#1. Wells Fargo launched a credit card you can pay rent with… but they underestimated how Savvy Millennials would use it. (6/24/2024)#2. An Olympic gold medal winner has a day job — as an investment banker… so we’ll tell you the secret to a successful side hustle. (8/7/2024)#3. Legendary Wall Street investor Larry Fink wrote a whole letter about DINKs… so we need to talk about your retirement plan already. (3/27/2024)Share this episode with your financially savviest buddy… actually, send it to the one who still owes you $50 for brunch.We’ll be back on Monday, January 6th, with our regular TBOY podcasts. But look out for more bonus pods from us dropping over the holidays.And if you crave more business storytelling from us? Check out our weekly deepdive show: “The Best Idea Yet”: The untold origin stories of the products you’re obsessed with. From the McDonald’s Happy Meal to Birkenstock’s sandal to Nintendo’s Super Mario Brothers to Sriracha. New 45-minute episodes drop weekly. Subscribe to The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinks to listen.—-----------------------------------------------------Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It’s The Best Idea Yet.GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts FOR MORE NICK & JACK: Newsletter: https://tboypod.com/newsletter Connect with Nick: https://www.linkedin.com/in/nicolas-martell/ Connect with Jack: https://www.linkedin.com/in/jack-crivici-kramer/ SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Anything else: https://tboypod.com/ Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It’s The Best Idea Yet.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Full Episode
This is Nick. This is Jack. And today's money pod is the best one yet. The top three money stories you need to know today. Yeah, it is. This is episode number four of our holiday bonus week. It's the best of money. Our best stories of the year on personal finance, careers, and investing. So share this episode with your financially savviest buddy.
Actually, send this episode to your buddy who still owes you 25 bucks for brunch. Yeah, like your buddy Timmy. So whether you're a dink, a dinkwad, or a dinkwad ass, we got three fantastic stories. Jack, what's on today's bonus pod? That Venmo invoice is still outstanding, Timmy. Awkward. For our first story, it's from June 24th, 2024.
Wells Fargo launched a credit card that you could pay rent with. True. And it was so successful. it became a failure because Wells Fargo underestimated savvy millennials. For our second story, it's from August 7th. That's when the newest Olympic gold medal winner had a day job as an investment banker. We're going to tell you the secret to a successful side hustle.
And our third and final story is from March 27th. The big story on Wall Street then was how dinks were going to retire. Larry Fink published his annual letter, so we need to talk about your retirement. But yetis, before we hit that wonderful mix of stories... What a fantastic mix of money stories. I love that mix. I'm going to try to say it like the girl from TikTok, okay?
You got this, you got this, you got this. I'm looking for a man in finance, trust fund, six, five, blue eyes. And with a deep understanding of tax advantage, Roth IRAs. That is, in 2024, money was bigger than ever. Literally. Stock markets were at record highs. But value meals were also at record highs. In this economy, you want a discount on that double-digit latte.
But in this economy, you also wanted crypto in your portfolio. That's why this year we covered enough money stories to make Jerome Powell bust an interest rate. Yeah. Bagels get bonuses. Cupcakes get cash. That's what we said. We covered the rise of a brand new fee this year called the flake fee. If you cancel on a restaurant, they're going to charge you 50 bucks.
We found out that Warren Buffett, the best investor of all time, is holding a record amount of his money in cash. $300 billion. That's 50 lifts worth of cash. We also covered when Bitcoin hit its $100,000 milestone. It was Bitcoin's bit mitzvah. And when lab-grown diamonds passed natural diamonds in sales. That is a financial trick shot.
We discovered this year that Gen Z is running vending machines as a side hustle. And we figured out how Goldman Sachs promotes bankers to partners when they started as interns. Those stories were all fantastic, but these are our three best money stories of 2024. Jack and I whipped them up for you because you're a freak in the spreadsheets.
If you're still listening, Dave Ramsey, we hope you don't hate us. We won't take it personally, Dave. Jack, let's hit those three money stories.
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