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We asked Vance Spencer (Co-founder of Framework Ventures) about Hyperliquid's path to 10x in price and market cap. "$5.5 billion of USDC earning 4.5% interest rate is $200 million of profit a year up for grabs." "It can probably get to $100 just based on perp volume." "$10 billion... show more

The Rollup

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American taxpayers spend $2 billion dollars per year on Congress ‌ - Salary $174k - $7.6 million per year for meal reimbursements - Their MRA, the Members' Representational Allowance is $810 million - Majority and Minority leadership, Hakeem Jeffries and Mike Johnson, get $37 million just for them - MRA broken down is $1.5 million to each Congress Rep - Actual Budget can range around $2 million per member, though some suggest it might be closer to $5 million when including all expenses - Operational Costs: $750 million for House expenses and $250 million for Senate expenses - - US Congress is getting 18 weeks of vacation this year - Congress will only work 133 days in 2025 ‌ Conservative estimate total cost $1.5 million to $2 billion per year What do we get in exchange for this? They sell us out 100% of the time

American taxpayers spend $2 billion dollars per year on Congress ‌ - Salary $174k - $7.6 million per year for meal reimbursements - Their MRA, the Members' Representational Allowance is $810 million - Majority and Minority leadership, Hakeem Jeffries and Mike Johnson, get $37 million just for them - MRA broken down is $1.5 million to each Congress Rep - Actual Budget can range around $2 million per member, though some suggest it might be closer to $5 million when including all expenses - Operational Costs: $750 million for House expenses and $250 million for Senate expenses - - US Congress is getting 18 weeks of vacation this year - Congress will only work 133 days in 2025 ‌ Conservative estimate total cost $1.5 million to $2 billion per year What do we get in exchange for this? They sell us out 100% of the time

Wall Street Apes

580,580 Aufrufe • vor 1 Jahr

“Non profit sure is looking profitable these days” - The average CEO of a non-profit hospital gets paid $1.3 million per year - The highest paid CEO of a non-profit gets $5.2 million per year - In 2021, they got $37 billion in tax benefits, but they only provided $15 billion in charity care. “Sounds like we are overpaying” - Non-profit hospitals run Super Bowl ads and put their name on baseball stadiums “Not-for-profit hospitals make up 58% of hospitals and they're exempt from paying federal, state and local sales and property taxes. To qualify they have to meet a few requirements but basically they have to provide community benefits like charity care and refrain from aggressive billing and collections” The definition of hospitals in America is “aggressive billing” Non profit hospital in America is a scam

“Non profit sure is looking profitable these days” - The average CEO of a non-profit hospital gets paid $1.3 million per year - The highest paid CEO of a non-profit gets $5.2 million per year - In 2021, they got $37 billion in tax benefits, but they only provided $15 billion in charity care. “Sounds like we are overpaying” - Non-profit hospitals run Super Bowl ads and put their name on baseball stadiums “Not-for-profit hospitals make up 58% of hospitals and they're exempt from paying federal, state and local sales and property taxes. To qualify they have to meet a few requirements but basically they have to provide community benefits like charity care and refrain from aggressive billing and collections” The definition of hospitals in America is “aggressive billing” Non profit hospital in America is a scam

Wall Street Apes

113,216 Aufrufe • vor 9 Monaten

PIC Chief Investment Officer, Mr. Kabelo Rikhotso informed #SCOPA that the #PIC injected R250 million into #Daybreak Foods earlier this year and, just a week ago, used its own balance sheet to inject an additional R150 million into the company. He said Daybreak Foods is a business that, under normal circumstances, can generate an annual turnover of approximately R3.2 billion to R3.4 billion. If well managed, it should deliver a profit after tax of about R300 million to R400 million per year.

PIC Chief Investment Officer, Mr. Kabelo Rikhotso informed #SCOPA that the #PIC injected R250 million into #Daybreak Foods earlier this year and, just a week ago, used its own balance sheet to inject an additional R150 million into the company. He said Daybreak Foods is a business that, under normal circumstances, can generate an annual turnover of approximately R3.2 billion to R3.4 billion. If well managed, it should deliver a profit after tax of about R300 million to R400 million per year.

