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Latin Wealth Summit Ticket Info: https://latinwealthsummit.com/
In this episode, we dive deep into the growing economic influence of Latinas in the U.S., whose total economic output now surpasses the GDP of most states. With Latinas contributing $1.3 trillion to the U.S. economy, their impact is undeniable. We explore the rising labor force participation, the wage gap, and what this means for the future of Latinas in business and the workforce.
We also shift focus to Fintech in Latin America, where over 3,000 fintech companies are revolutionizing the region. From Brazil to Mexico, we explore how these companies are driving innovation in digital payments, loans, financial management, and more. Even amid a downturn in venture capital investments, fintech continues to attract major attention in Latin America, offering solutions that are transforming the financial landscape.
Plus, don't forget the upcoming Latin Wealth Summit happening on October 12th-13th. Learn more about the event and grab your tickets — Latin Wealth Summit Ticket Info: https://latinwealthsummit.com/
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this episode, we explore two major headlines in the tech world—Apple’s struggles with the iPhone 16 sales and the dramatic drop in value of X (formerly Twitter) under Elon Musk’s ownership.
First, we dive into the underwhelming pre-sales for the iPhone 16, where Apple has seen a significant decline compared to previous years. With competition rising, especially in China, and consumers less eager to upgrade, Apple is facing a pivotal moment. We discuss the reasons behind this sales slump, including the delayed launch of AI-powered features and what Apple can do to recover.
Next, we look at the financial fallout for X (Twitter), now worth less than 25% of what Elon Musk paid for it. With Fidelity’s new valuation putting X at just $9.4 billion, we talk about what’s next for Musk, his employees, and the future of the platform.
Finally, don’t forget to grab your tickets for the Latin Wealth Summit on October 12th-13th, available for both in-person and virtual attendance. Stay tuned for more insights and updates from Latin Wealth! https://latinwealthsummit.com/
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this episode, we dive into several exciting and important topics. First, we explore the financial consequences of sports betting and why it may be time to rethink this rapidly growing industry. With over 38 states legalizing sports betting, the financial impact on households is concerning, from increasing debt collections to shrinking investments. We discuss why sports betting might be more addictive and financially dangerous than it seems, especially for vulnerable populations.
Next, we discuss the recent meeting between El Salvador’s President Nayib Bukele and Tesla’s Elon Musk, where they met at Tesla's Gigafactory to discuss AI, the future of humanity, and the role of next-gen technologies. President Bukele’s commitment to innovation follows his country’s embrace of Bitcoin, as he looks towards AI to bolster El Salvador’s future.
We also highlight Crowley, a top employer for Latino leaders, recognized by the National Diversity Council. Crowley’s initiatives like their Mi Gente Hispanic Business Resource Group are empowering Hispanic employees and promoting cultural exchanges within the company.
Finally, don’t forget to grab your tickets for the Latin Wealth Summit on October 12th-13th, available for both in-person and virtual attendance. Stay tuned for more insights and updates from Latin Wealth! https://latinwealthsummit.com/
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this episode, we dive into the impressive economic power of U.S. Latinos, whose total economic output reached a staggering $3.6 trillion in 2022. If U.S. Latinos formed their own nation, they would rank as the 5th largest economy globally, surpassing many major nations. We break down the factors contributing to this economic surge, including entrepreneurship, educational advancement, and rapid population growth. However, despite these impressive numbers, challenges such as poverty rates among Latinos remain a pressing issue.
Next, we turn our attention to Apple, which recently unveiled the iPhone 16 and iPhone 16 Pro. Despite some new features like sleep apnea detection for the Apple Watch and enhanced Visual Intelligence for iPhones, many are criticizing Apple for lacking innovation and creativity. With competitors like Huawei introducing groundbreaking products, is Apple at risk of losing its edge?
Plus, we'll share updates on the upcoming Latin Wealth Summit, happening October 12th-13th, and give a quick shout-out to Jeremiah, who will return next week after a busy Q4.
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this episode, we explore a range of fascinating topics impacting the global and Latino community. First, we dive into the incredible journey of Selena Gomez, who, in 2024, has officially become a billionaire. We break down how the Disney Channel star turned successful businesswoman built her wealth, with the majority coming from her thriving cosmetics brand, Rare Beauty. Selena's rise to financial success is nothing short of remarkable, growing her net worth from $95 million in 2022 to a staggering $1.3 billion today.
