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By Ted Williams |
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Hello Thursday. I got absolutely destroyed on golf Twitter (457K views) defending our glorious city against these attacks from golf podcasters 😆
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"The people of Charlotte should just apologize in general… It's a bunch of mid-level junior bankers."
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"I've never had a good meal in Charlotte. I don't think there's a good non-chain restaurant."
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"What's the culture of Charlotte? NASCAR? It's a diet Atlanta."
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“Quail Hollow is like a Kardashian. It’s very modern, beautiful and well-kept, but it lacks a soul or character.”
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I tried to find these podcasters in the PGA Championship media tent, but they were too scared to face a 40-year-old blogger like myself! Anyways.
💼 Hot Job: Financial Planning & Analysis Lead at Training The Street ($120K – $150K). Backed by private equity firm Falfurrias Capital Partners. New CEO is Red Ventures alum Kenny Thompson.
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💰 Number: $150. Room fee for Leluia Hall's 10-person basement wine room. Now available. $1,200 food and beverage minimum, which you'll easily hit.
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👩 Shout-out: Rachelle Wates and Hayden Shoffner, founders of Byrdie Golf Social Wear, for making golf stylish. There are 7.9M female golfers, a 41% increase from 5 years ago.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
5,883 |
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Nasdaq |
19,092 |
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GOLF GUIDE
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Wicked Weed Pernicious IPA tallboys cost $18.50 at Quail Hollow
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13th hole Tito’s tent, where drunk golf fans will hang
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200,000 golf spectators will put on their best Peter Millar and stylish sundresses to attend this week’s PGA Championship Quail Hollow.
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Where to watch: Here are my favorite vantage points, other than the swanky Green Mile Club (still waiting for an invite).
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Elijah Craig Speakeasy tent near the 7th green. Elevated views of the risk/reward reachable par 5. Extra credit for branding a public tent as a speakeasy. 😆
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Hill on the 14th hole, a drivable par 4. No crowds. Chill vibes. Shaded in the morning and afternoon. You can also see hole 17 across the pond.
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All you can eat: Don’t forget, your ticket includes unlimited breakfast biscuits, donuts, burgers, hot dogs, chips, and oatmeal cream pies along with soda, water, and gatorade.
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I recommend the sausage, egg, and cheese biscuit and butcher's-grind cheeseburger. Nothing special, but solid.
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Total of 5 concession stands sprinkled across Quail Hollow.
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Beer pricing: Get the corporate card ready, it's a pricey day to get hammered!
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Parents: Kids 15 and under are free! Max 2 juniors per 1 adult. Very cool.
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PRESENTED BY RADIAL TOWNHOMES
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Oakhurst luxury townhomes debut with 2 bedroom units asking $2,300 for rent
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58 luxury townhomes for rent in Oakhurst
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Prices are up. Rates are high. Not everyone’s buying a home right now.
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More Charlotteans are choosing high-end rentals that feel like a home, without the mortgage.
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Young families and professionals are rethinking the usual tradeoff: metro, shoebox apartments or a mortgage in the suburbs.
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New: Radial Luxury Townhomes offer spacious two- and three-bedroom homes with smart features, garages, and private balconies.
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LEADERSHIP
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Girl Tribe’s vulnerable "we're struggling" Instagram post goes viral with 217,000 views
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Girl Tribe Co. post on Instagram
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Girl Tribe founders took to Instagram yesterday morning to tell their 297K followers that they’re struggling.
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What's happening: Customer acquisition costs have soared 100% YoY, which turns their business model upside down.
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“Our wholesale business is rocking and rolling,” Sarah told me. “But the way we have structured this model is that we need e-commerce to carry us.”
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Their South End brick and mortar store is roughly breakeven.
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Bootstrapped: Carrie and Sarah started the business with just a $200 initial investment in 2014. "We have learned every single lesson the hard way on money and leadership."
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Vulnerability: “This is the most vulnerable I’ve ever been… more vulnerable than childbirth,” Sarah shared on Instagram Live to hundreds of followers.
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Reaction: Within 10 hours, the Instagram post generated 217,000 views, 9,010 likes, and 867 comments from supportive customers. Go shop Girl Tribe.
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MONEY TALKS
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33 year old tech consultant making $250K uses boglehead investing strategy
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Crunkleton, this tech guy’s favorite spot
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Money Talks is a weekly series showcasing how real people in Charlotte approach money. Participate.
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Living situation: “We own. We were fortunate to get locked into an ARM (adjustable rate mortgage) at around 4% — but we're feeling that balloon payment coming.”
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Budgeting: "Once a month we go to a coffee shop and review our cash flow. We got into a really tight spot with cash right after our daughter was born."
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Retirement: “I'm obsessed with the idea of an early retirement. I'm a bit of a workaholic, so it surprises people. I hate the idea that I HAVE to work living out someone else's dream.”
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Financial freedom target: “$5M. Which I know is a ridiculous sum of money, but I like the idea that I could take a 4% draw of that annually and have it perpetuate forever.”
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Full story: Goals and exact boglehead investment strategy of 33 year old with $800K net worth
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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High-end public golf course named Downbonnie plans to open new 18-hole course in Charlotte. From the team behind Broomsedge.
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Coley Home hosting sample sale at their new showroom near Noble Smoke on Friday morning from 9am to noon. Discounts up to 75%.
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Striking 1960s Cashiers mountain home designed by modernist architect Jim Fox asks $6.6M. Soaring wood-paneled ceilings.
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High-margin athleisure brand for sale asking $275K. They're doing $340K in revenue with $65K in cash flow. 80% of sales from Shopify.
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The Charlotte Checkers play the Hershey Bears in the division finals at 7pm on Friday and Saturday. Tickets start at $29. Playoff hockey!
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HOUSEKEEPING
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Local couples invests $3,000 in board game, debut tournament this weekend
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Squabble Squares, a fast-paced, tile-based game
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After years of testing, Ben Moomaw and Heather Bard will debut their board game named Squabble Squares this weekend at Resident Culture.
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At their 1pm launch party, they’re hosting a 64-person Squabble Squares tournament.
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100 limited-edition games will be available for purchase at $40.
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“After several years of hard work and testing, we believe there is a missing spot in the market for this game."
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Happy Thursday! I’m heading to Quail on Friday (say hello if you see me 👋) and then coaching my U10 boys soccer squad in a season ending weekend tournament at Freedom Park.
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– Ted
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MONEY POLL
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Where would you rather vacation in North Carolina?
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Last week’s poll results: Do you think owning a Charlotte rental property is a good investment? (8,998 subscribers)
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