Scott Galloway, Ramit Sethi dispel money myths
Scott Galloway, a serial entrepreneur and NYU professor, recently interviewed Ramit Sethi, bestselling author of “I Will Teach You To Be Rich” on his podcast "The Prof G Show". The two experts set out to dispel common financial myths that can hold Americans back from realizing their wealth goals. For example, when asked whether owning a home is essential for “being rich,” Sethi replied, “no, not necessarily.” His unconventional advice for achieving wealth deviates from mainstream financial guidance and popular belief. Nearly 40% of Americans believe real estate is the best long-term investment, yet Sethi, a self-proclaimed multi-millionaire, doesn’t own a home. So, what gives? This topic is just one of many Sethi addresses — so here are three tips that can be gleaned from his hour-long chat with fellow finance celeb Scott Galloway.
Scott Galloway, a serial entrepreneur and NYU professor, recently interviewed Ramit Sethi, bestselling author of “I Will Teach You To Be Rich” on his podcast "The Prof G Show". The two experts set out to dispel common financial myths that can hold Americans back from realizing their wealth goals. For example, when asked whether owning a home is essential for “being rich,” Sethi replied, “no, not necessarily.” His unconventional advice for achieving wealth deviates from mainstream financial guidance and popular belief. Nearly 40% of Americans believe real estate is the best long-term investment, yet Sethi, a self-proclaimed multi-millionaire, doesn’t own a home. So, what gives? This topic is just one of many Sethi addresses — so here are three tips that can be gleaned from his hour-long chat with fellow finance celeb Scott Galloway.
U.S.-Canada trade war could hit families hard
Canadians and Americans have shared battlefields from Vimy Ridge to Kandahar. But they’re now bracing for an economic war against each other. Canadian economist Mike Moffatt is sounding the alarm about this 150-year old alliance unraveling as Trump’s tariffs reshape public opinion north of the border. “I think it's a combination of we're hurt and angry,” said former advisor to ex-Prime Minister Justin Trudeau on a recent episode of The Prof G podcast. He warned that the trade war could cripple the Canadian economy while also imposing hard costs on ordinary Americans by diminishing U.S. soft power.
Canadians and Americans have shared battlefields from Vimy Ridge to Kandahar. But they’re now bracing for an economic war against each other. Canadian economist Mike Moffatt is sounding the alarm about this 150-year old alliance unraveling as Trump’s tariffs reshape public opinion north of the border. “I think it's a combination of we're hurt and angry,” said former advisor to ex-Prime Minister Justin Trudeau on a recent episode of The Prof G podcast. He warned that the trade war could cripple the Canadian economy while also imposing hard costs on ordinary Americans by diminishing U.S. soft power.
How Donald Trump's tariffs hurt American farmers
President Donald Trump’s tariff threats has American crop farmers facing a precarious situation. In early March, Trump imposed 25% tariffs on imports from Canada and Mexico (10% for energy products, critical minerals and potash) that are not compliant with the United States-Mexico-Canada Agreement (USMCA). Many other tariff announcements and threats have been made since, but potash is one product of particular interest to farmers. Potash is a key fertilizer ingredient widely used by U.S. crop growers, and around 80% of potash imports come from Canada, according to government data. Canada produces more potash than any other country in the world. Potentially slapping tariffs on this farming product has experts worried about farmers facing further financial struggles, which may lead to increased consumer costs. Here’s why.
President Donald Trump’s tariff threats has American crop farmers facing a precarious situation. In early March, Trump imposed 25% tariffs on imports from Canada and Mexico (10% for energy products, critical minerals and potash) that are not compliant with the United States-Mexico-Canada Agreement (USMCA). Many other tariff announcements and threats have been made since, but potash is one product of particular interest to farmers. Potash is a key fertilizer ingredient widely used by U.S. crop growers, and around 80% of potash imports come from Canada, according to government data. Canada produces more potash than any other country in the world. Potentially slapping tariffs on this farming product has experts worried about farmers facing further financial struggles, which may lead to increased consumer costs. Here’s why.
