Mr. Findependent 💰

@colindhernandez @jsynergy youtu.be/N5qEv-0fyQ4?si…

I loved this quote in an interview by Trevor Noah with Brad Smith from Microsoft: “Social media has made it so easy to l find people you agree with that I think it makes it a little bit harder to get people comfortable spending time with others they disagree with. And yet, if you can't sit down with people that you disagree about your with, l think fundamentally your world view gets smaller, not larger. You don't build the bridges that are needed to go solve big problems and act with great ambition. So, you know, for all my love of technology, having spent 31 years at Microsoft, I equally feel the limits of it. And it's why l've always been so committed to just getting people to, like, listen to each other and talk with each other. And it's okay that people may say something that's critical of you. Just have a little thick skin.”

Or maybe just build normal housing. "Luxury" housing just displaces existing residents, promotes gentrification, and drives up rent prices. Besides, no one wants to live in a souless apartment with an Erewhon or some shitty high end coffee shop beneath them.

@Sol_invectus @LoTekFinance @WhamBaamX I honestly think the car reacted exceptionally well considering the circumstances 🙌🏽 Brake and turn in the same direction versus head-on Another click bait article published to promote controversy and marketing revenue 😅 Looks like we took the bite too

@LoTekFinance @WhamBaamX How about the fact that it was the truck’s fault. Seems like that’s the most important thing. I mean if a meteor fell out of the sky in your head, would it be like man walks in the meteor?

TESLA CRASHED MINUTES AFTER DELIVERY

@CookResearcher @SteveOnSpeed Yes 🙌🏽

@Mr_Findependent @SteveOnSpeed And after your FRA, all the money you get from other income is yours and you get your full social security.

People say wait until 70 for max Social Security. Wrong. Claim at 62, invest it, and you'll have $220K+ in liquid capital by 70, while the "wait" crowd has collected $0.

@DebbieUSA1 @SteveOnSpeed Yes - As far as I understand, you’re good once you reach your full retirement age of 67 in their case

@Mr_Findependent @SteveOnSpeed I was told there are no penalties once you reach full retirement age? You can work as much as you want and still keep all your SS?

@Mpls_Ghetto_Guy @SteveOnSpeed It’s not all bad - My dad has been retired for 10+ years, but trades covered calls on his portfolio for passive income, while my mom is a badass grandma who crushes her corporate gig, but loves what she does Like me, they work because they want to and not because they have to

@Mr_Findependent @SteveOnSpeed Sad to hear they still had to work at that age.

@ThinkAppraiser It’s no big deal, but I added guac to my @ChipotleTweets when I eclipsed $1M

How are you going to celebrate when you become a millionaire?

