Founder of @getkidas we protect gamers from toxicity in video games || ๐ฎ๐ฑ in ๐บ๐ฒ | I tweet about my journey as a founder and new things I learn along the way
One of the greatest things that we have learned from @techstars and our managing director @kjsnyc is to use the big rocks system to make sure we are focusing on the important stuff.
Below ๐I will share some thoughts on how we use it
Letโs start with the mechanics:
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@ramit In RE, as with investing in ETFs, you can lose money in the short term. You are very unlikely to lose money if you hold it for the long term.
If you hold a property for 20+ years in an economically stable city, the historical odds of losing your principal investment are zero
@FBIRichmond Gaming has become one of the most common places for online predators to reach kids.
That's why we created @GetKidas, software that alerts parents about potential scams, predators, and harassment in gaming.
@realEstateTrent When you treat your kids as a chore, you don't have free time.
If you, like me, decided to have kids enjoy the free time you have TOGETHER
@NaiMack21@realEstateTrent Using the same logic the returns of the S&P in the last 50 years are not known since I didn't personally hold the ETF during the entire time period
@NaiMack21@realEstateTrent I still haven't held it for a full decade but if you look at the past of neighboring properties and run the calculations - yes.
@besttrousers@AlecStapp All prices are irrelevant since they include nursery home prices, for example, that are irrelevant for people in their 20s. The important part is the CPI of the products and service people in their 20s consume
@skylarromines The beginning of January is tough - a workout that typically takes me an hour takes an hour and half because it is so crowded at the gym.
Kudos fir everyone starting but most of them give up after 3 weeks.
@realEstateTrent Voice memo is today's way of the other side to tell you "my time is more important than yours"
Easy to record very annoying to receive
@alexiskold Same here.
Recently I realized that having a canned "Not interested" response for cold inbounds takes me of their automation so I get less emails
@ramit@ramit you have to admit that many people are not disciplined enough to save and therefore having a mortgage is probably the only way to get them to save
@realEstateTrent The key here is the time horizon- how long do they plan to live there? While in year 1, it might be the case, in years 2, 3, 4, etc., the rent goes up while the fixed mortgage stays the same.
Not to mention the appreciation, tax write-off, etc