25 Wealth Creating Opportunites For This Week

From Side Hustles to Crypto, We've Got You Covered

Author

S Damien
July 16, 2024

Hello There Wealth Seekers,

Welcome to this week's edition of Let's Get Rich! Grab your favorite mushroom-infused chai, and double-shot latte (Or whatever Tim Ferris is drinking this month) and settle in as we dive into the top stocks, startups, cryptos, business opportunities, and niches that are making waves this week. No fluff, just actionable insights to help you make smarter moves with your money. Let's get into it!

📈 Top 5 Stocks for This Week

  1. Okta (OKTA)

    • Why It’s Hot: Okta’s identity management solutions are in high demand as cybersecurity becomes increasingly crucial. The company’s strong earnings and robust growth in subscription revenues make it a top pick.

    • Current Price: Around $80 per share.

  2. Celsius Holdings (CELH)

    • Why It’s Hot: The fitness beverage company is seeing rapid growth thanks to expanding distribution channels and increasing consumer interest in health and wellness products.

    • Current Price: Around $150 per share.

  3. Ares Capital (ARCC)

    • Why It’s Hot: Ares Capital offers high yield and stability. With a solid track record and consistent dividend payouts, it’s a strong choice for income-focused investors.

    • Current Price: Around $20 per share.

  4. NextEra Energy (NEE)

    • Why It’s Hot: NextEra Energy’s focus on renewable energy projects positions it well for the future. The company’s strong earnings growth and commitment to clean energy make it a compelling investment.

    • Current Price: Around $80 per share.

  5. Home Depot (HD)

    • Why It’s Hot: Home Depot continues to benefit from the home improvement boom. With strong sales growth and a solid dividend yield, it remains a top pick in the retail sector.

    • Current Price: Around $300 per share.

🌱 Top 5 Growing Startups This Week

  1. Fair

    • Why It’s Hot: Fair is revolutionizing car leasing with its flexible, app-based model. The recent funding round has positioned it for rapid expansion.

    • Highlights: Strategic partnerships and market expansion.

  2. Gong.io

    • Why It’s Hot: Gong’s revenue intelligence platform is transforming sales processes by leveraging AI to analyze customer interactions. Its rapid growth and strong customer base make it a standout.

    • Highlights: Significant funding and expanding market presence.

  3. Samsara

    • Why It’s Hot: Samsara’s IoT solutions for fleet management and industrial operations are gaining traction. The company’s innovative approach is driving significant growth.

    • Highlights: Expanding product offerings and market reach.

  4. Drata

    • Why It’s Hot: Drata’s compliance automation platform is a game-changer for companies looking to streamline their security and compliance processes. Its rapid adoption in the market is noteworthy.

    • Highlights: Strong customer acquisition and technological innovation.

  5. AirGarage

    • Why It’s Hot: AirGarage is modernizing parking management with its tech-driven solutions. The company’s recent successes in expanding its service offerings make it one to watch.

    • Highlights: Growth in user base and operational efficiency.

🪙🚀 Top 5 Cryptocurrencies This Week

  1. Bitcoin (BTC)

    • Why It’s Hot: Bitcoin remains the dominant player with recent price stability and continued institutional adoption.

    • Current Trends: Increased mainstream acceptance and adoption.

  2. Ethereum (ETH)

    • Why It’s Hot: The upcoming Ethereum 2.0 upgrade promises enhanced scalability and security, drawing significant interest.

    • Current Trends: Strong developer activity and growing DeFi ecosystem.

  3. Cardano (ADA)

    • Why It’s Hot: Cardano’s expanding smart contract capabilities are attracting developers and investors alike.

    • Current Trends: Strategic partnerships and technological advancements.

  4. Solana (SOL)

    • Why It’s Hot: Known for its high-speed transactions, Solana is quickly becoming a favorite for decentralized finance projects.

    • Current Trends: Increased adoption in the DeFi space.

