Author, host of @netflix "How to Get Rich" & the Money For Couples podcast

Los Angeles / NYC
Should I buy this and turn it into a liberal media site
Alex Jones announces tonight that auctioneers are now in his offices, and InfoWars is being shut down with everything being auctioned off on Wednesday.
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Good evening, MAGA voters. Thanks to your vote, you'll now pay thousands of dollars more per year. Let's begin by taking a tour of your grimy homes. In your kitchen: - Coffeemaker: Likely made in China, Thailand, or Malaysia. You'll now pay 24%–36% more - Sponges: Enjoy the 34%–46% tariffs In your bathroom: - Towels: Many are made in India, Pakistan, or Turkey. Enjoy 26%–29% tariffs - Toothpaste & body wash packaging often comes from EU, China, or Vietnam. 20%–34% more In your garage: - Power tools Often made in China, Taiwan, or Mexico with 32%–34%+ tariffs (thankfully I don't have to worry about this one) And I'm not even mentioning the expensive stuff, like your cars, appliances, HVAC, furniture, and TVs You'll pay thousands of dollars more for household items...all so that wealthy guys like me can get a tax cut that I don't need. This is what Republicans voted for
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This may be the first technical policy question I've ever seen Trump asked in 8 years Two observations 1. Trump is, of course, an idiot. He has no clue what the question even means 2. Our political press has failed us. They repeatedly cover for Trump
lmao Trump had no chance with this wonky policy question
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It's notable how many finance guys idolize Buffett but, for some reason, skip right over the part where he loves paying his taxes
Berkshire Hathaway paid $26.8bn in taxes in 2024, which is 5% of ALL corporate taxes collected by the IRS that year. This is Buffett's response to that. Truly a class act.
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A MAGA was arguing that tariffs are actually a good thing. I asked if he supported paying an extra $2,500+ per year for household goods so that I can get a massive tax cut and use his money for one night at a luxury hotel He deleted his comment
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Good evening. I have a huge amount of fraud, waste, and abuse on my iPhone, so I’ve decided to specifically focus on eliminating “system data,” which represents less than 1% of “waste” and will cause crippling long-term effects
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I have talked to multiple people on my podcast who complained about the “unaffordable” economy — specifically, inflation at the grocery store — while they had a car payment of over $1,400/month They did not see a connection
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This MAGA supports tariffs, so I asked which factory he was going to work in when we "bring back manufacturing" His response: "I will own the factory" lmaooo
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This is what I mean when I say "don't take financial advice from people on social media"
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PLEASE READ THE COMMENTS LMAOOO. PEOPLE ARE LITERALLY ARGUING THAT THEY "HAVE" TO SPEND $1,000/MONTH ON A CAR Some of you are truly doomed
I have talked to multiple people on my podcast who complained about the “unaffordable” economy — specifically, inflation at the grocery store — while they had a car payment of over $1,400/month They did not see a connection
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Just spoke to someone who was given a trust at 18 years old worth $800,000. That trust is now worth $1 million… …27 years later
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You rarely get to see people trying to resolve cognitive dissonance right in front of your eyes. In this video, you get to see it happening live I live for this
Oh my God. Joe Rogan tried to say Biden is unqualified by claiming he said something that TRUMP said. He got fact checked in real time. This is amazing. (h/t @Mediaite)
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Your friend is a millionaire
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Crime at near 50-year lows. Unemployment near record lows. Stock market at record highs. Wage growth strong for low earners. Seems like “go woke” actually means “build a successful country that includes everyone”
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Just thinking about all the center-right tech bros I know who continue to claim “both parties are bad” while Trump is engulfed in a pedophile scandal, using masked men to apprehend & deport immigrants, and firing government employees because his employment numbers are horrible
Trump on weak jobs report: We’re doing so well—I believe the numbers were phony so I fired her.
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Last year, tons of people were apoplectic about food prices, yet today you rarely hear about them at all — even though many food prices are *higher* Why do you think that is?