Finance-Cluster

32,183 Aufrufe • vor 1 Jahr

We’re pleased to announce our financial results for the first nine months of 2024, with a profit of 1.4 Billion (U.S. $368 million), up 66% year-on-year. We thank our customers for their continued trust and support and will continue enhancing your travel experience. Read more:

We’re pleased to announce our financial results for the first nine months of 2024, with a profit of 1.4 Billion (U.S. $368 million), up 66% year-on-year. We thank our customers for their continued trust and support and will continue enhancing your travel experience. Read more:

Etihad Airways

17,612 Aufrufe • vor 1 Jahr

The end of 2022 is nearly here A really enjoyable year for the page. Over 300 points profit made (£3,000 to £10 per point) Message me to be a part of it for 2023 📩 you can try the free page first to see how you find it 👉🏻👉🏻

The end of 2022 is nearly here A really enjoyable year for the page. Over 300 points profit made (£3,000 to £10 per point) Message me to be a part of it for 2023 📩 you can try the free page first to see how you find it 👉🏻👉🏻

Tom

126,350 Aufrufe • vor 3 Jahren

Here’s how much American taxpayer pay US Congress directly ‌ - Salary $174k per year each - $7.6 million per year for meal reimbursements - The House Committees, just to meet, they get $212 million - Each Congress rep is allotted up to 18 staffers - Wages for each of the 18 staffers per Congress rep are from $58k-$200k each - Their MRA, the Members' Representational Allowance is $810 million - Majority and Minority leadership, Hakeem Jeffries and Mike Johnson, get $37 million just for them - MRA broken down is $1.5 million to each Congress Rep - Actual Budget can range around $2 million per member, though some suggest it might be closer to $5 million when including all expenses - Operational Costs: $750 million for House expenses and $250 million for Senate expenses - US Congress is getting 18 weeks of vacation this year - Congress will only work 133 days in 2025 ‌ Conservative estimate total cost $1.5 million to $2 billion per year ‌ What do we get in exchange for this?

Here’s how much American taxpayer pay US Congress directly ‌ - Salary $174k per year each - $7.6 million per year for meal reimbursements - The House Committees, just to meet, they get $212 million - Each Congress rep is allotted up to 18 staffers - Wages for each of the 18 staffers per Congress rep are from $58k-$200k each - Their MRA, the Members' Representational Allowance is $810 million - Majority and Minority leadership, Hakeem Jeffries and Mike Johnson, get $37 million just for them - MRA broken down is $1.5 million to each Congress Rep - Actual Budget can range around $2 million per member, though some suggest it might be closer to $5 million when including all expenses - Operational Costs: $750 million for House expenses and $250 million for Senate expenses - US Congress is getting 18 weeks of vacation this year - Congress will only work 133 days in 2025 ‌ Conservative estimate total cost $1.5 million to $2 billion per year ‌ What do we get in exchange for this?

Wall Street Apes

1,795,420 Aufrufe • vor 10 Monaten

This is Andrew Feldman, the Cerebras CEO, sizing the AI market the lazy way: one software engineer will burn $50,000 to $100,000 a year in AI tokens. There are 47 million of them. That's $5 trillion. Now do India. We have 5 million engineers. At his numbers, that's $250–500 billion a year in inference — and every rupee of it leaves the country, because we make neither the chips nor the models. India's whole crude oil bill is about $130 billion.

This is Andrew Feldman, the Cerebras CEO, sizing the AI market the lazy way: one software engineer will burn $50,000 to $100,000 a year in AI tokens. There are 47 million of them. That's $5 trillion. Now do India. We have 5 million engineers. At his numbers, that's $250–500 billion a year in inference — and every rupee of it leaves the country, because we make neither the chips nor the models. India's whole crude oil bill is about $130 billion.

Himanshu Sinha

41,332 Aufrufe • vor 2 Monaten

We asked Flood about his dynamic relationship with Arthur Hayes on Hyperliquid. "People fundamentally misprice Hyperliquid and Arthur is one of the people who actually has the best pricing and probably the most edge" 🦣 "The global perpetual swap market is anywhere from $20-30 billion in revenue a year, and Binance conservatively makes $10 billion a year in revenue." "Hyperliquid does about one-sixth to one-tenth the volume that Binance does on perps—if Hyperliquid is making a billion a year, that puts Binance at conservatively $10 billion annually just from perps."

