Kevin O'Leary shares wealth tips from his mother, while Dave Ramsey advises aspiring millionaires to start reading

Welcome to your November 5 newsletter!

Kevin O'Leary emphasizes the valuable wealth lessons he learned from his mother whom he was surprised to learn had hidden wealth. Meanwhile, financial expert Dave Ramsey encourages those aspiring to be millionaires to cultivate a reading habit, highlighting the importance of continuous learning and personal growth in achieving financial goals.

In the Fast Lane of Business...

> Kevin O'Leary credits his financial wisdom to his mother's disciplined approach to investing , which she maintained privately over 32 years. Despite her modest background, she quietly set aside 15% of her income each week, building wealth through a balanced portfolio of bonds and dividend-paying stocks. She diversified her investments carefully, avoiding overexposure to any single asset or sector, which protected her from market volatility. Her method, which combined steady saving, dividend income, and strategic diversification, left a lasting legacy and continues to influence O'Leary's financial philosophy.

> Singapore Airlines plans to introduce a four-seat first-class cabin on its Airbus A350-900 ultra-long-range aircraft , targeting high-end travelers on flights lasting up to 17 hours, such as its route between New York and Singapore. The revamped cabin will feature enhanced business-class suites with sliding doors for added privacy, and new in-flight entertainment options aimed at delivering greater luxury and comfort. Part of a broader $835 million retrofit, Singapore Airlines will also update 34 long-range A350s with an increase in business and economy seats, starting mid-2026. Unlike U.S. airlines, which are phasing out first-class on long-haul routes, some international carriers, including Lufthansa, continue to invest in premium first-class suites.

> Elon Musk has become a prominent supporter of Donald Trump’s 2024 campaign, investing over $100 million into a pro-Trump PAC, hosting events, and leveraging his social media platform, X, to bolster Trump’s bid. Yet, days before the election, Musk focused on a viral story about a pet squirrel, Peanut, who was euthanized by authorities due to rabies concerns , framing it as government overreach and Democratic cruelty. Musk's posts on the incident gained massive engagement, with allies echoing his criticism of government actions. Amid the Peanut posts, Musk continued his political commentary, promoting his town halls and urging followers to “Vote For PNut! For Liberty! For Freedom!”

Unique Business Idea For You

An online advertising service can be a valuable tool for small business owners looking to boost their digital presence . Given the rapid evolution of digital marketing platforms, many businesses may lack the time to learn or keep up with effective strategies. Starting an advertising business focused on helping these companies manage Google Ads, Facebook Ads, and other digital campaigns can fill a crucial need—and could lead to launching a full-scale agency. For those new to online advertising, WordStream offers recommended resources and courses for learning Google and Facebook Ads.

Side Hustle You’d Be Crazy Not to Try

Selling digital products is a flexible way to earn income using existing skills . You could create ebooks, templates, custom music, or graphic design assets like fonts and layouts. Once your product is ready, set up an online store and market it through social media, offering samples or discounts to attract customers. This approach allows you to reach a broad audience without managing physical inventory.

Personal Finance News

> Spirit Airlines offers winter fares as low as $49 one-way , with no discount code needed, for travel between Nov. 11 and Feb. 15, 2025. The sale, available exclusively on Spirit's website, ends Nov. 5 at 11:59 p.m. ET, with some date restrictions. Saver$ Club members can save even more, by booking select flights for $20 to $29. All flights can be changed or canceled without fees up to an hour before departure, though fare differences may apply.

For the best deals all year round, click here .?

> Financial expert Dave Ramsey advises aspiring millionaires to prioritize reading over watching TV , emphasizing lifelong learning as a key to wealth. He suggests that wealthy individuals invest in self-improvement by reading nonfiction books, which helps expand knowledge and develop valuable skills. Following in the footsteps of successful figures like Warren Buffett and Elon Musk, Ramsey believes reading fosters creativity, strategic thinking, and effective decision-making. This habit, he argues, is foundational to achieving financial success and building wealth over time.

> The Bayliss family’s Mercedes EQA caught fire while charging in their driveway , causing extensive damage to their home and raising concerns about electric vehicle safety. The fire, suspected to be caused by "thermal runaway" in the lithium battery, spread quickly, forcing the family to evacuate. While Mercedes provided a loan vehicle, Scott Bayliss found their response inadequate, given the severe risks involved. The incident joins other cases that highlight potential safety issues with electric and hybrid cars.

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