The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago, according to U.S. government data. The average price of all uncooked beef steaks rose 8% to $11.49 per pound. abcnews.link/jNi4V9P
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You buy a house, thinking it's a good investment Value increases $500K Now what? When does it actually turn into $ for you? Do you sell & move to another house? Other houses are expensive now Sell & move cities? Maybe, but your friends & family are here Now what?
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Where people try to to save money: - $3 coffee Areas that actually matter: - Investment fees ($50,000+) - Asset allocation ($50K+) - Negotiating salary ($25K+) - Mortgage interest ($20K+) - Student loan interest ($5K+) Stop asking $3 questions & start asking $30,000 questions
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What is a subtle sign of wealth?
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Examples of a Rich Life: * Grocery shopping without considering price * Spontaneously extending your vacation by a day * Buying popcorn at the movies * Handing out full-size candy bars for Halloween * Buying a $100k car that you love every time you sit in it
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Good morning. Please meet these shameless wealthy Americans who insist they’re not wealthy because they don’t want to pay higher taxes
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Wow, after listening to a 3.5-hour podcast today, I realize Bitcoin is actually the future. Fiat is doomed
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You can't solve an emotional problem with a number in your spreadsheet
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If you're under the age of 35, pay close attention to this market to train your investment intuition * Crypto guys have vanished * AirBnB/RE passive income are getting quiet * Many pivoting to creator agencies This is what happens when hype dies. Now watch what happens next
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This is why housing is so expensive. Not Blackrock, landlord greed, or avocado toast...just your neighbors & parents who bought a house, then used local government regulations to make it impossible to build more The result: Their housing prices go up. Young people locked out
74% of LA's residential zoning is single-family housing only. The median cost for a house in LA is $1,023,474.
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If someone said this about me, it would be the greatest day of my life @dieworkwear you deserve this
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Americans should make 2025 the year they accept personal responsibility for buying unnecessarily gargantuan trucks/SUVs and justifying them as "necessities" when they are really luxuries
Replying to @ramit
You post this as if it’s a choice. Cars cost as much as a house used to. What do you think car payments should be for a $40-80,000 vehicle?
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LMAO fucking losers. Being so rich you fly private but agonize over **daily** taxes. Truly one of the most scarce, pathetic things I’ve ever heard. You will die unhappy
This is incredible. The ultra-rich do things like fly their private jets out of the state right after midnight, and time their returns until just after midnight, so they can escape NY taxes, but stay in the city as long as they can bloomberg.com/news/features/…
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Repeat after me: Your rent is the maximum you'll pay. Your mortgage is the minimum you'll pay. Homeowners often trumpet their fixed interest rates but fail to factor in phantom costs like interest, insurance, maintenance, transaction costs, & opportunity cost of down payment
Florida condos reeling with 563% rate increase and massive deductibles. gainesville.com/story/news/l…
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Are you starting to get it yet
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Remember when I told you rent is the maximum you'll pay but your mortgage is the minimum you'll pay
Homeowners insurance went from $2,300 to $4,700 / year on renewal Never filed a claim
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This is why your housing costs so much. Rich homeowners have captured local governments in nearly every city in America and they prevent housing from being built Less supply = higher house prices, which is great for them — but awful for young people & minorities
Given an 8-3 vote tonight by San Francisco's leaders to downzone the wealthy waterfront neighborhoods to protect the views of millionaire homeowners, I figure I'd show a visual representation of the amount of housing the city approved in January. Yes, it's in red, look closely.