Next, we shift our focus to Brazil's $1 trillion budget. Despite challenges with a fiscal deficit of nearly 10% of GDP, the country’s financial markets are booming, and GDP growth projections have been revised upwards. How does Brazil manage such a massive budget, and what does this mean for its economy and global investors? We unpack it all.
Finally, we discuss the Hostos Project, an innovative energy initiative connecting the power grids of the Dominican Republic and Puerto Rico through a submarine cable. This collaboration is set to boost renewable energy use and provide energy security for the Caribbean.
Join us as we delve into these key developments shaping today's world.
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
This week, we're joined by our co-host Jeremiah, who returns after a brief hiatus. Together, we're tackling some of the most pressing issues in the Latino community and beyond. First up, we're discussing the surprising endorsement of Donald Trump by Puerto Rican reggaeton artist Anuel AA. What does this endorsement mean for the Latino vote, and why is a high-profile artist like Anuel throwing his support behind Trump? We'll break down the implications of this endorsement, analyze the political landscape, and explore how celebrity influence can sway public opinion.
Next, we're turning our attention to Brazil, where a judge has made headlines by banning the social media platform X, formerly known as Twitter. We'll delve into the reasons behind this drastic decision, the role of Elon Musk, and the broader implications for freedom of speech and digital censorship. With Brazil being home to one of the largest populations of internet users in the world, this decision has far-reaching consequences, especially for content creators and business owners who rely on these platforms.
Throughout the episode, we'll also reflect on the broader trends in political marketing and the impact of celebrity endorsements on the Latino community. Are these endorsements a genuine reflection of political beliefs, or are they simply marketing strategies designed to manipulate the electorate? We'll discuss the importance of critical thinking and the need for the Latino community to engage with both sides of the political spectrum to make informed decisions.
As always, our goal at Latin Wealth is to provide our audience with the tools and knowledge needed to navigate the complexities of today's world. Whether you're interested in politics, business, or simply looking to stay informed, this episode is packed with valuable insights that you won't want to miss.
Don't forget to like, subscribe, and share this episode with your friends and family. Join the conversation in the comments below, and let us know your thoughts on the topics we discussed today. Stay tuned for more episodes of the Latin Wealth Podcast, where we continue to empower the Latino community through education and discussion.
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In today's episode, we're tackling two crucial financial topics that are making waves in both the United States and Mexico. First, we take a deep dive into the 10 most expensive cities in the U.S. to raise children. If you’re a parent or planning to become one, this is essential information. The average yearly cost of raising a child across the 100 most-populous U.S. metros is $22,989, but in these top 10 cities, those costs skyrocket. What’s even more striking is that five of these cities are in California, highlighting the significant financial strain families face in the Golden State. From San Francisco to Los Angeles, we break down how housing, childcare, healthcare, and other essentials contribute to these staggering costs and what families can do to manage them.
But it’s not just U.S. families feeling the financial pressure—across the border, a growing number of Mexicans are joining the investor class. In 2015, less than 1% of Mexicans had an investment account. Fast forward to today, and over 13% of the population is now actively investing. This surge represents a massive shift in financial culture, driven by both economic opportunities and the rise of fintech platforms making investing more accessible. But where exactly are Mexicans putting their money? We explore the investment landscape, from the dominance of government-issued treasury bonds, seen as the safest option in the country, to the growing interest in stocks facilitated by platforms like Grupo Bursatil Mexicano (GBM) and Actinver.
Additionally, we look at the role of high-yield savings accounts offered by fintech companies such as Nubank and Mercado Pago, which are attracting a new wave of savers with interest rates ranging from 10-15%. These accounts are not just savings options but are becoming critical tools for Mexicans looking to protect their wealth against inflation while earning competitive returns.
This episode is a must-watch for anyone interested in understanding the economic forces shaping family life in America’s most expensive cities and the investment trends transforming Mexico. Whether you’re a parent, an investor, or just curious about these financial dynamics, we’ve got insights that will help you navigate these complex issues.
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this episode, we cover two significant stories that highlight the evolving relationship between Mexico and the United States, as well as the Harris administration's targeted outreach to bilingual Latino voters.
Mexico and the United States share one of the most robust trade partnerships in the world, a relationship that has grown exponentially since the North American Free Trade Agreement (NAFTA) was implemented in 1994. NAFTA created the largest free trade zone globally, binding together the economies of Mexico, Canada, and the U.S., leading to massive economic growth for Mexico. The country’s economy has nearly tripled in size, thanks to its key role in U.S. and Canadian supply chains, particularly in manufacturing, agriculture, and high-value sectors like automotive technology.
