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☆ It’s not you, it’s them: Engaged couples are cutting back on lavish weddings
▼ + stars: | 2024-03-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

The obsession with lavish weddings grew to a fever pitch in the years following the start of the Covid-19 pandemic. That’s bad news for wedding vendors who provide services like videography, photo booths and catering. Meanwhile, those vendors are facing a more worrisome existential threat: a looming drop in the overall number of weddings. But she said that so far in 2024, weddings are “cooling a bit.”A recent wedding where Gabrielle Stone served as the planner. In another life, some of those would-be couples who never met in 2020 could have gotten engaged this year.

Persons: ”, Shane McMurray, What’s, McMurray, Gabrielle Stone, ” Stone, Stone, Kay, Jared, Gina Drosos, “, Z, ” McMurray, Toni Burrowes, Burrowes, didn't, Toni Burrowes “, Alyssa Young, We've, Alyssa Young “, it’s, ” Young, It’s Organizations: CNN, Signet Jewelers, Kay Jewelers, Signet, Alpha, University of Virginia, Brigham Young University, Bureau of Labor Statistics Locations: Boston, Zales, Central Florida, San Antonio, Texas

☆ A Chicago artist says his viral tweet of a 'rat hole' helped pay his rent in a day
▼ + stars: | 2024-01-15 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +4 min

Chicago artist Winslow Dumaine's post showing a rat-shaped hole in the ground went viral. AdvertisementA Chicago artist posted a photo of a rat-shaped hole in the ground, and it ended up going so viral that it helped him pay his rent. "Had to make a.pilgrimage to the Chicago Rat Hole," Dumaine wrote in the post, which has since garnered 5 million views and over 136,000 likes. Had to make a pilgrimage to the Chicago Rat Hole pic.twitter.com/g4P44nvJ1f — Gatorade Should Be Thicker. AdvertisementThe 32-year-old told Business Insider in an email that a friend had told him to "keep an eye out for the rat hole" while walking together in Roscoe Village.

Persons: Winslow Dumaine's, Dumaine, —, Winslow Dumaine, g4P44nvJ1f —, I'm Organizations: Service, g4P44nvJ1f — Gatorade, Block, Chicago Locations: Chicago, Roscoe Village, Downtown Chicago, China, France, Rome, Czech Republic, Vietnam, Temu

☆ 3 Amazon sellers who got started with less than $5,000 share the strategies they used to scale from zero sales to six-figures
▼ + stars: | 2024-01-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

If you're looking for an extra income stream, selling products online is one option. Courtesy of Sahaj DhingraDuring the summer between his sophomore and junior years of college, Sahaj Dhingra did $100,000 worth of Amazon sales in three and a half months. One strategy he implemented about a month after launching helped him scale quickly: He started listing products before buying the inventory. Shan Shan Fu used Etsy as a testing ground for what would sell best on AmazonShan Shan Fu, founder of Millennials In Motion. Courtesy of Shan Shan FuShan Shan Fu sold enough socks and tights on Amazon that she felt comfortable leaving corporate America to work for herself.

Persons: Sahaj Dhingra, Jatin Naran, Jatin Naran Jatin Naran, Naran, Fu, Shan, Shan Fu Organizations: Business, Costco, Amazon, Google, Millennials Locations: College, Dhingra, London, America

☆ Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
▼ + stars: | 2024-01-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. Excluding food, energy and trade services, PPI also was up 0.2%, in line with the estimate. For the full year, the final demand measure less food, energy and trade services rose 2.5% for all of 2023 after being up 4.7% in 2022. Markets initially reacted positively to the PPI release but turned lower through morning trading. PPI measures the prices that producers pay for goods and services, while CPI gauges what consumers pay in the marketplace.

Persons: Dow Jones, Kurt Rankin, Jamie Dimon Organizations: Labor Department, PPI, PNC, Diesel, Traders, Federal, Market, JPMorgan Locations: U.S

☆ A 20-year-old college student brought in $125,000 in 7 months doing retail arbitrage on Amazon. He explains how he got started with $3,000 upfront.
▼ + stars: | 2024-01-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Low-risk retail arbitrage is time-intensive, however. He had a few summer vacation months ahead: the perfect opportunity to scale a retail arbitrage operation. With FBA, he wouldn't have been able to list products until Amazon received them, which would have killed his strategy of listing products before purchasing inventory. Dhingra, now 20, is in his junior year at VCU and focused on other entrepreneurial projects since retail arbitrage requires so much time. He has reinvested 100% of his profits back into the arbitrage business, he said: "I haven't taken a single disbursement from my business checking.

