Episode 7 - What Does It Mean to Be Wealthy?

In this episode, our hosts discuss the surprising market gains in August, the burgeoning field of AI adoption, and finally, they tackle the concept of wealth - emphasizing the importance of financial literacy and investing to reach retirement goals.



The What Does It Mean? podcast sifts through the noise to break down only the most important stuff impacting the stock market, the economy and your money this week. Chris, Bob, Lindsey and their guests give their (often) varying perspectives. Every episode ends with a lesson learned and how it applies to your money.

Resources and References:

• 10 Reasons why AI may be overrated
• Atlanta Fed GDPNow Model
• Bankrate’s 2024 Annual Emergency Savings Report
• Cleveland Fed Inflation Nowcasting
• CME FedWatch Tool
• Charles Schwab Survey Reveals That Americans Think It Takes $2.5 Million to Be Considered Wealthy in 2024
• Personal Savings Rate History
• Survey: The average American feels they need to earn over $186K a year just to live comfortably
• What Is the Average Retirement Savings in the U.S.?
• S&P 500 Weekly Chart
• Volatility Index Daily Chart

Chris Versace

• TheStreet Pro Portfolio
• Thematic Signals
• @ChrisJVersace
• LinkedIn

Bob Lang

• Explosive Options
• TheStreet
• @Aztecs99
• LinkedIn

Lindsey Bell

• The Shift
• Tedx Talk
• @JustLBell
• LinkedIn