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Howdy, I came across the term digital feudalism a few weeks ago and I can’t stop thinking about it. It’s a way some folks are describing our current digital economy where we are all powerless serfs, freely giving our data, attention and labor through content creation to digital platforms. Then, in exchange for all of our free labor, we’re given the opportunity to be advertised to through these same platforms. All along the way, enriching the platform owners. It’s weird to navigate because when I think I am scrolling for fun, whether I intend to or not, I’m actually participating in the digital economy. And it’s getting increasingly difficult to opt out of it. How do you feel about this concept of digital feudalism? Does being online feel like work or does it feel like leisure? It’s probably a toxic mix of both. I’d love to hear your thoughts. Don’t be shy; hit reply. P.S. A friendly reminder that tax day for s-corps is on March 15, about a month away. Please be nice to your accountants (and yourselves) by getting them your financial reports and tax data well before then! And if you need help getting your bookkeeping and financial reports in order, please consider Hell Yeah, Bookkeeping. 1. 💸 How to Build a Million-Dollar Business with Rachel Rodgers (Weird Finance) In this episode of Weird Finance, Paco talks to Rachel Rodgers (@rachrodgersesq). Rachel shares her personal tale of going from lawyer to exhilarating business coach, emphasizing the significance of pursuing work that fuels your passion. They delve into the intriguing world of making bold business decisions for financial abundance, tackle the idea of "broke-ass decisions," and dissect the psychological hurdles that can impede financial growth. From helping you get a grip on your spending to planning for retirement and tackling debt, we’re working with Ladies Talking About Money to provide personal financial planning. Our approach to money and personal finance is all about making it accessible, less scary, and meeting you where you are. We have limited spots available; fill out an inquiry form here. If you have a question you’d like me to answer on the Weird Finance podcast, you can leave me a voicemail at 1-833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com. |
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Hello friend, Here are some numbers that caught my eye this week. Revenue between $10k - $50k and production costs between $30k - $80k. What emerging artists on the 2026 Coachella line up earn and spend in production costs. Compare that to headliners like Justin Beiber’s record-breaking $10M fee. After $500k - $2M in production costs, there’s still a hefty profit. $0.004. What Spotify pays per stream. In California, artists must rack up ~733,000 streams a month in order to earn minimum wage....
Hi there, I had a roommate who, at one point, was one of the most powerful assistants in Hollywood. She was 1 of 4 assistants and her life was chaotic, but when you’re in your twenties, you have the energy for it. One day I remember coming home, walking into the kitchen and seeing several deli platters full of uneaten food. There were multiple loaves of bread and packs of cigarettes. My immediate thought was, “Score.” “Where did all this come from?” I asked my roommate. She was standing in...
Hello there, I’m writing this from a hotel room in Paris, where I’ve been staying for a bit over a week. Since I arrived, the news out of the U.S. has been a steady drumbeat: a military parade during the largest protests on record, political assassinations, attacks exchanged between Iran and Israel, and talk of the U.S. going to war. The headlines shift, but the chaos doesn’t, that part stays the same. From this strange vantage point—physically, far from it all but, emotionally, still wired...