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@Runnnedover

Katılım Ağustos 2022
34 Takip Edilen25 Takipçiler
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@vrexec I do enjoy your message and your posts are definitely thought provoking. With that being said, I think you’re oversimplifying how difficult it is for 95% of people to pull off the ideal work/ life/ earnings balance you believe is the key to happiness.
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VEO
VEO@vrexec·
Some folks have a hard time picking up nuance, but the central theme of my writing/ethos is that you don’t need to pursue mega millions to live the life you want to have. For example, common thing you hear in FIRE and similar discourse is the desire to get to $5mil liquidity so you can live passively on ~$200k/year (which would exceed/grow with inflation if in dividends) assuming 4% return/withdrawal. “Only then” you can really start living… say goodbye to the grind… putter around all day, read books, go swimming, hang with family, go on long trips, etc. But this idea is stuck in the binary... …that you either have to work full time to earn something like $200K OR you have to absolutely grind to make even more than this so that you can stack “enough” to some day NOT have to work at all yet still earn $200K... again the number can be anything. But this logic signals a lack of creativity or confidence.. or both. There’s a middle path where you can MODULATE or FRACTIONALIZE your productivity or deliverables to still produce that $200K.. in other words.. work far fewer hours with the same output. Figuring out how to do that… in my view… is just as rewarding but with far less risk than nuking your 20s 30s and 40s working an intense full-time job or trying to figure how to build a better mousetrap. And then, unironically, in your puttering around and reading books and living your life while still in the healthy prime of your life… you just might come up with that great business idea… or… your modular deliverable business BECOMES the business you always dreamed of building so you can someday live the day to day life you want… but you’re actually already there. Funny how that works.
Boring_Business@BoringBiz_

The FIRE (financial independence retire early) movement has done an immense amount of harm to society This is coming from someone who used to be a believer in FIRE, but I have realized just how much of a fallacy it is, as I have grown older Taking a bunch of high potential income earners and convincing them that their life goal should be to pursue a net worth that allows them to check out of society is immensely damaging to the social fabric Many of these people sit on the upper echelon of office jobs, have built great businesses, or are at the top of their field in their career field They should be inspired to continue doing what they are best at, and ultimately, mentor and give back to the next generation who want to pursue those same goals Instead, many of these FIRE folks become wandering retirees with a meaningless life who are trying to grasp on to money as their north star It is a false sense of security and accomplishment. Becoming wealthy should never be a goal in the first place. It should have always been to pursue something that adds meaning to your own life and to society It is a completely fallacy to believe that retiring will be your source of happiness. More often than not, it has the complete opposite effect

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@opinioncasino Try to find some old pics if you want some cringe content
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Kyle Mitchell
Kyle Mitchell@opinioncasino·
These real estate guys on Twitter are worse than Teachers Unions. They can’t admit they did anything wrong. They use government subsidies (low rates) to leverage massive GP fees. Then when the government handouts end they act like they did nothing wrong when they had no idea how to properly manage risk. Don’t trust any of these clowns. None of them have been through a credit bear cycle. All amateur investors.
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Kyle Mitchell
Kyle Mitchell@opinioncasino·
Meet Brent “The Eater” Franklin. He’s a fat pig. He is the founder and CEO of Rise Petroleum. He takes investor capital and loses it all. I believe he’s running a Ponzi scheme. I’ve talked to multiple disgruntled investors in his fund and they have lost their money. His financials are funky. I’ve seen most of them. He gets investor capital and immediately pays off disgruntled investors and then moves to personal bank accounts. He’s a dry hole king. The Eater loves to buy the worst assets, to keep capital costs low, and then takes (eats) the rest of the capital. He was friends with Josh Cohen. The CEO of $AZRH. Josh Cohen is seen in the third photo, second from left. I did the primary research on Cohen and sent evidence of fraud to multiple regulators. He recently got arrested and is waiting trial for fraud and organized crime. Brent has tried to send me John Doe cease and desists. I’m listed in a few of his lawsuits. But I won’t stop until regulators do something. He’s hurt a lot of people. Regulators need to step their game up and get moving. Before this guy hurts more people. He’s nasty.
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Send it@Runnnedover·
@jasonc_nc You muting it doesn’t do anything to change the fact this person is merely calling out the fact that a lot of people got hosed.
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Jason,@jasonc_nc·
Well that didn’t take long
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Kyle Mitchell
Kyle Mitchell@opinioncasino·
When Moses, blocked me by the way, comes to your defense, the hate is justified. Moses is the kind of guy to buy 3-caps, talk about holding long term because how the fuck you sell a 3-cap for a 2-cap and then shut off all distributions to LPs besides a few bucks per quarter (insult btw). Dude is straight up out of his league here.
