Aluminum prices surged to multi-year highs partly because Aluminum Bahrain (Alba), one of the world's largest smelters, cut output roughly 10–19% due to Strait of Hormuz geopolitical tensions.
Where this was said
At 35:23 · chapter starts 33:00
Bobby Lee surprises Andrew by correctly identifying the geopolitical chain connecting Strait of Hormuz tensions to Coca-Cola price hikes: aluminum. Aluminum Bahrain, one of the world's largest smelters, cut output 10–19%, sending aluminum prices to multi-year highs and making every Coke can more expensive. The 'forever war' tangent that follows is genuinely interesting: Andrew argues no American war actually finishes, using Vietnam as his example — the US didn't lose, it just 'went home,' which is, as he notes, the American way of pretending you're not losing. Bobby's retort that Vietnam wasn't even officially a 'war' adds the punctuation.
An 85-year-old nursing home resident wants to spend $50,000 — a quarter of his entire $200,000 nest egg — flying 10 family members to the Holy Land.
An estimated $31.9 million worth of 401(k) balances have been abandoned by former employees and are sitting unclaimed.
Matt from Chicago paid off $72,000 in debt in 6 months by working 12-hour days, 7 days a week, then funded an emergency fund and pre-paid a Costa Rica vacation.
Matt continues working 80+ hours a week after becoming debt-free in order to pay off his house by age 40, against his fiancée's wishes.
Elizabeth and her husband in Nashville carry $180,000 in combined debt — $115K in student loans plus medical bills and a car — and just discovered she is 5 weeks pregnant with their second child while also having a 4-month-old.
Despite $180K in debt and a surprise pregnancy, Elizabeth's EveryDollar budget shows a $747.39 monthly surplus on top of minimum payments and living expenses.
Elizabeth and her husband earn $1,900 per month from side hustles — she does Lyft and house cleaning while he does additional gig work — on top of their regular income.
Gold has averaged approximately 7.8% annual return since 1971 when the U.S. dollar was untied from it, which George Kamel notes is lower than historical stock market returns.
George Kamel shared that he and his wife paid off their own home mortgage in 26 months — far ahead of their original 4-year goal.
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