Time to Go

Go to your happy place

@LonestarMoney I had a friend who did exactly this over and over. Either doing HELOC or refinance. Then he died young and his wife, close 75 years old, is stuck still paying on a big mortgage she cannot pay off in her lifetime from a single ss check and small pension. Grim.

🚨 One of the worst financial ideas I’ve heard this year.🚨 A coworker told me he’s considering taking out a HELOC to: • Pay off credit card debt • Buy a new car Think about what’s happening here: He’s taking debt that can’t take his house… …and replacing it with debt that can. He’s using home equity to buy an asset that loses value every day. And if the spending habits don’t change? The credit card balances come right back. Now he has: ✅ A HELOC ✅ Credit card debt ✅ A car payment Your home equity is a wealth-building tool, not an emergency credit card. Am I missing something, or is this a terrible idea?

@JamesHu27192912 The testing lab where I get blood drawn has a touch screen check in. Anytime some old soul comes in not knowing how to use it, 3 people stand up to help them with it, but some older folks just blow through the queue, walk right up to the window, talk to a person. No one complains

I can associate with this

@ThinkAppraiser Ask Claude: claude.ai/share/fa0bdef4…

I took my car to the mechanic cause it’s making a loud clunking noise when I do a right turn or a left turn The mechanic drove around the block, put it up on the lift and inspected the whole entire thing and said nope, everything looks great. That’s like going to the doctor saying my knee hurts and the doctor says no it doesn’t Now what do I do?

@ListerLawrence Happened once on my electric assist bike which is built like a tank. It had 2 bars and then zero. It scarred me for life because without the electric assist that bike is really only good for downhill and flat. We are anything but flat on this island.

I’m not an EV hater, but the problem with EV’s that no one talks about is: When the range gets to 0 in an EV the car just stops. In some cases they can’t even be pushed… When the range gets to 0 in a Petrol or Diesel car, you have a built in grace period of 30-40 miles that isn’t shown on the car’s trip computer. Thus range anxiety doesn’t exist in an ICE vehicle. Why don’t EV’s do that?

@ThrillaRilla369 Organ Recital

I'm launching a website called OlderFans where I post today's injury and the wildly normal thing that caused it

@TheSalonDon Probably be able to make the exact same post when he is 45-50. This has been my experience with parents who are enabling their adult children.

My 28 year old brother with a college degree refuses to move out of my mom’s basement or get a job My mom won’t pressure him to get a job And he won’t listen to me What do you do?

@jbulltard1 All stocks eventually go to zero, some just faster than others. If it gets cheap enough it could be acquired by someone looking to sell it for parts.

I bet this guy tells himself dr burry owns it too

@PhysInHistory If ever there was a time for Richard Feynman it is now

If you could bring back one scientist from the past, who would it be? ✍️

I wonder if any medieval peasants stayed awake at night replaying awkward conversations Just lying there in the dark thinking, “I was weird at the well”

@jimiuorio Multiplying capital is always better for society on the whole then simply transferring money from one person to another.

The vilification of billionaires is because they are realtime proof that capital in the hands of the builders and creators is way better for a society than moronic socialism…

@Eldskald06 @Selene_Mariposa I had fabulous food traveling in Eastern Europe. Bigger isn't always better.

@grace_za @Selene_Mariposa TBF, I love the tours of the Russian markets, especially the hypermarkets, that several Youtubers do.

The World Cup has turned America into a discovery channel for the rest of the world. And they are not handling it well. In the best possible way. Here is what they are discovering: Free public restrooms. Europeans pay every time. Free water at every restaurant. Just appears. Free refills. Coffee. Sodas. Iced tea. Unlimited. Free chips and salsa before you even order. Free warm bread with dinner. Ice in drinks like civilized people. Air conditioning everywhere. Not a moral debate. A fact. Parking lots attached to the actual place you are going. Drive throughs where the food comes to the car while you sit in it. Ranch dressing by the gallon. Tex-Mex that cannot be explained only experienced. Dental care that actually works. Buccee’s. There are no words for Buccee’s. Then they found the grocery stores. Five of them within one mile. Each one the size of an aircraft hangar. Burgers. Steaks. Brisket. Ribs. Pulled pork. Lamb. Veal. Every cut of every animal ever domesticated by human civilization available in one refrigerated aisle at ten in the morning on a Tuesday. The Germans stood in the meat section for forty five minutes. In silence. Processing. They finally understand why we do not have trains. We have roads wide enough for the cars we actually drive. Parking lots the size of small European countries. Airports in every city worth visiting. Why would we need trains. The Germans are taking ranch home by the bottle. The Dutch found queso and briefly lost the ability to speak. The Japanese are photographing HEB like it is the Louvre. The Czechs are weeping in West, Texas. Welcome to America. Everything is free, enormous, air conditioned, comes with chips, and has five grocery stores within a mile that will sell you any cut of any animal you have ever imagined. Write that down. 🦋

