The Wealthy Corner

05/17/2025

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Shoutout to Yasantha 😂

I did some research and found that he is currently the Vice President of Research and AI at Analog Inference.

Thanks for making sure Jeff pivoted and went on to give us Amazon.com!
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05/16/2025

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On Shark Tank, Snactiv presented their product: a chopstick-like tool that allows users to snack without getting their fingers dirty, particularly useful for tech users and gamers.

The founders demonstrated how the device attaches to the fingers and keeps hands clean while snacking.

The pitch received interest from the Sharks, and Snactiv secured a deal with Kevin Hart and Lori Greiner, who invested in the product.
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05/15/2025

The Road to Millionaire Status

Becoming a millionaire isn’t about luck—it’s about strategy. The right habits, investments, and mindset can turn steady progress into massive wealth. But here’s the truth: most people never get there because they focus on quick wins instead of long-term growth. Are you making the moves that truly build wealth, or just spinning your wheels? The road to millionaire status is open to those who take action—are you ready to start your journey?

Read Full Article here: https://thewealthycorner.com/the-road-to-millionaire-status/

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Uncover the truth behind the millionaire myth and learn the real steps to financial prosperity. From budgeting and investing to cultivating a wealth mindset, discover how anyone can achieve millionaire status through smart, sustained financial efforts.

05/14/2025

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Nvidia’s CEO, Jensen Huang, is known for his unique leadership style, focused on pushing employees to their full potential.

In a conversation with Stripe CEO Patrick Collison, Huang said he would rather “torture employees to greatness” than fire them, showing his belief in their ability to improve.

While intense, this approach reflects his commitment to not giving up on people. Huang’s leadership has been key to Nvidia’s rise as a tech giant.

Sometimes, you have to channel your inner Terence Fletcher. 🥁
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05/13/2025

How Credit Scores work in Canada

Your credit score isn’t just a number—it’s your financial reputation. It can open doors to better loan rates, housing opportunities, and even job prospects. But do you really know how it works? Too many Canadians make simple mistakes that hurt their scores without even realizing it. The key to financial power is understanding what affects your credit and how to improve it. Are you managing your score wisely, or leaving it to chance?

Read Full Article here: https://thewealthycorner.com/how-credit-scores-work-in-canada/

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Learn how credit scores work in Canada including what credit reports are, how scores are calculated, and the steps you can take to improve your score. Dive into the intricacies of credit management and understand why a good credit score is your financial asset in Canada!

05/12/2025

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Kevin Systrom, along with Mike Krieger, launched Instagram in 2010 as a photo-sharing app.

In 2012, Facebook acquired Instagram for about $1 billion, marking one of the biggest tech deals of the time.

At that time, Instagram had only 30 million users and no revenue, but being dangerous was their leverage.
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05/11/2025

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RokBlok appeared on "Shark Tank" showcasing its portable record player, which plays vinyl records by running on top of them.

During the pitch, entrepreneur Logan Riley demonstrated the device's unique ability to play records wirelessly.

The Sharks were intrigued, and Robert Herjavec offered a deal for 100% ownership at $500k + 2 years of Job & a royalty of $5 per unit, which Riley accepted.
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05/10/2025

12 Mistakes to Avoid during a Recession

A recession doesn’t just test the economy—it tests your financial decisions. Some choices can protect your wealth, while others can drain it fast. Panic selling, overspending, ignoring opportunities—these mistakes can cost you big. The key to surviving and thriving during economic downturns? Knowing what not to do. Those who stay informed make smarter moves and come out stronger. Are you prepared to navigate uncertain times without making costly errors?

Read Full Article here: https://thewealthycorner.com/12-mistakes-to-avoid-during-a-recession/

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Navigate through economic downturns by learning the 12 critical mistakes to avoid during a recession. From panic selling to neglecting self-care, discover how proactive planning can lead to financial stability and personal well-being amidst financial challenges.

05/09/2025

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Jennifer Gwynne, who dated Elon Musk during their college years, earned over $165,000 in 2022 by auctioning personal items related to him.

Notable sales included a birthday card from Musk that fetched $16,643, a dorm room photo of him lying upside down that sold for $21,889, and a 14k gold necklace he gifted her in 1994, which sold for $51,008. Gwynne sold these items to help pay for her stepson's college tuition.

Lesson? Forget the doctors and lawyers. Date only engineers and keep items till they are dead. Never ever burn them after a breakup. 😂
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05/08/2025

What is a Locked in Retirement Account (LIRA)

Your retirement savings should work for you—but what if your money is locked away? A Locked-in Retirement Account (LIRA) isn’t like a regular RRSP—you can’t just withdraw funds whenever you want. While it’s designed to provide long-term security, it also comes with rules and restrictions that could impact your financial flexibility. Are you prepared for what that means for your retirement strategy? Knowing how to navigate a LIRA could be the key to maximizing your future income.

Read Full Article here: https://thewealthycorner.com/what-is-a-locked-in-retirement-account-lira/

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Discover the essentials of a Locked-in Retirement Account (LIRA) in Canada, a specialized retirement savings plan for managing pension funds from previous employers. Learn about eligibility, how to transfer pension funds, investment control, and the tax-deferred growth benefits of a LIRA, making it....

05/07/2025

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Jeff Bezos gives a tip on supporting truth-telling within your organization.

As Steve Jobs once said, "A company should be run by ideas, not hierarchy."
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05/06/2025

What Retirement Plan Should I Pick

Retirement isn’t a one-size-fits-all journey—your plan needs to fit your goals, lifestyle, and future vision. But with so many options, how do you choose? The right plan can mean financial freedom, while the wrong one could leave you short when it matters most. Tax advantages, withdrawal flexibility, and long-term growth all play a role. The question is: are you making the best choice for your future, or just going with the default? It’s time to take control of your retirement strategy.

Read Full Article here: https://thewealthycorner.com/what-retirement-plan-should-i-pick/

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Explore the diverse retirement income options available in Canada, including work pension plans, registered savings accounts, public pensions, annuities, and personal investments. Understand the factors to consider when selecting the best retirement plan for your goals, such as eligibility, type of....