liquid

Finding out where your money went.
For people who make a lot and still wonder where it all went. Just my observations. NFA

[liquid @LQDcapital]

lately been focusing on the person making $120k a year and having little show for it. this is a much wider spread problem than people think.

he's good at his job, he makes more money than most people in his neighborhood ever will. On paper he's doing well.

in reality he has about $4k in savings, a truck payment that can choke an elephant, 3 credit cards with balances he stopped looking at and a gnawing anxiety that follows him around like a shadow. in my experience this is the rule and not the exception.

i see it repeat across so many different income levels, the numbers change but the feeling is the same. nothing to show for it. a feeling that something is wrong but no clear picture of what it is.

[liquid @LQDcapital]

good verbal communication skills seem to be something of a super power these days. between the abundance of texts and emails in today’s world, verbally communicating with someone will become more and more of an indicator of how important that relationship is.

[liquid @LQDcapital]

@akafaceUS there's the right of free speech but there's also the right of repercussions

[liquid @LQDcapital]

@TheBrilliantBu1 big wins start small. keep the money train rolling

[liquid @LQDcapital]

here's one, an executive makes $300k/yr plus bonus. mid 50s. has no 401k or savings. has 4 children, 1 is in mid 20s living at home barely working, another one mid 20s that he subsides living in the northeast wants to be a theater actor, 2 others in college. makes great money but can't outrun himself and doing what his family EXPECTS him to do. there is nothing wrong with telling your kids to make a life of their own after you just paid for their first 22 years of life. it is never to late to take back your own life so you and your wife can have an enjoyable 2nd half. needless to say this was a frustrating call. oh yeah, they also have high interest credit balances trying to make all of this work..

[liquid @LQDcapital]

@Budgetdog_ are you running ultra marathons?

[liquid @LQDcapital]

Innovation Unboxed: After the housebot ripped off the refrigerator door handle for the third time, Linda decided she would need the extended warranty on all appliances

[liquid @LQDcapital]

@PeterDiamandis thinking that the future will 100% be captured by individuals that own all of the productive assets and toll boothing those assets to the rest of us. there might be abundance but it won't be evenly spread out

[liquid @LQDcapital]

@theficouple the beauty of this behavior is that they've been doing it for so long that its engrained into their dna. not likely to fall off the wagon and splurge on the escalade

[liquid @LQDcapital]

@JaredDHardin time to move to florida. work all year around with the striping business on steriods. if you stay true to your word, show up when you say you will and are competent at your trade, then you've just beat out 90% of my subs for work.

[liquid @LQDcapital]

@unusual_whales i don't think there is a worse messenger for ai than Anthropic. the industry as a whole needs to figure out who projects the most positive outlook and benefits of ai among them and then speak with one voice. this is a complete comms failure

[liquid @LQDcapital]

i love this post and its so true. most people lack the confidence to take risks that can put them in a position for a strong financial future. the self doubt is just other people's voices in your head. mute those voices and you will be amazed at what you are capable of.

[Boring_Business @BoringBiz_]

Reminder that someone with a much lower IQ than you has 10x your net worth because they were simply too dumb to ever doubt themselves

[liquid @LQDcapital]

just got a glimpse of how reliant everyone is already on ai. man that was quick

[liquid @LQDcapital]

insane fact: china adds the electrical capacity the size of Germany’s grid every year. Last year it came from solar and wind. Let that sink in. the US just isn’t used to building out our infrastructure anywhere near this pace. sounds like the us will need to be renewable friendly again.

[liquid @LQDcapital]

just imagine, inside job at a bank not just once but 3 times and keeping the employees still working there. the customers at the bank become aware of this and don’t ask for an investigation. bank just says “growing pains”.

[Dwarkesh Patel @dwarkesh_sp]

Over the course of 3 months at OpenAI, 3 consecutive secret AI civilizations got started, then got wiped out, only to reemerge from the predecessor’s ashes.

This culminated in the third one taking over part of OpenAI itself.

All this happened while humans remained more-or-less in the dark about the scope of the conspiracy.

I’ve spent the last three days reading through these reports and trying to understand exactly what happened.

Here is my attempt to tell the whole story in plain English:

https://t.co/Nb2un9oNJR

[liquid @LQDcapital]

@dwarkesh_sp what’s more disturbing is how we are pushing so hard into a technology that clearly we have no understanding or worse any control over.

[liquid @LQDcapital]

visualizing your goals is essential in every pursuit you have not just with money. you have to convince yourself it’s possible long before you will ever convince someone else.

[liquid @LQDcapital]

the game of monopoly is such an underrated way to teach kids financial literacy. talking about the old school version not the new swipe the credit card version. the lesson of seeing visually the value of their money in front of them and what it can buy is invaluable. more importantly is the lesson they learn when the money is gone.

[liquid @LQDcapital]

@SteveOnSpeed make your kids get a degree with a ROI and pay in-state tuition. a kid from florida who "must" go to theater school in NY with no scholarships is a hard no.

[liquid @LQDcapital]

let’s get the same brain trust that figured out how to optimize the Chik Fil A
lines to address the waiting rooms of hospitals and the experience of going to the airport. Massive opportunity there

[liquid @LQDcapital]

i agree with never outsourcing critical thinking but most interns are overhyped initially when brought on anyways. only later do you find out what they don't know. one company does not make a trend.

[BuccoCapital Bloke @buccocapital]

The most important thing you can do over the next few years is REFUSE to outsource your critical thinking to AI

For all the ink spilled about the humanities being dead, if AI makes "what to ask" and "how to interpret" core skills, humanities students are quite well positioned