RJ ⚜️

Rest in Power to my brother Ronald | Entrepreneur | Real Estate Developer

[RJ ⚜️ @RJFlipsHouses]

Had an idea to renovate historic homes in New Orleans

Bought this beauty and brought her back to life (about 5 years ago)

And I’m still going... Growing business daily...

Been a RE Investor for about 7 years

[Bearded Painter @moneymadu]

Have you ever had an idea and turned it to reality?

Quote RT with what it is

[Money Quotes @MoneyQuotesX]

A trillion dollars built by a guy who genuinely believed in things people thought were science fiction. Believe in your weird idea.

[RJ ⚜️ @RJFlipsHouses]

Today is more proof of the Value-Add concept.

[Erik Voorhees @ErikVoorhees]

No, you don't get it.

He does not have $1 trillion sitting in cash, it is 99% stock in his companies.

To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.

Okay, but now Elon has $100b in cash, and can "solve the world's problems".

$100b divided by the world's 8 billion people is $12

If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.

But everyone on earth could have one nice meal and you could revel in your altruism.

[Bark @barkmeta]

If you bought SpaceX at the open this morning and sold 10 minutes later, you outperformed 6 years of holding Ethereum.

[Shruti @heyshrutimishra]

Elon just created 4,400 millionaires in a single day.

400 of them are now worth over $100 million.

These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.

Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.

Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."

The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.

Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.

[RJ ⚜️ @RJFlipsHouses]

Amazing to see this IPO in real time.

[Trung Phan @TrungTPhan]

an all-time bet on yourself

[Scott Kushner @ScottDKushner]

Jose Alvarado was playing his nuts off in front of 4500 people on a Tuesday night in the Smoothie King Center.

Impossible to not love this for him.

[NEW YORK KNICKS @nyknicks]

THE MOMENT.

[Adam Schefter @AdamSchefter]

The Knicks wiping out the Spurs’ 29 point third-quarter lead was the NFL equivalent of:

[Ian Jakovan Dunlap @_masterinvestor]

GREAT COMEBACK. You gottta give the Knicks all the credit in the world

[Tai Lopez @tailopez]

Marcus Aurelius was right when he said the crowd will forget you no matter what you do. So the only real question is whether you spent your years chasing their approval or actually living for yourself.

[RJ ⚜️ @RJFlipsHouses]

It’s happening

[Lucas Shaw @Lucas_Shaw]

New: Hollywood talent agency CAA is partnering with its old friends at private equity firm TPG to invest in the businesses of YouTube stars, podcasters, etc.

It’s starting with $250 million.

https://t.co/QHwnPQmSWO

[RJ ⚜️ @RJFlipsHouses]

Social media breaks are wonderful for your neurological health and cognitive improvement, but man the instantaneous nature of news here and having quick access to groundbreaking developments is unmatched. Gotta be a happy medium somewhere.

[Dr Boyce Watkins - Wealth is Power @drboycewatkins1]

Stop romanticizing the grind. The goal was never to work hard forever. The goal was to work hard long enough to build something that works without you. Hustle is the entrance fee. Ownership is the destination.

[RJ ⚜️ @RJFlipsHouses]

@OutwestLock @BTInsuranceCEO High key this a major reason why modern women struggle in dating. They have no game, and that lack of ability frustrates them.

[RJ ⚜️ @RJFlipsHouses]

@Diamie_x I’m surprised that they even let them do this out there. They literally look like “the entertainment” lol.

[RJ ⚜️ @RJFlipsHouses]

@SymoneBeez Most people who say that have never really been around actual wealthy people irl.

[Josiah Johnson @KingJosiah54]

Knicks coming back to New York for Game 3

[RJ ⚜️ @RJFlipsHouses]

@WinterHasCome22 @tjayjones8 He was playing hurt obviously