Persons: Sahaj Dhingra, Dhingra, it's, Perrier, Nestlé, it'll, wouldn't, He'd Organizations: YouTube, Amazon, Costco, Walmart, Business, Virginia Commonwealth University, VCU, UPS, USPS Locations: Virginia, Dhingra

☆ A 24-year-old who has built multiple businesses around Amazon got his start doing wholesale on a $1,500 budget. He explains how to pick a product to resell for profit.
▼ + stars: | 2023-10-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

There are a few different ways to make money selling products on Amazon : arbitrage, wholesale, and private label. You aren't building your own product; you're simply reselling an existing product. What sets it apart from arbitrage is that you're buying products in bulk directly from a brand or distributor. To avoid the same mistake, you want to look at the listing page of the product you're interested in selling. How to pick a product to sell wholesaleAfter the wholesale mistake, "I went back to the drawing board," said Naran.

Persons: it's, Jatin Naran, Naran, I'm, who'd, he'd Organizations: Wholesale, Google, Amazon Locations: Alibaba, London

☆ A financially independent 24-year-old who has built multiple businesses around Amazon explains the 3 different tiers of selling there — including the low-cost strategy anyone can use to start making m
▼ + stars: | 2023-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

He earns money selling products on Amazon, from brand deals, affiliate links, and YouTube ads, and through his coaching program. Like arbitrage, you aren't building your own product; you're simply reselling an existing product but you're spending more money upfront on inventory. To make sure the product isn't a private label product, look at the listing page for a "buy box" that shows other sellers. If there aren't multiple sellers, "it's likely a private label product," said Naran. Private labelThe third tier, starting a private label brand, is the most time-consuming and costly, but has the most upside.

Persons: Jatin Naran, he'd, he's, Wholesaling, Naran, I'm Organizations: University of London, Amazon Locations: London, Alibaba

☆ 9 entrepreneurs who left corporate America share the biggest challenges of running a business — and what to expect before quitting to work for yourself
▼ + stars: | 2023-10-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Entrepreneurship can get overglamorized," said Tyler Wright, who left a sales job to build a personal finance brand and coaching business. "You have to manage yourself better and differently because you're working a job and you're trying to get something else off the ground, but you don't have to do it." Now, "I'm the CEO, I'm the CFO, I'm the head of content, I'm the head of accounting, I'm the head of everything," he continued. "When you're working for yourself, you're responsible for making the product, planning the product, marketing the product, maintaining your studio, training your assistant.

Persons: —, Tyler Wright, there's, Wright, Phil Thompson, Mike Gardon, Thompson, Ludomir Wanot, Katie Lauffenburger, Steph Gordon, Den Mathu, Den, Gordon, it's, Adah Fitzgerald, Lauffenburger, Katie McCarron, we've, I'm Organizations: Service, Entrepreneurship, Amazon, Evergreen Housing Network, Wonder, Portland Pet Food Company Locations: America, Toronto, Portland

☆ 5 successful real-estate investors who started with as little as $5,000 in savings explain how they leveraged FHA loans to buy their first properties
▼ + stars: | 2023-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Before writing off real estate as too expensive to invest in, you'll want to consider all of your options. Here's how it works and how you can use one to buy real estate and start building long-term wealth. How everyday people have leveraged FHA loans to buy property and build wealthBoston-based investor Karina Mejia used an FHA loan to buy her first property at age 22 . It's a joke but it is solid advice: Before you actually get married, you should each use your own FHA loan." You can get your foot in the door without too much upfront cash by using an FHA loan."

Persons: Ludomir Wanot, witxh, Wanot, Karina Mejia, Sasha, It's, Mejia, Avery Heilbron, Heilbron, Jervais, Jim Resonable, That's Organizations: Federal Housing Association, Evergreen Housing, Ludomir, Seattle, Department of Veterans Affairs Locations: Seattle, Boston, Georgia, North Carolina, North Carolina , California

☆ 8 entrepreneurs who left corporate America share the financial steps they took before quitting their jobs to work for themselves
▼ + stars: | 2023-10-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Entrepreneurs who left the corporate world to start businesses told Insider how they made the leap. They shared the financial steps they took, such as paying down debt and building an emergency fund. Ludomir Wanot, who quit a six-figure job at Amazon to build a real-estate-wholesaling business, took stock of his personal finances as he was preparing to leave corporate America. Steph Gordon and Den Mathu, a couple in Toronto, also considered their personal finances before quitting their corporate jobs to create online content full-time. You want to allow yourself as long a runway as possible to survive as an entrepreneur because, inevitably, you're going to make mistakes (and maybe costly ones).

