Rambling Mind

Rambling Mind

By Kelechi IwuabaBusiness
Download on the App Store

Rambling Mind episodes

  • Warning Signs from Job Report, Trump kills Stimulus Package Hopes, Big Tech Break Up

    Welcome back to the Podcast and thank you for listening. This week we are focused on the Job Market as this is basically defining our economy at the moment. Unemployment dropped from 8.4% to 7.9%, but that does not tell the whole story. Trump also decided to kill any progress that may have been made in moving towards a new Stimulus Package. And Big Tech might be getting broken up due to antitrust and anticompetitive behavior.

    • Unempoyment falls but less hiring: https://bit.ly/3jGZ69c
    • 661,000 jobs added in September: https://wapo.st/2GDAwYu
    • Increase in layoffs from corporations like Disney, Airlines, Goldman Sach: https://bloom.bg/3lqNRm2
    • Trump's Stimulus Death Tweet: https://bit.ly/2FavXUV
    • Deloitte Survey on Oil Jobs: https://bit.ly/3nsVEBC
    • NextEra more valuable than ExxonMobile: https://cnn.it/3d89FzD
    • Oil Jobs lost due to price drop: https://bit.ly/2SD6Du0
    • Antitrust Report by House of Representatives: https://bit.ly/36HbAKp
    • Google vs Oracle: https://bit.ly/3jAU6D4

      • Check out the Website: https://ramblingmindshow.com/

      If you have questions email me at [email protected]

      Find me on all the socials below:
      www.instagram.com/ramblingmindshow/
      youtube.com/leechimane
      twitter.com/kelechiwuaba

      Join Webul and 2 free Stocks: act.webull.com/kol-us/share.html
      Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
      Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC

      Cover Art: www.instagram.com/bydissirama/

      26 min
    • How to Prepare for Christmas Shopping Season

      Check out the website: https://ramblingmindshow.com/

      The most expensive holiday for a lot of us is Christmas. We spend the most amount on money and I would like to say it's on others but we selfish. It is estimated by a study by Gallup that we will spend about $1 trillion he's with a T on Christmas this year. With each consumer spending about $1000. https://bit.ly/3jq40Y3


      That's a lot of money. So how exactly do you save up to prepare for spending this amount of money. Pressumaly for others but really on ourselves.
      1. Write down the names of each person you are going to be giving a gift.
      2. Decide how much money you are going to spend on each of those people.
      3. Start setting aside money for it.
      4. Start looking for deals on the items you will buy for each person.
      The thing is the earlier you start thinking about this. The better and easier it will be for you when December rolls on through.

      Oh and I need to add this.
      Bonus: Do not hold yourself to some arbitrary standard of gift for people. Give what you can afford to give. Don't go into debt because you want to be nice or rather appear to be nice. Those who you love and love you will put more importance on you thinking about them than on the actual item itself. However, don't be selfish and give trash because you trying to buy yourself useless stuff that you don't need.
      Also if you really can't afford to buy anything then make stuff. I personally appreciate hand made gifts a whole lot more than bought except in some cases. But in general knowing someone took the time to create something means the world to me.

      If you have questions email me at [email protected]

      Find me on all the socials below:
      www.instagram.com/ramblingmindshow/
      youtube.com/leechimane
      twitter.com/kelechiwuaba

      Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
      Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
      Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

      Cover Art: www.instagram.com/bydissirama/

      22 min
    • Trump's Taxes or Lack Thereof, Presidential Debate, Apple vs Epic in Court

      In this episode, we are mainly focused on the recent news on Trump's Taxes and the presidential debate that was more chaos than actual debate. Then we touch on Prime Day which will be on October 13 and finally we finish up on Apple vs Epic and the repercussions on this court case for the future moving forward. 

