Happy 5th of July and happy 248th birthday to the United States.

We're going to kick off our 5th of July 1st Friday episode by talking about the British.

Because as of today, they have a new Prime

Minister. We'll discuss what that may mean for the economy. We're also going to talk

about the jobs report which came out this morning and was better than expected and we're going to discuss the fact that

the S&P 500 is now the S&P5500 we are in absolutely new terrain with the S&P 500 hitting never before seen highs.

We'll discuss what the Chevron decision might mean for Social Security benefits and other matters

of retirement and your wallet and we'll talk about

California's new accessory dwelling unit law and the implications that this may have

for the housing market. the that understands you can afford anything but not everything every choice

carries a trade-off and that applies not just to your money but your time your focus your

energy your attention to any limited resource that you need to manage this is a

show that's all about helping you be a better that you

be a better resource allocator and we touch on five pillars with the acronym of fire with two eyes

Financial Psychology increasing your income, investing, real estate,

and entrepreneurship. Every first Friday of the month we do a monthly economic update and today's

update will touch on most if not all of those five pillars.

My name is Paula Pan, I'm the host of the show Welcome.

We'll start with the latest news, the UK held its general election yesterday on the 4th of July.

Their left-wing Labour Party won by a landslide.

With Labour Leader Kir Starmer becoming the new Prime Minister, this puts an end of 14 years of conservative

rule in the UK and stands in sharp contrast to right-wing parties winning or poised to win many elections across mainland Europe.

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