We asked Flood about his dynamic relationship with Arthur Hayes on Hyperliquid. "People fundamentally misprice Hyperliquid and Arthur is one of the people who actually has the best pricing and probably the most edge" 🦣 "The global perpetual swap market is anywhere from $20-30 billion in revenue a year, and Binance conservatively makes $10 billion a year in revenue." "Hyperliquid does about one-sixth to one-tenth the volume that Binance does on perps—if Hyperliquid is making a billion a year, that puts Binance at conservatively $10 billion annually just from perps."

The Rollup

85,353 Aufrufe • vor 1 Jahr

President Joe Biden broke OPEC and he doesn’t get enough credit for doing it!!! Biden managed to time the oil market to perfection… 🛢️ In 2022 Biden released 180 million barrels of oil from the strategic reserves at an average price of $95 per barrel. 🛢️ In July 2023 when oil was $67 per barrel, he began to refill the reserve. 🛢️ Biden made about $30 per barrel profit on approx 200 million barrels which totals $5-6 billion that goes to the US treasury.

President Joe Biden broke OPEC and he doesn’t get enough credit for doing it!!! Biden managed to time the oil market to perfection… 🛢️ In 2022 Biden released 180 million barrels of oil from the strategic reserves at an average price of $95 per barrel. 🛢️ In July 2023 when oil was $67 per barrel, he began to refill the reserve. 🛢️ Biden made about $30 per barrel profit on approx 200 million barrels which totals $5-6 billion that goes to the US treasury.

Christopher Webb

1,317,608 Aufrufe • vor 2 Jahren

Happy 4th of July Independence Day! Today, here’s a reminder of how much American Taxpayers spend on US Congress It costs an estimated $2 billion+ per year from taxpayers for Congress to operate, yet we can’t even get them to pass Voter ID: - Salary $174k - $7.6 million per year for meal reimbursements - The MRA, the members reprisational allowance is $810 million - MRA broken down is $1.5 million to each Congress Rep - Majority and Minority leadership get $37 million just for them - Actual Budget can range around $2 million per member, though some suggest it might be closer to $5 million when including all expenses - Operational Costs: $750 million for House expenses and $250 million for Senate expenses Conservative estimate total cost $1.5 million to $2 billion per year This was from a couple years ago, if you can believe it, the numbers have gone UP. Here’s the new data - Salary $174k (leadership is more) - Meal reimbursements/lodging roughly $7.6 million - The MRA (Members’ Representational Allowance) is $850 million - MRA broken down averages $1.9 million per House Member - Majority and Minority leadership get roughly $37 million, varies depending on data you look at - Actual per-member costs range around $2 million just for MRA, salary, support - The real cost per Representative is closer to $5+ million when including all allocated expenses and staff Operational Costs: $2+ billion for House and Senate operations. Conservative estimate for broader total cost is $2–7 billion+ per year

Happy 4th of July Independence Day! Today, here’s a reminder of how much American Taxpayers spend on US Congress It costs an estimated $2 billion+ per year from taxpayers for Congress to operate, yet we can’t even get them to pass Voter ID: - Salary $174k - $7.6 million per year for meal reimbursements - The MRA, the members reprisational allowance is $810 million - MRA broken down is $1.5 million to each Congress Rep - Majority and Minority leadership get $37 million just for them - Actual Budget can range around $2 million per member, though some suggest it might be closer to $5 million when including all expenses - Operational Costs: $750 million for House expenses and $250 million for Senate expenses Conservative estimate total cost $1.5 million to $2 billion per year This was from a couple years ago, if you can believe it, the numbers have gone UP. Here’s the new data - Salary $174k (leadership is more) - Meal reimbursements/lodging roughly $7.6 million - The MRA (Members’ Representational Allowance) is $850 million - MRA broken down averages $1.9 million per House Member - Majority and Minority leadership get roughly $37 million, varies depending on data you look at - Actual per-member costs range around $2 million just for MRA, salary, support - The real cost per Representative is closer to $5+ million when including all allocated expenses and staff Operational Costs: $2+ billion for House and Senate operations. Conservative estimate for broader total cost is $2–7 billion+ per year

Wall Street Apes

59,556 Aufrufe • vor 1 Monat

SWIFT is going live with $LINK next year and your $50-100 price targets will be blown out of the water. ETH almost hit a $600B market cap last cycle. SWIFT does $150T per year in volume. $LINK is going to a $500B+ market cap this cycle.

