Hasty Bananas

Phil's thoughts on all the things.

[Hasty Bananas @Hasty_Bananas]

As a believer, you don’t have to fight your battles. Give it to God and watch him fight for you.

[Hasty Bananas @Hasty_Bananas]

@privacytests Really surprised Firefox scores worse out of the box than other major browsers

[Hasty Bananas @Hasty_Bananas]

Where your treasure is, there your heart will be also.

[Dave Ramsey @DaveRamsey]

Where you spend your money says what's important to you.

"Thank God it's Friday. I'm going to hit the bars." We know what's important to you.

"I'm going to save for the future." We know what's important to you.

"I'm going to save for my kids." We know what's important to you.

"I'm going to save and invest so much, I'm going to change the lives of my grandkids and great-grandkids." We know what's important to you.

[Dave Ramsey @DaveRamsey]

Crypto isn’t investing—it’s speculation.

And when you’ve got student loans, car loans, or other debt hanging over your head, you don’t have the luxury to speculate.

If you wouldn’t take out a loan to buy crypto today, then you shouldn’t be holding onto it while you have debt. Cash it out, pay off your debt, and stop playing games with your future.

[Hasty Bananas @Hasty_Bananas]

I basically send 2 replies to texts - 👍 or

[Hasty Bananas @Hasty_Bananas]

“Whoever is slow to anger has great understanding, but one who has a hasty temper exalts folly.”
Proverbs 14:29 NRSV

[Dave Ramsey @DaveRamsey]

Until you’re actually ready to buy, renting is never a waste of money. But I don’t want you renting forever.

Your most expensive line item in your budget is housing. So when you rent, the most expensive thing you spend money on is out of your control, variable and increasing. That is not scalable or sustainable long-term. Because what you’re paying in rent now is nothing compared to what it will be 10 or 20 years from now.

When you buy on a fixed-rate 15-year mortgage (like I recommend), you now have a fixed payment for a property. And then when you get it paid off, you have a fixed rate, other than your taxes and property insurance. Those will both go up, but they won’t usually end up being the largest part of your budget anymore.

If you’re renting and happy right now, I don’t want you to confuse the fact that you have a good situation now with a forever plan. It’s not a good forever plan. It can be a really good short-term plan though. Don’t let friends or family shame you into buying something when you’re not ready. But you do need to stabilize the largest expense you have before it gets out of control.

[Hasty Bananas @Hasty_Bananas]

I had no idea you can use emojis in tags in Apple Notes 🤯

[Hasty Bananas @Hasty_Bananas]

"Comparison is the thief of joy" - the more I think about this, I realize comparison is just a symptom of the problem. It's the outcome of a heart focused on self. We can't attack our tendency to compare ourselves to others. We have to go deeper to why do we need to compare?

[Hasty Bananas @Hasty_Bananas]

x IS hasty bananas

[The Kobeissi Letter @KobeissiLetter]

Shocking stat of the day:

The market cap of US stocks relative to the US M2 money supply hit 289%, the highest since the 2000 Dot-Com Bubble.

Over the last 2 years, this ratio surged by ~100 percentage points.

By comparison, in the late 1990s, it took 3 years for a similar rise.

The Nasdaq 100 to M2 money supply ratio has also doubled in 5 years and hit a record 0.97x, exceeding the 2000 Dot-Com Bubble peak of 0.93x.

In other words, the stock market's rally has significantly outpaced the increase in money supply.

The US stock market is MASSIVE.

[Hasty Bananas @Hasty_Bananas]

Ok, to tweet it is

[Hasty Bananas @Hasty_Bananas]

To tweet or not to tweet, that is the question