Egg prices are cracking — but not for long
Grocery shoppers have been forced to scramble since egg prices have been consistently high. With the cost of Grade A eggs hitting a record high of $5.90 per dozen in February, many consumers have had eggs on their faces. This was the highest price consumers had ever paid for eggs, nearly double what they had paid the previous year. Some relief may finally be on the way, as the wholesale egg prices have started to fall. However, Easter and a lag between the changes in wholesale and consumer prices may mean that relief doesn't come immediately for frustrated grocery shoppers, many of whom have struggled with high food inflation since the pandemic.
Grocery shoppers have been forced to scramble since egg prices have been consistently high. With the cost of Grade A eggs hitting a record high of $5.90 per dozen in February, many consumers have had eggs on their faces. This was the highest price consumers had ever paid for eggs, nearly double what they had paid the previous year. Some relief may finally be on the way, as the wholesale egg prices have started to fall. However, Easter and a lag between the changes in wholesale and consumer prices may mean that relief doesn't come immediately for frustrated grocery shoppers, many of whom have struggled with high food inflation since the pandemic.
DEI out, MEI in? This Harvard economist thinks so
If you’ve been following the plans of the Trump administration, you've likely heard a lot about DEI – diversity, equity, and inclusion. DEI programs focus on ensuring fair treatment and equal participation for everyone, particularly targeting biases against marginalized groups in workplaces, college campuses, and organizations. But the Trump administration wants DEI gone, labeling DEI government programs “radical” and “wasteful.” Tesla CEO Elon Musk's Department of Government Efficiency (DOGE) has regularly used the term in its updates about "wasteful" contracts and grants it has cancelled. Now, there’s a new acronym grabbing attention – MEI, short for merit, excellence, and intelligence. Harvard economist Roland Fryer dubbed MEI "the new corporate rage" in a recent op-ed for The Wall Street Journal. So is MEI writing DEI’s obituary?
If you’ve been following the plans of the Trump administration, you've likely heard a lot about DEI – diversity, equity, and inclusion. DEI programs focus on ensuring fair treatment and equal participation for everyone, particularly targeting biases against marginalized groups in workplaces, college campuses, and organizations. But the Trump administration wants DEI gone, labeling DEI government programs “radical” and “wasteful.” Tesla CEO Elon Musk's Department of Government Efficiency (DOGE) has regularly used the term in its updates about "wasteful" contracts and grants it has cancelled. Now, there’s a new acronym grabbing attention – MEI, short for merit, excellence, and intelligence. Harvard economist Roland Fryer dubbed MEI "the new corporate rage" in a recent op-ed for The Wall Street Journal. So is MEI writing DEI’s obituary?
Social Security at Risk Despite Musk's Assurances
Elon Musk, the billionaire unofficially running the Department of Government Efficiency (DOGE), said on X he’s “increasingly optimistic” about the future of retirement benefits, adding there was “potential to increase actual dollars received by citizens.” But he has Social Security in his sights as he claims the program is rife with fraud and wasteful spending, going so far as to describe it as a “Ponzi scheme” In a recent interview with Fox, Musk said DOGE's efforts will shore up the program against fraud, and that the main beneficiaries will be "legitimate people" who collect monthly checks. "What we're doing will help their benefits, he said, adding that "the fraud prevention measures we're putting in place will ensure that somebody can't take your Social Security." President Donald Trump and Musk say they’re targeting all entitlement programs — including Social Security, Medicare and Medicaid — for cuts, claiming waste. That may leave people wondering about the long-term future of their Social Security benefits.
Elon Musk, the billionaire unofficially running the Department of Government Efficiency (DOGE), said on X he’s “increasingly optimistic” about the future of retirement benefits, adding there was “potential to increase actual dollars received by citizens.” But he has Social Security in his sights as he claims the program is rife with fraud and wasteful spending, going so far as to describe it as a “Ponzi scheme” In a recent interview with Fox, Musk said DOGE's efforts will shore up the program against fraud, and that the main beneficiaries will be "legitimate people" who collect monthly checks. "What we're doing will help their benefits, he said, adding that "the fraud prevention measures we're putting in place will ensure that somebody can't take your Social Security." President Donald Trump and Musk say they’re targeting all entitlement programs — including Social Security, Medicare and Medicaid — for cuts, claiming waste. That may leave people wondering about the long-term future of their Social Security benefits.
