Ghostcat
907 posts

Ghostcat
@GhostCat_
Beautiful things don't ask for attention!
Entrou em Ocak 2014
129 Seguindo44 Seguidores

@rossiadam A wise man once told me “spend the money You earn, grow with other’s money.” The more I think about it the more it makes sense
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When we sold our company, my wife Laila and I paid off our mortgage.
Every advisor will tell you that’s a mistake. The tax deduction alone should keep you in it, they say. Plus the inflation hedge. Deduct the interest, pay back in cheaper dollars, and the difference goes into the market where it compounds for decades.
On paper, carrying the mortgage wins every time.
I understand the argument completely and I still don't care.
That calculation leaves out the psychological cost, of what it feels like to still owe money. I went from running a 250-person company with 100-hour weeks and constant pressure to suddenly having resources and no obligations.
The whole point of selling was to remove stress from my life.
Carrying a monthly mortgage payment (even an affordable one) kept a piece of that stress alive.
And more than optimizing my tax position, I wanted to walk through my front door and know that this, at least, couldn’t be taken away. If something catastrophic happened, we own our home outright.
(yes I know I have to pay property taxes, begone pedant)
The return was peace of mind. Every post-exit founder I know who got into serious financial trouble was leveraged.
Many wealthy folks still carry mortgages, borrow against their portfolios, and layer debt on top of their investments.
I have a friend who took his entire exit and bought real estate. On paper, a multi-millionaire. In practice, he couldn't make his quarterly tax payment.
Assets everywhere and cash nowhere is more common than you think.
When people ask me what to do with the money, I keep it boring. Gold for ballast. Bitcoin because I believe in it. A foundational core of index funds. A dividend fund for income without selling anything.
And then whatever is left over, put it into things you find interesting, angel investments, individual stocks, whatever (just know that everyone I've talked to whose fun investments outperformed a basic index fund could fit in a crawl space).
But before any of that, if you’re like me, you might pay off the house. Own some dirt free and clear.
Your accountant might not like it. But your nervous system will thank you for the rest of your life.

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@AcousticStocks Just the math alone on existing devices as of today (even if only China not worldwide) were accounted for royalties, the mcap would be multiples of what it is today.
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@mattadler81 Yes, definitely not worth crossing the river to anymore. Service and quality have dramatically decreased. They want to you to eat and be out asap. Certainly better places within the city if that’s where you’ll be.
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@JacobAShell I don’t mind the wide open space. I know everyone thinks they’re sweet like sugar but haven’t heard of anyone melting in a little sun. Plus it’s a great source of Vitamin D when the sun is out 😉
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Nobody in DC in the summer is glad there's a wide treeless mall instead of this shady park.
Echoes of War@EchoesofWarYT
The Victorian landscaping and architecture of the Mall looking east from the top of the Washington Monument, showing the influence of the Downing Plan and Adolph Cluss on the National Mall c. 1904.
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@BarredinDC Any restaurant that has a brick oven as opposed to the ones serving frozen sysco bread
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@GhostCat_ @ajlamesa You think real ppl are going to “Navy Yard” on a saturday night for anything but a sporting event you just confirmed my thesis there ✌️✌️
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@adamd0719 @ajlamesa Join me at Navy Yard on Saturday nights, it’s so vibrant especially after sunset when the thugs takeover 🙃
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@ajlamesa @GhostCat_ You got way too much time on your hands if youre genuinely bothered by this😭😭
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@adamd0719 @ajlamesa You must be one of those enjoying the crime infested city 😉
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@karbonbased It’s like buying natural salt that’s taken millions of years to form only to have an expiration date of two years cause some bureaucrat somewhere had nothing better to do.
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@BarryRoland19 Mind sharing the name and contact information of this amazing locksmith? Got some interested parties that could use their service
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@GeorgeJSaliba My uncle’s friend who has this cousin that’s got a nephew has several unused ones somewhere South of the Border. Interested?
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Value for money in the U.S. hospitality industry is probably some of the worst in the world since the Covid pandemic.
James Surowiecki@JamesSurowiecki
Judging from the replies to this tweet, it's time to go back to Spain.
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@ViralNewsNYC NYPD. Is a good start. ICE needs to do the follow up visit.
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NYPD Hits Times Square Pedicabs in Surprise Raid
Times Square — NYPD officers from the Times Square unit carried out a surprise pedicab enforcement operation, issuing multiple tickets and seizing one pedicab.
The crackdown comes amid continued complaints over aggressive behavior, pricing, and congestion in the busy tourist area.
What do you think about these pedicabs in NYC?
By @LeeroyPress
For licensing email viralnewsnyc@gmail.com
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@PenguinSix They’re working hard to get the $abvx deal done. It’s finally happening.
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