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@opinioncasino Will never forget how he was during Covid, insufferable. Shaming people , total tool
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Kyle Mitchell
Kyle Mitchell@opinioncasino·
Guys name is Moses and now everyone is underwater? My God. Has anyone ever made one single dime as a REAL ESTATE TWITTER LP in the history of real estate or twitter? But for real? What was the strategy with not locking in rates when they were at rock bottom? Just seems like poor risk management. Like how much cheaper was variable rate loans short term? 50 bps? 100 bps. If 50-100bps matters for your margins you are buying real estate completely wrong. Just incredibly short sighted. Real estate is meant to get as much debt as possible, lowest rate possible and fix it. My god.
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@heysamir_ @ChrisGure If you convert it to a Roth when they turn 18 when their income is very low the one time tax hit is very low
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Samir
Samir@heysamir_·
@ChrisGure Why fund a Trump Account with your after tax dollars only to have it be taxed as ordinary income on way out when you could use a custodial UGMA instead?
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Chris Gure
Chris Gure@ChrisGure·
My son is 4 months old. I'm a wealth manager, so naturally I've been overthinking how to fund his future. Two accounts, one goal: get money into a Roth for him decades early. Here's how I'm actually thinking about it
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PrivateEquityGuy (Mikk Markus)
PrivateEquityGuy (Mikk Markus)@PrivatEquityGuy·
Nathan rolled up 11 tiny (<$1M EBITDA) HVAC companies, paying low 3x multiples. Now PE is interested in buying the group, and Nathan is already planning to do it all over again. “I see a lot of opportunity in taking these really small mom-and-pop shops and building them up to the lower end of what a PE firm would be interested in acquiring. You can pick them up at 3x, sell them at 10x and repeat that process over and over.” But this story almost ended before it began... After acquiring his first two companies with an SBA loan, Nathan watched revenue collapse, burned through his cash, nearly lost his father's retirement savings and came dangerously close to bankruptcy. The turning point was a complete rethink of incentives, compensation and how to build an acquisition platform that actually compounds. Give it a listen. I hope you appreciate @A_LastingLegacy extreme transparency on everything, even him sharing how he overcame daily stress through drinking and how, to this day, he is still paying down his SBA note of $8,500 a month… Year six of 10 years on that. It’s very hard out there. Timestamps: 0:00 Nathan's 11 acquisitions and $16M run-rate HVAC platform 0:25 From the first deal in 2020 to acquisition #11 1:24 From book publishing to buying HVAC businesses 3:55 Selling real estate to fund the first acquisition 4:33 Buying a one-technician HVAC company—and the costly assumptions that followed 7:58 Losing 40% of revenue almost immediately after closing 10:26 Acquisition #2 makes every problem much bigger 11:20 Running out of cash—twice 14:18 The decision to put everyone on commission 15:15 Every employee quits on the same day 16:21 The Indeed hire who changed the entire business 18:59 Fear, alcohol and nearly going bankrupt 23:13 One technician outperforms the rest of the company 25:52 Why Nathan waited a full year before doing acquisition #3 27:00 Acquisitions #3 and #4—and buying businesses the second time around 28:46 How his M&A due diligence completely changed 29:30 The "buying at-bats" framework for acquisitions 33:08 Why Lindley spends almost nothing on marketing 34:15 Turning acquired customer databases into new revenue 36:27 Hiring exceptional technicians and building repeatable systems 37:35 The company today: 50 employees across three markets 39:13 How Lindley integrates acquired businesses 42:38 Teaching acquired technicians to double their income 43:17 The acquisitions that didn't work—and why 46:47 Planning an exit and doing it all over again 49:04 Where to connect with Nathan
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Zachary 🏙️
Zachary 🏙️@ZachIsHere·
I have a report from downtown. Dutch baddies have made way for Colombian baddies and lemme tell you it's a whole other category of baddie.
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Th3Jakal
Th3Jakal@Th3Jakal·
@financedystop At $500 a night it won’t be fully booked. That price will come down, 100%
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Financial Dystopia
Financial Dystopia@financedystop·
This guy owns land and put three non-permanent structures on it. He says it’s projected to rent for around $500/night, which is $15,000/month if fully booked.