Persons: —, Phil Thompson, Ludomir Wanot, Ludomir, Wanot, Steph Gordon, Den Mathu, Gordon, Mathu, Mike Gardon, Katie McCarron, Maggie, McCarron, It's, Katie Lauffenburger, Thompson, Tyler Wright, she'd, Wright Organizations: Entrepreneurs, Service, Amazon, Evergreen Housing, Portland Pet Food, Academic, Wonder Locations: Toronto, Portland, America, Chicago

☆ Inside the real-estate network for women that costs thousands but is helping investors build long-term wealth and achieve financial freedom
▼ + stars: | 2023-09-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Tresa Todd founded the Women's Real Estate Investors Network (WREIN). Stroud was no novice — she had dabbled in real-estate investing but hadn't generated much income from her portfolio. Joining the Women's Real Estate Investors Network (WREIN) was going to be a much bigger upfront investment than the course. She turned to real estate after realizing she needed to supplement her 401(k) money if she ever wanted to retire. Davitt and Verratti quit their jobs to work on their real estate business full-time.

Persons: Tresa Todd, Brenda Stroud's, Stroud, Todd, they've, Brenda Stroud, Brenda Stroud She, Mary Verratti, Brigette Davitt, Davitt, Verratti, Brigette Davitt Verratti, ", We've Organizations: Estate Investors, Dallas, Stroud, Tuskegee Locations: Stroud, Georgia, Tuskegee , Alabama, Pittsburgh , Pennsylvania, Seattle, Pittsburgh, Verratti

☆ After funding her 401(k) for 25 years, one woman realized it wouldn't be enough to retire. She explains the beginner-friendly strategy she used to start investing in real estate with zero money upfron
▼ + stars: | 2023-08-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

When Tresa Todd decided to pursue real-estate investing, she didn't have a ton of savings. Encouraged by her three sons who had been investing in Dallas real estate and offered to mentor her, she sold her house, quit her job, and moved to Dallas. Getting started with real estate wholesalingWhen Todd moved to pursue real-estate investing, she didn't have a ton of savings she could dip into, so her sons recommended she start with wholesaling. Todd sold her home in Tyler, Texas and moved to Dallas to invest in real estate alongside her sons. Do a Google search to find a community in your zip code and start attending local real estate meet-ups.

Persons: Tresa Todd, she'd, She'd, Todd, —, Let's, She's Organizations: MLS, Estate Investors Locations: Tyler , Texas, Dallas, wholesaling

☆ Strong services costs lift US producer prices; inflation expectations dip
▼ + stars: | 2023-08-11 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Some said the downgrade to June's data meant the rise in the PPI last month was in line with expectations. In the 12 months through July, the PPI increased 0.8% after gaining 0.2% in June, boosted by a lower base of comparison last year. Excluding the volatile food and energy components, the so-called core goods prices were unchanged last month after falling 0.2% in June. In the 12 months through July, the so-called core PPI increased 2.7%, matching June's rise. As with all the July inflation data, the pick-up in the annual core PCE rate is due to unfavorable base effects.

Persons: Bill Adams, Will Compernolle, Eugenio Aleman, Raymond James, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: PPI, Labor Department, Federal Reserve, Comerica Bank, Reuters, Reuters Graphics, Treasury, Consumers, University of, CPI, Fed, Thomson Locations: August WASHINGTON, Dallas, U.S, New York, disinflation

☆ After funding her 401(k) for 25 years, one woman realized it wouldn't be enough to retire. Here's how she used real-estate investing to build wealth and help thousands through her women-only investmen
▼ + stars: | 2023-08-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

She eventually founded a network to help other women achieve financial freedom via real estate investing. "I didn't have an ounce of experience as a real estate investor," she said. I left my 25-year career, sold my house, and started investing in real estate — and, well, it changed my life." It's a good strategy for beginner real-estate investors looking to break into the industry since it doesn't require upfront capital. That's when the Women's Real Estate Investors Network (WREIN) truly took off.