USDA cuts add to food insecurity in North Texas
There are more food-insecure families in Texas than any state in the nation. The problem is acute in Dallas-Fort Worth, where one in seven — a third of them children — face hunger. "In North Texas, things have been tight,” Anne Readhimer, Chief Impact Officer for North Texas Food Bank, told CBS News. “Everyone is just needing a little bit more help these days.” That’s why the axing of the USDA’s Local Food for Schools Cooperative Agreement Program and Local Food Purchase Assistance Cooperative Agreement Program (LFPA) hits hard. Readhimer said the food bank and schools in North Texas relied on these programs to get fresh produce to those in need. "We’re still waiting to get a better understanding of how we’re going to make up for it.” she said.
There are more food-insecure families in Texas than any state in the nation. The problem is acute in Dallas-Fort Worth, where one in seven — a third of them children — face hunger. "In North Texas, things have been tight,” Anne Readhimer, Chief Impact Officer for North Texas Food Bank, told CBS News. “Everyone is just needing a little bit more help these days.” That’s why the axing of the USDA’s Local Food for Schools Cooperative Agreement Program and Local Food Purchase Assistance Cooperative Agreement Program (LFPA) hits hard. Readhimer said the food bank and schools in North Texas relied on these programs to get fresh produce to those in need. "We’re still waiting to get a better understanding of how we’re going to make up for it.” she said.
How to save money on your energy bill
President Donald Trump is not a fan of wind energy, in part because he believes it’s having an adverse effect on the whales. “You know, in one area, they lost two whales, like, in 20 years washed ashore,” the president told reporters at the White House recently, “This year they had 17 wash ashore. So, there’s something [that] happened out there. There’s something driving the whales a little bit loco.” While many scientists dispute this claim, the fact is that the president is taking action to slow or even stop the development of this energy source. Specifically, he has temporarily halted the new leasing of federal waters for offshore wind projects. He has also directed federal agencies to pause permits and approvals of on- and off-shore wind development, including the already approved Lava Ridge Wind Project in Idaho. Unfortunately, this will impact American jobs, as the offshore wind sector was expected to employ 56,000 more people by 2030, according to a report by American Clean Power. It could also affect both the reliability and cost of electricity. Research has shown that producing wind power can be a very cost-effective way of providing power. Texans, for example, are saving as much as $20 million per day thanks to wind and solar energy, according to the Rocky Mountain Institute. With the development of wind power paused, the result could be higher energy bills. Consumers should start preparing for this possibility by taking a few key steps to help keep their utility costs down. Here are three options.
President Donald Trump is not a fan of wind energy, in part because he believes it’s having an adverse effect on the whales. “You know, in one area, they lost two whales, like, in 20 years washed ashore,” the president told reporters at the White House recently, “This year they had 17 wash ashore. So, there’s something [that] happened out there. There’s something driving the whales a little bit loco.” While many scientists dispute this claim, the fact is that the president is taking action to slow or even stop the development of this energy source. Specifically, he has temporarily halted the new leasing of federal waters for offshore wind projects. He has also directed federal agencies to pause permits and approvals of on- and off-shore wind development, including the already approved Lava Ridge Wind Project in Idaho. Unfortunately, this will impact American jobs, as the offshore wind sector was expected to employ 56,000 more people by 2030, according to a report by American Clean Power. It could also affect both the reliability and cost of electricity. Research has shown that producing wind power can be a very cost-effective way of providing power. Texans, for example, are saving as much as $20 million per day thanks to wind and solar energy, according to the Rocky Mountain Institute. With the development of wind power paused, the result could be higher energy bills. Consumers should start preparing for this possibility by taking a few key steps to help keep their utility costs down. Here are three options.
