Hey All,
This is Issue #014 of the Talk Money Weekly. To get your mind moving on the topic of money every week, I curate and share trending conversations around money, business, current events, and pop culture from Twitter, my favorite podcasts, and other platforms.
The 2020 elections are next week! This is going to be intense.
Have you checked out our latest episode, BLACK IN BUSINESS? Season 3 is right around the corner! Big episodes and even bigger guests! Can't wait to share with you.
One small favor. If you're enjoying this curated list, please forward it to your friends. I would greatly appreciate it!
📈Markets & Business:
Donald Trump Owes $1.1 Billion!
Trump has accumulated a ton of debt on his real estate portfolio. A portfolio that includes hotels and golf courses, which have been in trouble due to the pandemic. He owes about $900M in debt payments over the next four years.
All the hotels and properties he owns are financed by the banks, which he owes the money to, or at least his company owes the money to. If we've learned anything from the banking system, it's that they come for their money. It doesn't matter who you are or what's going on. Dive into the thread to learn more.
Why Don’t We Have Low-Cost/At-Home COVID Testing?
Testing in the US has been a disaster. Yes, we have access to more testing now than we did before, but it can be expensive, and take a long time. It's hard to know what's happening here. The FDA won't approve tests made by certain companies. Tests available internationally are being blocked by the US.
Is this is a Big Pharma conspiracy? With billions of dollars on the lines, I wouldn't be surprised. This only relates to testing and doesn't even consider a vaccine. Investor Bill Gurley (Uber, Zillow) investigates on this excellent Twitter thread.
Backed by Billions of Dollars, Media Company Quibi Shuts Down
What happens when you get some of Hollywood's biggest executives, match them with massive stars, and receive investments from companies like Disney? Nothing...nothing happens. Quibi is a company that raised billions of dollars, to create original content made for the phone.
NOBODY cared. Nobody. Why? We don't need original content for our phone! We have plenty of it between Youtube, TikTok, IG, etc. Yes, Quibi took a big risk, but they also didn't test out their product early on. They just made a lot of assumptions. They should've spent the money on bringing us a new season of Ted Lasso instead.
How Much Does a Jar of Peanut Butter Cost?
The Hustle does a good job of breaking down fun business concepts. Nerdy Nuts is a DTC peanut butter company, doing about $500,000 of sales a month. That's pretty amazing! What's the cost breakdown of a jar of peanut butter? See for yourself. Lots of PB puns on this thread.
🎥 Politics & Entertainment:
Mark Cuban Says No More Two-Party System!
Investor Mark Cuban has been very vocal about his feeling on the two-party system. In this thread, Cuban says that we should all be independent, and stop donating to both Democrats and Republicans. This is interesting in theory. Will this help us get more done for the country, especially for the people that need it most?
Are the incentives from big donors too large to be disrupted? Would that cause more harm? I have no idea. The commentary on this thread is very interesting.
How Much Money Do Youtubers Make?
The short answer? It can be a lot. It takes years to build a Youtube following. From what I understand, if you made great content and post consistently, it takes about two years to build a following. Graham Stephan's has over 2.5M subscribers. That's A LOT. He makes business, real estate, and investing content. Making content is hard. It takes a lot of time. It takes discipline. It takes commitment. It takes talent.
But, it can pay off. In Graham's case, his videos are now receiving enough views where he can earn up to $10,000 a DAY. This past year he made almost $2M in Youtube ad revenue. I love it. Creators are taking over! That's all for this week! I hope you enjoyed the FOURTEENTH issue of Talk Money Weekly.
If you haven't already subscribed to my podcast, Talk Money, do so here. Make sure you listen to our latest episode "Black in Business". Stay tuned for our trailer for Season 3 which is going to be pretty amazing. More on that soon.
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