  5. Polkadot (DOT)

    • Why It’s Hot: Polkadot’s innovative approach to interoperability between blockchains is gaining traction.

    • Current Trends: Growing ecosystem and developer interest.

🤑 Top 10 Business Opportunities and Ideas This Week

  1. Eco-Friendly Products

    • Why It’s Hot: Sustainability is a key trend, and products like reusable straws and eco-friendly packaging are in demand.

    • Opportunity: Start an online store focused on green products.

  2. Online Courses and Tutoring

    • Why It’s Hot: E-learning is booming. Create courses or offer tutoring in areas where you have expertise.

    • Opportunity: Platforms like Teachable and Udemy are great starting points.

  3. Subscription Boxes

    • Why It’s Hot: Personalized experiences are all the rage. From beauty products to gourmet snacks, there’s a box for everything.

    • Opportunity: Launch a subscription box service catering to niche markets.

  4. Dropshipping

    • Why It’s Hot: With low upfront costs, dropshipping is a flexible business model. Find trending products and market them effectively.

    • Opportunity: Use platforms like Shopify and Oberlo to get started.

  5. Health and Wellness Apps

    • Why It’s Hot: The health tech industry is growing rapidly. Develop an app that helps users achieve their wellness goals.

    • Opportunity: Focus on user-friendly design and effective marketing.

  6. Freelance Services

    • Why It’s Hot: The gig economy is thriving. Offer your skills in writing, design, or consulting as a freelancer.

    • Opportunity: Platforms like Upwork and Fiverr can help you find clients.

  7. Affiliate Marketing

    • Why It’s Hot: Promote products online and earn commissions. It’s a scalable model that can be highly profitable.

    • Opportunity: Focus on niche markets and build a strong online presence.

  8. Virtual Assistant Services

    • Why It’s Hot: Busy professionals need help managing their workload. Offer services like scheduling and email management.

    • Opportunity: Market your services to small businesses and entrepreneurs.

  9. Social Media Management

    • Why It’s Hot: Businesses need a strong online presence, and social media managers are essential for maintaining and growing this presence. With the right strategies, you can help companies engage with their audience and build brand loyalty.

    • Opportunity: Develop a portfolio showcasing your successes with past clients. Use this to attract small to medium-sized businesses looking to enhance their social media game.

  10. Mobile Car Wash and Detailing

    • Why It’s Hot: Convenient and time-saving services are always in demand. Offering a mobile car wash and detailing service allows you to reach customers at their homes or offices, providing a valuable service with minimal overhead costs.

    • Opportunity: Start with a basic setup and invest in quality cleaning products. Leverage social media and local advertising to build your client base.

👨‍💻 Top 5 Growing Niches to Make Money From This Week

  1. Pet Products

    • Why It’s Hot: The pet industry is booming, with owners spending more on their furry friends. From high-end pet foods to luxury pet accessories, there’s a growing market for quality pet products.

  2. Home Fitness

    • Why It’s Hot: With more people working out from home, there’s a growing demand for home fitness equipment and virtual training programs. This trend is likely to continue as people look for convenient and effective ways to stay in shape.

  3. Plant-Based Foods

    • Why It’s Hot: The shift towards healthier eating habits is driving the plant-based food market. Consumers are increasingly looking for alternatives to meat and dairy, creating opportunities for new products and brands.

  4. Remote Work Solutions

    • Why It’s Hot: As remote work becomes permanent for many, solutions that enhance productivity and collaboration are in high demand. From project management tools to ergonomic home office equipment, there’s a wide range of products and services to explore.

  5. Niche Subscription Boxes

    • Why It’s Hot: Offering specialized products, from gourmet snacks to craft supplies, caters to specific interests and hobbies. This model provides a steady stream of revenue and the potential for loyal customer bases.

That’s all for this week! Keep your eyes peeled for these opportunities, and remember, the early bird gets the worm—or in this case, the early investor gets the profits.

Stay savvy, stay rich!

Cheers,

Your Friendly Wealth Whisperers at Let’s Get Rich