The Real Cost Of Crypto Wealth In Puerto Rico Latin Wealth podcast

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Welcome to Wealth Wednesday, where we break down the latest developments in business, technology, and economic trends that impact you. In today’s episode, we’re diving into two critical topics shaping the national conversation: 1. TikTok’s Potential U.S. Ban TikTok is once again at the center of a heated debate as lawmakers press its parent company, ByteDance, to sell its U.S. operations—or face an outright ban. The January 19th deadline looms, and with it, the future of the platform hangs in the balance. What’s at stake? Millions of creators, small businesses, and advertisers who rely on TikTok to connect with audiences, build brands, and drive revenue. We’ll explore: Why the U.S. government sees TikTok as a national security risk. How ByteDance is fighting back, including its appeal to the Supreme Court. What a TikTok ban could mean for the creator economy and the businesses that depend on it. Plus, we’ll discuss recent developments, including former President Trump’s unexpected meeting with TikTok’s CEO and how it could influence the platform’s future. 2. The Growing Economic Power of Latinos in the U.S. Latinos are not only the fastest-growing demographic in the United States but also one of the most powerful economic forces, contributing nearly $3 trillion to the U.S. GDP. If Latinos in the U.S. formed their own country, they would rank as the fifth-largest economy globally. In this segment, we’ll cover: The industries driving Latino economic growth, from construction and healthcare to food services and transportation. The rise of Latino-owned businesses, which have grown by 44% over the past decade. The barriers that still hold many Latino entrepreneurs back, including access to capital and systemic challenges. We’ll also discuss the steps needed to unlock even greater economic potential for Latinos, benefiting the U.S. economy as a whole. Actionable Tips for Creators and Entrepreneurs: In light of the TikTok uncertainty, we’re sharing key steps you can take to future-proof your platform and your business: Continue creating on TikTok but diversify your presence on other platforms like YouTube, Instagram, LinkedIn, and Pinterest. Focus on delivering valuable content that resonates with your audience rather than chasing numbers. Don’t wait—start creating today and explore emerging platforms like Lemon8, TikTok’s sister app, which offers seamless integration. Join us as we unpack these timely issues and offer actionable insights to help creators, entrepreneurs, and businesses navigate the challenges and opportunities ahead. If you find this content valuable, don’t forget to like, subscribe, and hit the notification bell for more updates on the latest trends in business, economy, and social media. Share your thoughts in the comments—we’d love to hear from you!…

Latin Wealth

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El Salvador’s Bold Move to Unlock $3 Trillion in Gold | Latin Wealth 19:25

25 weeks ago19:25

19:25

In this episode, we dive deep into two major stories shaping Latin America’s economic landscape: El Salvador’s $3 trillion gold mine discovery and the contrasting fiscal strategies of Argentina and Brazil. El Salvador’s $3 Trillion Gold Mine: A Golden Opportunity or Risky Gamble? El Salvador is sitting on what could be a game-changing economic resource: an estimated $3 trillion worth of untapped gold reserves beneath its soil. If leveraged correctly, this discovery has the potential to transform the nation’s economy, boost public finances, and attract global investment. However, the project raises critical questions: What are the environmental risks associated with large-scale mining? How will the government ensure equitable distribution of potential profits? Can this opportunity balance economic growth and sustainability? We analyze the possibilities and challenges that El Salvador faces as it considers tapping into this vast natural wealth. Argentina vs. Brazil: Fiscal Policy in Focus Latin America’s two largest economies are taking radically different approaches to their fiscal challenges. Argentina : Under the leadership of President Javier Milei, the country is embarking on an unprecedented austerity campaign aimed at eliminating the fiscal deficit for 2025. This marks a historic moment as Argentina tries to stabilize its economy after years of financial turmoil. While many applaud Milei’s bold measures, they come at the cost of drastic cuts to social services, which may impact the country’s most vulnerable communities. Brazil : In stark contrast, President Lula da Silva is doubling down on government spending to combat poverty and invest in infrastructure. While this approach has short-term benefits for economic growth and social equity, it raises concerns about the sustainability of Brazil’s growing debt, which is projected to reach 100% of GDP within a decade. The Bigger Picture: Latin America’s Fiscal Health While Argentina and Brazil dominate headlines, other regional economies are also navigating fiscal challenges: Chile : Striking a balance by reducing its deficit while increasing spending on social programs and public security. Colombia : Grappling with sluggish revenues and overdue reforms. Mexico : Maintaining stability amidst regional volatility. This episode unpacks the economic, social, and political implications of these strategies, offering a comprehensive look at how Latin America is managing its fiscal future. Why It Matters From resource exploitation to fiscal responsibility, these issues have global implications. Whether it’s El Salvador’s mining ambitions or the economic tug-of-war between austerity and social spending, the stakes are high for governments, businesses, and communities across the region. Join Carlos and Chris as they explore these pivotal topics, providing insights that go beyond the headlines and into the heart of Latin America’s economic future. Don’t forget to like, comment, and subscribe to stay updated on the stories that matter. Follow us on Instagram @LatinWealth and share this episode with your network. Available now on Apple Podcasts, Spotify, YouTube, and all major streaming platforms. Let me know if you’d like additional edits or suggestions!…