      • Trump Taxes: https://nyti.ms/3cKFcYa
      • Presidential Chaotic Debate: https://n.pr/2HFw4Zr
      • Apple vs Epic: https://cnn.it/3ji6x6x
      • Amazon Prime Day: https://cnn.it/3cLQOdz
      • Disney Lay Offs: https://bit.ly/3imnITg
      • Bankruptcies in 2020: https://cnn.it/3iizj5Q

        • If you have questions email me at [email protected]

        Find me on all the socials below:
        www.instagram.com/ramblingmindshow/
        youtube.com/leechimane
        twitter.com/kelechiwuaba

        Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
        Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
        Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

        Cover Art: www.instagram.com/bydissirama/

        34 min
      • Investing Won't Make You RICH (probably)

        I have been seeing a lot ADS recently from random people on YouTube, talking about how they have some secret that will make a millionaire by next year and all I have to do is pay them a fee to learn the tricks to the trade. After seeing about 100 hundred if not more of people showing me their fancy houses and fancy cars, I got ticked off and this podcast episode was born. In this episode, we are talking about how investing is not going to make you RICH overnight. Investing is not about a quick turn around but a consistent pattern over the long term. 

        Here are three reasons Investing will not make you rich overnight:

        1. You need some form of starting capital to even start investing, which means you gotta save money first.
        2. The general returns are not that great. The S&P 500 has had an annual return of about 8-10% in the last 90 years meaning if you invested $10,000 you will make $800.
        3. Let's be honest with ourselves, we kinda SUCK at investing and picking stocks.

          4. If you have any questions, you can email me at [email protected] or go to https://ramblingmindshow.com/

          Find me on all the socials below:

          • www.instagram.com/kelechiwuaba/
          • youtube.com/leechimane
          • twitter.com/kelechiwuaba

            • Merch Shops

            • https://shop.spreadshirt.com/kelechiwuaba/
            • https://teespring.com/generosty-greater-than-greed?pid=333&cid=6633

              • Affiliate Links

              • Join Covenant Eyes: https://covenanteyes.sjv.io/c/2475385/772363/5624
              • Join Robinhood with Link and Get a Free Stock: join.robinhood.com/kelechi15
              • Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
              • WeBull: https://act.webull.com/e/GhgSyj9rls4k/7wq/

                • Cover Art by Dissirama: www.instagram.com/bydissirama/

                Disclaimer: I'm not a financial advisor. The information in this video is general and is not professional advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Ultimately you are responsible for the financial decisions you make.

                28 min
              • RIP to Ruth Bader Ginsburg aka the Notorious RBG, Tiktok Kinda Bannaed?, Microsoft Buys Bethesda, Tesla Battery Day

                Welcome back to the podcast and thank you for taking the time. Today, we are discussing the passing of Chief Justice Ruth Bader Ginsburg and the importance of her passing to the political state of the United States. Also, we talk about the brewing mess known as the TikTok sale or not so much sale, ban but then not a ban, everything is uncovered. Then we talk the big mishap and fraud allegation against Nikola and its CEO Trevor Milton. Tesla held its Battery Day event and well it was not exactly what we were expecting. And Finally, we discuss Microsoft's acquisition of Bethesda that shows they are pushing for a Netflix type world for gaming.

                Links to all articles discussed:

                • Ruth Bader Ginsburg impact on Law: https://n.pr/3041uPx
                • Who will be the next Supreme Court Justice: https://reut.rs/3cusDQH
                • TikTok banned: https://apnews.com/a439ead01b75fc958c722daf40f9307c
                • TikTok no longer banned: https://on.wsj.com/2FT1nzq
                • Nikola Motors Fraud: https://cnb.cx/30klPR5
                • Tesla Battery Day event: https://cnb.cx/3mN5LRq
                • More on Tesla's Battery Day: https://on.wsj.com/302a3dP
                • Microsoft Becoming Netflix for Gaming: https://bit.ly/3kJkj2t
                • UN Conference Calls: https://yhoo.it/2FLyK7v


                  • Checkout the website: https://ramblingmindshow.com/

                  • Merch: https://shop.spreadshirt.com/kelechiwuaba/
                  • More Merch: https://teespring.com/generosty-greater-than-greed?pid=333&cid=6633

                    • If you have questions email me at [email protected]

                    Find me on all the socials below:
                    www.instagram.com/ramblingmindshow/
                    youtube.com/leechimane
                    twitter.com/kelechiwuaba

                    Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
                    Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
                    Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

                    Join Covenant Eyes Today: https://covenanteyes.sjv.io/c/2475385/772363/5624


                    Cover Art: www.instagram.com/bydissirama/

                    31 min
                  • How to Turn 1¢ into $5,000,000

                    In this episode, I'm not gonna talk about compound interest in the sense of how you can be a millionaire by the time you retire if you saved $300 every month into a Roth IRA with a Target Date Index Fund with an annual return if about 8%.