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Do I wish I lived in a low-tax state? No. Fuck no. I’d rather live in states with abundant social services, voting rights, women’s rights, labor rights, environmental protection, LGBTQ+ rights, plentiful public spaces, longer lifespans with a higher quality of life, diverse opportunities in public education, assistance for the homeless and less advantaged, higher taxes on the rich (including me), growing public transportation, low crime, and an educated workforce You know, states in America’s heartland, like California and New York
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Coming April 18th
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Watching Trump do this while zero Republicans push back is like having your alcoholic dad say something incredibly stupid but everyone is too afraid to correct him because he'll spin off into one of his rages again
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Americans are uniquely susceptible to believing the obvious lies of a guy speaking with a southern accent and wearing a cowboy hat
Every left-winger should have their eyes held open and be forced to watch this on repeat until it sinks in. nitter.app/Samantha_SN1/status/18…
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This comment is part of the reason that suburban bros from Ohio are penning long rants about how congestion pricing will "force" New Yorkers to take the subway while never having been here. Deep down, many Americans believe people who take public transportation are poor and detestable. They are wrong. Every New Yorker knows the diversity of people who take public transportation, which is why we love this city. The poor & middle class deserve safe, rapid transit as much as anyone else -- and New York does not need more car subsidies to wealthy car owners
Replying to @ramit
Enjoy your public transportation with the rest of the degenerates
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I’ve rented for the last 20 years and it is amazing No worrying about repairs or maintenance payments or $50,000 renovations I take all the money I would have spent on owning and invest it, save it, and spend it on trips to places like Japan, India, and Kenya
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I don't know about you guys, but I genuinely enjoy reading Bill Ackman's long, rambling tweets where he begs random politicians reply to him It reminds me that extremely wealthy people can still be pathetic losers
I spoke to someone who knows @CurtisSliwa and now I understand why he is staying in the race. The City has an 8 to 1 matching program for NYC donors. Sliwa got ~$5m of matching funds from the city for his campaign. According to my source, Sliwa’s wife, friends and others are on the campaign payroll, and he and they are enjoying living off the city taxpayers who are funding his race/lifestyle. He doesn’t want to end his campaign and have to return the funds. Follow the money. When I asked why he doesn’t care about NYC? my source said: ‘He doesn’t give a sh-t.’ Clearly, this is hearsay, but my source is extremely credible and a highly respected person, and he knows Sliwa well. Curtis, please correct the record if I got anything wrong. What personal or other related expenses is your campaign paying for? Is your wife and/or other family or friends on the campaign payroll or receiving any funding? Please clarify the record.
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Replying to @texasrunnerDFW
Amy, can you show me your calculations please
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Only a moron would support this. Of course, you're MAGA. You also support this:
10 things Republicans have done in the last 10 days 1. The Trump administration has illegally snatched Americans using masked men in unmarked cars. They sent one to a Salvadorian torture prison because he had an autism awareness tattoo. Another, a lawful permanent resident, was snatched because she participated in pro-Palestinian demonstrations.
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Replying to @Anders_Maidment
I'm sorry egg prices have affected your personal finances. Quick question: How much do you spend on guns?
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I spoke to someone who was given a trust at 18 years old worth $800,000. That trust is now worth $1 million… …27 years later It should be worth over $6 million. WHERE IS THE MISSING $5 MILLION? I finally found out
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So true bro
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Replying to @TradCatholicTX
Who told you this
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Usually predatory financial schemes are reserved for the very poor (payday loans) and the very wealthy (3rd-tier PE firms). Now, they're coming for the middle class -- YOUR money I would avoid this at all costs. The fees alone are staggering
It’s been almost five years to the day since the idea first hit me. I was working at Goldman Sachs, watching wealthy clients grow their fortunes. There was nothing magical about it — they just had the one thing that mattered most: capital to compound.
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Please notice all the bitcoin promoters who have tucked tail and vanished In the next 12 months, I predict the same thing will happen to the "passive income real estate" bros It will be glorious
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In MAGAs imaginations, they are CEOs, company owners, the wealthy victors Candidly, if they were going to be these people, they would have already made it happen MAGAs: Take personal responsibility for your lives and stop waiting for the government to prop you up!
