Daily Money: Elon Musk on cryptocurrency; 'revenge spending'; investing advice
Nathan BomeyGood morning, Daily Money team, it's Nathan wishing you a happy Friday!
🤳 By now you may have heard about Apple's new Airtags. They've gotten a lot of hype, but do they really make life easier?
On to our ...
💡 INSIGHT OF THE DAY: Becoming a millionaire on a $50,000 salary isn't easy. But with enough time, you can do it: Investing $500 a month over 35 years with an annual 8% return will get you there.
📰 Here are more stories you'll want to see:
1. Tesla's Elon Musk has been hinting at his love of dogecoin for months. But today he urged investors to be careful with cryptocurrency.
2. Is there a chicken shortage? Here's how COVID, the chicken sandwich war and chicken wing demand are affecting restaurants.
3. After recalling all of its treadmills, Peloton is issuing a software fix.
4 The Kidde TruSense Smoke Alarm is being recalled. See the details here.
5. What's "revenge spending"? It's making up for lost time in 2020 by over-indulging in 2021. Don't do it.
I don't know. Getting revenge on 2020 sounds like a pretty sweet proposition to me.
--@NathanBomey