                    Albert Einstein called compound interest the greatest force in the world. The same guy who discovered and developed the theory if relativity. One of the pillars of modern physics. This got me thinking why is compound interest so powerful and it came down to one simple factor, TIME and REPETITION.
                    An easy way to think of this is like this. Before any one of us could read a single book, first we had to understand the alphabet. We had to know what letters were and what each shape meant. After that, we had to understand words. So we were thought and we learnt what I combined with S meant. Then that grew into us learning three letter words like ARE. From there we learned about sentences and how to put together a sentence. We started with short sentences like "My name is Kelechi Iwuaba". Then we learned about multiple sentences combined making a paragraph. Then we learned about punctuations and how that changes the meaning of a sentence. With all of these pieces of knowledge combined we get to the point where we can read an entire book.
                    This is Compound Interest at its finest. This is the same thing in our lives. Every skill every ability anything will take a compounding effect to get us to our goal. But the thing about compound interest is it doesn't care whether the outcome is good or bad for us. It works both ways. For good habits like reading the more you read the better and faster you get info out of it. For bad habits like smoking the more you smoke the more you want to smoke.
                    It's the same in finance, good compound is with investing like the example earlier. It can work to your benefit or it can work to your destruction like with debt.
                    At the end of the day, we all have to ask ourselves. What am I choosing to compound in my life?

                    If you have questions email me at [email protected]

                    Find me on all the socials below:
                    www.instagram.com/ramblingmindshow/
                    youtube.com/leechimane
                    twitter.com/kelechiwuaba

                    Website Links

                    • https://ramblingmindshow.com/
                    • Merch: https://shop.spreadshirt.com/kelechiwuaba/
                    • More Merch: https://teespring.com/generosty-greater-than-greed?pid=333&cid=6633

                      • Affiliate Links

                      • Join Covenant Eyes: https://covenanteyes.sjv.io/c/2475385/772363/5624
                      • Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
                      • Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
                      • Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

                        • Cover Art: www.instagram.com/bydissirama/

                        24 min
                      • Oracle "Buys" TikTok, Apple released new Apple Bundle called Apple One, Holiday Shopping Not the Same

                        Welcome back to the show. in this episode we talk about the TikTok Saga finally coming to an end and we finally have a buyer for it. However, it played out in a very weird and different way than expected. WE also talk about the change that is affecting out holiday season and how that is going to affect the biggest shopping time of the year aka Black Friday. Then we talk about the new announcements from Apple with their new service bundle called Apple One. It combines Apple Music, Apple TV+, iCloud, and Apple Arcade. Thanks for taking the time to listen to me talk about business. 

                        • TikTok bought by Oracle: https://on.wsj.com/2FCwxef
                        • Microsoft looses out on Bid for TikTok: https://nbcnews.to/2Rx71cG
                        • Hersey's Plan to Sell Candy: https://on.wsj.com/2ZGQhUP
                        • Morning Consult Survey on Holiday Gatherings: https://bit.ly/3c7OYUg
                        • Macy's Thanksgiving Parade Going VIrtual: https://nbcnews.to/2RxA5RF
                        • Apple One Subscription: https://bit.ly/33DvwKT
                        • Spotify Not Happy with Happy's New Service: https://bit.ly/32E5S9y
                        • OPEC 60 years later and a lot weaker: https://reut.rs/2H9lzNW

                          • If you have questions email me at [email protected]

                          Find me on all the socials below:
                          www.instagram.com/ramblingmindshow/
                          youtube.com/leechimane
                          twitter.com/kelechiwuaba

                          • Merch: https://teespring.com/generosty-greater-than-greed?pid=212
                          • More Merch: https://shop.spreadshirt.com/kelechiwuaba/


                            • Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
                            Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
                            Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

                            Cover Art: www.instagram.com/bydissirama/

                            34 min
                          • Interview with Anfernee McLemore, Former Auburn Basketball Player Turned Wealth Manager

