] - The Crock-Pot of Wealth: Building Long-Term Financial Freedom

Notable Quotes:

"Compounded interest is backloaded, but when it starts, it doesn't really stop."
"You can focus on two asset classes, get the benefits of both long-term, and ride them both into the sunset."
"This is why policy matters. And ultimately, this is why politics matter."
"Wealth is made in the crockpot, not the microwave."

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Transcript

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0:00.0	Wealth is made in the crockpot, not the microwave.
0:03.2	And it takes the typical self-made millionaire over 30 years to obtain their wealth.
0:10.7	Less than 1% of them do it before the age of 40.
0:20.4	We are back, we are back, we are back. We are back. We got a lot to cover today because we've got a lot of news, a lot of reports coming out this week.
0:31.0	It's a big day, big week. This is actually the biggest week in two years.
0:34.5	I was going to say, looking at every report that is coming out this week, they all feel big.
0:38.8	But of course, there's some that are going to be a little bit bigger than others, the biggest
0:44.6	being the rate cut.
0:46.4	Ray cut today is going to be.
0:48.9	Yes.
0:49.3	So we're going to cover that.
0:51.2	We've got some political news for you guys, some economic news. Of course, rate cuts,
0:57.5	we'll be talking about, stock markets, some interesting news, been rolling out with milestones being
1:04.2	hit there, some single family stuff. So we got a little bit of everything this week. That being
1:09.6	said, why don't we dig it on some of the
1:13.1	crazy headlines that are coming out this week? We've got Mr. Sean Diddy Combs has officially
1:20.2	been arrested on sex trafficking charges. Let's see. Kind of saw that one coming. Saw that one coming.
1:27.0	Sex trafficking and racketeering according to a federal indictment unsealed Tuesday.
1:31.2	Combs has been arrested late Monday in Manhattan, roughly six months after federal authorities conducting
1:36.9	his sex trafficking investigation raided his luxurious home in Los Angeles.
1:41.5	They found hundreds of lubricant bottles, three AR-15s, and a bunch of other
1:46.8	weird stuff that they put in this report. I didn't see the list. Yeah, they...
	...

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