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Welcome to your January 8 newsletter...
Cryptocurrencies like Bitcoin offer wealth opportunities but have fueled addiction and financial ruin, with experts likening the risks to gambling. Get to know how one man got over it. Also, find out why Tesla CEO Elon Musk seems to be getting popular with the Brits in today's Money Making Moves:
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In the Fast Lane of Business...
> Elon Musk’s growing involvement in UK politics is resonating with the British public, with a recent Good Morning Britain poll showing 65.8% support for his influence. Musk’s acknowledgment of the support, a simple “Thank you, Britain!” on social media, has sparked further discussion about his political views and global influence. However, his endorsement of far-right figures and criticism of UK government policies, including the Online Safety Act, have drawn sharp criticism from Labour MPs and digital safety advocates. While some see Musk as a disruptor challenging the establishment, others warn of the risks his influence poses to democracy and public discourse. > Instagram has ended its program allowing creators to earn money from ads placed between content on their profiles, a feature it began testing in 2022 and expanded globally in 2024. While ads will still appear on nonteen public profiles, businesses can choose to exclude their ads from specific accounts. Meta, Instagram’s parent company, has generated significant ad revenue, with court filings revealing $16.5 billion in ad revenue in 2022. This marks yet another discontinued creator-monetization effort by Meta, following IGTV ad-sharing, a native affiliate program, and changes to the Reels Bonus program. > Delta Air Lines is partnering with Uber to integrate its SkyMiles loyalty program, allowing members to earn miles for Uber rides and Uber Eats orders starting this spring. SkyMiles members will earn one to three miles per dollar spent, depending on the type of Uber service used, as Delta ends its eight-year partnership with Lyft. This move aligns with Delta's strategy to expand its loyalty program partnerships, which also include Starbucks, Hertz, and Ticketmaster, and generate billions in revenue through its American Express collaboration. The partnership was announced at CES 2024, where Delta also unveiled plans for an AI-powered app assistant and in-flight entertainment upgrades.
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Unique Business Idea For You
A CNC machine is a computer-operated cutting tool capable of creating complex shapes from materials like wood, metal, plastic, and glass, allowing for rapid mass production. Affordable small-scale CNC machines enable small businesses to produce custom products from home on tight budgets. These products, including home décor, cooking tools, and toys, are in high demand on platforms like Etsy and Facebook Marketplace. Businesses like Avocrafts capitalize on this by offering unique, high-quality items, such as cedar coasters and placemats, that are easy to mass produce but feature distinctive patterns.
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Side Hustle You’d Be Crazy Not to Try
Turn your move overseas into a profitable side hustle by documenting your journey and offering guidance to others planning a similar adventure. Share tips, experiences, and advice through blogs, social media, or consulting services. This low-cost venture has minimal startup and maintenance expenses, maximizing your potential earnings. Your unique perspective can attract an audience eager to learn about living abroad.
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Personal Finance News
> January is often a time for health-related New Year’s resolutions, but these goals can be undermined by diet culture’s focus on weight loss and unrealistic body ideals. A weight-neutral approach encourages prioritizing overall well-being through behaviors like mindful eating, enjoyable movement, and self-compassion, rather than focusing on appearance or weight. This perspective supports long-term health benefits, improved mental health, and a holistic view of wellness that includes emotional, social, and spiritual dimensions. By reclaiming self-improvement goals and aligning them with personal values, resolutions can create lasting positive change and excitement for the year ahead. To help motivate you with this goal, click here. > A boss faced backlash after boasting in a text exchange about firing an employee, calling them "f***ing useless." The incident, shared by entrepreneur Ben Askins, went viral on social media, drawing widespread criticism for its unprofessional tone and dismissive attitude toward legitimate reasons for lateness, such as a car breakdown. While some viewers defended the disciplinary action for repeated tardiness, many condemned the boss’s behavior as a breach of trust and an attempt to intimidate the team. The controversy also highlighted legal and ethical concerns under UK employment law, emphasizing the need for fair processes and professionalism in workplace management. > Cryptocurrencies like Bitcoin have created opportunities for rapid wealth but also fueled addiction and financial ruin for many. With Bitcoin reaching a record high of £80,802 ($101,537) in January 2025, stories of success overshadow the growing societal issue of crypto addiction, which experts liken to gambling. One man, Alex, saw his life spiral into chaos as his obsession with crypto led to stolen savings, strained relationships, and suicidal despair before finding recovery through Gamblers Anonymous. Experts warn that without proper regulation and awareness, more individuals may fall victim to the risks of this volatile and unregulated market.
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