                            Welcome back to the podcast. Today we are going to be talking with Anfernee McLemore. Who is a former Auburn basketball player and now a Wealth Manager. He talk about everything from personal finance to investing to NBA basketball. I hope you guys enjoy this conversation as much as I enjoyed having it. Thank you again to Anfernee for coming on the show. Check out his instagram and youtube below:

                            • Anfernee's Instagram: https://www.instagram.com/akmclemore/
                            • Anfernee's YouTube: https://www.youtube.com/channel/UCSJBboiuepr8LSJAZZp2QrA

                              • If you have questions email me at [email protected]

                              Find me on all the socials below:
                              www.instagram.com/ramblingmindshow/
                              youtube.com/leechimane
                              twitter.com/kelechiwuaba

                              Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
                              Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
                              Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

                              Cover Art: www.instagram.com/bydissirama/

                              32 min
                            • S&P Says No to Tesla, Unemployment Rate Falls, Disney in Trouble for Mulan Movie

                              Thanks again for joining me for another edition of Rambling Ming Podcast. This episode we are focused on the news. Starting with the S&P 500 denied Tesla's entrance into the Index. The good news for the week is the unemployment rate actually fell for once since March. Disney made a few slip ups with its brand new movie Mulan. 

                              • Unemployment Rate Fell in August: https://cnb.cx/32cZRAv
                              • S&P 500 Says Nope to Tesla: https://cnb.cx/3hiNPtI
                              • Movie Theaters make a comeback with Tenet: https://bit.ly/3bHjB2s
                              • Disney mistakes with Mulan movie: https://bit.ly/3bGD8Qs
                              • Government still doing nothing, need a budget by October 1: https://wapo.st/3k1SeD9

                                • If you have questions email me at [email protected]

                                Find me on all the socials below:
                                www.instagram.com/ramblingmindshow/
                                youtube.com/leechimane
                                twitter.com/kelechiwuaba

                                Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
                                Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
                                Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

                                Cover Art: www.instagram.com/bydissirama/

                                33 min
                              • 20 Practical Ways to Save Money

                                In this video, I breakdown a list of 20 things that I saw from Dave Ramsey on how to practically save money. I go through and talk through if it is too extreme or on point and we should strive to do.

                                Link to Dave Ramsey Article: https://bit.ly/3i6j90g

                                1. Stay away from Debt
                                2. Cut grocery bill. Stay away from the aisles in stores. Everything you need is on the exterior of most stores. 
                                3. Cancel automatic subscriptions and memberships
                                4. Name Brands NEED to go BYE BYE
                                5. Cancel your cable bill
                                6. Save automatically, pay yourself first whenever you get a pay check
                                7. When you get extra unexpected money, put it towards your big goals. Do not see it as free money
                                8. Reduce your power bill by going the extra step to learn about your power usage and ways to cut it down
                                9. Unsubscribe from discount emails that are created to create a feeling of FOMO
                                10. How much are you paying for insurance? Maybe shop around for a new insurance
                                11. Eat at home more often
                                12. Always ask for a discount and use coupons when you have it. Everyone else be ignored
                                13. Use your employer's 401(k)
                                14. Maybe change your cell phone bill if it is way too high
                                15. Try a spending freeze rather than just swiping your card all the time
                                16. Try to DIY somethings, Youtube is a GREAT teacher
                                17. Coffee you already know this one
                                18. Libraries will always have free books. Check here for books you do not need to keep
                                19. Staycation over Vacations
                                20. Try a minimalist life and sell all the clutter

                                  21. If you have questions email me at [email protected]

                                  Find me on all the socials below:
                                  www.instagram.com/ramblingmindshow/
                                  youtube.com/leechimane
                                  twitter.com/kelechiwuaba

                                  Join Robinhood and Get a Free Stock: join.robinhood.com/kelechi15
                                  Join M1 Finance and get $10: https://m1.finance/qdcaTAIl-bqC
                                  Morning Brew Business Newsletter: morningbrew.com/daily/r/?kid=f68225

                                  Cover Art: www.instagram.com/bydissirama/

                                  34 min

                                About Rambling Mind

                                From the publisher's feed

                                Rambling Mind is a podcast by Kelechi. He is focused on guiding and teaching on ways to build wealth and learning more about the business world.