Latin Wealth

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Puerto Rico’s Tourism Boom: What’s Driving the Growth? | Latin Wealth 21:49

26 weeks ago21:49

21:49

In this episode of the Latin Wealth podcast, we explore two timely topics: the rise of Puerto Rico as a travel hotspot and the surprising growth in Black Friday and Cyber Monday spending despite ongoing global crises. Puerto Rico: A Tourism Powerhouse -Puerto Rico is no longer just a vacation destination; it’s a global tourism leader. The island has bounced back stronger than ever, with an 85% increase in overseas visitors since 2019, according to the US National Travel and Tourism Office. Tourism is thriving with more visitors, longer stays, and record-high spending, reaching $9.8 billion in 2023. We break down the "trifecta of tourism growth" that has made Puerto Rico one of the most desirable travel destinations in 2024: - Increased flight availability, including more direct flights from the West Coast. - A 6% rise in hotel bookings year-over-year. - A growing trend of travelers dreaming about “La Isla,” as flight searches for trips between November 2024 and February 2025 are up 9%. Black Friday & Cyber Monday Spending Soars Despite challenges like inflation and global crises, U.S. consumers are expected to spend big this Black Friday and Cyber Monday. The average consumer spending between November 28 and December 2 is projected to hit $650, a 15% year-over-year increase. We discuss the factors driving this growth: - Retailers’ aggressive marketing strategies with steep discounts and exclusive deals. - The resilience of consumer spending power despite financial pressures. - Data from the National Retail Federation (NRF) showing the growing importance of Thanksgiving weekend shopping. - Join Carlos and Chris as we unpack what these trends mean for businesses, consumers, and the Latino community. Don’t forget to like, comment, and subscribe for more content that keeps you informed and inspired. Share this episode with friends and family, and follow us on Instagram @LatinWealth for the latest updates. Available now on Apple Podcasts, Spotify, YouTube, and all major streaming platforms. #puertorico #blackfriday…

Latin Wealth

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Should You Rent or Buy in 2025? Housing Trends Explained | Latin Wealth 32:32

27 weeks ago32:32

32:32

In this episode, we tackle two critical topics dominating the headlines: the continued decline in rent prices and the controversial investments by U.S. Immigration and Customs Enforcement (ICE) in cutting-edge surveillance technologies. Housing Market Update: Rent prices for 0-2 bedroom apartments have fallen for 15 consecutive months, according to a new report, and are now $40 lower than their August 2022 peak. While this is good news for renters, mortgage rates have climbed to 6.91%, making it more challenging for prospective homebuyers. With rents expected to drop further into 2025, we explore the pressing question: Is it smarter to rent or buy? We break down the numbers, discuss who benefits most from each option, and share insights into the real estate market's future. Whether you’re renting, buying, or stuck deciding, this segment offers valuable advice for navigating housing trends. ICE’s Surveillance Spending: In a shocking turn of events, U.S. Immigration and Customs Enforcement (ICE) has reportedly spent over $20 million on advanced surveillance tools, just ahead of former President Donald Trump’s proposed mass deportation plan. Contracts signed just months before the 2020 election include technologies that enable phone surveillance, social media tracking, facial recognition, and smartphone hacking—even accessing deleted data. We dive deep into what this means for privacy in America, why this technology isn’t just for immigration enforcement, and how it could affect everyone. Are we entering an era where no one is safe from surveillance? We share our thoughts on these chilling developments, the ethical concerns, and the broader implications for civil liberties. Make sure to like, comment, and subscribe for more content that keeps you informed and entertained. Share this episode with friends and family, and follow us on Instagram @LatinWealth for the latest updates. Available now on Apple Podcasts, Spotify, YouTube, and all major streaming platforms.…

Latin Wealth

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(Video) Julian Rodarte: Awarded 30 Under 30 Chef, Inside the Restaurant Business, Building a Culinary Empire 1:02:40

