BMT

@the_bestkeeper @Schoolboy_Hew @MeetMeNSpace @jimmysoldout Readers digest definition of experience: The ability to realize you fucked up the same way again....

@BadMarketTiming @Schoolboy_Hew @MeetMeNSpace @jimmysoldout All we can do is the best we can do and make the best decisions we can. I’m trying, I’ll fail again as well but a wise man once said as long as you’ve learned from your mistakes it’s never time wasted.

no shade but why would i literally ever buy a home… you still have to pay a mortgage monthly that would be the same cost as just paying rent atp. and at least with renting, the expenses for anything that goes wrong falls into the landlord instead of on you

@the_bestkeeper @Schoolboy_Hew @MeetMeNSpace @jimmysoldout I'm not trying to discount your experience, but making the right decision is, and always has been hard.

@BadMarketTiming @Schoolboy_Hew @MeetMeNSpace @jimmysoldout To be fair, lesson learned. Learning from the mistakes at hand right. Bc as men most the time we have to fail to succeed and I’m no exception. It’ll get better. All good man. Going to make better ones moving forward but fuck it’s hard in today’s world. That’s my point.

@b_co_co I very specifically quantified that statement by saying "new".

@BadMarketTiming Cars are always a drag on capital, but sometimes they’re necessary. So the lower the loan, the better - or pay cash for a reasonably priced car.

Your income should decide your car: $60K (≈ $250–400/mo max payment) • Honda Civic • Mazda 3 $70K (≈ $290–465/mo max payment) • Honda Accord • Hyundai Tucson $80K (≈ $330–535/mo max payment) • Honda CR-V • Nissan Rogue $90K (≈ $375–600/mo max payment) • Tesla Model 3 • Ford Explorer $100K (≈ $415–665/mo max payment) • Tesla Model Y • Jeep Grand Cherokee $120K (≈ $500–800/mo max payment) • BMW X3 • Audi Q5 $150K (≈ $625–1000/mo max payment) • Ford F-150 • BMW 5 Series Remember the 20/3/8 rule: • 20% down • 3–4 year loan max • Total car costs ≤ 8% of gross monthly income

@the_bestkeeper @Schoolboy_Hew @MeetMeNSpace @jimmysoldout Sorry, didn't see the New Orleans reference. Regardless, make financial decisions with your brain not your heart.

@BadMarketTiming @Schoolboy_Hew @MeetMeNSpace @jimmysoldout Louisiana bro bro. I assumed when I said LA you understood that bc I mentioned New Orleans earlier. But yeah Cali is fuuuuucked. That’s a whole different ball game over there

Sometimes you shouldn't live were you think you want to be. Life is not always about making the decisions you feel you want to, but the ones that make sense. CA has been run into the ground, it will fail. Move someplace more affordable save money and reinvest in CA in 20 years..

@Schoolboy_Hew @BadMarketTiming @MeetMeNSpace @jimmysoldout The states trying too man. Fucking trying too. But it’s LA…insurance on my grandmothers home went up almost 6k I think 2 years ago.. I’d have to ask. Genuinely down here it does and has gone up just that much. You call around it goes from a 6k increase to 4800… still a lot.

@MetamateDaz Roommates.

Just saw a full time job in my area that pays $48,000 the average rent in my area is $2,200. How are people affording to live rn?

@the_bestkeeper @MeetMeNSpace @Schoolboy_Hew @jimmysoldout Making money expensive drives prices down. This is not a mystery. It is what Volcker did in the 80's and nobody has the balls to do now. They just keep kicking the can down the road.

@BadMarketTiming @MeetMeNSpace @Schoolboy_Hew @jimmysoldout Above me my guy. I don’t know a way to fix this fucking economy but the war and surging prices for EVERYTHING isn’t helping. And doesn’t seem like the dollar stretches like it used too. Idk how making 16% rates helps anyone buy a home. Seems it forces everyone out..

