Episodes
![Alternative Energy Solutions in Puerto Rico: Solving the Power Grid Challenges | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
3 days ago
3 days ago
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. Today, we dive deep into the power grid issues in Puerto Rico, a topic that recently went viral on our social media. We've brought on a special guest, Jason Negron, President of BatricityPR, to discuss the current state and future of power generation on the island.
In this episode, we cover:
The history of power generation in Puerto Rico
Why LUMA is the choice for the island’s future
Governmental support for alternative energy
The current state of alternative energy on the island
How the community can help and get involved
Common misconceptions about power generation in Puerto Rico
Join us as we explore these critical issues and discuss potential solutions for a more sustainable energy future in Puerto Rico.
Follow us on IG: @latinwealth Email for questions or inquiries: latinwealthpodcast@gmail.com
![Exploring the Economic Boom in the Dominican Republic | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jul 17, 2024
Exploring the Economic Boom in the Dominican Republic | Wealth Wednesday
Wednesday Jul 17, 2024
Wednesday Jul 17, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. In today's episode, we explore the booming economy of the Dominican Republic. With impressive growth and increasing foreign investment, the DR has become a hotspot for investors and tourists alike.
The Dominican Republic broke its foreign investment record with over $4 billion in 2022 and nearly $4.4 billion in 2023. Investments are pouring into real estate, commerce, tourism, energy, and mining, with significant contributions from the US, Spain, Mexico, Canada, Panama, and France.
We dive into the tourism sector, which saw 8 million visitors last year and is expected to reach close to 10 million this year. Additionally, we discuss the rapid development in the energy sector, including the $110 million Monte Plata solar energy park.
Join us as we break down these exciting developments and discuss the future of investment in the Dominican Republic.
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![How the Election Could Impact Bitcoin in 2024 | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jul 10, 2024
How the Election Could Impact Bitcoin in 2024 | Wealth Wednesday
Wednesday Jul 10, 2024
Wednesday Jul 10, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. In today's episode, we dive into the recent market activities, including the significant inflows into Bitcoin ETFs after the 4th of July, the latest updates on Bitcoin, and the potential impacts of the upcoming election on the crypto market.
Bitcoin experienced a historic plunge, dropping more than 10% post-holiday. Despite this, U.S.-based spot Bitcoin ETFs saw impressive net inflows, with Fidelity's Wise Origin Bitcoin Fund leading the pack. We discuss these trends and what they mean for the broader market.
We'll also touch on the upcoming presidential election and its potential influence on Bitcoin and the crypto space. Hear insights from BTC Inc founder David Baily on how he envisions the future of cryptocurrency under different political scenarios.
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![How to Start an ATM Business Step By Step In 2024 w/ Juan Jeronimo](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Friday Jul 05, 2024
How to Start an ATM Business Step By Step In 2024 w/ Juan Jeronimo
Friday Jul 05, 2024
Friday Jul 05, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
In this exciting episode, we have a special guest, Juan Jeronimo, a successful Latino entrepreneur who has built a thriving business in the ATM industry. Have you ever wondered who owns the ATMs you see at barbershops, gas stations, and other locations? Juan went from working on an oil rig to becoming the CEO of ATM Together, and he's here to share his inspiring journey and insights on starting an ATM business from the ground up.
Episode Highlights:
Meet Juan Jeronimo
Latino entrepreneur
CEO of ATM Together
Transition from oil rig worker to business owner
Background Story
Juan's upbringing and early career
Journey from worker to business owner
ATM Business 101
Overview of the ATM business
What a typical day looks like managing 20 ATMs
Setting Up an ATM Business
Establishing a business (LLC)
Sourcing machines: where to get them, cost, types (including Bitcoin machines)
Understanding ATM processing fees
Finding and Securing Locations
How to identify and secure the best locations for ATMs
Contacting and negotiating with location owners
Making Money with ATMs
Revenue generation from ATMs
Managing cash flow and paying yourself
Return on Investment (ROI)
Timeframe for recouping your investment
Options for those without initial capital, including credit solutions
Scaling the ATM Business
Strategies for scaling the business model
Adapting to a cashless society: addressing the trend of increasing credit card use
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![Why is Nike's Stock Dropping? & Travel Boom in Latin America | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jul 03, 2024
Why is Nike's Stock Dropping? & Travel Boom in Latin America | Wealth Wednesday
Wednesday Jul 03, 2024
Wednesday Jul 03, 2024
Welcome to another episode of Wealth Wednesday hosted by Latin Wealth! In today's episode, we dive into the latest news surrounding Nike, the potential economic boost from travel and tourism in Latin America, and Google's significant funding for Black and Latino AI-powered startups.
Nike has seen a significant drop in its stock price, falling from $106 to $75 year-to-date. We'll explore the company's new strategies to combat declining sales and regain customer loyalty.
We'll also discuss a report suggesting that travel and tourism in Latin America could boost the region's economy by $260 billion over the next decade. Key policies and strategic investments are essential for unlocking this growth.
