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By Ted Williams |
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Hello Thursday. I spent last week on a family vacation in Linville, NC. I played 5 glorious golf rounds at Linville Golf Club with my two older kids.
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My 10-year-old son beat me for the first time, shooting a legit 78. But I beat my brother-in-law Trevor in our annual golf match. Fun to shame him in front of all 9,701 of you!! You stink, Trevor!!
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We also took a day trip to Tweetsie Railroad which set our family of 5 back $265 👀 — although I love it there.
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On the 2-hour car ride home I told my wife it’s the best vacation I’ve ever had with our 3 children. A few minutes later, my iPhone vibrated with my screen time recap of 1hr 27mins per day for the week, a record low. Coincidence? Anyways.
💼 Hot Job: VP Client Engagement at Red Ventures ($220K – $300K). Hybrid. Potential equity. Oversee all aspects of client delivery. Fancy campus with $1 lattes.
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💰 Price Check: $825. Cost of the new non-stop flight from Charlotte to Athens. Daily direct flights started 3 weeks ago.
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👨 Shout-out: Frank Scibelli, restaurant mogul, for opening YAFO's fourth location in Ballantyne. Frank’s 18 restaurants include Midwood Smokehouse, Paco's Tacos, YAFO, Calle Sol, Mama Ricotta's, and Little Mama's.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
6,092 |
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Nasdaq |
22,443 |
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NOW OPEN
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After $325K makeover, Painted Rooster opens in former Zada Jane's spot with very tasty chicken
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Dyn-o-mite Chicken Mac & Cheese ($14), sneaky delicious
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I was the first customer on Monday when the Painted Rooster opened in Plaza Midwood. Their team took my photo, not knowing I was a big time blogger 😂!
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"The wings, tenders, nugs and chicken sandwiches are so good, they're a Hootenanny!" said co-founder Zach Current (49), who also started Moo & Brew.
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Surprising start: Chicken Wontons ($9) have already become a fan favorite. Choose buffalo or bacon ranch.
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Aggressive order: I weirded out the new waiter when I ordered Rooster Style Chicken Wings ($11), Carolina Crispy Chicken Salad ($15), Anchor Buffalo Chicken Wrap ($15), 3 Chicken Tenders ($6), and Dyn-o-mite Chicken Mac & Cheese ($14).
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I thought the mac and cheese with buffalo chicken tenders on top was going to be gimmicky, but it’s delicious.
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Salads have fancy hydroponic lettuce and they’re served in big silver bowls. Very fresh.
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Tiny take: I’ll be back. When I do, I’ll order the Anchor Buffalo Chicken Wrap again.
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PRESENTED BY TOCCARE
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Book an award-winning facial at Toccare Day Spa in Dilworth
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Toccare lobby in Dilworth, No. 1 best facial in Charlotte
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GROWTH MODE
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32-year-old quits job at Facebook to start women's golf brand — on pace for "mid 6-figures" revenue
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Blair Hedley, UGA grad who previously worked at Facebook and KPMG
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"I discovered golf post-pandemic with my now-husband," Blair told me. "I was frustrated by either 'shrink-it-and-pink-it' or granny-floral options that never fit."
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So Blair took $100K in savings and started Beldrie, a high performance women's apparel brand for golf, tennis, and pickleball.
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Growth: The stylish brand currently averages 200 orders per month. Revenue is up 500% YoY and will hit "mid-6-figures" this year.
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Fully bootstrapped. No outside investors.
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Sold out our entire debut collection in just 4 months.
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Bestsellers are the award winning $78 top and $88 elevated skort.
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Unit economics: "Consistent 65% gross profit margin, fueled by premium fabrics and direct-to-consumer pricing."
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Secret sauce: Given her Facebook experience, Blair created an ambassador program that's delivering 3.5X ROAS (return on ad spend), with 100+ brand ambassadors driving reviews, UGC, and community growth.
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Market size: "People often underestimate the size of the women’s golf apparel market — it’s actually a $3-billion-plus category on its own."
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What's next: Blair's looking for a co-founder to help scale as demand booms. "I’m running Beldrie full-time as a mom to a 4-month-old, turning nap windows into work blocks."
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MONEY TALKS
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33-year-old product manager making $246K looking to "automate" her way to $4M net worth
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Ever Andalo, her No. 1 favorite restaurant
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Money Talks is a weekly series showcasing how real people in Charlotte approach money. Participate.
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Job: "I'm a technology product manager. I make $246K. My husband makes $160K."
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Salary advice: "Talk to people about your salary! I used to think $100k was the most I could make. Until I heard of people making $200K, $500K, $1M. And switching jobs every few years early in your career can do wonders."
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Best money decision: "Buying in Plaza Shamrock back in 2020. We wanted to be in NoDa/Plaza Midwood, but couldn't afford it. We recently moved over to the Camp North End area and kept our first home as a cash-flowing rental. Rent is $2,850/mo and mortgage is $1,910/mo."
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Net worth: "About $860K. We’ve got $30K in cash, $550K in investments, and home equity of about $300K."
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Retirement: “Stretch goal is $4M in net worth (joint with my husband) by age 40 and work-optional at that point. I'd love to own a business.”
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Rich in Charlotte: “Living in Myers Park :)”
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Full story: Salary journey and automations used by 33 year old DINKs making $406K combined
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MONEY SNACKS
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5 other financial headlines that I’m snacking on
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Nickyo's Rodeo opened yesterday in South End. Expect live music and $6 Tuesday margaritas in glass boot-shaped mugs at this 8,600-square-foot western bar.
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Fin & Fino offering a dozen free oysters to guests if you give your server your phone this summer. Cool promo. Mondays only, must spend $20 on other stuff.
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Boomerang hires are taking off. People returning to former employers now account for a record-setting 35% of new hires.
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Dryer vent cleaning business for sale asking $200K. Revenue $356K. Cash flow $130K. 5 out of 5 stars with 574 Google reviews.
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Hello Sailor combats viral Facebook rumor of its closing with Instagram post explaining that it’s got a 25-year lease and has been smashing records.
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HOUSEKEEPING
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Seemingly Overzealous invests $125K to open new Dilworth location
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Birthday Cake Ice Cream, Seemingly Overzealous Dilworth
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Seemingly Overzealous just debuted their 3rd location near Sunflour Bakery in Dilworth.
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"First year revenue should be $250K to $300K," co-owner Garrett Tichy texted me. At full capacity in future years, he expects revenue to surpass $500K.
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Across its 3 locations, Seemingly Overzealous anticipates $1M in revenue. “This opens the door to having us go in a lot of different directions.”
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What’s next: "We've got to scale production," says Garrett. He's looking for a 2,000 to 3,000 square-foot production space as well as locations for shops 4 and 5.
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Programming note: No newsletter again next week! Eating Gleezy hot dogs and watching fireworks with the kids for July 4 🇺🇸
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– Ted
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MONEY POLL
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Would you consider becoming a "boomerang hire" and going back to work for a previous employer?
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Last week’s poll results: Do you track and optimize credit card rewards? (9,701 subscribers)
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