Winning at Life with Gregory Ricks

The Daily Wrap: 05.30.19


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00:58 - Because of the different tax rates between California and Texas, Chris Paul brings home more money than Steph Curry, despite having a gross salary that's $2 million less.

04:31 - The Numbers were mostly positive, but it's hard to get too excited considering the general trend is still down for the last 5 weeks or so.

14:02 - Uber releases its first quarterly earning report since going public, and they nailed the analysts' expectations with a $1 billion loss for the quarter. The report also gives us a first glimpse into some stats about Uber that were previously not in the public domain before the IPO. Uber Eats accounts for about a sixth of Uber's revenue, and we also learned Uber Freight could be a big part of the business going forward.

24:41 - Trump announces new tariffs for Mexico, starting at 5% on all goods that come across the Mexican border, until the illegal immigration avalanche is stopped. The tarrifs will tick up another 5% each month until it either reaches 25% in October, or the Mexican government is demonstrably stopping these illegal immigrant caravans.

33:18 - Kevin in Mobile is a younger guy (32) putting away some money in a 401k, but what else should he being doing to save and invest for retirement? Gregory encourages Kevin to keep finding ways to save more money, and start seeking some diversity in how those savings will be taxed.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks