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Warren Buffett says using leverage is foolish. Why risk what you have and need to chase what you do not have and do not need? No matter the odds, if the downside is everything, do not do it. He is right. But real estate is a different game. That...

12,472 görüntüleme • 14 gün önce •via X (Twitter)

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I’m writing this while I’m still in it. Still stressed. Still exhausted. Still after crying. And I’m still working through the night. I need people to understand what this really looks like. The posts you see do not come from some calm, quiet, comfortable life. They are written in the middle of pressure, fatigue, sickness, grief, and responsibility. I take a photo, I write my story, and I post it. Then I keep working. Because I have to. Because my guys need me. Because I cannot give up. Because if I stop, the consequences are real. Every single day, I make the choice to stay here. And yes, sometimes that choice hurts. I am human. I know I could go home. I know there is a beautiful life waiting for me somewhere else. I know what I am missing. I know what rest could look like. I know what peace could feel like. But I stay. I stay because my boys cannot simply go home. I stay because they do not have the freedoms I have as a foreigner under contract. I stay because love is not a feeling here. Love is duty. Love is sacrifice. Love is showing up again and again, even when you are breaking. Right now, I am doing the work of five or six people in this brigade. Not because I have endless strength. Not because I never fall apart. Not because I am some kind of machine. I do it because I care that much. I do it because I am passionate, because I believe in #Ukraine I am a soldier. Not a volunteer. This is not something I step in and out of when it is convenient or I have the energy. This is my duty. 24/7. I save my vacation because when I finally leave for a little while, I do not want a getaway. I do not want a trip. I do not want sightseeing. I do not want Kyiv. I do not want the Carpathians. I want to go home to #Canada. And until the day I can do that, I work. Every post. Every video. Every message. Every fundraiser. I am on duty. Every four to six weeks, I scrape together a few hours to take care of myself and try to remember what normal feels like. But the truth is that I am tired. And some of what I do might look small from the outside. It might look ordinary. It might even look stupid. It is not. Because if I do not do these things, people will die. And yes, they may die anyway. This is war. There are no guarantees here. There are no perfect endings. There is only the fight to give them a better chance, one more chance, any chance at all. YOU give them that fighting chance. And that is why I am asking you, from the deepest and most exhausted part of me, to help. I cannot do this alone. I am one person doing the work of five or six people. But with you, I am not alone. With you, thousands of hands help carry this weight. With you, this burden becomes survivable. With you, these men have more than hope, they have support, action, and a chance to make it through. Please do not scroll past this. Please do not assume someone else will step in. Please do not underestimate how much this matters. #Support93

April Huggett

12,218 görüntüleme • 3 ay önce

Dave Ramsey says all debt is stupid. Credit cards, student loans, car payments, borrowing against your house. All of it. He says your income is your number one wealth-building tool, and the second you hand it to someone else, you give up your economic future. He is half right. On credit cards, I agree completely. You are paying 28 to 30% on that. But notice what he never mentions. Cost of capital. That is the whole game, and he skips it. High-priced student debt, fine. But my own loans were at 3%, and they were the only way I got into college. I paid them back over time. That was a good investment, not a stupid one. Where he is dead wrong is real estate. Debt on real estate lets you use other people's money to buy an asset that pays for itself. That is what he misses. His whole philosophy depends on you earning more income. But with wages growing 3% while inflation runs 3%, you never get ahead. You run in place like a rat in a wheel, the exact thing he is warning you about. The only way out is to own hard assets that produce cash flow, and you buy those with debt. Here is the difference between us. He thinks all debt is bad. I think debt is a tool. Good debt and bad debt, high cost and low cost, and that difference is everything. He once said he would not take a billion dollars at zero interest. A billion dollars, costing him nothing. Put it in Treasuries and that is 30 to 40 million a year for doing nothing. He said he would pass. That is lunacy. When I borrow on real estate, someone else covers it. Always. The office building you work in and the Starbucks you walk into all carry debt, and the tenants pay it back. I own a single-family house, my tenant pays off the loan. I do not pay it. I do not need more income. I just need to keep a good tenant in that house. And yes, you get vacancies and turnover and the occasional problem tenant, but that is what management is for. He never had to learn that, because he does not use debt. And here is the part almost nobody gets. It is your money anyway. The cash sitting in your retirement account or your bank is yours. You are just borrowing it back at a lower rate and finding a tenant to cover it. That is why I disagree with him on debt. Used right, it is not the enemy. It is the entire engine.

