Chris Callais

@MiniRetireMatt Crazy thing is DC is about double WA. Government stooges get richer while we get poorer.

There isn't a single US state where the median annual wage hits $100k The top 10 states for median annual wages: WA: $92,612 MA: $90,272 CA: $88,088 NY: $87,568 CT: $80,340 NJ: $78,156 CO: $77,272 MD: $76,492 VA: $75,088 NH: $73,008 Looks like $100,000 is still a flex

@Steezehuman Nah my budget for a car is never gonna go over $50k even with $5m net worth. $5m in the bank is silly.

If you had $5 M in bank right now. Would you spend $250k on a Porsche 911?

@TheStrategicGC @DrewVento Big city also has homeless and drug crises but more amenities and better job options

@TheStrategicGC @DrewVento If PNW is a must have, you either trade big city with HCOL for smaller cities with drug crises, homeless problems and no real jobs besides service sector. MCOL in those areas but still close to nature.

Say you make $250k a year, fully remote, but have to live in the US, what city would you live in?

@TheStrategicGC @DrewVento Alternatively east of the Cascades like Ellensburg, Yakima, or Spokane offer MCOL with decent access to outdoor rec but further from coast.

@mtsumilkman @bigcontentguy @DrewVento Would be amazing if it actually looked like that

@bigcontentguy @DrewVento Murfreesboro Tennessee

@b_co_co At that time nobody knew those would be big one day though

The vibe of a place where people used to buy stocks: Apple $AAPL for $0.35 Microsoft $MSFT for $0.28 Coca-Cola $KO for $2.55 Intel $INTC for $0.40 No AI bubble. No tweets from Mr. President. No fear around Fed meetings. No Strait of Hormuz in the news.

@GuyTalksFinance Imagine in 2014 you’re thinking “these stocks are overpriced”

“I’m waiting for a market crash before I start buying stocks” Meanwhile the stock market keeps crashing up.

@dupuis_den30908 @modernselfgth @jeremyct Just the principal…taxes and insurance still there and that’s a third of most mortgages.

@modernselfgth @jeremyct Who are you Bernie Madoff? All these posts fail to understand the fact they can now invest 100% of those ‘missing’ payments

just heard one of the wildest callers on the dave ramsey show. married couple under 30 making $140k paid off a ~$430k home. they started 5 years ago… meaning they had a sub 3% rate and rushed to pay it off anyway. dave loved it and said young people should follow this. yeah… not exactly the same situation lol

@jeremyct Would have made a lot more investing that money

@robsmithonline Or buy your ribeye at Costco and grill it yourself for around $30-40 each. Better result and the ratchets aren’t coming around.

Since GHETTO HOODRATS are EVERYWHERE now, you need to pay MORE to escape! That $69 steak is $99 at places THEY don’t go. That cruise line is at least 30% more expensive so THEY cannot afford it. This is the “RATCHET TAX” you have to pay to AVOID hoodrats!

@robsmithonline Or you can live somewhere that is 90-95% white and not worry about it.

@greyishpilgrim @brian_armstrong Same salary, 10x more work

@brian_armstrong 15+ reports and be an individual contributor. This couldn’t possibly end poorly.

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

@GuyTalksFinance @JohnCarneyRE Time is the only resource with universal scarcity

@JohnCarneyRE Saying goes for real estate and stocks. Holding long term always wins

People holding cash have no idea what to do right now. They all thought the market would crash and they would get an amazing buying opportunity. Instead the S&P500 is up +30% over the last year and they missed a buying opportunity. If this keeps up they will be forced to start FOMO buying soon

@GuyTalksFinance Similar dip in spring 2025 due to the tariffs. The bears have been head-faked twice in 2 years now.

@BoomerDivvies That’s not the route we are likely to go, though I qualify for Canadian citizenship via a 4th great grandmother…we’ll probably do one of the BYUs. Tuition is fairly reasonable.

@BoomerDivvies If you have Canadian ancestry, getting citizenship via C-3 is pretty easy. At that point you/your kids can attend university there cheaply.

Not everyone can pay for their kid’s college, that’s obvious. But the ones who can and choose not to, while pretending it’s moral high ground, are lying to themselves. Paying for your children’s university education is a parental responsibility.

@james_xond Pre-9/11 vs post-9/11

Can anyone pinpoint the exact moment when everything in society started getting noticeably worse?

@Physocles @TrpstrLeonOG Exactly. Nominal return vs real return.

@ChrisCallais1 @TrpstrLeonOG AND That $60k will only be worth the equivalent of $6300 in 50 years. All those years of work at $160k/yr to get the equivalent of about $500/mo.

The maximum annual Social Security payroll tax contribution is currently $10,453.20. If you paid that full amount every year from age 18 until retirement, your maximum Social Security benefit would be about $4,873 per month. By contrast, if you had invested that same amount annually in a low-cost S&P 500 index fund instead, you could expect roughly $32,583 per month in retirement income. Social Security is a scam.

@WallStreetApes File a complaint with the consumer bureau that you bought a printer with no indication on the box that you’d need to subscribe to a printing service.

American bought a brand new printer. She bought the ink for the printer, she bought the paper for the printer, now she’s at home and is ready to print She can’t print “They remotely shut off my printer until I paid $7.50 cents to print in my own home, to print on my printer, that I own in my home” This is the new $7.50 subscription plan by HP Printers Here’s how the plans work HP’s Instant Ink and newer All-in Plan programs are subscription services options: - You pay a monthly fee based on pages printed (not ink used). - Plans start low, from $1.79–$7.99 per month for 10–100 pages - $7–$8 per month plans are for around 100 pages If your payment fails. HP will remotely shutoff your printer