@the_bestkeeper @MeetMeNSpace @Schoolboy_Hew @jimmysoldout That is what needs to happen to correct prices. What mechanism do you think corrects the overall economy?

@BadMarketTiming @MeetMeNSpace @Schoolboy_Hew @jimmysoldout Yes sure back when they were 16% yet one income in the household could STILL buy said house but let’s compare those rates to today’s when today’s money is worth so much less. Like it’s completely fucked what it takes to own a home in today’s world.

@the_bestkeeper @MeetMeNSpace @Schoolboy_Hew @jimmysoldout In the larger scheme of things interest rates are not high. Compared to the last twenty or so years... Yes. But those rates were heavily manipulated and the lowest in recorded history.

@MeetMeNSpace @Schoolboy_Hew @jimmysoldout So almost NOONE does fixed because of said reason especially in today’s world with it being high right now, and I don’t see it falling anytime soon.

@jimmysoldout No appreciation? Rent generally only gets more expensive...

@OrevaZSN Because every wealth tax ultimately ends up taxing everyone. The Federal Income tax was sold as a tax on the top 1%...

@TradersParadise 5% in a day!!!!!

This is my year everyone. Matt Kohrs told me to buy 5 years ago. Never gave up. Diamond hands!!

@HamptonAc_ Those haircuts must be amazing!

My boy just bagged a corporate job and called me hyped. "Ac, I'm set for life" $140K/year. Benefits. 401k match. Corner office. I congratulated him but I had to show him the math. $140K salary = $8,750/month after tax $2,800 rent $650 car payment (Audi A4) $280 insurance $180 gas $1,200 DoorDash $400 eating out $200 gym $120 subscriptions $1,500 bottle service $900 barber (2x a week) $500 going out $200 random expenses He's left with $820. Daycare? $2,000/month. Now he's -$1,180 every month. $140K/year is survival, bro. how about you setup a store

@0xleegenz Roommates would help that.....

$4,000 a month job after taxes $2,000 rent $600 food $300 utilities $300 random stuff $500 health $300 left over This is not bad budgeting, it's reality

@najam_ali Because the small toll will come with small caveats and then.alowly become a big toll with big caveats.

I am genuinely struggling to understand this logic. If the rest of the world is willing to pay a small toll to Iran to keep oil flowing and stabilise markets, then why does the U.S. feel the need to block all shipping, especially when it is not dependent on that oil?

@iamJMinx Unless your intention is to become an influencer, why would anyone know how well you are actually doing?

Always remember this… everybody’s rooting for you until you start winning bigger than them. Family gets weird. Friends get quiet. Mentors get territorial. Traders get shady. Strangers get loud. They wanted you to do good. They just never wanted you to do better.

@TradersParadise Love that Toki Suntori..... Tastes akin to kerosene but for some reason it's good...

Finally starting to finish up our kitchen got a new bar cart

@skumWgmi Making sure you are not a burden to others late in life is important to responsible people.

My boomer uncle has $430,000 in his 401k. Won't turn the heat above 67. Still clips coupons. Hasn't bought new shoes in four years. Saving it. For what, I asked once. He thought about it for a long time. "I don't know," he said. "Emergencies."

@HeroicLife @FinancialPhys @MorePerfectUS Not that I disagree with the thesis, but livestock prices are currently driven by diminished herd sizes. Producers were forced to kill herds prematurely during COVID. It will take decades to resolve itself.

@MorePerfectUS thinks they're making an argument for raising the minimum wage. They're actually making the strongest possible argument against fiat currency. The ground beef didn't get expensive -- the dollar got cheap. In 1971, five silver quarters bought a pound of ground beef. Those same quarters are worth about $25 in melt value today. The beef didn't change. The money did. Raising the minimum wage to chase a currency your government is actively debasing is like running on a treadmill and wondering why the scenery never changes.

Americans need to earn about $8500 per week full time minimum wage to have the same spending power as a car wash kid in 1971 earning $64 a week This happens when your govt destroys a currency