ExitedEarly

For my new followers, my name is Rob and here's a bit about me: 🏢Occupation: Former business owner that started and sold 2 companies after 10+ years 📈Investing: DIY investor in stocks and physical real estate; own private equity shares in my 2 companies ☀️Hobbies: Hiking/beautiful parks, EDM music, Netflix documentaries, healthy cooking and self-growth I'm here to expand my network and engage with those that are interested in all things investing, personal finance and entrepreneurship. Follow me if you'd like to hear my experiences from someone that has actually achieved the American dream much earlier in life.

@heydave7 Great post and top of mind for all my parents, including me and my wife. The only two things I can anchor on are 1) we have to be super engaged to help them early and 2) we have to support them with opportunities to dream, be creative and find their strengths early.

In the age of AI, I wonder if the role of parents in their kids’ career choices is changing. Prior to AI, the traditional view of parenting was to help your child graduate high school and go to college (or at least get into a trade). But with AI, things are shifting. AI is taking over various areas of knowledge work, so just getting your kids “educated” doesn’t seem to guarantee a good job long-term. I think it can be helpful to divide jobs into a few categories: 1. Knowledge work: Jobs where your intellect makes you money. 2. Physical labor: Jobs that predominantly require manual work. 3. Capital: Letting your capital make you money, whether via real estate, interest, equities, etc. 4. Capital management: Probably a spinoff of knowledge work, but focused on managing assets. 5. Risk-taking and people management: Are these higher-level skills than intellect? Maybe. But there is definitely a case to be made for entrepreneurship, hustle, and good people-managing skills. As we dive deeper into the AI era, parents need to think deeply about what kind of jobs will be available for their kids as they become adults and how to help them prepare. Is the best approach still just getting your kids into college and letting them figure it out (the typical approach)? Or does the changing world require a changing role for parents—perhaps one that is more proactive and engaging, where the parent and child work together to find the right career path? Also with AI, how many times will it disrupt what we know about careers? Perhaps every 5 to 10 years? One idea is to have parents go all-in with helping their child develop super high creativity, amazing people-management skills, strong hustle, and high entrepreneurial skills. Will that be enough to allow their child's career to be enhanced by AI and not disrupted? Another idea is relying on capital—letting the parents' capital provide income to their children. Typically, this has been largely frowned upon by culture. Wealthy families sometimes use workarounds where their adult children manage the family’s real estate or assets, so there is still some work getting done. Some parents also bring their adult children into their business as partners or apprentices, grooming them to take over one day. There’s also the concept of parents actively working alongside their adult children to help them find jobs or adapt to changing industries. This is interesting. Perhaps the parent’s role simply has a longer horizon now than it did in the past. I'm not sure what the right idea is, but I wonder who else is thinking about this. Who else is writing about it? What are the most innovative and interesting ideas out there regarding all of this?

@realpeteyb123 I'm about to do the same. What county if you don't mind me asking?

I left NYC for Long Island years ago, and avoided paying an extra 3.8% of taxes. Moved to a red county, better schools, non woke and high trust community. Was a pay raise and a life raise. They keep driving people out of NYC and driving the radical lost in. boom & then crash

@davidslifka @AlphaSchoolATX How old were your kids when you enrolled in Alpha? I know they start in Kindergarten and am concerned too early for screens.

So many parents asked me about @AlphaSchoolATX that I wrote up our experience (link below). Five months in, our whole family (kids and parents) would be crushed to go back to regular school. Here's why 🧵

There are many paths to success. He's not wrong - it's just which path helps minimize risk and maximizes time to success. I was fortunate that by working, I also found my future business partners that were older and provided wise perspective that helped me avoid mistakes early on.

"Jeff Bezos tells Gen Z entrepreneurs to gain work experience before launching new companies: ‘I started Amazon when I was 30’," per FORTUNE

@ankurnagpal This is the only place to park money if you are high income and live in NYC for excess cash outside of emergency fund. I’ve been doing this for the last few years

PSA for anyone in a high tax bracket: You can potentially save a lot of money by investing in tax-advantaged money market funds vs a high-yield savings account VYFXX is paying me a tax-equivalent yield of ~5.72% right now, my bank account is at 3.25% Will save me thousands

@lindsaybitcoin 💯 wealthy people figure out how to make more money and then how to optimize taxes to retain it.

