By Lauren Young, Digital Special Projects Editor |
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Greetings, On the Money readers! The war with Iran is causing extreme volatility in the global markets, so I'm devoting much of this newsletter to its impact on your money. As always, I'd love to hear your thoughts, so please reach out to me with questions, comments or concerns at onthemoney@thomsonreuters.com. You can also follow me on X at @laurenyoung and on LinkedIn. |
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Is university worth it? Average student debt at graduation is nearly $40,000 in the U.S. and more than £50,000 in the U.K.. As fears grow that AI could replace white-collar jobs, more young people are asking whether a degree is still worth the cost. Watch here. |
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🐩 What is the Plan B for your career? |
Maddie Hale, professional dog walker. Courtesy Maddie Hale /Handout via REUTERS |
Anyone who knows me (or reads this newsletter on a regular basis) knows that I love dogs, so this piece about a woman who skipped the traditional university track and started a dog walking business really resonated with me. As AI threatens to transform the job market, more than half of Gen Z and Gen Alpha believe traditional employment may become obsolete, according to a global survey of 12,000 by freelance marketplace Fiverr, with 38% of respondents saying they are already freelancing or plan to. Do you have a Plan B for your career, and does it involve a current side hustle? Write to me at onthemoney@thomsonreuters.com. |
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🏠 The home-hopping guide to passive income |
Texas-based realtor Kaya Reena Vennam. Courtesy Kaya Reena Vennam/Handout via REUTERS |
Have you ever considered home hopping – buying a property, living there for a while, moving out and then renting it? Although short-term rentals can cover the costs of a monthly mortgage payment more quickly than a traditional long-term tenant, income isn't guaranteed. Vacancies are a risk, and more than half of short-term rental operators now cite market saturation as a key challenge, according to a 2024 Guesty report. Here is how one millennial couple is turning frequent moves into an investment portfolio. |
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💰Introducing Emotional Currency |
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This newsletter was edited by Mark Porter. |
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