@SteveOnSpeed Usury is payday loans and 29.9% credit card rates.

It’s tough to make the argument that student loans are usury when they voluntarily signed on the dotted line.

@BednarikMatt Totally off grid here in USVI. My biggest concern would be all my friends parked in my yard trying to siphon WiFi.

If the grid went down for 2 weeks, could you survive? No electric, no gas, no water. Could you feed your family? I feel like the answer for most Americans is no.

@jimiuorio Tried doing and removing all three. Carb restriction works best simply because it makes it pretty damned difficult to eat highly processed foods. Highly processed foods are the thing killing Americans and now around the world.

3 years ago I made 3 health changes, carb restriction, intermittent fasting, cold exposure. The results were quick and astounding. Now, I’m not sure which of the 3 are the primary drivers and which are secondary…I know a lot of you have tried these things…what are rankings?

@BoringBiz_ Yeah, everyone is better off with the high paying job until they turn 55, the company gets bought out or merged with an entity finding you a nice big line item to remove. Being the boss or owner is the best way through that age barrier.

Lot of people won’t like hearing this but most reliable path to millionaire still remains working a high paying job and saving more than you spend Entrepreneurship sounds cool, until you realize that outcomes are all over the place. In contrast, most people in finance or tech who have been in it for 7 to 10 years are all there, assuming they were reasonably smart with their money

@njshoreinvest Having a good-sized taxable account or a ROTH allows you to manage your tax liability in retirement.

I'm 34 years old with a net worth of over $4M. A little over $3M is invested in the market. Of that $3M, approx $1.7M is socked away for when I'm 59 years old, aka retirement age. I'm pretty much done contributing to my retirement accounts at this point because I'll be financially independent no matter what. The other $1.3M will help me retire early and that's what I'll withdraw from when the time comes. Since we value freedom and flexibility the most, our contributions will go towards our taxable brokerage. Financial independence is so close I can taste it.

@robbwolf 85F and sunny is the weather report 90% of the time here in St. Croix. Given shade and a slight breeze, it is quite wonderful.

This is such absolute bollocks. It’s a modestly warm day, it is not “severe weather.”

@sysadafterdark Japan would just put koi in there.

This might be a stupid question, but why don’t they just install a pump house and filter and chlorinate the water at the reflecting pool? Static water is always going to be dirty. I’m sure the cost/upkeep would be outrageous, but hey it’s a national monument.

@pietergaricano This reminds me of stories about the old USSR setting commodities prices by checking the WSJ.

To reduce European dependence on American technology firms, the European Parliament has replaced Google with a French search engine, Qwant. Qwant generates its search results by querying the Microsoft Bing API.

@GadSaad To those thinking US doesn't have an exit tax on unrealized cap gains, it does, but only if you give up your citizenship so you don't have to file a US return in perpetuity.

I decide to leave Quebec/Canada because: 1) the taxation system is astounding, rendering it nearly impossible to accumulate enough money to truly retire 2) the government's open immigration policies have made it unsafe for my family to remain here (due to the exponential increase in Jew-hatred). Today I found out that I shall have to pay a departure tax for exercising my right to leave, and the money that will be taken from me (because the obscene amount of taxes that I've already paid in full is not enough) will be given to new incoming immigrants who hate Jews. My taxes funded my forced exit and will fund the harassment of any remaining Jews in Canada. It would take me 10+ more years of work to save the amount that is likely to be taken via the departure tax. Is this moral? Ethical? Just? In any case, off to bed. Tomorrow is a new day.