Persons: Tresa Todd, Todd, Todd didn't, —, It's, wholesaling Organizations: wholesaling, Estate Investors, WREIN, Estate Locations: Tyler , Texas, Dallas, Fort Worth, Houston

☆ Helping investors buy thousands of run-down houses on the cheap was to be the specialty of this proptech. Not even Dr. Phil could save it.
▼ + stars: | 2023-07-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

Stech told the wholesaler that the woman deserved some of that profit. "He looked me square in the eyes and said, 'That's all she said she needed,'" Stech told Dr. Phil. But Sundae, Stech said, marketed homes directly to investors, who would bid up the price in an effort to win the property. Two of the former Sundae employees told Insider that they often had to make determinations about the mental fitness of their elderly customers. When Insider asked Canavari about the layoffs in June, she told Insider that she was leaving the company herself.

Persons: Sundae, it's, Josh Stech, Phil, Phil —, —, Phil's, Stech, who'd, Andrew Swain Sundae, Peter Thiel's, Will Smith, Isaiah Thomas, HomeVestors, Susan Canavari, Canavari, Phil McGraw, Chris Terry, Terry, Opendoor, I'd, Dawn Tarner, Beth Sallomi Organizations: Fund, Investors, Getty, Facebook Locations: Sundae, Vegas, mailers, Atlanta, Florida

☆ Chinese miners try livestream sales to shift coal glut
▼ + stars: | 2023-06-15 | by ( Andrew Hayley | ) www.reuters.com time to read: +2 min

BEIJING, June 15 (Reuters) - On China's frenetic and hugely popular retail livestreams, glamorous hosts sell goods ranging from shoes and lipsticks to baby products and, increasingly, truckloads of sulphurous coal. By comparison, domestic thermal 5,500 kcal coal was traded at about 800 yuan ($111.64) per ton as of last week, according to trading sources. Though wholesaling of hard commodities is not entirely new to China's streaming platforms, it appears to be on the rise. Three of the most active coal channels on Douyin identified by Reuters - Huaze Coal, Guohai Daily Coal Price, and Jixing Coal - have together held 164 such online events so far this quarter, up from 120 events last quarter and 107 events in the fourth quarter of 2022. ($1=7.17 yuan)Reporting by Andrew Hayley and Beijing newsroom: Editing by Tony Munroe, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Hayley, Tony Munroe, Alexandra Hudson Organizations: Huaze Coal Industry, Reuters, Huaze, Daily Coal, Jixing, Alexandra Hudson Our, Thomson Locations: BEIJING, Shanxi, Beijing

☆ A former FedEx driver who couldn't afford to invest in real estate the traditional way explains how he used 'Airbnb arbitrage' to acquire 25 rental units in less than 2 years
▼ + stars: | 2023-06-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

If you're looking to get into real estate but don't have a ton of capital, 'rental arbitrage' is an option. You sign a long-term lease and then rent out that property on short-term rental platforms like Airbnb. Nathan Turner used this strategy to set up his first Airbnb unit with $6,400. The Turners' upfront costs would include: first month's rent, a security deposit, and furniture. Between first month's rent, a $1,200 security deposit, and furniture, they spent about $6,400 and three weeks putting together their first Airbnb in 2021.

Persons: Nathan Turner, Turner, Taniera, wholesaling, Airbnb, they'd, we've, he's, it's, I've Organizations: FedEx, Turners, Houston Locations: Houston , Texas, Houston, Louisville, Des Moines

☆ A 27-year-old started 'Airbnb arbitrage' after getting laid off during the pandemic. He explains how he got his first rental with $6,400 upfront and scaled to 25 units in less than 2 years.
▼ + stars: | 2023-05-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

After being laid off in March 2020 Nathan and Taniera Turner started looking into real estate. Today, they have 25 Airbnb units in three different states, plus an Airbnb cleaning business. They continued working with the client, who owned six Airbnb units total, and started learning more about the hosting side of the business. "They were telling us about their journey and how they were able to quit their jobs from doing Airbnb," said Turner. Moving to Houston and using rental arbitrage to set up an Airbnb rental with $6,400The Turners continued picking up clients and cleaning Airbnb properties in Louisville.

☆ Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
▼ + stars: | 2023-05-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that inflation is at least trending lower. The producer price index, a measure of prices for final demand goods and services, increased 0.2%, against the Dow Jones estimate for 0.3% and after declining 0.4% in March. On an annual basis, the headline PPI increased just 2.3%, down from 2.7% in March and the lowest reading since January 2021. Though the PPI rise was less than expected, the services index increased 0.3%, the biggest move since November 2022, the Bureau of Labor Statistics report stated. Gasoline prices rose 8.4%, pushing the goods index higher by 0.2%.