SWIFT is going live with $LINK next year and your $50-100 price targets will be blown out of the water. ETH almost hit a $600B market cap last cycle. SWIFT does $150T per year in volume. $LINK is going to a $500B+ market cap this cycle.

nicu

240,992 Aufrufe • vor 1 Jahr

Michael O'Leary on why Ryanair won't use Starlink Wi-Fi: Elon Musk wants Ryanair to install Starlink, but O'Leary did the math and shut it down. "We have to put a couple of dimples on the outside of the aircraft. It would be about a 2% fuel drag." "My fuel bill is 5 billion a year. 2% fuel drag is something of the order of about 100 million." "Starlink believes passengers will pay you 1 euro, 2 euro, and it will pay for itself." "Clearly they've never met any Ryanair passengers." He's not spending 100 million so passengers can scroll for free:

Michael O'Leary on why Ryanair won't use Starlink Wi-Fi: Elon Musk wants Ryanair to install Starlink, but O'Leary did the math and shut it down. "We have to put a couple of dimples on the outside of the aircraft. It would be about a 2% fuel drag." "My fuel bill is 5 billion a year. 2% fuel drag is something of the order of about 100 million." "Starlink believes passengers will pay you 1 euro, 2 euro, and it will pay for itself." "Clearly they've never met any Ryanair passengers." He's not spending 100 million so passengers can scroll for free:

Entrepreneurs on X

552,876 Aufrufe • vor 3 Monaten

Mockler on Cost of Iran War: So in New York, they did free school lunches for $300 million a year, put that against the $50 billion, which is a conservative estimate for this war. We could have funded this across the country. How about in Connecticut? They have paid family leave. It was $450 million a year. And it is $5 million to start up. Put that against the $50 billion. It is a no brainer. What about one more in New Mexico. It costs $1.5 billion for free college. We could do that 20 times over with the $50 billion that we've spent.

Mockler on Cost of Iran War: So in New York, they did free school lunches for $300 million a year, put that against the $50 billion, which is a conservative estimate for this war. We could have funded this across the country. How about in Connecticut? They have paid family leave. It was $450 million a year. And it is $5 million to start up. Put that against the $50 billion. It is a no brainer. What about one more in New Mexico. It costs $1.5 billion for free college. We could do that 20 times over with the $50 billion that we've spent.

Acyn

529,384 Aufrufe • vor 3 Monaten

Elon Musk: What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book and Optimus is a fundamental part of that The scale of Optimus, like I said, that's really going to be something else I think it's going to be the biggest product of all time, by far Like bigger than cell phones, bigger than anything. I guess the way to think about it is that every human on Earth is going to want to have their own personal R2-D2 C-3PO I think there could be tens of billions of Optimus robots out there We're going to launch on the fastest production ramp of any product, of any large complex manufactured product ever. And starting with building a million unit production line in Fremont. And then a 10 million unit per year production line here... I don't know where we're going to put the 100 million unit production line. Maybe on Mars, I don't know But I think it's going to literally get to 100 million a year, maybe even a billion a year

Elon Musk: What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book and Optimus is a fundamental part of that The scale of Optimus, like I said, that's really going to be something else I think it's going to be the biggest product of all time, by far Like bigger than cell phones, bigger than anything. I guess the way to think about it is that every human on Earth is going to want to have their own personal R2-D2 C-3PO I think there could be tens of billions of Optimus robots out there We're going to launch on the fastest production ramp of any product, of any large complex manufactured product ever. And starting with building a million unit production line in Fremont. And then a 10 million unit per year production line here... I don't know where we're going to put the 100 million unit production line. Maybe on Mars, I don't know But I think it's going to literally get to 100 million a year, maybe even a billion a year

X Freeze

1,259,203 Aufrufe • vor 9 Monaten

I think that South Africa and KwaZulu-Natal are better today because of the decision that we took to be part of the GPU and the GNU. Just in 1 year KZN MEC for Finance, Francois Rodgers brought down the deficit of this province from R9 billion to R300 million .

I think that South Africa and KwaZulu-Natal are better today because of the decision that we took to be part of the GPU and the GNU. Just in 1 year KZN MEC for Finance, Francois Rodgers brought down the deficit of this province from R9 billion to R300 million .

DA KZN

21,175 Aufrufe • vor 9 Monaten

This gives you a sense of just how massive Terafab is going to be compared to Tesla Gigafactory Texas. It will be 10x the size (100 million sq ft) and output 1 TW per year. Insane scale.

This gives you a sense of just how massive Terafab is going to be compared to Tesla Gigafactory Texas. It will be 10x the size (100 million sq ft) and output 1 TW per year. Insane scale.