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Kick HQ+
Kick HQ+@MoreKickHQ·
Full: DeenTheGreat kicked a girl out of his car after his chat repeatedly claimed she was transgender leaving the situation extremely awkward and the girl in tears after she later proved she wasn't 😳
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Bobby Graham
Bobby Graham@BobbyBizScout·
Working at American Express taught me one thing: The top 1% don't put their money in a 401(k). If you want to retire early with enough cash to live comfortably... Stop funding the government and do this instead:
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ecomchigga
ecomchigga@ecomchigga·
sat next to a woman on a flight to dubai who looked like she should be grading homework. reading glasses. cardigan. a paperback in her lap. drinking ginger ale. she saw me on my phone scheduling tweets and said "oh, you're on x too?" figured she had a personal account. followed her grandkids. maybe posted photos of her garden. "i run accounts on there. three of them." "like personal accounts?" "no no. faceless ones. nobody knows who i am on any of them." "what are they about?" "one's about apartment organization for small spaces. one's about meal prep for single parents. one's about cleaning hacks for people with pets." i nodded politely. figured she had a few hundred followers sharing tips. "and people... follow those?" "they follow them and they buy things from them." "what do you sell?" "the organization one has a $67 checklist bundle. the meal prep one has a $47 weekly planning template. the pet cleaning one has a $37 stain removal guide and a $197 full system." "and that does ok?" she pulled out her phone. opened gumroad. three storefronts. apartment organization: $22,400 last month. meal prep for single parents: $8,900 last month. pet owners cleaning system: $14,600 last month. combined: $45,900. in one month. from a woman in a cardigan drinking ginger ale on a tuesday afternoon flight. "$46K a month. from cleaning tips and meal plans." "closer to $52K if you count december. christmas is very good for organization products. people feel guilty about their closets in january." "how many followers across all three?" "the organization one has about 14,000. meal prep maybe 6,000. pet cleaning around 9,000. so about 29,000 total." "29,000 followers and $46K a month." "followers don't buy things, dear. communities do. each account has a telegram group. the followers see my tweet, comment a little keyword, join the telegram, read the free guide, see other members posting their before-and-afters. pantry makeovers. fridge resets. one woman posted a video of her cat's room after she used my system and 40 people bought the guide that day just from seeing it in the chat." "how much time does this take you?" "maybe 90 minutes across all three. i use that AI thing. claude. my nephew set it up for me two christmases ago. each account has its own... what does he call it... voice primer. i paste a little prompt, it writes the tweet in that account's voice, i make sure it doesn't sound like a computer, and i schedule it. takes about 5 minutes per account for the writing part." "and the other hour?" "replying to comments. 15 minutes on each account after i post. my nephew showed me something about the algorithm. a 75x weight? when i reply to someone and they write back, the tweet goes much further than if i just post and leave. so i reply to every single person. they think i'm being friendly. i am. but i'm also being strategic." "your nephew taught you the whole system?" "he's 23. he was doing it first. four accounts of his own. he showed me over christmas dinner and i thought he was pulling my leg. then he showed me his gumroad and i almost choked on my turkey. he made more that month than i made in a year teaching." "so you just... started?" "i started with what i knew. i've lived in small apartments my entire teaching career. 34 years. i have a system for every drawer, every closet, every square inch of counter space. my friends joked about it for decades. my nephew said 'auntie, that's not a personality quirk. that's a product. write it down and charge for it.'" "and the pet cleaning one? that's your expertise too?" "two cats and a dog my whole life. you learn things. how to get cat hair off a dark sofa in 30 seconds. how to get that smell out of carpet without chemicals. how to keep a litter area from taking over a bathroom. i gave this information away for free for 40 years to anyone who visited my flat. turns out 9,000 people on twitter will pay $37 for the same information in a PDF." "$37." "$37. and about 14% of them come back within 3 weeks and buy the $197 full system. i didn't even plan that. my nephew said 'make a bigger version for the people who want everything in one place.' i made it on a saturday. one day. now it outsells the original every month." "what about ads? marketing? landing pages?" "i don't run ads. i wouldn't know how. the tweets go out. people find them. they comment the keyword. they join the telegram. they see other people's results. they buy. that's the whole thing. my nephew calls it 'the backend.' i call it a telegram group and a gumroad page." "no email list?" "i have one. i barely touch it. i send one tip per week and sometimes mention the product at the bottom. but most of my sales come from people who've been sitting in the telegram for a week or two. they just needed to watch other people buy first." "how does a retired teacher with 29,000 followers make more than most executives i know?" "because those executives are selling their time. i'm selling a document i made two years ago that costs nothing to copy. the 4,000th person who downloads it costs me exactly what the first one did. nothing. and the telegrams keep growing. every new person who joins sees more proof than the person before them. it builds on itself. my nephew says 'compounding.' i say common sense. if you put something useful where people can find it, they'll buy it." "do you ever think about scaling? hiring? building a team?" "what for? i make more money than i need. i work 90 minutes a day. i've been to 11 countries this year. i still volunteer at a school on tuesdays because i miss the kids. why would i add complexity to something that already works?" the plane started landing. she put her paperback in her bag. grabbed a carry-on that looked older than me. "last question. what would you tell someone who wants to start?" she didn't hesitate. "stop reading and start posting. the woman who taught me to cook didn't study 40 cookbooks first. she burned dinner every night until she stopped burning it. everyone your age wants to understand the entire system before they turn it on. that's not preparation. that's hiding." she stood up. "i wrote about apartment closets for 4 months before a single person bought anything. my nephew almost quit twice in his first 8 weeks. the people making real money from this aren't smarter than you. they just started before they were ready and stayed after it was boring." she walked off the plane. cardigan. reading glasses. carry-on from 2003. probably went home to reorganize a closet and check her three telegrams before bed.
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KO Sequence
KO Sequence@KO_Sequence·
Husband drops a huge bully after he harassed his wife.
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@babieswithb You just do it, there’s no other option
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🅱️ is for baby whisperer
🅱️ is for baby whisperer@babieswithb·
genuinely dont understand how couples/families where both adults work full time handle all the housework and food prep and random little errands?? is everyone just faster / more efficient?
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