Livingbenefits
3.3K posts
Livingbenefits
@crypto4me
Passionate about informing others of alternatives to the manipulated financial system. #Libertarian #Bitcoin #Blockchain
United States Katılım Temmuz 2017
650 Takip Edilen157 Takipçiler
The final QBs left in the playoffs. What do you notice?
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@grid892 @RealRickRule I believe you missed a 9 in front of the 7.
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@RealRickRule Attention 99.7% of investors: You are not Rick Rule.
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There must be crazy margins in commercial roofing
I got 2 quotes: $73k and $80k to replace this roof in NJ
5,000 sq ft
What do you think the materials cost?
How hard would it be for me to find the subs who actually do the work?
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@GuyDealership I remember about 15-20 years ago people started saying FORD - “Fix Or Repair Daily.” Lol
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Ford is responsible for nearly 50% of a vehicle recalls year-to-date:
For a total of 9,420,920 affected.
Remember back in the day when Ford’s slogan was “Quality is Job 1?”
My, how far we’ve come.
(Data/graph source: BizzyCar / NHTSA)
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@TKopelman 4. Term or Permanent life insurance (situational): protect your family and kids if you are done. If Term, ensure it is convertible if you ever need that for estate tax planning purposes.
Fixed that for you!
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Insurances you need to consider as a high income 30-50 year old:
1. Car insurance: cover large outlays of cash not low deductibles (maxed out liability, underinsured/uninsured motorist, etc)
2. Disability insurance: protect your future earnings
3. Health insurance: make sure a large accident, cancer, etc. doesn't cost 100s of thousands of dollars
4. Term life insurance (notice I said term): protect your family and kids if you are done. Can ensure it is convertible if you ever need that for estate tax planning purposes.
5. Homeowners insurance: maxed out liability and enough dwelling to rebuild
6. Umbrella insurance: protect against liability claims in excess of home and auto. Could easily lose all your assets without it
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@DavidBCollum Should anyone doubt if you have a history of calling events with some degree of accuracy. YIRs from 2020, nicely done! My apologies for the crappy screenshots.
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There is a simple reason why a big equity sell-off will be unavoidable no matter what companies within the indices you own: investors are not only a single keystroke away selling everything, they cannot even cherry pick if they want to. The best values in the S&P will necessarily be sold when the only option is to sell the passively acquired index funds. And once redemptions start, they selling will begin because there are NO cash buffers. Have a nice day.
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@TKopelman They are buying the wrong asset class; for a business owner it should be industrial NNN and/or self storage and contractor garages vs tenants and toilets.
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Many of the business owners I work with have bought rental real estate
I would say at least half end up regretting it
Real estate can become a huge distraction and take up a decent amount of your time while being less profitable than the business
It also can take away a lot of your liquidity
If you are buying real estate, make sure you know what you're getting into
Real estate is great asset class for the right people
And horrible for the wrong ones
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@SamIAmtheREMan It’s about stacking consistent singles with 15% returns. I though I should fix that for you lol.
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Is the president unwitting, or unscrupulous?
David Rosenberg@EconguyRosie
I could have sworn that I heard President Trump also state on CNBC that gasoline prices are down to $2.20 a gallon. But unless my eyes deceive me, the chart below shows the national average at $3.15 and basically where the price was at the time of the November election. We haven’t seen anything close to $2.20 a gallon since November 2020!
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@TKopelman A healthy relationship with money is liberating, and much of this is shaped in childhood, and out of our control. Spend time learning about and understanding your money story, your patterns, and wounds, and you unlock another superpower. This can shift your financial trajectory!
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If you're consistently under-spending out of guilt or fear, you’re not actually winning with money.
Learn how to spend in ways that align with your values and make your life better, not just leaner
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“Don’t spend too much”
“Avoid debt”
We've all heard basic personal finance rules
But once your income rises, the old rules start to fall apart
Here are 12 money beliefs that high-income earners need to unlearn (and what to understand instead):
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@geraldcelente @EmmanuelMacron @RealCandaceO @RealCandaceO is definitely directly over the target lol.
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YouTube
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@RealRickRule Test: I buy structural steel (long products.) I use the steel to build buildings for clients. When tariffs increase the cost of my raw materials do I
a) absorb the cost because I want to reduce my margins, or
b) pass along the higher cost of materials with tariff to the customer?
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Tariffs
Are
Taxes
Taxes
Suck
Jo@JoJoFromJerz
For the fuck sticks in the back… We. Pay. The. Tariffs. WE pay them. Next up: water is wet.
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@RealRickRule He is so running for president; working hard on his image and counting on voters not having internet access or a memory! He is definitely the slickmeister lol.
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Sir, moral authority given what you have done to California?
Governor Newsom Press Office@GovPressOffice
It’s time for Democrats to wake up. Let’s meet this moment head on. We have formal authority, and we have moral authority. We need to exercise it. This is it.
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@LingmerthStefan @PelosiTracker_ Yes, every now and then even a blind squirrel gets a nut lol.
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Well would you look at that..
On April 8th, Marjorie Taylor Greene bought ~$30K of Palantir
On April 17th, ICE announced a new contract with $PLTR
MTG sits on the House Homeland Security Committee
Today it just hit a new ATH & she's now up 92% since
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@MarioNawfal @clif_high “Interest payments on existing debt alone consume hundreds of billions that could fund actual programs.”
Let me fix that for you…
Interest payments on existing debt alone consume hundreds of billions that could be returned to taxpayers.
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🚨 🇺🇸 MIND-BLOWING FEDERAL BUDGET BREAKDOWN: $6.16 TRILLION SPENDING VS $4.47 TRILLION REVENUE
The government's fiscal 2023 numbers reveal massive deficit spending that would make any sane business owner cringe.
Social Security dominates spending while individual income taxes carry the revenue load.
The deficit gap is staggering — we're spending $1.69 trillion more than we bring in annually.
Interest payments on existing debt alone consume hundreds of billions that could fund actual programs.
Individual income taxes and payroll taxes shoulder most of the burden while corporate taxes contribute relatively little.
Meanwhile, Social Security, defense, and Medicare devour the largest spending chunks.
Source: Office of Management and Budget, @therabbithole
Elon Musk@elonmusk
💯
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@crypto4me I figure people who might dislike my thinking might not know the term!
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Calling a government service free is a classic symptom of innumeracy
Brian Allen@allenanalysis
Fox News just accidentally made Zohran Mamdani sound like the most pro-family candidate in America. Free childcare. Baby baskets. $30 wages. Tell me where to sign.
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@gas_biz @ZeroBasis Welcome to the solicitation machine, you’re gonna love it, and you’ll be chased by 15 recruiters a day which you’ll find flattering for about a week lol.
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@ZeroBasis I'm not so sure I'll be successful over there but I'm down for anything
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