Nic Cruz Patane

44,776 Aufrufe • vor 2 Monaten

The House passed the “Secure America Act” that will fully fund ICE and Customs and Border Protection through the end of Donald Trump’s term This is a huge $70 billion dollar bill that breaks down - $38.5 billion for ICE personnel, investigations, enforcement, technology, arrests - $26 billion for CBP border security, personnel, screening, technology - $5 billion additional for related DHS needs Republicans used the budget reconciliation process which is a simple majority in Senate that bypasses filibuster to avoid needing Democratic votes Yet we can’t pass the Save America Act to mandate voter ID, proof of citizenship and ban mail in ballots…. According to what I can find it looks like the estimated amount of illegals they can be removed with this new funding is about 1 million per year So Democrats let in 20 million+ in 4 years and we have to pay $70 billion in taxes to remove 1 million a year. But no Democrats go to jail

The House passed the “Secure America Act” that will fully fund ICE and Customs and Border Protection through the end of Donald Trump’s term This is a huge $70 billion dollar bill that breaks down - $38.5 billion for ICE personnel, investigations, enforcement, technology, arrests - $26 billion for CBP border security, personnel, screening, technology - $5 billion additional for related DHS needs Republicans used the budget reconciliation process which is a simple majority in Senate that bypasses filibuster to avoid needing Democratic votes Yet we can’t pass the Save America Act to mandate voter ID, proof of citizenship and ban mail in ballots…. According to what I can find it looks like the estimated amount of illegals they can be removed with this new funding is about 1 million per year So Democrats let in 20 million+ in 4 years and we have to pay $70 billion in taxes to remove 1 million a year. But no Democrats go to jail

Wall Street Apes

18,224 Aufrufe • vor 2 Monaten

Google just reported $99 billion in profits it never actually received. Alphabet posted net income of $112.1 billion for a single quarter. Earnings per share came in at $9.11 against a Wall Street estimate of $2.87. That is one of the largest profit quarters any company has ever printed. Yet the stock fell about 7% the same day. When people read past the headline and opened the earnings release, they found the reason sitting in one footnote... $99 billion of that profit came from a line called other income. Alphabet describes it as "primarily the result of net unrealized gains on our equity securities." So Google did not sell anything. It marked up shares it already owned and ran the increase through its income statement. That single line added $77.1 billion to net income after tax. It accounted for $6.26 of the $9.11 in earnings per share. Strip it out and adjusted earnings per share were $2.85. Analysts wanted $2.89. The ACTUAL business missed. Now here is what makes this insane: Most of that $99 billion came from two holdings, SpaceX and Anthropic. SpaceX went public on June 12 at roughly $1.77 trillion, up from about $400 billion a year earlier. Alphabet's stake is worth $94.1 billion, and roughly $80 billion of it sits under sale restrictions. Anthropic went from a $350 billion valuation to $965 billion inside the same quarter. Alphabet's private company holdings were worth about $124.3 billion on June 30, and the vast majority of that is Anthropic. Google cannot sell either position right now. Now trace where that valuation came from: Google started putting money into Anthropic in 2023. A $300 million bet has grown into a $13.3 billion position with commitments of up to $30 billion more. Anthropic committed to buying at least five gigawatts of computing capacity from Google Cloud. Google Cloud revenue then grew 82% to about $24.8 billion, the strongest quarter that business has ever had. That growth is part of the story the market uses to price both companies. And when Anthropic's valuation jumped, Google booked the jump as its OWN profit. Google is the investor, the supplier, and the party deciding what the asset is worth. A tax and accounting consultant named Robert Willens flagged this back in April, pointing out that Alphabet is able to influence the value of one of its own assets. And Alphabet's free cash flow for the quarter was negative $5.9 billion. That is the first negative quarter since Google went public in August 2004. Capital spending hit $44.9 billion. Operating cash flow was $39.1 billion. Capex now eats about 37.5% of every dollar of revenue, the highest share in the company's public life. To fund it, Alphabet has taken on roughly $100 billion of debt this year and raised about $85 billion in a June share sale, its first in more than two decades. This is a company that spent years buying its own stock back. What happens next: Alphabet raised 2026 capital spending guidance to between $195 billion and $205 billion, the second raise in three months. The finance chief told analysts 2027 spending will rise significantly. The company also disclosed $811 billion in contracted future spending commitments as of June, up nearly $500 billion from March. Those commitments are signed contracts that get paid in cash. The profit is an estimate of what a private company might be worth on a given day. Estimates move in both directions. If Anthropic or SpaceX gets repriced downward, the same line that produced the biggest quarter in Google's history runs backwards, and this quarter produced no free cash flow to absorb it. Meta, Microsoft and Amazon are all carrying their own private AI stakes into their own earnings reports. Watch how much of their profit they actually collected in cash...