Additionally, Google has funded 20 Black and Latino founders of AI-powered companies with $150,000 each. We'll highlight some of the innovative startups benefiting from this initiative and the broader impact on the tech industry.
Join us as we discuss these topics and more! Don't forget to stay tuned for our upcoming episodes and special guests.
![Empanada Empire: Pilar Guzmán's Journey & Partnership Tips | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jun 26, 2024
Empanada Empire: Pilar Guzmán's Journey & Partnership Tips | Wealth Wednesday
Wednesday Jun 26, 2024
Wednesday Jun 26, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. Today, we have an exciting lineup of topics to discuss, including historic political developments, health insights, and groundbreaking technological advancements.
Topics Covered:
How to Develop Successful Partnerships
Meet a Female Entrepreneur Bringing Empanadas to an Airport Near You
Entrepreneur Spotlight: Half Moon Empanadas Co-Founder Pilar Guzmán
Started with one store, almost went bankrupt, and restarted with a food cart.
Now runs an empanada empire with over 20 locations, including airports in Miami, Denver, Fort Lauderdale, Nashville, and Chicago.
In 2023 alone, the company sold three million empanadas.
Guzmán was featured in Inc. magazine's 2024 Female Founders 250 "most intriguing" entrepreneurs.
Challenges and Resilience:
Initially struggled, losing money and nearly going bankrupt.
Relocated to a kitchen in Miami and began again with a cart at the University of Miami.
Faced an economic crisis for seven years without earning a salary.
Guzmán attributes her resilience to her personality and determination to overcome challenges.
Developing Successful Partnerships: Step 1: Identify and Align Goals
Clearly define your own goals and objectives.
Research potential partners with aligned goals, values, and missions.
Ensure mutual benefits, shared vision, and complementary skills.
Step 2: Build Trust and Communication
Be transparent, reliable, and uphold integrity.
Maintain regular communication and actively listen to your partner.
Establish clear communication channels and protocols.
Step 3: Define Roles and Responsibilities
Clearly outline roles, responsibilities, and contributions in a written agreement.
Set expectations regarding performance, deliverables, and timelines.
Define authority, accountability, resource allocation, conflict resolution, and key performance indicators (KPIs).
Step 4: Monitor, Evaluate, and Adapt
Regularly track progress against defined goals and KPIs.
Implement feedback mechanisms and conduct periodic performance reviews.
Be flexible and willing to adapt roles, responsibilities, and strategies as needed.
Identify opportunities to scale and expand the partnership.
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![Stock Investing 101: Beginner's Guide to the Stock Market | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jun 19, 2024
Stock Investing 101: Beginner's Guide to the Stock Market | Wealth Wednesday
Wednesday Jun 19, 2024
Wednesday Jun 19, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. Today, we have an exciting lineup of topics to discuss, including historic political developments, health insights, and groundbreaking technological advancements.
A Whole Episode About Stocks!
What is a Stock?
Understanding Stocks:
A stock represents ownership in a company. When you buy a stock, you purchase a small part of the company, known as a share.
Example: A share of Apple equals $207.
Step 2: How to Invest in a Stock
Basic Steps:
Set Financial Goals: Determine your investment objectives.
Budgeting: Decide how much money you can afford to invest.
Research: Learn about different companies and industries.
Investment Methods:
Buy and Hold: Invest in stocks for long-term growth.
Dividend Investing: Invest in stocks that pay regular dividends.
Step 3: Where to Invest
Brokerage Accounts:
Full-Service Brokers: Personalized advice but higher fees.
Discount Brokers: Lower fees but minimal advice.
Online Brokers: Platforms like Robinhood, E*TRADE, or TD Ameritrade.
Step 4: Keys to Stock Picking
Fundamental Analysis:
Company Financials: Examine financial statements.
Earnings and Growth: Look at the company’s earnings history and growth potential.
Valuation Ratios: Use metrics like the Price-to-Earnings (P/E) ratio.
Step 5: Due Diligence
Ongoing Learning:
Books and Courses: "The Little Book of Common Sense Investing" by John C. Bogle.
Financial News: Follow sources such as Bloomberg, CNBC, and The Wall Street Journal.
Engaging with the Community:
Forums and Groups: Join online forums and local investment clubs.
Professional Advice: Consult a financial advisor for personalized guidance.
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![Apple Introduces AI at WWDC | Puerto Rico's Power Grid Improvements | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jun 12, 2024
Apple Introduces AI at WWDC | Puerto Rico's Power Grid Improvements | Wealth Wednesday
Wednesday Jun 12, 2024
Wednesday Jun 12, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. Today, we have an exciting lineup of topics to discuss, including historic political developments, health insights, and groundbreaking technological advancements.
Apple’s News: AI Integration and Product Updates
Apple recently introduced AI enhancements at its WWDC event, pushing its stock to an all-time high of around $207 a share. Here are some key highlights from the event, including updates to iPhones, iPads, Macs, and more:
Siri gets smarter: Enhanced AI capabilities.