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10 things Republicans have done in the last 1 month 1. Republicans ended the Direct File program, which allowed you to easily file your taxes online, for free. 2. JD Vance blamed "DEI policies" for a deadly crash between an airliner and military helicopter.
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A friend in SF told me about going to celebrate with an entrepreneur who just sold his company The entrepreneur wanted to go to the ATM to see his bank balance. He checked... It was $220,000,000 Then they decided to celebrate...by going to McDonald's Love it
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Another wealthy guy admits he's not leaving NYC: "I am not planning to move Eminence Capital to another city or state" Are you guys starting to get it yet?
I was wrong about a lot of things related to the NYC Mayoral Election. I challenged some conventional wisdom that turned out to be wisdom for a reason. I believed some things that made logical sense to me but may have lacked compelling evidence. I was surely guilty of being heavily invested in an outcome and looking for reasons to believe the long shot odds and pundits were wrong. Finally, between the changing complexion of NYC and the changing circumstances and mindset of the next generation I misread the size of the base that would support a series of ideologies I think are flawed and toxic. I think NYC will be worse for yesterday’s outcome. Potentially a lot worse. I am not planning to move Eminence Capital to another city or state. At least not yet. But the next Mayor should understand that technology gives its residents and businesses options to move. Personally, I am most concerned about safety and livability. Secondarily, I worry that Mamdani’s policies and inexperience could create a fiscal crisis which could further impair safety and livability. Experience tells me that progressive politicians often have a blind spot when it comes to second order effects and consequences. It’s going to be one hell of an experiment.
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Replying to @VijayUpadhyaya
No, it's clear from the video that he's a moron
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I HAVE THE MOST AMAZING COMMENTS RIGHT NOW in my feed about congestion pricing - One guy says his "wife's family is plumbers in Yonkers" and, because of congestion pricing, they won't be able to work in Manhattan - Another guy who describes himself as "6’1 230 built like a brick shithouse" challenged me to wear my "nicest watch" and come on the subway with him because it's so scary. He has a "day date two tone." I don't own a watch and I'm not 230, but I'm not scared to ride the subway - Another guy whining about congestion pricing last drove into Manhattan ONE MONTH AGO - Another doesn't believe I ride the subway (lmao) - Another said congestion pricing is too expensive since he drives his ill girlfriend into the city 3x/week, but when I asked what exemption he will take, he said it takes too long and pivoted to complaining about illegal immigration - Many are driverrs do not believe they are subsidized by the government (they are) - MULTIPLE people declared that congestion pricing disproportionately affects poor people (it doesn't) but could never identify any specific poor people who drive and park in Manhattan every day (because that rarely happens) Overall, I love it
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You have to feel sorry for guys like this. His family has lived in America for generations. He’s been given every advantage, but he’s accomplished nothing. Maybe he’s lazy, or unmotivated, or unintelligent, or perhaps just unlucky. Now he finds a tweet of mine and he gets angry. He doesn’t understand why he’s losing at life to an Indian guy whose family immigrated here one generation ago. “I should be on top!” he thinks. But he is not. He feels entitled to a wife, a big house, and an awesome life. But none of that will ever happen for him
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How I automate my life, including these money rules On my Instagram story right now
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Very smart guy. He saw congestion pricing coming, moved from NJ to the Bronx, sold his car, and now takes the train He will likely save TENS OF THOUSANDS OF DOLLARS. Cars are extremely expensive
"People told us they left their cars at home and took transit for the first time." This is the way.
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Are you guys really falling for this guy wearing a $6,000 custom suit while telling Americans to cut back on coffee as he conveniently skips over how frugality isn't what made him worth hundreds of millions? Also missing from this fun little clip is the minor fact of how he was paid $15 million to scam people promoting FTX. How many coffees do you have to cut back on to equal that number, Kevin? I don't mind people becoming extremely wealthy. Just tell the honest truth! It's not fucking coffee and it's not saving money on iceberg lettuce that got you there
STOP wasting money on $5.50 coffee and $15 sandwiches. Pack a sandwich, skip the fancy latte, and watch your savings pile up. Do you agree?