28 weeks ago1:02:40

1:02:40

In this episode of the Latin Wealth podcast, we’re thrilled to welcome Julian Rodarte, an award-winning chef, entrepreneur, and innovator in the hospitality industry. At just 23 years old, Julian opened his first restaurant and has since become a household name in the culinary world. Now the Executive Chef at Beto & Son in Dallas, Texas, Julian leads one of the most celebrated restaurants in the U.S., which earned a spot among the "15 Best New Restaurants in the United States" in 2017. Julian’s accolades don’t stop there. As a 30 under 30 honoree and the CEO of NXT-GEN Hospitality, he’s redefining what it means to be a modern restaurateur. He’s also a familiar face on major platforms like Buzzfeed, Food Network, Travel Channel, and Chopped U, where he’s shared his culinary expertise and passion for innovation. In this episode, Julian dives deep into his journey, sharing stories of his childhood, his love for food, and how he transitioned into the restaurant business. We explore the challenges and triumphs of running a restaurant, his thoughts on city development in Dallas, and the role of projects like Trinity Groves in shaping the local dining scene. Julian also opens up about overcoming failures, lessons learned in the industry, and advice he’d give to aspiring chefs and entrepreneurs. We also touch on the exciting news of Texas earning its first Michelin stars. Does this milestone motivate Julian? What are his thoughts on why it took so long, and does he believe Michelin’s presence in Texas is as prestigious as in other cities? He doesn’t hold back, offering a candid perspective on these topics. Whether you’re a foodie, entrepreneur, or someone who loves a great story of perseverance and success, this episode is for you. Make sure to stay tuned until the end, where Julian shares how you can connect with him and follow his journey. Don’t forget to like, comment, and subscribe to the channel for more insightful conversations. Follow us on Instagram @LatinWealth and share this episode with your friends and family. #latinwealth #latino #entrepreneur…

Latin Wealth

12 weeks ago39:33

39:33

Latin Wealth

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Trump PRESSURED to Make Puerto Rico Independent? 28:43

12 weeks ago28:43

28:43

Trump Pressured to Make Puerto Rico Independent & Tesla’s Worst Stock Drop in 5 Years Welcome back to Wealth Wednesday , where we break down the biggest financial, economic, and political headlines impacting the world. In today’s episode, we dive into two major stories: 1. Trump Pressured to Make Puerto Rico Independent to Save $617 Billion Reports suggest that Donald Trump is being lobbied to make Puerto Rico an independent nation , with claims that doing so would save American taxpayers $617.8 billion over time. A seven-page draft executive order has surfaced, proposing a 21-month transition timeline for Puerto Rico’s independence . One major component of the proposal is ending birthright citizenship for Puerto Ricans born after December 31, 2026 while providing a $36 billion per year transition fund for 20 years to support economic self-sufficiency. Advocates of Puerto Rican statehood are calling the reports fake , while others argue the U.S. government spends more on Puerto Rico than it receives in economic contributions. Talking Points Is this proposal real or just political noise? Would Puerto Rican independence benefit the island or create more economic struggles? How much money does Puerto Rico actually contribute to the U.S. economy? If this happens, what policies need to be in place to ensure the $36 billion annual fund is properly distributed? Would Trump ever agree to this plan, or is this just a distraction from larger political goals? 2. Tesla Shares Plunge 15% in Their Worst Drop Since 2020 Tesla stock crashed 15% on Monday , marking its worst single-day decline in nearly five years . This continues a seven-week losing streak , the longest since Tesla’s public debut in 2010. Since peaking at $479.86 on December 17 , Tesla’s stock has lost over 50% of its value , wiping out $800 billion in market cap . The stock’s decline has coincided with CEO Elon Musk’s increasing involvement in the Trump administration , raising questions about whether his political connections are affecting investor confidence. How Is Musk Handling the Situation? Musk acknowledged the difficulty of balancing his businesses and political role , stating he is trying to prevent government waste and fraud from bankrupting the country. Meanwhile, his other ventures are struggling: His social network X (formerly Twitter) faced multiple outages on Monday. SpaceX is investigating two back-to-back explosions during Starship test flights. What Does This Mean for Tesla’s Future? Will Tesla bounce back, or is this the beginning of a long-term decline? Is Musk too distracted by his political role to effectively lead his businesses? • ⁃ Are investors losing confidence in Tesla’s long-term growth?…

Latin Wealth

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(Video) Considering MOVING to Puerto Rico? Here's The Truth... 1:00:53

13 weeks ago1:00:53

1:00:53

Moving Back to Puerto Rico: Real Estate, Business, and Lifestyle with “Back to the Island In this episode, we welcome Tiara and Angel , the founders of the “Back to the Island” YouTube channel . This couple, originally from Puerto Rico , moved to the U.S. before making the life-changing decision to move back to the island three years ago . Through their vlogs, they document their real estate journey, home renovations, and the process of buying property in Puerto Rico . We dive into: Their journey of moving back to PR after living in the U.S. What inspired them to return and what they envisioned for their new life. Challenges they faced in transitioning back to Puerto Rico. Buying their first property and their mindset on investing. Starting Prolific Construction , their real estate and construction business in PR. Fixing, flipping, and renting properties in Puerto Rico —how they’re building wealth through real estate. Why many Puerto Ricans are leaving the island and their thoughts on locals selling their property. Seeking peace and building a sustainable life in PR. Tiara and Angel share valuable insights for anyone considering moving to Puerto Rico, investing in real estate, or starting a business on the island…

Latin Wealth

21 weeks ago1:03:36