Persons: Dow Jones, Quincy Krosby Organizations: Labor Department, Dow, PPI, of Labor, LPL, Federal Reserve, CPI Locations: Washington

☆ A real estate investor shares how he grew his income from $28,000 to over $1 million in just 4 years through a combination of rental properties, house flipping, private money lending, and passive synd
▼ + stars: | 2023-05-06 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

He also successfully grew his real estate income from $28k in 2018 to well over $1 million in 2022. A "pivotal moment" for Rivers came after he began further immersing himself into Charleston's local real estate investing community by attending regular meetups and networking events. That's when he decided to become more actively involved through not only private money lending, but also home flipping and wholesaling. Scaling up with house flippingAround 2019, Rivers also began dabbling in house flipping, a strategy which makes up a huge chunk of his real estate investing income today. Focusing on passive investing through real estate syndicatesToday, Rivers also has an additional nearly $1 million invested across various syndicates.

☆ A real estate investor who built a $2.7 million portfolio in 4 years shares how he made over $180,000 from his biggest housing flip to date — and pinpoints the hidden costs to avoid when flipping home
▼ + stars: | 2023-04-30 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +10 min

Real estate investor Dan Rivers, who owns a 16-unit portfolio worth $2.7 million, also flips homes. In addition to his rental income, Rivers also has another nearly $1 million invested with a number of different real estate syndicates. In fact, flipping homes has been a big part of Rivers' success in real estate investing. Getting started in flipping homesRivers first became interested in flipping homes in 2019, while working as a real estate agent. Luckily, Rivers' real estate commission cushioned the loss by a couple grand, bringing his total loss down to over $2,000.

☆ A real estate investor who got started at age 38 explains how he built a 16-unit portfolio worth $2.7 million in just 4 years by adopting a compound growth mindset
▼ + stars: | 2023-04-22 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +12 min

Dan Rivers didn't buy his first real estate property until 2019, when he was 38 years old. A late start to real estate investingWhen Rivers was 16 years old, doctors discovered he had a congenital heart murmur. Although he didn't know anybody there and had never sold real estate, Rivers decided that he wanted to capitalize on his newfound confidence by trying his hand at becoming a real estate agent. But his real estate investing journey began picking up steam in 2019, when he met a local real estate flipper. How a compound growth mindset contributed to Rivers' successIn fact, Rivers credits much of his real estate investing success to this compound growth mindset.

☆ I've scoured Detroit's dumps, streets, and abandoned homes for wood and metal to make furniture. It's exciting to be part of a movement that redefines how society should use reclaimed materials.
▼ + stars: | 2023-04-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

At first, I didn't even know that car design was an actual career or business. Woodward Throwbacks' Detroit showroom. It is a sustainable design studio that custom builds furniture and home goods with recycled materials found in the city. I was falling out of love with car design, and the possibility of being my own boss excited me. What Woodward Throwbacks is doing — redefining how society sees and uses reclaimed materials for everyday use — has never been done before.

☆ A 28-year-old financially independent real estate investor explains the 'most inexpensive way to buy real estate' and how to score low down payments
▼ + stars: | 2023-03-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Durham-based real estate investor Avery Heilbron owns 5 properties on his own and co-owns one. He afforded his first place by house hacking and says it's "the most inexpensive way to buy real estate." What allowed him to go from an average earner in America to above-average was real estate investing. Kai Anderson's book "Retire on Real Estate" was what originally nudged him in the direction of owning property, he said. "There are a lot of ways to get into real estate without actually using a lot of money," Heilbron emphasized.

☆ The stock market and the economy are stuck on different pages - but the Fed's going to get the last word
▼ + stars: | 2023-02-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

It's one of my favorite books, and the idea is relevant today because "Catch-22" is a fitting characterization of what's facing stocks and economy right now. Good news isn't good news and bad news is good news. To be sure, inflation remains hot, as we saw in Friday's Personal Consumption Expenditure data — the Fed's preferred inflation gauge. Even as many top commentators are split on the outlook for the economy, markets appear stuck digesting a host of mixed signals, from strong economic data on the one hand, to fears of higher rates on the other. The billionaire Tesla chief has warned that the central bank could crush the value of the entire stock market.

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