I’ve never heard a wealthy person say they don’t want to make more money because then they’d owe more taxes. Never once.

@bubbleboi My wife's family is from Shanghai. It's my understanding that their ownership of their home is really "leasing" it from the government for 75 years?

About 60% of Americans own their home. In the state of California that number is 55% in NYC it’s 33% IN CHINA ITS FUCKING 90% NINETY PERCENT!!! IN ALL OF FUCKING CHINA. SHANGHAI, BEIJING, GUANGZHOU, SHENZEN, CHONQKING, TAIPEI, ITS ALL 90 FUCKING PERCENT !!! We need ghost cities. We need to turn Long Island City into Shibuya, Greenpoint into Dhaka, Staten Island into Singapore. We need cement, dry wall, sewers, I need a hard hat. I’ll build it myself.

@GrindeOptions Yes, for the average investor. Better returns and less hands-on management.

I think owning stocks is so much better than owning real estate investment properties.

@NassauExec Can you also reform our the existing bail laws on Day One? 🙏

If you’re a violent criminal or an illegal gang member, your free ride in New York is over. Kathy Hochul’s sanctuary state ends on Day One.

@mrp_yangz @johnnymaga Not complaining. Something better than nothing.

@EarlyRetiree84 @johnnymaga PR stunt or not, 1penny saved is 1penny earned. It lightened tax payer burden

🚨 HOLY SMOKES. Bristol Myers Squibb just announced at the White House that they’re providing the number one blood thinner, Eliquis, to Medicaid for FREE. Trump just pulled off one of the most impressive feats on prescription drugs we’ve ever seen.

Ridiculous that no iPhone 17s are available in any stores in NYC. What’s causing this lack of inventory?

@JJsFinclub Yes

@EarlyRetiree84 Is that to cut funding

This is the worst news for NYC parents. It’s either now private school or move out of NYC.

Kiyoko has been with Tesla for 12 years. She used her hard-earned Tesla stock – and the tremendous value it’s generated over the years – to purchase a new home for her family. At Tesla, we believe in sharing our success & empowering our people through our employee equity programs. Kiyoko’s journey to homeownership is just one of many examples. To help us continue building value, opportunity & a bright future for all, we are asking shareholders to follow the Board’s recommendations on ALL proposals votetesla.com

Anyone know when Vanguard is going to send us the materials to allow us to vote on the proposals and Elon's proposed compensation package for Tesla? $TSLA I still haven't received it.

@bryan_johnson People only understand "health is wealth" when its too late.

Health is forgotten until it’s the only thing that matters.

@BarbellFi I can’t believe I’m saying this. If it was not for family, I would have moved to FL.

I’m trying to figure out the best place to move to raise a family Here’s the criteria: Safety Schools Weather Hospitals Things to do Cost of living What would be your top pick? 🤔

@FarzadMediaINC @TeslaLarry Just download iCloud and upload to Optimus. No need to buy Apple.

Elon Musk Should Buy Apple (Seriously) with @TeslaLarry 0:00 Elon Musk Should Buy Apple 1:30 The Decline of Apple Post-Steve Jobs 3:29 Elon's Potential to Revitalize Apple 6:13 The Real Value of Apple: Data Privacy 9:07 Financial Feasibility of Elon Buying Apple 12:02 Rebellion Air: Sponsor Message 13:19 Strategic Control of Apple 16:29 Challenges and Opportunities in Manufacturing 18:12 The Future of AI and Apple's Role 21:51 Johnny Ive's Manufacturing Vision 22:08 Apple's Cash Flow Dilemma 24:36 The Potential of AI Integration 26:18 Elon Musk's Ambitious Plans 28:44 The Future of Apple Under Musk 35:32 The Power of Personalized AI 36:08 Google vs. Apple on Privacy 38:43 The Seamless Tesla Experience 39:56 Conclusion and Final Thoughts

@realEstateTrent It’s uncomfortable but you did them a favor. They might not like you for a while but they will hopefully see your wisdom and good intentions down the line.

My wife's cousin and his fiancé visited us earlier today. He's 26, she's 25, and they shared their weddings plans with us. Big guest count, expensive venue. I started to wonder how they can afford it, so I asked what it will cost: $100k. I was shocked. I am not yet sure if