Elon Musk avait dit un truc qui m'avait marqué sur l'allocation de ressources. En substance : passé un certain niveau de richesse, l'argent n'est plus de la consommation, c'est de l'allocation de capital. Cette phrase change tout. L'économie, dans le fond, c'est juste un problème d'allocation. Tu as des ressources finies et des usages infinis. Qui décide où va quoi ? Imagine une cour de récré. 100 enfants, des paquets de cartes Pokémon distribués au hasard. Tu laisses faire. Très vite, un ordre émerge. Les bons joueurs accumulent les cartes rares, les collectionneurs trient, les négociateurs trouvent des deals. Personne n'a planifié. Et pourtant chaque carte finit dans les mains de celui qui en tire le plus de valeur. Le système maximise le bonheur total de la cour. C'est ça, la main invisible. Maintenant fais entrer la maîtresse. Elle trouve ça injuste. Léo a 50 cartes, Tom en a 3. Elle confisque, redistribue, impose l'égalité. Trois effets immédiats. Les bons joueurs arrêtent de jouer, à quoi bon. Les mauvais n'ont plus de raison de progresser, ils auront leur part. Les échanges s'effondrent. La cour est égale, et morte. Elle a maximisé l'égalité, elle a détruit le bonheur. Le problème de la maîtresse, c'est qu'elle ne peut pas avoir l'information que la cour avait collectivement. C'est le problème du calcul économique de Mises, formulé en 1920. L'URSS a essayé de le résoudre pendant 70 ans avec le Gosplan. Résultat : pénuries, queues, effondrement. Pas parce que les Soviétiques étaient bêtes, parce que le problème est mathématiquement insoluble en mode centralisé. Quand Musk a 200 milliards, il ne les consomme pas, il les alloue. SpaceX, Starlink, Neuralink, xAI. Chaque dollar est un pari sur le futur. Et lui a un track record. PayPal, Tesla, SpaceX. Il a démontré qu'il sait identifier des problèmes immenses et y allouer des ressources avec un rendement spectaculaire. L'État aussi a un track record. Hôpitaux qui s'effondrent, éducation qui décline, dette qui explose, services publics qui se dégradent malgré des budgets en hausse constante. Le marché identifie les bons allocateurs, la politique identifie les bons communicants. Le profit n'est pas une finalité, c'est un signal. Il dit : tu as alloué des ressources rares vers un usage que les gens valorisent suffisamment pour payer. Plus le profit est gros, plus la création de valeur est grande. Quand Starlink est rentable, ça veut dire que des millions de gens dans des zones rurales ont enfin internet. Quand un ministère est en déficit, ça veut dire qu'il consomme plus qu'il ne produit. L'un crée, l'autre détruit, et on appelle ça redistribution. Dans nos sociétés il y a deux catégories d'acteurs. Les entrepreneurs et les bureaucrates. L'entrepreneur prend un risque personnel pour identifier un problème, mobiliser des ressources, créer une solution. S'il se trompe il perd. S'il a raison, ses clients gagnent, ses employés gagnent, ses fournisseurs gagnent, l'État collecte des impôts. Il est la cellule de base du progrès humain. Le bureaucrate ne prend aucun risque personnel. Son salaire est garanti. Au mieux il maintient une rente existante. Au pire il la détruit par excès de réglementation, mauvaise allocation forcée, incitations perverses qui découragent ceux qui produisent. Mais dans aucun cas il ne crée. Regarde les 50 dernières années. iPhone, internet civil, SpaceX, Tesla, Google, Amazon, Stripe, mRNA, ChatGPT. Toutes des inventions privées, portées par des entrepreneurs, financées par du capital risque. Pas un seul ministère n'a inventé quoi que ce soit qui ait changé ta vie au quotidien. La France est devenue le laboratoire mondial de la dérive bureaucratique. 57% du PIB en dépenses publiques, record absolu. Une administration tentaculaire, une fiscalité qui pénalise la création de richesse. Résultat : décrochage face aux États-Unis, à l'Allemagne, à la Suisse. Fuite des cerveaux. Désindustrialisation. Dette qui explose. Et le pire c'est que la mauvaise allocation s'auto-renforce. Plus l'État prélève, moins les entrepreneurs créent. Moins ils créent, moins il y a de base fiscale. Plus l'État s'endette et taxe. Boucle de rétroaction négative parfaite. La maîtresse pense qu'elle aide, et chaque année la cour produit moins. Dans nos sociétés, ce sont les entrepreneurs, toujours, qui font avancer la civilisation. Les bureaucrates au mieux maintiennent une rente, au pire la détruisent. Aucune société n'a jamais progressé en taxant ses créateurs pour subventionner ses gestionnaires. La question n'est jamais qui a combien. C'est qui alloue le mieux la prochaine unité de ressource pour maximiser le futur de l'humanité. La réponse depuis 200 ans n'a jamais changé. Ce ne sont pas les fonctionnaires.

@RoKhanna All you politicians are morons - Address the rampant waste, fraud, and abuse first and then eliminate key tax avoidance strategies like step-up basis Raising the minimum wage and imposing a wealth tax at the state level is both idiotic and short-sighted: x.com/mr_findependen…

I co-introduced historic legislation to increase the minimum wage to $25. As someone who taught economics at Stanford, here is why it makes sense. The real minimum wage was $14 in 1968. Today it is half, but productivity has increased 2.5x. Instead of extractive capitalism, we need a free enterprise system that pays workers what they are worth.

@FBIDirectorKash @1RentalataTime Can’t believe I agree with you, but calm down because everybody knows he’s full of shit and had nothing to do with this Take a 😮‍💨, a 🥃, and a 🚬

Come again? This FBI and DOJ with our DHS partners drafted and executed every search warrant today. But go ahead and take credit for our work while we smoke out the fraud plaguing Minnesota under your governorship.