Ken McElroy

38,187 görüntüleme • 19 gün önce

"You can either produce excellence or you can avoid criticism. But you cannot do both of those. The reason that you don't have certain excellence that you want is because you are afraid of getting criticized. You are afraid of the judgment that comes with it. You are afraid of standing out. You are afraid of being alone. You are afraid of people looking at you. You are worried about what people think of you. There are 2 categories of things in this world: 1) Things that are up to you 2) Things that are not up to you Which category does your reputation sit in? Your reputation is not up to you. I'm the one who associates your reputation with something, not you. You just do things. What's up to you? How you act. Your decisions. Your actions. That is up to you. Your reputation is not up to you. Here's how I know that: You all have a reputation about me and it's not in my control. I get to say and do whatever I say and do up here. I am in control of saying it. I am in control of doing it. The moment words leave my lips, who has control over what is done with those words? You! You are in control of what you think of me. And there's no way everybody in this room is going to think the exact same thing about me. No way. When it comes to exceptional, what we've got to understand is you can spend your whole life trying to avoid criticism and earn reputation, and it still won't be in your control. We can waste a lot of time missing out on excellence we could have been producing if we were just simply LESS trying to engineer what we wanted other people to think about us."

Brian Kight

308,812 görüntüleme • 1 yıl önce

Elon Musk was asked what happens to people when the machines no longer need them. He didn’t soften it. Musk: “There will be fewer and fewer jobs that a robot cannot do better. These are not things I wish would happen. They probably will.” Sit with that second sentence. He is not celebrating. He is not selling a vision. He is telling you what he believes is inevitable and admitting he wishes it weren’t. That is not optimism. That is a confession. Most people are still arguing over whether this is real. Whether it’s their job or someone else’s. Whether the timeline is years away or decades. Musk isn’t arguing. He resolved it. And it bothers him. Musk: “I think ultimately we will have to have some kind of universal basic income. I don’t think we’re going to have a choice.” Not a political position. Not a utopian proposal. A concession. We are building something so capable that human labor stops being a required input to the economy. The machine does not need rest. It does not need a salary. It does not call in sick. It does not ask for a raise. And it improves every single month. The jobs that feel safe right now are not safe because they are irreplaceable. They feel safe because the technology hasn’t fully arrived yet. It’s arriving. Musk: “How do people then have meaning? If there’s not a need for your labor, what’s the meaning? Do you feel useless?” He said that is the harder problem. Not the economics. Not the policy. Not how you fund UBI or make it hold. The harder problem is what happens to a person who built their entire identity around being needed. That is most people. You were trained from childhood to believe your value is what you produce. That your worth is what you earn. That rest is something you survive the week to reach, not something you deserve simply by existing. When the machine removes the need for your labor, that belief does not update. It breaks. The people least prepared for that moment are the ones who worked the hardest. The ones who took the most pride in being indispensable. The ones who made work the whole answer. Losing the job is survivable. Losing the reason to get up is not. That is what Musk is actually asking. Not how do we pay people. How do we build a world where people still feel like they matter when the economy no longer needs them. Nobody in power is seriously working on that answer. The machine didn’t wait.

Dustin

247,028 görüntüleme • 3 ay önce

Peter Thiel on $NVDA (about a year ago): It is probably quite tricky. If you had to concretize it, one thing that is very strange is if you just follow the money, at this point 80 to 85% of the money in AI is being made by one company, it is NVIDIA. It is all on this very weird hardware layer, which Silicon Valley does not even know very much about anymore. We do not really do hardware, we do not do silicon chips in Silicon Valley anymore. I get pitched on these companies once every three or four years, and it is always, I have no clue how to do this, it sounds like a pretty good idea, but man, I have no clue, and we never invest. There is this theory that the hardware piece makes the money initially, then gets more commodified over time, and it will shift to software. And the, I do not know, multi trillion dollar question is whether that is going to be true again this time, or whether NVIDIA will have this incredible monopoly. I suspect NVIDIA will. I think it will maintain its position for a while. I think the game theory on it is something like this. All the big tech companies are going to start trying to design their own AI chips so they do not have to pay the 10x markup to NVIDIA. How hard is it for them to do it? How long will it take? If they all do it, then the chips become a commodity and nobody makes money in chips. So do you go into hardware? You should do it if nobody else is doing it. If everybody does it, you should not do it. I am not sure how that nets out, but probably people stay stuck for a while and NVIDIA goes from strength to strength for a while.

Wall St Engine

824,845 görüntüleme • 7 ay önce