Google just reported $99 billion in profits it never actually received. Alphabet posted net income of $112.1 billion for a single quarter. Earnings per share came in at $9.11 against a Wall Street estimate of $2.87. That is one of the largest profit quarters any company has ever printed. Yet the stock fell about 7% the same day. When people read past the headline and opened the earnings release, they found the reason sitting in one footnote... $99 billion of that profit came from a line called other income. Alphabet describes it as "primarily the result of net unrealized gains on our equity securities." So Google did not sell anything. It marked up shares it already owned and ran the increase through its income statement. That single line added $77.1 billion to net income after tax. It accounted for $6.26 of the $9.11 in earnings per share. Strip it out and adjusted earnings per share were $2.85. Analysts wanted $2.89. The ACTUAL business missed. Now here is what makes this insane: Most of that $99 billion came from two holdings, SpaceX and Anthropic. SpaceX went public on June 12 at roughly $1.77 trillion, up from about $400 billion a year earlier. Alphabet's stake is worth $94.1 billion, and roughly $80 billion of it sits under sale restrictions. Anthropic went from a $350 billion valuation to $965 billion inside the same quarter. Alphabet's private company holdings were worth about $124.3 billion on June 30, and the vast majority of that is Anthropic. Google cannot sell either position right now. Now trace where that valuation came from: Google started putting money into Anthropic in 2023. A $300 million bet has grown into a $13.3 billion position with commitments of up to $30 billion more. Anthropic committed to buying at least five gigawatts of computing capacity from Google Cloud. Google Cloud revenue then grew 82% to about $24.8 billion, the strongest quarter that business has ever had. That growth is part of the story the market uses to price both companies. And when Anthropic's valuation jumped, Google booked the jump as its OWN profit. Google is the investor, the supplier, and the party deciding what the asset is worth. A tax and accounting consultant named Robert Willens flagged this back in April, pointing out that Alphabet is able to influence the value of one of its own assets. And Alphabet's free cash flow for the quarter was negative $5.9 billion. That is the first negative quarter since Google went public in August 2004. Capital spending hit $44.9 billion. Operating cash flow was $39.1 billion. Capex now eats about 37.5% of every dollar of revenue, the highest share in the company's public life. To fund it, Alphabet has taken on roughly $100 billion of debt this year and raised about $85 billion in a June share sale, its first in more than two decades. This is a company that spent years buying its own stock back. What happens next: Alphabet raised 2026 capital spending guidance to between $195 billion and $205 billion, the second raise in three months. The finance chief told analysts 2027 spending will rise significantly. The company also disclosed $811 billion in contracted future spending commitments as of June, up nearly $500 billion from March. Those commitments are signed contracts that get paid in cash. The profit is an estimate of what a private company might be worth on a given day. Estimates move in both directions. If Anthropic or SpaceX gets repriced downward, the same line that produced the biggest quarter in Google's history runs backwards, and this quarter produced no free cash flow to absorb it. Meta, Microsoft and Amazon are all carrying their own private AI stakes into their own earnings reports. Watch how much of their profit they actually collected in cash...

Ricardo

363,928 Aufrufe • vor 18 Tagen

Grant Cardone says his tenants pay his $2.2 billion in debt not him. "I have debt on $2.2 billion of real estate, my tenants pay for it, 100% of that at 5% is $110 million of interest deductible every year, meanwhile [regular homeowners] can't deduct more than $42,000, there should be no limitation, it's an American product, you should be able to deduct 100% of the interest"

Grant Cardone says his tenants pay his $2.2 billion in debt not him. "I have debt on $2.2 billion of real estate, my tenants pay for it, 100% of that at 5% is $110 million of interest deductible every year, meanwhile [regular homeowners] can't deduct more than $42,000, there should be no limitation, it's an American product, you should be able to deduct 100% of the interest"

Yonan

1,028,650 Aufrufe • vor 4 Monaten