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This is why your housing is so expensive Not Blackstone, not "greedy landlords" Just your mom, dad, & neighbors voting for NIMBY local politicians who then prevent housing from being built That's why you pay tens of thousands of dollars more than you need to Simple as that
Cincinnati City Council members voted Tuesday to kill a zoning change for a $150 million project on Hyde Park Square, siding with community groups opposed to it based on its height. The developers had already shrunk the project from 85ft to 75ft with an upper floor step back.
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You go to Europe and suddenly you lose weight effortlessly. We really need to look into what's in our food in America. They're POISONING US! Why can't our government PROTECT us? Here's what I found...
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THE SHOW IS NOW LIVE ON NETFLIX!!! 8 EPISODES!!
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Replying to @texasrunnerDFW
Amy, respectfully, you cherry picked data You selected a 48-mo term with 0 down & a premium trim level Here are the calculations for a new Camry LE with a 60-month term, buyer w/fair credit, $5k down It's $491/month, less than half of the $1,000/mo payment you claimed
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I've heard some women aren't telling their husbands who they're voting for, so I decided to ask my community (anonymously) to see if this is true Can you guess what I found out? See the actual chats below
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I think young people would riot if they actually saw how much money ($$$) Boomers make from their fat pensions, social security payouts, and RMDs while the average young person will never be able to buy a house Watch for these interviews
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This is the best thread on the internet. 2 guys argue about how many days are in a week. Start at #6: forum.bodybuilding.com/showt…
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I am going to create a video called "Arguing in bad faith with MAGAs" so you can see the absolute best way to respond to these cult members It's quite fun
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Replying to @BillAckman
Bill, are you starting to realize that the fact that you're now forced to do random thought experiments on handling a multi-trillion-dollar economy means you backed the wrong candidate for President?
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23-year-old twitter dudes writing 40-part twitter threads on why you "need to" buy real estate so you too can cashflow...$210/month Lol
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Replying to @realEstateTrent
I'm a little confused about this post and all the responses saying "Young people are so entitled." This is the market speaking. It's telling you the role doesn't pay enough for the work required and there are excellent alternatives. If a property was on the market and not selling, every commenter here would say, "It's the price." Isn't that the same here?
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This is how you live a Rich Life
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Myth: “We’re living paycheck to paycheck!” Reality: You’re a dual-income family maxing out two 401ks, equalling tens of thousands of dollars invested annually. Just because it’s not in your checking account, that money is still real
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What if the American Dream really isn't working endlessly to buy a house, commuting 1.5 hours/day, moving far away from your friends & family, & mindlessly saving money for someday 40 years in the future?
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In this video of LA, you can see the exact reason why housing is so expensive in America
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Canvassing in Pennsylvania today for @KamalaHarris
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Many people don’t realize the hidden fees involved in buying a house I call these PHANTOM COSTS They see this: - 2-bedroom house for $1600 rent - 2-bedroom house for $1600 mortgage And think: “Same price? I should build equity!”
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Why are egg prices so high under Trump? Why isn't the war in Ukraine over under Trump? Why is it so hard to afford housing under Trump? Why do we have so much government waste under Trump? Why do we have a geriatric president under Trump?
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I'm still blown away that home renovations are now seen as a normal middle-class thing to do In my family, we never ever renovated a house (we couldn't afford to) So when I see people casually spending $50K+ renovating, it blows my mind
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Is inheriting a decrepit house with deferred maintenance the type of millionaire I want to be? No. But you're still a millionaire Remember this when you hear someone who bought their house in the 70s complaining about property taxes. Millionaires NIMBYs dont get my sympathy
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Cautionary tale
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Notice how lower housing prices & rents are described as "disaster" & "distress" Lower housing prices are AMAZING! For young people, poor people, and families Lower prices are bad for are Wall Street & homeowners, whose perspectives are the only ones represented in the press
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Today I'm reminded of this post, especially the soft-right tech bros who slowly aligned themselves with MAGA by "just asking questions" and suddenly today, they see their Indian friends being subjected to insane amounts of racism Was it worth it, guys?
