💰Are you getting ghosted?

Welcome to your Monday dose of financial wisdom and savvy tips! Whether you're a finance whiz or just getting started on your money journey, you're in the right place. From money hacks to investment insights, consider this your go-to guide for mastering your finances and living your best financial life. So, grab your favorite beverage, cozy up, and let's dive into the world of wealth building and smart money moves together!

- Milan

IN THE STOCKS

• S&P 500 5,222.68 (0.16%)

• NASDAQ 16,340.87 (-0.033%)

• Dow Jones 39,512.84 (0.32%)

*Stock data as of closing on May 10th.

THE MONEY BREAKDOWN

“Ghost Jobs” 👻

Ever stumbled upon a job posting that seems to linger indefinitely? You're not alone. Clarify Capital survey of over 1,000 hiring managers reveals a startling trend: 68% have job postings active for more than 30 days, with 1 in 10 managers enduring vacancies for over 6 months. These "ghost jobs" haunt job seekers, leaving them perplexed about which opportunities are real and which are bound to waste their precious job-seeking time.

So, how can you dodge these ghost jobs? Keep a keen eye on posting dates. While 96% of employers claim to be actively seeking candidates, a whopping 40% don't expect to fill positions for 2-3 months, and 1 in 10 keep postings open for half a year. Employers cite various reasons for ghosting applicants like keeping options open and signaling growth. But fear not—be aware of those posting dates and you can steer clear of ghostly gigs to find opportunities that are truly alive and kicking! 

If you’re thinking of switching jobs and are worried about financial security, make sure you have a healthy emergency fund saved in a high yield savings account. This will give you a cushion to fall back on while you find your footing in the working world again.

MILAN’S HACK OF THE DAY

Track Your Spending To Cut Back and Save Up 🚀

Here's a game-changing money hack: tracking your spending to pinpoint areas where you can trim the fat. It's like shining a spotlight on your financial habits, illuminating where your hard-earned cash is really going. Start by diligently logging every expense, whether it's that daily coffee run or the occasional splurge on a fancy dinner. If you use Milan’s Ultimate Budget Planner, it takes 5 minutes of your day to do this.

Then, take a closer look at your spending patterns. Are there any recurring expenses that you could do without? Perhaps it's that subscription service you never use or those impulse purchases that add up over time. By identifying these areas, you can reclaim control over your finances and redirect those funds towards your financial goals.

But here's where the magic happens: once you've identified where you can cut back, you open the door to savings and financial freedom. Maybe it's negotiating a better deal on your utilities or opting for a cheaper phone plan. Or perhaps it's finding creative ways to enjoy life without breaking the bank, like cooking at home instead of dining out or swapping pricey gym memberships for outdoor workouts. Tracking your spending isn't about deprivation—it's about empowerment. It's about taking charge of your financial future and making intentional choices that align with your goals and values. So, let's grab those receipts, fire up those budgeting apps, and watch our savings grow!

VIDEOS YOU MAY HAVE MISSED THIS WEEK

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