Good morning. This weekend we're talking about making money, protecting it and keeping more of it.
On The Money Today:
Dave Ramsey's 2-step millionaire formula
The home security blind spot thieves are counting on
DeSantis wants to eliminate property taxes — but there's a qualifier
Let's get into it.
Dave Ramsey just shared results from the largest millionaire study ever done in North America — and the biggest finding might change how you think about your own financial future. Nine out of ten millionaires built their wealth from scratch, with no inheritance and no CEO salary. Teachers made the top five list. The two moves they all had in common? You've probably already got access to both.
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A California family came home to a ransacked house and $25,000 in stolen valuables — and their security cameras recorded nothing. Police say the thieves likely jammed the Wi-Fi signal before breaking in, a tactic that's spreading across the country and costs criminals less than $60 to pull off. If your home security runs on Wi-Fi, there's a gap in your protection you may not know about.
Florida already has no state income tax. Now Governor Ron DeSantis is pushing to eliminate property taxes on primary residences too — a move that could save homeowners thousands a year. But the proposal comes with guardrails: DeSantis wants longtime residents to benefit first, not people moving in specifically to take advantage of the break. The rules aren't finalized yet, but whether you'd qualify may come down to more than just where you live.
ALSO MAKING THE ROUNDS TODAY
DEBT: Mark Cuban calls student loans the 'dumbest thing you can do' — and says there's a smarter two-step path that could save you tens of thousands
NEWS: A Texas couple reclaimed their grandfather's stolen land — only to find it had been used as an illegal dump site for truckers on the Trinity River
INVESTING: 'Not all will survive' — the world's biggest EV maker just delivered a blunt warning to automakers and the investors who back them
DEBT: A $3,100 ER bill got knocked down to $280 with one phone call — here's how to try it yourself
HAVE YOUR SAY
If you never had to pay property tax again, what would you do with the extra money?
That's a wrap for today! Before you go, we'd love to know what you thought of today's newsletter. Hit REPLY if you have more to share — we read every one.
See you soon with another quick roundup of the financial news that matters.