AI-generated emojis: Personalized and dynamic emojis.
OpenAI Partnership: Collaborating for advanced AI tools.
Hidden apps: New privacy features for locking apps with Face ID, Touch ID, or passcode.
Real-time call transcripts: Record and transcribe calls directly from the phone app.
Gesture controls for AirPods: Answer or decline calls with head gestures.
Apple Watch health monitoring: Track vital signs and receive notifications when you're getting sick.
Big Announcement: Apple Intelligence
Apple introduced "Apple Intelligence," a suite of AI tools designed to personalize user experiences while maintaining privacy. This marks Apple's significant entry into the AI space, aiming to surpass current market offerings.
Puerto Rico’s Power Grid: Challenges and Improvements
Puerto Rico's power grid has faced numerous challenges, particularly after natural disasters like Hurricane Maria in 2017. The vulnerabilities in the system have highlighted the need for substantial improvements in infrastructure, management, and resilience.
Current Management: LUMA Energy took over the grid's maintenance, modernization, and distribution in 2021 after PREPA went bankrupt.
PR100 Initiative: Puerto Rico aims for 100% renewable energy by 2050. Significant system upgrades and investments, with community participation, are essential to achieve this goal.
Scenarios for Improvement
Scenario 1: Economic rooftop solar for building owners, prioritizing critical services.
Scenario 2: Solar panels for building owners and low-to-moderate income households.
Scenario 3: Solar panels for all buildings.
Current Progress
Puerto Rico has made strides in renewable energy, adding more rooftop solar per capita than any U.S. state last year. The territory increased its renewable generation to 12% from 4% over three years, with a goal of reaching 18-20% next year, compared to the 40% goal set by Puerto Rican law.
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![Mexico Elects Its First Female President & Why Puerto Rican's Live Longer Than The Average American | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday Jun 05, 2024
Wednesday Jun 05, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. Today, we have an exciting lineup of topics to discuss, including historic political developments, health insights, and groundbreaking technological advancements.
Mexico Elects Its First Female President
Mexico has made history by electing Claudia Sheinbaum as its first female president. Sheinbaum, a former mayor of Mexico City and an environmental scientist, represents the ruling Morena party and will also be the first Mexican president of Jewish heritage. Garnering between 58.3% and 60.7% of the vote, her victory marks a significant milestone in Mexico's 200-year history.
Puerto Ricans Live Longer Than the Rest of the US
Puerto Ricans enjoy a longer life expectancy than the average US citizen, despite the island's lower GDP per capita and higher poverty rates. This phenomenon raises intriguing questions about the factors contributing to their longevity. We'll explore the potential impacts of Puerto Rico's diet, quality of life, cultural values, and favorable climate.
Bilingual AI Brain Implant Helps Stroke Survivor Communicate
In a remarkable advancement, scientists at the University of California, San Francisco have developed a bilingual brain implant that enables a stroke survivor named Pancho to communicate in both Spanish and English. Using an AI neural network, the implant decodes Pancho's brain activity to articulate words, allowing him to switch between languages seamlessly. This breakthrough exemplifies the transformative power of technology in improving lives.
Join us as we dive deep into these fascinating topics on today's episode. Don't miss out on our detailed discussion and insightful analysis!
Timestamps: 0:00 - Introduction 1:25 - Mexico Elects Its First Female President 7:45 - Why Puerto Ricans Live Longer 15:30 - Bilingual AI Brain Implant Helps Stroke Survivor Communicate
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
![Puerto Rico's Mega-Project: $2 Billion Investment Unveiled & Nvidia's Stock Breaks Records | Wealth Wednesday](https://pbcdn1.podbean.com/imglogo/image-logo/12469142/Lw_2-min_5nt98h_300x300.png)
Wednesday May 29, 2024
Wednesday May 29, 2024
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. In today’s episode, we dive deep into the evolving concept of the American Dream. What we grew up believing may not hold true anymore. Join us as we explore this shift and share insights on 3 business and investing mistakes you need to avoid.Episode Highlights:
In today's episode, we explore some of the most exciting developments in the world of wealth and investments:
Nvidia's Stock Breaks Records
Nvidia's stock soared above $1,100 for the first time ever on Tuesday.
Discover Nvidia’s role in AI, gaming, autonomous vehicles, and more.
Learn about Nvidia’s 10-for-1 stock split, making shares more accessible to investors.
Find out why Nvidia might be a strong buy with its increased quarterly dividend and stellar financial performance.
Argentina's Inflation Woes
We discuss Argentina’s severe inflation challenges and their implications for the economy and everyday life.
Puerto Rico’s $2 Billion Mega-Project
Reuben Brothers and Three Rules Capital are planning a massive $2 billion development in Puerto Rico.
The Esencia project will feature luxury hotels, branded residences, a private airport, golf courses, an equestrian center, and a bilingual K-12 school.
Get insights into the Reuben Brothers, prominent leaders in private equity and real estate.
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
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