Sanc

@stelzner_n1150 @NipseyHoussle Nah. Area specific. And net worth specific.

Those housing numbers are brutal. Buying a house right now is certifiably insane.

@The_Money_Buddy What’s his net worth?

A guy I know is 41. He has: • $300k in his 401k • $0 in savings • Lives paycheck to paycheck Most of his money goes to a big house and car. Looks rich. Feels broke. What would you tell him?

@indexnforgetit @ThinkAppraiser 🎯

@ThinkAppraiser $70m of debt if you have $150m in assets isn't a problem $70m in debt if you have $20,000 of assets is a problem

Just talked to a friend yesterday and he mentioned that he’s in about $70 million worth of debt The most debt I’ve ever been in my entire life, including everything is about $3 million How much real estate debt are you in? Would you be comfortable $70 million in debt?

@ThinkAppraiser What’s the other side of it? How much total value? Then I can provide a proper answer.

@Budgetdog_ For an experienced investor using it (dual purposed) as an investment, it is

A personal home is NOT an investment

@indexnforgetit @NotA_Bull Sign of the times I guess

@NotA_Bull Holy hell I hope people don't listen to this terrible advice Buying a house in my 20s propelled me ahead of 90% of my peers

Buying a house in your 20s is a liability, not an investment. Argue against me.

@VladTheInflator Because we have a lot of money, $2000/mo is nothing

Why the fuck would I buy a house? An exact place I live in just sold for $550,000 with a $400 HOA fee. That's a $4,500/mo mortgage payment I pay a little over $2,000/mo in rent I add that $2,500 disparity to what invest into the market per month.

@charliebilello 😯

Gas prices in the US have moved up to $3.84/gallon, their highest level since September 2023. The 31% spike over the last month ($2.92/gallon to $3.84/gallon) is the biggest we've seen in the past 30 years.

I appreciate this. Both sides have good ideas. Both sides can help us progress. We are Americans. We need to treat each other with respect, listen to one another, and work together toward goal. Forget the BS. If things make sense (like voter ID) and our country overwhelmingly want it, let’s do it. Think about how powerful we would be if we could all (90%+) get on the same page.

83% of Americans agree on voter ID. 71% of Democrats agree on voter ID. Keep it basic: PHOTO ID to vote. Stop turning this into a Christmas list and attacking vote-by-mail. If GOP wants real reform over a show vote––put out a clean, standalone bill and I’m AYE.

@MbarkCherguia Do people find this enjoyable?

Describe this in three words or less 👇

@MyTeslaMoonship Same

I understand why the phrase "money can't buy you happiness" exists and its purpose. I agree overall. But this little treasure we acquired with money makes me pretty dang happy and can used to boost my mood when I am not. 🥰

@HawkEmDownChris Derek Jeter

Age yourself by naming an MLB shortstop you grew up watching. I’ll start: Derek Jeter.

@optionscjp As long as you don’t eat all of that meat in one sitting, 💯

Rate my dinner

@realstockfox Which one do you want to do?

I am 24 with almost $100,000 invested I'm deciding between: A) Continuing to rent my apartment and invest B) Save for a down payment on a duplex and house hack What would you do?

@Deviled_meggs_ Be both

Be the person with $100k in the bank and a $5k car. Not $5k in the bank and a $100k car.

@Lifeinvestmoney I thought you were supposed to times the market value by 3 for equity

If I own a house worth $400k and only owe $100k on it? Of course I'm counting that $600k toward my net worth

@rohindhar Wow!!!

Went for $2 MM over asking price and broke the neighborhood record by a million bucks So that’s the situation in San Francisco

@elonmusk That’s really a shame. Can we get away from this?

True

@skumWgmi Hope they have good equity in their house

A friend from college reached out Recently lost his job as a manager at Meta Made $280k & can't land a new job His mortgage is over $6,500/mo Said he runs out of money in 3 months Has Wife and two little kids depending on him He's ussualy cocky but this time he sounded scared You never think it'll happen to you 😔

@The_Money_Buddy If she/he likes to travel, and it is a detox or stimulant to propel or maximize efficiency, absolutely

A friend of mine takes a $600 trip every month. That’s $7,200 a year. If that $600/month was invested at 8% for 30 years? $894,000. Almost a million dollars in travel. Worth it?