@SoundDobad I know this may sound petty, but I can’t stand it when people put photoshop a meth pipe in my mouth. A crack pipe doesn’t have that little bowl at the end. This is why we can’t trust AI. Please make the appropriate edit. Thank you for your attention to this matter.
Joe Rogan is completely blown away after learning how much money a person earning $21,000 a year in 1990 would have today if they invested just 5–10% of their income every month.
ANSWER: 2 to 5 million dollars.
ROGAN: “Holy sh*t!”
“Imagine if someone told you you had to live off $21,000 today. You’d be like, ‘Oh, fuck.’”
CALEB HAMMER: “And yet… they could retire multi-millionaires—even with that.”
A guy retired at 41 with $2M and $125k/yr in passive income, yet his wife still called him a loser.
My latest on why being useful is more attractive than being rich: https://t.co/pLido885kE
Ted Turner inherited a billboard company at 24 after his dad killed himself. By the time he died Wednesday at 87, he had founded CNN, built the world's largest bison herd, and handed the United Nations a billion dollars after thinking about it for 48 hours.
In September 1997, at a UN dinner in New York, Turner walked to the podium and pledged the billion with no warning. It was one of the biggest charity gifts ever made. The US had fallen behind on its UN dues. The agency was running on fumes. The Foundation he created has since turned that gift into more than $2 billion for global programs.
CNN almost died in the crib. It launched June 1, 1980 with 1.7 million subscribers, far short of what it needed to break even. Within months, costs doubled and revenues halved. Turner took new loans at 18% interest. The three big networks (ABC, NBC, CBS) called it the "Chicken Noodle Network" and waited for it to fail.
Then the 1991 Gulf War broke out. Bombs started falling on Baghdad on January 17, but other networks lost their feeds within hours. CNN's three had a phone line that held up. They kept broadcasting from a hotel as bombs fell. Turner's instruction to his news chief on the war budget had been four words: "spend whatever it takes." For weeks, CNN was the only network showing the war live. State TV around the world dropped its coverage and rebroadcast CNN's feed. Over a billion people watched. Even the Pentagon got its updates from CNN.
CNN was just the start. Turner bought the Atlanta Braves in 1976, put them on his superstation, and beamed baseball into nearly every home in North America years before they became good. The Braves won the World Series in 1995. He won the America's Cup, sailing's biggest trophy, in 1977. He bought MGM in 1986 for $1.5 billion, mostly for the film library that became Turner Classic Movies. He launched TNT and Cartoon Network. He commissioned Captain Planet, a cartoon about superhero environmentalists, to teach kids about pollution.
Turner started buying ranches in 1987 and never stopped. He ended up with about 2 million acres, more than three times the size of Rhode Island. The bison herd grew to 51,000 head, the largest privately owned anywhere in the world. He started Ted's Montana Grill, a chain serving bison burgers, so the herds could pay for themselves.
He sold his media empire to Time Warner in 1996 for $7.5 billion. The 2001 Time Warner-AOL merger then wiped out about $8 billion of his fortune in 30 months. By his own math, that's a $10 million loss every day for two and a half years.
TIME named him Man of the Year in 1991. He once said: "If only I had a little humility, I'd be perfect."
@TheMagaHulk I did hundreds of Facebook marketplace and Craigslist deals as a middle schooler
If the kid meets in public areas and does a bit of due diligence, the kid will be fine
I would encourage my kids to do the same
@nikillinit Agree with the sentiment
Youger people have better tech knowledge and also less complex situations
Older people have more complex situations and seek professionals
Time may be more valuable to older folks too
I’m gonna say it
This book gets a bad rap (I think mainly because of the author) but it's a great read for anyone who is trying to grasp ideals of financial literacy:
$GOOGL $META $AMZN and $MSFT all beat EPS estimates after the bell tonight.
Here’s how they stacked up:
$GOOGL: $5.11 vs $2.73 estimate (beat by 87%)
$META: $10.44 vs $6.68 estimate (beat by 56%)
$AMZN: $2.78 vs $1.66 estimate (beat by 59%)
$MSFT: $4.27 vs $4.01 estimate (beat by 6.5%)
Revenue beats across the board too, with AI/cloud momentum showing up strong again.
@InvestingAddict I've been thinking about how Roth accounts are relatively new, and folks born in the 80s-90s will be the first generation having contributed to Roth accounts throughout their entire career.