I wonder if the soft-right, smart people I know who love talking about "school choice" and "lower taxes" and "both sides are bad" and "gov healthcare would be socialism" will ever realize they were rubes for the inevitable authoritarianism of Republicans
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Replying to @kevinleeme
Such an awesome, specific example. Mine was to be able to order appetizers at a restaurant
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In my experience, when people cross $150,000 of income, they stop carefully tracking expenses (This is fine! At $150K, you can loosen up. You don't need to track the price of a pack of gum.) However, here are the 3 problem areas I see for expenses above $150K income 1. They’re spending more but STILL stressed out about money! This is because most people don’t save & invest based on percentages. If they saved $700/month before, they don’t adjust their savings rate to be higher. It should! If you track your expenses by %, you’ll be able to save more, invest more, & even SPEND more 2. Because they stop tracking, their costs increase substantially on eating out and travel. I’ll ask them about travel. Their response: “It’s not like we travel all the time!” But if they dig into actual spending, they took 6 vacations, including mini-trips, and because they make more, they didn't track spending on any of them. These add up. 3. They almost never stop to celebrate and decide what their new Rich Life is. $150K is a lot of money! Do you still want to eat at the same places? Do you want to spend more on a new car, or tip 25% everywhere, or save for a special anniversary trip? Most of us simply "slide" into the next phase of our financial lives without taking a second to stop, appreciate, and plan what our next chapter of our Rich Life is. If your income has increased beyond $150K, what do you notice happened with your spending?
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Lol Americans will adamantly claim they don't spend money on "status" & then immediately buy a single family home in the suburbs & a $78,000 SUV without running one calculation US? WE DON'T BELIEVE IN STATUS! THAT'S FOR SHALLOW PEOPLE. WE REALLY NEED A NEW SUV! IT'S FOR THE KIDS
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Every dollar I spend on groceries, I save money on eating out: uncontroversial Every dollar I spend on making my own coffee, I save money on buying coffee at a coffee shop: uncontroversial Every dollar I spend on rent, I save money on homeownership: people lose their minds
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Replying to @jurdinho
Really appreciate the reminder to use gentler language. Quick question: Where were your comments when Trump was calling immigrants "vermin" and Republicans were calling for "mass deportations?" Yikes
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Replying to @experimentals
No
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"WE'RE JUST ORDINARY PEOPLE LIVING IN MENLO PARK! WE BUY ORANGES AT SAFEWAY! I DON'T FEEL RICH! HOW DO YOU EXPECT US TO DEAL WITH the TRAFFIC IF YOU BUILD THAT APARTMENT COMPLEX 3 MILES AWAY?" Your house is worth $6.5 million, Karen. Nobody cares about your traffic worries
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Comment: "I'm 48 years old with a $15 million net worth. Looking back, I didn't need to save so much, and I could've spent so much more on getting life experiences" What do you notice?
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THIS WAS THE FASTEST TRIP I'VE EVER TAKEN TO AN AIRPORT FROM NYC!!! Thank you congestion pricing!!! Lots more stories like this in the thread below
NEW YORKERS LOVE CONGESTION PRICING 🧵
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WHAT IS HAPPENING
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I met a woman who earned ~$200,000/year, a very good salary But her net worth was in the millions – that’s disproportionately higher than her salary! This is typical of most wealthy people. They focus on their careers & they invest regularly over decades
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This is extremely bad policy that simply makes housing more expensive. The real solution to expensive housing is to build more -- a lot more -- by systematically suffocating the NIMBY stranglehold on local government power and allowing the market to build way, way more housing
BIDEN TO PROPOSE $5,000 CREDIT FOR FIRST-TIME HOME BUYERS: WAPO
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My best posts of 2014 on business, psychology, money, and entrepreneurship: iwillteachyoutoberich.com/bl…
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The reason so many Trump supporters are still praising him — even though Trump has directly cost them tens of thousands of dollars — is simple If they admitted he was wrong about even 1 thing, the halo of worship they’ve built around him would come crashing down So they justify
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Good morning. Just a quick note that if your political party is banning books and one of your top presidential candidates refuses to admit that the Civil War was about slavery...you might be the bad guys. Thanks
Asked what caused the Civil War, Nikki Haley refuses to mention slavery: “What do you want me to say about slavery? Next question.”
