Welcome to Wealthy Enough - my weekly newsletter where I share actionable insights to build your life of Enough.
84% of the S&P500 companies have beaten earnings estimates in Q1 2026 🤯
Profits are at record levels and the stock market is at all-time highs.
S&P500 Record high!
Yet, companies are laying people off. In the past 30 days, 4 major US companies (Coinbase, Snap, Block, and Salesforce) cut thousands of jobs.
And every single one of them blamed AI. I’m saying bye to many of my colleagues 😢
Companies have figured out they can blame AI for cuts they were already going to make anyway. The ironic part is that even Sam Altman (yes, the ChatGPT guy) is calling these companies out.
The term is called "AI washing"
Companies are basically dressing up regular old layoffs as "efficiency innovations."
And remember, these companies aren't struggling… Coinbase, Snap, Block, Salesforce. Every single one beat expectations last quarter.
They're cutting because it allows them to cut costs and Wall Street likes the higher profit margins.
So in these turbulent times, what is it that you can do to cover yourself?
Start documenting your wins, with REAL Numbers
This week, write down 3 impactful things you've done in the last 90 days and make sure it's quantifiable. For example:
Not quantifiable: "I worked on the latest Q2 product launch"
Quantifiable: "I developed the feature for our Q2 product launch that reduced the transaction time by 25% , saving the team ~$150K"
Keep this in a document and start updating it every week or month. Share this with manager in your next 1:1 AND add it to your resume in case things go sideways.
Top off your 6-month emergency fund, and move it somewhere that pays you
In a 'dry' job market, your emergency fund is more important than ever.
The rule of thumb: 3-6 months of essential expenses
If you spend $4,000/month on rent, food, utilities, and other essentials, you need ~$24,000 sitting somewhere safe and accessible.
And don't let it sit at your regular bank earning $1/year because you're LOSING money to inflation.
Move it to ANY High-Yield Savings Account (HYSA) earning ~5% so it actually EARNS you money.
If you kept $24,000 in a HYSA, you'd earn ~$1200/year. Compared this to earning just $1/year at a regular bank.
I use ING as my HYSA here in Australia.
Spend 30 minutes this week actually using an AI tool
At this point, it's unavoidable. The reality is, you either adapt or fall behind. So pick ONE: Claude, ChatGPT, Gemini or Copilot and play around with it this week.
What I was up-to last week?
I attended the Creators Summit here in Melbourne (sponsored by fujifilm). It was an amazing learning experience with few big creators sharing their stories. Here’s a sneak-peak:
At the Creators Summit, Port Melbourne. 9th May 2026
Get a head start on your Personal Finance Journey, watch these 👇
That’s all for this week. I hope you’ve found this helpful and insightful.
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I’ll see you next week 🙂
Saeem Khan
Creator of Wealthy Enough.
Software Engineer, Investor, Content Creator
www.saeemkhan.com
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