Good morning. The assumptions that once governed careers, family wealth and global markets are being challenged right now. Today's stories make that very clear.
On The Money Today:
Kevin O'Leary says to 'chillax' on Iran and oil. Do experts agree?
She just found out she won't inherit a cent of her husband's $2 million trust
Dirty Jobs host Mike Rowe says one blue-collar job is being poached like a pro athlete. No college degree required
Let's get into it.
Kevin O'Leary is telling Americans to calm down about the Iran war and oil prices — calling it "history being made" and a "huge" opportunity. But the head of the International Energy Agency, the European Central Bank president and Saudi officials all have something to say about that. Before you chillax, it's worth hearing both sides.
SPONSORED BY Masterworks
Masterworks lets you invest in shares of blue-chip artwork by artists like Picasso, Basquiat and Banksy. With 25 successful exits and more than $65 million distributed to investors, the track record speaks for itself. Browse their portfolio, choose how many shares to buy and Masterworks handles the rest. New offerings sell out in minutes — skip the waitlist here.
Note that past performance is not indicative of future returns. Investing involves risk. See Reg A disclosures at masterworks.com/cd.
Eileen and her husband are in their 60s and assumed his quarterly trust payments would protect her if he died first. They were wrong. The $2 million trust is a bloodline trust — and when he dies, every cent goes to their daughter. Eileen gets nothing. The Ramsey Show hosts had a clear message about what the couple should do instead.
Mike Rowe met three workers under 30 at a Texas data center — no student loan debt, poached three times in 18 months and earning around $260,000 a year. While AI is eliminating white-collar jobs, it's creating an unprecedented demand for skilled trades. The U.S. needs 300,000 new workers in this field over the next decade alone. A generation that was told to go to college is starting to do the math.
MORE FROM MONEYWISE
INVESTING: Massachusetts taxed its millionaires — and $4.2B in earnings walked out the door with them. Here's how to slash your tax bill without leaving
TRAVEL: This couple sold their home and moved onto a cruise ship full-time — and they say they're actually saving money
RETIREMENT: Do you really need long-term care insurance in America? Read what the data actually says
LIFE: One influencer made $350,000 promoting cruises to Gen Z — how a younger crowd is transforming the cruise industry
POLL:
How are you preparing your finances for global uncertainty?
That’s it for today. See you soon with another quick roundup of the financial news that matters.