The logical fallacy behind this [View in browser]( Proprietary Data Insights Top Restaurant Stock Searches This Month Rank Name Searches
#1 Starbucks 40,067
#2 McDonald’s 37,895
#3 Chipotle Mexican Grill 20,268
#4 Domino’s Pizza 11,268
#5 RCI Hospitality Holdings 346
#ad [You need to know about alternative investments]( Protecting Your Pocketbook In case you missed it, in the first Juice newsletter of the new year, we outlined our plans for 2023: We’ll double down on our promise to make sense of the economy, so together, we can be better with money and become better investors. We’ll also share more hacks, ideas, and strategies about spending, saving, debt, and other important elements of your personal finances. Plus, in February, we’ll spend some time going back to basics on two areas we expect to get even more popular with investors in 2023 than they were in 2022: ETF and dividend growth investing. No matter how much money you make, basic to advanced personal finance, as it merges with investing, matters. Because you can have money problems or simply benefit from small tweaks whether you earn $35,000, $350,000, or somewhere north, south, or in between. Case in point: The latest data shows that 63% of Americans live paycheck to paycheck as of November 2022, up from 60% in October. Among six-figure earners, a surprising 47% live paycheck to paycheck, up from 43% in October. The way we not only spend money, but also view spending money, often matters more than how much money we make, especially if we’re making decent or better money. Scroll with us for more interesting, if not alarming, data and important distinctions on how we spend. Spending What’s Worse, $30 for a Pizza or $1,000 per Car Payment? Key Takeaways: - Don’t take advice from the ultra-wealthy.
- The key to personal finance for mere money mortals is your biggest expenses.
- You should aim to have as much money left over as possible at the end of most months. The problem with taking money advice from millionaires and billionaires is the personal finance tenets they live by often don’t apply to the rest of us. They don’t because they can’t. For example, Dallas Cowboys owner Jerry Jones apparently once said something to the effect of he passed on buying an expensive pair of boots, but didn’t think twice about investing in a private jet. Do You Really Have to Spend Money to Make Money? True or not, the Jerry Jones story is one of those legends that led to the present overabundance of money articles touting what people such as Mark Cuban and Elon Musk do with money and how you ought to do likewise. And the corollary distinction between alleged frivolous spending and investing money in yourself, your business, or both to, theoretically, make more money. Which leads us to the aforementioned interesting, if not alarming, data: - The cost of a large Pizza Hut (parent company Yum! Brands (YUM)) cheese pizza around the world ranges from $3.50 in India to $31.65 in Finland. Singapore has the most expensive Domino’s (DPZ) large pie at $22.57. The cheapest is $4.03 in Ghana.
- In the U.S., you’ll pay the most at both chains in Hawaii – $18.99. In most states, the price hovers around $15.00.
- Not too far from the reality in local pizza scenes. [As we told you a few months ago](, two beers and a large pie set us back $36.00 (before tip) at a popular local spot in Los Angeles. In San Francisco, a slice of pepperoni commonly runs close to, if not as high as, $6.00. The Juice has a real estate agent friend here in LA who calls himself frugal. He’s the kind of guy who, under no circumstances, will pay $30.00 for a pie or $5 or $6 for a slice. He claims it’s throwing away money. Like Jerry Jones not buying boots. Meanwhile, he’s a proud member of what we’ll call the 15%. Just over 15% of people who financed a new car in Q4 2022 took on a monthly payment of $1,000 or more. That’s the highest this number’s ever been. Our real estate buddy calls it an investment. Like Jerry Jones’ private jet. He can’t drive up to a showing or open house in a “shitty car.” In an Audi, he both looks and plays the part of a successful real estate agent. Currently, he rents a $5,000-a-month [luxury apartment in Downtown LA](. His two biggest expenses are all about status, appearance, and, in his words, “how it makes me feel.” The apartment and car make him feel successful, which “manifests a mindset of success.” Also his words. Also, so LA. Dropping $6,000+ a month on your two biggest expenses and living paycheck to paycheck. Scoffing at the $30 pizza not on principle, but because you can’t afford it. That is, unless you put it on your credit card. When you live beyond your means on your biggest expenses, you can barely make ends meet at the end of the month. [instory_ad_1] The Bottom Line: There’s a difference between splurging on pizza or even a trip to Europe and consistently living beyond your means because you rationalize the latter as an investment. For most of us, it’s not the pizza or vacation that makes things tight at the end of month, it’s what we pay for our biggest obligations. For goodness sake, park around the corner and walk to the open house. And give up the den, terrace, and extra bedroom so you can cut your rent 40%. Take those thousands of dollars you save each month, buy $30 pizzas almost at will, and marvel at how much cash you have left over after you pay your rent on the first day of the month. That’s how you construct a budget and should view spending when you’re a mere money mortal – not Jerry Jones, Mark Cuban, or Elon Musk – in a way where priority #1 is to have monthly surpluses you can use to live, save, and invest. News & Insights Freshly Squeezed - [Slowdown in Auto Sales Could Weigh on Chipmakers](
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- From The Spill: [Revenues up 21.6% YoY – With Room to Run]( [We want to hear from you! Let us know your thoughts by clicking here]( [Article Link]( [Link]( #
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1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc., newsletter is for information purposes only and is based on opinion. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or eliminate losses. InvestingChannel, Inc., makes no representation or implication that using any of the methodologies or systems in this newsletter will generate returns or insure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.