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This is how people in a professional environment tell you that the person next to them is a dumbass
Remarkable moment between Trump and Powell.
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One recurring pattern on my podcast is couples in financial trouble calmly explaining their logical reasons why they absolutely need a $2,000 mattress or $75,000 truck or 9 different credit cards Then, when I tell them that I don't even have that, they look completely stunned. It genuinely never occurred to them that someone with more money might spend less on the things they deem basic necessities I find this fascinating. People have no idea if their spending is normal, so they mostly just go with what they feel They don't use benchmarks (e.g., 28% of gross). They don't understand cause-and-effect between a $5,000 CC purchase and their retirement It's essentially, "I want this so I'm going to buy it" I WANT us to acknowledge the importance of psychology and emotions in money. AND I want us to also run the numbers on big, important areas of our finances. 1. Masters your numbers 2. Master your money psychology Do those and you have a very good chance at living your Rich Life
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Suggestions for current stock market: 1. Don't panic. I'm not selling any stocks (why would I? They're for long-term investments.) During chaotic times, people make rash decisions that have life-changing ramifications. Even people who preach "long-term investing" see 1 day, then 1 week, then 1 month of bad news and eventually capitulate. That decision will haunt them forever. 2. Build a war chest. I would encourage a 12-month emergency fund. Normally I recommend 3-6 months. During COVID I recommended 12. Because of the massive uncertainty of the Trump admin, I'd recommend being more conservative. If you can't do 12, focus on 6. Cut discretionary spending before the world forces you to. 3. You should be pissed off. The sudden, large decline in the stock market was caused by one thing only: Trump. There was no reason to levy these tariffs, which will cost the average American family thousands of dollars -- all to give wealthy people like me a massive, unnecessary tax cut. Money is deeply political. Don't panic, build a war chest, and get mad. More on my other social channels.
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Replying to @MeghanMcCain
Meghan, do you see the connection between you repeatedly praising Trump's policies and now seeing the carnage in the market, which will disproportionately harm poor and middle-class people?
Inject every single one of these policy proposals directly into my veins. In. My. Veins.
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In my experience, when people cross $150,000 of income, they stop carefully tracking expenses (This is fine! At $150K, you can loosen up. You don't need to track the price of a pack of gum.) However, here are the 3 problem areas I see for expenses above $150K income 1. They’re spending more but STILL stressed out about money! This is because most people don’t save & invest based on percentages. If they saved $700/month before, they don’t adjust their savings rate to be higher. It should! If you track your expenses by %, you’ll be able to save more, invest more, & even SPEND more 2. Because they stop tracking, their costs increase substantially on eating out and travel. I’ll ask them about travel. Their response: “It’s not like we travel all the time!” But if they dig into actual spending, they took 6 vacations, including mini-trips, and because they make more, they didn't track spending on any of them. These add up. 3. They almost never stop to celebrate and decide what their new Rich Life is. $150K is a lot of money! Do you still want to eat at the same places? Do you want to spend more on a new car, or tip 25% everywhere, or save for a special anniversary trip? Most of us simply "slide" into the next phase of our financial lives without taking a second to stop, appreciate, and plan what our the next chapter of our Rich Life is. If your income has increased beyond $150K, what do you notice happened with your spending?
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