In recent years, Mexico has even surpassed China as the top trading partner for the United States. We’ll dive into what this means for both countries, explore the types of goods that flow between Mexico and the U.S., and discuss how this trade relationship is critical despite ongoing political debates.
The Harris administration has launched a new bilingual WhatsApp channel specifically aimed at engaging Latino voters, marking the first time a presidential campaign has created a dedicated platform for this purpose. WhatsApp is widely used among Latino communities, with 54% of Hispanic adults in the U.S. reporting they use the app. This channel aims to provide behind-the-scenes information about the campaign, updates on initiatives to help Latino families, and combat misinformation, which has been a growing concern among Latino voters.
Misinformation has become a significant issue in recent election cycles, particularly within Latino communities who are more likely to encounter and share misleading information. The Harris campaign hopes this new channel will be an effective tool for delivering accurate information directly to voters, especially in key battleground states.
We’ll discuss the significance of this move, why WhatsApp was chosen, and the broader implications for digital campaigning in 2024.
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
Today, we’re exploring two major topics that could have far-reaching consequences: the revival of El Salvador’s ambitious Bitcoin City project and the rising investor confidence in a potential soft landing for the global economy as expectations of Fed rate cuts increase.
El Salvador is making headlines once again with President Nayib Bukele’s recent announcement of a groundbreaking $1.6 billion investment—the largest private investment in the nation’s history. This investment, led by Turkish company Yilport Holdings, is set to upgrade two critical ports, including one located in the proposed Bitcoin City. Launched in 2021, Bitcoin City is one of Bukele’s most ambitious projects, envisioned as a hub that would operate entirely on Bitcoin and be exempt from most taxes, except for value-added tax (VAT).
The investment will unfold in multiple phases, beginning with modernizing Acajutla’s infrastructure and acquiring new equipment. The second phase will focus on expanding the port's capacity, tripling its potential to handle more trade. Meanwhile, at La Unión, a port that has remained unused for nearly two decades, the initial work will involve excavation and the acquisition of new equipment, including cranes. This development is crucial for enabling larger, heavier ships to dock, potentially boosting El Salvador's trade capacity and positioning the country as a key player in regional commerce.
We’ll break down what this means for El Salvador’s economy, how it could affect neighboring countries, and whether it might spark competition with Panama, which has long been a dominant force in Central American trade. We’ll also touch on the role of geothermal energy, particularly how El Salvador plans to leverage its volcanic resources to power Bitcoin mining, further solidifying the country’s commitment to cryptocurrency.
Shifting gears, we explore the current state of the global economy, where investor sentiment is increasingly optimistic about a "soft landing"—a scenario where inflation subsides without significant deterioration in economic activity, even amid higher interest rates. Recent surveys show that 76% of investors believe a soft landing is the most likely outcome over the next 12 months, the highest level of confidence since May 2023.
With the Federal Reserve’s rate cut decisions looming, we’ll discuss how these expectations are shaping markets and what it means for everyday consumers. Lower interest rates typically lead to reduced borrowing costs, affecting everything from mortgage rates to auto loans, making it cheaper for consumers to finance purchases. However, this also raises questions about whether aggressive rate cuts could reignite inflation or affect the cost of living and wages.
We’ll dive deep into the potential impacts of these developments, discussing high home prices, job growth, and the implications of an economic slowdown or resurgence. Finally, we’ll consider how these economic shifts could influence global markets, with a particular focus on Latin America and its interconnectedness with the U.S. and other global economies.
Follow us on IG: @latinwealth Email for questions or inquiries: [email protected]
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
Welcome to another episode of Wealth Wednesday hosted by Latin Wealth. Today, we're diving into the recent massive global sell-off that saw the 'Magnificent 7' stocks lose over $650 billion in market cap. We're talking about major companies like Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla. What's causing this market turmoil, and how is it affecting Bitcoin?
We also explore how Japan's economic policies and recent interest rate changes have triggered this sell-off. For over 30 years, Japan's yen has been on a downtrend due to inflation, an aging population, and weak demand. Investors have been using a strategy called currency carry trade, borrowing yen at low interest rates and investing in higher-yielding assets. With Japan's recent interest rate hike, this strategy has backfired, causing a massive sell-off and market panic.
Join us as we break down the events leading to this sell-off, the implications for global markets, and whether this is a short-term hiccup or a sign of something longer-term. We also discuss Warren Buffett's recent decision to sell off Apple shares, the latest job numbers, and the upcoming US interest rate decision on September 18th.
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