Tiktok Romance, Hitting a Networth Milestone...

Author

Rimi Lala
July 28, 2024

Heyy Friends! How’s it going?

Welcome to my newsletter, I am so excited you are here!

In case we haven’t met, I’m Rimi! I’m a personal finance, travel and lifestyle content creator. I’m also a data analyst by day and I work at a cool children’s game company.

What’s Rimi up to!!!

I’ve been off social media for a while and it was so hard the first few days! Let’s not get into it but try a social media detox today and thank me. While I’ve been away, I’ve been missing out on my fave TikTok romance. Tyler and Gabby, I swing my legs while watching their videos like cheeee! (I know this is very niche lol)

Also, I realized I do have a lot of time on my hands since going off social media and here’s what I’ve been up to;

  • I’ve been in my plant mom era, repotted two of my plants and they are all thriving now thankfully.

  • I’ve been solving a lot of sudoku, if you don’t know by now I’m a little bit of a nerd so I enjoy things like that. I’m also on a search for a board game buddy because I have so many board games but nobody to play them with!

  • My fave thing is that I’ve been writing more, I have since posted 3 blog posts and I have about 20 scheduled. Don’t play with my work rate!

My first Solo trip to Panama! — WealthSavvyGenZ - Helping you make smarter money decisions

I’m in my Solo Trip Era and decided to debut this achievement by visiting 2 countries on my first rodeo, Panama and Colombia! I travelled to 2 countries, visited 4 cities, took 8 flights and travelled for 14 days! I had the time of my life!

www.wealthsavvygenz.com/blog/my-first-solo-trip-to-panama

Onto some good money news, I hit a net worth milestone! I’m so proud of myself because I did this in 2 years, as of 2022 I just finished paying off my student loans and here I am. I’m so grateful and in my next newsletter, I’ll talk about how I was able to achieve this.

That’s enough about me!

Let me know what you have been up to, you can reply to this email!

Money Tea!!!

This past week has been really interesting for the financial markets and the Canadian financial scene.

  • Bank of Canada has reduced the rates again and it’s currently 4.5%, here are some ways this could affect you. Wealthsimple is already reducing its cash account rate to 3.5% (Their version of a high-interest savings account), so expect to see more cuts with your savings accounts!

  • The financial markets have been turning on their own, a whopping $770 billion was lost this past week. The Nasdaq Index had its worst day since October 2022 and all of this happened after underwhelming earnings reports from some of the top companies in the US. The stock market has been on a bull market rally in 2024 led by big tech, specifically the Magnificent Seven and we might be seeing some correction in the market with their recent fall. One thing to learn from this is to always have a diverse portfolio cause you can never predict the market.

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Time in the market always beats timing the market.

Kenneth Fisher

My Current Faves

I listen to the Diary of a CEO Podcast a lot and this is my recent fave just cause being on top of my health is very important to me!

I also read a lot and I enjoyed reading Funny Story, it was a very easy, light and fluffy read!

If you enjoyed reading this, I would love and appreciate your feedback so reply to this email.

Let me know what you want to see in my newsletters.

Cheers!

See you next week…