💰Still celebrating April Fool's Day?

It’s a brand new week and a brand new month and the only foolish thing you could be doing today is not making moves to get ahead of your money.

Whether you're just starting out in your personal finance journey or are a seasoned veteran in mastering your money, here's a tool that could change your financial trajectory forever. Milan's Ultimate Budget Planner is the latest product in our gamut of resources bound to help you save more, get rid of debt permanently, and grow your wealth. Learn all about it at milansingh.co/planner

As always, here’s to supercharging your money, one step at a time 

- Milan

IN THE STOCKS

• S&P 500 5,254.35 (10.79%)
• NASDAQ 16,379.46 (10.93%)
• Dow Jones 39,807.37 (5.55%)

*Stock data as of closing on March 29th.

THE MONEY BREAKDOWN

"AI Washing”

In the world of finance, there's a buzz around artificial intelligence (AI), with companies keen to showcase their integration of the technology. However, the Securities and Exchange Commission (SEC) has warned about "AI washing”, where companies exaggerate their AI usage to attract investors. Last month, companies like Delphia and Global Predictions, faced SEC charges for misleading statements about their AI capabilities, settling for $400,000 combined. While most companies aren't breaking the law, many are inflating their AI involvement with Goldman Sachs finding that 36% of S&P 500 companies mentioned AI in their earnings calls.

Despite the hype, the reality of AI's current capabilities remains uncertain. Even projects like Google's Gemini and OpenAI's ChatGPT, which generated significant interest, face criticism and skepticism. Overselling has become commonplace, with companies eager to capitalize on AI's potential profitability. Amidst the hype, distinguishing between hope and reality in AI innovation is challenging. While the impact of AI is undeniable, the extent and timing of its effects remain uncertain, leaving many financial players navigating between optimism and skepticism.

MILAN’S HACK OF THE DAY

Start Building Your Credit To Chart Your Financial Journey

Here's a money hack to kickstart your financial journey: start building your credit early. Your credit score is more than just a number; it's your financial fingerprint, influencing everything from loan approvals to interest rates. By responsibly managing credit cards or loans, you not only establish a positive credit history but also pave the way for future financial opportunities. Start with a secured credit card or become an authorized user on a family member's card to dip your toes into the credit waters. Consistent, on-time payments and keeping your credit utilization low are key to boosting your score over time. Remember, building credit isn't a sprint but a marathon towards financial freedom and flexibility.

A strong credit score opens doors to better financial deals, whether it's securing a mortgage for your dream home or snagging a low-interest rate on a car loan. Plus, it demonstrates financial responsibility, earning you trust with lenders and potentially saving you thousands in interest payments down the line. So, consider building your credit as a foundational step in your wealth-building journey. It's not just about today's purchases but about setting yourself up for a brighter financial future tomorrow. To learn all about the easiest way to build your credit, visit milansingh.co/smartcredit