Jamie Dimon says DOGE 'needs to be done'
Billionaire Elon Musk — and his work at The Department of Government Efficiency (DOGE) — have drawn significant attention in recent weeks. At one event, he even waved a chainsaw on stage, seemingly symbolizing DOGE’s aggressive approach to cutting wasteful spending and reducing unnecessary regulations. While DOGE has faced criticism, JPMorgan Chase CEO Jamie Dimon has acknowledged the need for its efforts. “The government is inefficient, not very competent and needs a lot of work,” Dimon said in a recent interview with CNBC’s Leslie Picker. The discussion arose when Picker asked Dimon whether he supports the so-called “chainsaw approach” DOGE is taking to the federal government. Although Dimon declined to give what he called a “binary” answer, he stressed the need for scrutiny in government spending — a key focus of DOGE’s efforts. “It’s not just waste and fraud, it’s outcomes. Why are we spending the money on these things? Are we getting what we deserve? What should we change? I think doing that needs to be done,” he said. “I’m hoping it’s quite successful.” Regardless of whether DOGE’s efforts succeed, Dimon’s perspective can serve as a useful reminder in our personal lives: cutting waste isn’t just about spending less — it’s about making sure your money is working for you. Here’s a look at three areas where you could save money in 2025 — and beyond.
Billionaire Elon Musk — and his work at The Department of Government Efficiency (DOGE) — have drawn significant attention in recent weeks. At one event, he even waved a chainsaw on stage, seemingly symbolizing DOGE’s aggressive approach to cutting wasteful spending and reducing unnecessary regulations. While DOGE has faced criticism, JPMorgan Chase CEO Jamie Dimon has acknowledged the need for its efforts. “The government is inefficient, not very competent and needs a lot of work,” Dimon said in a recent interview with CNBC’s Leslie Picker. The discussion arose when Picker asked Dimon whether he supports the so-called “chainsaw approach” DOGE is taking to the federal government. Although Dimon declined to give what he called a “binary” answer, he stressed the need for scrutiny in government spending — a key focus of DOGE’s efforts. “It’s not just waste and fraud, it’s outcomes. Why are we spending the money on these things? Are we getting what we deserve? What should we change? I think doing that needs to be done,” he said. “I’m hoping it’s quite successful.” Regardless of whether DOGE’s efforts succeed, Dimon’s perspective can serve as a useful reminder in our personal lives: cutting waste isn’t just about spending less — it’s about making sure your money is working for you. Here’s a look at three areas where you could save money in 2025 — and beyond.
Vermont distillery loses business due to tariffs
When Caledonia Spirits, a Vermont-based distillery known for its Barr Hill Gin, spent four months preparing an order for shipment to Quebec, the company expected their bottles to reach customers across the border. Instead, after President Donald Trump announced tariffs on Canada in early February, the order was abruptly canceled. This decision is leaving the business with unsellable inventory and an uncertain future in the Canadian market. The company creates bottles and labels to meet Canadian regulations, meaning they can't easily repurpose the spirits in other markets. The situation is not unique to Caledonia Spirits. Vermont’s Secretary of Commerce, Lindsay Kurrle, described the issue as a major disruption for small businesses exporting to Canada. “Vermont producers who have prepared alcohol to be sold in Canada are left with this alcohol that can’t just be sold here,” Kurrle said at a press conference. “It’s not an easy fix. It costs money. It takes investments.”'
When Caledonia Spirits, a Vermont-based distillery known for its Barr Hill Gin, spent four months preparing an order for shipment to Quebec, the company expected their bottles to reach customers across the border. Instead, after President Donald Trump announced tariffs on Canada in early February, the order was abruptly canceled. This decision is leaving the business with unsellable inventory and an uncertain future in the Canadian market. The company creates bottles and labels to meet Canadian regulations, meaning they can't easily repurpose the spirits in other markets. The situation is not unique to Caledonia Spirits. Vermont’s Secretary of Commerce, Lindsay Kurrle, described the issue as a major disruption for small businesses exporting to Canada. “Vermont producers who have prepared alcohol to be sold in Canada are left with this alcohol that can’t just be sold here,” Kurrle said at a press conference. “It’s not an easy fix. It costs money. It takes investments.”'
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