@FarmGirlCarrie I guess we are screwed because we spent over $100k 😅 No debt, straight cash, and an event that we and our guests still reminisce about to this day

The statistics show it: Invest in a Marriage not in a wedding. The wedding industry is a $60 billion machine built on convincing you that spending more means loving more. The research says something different. Emory University researchers surveyed over 3,000 couples and found that the more you spend on your wedding the more likely you are to end up divorced. The data is consistent enough that it's hard to ignore. Women who spent over $20,000 on their wedding were 3.5 times more likely to divorce than those who kept the budget between $5,000 and $10,000. Couples who spent less than $1,000 on their wedding had the LOWEST divorce rates of all. Now here's the nuance that matters. The researchers don't believe an expensive wedding causes divorce. They believe the financial behaviors and pressures that lead couples to overspend on a wedding create the conditions for marital strain down the road. Financial stress is consistently the number one cause of divorce. Starting a marriage with $30,000 in wedding debt on a combined $80,000 income is a fundamentally different situation than spending $30,000 when you earn $300,000. There's also a finding in this study that almost never gets mentioned in the viral versions of this stat. Couples with large guest lists but modest budgets had some of the strongest marriages of anyone in the study. The researchers believe community support from friends and family matters far more to a marriage than what you spent on centerpieces. The wedding industry spent decades convincing people that the size of the ring and the budget of the reception are expressions of love. The data disagrees 💍 ♥️ Source: The Argent Group

Elon Musk on Philanthropy: "If you care about the reality of goodness rather than simply the perception of it, it’s extremely difficult to give away money well. I have a large foundation, but I don’t put my name on it. In fact, I’ve said I don’t want my name on anything. The biggest challenge I find with the foundation is trying to give money away in a way that is truly beneficial to people. It’s very easy to give money away in a way that creates the appearance of goodness. It is very difficult, extremely difficult to give money away for the reality of goodness."

@Georgesantos Totally agree, except for the millions of dollars in property taxes because if they sell their properties then the new owner will continue to cover the bill

BAHAHAHAHAHA… the dumbest mayor in America just ran off: -21k high paying jobs. -A $6B development. -Millions of dollars in property taxes. -Millions in income tax. NYC is cooked, this is what socialism does… it runs cities into the ground.

@realEstateTrent Incompetence of real estate agents

What kills more real estate deals than anything else?

@stoolpresidente It’s not going to happen overnight, but the paradigm has definitely shifted - First highly-compensated employees of companies like Citadel start thinking about the alternative, then their companies present options, then they seriously start considering, and eventually decide

I’m not the biggest Ken Griffin fan from the GameStop saga days. But I’d love for him to give Zohran a big fuck you and pull his construction plans and pull the hundreds of millions he pays in taxes and charity. NYC officials are hilarious. All they do is say they hate rich peole and then beg them to stay and pay for all their useless shit. There was zero reason for Zohran to antagonize Griffin except to appease his yellow and purple haired communist base. He could have still initiated the tax without trying to be Mr Cool Guy Communist and rubbing people’s faces in it. Why would any rich person stay there? NYC wanted a communist mayor. They got a communist mayor.

@JasonrShuman The only winners in the @FTX_Official were the attorneys and their exorbitant fees

So you’re telling me SBF did Anthropic, Cursor, Solana and Robinhood? His NAV would’ve been about $52-86B today 9.8-16.2X TVPI 🤯

Ironically, the senior managers I know @AmericanExpress don’t carry the Platinum card themselves - I’ve become frustrated with the gamification of premium cards and this was the push I needed to move forward with canceling Excited to try @usbank and @coinbase for 4% cashback!

@FingersWhiskey @DefiantLs All of my real estate properties across 3-states in the Northeast are serviced privately for waste and recycling

@DefiantLs Garbage removal. You'd either have to burn it(which is fine in small amounts but eventually it will poison your body and the soil), haul it to the dump yourself, or have a country that looks like India.

Go for it

@money_cruncher x.com/mr_findependen…

My coworker has a 1.99% mortgage. That is something you should NEVER pay off early. Inflation is at least 3%/yr. Why would anyone pay that off aggressively? It makes absolutely 0 sense.

@ankurnagpal Yes 🙌🏽 But *2 out of the last 5-years [preceding the sale] Last point about the home office deduction is often overlooked

Weird and important tax things to know about selling your house: - Keep a record of any capital improvements you make to your house. This increases your basis and reduces taxes when you do sell your house - If you make money selling your primary residence, you pay capital gains taxes. If you lose money selling it, you do NOT get a capital loss. - The first $250K / $500K of capital gains on selling your primary residence is tax-free as long as you’ve lived there for at least 2 out of the 5 years - If you’re self-employed and have taken the home office deduction over the last few years, you have to factor that into your basis