Financial Thing

Late investor playing catch up in my 50's. Sold $PLTR at $13. Real Estate, UK peer to peer lending, index tracker lover, $SCHB, $MSBT, Tesla convert. NFA

[Financial Thing @financialthing]

I’ve been on X for 10 years but only started posting regularly recently. I decided to share a few real estate projects I’m involved in to inspire and highlight the challenges along the way.

I’m not wealthy. My income is unpredictable because I’ve spent years avoiding the 9 to 5. Time and freedom mean everything to me. I’ve funded projects by investing when I could and keeping my expenses low.

I’m 52, no dependents. I’ve tried multiple careers: touring club DJ, web developer, real estate investor. Most businesses failed; others I walked away from. Some just paid the bills.

I went bankrupt in 2011, wiped out by the 2008 financial crisis. Lost 3 condos, 5 acres of city land, and a house, all bank foreclosed. I was 50% leveraged, 100% my fault. Learned the hard way that banks don’t care about you, so you have to be your own bank.

I also loaned over $100K to a friend who owned several bars (don’t do this). No collateral, 30% interest, and six months later he filed for bankruptcy and fled the country. Lost everything. Another expensive lesson.

Now I’m throwing darts at the board one last time, hoping one lands. Still battling thoughts of failure every day. Trying to retrain my brain to glass half full mode but it's hard.

Project 1:

Small lakefront lot in Central Florida. Planning to build a 2,500 sq ft spec home to sell for profit. I’m not a GC but working with one. Purchased with two others in April 2025. Permit applied for in May, approved in October. City delays and some GC errors slowed things down. Hoping to start construction soon.

Project 2:

Buying pasture land in Alabama with a partner to build a niche rental property and add RV spaces. Totally outside my comfort zone, but nothing ventured, nothing gained.

Project 3:

Invested 5 figures as a silent partner in a townhome flip purchased in January 2025. Was told it would take 6 weeks, but it’s now October and still not complete. I’ve had zero control and learned a lot about what not to do as a passive investor.

Follow along if you want to join me on this journey. Hopefully you’ll learn something from the wins and the mistakes.

[Financial Thing @financialthing]

@lindsay__stamp This could be your view everyday in Florida.

[Financial Thing @financialthing]

@LeopoldATracker $IREN no but the other 2 yes

[Financial Thing @financialthing]

@AustinsStocks For example?

[Financial Thing @financialthing]

@Broken_Shahin What type of help do you need?

[Financial Thing @financialthing]

@Tesla_AI i’m sure you know this already but the speed profiles in FSD V14.3.3 are broken. Standard going between 2 mph below to 2 mph over speed limits. V14.3.2 profiles were great. Why did you break them? 😩

[Financial Thing @financialthing]

@lindsay__stamp Get ready for dip 964

[Financial Thing @financialthing]

Just came back from 3 weeks in Spain, Italy and England. Ate a lot and came home 10lbs lighter. Make me wonder what is in the food in the USA

[Financial Thing @financialthing]

@TheBTCTherapist Nuking was $3k. This is nothing

[Financial Thing @financialthing]

Space x IPO will be a coin flip gamble. Stock market is running on pure sentiment vs fundamentals

[Financial Thing @financialthing]

@areyous76505851 @strengthPlan Not the same thing sir

[Financial Thing @financialthing]

@ZssBecker Shame you made those crypto videos Alex. I know some people who lost a lot of money buying 💩 coins you pushed. Their fault for buying but crappy nonetheless.

[Financial Thing @financialthing]

@AswathDamodaran Fundamentals don’t impact price until earnings reports anymore. Sentiment moves stock prices now.

[Financial Thing @financialthing]

@EdnStuff @IOHK_Charles I feel sorry for the ADA community. Lots of money lost.

[Financial Thing @financialthing]

@pepemoonboy Unfortunately screenshot share purchases are easily faked

[Financial Thing @financialthing]

@pax_advictorium @SawyerMerritt A bad comparison. Tesla IPO’d at approximately $1.6b valuation. Simple math shows Space X’s future potential. Maybe a long term 2-3x

[Financial Thing @financialthing]

@realEstateTrent We don’t have state or local taxes in Florida

[Financial Thing @financialthing]

@BitcoinIntelX These “giveaways” never give anything away

[Financial Thing @financialthing]

@moizali Just came back from Mallorca. Port Soller is gorgeous.